Bitcoin Warning: When You Want Out, You Won’t Be Able to Sell
from TheHealthRanger:
The Health Ranger explains why most people who are speculatively holding Bitcoin will be unable to get OUT of Bitcoin when the next panic selloff begins. Getting IN is easy. Getting OUT is incredibly difficult, and only a few will be able to unload their Bitcoins at anything near the high price.
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Whistler Blowers, Insiders
When you want out of fiat, you’ll get crushed. This is why people are flooding into crypto.
Buy gold and silver – as long as there’s an economy it will never be worthless.
WOW, I’m surprised at actually how little experience you have buying and selling. My question is whom are you working for? I bought my 1st BTC in 2012 and have NEVER had any of the problems you describe. I buy, I sell I buy from one exchange and sell in another. I have never had trouble getting my money. This story is very short sighted when all the BTC have not been mined for when they are they will be used for settlement of international trade. 1 Country has already made BTC it’s currency with other countries using different cryptos. At the point when all the BTC’s are mined they will be over $1,000,000 each when you have 7.5 billion people chasing 20 million BTC. How could you peddle such nonsense when you should know that shortly gold and silver will go no offer and where do you think people will go. I’m really shocked for as far as I’m concerned this makes for a good story but it’s all fiction. I did exactly what you said just the other day. I sold 1BTC and when the money was in my acct w/ in 10 minutes I turned and bought 7.9 Etherium. So who do you work for?
How long before Bitcoin is replaced with something better? The way it is going, Crypto Currencies will be a dime a Dozen. I plan on starting my own crypto currency soon, and that will be what I pay my Government Taxes with. In fact every Man , Women and child on Earth should create their own Crypto Money instead of working for someone else’s. Who needs Government Money when you can create your own!
Either way, cryptocurrency means nothing without water, food, power, internet and lots more. That’s a huge disadvantage.
The flip side is when you finally realize you need out of debt paper BTC will be too high to buy in
Bitcoin is a currency they say so if it take 0.000000000001 bit coin to buy a loaf of bread because the cost is $2300 per coin then it’s the same as paying 0.00001 BTC for a loaf of bread if BTC cost $23 per coin
Currency is a means of tranfure, not a stock price remember and BTC is useless as a currency whilst it’s not stable and the price jumps all over the place.
Your starting to beleive you own bullshit, nothing is clean about BTC and Tor software cannot be trusted which is a big shame and it’s the criminals behind that who are filling your pockets just now but thats not going to last for long, get out whilst you can
What a poor analysis. Bitcoin is a store of value. You buy 1 Bitcoin now for USD 2350. So you stashed away 2350 USD. People do that all over the world. And they are not going to sell that “store of value” , all at once. People, forget this messengers boy’s BS, fear mongering. Continue to buy BitCoin, Ethereum, Ripple and Gold and Silver. Let the central banks eat their shit dollars, euro’s and yen , all backed by DEBT. Good luck with that. I prefer Bitcoins that are backed by CREDIT!!!!!
WannaCry virus is being spead by Tor software and the ranson money held in Bitcoins has not been collected yet so maybe the profit is all going to come from the rise in BTC value.
Banker can aslo pump and dump Bitcoins so carry on if you are smart and think you can make money for nothing but i would had been out the exit door months ago and would only use part of my profit to feed back into the fruit machine without being greedy.
All of the World’s Criminal’s are hiding their ill gotten gain’s in Crypto Currencies now. How long before the World Government’s step in to get their un paid Taxes?
it would make sense bitcoin was setup by dirty money laundering schemers, why not just make a huge digital asset/money reserve with money made illegally, accept deposits from all countries/currencies and not have government supervision
Crypto definition: Having a secret allegiance to a political creed, especially communism.
The value of BTC, to the bankers, is that it helps their cashless agenda go forward. “Everybody” wants to accept BTC and go cashless, right? It is just mere coincidence that BTC is so attractive when pm’s, and cash are going the other direction? Get your money back? It doesnt matter if you accept cashless, because you certainly wont by then!
Baaaa!