Post
Topic
Board Trading Discussion
Re: Cryptocurrency Crash
by
himtater87
on 15/10/2018, 11:30:25 UTC
I am now seeing twitter alive with people giving away coins etc
Say what?  If people are giving away bitcoin, let me know when and where.

People have been saying bitcoin is dead probably since day 2 of its existence.  Don't pay any attention to them.  Right now it's sitting pretty at just about $6500, and that's much higher than what it was in 2015 when I first bought bitcoin.  That's a hell of a gain, although not for me since I didn't buy at that point and hold it like I should have.  Hindsight is 20/20.

Don't mistake bitcoin for the rest of the crypto market.  There are way too many coins on the market, and most of them are destined to be in the Yobit 1-satoshi graveyard in a year or so, maybe sooner.  Nobody is ever going to use shitcoins for anything other than trading, and most of them aren't even going to be useful for that eventually.  In fact, if you take a look at all the coins that are offered on exchanges like Yobit, you'll see that many of them have ZERO buy orders, so even if you held a huge amount of shitcoin X, you'd never be able to sell it, even for 1 satoshi.  They're totally useless.

I do think a crash is coming, but not for bitcoin.  What's going to crash is the ICO market, followed by altcoins.  Once people finally wake up and realize there's no reason to own any of them, they'll sell and the price will tank.  Don't know when that's going to happen, but I'm nearly certain it will eventually.
Those dishearten people give such statements that lose their money due to their wrong and abrupt decisions. I think these news misguide people and there is nothing to be worry about the future of cryptocurrency. Cryptocurrency is the future currency and we must admit this fact. All other currencies will disappear from the market but crypto especially bitcoin will be there.