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I see it so in the coming summer
Keep it in an encrypted wallet and back up on USB drive.Credit cards are insured, bank accounts are regulated and PayPal has internal mechanisms. With cryptocurrencies you are on your own about the security, at least for now.
Can you explain how a crash has begun? The market has been soaring for a long time. There was literally 2-3 days of dips which are already recovered for the most part.people I'm with you, i believe in crypto's technologies, but my thread is to warn of the crypto crash that has begun and the possible move of money to domains in a few months. I am not saying it is the end of cryptos... but there is going to be a big wash-out.
There are ups and downs in all markets. I'm sure people laughed off domains and the internet in the 90s too.@Keith, that is the tale story of a bubble burst. it is classic. a strong sell off with volume, followed in a short time by a big rebound, and then the resume of the trend down.
i grant calling for a top in a bubble is always a risky prediction but so far is what it looks. people are too complacent, too secure of their believes on the great new world that cryptocurrencies will bring and not looking for the highly and broad inflated market price.
we have had every single crypto being pumped up. the tide has lifted all boats, people are swimming happy on their huge paper profits but soon we'll be seeing who is swimming naked.
@Keith, we have to agree on disagreeing on this . i think what only takes me a part from the rest (most?) is that I am looking to the short-medium term and expect a huge market contraction, kind of the dot-com bubble (that was also not the end of the internet).
and it is not good for our health (mental and physical) seeing profits and market cap reduce by 80 to 90% in several months to 2 years and being stuck to the positions...
Getting close with the obvious rebound - $226. You guys should've bet 1 ether.@deez007, bookmarked!
You mean this surprise? Lolafter a surprise, another surprise coming...
The federal reserve is a private organization that controls your money. Btc is controlled by the people who invest in it. There is no comparison...btc is superior!Greater fool theory gone ballistic. U.S stock market is likely in the same situation, but at least it's got the federal reserve action and 401k contributions going for it. All bitcoin has are donations.
The fact that the federal reserve is a private organization that controls your money (as you put it) doesn't negate my comment. It supports it.The federal reserve is a private organization that controls your money. Btc is controlled by the people who invest in it. There is no comparison...btc is superior!
Hahahaha I have been involved with Crypto for several years. You want to talk about the dip over the past two days as a basis for your theory? I have a deep understanding of what market bubbles are vs sustainable business models and markets. Anyone that says Crypto is crashing knows nothing about crypto, don't be fooled with what you THINK you know.
I will even go out on a limb and make a bold claim that before the end of JULY, ...ETH will be close to OR over $300. Bookmark the date on your calendar then come back to this thread and prove me wrong!
BTC will hit $4k+ by end of the year and ETH $500 imo.
I'm just curious if people are able to cash out on their chips, so to speak, at will? While there might be liquidity for lower levels of trades happening, perhaps 10-100 or so BTC for example happening, I wonder if anyone has been able to encash say 100+ worth of BTC or their counter part Crypto? Which is where, all these boil down to?? Having millions of BTC and Ether and xyz in your digital wallet is one thing but they need to be translated to cash at will to make it really an asset?No?
I don't have a dog in the fight, was just curious on the liquidity part. My apologies, if my understanding on the whole crypto market is superfluous.
Greater fool theory gone ballistic. U.S stock market is likely in the same situation, but at least it's got the federal reserve action and 401k contributions going for it. All bitcoin has are donations.
The fact that the federal reserve is a private organization that controls your money (as you put it) doesn't negate my comment. It supports it.
Btc is superior to what?
you can buy it on online exchanges like Coinbase.com, Kraken.com, Poloniex.com, etc.
be careful thought, there is not a single one exchange that is professional, like you are used to on equity markets. all amateurs, with lots of bugs, down times, etc.
but they work well for the typical buy and hold kind of investor.