When everytrhing rises 1000%, it is inevitable to see these tiny pullbacks of 30% or so. But I expect something more like 80% eventually
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Right now theres a problem with limits and verifications.
There's also always been the problem that you have to entrust the exchange with full control of your coins. I think the exchanges should hold your coins in some kind of multisig wallet arrangement to avoid losing your coins to hack or closure.
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Im going to defer the explanation to an algebra teacher
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every day i withdraw the max poloniex will allow me and sell them on stamp. but im generating them faster than im selling them via altcoin trading.
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Many dot com companies regained their value over 5-10 years and some even went higher. It could be a similar timeframe for bitcoin to actually gain the infrastructure, merchant adoption, and sorting out its scalability issues before making the final move up to competing with first world currencies. Do you honestly see this move happening right at this moment? I dont.
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Anyone miss when it was bcash and not ripple?
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hard to call bitcoin dead when it's up 1500% for the year and 25% away from ATH.
Can you imagine if it was a year ago at $1000 or 2 years ago at $200 and you said "in one year bitcoin will be dead at $15000"
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crypto is only one order of magnitude away from the dot com bubble now
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Would be funny if one of these big shot investors got in right for crypto winter
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Bitcoin cannot flourish with $40 tx fees. Thats the whole point with these alts. btc needs to fix its shit first
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Most of the alts rallied 1500% against btc in the end of 2013, when we were making that wierd double top...
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The cycle for ATH is supposed to be 9 months, not 2 weeks!
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When I got into bitcoin, I put about 20% of my funds (At the time) into it. It then grew into about 99.5% of my funds. I reguraly do fiat withdrawals to try to get that number lower like 60% but it just keeps growing back above 90% with my trading.
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It does not matter how good you trade, the exchange will still shut down and steal your money.
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it could go sideways for a couple years but it would probably be at around 6K or 8K and not 15K. The sideways action is fueled by being in a bear market and were not in a bear market at 15K. Bitcoin will not trade like a real currency - the tx fees are too high. Since silk road went down it has never been and never will be a currency. It is a gambling game where coinbase bitfinex, poloniexx, and bittrex are the biggest tables.
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Maybe they should just take ripple out of coinmarketcap to fix that, since it's not really crypto. I mean should we be including VISA in the market cap too? where is the cutoff?
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Its going to be spectacular witnessing the whole world of amateur investors going through the next crypto winter, never having seen such a thing and not knowing what the hell is going on. It's be a topic everywhere like the great depression.
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How hard is it for bitcoin to switch mining algortihms?
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