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121  Economy / Speculation / Re: Peak and correction coming on: November 02, 2017, 03:44:18 PM
6950$.
In my humble opinion we're really close to hit the top.

I don't think the bull run will last till fork date.
It's a matter of few days, best case.

We're in bubble territory, so take profit and be liquid.








Can you confirm that you sold all your BTC?
122  Economy / Speculation / Re: Why bitcoin can never go past $7000 on: November 02, 2017, 03:41:19 PM
Bagged and tagged 7k~
123  Economy / Speculation / Re: Why bitcoin can never go past $7000 on: November 01, 2017, 08:14:40 PM
Forget about $7000, I think Bitcoin will reach $70,000 before we all know it. Anyone without Bitcoins at that time will look like an idiot just as people said Bitcoin would not reach $5000 and then were left with a empty paper bag.

Bitcoin is one of the best assets to HODL as well. And therein lies one of the factors that's driving up the price. There are lots of HODLERs creating a demand situation which cannot be met. On top of that, a lot of people are losing their private keys or wallet, reducing the quantity even further.

What about the upcoming halving in 2020 which should get priced in at the end of 2019 or beginning of 2020.
124  Economy / Speculation / Re: Hold ETH or exchange it for BTC and hold BTC? on: November 01, 2017, 06:00:52 PM
Sell half of your ETH and buy Bitcoins if you have no Bitcoins at all. In any case, keep your investments distributed so that you don't take a huge loss.
125  Economy / Speculation / Re: Is this Forum full of 'normal people' who over the years became filthy rich? on: October 30, 2017, 04:38:06 AM
heh
126  Economy / Speculation / Re: 5 Reasons Why Bitcoin Price is Not Tulip Mania: Nasdaq.com on: October 27, 2017, 05:47:41 PM
5 Reasons Why Bitcoin Price is Not Tulip Mania: Nasdaq.com
https://cointelegraph.com/news/5-reasons-why-bitcoin-price-is-not-tulip-mania-nasdaqcom

1. The Growing Acceptance of Bitcoin as Legal Tender
2. Increasing Merchant Adoption
3. Bitcoin Is Increasingly Acting as a Store of Wealth in Distressed Economies
4. Bitcoin Has Only Just Gone Mainstream
5. Bitcoin’s Supply Is Limited

The only thing that can derail this is the scaling issue.

Bitcoin is back up to $5,858.
I think that bitcoin has a lot more growth potential.  But I think there are other things that could derail it.  One is a concerted effort by major governments to ban or regulate it to death.  Another is the emergence of a superior coin that could replace it.  As things stand right now, most of the crypto I have is in bitcoin for growth purposes.  But when trying to move money around, I prefer not to use bitcoin.  It takes way too long, and the transaction fees are way too high.  I think it's a great investment asset, but I don't think it's a great currency.

I do agree that the transaction fees are starting to get ridiculous with Bitcoin. If you are not in a hurry, you can reduce the fees you want to pay and it will still go through though it will take a bit longer. I have been able to pass through transactions with extremely low fees though it did take quite a bit longer to process. All in all, I am quite unhappy about the fact that these fees are starting to get higher and higher.

The above reason is why no one will be able to use Bitcoin to go grocery shopping and that will result in Bitcoin always being the black swan in the family of payment processing.
127  Economy / Speculation / Re: "Big News From China" is spreading false information on: October 26, 2017, 04:55:13 PM
Just want to say that I am so glad China is finally out of this. The only fear I had was that China would continue to screw around and ruin what Bitcoin stands for.

Its ridiculous to expect a DECENTRALIZED currency being used in a country which has the most centralized power.

Goodbye China, we will not miss you~
128  Economy / Speculation / Re: "Bitcoin will implode"... on: October 24, 2017, 08:10:59 PM
He has not cared to explain what if anything is common among Bitcoin and Enron. I doubt he knows what he is talking about and is simply stating his feelings based on the unknown or his own ignorance.
129  Economy / Speculation / Re: Sold my Bitcoin today on: October 21, 2017, 06:34:56 PM
I sold 1/4th of my bitcoins today as price was too good to me and I thought that in coming days price may drop so sold some coins and gain best profits on my investments and now hoping for the price to go lower in coming days so that I could buy some bitcoins at lower price as price will surely go below $6k in coming days.

The price should go below 6k easily since it was the first time it went over that recently. But given the kind of rise we are seeing, may want to hold off till $20,000 or even $1,00,000 before selling. Bitcoin is just starting to gain popularity in the investment world. Lots more price increase to follow given the limited supply.
130  Economy / Speculation / Re: North Korea threatens 'unimaginable' strike on United States on: October 19, 2017, 09:09:05 PM
USA along with its allies may attack North Korea next year. What sort of attack remains to be seen but flying B1 bombers along the coast does not signal conventional war but rather a nuclear war. They may drop nuclear bombs on strategic targets while laying to ruins artillery along the DMZ using conventional weapons.

It will be a very tense time after spring of next year. I don't think there will be any way out other than a war. Now, Bitcoin will do fine then. In fact, people may choose to drop cash into it as they do into gold. I don't think it will affect Bitcoin positively but it won't negatively either.

BTW, a war with North Korea can bring about a real shift in people's priorities and can bring about some new dynamics into the game.
131  Economy / Speculation / Re: What's your exit/take profit plan with Bitcoin? on: October 13, 2017, 05:48:28 AM
Sell little pieces and buy back when a good deal comes around. Never ever sell for less than the bought price.

It has a long term future so its all about catching the waves if and when you can and enjoying the ride up.
132  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin cash or Bitcoin gold? on: October 13, 2017, 05:40:34 AM
You can flush both down the crapper quite simply because they are 'Chinese' driven.

You can see the price of Bitcoin Cash or WTF its called. Its crap and will always be crap and crap is worthless.
133  Economy / Speculation / Re: 2 Days back i sold 17 BTC for 4968 $ on bittrex - i regret on: October 13, 2017, 05:38:02 AM
hello just 2 days back

I sold around 17 BTC for 4968$ on bittrex

and bitcoin price got pumped recently

should i wait for price drop or should i buy at current price  ?

You will be able to buy it back below what you sold. Just wait on it.

Next time don't sell your entire stash, sell a bit and if the price goes down buy it back. If the price goes up, it does not matter since you hold more anyways. Usually the price will go down a bit every once a while. Wait for a DEAL to come along and then buy back.
134  Economy / Speculation / 10K on: October 12, 2017, 03:48:45 PM
How many actually think Bitcoin will practically reach $10,000 within the end of 2018? That would mean doubling an investment made today and that would be one HOT investment.

https://www.coindesk.com/billionaire-mike-novogratz-bitcoins-price-will-reach-10k-in-less-than-a-year/

135  Economy / Speculation / Re: Is B2X already priced in? on: October 09, 2017, 04:10:31 PM
Its been priced in but there will be some rise in price all the way up to middle of November. Its a good chance to buy at below $5000 currently and dump it at $6000.

The 4k pricing is consolidating now.
136  Alternate cryptocurrencies / Altcoin Discussion / Re: Red Pulse (RPX) just destroyed themselves - Worst ICO ever! on: October 09, 2017, 03:51:17 PM
Be very careful, the domain name itself is extremely new and this whole thing would be very risky at best. They have no real contact information and the entire thing is out of China where ICOs are outlawed anyway.

https://www.alexa.com/siteinfo/red-pulse.com
https://www.dynu.com/en-US/NetworkTools/Whois?Host=red-pulse.com
137  Economy / Speculation / Re: Bitcoin rise is over on: October 04, 2017, 08:33:11 PM
Here is another chart. We are not in any state to do a quick rise and do need to be a bit cautious. There is a lot of bad news circulating about Bitcoin these days. But all in all, there are too many investors into the game for it to drop to lows like $2000 anymore.

We may hang around this price area for many months and it may get boring but this is not a time to sell and get left at the station as the train leaves.

138  Economy / Speculation / Re: Will Bitcoin value crash if North Korea goes to war with Japan on: September 27, 2017, 06:18:03 PM
I think that the opposite will happen. If North Korea goes to war against South Korea and Japan, then the value of Japanese Yen and South Korean Won will crash. So the people in these nations will rush to protect their wealth, by purchasing assets such as gold and Bitcoin.

Completely agree, if anything the value will go up when the war breaks out (quite sure one will sooner or later).
139  Economy / Speculation / Re: Is PayPal now feeling the pressure from Bitcoin? on: September 27, 2017, 06:15:39 PM
Paypal has an edge. It is more widely known and used than Bitcoin right now, and if BTC gains popularity, paypal could include it as a currency (just as it includes currencies from several parts of the world). It does not have to dissappear with bitcoin really, but to evolve.

To be honest, no one knows PayPal in most of the countries in the world. Try South America or Asia and no one uses it. EVERYONE knows Bitcoin these days though most don't use it.

PayPal can never work like a digital currency because they are forced to follow the laws of each country and that pretty much jacks them up and keeps them tied up in terms of cross border transfers.
140  Economy / Speculation / Re: Is PayPal now feeling the pressure from Bitcoin? on: September 27, 2017, 06:13:35 PM
PayPal is crap. They don't even have a phone number where you can call and handle matters. You can just open a dispute and hope and pray that your matter is handled if anything at all. They are no different from any other payment processor and charge charge back fees and so on in a cold blooded manner.

On top of that they report off everything to big daddy IRS. They are obviously scared of Bitcoin as well as apps like Ca$h so they are trying to drive their mobile app before they become outdated.

I remember asking them a question and the response back to me after 2 days was asking me what the question meant. They did not even attempt to put the word into Google for which the first hit was their own website documentation.

They will never make it into markets like China and so on so they will never be the world bank or whatever they are trying.
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