JPMorgan CEO Jamie Dimon says bitcoin is a 'fraud' that will eventually blow up
nbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html
Topic: fall of bitcoin Necessary............bitcoin is a threat For the dollar - page 4. (Read 2535 times)
September 16, 2017, 07:11:29 AM
August 28, 2017, 12:42:29 PM
I do not think that it will fall, If your going to look at the announcement section here in the forum, There's a lot of startup company that needs advertisement and if there is a lot of mining hardware that is running to day it will still not fall because it's not getting a flat value. Just enjoy gaining money today while the value of bitcoins is still on fire.
Bitcoin will never fall. Don’t think about it relax. It is so because of the reason that so many new companies are doing mining, hundreds of businesses are trading in bitcoins, people are investing more and more, whales are there to make everything up 
bitcoin is in moon and it will never fall aback. Just invest and enjoy the life. 
August 26, 2017, 04:50:00 AM
I do not think that it will fall, If your going to look at the announcement section here in the forum, There's a lot of startup company that needs advertisement and if there is a lot of mining hardware that is running to day it will still not fall because it's not getting a flat value. Just enjoy gaining money today while the value of bitcoins is still on fire.
August 18, 2017, 03:59:08 PM
The biggest threat to bitcoin is from within, groups trying to hijack its brand and its development, first already done and goes by the name of "Bitcoin Cash", the next is planned for a few months from now and goes by the name of "Bitcoin SegWit2X".
Governments and banks will embrace bitcoin because of its property, much like gold.
Governments and banks will embrace bitcoin because of its property, much like gold.
1000% agree... this is what can kill all cryptoworld ("forking") ... GO and start forging your own coin! some little group of ppl "just cutting own peace of cake", but this "cake" not belongs to anyone... It's valuable until it's decentralized!!!
No one can encourage his friends,colleagues to invest in BTC while it's can be "forked" at any time:(
It's like you have some gold coins and someone came and "cut little peace" from it... nobody, from "real world" ,may accept,such eventuality...
"Go, and start forging your own coin"... this must be ,only answer for all, future, " wanna fork BTC " guys...
August 18, 2017, 01:46:57 PM
Bitcoin will never fail because bitcoin network will remain healthy because it is self stable. All of the bitcoin trading platform are centralized one so government can easily shutdown or monitor them and it is quite risky to save your bitcoin/crypto there. So what we need now is decentralized exchange that can work as perfect as current centralized exchange platform and can handle large trading volume. We have bitsquare which is decentralized exchange platform but it is still in development.
I think your first statement here is quite naive. Everything can rise up and everything can fall. Bitcoin is a very unstable currency, as we can tell from the initial rise a couple years ago to about 1000$ and then the insane drop that occurred right after. Bitcoin was close to 200$ then. If this currency can depreciate so quickly, I don't think it's fair to say that it will never fail.
August 18, 2017, 01:32:50 PM
People must understand that Bitcoin isn't anymore the plaything that it was years ago. Every exchange will face difficulties if they don't properly register their activities - especially when it comes to allowing people to exchange/trade crypto versus USD. If an exchange isn't willing to go through whatever is needed to be allowed to run a platform that involves USD, it will experience what BTC-E has gone through, what Bitfinex is, or will go through, Poloniex, etc. BTC-E however is reported to be involved in the MtGox theft back in the days. I don't like the government shutting exchanges down, but in case of BTC-E, if they are really one of the master mind behind the MtGox theft, may all involved entities burn in hell.
Creating fear would really make Bitcoin down. So relax dude.
August 18, 2017, 08:53:38 AM
The biggest threat to bitcoin is from within, groups trying to hijack its brand and its development, first already done and goes by the name of "Bitcoin Cash", the next is planned for a few months from now and goes by the name of "Bitcoin SegWit2X".
Governments and banks will embrace bitcoin because of its property, much like gold.
Governments and banks will embrace bitcoin because of its property, much like gold.
1000% agree... this is what can kill all cryptoworld ("forking") ... GO and start forging your own coin! some little group of ppl "just cutting own peace of cake", but this "cake" not belongs to anyone... It's valuable until it's decentralized!!!
No one can encourage his friends,colleagues to invest in BTC while it's can be "forked" at any time:(
It's like you have some gold coins and someone came and "cut little peace" from it... nobody, from "real world" ,may accept,such eventuality...
"Go, and start forging your own coin"... this must be ,only answer for all, future, " wanna fork BTC " guys...
August 18, 2017, 07:12:05 AM
I do agree that some try to scam the bitcoin investors.But we should also agree that bitcoin is a new innovative currency and that it has just passed its initial eight years successfully.We should be very much careful in this crypto world.Since it is a decentralized currency,many peple try to scam others.They have not contributed any thing for the progress of bitcoin and what they need is just money even by spoiling the reputation of bitcoin.So.its true that some awareness must be created among bitcoin community and a website should be formed giving ratings for bitcoin exchanges and platforms based on customer reviews like survey police in internet which shows ratings of websites which provide online jobs and clearly shows the scam websites and companies.
August 18, 2017, 04:21:45 AM
Hey mate how about you start using DEX from now on instead of trusting total strangers over the internet without them being physically accessible
To you? none of the current exchanging service providers are trustworthy, no one should ever trust them with even $10 bucks, I am confused about
The fact that people are too blinded by greed or are just stupid to give their money hard earned or otherwise to others, no one would give me any thing
If I ask them to so why would they give exchanges? decentralized exchanges work this way; you import your address and private key in which you are
Holding your balance, and when you complete an order the exchange acts as an escrow automatically without any human involvement. you should
Always consider everyone else other than yourself as thieves and your enemies mate.
To you? none of the current exchanging service providers are trustworthy, no one should ever trust them with even $10 bucks, I am confused about
The fact that people are too blinded by greed or are just stupid to give their money hard earned or otherwise to others, no one would give me any thing
If I ask them to so why would they give exchanges? decentralized exchanges work this way; you import your address and private key in which you are
Holding your balance, and when you complete an order the exchange acts as an escrow automatically without any human involvement. you should
Always consider everyone else other than yourself as thieves and your enemies mate.
August 18, 2017, 03:41:31 AM
Exchanges suddenly turning into a scam is surely a bad thing for btc but it is not compulsory for you to lose tradimg is not important you can make good money but if it's risky then you are blindly gambling here and assuming the site won't scam you. Just store your btc trading isn't a must.
Speaking of threats to dollar no it isn't dollar is controlled by us as everyone knows that and they are the current world power. There are very less countries like Iran, russia, north korea who will actually be a threat to dollar otherwose dollar is safe.
Speaking of threats to dollar no it isn't dollar is controlled by us as everyone knows that and they are the current world power. There are very less countries like Iran, russia, north korea who will actually be a threat to dollar otherwose dollar is safe.
August 18, 2017, 12:17:57 AM
Bitcoin will never fail because bitcoin network will remain healthy because it is self stable. All of the bitcoin trading platform are centralized one so government can easily shutdown or monitor them and it is quite risky to save your bitcoin/crypto there. So what we need now is decentralized exchange that can work as perfect as current centralized exchange platform and can handle large trading volume. We have bitsquare which is decentralized exchange platform but it is still in development.
August 18, 2017, 12:09:46 AM
People must understand that Bitcoin isn't anymore the plaything that it was years ago. Every exchange will face difficulties if they don't properly register their activities - especially when it comes to allowing people to exchange/trade crypto versus USD. If an exchange isn't willing to go through whatever is needed to be allowed to run a platform that involves USD, it will experience what BTC-E has gone through, what Bitfinex is, or will go through, Poloniex, etc. BTC-E however is reported to be involved in the MtGox theft back in the days. I don't like the government shutting exchanges down, but in case of BTC-E, if they are really one of the master mind behind the MtGox theft, may all involved entities burn in hell.
While I really sympathized with members of BTC-e because they the ones carrying the burden by losing their funds, I am also concerned about the illegal activities rampant online victimizing many people. There has to be a balance between allowing cryptocurrency related businesses to flourish and the need to also regulate so that illegal activities can be controlled if not totally eliminated.
And I think there are now many regulations in place that crypto entities have to go through especially in registering their business and making sure that they followed what should be followed. As for exchanges, they should make sure that they are above the board and not hiding anything that can in the end endanger the funds of their trusting members.
August 18, 2017, 12:03:02 AM
People must understand that Bitcoin isn't anymore the plaything that it was years ago. Every exchange will face difficulties if they don't properly register their activities - especially when it comes to allowing people to exchange/trade crypto versus USD. If an exchange isn't willing to go through whatever is needed to be allowed to run a platform that involves USD, it will experience what BTC-E has gone through, what Bitfinex is, or will go through, Poloniex, etc. BTC-E however is reported to be involved in the MtGox theft back in the days. I don't like the government shutting exchanges down, but in case of BTC-E, if they are really one of the master mind behind the MtGox theft, may all involved entities burn in hell.
While I really sympathized with members of BTC-e because they the ones carrying the burden by losing their funds, I am also concerned about the illegal activities rampant online victimizing many people. There has to be a balance between allowing cryptocurrency related businesses to flourish and the need to also regulate so that illegal activities can be controlled if not totally eliminated.
And I think there are now many regulations in place that crypto entities have to go through especially in registering their business and making sure that they followed what should be followed. As for exchanges, they should make sure that they are above the board and not hiding anything that can in the end endanger the funds of their trusting members.
August 17, 2017, 11:57:36 PM
People must understand that Bitcoin isn't anymore the plaything that it was years ago. Every exchange will face difficulties if they don't properly register their activities - especially when it comes to allowing people to exchange/trade crypto versus USD. If an exchange isn't willing to go through whatever is needed to be allowed to run a platform that involves USD, it will experience what BTC-E has gone through, what Bitfinex is, or will go through, Poloniex, etc. BTC-E however is reported to be involved in the MtGox theft back in the days. I don't like the government shutting exchanges down, but in case of BTC-E, if they are really one of the master mind behind the MtGox theft, may all involved entities burn in hell.
You are absolutely right mate, Most of the person in this industry they don't know the deepest meaning of bitcoin. Those exchange too must realize how to do proper requirements to make their activities be well organize,. That's why there is a big possibility that bitcoin can be a threat to dollars because of its criteria it has which is bitcoin. August 17, 2017, 11:55:06 PM
Yeah just because of this behaviour of the exchanges and trading platform government might just take over the business of bitcoin and shut it or may make it centralised one. We are freely exchanging a virtually currency with USD or local currency as per the country and then the bank have to pay that to us. This on mass scale is difficult as big wallets, exchangers and trading platforms are raising more than billion to trillion dollars each year. This will ultimately make unhealthy economy for our government because they will need to print more money of Ron taxes really.
It is literally open fraud if exchangers keep doing big scams and make peoples money unsecured. Many sites closed like this and feds has ceased the money from them which is also affecting the bitcoin circulation because that money will be kept in the fed security or will be auctioned in cheapest possible price. Thats aint good for the bitcoin.
August 17, 2017, 10:41:48 PM
me i sel my btc at 2500
there, there.
i am sorry you missed the chance to buy bitcoin when it was cheap and also fell for the FUD and sold what you had in the last dip when price was low and everyone was buying the dip.
don't stress yourself out too much over it. next time learn from your mistake and don't fall for the FUD and buy when everyone is talking out of their behind about selling.
August 17, 2017, 10:20:55 PM
People must understand that Bitcoin isn't anymore the plaything that it was years ago. Every exchange will face difficulties if they don't properly register their activities - especially when it comes to allowing people to exchange/trade crypto versus USD. If an exchange isn't willing to go through whatever is needed to be allowed to run a platform that involves USD, it will experience what BTC-E has gone through, what Bitfinex is, or will go through, Poloniex, etc. BTC-E however is reported to be involved in the MtGox theft back in the days. I don't like the government shutting exchanges down, but in case of BTC-E, if they are really one of the master mind behind the MtGox theft, may all involved entities burn in hell.
You are absolutely right mate, Most of the person in this industry they don't know the deepest meaning of bitcoin. Those exchange too must realize how to do proper requirements to make their activities be well organize,. That's why there is a big possibility that bitcoin can be a threat to dollars because of its criteria it has which is bitcoin. August 17, 2017, 07:14:10 PM
well well well well....that why everyone kept repeating it over and over again.....it a risk and you are advice to always keep you coin in your personal wallet unless you are ready to trade...be advice and reduce the risk of losing everything when an exchange closed.....the legal battle can be another headaches
August 17, 2017, 05:43:33 PM
People must understand that Bitcoin isn't anymore the plaything that it was years ago. Every exchange will face difficulties if they don't properly register their activities - especially when it comes to allowing people to exchange/trade crypto versus USD. If an exchange isn't willing to go through whatever is needed to be allowed to run a platform that involves USD, it will experience what BTC-E has gone through, what Bitfinex is, or will go through, Poloniex, etc. BTC-E however is reported to be involved in the MtGox theft back in the days. I don't like the government shutting exchanges down, but in case of BTC-E, if they are really one of the master mind behind the MtGox theft, may all involved entities burn in hell.
Its true that the coming days will be difficult consodering the attention and the law making process that is in process at this time but at the same time, its does not mean the end of bitcoin because most of the laws being referenced to, are talking about regulation rather than shutting down which means that a lot of people will still very much involved while those who are fond of using the technology for illegal means will have to look for something else. It might not be black and white as painted but its a possibility.
August 17, 2017, 05:08:49 PM
People are kidding themselves if they think bitcoin is going to die.
in 2100 there will be NO currency.
in 2100 there will be NO currency.
In 2100 there wont be anyone (or at least the majority) from this forum.
Soon, there will be a private key written down in the last will and testament of some crypto billionaire.
No more fiat to the heirs.
Jump to: