Fiat currencies falling off a cliff.
Some more than others... The $ has lost a lot against the EUR (not saying the EUR is not falling too). The EUR may roll over soon.
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Here is a google translate from Aug 5th. "3157. This is a new historical high. Obviously, it does not want a triangle) Although you can estimate the wedge, but it's already very large in time. If the wedge, then around 3500 the price will reverse on the third wave back to 2600. I'll leave the wedge here just in case (pic.1), although I can not believe in it. What is there for us in the general picture ... The price is clearly storming the second red trend logarithmic line. Line wait somewhere at 3500 is just growing. Let's see how the level of 3500 reacts. Maybe it really will break through with its wedge. (Fig. 2) In general, we must look at what will be at 3,500." https://vk.com/bitcoin_vanga
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GBTC had a couple of nice days and Monday should see a decent pop. It should crack $500 easily.
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Everybody wants to hit a home run with their investments, just buy and hold. The 2020 halving will make you wealthier and if you can hold 'till 2024, even more so......
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That's where the $1000 by March will come from! The $1000 mark will simply come from people realizing that XMR has been undervalued for a very long time. At $1000, its market cap would still be below that of ETH's as of the time of this post. At that point XMR would become the solid #3 coin that many consider XMR should be at. Offshore wealth getting into XMR will come later. I don't believe Monero can reach $1.000 unless bitcoin reach $20.000 due to market capilazitaion psychologic borders. Being $1.000 makes monero a multi billion coin and this is not possible. You must be high dude.
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Monero development keeps chugging along without all the flash and jazz of other coins, mainly dash. Slowly, the world is waking up to Monero and as it does, the price will explode. And to think you could've bought a single monero for under a buck in 2015.
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Maybe in 10 years people will say ' I wish I invested in bitcoin back in 2017' Absolutely those people will be wanting bitcoin investments and they'll regret the neglections of opportunities that they had from previous 10 years passed. It is never too late to get into bitcoin. When it went $100 people thought it was expensive When it went $300 people thought it was expensive When it went $500 people thought it was expensive When it went $800 people thought it was expensive When it went $1000 people thought it was expensive When it was valued more than GOLD they thought it was insanely over priced and today it is just under $2800 in which people consider it undervalued So it seems we have move from the opinion that Cryptocurrency is a "fad" to this oh shit crypto is the future. Yep, buy and hold is the way to go for the majority of folks. Its worked out beautifully for long term holdlers and the price will be MUCH higher with the next halving in 2020.
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I think this guy is dead.
He dieded.
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What a drop. Why wasn't this thing settled years ago? Couldn't Satoshi just implement this into the bitcoin code from the start and bypass this?
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Its dropping like a rock. We might see sub $2000 by the end of the weekend.
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Proudhon had style.
And class. kwuckcuck is not even in the same zip code as Proudhon. It was always pleasant to see a Proudhon post but kwuckduck irks me.
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This is just a blip on the radar. I'm a long term hodler and by the 2020 halving, things will look rather different. There will only be 21M coins.
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An almost 59% drop from current prices would take us to $1000. It's possible however unlikely.
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As we get closer, we'll see some wild swings due to this uncertainty. In the end, I'm counting on everything going smoothly.
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Great thread. Now we sit back and watch it all unfold while hodling.
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