Karartma1
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June 13, 2016, 05:44:52 PM |
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Cos once your out of bitcoin, yo in fiat. Quicksand.
Smart money get out of bitcoin from time to time. But they don't get in fiat. They get in gold. That's why they are smart money. I did it. I opened a gold position with some btc a 700$/btc. It's good to diversify in times of uncertainty. I used vaultoro to do that which i found useful. In case bitcoin goes down I can reverse everything and get more bitcoin.
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Rampion
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June 13, 2016, 06:03:52 PM |
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mark toknormal's post - he is speaking the truth.
amen brother - if bitcoin survives a few years more there will be a whole generation for which bitcoin is simply better than gold - full stop.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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June 13, 2016, 06:21:58 PM |
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I bought another coin at 698$ pretty confident we are going up. and up. and up
I was losing hope last summer, but this year I'm starting to get more confident we are going up. and up. and up. Last summer the best move was to dump when it hit 300 and wait to buy back in lower. This summer each time I expect a retrace it doesn't happen, the price just keeps going up. The best move this summer might be to hold and buy more if you get your hands on some fiat. there is alot of talk of up and up. it sure is going up and will go up alot more - maybe a new ATH. But it will crash. Are people forgetting that the "harvening" simply means 1800 less bitcoins (potentially) coming onto the market each day. there were lots to buy before and there will be lots to buy afterwards. So its just a pump around a low key event. At best I see $400-$450ish within 2 months of the day we "harve". As that is where we are really at. At worst it will be 25% of its high point. Ensure you are not borrowing to buy bitcoins as then it will really hurt. The logic above is nearly total nonsense. The current price movement is not merely in respect to havening, but a variety of factors including bitcoin's development and clearing up of various FUCD spreading matters in the community with the realization that much of the FUCD spreading was nonsense. Furthermore Bitcoin's price had been successfully repressed for nearly a year, so there was a need to return prices upwards, and this is the return of those prices. Regarding the havening, you are suggesting that havening is a bearish event with some kind of implied logic that miners are going to have less incentive to mine, and this kind of logic is frequently passed around loudly and forcefully, as if the more you repeat a lie it will become true.... In fact the havening is bullish, and it plays out over time rather than being a pump event, as you are stupidly asserting in your post.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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June 13, 2016, 06:31:27 PM |
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This is looking like the start of a new bull run. 2500 USD by September.
Well, the bull market started in August 2015, but probably we did not know it until about December after we had some corrective attempts... then such bull market was stalled by various FUCD spreading attempts. It's not clear that it is going to take until September to experience an upsurge to $2500 or higher. We have to see how this plays out in the $600 to $700 territory. Actually, when we broke through $500, I thought that we would get to mid-$600s more quickly, but it kind of took its time and then kind of only got a bit out of control over the past weekend from $580 to $725. O.k... this price range could be reigned in, but if we get well into the $800s on this run, then it could well transform into an exponential growth to $3k to $5k within the 1 to 4 weeks... or some other variant that is much sooner than September. I doubt that anyone really knows for sure, even some of the big-ass whales, and accordingly, we have to really see how this plays out, and whether we are going to have a price battle in the $600s and $700s or if there remain fewer sellers than buys, which will cause BBBBBAAAAAMMM!!!
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AZwarel
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June 13, 2016, 06:33:28 PM |
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Smart money get out of bitcoin from time to time. But they don't get in fiat. They get in gold. That's why they are smart money.
I'd say the dumb money is in gold. If you want to be standing with your pants around your ankles in ten years time then invest in gold. Here's the problem: Over the last few millennia, gold gained value due to its monetary properties more than anything. In particular, those of limited supply, fungibility and mobility because coins could be transported anywhere in the age of physical markets and exchanged directly - peer to peer - just as bitcoin is. However this is no longer possible. Gold has lost this, most important of monetary properties since during the last half century the bulk of the world's trade has moved from a physical to an electronic platform. This means that you no longer transfer ownership and possession of gold in the same trade and so consequently the gold market has forked into 2 distinct monetary media: a physical one and a (so called) "paper" one where ownership is transferred but posession cannot be taken. The problem with the paper market is that it is not a fixed supply, so bang goes the second of gold's great monetary properties. Gold traders can choose which of these two media they prefer to trade - you can have either mobility or possession but you can't have both. Because of this "forking" of the market, gold will never again command the kind of values or be able to support the same kind of "safe haven" investment that it did during the last few centuries. It is handicapped permanently and pegged at a value which represents the balance of demand between the physical and paper markets. Cryptocurrencies, on the other hand, remedy the problem since they are the perfect "bearer instrument". One with which you can take both ownership and possession in the same trade and for that reason are likely to outperform precious metals by several orders of magnitude over the next few years. Nice summing it up. Also, gold as a possession has it's problems, like, it is physical, unlike bitcoin, which is basically pure information. And as we know, anything physical can be taken away. Easily https://en.wikipedia.org/wiki/Executive_Order_6102.
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Spaceman_Spiff
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June 13, 2016, 06:33:55 PM |
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Smart money get out of bitcoin from time to time. But they don't get in fiat. They get in gold. That's why they are smart money.
I'd say the dumb money is in gold. If you want to be standing with your pants around your ankles in ten years time then invest in gold. Here's the problem: Over the last few millennia, gold gained value due to its monetary properties more than anything. In particular, those of limited supply, fungibility and mobility because coins could be transported anywhere in the age of physical markets and exchanged directly - peer to peer - just as bitcoin is. Gold traders can choose which of these two media they prefer to trade - you can have either mobility or possession but you can't have both. Because of this "forking" of the market, gold will never again command the kind of values or be able to support the same kind of "safe haven" investment that it did during the last few centuries. It is handicapped permanently and pegged at a value which represents the balance of demand between the physical and paper markets. Cryptocurrencies, on the other hand, remedy the problem since they are the perfect "bearer instrument". One with which you can take both ownership and possession in the same trade and for that reason are likely to outperform precious metals by several orders of magnitude over the next few years. Agreed, I still have a bit of gold from before, but I don't expect much from it (I even expect it to devalue quite a bit in purchasing power), it's just a monetary hedge for the case crypto should fail for some reason, a situation I am considering to be less and less likely.
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DaRude
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In order to dump coins one must have coins
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June 13, 2016, 07:15:16 PM |
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Was hoping for a bit of a long squeeze and shorts to start piling up, but it's not happening. Everyone is holding on tight not sure if it's a good thing or bad
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toknormal
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June 13, 2016, 07:19:54 PM Last edit: June 13, 2016, 07:37:22 PM by toknormal |
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Ouch. No Macbook Pros announced @WWDC.
Disaster.
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Spaceman_Spiff
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June 13, 2016, 07:30:47 PM |
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Expecting a drop here
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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June 13, 2016, 07:40:03 PM |
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Bitbulls what do you think will be the top on this pump?
2500 USD for this summer period But contrary to all previous tops, I don't see a big collapse happening. There will be a significant correction but we will not have a long dead valley anymore. You are crazy if you believe some kind of pie in the sky utopia for bitcoin... Of course, as market cap increases, the extremities of the highs and lows in the volatility are going to be less... and less But bitcoin remains a bit of a baby in terms of market cap.. In the upper $600s bitcoin is under $11billion market cap. In this respect, Bitcoin prices are very likely to continue to overshoot like it has done in the passed, so even though you may expect it to stop at $2,500, it will go to some amount that is likely overvalued in terms of support for that price, and then it will come crashing down.. probably even further than it should.. but we will again suffer with valleys and under appreciation of the asset, and there may even be a few scandals here and there.. stealing and FUCD spreading and possibly even some actual technical glitches... including potential governmental complications, too. I certainly don't know any kind of exact future for bitcoin, but I do understand that you cannot wish away volatility, and the non-volatile scenario you describe likely has a less than 1% chance of occurring, that is if we reach those price levels, which is another if.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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June 13, 2016, 07:45:54 PM |
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I'm starting to get nervous now to be honest. I'm sitting on coins wondering when to get out. I don't want to miss the top & end up seeing a big dump.
What is the reason that you want to wait until the exact top? If you are nervous, shed a bit. You don't have to go 100% one way or another.. just shed 10% or 50% or whatever other amount may be comfortable for your situation.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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June 13, 2016, 07:54:05 PM |
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since when is a correction a dump? Already going up again
Desperate bears and shills are looking for any opportunity that they can find to get folks to sell on the way down and to create more down. good luck with that, we remain in a very good place with a decent amount of UP potential.
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molecular
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June 13, 2016, 07:56:58 PM |
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Bitbulls what do you think will be the top on this pump?
2500 USD for this summer period But contrary to all previous tops, I don't see a big collapse happening. There will be a significant correction but we will not have a long dead valley anymore. that would be awesome. what are you basing this expectation on?
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dumbfbrankings
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June 13, 2016, 07:59:54 PM |
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Why is ETH rallying for the BTC halvening? Shouldn't premined scam coin be going down while we moon? Also, you can currently exit BTC at a higher price than NLC did. Will you?
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becoin
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June 13, 2016, 08:04:13 PM |
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Smart money get out of bitcoin from time to time. But they don't get in fiat. They get in gold. That's why they are smart money.
I'd say the dumb money is in gold. I'd say the dumb money is in US dollar.
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savetherainforest
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June 13, 2016, 08:06:05 PM |
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Cos once your out of bitcoin, yo in fiat. Quicksand.
Smart money get out of bitcoin from time to time. But they don't get in fiat. They get in gold. That's why they are smart money. Gold is dead dude! ... you can have 10-20 grams in case of emergencies in a tablet of 1gram capsule so if u buy a 20 gram package you get 20 tables of 1 gram each... and in case the apocalypse comes and no money or labor is good but gold yeah... sure a few grams will be 'ok'. But you would have better success in growing potatoes and sell them for a better profit than gold. Especially in countries like Venezuela where you could literally enslave somebody for 1kg of potatoes per day to work for you for 'free'! But gold is dead. Its too traceable, too much bureaucracy to buy some, they can find you and confiscate it from you in case the sh!t hits the fan.They can even imprison you for not giving them your gold for their useless, pointless fiat. If its not incorporated as jewelry on you as accessories when you pass trough an airport they can confiscate it. All kinds of sh!t like that! Gold does not have a password and its heavy!!! And with that I end my argument.
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DaRude
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In order to dump coins one must have coins
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June 13, 2016, 08:09:01 PM |
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Ask yourself this, how likely is it for the whole market turning bearish before the halvening? People are not sure how halvening would effect the value, what true demand is etc.. So i think extremely unlikely. The possibility of buying the rumor and selling the news is different and won't happen till a day or two before the event (if at all) and will depend on how retarded the price will get.
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BlindMayorBitcorn
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June 13, 2016, 08:27:04 PM |
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Why is ETH rallying for the BTC halvening? Shouldn't premined scam coin be going down while we moon? Also, you can currently exit BTC at a higher price than NLC did. Will you? These are some very good questions.
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Fatman3001
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Make Bitcoin glow with ENIAC
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June 13, 2016, 08:46:09 PM |
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Why is ETH rallying for the BTC halvening? Shouldn't premined scam coin be going down while we moon? Also, you can currently exit BTC at a higher price than NLC did. Will you? But do I have more coins than NLC did? Come on, Beelzebub! Spill yer beans!
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BlindMayorBitcorn
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June 13, 2016, 08:52:17 PM |
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Why is ETH rallying for the BTC halvening? Shouldn't premined scam coin be going down while we moon? Also, you can currently exit BTC at a higher price than NLC did. Will you? But do I have more coins than NLC did? Come on, Beelzebub! Spill yer beans! And what does he do for a living? Where does he buy his clothes? Does he have one of those personal automobiles like you see in the movies?
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