Bitcoin is dead...

Is bitcoin on its way out? Or, this is a buying opportunity?

  • out

    Votes: 30 68.2%

  • buy

    Votes: 14 31.8%
  • Total voters
    44
bitcoin-historical-chart.png


I'm just going to leave this right here...
 
Instead of focusing highs to lows. 20k in dec 2017 to 3.6k now.

Focus on the low to low. 200 in 2015 to 3.6k now.
Thats 1800% your money in 3 years plus.

So you are saying that is a bad investment?
Now is the time to buy for those blinded by the short term bear trend.
 
HolyGrailSeeker said:
Instead of focusing highs to lows. 20k in dec 2017 to 3.6k now.

Focus on the low to low. 200 in 2015 to 3.6k now.
Thats 1800% your money in 3 years plus.

So you are saying that is a bad investment?
Now is the time to buy for those blinded by the short term bear trend.
More...

Exactly! I just can't understand why are people so pessimistic about BTC and other cryptos. There is solid use case for crypto. I know that this correction was insanely high but it will rebound at some point (I hope)
 
schweiz said:
Can you proof that you bought at 200? If not it was a hypothetical investment. Like all hindsight brilliant investments.
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No, I did not buy it at 200. Did I even say I bought at 200? I do necessarily not have a share of a stock or coin for it to be a good investment.
 
JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business
  • Engineers at the lender have created the "JPM Coin," a digital token that will be used to instantly settle transactions between clients of its wholesale payments business.
  • Only a tiny fraction of payments will initially be transmitted using the cryptocurrency, but the trial represents the first real-world use of a digital coin by a major U.S. bank.
  • While J.P. Morgan's Jamie Dimon has bashed bitcoin as a "fraud," the bank chief and his managers have consistently said blockchain and regulated digital currencies held promise.
Hugh Son | @hugh_son
Published 16 Hours Ago Updated 3 Hours Ago

__________________________

I am sure hackers are busily working very hard and smart to
see how to profit massively from blockchain loophole / weakness or whatever.
 
maxinger said:
JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business
  • Engineers at the lender have created the "JPM Coin," a digital token that will be used to instantly settle transactions between clients of its wholesale payments business.
  • Only a tiny fraction of payments will initially be transmitted using the cryptocurrency, but the trial represents the first real-world use of a digital coin by a major U.S. bank.
  • While J.P. Morgan's Jamie Dimon has bashed bitcoin as a "fraud," the bank chief and his managers have consistently said blockchain and regulated digital currencies held promise.
Hugh Son | @hugh_son
Published 16 Hours Ago Updated 3 Hours Ago

__________________________

I am sure hackers are busily working very hard and smart to
see how to profit massively from blockchain loophole / weakness or whatever.
More...

Since its decentralized. The only way for hackers to hack is to double spend (51% attack). For smaller coins this is a problem but for bitcoin very unlikely will happen as you need a single party of control 51% of bitcoins.
 
HolyGrailSeeker said:
No, I did not buy it at 200. Did I even say I bought at 200? I do necessarily not have a share of a stock or coin for it to be a good investment.
More...

There were in the past hundreds of these investements in penny stocks, in ordinary stocks, forex and futures. But only if you really did it, it has value, all the rest is wishful thinking. I could have been already a few times a billionaire in futures; but in reality I am not.
 
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