why bitcoin will fail

in money •  7 years ago 

why this will fail... dun du dun

there's no doubting you know that China has now banned ICO if not no worries.

over the course of last weekend 30 billion dollars just poof vanished. mean while the value of etherium and majority of the crypto currency market also took a hit with the exception of bitcoindark and komodo which did a 50 percent increase in value. but that because they are being merged

what should u do abandon and pull out ur money ?

NO relax crypto is a fine and booming business with such incredible gains it's expected for there to be a drastic blow back, everything that goes up must come down eventually.

there are unparalleled amounts of opportunity to make great wealth. you might be asking who am i and why u can trust me. well i am a miner and have a large stake of my wealth in crypto actually almost everything I have I put into mining or trading between currency. before i found out about crypto currecy i was trading stocks at the NASDAQ and made 35 percent return roughly every 6 months.

how i started

it started one day when I was playing online and a buddy told me how much he was making, i said no way, iimpossibleto make so much with so little, but i did my research and what do you know it was true i immediately sold all my stocks at td Ameritrade , such as Tesla bought at 205 sold at 380 amd bought at 6 sold at 15 etc.

one of my rigs filled with p106 580s and even 1060, of all brands

here's why u should seize the opportunity today or prefurably yesterday when ether was 280 ish

it a very good time to buy cause etherium will go back up its just a matter of how long
why?

  1. alt coin depends on etherium and bitcoin in order to trade such as bittrex(one of the biggest exchanges)

  2. this has happened before and will continue to happen because people freak out, which I personally understand just go to marketcap.com and look at the graphs

  3. this is for the time being tax free on your gains,

4 just because the Chinese market officially banned ICO doesn't mean that they aren't gonna still invest their money its better returns and stability than the Chinese currency.

if u wanna know how do I maintain these rigs, from tempature/climate of the room to running power lines and even setting up ur account and dealing with pools or even which coins i'll reccommend, ill be posting

give me follow and give this a

coin advice ill be here and a little bonus for yall staying till here, check out ubiq https://ubiqsmart.com/ the potential is

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Upvote and resteemed. Good luck on ur investment. I am very interested to know how u manage the nvironment and the recurring electricity bills incurred.

ill make a detail post on that very soon

I have no bunghole!

Very true, FOMO and FUd will undoubtedly always cause the weak hand syndrome and panic selling which creates BUY opportunities for those more experienced with these wild market swings. Fundamental news will always have major impact on the market. The main issue is staying focused and not getting emotionally cause up in hype or FUD.

your right !!!!!! just like the classic trope of people they will always panic, that how i made a 20 percent return in a day or two chk chesapeake oil, back when opec and major oil producers tried to limit oil production, but dont forget momentom traders they are the one who often start the panic.

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This was a very informative post thank you for sharing and you must really know you're stuff!!!

Good points in this article. Interesting to see I'm not the only one that is thinking about this. I strongly advice people to only buy in to cryptos that have a solid background: A solid team, product, advisors, preferably VC investors, etc. Sell all cryptos that don't have this solid background. It's a waiste of money. Personally I always use: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto.