moviemoney
BANNED
- Jan 13, 2016
- 190
- 27
someone really wants pump and dump 
How to prepare for the bitcoin crash
- Thread starter Wilson Grant Fisk
- Start date
-
- Tags
- bitcoin bitcoin crash btc
BigManTing
Junior Member
- Feb 18, 2012
- 180
- 102
He is right, but whilst the money is easily made with buying and selling alt coins, than it should be done! we follow the money and then we invest it into multiple things.
And we all know, never put all your eggs in one basket.
I do amazon fba/etsy full time, but it will never hurt to poke my hands into crypto aswell you know.
Bluearrow
Power Member
- Jul 8, 2010
- 557
- 134
I guess Churn and burn approach is the best for BitCoins. Earn while you can and get rid of them when cracks start appear in Bubble. Once it's down enough buy again and repeat the process. There is a very good chance current price gonna crash but it won't crashing for long. People will start buying again so value will become stable again and then start raising again.
Anyway I'm curious about these other cripto coins which stays under BitCoin shadow. Will these coins have a future ? Everytime Bitcoin prices start going down same happens to these coins too.
Anyway I'm curious about these other cripto coins which stays under BitCoin shadow. Will these coins have a future ? Everytime Bitcoin prices start going down same happens to these coins too.
BigManTing
Junior Member
- Feb 18, 2012
- 180
- 102
A few variables could cause this.
What happens from here will depend a lot on how governments react. Will they tolerate anonymous payment systems that facilitate tax evasion and crime? Will they create digital currencies of their own? only time will tell
We all know our governments are capable banning or putting restrictions on crypto, a few countries around the world have already banned it and it's become a crime sadly.
My bet is they would create their own digital currency, they have the best marketing in the world lol, SO WHY NOT!?
aussies
Registered Member
- Dec 16, 2011
- 58
- 18
People been saying this for a long time, might happen ot might not. Regardless theres bigger profits to be made, move your money into Ripple it won’t crash & will moon in 2018.
MatthewGraham
BANNED
- Oct 6, 2015
- 1,755
- 2,746
Why even bother explaining? It seems like quite educated people are willing to dismiss the blatantly obvious problems with Crypto.
Yeah of course there is money to be made with Crypto, you would have to be a moron not to see this. However there has to be a get out point, a point where you have actually took money, and not made imaginary chips.
A crash may or may not happen, but I'm betting my money on getting in and out, not holding onto worthless tokens. Each to their own anyway.
lindamarry
BANNED
- Jul 22, 2017
- 52
- 11
Going to buy BTC when it crash.
TWdesigns69
Power Member
- Aug 2, 2015
- 665
- 146
I agree. I love btc and crypto and have nothing against investing in it. I was actually referring to the the last paragraph of his post where he talks about making long term white hat websites. Thats what am doing now so it really resonated with me. Cheers.
TWdesigns69
Power Member
- Aug 2, 2015
- 665
- 146
Ripple is centralized right?
sinclair
Junior Member
- Dec 27, 2010
- 102
- 31
a short cross-reference :
" Venezuela Plans a Cryptocurrency, Maduro Says "
" Venezuela Plans a Cryptocurrency, Maduro Says "
tb303
Supreme Member
- Dec 18, 2011
- 1,238
- 909
To clear this up. No. More people mining does not mean more bitcoin created.
Bitcoin has a target of 1 block every 10 minutes. If more people start mining then the total network hash rate goes up meaning blocks start to be added to the chain faster. If this continues the difficulty is adjusted up automatically until its back to 1 block every 10 minutes.
The reward for adding a block currently stands at 12.5 btc. This reward halves every 210000 blocks so by mid 2020 that will reduce to 6.25.
And it could be fair to say "win" bitcoin. Its called a reward for one and secondly something a lot of people dont realise about mining is that it is a race. The first "miner" to find that valid hash gets their block added and claims the reward (plus all the fees in the block). Thats how we ended up with such large pools.
- Feb 23, 2011
- 7,593
- 746
Statistically, 99% of day traders lose more money than they make on their trades. It is definitely not a more sensible approach, especially if you do not know any TA. There are much smarter people doing day trading that are unprofitable in the long term.
islandman1010
Elite Member
- May 10, 2008
- 2,221
- 587
I wonder what the regulation of Bitcoin will do to the price. This was always going to happen. https://www.theguardian.com/technol...u-plan-cryptocurrency-price-traders-anonymity
F4lken
Regular Member
- Dec 15, 2016
- 476
- 540
I personally think it is far from "crash" and the price will grow exponentially in next 2 years at least
Like US dollars or any currency not backed by gold? They worth something more than paper only because of people trust in governments.
Why is gold worth what is worth (like many others universal goods) and still climb from 5000 years from now?
Because it follows 3 simple rules the ideal currency should have:
-limited amount
-easily fractionable
-everybody recognize its value
In some way BTC follows the firsts two rules; the third is what makes it a bubble or not, and I see it's starting to materialize seriously. This is why, IMHO,the price just started to climb.
This doesn't mean after some years it can develop serious issues / vulnerabilities (such mathematical shortcuts to resolve blocks, or CPU/GPU evolutions like quantum processors which would totally take over the remaining tokens)
I really never been into BTC in particular but I'm going to buy in the very next few days and hold i until 2020 mainly for the reasons I TLDR'd here on
Like US dollars or any currency not backed by gold? They worth something more than paper only because of people trust in governments.
Why is gold worth what is worth (like many others universal goods) and still climb from 5000 years from now?
Because it follows 3 simple rules the ideal currency should have:
-limited amount
-easily fractionable
-everybody recognize its value
In some way BTC follows the firsts two rules; the third is what makes it a bubble or not, and I see it's starting to materialize seriously. This is why, IMHO,the price just started to climb.
This doesn't mean after some years it can develop serious issues / vulnerabilities (such mathematical shortcuts to resolve blocks, or CPU/GPU evolutions like quantum processors which would totally take over the remaining tokens)
I really never been into BTC in particular but I'm going to buy in the very next few days and hold i until 2020 mainly for the reasons I TLDR'd here on
F4lken
Regular Member
- Dec 15, 2016
- 476
- 540
I forgot to say this is also the main difference between BTC and all others shitcoins/bubbles
islandman1010
Elite Member
- May 10, 2008
- 2,221
- 587
Something you forgot about Gold is that it also has a physical use beyond shiny jewelry. It has huge uses in the medical and industrial industries. Bitcoin has no physical presence.
F4lken
Regular Member
- Dec 15, 2016
- 476
- 540
Gold's value was already huge way before it was implemented in industrial / medical applications