Are you ready for the Halving ??? Not that Halving, the PRICE Halving of Bitcoin - page 4.

kryptqnick

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Quote from: HardFacts on March 18, 2020, 09:39:47 AM

1. IF BitCoin was a safe haven or " Digital Gold ", this economic crisis is the PERFECT environment for BitCoin to go up, and even skyrocket...

2. BitCoin price is CRASHING in its first test in a crisis, so much for the " Digital Gold " BitCoin as a safe haven narrative... REALITY: More people are selling BitCoin than buying it in this crisis, hence the price drop.

3. BitCoin was initially pumped up as alternative to Fiat Currency, to use for everyday Transactions... When that false narrative of using bitcoin as money failed, they changed the narrative to BitCoin as " Digital Gold ". Now the narrative of BitCoin as a safe haven is rapidly falling apart... How many times do you have to be fooled before you start to figure it out ?

4. The last 10 years of BitCoin has been an Economic Bubble and good times, where everything was going up and could not lose. EVERYTHING IS DIFFERENT NOW. The good times of the last 10 years are OVER. Anyone staying in the stock market, or BitCoin, or anything else that went up in good economic times is going to be in for a very hard life lesson Cry

Hard Facts

1 - That one's true, I think.
2 - For now, Bitcoin is failing as Save haven, I agree. However, I believe that things might change in the future. The situation with COVID-19 is extraordinary, and no wonder people are panicking. It's not just Bitcoin that's going down, it's everything. But I do hope that they'll soon realize that Bitcoin is one of their couple of options (if not the only one) to save their money right now. So perhaps we just have to wait a few months for that.
3 - No narrative has fully failed, not everyone supports the 'Bitcoin is Digital Gold' approach and rejects 'Bitcoin is an alternative to fiat' one.
4 - We don't if it's over or not. Major drawbacks have happened before, and this could just be one of them.

kentrolla

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Mate, itseems you are aggressive after the dump of BTC and I am sure this will not spoil the reputation of crypto Grin

economic crises is happening every where not only in crypto market. Situation has worsened and the corona scare has impacted most of the countries and the economy as well, react according to the time and situation mate I hope you know about the nature of crypto currency and that's the reason it's called extremely " volatile "...

HardFacts

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Quote from: The Sceptical Chymist on March 18, 2020, 11:07:44 AM

It's not a safe-haven asset, and one would be silly in thinking it is one. I would also add that if you had any such thoughts prior to this coronavirus outbreak, the market volatility has just proven that it is not.

Your statement PROVES beyond any doubt your total ignorance about BitCoin and how it was being marketed on CNBC, and all over the place as " Digital Gold " and a safe haven asset:

https://www.ccn.com/heres-how-bitcoin-can-bring-digital-gold-narrative-back-to-life/

https://www.coindesk.com/bitcoin-no-longer-looks-like-digital-gold-by-one-measure

https://zycrypto.com/bitcoin-is-digital-gold-and-the-upcoming-halving-will-make-it-more-potent-as-a-store-of-value-coinbase/

Google it...

HardFacts

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Quote from: Lucius on March 18, 2020, 09:54:33 AM

I don't understand your sick obsession with saying something to someone xx times, for exactly which reason?

Just like your and everyone else here with their " sick obsession " of promoting and pumping up BitCoin Huh

You accuse me of saying something XX times, when you guys post to pump up BitCoin much more often than I ever do... Google the word HYPOCRISY and learn its meaning.

Hard Facts

The Sceptical Chymist

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Quote from: bgaf on March 18, 2020, 09:52:31 AM

It seems that your hard facts are influenced by grudge too.

Agreed, and OP is being a scuntmuffin in my bicycle thread, too. I'm looking for helpful suggestions, and I'm already aware that not many retailers accept bitcoin but he keeps on with this anti-bitcoin stuff. Makes me wonder if he got burned in the market at some point.

Quote from: gentlemand on March 18, 2020, 10:02:19 AM

Dear Hard, the more fervent you are the more people will tune you out.

Especially on a forum about bitcoin. If you're going to be an anti-bitcoin drum-beater, at least be amusing like kwuckduck was (and I wonder where he went to, btw).

Quote from: HardFacts on March 18, 2020, 09:39:47 AM

1. IF BitCoin was a safe haven

It's not a safe-haven asset, and one would be silly in thinking it is one. I would also add that if you had any such thoughts prior to this coronavirus outbreak, the market volatility has just proven that it is not.

cryptogod322

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I already felt this miracle of halving on myself, I just lost all my money in a recent fall. However, I still believe that Bitcoin will return its value and eventually become a refuge during the global crisis.

xiboothrezi

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Come take a cup of coffee and make your mind relaxed. Nothing is perfect, especially in the face of a crisis like this, the global economy is deteriorating due to a pandemic. In this case, health is more important than assets, most people choose to prepare fresh funds to support life in the midst of this pandemic. Panic arises, the market falls apart, but we know that this is only temporary,
Well, during this decade, BTC doesn't always go up, right? so this deep decline is also normal, just wait and see, if there are fundamental factors that support there will definitely be a bounce, and make sure at that time you don't say: Wow!

avikz

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Quote from: HardFacts on March 18, 2020, 09:39:47 AM

1. IF BitCoin was a safe haven or " Digital Gold ", this economic crisis is the PERFECT environment for BitCoin to go up, and even skyrocket...

If someone is claiming a volatile asset like bitcoin as a safe heaven - God help them! Gold can be considered as a safe heaven but not bitcoin. I am sure, old members of this community will say the same thing.

Quote

2. BitCoin price is CRASHING in its first test in a crisis, so much for the " Digital Gold " BitCoin as a safe haven narrative... REALITY: More people are selling BitCoin than buying it in this crisis, hence the price drop.

That's obvious! But do you know that 117 million worth of bitcoins sold off by Plus Token scammers which actually led the market to collapse? Read below,

https://cryptoslate.com/chinese-scam-plustoken-is-moving-117m-in-bitcoin-research-firm/

Your remaining points have been discussed million times here without any conclusions. Price of bitcoin was always fluctuative. There's no way we can have a stable price here. We just need to learn to ride the wave to make money!

gentlemand

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Dear Hard, the more fervent you are the more people will tune you out.

If you want to break our spirit then you have to be rather more insidious than a relentless spew of puerile squeaking. That way lies the ignore button.

Lucius

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I'm always ready for anything, even on that price of BTC drop to 0. I don't understand your sick obsession with saying something to someone xx times, for exactly which reason? Anyone can do whatever they want with their money, invest it in BTC, left in the bank or use it for kindling fire on which will bake barbecue, what problems do you have with these facts?

Stop wasting your and our time and find yourself some other interest, you will not change anything.

bgaf

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It seems that your hard facts are influenced by grudge too.

Bitcoin halving is a normal event for bitcoin, and looking forward to this somehow give some investors a chance to see its potential.

Quote from: HardFacts on March 18, 2020, 09:39:47 AM

1. IF BitCoin was a safe haven or " Digital Gold ", this economic crisis is the PERFECT environment for BitCoin to go up, and even skyrocket...

No one said its a safe haven. There are always risk on cryptocurrency investment. If bitcoin is as you imply then why thr price go down. People got affected by a crisis and I think none sector can escape its effect even whatever safe haven it is.

Quote from: HardFacts on March 18, 2020, 09:39:47 AM

How many times do you have to be fooled before you start to figure it out ?

Its not a fooled events but too much expectation on everyone else. We know how volatile it is, so dont think it always favor our course, sometime what must comes up must go down. Thats the way it is, and its happening even in the past. This is just a normal pacing on bitcoin's complicated adventure.

fudster

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Did anybody notice this guy sounds like Peter Schiff who asked help from the internet because his BTC wallet forgot its password? Grin

Peter was also the one who kept declaring btc has no value that is a waste of energy and all.

Well what you are saying is true though. The next halving could be worst so watch for it and dump yours after another price halving.

HardFacts

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Activity: 434

Merit: 29

1. IF BitCoin was a safe haven or " Digital Gold ", this economic crisis is the PERFECT environment for BitCoin to go up, and even skyrocket...

2. BitCoin price is CRASHING in its first test in a crisis, so much for the " Digital Gold " BitCoin as a safe haven narrative... REALITY: More people are selling BitCoin than buying it in this crisis, hence the price drop.

3. BitCoin was initially pumped up as alternative to Fiat Currency, to use for everyday Transactions... When that false narrative of using bitcoin as money failed, they changed the narrative to BitCoin as " Digital Gold ". Now the narrative of BitCoin as a safe haven is rapidly falling apart... How many times do you have to be fooled before you start to figure it out ?

4. The last 10 years of BitCoin has been an Economic Bubble and good times, where everything was going up and could not lose. EVERYTHING IS DIFFERENT NOW. The good times of the last 10 years are OVER. Anyone staying in the stock market, or BitCoin, or anything else that went up in good economic times is going to be in for a very hard life lesson Cry

Hard Facts

Topic: Are you ready for the Halving ??? Not that Halving, the PRICE Halving of Bitcoin - page 4. (Read 737 times)