Crypto Bitcoin @ 10k...

Discussion in 'Other Asset Classes' started by hammer, 3rd Nov, 2017.

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  1. Sackie

    Sackie Well-Known Member

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    If anyone listened to me last night and shorted... please be grateful and send me some of your winnings .:cool:
     
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  2. Sackie

    Sackie Well-Known Member

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    And there it is. My crystal ball says its gonna keep going down. How far is anyone's guess.

    bb1.jpg
     
  3. Danieljk101

    Danieljk101 Well-Known Member

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    Bitcoin approaching 10k AUD again after the lows of about 4.5k in November 2018.

    Anyone paying attention still..? :)
     
  4. Westie

    Westie Well-Known Member

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    Yeah I keep an eye on the crypto market, the sentiment's turning to greed again, a lot of people on forums are like ah man, I missed out on the low, might as well buy now before it moons again. I suspect there's a dump coming.
     
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  5. Danieljk101

    Danieljk101 Well-Known Member

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    Most likely, but the next 18 months should be good for the crypto markets.
     
  6. Westie

    Westie Well-Known Member

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    When moon Sir?
     
  7. Redwing

    Redwing Well-Known Member

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  8. Danieljk101

    Danieljk101 Well-Known Member

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    2020 (bitcoin halving hype year) :)
     
  9. datto

    datto Well-Known Member

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    I heard Bitcoin will hit US300K and will be 5% of the world's monetary something or rather.

    I'm excited, even with the limited knowledge I have. Don't think that matters.
     
  10. QldKoolies

    QldKoolies Well-Known Member

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    When it started gaining popularity in 2013 the cyberpunks were saying that if it took hold as designed its value would be $10k per coin. I'm yet to see anyone convince me of its value per BTC above $10k.

    Interestingly though the big altcoins aren't recovering right now with BTC. Makes me wonder as well...
     
  11. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    The price is anyone’s guess really.
    But what isnt - IMO - is that this is here to stay.
    Those focused solely on the last crash are missing the bigger picture of what has been happening over the last few years. But whatever :)
     
  12. QldKoolies

    QldKoolies Well-Known Member

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    True, but does it look like BTC i guess is the Q.
     
  13. geoffw

    geoffw Moderator Staff Member

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    A part of the rise of Bitcoin against the AUD is also the rise of the USD against AUD.
     
  14. TSK

    TSK Well-Known Member

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    Block chain and shared ledger tech might be, but bitcoin or any other cryto coin will fade into obscurity and history will chalk this down to tulip mania.
     
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  15. Danieljk101

    Danieljk101 Well-Known Member

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    I used to be that guy “blockchain not bitcoin”. The more you go down the rabbit hole the more you realise how unique and important it is.

    Try telling people in Venezuela that bitcoin is the same as tulip mania..
     
  16. TSK

    TSK Well-Known Member

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    Bitcoin Can't Fix Venezuela: I Should Know - CoinDesk
     
  17. Danieljk101

    Danieljk101 Well-Known Member

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    Let me rephrase to state the obvious. Bitcoin (nor anything) can fix Venezuela, but to the average person trying to escape hyper inflation, bitcoin is a life saver. This also includes a number of other countries including most of South America and Turkey...
     
  18. TSK

    TSK Well-Known Member

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    No single thing will and bitcoin is a workaround to the outcome of policy decisions - if that outcome didn't exist the value of bitcoin to them will be marginal at best. Won't comment on if it's a life saver or not, not read enough about it (I'd be more keen to understand the policy failures and decisions that lead to the current situation - and I suspect it's much more complex that "Capitalism good, everything else evil")
     
    Last edited: 11th May, 2019
  19. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    To be fair, there are many ways to hedge against (hyper)inflation - basically anything not denominated in the local currency will do: be it USD, euros, gold, silver, foreign assets or crypto currencies.

    And yes, there is an argument to be made that crypto currencies as we know them now are not going to be what eventuates out of the blockchain technology, yet is there currently a better way to get exposure to that technology? I don’t think so personally.

    But, each to their own, I am not trying to convince anyone.
     
  20. hammer

    hammer Well-Known Member

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    Its happened. Again.

    Screenshot_20190512-221252.png
     

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