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Bitcoin - The Future Internet?

Discussion in 'Investing' started by heyimsnuffles, Dec 22, 2016.

  1. heyimsnuffles

    heyimsnuffles Active Member

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    bitfinex allows shorting....it is stupid risky and I only ATTEMPT when there is like 5 daily candles green in a row and a blow off with negative divergence.
     
  2. heyimsnuffles

    heyimsnuffles Active Member

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    Indeed about all the china. Bitcoin is here to stay. Inning number 3 of 9 in my opinion.

    disruption.JPG
     
  3. heyimsnuffles

    heyimsnuffles Active Member

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  4. hitman

    hitman Active Member

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    help me understand what is it that you are trying say. Are you giving an insight, just jotting down someone else out look on a situation or are you saying I don't understand Bitcoin trading/investment as a stream of revenue.
     
  5. heyimsnuffles

    heyimsnuffles Active Member

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    I believe that Bitcoin is here to stay in this world. I have been a bitcoin advocate since after the first runup (actually third) into the 1000's when I really started to research it. Once it pulled back and held 200-250 there was ALOT of buyer Support there. Every single bad event has been bought up and now we took out the old highs.

    I posted the photo above because I thought it was an interesting thought process of how "change" and new inventions are accepted. Of course the mass is not going to believe in it or want it at first, but once it hits the tipping point and everyone understands that will be no return IMO.
     
  6. hitman

    hitman Active Member

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    Here is the situation with Bitcoin going forward in 2017 and beyond. With capital fleeing China and the yuan becoming weaker and weaker guess what happens if the government decides they want to clamp down on capital fleeing. Chinese and the world will wake up one morning to the news hey folks Bitcoin is now illegal and all Bitcoin holders are money launders/ging then it becomes worthless overnight.

    So the question is will any government support an underground tender which drains money out off their country, if you believe they will power to you and good luck "investing in Bitcoin" moving forward.

    Pronouncing your self an advocate is great on your part… it would be interesting to know what percentage of your account is allocated to Bitcoin and would your account or your mental state be able to handle the draw down.

    I'm not trying to find out your account worth…. but merely giving food for thought to other members out there who peek in to have a look.
     
  7. heyimsnuffles

    heyimsnuffles Active Member

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    I have been long since under 300. I bought the Hearn Panic when he said it was the end of Bitcoin. I bought the Bitfinex hack. My last buy was yesterday when I bought more on the dip (which I am down on that buy but my average is below 500)

    I am just saying that according to price everyone who has been negative about Bitcoin has been wrong. You cannot argue with that.
     
  8. heyimsnuffles

    heyimsnuffles Active Member

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    I will say this. It needs to hold Right here right now.
     
  9. internationalstocks

    internationalstocks Active Member

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    Do you use Bitfinex? Any good? Margin?
     
  10. heyimsnuffles

    heyimsnuffles Active Member

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    i actually purchase through coinbase and use bitstamp, simplefx. I have used bitfinex before was not really a fan.
     
  11. hitman

    hitman Active Member

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    Like I said good luck "BTCC will (suspend loans borrowing services) from 12 January 2017." Effectively, loan-based trading services were no longer available using Bitcoin. The liquidity for Bitcoin that came from China will begin to decline. Bitcoin is not being shut down, but there is concern that the capital flight must be stopped. Bitcoin has been the escape method for capital fleeing China. China's major Bitcoin exchange halted or otherwise updated their Bitcoin trading services.
     
  12. heyimsnuffles

    heyimsnuffles Active Member

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    Fact of the matter is bitcoin has only continued to increase in value. America is leading price now and it will go back to highs and then china will blow it through the roof again seen it Multiple times.

    Seriously, what happens when it is back at highs and everyone who just bailed on this "china news" wants back in? No one should have been buying at 1100 and 1200 anyways. Things don't go straight up, not even Bitcoin. (I was actually short from 1200 down to under 1000. The short is not worth it anymore considering this could rip back to highs in a few weeks.
     

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