Will Bitcoin Recover Or Continue To Dive?

[Hman]

I can't catch a break with Bitcoin.

Have withdrawn too soon in the past & lost out on thousands when it went up & losing money lately by waiting while it sinks.

Suggestions or input from you guys who follow it on what the very near future holds?

[Sam Odom]

BTC is doing very well since Sammy bought his first one

[sourtwist]

Idk, but i ordered $100 in BTC from the store last night and it's already in my binance acct...didn't expect it so quick.

Im still stacking, so hopefully I am right by HODLing

We will never know what the future holds, but if we believed in something, we have to give it a chance.

Also buying more ADA wouldnt hurt. Back down to .17.

[jjgold]

it will never be big anymore

Basically a dead product an not much use in real world

Just a speculative asset that is it

[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.

[sourtwist]

it will never be big anymore

Basically a dead product an not much use in real world

Just a speculative asset that is it

No

It's am exceptional way to transfer funds without using a bank.

BTC is meant to be used, not speculated on. If you are speculating at this point, know the risk involved.

[A4K]

If China tightens up how citizens can move money around the globe in response to tariffs you may see BTC soar to the moon again.

[dlowilly]

It was never going to be a smooth road competing with or overtaking the global banks

They start wars and assassinate leaders to control and manipulate money, u think they were just going to lay down and let this happen?

[klemopixx]

http://money.cnn.com/2018/06/11/investing/coinrail-hack-bitcoin-exchange/index.html

Billions in cryptocurrency wealth wiped out after hack.

Knew this crap was going to happen.

[hubie69]

Wagering on BTC to not reach 10,500 by June 20th, easy cash I ever made (Apr 20 - June 20).

[jjgold]

Too many laws coming down the road to regulated Wells Fargo already banned ************ coin base

[hubie69]

So many factors for why it's down.

[bhoor]

It was never going to be a smooth road competing with or overtaking the global banks

They start wars and assassinate leaders to control and manipulate money, u think they were just going to lay down and let this happen?

And Russian and Chinese have the most of the BTC holdings. US, most importantly CIA, would not allow BTC becoming a player. Gaddafi wanted his payments in gold, you know what happened to him. It's a big-time silent war against BTC in all fronts.

[A4K]

And Russian and Chinese have the most of the BTC holdings. US, most importantly CIA, would not allow BTC becoming a player. Gaddafi wanted his payments in gold, you know what happened to him. It's a big-time silent war against BTC in all fronts.

Of course it is. Untraceable payments threatens the world banking system. Can you imagine if BTC became stable and transactions took seconds?

[jjgold]

Big bet dive

[Waterstpub87]

Lovin bitcoin recently. Not to invest in. Love that it is back to transactions taking an hour for less than .10$. Like the good old days.

[Sam Odom]

JJ , call the Bitcoin Office and see what's really going on...

[Harry N. Lloyd]

I'm not sure.

For 3 years I've only studying it, trying to figure out wtf it is, why it's better than US currency (backed by gold), how can I be sure it's not a total scam, why it's not a pyramid scheme.....?

I'll report back in a few more years when I figure it out.

[Sam Odom]

Harry , you are trying to figure out how to use a hammer for a telephone

Simple , use the hammer for driving nails

[RonPaul2008]

I'm not sure.

For 3 years I've only studying it, trying to figure out wtf it is, why it's better than US currency (backed by gold), how can I be sure it's not a total scam, why it's not a pyramid scheme.....?

I'll report back in a few more years when I figure it out.

The U.S. Dollar is not backed by gold and hasn't been since 1968.

[Harry N. Lloyd]

The U.S. Dollar is not backed by gold and hasn't been since 1968.

Agreed, but it's backed by the US Gov't. What's Bitcoin backed by......some Japanese dude no one knows?

[Harry N. Lloyd]

Talk about 'Blue Sky'. You're buying vapor.

And it can be easily hacked, stolen, or lost.

Reminds me of those pyramid investing schemes that were popular in the 80's.

[icon]

Agreed, but it's backed by the US Gov't. What's Bitcoin backed by......some Japanese dude no one knows?

Bitcoin and every other crypto is backed by belief/faith in the product by its users and nothing else.

I find the whole bitcoin/crypto scenario to be fascinating. Has been an amazing story for a while now, and I honestly could never really accept that it is worth thousands per coin even when I used it to deposit and cash out.

I've always been a skeptic, even though I was an avid user.

[Harry N. Lloyd]

Harry , you are trying to figure out how to use a hammer for a telephone

Simple , use the hammer for driving nails

Sammy, give me a call......on my cell hammer.

[Sam Odom]

Sammy, give me a call......on my cell hammer.

Point being... 90% of us should just use btc for deposits/WDs

Not looking to be the next bitcoin millionaire

[themike78]

Only thing good about bitcoin is it can be used to deposit and withdraw from books. Other than that I have no use for it. 99 percent of regular people dont use it for anything either. Nobody uses bitcoin but gamblers and people using it for illegal transactions. Notice how no big companies want anything to do with it. Its pretty much useless. Bank card transactions take less than a second. Blockchain takes several minutes if not hours. What's the use for it?

[xKMACKx]

Depends if Tether was propping the price up. If that was the case, like many believe, then it's going to be hard for it to skyrocket again. CFTC is currently investigating price fixing with a few exchanges so we'll see where that goes.

[sourtwist]

Only thing good about bitcoin is it can be used to deposit and withdraw from books. Other than that I have no use for it. 99 percent of regular people dont use it for anything either. Nobody uses bitcoin but gamblers and people using it for illegal transactions. Notice how no big companies want anything to do with it. Its pretty much useless. Bank card transactions take less than a second. Blockchain takes several minutes if not hours. What's the use for it?

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

[Bsims]

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.

Very rational position to take.

[raiders72001]

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

great post.

[spurginobili]

http://money.cnn.com/2018/06/11/inve...nge/index.html

Billions in cryptocurrency wealth wiped out after hack.

Knew this crap was going to happen.

Wow, thanks for that...didn't know

[convick]

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

I bet mike is good boy and keeps all his money in banks. Those assholes get offended if you go into their branches and ask to withdraw a couple thousand dollars of YOUR money. Sometimes they try to ask what you're going to use the cash for! Then their last ditch effort is to tell you about saving accounts.

But yeah, that's who we should trust.

[Git Lo]

Wow, thanks for that...didn't know

this has been going on for awhile well before the run up to 20k, back when btc was under a thousand. Unless you are a trader, you would have to to be dumb to "invest" in crypto given its inherent risks. The boat for quick gains sailed months ago

[Rich Boy]

Bitcoin is a scam just like any other penny stock pump and dump, same pattern

[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.