Post
Topic
Board Trading Discussion
Re: Cryptocurrency Crash
by
Maslate
on 20/10/2018, 06:27:35 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.

I agree with you. I would not think these posts you saw were legit, no one in the right mind would give their coins away for free. AND, no this is no the end of crypto!!!
Though the forum is great for sharing ideas and gaining knowledge but somehow in the course of discussion, I find unauthentic and free of wisdom comments for their own personal interest which should not be practically applied in business otherwise one can incur loss.

This is the reason why we should not believe everything we go through. Besides, crash in the crypto market is not the end of the world, for it’s a cyclical phenomenon that repeats over and over again.
Most of the post we read here is based on our opinion but that opinions makes this forum more popular.
Bitcoin may rise or fall but we do not know when exactly it will happen, we invest because we believe but that is just based on our analysis, so if someone
would say that bitcoin will crash just stay away and don't believe.