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Why Bitcoin Will Crash HARD

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Kryptcoy
Guest

*Mike Malloy* should be Mike Maloney
https://www.youtube.com/watch?v=apmw2wFzxfM

Kryptcoy
Guest

After plenty of research on this topic, the pandora’s box has been opened. There are lots of other cryptocurrencies out there now. Even if bitcoin crashes it wll not stop the others. Never put all your eggs in one basket. Back your portfolio up with some silver and gold and a variety of cryptocurrencies. Currently the global kabal still manipulate real estate, metals and fiat system. These other cryptocurrency they don’t and can not. Check out Mike Malloy’s videos on this topic. Do your own research on this topic.

Patriotic+American
Guest

The Jews are pumping it so they can burn it all to the ground and eliminate competition.

Clark+Kent
Guest

Litecoin went up ~400% today… Just sayin…

Wolfgang
Guest
It’s kind of Richard to warn the Altright. Some people say Bitcoin is 21st century gold: it is a store of value, only a finite number is available, it can be mined, etc and real gold is dead. But the fact is there are already hunders of other crypto currencies available, why choose Bitcoin if trhere is Etherum, Lightcoin, etc, No one can come up with or produce “another” gold on the other hand. Considereing that Russian and Chinese central banks are buying gold like crazy in the recent years, I would bet on them and buy physical gold instead… Read more »
Tina Banerjee Chittom
Guest
Tina Banerjee Chittom

It’s the South Sea Bubble all over again!

Hipster Racist
Guest
Spencer is absolutely right when he says that a lot of people are looking to sell, not buy, Bitcoin. In that sense it is most certainly a “bubble.” People talk their book, so people who are telling you that Bitcoin is going to keep going up are saying that because they want to cash out their Bitcoins to you. In the long term Bitcoin, or perhaps a competing crypto, will almost certainly revolutionize finance, it’s already done so. On the other hand don’t forget that these cryto-currencies require a vast technical infrastructure. In practice it is not nearly as decentralized… Read more »
Hipster Racist
Guest
Bitcoin is supposed to be a currency, but it’s not being used that way. Transaction fees are way too high and right now Bitcoin doesn’t scale even close to enough to work as a currency. It cannot compete against SWIFT nor Visa/Mastercard. Goldman Sachs just announced Bitcoin derivatives, which is amusing. I assume that big money is going to short BTC very hard in the next year. So if you’re into it, wait for a crash then start buying the dips. On the other hand it’s certainly possible that Bitcoin is as cheap as it’s ever going to be. That… Read more »
Krafty Wurker
Guest

Couldn’t agree more with Spencer about Bitcoin.

Here’s another way to think about Bitcoin. Most of the real action in Bitcoin are transactions by people who do not want their cash flows traced, or made difficult to trace. For example, international drug dealers, Chinese, Russian and other oligarchs (tax avoidance), spy agencies, politicians, etc. The question is what part of the vast world economy do these types of transactions make up? If you can answer that question then you have a handle on the value of Bitcoin.

Peacekeeper Press
Guest
It’s an interesting question. I know an economist who many years ago wrote a book on what he termed the “grey economy”. It led to much research on this topic of businesses that are somewhat below the radar of the government, but yet not in the “black market”. His innovative ideas spawned a whole new area of economic research. Grey economy would include everything from drug deals to something as innocuous as a barter deal between neighbors where one fixes the others house and the other fixes the first’s car. All these transactions are grey inasmuch as taxes are not… Read more »
Krafty Wurker
Guest

Bitcoin is tiny, almost invisible, compared to forex trading.

aaa
Guest
Hipster Racist
Guest
Anything and everything having to do with cryptography has some level of NSA involvement. It’s their job, it’s what they do. I always found it funny that Tor was started by the Office of Naval Intelligence as a way to hide the internet activity of sailors, and there are NGOs – barely disguised intel agency fronts – that fund not only the Tor exit nodes but also pay for lawyers for people who run Tor exit nodes who have any sort of legal trouble. Crypto-currency has been discussed in finance and the academic world forever, Bitcoin was just the first… Read more »
Peacekeeper Press
Guest
I disagree for two reasons. One of my reasons is substantive. The other reason is silly. But it’s muh silly reason, so I like it. (1) Bitcoin is different than a tech stock investment or a real estate investment. Bitcoin can be used to buy things. So buying Bitcoin is also somewhat analogous to putting money in the bank. People buy government bonds and buy certificates of deposit and hold on to them sometimes for years, rolling them over when they come to maturation. If that is the mindset here, then a substantial portion of investors may be interested in… Read more »
Flocal
Guest

Slowly saving, you realize you still risk losing because of inflation, $5,000 dollars in 2008 would have had the the same buying power as 5,700, so if you have saved that money you lost $700 and turned 5,000 into 4,300

Fulbyggarn
Plus Member

C O P E

Ritter+der+Immaculata
Guest

Greed.

Walt
Guest

Bitcoin may be many things, but one thing it isn’t is anonymous.

1969 in the sunshine
Guest

Not by default. I’ve heard you can ‘tumble’ it for that.

Mihilus
Guest

Problem with this prediction is same as with normal economy. Its growth is unsustainable, its total crash is unavoidable. But the inflation phase may still last for a very long time before this finally happens.

tz1
Guest

The immediate problem I see is when it starts going down, will any exchange have enough cash (dollars, euros, etc.) to exchange bitcoin for cash? Right now they get cash and send a bitcoin – the latter are liquid and easy to get. What happens when there is no liquidity?

DumbDwarf
Guest

The enemy likes to build things up because they fall that much harder. That is what is happening to Bitcoin. It will be destroyed this time next year.