Bitcoin (digital fiat) will crash again!

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

  1. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    I get the point you're trying to make holdfast but the reality is more like this.

    No electricity, presuming you're talking about a major, global, catastrophic event?

    Well unless you're planning on eating your gold it has as much value as the digital currency.

    In that sort of crisis only two things matter, food and water. If you make it past a few days then other things will start to matter the longer you last. Medication, shelter, personal safety etc.

    A planet earth with no power sees gold worth $0.00. Just the same as a Bitcoin
     
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  2. trew

    trew Active Member Silver Stacker

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    Apple, Alphabet, Microsoft, Amazon and Facebook are worthless
     
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  3. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    Don't forget gold and silver. :)
     
  4. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Forget "Gold"...Silver is your ticket. Au ta Ag ratio ATM is a no brainer.

    Those bitcoin guys!!!! Will be converting paper for physical metal
     
  5. Altima

    Altima Well-Known Member Silver Stacker

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    Holdfast, I think you may not realize that people who buy cryptos might also be buying PMs too... with the profits made in the former :)
     
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  6. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Hilarious vid. Thanks for that :)
     
  7. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Of course it will crash again....but thats not really good enough reason not to buy it.

    Anyone who bought and held since it was invented would still be happy, despite the crashes. I wish I got some at $5....
     
  8. Golightly

    Golightly Well-Known Member Silver Stacker

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    That was different the Mt Gox was pretty much the only large exchange with USD setting a bot to buy BTC without the FIAT to pay for it to enrich one fraudster.

    Last week 'cryptos' had 2 seperate days where 5 billion new dollars flowed into it. I see the bubble point but this isn't MtGox. And it inst just BTC, that only accounts for 30 bill odd of 60 billion now. or less than half of all money in cryptos
     
    Last edited: May 16, 2017
  9. Golightly

    Golightly Well-Known Member Silver Stacker

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    LOL least it goes up to crash down I suppose.

    But realistically I wouldn't tell people to buy BTC now, it is at a high price an you just never know, But ETH and other good block chain tokens are most certainly sound investments.
     
  10. TreasureHunter

    TreasureHunter Well-Known Member

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    Hilarious video indeed!

    I never said "don't buy Bitcoin", I just feel it will crash again!

    I wish I bought back when it was 35 $. I never did, it went to 600 $. I didn't buy, then it went to 1,900 $...
     
  11. clubman

    clubman Member

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    New high again... and again.... and again.....
     
  12. leo25

    leo25 Well-Known Member Silver Stacker

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    Unconfirmed transaction are skyrocketing and therefore transaction fees are going up fast. I did a transaction with a fee of $1.10 and that hasn't been processed in 2 days.

    Some very big fundamental problems going on with bitcoin that no one seems to want to talk about.

    The crypto space really feels like the dot com bubble all over again. So many cryptos popping up.
     
  13. Golightly

    Golightly Well-Known Member Silver Stacker

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    They just have to try to stop the dice games jamming up the blocks, if you watch the chain so many satoshis dice transactions, BTC isnt designed for that
     
  14. leo25

    leo25 Well-Known Member Silver Stacker

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    Reality is there is nothing that can be done about it. So either find a way to deal with it or the system dies.

    At some point all crypots are going to wake up to the reality of people actually using these things for everyday stuff. You can't then cry about it and say stop. Funny how people think decentralised free market is a better system. That will only work if most people in this world were not idiots.
     
    Last edited: May 21, 2017
  15. SilverBags

    SilverBags Well-Known Member Silver Stacker

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    Just MOO
    *My Own Opinion

    @Hold fast
    There is no paper converting alt coins and BTC, they are all digital numbers that exist in the
    WWW internet space/void on peeps pc's etc and without power they would be extinct.
    Yes I have been exciting "ALT COINS" to btc then into AUD and acquiring physical metal from stackers
    since btc moved to $2000 USD, I'm in the process of selling more alt coins for btc as my strategy kicked off when btc hit $2k and has ranged up to $2.2k which now puts btc at the top of a cup and handle along with the signal of all the peeps that are rushing in to the digital world of money right now is astronomical.

    I Respect the charts - as btc will retrace to go back and test the us $1300 for support.
    Then it will be time to buy alt coins again and ride the coat tails of that Big Fat Hog "BTC" again!
    Never a Guarantee the charts - they are only ever a guide
    To the peeps reading this as always "DYOR"

    My journey form fiat that is not supported by gold converted to alt coins with no physical backing except from coins communities and peeps PC's back into BTC then into aud then transfer to peeps for a real hard tangible asset in hand. ( Thank you Stackers!!!!!!!)
    Alt coins have been 1000 baggers!

    @Altima as you see above It is so true!

    A small p.s.
    I have been burnt by digital coin exchanges mintpal & cryptsy!
    It is never all smooth sailing and vermin pray on peeps in these channels of SS to!
    Specail secret message - YOU KNOWN WHO YOU ARE! see if you can redeem yourself?
    Please Note and See *

    SB
     
    Last edited: May 23, 2017
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  16. TreasureHunter

    TreasureHunter Well-Known Member

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    You can then transfer them to me, here: 1N6S8Yg2Q2jU67DV8oCZiNHSSWzrq9nJ48
     

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