As we all know what goes shooting up also comes shooting down. When people talk about crypto currencies and when people tried selling me the opportunities around crypto currencies.
They all give examples around how Facebook, YouTube and Bitcoin went crazy make people millionaire. The new crypto curreny opportunities will do the same and many millions have invested in over 700 crypto currencies.
I have to inform you stay away from scams and do your homework do not get greedy. People who get greedy and gamble everything they have also lose everything they have too. Think smart and invest smart.
We all know how Bitcoin went crazy and it was valued at £2,300 just 3 days ago. Today it is valued at £1,990.
So what does this mean?
It is predicted by people, not sure what their qualifications is that bitcoin will reach the value of £1 million in next 10 years. Please are starting to go made with it all.
They are forgetting over 60% of people are poor and over 77% of poor people do not have bank accounts. Many cannot afford internet. With the value being so high, many people will not be able to afford this.
The governments will start to make loss and will put restrictions on. Governments are controlled by the banks, so banks will influence the policies.
Until authorities take action, Bitcoin will continue to increase in value but sooner or later. Just like MySpace, Hi5 and many other similar companies disappeared and now one remember them. Bitcoin will be joining them. RIP!!
Let me know what you think... Share your views.
the thing about decreasing bitcoin price is everyone starts to panic and it snowballs into everyone selling it to crash back down and test previous values. whenever it had it's first huge spike to the ~$500 range people did the same thing and crashed it down to the $250 range where it stayed for a long time and everyone thought they missd out on the big max value, but here we are playing with $3000 range, so I'd guess the lowest it will crash down is $1500 but this time the recovery will be much faster because it's already proven itself to recover, so it will climb to $10000 or more within a year I think. The other thing is a million dollar bitcoin doesn't really exclude anyone unless fees are still 0.001, because you can buy fractions of bitcoin like buying 0.000001BTC at a million dollar bitcoin value would be $1
So its better to just buy bitcoin and not invest in things... just wait it out. Sounds good
well, I'm not sure it's good to have all your eggs in one basket, some things can actually grow more rapidly than bitcoin and in a more stable way, but I wouldn't go too far worrying about it crashing down entirely, and if it goes down to 1500 and hits a floor it'll be a sign it's going to shoot up again
Unless you wrote that in error. I disagree its better to spread your investments if one fails the other will still get you something.
Problem is people are investing in crypto currency for money making. The day it is used nationally for shopping then you know its going to hit the sky. Best to buy and wait it out i think could take 5 years or so.
Where were you when bitcoin went from $1000 to $200? This is a small pullbck my friend! ;)
Agree !
Sometimes can be a beginning towards the end... its cycle of live
I hope BTC drops all the way down to $1.00...............so I can get more :-)
Yeah, we think we would, but when everyone around you is panicking, it is very difficult to stick to your beliefs that something could recover from a 2500x drop in value.
Couldn't disagree more. XBT's market cap is currently at $42 Billion USD, and has always suffered from huge mood swings and volatility. A bear spike is nothing to be worried about and the price will rebound no doubt .
Bitcoin is not a company, so would never follow companies like 'Myspace' or 'Hi5' in to oblivion.
As the price of XBT increases, while many people might not be able to hold an entire bitcoin, the coin itself is fractional to 100 million units, or Satoshis and the idea is that people can afford any amount of Bitcoin to suit their budget.
90% of the world is connected to the internet and most under-developed nations have better internet access than in countries like the UK.
What are your thoughts on onecoin? Many say its a scam.
OneCoin is a complete MLM scam. They were telling people the value of their "Coin" in their PR rubbish before launch. The market dictates price, not some swindling, life savings stealing ass hats.
I agree and you have confirmed my beliefs.
How about USI-Tech mining and trading platform... They offer average 1% return on daily for the capital invested. Sound like a scam or genuine?
The problem with programs like USI and Gladiacoin, is that they rely on daily fresh income from new subscribers to their programs to pay out existing members.
Many call them ponzi scams or whatever, but they do work if you join early, but the have a tendency to collapse before anyone makes real money or their ROI back.
Sure, some people make a fortune, but it will always end in tears.
Coin wise, I would recommend sticking to coins that are on coinmarketcap.com if you are looking to trade or invest, and if you are looking for an affiliate program or matrix to join, find one with a solid system, a REAL product that someone is getting for joining and a decent commission payout.
Need to do my homework... i did join USI - Tech the guy who got me in... i saw his account his making 5k a week, with 2200 people under his team... im making £7.50 a week which is a joke compared to his income. His boss is on £100k a month ridiculous amount... i got excited but you are right only works until it crashes and no more people are joining.
Anything youd recommend?
I build matrix programs with my team that have real products and payout in Bitcoin, but I have seen a trading education program with a good commission payout called icoinpro, I am not in it myself, but have heard good things about it.
I recommend avoiding ponzi schemes. It is much more profitable to invest in coins by simply buying them and waiting for the price to rise. The trick is to pick one that doesn't totally suck. I would just recommend the coins I have, but short term gains are not gauranteed. However, long term is nearly impossible to lose money, unless you pick a really bad coin like litedoge or something. But who knows, anything has the potential to be the next big thing.