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Thread: RIP Bitcoin

  1. #6926
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    Quote Originally Posted by Farangrakthai View Post
    take profit or cut loss
    you cashed out then

  2. #6927
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    Quote Originally Posted by uncle junior View Post
    you cashed out then
    on january 5 (as i posted at the time).

    just do the occasional day trade on binance these days, trading these pairs:

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  3. #6928
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    interesting comparison from the guardian:

    https://www.theguardian.com/technolo...economists-say

    Barclays analysts compare speculation in digital currency to spread of infectious disease

    Using studies from the world of epidemiology – the branch of medicine concerned with the occurrence, distribution and control of epidemic diseases – the bank’s economists built a model for bitcoin prices that assumed more people were now “immune” to the lure of making money on the new financial asset.

    Arguing that the “susceptible” population for the bitcoin bug has now fallen, the economists said the peak reached just before Christmas was probably the ultimate price that could ever be achieved for the digital currency.

    “This occurs with infectious diseases when the immunity threshold is reached; ie, the point at which a sufficient portion of the population becomes immune such that there are no more secondary infections,” the economists said.

  4. #6929
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  5. #6930
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    apparently, the btc price spike was due to a short squeeze (not enough supply of btc to satisfy the high demand from short sellers settling their positions by buying back btc).

    some large short positions were settled causing the initial spike and then other short sellers quickly settled, too.

    https://cryptoslate.com/smart-money-...-bitcoin-pump/

    With BTC prices slumbering below $7,000 for weeks, one can see that a momentary spike up to $7,000 would liquidate thousands of short positions, offering the so-called “smart money” the proverbial candy from a baby — the baby being a vocal community of disgruntled retail traders.

    While the prospect of taking out a multi-billion-dollar position would be a diabolical risk to most, the players responsible would have undoubtedly asserted these positions with the cucumber-cool calculation of market makers.

    As positive sentiment consolidates, perspiring retail investors tensely inspect countless predictions of break-outs, bull-runs, bear-traps, and analyze the analyzed. While this particular price spike may indeed signal the end of Q1’s extended bear market, it is equally likely another manipulative sortie — at best the smart money’s last hurrah, moments before the inevitable Genesis flood of institutional capital.


    The number of investors shorting BTC has dramatically increased over the past few months. (Source: TradingView)

    you can see that big drop on the right side of the chart due to short sellers settling their positions.
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    No it is not possible. They can have French citizenship but that does not make them French. Never seen a black Frenchmen.

  6. #6931
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    Quote Originally Posted by Luigi View Post
    Child abuse images hidden in Bitcoin blockchain

    German researchers have discovered that criminals have embedded objectionable content including links to child abuse images within the Bitcoin blockchain.


    Researchers from RWTH Aachen University said that the issue lay with how the blockchain - the indelible distributed ledger that records all Bitcoin transactions - can also record other arbitrary data.
    In their paper presented at a conference in Curacao, the team wrote: "Although court rulings do not yet exist, legislative texts from countries such as Germany, the UK, or the US suggest that illegal content such as (child sexual exploitation images) can make the blockchain illegal to possess for all users."


    The discovery potentially means that possession of the blockchain - which is necessary to participate in Bitcoin - could be illegal in at least 112 countries.



    https://news.sky.com/story/child-abu...chain-11298022
    If the evildoers try hard enough they could probably store the same data on desktops, laptops, iphones, android and other devices; so yes of course we should consider banning these potential hazards. But despite the risks I think let's allow paper and pens which might be needed by future generations that eventually leave the cave.

  7. #6932
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    btc is doing well this week (up 20%):

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  8. #6933
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    I am still not convinced yet that it is not going to do another dump to 3k

    so I have not come back in yet

  9. #6934
    MARK SUCKER BORG
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    Quote Originally Posted by baldrick View Post
    so I have not come back in yet
    said the Bishop to the actress, can you explain the trickle down of blockchain , is it for drips like me who don't want to watch daily?

    Over a longer term say this year has it outperformed gold, or market tracker stock?

  10. #6935
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    Quote Originally Posted by david44 View Post
    can you explain the trickle down of blockchain
    90+ percent is a scam

    if you do not grasp what it is about stay out - or just risk a couple of k

    it will go wild , but if you are backing the wrong horse it will be turds

  11. #6936
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    Place, show or win, you can't loose if you don't bet.

  12. #6937
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    Quote Originally Posted by david44 View Post
    can you explain the trickle down of blockchain , is it for drips like me who don't want to watch daily
    More of a planned profit take by the financial trading companies, who pumped the price up and then dumped, making a tidy profit, up and down. The market for them was anticipated in November and opened co-incidentally, in December 2017. A slight battle for them in early December and then, they took control.

    Many newbies enticed into the new, post mid November bubble, some made good , others went down with the Titanic. Now we have a controlled market where blind faith has been replaced with manipulation.

    As you can see the tops (T1 to T8) and the bottoms are (B1 to B8) getting closer and closer. More like general financial trading movements.

    IMHO.

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    Last edited by OhOh; 16-04-2018 at 03:51 PM.
    A tray full of GOLD is not worth a moment in time.

  13. #6938
    disturbance in the Turnip baldrick's Avatar
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    will verge's penis moment happen this week ?

  14. #6939
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    Quote Originally Posted by OhOh View Post
    A tray full of GOLD is not worth a moment in time
    Nor is a barrel of bitcoins it appears.

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  • #6941
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    Quote Originally Posted by baldrick View Post
    will verge's penis moment happen this week ?
    They're looking for donations so they can make the biggest partnership in the Cryptospace.
    Like give us money, so we can do stuff, with people.

    Sounds legit.

  • #6942
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    Quote Originally Posted by OhOh View Post
    A tray full of GOLD is not worth a moment in time

    Quote Originally Posted by Norton View Post
    Nor is a barrel of bitcoins it appears.
    I'm so unlucky that if I fell into a barrel of bitcoins I'd come out sucking on one.

  • #6943
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    Seven hours til XVG super-duper announcement.

    "Without hesitation, we jumped on this opportunity with the understanding that it is destined to be one of the biggest adoptions of cryptocurrency in the entire industry"

    Price is flying.

  • #6944
    a cookin' an' a bookin'
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  • #6945
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    Quote Originally Posted by fishlocker View Post
    I'm so unlucky that if I fell into a barrel of bitcoins I'd come out sucking on one.
    Certainly not smelling of roses. But if you're lucky this might be playing (Winwood, Clapton, Grech and baker late 60's):

    Last edited by OhOh; 17-04-2018 at 03:47 PM.

  • #6946
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    Thread: RIP Bitcoin
    You still buying?


    The odd bit here and there. Nothing too much.

  • #6947
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    Quote Originally Posted by Plan B View Post
    Seven hours til XVG super-duper announcement.




    Price is flying.
    If past form is anything to go by, they will thank their frantic followers for supporting their dump of another few billion.

  • #6948
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    Anyway party's on me when STQ reaches $4.

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    https://www.wired.com/story/pornhub-...social_twitter

    The World's Biggest Porn Site Now Accepts Cryptocurrency

  • #6950
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    Looks like the XVG scam worked, again; announce a super duper announcement, get the suckers to buy buy buy as you sell sell sell, clean up.

    Without sensible regulation the crypto market is dead.

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