(Dec 17, 2017 06:17 AM)BigBuddy. Wrote:  I don't think it's a good idea to put all your money on bitcoins. We may see bitcoin will reach $50k in 2018 but $100,000 will take some time maybe years.

(Dec 17, 2017 06:19 AM)merbahax Wrote:  i think you have a duplicated program, PM a staff to remove it

(Dec 17, 2017 06:21 AM)vaxton Wrote:  profit still a profit. even 50k is good tho

(Dec 17, 2017 06:22 AM)BigBuddy. Wrote:  lol. I think it's a forum bug because this thread showing as posted by guest rather than OP.


There is no guarantee that it will surely reach $50k.

(Dec 17, 2017 06:34 AM)vaxton Wrote:  and why it wont reach 50k?
it should rise more since btc is well-known now and many rich people are buying it.

(Dec 17, 2017 06:51 AM)Meerkat. Wrote:  Please.. Don't go all-in on something like Bitcoin with the current state of things. Just the fact that so many people are speculating that it's a bubble confirms that it's a bubble. A bubble like this can last years though..

Just because rich people are buying it doesn't mean that it will continue rising. It just needs a trigger to start a panic sell-off. Any sort of big news.

Sure, it may hit $50k. It may hit $100k. It may hit $300k. But the more it goes up, the harder it is going to crash when it does crash.. And it'll be impossible to time the crash. Might be a few weeks from now, might be a few months, might be years. Nobody really knows. But look in the past, before BTC even became "Mainstream", and there were mainly just "believers" of Bitcoin, Mt Gox caused a huge crash. The China bans caused a pretty big crash.

Everyone right now is just wanting a "piece of the cake". And they're desperate to not miss out so they are re-mortgaging their homes, putting their life savings into this in an attempt to earn some quick money, with no "fall-back" if it does start dropping.

Do you think when their LIFE SAVINGS of $50k worth of Bitcoins are suddenly worth $40k after ONE day (if there's a big drop), that they're not going to sell at $40k to make sure they don't lose EVERYTHING?

These people don't even know what Bitcoin is and what the purpose of it is. They're in it for the money, they don't understand the market or the technology itself. They're not used to the 10%-40% drops that can happen in one day. They WILL panic sell IF the price does start dropping. And not to mention how easily the price can be affected by news. Or if a big exchange such as Coinbase got hacked. Or if the whole Tether situation was a fraud.

The question is, if you sold your car and put your life savings in, let's say you have $20k worth of BTC from that. Would you not sell if it started dropping every hour? $19k, $18k, $17k, $16k, all you're going to be thinking is "Am I going to lose all my money" and "When is the drop going to stop". 

Now I'm not saying don't do it. It's your money, do whatever you want with it. But think about the POSSIBLE outcomes. If you want to gamble, feel free. But it's gambling. Unless you have the ability to stay strong through it all, I do think IF/WHEN the bubble bursts, that it will recover, but it could take some time.

(Dec 17, 2017 06:56 AM)vaxton Wrote:  well said, i understand.. i got 0.8btc right now.. i will sell them when btc reach 25k$.. that will give me some profits.

but if btc is dead then what will happen to all those people who sold their house for btc?
some people in my country do blowjobs for btc.. weed will no longer be sold with btc.

what crypto will be there instead of btc?

(Dec 17, 2017 07:07 AM)VloneThugX Wrote:  I think in the next months iota ethereum etc will get bigger, because of the effeiciency and many other things that btc can't keep up with. Thats just my theory