New FUD: where is proudhon our bad-news king? He is busy shorting bitcoin with max leverage.
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They are going to magically gather it together on Monday.
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The PBOC making another statement would be the straw that broke the camel's back. C'mon PBOC, this is your chance to temporarily squash bitcoin.
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After trading Bitcoin the stock market will put you to sleep.
Many penny stocks are even crazier than altcoin swings. Shorting marijuana stocks last week would have netted you nice gains.
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stupid Gox is the most professional & biggest exchange and if they wanted to steal their users coins, they could do it a lot more easily than by pretending to have a technical hitch. Why would they do that?!!! If they wanted to steal coins they would just pretend they got hacked or something. easy. this is pure paranoia and nothing else
Far more professional exchanges have gone bust in the world finance. Gox is a joke by their standards. Do you even trade anything else besides BTC?
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Gox's undercover PR department is here.
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bitcoinsrus,
Stop making so many threads asking for investment advice. It is cluttering this sub-forum.
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Well put! Yet if you hodl (Im getting sick of this word) this will never happen and the current price is good in the long term. At least I believe it will be.
If its a short term investment wait. If its a long term investment buy, store, and do not come back to this forum for another three years. The price may drop another hundred or two but all the energy/ time you would have spent watching the price will be worth the small loss in the big scale of things.
Wait 3 years? Do you not realize that bitcoin is an all out attack on the establishment banking system. Once bitcoin starts bothering them again it's at high risk of being killed off or being replaced by a more establishment friendly crypto. It is advisable to bitcoin noobs such as the OP to check its developments at least once every week and have price alerts on their phone. Hodling bitcoin long term at this point is high risk.
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The OP seems a near certainty to get slaughtered. He aint even bought any BTC yet and he is getting all fixated with all the Bitcoin to a bazillion USD within the next 12 months theories, backed up with log charts with lines drawn on them of course. He has got his hands on 12K USD, and imagining what life would be like if he could multiply that by 10, 20, 30, etc
Bitcoin will probably trend at $700 range for a few days. The OP will get impatient and will convince himself that Bitcoin has shown strong bottom support at $700 and that the trend has reversed. He will look to users of this forum for the bias confirmation that he wants to hear and he will of course get it in bucket loads. His attention span and personal bias will prevent him from even reading two single sentences from anyone who advises that caution be exercised. The OP will likely start entering the market right at this range. Within a few weeks, he will find himself around 30% underwater. He will look to this forum for moral support, he will again get to told to HODL, and be commanded to put as much new fiat as he can muster into these unbelievably cheap Bitcoins. Then Bitcoin will really tank as the true final capitulation hits. He will be 70% underwater by then, at which point, he will sell everything.
As Bitcoin bounces back, he will jump back in with the little capital that he has left, right at the top of the bounce. Bitcoin will then slump back down. He will sell taking a further 40% haircut. Bitcoin will spend a period of time in doledrums before building up support for another bull-run. A bull-run the OP will not be in a position to take advantage off.
LMAO.
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@OP, I saved your ass last time when you wanted to buy in the 820s by saying we would see 700 soon. And I still don't think it is a good time to buy.
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if you're talking about the put order on apex.co, it's actually an $8m bet on the price to rise as someone has explained on the thread.
Oh ok.
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30 Because I bought my first coins at that price.
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Listen to that guy who put 4 million dollars on bitcoin hitting 400-500.
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Panic selling.
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Even though it looks funny, those balance ball chairs are actually better for your back than regular chairs.
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Slightly off the topic but do you think it is worth buying on stamp and selling on btc-e for the slight profit or is the market to volatile at the minute to do that?
Stamp is better to be at during 'dumps' (stamp usually drops the lowest), but during regular periods BTC-e is a more interesting exchange to trade (more volatile).
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Really?
I will look into that.....although if it is less user friendly than Bitfinex, then I may have problems. My first attempt at shorting on bitfinex resulted in $350 dollar losses as I thought I was setting stop losses and cash-out limit orders, only to find that I was triggering market buy-ins in a retreating market.....I panic closed everything immediately at took the hit.
If there is short selling on BTC-E that may explain the more erratic chart behaviour also, as the bots farm Honest John Muggins' margin calls.
Bitcoin exchanges are full of fkn crooks. Pity about that.
Yes, but you can only do it on a third-party application called meta-trader, not through a web interface. BTC-E despite its 'anonymous' nature is quite a smooth running exchange, although use 2FA to be on the safe side from hackers.
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China is slowly becoming irrelevant. Last night nobody followed Huobi and they were forced to follow Western exchanges.
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