Bitcoin Price Is Down 50% This Year Alone

khachik · 07-28-2018, 10:36 PM

(07-28-2018, 05:53 PM)ajaysachdev1002 Wrote: What increases eventually decreases. It's just how things work. Who knows, maybe Bitcoin will skyrocket tomorrow, or maybe it will die.

My thoughts exactly

mothered · 07-29-2018, 03:05 AM

(07-28-2018, 10:35 PM)khachik Wrote:
(07-28-2018, 03:35 PM)mothered Wrote:
(07-28-2018, 03:32 PM)khachik Wrote: It's funny, but one day it will be probably worth nothing

Everything comes to an end at some point.

I just don't see It happening with BTC anytime soon.

We're just way too small to know who's pulling strings and in which direction, but who knows what will happen in a decade or two

I certainly agree.

Compare Bitcoin (nowadays) to when It originated. If we Invested big time then, we'd be sitting on a beach In the Bahamas without a care In the world.

Ukulele · 07-29-2018, 11:30 AM

Bitcoin decreased 5 times for 50% in 2017 afaik. Iam in cryptos for over 2 years now and iam @ 10 times the money i spend. (even tho i was at 40 times but who cares the only thing to do is hooooooold Biggrin

)

skrtja · 07-29-2018, 12:33 PM

I know someone who in the bull of alt-cryptocurrencies back in Jan invested 10k into Intense Coin. I knew this was a bull as I was smart enough to gauge market pressure and also attention being put onto crypto by the common man. People who had no business investing had holdings in BitCoin and such and posted it on their Snap story in my local. By this point I knew it's best not to invest money as more uneducated people started investing. If I cashed out I could've had probably $80. I had mined for about a month with my 7970 but there isn't any use for it anymore as it's only mediocre for games and my PSU went out (thanks thermaltake for not helping a real customer). Given my $80 is worth about maybe $5, I feel bad for the college aged student that saved that 10k as a safe fund and invested into crypto. He should've invested in an ETF in my humble opinion.

sarahxia618 · 09-01-2018, 07:00 AM

Take it easy, bitcoin will never be going to die, it is the safe haven of inflation.

mothered · 09-01-2018, 07:17 AM

(09-01-2018, 07:00 AM)sarahxia618 Wrote: Take it easy, bitcoin will never be going to die, it is the safe haven of inflation.

Agree.

At this point, I don't see anything that may have a negative Impact on It's trading to the point of closure.