BANKERS FREAKING OVER BITCOIN -- Claudio Grass

in bitcoin •  7 years ago 

by SGT, SGTReport.com:

Claudio Grass joined me at the very moment Bitcoin briefly reached $19,000 causing old guard Central Bankers like Alan Greenspan to emerge from the crypt and announce "it's irrational." So was this the blow off top, or a glimpse of things to come? Clif High predicts $40,000 Bitcoin by summer.

Who knows, but crazy times any way you cut it.

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Let them freak out. It's just the beginning.

Interesting post but don't you reckon this run up was a bit too sudden and unexpected.I mean there are a lot of unconfirmed transactions and a lot of people who are wondering if they missed out on btc because they dont want to buy at such high levels .I am inclined to think that we will have a healthy 20-30 % correction wouldn't that be good for crypto currencies in general.

Yes it would

I have missed the train on this recent upsurge of Bitcoin, and kicking myself for it. While I'm relatively poor by most standards, I still am eager to stash a few hundred dollars away in Bitcoin and other cryptos and hope to get at least my tiny sliver of this growing pie, and a 20% to 30% correction would be great in my case, as I await for Coinbase to catch up. I've been waiting to complete account verification for three days now because they claim to be overwhelmed by volume.

Wont it be profitable to convert crypto into some currency with lower market capacity????????? bitcoins are making so mucg progress right now all for what coz it has only 21 million market cap max... if u invest into something into even lower market cap then today or tomorrow u can make way more money...plus bitcoin mining is becomng so expensive now that unfortunately people will lose interest i think investing into btc wont be the best option u hv right nw

You might be right only time will tell.

Bitcoin's price fluctuation is not irrational - there are rational reasons why it is happening.

Bitcoin has a relatively small market cap and is still relatively unknown to most people. As more people tip in their poison fiat currency and expose themselves to the digital currency, we should expect bitcoin's price to rise.

Short-term fluctuations will occur as 'big money' attempts to pump and dump bitcoin's price. Bitcoin has had the resilience to shrug off the pump and dump scheme and continue to grow.

As more people HODL bitcoin and increase the market cap, the price fluctuations should have less impact than present data shows.

And, if all else fails, buy Litecoin - it's faster and cheaper. :)

I have a question....if you buy Bitcoin on Coinbase can you change it back to FIAT again

Yes takes 4 to 5 days for deposit