Is today the beginning of Bitcoin crashing down? For Bitcoin cannot go up forever, without having any major pull-backs, like it always did.
Good luck if you gamble in Bitcoin. Most that own Bitcoin never used it to buy whatever; it's just a speculative vehicle for them hoping someone will pay more for their Bitcoins tomorrow than what they paid for it today, which defines a ponzi-scheme that is made in China, as most Bitcoins mined and most Bitcoin owners are in Asia (90% until recently).
Beware.
endtimenews
You are so wrong, my friend,
I have bought a Dell PC and various gadgets paying with bitcoin
I have bought my Ledger nano S paying with bitcoins
with the price of bitcoin now i should have keep my bitcoins as the price of the bitcoin went so much up (with the same amount of bitcoins today i could buy 2 of those dell PCs)
bitcoin is the future ...I advise you to read a bit and educate yourself regarding what is the bitcoin and what are cryptocurrency and blockchain technology ...this way you will understand also what is a ponzi scheme
https://en.wikipedia.org/wiki/Ponzi_scheme
You are wrong. What happens is your Bitcoin payment is made through an exchange, where the exchange coverts your Bitcoins into US Dollars or whatever currency the Company receives, and then gives the US Dollars or whatever currency to the Company. So, the Company does NOT directly receive Bitcoins in their account, but they receive US Dollars from your Bitcoin payment. No big Company will EVER receive Bitcoin as direct payment, lest if Dell receives $3500 in Bitcoin as payment, the next day Bitcoin could crash down to $2500 and Dell loses $1000 in one day by selling that Computer. No big company will EVER accept this risk of receiving Bitcoins as direct payment and neither would you or anyone, lest they/you lose money by it. All the best!
I don't keep my bitcoin in any exchange, and the transaction I did was directly from my ledger wallet to the bitcoin wallet of Dell - what you say is what dell does with my bitcoins after they receive the bitcoins i have sent.
I have passed the bitcoins to Dell and they convert the bitcoin to USD or did whatever they wanted with the bitcoins received from me.
In these days the bitcoin is very volatile but in the future it will be more stable don't forget that we are only in the beginning of the crypto revolution and the biggest problem of ALL crypto currencies, TODAY, is the scalability - none of the currencies, including the bitcoin with the SEGUIT and all the upgrades, could not support hundreds of millions of people using them.
Also the Email services in the 90´s were not very reliable and their servers would crash from time to time.
I believe and hope that at least 5 years are still necessary for the cryptos to go mainstream
I respect your opinion and there is a possibility that the cryptocurrencies might not substitute the fiat currencies
who knows...
only time will tell