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I only like one way volatility.
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Crazy that a dump like that can alter the price in a space of minutes.
So i guess it's a good thing right? There are limited coins and always will be. If someone holds a large number and dumps their coins or a large amount of them they will be bought up by a big number of people therefore spreading the coins around and preventing another dump of these particular coins in one go.
So, (if that makes sense) am I right in saying the more of those sudden dumps we have is a good thing long term as it spreads btc around?
Please feel free to tell me I am typing pure horse shit if that's the case.
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I'm confused (as usual) with my very limited knowledge I thought a big wick means the next candle is the opposite as the push or drop failed. What does this mean exactly? |
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Too scared and inexperienced to trade my coins so I will hodl until the peak and even during the correction. It's worked so far. Great thread btw |
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Now I don't really claim to know a lot of technicals or necessarily believe in them period but..  So does this mean it's getting pinched and will violently go either up or down at the crossover bit? |
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any other UKers here holding their breath for ~$1230 when we finally hit £1000? that is gonna be when my head explodes.
Yep - one here Spooder. That would be fantastic. The crazy thing is, I've tried to explain bitcoin to quite a few people over the last few years. Some have nodded approvingly - but most have been sceptical. But none that I know of have acquired any BTC. I'm watching this rise on my own (so to speak) The one I'm waiting for is $1163 on stamp. And I'm starting to think I might see it before 23:59 GMT. I have spent so much time watching the price over the festive period its embarassing. Where do you guys buy/sell BTC, by the way? I get paid monthly in bitcoin and since Circle shut down BTC sells I have to resort to Coinfloor. It's not bad but still a hassle and you get spanked on withdrawals, of course. I used both of those - Circle was OK. Not used Coinfloor for a while (and when I did it wasn't for long) - little liquidity. Not sold for a while - tend to buy on Localbitcoin. Have you tried Uphold - it used to be called Bitreserve ? As you are being paid in BTC it lets you hold your value (BTC) in various other assets ie. gold, platinum, $ etc. Transfers out in GBP are no worse in fees than anywhere else IIRC Interesting, will take a look. Basically I cash out to pay bills, so nothing fancy required. But even that's hard to come by in the UK... Another UKer here too spooder. |
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Can we pass golds price per ounce?
Exciting times. Pleasure to be on this ride with you all.
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Yeah Searing are you sure that's a good plan telling everyone? I hodl 0.02 btc  |
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Just curious...
Does anyone here have a number in which they will sell their coins in the short term or are most of you staying for the long haul?
Long term. May be a fool or may be a genius. |
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 $1200 sooon™  #radarzzz I thought we now counted in thousands? |
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Bitcoin now looks like a mature technology. The software has settled down, there's been a modest level of merchant adoption, the transaction rate hasn't increased all that much over the last six months, and the legal status has become clear. The mining side is running into power consumption cost as a limit. Bitcoin isn't a new thing any more.
With Bitcoin out of its startup phase, what happens now? It's starting to look like a niche product, positioned somewhat like gift cards. There are a number of pseudo-currencies like that - airline frequent flyer miles, all those "reward point" schemes, and the big array of prepaid cards available at retail outlets. They're just little convenience things; they have no significant impact on the financial system. It looks like that's where Bitcoin is settling.
John, you've been consistently wrong analyzing bitcoin's ecosystem and long-term prospects for years. Aggressively wrong, in fact: We should revisit this post a couple of years from now. Is now good? Internet.......we have a winner!! |
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1 hour video! Is there a section on btc I can skip to? |
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There are never any surprises when a correction happens, just a slight bit of disappointment here.
Correction is healthy
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Hello 3 digits my old friend....
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Looks like under 1000 is coming. What is everyone else seeing over the next few hours?
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So I'm confused now. What's the story with the ETF? I've read waiting for approval but you guys are saying it's launched soon.
What's the deal here?
Also what is the next big thing to happen?
- ATH
- ETF
- ?
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So is the plan to get to 2k as soon as possible?
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