Bitcoin (digital fiat) will crash again!

I can feel it: Bitcoin is going to crash again!

It's time, I think it will take a dip again. This is another great casino game and although it can be a great speculative investment, it's terrible unstable!

Watch the bubble pop, once again!

 

Hmm, Bitcoin's market capitalization is now close to 30 Billion USD. I'm guessing price will take a breather pending the decision of SEC on May 15, but if it dips, I'm certain there are alot of investors waiting on the sideline to capitalize on the weak hands that do panic sell.

I don't suppose you have any skin in the game do you?

 

It's due for a correction but there could be more in it.

A pull back and consolidation at around $1100-1300USD could see it rise a lot higher.

 

Yeh, that might be nice to buy from but I'd be surprised to see it pull back that far.

My scenario at the moment is another SEC knock back next week that causes another decent dip on wavering sentiment. Then support found on solid volume maybe around $1500-1550 USD. There is still a lot of long term upside if the scalability issue is potentially going to be resolved.

I'll be getting pretty excited about Bitcoin if the Bitcoin Unlimited solution takes a commanding lead in the node count.

 

what's peoples thoughts on China banning people from withdrawing bitcoins out of their exchanges? I just found out about it a few days ago.

My understanding is that you can buy bitcoin on the exchange, but once you have them you cant send them out to another wallet. Once the band ends will this cause a lot of Chinese to send and sell?

it looks like bitcoin is getting more regulated by the day.

 

Yeah, its hard to say at this stage as we're in uncharted territory, anything could happen. I think there will be a lot of profit taking over the next few days/weeks so we may see it drop to somewhere around those levels.

 

$1600 correction I would expect, $1500 is a tad bloody but I would think $1100 is no chance,

 

No, Altima, I don't own a single Bitcoin, not even a Satoshi. No fraction

 

Not even 1 Satoshi! man you haven't lived setup a wallet and ill send you 10,000 Satoshi or about 17cents, though you can never spend it as a transaction fee is more then that

 

Aww you're missing out on all the fun we're having!

 

I've setup a wallet for TreasureHunter. I've started it off with 0.001 bitcoin or 100,000 Satoshi
Come on all, transfer a small amount into this wallet 1KSpqunW7rFzFQSuCt6bRj2ei89STAWnVc and once it gets to $10 US ill send TreasureHunter the private key, so he can have a play.

you can view the wallet here
https://blockchain.info/address/1KSpqunW7rFzFQSuCt6bRj2ei89STAWnVc

 

Well if he sets up a MyEtherWallet, I'll be more than happy to give him some alt-coins to start him off

 

The funny thing is, who would have thought that those (crazy) people who bought Bitcoin at 159 USD ever after it crashed would be sitting on something more valuable right now...

 

No electricity and.................