To those who think bitcoin is going higher

Pekelo said:
Bitcoin isn't even the biggest winner. 2017 is when other cryptos took over gain-vise (sector rotation), and new money discovered that although the Bitcoin train might have left the building but other cryptos still can make sizeable returns. LTC went up 200% in the last 5 days, BTC is up only less than 10%.

So as 2017 was the year of LTC and ETH taking over profitwise, 2018 will be the year of big crypto crashes when even the new money realizes that this kind of returns can not be up and there is such a thing as too much of a good thing...Having bitcoin futures is just a sign of the top and also will make BTC less volatile in the long run, helping other cryptos to gain acceptance/rise.
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I'm no expert but anyone who is long and not on margin won't care about volitivity as long as the moving average is positive.
 
Surprise said:
It certainly can go much higher , the question is will it stay higher I say no that's why I am short , it's a bubble and this shtt coin is going to burst eventually .
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Good that you back your opinions with a trade. I also think there will be major crashes just a question of when and how much you lose before we get there. For the moment I'm long.

You short from fixed level and trying to maintain or trading in and out with momentum?
 
Jakobsberg said:
Good that you back your opinions with a trade. I also think there will be major crashes just a question of when and how much you lose before we get there. For the moment I'm long.

You short from fixed level and trying to maintain or trading in and out with momentum?
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No in and out , just shorted this week and will build a position around it .

GL
 
Surprise said:
No in and out , just shorted this week and will build a position around it .

GL
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So short from ca 17,000 and intend to maintain however high it goes? You may be right in the end but it could be a very painful ride if you have big position.

Whatever you personally think of BTC the price on my charts is still going up.

GL.
 
sss12 said:
@Convertibility you better root for the Republicans. Dems (Elizabeth Warren anyone ?) will regulate BTC to death !
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I want to see another "Winners of the New World" article from you know who to mark the top before I abandon ship. I think there are still way too many skeptics out there and it appears a majority of them are the republican types who not only don't understand this form of technology but tech in general.
 
Covertibility said:
I want to see another "Winners of the New World" article from you know who to mark the top before I abandon ship. I think there are still way too many skeptics out there and it appears a majority of them are republicans who not only don't understand this form of technology but tech in general.
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"..... appears a majority of them are republicans who not only don't understand this form of technology but tech in general."[/QUOTE]..if you are serious I'll put this up for stupidest remark of the month, on a couple of levels.
 
Euler09 said:
I'm no expert but anyone who is long and not on margin won't care about volitivity as long as the moving average is positive.
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Good point. Counter point:

You are holding BTC that slowly climbs let's say 1% a day on average but you also see LTC going by 5%/day. After a while FOMO sets in and you make the switch...

Case in point: On today's chart LTC went from 210 to 320... I think these days for bitcoin (going so much higher from an ATH) are over.
 
sss12 said:
"..... appears a majority of them are republicans who not only don't understand this form of technology but tech in general."
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..if you are serious I'll put this up for stupidest remark of the month, on a couple of levels.[/QUOTE]



You might as well add that there will never be a great republican comedian.

Would you like more basic characteristics of the republican mind? All you have to do is look at the nonlesbian female mind.

The liberal mind has flaws too but I'm saving all this for a blog that I may start, but I don't want to destroy the planet just yet.
 
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