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  1. J

    Bitcoin Price Thread

    Only if the price keeps going up and they have lots of coins to sell so exiting is tricky for them. We can all have opinions but noone seems to really know. All we can do is observe the price and guess.
  2. J

    Bitcoin Price Thread

    I am sure there will be more crypto articles but i see the largest pool of money at broker accounts and they can not access the little known coins. Was a huge price ramp up before start of futures last weekend. Looked like pump but we did not get the dump. Maybe you should be loading up on...
  3. J

    Bitcoin Price Thread

    I sold enough to cover my original bitcoin investment just before the futures came out last weekend since I was worried about the futures being used to lock price and then a coin dump. Not happened yet, or if happened the little folks are sucking them up and wanting more. Hard to tell what is...
  4. J

    Bitcoin Price Thread

    Looks a fun coin :) Bitcoin has a huge amount of free press I doubt any coin makers could match that in terms of PR spend. Even if they are technically better they have an uphill battle. Things can change but I have sold a few coins on way up so it is just fun now.
  5. J

    Bitcoin Price Thread

    Maybe but Bitcoin and Ether are first to be quoted on the main exchanges so easier for 'traditional investors' and get most of the free media coverage. It all comes down to public acceptance and crowd behaviour at the end of the day. I use Facebook because everyone else does etc. So do you own...
  6. J

    Bitcoin Price Thread

    Assuming it is true it is just one guy with hardly any share of total and lots of little folks wanting his coins. So you do not now know and just guessing like the rest of us. I think miners are just in it to make money nothing to do with their effort or true believers but I'm also just...
  7. J

    Bitcoin Price Thread

    So you are buying as well then :)
  8. J

    Bitcoin Price Thread

    Serious question. How do you know that?
  9. J

    Bitcoin Price Thread

    Exactly and to me that combined with the daily new highs tells me it is all buying pressure.
  10. J

    Bitcoin Price Thread

    You also seem to be picking numbers out of the air e.g. miners selling coins. I am not interested in getting into a technical debate on inflation or deflation I just want to make money. To me the new coins are not enough to satisfy the demand which is why the price is going up. It is just...
  11. J

    Bitcoin Price Thread

    Lots of cryptos collapse. Only a few will survive. Bitcoin is at the stage Facebook is at. It dominates the space and if new coins come up with some unique features it can just copy them. Bitcoin and ether dominate the market cap and get all the free publicity. They are also a bit different by...
  12. J

    Bitcoin Price Thread

    I have no idea how many of the freshly mined coins are sold right away but OK say its half and your figure of 18 M usd. Thats not much globally considering many folks have not bought any and more will be able to via standard routes with market etfs etc via stockbrokers. The mining rate of...
  13. J

    Bitcoin Price Thread

    I know the difference between bitcoin and blockchain. You can hate bitcoin all you want but I'm still long because the price is going up and even if it goes to zero tomorrow I have made money as sold a few on way up. Good luck with the shorts. Whats your plan there? Keep building position as it...
  14. J

    Bitcoin Price Thread

    At what point would you accept your wrong and view it as a new innovation here to stay? Google, Facebook, Microsoft, Amazon etc were also worth almost nothing in the very early days so saying came from cents and rising for 8 years does not necessarily point to bubble. Same with every company or...
  15. J

    Bitcoin Price Thread

    Yes bubbles happen. What other point are you trying to make? Sir Isaac sold early, got greedy, bought back higher at larger volume, then lost a lot. He knew much about science but feck all about trading and the South Sea.... Even if bitcoin is a bubble and follows a South Sea type chart it...
  16. J

    Bitcoin Price Thread

    The rate of production is slowing down to a limit of 21 M limit minus lost coins. I have not looked at the bitcoin production rate just now but if you say it 4% then from the price action I would say that demand is growing much greater than the 4% production rate.
  17. J

    Bitcoin Price Thread

    Thats a bit like saying miners will mine trillions of tonnes of gold when there is not that much gold on the earth.... good luck with that.
  18. J

    Bitcoin Price Thread

    I was concerned about that at first but they did not make more bitcoins at all after the forks. Keep reading the subtle points and implications in the Hoi post above until you understand it.
  19. J

    Bitcoin Price Thread

    You may be right in the future but you said 'currently'. New highs today almost 18,000 on my chart so hardly selling pressure.
  20. J

    Bitcoin Price Thread

    The actual price movement (up) should tell you your wrong. Price up means demand > supply
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