BTC drop: everything you need to know

BRB, just opening a new thread stating real reasons for the drop. And its not because idiots think its FUD, noobs and Korea. Guess what the B word burst.
 
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Witicagnall4435 said:
Richest 1% own half the world's wealth...and it will stay this way...

The richest people on our planet own lots of corporations, banks, governments etc. They don't like (and never liked) means through which ordinary people could gain large amounts of wealth quickly.

Why? Because they don't want new members in their club.Why are they hatin' like this? Because the club has limited 'slots'...they don't want a world where everybody is fuckin' rich.
Crypto and ICO's are mechanisms which allow ordinary people to become very rich.

What do you think the richest people on earth (which, 'accidentally', are the most influential, too) do now?
Yes...exactly...do everything in their power to eliminate these mechanisms.
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If they destroy Bitcoins, what will happen to the investments they made in it ?
 
virtualpurity said:
So you saying that seeing how almost 500 Billions entered and exited the market in couple of months of period to you is all normal ? And its all from regular Joe`s that invested some money here and there ?
You saying things like the Tether printing dont affect bitcoin prices at all, and somehow magically Bitcoin will go up to 100K ?
Hope this is just another one big troll..
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We knew tether had no future. It will die.
ttmschine said:
Everybody can't be rich, honestly.

Hitch hikers guide to the universe - the leaf is theunit of currency, john Law early 1700s France, etc.

It's not possible, if everyone is rich money has no meaning.
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There are 21m bitcoins. A huge % were lost.
Planet population: 7.4billion

Asif WILSON Khan said:
What are your thoughts on the Tether report OP? Haven't looked at it closely but looks interesting: https://www.blackhatworld.com/seo/the-dark-side-of-the-tether-moon.1006653/#post-10789104
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I also find tether as a scam, when tether was hacked and a few billions have evaporated, but next day they created new tethers.
Tether is described by Coindesk as “a proxy for the US dollar that can be sent between exchanges, notably including Bitfinex, Poloniex and other markets without fiat trading.”
You should treat tether as a regular coin. There were plenty of scam coins.

davids355 said:
I agree with you but I think there are a few other factors as well. I think over all people have just lost confidence in BTC, rightly or wrongly. Basically if it can't be accepted into the mainstream then its not going to get anywhere near 100k IMHO.

I think it will probably recover at some point and it will be accepted, but I don't know when. And I am not so sure its hit bottom yet.
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I'm not going to side anyone here lol. I'll sit on the fence.

But there's something more important coming up:
https://www.sec.gov/news/upcoming-events

Feb. 6, 2018 | 10:00 am EST

Chairman Jay Clayton will testify before the U.S. Senate Committee on Banking, Housing and Urban Affairs. The hearing is titled, "Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission."
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Whatever is gonna be said will worsen, if not, move the price back up.

Let's stay tune.
 
Sophie said:
I'm not going to side anyone here lol. I'll sit on the fence.

But there's something more important coming up:
https://www.sec.gov/news/upcoming-events

Feb. 6, 2018 | 10:00 am EST



Whatever is gonna be said will worsen, if not, move the price back up.

Let's stay tune.
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I'd imagine that since the bankers don't want it, or the govts, and it's dropping like a brick, they'll know that if they give it a good kick the whole thing will collapse - so I expect that's what they'll do.
 
krishnaverma said:
If they destroy Bitcoins, what will happen to the investments they made in it ?
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2 possibilities in my opinion:
1. they've already cashed out (at the peak, most probably);
2. they've never invested in it. Remember: I am talking here about that 1%...the richest people who own corporations, banks, governments etc.
 
The funny thing is OP talks about FUD or FOMO or whatever fucking shit traders are calling it these days yet ironically he just created some himself by saying all this. This board is fairly big, uncorroborated shit like this can do irreparable damage to business/markets. Be careful what you say OP, @Sherb is right.

An example of this is tron- that got SO much hype from bhw alone and then ceo and other big whales dumped on you guys for effectively a shitcoin. Kudos, you guys played yourself

Sherb said:
You have no idea what the fuck you are talking about.

This is just a regurgitation of various things that have been posted already, compiled into one thread, calling things a scam, followed by a wild claim that BTC will get to $100,000... you're "pretty sure", then calling people stupid, then posting a meme.

Just spreading more nonsense based on nothing but your personal view of the situation. People reading this thread, like the posters above and yourself @BigTroll, are going to extrapolate what they want to hear.
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Bitcoin Drop Everything You Need To Know...

You was wrong, I was right.
 
Why all these 100k predictions? This crypto topic opened unmature side of BHW for me. more i read crypto currency section - more i think here are a lot of 13 y.o. "investors"
 
Thanks BigTroll, just re-mortgaged my home - It's time to make some rebound money!
 
kasher9 said:
The funny thing is OP talks about FUD or FOMO or whatever fucking shit traders are calling it these days yet ironically he just created some himself by saying all this. This board is fairly big, uncorroborated shit like this can do irreparable damage to business/markets. Be careful what you say OP, @Sherb is right.
An example of this is tron- that got SO much hype from bhw alone and then ceo and other big whales dumped on you guys for effectively a shitcoin. Kudos, you guys played yourself
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I'm not here to represent BTC, just saying the truth. If my FUD reflects into btc price, ok, you can blame me for this too.

soa0611 said:
Why all these 100k predictions? This crypto topic opened unmature side of BHW for me. more i read crypto currency section - more i think here are a lot of 13 y.o. "investors"
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It is not a fucking prediction, just a personal opinion.
 
BigTroll said:
I'm not here to represent BTC, just saying the truth. If my FUD reflects into btc price, ok, you can blame me for this too.


It is not a fucking prediction, just a personal opinion.
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The truth is based on what evidence? I'm not trying to say you're not right (I can't say yes or no, but I don't think anyone can), I'm trying to say you should corroborate what you're saying if you're gonna make claims in a big board like this.

Also this: a few years ago, switzerland left the free movement/trade agreement they had with EU. As a result not only did the CHF currency change that day, but so did EU currency. As a result, GBP was affected too (momentarily) amongst other currencies.

My point from this is, whilst you only created FUD on btc, your FUD could ripple (NO pun intended) out to other coins. It's why 1000s of shitcoins bubbled in oct-jan.

FYI: I can't prove the above, it's just my opinion. But that's my point, most of the crap you hear about crypto is just opinion, at the very least I tried to corroborate it somewhat.
 
anyone thinks that BTC organic growth stopped at its natural 5k$ , right before Tether started printing their "money" in Oct/Nov?
 
kasher9 said:
The truth is based on what evidence? I'm not trying to say you're not right (I can't say yes or no, but I don't think anyone can), I'm trying to say you should corroborate what you're saying if you're gonna make claims in a big board like this.

Also this: a few years ago, switzerland left the free movement/trade agreement they had with EU. As a result not only did the CHF currency change that day, but so did EU currency. As a result, GBP was affected too (momentarily) amongst other currencies.

My point from this is, whilst you only created FUD on btc, your FUD could ripple (NO pun intended) out to other coins. It's why 1000s of shitcoins bubbled in oct-jan.

FYI: I can't prove the above, it's just my opinion. But that's my point, most of the crap you hear about crypto is just opinion, at the very least I tried to corroborate it somewhat.
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FUD = roman numerals for 7 years old.

At least that's what you all sound like when you start with your silly infantile words/acronyms/nonsense (delete as applicable)
 
Cryptocurrencies make up only a tiny fraction of U.S. and world GDPs (3.2 percent and 0.8 percent, respectively), the dot-com bubble was much more significant in the U.S. and globally (101 percent and 31 percent, respectively)

Interesting to note.
 
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