BTC free fall happening now

iamLucky said:
The price is based on demand and supply. No one can change its price. So it can't be 500$ like that tomorrow.
Also, why do you need information about the founder of Bitcoin? Bitcoin is decentralized, no one controls it.
It is not a pyramid scheme. Is it a bubble? USD and other currencies are bubbles and bitcoin purpose is to pop them.
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I See, thanks for explaining. Cause sometimes I don't understand this scheme
 
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DavidLeadgen said:
So, people whose invested during the hype (when BTC were more 15k) - all will be in loss?
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No, not until they sell.

If they buy Bitcoin for 15k, they still have 1 Bitcoin.
If they choose to trade their 1 Bitcoin for USD today, then yes it will be a loss.

Otherwise it's unrealized, it's still 1 Bitcoin no matter how much it's valued in USD.
That's why you say "it's not a loss until you sell"
 
I know exactly who's behind this.
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DaPromo said:
No, not until they sell.

If they buy Bitcoin for 15k, they still have 1 Bitcoin.
If they choose to trade their 1 Bitcoin for USD today, then yes it will be a loss.

Otherwise it's unrealized, it's still 1 Bitcoin no matter how much it's valued in USD.
That's why you say "it's not a loss until you sell"
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So, you think as well to keep on hold it? Like " you don't lose until you sold"
 
iamLucky said:
The price is based on demand and supply. No one can change its price. So it can't be 500$ like that tomorrow.
Also, why do you need information about the founder of Bitcoin? Bitcoin is decentralized, no one controls it.
It is not a pyramid scheme. Is it a bubble? USD and other currencies are bubbles and bitcoin purpose is to pop them.
Click to expand...
As long as bitcoin is traded on a few centralized exchanges, it won't be decentralized in the true meaning.
Even if all the stories of corruption inside and among exchanges are just fairy tales, consider that: exchanges are not decentralized.
 
mindmaster said:
As long as bitcoin is traded on a few centralized exchanges, it won't be decentralized in the true meaning.
Even if all the stories of corruption inside and among exchanges are just fairy tales, consider that: exchanges are not decentralized.
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Exchanges are not decentralized and thats a fact.
They will be replaced by DEX in the future.
But I disagree with you when you say bitcoin is not decentralized because is traded on centralized exchanges.
Yes, market manipulation happens but why should we see the decentralization of a network and a coin in terms of trading?
 
I heard that huobi banned Japan users from their platform
 
iamLucky said:
Exchanges are not decentralized and thats a fact.
They will be replaced by DEX in the future.
But I disagree with you when you say bitcoin is not decentralized because is traded on centralized exchanges.
Yes, market manipulation happens but why should we see the decentralization of a network and a coin in terms of trading?
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This is not a debate. The #crypto market is more about 'investing/speculating', than a way of payment. At this time.
Most funds traded are done using centralized exchanges. No matter how great a coin is (decentralized or not), it beats the purpose of decentralization when you trade it using a centralized system. Simple.

Also, earlier you stated that "The price is based on demand and supply. No one can change its price. So it can't be 500$ like that tomorrow."
Now you say "Yes, market manipulation happens."

Make up your mind.

I am out.
 
mindmaster said:
Also, earlier you stated that "The price is based on demand and supply. No one can change its price. So it can't be 500$ like that tomorrow."
Now you say "Yes, market manipulation happens."
Click to expand...
Ofc price is manipulated, but whales can not short bitcoin to 500$.
 
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