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61  Economy / Speculation / Re: $800-$4000 will be the bottom. on: January 16, 2018, 06:16:36 PM
This is the result of FUTURES which everyone welcomed. Thanks to the futures now traders can SHORT and now the game is being played on both ends not just BUY.

In any case, lightning network implementation will take BTC to the next level. Its better to focus on the technology and adoption itself than what exchanges and traders are up to.
62  Economy / Speculation / Re: I'm officially sick of the bitcoin price right now... on: January 16, 2018, 04:27:24 AM
.. so I've been watching and reading about btc technical analysis almost daily now, and I'm kind of sick of being in this current triangle.  I've only been in btc since September so I really don't have that much history, but for those who have been in btc much longer - how much longer do you think it will take before btc goes back on the upward trend again?  It just seems like a really long sideways movement.

On Dec 17th, it reached its high of $20k, and it has taken almost a month and we're still below those numbers.  What is your estimate for when we can be above $20k again and onward to what people predict for this year ($50k-$100k)?  Another month?  March?

I know nobody knows for sure, but just looking to hear about what people's gut feel is (and only from those who have btc experience over a year please).

Thanks.

Take a look at the transactions backlog before Dec 10th and since then and you will understand where we are right now. There is just a massive number of transactions resulting in slow transaction speed and expensive fees. This is a big problem right now which forces people to get into alt coin. As the transactions reduce and especially if lightning network comes close to being deployed, we can expect the price to rise quickly.
63  Economy / Speculation / Re: WHY I BELIEVE BITCOIN WILL REACH A NEW ALL TIME HIGH VERY SOON. on: January 16, 2018, 04:01:54 AM
Am eager to see the lightning network development coming to a point where it is released. This is really very important to resolve Bitcoin transaction issues.

http://lightning.network
64  Economy / Speculation / Re: 15-JAN-2018 Crypto Black Monday on: January 15, 2018, 09:37:24 PM
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
65  Economy / Speculation / Re: 15-JAN-2018 Crypto Black Monday on: January 15, 2018, 05:58:58 PM
Anyway since you really want to know: http://i68.tinypic.com/2a9uq0x.jpg

So now you're going to shoot a photo of your position ? I showed you mine, now show me yours Smiley

Be careful bruv, trading on margin is very very risky, I hope you make enough money soon to leave that risky world behind.
66  Economy / Speculation / Re: 15-JAN-2018 Crypto Black Monday on: January 15, 2018, 05:56:13 PM
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.
67  Economy / Speculation / Re: opinions on downward trend on: January 15, 2018, 05:40:40 PM
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!!!!!

68  Economy / Speculation / Re: BTC 70k end of 2018. on: January 15, 2018, 05:38:48 PM
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.
69  Economy / Speculation / Re: Market crash ? on: January 13, 2018, 04:21:20 PM
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.
70  Economy / Speculation / Bitcoin price drops because Korean exchange removed by CMC on: January 08, 2018, 09:07:39 PM
https://www.reuters.com/article/us-global-bitcoin/bitcoin-slides-as-website-drops-south-korea-prices-from-virtual-currency-rates-idUSKBN1EX1CC

Bitcoin sank on Monday after website CoinMarketCap removed prices from South Korean exchanges from its calculations of digital currency rates without any warning, resulting in a steep drop in all virtual coins they track.

If you are concerned about the whole list of red on CMC, this could be the reason.
71  Economy / Speculation / Re: Whatís Next for Bitcoin in 2018? on: January 08, 2018, 05:08:18 PM
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.
72  Economy / Speculation / Re: 08 Jan is a black day? on: January 08, 2018, 05:05:42 PM
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.
73  Economy / Speculation / Re: The market is on fire today! on: January 08, 2018, 04:58:15 PM
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.
74  Economy / Speculation / China to restrain mining on: January 03, 2018, 12:13:02 PM
Please read below article. I for one think that China completely leaving the Bitcoin world would be great so we can stop running across their pathetic rule changes.

https://www.reuters.com/article/us-markets-bitcoin-china-mining/china-central-bank-can-tell-local-governments-to-regulate-bitcoin-miners-power-use-source-idUSKBN1ES0TD
75  Economy / Speculation / Re: DON'T PANIC. HOLD YOUR BITCOIN. on: December 23, 2017, 01:49:55 PM
HODL! And you will retire rich. There will always be corrections and I invite them to shake off the weak hands.
76  Economy / Speculation / Re: ⛔️⛔️⛔️ Is It Time To Cash Out The Profits? ⛔️⛔️⛔️ on: December 20, 2017, 06:13:49 AM
The lead up to CBOE and CME is over. So itís normal for the excitement money to stop flowing in. But I donít 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~
77  Economy / Speculation / Korea bans Bitcoin derivatives~ OUCH! on: December 08, 2017, 01:30:59 PM
I am not sure how much of a serious damage if any this does to Bitcoin's growth in terms of market capital.

https://www.coindesk.com/report-bitcoin-derivatives-banned-south-korean-government/
78  Economy / Speculation / Re: $70,000 anyone? on: December 08, 2017, 03:30:53 AM
Updated chart which is just out of this world, literally!


79  Economy / Speculation / Re: This won't end well on: December 07, 2017, 09:47:17 PM
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.
80  Economy / Speculation / Buy low and selling high on different exchanges on: December 07, 2017, 09:37:29 PM
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/#markets

Can someone please explain the catch?
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