Bitcoin predicted to drop to $1k before rocket to $50k

Its never ever going back up ever again.

The economy is about to collapse again.

LOL might as well just say its gonna rocket up to 50 trillions!

basically.

I wouldn't be surprised.

Who is predicting it? You? And who are you? Get out while you still can cause its staying down. It will never reach what it was before, guaranteed.

What is the basis of this prediction?

yup

That crypto pump we saw this time last year was probably a last ditch effort by the elite to suck up as much as they can off of the population before pulling the plug on the economy.

Like a retirement home or the medical industry extracting the last dimes from the elderly before they pass.

And then what happened?

The basis of fiat money is not backed so it is funny money that can be printed just like that. So this has to end due to 250 Trillion world debts cant be serviced on componding interest . so ending story must be cooked. Hence cryptos could be a saviour once music stopped . i guessed soon so somebody must drive cryptos down by using printed money which buy high sells low which is no problems coz money can be printed then once scenario seems at the bottom then but back crytos coz everyone can see that fiat is hopeless, but life must go on so temporary means needed , then if not cryptos then what? Barter???

Yeah...…..I'm never going to buy Bitcoin at any price.

It's naive to think it won't go back up. Of course it will. Do you think they are done making money off it?
Obviously it is no longer "investing" but more like high risk gambling. The market can be manipulated so easily by just a few whales.
They are dropping the price so they can buy cheap, then they will pump the price to create the FOMO. maybe another sharp drop to accumulate even more, and then it will go to the moon so they can have the thrill of making a shit ton of money. Then it will crash again. Rinse repeat ad infinum.

It's a literal money machine for those with the inside connections to know when it will rise and fall. TA means very little in a totally manipulated market. Actually they will use the TA against you. When TA tells you it's time to invest, the signal goes out...volume spikes.... Then the plug is pulled. You lose.

You have to be patient, and not be greedy. Take small gains, low risk and know when to jump in and out. That part is very difficult.

Last Edited by Eddie The5thHorse on 11/20/2018 06:35 AM

Lmao do you know how many times that has been said in the last 10 years?! You're either stupid, a shill or just plain too lazy and blind to do your own research..or all of the above. Every government, every banking entity, and all the elite are positioning themselves for the transition and are doing everything they can to discourage u and anyone they can from getting in while simultaneously driving down the price to control the market. And it only hurts us.. Americans, because other countries are
getting ahead of us while our power hungry elite are holding us back with their greed. Tell me why the Canadian senate held meetings with the leading crypto minds to figure out how to handle crypto for the good of their country?

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Or why the Bank of America has a patent to hold your crypto?

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Y'alll wanna be stupid and explain why people should poo poo the idea of just putting a little money in it "just in case"? Why would you discourage just putting a little money in it? You act like we'll all be on skid row if we put a dime in it lmao.. Suit yourselves!

OP is probably one of the pump and dumpers.

And if you have it hold it. I remember my parents invested in mutual funds. Got low so they got out like morons! They could’ve had half a million now on a high tisk fund they only put 10 grand in

It will probably go much higher. In time of course

Can you please explain this picture and why you've posted it in hundreds or possibly thousands of threads now for years?

The fact is bitcoin has been and will be the only thing standing once the economy stalls. The mainstream media and corporations will tell you its the worst idea ever. They are stalling as much as they can trying to drive the price down as much as they can before it rockets. Bitcoin is a new and different animal no one can really predict what it is going to do. To try and analyze is like a stock market stock or mutual fund is extremely naive.


Remember, the price will drop to 1k. It will fool millions. Be ready to buy as much as you can. This is it. It will be the game changing actions which will determine the rest of your life.



The Crypto King

Well historically once the local currency tanks then barter and foreign currency becomes the norm. Bartering requires significantly less equipment to utilize than Cryptocurrency does, and given the massive, unforseen and inexplicable swings in value of Crypto thus far I don't see why the public would have any confidence in it vs. bartering.

Not sure about a drop to $1K. I can certainly see $2900 on the downside, though.

I'm in Bitcoin, and will be a-HODLin'. Fortunately, I don't need to use it to make the rent.

Risky buy right now, but some are banking on it:

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Bought bitcoin for 4 pounds, waiting for 50k, still winning

Can't go wrong on that investment!

BTW, OP, not sure about 1k. But heck. who knows/