Topic: When will Bitcoin take off again? - page 5. (Read 6954 times)
thanks for that reddit article IMZ makes some valid points, he seems to be dead on which is scary a bit and ZBY ive watched many crypto currencies halve and there is always a rise in price so you are def correct but that wont happen for another 90+ weeks i believe.
Recall that two big kick-ups for Bitcon in 2013 were the US Government debt-whoopsie in October, and the Cyprus bail-in.
http://www.reddit.com/r/CryptoMarkets/comments/242i41/crypto_prices_and_the_global_financial_crisis
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/11088265/Only-Germany-is-holding-together-as-separatists-threaten-to-rip-Europe-apart.html
http://www.reddit.com/r/CryptoMarkets/comments/242i41/crypto_prices_and_the_global_financial_crisis
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/11088265/Only-Germany-is-holding-together-as-separatists-threaten-to-rip-Europe-apart.html
After the next halving.
I just see all these post whats wrong with bitcoin why does the price slowly keep going down, bitcoin exploded way to fast last year, I still consider with all the exposure bitcoin has been given that we are still very early in the adoption period, this is still 100% the early stage in my opinion, too many people are impatient or too many people care about shorting bitcoin to make a few dollars, I just know the next time a market crashes and how bitcoin reacts to it ill know a lil more what future bitcoin has.
It is hard to know and maybe impossible to know. Some action or company should start first. I don't think we will se ATH this month or next mont.
We have to assume it might never take off but probably history will show this to be a cheap buy period
Ive just been watching the stock market gain and gain all year and bitcoin go down and down, I guess its easiest put bitcoin can be compared to gold in a way, gold is hitting new lows every day, people want to put there money whrere it makes the most money because most people are driven by greed. it only makes sense in my eyes bitcoin will take off again when the stock market crashes.
No one knows.
And moon events happen without a clear trigger, so it is hard to know when will it be done, until it was already done.
And moon events happen without a clear trigger, so it is hard to know when will it be done, until it was already done.
Im sure alot can happen before this scenario happens but ive always felt for Bitcoin to take off like it did last year something big has to happen, what if another stock market crash happens and banks start failing again, people will be searching for a way to protect there money by pulling it outta banks and outta stocks to prevent big losses they sustained back in 2008, and put it into bitcoin, I could be way off but ive had this feeling for a long time though, does anything think im way off base or have some merit here?
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