AZwarel
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November 19, 2017, 09:03:18 PM |
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Tok, if that happened I would expect people to be selling blood plasma for cash to buy that dip.....
It feels like that now but when sentiment turns around, all anybody can think of doing is offloading for the highest price as poss. It doesn't take many sellers to create a huge retrace, just as long as there's more of them than buyers. In a bear market the buyers just bide their time. We've always had 70-90 percent retraces after a huge runup. Different times. Now bitcoin has 10 times more recognition, millions join monthly to buy and hodl, most new buyers are not buying in for short term profit. Institutional investors join in soon, they won't dump, they hodl as well. Also, https://blockchain.info/charts/market-price?scale=1&daysAverageString=7×pan=all shows that we are not in a bubble, like those big retrace events before.
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toknormal
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Activity: 3066
Merit: 1188
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November 19, 2017, 09:05:34 PM |
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Different times. Now bitcoin has 10 times more recognition Well it's got 14 times more price. (of 12 months ago). Not different times. A spike is a spike and it's heading back to 2k or lower for consolidation before the next wave. Just be glad if it's 2000 and not 200.
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BitcoinBunny
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Activity: 1554
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Far, Far, Far Right Thug
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November 19, 2017, 09:09:03 PM |
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I don't see why it would fall below $5600 when last weekend was a major FUD already.
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rolling
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November 19, 2017, 09:12:08 PM |
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So far this year since July bitcoin price has stayed within the channels of this pitchfork drawn on a log scale chart:
The trend lines suggest a mid-term top around $9000 followed by a correction back to $7500. Price could also correct back the the mid-line at $6500. Where it gets interesting is if price breaks through the top trend line. Also something to keep in mind is January tends to be a down month, so I am expecting a rally into middle of December then some profit taking.
I cringe whenever someone talks about profit taking in regards to exchanging bitcoin for fiat. Bitcoin is not a stock. I don't know how people sleep at night with their money in fiat.
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toknormal
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Activity: 3066
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November 19, 2017, 09:14:54 PM |
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I don't see why it would fall below $5600 when last weekend was a major FUD already. It isn't FUD that crashes markets, it's technicals.
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JimboToronto
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Activity: 4172
Merit: 4816
You're never too old to think young.
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November 19, 2017, 09:16:15 PM |
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So far this year since July bitcoin price has stayed within the channels of this pitchfork drawn on a log scale chart:
The trend lines suggest a mid-term top around $9000 followed by a correction back to $7500. Price could also correct back the the mid-line at $6500. Where it gets interesting is if price breaks through the top trend line. Also something to keep in mind is January tends to be a down month, so I am expecting a rally into middle of December then some profit taking.
I cringe whenever someone talks about profit taking in regards to exchanging bitcoin for fiat. Bitcoin is not a stock. I don't know how people sleep at night with their money in fiat. Bingo. Whenever the price of fiat rises to a peak, I take my profit by buying more Bitcoin.
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Torque
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November 19, 2017, 09:20:30 PM Last edit: November 19, 2017, 10:00:40 PM by Torque |
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Anyone who sat in fiat all this year, watching bitcoin's price rise from the sidelines, got destroyed. Those are gains against inflation that they will never get back.
In fact every year that they sit in fiat and Bitcoin's price ends the year higher than it started (doesn't matter if it is by $1), they are still losing bigly, getting poorer by the year. People need to wake up, they are just not getting it. There is no such thing as too late, bitcoin is not like a traditional investment, it is deflationary money.
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jojo69
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diamond-handed zealot
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November 19, 2017, 09:21:00 PM Last edit: November 19, 2017, 09:35:06 PM by jojo69 |
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a little something for Bob
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bitserve
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Activity: 1834
Merit: 1477
Self made HODLER ✓
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November 19, 2017, 09:26:23 PM |
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* bitserve thinks toknormal didn't receive the memo with bitcoinPsycho's optimism chart
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sirazimuth
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Activity: 3514
Merit: 3613
born once atheist
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November 19, 2017, 09:28:37 PM |
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a little something for Bob huh! never seen that pokemon...is it a trainer or somthin?
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Icygreen
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November 19, 2017, 09:31:17 PM |
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I must have forgotten to save the link to the tracking of coinbase user accounts. I think it was Torque who posted it. Anyone kind enough to share it again.
Hey man! Yeah, they have a tally right on their home page, just scroll down a bit where it says "customers served". Currently at 12.8M accounts. It looks like they added ~400K accounts in just about the past week or two. I'm hoping they can average ~1M new accounts per month all through next year. Thanks, you had found and posted a historical chart as well. Was hoping to see this to get an idea of user adoption on a time scale. If you don't have it saved, I'll just scroll through your posts for the past month or so.
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HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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November 19, 2017, 09:36:56 PM |
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So far this year since July bitcoin price has stayed within the channels of this pitchfork drawn on a log scale chart:
The trend lines suggest a mid-term top around $9000 followed by a correction back to $7500. Price could also correct back the the mid-line at $6500. Where it gets interesting is if price breaks through the top trend line. Also something to keep in mind is January tends to be a down month, so I am expecting a rally into middle of December then some profit taking.
I cringe whenever someone talks about profit taking in regards to exchanging bitcoin for fiat. Bitcoin is not a stock. I don't know how people sleep at night with their money in fiat. I cashed out my original investment out when it had gone 10x, leaving me with 90% of my portfolio. I have also diversified into other leading currency cryptos (none of that ICO garbage). So my current portfolio is now 85% bitcoin, 13% bitcoin competitors (including some longshots) and 2% USD on exchanges. I also split my holdings across multiple exchanges to reduce counterparty risk for stuff that is not on hard wallet. I sleep a hell of a lot better at night knowing that I am defensively hedged. Yes - it could cost me millions in the long run but insurance is expensive. You hope you never have to use it but, but it is there just in case.
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HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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November 19, 2017, 09:38:01 PM |
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I must have forgotten to save the link to the tracking of coinbase user accounts. I think it was Torque who posted it. Anyone kind enough to share it again.
Hey man! Yeah, they have a tally right on their home page, just scroll down a bit where it says "customers served". Currently at 12.8M accounts. It looks like they added ~400K accounts in just about the past week or two. I'm hoping they can average ~1M new accounts per month all through next year. Thanks, you had found and posted a historical chart as well. Was hoping to see this to get an idea of user adoption on a time scale. If you don't have it saved, I'll just scroll through your posts for the past month or so. I would love to see a chart of downloads vs price.
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Torque
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Activity: 3724
Merit: 5286
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November 19, 2017, 09:57:46 PM |
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I must have forgotten to save the link to the tracking of coinbase user accounts. I think it was Torque who posted it. Anyone kind enough to share it again.
Hey man! Yeah, they have a tally right on their home page, just scroll down a bit where it says "customers served". Currently at 12.8M accounts. It looks like they added ~400K accounts in just about the past week or two. I'm hoping they can average ~1M new accounts per month all through next year. Thanks, you had found and posted a historical chart as well. Was hoping to see this to get an idea of user adoption on a time scale. If you don't have it saved, I'll just scroll through your posts for the past month or so. Here's the only one I've seen. I'm not sure where you can find a live updated version.
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vortex1878
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November 19, 2017, 10:04:05 PM |
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Beware of Bitfinex!
I had withdrawn everything from them weeks ago. The writings on the wall... But still hat to use them to buy Iota (what I recommend to everybody though).
My last Iota withdrawals are still pending, more than 5 hours from approval. Iota transactions are instant. I have opened a support ticket etc. No reply, of course.
I recommend everybody to withdraw everything from Bitfinex, if still possible!!
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OdalvHacked
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November 19, 2017, 10:05:56 PM |
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No and Yes. "We will receive SEPA transfers in EUR and will convert them to USD according to our bank exchange rates." Bitstamp trades pair BTC/USD. Not pair BTC/EUR.
You can swith to BTC/EUR. of course, that is simple math. But the trades are i USD. BTW, we have in Europe not only euro. Euro is miserable currency. as far as I know you can trade $ AND €. the € market is not really deep and it is hard to get larger orders through. it is separate from the $ marketplace Yes, you are right. You will send them the euros, and they will convert them to dollars. It is not trading in euro. dude. when you have no clue, why even bother to post? you can trade €/bitcoin on bitstamp. and you can trade $/bitcoin on bitstamp. this has nothing to do with the funding method. two separate market places. the $ marketplace has lots of liquidity, the € marketplace is not so liquid. I traded EUR/BTC (it looks like no liquid enough), but my trades thousands of euro tens of bitcoin was executed imediatly.
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bones261
Legendary
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Activity: 1806
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November 19, 2017, 10:07:26 PM |
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Beware of Bitfinex!
I had withdrawn everything from them weeks ago. The writings on the wall... But still hat to use them to buy Iota (what I recommend to everybody though).
My last Iota withdrawals are still pending, more than 5 hours from approval. Iota transactions are instant. I have opened a support ticket etc. No reply, of course.
I recommend everybody to withdraw everything from Bitfinex, if still possible!!
I can't withdraw everything from Bitfinex because all I have with them is dust since August 2016.
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Wekkel
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yes
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November 19, 2017, 10:07:38 PM |
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Because you have some trouble with an IOTA withdrawal, you urge the rest of the world to leave Bitfinex?
Apparently, IOTA is still a bit too BETA for your nerves (or cryptocurrencies in general). Get a grip.
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ivomm
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Activity: 1888
Merit: 3081
All good things to those who wait
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November 19, 2017, 10:09:51 PM |
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Beware of Bitfinex!
I had withdrawn everything from them weeks ago. The writings on the wall... But still hat to use them to buy Iota (what I recommend to everybody though).
My last Iota withdrawals are still pending, more than 5 hours from approval. Iota transactions are instant. I have opened a support ticket etc. No reply, of course.
I recommend everybody to withdraw everything from Bitfinex, if still possible!!
https://twitter.com/bitfinex/status/932287734152081408
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Torque
Legendary
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Activity: 3724
Merit: 5286
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November 19, 2017, 10:13:10 PM |
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Beware of Bitfinex!
I had withdrawn everything from them weeks ago. The writings on the wall... But still hat to use them to buy Iota (what I recommend to everybody though).
My last Iota withdrawals are still pending, more than 5 hours from approval. Iota transactions are instant. I have opened a support ticket etc. No reply, of course.
I recommend everybody to withdraw everything from Bitfinex, if still possible!!
https://twitter.com/bitfinex/status/932287734152081408I like the one guys reply. "Always ask for evidence" - Sure. Please provide evidence that you are solvent.Lol
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