Just to let you guys know a big crash is coming in 2016 in the economy. There is going to be a huge financial crisis but it will be worse than 2009.
The bitcoin price will skyrocket to over $10,000. However bitcoin will be banned in all western countries. If you are reading this living in the west you should make preparations to move to Russia or China they are the only places you will be safe owning bitcoins.
The crisis will be so big it will destroy entire countries and in 2017 there will be a civil war in the USA, UK and western europe. After this the world will never be the same again it will change so much by 2020 it will be unrecognizable compared to today.
it seems that it will not happen again because they has become a developing country and better than ever.
It's the Big crash FUD that never happened ...lol..I don't know why some people fancy running down bitcoin or anything surrounding bitcoin for their own perroquial interest. Was that a prophecy or a joke?
Lol they probably want to cause panic so they can buy at a dipped price much like what jamie dimon din a month ago. Funny really since after everything, bitcoin keeps on hitting ath after ath.
Exactly! They want others to panic so that the price will drop then they will take that chance to buy and invest in bitcoin.
Theres nothing wrong with distribution and circulation within the monetary base. The thing that abates crashes that are damaging or large unexpected, with high volaility is the smaller sell offs. From what I can remember even in the last six months, didnt we have quite a few sell offs and much doubt from various news like China banning ICO and other negatives.
I think Vietnam banned bitcoin the other day, Venezula doesn't allow it and probably quite a few places now do their best to discourage plain trading. USSR didnt allow Dollars either as it was seen to undermine the Rouble but it carried on because of the people. That's all the matters in terms of capitalism is that a product, service or any commodity has a purpose and utility to ordinary people. Giant business, governments don't matter nearly as much and really the bedrock of any gains with Bitcoin must come from the smallest of its users.
Thats where I give most concern, transaction fees must allow the smallest users to continue selling and buying and selling again if they so desire. All of it is a positive so long as its a liquid flow, the real negative is not a sell off but a freeze up and that well may precede any actual problem.
I hope people in various positions of control, those most entrenched within crypto who have choices in direction for BTC protocol, recognise a steady market (and gains, value even) comes from regular business not peaks down or up.
https://www.theregister.co.uk/2017/10/30/vietnam_bans_bitcoin_as_payment_for_anything/