Martinsx Posted July 5, 2018 Author Share Posted July 5, 2018 22 hours ago, Steve5 said: That sounds nice. Maybe it will become more stable for now. I wonder how others have used their bitcoins. Maybe some already sold theirs for fear of losing more value. Definitely, there are some people who already sold theirs off or used it to make purchases, and there are so many people who did invested more in the cryptocurrency. So, everything depends on who was more willing to gamble to earn or to lose. 1 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1639 Share on other sites More sharing options...
Martinsx Posted July 5, 2018 Author Share Posted July 5, 2018 22 hours ago, Steve5 said: That sounds nice. Maybe it will become more stable for now. I wonder how others have used their bitcoins. Maybe some already sold theirs for fear of losing more value. Definitely, there are some people who already sold theirs off or used it to make purchases, and there are so many people who did invested more in the cryptocurrency. So, everything depends on who was more willing to gamble to earn or to lose. Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1640 Share on other sites More sharing options...
Martinsx Posted July 5, 2018 Author Share Posted July 5, 2018 (edited) 22 hours ago, Steve5 said: That sounds nice. Maybe it will become more stable for now. I wonder how others have used their bitcoins. Maybe some already sold theirs for fear of losing more value. I have a few friends who sold part of their own Bitcoin and some other cryptocurrency, and some bought as well. In a few months time, we are going to be sure of those that made the best decision on the investment. Edited July 5, 2018 by Martinsx Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1641 Share on other sites More sharing options...
Martinsx Posted July 6, 2018 Author Share Posted July 6, 2018 On 6/24/2018 at 2:40 PM, EfficientNinja said: I found a post somewhere on Reddit that says Bitcoin is under attack constantly but it isn't fazing. It just shows that it's security is powerful enough to keep the attackers at bay. As for the volatility of the price, I think it is the nature of Bitcoin to have wild swings at times. Yes, it's absolutely true what you just mentioned about the security of Bitcoin being one of the best if not the very best when it comes to protecting it against hacks. It's the first cryptocurrency that was launched in 2009, so it stand a better chance of working on all angles to secure its wallet. Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1656 Share on other sites More sharing options...
Steve5 Posted July 6, 2018 Share Posted July 6, 2018 23 hours ago, Martinsx said: Definitely, there are some people who already sold theirs off or used it to make purchases, and there are so many people who did invested more in the cryptocurrency. So, everything depends on who was more willing to gamble to earn or to lose. I think people will get what they deserve. For those who were willing to stick with their cash, they'll earn more if they time it right. Maybe others won't choose to invest again since they're not sure of how bitcoin will rise and fall. 1 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1657 Share on other sites More sharing options...
Martinsx Posted July 7, 2018 Author Share Posted July 7, 2018 23 hours ago, Steve5 said: I think people will get what they deserve. For those who were willing to stick with their cash, they'll earn more if they time it right. Maybe others won't choose to invest again since they're not sure of how bitcoin will rise and fall. Well, this isn't the first time Bitcoin have experienced such unstable nature, but still take a look at the cryptocurrency today, it's still rated the best among every other blockchain digital currency. I'm sure that the cryptocurrency will survive this mess and boom up to where it used to be. Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1676 Share on other sites More sharing options...
Steve5 Posted July 7, 2018 Share Posted July 7, 2018 15 minutes ago, Martinsx said: Well, this isn't the first time Bitcoin have experienced such unstable nature, but still take a look at the cryptocurrency today, it's still rated the best among every other blockchain digital currency. I'm sure that the cryptocurrency will survive this mess and boom up to where it used to be. That's true. I believe that bitcoin will continue to rise in terms of performance. I think it's normal for it to have constant fluctuations. It's just how it normally behaves. Those who can stick to it will surely reap the rewards. Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1681 Share on other sites More sharing options...
Martinsx Posted July 10, 2018 Author Share Posted July 10, 2018 On 7/7/2018 at 9:53 AM, Steve5 said: That's true. I believe that bitcoin will continue to rise in terms of performance. I think it's normal for it to have constant fluctuations. It's just how it normally behaves. Those who can stick to it will surely reap the rewards. It's just a normal thing for investors to get worried or spooked when the financial worth of their investment is under threat, so those that doesn't have the courage to stay put without taking any drastic decisions, they are definitely bound to reap well in the investment should it come out positive. 1 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1733 Share on other sites More sharing options...
Steve5 Posted July 11, 2018 Share Posted July 11, 2018 23 hours ago, Martinsx said: It's just a normal thing for investors to get worried or spooked when the financial worth of their investment is under threat, so those that doesn't have the courage to stay put without taking any drastic decisions, they are definitely bound to reap well in the investment should it come out positive. It's the the good thing about investment. It's all about how confident people are with their decisions. It asks them to follow through with their money until the end. That's how people either earn or lose money. Most just aren't confident enough to do so. 1 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1752 Share on other sites More sharing options...
Martinsx Posted July 12, 2018 Author Share Posted July 12, 2018 20 hours ago, Steve5 said: It's the the good thing about investment. It's all about how confident people are with their decisions. It asks them to follow through with their money until the end. That's how people either earn or lose money. Most just aren't confident enough to do so. Exactly. Most people just jump into some investment because they hear and see others doing so but they lack full knowledge about how such investment are structured which makes them not have strong base of confidence when the investment is witnessing some challenges. This is why it's always encouraged to have and know everything about an investment that you wanted to go into before jumping into it. 1 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1766 Share on other sites More sharing options...
Steve5 Posted July 12, 2018 Share Posted July 12, 2018 3 hours ago, Martinsx said: Exactly. Most people just jump into some investment because they hear and see others doing so but they lack full knowledge about how such investment are structured which makes them not have strong base of confidence when the investment is witnessing some challenges. This is why it's always encouraged to have and know everything about an investment that you wanted to go into before jumping into it. It's part of human nature. They want to succeed without much effort. But the reason others have succeeded is due to their wise decisions and courageous efforts. They went through with their investments despite the obvious chance of failure. Like the first few investors of bitcoin. 😁 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1767 Share on other sites More sharing options...
Kakashi2020 Posted July 12, 2018 Share Posted July 12, 2018 On 7/4/2018 at 5:47 PM, Steve5 said: That sounds nice. Maybe it will become more stable for now. I wonder how others have used their bitcoins. Maybe some already sold theirs for fear of losing more value. The price in my assessment is still dropping it's at $6.1K now nearing the $5K threshold. I think it would reach $5.5-$5.8K next week. Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1768 Share on other sites More sharing options...
Martinsx Posted July 13, 2018 Author Share Posted July 13, 2018 20 hours ago, Steve5 said: It's part of human nature. They want to succeed without much effort. But the reason others have succeeded is due to their wise decisions and courageous efforts. They went through with their investments despite the obvious chance of failure. Like the first few investors of bitcoin. 😁 One thing that I have come to understand about taking risks is that some people or investors love the thrill of uncertainty. It's actually why they are moving into investments that they have no clue whether it's going to be a success or a failure, when it clicks, they would make millions and when it fails, they would move on and look for new investments to join. 1 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1782 Share on other sites More sharing options...
Steve5 Posted July 13, 2018 Share Posted July 13, 2018 21 hours ago, Kakashi2020 said: The price in my assessment is still dropping it's at $6.1K now nearing the $5K threshold. I think it would reach $5.5-$5.8K next week. Oh, now that's news. It would be unexpected if it dropped below $4K. People would really be panicking by then. But some will probably still hold strong. 😂 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1784 Share on other sites More sharing options...
Kakashi2020 Posted July 13, 2018 Share Posted July 13, 2018 6 hours ago, Steve5 said: Oh, now that's news. It would be unexpected if it dropped below $4K. People would really be panicking by then. But some will probably still hold strong. 😂 Yeah I guess so, today the price appreciated a bit to $6.2K but tom or the next day it would probably go lower than $6.1K. Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1790 Share on other sites More sharing options...
Martinsx Posted July 14, 2018 Author Share Posted July 14, 2018 17 hours ago, Kakashi2020 said: Yeah I guess so, today the price appreciated a bit to $6.2K but tom or the next day it would probably go lower than $6.1K. Your predictions might actually come to be true because at the moment, the price is at $6.2 which from the looks of the way the market is going, it's most likely going to drop more. Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1801 Share on other sites More sharing options...
Steve5 Posted July 14, 2018 Share Posted July 14, 2018 On 7/13/2018 at 4:33 PM, Martinsx said: One thing that I have come to understand about taking risks is that some people or investors love the thrill of uncertainty. It's actually why they are moving into investments that they have no clue whether it's going to be a success or a failure, when it clicks, they would make millions and when it fails, they would move on and look for new investments to join. Such is the life of people who can somewhat afford to lose money. Most people can't lose any. They're barely able to survive with what they have. And yes, that's true. They just love the unpredictable nature of investing. They want the possibility of losing as much as earning. Because you can't brag about something you're sure to win. 😂 1 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1802 Share on other sites More sharing options...
Martinsx Posted July 15, 2018 Author Share Posted July 15, 2018 21 hours ago, Steve5 said: Such is the life of people who can somewhat afford to lose money. Most people can't lose any. They're barely able to survive with what they have. And yes, that's true. They just love the unpredictable nature of investing. They want the possibility of losing as much as earning. Because you can't brag about something you're sure to win. 😂 You are absolutely correct with that assertion on some people who can't afford to lose a penny of their money because they find it very difficult to get such money, and to lose it on investment they are not guaranteed profits would be an impossible decision to make for them. I had a friend whom I met online when I was still into ponzi. There was a scheme back then we invest $5 and make $10 in 1 or 2 days. It was based on a referral program, I tried all I could to get that my friend to invest in the ponzi but she couldn't afford to lose her $5 should she not get any referral. I had to use another $5 of mine to invest for her and she turned over 5x before the system crashed 😂 1 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1814 Share on other sites More sharing options...
Steve5 Posted July 15, 2018 Share Posted July 15, 2018 5 hours ago, Martinsx said: You are absolutely correct with that assertion on some people who can't afford to lose a penny of their money because they find it very difficult to get such money, and to lose it on investment they are not guaranteed profits would be an impossible decision to make for them. I had a friend whom I met online when I was still into ponzi. There was a scheme back then we invest $5 and make $10 in 1 or 2 days. It was based on a referral program, I tried all I could to get that my friend to invest in the ponzi but she couldn't afford to lose her $5 should she not get any referral. I had to use another $5 of mine to invest for her and she turned over 5x before the system crashed 😂 I don't know what to say. It's funny when stuff like this happens. You're not sure whether to laugh or feel sad. I've also seen many schemes in Asian countries. Some people are just gullible and are easily fooled into giving their money for lies that they'll become rich overnight. 😂 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1820 Share on other sites More sharing options...
Kakashi2020 Posted July 15, 2018 Share Posted July 15, 2018 4 hours ago, Steve5 said: I don't know what to say. It's funny when stuff like this happens. You're not sure whether to laugh or feel sad. I've also seen many schemes in Asian countries. Some people are just gullible and are easily fooled into giving their money for lies that they'll become rich overnight. 😂 But with Bitcoin it's different, you can really earn a lot of money by buying directly and holding on to it in your offline or online wallet. The problem is a lot of people are wary in investing in it and most fall to the clutches of get rich quick ponzi schemes using Bitcoin as bait. Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1824 Share on other sites More sharing options...
Martinsx Posted July 16, 2018 Author Share Posted July 16, 2018 22 hours ago, Steve5 said: I don't know what to say. It's funny when stuff like this happens. You're not sure whether to laugh or feel sad. I've also seen many schemes in Asian countries. Some people are just gullible and are easily fooled into giving their money for lies that they'll become rich overnight. 😂 From my experience with ponzi, I have come to understand and that it's all ponzi are 90% going to make one lose his or her money. The only way to be guaranteed making money in ponzi is if you join the scheme immediately it launched. 1 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1837 Share on other sites More sharing options...
Steve5 Posted July 16, 2018 Share Posted July 16, 2018 1 hour ago, Martinsx said: From my experience with ponzi, I have come to understand and that it's all ponzi are 90% going to make one lose his or her money. The only way to be guaranteed making money in ponzi is if you join the scheme immediately it launched. And even then you'd still have no idea when it'll cause you to lose money. This is why we're advised to focus on real source of income. Like stable jobs and legitimate financial investments. 😁 1 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1838 Share on other sites More sharing options...
Martinsx Posted July 17, 2018 Author Share Posted July 17, 2018 19 hours ago, Steve5 said: And even then you'd still have no idea when it'll cause you to lose money. This is why we're advised to focus on real source of income. Like stable jobs and legitimate financial investments. 😁 Most times even those that are into stable jobs join ponzi schemes. There is this human desire to make quick money even when they are earning money from other legitimate means. This is actually why ponzi still thrive today. But it's a good thing that cryptocurrency isn't ponzi, so those that have the fund to invest in it are guaranteed of profit. 1 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1849 Share on other sites More sharing options...
Kakashi2020 Posted July 17, 2018 Share Posted July 17, 2018 Bitcoin's price has been appreciating for 5 days from a low of $6.2K it's now at $6.7K. Is this a signal for a big rally? If it rises for another week then this maybe the time that Bitcoin would become bullsh again. Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1850 Share on other sites More sharing options...
Steve5 Posted July 17, 2018 Share Posted July 17, 2018 4 hours ago, Martinsx said: Most times even those that are into stable jobs join ponzi schemes. There is this human desire to make quick money even when they are earning money from other legitimate means. This is actually why ponzi still thrive today. But it's a good thing that cryptocurrency isn't ponzi, so those that have the fund to invest in it are guaranteed of profit. It's funny that they still do. I guess greed is a powerful motivator for human beings. We keep seeking money in desperate ways despite having sufficient financial income. 😁 Quote Link to comment https://slingbank.com/forums/topic/678-bitcoin-price-falling/page/4/#findComment-1854 Share on other sites More sharing options...
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