BITCOIN as an alternative to regular currency

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Orixian
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Euler wrote:
Wed Jan 17, 2018 4:09 pm
Guarantee you people are anchored to their purchase price of crypo's so when that is breached new selling will set it.
Sound logic but at what price is that? People have been buying at different prices all the way up. Its more likely to be a psychologically key number like the $10,000 mark I think. If BTC crashes through that over the next few days and stays low then that will be curtains for a while. Also some of us that have been in the game for years have seen bitcoin retrace by 80-90%, dust its self off and carry on. We are also massively net because we sold along the way so we will create a floor. I haven't sold a thing, the last two times I did I passed up on enough money to retire so Id rather risk what I have left in the market than do that again. (I also highly rate the coins I hold)
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Euler
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I think that's a very sound approach to a speculative position.

Some of my best long term investment gains have been from going in heavy when I knew there was value and then reducing the position when it matured but letting a fair bit run. Had some massive returns that way.
dragontrades
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For me when the bubble truly bursts it will be the altcoin bubble and to sell altcoins you have to go back into btc and eth so if there is a 90% crash it will not be on btc.
If btc gets over bought again like it seems to do in every cycle then I can see somewhere between 30-40k in march/april before another correction to the 20k levels.
This is one of the most emotional markets i have ever seen because people are putting in more than they can afford to lose and so there is so much panic so frequently, combined with huge FOMO and hype when the price is running up.
Surely perfect trading conditions
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Euler
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This was a nice balanced read: -

The only blockchain project that has crossed over into mainstream recognition so far is Bitcoin, which is in the middle of a speculative bubble that makes the 1990s internet I.P.O. frenzy look like a neighborhood garage sale. And herein lies the cognitive dissonance that confronts anyone trying to make sense of the blockchain: the potential power of this would-be revolution is being actively undercut by the crowd it is attracting, a veritable goon squad of charlatans, false prophets and mercenaries. Not for the first time, technologists pursuing a vision of an open and decentralized network have found themselves surrounded by a wave of opportunists looking to make an overnight fortune. The question is whether, after the bubble has burst, the very real promise of the blockchain can endure.

https://www.nytimes.com/2018/01/16/maga ... ubble.html
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marksmeets302
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Bitcoin's price swings are so huge that even ransomware developers are dialling back their reliance on the currency, according to researchers at cybersecurity firm Proofpoint.

https://www.theguardian.com/technology/ ... developers
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megarain
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Wasnt sure where to put this .. but does show, BTC can be traced.

https://www.elie.net/talk/tracking-desk ... end-to-end
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Euler
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RicHep365
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Not really sure what to say about that
informer01
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Продажи бананов резко повысились. Пришло много покупателей. :lol:
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Euler
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Blockchain & Crypto-Killing Venture Capital

https://www.youtube.com/watch?v=Mir0mikQzt0
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napshnap
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(edited)
Last edited by napshnap on Sat Jan 27, 2018 10:20 am, edited 1 time in total.
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napshnap
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Euler wrote:
Thu Jan 25, 2018 12:53 pm
Blockchain & Crypto-Killing Venture Capital

https://www.youtube.com/watch?v=Mir0mikQzt0
)))) Youtube subtitles are killing me))) Is it an error, I don't think so :twisted: )))
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mobius
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CHECK YOUR PIGGYBANKS. Or under the bed, whereever...............

Coincheck: World's biggest ever digital currency 'theft'

34 minutes ago

http://www.bbc.co.uk/news/world-asia-42845505

One of Japan's largest digital currency exchanges says it has lost some $534m (£380m) worth of virtual money in a hacking attack on its network.

And it wasn't me!
RicHep365
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An ICO called https://www.prodeum.io/ has just disappeared and left the message ‘Penis’ on the site.
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ShaunWhite
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mobius wrote:
Sat Jan 27, 2018 3:44 pm
CHECK YOUR PIGGYBANKS. Or under the bed, whereever...............

Coincheck: World's biggest ever digital currency 'theft'

34 minutes ago

http://www.bbc.co.uk/news/world-asia-42845505

One of Japan's largest digital currency exchanges says it has lost some $534m (£380m) worth of virtual money in a hacking attack on its network.

And it wasn't me!
£380m worth today, £350m by tomorrow, £4.50 by the summer.

Seriously tho can't these 'coins' just be excluded from circulation somehow? I thought they were supposed to be traceable unlike proper money. Isn't that the whole point?

In a world like the one described on the 'Water' thread, whoever thought blockchain was a good idea needs their head testing. It's barely got going and already using over 30Twh of energy.
https://www.theguardian.com/technology/ ... ty-ireland
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