Very confused.
Was it questionable timing because I picked the exact bottom? You would prefer me to call the bottom at the top?
IT BEGINS !!
- Thread starter SilverSale
- Start date
Very confused.
Was it questionable timing because I picked the exact bottom? You would prefer me to call the bottom at the top?
Flash loans, anyone?
https://www.trustnodes.com/2020/02/...n-involving-fulcrum-compound-dydx-and-uniswap
https://www.trustnodes.com/2020/02/...n-involving-fulcrum-compound-dydx-and-uniswap
If this dip is a fake-out I expect further explosive gains but I'm still wanting to see BTC above 13k.. Otherwise this little bull ran out of steam before it got interesting.
I've been watching BTC for nearly 10 years, and while I personally don't believe it's currently in a major bull phase, as in parabolic, I have noticed an interesting new correlation.
For the first time, since I've been observing BTC, it seems to be actually responding to external geopolitical events??, not just the usual crypto gossip that effect it.
Thoughts?
For the first time, since I've been observing BTC, it seems to be actually responding to external geopolitical events??, not just the usual crypto gossip that effect it.
Thoughts?
Its behaving like the old school silver shills and pumpers would have led us to believe silver market should behave (I.e. yes I agree)
SilverDJ
Well-Known Member
In effect, yes it is, because the mainstream markets and players largely have had to reluctantly accept that Bitcoin is a real thing and it's not just a fad.
Soon China, Korea and Japan will likely be cashless and all digital.
Fears in the Asian crypto circles is that when the local currency is digital, current cryptos will lose the mystic and will be sidelined like junk bonds.
People don't want to touch cash without gloves
I'd view this from the different perspective.
Having a National currency go digital, may legitimise the concept of cryptocurrency to the broader populous. And as a National currency will be relatively stable, maybe people will start looking at the speculative cryptos from a different perspective??
‘it’s a fifty fifty.... however, current market cap of junk bonds is like 1000 times bitcoin market cap
10 Mil Bitcoin!, I'd be happy with that.
At least John McAfee wouldn't have to eat his old fella...... Lol
Is that still a thing? , honestly haven't been bothered paying attention...I avoid crypto news, like the plague.
‘not too sure about that, my 1000x figure is based on millions and millions of different kinds junk bonds
so even if Btc gets bigger, it would mean million and millions of different coins, rather than btc increasing 1000x
Whilst there may be countless issuers of junk bonds they’re still limited to the main currencies traded, so we’re probably looking at maybe 10 currencies at the most in the main with the USD making up probably 40%.
The upshot of that is that millions of different cryptos won’t be required, just millions of different crypto customers making millions of transactions..
Nah his not doing it anymore. He said btc is trash and btc is like the Ford model t.
We had a nice run up to $10.5K+ BTC, near enough to my short term $11K target. Sweet little pull-back now...
Anyone else want to call the next move?
Anyone else want to call the next move?
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I’m still kinda bearish but could go either way. I’m personally going to ride gold stocks bull
If the stock market starts to melt, only gold will be left standing.
Good point. I have to wash my hands everytime I handle cash. Haven't got to the stage of washing cash yet. Luckily, Singapore cash is made of plastics, except the $50-$10000 notes - those can't be washed.
Now, what stock will benefit from this move to electronic payment? Visa, Master?
pennys
Member
A bit late. China is about 80% digital e.g. wechat. Japan fell out quite spectacularly with bitcoin through 2017.
Crypto had its chance. It was too confused about whether it wanted to be a deflationary store like gold or inflationary medium like cash. The people that were lobbying legislators on securities and taxes moved on years ago.
Since in my own experience shorting bitcoin was far more profitable than being long I fully expect gold and bitcoin to be the same price soon enough.
Anyone else want to call the next move?
It's been a bog standard bear market for over 2 years.
The only cash I’ve used in the last 6 months is for the coke machine at work. And I’m over 30 so it’s certainly lost to the next gen
Losing billions off the coinmarketcap per hour. Doubt this is going to be considered a valid flight to safety this round.