Bitcoin Price Thread

And all those who rushed in on the hype on Thursday...ouch.....the big amount of money lost will come under 10000 where most new people bought Bitcoin just around Thanksgiving....
 
southall said:
What was the high on Bithumb?, i saw almost $23000 at one point but it could have been higher. At the moment it is 14500 on bithumb. So thats $8500 down in S Korea.
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In casino's that's normal, business as usual.
 
schweiz said:
Experts agree that what happens now is completely different from what the bitcoin was invented for. So I advice you to read that lecture too.
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Wrong, the same is happening in 2017 as what was the case in 2010, 2011 and 2013. First a high grow in value, thereafter a spending phase as currency and inflow of shops that accept Bitcoin (to profit from the new wealth to spend).
All happening as intended.

schweiz said:
Almost all coins are hold and not used for payments.
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Correct, we are in the grow phase again. A phase it's best to not spend coins until it stabilizes at the next level.

schweiz said:
A huge percentage of the transactions has to do with crime.
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Wrong. It's a low percentage, not very different to the percentage in Dollar-crimes

schweiz said:
Those who buy have speculative reasons. Speculation was never a goal for the bitcoin.
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Wrong. The whole 21 million limit is intentionally built into it to get its total value in the $trillions to become a currency on a global scale.

schweiz said:
Probably, but I have enough intellect to beat your Bitcoin ROI trading other products. And even at a much better risk/reward ratio.
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Wrong. Show me your 166 times ROI in 4 years time and I show you mine. And my risk was none as I very well understood what huge potential it had and still has. I even had no single dollar drawdown during those 4 years (bought hugely at $100 and it went never below that level again).

schweiz said:
What other reason is there for you to be on a traders forum?
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Wrong. I'm here from 2002 as I built and sell trading software.
 
S2007S said:
And all those who rushed in on the hype on Thursday...ouch.....the big amount of money lost will come under 10000 where most new people bought Bitcoin just around Thanksgiving....
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You still haven't understood that huge Hedgefunds are buying every single dip, huh?
The big wallstreet guys want in, but there aren't coins enough, so each and every dip is heaven for them. In no time the price is back up again.

Think about it: if each millionaire around the world wants to have one single coin, they are out of luck, because there are more millionaires than coins. Now what will happen when huge Hedge funds need thousands of coins? That's the reason of last half years of bull market, not that Joe Public is participating as well.
 
Hoi said:
You still haven't understood that huge Hedgefunds are buying every single dip, huh?
The big wallstreet guys want in, but there aren't coins enough, so each and every dip is heaven for them. In no time the price is back up again.

Think about it: if each millionaire around the world wants to have one single coin, they are out of luck, because there are more millionaires than coins. Now what will happen when huge Hedge funds need thousands of coins? That's the reason of last half years of bull market, not that Joe Public is participating as well.
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"hedgefunds are buying...." can you post your source of this opinion ?
 
lovethetrade said:
I shorted BTC at 15,500. its so overbought right now.
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Was I right about the short? It's getting a bit boring getting it right every time, it would be more interesting if I got it wrong occasionally.
 
sss12 said:
"hedgefunds are buying...." can you post your source of this opinion ?
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There are more than 120 Hedgefunds focused on crypto currencies already.
Google for instance: Mike Novogratz who is currently initiating a new fund of 500 million. Maybe you can still participate.
 
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