Well John MacAfee says so and hell eat his dick if hes wrong!
Last edited by Dave+63; 5th April 2019 at 07:23.
You are mistaking value with looking for a greater fool.
Someone who lies about the little things will lie about the big things too.
Someone who lies about the little things will lie about the big things too.
You haven't quite understood the concept that 'value' is decided by supply and demand. That's how any market works. 'Fairness' is utterly irrelevant to market value.
A doctor may have a greater intrinsic value than a footballer. Whether that plays out 'fairly' is of no relevance as far as the market is concerned.
Last edited by Tony; 6th April 2019 at 10:37.
Surely paper cash has no value then?
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Sold all my BTC today.
Someone who lies about the little things will lie about the big things too.
Someone who lies about the little things will lie about the big things too.
Im still holding on to mine as Im convinced of higher highs in the future but if I was looking to short Id think a rejection at the 50 day moving average ($5600ish) would be a good bet.
Going to revise what I said specifically on Bitcoin here as through the last month of digging various events and new information have come to light.
It looks like Bitcoin is here to stay and its specific use case is that it will become a replacement for traditional stores of value like Gold. It is going to be packaged as digital gold. Greyscale is already pushing this with a TV advert. Essentially too many FI's have been buying up Bitcoin in 2018 to let it fall by the wayside.
https://www.coinspeaker.com/drop-gol...v-ad-campaign/
I expect that in the next few years we will see them change the algorithm from POW to POS (considerably more energy efficient) or just freeze mining altogether and continue to run the network with the number mined of coins up to a certain point in time. Either way it will have to evolve from what it is now as it is too resource intensive.
What this means for those of you that are holding Bitcoin now, I think you will do well out of it in the future so hang on, you will need to be patient and wait a few years for the best gains. If you don't currently hold Bitcoin then I don't think right now is the time to buy. Much of this recent pump in price is from USDT being dumped into BTC and I see pain coming. Remember, there is no regulation or laws in the space so Market manipulation is happening all the time and I think this is just another one of those times. Just take a look at the link below and you will see what I mean.
https://www.youtube.com/watch?v=FAOX7Hcdrag
I am not saying don't buy Bitcoin at all, I'm just saying I'm sure the price is going to come crashing back down again soon so have your money ready to jump in at a prince you think it a bargain.
Once regulations happen the whole market is going to rocket up and little people like us will no longer be able to invest that the bargain prices we've see this last year. What a gift this bear market has been.
As for me, well I'm 95% in XRP, plus a few other projects I think will do well in years to come. I am expecting not to be cashing out until 2025 to 2030 as this is how long it is going to take for the market to properly mature and full adoption of DLT / blockchain tech to permeate the world, which it will. Just last month Christine Lagarde of the IMF told the world that Distributed Ledger Technology is going to be shaking the system and the only company with a fully functional, high speed, sub 3 second transaction system is Ripple. Technology has now waiting for laws to catch up.
Do your own research, be very patient, ignore the idiotic FUD flying around at the moment (espically on Twitter). This going nowhere until regulation and tax laws have been agreed between most of the big nations. The G20 is in July so I dont see this happening until later in the year or next, none of us will know for sure. We are also going to see the likes of Facebook / Google and other tech companies enter the banking sector, this is the really causing the traditional banks concern. Some very exciting times coming in the finance sector, unfortunately most people out there just dont see it and instead ridicule. Never mind, their loss.
https://news.bitcoin.com/japan-g20-c...cy-regulation/
Just to answer someone about Digital Assets and Gambling. It is only gambling if you dont bother to do your research and you blindly invest in projects without understand their use cases, current status, competitors and backing. So personally I think no, you cant argue that really without looking very silly.
I wish you TZ lads and ladies the best of luck!
Me thinks it's about time to go short bitcoin.
Someone who lies about the little things will lie about the big things too.
If I had to choose I would go short too.
The tricky part is when longs or shorts pile up in one direction then the market mysteriously seems to go in the opposite. Take mid April for example, when everyone was getting excited and jumping on their beds shouting "The bull run is here". BTC longs went up like a rocket and what happens next?... The market dumps on the 26th of April.
The problem that retails investors like us have is we are at the mercy of the whales that can move price in whatever direction they desire whenever. Until we have laws in place we ride the waves they make. Just bare than in mind. Most of the guys in the research group I'm in that place longs / shorts, it rarely seems to go their way.
If you are thinking of having a punt I would get myself on TradingView. Compare the ratio of BTC LONGS and BTC SHORTS to get an idea of what other traders are thinking.
I mostly HODL but when Im buying I always swing trade and just be patient. ¾ of the time I get what I want that way. Wish I had been doing this last year instead of reacting to FOMO, I would have accumulated so munch more. Wiser now.
If you do have a punt I really hope it goes your way. Im also planning of placing some swing orders soon in anticipation of a price drop. Thing is USDT does not look so great now
Good luck!
At least volatility is back. Storming through 6,500 USD like it was nothing, peaking at 7,500 for a quick setback to 6,750 and the settling at 7,000 - all in less than 48 hours. Not bad.
Someone who lies about the little things will lie about the big things too.
Well, we know that 95% of the reported volumes are fake, don't we?
https://www.forbes.com/sites/cbovair.../#9b23f8d67175
Someone who lies about the little things will lie about the big things too.
Interesting: This bet has been in the green for me every single day since we struck it, but has flipped into red today. Something's happening, much speculation about a connection to criminal indictments and pump-and-dump at Bitfinex.
Someone who lies about the little things will lie about the big things too.
Only
Joking. Although have enjoyed seeing the pot almost double this last month.
RIAC
Why heft a bitcoin wallet around everywhere with you when you could just put it on your watch face?
https://franckmullercrypto.com/
Florid press release available here if you enjoy reading that kind of thing.
Wow! Not even sure what to say about that.
Accessing your wallet with the dial is quite neat. I'll buy a carbon one if I ever make millions in bitcoin.
Bargain alert - only 38k$!
Someone who lies about the little things will lie about the big things too.
If you find that one a touch flashy and cheap, then you could always hang back to see how the offering from A. Favre & Fils turns out. Apparently to be pitched somewhere in the range CHF100,000 CHF150,000, or however many BTC that happens to equate to on the day of purchase.
Has anybody yet purchased anything using bitcoin?
Coinbase has release its new service/app, CoinbaseCard, for which Ive applied and Ive now received the physical card.
Bought a pack of cigarettes yesterday for £8 using 0.0012 BTC
I wonder, was it worthy?
Or is going to be the case of, the guy that bought 2 pizzas using BTC, and those 2 pizzas costed him a fortune?
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I have been contemplating buying bitcoin to buy more annual sub to VPN.
Never get around to buying BTC though