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2012 pattern: From $266 to $60, or 2013 pattern: from 1250 to $100
and a few more is $65 to $10 years earlier, and than even earlier was $33 to $2......
Which one of these patterns will bitcoin follow. So far it is 19666 to 10270....
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Just now, hello free fall to $8000
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The entire crypto market will probably stabilize to a price similar to gold. Bitcoin and cryptos absolutely cannot be used as a currency.
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It's safe to say that most of the Bitcoin Exchanges have been founded by original whales, those that fall under the 900 people category.
What is 900 people category? It's those 900 people that own about 70% of all bitcoin in circulation.
In the bitcoin dips, it is so coordinated, these guys definitely collude with each other on what they want the price to be. In bear seasons, Bitcoin drops over 95 at different times. And in bull runs, BTC increases by 20x....
The rich is getting richer. The market is totally manipulated. The general "bitcoin user", investors, adopters, etc has about 5% influence on the Bitcoin market. 95% influence comes from the original 50 whales of bitcoin that dictates exactly what the price and graph should look like.
These guys are the exchanges, they founded the exchanges, these guys can make BTC price go to whatever they please.... though risking some of their assets when it is too extreme.
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It's always been said "Never short Bitcoins"
That's been the lingo up until now and it holds true. People shorting Bitcoins often got hurt.
However will the tide shift now? It seems like Bitcoin will form a pyramid shape with $20,000 being it's apex.
Will there be a new lingo of "Never go long on Bitcoins"?
A big sign of Bitcon's demise: Bulltards making many reverse FUD threads with multiple accounts.
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So lately I heard that trying to take advantage of new bitcoin forks could potentially steal all your bitcoins?
Could someone please explain this?
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Some have told me it is filled with "spyware and malware". That sounds pretty scary, but I don't know the truth to it. To what degree is it malicious is my question?
Anyway I'd like to know how to make it faster and delete all the unneeded programs and to disable automatic update, which is very annoying.
Thanks so much!
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So in this day and age of so many online threats; malwares, ransomware, wallet stealing software, phishing, etc.
Is there a way to run something in an isolated environment where it cannot infect your actual pc or steal from hotwallet?
I saw something on virtual pc, vmware, sandboxie, and comodo sandbox, are they all the same?
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So in this day and age of so many online threats; malwares, ransomware, wallet stealing software, phishing, etc.
Is there a way to run something in an isolated environment where it cannot infect your actual pc or steal from hotwallet?
I saw something on virtual pc, vmware, sandboxie, and comodo sandbox, are they all the same?
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So after the fork happens and say I have 1 bitcoin, how do I get the new coin that comes out?
Thank you
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It's perhaps one of the worst currencies in the world for everyday transactions. It's only good for transactions greater than $10,000, for now. As time goes on it will only be good for TX greater than $100,000. Any small TX would be useless to make with bitcoin.
Visa, Amex, Mastercard, will continue to dominate. Bitcoin really has no place in the financial world in this aspect....
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How do you do it? Technical Analysis + Fundamental Analysis + Instincts + research?
What else? Please share your ideas.
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It's a carbon copy of 2012/13.
2012/13:
Good news: Winklevoss ETF, btc funds arising, publicity
Price: $100 - $1200
Bad News: China regulates BTC related bank tx, just a tipping point
Price: $1200 to $100
MTGOX closes for good, multi year bear market.
2017/18:
Good News: CME, BTC Derivatives market entering Wall Street
Price: $500 - $20,000
Bad News: South Korea Hacked, China bans BTC, so all the Chinese BTC cannot be sold.... which will eventually be laundered to new exchanges to be redeemed.
Price: $20,000 to $10,000 (thus far)
BFX might close down for good.
It's a carbon copy of 2012/13....
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Bitcoin is entering a multi year bear market again.
Just compare this current crash to the crash of 2012/2013; they are like carbon copies of each other.
The previous bubble was predicated on several factors: Winklevoss ETF, technicals, and adoption, etc.
When the actual events came to fruition, BTC was in a bear market.
The Japanese exchanges are the new Chinese exchanges, which reached ATH before BFX, Stamp, etc, just like the Chinese exchanges did back in 2012/13.
A simple nonchalant bad news became the tipping point to the crash just like 2012 when a stupid "Chinese bans bank related btc transactions" news was the tipping point for the multi year bear market.
BTC is entering the same bear market again. No sane investor is going to adopt BTC for a long time to come, if ever.
This is the time to buy IF you want to wait potentially 10+ years for the next potential increase targeting >$200k, if that actually will come to fruition.
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So I made 2 posts; one offering to sell an item, the other requesting a loan and using the same item as collateral.
It's very simple; I wanted to give myself the option of either selling it or getting a loan for it, since I'm undecided on whether i want to forego the item entirely.
But 'VOD' simply assumes I will not claim the item back if I get a loan, and hastily just shells out a negative trust and staining my name.
How is that fair?
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