Bitcoin (digital fiat) will crash again!

Discussion in 'Digital Currencies' started by TreasureHunter, May 12, 2017.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    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!
     
  2. Altima

    Altima Well-Known Member Silver Stacker

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    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?
     
  3. markc

    markc Member

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    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.
     
  4. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    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.
     
  5. leo25

    leo25 Well-Known Member Silver Stacker

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    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.
     
    Last edited: May 13, 2017
  6. markc

    markc Member

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    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.
     
  7. Golightly

    Golightly Well-Known Member Silver Stacker

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

    TreasureHunter Well-Known Member

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    No, Altima, I don't own a single Bitcoin, not even a Satoshi. No fraction :)
     
  9. leo25

    leo25 Well-Known Member Silver Stacker

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    Not even 1 Satoshi! man you haven't lived :D 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 :(
     
    Last edited: May 13, 2017
  10. Altima

    Altima Well-Known Member Silver Stacker

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    Aww you're missing out on all the fun we're having!
     
  11. leo25

    leo25 Well-Known Member Silver Stacker

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    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
     
  12. Altima

    Altima Well-Known Member Silver Stacker

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

    Holdfast Well-Known Member Silver Stacker

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    [​IMG]
     
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  14. Holdfast

    Holdfast Well-Known Member Silver Stacker

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  15. Holdfast

    Holdfast Well-Known Member Silver Stacker

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  16. Holdfast

    Holdfast Well-Known Member Silver Stacker

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  17. Holdfast

    Holdfast Well-Known Member Silver Stacker

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  18. Holdfast

    Holdfast Well-Known Member Silver Stacker

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  19. Altima

    Altima Well-Known Member Silver Stacker

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    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...
     
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  20. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    No electricity and................. :D
     

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