Next bitcoin crash
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By upvoting this notification, you can help all Steemit users. US dollar is a piece of shit This is my strongest feeling! Whenever I want to trade one coin for another it feels like a waste. I don't want to give up any of my coins since I believe some of them will have a great future ahead.
Where to hold money when the next Bitcoin crash happens? The way I see it I got 2 options: Liquidate assets and hold USD until the crash, then buy back at a lower point. Move to Ethereum assuming it's strong enough to hold and rise above BTC? I'd love to hear a fresh take on this topic. Authors get paid when people like you upvote their post.
Why are you calling Goldman Sachs "criminals"? But Sornette goes on to say that the timing of the crash is predictable. And this makes the market increasingly unstable, to the point that almost any small disturbance can trigger a crash. So in the Bitcoin crashes listed above, the triggering events are insignificant. The situation is analogous to a forest fire. If the forest is dry enough to burn, almost any spark can trigger a blaze. And the size of the resulting fire is unrelated to the size of the spark that started it.
Instead, it is the network of connections between the trees that allows the fire to spread. Clearly, a prediction that Bitcoin is about to crash in the next few hours or days is much more powerful than a prediction that it will crash in the coming months or years.
They put it, rather confusingly, like this: And that means there is uncertain weather ahead, at best. That sends a not-altogether-unexpected message to Bitcoin miners, speculators, investors, and potential regulators: Are Bitcoin Bubbles Predictable? Operating a botnet is expensive and risky. Unlimited online access including articles and video, plus The Download with the top tech stories delivered daily to your inbox. Unlimited online access including all articles, multimedia, and more.
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