Topic: The recent price rise is really bad news for Bitcoin (Read 2682 times)
everything happened as the author wrote, and the price really began to plummet. it's a game of emotion and the big players hope for the greed of the smaller invseor
The price fluctuations is normal in the cryptocurrency market. The value will go up and down constantly if you look at the charts over the years. This is not an exception and there is no need to tense about it. You will see that the value will go up in the upcoming time.
We are in 2018 and still the same thing is really happening. I believe the trend of the rise and fall of bitcoin would always be with us. There has been several revolution in the world of crypto where several news and issues which is affecting the smooth progress of the various cryptocurrencies especially bitcoin.
This is like moving the ball to their playground, exactly. Future Bitcoin and street wall happen, what happens when they announce that Bitcoin is not fast, cheap enough. Bitcoin cash comes in and saves the day by 8Mb blocks and costs less than a buck. We will see next year the result of bitcoin. But this is a sign that the Bitcoin business is becoming successful and effective for others.
The rising price of bitcoin is so very interested that's good news to some people because for them that is the chance to gain more profit but to others that is bad, because perhaps because we cannot buy more bitcoin and it's totally expensive.
The price fluctuations is normal in the cryptocurrency market. The value will go up and down constantly if you look at the charts over the years. This is not an exception and there is no need to tense about it. You will see that the value will go up in the upcoming time.
increase or decrease in price is not bad news but it becomes very interesting news that always gives me the opportunity to determine transactions and this will make what is always waiting for every day will buy or sell it and this has become commonplace 
Many of people believe and waiting the rise of bitcoin same price last year 2017 the bitcoin will increase up to 20,000 usd.
I believe that the price increase is the result of the bankers and their controlling cartel deciding that they cannot stop Bitcoin, but they can make it unusable. They can do this by soaking up all the Bitcoin they can find, and not selling any of it. This has resulted in a dramatic price increase, and a rush by the unsophisticated to join the party, and make their fortune. In the meantime the cartel members are making huge profits on paper. At some point they will stop buying, and sell a few blocks of Bitcoin. This will trigger a rush to cash in profits, or to stop losses for people who bought Bitcoin when they couldn't afford it. The resulting crash will damage the reputation of Bitcoin amongst the average users, but leave a vast store of wealth for the financially aware. After a suitable interval, the cabal can re-enter the market and repeat the process. The newer futures trading platform will allow them to lock in profits from the rise, and suck money away from those who have bought contracts expecting the price to rise exponentially. The price will continue to rise until they have managed to open enough put options to trigger the drop.
Remember guys - Jet Cash warned you about the price movements first.
Maybe it is the recent price but I am waiting to be back again the real price for it.In this kind of job,we must have patient because if you don't have that,you are the one who quited quickly.it means!you are a quiter kind of a person.so! where is the word patient here and trust to a job you've been wanted for? Remember guys - Jet Cash warned you about the price movements first.
Bankers and rich people will not be able to stop the bitcoin!
The cryptocommunity is growing every day and investors believe in price growth. The more investors, the higher will be the price of bitcoin
The cryptocommunity is growing every day and investors believe in price growth. The more investors, the higher will be the price of bitcoin
Every time the price go down it came with huge price.
It seems to me that this is a step into the future, since it is informational and promising for our world. I believe that they will soon be introduced into everyday life.
I think the recent price rise for Bitcoin is really bad news. the constant price increase. This is going to increase higher for some traders. It's almost $ 10k now and it'll be bounce again soon. It may be frightening for Bitcoin and probably a bad news. But he will go to Pump very soon. Because history is his witness.
I think we have to assume there is some type of "big banker" control of crypto.
It can't possibly have gone unnoticed in the industry for all these years?
Some big fish could've easily swooped up a huge amount at some point.
It's a bit concerning, if we're all in a way playing into their hands..!
It can't possibly have gone unnoticed in the industry for all these years?
Some big fish could've easily swooped up a huge amount at some point.
It's a bit concerning, if we're all in a way playing into their hands..!
The newer futures trading platform will allow them to lock in profits from the rise, and suck money away from those who have bought contracts expecting the price to rise exponentially. The price will continue to rise until they have managed to open enough put options to trigger the drop.
Remember guys - Jet Cash warned you about the price movements first.
You prediction was right, the future market is one of the reason for the crash, but the liquidation of the MtGox also fueled the correction in a big way.Remember guys - Jet Cash warned you about the price movements first.
I believe that the biggest threat to Bitcoin isn't blocksize or stuff like that, it's exchanges that steal people money, or can't keep wallets safe.
Without a doubt the so called "hack" by the exchanges when ever there is an increase in price must the accounted for the coins deposited by the users, majority of the hacks are just fishy, we need to have a system to counter these type of loot from the service providers.
It makes very big threat to banks. Because it's not only one bitcoin, it's the whole idea that currency doesn't have to be centralized at all
Perhaps it is not good news for others that the price have risen. But this is an indication that the business of Bitcoin is becoming successful and effective for other people.
I dont know guys. I dont think the banking industry even cares about bitcoin. Recently, my work put me in contact with the Head of Czech National Bank and naturaly I have asked about bitcoin. He did know what bitcoin is, but his knowledge was limited. He was of the opinion that its irrelevant and that it has no future in public finance. I know that Czech Republic is not the most economicaly strong country, but I think it might be similar else where.
The Banks want Cryptos dead, its direct competition to them. Why would you want to pay a 10$ for an international wire payment, when you could send some ___coin instead?
Problem is that if banks use the same technology and put in to their existing network, they will have much broader acceptace and more trust.
Banks using private centralized blockchain technology to make payments through them much faster would indeed hurt Bitcoin a bit. But having to wait a week for a bank to process a payment isn't the only thing that makes Bitcoin better. Banks updating their businesses to use blockchain doesn't change the fact that your money is still "owned" by the bank/government. A public decentralized blockchain like bitcoin means YOU own your money. It means you can send money and pay for things directly with Bitcoin. Paying for things through the banking system still goes through the banking system even if they use blockchain. There is a lot more to Bitcoin than just a quicker way to send money. Banks can never offer all the other benefits of Bitcoin because those benefits have to do precisely with staying outside of the banking system.
Then again did the bankers really created the 2008 crisi or the people who bought faulty products from them? The people who took so much debt they weren't able to repay it?
Maybe we're going off-topic here, but do you think cryptocurrencies are immune to events like that? In a way Bitcoin was an escape from fractional reserve banking, but this year has introduced several cryptocurrency lending startups. Lending means debt and interest, and interest means money creation. Are we retracing the mistakes we were trying to fix in the first place?
But how often do you even make international transfer? You need to pay for day to day things and you dont use bitcoin for that. You also need to take loans you also dont use bitcoin for that. You need some cash which bitcoin is still unable to replace. I am doing Ph. D. in financial law and I focus on bitcoin, but I totally understand that the banks do not care about it. Dont forget that the blockchain technology is available to everyone. Banks can create and they already did their own settlement network based on bitcoin technology.
I'm surprised to see a PhD student mking comments like that. I do a lot of international transactions - at least one a day, as I deal in virtual assets. I don't need a loan, and I would encourage everybody to avoid loans. Debt is slavery, so don't become a slave. Banks are extremely concerned about the crypto currency revolution. as it removes the need for banks if carried to the ultimate. Will it get there? Probably not, but it does introduce a major financial instrument that is outside their control, and they hate that.
Blockchains have been around since at least the 1960s. The Bitcoin revolution was to combine a blockchain with a PoW block generation method, and recording the chain on multiple copies of the ledger stored by a large interlinked peer group. Banks will never create a system like that as they cannot control it.
I agree with you on the avoidance of a loan, but I must disagree on the rest. You are obviously against banks. I am not a big fan either, but I think banks do have a place in the world. I dont think older people want to do something with bitcoin and similar. I dont understand why the banks should be extremely concerned? I am surprised that they, according to my findings, care so little, but what should be concerning to them? To the extend even as little country as the Czech Republic, could buy one third of bitcoin right away from its Euro holdings.
Also most of the banks have very little financial control whats so ever. There are a few banks like European Central Bank or other national banks that have any financial influence. Its so because financial means that the banks have a legislative power against others. Commercial banks do not have that, thats on legislature. Don't get me wrong I like the idea of bitcoin much more than the idea of new world crisis created by bankers. Then again did the bankers really created the 2008 crisi or the people who bought faulty products from them? The people who took so much debt they weren't able to repay it?
Also the loans, I absolutely agree with you that asking for a loan is risky and should be avoided, but sometimes its necessary - to start a business for example. To buy a house. Some people really need that to afford their own place. Banks are regulated and insured so the average one can use their product without fear. Bitcoin is now completly different. Who the hell uses it for payments? Its monetary function is absolutely useless now. Why would I pay if in 10 minutes I will have much more than I had?
Look the value of bitcoin is its acceptance and the fact that people know what it is. Problem is that if banks use the same technology and put in to their existing network, they will have much broader acceptace and more trust.
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