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Topic: Bitcoin can not crash - page 5. (Read 775 times)

full member
Activity: 1582
Merit: 101
May 19, 2021, 09:24:11 AM
#5
From what i have notice people are planning to crash cryptocurrency and if Bitcoin crash what is the benefit of people who is against the development of digital currency, it astonished me that a man called Elon musk is fighting cryptocurrency for no relevant reasons, is that government is using Elon to remove crypto in line of currencies?

I'm afraid of the way all the crypto is reducing in price, now that i join digital cryptocurrency fully with my family and sale some of my properties to invest into crypto, it's when Elon musk will bring scandal into cryptocurrency.

First of all, i think nobody need to sell their valuable wealth to make investment into cryptocurrency as this market is too much volatile. If anybody see today's market and compare my comments will proven there. So I will suggest here come and start your journey here with small amount and gradually be a gainer. We no need to worry about this market rather we should wait for low rate investment those whom already invested, there opportunity to reinvestment and make average in low.
legendary
Activity: 3248
Merit: 1402
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May 19, 2021, 08:39:50 AM
#4
Op, no matter how promising crypto looks for you, don't invest what you can't afford to lose. So obviously it's a bad idea to sell your property (at least, not the house you live in) and to go all-in with cryptos. Musk says he's still bullish on cryptos but just really doesn't like the environmental impact part. It's only vaguely justified, sure, but he has the right to this opinion. It did drive the price down, and then China imposing some restrictions on BTC usage shortly afterward didn't play well for the price situation. It does look to me like the bull market is over, so some further decreases of the price can happen. However, Bitcoin will bounce back eventually, I'm sure of that.
legendary
Activity: 3038
Merit: 4418
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May 19, 2021, 08:18:10 AM
#3
Bitcoin is not a get rich quick scheme. You're treating it as a speculative asset and with that, most of them tends to experience loads of volatility, Bitcoin included. Elon Musk isn't the only reason why Bitcoin is crashing, China is as well.

Not saying that it's great that Bitcoin crashes but at least you're just eliminating those who don't see Bitcoin's utility in the long term. It is stupid to invest in something this risky if you can't afford to lose it.
newbie
Activity: 39
Merit: 0
May 19, 2021, 08:17:38 AM
#2
i am massively buying so there is nothing wrong with it falling as it will rise again
member
Activity: 868
Merit: 38
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May 19, 2021, 08:14:43 AM
#1
From what i have notice people are planning to crash cryptocurrency and if Bitcoin crash what is the benefit of people who is against the development of digital currency, it astonished me that a man called Elon musk is fighting cryptocurrency for no relevant reasons, is that government is using Elon to remove crypto in line of currencies?

I'm afraid of the way all the crypto is reducing in price, now that i join digital cryptocurrency fully with my family and sale some of my properties to invest into crypto, it's when Elon musk will bring scandal into cryptocurrency.
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