bones261
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Activity: 1806
Merit: 1827
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March 12, 2017, 05:22:38 AM |
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its not gr8 at long term storage...
but if we are looking to preserve some value for a short time.
cash is king.
Not always...  right highly sought out rare unique items might be and excellent store of value. a bitcoin more like these stamps then it is gold. these stamps have a strictly limited supply. not so with gold. These stamps were from Germany in 1924. LOL. The are not rare or valuable at all. The point is they were going for 5000 to 500,000 marks, and then they had to cross that out and they were going for 2 million marks. I was refuting your claim that cash is king for the short term. That has not always been the case. |
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Killerpotleaf
Sr. Member
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Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
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March 12, 2017, 05:36:03 AM |
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its not gr8 at long term storage...
but if we are looking to preserve some value for a short time.
cash is king.
Not always... right highly sought out rare unique items might be and excellent store of value. a bitcoin more like these stamps then it is gold. these stamps have a strictly limited supply. not so with gold. These stamps were from Germany in 1924. LOL. The are not rare or valuable at all. The point is they were going for 5000 to 500,000 marks, and then they had to cross that out and they were going for 2 million marks. I was refuting your claim that cash is king for the short term. That has not always been the case. i assumed you were point to some super rare stamps or somthing ...idk... ahhh the Gr8 Germany " wall-paper money experiment "  |
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Killerpotleaf
Sr. Member
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Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
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March 12, 2017, 06:03:41 AM |
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Killerpotleaf
Sr. Member
Offline
Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
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March 12, 2017, 06:21:45 AM |
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Karartma1
Legendary
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Activity: 2310
Merit: 1422
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March 12, 2017, 07:15:46 AM |
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 Yes, if there was any need to confirm that we got some maturity in the btc market well now it's confirmed. We had all the eyes of the financial world on us and the big fellas expected a big drop to come onboard without the etf but they got it wrong. As we usually say around here: GO BTC GO!
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kurious
Legendary
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Activity: 2590
Merit: 1643
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March 12, 2017, 07:24:55 AM |
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The assumption that a new paradigm of 'stability' has arrived in Bitcoin is often found to be false before very long.
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Ted E. Bare
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March 12, 2017, 02:18:58 PM |
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Breakout to the upside in progress? Happening?
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mckk
Newbie
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Activity: 27
Merit: 0
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March 12, 2017, 02:22:04 PM |
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Breakout to the upside in progress? Happening?
Pre-dump breakout |
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savetherainforest
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March 12, 2017, 02:24:59 PM
Last edit: March 12, 2017, 02:35:24 PM by savetherainforest |
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its not gr8 at long term storage...
but if we are looking to preserve some value for a short time.
cash is king.
Not always... right highly sought out rare unique items might be and excellent store of value. a bitcoin more like these stamps then it is gold. these stamps have a strictly limited supply. not so with gold. These stamps were from Germany in 1924. LOL. The are not rare or valuable at all. The point is they were going for 5000 to 500,000 marks, and then they had to cross that out and they were going for 2 million marks. I was refuting your claim that cash is king for the short term. That has not always been the case. i assumed you were point to some super rare stamps or somthing ...idk... ahhh the Gr8 Germany " wall-paper money experiment " Dude... u'r giving me ideas to do that with some ucrainian Hrivnas or some russian Rubles!  That is just epic... Think of all those plastic moneyz that will be so good for insulating my bathroom.. I think australian $$ or canadian $$ will do just fine for keeping the moisture out of the walls! |
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becoin
Legendary
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Activity: 3431
Merit: 1233
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March 12, 2017, 02:25:08 PM |
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But, but, but why is price going up? SEC rejected Bitcoin! It must vanish and disappear in matter of days!
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Ted E. Bare
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March 12, 2017, 02:26:26 PM |
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A lot of people sold at ETF news and are out of coins talking their books. Dump my ass. They get forced to buy back at a loss. |
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eddie13
Legendary
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Activity: 2296
Merit: 2262
BTC or BUST
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March 12, 2017, 02:26:50 PM |
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Trapped all you guys waiting to buy the dip good!!
Ingenious!!
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Torque
Legendary
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Activity: 3556
Merit: 5041
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March 12, 2017, 02:31:59 PM |
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We should all troll the shit out of /r/Buttcoin, jstolfi, and Prof. Bitcorn if the ETF gets approved. Lol LOL. I know riight? Now they will act all smug and indignant, and never go away. <sigh> (wait, what am I saying, they're being paid to troll so they will never go away) |
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savetherainforest
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March 12, 2017, 02:41:29 PM |
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Trapped all you guys waiting to buy the dip good!!
Ingenious!!
I guess 1300$ will be the new bottom.  |
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Arcteryx
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March 12, 2017, 02:44:39 PM |
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Trapped all you guys waiting to buy the dip good!!
Ingenious!!
It's jumping now at $1200 exactly. This should be the motto of bitcoin price watching: Losers focus on losers, Winners focus on winners. |
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JayJuanGee
Legendary
 Online
Activity: 3710
Merit: 10220
Self-Custody is a right. Say no to"Non-custodial"
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March 12, 2017, 02:45:54 PM |
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Breakout to the upside in progress? Happening?
Pre-dump breakout Wishful thinking mckk. I am sorry about the loss of your short. The fact of the matter is that maybe you can sell a little bit of BTC to take out some risk, but do not sell large portions or short, because the upside potential is much greater than the downside, and if you bet on downwards, then you run a considerable risk of either getting left behind or having to buy back at a higher price |
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GGALINff
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March 12, 2017, 02:45:58 PM |
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Trapped all you guys waiting to buy the dip good!!
Ingenious!!
I guess 1300$ will be the new bottom. it will be most likely I think a lot of folks were waiting for ETF news to buy, now they need to buy without ETF I bought some on the dip, but have more dry powder to buy more if it dips again |
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10220
Self-Custody is a right. Say no to"Non-custodial"
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March 12, 2017, 02:52:55 PM |
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We should all troll the shit out of /r/Buttcoin, jstolfi, and Prof. Bitcorn if the ETF gets approved. Lol LOL. I know riight? Now they will act all smug and indignant, and never go away. <sigh> (wait, what am I saying, they're being paid to troll so they will never go away)You are correct Torque... It doesn't matter how wrong some of the paid shill trolls are. They are not going to go away, and they will take every possible opportunity to proclaim that they are correct, and I told you so, even if the facts do not really line up with any prognostication that they are making. Also, the fact of the matter is that frequently these paid shill trolls refuse to recognize that bitcoin is already a success and the success is not exactly price dependent - but sure there does seem to be quite a bit of validation in price, as well. We could stay floating in the $800 to $1400 arena for years and years, and bitcoin will still be a success, but likely may of us realize that level of stability is a less likely scenario and bitcoin is likely to be volatile to the upside greater than $1400. Who knows what is going to happen, exactly, with price, but the ongoing and current upwards price pressures seem quite considerable and quite broad. |
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mckk
Newbie
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Activity: 27
Merit: 0
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March 12, 2017, 02:54:48 PM |
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Breakout to the upside in progress? Happening?
Pre-dump breakout Wishful thinking mckk. I am sorry about the loss of your short. The fact of the matter is that maybe you can sell a little bit of BTC to take out some risk, but do not sell large portions or short, because the upside potential is much greater than the downside, and if you bet on downwards, then you run a considerable risk of either getting left behind or having to buy back at a higher price Actually I've earned a bit on my shirt when ETF was announced (because my market order was executed too late). Anyway I'm a bit negative because I see no real reason for bitcoin to rise so fast tbh. About your tip to not sell all btc at such important events as ETF, that's smart but when I play with leverage I cannot risk getting my position liquidated. |
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