Bitcoin plummeting heavy in last 2 hours down to 3700..how low will it go? | |
mondali2
User ID: 77145461 Thailand 11/25/2018 01:13 AM Report Abusive Post Report Copyright Violation | |
BohemianExile
User ID: 76468479 United States 11/25/2018 01:16 AM Report Abusive Post Report Copyright Violation | ... Quoting: Moon&Stars Oh well, that explains why they are pouring billions of dollars into buying cryptos and building infrastructure to support it. That's why IBM has hooked up with Lumen. That's why Buffet invested first in Blockchains LLC. They are making those massive investments and hiring people to build the infrastructure so that they can waste their frickin' money. No doubt you must be right. Actually, those in the know are buying and stockpiling Silver, hand over fist. You know, shit that really exists? what i like about buying gold and silver is it preserves my hard earned labor of today against the declining value of the dollar and its purchasing power in the future..and i wouldn't be shocked if in the not to distant future we saw 100 an ounce silver..and you can sleep at night knowing its never going to 0,,its got a 5000 year proven track record. Exactly. I don't buy silver (or gold) as an "investment" per se, but rather as INSURANCE against inflation/deflation etc... It's the best way to protect the value of your money, even if you don't necessarily "make" any money in the process. No doubt, if the real shit ever hits the fan, even if gold and silver doesn't help you DURING the carnage, it will damn sure help you coming out the other side. During the Weimar Republic hyperinflation in Germany, people who had Deutschmarks had nothing, but people who had gold and silver still had money. People like to use the biblical prophecy of "people tossing their gold and silver in the streets" as "evidence" that it won't be worth anything, but that prophecy is speaking of the very END of the age, when the big money men realize that their gold and silver won't save their asses. Up until then, it will always be valuable. I made a thread attempting to explain the current bitcoin price here Thread: For those wondering about Bitcoin Price dropping.... The basic idea is that bitcoin mining has increased by about 500% in the past year. Even more if you go back 24 months. So what would happen to the price of gold if 5 times as many fully operational gold mines opened in one year? Last Edited by BohemianExyle on 11/25/2018 01:33 AM “Till shade is gone, till water is gone, into the Shadow with teeth bared, screaming defiance with the last breath, to spit in Sightblinder’s eye on the Last Day.” -Aiel Oath Let the Dragon ride again on the Winds of Time WoT WoT! Build that RedWall Loose Lips Don't Sink Ships ~ Qanons DEW |
Captain S >
User ID: 76665289 United States 11/25/2018 01:27 AM Report Abusive Post Report Copyright Violation | By 2020 Bitcoin will be over 100k. Way too much institutional infrastructure is being put into place with Bakkt, Fidelity, Mastercard and payment processors all having the vision to see the future. Cryptos will replace the SWIFT system and make it obsolete. This is a revolution that is a cross between when the internet became widely available and when credit cards were first introduced to the public. Most people don't get what crypto is. It's a much MUCH better system of currency. Instead of using fiat dollars which are created out of thin air at the whim of The Fed and no one has a clue how many are in circulation, every crypto coin is accountable for. Also it's a trustless system of currency that eliminates any need for a middleman to send large quantities for one person to the next. Or one business to the next. Right now the dollar is worth about 1% of what is was when The Fed was created. With fiat they have been robbing you of your wealth everyday and you don't even realize it through inflation. This is not possible with crypto. The prices are volatile now, but eventually will stabalize when it becomes the main means of exchange. But by then you will have missed the boat. It IS the future regardless of any price action right now. If you are smart you'll buy up as much as you can now. ODERINT DUM METUANT every dogma has its day USN-DS3 - 1999-2015 happy to be back on this rock |
Bullshit Terminator
User ID: 77139980 11/25/2018 01:32 AM Report Abusive Post Report Copyright Violation | ... Quoting: Bullshit Terminator Actually, those in the know are buying and stockpiling Silver, hand over fist. You know, shit that really exists? what i like about buying gold and silver is it preserves my hard earned labor of today against the declining value of the dollar and its purchasing power in the future..and i wouldn't be shocked if in the not to distant future we saw 100 an ounce silver..and you can sleep at night knowing its never going to 0,,its got a 5000 year proven track record. Exactly. I don't buy silver (or gold) as an "investment" per se, but rather as INSURANCE against inflation/deflation etc... It's the best way to protect the value of your money, even if you don't necessarily "make" any money in the process. No doubt, if the real shit ever hits the fan, even if gold and silver doesn't help you DURING the carnage, it will damn sure help you coming out the other side. During the Weimar Republic hyperinflation in Germany, people who had Deutschmarks had nothing, but people who had gold and silver still had money. People like to use the biblical prophecy of "people tossing their gold and silver in the streets" as "evidence" that it won't be worth anything, but that prophecy is speaking of the very END of the age, when the big money men realize that their gold and silver won't save their asses. Up until then, it will always be valuable. I made a thread attempting to explain the current bitcoin price here Thread: For those wondering about Bitcoin Price dropping.... The basic idea is that bitcoin mining has increased by about 500% in the past year. Even more if you go back 2 months. So what would happen to the price of gold if 5 times as many fully operational gold mines opened in one year? Gold reserves are finite, and pulling new gold out of the ground can be very expensive. In fact, it is common to hear industry insiders cite $1,200 as the all-in cost for mining a single ounce of gold. Gold supply is totally and completely limited by the PHYSICAL quantities of Gold left in the ground, rather than fictitious ceilings on fictitious supplies of data bits on a computer database. As time goes on, there is less and less gold in the ground. And it becomes harder and harder to put an ounce of gold together. Gold mining is PHYSICALLY restrained by diminishing supply, and cost of mining. That being said, I don't buy gold. I'm a silvertard. It's an all around better way to go, for at least a half dozen reasons. Bullshit Terminator |
BohemianExile
User ID: 76468479 United States 11/25/2018 01:38 AM Report Abusive Post Report Copyright Violation | ... Quoting: Waffles ™ what i like about buying gold and silver is it preserves my hard earned labor of today against the declining value of the dollar and its purchasing power in the future..and i wouldn't be shocked if in the not to distant future we saw 100 an ounce silver..and you can sleep at night knowing its never going to 0,,its got a 5000 year proven track record. Exactly. I don't buy silver (or gold) as an "investment" per se, but rather as INSURANCE against inflation/deflation etc... It's the best way to protect the value of your money, even if you don't necessarily "make" any money in the process. No doubt, if the real shit ever hits the fan, even if gold and silver doesn't help you DURING the carnage, it will damn sure help you coming out the other side. During the Weimar Republic hyperinflation in Germany, people who had Deutschmarks had nothing, but people who had gold and silver still had money. People like to use the biblical prophecy of "people tossing their gold and silver in the streets" as "evidence" that it won't be worth anything, but that prophecy is speaking of the very END of the age, when the big money men realize that their gold and silver won't save their asses. Up until then, it will always be valuable. I made a thread attempting to explain the current bitcoin price here Thread: For those wondering about Bitcoin Price dropping.... The basic idea is that bitcoin mining has increased by about 500% in the past year. Even more if you go back 2 months. So what would happen to the price of gold if 5 times as many fully operational gold mines opened in one year? Gold reserves are finite, and pulling new gold out of the ground can be very expensive. In fact, it is common to hear industry insiders cite $1,200 as the all-in cost for mining a single ounce of gold. Gold supply is totally and completely limited by the PHYSICAL quantities of Gold left in the ground, rather than fictitious ceilings on fictitious supplies of data bits on a computer database. As time goes on, there is less and less gold in the ground. And it becomes harder and harder to put an ounce of gold together. Gold mining is PHYSICALLY restrained by diminishing supply, and cost of mining. That being said, I don't buy gold. I'm a silvertard. It's an all around better way to go, for at least a half dozen reasons. Dude, I was mining gold when I was 5 and bitcoin in 2011. There is plenty of gold out there, the socialist Democrats via the BLM don't want you to know that. Meanwhile they stole 20% of our Uranium! WTF! Anyways, aliens have been mining gold and dna from our planet for a long ass time. Peace. “Till shade is gone, till water is gone, into the Shadow with teeth bared, screaming defiance with the last breath, to spit in Sightblinder’s eye on the Last Day.” -Aiel Oath Let the Dragon ride again on the Winds of Time WoT WoT! Build that RedWall Loose Lips Don't Sink Ships ~ Qanons DEW |
anonymouse1119
User ID: 74012101 United States 11/25/2018 01:38 AM Report Abusive Post Report Copyright Violation | |
Bullshit Terminator
User ID: 77139980 11/25/2018 01:39 AM Report Abusive Post Report Copyright Violation | By 2020 Bitcoin will be over 100k. Quoting: Captain S > Way too much institutional infrastructure is being put into place with Bakkt, Fidelity, Mastercard and payment processors all having the vision to see the future. Cryptos will replace the SWIFT system and make it obsolete. This is a revolution that is a cross between when the internet became widely available and when credit cards were first introduced to the public. Most people don't get what crypto is. It's a much MUCH better system of currency. Instead of using fiat dollars which are created out of thin air at the whim of The Fed and no one has a clue how many are in circulation, every crypto coin is accountable for. Also it's a trustless system of currency that eliminates any need for a middleman to send large quantities for one person to the next. Or one business to the next. Right now the dollar is worth about 1% of what is was when The Fed was created. With fiat they have been robbing you of your wealth everyday and you don't even realize it through inflation. This is not possible with crypto. The prices are volatile now, but eventually will stabalize when it becomes the main means of exchange. But by then you will have missed the boat. It IS the future regardless of any price action right now. If you are smart you'll buy up as much as you can now. Crypto is the ULTIMATE fiat currency! It can literally become worthless OVERNIGHT, given the right conditions. Even federal reserve notes don't become worthless overnight. Crypto currency DOES NOT EXIST, except as little electronic impulses on a computer screen. It only exists as long as enough people BELIEVE it exists. Telling people to "buy up as much as they can" is REALLY harmful advice. Dumb as dirt. I love the way that you act as though you are some kind of Crypto Swami, boldly stating (as if it were fact) that Bitcoin will be over 100K in a year. Who the FUCK really believes that? Bullshit Terminator |
Bullshit Terminator
User ID: 77139980 11/25/2018 01:41 AM Report Abusive Post Report Copyright Violation | ... Quoting: Bullshit Terminator Exactly. I don't buy silver (or gold) as an "investment" per se, but rather as INSURANCE against inflation/deflation etc... It's the best way to protect the value of your money, even if you don't necessarily "make" any money in the process. No doubt, if the real shit ever hits the fan, even if gold and silver doesn't help you DURING the carnage, it will damn sure help you coming out the other side. During the Weimar Republic hyperinflation in Germany, people who had Deutschmarks had nothing, but people who had gold and silver still had money. People like to use the biblical prophecy of "people tossing their gold and silver in the streets" as "evidence" that it won't be worth anything, but that prophecy is speaking of the very END of the age, when the big money men realize that their gold and silver won't save their asses. Up until then, it will always be valuable. I made a thread attempting to explain the current bitcoin price here Thread: For those wondering about Bitcoin Price dropping.... The basic idea is that bitcoin mining has increased by about 500% in the past year. Even more if you go back 2 months. So what would happen to the price of gold if 5 times as many fully operational gold mines opened in one year? Gold reserves are finite, and pulling new gold out of the ground can be very expensive. In fact, it is common to hear industry insiders cite $1,200 as the all-in cost for mining a single ounce of gold. Gold supply is totally and completely limited by the PHYSICAL quantities of Gold left in the ground, rather than fictitious ceilings on fictitious supplies of data bits on a computer database. As time goes on, there is less and less gold in the ground. And it becomes harder and harder to put an ounce of gold together. Gold mining is PHYSICALLY restrained by diminishing supply, and cost of mining. That being said, I don't buy gold. I'm a silvertard. It's an all around better way to go, for at least a half dozen reasons. Dude, I was mining gold when I was 5 and bitcoin in 2011. There is plenty of gold out there, the socialist Democrats via the BLM don't want you to know that. Meanwhile they stole 20% of our Uranium! WTF! Anyways, aliens have been mining gold and dna from our planet for a long ass time. Peace. Ohh... Here we go... LOL. Yeah... I think I'll leave it there too. Peace, indeed... LOL. Bullshit Terminator |
BohemianExile
User ID: 76468479 United States 11/25/2018 01:52 AM Report Abusive Post Report Copyright Violation | ... Quoting: BohemianExile I made a thread attempting to explain the current bitcoin price here Thread: For those wondering about Bitcoin Price dropping.... The basic idea is that bitcoin mining has increased by about 500% in the past year. Even more if you go back 2 months. So what would happen to the price of gold if 5 times as many fully operational gold mines opened in one year? Gold reserves are finite, and pulling new gold out of the ground can be very expensive. In fact, it is common to hear industry insiders cite $1,200 as the all-in cost for mining a single ounce of gold. Gold supply is totally and completely limited by the PHYSICAL quantities of Gold left in the ground, rather than fictitious ceilings on fictitious supplies of data bits on a computer database. As time goes on, there is less and less gold in the ground. And it becomes harder and harder to put an ounce of gold together. Gold mining is PHYSICALLY restrained by diminishing supply, and cost of mining. That being said, I don't buy gold. I'm a silvertard. It's an all around better way to go, for at least a half dozen reasons. Dude, I was mining gold when I was 5 and bitcoin in 2011. There is plenty of gold out there, the socialist Democrats via the BLM don't want you to know that. Meanwhile they stole 20% of our Uranium! WTF! Anyways, aliens have been mining gold and dna from our planet for a long ass time. Peace. Ohh... Here we go... LOL. Yeah... I think I'll leave it there too. Peace, indeed... LOL. Would you prefer the sword? “Till shade is gone, till water is gone, into the Shadow with teeth bared, screaming defiance with the last breath, to spit in Sightblinder’s eye on the Last Day.” -Aiel Oath Let the Dragon ride again on the Winds of Time WoT WoT! Build that RedWall Loose Lips Don't Sink Ships ~ Qanons DEW |
ImNOTaCIAAgent
User ID: 65063649 United States 11/25/2018 03:47 AM Report Abusive Post Report Copyright Violation | This seems too coordinated for it to just drop like a rock like this.. seems like shaking the tree to get everyone out and the rich 1% buy it back up Quoting: Allmotor BS, rich do not play in FAKE CURRENCIES .... Bticoin is the CORNER STONE of the Dark Web and terrorist and the Clintons, OOPS shouldn't have outed the fact that YES Bitcoin and others are being used to transfer MILLIONS under the radar. Oh please, everybody knows the Clintons just use US Dollars, like 90% of the terrorists do, themselves. Fiat Dollars is used WAYYYYYYYY more than Bitcoin. Bitcoin has a public ledger which makes it easy to see all the transactions and is in no way anonymous. Cash is cash. Here today, gone tomorrow. Under the radar. *POOF* |
Unclelunatic
User ID: 76709520 Canada 11/25/2018 10:46 AM Report Abusive Post Report Copyright Violation | By 2020 Bitcoin will be over 100k. Quoting: Captain S > Way too much institutional infrastructure is being put into place with Bakkt, Fidelity, Mastercard and payment processors all having the vision to see the future. Cryptos will replace the SWIFT system and make it obsolete. This is a revolution that is a cross between when the internet became widely available and when credit cards were first introduced to the public. Most people don't get what crypto is. It's a much MUCH better system of currency. Instead of using fiat dollars which are created out of thin air at the whim of The Fed and no one has a clue how many are in circulation, every crypto coin is accountable for. Also it's a trustless system of currency that eliminates any need for a middleman to send large quantities for one person to the next. Or one business to the next. Right now the dollar is worth about 1% of what is was when The Fed was created. With fiat they have been robbing you of your wealth everyday and you don't even realize it through inflation. This is not possible with crypto. The prices are volatile now, but eventually will stabalize when it becomes the main means of exchange. But by then you will have missed the boat. It IS the future regardless of any price action right now. If you are smart you'll buy up as much as you can now. Crypto is the ULTIMATE fiat currency! It can literally become worthless OVERNIGHT, given the right conditions. Even federal reserve notes don't become worthless overnight. Crypto currency DOES NOT EXIST, except as little electronic impulses on a computer screen. It only exists as long as enough people BELIEVE it exists. Telling people to "buy up as much as they can" is REALLY harmful advice. Dumb as dirt. I love the way that you act as though you are some kind of Crypto Swami, boldly stating (as if it were fact) that Bitcoin will be over 100K in a year. Who the FUCK really believes that? Guess you haven’t heard of Venezuela |
WE HAVE BEEN LIED TO
User ID: 75338848 United States 11/25/2018 12:21 PM Report Abusive Post Report Copyright Violation | BTC is like the US dollar in that it is the standard with everything tied to it, so if BTC goes down all the other Cryptocurrencies values go down with it. An example is Litecoin and Digibyte are worth much more when Bitcoin was $19,000 than at $3,700. WEHAVEBEENLIEDTO |
WE HAVE BEEN LIED TO
User ID: 75338848 United States 11/25/2018 12:22 PM Report Abusive Post Report Copyright Violation | Fiat USD has no value bar the paper its printed on, blockchain has applicable functions. USD is back by the full might and power of the United States military. Hard to beat the USD as it`s been the gold standard since the end of World War 2. WEHAVEBEENLIEDTO |
Judethz
User ID: 75895360 United Kingdom 11/25/2018 12:24 PM Report Abusive Post Report Copyright Violation | |
Sublime Paragon
User ID: 75035479 United Kingdom 11/25/2018 12:43 PM Report Abusive Post Report Copyright Violation | Fiat USD has no value bar the paper its printed on, blockchain has applicable functions. USD is back by the full might and power of the United States military. Hard to beat the USD as it`s been the gold standard since the end of World War 2. ARE YOU RETARDED? Gold standard ended with the Federal reserves inception. Fatality, Out of Sanity. ------------------------------------- Truth is like the sun. You can shut it out for a time, but it ain't goin away. ------------------------------------- You are not entitled to your opinion. You are entitled to your informed opinion. No one is entitled to be ignorant. |
WE HAVE BEEN LIED TO
User ID: 75338848 United States 11/25/2018 01:03 PM Report Abusive Post Report Copyright Violation | ... Quoting: Sublime Paragon Fiat USD has no value bar the paper its printed on, blockchain has applicable functions. USD is back by the full might and power of the United States military. Hard to beat the USD as it`s been the gold standard since the end of World War 2. ARE YOU RETARDED? Gold standard ended with the Federal reserves inception. Since WW2 the US dollar has been the king. The USA dollar replaced gold as the gold standard. As a result of the Bretton Woods Agreement, the U.S dollar was officially crowned the world's reserve currency, backed by the world's largest gold reserves. [link to www.investopedia.com (secure)] In 1944, delegates from 44 Allied countries met in Bretton Wood, New Hampshire, to come up with a system to manage foreign exchange that would not put any country at a disadvantage. It was decided that the world’s currencies couldn’t be linked to gold, but they could be linked to the U.S. dollar, which was linked to gold. The arrangement, which came to be known as the Bretton Woods Agreement, established that the central banks would maintain fixed exchange rates between their currencies and the dollar. In turn, the United States would redeem U.S. dollars for gold on demand. Countries had some degree over the currencies in situations where their currency values became too weak or too strong relative to the dollar. They could buy or sell their currency to regulate the money supply. Standing on Its Own as the World’s Reserve Currency As a result of the Bretton Woods Agreement, the U.S dollar was officially crowned the world’s reserve currency, backed by the world’s largest gold reserves. Instead of gold reserves, other countries accumulated reserves of U.S. dollars. Needing a place to store their dollars, countries began buying U.S. Treasury securities, which they considered to be a safe store of money. Last Edited by WE HAVE BEEN LIED TO on 11/25/2018 01:40 PM WEHAVEBEENLIEDTO |
Anonymous Coward User ID: 77116539 Greece 11/25/2018 04:54 PM Report Abusive Post Report Copyright Violation | The only reason bitcoin even broke $600 the SECOND time (after the first Mt.Gox WILLY BOT that PUMPED the price to $1200 through FRAUD), was because of Bitfinex & Tether printing FUNNY MONEY out of thin air and wash trading on Tether Exchanges. Quoting: McShillin History is LITERALLY repeating itself, only this time they managed to create a BIGGER bubble through massive fraud because it managed to go on longer. The bigger the bubble, the bigger the pop. So yes, bittards, history DOES REPEAT, only not in the way YOU'RE HOPING. They aren't even TRYING to hide it anymore. Tether just printed another $50,000,000 in FUNNY MONEY and sent it off to Bitfinex. What do you know, within an HOUR the prices of crypto rise! [link to twitter.com (secure)] Muh organic market my ass. You'll know the bear market is over when people (alot of them) are going to prison. No-one is legitimately buying Crypto, it's ALL fraud! See you back in triple digits within 6 months. If you're still HODLING - this is your chance to dump. |
Anonymous Coward User ID: 72800319 United States 12/01/2018 09:08 AM Report Abusive Post Report Copyright Violation | |
MeisterEder.
User ID: 77163707 Germany 12/01/2018 09:11 AM Report Abusive Post Report Copyright Violation | |