I'm going to watch this and follow the picks if OP keeps a positive score after some weeks. A few wins isn't enough to determine if it's worth a shot, but if you manage to keep it going after 50 or more picks it might be the beginning of a career ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It takes time to see if someone has a knack. Good luck!
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For me, the increase of the volume doesn't mean that the price will increase because I've seen this before and it's not always pushing the price to go to the higher price.
Because volume doesn't increase the price! Volume only indicates an increase in trading but it can be trading to the upside or to the downside. When Bitcoin was falling to 6000 USD we had very large volume. If it went up now it could also mean that somebody is trying to break below 6000. Increased volume in an upside break means that trend is reversing, but there has to be a break. Now we'd need BTC to break 7000 with volume.
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I want to know why the bitcoin price fluctuate and where the recovery comes from.
It fluctuates because the demand and supply change over time. If you have a lot of coins and decide to sell you're affecting the supply. If you have a lot of fiat and decide to buy, you're affecting the demand. The recovery comes from increased demand and demand increases when people see an opportunity to buy before something big like a fork, a halving, an ETF approval.
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If you're calculating it by comparing the prices of hardware you're not coming up with the real value but the lowest possible value that keeps miners mining. Why would the lowest value be the "real" value? You don't measure the real value of a car by the cost of parts and labor needed to make it. If we did that a lamborghini would be worth $50,000 instead of 500,000.
<snip> (hope it makes sense.. i had a few drinks but tried best to keep my thoughts logical tonight) in short: price and value are not the exact same numbers It makes perfect sense. I asked because you were pointing to the real value of Bitcoin as the value of acquisition and I've always thought that the real value should be the average retail value. If we compare Bitcoin to goods sold at 300% the acquisition cost it starts to look much better. I wasn't even thinking of such high numbers but I guess it should be always trading at the very least 10% above the minimum needed to sustain the network. Half of the retail (150%) would be perfect as a stable average since nobody has to market Bitcoin. It's only acquisition and profit.
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I think that there are many groups working for their own goals in this market. It's even more clear with altcoins like BCH. Roger Ver is trying to belittle Bitcoin and pump his BCH above it and at the same time Craig Wright tries to take control of BCH from Roger Ver. Even altcoins have their own influencing groups. Bitcoin is being suppressed for sure and I think that it has something to do with Wall Street and regulations.
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I believe the approval of ETFs by the SEC is only a matter of time. There will be a change in one of the SEC commissioners who is opposed to ETFs and this could be a good prospect for their approval.
It's also my belief. According to CBOE spokesmen their ETF has met all SEC requirements, so if it is denied it will have to based on some yet unknown and unexpected, biased reasons. They are delaying it to understand what they're dealing with, probably virtual assets are too much for them. But they approved some futures in the past, including Bitcoin futures, so they have to understand it. Why are they buying time then? Maybe to prolong the bear market?
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If you're calculating it by comparing the prices of hardware you're not coming up with the real value but the lowest possible value that keeps miners mining. Why would the lowest value be the "real" value? You don't measure the real value of a car by the cost of parts and labor needed to make it. If we did that a lamborghini would be worth $50,000 instead of 500,000.
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It's called consolidation and it always comes after a big correction. This is really nothing new or unexpected. It also doesn't mean that Bitcoin is becoming stable. It has to go through this phase to start another uptrend that later slows down and develops into a distribution phase. Distribution is the moment when investors who bought during the accumulation start selling.
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Bounty hunters are not beggars
I am just looking on the title! this is what the fuck already! my nerves got really shakin. i am a bounty hunter. i am never a beggar, i work hard! i do work hard for every cent i get on this community via bounty. so give some damn respect!
Are you calling posting on this forum a hard work? Do I have to remind you that paid posting was introduced so that people who participate in the discussion can get some coins, and at the same time help spread the word about various projects and websites. You people made a hard work out of it, started to think of it as a full time job. And on top of it all you demand respect for your "hard work"! Give me a fucking break.
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One of the advice given by good traders is that you should follow the market but only up to a point. If you blindly follow the crowd and do what it does you will always be late for the biggest gains. You'll always be a mediocre trader that sometimes is too slow and loses money. You have to trade against the trend when you see the market slow down. Sometimes the asset will die and cease to exist but usually it goes back up and allow you to make money.
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when the PM of S.Korea declared ban of Bitcoin it really affected the market price performance
He never declared a ban. You were reading too much of FUD by bloomberg and others. Korean PM only said that they will be discussing a potential ban on fiat transfers to bitcoin exchanges. All FUDsters caught wind of it and started spreading the news that Korea is banning Bitcoin. Even if they temporarily blocked exchanges from receiving fiat it wouldn't be a ban.
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There's no significance. I don't even believe that the number has any meaning. For some reason its symbolic to the occult just like the pentagram and goat's head. It's all a big joke. Even if some rich guy really put a sell wall at that exact spot for fun, does it change anything? Will you see Bitcoin in a different way from now on? It's important to not to let things like that influence your everyday life. Not pressing the number 13 in the elevator, avoiding black cats, believing that the devil watches you and whispers in your ear. It will only make your life more miserable.
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There are only two possibilities for one who understands Bitcoin. He/she either knows how is it supposed to work or is paid/threatened by authorities to make it not to work to make others think that it doesn't work.
FTFY They can't make it not work. All they can do is lie, spread FUD, and try to confuse people. This article is a good example of lies, and listing Bitcoin Cash as Bitcoin, and the real Bitcoin as Bitcoin Core on Roger Ver's site was an example of confusion. I hope that everybody will hear about coingeek lying, and won't take any of their articles seriously from now on.
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Too scared to mess up his record ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) He knows he's getting older and slower. Conor lost to him but the fight wasn't easy. A boxing champion vs someone who didn't box professionally and there were moments when this match looked very even. I think that he'll never risk the record again. He's got enough money and knows that you can't buy reputation.
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Sports betting. It's simply because this is only type of gambling which I'm playing. Sometimes I bet few bucks when odds are very high. Few bucks isn't much to lose, but sometimes I can get really big reward if I win. I'm not playing dice, roulette, blackjack and other games just because I know that I will just waste my money on these games.
I partially agree with you because sports betting allows you to multiply bets depending on the odds calculated by the number of people betting. It's different than games like dice where you lower your chances of a positive roll and increase the payout. Dice odds increase your chances of winning big proportionally but sports bets can be biased and not represent the real state of the odds.
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Would love to be a part of this campaign if/when there are any free spots available.
Would love to work with yourselves OneHash.
Damn, every single campaign is full at the moment ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) You're trying too hard dude. Posting in one full signature thread after another won't get you in.
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It's good that many people left. The market is cleansing itself and getting rid of speculators and bubble investors who don't care about cryptocurrencies. They were hoping to jump on a rocket to the moon but were late and ended up on ship heading for the bottom ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Every bear market ends with people leaving and then a new bull market starts and new people come in. You can't change it.
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“The true facts are that Shrem paid a portion of the money owed before he knew of the (Winklevosses’) complaint, and is in the process of paying the rest.”
coming from shrem's lawyer, this comes off pretty damning. the winklevii take him to court, so he counters "i was planning to pay you the whole time, honest!" He paid part of the restitution to the state. He doesn't say that he was planning to pay the twins anything. He claims that he wasn't and that he never took their Bitcoins. It will come down to being able to prove it. They say he took it, he says he doesn't. Should be an easy case for the judge.
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This bring us to the question about regulators on crypto market People who against this don't understand that they will clean market from things like this!
They will also bring in more invigilation. You'll never know who has your data collected via KYC process and who he's selling it to. Do you think that there's no scams in a regulated market? Stock exchanges are regulated and there were so many ponzi schemes and scams like the ones by Bernie Madoff and Jordan Belfort.
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