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Old 12-09-2017, 02:26 AM   #61
Parkview_Pirate
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A flurry of bitcoin posts today at ZeroHedge:

volatility:
http://www.zerohedge.com/news/2017-1...olatile-dollar

whales:
http://www.zerohedge.com/news/2017-1...ly-half-market

Craigslist:
http://www.zerohedge.com/news/2017-1...method-payment

(lack of) rules:
http://www.zerohedge.com/news/2017-1...predictability

crash next year:
http://www.zerohedge.com/news/2017-1...-predictions-2

Hmmm.
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Old 12-09-2017, 06:27 PM   #62
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Bitcoin is starting to function like a real currency after a small concentration of people acquire the majority of it:

https://www.theonion.com/bitcoin-on-...ncy-1821128169

https://www.theonion.com/bitcoin-plu...raz-1821134169
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Old 12-09-2017, 10:00 PM   #63
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I get all my news from the Onion.
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Old 12-09-2017, 10:05 PM   #64
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Originally Posted by AltonKelsey View Post
I get all my news from the Onion.
It's better than fake news.
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Old 12-10-2017, 08:07 AM   #65
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On December 11th futures traders can start betting against Bit Coin.
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Old 12-12-2017, 03:19 PM   #66
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Litecoin has been exploding as of late as well. Sucks for those who hate making money.
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Old 12-12-2017, 06:50 PM   #67
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How long into 2018 will it be before the Winklevoss boys get arrested for wire fraud? Just asking.

On Monday morning, I saw Maria Bartiromo ask the two twins very straight, simple and well-thought out questions pertaining to Bitcoin, yet the boys 'failed' in their answers, imo.

Later in the afternoon, these two were on another Fox Business show and still had trouble answering basic and relatively easy questions from the hostess.

I had enough of these guys so I missed their appearance on Stuart Varney's show today. I hoped they prepared for Varney but being Harvard grads I am sure they didn't need to.

I did find it odd that most people who follow the markets never really heard of these guys, yet they were on three Fox shows in two days!

When this crypto-currency scam eventually ends --hopefully sooner rather than later-- people should wise up -- but probably won't knowing human nature and all.
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Old 12-12-2017, 09:32 PM   #68
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They are a suspicious looking pair at the very least.

Didn't catch the appearances but they were early and large in their bitcon investment.

I still don't get why they are paying big money for something a moron can duplicate. Just because a large collection of morons decide to juggle the same thing, that makes it infinitely valuable?

Ok, so it's not morons, its guys with computers running a public domain program. Big diff there right?

imo it's insane, but not as insane as not befitting from the madness of crowds. thus the paradox

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Old 12-22-2017, 04:07 PM   #69
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I hear the bitcoin is crashing right now, true?
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Old 12-22-2017, 11:37 PM   #70
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Yep. Took about 3 days to reach bear market territory. Charts that go straight up always end in tears for the masses. There are no "temporary pullbacks'.
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Old 12-23-2017, 08:58 AM   #71
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Yep. Took about 3 days to reach bear market territory. Charts that go straight up always end in tears for the masses. There are no "temporary pullbacks'.
"Martha, I read in People magazine all about this new fangled Bitcoins, it's going through the roof, we should cash in our IRA's and make some money..."
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Old 12-23-2017, 02:18 PM   #72
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For the last month or so, well-meaning friends have been bombarding me with calls and text messages...telling me to stop wasting my time with this "gambling nonsense", and to get into cryptocurrencies...where "every horse wins". When this sort of "euphoria" becomes widespread about a particular type of investment...can a steep correction be far behind?

But I think people are now giving up on Bitcoin a bit too soon. Rough waters are to be anticipated when an investment-vehicle seeks to circumvent the vice-like grip of the banks that govern our world...because such a venture is sure to create some very powerful enemies.

After considerable study, I have become a believer of the cryptocurrency philosophy, and I consider this steep decline to be just a "shakeout manouver"...which seeks to scare the meek out of any long-term position in Bitcoin. In our world...the big profits aren't for the "feint-of-heart".

I see Bitcoin sinking to about $10,000...at which point I will jump onto the bandwagon in a big way myself...for the LONG term. The bible got it wrong...it's the BOLD who inherit the earth.
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Old 12-25-2017, 02:52 PM   #73
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Yep. Took about 3 days to reach bear market territory. Charts that go straight up always end in tears for the masses. There are no "temporary pullbacks'.
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Old 12-28-2017, 01:55 PM   #74
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I've always liked Carter Worth's technical analysis, but I'm going to have to go against him here. First off, there's another bloodbath today, so there's further damage to the chart than there was last Friday, when he made the video.

Just feels too much like 1999-2000 all over again. When one repeatedly hears "it's different this time", chances are highly likely it isn't. Too much of the public is aware now, and we all know those last to get involved always end up getting slaughtered.
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Old 12-28-2017, 01:58 PM   #75
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For the last month or so, well-meaning friends have been bombarding me with calls and text messages...telling me to stop wasting my time with this "gambling nonsense", and to get into cryptocurrencies...where "every horse wins". When this sort of "euphoria" becomes widespread about a particular type of investment...can a steep correction be far behind?

But I think people are now giving up on Bitcoin a bit too soon. Rough waters are to be anticipated when an investment-vehicle seeks to circumvent the vice-like grip of the banks that govern our world...because such a venture is sure to create some very powerful enemies.

After considerable study, I have become a believer of the cryptocurrency philosophy, and I consider this steep decline to be just a "shakeout manouver"...which seeks to scare the meek out of any long-term position in Bitcoin. In our world...the big profits aren't for the "feint-of-heart".

I see Bitcoin sinking to about $10,000...at which point I will jump onto the bandwagon in a big way myself...for the LONG term. The bible got it wrong...it's the BOLD who inherit the earth.
There is virtually no support until around the $5000 level. Remember, it wasn't long ago at all when Bitcoin was at the $5000 level. It if falls down there, bottoms and consolidates for awhile, I'd consider buying in. But not a moment before that.
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