Hello Guys ,
hope so every one not fine cause bitcoin drop 8K in 3 days it's sad for all ,
Bitcoin Prices Again Below $8K
Ever since Wall Street Guru spoke against bitcoin a couple of weeks ago, the market went down. All I could see while watching that interview was the fear of losing control.
The transference of wealth is here and there’s really nothing anyone can do except pay attention and prepare for the transfer. Sad shame that people want to control the potential of others.
The main reason is
Lloyds Bank bans Bitcoin purchases on its credit cards
Blockchain technology has the potential to revolutionise society in as big a way as the internet has done, perhaps, like the internet, for both good and ill.
And Bitcoin and the other cryptocurrencies that this technology has enabled, have the power to revolutionise global economics and business as well as our own personal financial dealings.
But this new democratisation of money threatens the power of the big banks and financial institutions in a way that nothing has done before.
So what do they do?
They ban it. Using the excuse that buying crypto-currencies might get people into debt, they simply choose to abuse the rights of their customers by telling them what they are allowed to buy with their credit cards.
So, all of a sudden a bank is concerned about someone getting into debt?
It beggars belief. But it also shows how nervous banks are about the potential loss of their power and influence. I'm sure there will be other such bans in the future. They should be challenged and resisted.
Well, at least the smart banks of the world will allow folks to do what they want with their credit, and they will soon have all their business soon as well.
The banks can do what they want of course... but there will be consequences.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
will the prices settle in future?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i am not Sure about your Question , may be yes ! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Don't worry. Bitcoin is just getting ready for Valentines.
It was a whore through 2017. Wants this year to be special.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
you are giving hope
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hopefully yes ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
More than the price, what matters most is the potential of the technology to help people in the future control their own finances.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
era of soft technologies
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Its just the worse time in this very matured crypto market. A week or two more there will be dip and up. Bitcoin would move around $7000 to $10000. By then we can be assured there will be some positive news around which would drive this market up. Its just a matter a time.
Only my study and opinion of few Crypto Gurus.
Any ideas or comment is welcome.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Those banks are just too busy not letting their control gone from peoples pocket.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There are many other reasons why Bitcoin is on a downtrend. Here is a list of a few important ones:
1. Bitcoin is Overbought = Overbought refers to a situation in which the demand for a certain asset or security unjustifiably pushes the price of that asset or underlying asset to levels that are not justified by fundamentals. The reasons for the overbought position are multiple, raging form FOMO to price manipulation etc.
2. Lack of regulation = Bitcoins lack of regulation has scared all major players in the financial market. The fact that all other players have to abide by a set of rules has created major pressure on regulators either to ban or regulate the crypto market. The pressure on Bitcoin can be seen today with China's attempted ban on all domestic and international websites dealing with crypto; The latest ban of acquiring crypto with creditcards form the USA, Great Britain and others; The endless discussions on regulating the crypto market form Korea, India, Japan, USA, European Union and others.
2. Price manipulation = Bitcoins price surge in 2017, is in my opinion inexplicable without price manipulation. The manipulation by Bitfinex and Tether and other big players has created an unsustainable price which was set for a huge correction.
In my opinion Bitcoin will continue this trend to the 5000$ mark. In the meantime there will be multiple dead cat bounces which will wreck day traders and newcomers.
In the future the price will settle when the market finds its true bottom, and after that a slow to medium uptrend should be expected.
This is my personal opinion and it doesn't reflect in anyway advice on how to trade cryptocurrencies.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We're thinking the same thing. I'm thinking it might go down to 4000 to 5000 but of course it's technology, so eventually it will go up and history proved it many times already not just in Bitcoin for every innovation this human race had. It's just a matter of time because there's no other way but to go up.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bang on, the result of your points is a huge correction added into the mix considerable negative press.
People are people, easily scared, the Crypto world, anchored by Bitcoin are shedding money & investors. There will however be a resumption, all about picking moments.
For any long term investor this is a fire-sale at the minute, plenty of great deals to be had.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
its so unstable couse of fud and news of regulations of all crypto and taxes so its peaple fear that its ganna be bad but its not it may regulate but futere is crypto
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's the fear of the amateur traders and newcomers who want to earn big in a single night. Shame on them!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
amateur traders and newcomers make up a sizable portion of the investment space at the minute. Education is the key
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yes proper education in crypto is the key and then you use this dip of coins and be rich if you have stongs hands and hold
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The real test this year will be in seeing which of the coins survive. There will be a purge of the coins that offer little in the way of value or advancements.
Only the strong survive.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yes especialy if there wil be any regulations crypto
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks for the information. i started mining bitcoin week ago and i wanted to know why bitcoin dropped this fast. can anyone tell me which coin i have to mine and from which site. it will be very helpful.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Monero, Litecoin and AEON are good coins and easy to mine at "minergate".
Also a good alternative is to transfer your earnings coins to "eobot" (Cloud Mining) and buy Hashrates. With this you can mine 5 years a lot more coins or tokens like XEM, Lisk, Steem and you dont fuck up your electricity and your own hardware. There are good Youtube howtos to both of these sites.
At https://coinmarketcap.com/ you can find everything you need to know about the coins
https://www.eobot.com/user/1487231 (Referral Link)
https://minergate.com/a/3193a1e9bd9d18992e0d67ce (Referral Link)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It does hurt to see all your investments in the red, but at least for me, it was never supposed to be a short term gain. I was and still am in it for the long run. And for that matter nothing has really changed. In the contrary! There were actually lots of good news coming out over the last couple of weeks. But the media covers this hole topic one sided :(
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks for shearing with us.. because it was decide to buy bitcoin but your post aware me ..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
How can denying your costumers the option to buy something legal with your credit can be legal?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
on the one hand we all recognize democracy, freedom. but on the other hand, there are people who are not ready to face it, then they take unfair actions. It's like a fascist. I agree with your phrase "Thehe should be challenged and resisted".
A good analysis and advice @askquestion
regards @armiasb
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Even though Bitcoin has dropped along with other Cryptos, I strongly believe from personal research and analysis, it will all go back up again, so I know one thing for sure, I’m taking advantage of the crash.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Eventually the credit card companies will come around...just like they did when it was decided that paper checks were an insufficient means of remitting payments...they will see the advantage of providing cards for cryptocurrencies and jump on board...otherwise somebody will get in on the ground floor before them and they don't want to lose out on all that money...it's going to take time because the ruling elite are not going to give up their lofty positions of greed voluntarily...they will continue to grasp at anything they can to ensure their own survival...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
we also know that nowadays bitcoin is in the bleeding phase very soon it is going to again increase its value.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There's a US Senate meeting with the SEC and CFTC members tomorrow (Feb 6th) . Thats probably the biggest reason behind this level of skepticism in the market.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
whats going on with the 45mil bitshares sale? why would anyone sell at .19 unless it wasn't a market manipulation?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You cannot use Credit card to buy stocks as well so ban on Crypto is expected to come sooner than later!!! No surprise in that
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Exactly. Even USD is ban in India. This ban and everything we here in media is no surprise at all.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit