Do you think bitcoin will nose dive sometime soon?

[foxsquirrell]

The current surge in price of bitcoin is most probably caused by Trump becoming US president. But soon the hype will fade and with it the price of bitcoin and most other cryptocurrencies if not all.

Yes

No

[Crazzyyworld]

yes.. trump will impose import tax and people will pay high gas price and grocery and super expensive cars and people will stop shopping and eating out and the final expenses to buy bitcoin will not exist so the imaginary currency will crumble down

[FreyaRed]

Maybe yes, maybe no but the loses while monetizing (turning BTC in real USD) will increase massively. Because cryptocurrencies are just useless encryption code you can't buy anything for and don't have any real stabilization mechanics like loans in cryptocurrencies. Nvidia and ATI created crypto to increase their GPU prices, this was the main purpose of chainlink project. Now GPU producer have AI and throw crypto under the bus.

[foxsquirrell]

Finally someone who does not think like the herd!

[Mangospacho]

Impossible. It’s backed by gold. It cannot drop below $75,000 unless they take the Bitcoin off the gold standard.

[foxsquirrell]

How do you know that bitcoin is backed up by gold? What gold standard are you talking about?

[Mangospacho]

It’s not backed by gold? What’s keeping its value so high?

[foxsquirrell]

So you think it is backed up by gold because it is maintaining a high value. O. K.
Now when we see its value drop like a stone we will all know how wrong you were brain!
Time will tell.

[Mangospacho]

Wrong. When it drops like a stone, that’s when we take the gold it was backed by and recalibrate the price.

[foxsquirrell]

You started by saying that it cannot drop below 75,000 dollars because it is backed up by gold (Go up and see your first reply)! Now you are saying that if it drops like a stone it is because we take away the gold it was being backed by. Do yourself a favor, don't try to explain things you know nothing about.
Good day.

[Mangospacho]

Dude. Yeah, I said that like 4 days ago. Things change, man.

[TheStaleMarshmellow]

I only saw bitcoin as the untraceable currency of Dark Web transactions

[foxsquirrell]

I think you're right.

[NicholasRedone]

Hmmm that chicken sure had a funny way of CGI staring *the sky is falling* lol "it's all a computer simulated world* lol 😂😆

[NicholasRedone]

🐔🐔🐔🐔 chicken lol 😆

[NicholasRedone]

*stating typo

[AviatorTom]

What goes up must come down. First rule of gravity... applies to economics too.

[NicholasRedone]

Or a woman riding on top 😁🔝🎩 just don't break the stick lol 🏒 ♀️👠

[foxsquirrell]

That is not a rule of gravity. Unless you want to add that you are talking in practical everyday life scenarios.

[NicholasRedone]

All I know is an apple and a tree lol 🍎🍏 🌲

[NicholasRedone]

And some white guy 🤍 wink

[NicholasRedone]

UK lol history or something.

[Anonymous]

It's a pyramid scheme

[NicholasRedone]

The Ancient Egyptian pyramids sure are the only decent pyramids lol 📐▶️

[foxsquirrell]

@NicholasRedone Man why do you always come up with these weird posts! Do you think they are smart or funny?

[Anonymous]

I had a dream about it dropping under $1 USD in October. Most of my prophetic dreams occur between 1 and 3 years. So sometime during the Trump presidency.

[exitseven]

Yes, it is a house of cards.

[princeofromance]

It always does.

[ChicoFromThe305]

I have no clue