Bitcoin continues to fall as Federal judges in NY plot regulation
Hello trader's
how are you all ?
Where are the Bitcoin experts?
Last year, many self-professed experts were very positive about bitcoin and were even encouraging people to invest. Those of us who warned people to stay away from Bitcoin and other crypto-currencies were dubbed as narrow-minded
and lacking in knowledge about this so-called "money of the future."
Now that Bitcoin is dropping big-time, the same self-professed experts are changing their views and are now advocating caution. It just shows they don't have clear understanding of crypto-currency.
I maintain my view that investing in Bitcoin is largely motivated by greed. People are in it because they want to earn big money fast. What many don't know is that the values of crypto-currency can be manipulated by those who know the ins and outs of digital trading.
Their computer systems can be hacked or controlled from the inside. And all these trading masters needed was gullible want-to-be-rich people to invest so they can cash out before the Bitcoin market goes down.
Will you be posting next month when crypto has recovered? The technology is being applied in many ways and is not going to disappear. Bitcoin might go up and down and some coins will fail but many applications will succeed.
Dont believe me? What did you post this on? Oh thats right,
Steemit!
Mic drop.
informative post i agree with you you are right
thank you , because of bitcoin all other altcoins dump very bad .
Very interesting. Thanks for posting this.
It is good to question people who invests in Bitcoin, but I think there are two different camps of people that's in Bitcoin. Those that genuinely believe in the technology and others that are in it as an investment. You can't blame either camp though, there's investment on Bitcoin or keeping it in a bank which earns nothing right?
On the side of the drop I think it has to do with the news on Tether today, let's see how this news develop....
I agree that Greed is its driving force but isn't all money like that? Volatility is Cryptocurrency's highest asset and it is still a baby as far as being a currency goes. Bitcoin is only the first mother of all coins but people should Invest in Alt coin concepts for companies that innovative using it to fund major life changing tech. Comparing Fiat coins to crypto is inaccurate because we have not seen its stabilized value yet. Bitcoin is expensive to move, lacks technology innovation and holds value through popularity. It has paved the way for other companies to take over so the next few years will be rather exciting