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Steve

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Bitcoin
Jun 20, 09:06 PM 2019
Place your bets. I reckon its about to surge, especially if it hits $10k

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Steve

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Re: Bitcoin
Jun 20, 09:12 PM 2019
ps, Bitcoin being used for speculative investment is a joke. The principle of Bitcoin is great, but the underlying technology is crude. My prediction is unless it increases speed of transaction, it will be eventually be overtaken by another coin.

While Bitcoin is being used for real payments, it is mostly being used by manipulatively traders.

Not to say bulls and bears don't manipulate other markets, and the SEC does jack shit because it doesnt affect their power. But it is far worse with Bitcoin.

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RouletteGhost

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Re: Bitcoin
Jun 20, 10:02 PM 2019
It’s all BS

But I am on coin base

I’m thinking about converting my litecoin to XRP. If i do that and XRP surges I’ll have a good day
the key to winning with systems : play for a statistically irrelevant number of spins

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Bigbroben

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Re: Bitcoin
Jun 20, 10:13 PM 2019

While Bitcoin is being used for real payments, it is mostly being used by manipulatively traders.

I thought cryptos could not be manipulated (at least on the downside) since there are no futures related to them and that supplies are limited?!?  You can't really dump billions worth of cryptos in a few minutes unless you own them from the start. Unlike fiat-based financial products.
People's mind can be manipulated with fear or greed, though.  Nevertheless, BTC'S last few weeks run probably was caused by a flight to safety by major investors, may they be institutional, private or, who knows, governmental...

Anyway, as a goldbug, I go along this pitch sale: If you don't touch it you don't own it.  Watch gold's epic run since late May, watch it as I write this, breaking multi-year peaks as if it was butter.  Watch it go higher than it did in 2011.
Gold's return to its fundamental value was offset by a few years amid the sudden interest in cryptos and the expected cash inflow into them.  Now gold is at it again, along with cryptos.  Don't blame fear: it has nothing to do with false-flag tanker explosion or rumors of trade wars.  It's just an expanding mistrust in markets, with money flowing out towards these safe havens.

I believe gold will win in the long run, being there for a few thousand years, but it's a wealth preservation tool.  Cryptos are trading tools.  I might consider getting some only if the ''critical mass'' of possible usages gets reached, and it would be for buying/selling purposes.  No speculation, no investment.  And it would be the major ones, not this pseudo-currency Libra Facebook is trying to launch....

Look at this: stated writing this message, gold was below 1400US$, now it's at 1410$, rising by the minute...  something big is going on in the world, major changes... watch China.

I might short the market for the next few weeks: put options are easy to buy...
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Bref: I buy land and gold, I'll let the others play with their electronic money.




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Steve

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Re: Bitcoin
Jun 20, 10:48 PM 2019
RG, why would litecoin be a good investment? It's just another useless coin.

XRP may be superior, but it is in bed with the banks and governments, which goes against what cryptos stand for. It is shunned by the crypto community. I suspect the same will happen with Facebook's new "Libra" coin. It doesn't mean Libra wont be successful though, but it goes completely against what Bitcoin aimed to achieve. Facebook calling it a cryptocurrency, and "freedom coin" is bullshit. It's just a money grab. They see the opportunity to make billions, or more.

There is a flood of shitcoins. Like when Bitcoin forked, the creators made money from nothing, because people jumped on the bandwagon.

If you are going to invest, consider what makes a coin valuable. Does it have real case uses? Is it competitive? Is someone going to copy the source code and make an even better version? What is going to drive prices up? (adoption and demand) Why would it achieve mass adoption if the price is so volatile?

I believe gold will win in the long run, being there for a few thousand years, but it's a wealth preservation tool.

Gold has useful physical properties. But I've always been dubious of gold as an investment. It is just a metal. Mostly what gives it value is perception. And if that perception isnt there, it's mostly worthless to average people.

I believe the best investment is and always be LAND.

It doesnt mean it will give the highest returns. The population is increasing. There is guaranteed scarcity.

Fiat currencies in my view are the biggest bubble of all. They are just paper and numbers. The only thing giving it value is perception and acceptance. And when that changes, it's worthless. Consider Venezuela. It isnt the first and wont be the last time a government currency becomes worthless.

Gold may hold its value well, at least historically. But still I think its value is over-inflated. You cant eat gold. But you can produce food from land, so it will always be a more valuable resource.

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ignatus

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Re: Bitcoin
Jun 20, 11:34 PM 2019
Place your bets. I reckon its about to surge, especially if it hits $10k

I got my bitcoin demo account couple of months ago, i didn´t believe in the market, i saw a negative trend (then),...but now? in 3 months the value has doubled. I believe in the *long run* it will increase value,...and my plans now is put all my money at https://primexbt.com (buy option, bitcoins) ...wish me luck!  O0
If you like to donate http://paypal.me/ignatus1

"Focus on predicting wheel sectors where the ball is expected to land" ~Steve

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Bigbroben

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Re: Bitcoin
Jun 21, 12:06 AM 2019
My call:
this swing is overextended.  I expect it to stop at 10k, maybe 12k.  I'd wait and enter after a pull back to 6500-7000, which it might reach if it slides down below 8000.  If it went beyond 12000 after this pullback, I'd expect it to go to 15-20k, then logarithmic rises to 50k and 100k overtime.  In any case, pullback or not, if it reaches a new high past 19500, it's good to go higher.

But gold and land are safer. !
Life is hard, and then you die.
Mes pensées sont le dernier retranchement de ma liberté.

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Steve

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Re: Bitcoin
Jun 21, 12:13 AM 2019
Holy shit Ignatus, dont buy cryptocurrencies on margin. It's like the martingale from hell. You could win big, or go broke.

And when you buy on margin, the platform can screw you over and lock you in a trade. So when you go to sell, it wont let you until certain conditions are met. Then you have to just watch your balance, plus more, die.

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Bigbroben

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Re: Bitcoin
Jun 21, 12:20 AM 2019
I think he meant buying options, not buying on margin.  Options are a good way of speculating big time, but you ought to be ready to lose all your chips if being wrong.  If I'd have the choice of speculating BTC by buying BTCs or options, it would be options.  It's fully assuming the speculation aspect, not investing.
Life is hard, and then you die.
Mes pensées sont le dernier retranchement de ma liberté.

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ignatus

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Re: Bitcoin
Jun 21, 12:23 AM 2019
Holy shit Ignatus, dont buy cryptocurrencies on margin. It's like the martingale from hell. You could win big, or go broke.

And when you buy on margin, the platform can screw you over and lock you in a trade. So when you go to sell, it wont let you until certain conditions are met. Then you have to just watch your balance, plus more, die.

ok what you suggest then if one want to invest in Bitcoins? I plan to keep it for long term etc, ..
If you like to donate http://paypal.me/ignatus1

"Focus on predicting wheel sectors where the ball is expected to land" ~Steve

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Steve

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Re: Bitcoin
Jun 21, 01:04 AM 2019
I wouldn't personally invest in bitcoin. I think it's only as big as it is because it's the first cryptocurrency, and is usually purchased as a gateway to purchase other coins. So i expect at some point, people will wake up to it being a bubble. It has too many problems that need to be fixed before it have long term value, in my opinion. For now bitcoin may be a good investment, but that could change suddenly.

Remember I'm not an investment adviser. I have my own trading bot. I hold some coins for long term (based on fundamentals such as the underlying technology and its viability), and trade others short-term. If you are holding long-term, get to know the technology, its uses and where it is probably headed. Make sure the company is actively developing. There are tonnes of shitcoins that will eventually be worthless. So if you are holding long-term, I suggest buy coins that are undervalued. Not just one, but a few of the leading companies that many people dont even know about.

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FreeRoulette

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Re: Bitcoin
Jun 21, 01:08 AM 2019
Place your bets. I reckon its about to surge, especially if it hits $10k

I bought xrp, etherium and doggy coin just to say I have a million.  I think etherium has a good chance of winning in the end. Watching closely what the banks will use mostly for transactions, especially if they link it to credit cards. Probably the big hold up is that they want to track and tax the transactions.
Get free crypto coins  https://tinyurl.com/tvh7f65

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Steve

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Re: Bitcoin
Jun 21, 01:36 AM 2019
doggy coin just to say I have a million

I did that with cardano, tron and bittorrent. It's like a highscore thing. Cardano is a good but but despite the developer activity, they are much slower than they should be. I think Tron is crap, but I bought it because Justin Sun is an aggressive marketer, and that will affect the price.

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Steve

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Re: Bitcoin
Jun 21, 01:37 AM 2019
Ethereum might be good, if they can solve the scalability issues. It is already well-adopted.

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ati

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Re: Bitcoin
Jun 21, 01:57 AM 2019
There are tonnes of shitcoins that will eventually be worthless.
Oh I know that too well. I have about 20 different altcoins, put years of savings into them and my loss is well over 90%. I haven't sold anything, but I have written off everything. I don't care about them anymore.
The funny things is, if I only bought bitcoin, I would probably in profit by now.


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