Rumour Bitcoin will plummet soon to 2k within 12 hours

[Xaelath]

In recent days it was hitting 19k+ now its on 14k.

Did something happened?

[techtips.]

I dun-even-no.

[jahpeg]

Pff, who even cares about Bitcoin anymore

[Danksama]

Where'd your hear the rumour? Probably just an attempt to manipulate the market. I wouldn't even be so opposed to it dropping, it has before but it recovers.

[anrkyuk]

There's been a large amount of negative press about bitcoin here in the UK over the past few days claiming it's high risk, a bubble thats going to burst and that basiclly the only people who use it are criminals and terrorists and that if you use it you are aiding them. In truth like many governments, the UK is trying to find ways of abolishing cash so they can track and tax everything and anything and bitcoin undermines their efforts.

The fact of the matter is news outlets should stick to reporting news, not creating it as all they are trying to do, including this post is undermine peoples confidence to make such a burst bubble happen.

OP, any govenment affiliation you wish to confess to ?

[Zekiran]

Y'all need to be awokeAF.

https://www.youtube.com/watch?v=g-zIbVEjVpQ

[Xaelath]

Originally posted by Danksama:

Where'd your hear the rumour? Probably just an attempt to manipulate the market. I wouldn't even be so opposed to it dropping, it has before but it recovers.

The indenpendent 20 mins before thread was created or 1 hour ago.

Originally posted by anrkyuk:

There's been a large amount of negative press about bitcoin here in the UK over the past few days claiming it's high risk, a bubble thats going to burst and that basiclly the only people who use it are criminals and terrorists and that if you use it you are aiding them. In truth like many governments, the UK is trying to find ways of abolishing cash so they can track and tax everything and anything and bitcoin undermines their efforts.

The fact of the matter is news outlets should stick to reporting news, not creating it as all they are trying to do, including this post is undermine peoples confidence to make such a burst bubble happen.

OP, any govenment affiliation you wish to confess to ?

Goverment affiliation?
hmm.. its a secret.

[Burgerpunk 2020]

Bitcoin is called the currency of the future because all currency transactions are confirmed in the distant future.

You should instead invest in Buttcoin because Buttcoin is backed by gold comedy gold and isn't a speculative bubble that will crash harder than dot coms.

This message was brought to you by Buttcoin Foundation.

[Danksama]

Originally posted by Reployer:

Bitcoin is called the currency of the future because all currency transactions are confirmed in the distant future.

You should instead invest in Buttcoin because Buttcoin is backed by gold comedy gold and isn't a speculative bubble that will crash harder than dot coms.

This message was brought to you by Buttcoin Foundation. :dip:

A literal ♥♥♥♥♥♥♥♥

[tiseno100]

If the govt doesnt control the currency, then theyll try whatever possible to destroy it.

Bitcoin has risen and fallen

[Xaelath]

Originally posted by Kresinite:

i think it might be because the owner of bitcoin.com said he sold off all his BTC as it had reached its potential, tbh its probably just a ploy so he can sell big and then buy low when it goes down lol

Apparently it's not enough although it already affect 25% of the currency.

What i mostly hope when it finally stuck due the block chain and difficulty.
Will it even become stagnate to the point it's almost impossible for people to mine 1 bit coin with size of factory?
I hope that happen so GPU price return to normal.

[Sólstafir]

Originally posted by Toast:

It's called a bubble. They happen. It seems to be a common thing for people to act surprised when the bubble bursts, as if it's never happened before.

I know. People tend to forget about history when they think they're making easy money. Greedy idiots will always be greedy idiots.

[Radene]

Originally posted by Kresinite:

i think it might be because the owner of bitcoin.com said he sold off all his BTC as it had reached its potential, tbh its probably just a ploy so he can sell big and then buy low when it goes down lol

Wasn't that Litecoin?

Originally posted by tisenoiazei100:

If the govt doesnt control the currency, then theyll try whatever possible to destroy it.

Bitcoin has risen and fallen

Bitcoin isn't a currency. And it doesn't seem like it was ever supposed to be anything other than a "speculative investment".

Though it's be surprised if it crashed now; I'd have expected it to spike to 25-30k or so before it does...(and no, I'm not touching it with a ten foot pole myself, just guessing here).

[Xaelath]

Originally posted by Radene:

Originally posted by Kresinite:

i think it might be because the owner of bitcoin.com said he sold off all his BTC as it had reached its potential, tbh its probably just a ploy so he can sell big and then buy low when it goes down lol

Wasn't that Litecoin?

Originally posted by tisenoiazei100:

If the govt doesnt control the currency, then theyll try whatever possible to destroy it.

Bitcoin has risen and fallen

Bitcoin isn't a currency. And it doesn't seem like it was ever supposed to be anything other than a "speculative investment".

How it isn't a currency if people already trading it?
I mean it is imaginary but it does have value.

[Indiana Georg]

Screw bitcoin doge coin is my ♥♥♥♥

[Radene]

Originally posted by Xaelath:

How it isn't a currency if people already trading it?
I mean it is imaginary but it does have value.

A currency is a system designed to make the exchange of goods and services more convenient. In order for a currency to be functional, it must circulate, rather than be hoarded as an "investment".

Also, for a currency to be functional, if 1 Radene-coin buys 1 loaf of bread today, one expects that 1 Radene-coin is going to buy one loaf of bread tomorrow, not having to guess whether it will be three loaves of bread or half a loaf of bread.

Also also, for a currency to be functional, you need to be able to pay with it directly, not through a third party - for example, you never could buy games on Steam with Bitcoin. Steam only takes "real" legal tender.

And in the end, if "being traded" is enough to make something a currency, then Steam trading cards are a currency, and M:TG cards are a currency. And tulip bulbs were, that one time, in Netherlands, and we all know how THAT ended.