Topic: Big Crash coming - page 46. (Read 115401 times)

Quote from: Gaswuwade on August 20, 2016, 03:50:48 AM

3. Bitcoin won't be banned in western countries, in fact Russia is country being closest to banning bitcoin. Not because they hate it, or think it is harmful because national security can be harmed.
But mainly because they are so insecure about their own currency - Ruble

Obviously, you don't understand how things work, especially in Russia. If the government decides to outright ban Bitcoin (which they still refrain from doing after so many talks and speculations, mind you), people will get seriously interested and may actually start buying into this thing called Bitcoin. Since it is considered as a given that if government decides to ban something like the US dollar (there were precedents), peeps get agitated, rumors start circulating - the conclusion inexorably being that the authorities wouldn't ban something which they weren't afraid of...

This is surely not what the gov presently needs, just because "they are so insecure about their own currency"

When the government ban the bitcoin, it means the bitcoin is useful and valuable. People will buy it instead.

But wouldn't speculator bring the price down as soon as a country bans it?

Banned substances usually gain not lose in price and value after having been banned, since you will have to pay a risk premium to those greedy speculators. Besides, the more things are forbidden, the more popular they become...

And one should never forbid what one lacks the power to prevent

I like your point, when bitcoin will be ban the more we are using it because we are not satisfied the reason why it should be ban. Maybe it will just be a threat of the personal interest of the government for their country to ban bitcoin as they are afraid it will be use widely and businesses like remittances and banks will no longer profit.

Thats why the most countries are trying to avoid take any position related to bitcoin, if they ban the interest on that country should raise if they allow people will use it to save their money, countries looks like has no way to avoid bitcoin impact.
Sure someone pumped bitcoin before halving letting several people dreaming with the 800 dollars or even more, people didnt realized bitcoin halving price should be around 500-600 dollars has nothing important besides halving happened to bitcoin.

batang_bitcoin

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It will take a very long time to reach back over $1000 in my opinion.

I don't believe that it is going to take a very long time before it is going to reach $1,000. And I don't believe that there is going to be a big crash to come too because the crash did happened already when the bitfinex security was breached. That's why instead of we are going to hope for the big crash, we are going to hope for big pump.

Gaswuwade

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It will take a very long time to reach back over $1000 in my opinion.

freedomgo

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Quote from: deisik on August 19, 2016, 03:20:23 PM

Quote from: mamichula on August 19, 2016, 03:17:17 PM

Quote from: mamichula on August 19, 2016, 03:17:17 PM

3. Bitcoin won't be banned in western countries, in fact Russia is country being closest to banning bitcoin. Not because they hate it, or think it is harmful because national security can be harmed.
But mainly because they are so insecure about their own currency - Ruble

Obviously, you don't understand how things work, especially in Russia. If the government decides to outright ban Bitcoin (which they still refrain from doing after so many talks and speculations, mind you), people will get seriously interested and may actually start buying into this thing called Bitcoin. Since it is considered as a given that if government decides to ban something like the US dollar (there were precedents), peeps get agitated, rumors start circulating - the conclusion inexorably being that the authorities wouldn't ban something which they weren't afraid of...

This is surely not what the gov presently needs, just because "they are so insecure about their own currency"

When the government ban the bitcoin, it means the bitcoin is useful and valuable. People will buy it instead.

But wouldn't speculator bring the price down as soon as a country bans it?

Banned substances usually gain not lose in price and value after having been banned, since you will have to pay a risk premium to those greedy speculators. Besides, the more things are forbidden, the more popular they become...

And one should never forbid what one lacks the power to prevent

I like your point, when bitcoin will be ban the more we are using it because we are not satisfied the reason why it should be ban. Maybe it will just be a threat of the personal interest of the government for their country to ban bitcoin as they are afraid it will be use widely and businesses like remittances and banks will no longer profit.

deisik

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3. Bitcoin won't be banned in western countries, in fact Russia is country being closest to banning bitcoin. Not because they hate it, or think it is harmful because national security can be harmed.
But mainly because they are so insecure about their own currency - Ruble

Obviously, you don't understand how things work, especially in Russia. If the government decides to outright ban Bitcoin (which they still refrain from doing after so many talks and speculations, mind you), people will get seriously interested and may actually start buying into this thing called Bitcoin. Since it is considered as a given that if government decides to ban something like the US dollar (there were precedents), peeps get agitated, rumors start circulating - the conclusion inexorably being that the authorities wouldn't ban something which they weren't afraid of...

This is surely not what the gov presently needs, just because "they are so insecure about their own currency"

When the government ban the bitcoin, it means the bitcoin is useful and valuable. People will buy it instead.

But wouldn't speculator bring the price down as soon as a country bans it?

Banned substances usually gain not lose in price and value after having been banned, since you will have to pay a risk premium to those greedy speculators. Besides, the more things are forbidden, the more popular they become...

And one should never forbid what one lacks the power to prevent

mamichula

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Quote from: Mauser on July 28, 2016, 03:49:45 AM

3. Bitcoin won't be banned in western countries, in fact Russia is country being closest to banning bitcoin. Not because they hate it, or think it is harmful because national security can be harmed.
But mainly because they are so insecure about their own currency - Ruble

Obviously, you don't understand how things work, especially in Russia. If the government decides to outright ban Bitcoin (which they still refrain from doing after so many talks and speculations, mind you), people will get seriously interested and may actually start buying into this thing called Bitcoin. Since it is considered as a given that if government decides to ban something like the US dollar (there were precedents), peeps get agitated, rumors start circulating - the conclusion inexorably being that the authorities wouldn't ban something which they weren't afraid of...

This is surely not what the gov presently needs, just because "they are so insecure about their own currency"

When the government ban the bitcoin, it means the bitcoin is useful and valuable. People will buy it instead.

But wouldn't speculator bring the price down as soon as a country bans it?

mamichula

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Just a few more months to go.

tyz

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Although, Japan is running one of the most loosing monetary policies in the world, the economy is struggling very much. Few days ago, Japanese office for statistics released that the exports declined by 14% and the imports declined by almost 25% compared to July 2015.
Crash is right ahead.
http://www.cnbc.com/2016/08/17/japan-july-exports-drop-14-percent-on-year-in-line-with-forecasts-imports-tumble-more-than-expected.html

deisik

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Quote from: Ultrabat on July 28, 2016, 03:18:33 AM

Quote from: pearnapple on July 26, 2016, 01:49:19 PM

Quote from: LegendaryMiner on July 26, 2016, 01:28:16 PM

The so-called free lunch they actually have a price and the bills are coming. The question is whether Bitcoin can save us from this chaos or not.

i think bitcoins can save the humanity from financial crisis that is most probably going to happen, i hope bitcoin will replace dollar in the near future

That is a wishful thinking. I think it will take several decades for the bitcoin to replace the US dollar and it is more widely adopted.

Bitcoin will never replace the US dollar because it can't be fully controlled by a governemnt. A government won't give up it control of the money supply.

Just a few posts ago, in the sister thread, I have given an example when a government had to give up the control over money supply. And this government is not the only one having done or been forced to do so in the past...

In short, it works till it doesn't

Mauser

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Quote from: Ultrabat on July 28, 2016, 03:18:33 AM

Quote from: pearnapple on July 26, 2016, 01:49:19 PM

Quote from: LegendaryMiner on July 26, 2016, 01:28:16 PM

The so-called free lunch they actually have a price and the bills are coming. The question is whether Bitcoin can save us from this chaos or not.

i think bitcoins can save the humanity from financial crisis that is most probably going to happen, i hope bitcoin will replace dollar in the near future

That is a wishful thinking. I think it will take several decades for the bitcoin to replace the US dollar and it is more widely adopted.

Bitcoin will never replace the US dollar because it can't be fully controlled by a governemnt. A government won't give up it control of the money supply.

Ultrabat

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Quote from: pearnapple on July 26, 2016, 01:49:19 PM

Quote from: LegendaryMiner on July 26, 2016, 01:28:16 PM

The so-called free lunch they actually have a price and the bills are coming. The question is whether Bitcoin can save us from this chaos or not.

i think bitcoins can save the humanity from financial crisis that is most probably going to happen, i hope bitcoin will replace dollar in the near future

That is a wishful thinking. I think it will take several decades for the bitcoin to replace the US dollar and it is more widely adopted.

pearnapple

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Quote from: LegendaryMiner on July 26, 2016, 01:28:16 PM

The so-called free lunch they actually have a price and the bills are coming. The question is whether Bitcoin can save us from this chaos or not.

i think bitcoins can save the humanity from financial crisis that is most probably going to happen, i hope bitcoin will replace dollar in the near future

LegendaryMiner

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The so-called free lunch they actually have a price and the bills are coming. The question is whether Bitcoin can save us from this chaos or not.

bitcoinisfurture

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So who all think at the current time there is bitcoin slash or crash in the prices coming soon? If you do believe then let us know the reason why it happen since even now halving has passed and the prices are more or less stable

Maesters1-

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first its not looking to me that there is such a big crash expected to the world economy. and the other thing is that if such thing ever happen there will no effect of such crash on bitcoin. and Eurp may not goin git bane bitcoin because even those countries who have already banned bitcoin are now reviewing their decision about bitcoin and they and thinking about to legalize it.

deisik

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Quote from: Doamader on July 25, 2016, 05:50:15 AM

3. Bitcoin won't be banned in western countries, in fact Russia is country being closest to banning bitcoin. Not because they hate it, or think it is harmful because national security can be harmed.
But mainly because they are so insecure about their own currency - Ruble

Obviously, you don't understand how things work, especially in Russia. If the government decides to outright ban Bitcoin (which they still refrain from doing after so many talks and speculations, mind you), people will get seriously interested and may actually start buying into this thing called Bitcoin. Since it is considered as a given that if government decides to ban something like the US dollar (there were precedents), peeps get agitated, rumors start circulating - the conclusion inexorably being that the authorities wouldn't ban something which they weren't afraid of...

This is surely not what the gov presently needs, just because "they are so insecure about their own currency"

When the government ban the bitcoin, it means the bitcoin is useful and valuable. People will buy it instead.

Given the level of globalization today, I guess that no government will dare to outright ban Bitcoin fearing to look a black sheep in the eyes of the rest of the world (only the Kims seem not to care, lol). Though this doesn't mean that they will be quite happy about it and won't at least try to make its use and application more difficult and troublesome for the majority of populace as well as try to discredit it by any means available...

In short, they will do their worst to put as much grit in the machine as possible

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