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Showing 11 of 11 results by NewCryptonian
People buy lottery ticket all the time, thats total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.
Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you wont see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonalds trying to earn it back!
Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you wont see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonalds trying to earn it back!
Re: bitcoin is most likely going to die, here is why...
i only need one reason to know your comment here is bullshit and to ignore you, and that is the fact that you took the time to come to a bitcoin forum, sign up and tell us that bitcoin is going to die! LOL.
based on your comment and your 1-3 bullshit reasons you are an altcoin bag holder who has fallen for the advertisement and you thought you are going to be rich but now you are getting dumped on and you are losing a lot of money.
based on your comment and your 1-3 bullshit reasons you are an altcoin bag holder who has fallen for the advertisement and you thought you are going to be rich but now you are getting dumped on and you are losing a lot of money.
I care about you and dont want you to lose your home and your shirt, thats why I warn you to sell now! Its going way down and another crash seem to be coming
Re: bitcoin is most likely going to die, here is why...
fiat currencies will not be replaced totally by the crypto currencies. even though crypto currencies is too risky, with the time it will be also improved to reduce the risk. we cannot say this is not practicable since in Japan there are places that can pay with BTC. it will take time to compete against fiat currencies. but my opinion is that the BTC will be the main currency in future trading(like usd is the dominance in current world tradings). correct me if i am wrong
You are wrong. There, corrected.
USD is backed by the number 1 economy in the world. BTC is backed by..... oh, nothing.
There will be millions of crypto currencies if people really want to create them, in fact its so easy to create exact same bolockchain as BTC. Nothing unique there
Re: bitcoin is most likely going to die, here is why...
Crypto currency might serve a purpose in the future, but that doesnt mean bitcoin will. Another crash is coming I am afraid. New cryptos will wipe out bitcoin, its going down to $1
Just like new computers constantly replace older ones.
Just like new computers constantly replace older ones.
Re: bitcoin is most likely going to die, here is why...
Its more than obvious that this thread is only meant to be in here to create more FUD and to make the price drop, so do not pay attention to this guys
And yet you can't come up with good answers to the problems that I listed, if you can prove me wrong I am all for it. After all, I am open to new ways to make money regardless of how it is done, whether by buying virtual currency or buying a piece of poo.
The price is still good for me because I bought bitcoin when its around $3k so basically even if its dump on this level again I will not sold my bitcoin. Yes, the whales want us to panic and dump everything we have so they can buy at a cheaper price, so better to be patient than to be a victim of those greedy whales.
holy smokes, you mean you bought your bitcoin at 3k, and didn't sell when it hits 19k USD?!?! omg man how much money have you missed out!!! the pain!!!
Re: bitcoin is most likely going to die, here is why...
Are you sure bitcoin is going to die because of these reasons. Bitcoin is the most unique techology that has ever happened to the finanncial sector. Bitcoin for striving for 9 years , It wont die like other inventions.
by Unique you mean like Litecoin, Ripple, Ethereum, Dash, Zcash, NEM and the 100 other cryptocurrencies ready to go public ......oh wait how is bitcoin unique again?
I do not own any bitcoin, but I knew about bitcoin 6 years ago, before most people even heard about it. Except I didn't buy it then, I was wrong about that prediction. So I am trying to see if I can make some money now.
But looking into the future, I am still not convinced about bitcoin. Before anyone get all defensive, I would like to know WHY you think it will go up. Because I would like to make some money too.
In my view, there are several problems:
1. Bitcoin value is all based on sentiment. Most people say it is under valued now, but that is only a reflection of how you feel about it. And this is fine, because in comparison most stock prices are irrational as well (especially these days). people make lots of money buying over valued stocks. But the problem I see is that the fear-of-missing-out sentiment has passed. Almost everyone know about bitcoin now. And they also know Bitcoin has dropped 70% of the value since its highest peak? Once someone get burned by something, the others will be a lot more cautious. And when people become rational about a investment that is built on sentiment, that is a huge problem for future growth. there are many examples of puffed up stocks crashing down to earth, and never to recover its value. The ones that can recover and soar in the long run all have great business fundamental to support its value, in other words "making money".
2. Bitcoin is no longer unique. Regardless of what people say, bitcoin is not like gold. Sure, the amount of bitcoin is finite, but it is not unique compared to other cryptocurrency. The only thing special about it, is the name itself. And there are tons of new cryptocurrencies now, and people can create infinitely more types, IF it is profitable. Correct me if I am wrong, what is the fundamental difference between a "bitcoin" and a "ripple" other than the value? nothing at all.
3. technology risks. There is always a possibility a more advanced cryptocurrency will emerge and completely outshine bitcoin. I believe there are already some cryptocurrency that transact faster than bitcoin? Not sure of the detail but I have read it somewhere. And when it happens again and again bitcoin will be wiped out. Remember we used to use CDs? tapes? camera films? Bitcoin was created almost a decade ago, that is a lifetime ago in the technology world.
other issues: practicality, and safety. It doesn't actually make paying for something easier, and some argue this is safer than traditional banking, well just look at the news of people lost coins or got hacked.
I do think it is possible for bitcoin to go up (not skyrocket though), but it seems the headwind is getting really strong. So why do you think you should hold on? Instead of just saying "it will go to the moon", "it will change the world", please provide reason.
But looking into the future, I am still not convinced about bitcoin. Before anyone get all defensive, I would like to know WHY you think it will go up. Because I would like to make some money too.
In my view, there are several problems:
1. Bitcoin value is all based on sentiment. Most people say it is under valued now, but that is only a reflection of how you feel about it. And this is fine, because in comparison most stock prices are irrational as well (especially these days). people make lots of money buying over valued stocks. But the problem I see is that the fear-of-missing-out sentiment has passed. Almost everyone know about bitcoin now. And they also know Bitcoin has dropped 70% of the value since its highest peak? Once someone get burned by something, the others will be a lot more cautious. And when people become rational about a investment that is built on sentiment, that is a huge problem for future growth. there are many examples of puffed up stocks crashing down to earth, and never to recover its value. The ones that can recover and soar in the long run all have great business fundamental to support its value, in other words "making money".
2. Bitcoin is no longer unique. Regardless of what people say, bitcoin is not like gold. Sure, the amount of bitcoin is finite, but it is not unique compared to other cryptocurrency. The only thing special about it, is the name itself. And there are tons of new cryptocurrencies now, and people can create infinitely more types, IF it is profitable. Correct me if I am wrong, what is the fundamental difference between a "bitcoin" and a "ripple" other than the value? nothing at all.
3. technology risks. There is always a possibility a more advanced cryptocurrency will emerge and completely outshine bitcoin. I believe there are already some cryptocurrency that transact faster than bitcoin? Not sure of the detail but I have read it somewhere. And when it happens again and again bitcoin will be wiped out. Remember we used to use CDs? tapes? camera films? Bitcoin was created almost a decade ago, that is a lifetime ago in the technology world.
other issues: practicality, and safety. It doesn't actually make paying for something easier, and some argue this is safer than traditional banking, well just look at the news of people lost coins or got hacked.
I do think it is possible for bitcoin to go up (not skyrocket though), but it seems the headwind is getting really strong. So why do you think you should hold on? Instead of just saying "it will go to the moon", "it will change the world", please provide reason.