Garrygold (OP)
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Crypto
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May 14, 2019, 03:36:02 PM |
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Bitcoin at $8000 is just the start before the explosive growth. The bitcoin dominance index exceeded 56%. This indicator indicates a high confidence in bitcoin and reflects the dynamics of displacement from the crypto market of unpopular digital currencies and indicates the consolidation of bitcoin as a popular asset.
USCO claims that bitcoin can be the best replacement for gold. The mathematics behind his prediction is quite simple: you need to divide the total market capitalization of gold into bitcoins in circulation to get an estimate of $400,000.
"Bitcoin is taking off: sharks from wall Street are already on Board. The dynamics of bitcoin since the beginning of may resembles a parabola, noting an increasingly sharp growth day by day. The increase in prices has attracted the attention of the public.
Fear of missed opportunities (many remember how sharply the rate grew in 2017), activates retail buyers who previously lost interest in the market. But against this background, the capital that was at the origin of the rally (from $3,500 per coin), can gradually leave the market," - said analyst Alexander Kuptsikevich
When do You think bitcoin will start to fall , so that the sharks of the market are stingy and weak market players are eliminated ?
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davis196
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May 14, 2019, 05:00:37 PM |
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Bitcoin price might start to fall tomorrow or after 2 months,Who knows?I guess that there will be a price correction for sure,because such a fast price growth can't be sustainable.I expect the price correction to happen during the summer months.All the previous price corrections of btc happened during the summer.
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Ailmand
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May 14, 2019, 06:39:38 PM |
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I see the increase in Bitcoin price as a positive thing because we have waited for it for such a long time. It's good to see that the market is finally recovering after its downfall. As for me, there's nothing wrong in speculating that the market could possibly start falling but I just want to focus on the possible changes that could make everyone gain a good profit before such thing happens.
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CryptoBry
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May 15, 2019, 06:20:32 AM |
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"Bitcoin is taking off: sharks from wall Street are already on Board. The dynamics of bitcoin since the beginning of may resembles a parabola, noting an increasingly sharp growth day by day. The increase in prices has attracted the attention of the public.
Fear of missed opportunities (many remember how sharply the rate grew in 2017), activates retail buyers who previously lost interest in the market.
When do You think bitcoin will start to fall , so that the sharks of the market are stingy and weak market players are eliminated ?
There can be a correction coming so which can be a good opportunity to insert yourself into the Bitcoin bandwagon. Right now, I think speculators afraid of the FOMO are getting in which can fuel more growth further into the $10,000 level. From there, anything can happen either more pump or a little dump (if many can be cashing out). I can see that in some aspects we are following the same trends in 2017 so I am hoping that there will never be a big crash after the smoke is done.
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Mila52
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May 15, 2019, 12:16:18 PM |
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I think that a sharp rise in the price of bitcoin aims to oust a large number of illiquid and weak altcoins from the crypto market. Now on such a sharply green market the large investment companies easily attracted billions of dollars of assets under management. Of course, the bitter experience of 2018 year says that we should be cautious because after the pump the btc price will can be a sharp dump.
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vit05
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May 15, 2019, 04:18:27 PM |
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The market is way more mature than it was before. We almost have a total ecosystem that could make Bitcoin a major investment. But we still do not know what kind of investment or use it will have in the global market. It could act like a commodity, it could be store of value, it could be used to import and export. What I known, is that will never be used for buy coffee or smat contracts. This will happen only on second layers. So there is the opportunity for altcoins. Respect Bitcoin as their king but try to compete with the options that will be offer on second layers.
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neonshium
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May 16, 2019, 12:03:47 PM |
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There's going to be a Bull, that I strongly believe. And for those saying that this will be for a short while and the price will plummet, I'm sorry for you, cause this doesn't work like that. None of you are sure about you're saying, so it's not going to happen, in fact we all are not sure of where it is heading to. But if the price is going to fall, it as going to do so when everyone least expects it. You can look at what happened in 2017 and use that as an example. A lot of people never expected the fall. At the start of it they thought it will fall back, but it continued, and at the time they all started to believe that there is no longer going to be a fall, that was when it started to crash.
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Adriano2010
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May 16, 2019, 03:53:42 PM |
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It grow a lot but i don't think is a bull run like was on 2017, i still think we are far away from that kind of bull run, but who buy bitcoin on low can now get a good profit if they want.
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CryptoBry
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May 18, 2019, 04:26:13 PM |
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There is now an overall consensus among many analysts and industry leaders that bitcoin will continue on its bull run into the $10,000 level and from there it can be easy to go ahead and break the $20,000 barrier established in 2017. Of course, analysts can go wrong and let's just hope that what they are saying positively on bitcoin can rub the bull so it will be energized for its run. The correction right now is just normal and this is a great opportunity for many to come in and be a part of the bitcoin bandwagon 2019. Soon a great wave of FOMO can hit bitcoin and that is when the bull run will surge.
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BrewMaster
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There is trouble abrewing
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May 18, 2019, 04:36:56 PM |
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The bitcoin dominance index exceeded 56%. This indicator indicates a high confidence in bitcoin and reflects the dynamics of displacement from the crypto market of unpopular digital currencies and indicates the consolidation of bitcoin as a popular asset.
i disagree. that factor is not dominance and the only thing that it is showing is the fact that bitcoin with its ~17 million supply is shaping up 50-60% of the total market cap which consists of about 2500 altcoins with a total supply in quadrillion space. as more coins continue to be created bitcoin's percentage which people call dominance decreases. the thing that clearly indicates "a high confidence in bitcoin" is the fact that every time bitcoin is rising or falling, every investor dumps altcoins without hesitation. otherwise bitcoin dominance might reach 1% and people still do the same with altcoins and dump them because they don't care about "dominance" they only care about potential of bitcoin that is not measured by its market cap but by its utilities.
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There is a FOMO brewing...
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sheenshane
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May 18, 2019, 11:51:55 PM |
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Due to the Thether and Binance issues, the bitcoin price would be affected and would possibly go down within 2-4 months. IMO We can see that bitcoin's price is currently recovering from frequent downfalls. However, this is not the perfect time to be enthusiastic. I also agree that the correction might happen in the summer season just like what happened last week. However again, we won't know because there is also a chance where summer might be the moon we are actually waiting for.
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carter34
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May 20, 2019, 11:52:47 AM |
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Bitcoin price might start to fall tomorrow or after 2 months,Who knows?I guess that there will be a price correction for sure,because such a fast price growth can't be sustainable.I expect the price correction to happen during the summer months.All the previous price corrections of btc happened during the summer.
Price correction you mean? Should we expect another after we got some drop last few days? This can be serious, I was thinking we are good to bull again. Anyway, that is my expectation for the time being.
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Siren
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May 20, 2019, 12:32:58 PM |
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Bitcoin price might start to fall tomorrow or after 2 months,Who knows?I guess that there will be a price correction for sure,because such a fast price growth can't be sustainable.I expect the price correction to happen during the summer months.All the previous price corrections of btc happened during the summer.
Perhaps Op has a Mirror ball?so he knew when the price of bitcoin falls and when it grows lol 😂 But kidding aside,all we can do is to speculate though the reality no one knows what will happen tomorrow in regards to our investments here What we need is to trust bitcoin as this great coin has been proved the capacity to grow and provide profit to all of us,as what i wanted is to hold still until I get my desired amount or at least closer to it
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Herbert2020
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May 20, 2019, 01:23:59 PM |
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that "dominance index" doesn't matter one bit. what matters is the money flow that has always been in direction of bitcoin. for example these days are the best case of how people dump their altcoins every time bitcoin is becoming more active than usual like having these rises. "Bitcoin is taking off: sharks from wall Street are already on Board. The dynamics of bitcoin since the beginning of may resembles a parabola, noting an increasingly sharp growth day by day. The increase in prices has attracted the attention of the public.
i don't think so. because i don't see any signs of it. just because price is starting to rise again it doesn't mean the "public" has magically and over night focused their attention to bitcoin. the adoption is growing for sure but it still is far away from being that big to attract the public and the "sharks of wall street"!
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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2chase
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May 20, 2019, 08:43:26 PM |
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If I were in the place of those investors who missed their opportunity to buy Bitcoin earlier when it cost 3,500 or 4,000, now I would not be in a hurry to invest my money and buy it at 8,000, because most likely a significant correction is possible in the coming summer months during which it will be possible to buy Bitcoin.
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omonuyak
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May 20, 2019, 09:37:57 PM |
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This type of thread makes me to keep holdl bitcoin and encourage others to buy because the current pricing look too cheap to me compared were bitcoin is going to be in future. If bitcoin is "going to replace gold" then no matter the years it will take, it worth holding.
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Garrygold (OP)
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Crypto
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June 26, 2019, 03:46:32 PM |
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I wrote a post just 1.5 months ago, and how do You like today's growth of bitcoin? What influenced the growth of bitcoin? Let's talk about this. Bitcoin is already worth $ 12 700 And will continue to grow!!! But I think before the rise to 20 000 $ will fall again , and then to the moon
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