Off Topic .... Why the Bitcoin price will not go down at all this year
I mean significantly as it will always be a little volatile.
Bitcoin is the best performing investment this year.
Love it or not it is here to stay.
Many investors of the more conventional kind are sitting daily waiting for it fall back to around £4,500 before they load up.
However it can only go up further this year. (Unless Elliptic Curve math cryptography can be broken.)
I am small fry and if it falls back I am getting 3 more.
It will test new highs this week I think.
Never has such a rubbish* investment :biggrin::biggrin: been in such demand.
AJMHO
* as advised to me by many top world bankers.
Re: Off Topic .... Why the Bitcoin price will not go down at all this year
Quote:
Originally Posted by
AlwaysAway2
I mean significantly as it will always be a little volatile.
Bitcoin is the best performing investment this year.
Love it or not it is here to stay.
Many investors of the more conventional kind are sitting daily waiting for it fall back to around £4,500 before they load up.
However it can only go up further this year. (Unless Elliptic Curve math cryptography can be broken.)
I am small fry and if it falls back I am getting 3 more.
It will test new highs this week I think.
Never has such a rubbish* investment :biggrin::biggrin: been in such demand.
AJMHO
* as advised to me by many top world bankers.
I know very little about BitCoin and don't own any but you haven't really explained or justified your statement "Why the Bitcoin price will not go down at all this year".
Re: Off Topic .... Why the Bitcoin price will not go down at all this year
Quote:
Originally Posted by
Robin Friday's Ghost
I know very little about BitCoin and don't own any but you haven't really explained or justified your statement "Why the Bitcoin price will not go down at all this year".
Fair enough.
It won’t go down because the investor demand is colossal.
Soon they will just have to pile in because as I say it is not going down.
😊
Re: Off Topic .... Why the Bitcoin price will not go down at all this year
It will all end in tears
Emperors clothes
Re: Off Topic .... Why the Bitcoin price will not go down at all this year
Quote:
Originally Posted by
Llanedeyrnblue
It will all end in tears
Emperors clothes
That's an odd analogy I think.
The emperor actually had no clothes.
Even Jamie Dimon acknowledges that there is a blockchain AND the bitcoin ALL OF THEM are permanently in the Blockchain.
You can actually view it 100% with a blockchain explorer.
No one could see the emperors clothes.:-)
Re: Off Topic .... Why the Bitcoin price will not go down at all this year
It'll go up because it is in demand, and it is in demand because it'll go up.
That kind of circular logic is fine when everything is rosy, and while usage of bitcoin is increasing then there's no reason to think it wouldn't continue I guess.
The worry would be what happens when usage plateaus or suddenly drops - will the whole thing come tumbling down like a tower of cards?
Re: Off Topic .... Why the Bitcoin price will not go down at all this year
Quote:
Originally Posted by
AlwaysAway2
That's an odd analogy I think.
The emperor actually had no clothes.
Even Jamie Dimon acknowledges that there is a blockchain AND the bitcoin ALL OF THEM are permanently in the Blockchain.
You can actually view it 100% with a blockchain explorer.
No one could see the emperors clothes.:-)
Bitcoin=no value
Re: Off Topic .... Why the Bitcoin price will not go down at all this year
I watched Bitcoin plummet, in August I think it was, to below 1,400GBP from around the 2,500GBP mark. Alas, I couldn't get on board at that time for two reasons ... Coinbase would only allow me a weekly debit card limit of 350GBP (I'm allowed 2,500GBP now) and during that price drop I had about 30GBP:angry:left to spend in my Coinbase account.
The other reason was that the Coinbase site suddenly shut down for "maintenance" purposes! It always does this whenever there's a big price drop in Bitcoin, it happens so regularly that it cannot be pure coincidence. Their (Coinbase's) customer service is absolutely appalling! If anyone's in any doubt about the shocking way they treat their customers then just Google "Coinbase Customer Service reviews.
If the cryptocurrency market were regulated then Coinbase would be shut down - it's this complete lack of faith in them that prompted me to move my Ethereum onto my Nano Leger S. I would advise anyone thinking of buying cryptocurrencies to get some form of cold storage and don't leave the keys to your coins on the exchanges.
The biggest Bitcoin exchange in the world at the time "Mt. Gox" got hacked twice and lost over $460 million of customers' Bitcoins.
https://www.wired.com/2014/03/bitcoin-exchange/
In fact, very few exchanges have escaped the hackers.
Re: Off Topic .... Why the Bitcoin price will not go down at all this year
Quote:
Originally Posted by
Rjk
It'll go up because it is in demand, and it is in demand because it'll go up.
That kind of circular logic is fine when everything is rosy, and while usage of bitcoin is increasing then there's no reason to think it wouldn't continue I guess.
The worry would be what happens when usage plateaus or suddenly drops - will the whole thing come tumbling down like a tower of cards?
It will be interesting to see what happens when it does suffer a hiccup. I am not convinced it would bounce back. Good luck to whoever is investing - but it seems much higher risk than the OP suggests.
Re: Off Topic .... Why the Bitcoin price will not go down at all this year
Quote:
Originally Posted by
Rock_Flock_of_Five
I watched Bitcoin plummet, in August I think it was, to below 1,400GBP from around the 2,500GBP mark. Alas, I couldn't get on board at that time for two reasons ... Coinbase would only allow me a weekly debit card limit of 350GBP (I'm allowed 2,500GBP now) and during that price drop I had about 30GBP:angry:left to spend in my Coinbase account.
The other reason was that the Coinbase site suddenly shut down for "maintenance" purposes! It always does this whenever there's a big price drop in Bitcoin, it happens so regularly that it cannot be pure coincidence. Their (Coinbase's) customer service is absolutely appalling! If anyone's in any doubt about the shocking way they treat their customers then just Google "Coinbase Customer Service reviews.
If the cryptocurrency market were regulated then Coinbase would be shut down - it's this complete lack of faith in them that prompted me to move my Ethereum onto my Nano Leger S. I would advise anyone thinking of buying cryptocurrencies to get some form of cold storage and don't leave the keys to your coins on the exchanges.
The biggest Bitcoin exchange in the world at the time "Mt. Gox" got hacked twice and lost over $460 million of customers' Bitcoins.
https://www.wired.com/2014/03/bitcoin-exchange/
In fact, very few exchanges have escaped the hackers.
Look I am tired of saying this.
Only a complete BOZO would leave their cryptocurrency on an exchange.
Remove it to a private cold wallet.
If you don't know how to do that securely DO NOT BUY ANY.
Re: Off Topic .... Why the Bitcoin price will not go down at all this year
Another South Sea Bubble waiting to burst.
Re: Off Topic .... Why the Bitcoin price will not go down at all this year
Quote:
Originally Posted by
AlwaysAway2
Fair enough.
It won’t go down because the investor demand is colossal.
Soon they will just have to pile in because as I say it is not going down.
😊
Why is the investor demand colossal?
Re: Off Topic .... Why the Bitcoin price will not go down at all this year
The demand is there.
An ETF is about to get launched. This is nothing more than gambling on the price of bitcoin.
The proof of what i think is happening is no more than a few days away by 14th November it will either be much higher than it is today 20% higher or I am completely wrong.
AJMHO
Watch this week.
Before City play again we will have the answer.
NEVER INVEST MORE THAN YOU CAN AFFORD TO LOSE.
Re: Off Topic .... Why the Bitcoin price will not go down at all this year
Quote:
Originally Posted by
Rjk
It'll go up because it is in demand, and it is in demand because it'll go up.
That kind of circular logic is fine when everything is rosy, and while usage of bitcoin is increasing then there's no reason to think it wouldn't continue I guess.
The worry would be what happens when usage plateaus or suddenly drops - will the whole thing come tumbling down like a tower of cards?
At the moment it's simply a short-term investment for most holders of Bitcoin. A gamble that their 'stake' will increase in value over the next few months/years.
To continue to flourish, Bitcoin needs to start being taken up as a payment option by Amazon, Tesco, Microsoft, Sony etc. At that point it will be a true mainstream digital currency. Otherwise, it'll fall apart.
