BITCOIN as an alternative to regular currency

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Kai
Posts: 6092
Joined: Tue Jan 20, 2015 12:21 pm

Tricky period for full-time HODLers.

Image
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Realrocknrolla
Posts: 1903
Joined: Fri Jun 05, 2020 7:15 pm

Had a ride down this last few weeks and made enough to treat the Mrs.

Can only see it going back up.

https://aggr.trade/
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Kai
Posts: 6092
Joined: Tue Jan 20, 2015 12:21 pm

When in doubt, zoom out :D
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firlandsfarm
Posts: 2688
Joined: Sat May 03, 2014 8:20 am

wearthefoxhat wrote:
Tue Jun 22, 2021 9:49 am
More information about Bitcoin and its' creation is known in advance. (halving). In an actual Ponzi, the creator runs out of new investors/new money and then tries to run away when everyone wants to cash out. There have been Ponzi's associated with Bitcoin, ie: Operators of Bitconnect, but it wasn't actually Bitcoin that was the Ponzi.

Here's a quick 5 minute YT.

https://99bitcoins.com/bitcoin-mining/halving/


MaxBitcoin.png
Hi there WTFH, I understand Ponzi's and Bitcoin (which fits your description of the death of a Ponzi perfectly). When the hype and fashion wears off and the number of sellers and new coins coming into the market (existing investors) wanting to realise their investment is greater than the number of buyers (new investors) the price will collapse just like a Ponzi.
greenmark
Posts: 4948
Joined: Mon Jan 29, 2018 2:15 pm

Bitcoin tumbles below $30,000 on China crypto-crackdown
https://www.bbc.co.uk/news/business-57549543
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jamesedwards
Posts: 2234
Joined: Wed Nov 21, 2018 6:16 pm

$33k this morning. $28k by lunchtime. $33k now.

Mad!
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Realrocknrolla
Posts: 1903
Joined: Fri Jun 05, 2020 7:15 pm

jamesedwards wrote:
Tue Jun 22, 2021 6:22 pm
$33k this morning. $28k by lunchtime. $33k now.

Mad!
Yep… just click the link i posted above and see what volume is being used. Knocks the socks off of BF 😂😂😂
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MobiusGrey
Posts: 289
Joined: Fri Nov 23, 2018 8:10 pm

When the 'big boys' pull out and realise their gains a LOT of people are going to get caught with their pants down. It's the ones who can't afford to lose that have invested heavily in crypto thinking that they're trading who I feel sorry for the most.

Crypto for show, trading options for dough
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firlandsfarm
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Joined: Sat May 03, 2014 8:20 am

+1
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alexmr2
Posts: 766
Joined: Wed Sep 26, 2018 12:32 am

Looks like the UK is starting to crack down on crypto. Binance is one of the biggest ones so I'm surprised they are going after them and not sure what it means for us UK users

https://www.ft.com/content/8bc0e5e0-270 ... ccaffaee87
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wearthefoxhat
Posts: 3205
Joined: Sun Feb 18, 2018 9:55 am

alexmr2 wrote:
Sun Jun 27, 2021 6:32 pm
Looks like the UK is starting to crack down on crypto. Binance is one of the biggest ones so I'm surprised they are going after them and not sure what it means for us UK users

https://www.ft.com/content/8bc0e5e0-270 ... ccaffaee87
Slippery slope for UK users.

However, usually Bitcoin jumps on bad news....

BCoin.png
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Euler
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Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Near highs again.
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Euler
Posts: 24701
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble

https://nymag.com/intelligencer/2021/10 ... ubble.html
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Realrocknrolla
Posts: 1903
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Euler wrote:
Mon Oct 18, 2021 4:46 pm
Near highs again.
Just logged on to check my positions and always check in on BTC.

Madness as usual.
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alexmr2
Posts: 766
Joined: Wed Sep 26, 2018 12:32 am

Usually alt coins follow Bitcoin (I assume people hedge on them at the high) but most of them seem to be remaining weak on this run except ETH.

I've been more interested in privacy coins recently as they can't be tracked (big advantage for lots of people). I'm trying Monero, Dero and Pirate Chain in the hope that more people switch to them over the next few years
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