Author Topic: How soon until Bitcoin crashes?  (Read 52630 times)

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Offline Goriot

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Re: How soon until Bitcoin crashes?
« Reply #255 on: September 08, 2021, 10:14:12 AM »
It has had an impressive run in the last couple weeks. I wouldn't bet against it. But how much more do you think is left in this rally (not 3-5 years)?

Who knows, but 100%+ return by year-end from today is the target so about $300 to $500.  We will see how Fed tapering impacts cryptos, but Solana chart looks good with a great momentum.   I only use play money with no margins for Cryptos.



Offline momopi

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Re: How soon until Bitcoin crashes?
« Reply #256 on: September 08, 2021, 05:04:41 PM »

* momopi eyes support.com merger with Greenidge crypto mining (merger vote Sept 10)

Offline Goriot

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Re: How soon until Bitcoin crashes?
« Reply #257 on: September 08, 2021, 05:56:10 PM »
It has had an impressive run in the last couple weeks. I wouldn't bet against it. But how much more do you think is left in this rally (not 3-5 years)?

Who knows, but 100%+ return by year-end from today is the target so about $300 to $500.  We will see how Fed tapering impacts cryptos, but Solana chart looks good with a great momentum.   I only use play money with no margins for Cryptos.

Breaking out above $200 today.  Might reach $300 faster then  anticipated. 

Offline eyephone

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Re: How soon until Bitcoin crashes?
« Reply #258 on: September 25, 2021, 11:15:32 PM »
China declares all crypto transactions illegal. Unbelievable!
It seems they are doing this for their own digital currency.

Offline qwerty

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Re: How soon until Bitcoin crashes?
« Reply #259 on: September 26, 2021, 08:37:45 AM »
It has had an impressive run in the last couple weeks. I wouldn't bet against it. But how much more do you think is left in this rally (not 3-5 years)?

Who knows, but 100%+ return by year-end from today is the target so about $300 to $500.  We will see how Fed tapering impacts cryptos, but Solana chart looks good with a great momentum.   I only use play money with no margins for Cryptos.

Breaking out above $200 today.  Might reach $300 faster then  anticipated. 

Looks like this is down to 136. I keep on getting tempted with crypto haven’t piled the trigger. My gut told me to buy BTC when it hit 28k recently and it would have turned out very well. Coulda woulda shoulda.

Offline eyephone

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Re: How soon until Bitcoin crashes?
« Reply #260 on: September 26, 2021, 03:26:23 PM »
It has had an impressive run in the last couple weeks. I wouldn't bet against it. But how much more do you think is left in this rally (not 3-5 years)?

Who knows, but 100%+ return by year-end from today is the target so about $300 to $500.  We will see how Fed tapering impacts cryptos, but Solana chart looks good with a great momentum.   I only use play money with no margins for Cryptos.

Breaking out above $200 today.  Might reach $300 faster then  anticipated. 

Looks like this is down to 136. I keep on getting tempted with crypto haven’t piled the trigger. My gut told me to buy BTC when it hit 28k recently and it would have turned out very well. Coulda woulda shoulda.

Fyi-You can buy a fraction of btc.

Offline sleepy5136

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Re: How soon until Bitcoin crashes?
« Reply #261 on: September 26, 2021, 04:39:24 PM »
.
« Last Edit: September 26, 2021, 05:23:23 PM by sleepy5136 »

Offline sleepy5136

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Re: How soon until Bitcoin crashes?
« Reply #262 on: September 26, 2021, 04:40:19 PM »
do you guys think btc will actually do well in the future? with an entity like china being against it as its competing against its own currency, what makes one think that other countries will not think the same and jump in on China's wagon?
« Last Edit: September 26, 2021, 05:23:13 PM by sleepy5136 »

Online morekaos

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Re: How soon until Bitcoin crashes?
« Reply #263 on: October 06, 2021, 08:48:17 AM »
No one to complain to because there are no rules, regulation or recourse.  Must rely on the honesty of other criminals...great system..

Crypto firm mistakenly sends out $89M, asks users to please return it

A technical glitch in a crypto marketplace has just made some cryptocurrency users tens of millions of dollars richer — and the marketplace founder's threats have ignited a debate about the rules of digital money in an authority-less world.

Compound, a popular cryptocurrency platform, last week put out what should have been a routine update to the code that governs users' transactions. However, the update contained a bug that mistakenly sent up to $89 million worth of crypto tokens into some users' accounts.

https://www.msn.com/en-us/money/markets/crypto-firm-mistakenly-sends-out-89m-asks-users-to-please-return-it/ar-AAP7Wzt?ocid=uxbndlbing


...all the halmarks of a scam...

CRYPTO CASTLE Inside the ‘world’s first Bitcoin rehab clinic’ where traders who have lost MILLIONS battle cryptocurrency addiction

Tony says that too many stories about Bitcoin are about people who have made fortunes - and not the traders who have gambled their lives away.

He said: "We’re not hearing about the people that have lost lots of money. People are so ashamed. They feel so guilty. They don't want to be talking about it. They feel stupid.”

https://www.the-sun.com/news/3796610/cryptocurrency-rehab-clinic-addiction/#:~:text=A%20REHAB%20clinic%20in%20Scotland%20claims%20to%20be,is%20treating%20people%20addicted%20to%20cryptocurrency%20Credit%3A%20Reuters

Offline irvinehomeowner

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Re: How soon until Bitcoin crashes?
« Reply #264 on: October 06, 2021, 09:15:05 AM »
I'm with morekaos on this... I still don't trust cryptocurrency.

Seems like its price is based on the volatility rather than actual value.

Does anyone actually get into cryptocurrency for transactional functionality?
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Offline aquabliss

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Re: How soon until Bitcoin crashes?
« Reply #265 on: October 06, 2021, 09:55:20 AM »
Ohhhh that explains the extra $12M in my wallet this morning.  Drinks on me!

Offline Compressed-Village

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Re: How soon until Bitcoin crashes?
« Reply #266 on: October 06, 2021, 11:39:32 AM »
I'm with morekaos on this... I still don't trust cryptocurrency.

Seems like its price is based on the volatility rather than actual value.

Does anyone actually get into cryptocurrency for transactional functionality?

I almost got my Tesla, until Elon reliquish taking Bitcoin as payment, a few week later with a tweet. J/K  :)

That's how we do business nowaday, with a tweet. ehh

Offline Liar Loan

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Re: How soon until Bitcoin crashes?
« Reply #267 on: October 19, 2021, 06:31:04 PM »
This is a long article, but well worth reading:

Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble

https://nymag.com/intelligencer/2021/10/why-the-big-short-guys-think-bitcoin-is-a-bubble.html


Offline fatduck

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Re: How soon until Bitcoin crashes?
« Reply #268 on: October 19, 2021, 06:47:48 PM »
That article was indeed long, but with very little substance

Of course Bitcoin is a bubble. It has essentially no utility. The only reason people want it is because they think the price will be higher tomorrow. But the same can be said about lots of assets, like comic books and Pokemon cards and fine art. Bubbles can last a long time.

Offline CalBears96

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Re: How soon until Bitcoin crashes?
« Reply #269 on: October 19, 2021, 06:55:22 PM »
Even though "Big Short" guy think it's a bubble, he's not shorting it. I mean, it is foolish to short it because it's so volatile.

I think it's a bubble too, but I'm not touching it with a ten foot pole, either long or short. It could hit $100k in a couple of months or it could drop back to $30k. It's all speculative.

 

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