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Bitcoins giant drop?
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Bitcoins giant drop?Posted:
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Only a handful of you will understand. Although if you don't know what BTC is you can scroll down and read the comments and/or ask your best friend, Google.
What do you guys think about the drop that Bitcoins are experiencing? The value has been decreasing, leaving many people to panic sell. Currently at 8:45pm Eastern time zone the price of a single Bitcoin is $347.22. Also Litecoins are dropping and are priced at $8.16. Some people believe that its going to drop down and increase soon. While others think that there was a time for cryptocurrency to end. There seems to be two sides to the whole idea.
Personally I believe it won't crash and I plan to buy some bitcoins as soon as they start rising. But what do you think?
What do you guys think about the drop that Bitcoins are experiencing? The value has been decreasing, leaving many people to panic sell. Currently at 8:45pm Eastern time zone the price of a single Bitcoin is $347.22. Also Litecoins are dropping and are priced at $8.16. Some people believe that its going to drop down and increase soon. While others think that there was a time for cryptocurrency to end. There seems to be two sides to the whole idea.
Personally I believe it won't crash and I plan to buy some bitcoins as soon as they start rising. But what do you think?
Last edited by Opulent ; edited 2 times in total
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What the hell is "BitCoins" I have been hearing about them what is it?
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I do believe where bitcoins are going it will crash but we also have to think of what happened the last time the silk road an online black market for drugs was taken down. A majority of the bitcoins were seized this shot the price up. there is now a silk road v2, sheep marketplace and other black markets in the deep web. When those get seized i do believe when these black markets get seized the bitcoin price will shoot up once again. but there is the price of litecoins is what i am paying most attention to.
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They dropped because most governments aren't even saying they're a legitimate currency.
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Fangirls wrote What the hell is "BitCoins" I have been hearing about them what is it?
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PinkieShy wrote They dropped because most governments aren't even saying they're a legitimate currency.There are multiple places with bitcoin atms, and some business in the us actually accept bitcoin.
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alli3d_p0w3r wrote I do believe where bitcoins are going it will crash but we also have to think of what happened the last time the silk road an online black market for drugs was taken down. A majority of the bitcoins were seized this shot the price up. there is now a silk road v2, sheep marketplace and other black markets in the deep web. When those get seized i do believe when these black markets get seized the bitcoin price will shoot up once again. but there is the price of litecoins is what i am paying most attention to.
PinkieShy wrote They dropped because most governments aren't even saying they're a legitimate currency.
Then again, there are multiple reasons why/what is controlling the value. Some blame China's restrictions, silkroad, and/or goverment ect.
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Opulent wrote What do you guys think about the drop that Bitcoins are experiencing? The value has been decreasing, leaving many people to panic sell. Currently at 8:45pm Eastern time zone the price of a single Bitcoin is $347.22. Also Litecoins are dropping and are priced at $8.16. Some people believe that its going to drop down and increase soon. While others think that there was a time for cryptocurrency to end. There seems to be two sides to the whole idea.
Personally I believe it won't crash and I plan to buy some bitcoins as soon as they start rising. But what do you think?
i love to talk about bitcoin im glad you asked this question
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Opulent wrotealli3d_p0w3r wrote I do believe where bitcoins are going it will crash but we also have to think of what happened the last time the silk road an online black market for drugs was taken down. A majority of the bitcoins were seized this shot the price up. there is now a silk road v2, sheep marketplace and other black markets in the deep web. When those get seized i do believe when these black markets get seized the bitcoin price will shoot up once again. but there is the price of litecoins is what i am paying most attention to.
PinkieShy wrote They dropped because most governments aren't even saying they're a legitimate currency.
Then again, there are multiple reasons why/what is controlling the value. Some blame China's restrictions, silkroad, and/or goverment ect.
the value i do believe is with everything thats going on bitcoins have a cap i do believe 11m are left unmined. but with people legalizing bitcoins as a legit currency this price could go eather way with the downfall in one hand and the uprising in another. I read a document not to long ago with hackers and bitcoins. bitcoins are encrypted so you cannot track them these are perfect for illegal trades but can also be good for legitimate trades it is really a sit and watch now
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this document i found relating to what can happen with encrypted currency on illegal markets
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the onyl problem with bitcoin si that it has the potential for large scale crime if you look at mt gox they allegedly "lost" 200thousand bitcoins
Last edited by Ethereum ; edited 1 time in total
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the onyl problem with bitcoin si that it has the potential for large scale crime if you look at mt gox they allegedly "lost" 200thousand bitcoins
Last edited by Ethereum ; edited 1 time in total
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