1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

BITCOIN TO CRASH on AUG 1st !!

Discussion in 'CryptoCurrency' started by JustAnotherPanel, Jul 16, 2017.

  1. JustAnotherPanel

    JustAnotherPanel Jr. VIP Jr. VIP

    Joined:
    Sep 29, 2016
    Messages:
    424
    Likes Received:
    198
    Gender:
    Male
    Occupation:
    CEO of JAP
    Hello Guys,
    A friend of mine working in the Block-chain bus. in NY told me that a system crash is expected on AUG 1st and thats why the prices of all CryptoCoins is going down.
    If BTC survives this technical crash on July 31st midnight, its price is expected to go up again and above 3k$. If not, BTC will have no use anymore.

    Do you guys have any idea about this ?

    I am concerned because I have around 5k$ worth of BTC (2.5BTC), should i sell them now or take the risk ?

    and What about other coins like LTC - ETH ? Will they be affected too ?

    Thanks
     
  2. W9go

    W9go Jr. VIP Jr. VIP

    Joined:
    May 16, 2011
    Messages:
    5,321
    Likes Received:
    1,126
    Gender:
    Male
    Occupation:
    chasing girls
    Location:
    chasing girls
    sell sell sell ;)

    you could bet on lower prices ...
     
  3. honestIM

    honestIM Power Member

    Joined:
    Jan 15, 2017
    Messages:
    558
    Likes Received:
    620
    Gender:
    Female
    Occupation:
    Professional CPA Marketer
    Why is there even a system crash when the mining is done through multiple GPUs? Sound weird to be honest.
     
    • Thanks Thanks x 1
  4. hippo123

    hippo123 Jr. VIP Jr. VIP

    Joined:
    Mar 9, 2016
    Messages:
    2,083
    Likes Received:
    475
    This sounds so dodgy.
     
    • Thanks Thanks x 2
  5. laur.laurix

    laur.laurix Power Member

    Joined:
    May 8, 2013
    Messages:
    760
    Likes Received:
    290
    Occupation:
    Reverse Engineering Maniac
    Location:
    Mars
    there is to much capital in btc for it to crash that easy....plus the world needs a fast and simple way to launder money and finance illegal stuff.
     
  6. Neon

    Neon Elite Member

    Joined:
    Nov 3, 2013
    Messages:
    3,170
    Likes Received:
    7,851
    Gender:
    Male
    Occupation:
    Traveling the world
    Location:
    Pissing in the wind
    People are panic selling because of the August fork !!! HODL
     
    • Thanks Thanks x 1
  7. umerjutt00

    umerjutt00 Jr. VIP Jr. VIP

    Joined:
    Oct 28, 2011
    Messages:
    3,926
    Likes Received:
    2,180
    Occupation:
    Ninja
    • Thanks Thanks x 1
  8. Sherb

    Sherb Jr. Executive VIP Jr. VIP

    Joined:
    Dec 26, 2010
    Messages:
    1,388
    Likes Received:
    11,400
    Occupation:
    Quality Control
    Location:
    United States
    Home Page:
    Everything about cryptocurrency is volatile and unstable. It's a high tech fad because people think it's cool that it's anonymous. The coins that have even the most remote bit of longevity have been plummeting for a while now. It's cool that it spiked up a few months back, but now I think it's time to get real.
     
    • Thanks Thanks x 1
  9. vividus designs

    vividus designs Newbie

    Joined:
    Jan 20, 2017
    Messages:
    33
    Likes Received:
    4
    Gender:
    Male
    What is Block-chain bus ?
    Who own this system which is going to crash ?
    I was thinking bitcoin is decentralized. Isn't it ?
    Did it really have such central authority or system which can be crash and can effect btc price ?
     
  10. JustAnotherPanel

    JustAnotherPanel Jr. VIP Jr. VIP

    Joined:
    Sep 29, 2016
    Messages:
    424
    Likes Received:
    198
    Gender:
    Male
    Occupation:
    CEO of JAP
  11. robertforveve

    robertforveve Newbie

    Joined:
    Jul 11, 2015
    Messages:
    26
    Likes Received:
    15
    https://bitcoin.org/en/alert/2017-07-12-potential-split

    1st August event explained
     
    • Thanks Thanks x 1
  12. JustAnotherPanel

    JustAnotherPanel Jr. VIP Jr. VIP

    Joined:
    Sep 29, 2016
    Messages:
    424
    Likes Received:
    198
    Gender:
    Male
    Occupation:
    CEO of JAP
  13. BoobsColorBlack

    BoobsColorBlack BANNED BANNED

    Joined:
    Jul 1, 2017
    Messages:
    105
    Likes Received:
    19
    Gender:
    Male
    are you sure in this OP?
     
  14. xplosiv

    xplosiv Power Member

    Joined:
    Oct 18, 2014
    Messages:
    523
    Likes Received:
    119
    I've done a little research on btc and I find it all a bit confusing. But I have seen regular increases in price since last year when it was around 600-800 around this time... could be a wise investment, especially if it continues with this general traction.

    It would blow to miss out on it while its still somewhat affordable. I may buy a coin or 2 and just hold onto it for a few years to see what happens.
     
  15. The Curator

    The Curator Senior Member

    Joined:
    Dec 27, 2013
    Messages:
    1,061
    Likes Received:
    447
    So losing 25% in a day isn't a crash to you?

    Digital currencies, stocks, and bonds will all be recalibrated when the GLOBAL RESET happens - gold and silver will be the only commodity worth owning, which is the way it's been since humans have been around...
     
  16. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

    Joined:
    Dec 7, 2007
    Messages:
    1,700
    Likes Received:
    1,519
    Occupation:
    unemployee
    Location:
    Blockchain
    LOL I just sold all my BTC at $2100 yesterday.

    1/August/2017 is MEGA risk for investor.

    Nobody like hardfork.

    And nobody like bitcoin core too since it have lots of weaknesses.

    Solution, bitcoin will die :(

    And other permanent power crypto currency will rise up. But, since the pioneer of crypto currency aka bitcoin just dead, other crypto will crash too due too "panic".

    Till this trauma have gone, and people start to trust the crypto currency again.

    That just my theory and prediction. Basic logic.
     
  17. C4DUC3USM00N

    C4DUC3USM00N Newbie

    Joined:
    Jul 16, 2017
    Messages:
    3
    Likes Received:
    0
    Gender:
    Male
    Funny... The other day I saw a guy on another site saying he was expecting all of the cryptocurrencies to rise in price
     
  18. sturose

    sturose Jr. VIP Jr. VIP

    Joined:
    Nov 6, 2013
    Messages:
    1,837
    Likes Received:
    2,250
    Gender:
    Male
    Occupation:
    Self unemployed
    Location:
    Right behind you!
    Bet you wished you'd cashed out a couple of months ago now!

    BC has lost a huge amount of its value recently. I don't follow or invest in crypto but I do keep an eye on the market. Couple of months ago and even as recently as a couple of weeks it was hovering around the $2.6-2.9k mark, now it's below $2k again.

    It was only a matter of time before the bubble burst.
     
  19. Black Orange

    Black Orange BANNED BANNED

    Joined:
    Jul 10, 2017
    Messages:
    165
    Likes Received:
    46
    Gender:
    Male
    Lol , Are you sure ? I don't think that is gonna happen
     
  20. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

    Joined:
    Dec 7, 2007
    Messages:
    1,700
    Likes Received:
    1,519
    Occupation:
    unemployee
    Location:
    Blockchain
    Because at first I thought there is no hard fork. :(
    That's why i postpone to cash out all my bitcoin when the price still at around 2.7-2.8k

    But, as yesterday rumor start to spread that the hard fork will still be implement on 1 August. As the result, China start to panicking including me .

    Better cash out now, even not much amount of profits compare many weeks ago than nothing.
     
    • Thanks Thanks x 1