Topic: Bitcoin is completing another cycle - when the sun sets it always rises again - page 2. (Read 323 times)
November 26, 2018, 02:05:13 AM
I bought some more Btc today. Nobody can say with certainty whether we hit the bottom - too many unknown variables in this market. Only time will tell. Since I bought in that low, I'll just hold it until I hit my number which could take several years. I think the best thing to do is to buy in low like right now and just hold for a few years. Historically, Bitcoin has gone down 80 - 90% before and always recovered. Let's see what happens.
November 26, 2018, 01:54:26 AM
How will crypto gain trust again if this had already happened? My guess is that this manipulation isn't done by group of people who has no passion for the development of blockchain. Craig Wright is actively speaking on conferences, he didn't give up after months of keeping his mouth shut.
it is money that corrupts everything. and so far it has been easy to make money like a parasite. and that has been what a lot of people have been doing thanks to bitcoin's existence alone. they keep on creating money out of thin air by simply forking bitcoin or creating useless junk called tokens every day.
that much money will also want to exit at some point which causes big crashes. and then we also have the manipulators who want to make even more money by making the crashes even bigger and go against the drop using margin trading and other methods like Futures. and that creates a corrupted environment which won't go away unless the market grows big enough so that they don't have the same power anymore.
November 26, 2018, 12:12:42 AM
The recent decline in the BTC is a good thing for cryptocurrency generally,
i disagree.
the drop from the ATH, aka the bubble was a good thing for bitcoin because it "corrected" the market and made it healthy. this drop however, nothing about it is healthy! it is manipulation.
even if it weren't, still dropping that much in a short time (~45%) and an overall drop of ~80% is making bitcoin look bad as an extremely volatile currency. and that is not good for the future of it.
Well it happened in the past and that could be what's happening right now, although I think that this could be different this time seeing how the miners are in shambles after the sudden crash. I also wouldn't consider bitcoin as a safe asset class overall as it's still prone to these type of crashes without warning or signs.
I just hope your optimism would somehow turn into reality, and we've been into a lot of crashes before, so perhaps it's not bad if we look up in the brighter side.
How will crypto gain trust again if this had already happened? My guess is that this manipulation isn't done by group of people who has no passion for the development of blockchain. Craig Wright is actively speaking on conferences, he didn't give up after months of keeping his mouth shut.
November 26, 2018, 12:01:40 AM
BTC looks cheap.
These prices are not unexpected to me after the last ATH, the one before that, or after the next one as a ratio to USD.
BTC always dumps good from new ATHs and always eventually puts up a new seemingly astronomical ATH again.
To me it looks right on tack and I see nothing to dispute that the chart will eventually dwarf the last pump, as it did the one before that, and the one before that, and the one before that.
These prices are not unexpected to me after the last ATH, the one before that, or after the next one as a ratio to USD.
BTC always dumps good from new ATHs and always eventually puts up a new seemingly astronomical ATH again.
To me it looks right on tack and I see nothing to dispute that the chart will eventually dwarf the last pump, as it did the one before that, and the one before that, and the one before that.
November 25, 2018, 11:53:16 PM
The recent decline in the BTC is a good thing for cryptocurrency generally,
i disagree.
the drop from the ATH, aka the bubble was a good thing for bitcoin because it "corrected" the market and made it healthy. this drop however, nothing about it is healthy! it is manipulation.
even if it weren't, still dropping that much in a short time (~45%) and an overall drop of ~80% is making bitcoin look bad as an extremely volatile currency. and that is not good for the future of it.
Well it happened in the past and that could be what's happening right now, although I think that this could be different this time seeing how the miners are in shambles after the sudden crash. I also wouldn't consider bitcoin as a safe asset class overall as it's still prone to these type of crashes without warning or signs.
I just hope your optimism would somehow turn into reality, and we've been into a lot of crashes before, so perhaps it's not bad if we look up in the brighter side.
November 25, 2018, 11:21:16 PM
The recent decline in the BTC is a good thing for cryptocurrency generally,
i disagree.
the drop from the ATH, aka the bubble was a good thing for bitcoin because it "corrected" the market and made it healthy. this drop however, nothing about it is healthy! it is manipulation.
even if it weren't, still dropping that much in a short time (~45%) and an overall drop of ~80% is making bitcoin look bad as an extremely volatile currency. and that is not good for the future of it.
November 25, 2018, 09:47:43 PM
The recent decline in the BTC is a good thing for cryptocurrency generally, it takes the scammers out of the market and makes room for other great blockchain projects to shine, gain momentum and grab media attention as they bloom.
Without question BTC is a safe haven asset class, it is completely uncorrelated to any other economic asset and because of this, it will always be sought after, particularly if mainstream markets tank. Make no mistake, the global economy is in stress and BTC looking cheap during this time makes for a brilliant sunrise to come.
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