The Coming Bitcoin Collapse
 

know when to hold 'em...know when to fold'em- Kenny Rogers They only hold their value as long as very few people sell the currency. Once a selloff begins, the mathematical process that created the excess "virtual valuation" reverses itself, destroying valuations across all the investors.

All currencies depend on "faith" in the currency. That's why the U.S. dollar is claimed to be backed by the "full FAITH and credit of the U.S. government." Without the faith, the currency collapses.

Heard Francks going to lose it all

Lose it "all"? Franck only owns 1 bitcoin so he's not exactly at risk to lose much.

Let the selloff begin at 11:00 am Monday:winkwink:

btc going to collapse..... sell all your btc asap!!!!!

contact me i buy all 130321510 :)

Good read.

At the end of the page, the bottom line:

LOL @ seeing the disclaimer he makes to protect his rep as "the bottom line"

All currencies depend on "faith" in the currency. That's why the U.S. dollar is claimed to be backed by the "full FAITH and credit of the U.S. government." Without the faith, the currency collapses.

Who has faith in the credit of the U.S. Government? The national debt is rising exponentially and they are in debt to China... inb4 getting loans from North Korea

and in the meantime we're at 254$ :)

If you look at world economic history, hyper-inflation / massive currency depreciation, are always political/emotional events, not economic ones. What happened to the US dollar during the great depression? What happened to the US dollar in 2008?

Faith in a currency is lost when the government doesnt pay its debts, or there is massive fraud such as counterfeit currency becoming too big in the money supply. That's why if bitcoin gets hacked again, it will collapse. Security is the number one priority at bitcoins right now. They know it.

nice to see a conspiracy theorist have faith in the u.s. government! that's progress!!

:thumbsup

What happened with the British sterling when it was the world currency? What is the world currently trying to make as the new world currency as the value of the dollar continues to collapse? Printing more money is essentially cooking the books to make it look like the economy is doing better.

Not sure how an ever increasing debt counts as paying ones debt. If I add $50k in debt a year to my personal finances and only pay back $10k a year. The gov doesn't see that as paying my debt. But I guess the government is above the law.

1)the "big banks" are pumping money into bitcoin so they can implode it. they are definitely involved
2)the greed that is skyrocketing the value will turn to panic and fear that will excelerate the "mega plunge"
3)when it drops it will be faster in this case and harder to get out than other currency's because "evil programmers" have devised a system to get out when it hits a specific point
4)the creators of bitcoin are most definitely billionares by now
5)i like poo

there's always facebook! everybody wants some of that 100b$ action!

https://www.google.com/finance/chart...96&chsc=1&p=1Y

boom.............. the sound of collapse

that was fast...

This is a textbook example of a bubble. I'd rather gamble money at a Casino in Las Vegas than trade bitcoins.

:2 cents:

The creators of bitcoin sold out at $1 and are now broke squaters.

i like bitcoin

I Farted.

traded suspended today...:1orglaugh:1orglaugh:1orglaugh

it's weird that a truther would have an issue with an anarchist decentralized crypto-currency. i would think you can appreciate this for it's attempt to step away from centralized government control, like the fed.