Quote from: 1Referee on June 06, 2018, 01:01:45 PM

Quote from: SimasB on June 06, 2018, 11:35:54 AM

People not morgaging their houses anymore

It was a huge hype, just wait for more adoption in a year or two and the market will rise naturally.

I'm sure that some people might have done it, but the media always likes to exaggerate everything related to Bitcoin. How often do you see the mainstream media report about how especially in Asia, people lose their entire mortgage loan on the stock markets there? I don't ever get to read or see anything about it in the media here, and that while the amount of money that people lost there is in the trillions.

The mainstream media sources are mostly all part of a main company listed on whatever stock exchange, so they don't bother to report about it because it would only work against them. People taking out mortgage loans will help them boast their stock value in the end. To add; more than half of the stock market is bought up with debt, which is quite worrying development. It's nothing new in the end, but the difference is that the debt to non debt capital ratio that's invested in stock market has exploded. It can't and won't end well.

I also believe that in the near future the price will rise again but for that we will have to wait for some time. Many people are emotional and cant wait for long time and sell their bitcoin for low price. This decision is not good for them and for bitcoin as well, because the price decreases and other investors cannot make profits from their holding. False statements, whales cause for fall in the price.