Will Bitcoin Recover Or Continue To Dive?

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  • The Kraken
    BARRELED IN @ SBR!
    • 12-25-11
    • 29085

    #36
    Originally posted by Rich Boy
    Here is the main problem with bitcoin. It promotes illegal activity, criminals will abuse it. Also its an easy hacking target, its not stable.

    Several governments have banned it, why would that trend stop.
    It promotes illegal activity and criminals abuse it, sounds like the US dollar
    Comment
    • sourtwist
      SBR Hall of Famer
      • 11-10-12
      • 9364

      #37
      Originally posted by The Kraken
      It promotes illegal activity and criminals abuse it, sounds like the US dollar
      exactly

      the US dollar is debt...and we slave for it

      the federal reserve is the private company run by our slave owners

      people still don't know this, nor do they care
      Comment
      • bhoor
        SBR MVP
        • 12-17-12
        • 2259

        #38
        Bitcoin is the next great thing like internet. Going against Illuminati/Banking folks is their eventual demise. Behind the scene, there is lot happening.
        Comment
        • bhoor
          SBR MVP
          • 12-17-12
          • 2259

          #39
          Originally posted by sourtwist
          exactly

          the US dollar is debt...and we slave for it

          the federal reserve is the private company run by our slave owners

          people still don't know this, nor do they care
          When major economies/countries go away from US $, that's where the trouble will start for US. By the time, US will create multiple wars around the world to keep the US $ relevant.
          Comment
          • Git Lo
            SBR MVP
            • 02-20-11
            • 3790

            #40
            Originally posted by bhoor
            Bitcoin is the next great thing like internet. Going against Illuminati/Banking folks is their eventual demise. Behind the scene, there is lot happening.
            behind the scenes your boss also holds btc
            Comment
            • TheSchafe
              SBR MVP
              • 12-29-09
              • 2143

              #41
              Way too volatile. I hate even having a sports book withdrawal in my coinbase wallet for more than 5 seconds.
              Comment
              • sourtwist
                SBR Hall of Famer
                • 11-10-12
                • 9364

                #42
                Originally posted by bhoor
                When major economies/countries go away from US $, that's where the trouble will start for US. By the time, US will create multiple wars around the world to keep the US $ relevant.
                Yes

                They call that the petro-dollar

                Every war we have been involved in, in recent times, were countries who were trying to get off of the dollar...what they got instead was a Rothschild/world bank

                Wars are not what we think they are
                Comment
                • fried cheese
                  SBR MVP
                  • 09-17-13
                  • 4467

                  #43
                  im not gonna buy again until the mt gox trustee sells all his coins. the mining rewards halve in 2020 so bitcoin should rise leading up to that.
                  Comment
                  • 19th Hole
                    SBR Posting Legend
                    • 03-22-09
                    • 18390

                    #44
                    Originally posted by sourtwist
                    Lol illegal transactions
                    Who makes things illegal?Those who look to control you
                    People who only use bank cards and barely use cash are complicit in stealing our freedom
                    Don't let the banks control you
                    Originally posted by sourtwist
                    exactly
                    the US dollar is debt...and we slave for it
                    the federal reserve is the private company run by our slave owners
                    people still don't know this, nor do they care
                    ~~~~

                    Yep...Right there on the page in black and white.
                    Comment
                    • jjgold
                      SBR Aristocracy
                      • 07-20-05
                      • 388208

                      #45
                      Volume way down also at exchanges

                      Most people do not trade it anymore because they lost everything
                      Comment
                      • Snowball
                        BARRELED IN @ SBR!
                        • 11-15-09
                        • 30076

                        #46
                        There are a number of important reasons why Bitcoin has further to fall.
                        Here's a few.

                        - The Bitcoin Cash "split" was really an argument between miners that resulted in losing value
                        for Bitcoin only. No matter if you own both, it happened.
                        - The notion of assigning a value in real goods to cryptocurrency has taken hold with nation states
                        and banks. No more just backed by nothing, but backed by assets and committments. This is the main
                        problem for bitcoin. Official state/institution backing of new blockchain currencies with all the tech of BTC
                        but none of the negatives.
                        - Hacks and Dark Web police actions
                        - Biggest, first-gen BTC tycoons unloading
                        - Legalization of marijuana and sports betting means these activities can now be conducted in dollars
                        which are easily swapped for other currencies.
                        Comment
                        • Ironman07
                          SBR Wise Guy
                          • 05-16-10
                          • 615

                          #47
                          Bitcoin does have a storied history and there are many who have financial interests to keep the cycle relevant. However once its started trading on US markets it was doomed.. the chance for large entities -banks large corps to short the market with such short leverage put it into free fall.. the key question is always how a commodity reacts when its allowed to trade on the free marketplace and as predicted by many the two way action with much larger short positions kept it muted. along with continued security hacks and loss of public interest and large institutions continuing to short the market will only lead to further price issues.
                          Comment
                          • sourtwist
                            SBR Hall of Famer
                            • 11-10-12
                            • 9364

                            #48
                            Originally posted by 19th Hole
                            ~~~~

                            Yep...Right there on the page in black and white.
                            Plz explain
                            Comment
                            • jjgold
                              SBR Aristocracy
                              • 07-20-05
                              • 388208

                              #49
                              many exchanges will go bust except a few of the regulated ones

                              Same happened to FOREX.....90% went bust in USA

                              BE CAREFUL
                              Comment
                              • 19th Hole
                                SBR Posting Legend
                                • 03-22-09
                                • 18390

                                #50
                                Originally posted by sourtwist
                                Plz explain
                                It's very clear. I agree with the quoted material.
                                Comment
                                • RudyRuetigger
                                  SBR Aristocracy
                                  • 08-24-10
                                  • 65107

                                  #51
                                  i hope it fukkin crumbles

                                  WOULD LOVE IT

                                  just would prove the players advocate right once again

                                  expect HRwager among others to go out of business if it dips to 3k

                                  GET MONEY OUT NOW
                                  Comment
                                  • sourtwist
                                    SBR Hall of Famer
                                    • 11-10-12
                                    • 9364

                                    #52
                                    Originally posted by 19th Hole
                                    It's very clear. I agree with the quoted material.
                                    is that the first time you have ever agreed with me? lol
                                    Comment
                                    • ans61201
                                      SBR MVP
                                      • 10-11-15
                                      • 3661

                                      #53
                                      Originally posted by RudyRuetigger
                                      i hope it fukkin crumbles

                                      WOULD LOVE IT

                                      just would prove the players advocate right once again

                                      expect HRwager among others to go out of business if it dips to 3k

                                      GET MONEY OUT NOW
                                      Only two types of clowns that would "love" for others to lose money. But fact is, both of them are clowns. Moron.
                                      Comment
                                      • jjgold
                                        SBR Aristocracy
                                        • 07-20-05
                                        • 388208

                                        #54
                                        I only have a few dollars in coin-base

                                        Would never trust any other exchange most not regulated
                                        Comment
                                        • 19th Hole
                                          SBR Posting Legend
                                          • 03-22-09
                                          • 18390

                                          #55
                                          Originally posted by sourtwist
                                          is that the first time you have ever agreed with me? lol
                                          Nope.
                                          Comment
                                          • jjgold
                                            SBR Aristocracy
                                            • 07-20-05
                                            • 388208

                                            #56
                                            I advise to pull out your money everywhere but a legal usa exchange that is regulated

                                            Do not leave in 3rd party providers for more than 1 day
                                            Comment
                                            • Git Lo
                                              SBR MVP
                                              • 02-20-11
                                              • 3790

                                              #57
                                              And just like that cryptosporidiosis slammed again
                                              Comment
                                              • ROFLcopter
                                                SBR MVP
                                                • 06-16-10
                                                • 4446

                                                #58
                                                You shouldn't be leaving your coins on an exchange in the first place...
                                                Comment
                                                • daneblazer
                                                  BARRELED IN @ SBR!
                                                  • 09-14-08
                                                  • 27862

                                                  #59
                                                  Dead as a hammer. Might as well have arcade tokens
                                                  Comment
                                                  • RudyRuetigger
                                                    SBR Aristocracy
                                                    • 08-24-10
                                                    • 65107

                                                    #60
                                                    Originally posted by ans61201
                                                    Only two types of clowns that would "love" for others to lose money. But fact is, both of them are clowns. Moron.
                                                    you must be a liberal
                                                    Comment
                                                    • Sam Odom
                                                      SBR Aristocracy
                                                      • 10-30-05
                                                      • 58063

                                                      #61
                                                      JJ

                                                      Put your coins at GDAX
                                                      Comment
                                                      • jjgold
                                                        SBR Aristocracy
                                                        • 07-20-05
                                                        • 388208

                                                        #62
                                                        Sammy I LOST MOSTLY EVERYTHING
                                                        Comment
                                                        • Hman
                                                          SBR Posting Legend
                                                          • 11-04-17
                                                          • 21454

                                                          #63
                                                          I've lost a few hundred this week after a withdrawal & waiting for it to go back up isnt working so about to take my losses before it gets worse.
                                                          Comment
                                                          • bonzaii
                                                            SBR Hall of Famer
                                                            • 07-07-17
                                                            • 5002

                                                            #64
                                                            Originally posted by jjgold
                                                            Sammy I LOST MOSTLY EVERYTHING
                                                            0*0= women with big titties or in your case 0
                                                            Comment
                                                            • paco
                                                              SBR Aristocracy
                                                              • 05-07-09
                                                              • 62873

                                                              #65
                                                              Charlie Lee, the man behind Litecoin bailed on his own coin and cashed out at the all time high of like 420$. He claims he didn’t want a “conflict of interest”. Classic pump and dump and many left holding the bag
                                                              Comment
                                                              • JoeCool20
                                                                SBR MVP
                                                                • 05-31-18
                                                                • 4440

                                                                #66
                                                                Originally posted by Bsims
                                                                Very rational position to take.

                                                                Yep.
                                                                Comment
                                                                • JoeCool20
                                                                  SBR MVP
                                                                  • 05-31-18
                                                                  • 4440

                                                                  #67
                                                                  Originally posted by ArunSh
                                                                  Every day I see new theories by new people about what's going to happen. Frankly, I don't think anyone really has much clue, seems like a total guess.

                                                                  Of course if you guess it goes up or down, basically 50/50 chance of being correct so plenty of these geniuses do that and then proclaim themselves to know what's going on - of course they don't mention the times they were wrong!

                                                                  So I personally am just sitting back and waiting to see what happens without stressing over it - obviously can't control it anyway and no need to let your hair turn gray by worrying about it.
                                                                  LOL Good post about 50/50! I think it will be a lot less than 50/50 if people keep on stealing millions of the sheit over & over.

                                                                  Some more millions of it just got hacked & stolen the other day. How the hell are people ever going to trust it if people keep stealing millions of it every time we turn around! LOL
                                                                  Comment
                                                                  • Stifler
                                                                    SBR MVP
                                                                    • 11-11-09
                                                                    • 3511

                                                                    #68
                                                                    Originally posted by JoeCool20
                                                                    LOL Good post about 50/50! I think it will be a lot less than 50/50 if people keep on stealing millions of the sheit over & over.

                                                                    Some more millions of it just got hacked & stolen the other day. How the hell are people ever going to trust it if people keep stealing millions of it every time we turn around! LOL
                                                                    Exchanges getting hacked, people not caring about their private keys getting hacked. Whoever has their coins sitting on any exchanges basically lets a third party decide over the money. Its not even better than keeping your funds in the bank. Rule number 1 - if you dont want to take control of your money others will...

                                                                    And on a sidenote, cryptocurrencies wont die...we will see new all time highs, wie will have an even bigger bull run in the future. people are just getting to emotional by the crash since december. In fact the economy is moving forward every day if you watch it carefully and just dont look at the prices only. Im buying in on those nice discounts...
                                                                    Comment
                                                                    • RudyRuetigger
                                                                      SBR Aristocracy
                                                                      • 08-24-10
                                                                      • 65107

                                                                      #69
                                                                      Originally posted by Stifler
                                                                      Exchanges getting hacked, people not caring about their private keys getting hacked. Whoever has their coins sitting on any exchanges basically lets a third party decide over the money. Its not even better than keeping your funds in the bank. Rule number 1 - if you dont want to take control of your money others will...

                                                                      And on a sidenote, cryptocurrencies wont die...we will see new all time highs, wie will have an even bigger bull run in the future. people are just getting to emotional by the crash since december. In fact the economy is moving forward every day if you watch it carefully and just dont look at the prices only. Im buying in on those nice discounts...
                                                                      good luck with that bro

                                                                      online gambling becoming legal plus trump saying marijuana should be left to the states = no reason for cryptos to be around
                                                                      Comment
                                                                      • bonzaii
                                                                        SBR Hall of Famer
                                                                        • 07-07-17
                                                                        • 5002

                                                                        #70
                                                                        Originally posted by RudyRuetigger
                                                                        good luck with that bro

                                                                        online gambling becoming legal plus trump saying marijuana should be left to the states = no reason for cryptos to be around
                                                                        Comment
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