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Topic: fall of bitcoin Necessary............bitcoin is a threat For the dollar (Read 2535 times)

sr. member
Activity: 1176
Merit: 286
legendary
Activity: 3542
Merit: 1352
Cashback 15%
To think that bitcoin has made me a millionaire in my country (a couple thousand dollars lol) makes this post untrue. Those who are losing money in the process of investing are those who don't know what they're doing but have the money to spend and those who are impatient and went along with the herd's buying decisions. The US dollar crash is inevitable with all of the scams they keep on pushing to the people, and mind you, some smart investors are trying to stay away from USD as best as they could because they know what's up. If there's anything to avoid, it must be the USD in the mean time and not BTC.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
This sounded like jamie dimen scaring the fight out of jittery players. Of course losses are inevitable. There will be challenges along the way. A lot has happened already before and guess what? Now bitcoin is again on an all time high. People can spread doomsday scenarios for bitcoin but it will be the future
legendary
Activity: 2618
Merit: 1105
Let me ask you one thing here OP, is it Bitcoin's fault if people are trying to scam "for it"?
Why are you blaming Bitcoins when exchanges try to run away with your funds? Bitcoin is a currency that is under your/their possession (depends where you put them) and nothing in the world is safe and everything possess risks. About the break of the dollar, if you won't use fiat to evaluate the power of cryptocurrencies, what will you use? Metal? Gold? Maybe Silver?
People like you just try to throw sludge on Bitcoins but you should know that Bitcoin now is not what it used to be in its early days. It was a "JOKE" which is now turned into a fulfilled "WISH", a reason that helps you live on it, makes you earn it and get something in exchange.
hero member
Activity: 980
Merit: 507
btc e.com closed

All exchange sites started cheating

bad commentaire  in  poleinex ( more than 35 days no Reply from support)

New scams  in lot of sitetrade and exchange exchange


In the end .......Things are not safe... all   can lose all his money in scammer site trade

You must stop little not all Smiley investing in this currency           
Poloniex is becoming shit by the day,scams you cannot do anything about it,its a thing/trend going on now a days I would say!! Exchanges started to cheat ,really? There are good ,bad and terrible exchanges ,depends on which one you opted to go for. You will lose your money if you're not smart and if you don't have basic common sense,obviously people will scam you and run away.
full member
Activity: 172
Merit: 100
In past some days some news fear people that china has ban bitcoins due to which for very little moment rate of bitcoin fall but I want to tell that people who fear that now a days that rate of bitcoin reach to the level which will never in the past. So whats the china affect on bitcoin .off course nothing.
sr. member
Activity: 1176
Merit: 286
legendary
Activity: 1386
Merit: 1058

Until now I think bitcoin is not a rival for USD currency. bitcoin is a supporter of the world currency, for some people who may want easy and simple then bitcoin can be an option. see now that bitcoin prices are based on dollar, so do not worry because bitcoin is different from dollar. bitcoin has its own market and the dollar is just like that.



Yeah that's properly stated one. Bitcoin and dollar are mixed up always and they are compared but they are not meant to be compared because we measure the value of bitcoin in the form of dollars only. For the other world, the value is then converted to their local currency depending upon the dollar value for their currency. It is that simple. Bitcoin have never invaded the dollar in any sense and it will never do that because it stays in the blockchain forever and works through internet, there is no fear of it to real currency in any way.

We're having quite some issues now with bitcoin acceptance and legality with china so to consider it tp even be close to the dollar is folly. It's a good thing that btc's hanging strong at it's current rate.

If we wanted to stick with what China has always had on bitcoin for a while now, bitcoin would not even have grown to this extent. There is so little china can do and they know that. If China feels what they are doing is best for them, then so be it. They may as well just exempt themselves from the whole picture for all we care. However, we cannot always experience a bullish trend, as that in itself will be questioned and it is normal for it to come back to test support, but not because it is a threat to dollar.
I just feel they just want to find a way to manipulate the whole thing and it is impossible, obviously impossible and that can be quite disruptive for their policies, but like I said, who cares? There are so many countries globally and China is just one of them, in fact, just a tiny piece of the world and I still do not know why we give them that much preference regarding bitcoin. Bitcoin will always be a threat and sure there is nothing that can be done.
hero member
Activity: 2534
Merit: 605
I dont think trading platform cheating,
they are too busy now as the users are growing.

One thing that I think a platform is cheating if they do not share if a forking is released or made,
it sucks.
We all know that scams are common in the digital world and we need to be very carefully while investing money online and same is the case with trading exchanges.

If the exchange you are using is keeping important information that you need secret, it is a clear indication about the scam nature of exchange. This is the reason only famous exchanges are recommended for trading such as bittrex.
full member
Activity: 172
Merit: 100
In past some days some news fear people that china has ban bitcoins due to which for very little moment rate of bitcoin fall but I want to tell that people who fear that now a days that rate of bitcoin reach to the level which will never in the past. So whats the china affect on bitcoin .off course nothing.
sr. member
Activity: 250
Merit: 250
I dont think trading platform cheating,
they are too busy now as the users are growing.

One thing that I think a platform is cheating if they do not share if a forking is released or made,
it sucks.
hero member
Activity: 790
Merit: 505
The only fall I think will be due to a minor correction. I believe bitcoin will continue its overall upward trend for a long time yet.

In the below video, it is explained how bitcoin could easily be worth $25,000 in 5 years. This is my opinion also, bitcoin and fiat currently do not threaten each others existence yet.

https://www.youtube.com/watch?v=WM0o4A_PNc0
full member
Activity: 136
Merit: 100
everything has up and down  in life. so bitcoin rate has also up and down in the rate and due to this up and down people are investing in bitcoins because whenever rate of bitcoin decrease people start getting bitcoin and whenever rate of bitcoin increase trader start to sale bitcoins. and off course bitcoin will be most popular in future in the whole world which is threat for all currencies.
full member
Activity: 518
Merit: 145

Until now I think bitcoin is not a rival for USD currency. bitcoin is a supporter of the world currency, for some people who may want easy and simple then bitcoin can be an option. see now that bitcoin prices are based on dollar, so do not worry because bitcoin is different from dollar. bitcoin has its own market and the dollar is just like that.



Yeah that's properly stated one. Bitcoin and dollar are mixed up always and they are compared but they are not meant to be compared because we measure the value of bitcoin in the form of dollars only. For the other world, the value is then converted to their local currency depending upon the dollar value for their currency. It is that simple. Bitcoin have never invaded the dollar in any sense and it will never do that because it stays in the blockchain forever and works through internet, there is no fear of it to real currency in any way.

We're having quite some issues now with bitcoin acceptance and legality with china so to consider it tp even be close to the dollar is folly. It's a good thing that btc's hanging strong at it's current rate.

If we wanted to stick with what China has always had on bitcoin for a while now, bitcoin would not even have grown to this extent. There is so little china can do and they know that. If China feels what they are doing is best for them, then so be it. They may as well just exempt themselves from the whole picture for all we care. However, we cannot always experience a bullish trend, as that in itself will be questioned and it is normal for it to come back to test support, but not because it is a threat to dollar.
jr. member
Activity: 50
Merit: 10
Every currency will have a economic crisis then bounce back to the top after a bit time at the low dropping. So bitcoin isn't an exception , it was effected by too many factors and Bitcoin's price will fall for sure. But stay strong man, Bitcoin gonna be more and more popular , the day bitcoin becomes a threat to dollars is not that far.
hero member
Activity: 798
Merit: 503
The price of Bitcoin falling is indeed necessary, but not for the reason you suggest.

In fact, the price must fall for the simple reason that the exponential growth we have seen in the past few months is not sustainable over the long term. We are in what is a classic bubble - and a huge one at that.

If the price continues rising, it cannot go too much higher before ultimately crashing back to A LOT lower... close to where it started rising to begin with.

I completely agree with this your line of thought because we don't expect everything to just be experiencing upward trend without some form of correction that alone will send bad signal to the entire world and confirm their speculation about being a Ponzi scheme. But a situation like this teaches everyone some element of humility which you will be forced to possess if you really want to profit in this industry and that is exactly what is needed at this time.
legendary
Activity: 1330
Merit: 1003
The price of Bitcoin falling is indeed necessary, but not for the reason you suggest.

In fact, the price must fall for the simple reason that the exponential growth we have seen in the past few months is not sustainable over the long term. We are in what is a classic bubble - and a huge one at that.

If the price continues rising, it cannot go too much higher before ultimately crashing back to A LOT lower... close to where it started rising to begin with.
legendary
Activity: 1582
Merit: 1059
I'm sorry to say this, and I meant it with no disrespect, but what you are saying makes no sense. People should use exchanges with caution, because with the lack of regulation the possibility of a scam increases. Take a look to OKEx last hack for $3M. Although the exchange claims it was not their fault, and it was due to users not being careful enough, and didn't secure their accounts and PCs properly, so it wasn't a scam. But the problem, at least for me, is that the police simple didn't care about that, because BTC is still not regulated in China. This makes things even more insecure, since it will pass the message that crime will simple go unpunished.

So yes, I agree with you when you say things are not safe enough, and people must do all they can to make the use of bitcoin more safe, but saying that you shouldn't invest in it, makes no sense.
full member
Activity: 420
Merit: 102
I will go in all into bitcoin and to me bitcoin system is far more safer than fiat systems. We can actually see alot of financial manipulations in the fiat by politicians and bankers that lead to higher inflation we are having now. I have been holding bitcoin since I know about it and never been disappointed by the system at list it is better to be your own bank than the bankers who  interest are to impoverished you.
When you have bitcoin who cares about the flat currency, bitcoin is deep inside it gives you more scope to earn faster as compare to paper currencies, and competing dollar with bitcoin is unnecessary because both are different thing and bitcoin is not effecting dollar in any sense, and falling is prices is due to Chinese rumors and other bad news.
sr. member
Activity: 882
Merit: 269
I will go in all into bitcoin and to me bitcoin system is far more safer than fiat systems. We can actually see alot of financial manipulations in the fiat by politicians and bankers that lead to higher inflation we are having now. I have been holding bitcoin since I know about it and never been disappointed by the system at list it is better to be your own bank than the bankers who  interest are to impoverished you.
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