I cashed out to take a break from all the drama. I know it is going to drop again so want to be ready for it. I am still hodling most of my BTC but I would like to be able to take advantage of the market plunge since there is a lot of drama happening with BCH. I am surprised that the USDT (tether scandal) didn't have a larger effect. I would recommend everyone get out of bitfinex. I have some alts there but I am having problems transferring the alts out. Anyway, stay safe everyone and don't risk more than you have.
Maybe most of us already know that bitcoin price could fall anytime. The only question is did you really do it at the right time? I am still hoping for a larger increase before the year ends. I might withdraw after that but now there is still room for an increase even if there is a lot happening out there including bitfinex. Hell the BCH price is still large for me. Some investors might have been still stuck there looking forward for an increase before going back to bitcoin.
Even if the value goes down. It will go up again. That is why a lot of people invest into bitcoin and believe in it. Bitcoin is a coin that won't go down in a long time. So that is why bitcoin will become a popular coin across the globe.
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BoardEconomics
Re: How to teach kids about Bitcoin?
by
Darksnow
on 13/11/2017, 17:06:38 UTC
Well i think that the best thing to do is just let them know that bitcoin is a paying method but it is online only. Then maybe let them look at the forum and explore and see what happens with the market. Eventually they will understand.
In my opinion, the risk in investing bitcoin is so small. Because you bitcoin price is increasing even is unstable. Yes sometimes bitcoin price decreases, but most of the time bitcoin price increase. Over a month it increase to 20-30%. If that case a long term of investment you will earn plenty of money.
I think what you are saying is true because bitcoin is not a stable currency so a lot is goin gon every day it goes up and down in value so that is why i should't risk it to put all of your money on bitcoin but just a small amount.
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BoardEconomics
Re: If Bitcoin had a stable price, would it still be as popular?
by
Darksnow
on 31/10/2017, 09:56:10 UTC
I don't think that if bitcoin had a stable price it would be popular because then the people would't be able to make much money out of it. Everyone is investing in bitcoin because they want to earn money out of it.
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BoardOff-topic
Re: Bitcoin is not gambling
by
Darksnow
on 30/10/2017, 09:18:31 UTC
What do you mean by bitcoin is not gambling? you are gambling all the time with bitcoin because of the instability of the price. Because do you think that bitcoin will give you free money for nothing? The price is unstable and can always go down.