can bitcoin ever collapse
- Thread starter akfirsttry
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- bitcoin cryptocurency
pennymarketer
Supreme Member
- Jul 1, 2019
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Bitcoin price is driven mostly by speculation, there is not an underlying asset or business supporting its value, so if the reasons that drive the speculative moves of the crypto disappear or lose importance, the price will go down. Will it go to zero? Maybe not, but I would not be surprised to see prices going really low in the future because of its lack of intrinsic value.
Bottomline, treat bitcoin for what it is, a speculative investment, which means that you should not have everything bet on it.
Bottomline, treat bitcoin for what it is, a speculative investment, which means that you should not have everything bet on it.
942-1
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- Jan 29, 2020
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The only thing I see reaching beyond anyone's expectation is 51% attacks and exit scams.
This has to be the worst advice one of the worst suggestions i've ever heard on the matter.I think you are taking the whole 'digital gold' sloganizing a bit too literally.
traffic_freak
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Can the stock market ever collapse?
- Jun 20, 2013
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Op invest in a real state if you love your money and are not greedy.
pennymarketer
Supreme Member
- Jul 1, 2019
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Yes, just as it happened in 2008, however, the stock market as a whole would never go to zero (e.g. the S&P 500 will never go to zero), some individual stocks could of course collapse completely.
xKINGx
Newbie
- Feb 1, 2020
- 9
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Bottom line is : You will always have 2 sides of it. 1 that is positive, 2 that's bad. Just as in an trend. So it's up to you to gamble on whatever you like, good or not 
Always read up things you are interesting of investing. Just try out what u want in small dosez first, if it works for you then it works for you. That's why we humans are unlike each other, we choose different
Always read up things you are interesting of investing. Just try out what u want in small dosez first, if it works for you then it works for you. That's why we humans are unlike each other, we choose different
depends from how you look at it and how far you'll be willing to hold and wait. There are people who are saying that it's just bubble which anytime can explode while others believe that it will continue its existence and create much higher appreciations.
D
Deleted member 1333509
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I remember people saying this in 2013.
pennymarketer
Supreme Member
- Jul 1, 2019
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Still true today
traffic_freak
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***you didn't see the sarcasm
... Thanks, anyways; People are sure to learn from your write up.
pennymarketer
Supreme Member
- Jul 1, 2019
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***you didn't see the sarcasm
blackbeans
Elite Member
- Nov 29, 2008
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Despite whatever weaknesses it may have, it is still the STANDARD for crypto and I don't see that changing any time soon.
mariecramer22
Newbie
- Dec 10, 2019
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Bitcoin is encrypted and secure. Bitcoin as an investment tool provides investors with three significant advantages over traditional investments- liquidity, high market demand, minimalistic trading.
- Mar 21, 2013
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Bitcoin has worked for over 10 years now with rarely any security issues. I'd say the likelyhood of it collapsing is minimal.
942-1
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Absolute nonsense.
Voyag
Regular Member
- Oct 4, 2018
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You kids should stick to paypal.
Alyciasaran
Newbie
- Dec 3, 2019
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The 2018 cryptocurrency crash was the sell-off of most cryptocurrencies from January 2018. By 26 November, bitcoin also fell by over 80% from its peak. It would not be fair to trust them completely.
942-1
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Is that your way of declaring you don't know what you're talking about?