Bitcoin could loose 90% of its value - page 2.

NavI_027

full member

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Here we go again, another fearless forecast coming from one of the antagonists of bitcoin Roll Eyes

I understand that he call btc a classic bubble because haters of it usually say that, but the moment he predicted that it will go down to $1k -$3k per coin, I think he's crazy Cheesy

I'm not saying that his prediction is impossible to happen, what I'm saying is btc will take a lot of time and will undergo a lot of circumstances first before this may happen.

alyssa85

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I think what he doesn't understand is that the main thing underpinning bitcoin at the moment is that it isn't correlated with other assets.

Witness the bond market sell off in recent days. Witness the nervousness that stocks will fall as the Fed hikes interest rates.

Over the last year you had loads of assets moving in concert, which is a nightmare for hedge funds because the whole point of them is that they hold uncorrelated assets. Hence the interest in bitcoin.

carlisle1

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Quote from: weav on January 22, 2018, 07:19:22 PM

Quote from: QuestionAuthority on January 22, 2018, 07:14:57 PM

That’s a “make me a hero” prediction. If it happens he’s the big hero. If it doesn’t happen no one will remember he said it. If they do remember he can just say it might take a little longer do to bla bla bla.

I agree , people have been saying this since bitcoin got in the public eye. Not that it is or isn't true what he is saying just that he has no way to know if and when it happens.

everyone is entitled to say anything its our freedom,but always remember that because its free,you will say everything even it see to make you fool,..if he can predict bitcoin could lose 90% or its value,so better to say that the who crypto will collapse since bitcoin is the highest valued coin..

For me it will never ever going to happen.let us time tells what will be the future is what is important now that we do our business here,gain as much as you can.so if things becomes possible we are ready to face such

ballexplorer

member

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The bad news against the BTC is getting more and more. Governments worldwide have already announced and implemented regulations.
Now threatens also danger from the ranks of the crypto world

stashi

newbie

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90% from 19K level, yeah.. check how much he has invested behind the screens

I bet investments from these behemoths are certain in bitcoin, for the external world they want to appear straight jacketed, rule book guys who are with the banks and large corporations.
When the blasphemy ends you will see the same folks with loads of bitcoins lining up in the exchanges.

Axelion

newbie

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Forget that greedy fools from wall street.
What if you had a power to change the price a little bit. They bringing the bad news and start buying.
And later you will cry over it why you didn't buy.
Fresh investment coming to crypto everyday. What are you afraid of.
Imagine that you own a bakery and everyday people buying your products. And every 3 months that multiplying with a few times.
July 2017 market cap value 50 billion, February 2018 market cap value 500 billion, and between that period people constantly saying that Bitcoin is dying.
What more proof do you need more?

Braggar25

newbie

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Hate to admit it, but I believe that Bitcoin is losing its value everyday because of the many unserviced transactions and high fees.. People have started to avoid Bitcoin for micropayments.

moiseeva

jr. member

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In case it happens, I guess a lot of alt coins will also disappear from the market.

RonJohannson

newbie

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Sounds like he is comparing this to prior bubbles. It's a lazy comparison, it's like saying my friend got fat from eating cake and you will too. Well if I'm training to run the Boston marathon for the 10th time maybe I'm not going to get as fat as your lazy friend.

Bitcoin can solve a problem, unlike Dutch tulips and collateralized debt obligations, and so the interest will remain.

semarmesem195

member

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Quote from: Cryptoshops on January 22, 2018, 07:05:11 PM

Wall Street veteran Peter Boockvar warns that Bitcoin could loose 90% of its value

Wall Street veteran Peter Boockvar predicts an epic crash will hit the cryptocurrency market.

He isn't sure if it'll come to a grinding halt or be a slow and steady drop — but he says it's coming.

Boockvar, chief investment officer at Bleakley Advisory Group, is certain crypto is in a giant bubble, and the air is already coming out.

"When something goes parabolic like this has, it typically ends up to where that parabola began," he said on CNBC's "Futures Now."

Boockvar, a CNBC contributor, contends bitcoin is in danger of dropping 90 percent from current levels. He calls it a classic bubble.

"I wouldn't be surprised if over the next year it's down to $1,000 to $3,000," he added.

Once the cryptocurrency market cracks, he contends, investor attitudes toward risk assets will change. According to Boockvar, the stock market could see collateral damage, but it would all be based on psychology — not on anything that's fundamentally wrong with the economy.

https://www.cnbc.com/2018/01/19/bitcoin-could-lose-90-percent-of-its-value-wall-st-veteran-boockvar-warns.html

I think it takes a very strong instinct to prove the event will happen or not. Then what about Dump and Pump? Does it have no effect in crypto ?. If that does not function anymore, then i think crypto will gradually crumble or maybe it will disappear.
I don't think it will happen because now this technology is not extinct but even more sophisticated. For example bitcoin mining is getting more and more sophisticated.

paul00

sr. member

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Quote from: audrey12 on January 23, 2018, 03:02:19 AM

Everyone is free to make their predictions as to what futures of bitcoin could finally have but none of us can tell what exactly will going to happen next. Even if the value of bitcoin can loose up to 90% I don't think many people will be affected because majority now are holders and those who earn bitcoin actually convert them right away so for those holder I'm sure they will only take the drop as an opportunity for investment and will believe that bitcoin will always recover.

Yes youre right everyone can tell their opinion and who knows what will the bitcoin value in the near future maybe its the end or it will rise again but in the current situation I'm sill holding my bitcoin and wait for the comeback of it.

audrey12

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Everyone is free to make their predictions as to what futures of bitcoin could finally have but none of us can tell what exactly will going to happen next. Even if the value of bitcoin can loose up to 90% I don't think many people will be affected because majority now are holders and those who earn bitcoin actually convert them right away so for those holder I'm sure they will only take the drop as an opportunity for investment and will believe that bitcoin will always recover.

raniadaling

newbie

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Merit: 0

Well, that's one very bold prediction right there. I know it is part of the game the oscillating values, but to think that it will crash right there and then to as much 90%?! that's pretty dense and bold. Tell em, I don't buy what you're selling.

It may be a part of propaganda to discourage investors, pull out assets, market grow weak, many will follow pulling out assets, market grow even weaker, and eventually crashes, and prediction fulfilled! Grin

So hold out your horses guys! heheh

Hooli1

newbie

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It most likely to happen. users that invested already in Bitcoin deny anyone who tell them otherwise.
they want to be rich and be rich fast and where their money invested their feelings involve too.
this is why i take for granted opinions from investors.

Toden1379

full member

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Everyone is entitled to their own opinion but the thing that gets me is why these kinds of prominent people in the financial industry have to air their own in public? I mean can't they just keep their negative opinions to themselves? Or are they necessary to drive the market in some way as to make it grow like what's happening to BTC. Price goes down and lots of investors grab the opportunity then it goes up again. Maybe they are necessary as to not stagnate the market.

Rhaiyah

newbie

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Quote from: Dexion on January 23, 2018, 02:16:48 AM

Quote from: tegarp90 on January 22, 2018, 08:45:03 PM

famous people keep againts bitcoin and said negatively about bitcoin. i'm sure someone pay them or themself want to buy his own bitcoin with low price

yes, I agree with you, many people hate bitcoin, and even against bitcoin, today they are happy because bitcoin loses 90% of its power, but when bitcoin gets back up, i'm sure bitcoin will load them cry and regret.

those people who hate bitcoin is the people who buy bitcoin in high price ,that's one of the reason why some people hate bitcoin it's because they dont get profit and the worst is they lose their money.

Maxson

newbie

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Investor of bitcoin should be strong, no market is always stable,the prediction is for more patronages and soon it will pump as never .

procc

newbie

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When it was 20k, almost no one believed that bitcoin could go down 50%.
Today almost no one believes that it will go down 90%.

Dexion

full member

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Quote from: tegarp90 on January 22, 2018, 08:45:03 PM

famous people keep againts bitcoin and said negatively about bitcoin. i'm sure someone pay them or themself want to buy his own bitcoin with low price

yes, I agree with you, many people hate bitcoin, and even against bitcoin, today they are happy because bitcoin loses 90% of its power, but when bitcoin gets back up, i'm sure bitcoin will load them cry and regret.

ThorWin

newbie

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Merit: 0

I do not believe bitcoin loses 90% of its value. This is unbelievable, currently due to the influence from China and Korea, the bitcoin price has dropped, but recent information Korea has not closed the domestic bitcoin trading floors and bitcoin prices are currently increasing. Again, this sign indicates that the bitcoin is recovering, the bitcoin value will not drop to 90% as you think.

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