Topic: Why Bitcoin is dropping and why you should be buying. - page 4. (Read 11263 times)
1100 to 270 cant be seen as "relatively small" by any standard
The question is: what are the impacts of a crash of the global finance system on the Bitcoin? Do you think that people would escape their savings in the Bitcoin ("the digital gold")?
I've heard this question so many times and so many times I hear people say if the financial system goes down the so does Bitcoin. But the point is fiat actually evaporates in value, that's hyper inflation. Gold like bitcoin isn't just about during a financial collapse and honestly we dont know how it will react during a financial implosion. People often want to buy food etc more than Gold or currency during extreme past situations. But what Gold does is which I believe Bitcoin will do is get people to the other side of the river. They will have something other than their dicks to hold when the dust clears is what I'm saying. Price in terms of the dollar like Gold has very little interest me actually, how can it if I believe the dollar is worthless?
So yeah Bitcoin I believe will protect you just like Gold, during the collapse it might be worthless but after one it will still be in your wallet with a renewed interest from people who thought the dollar was a store of value. Personally I do think Bitcoin will thrive during a collapse but like I said that's not really the issue.
The question is: what are the impacts of a crash of the global finance system on the Bitcoin? Do you think that people would escape their savings in the Bitcoin ("the digital gold")?
very low in terms of usd would be what?
What's your thoughts on this??
https://www.tradingview.com/v/Dx9hLqQ1/
What's your thoughts on this??
https://www.tradingview.com/v/Dx9hLqQ1/
Well I don't see the drop in price to be that significant looking at the big picture either, Bitcoin to me resembles a Gold chart more than anything. My point is if you are going to measure bitcoin in dollar terms expect a drop or at least a levelling off. The bigger picture is indeed a rise. But the opportunity is that Bitcoin however much the Dollar implodes upwards will get a short to medium term drop. I expect sub 200 probably sub 100 at least before the reversal, though I don't discount a sub 50. This isn't your typical chart move, I'm talking Armageddon scale move.
All I'm hearing from the forum is the imminent death of bitcoin due to the relatively small drop in price in dollar terms of Bitcoin. I see this as an early sign that a financial collapse is approaching and therefore the perfect time for wise investors to buy. I don't know if people are familiar with the work of Jim Willie of the Golden Jackass but I recommend him, he's fringy and controversial but he has always said that the sign the system is collapsing and the dollar is on its death bed will be a massive rise in the dollar not a drop.
This also is a sign of a deriveratives implosion too. I think we will go lower, very low in fact (in dollar terms) and then we will get a spike up that will shock even seasoned bitcoiners. The absolutely only reason I'm not buying Bitcoin is I have no available fiat. If you are holding dollars then anytime from now is a good time to buy if you hold a longer tem perspective.
http://www.maxkeiser.com/2015/01/harvey-organ-derivatives-meltdown-has-begun/
This also is a sign of a deriveratives implosion too. I think we will go lower, very low in fact (in dollar terms) and then we will get a spike up that will shock even seasoned bitcoiners. The absolutely only reason I'm not buying Bitcoin is I have no available fiat. If you are holding dollars then anytime from now is a good time to buy if you hold a longer tem perspective.
http://www.maxkeiser.com/2015/01/harvey-organ-derivatives-meltdown-has-begun/
pure speculation
very low in terms of usd would be what?
What's your thoughts on this??
https://www.tradingview.com/v/Dx9hLqQ1/
What's your thoughts on this??
https://www.tradingview.com/v/Dx9hLqQ1/
I think bitcoin is dropping because merchants are selling the bitcoins they received during christmas shopping. When those who spent bitcoin replenish their bitcoin holdings, price will rise again.
Indeed. We are in the midst (at the heights of?) a massive global bubble created by artificially depressed interest rates, the likes of which the world has never seen. Hang on to your asses.
http://davidstockmanscontracorner.com/
http://davidstockmanscontracorner.com/
Yep, that's exactly right, while I think it's too early to say for sure whether Bitcoin is an indicator of anything, I think things have gotten far too high now, they claim Bitcoin was a bubble but imagine what the dollar is going to do when it finally decides to go down. I think I'll actually be stashing by Bitcoin rather than spending it at the moment because I think we may be seeing a price spike at some point and that will be a great time to spend.
Its just a matter of time when USD drops, and then btc, eur and chf will go sky high.
USD is in bubble, not btc, bubble passed btc long time ago..
Yep, that's exactly right, while I think it's too early to say for sure whether Bitcoin is an indicator of anything, I think things have gotten far too high now, they claim Bitcoin was a bubble but imagine what the dollar is going to do when it finally decides to go down. I think I'll actually be stashing by Bitcoin rather than spending it at the moment because I think we may be seeing a price spike at some point and that will be a great time to spend.
All I'm hearing from the forum is the imminent death of bitcoin due to the relatively small drop in price in dollar terms of Bitcoin. I see this as an early sign that a financial collapse is approaching and therefore the perfect time for wise investors to buy. I don't know if people are familiar with the work of Jim Willie of the Golden Jackass but I recommend him, he's fringy and controversial but he has always said that the sign the system is collapsing and the dollar is on its death bed will be a massive rise in the dollar not a drop.
This also is a sign of a deriveratives implosion too. I think we will go lower, very low in fact (in dollar terms) and then we will get a spike up that will shock even seasoned bitcoiners. The absolutely only reason I'm not buying Bitcoin is I have no available fiat. If you are holding dollars then anytime from now is a good time to buy if you hold a longer tem perspective.
http://www.maxkeiser.com/2015/01/harvey-organ-derivatives-meltdown-has-begun/
This also is a sign of a deriveratives implosion too. I think we will go lower, very low in fact (in dollar terms) and then we will get a spike up that will shock even seasoned bitcoiners. The absolutely only reason I'm not buying Bitcoin is I have no available fiat. If you are holding dollars then anytime from now is a good time to buy if you hold a longer tem perspective.
http://www.maxkeiser.com/2015/01/harvey-organ-derivatives-meltdown-has-begun/
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