Be careful bruv, trading on margin is very very risky, I hope you make enough money soon to leave that risky world behind.
You're a newby to trading eh. Lesson 1: shorting is ONLY possible with margin. You are not buying anything, you're selling an asset that somebody lends you so you need margin so that the lender knows you're good for it and you can pay for any losses. Anywhere where's your position blotter photo ? Does it look my account is a newbie? SHORTING eh? In that case here is my advice for your little account you got going, be careful bruv SHORTING with MARGIN is very very risky and hope you can leave that gambling world after you make enough money. As for my holding, here is a screenshot of ONE of my wallets. https://ibb.co/gcZ71m
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Be careful bruv, trading on margin is very very risky, I hope you make enough money soon to leave that risky world behind.
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Sorry for the crude language but it is absolute nonsense trying to predict BTC with ONLY technical analysis considering how the price moves based on all kinds of news and unexpected scenarios. So yeah, good luck with this whole Black Monday crap, if anything BTC may actually go up today. If you are really bored and feel your money is lazing around and not working for you then try some alt coins like EOS etc. Note: Monkeys throw feces at each other. Monkey see, monkey do and monkey make a fool out of you! We are after all 99.99% monkeys. https://lightning.network/ is where the ticket to lift off lies.
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If BTC had to crap out, it would have already done so. As you can see there is very strong demand for BTC which is why the price hangs around 15k or so even with ridiculously high transaction fees. BTC is very very resilient.
Best way right now is to HODL as it has always been.
Lightning network please!!!!!
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There is a new dimension in play now which is alt coins like EOS etc which are gaining market cap. In some cases, they are pulling market cap out of BTC which is why BTC dominance has halved.
That said, BTC will go to $70,000 and beyond, but it needs the lightning network to come around so this slow transaction speed issue can be dealt with. So the real question now is not when will BTC become 70k but rather when will the lightning network get deployed.
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People always cry when the train has left the station without them. But when Bitcoin price is reasonable, they won't care about it and spend their time eating ice cream on the platform.
This is the good time to buy Bitcoin and HODL. Firstly, the whole news about futures is over. Next, Bitcoin transactions/fees are an issue. The news about China restraining miners as well as South Korea BS about shutting down exchanges etc is holding the price back.
Just saying that when the lightning network gets into play or Korean exchanges go back to normal, Bitcoin may surge over $20k. Don't cry about being left back on the station holding a cheap ice cream.
BTC is taking a very healthy break and be careful, it will surge like a MOFO on any type of good news that comes along this year. Buy when you get a chance and HODL, don't try to play the market, this market is on crack right now and NO ONE can play it.
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There is going to be a lot of trading in 2018. Traders are not HODLERS and they prefer if the price keeps going up and down so they can take profits on a regular basis. Those who are in for the long term should not be affected though but those who are expecting to see the kind of quick gains we had last year will be in for a surprise.
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Traders are now in this game more than ever before, every time they see profits, they will take it raining down red. Its no longer going to be a one way up scenario and will be more or less up and down so the traders can cut the juice from the waves.
Its going to be a hard time for HODLERS going forward.
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China is banning miners. Which will cripple the network, cause even higher fees and confirmation times.
China is not banning mining. China is allowing banks to tell electrical grid to stop feeding electricity for mining purposes. Their intention is to discourage mining but its not like all of the miners in China will just stop mining, there is just too much money invested so they will have to gradually do it. I am so glad China is doing this and they will finally be out of the crypto world permanently. I was so tired of their weird rule changes ever so often, its better they just get out of it and get themselves left behind while the whole world moves to crypto.
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HODL! And you will retire rich. There will always be corrections and I invite them to shake off the weak hands.
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The lead up to CBOE and CME is over. So it’s normal for the excitement money to stop flowing in. But I don’t think shorts are to blame for this yet because they actually must have it to short it and there is still time for that. The focus has shifted to altcoins as well.
Not a good time to sell because the flight may take off anytime~
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Updated chart which is just out of this world, literally!
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I am really hoping Bitcoin goes to about $20000 and then waits there for a week or two to gather up the clowns. Then I hope it drops its ass down to the $10,000 mark (which is already quite high) and polishes off the loose handed clowns.
Any investment is risky and anyone putting in more than 5% of their investment into Bitcoin alone is gambling and there are consequences. Of course the 5% may grow into 25% or more over time.
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There are significant differences in pricing on various exchanges. What is to stop someone from buying at a low rate on one exchange, sending it across into another exchange and dumping it for a profit? https://coinmarketcap.com/currencies/bitcoin/#marketsCan someone please explain the catch?
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Bruv, that dude may say whacky stuff, act whacky and be totally whacky et al but he got some some out of the box kind of thoughts. He may turn out to be right and may simply be unbiased and logical to make this type of prediction.
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This $70,000 may come sooner than 2020 halving if this positive trend continues for another 2-3 months and we pull out into the 20k area where the 5 figure pricing will start to look normal to everyone.
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