1. #71
    Sam Odom
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    anyone BUYING in the 800s ?

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  2. #72
    Sam Odom
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    for those using Bitcoin Core

    13.2 is out

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  3. #73
    newguy
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    What happens first. 800 or 1000?
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  4. #74
    SpeedPro
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    Quote Originally Posted by Snowball View Post
    it will form a blowoff top then collapse totally
    because Trump hates it.

    The US dollar will explode under Trump, it has already started,
    once his people take control, you'll see gold drop to 800 and
    bitcoin is going under 500, possibly even back to 200 or less.

    The weak money policies of Obama administration allowed
    bitcoin to flourish. Whole new ballgame coming. Bitcoin is
    money laundering and black market. It is fraud and violates
    wire acts and the mandate of the Fed and Treasury to
    police American legal tender.

    So if the opposite happens it just means you don't know what ur talking about! LOL!

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  5. #75
    SpeedPro
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    Who actually wins if the bottom drops out and say it goes back to $20? I don't see why Bitcoins, which has gotten this big, would or could do that without world wide market collapse!

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  6. #76
    Optional
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    Quote Originally Posted by SpeedPro View Post
    So if the opposite happens it just means you don't know what ur talking about! LOL!

    Snowball is implying that bitcoin is a hedge against a weak US$ like gold is. So will drop on a strengthening dollar.

    But he must not have looked at any historical data as I doubt he could find a correlation with the US$.

    Guess he uses a crystal ball.

    Not that it has been very clear for him. Been making posts with new and better theories about how bitcoin is about to crash for four years now



    And that's without the silly Trump hates bitcoin line.

    Here's why Trump's win boosted Bitcoin

    Why Trump Budget Chief Pick is Good for Bitcoin

    Elon Musk appointed as Trump advisor
    Donald J. Trump Appoints Bitcoin Investor Peter Thiel to Presidential Transition Team



    I think Snowball might be an undercover operative for the banks he is so keen to talk down bitcoin even if it means claiming the polar opposite of reality is true!

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  7. #77
    SpeedPro
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    That is hilarious. He may be part of the bank industry doin his part. I've been investing in BTC for a little over a year now and have enjoyed the gains I've made even with volatility.

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  8. #78
    RoyBacon
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    Pretty steady day. A little move up in the morning off of 880 up to 905 but most the day sitting at 900. May be settling in.

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  9. #79
    Sam Odom
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    24hr swing: 810 - 940

    930 now

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  10. #80
    evo34
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    Quote Originally Posted by Optional View Post
    Snowball is implying that bitcoin is a hedge against a weak US$ like gold is. So will drop on a strengthening dollar.

    But he must not have looked at any historical data as I doubt he could find a correlation with the US$.

    Guess he uses a crystal ball.

    Not that it has been very clear for him. Been making posts with new and better theories about how bitcoin is about to crash for four years now



    And that's without the silly Trump hates bitcoin line.

    Here's why Trump's win boosted Bitcoin

    Why Trump Budget Chief Pick is Good for Bitcoin

    Elon Musk appointed as Trump advisor
    Donald J. Trump Appoints Bitcoin Investor Peter Thiel to Presidential Transition Team



    I think Snowball might be an undercover operative for the banks he is so keen to talk down bitcoin even if it means claiming the polar opposite of reality is true!
    BTC is is actually correlated with USD strength. 0.53 daily correl. btw GBTC and UUP since mid-Oct.

  11. #81
    jjgold
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    It will eventually get stable again like all currencies

    They all have their volatility from time to time

    Issue with bitcoin is it is not liquid like the big currency pairs which makes it real dangerous

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  12. #82
    RoyBacon
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    Give BTC credit for withstanding this severe downturn. If you look at the chart BTC started its record jump on Dec 16 when it was $790. It pierced $800 and kept going to nearly $1200. If you look past the great rise and fall and connect the mid December to mid Jan prices one could conclude that the rally higher is still in tact. Also, the low in the sharp sell off two days ago reached $815 so the $790 level held fairly nicely.

    I think we will establish a trading range where we will stay for a while and consolidate/ heal. Probably a $875 to $995 type of range.

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  13. #83
    trytrytry
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    949

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  14. #84
    Optional
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    Quote Originally Posted by evo34 View Post

    BTC is is actually correlated with USD strength. 0.53 daily correl. btw GBTC and UUP since mid-Oct.
    If that is true, I stand corrected.

    Actually, don't really believe it... think you would need to bend data and read tea leaves to find the required anti-correlation to make Snowballs theory plausible. But don't care enough to go look so will accept.

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  15. #85
    raiders72001
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    Although I respect evo's opinions, there isn't any correlation between the USD and bitcoin.
    Last edited by raiders72001; 01-08-17 at 04:32 PM.

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  16. #86
    triplecrown333
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    Quote Originally Posted by triplecrown333 View Post
    buying bitcoin right now is buying confidence in china... let that sink in for a moment
    i am the voice of reason...
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  17. #87
    Sam Odom
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    Quote Originally Posted by Sam Odom View Post

    Looking to BUY now but at much lower than 950

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  18. #88
    triplecrown333
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    i would take a shot at 800
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  19. #89
    Russian Rocket
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    Quote Originally Posted by triplecrown333 View Post
    i would take a shot at 800
    rule #1 - never try to catch a falling knife (unless you're David Blaine of course)

    best of luck Triple
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: triplecrown333

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  20. #90
    triplecrown333
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    thanks rocketman, only looking to buy a few for the superbowl bets...
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  21. #91
    Russian Rocket
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    Quote Originally Posted by triplecrown333 View Post
    thanks rocketman, only looking to buy a few for the superbowl bets...
    right on dude!
    do you bet in BTC books or do you convert it to USD?

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  22. #92
    triplecrown333
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    i buy it and leave it at coinbase for now, when the time comes i will sell and transfer to bitchain and then 5 dimes..meant blockchain
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  23. #93
    Russian Rocket
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    Quote Originally Posted by triplecrown333 View Post
    i buy it and leave it at coinbase for now, when the time comes i will sell and transfer to bitchain and then 5 dimes..meant blockchain
    got it...gl!

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  24. #94
    raiders72001
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    Bitcoin slides as China's central bank launches checks on exchanges
    http://www.reuters.com/article/us-ch...-idUSKBN14V15Q

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  25. #95
    Sam Odom
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    768

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  26. #96
    YoungGambler
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    I'm buying soon, all the chinese are buying bitcoin up cause the Yuan has fallen steady. Invest in bitcoin > if yuan falls sell bitcoin to yuan > possible profit. Of course that commie government gonna stop that. In trump we trust??

  27. #97
    High3rEl3m3nt
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    raiders, rocket, sammy, etc., What do you guys think? BTC rebounds?

  28. #98
    Sam Odom
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    Quote Originally Posted by High3rEl3m3nt View Post

    raiders, rocket, sammy, etc., What do you guys think? BTC rebounds?

    yes , of course but... from what bottom ?

    dunno

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  29. #99
    Russian Rocket
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    Quote Originally Posted by High3rEl3m3nt View Post
    raiders, rocket, sammy, etc., What do you guys think? BTC rebounds?
    no idea man...I'm the wrong person to ask
    these price swings are way too violent for my liking

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  30. #100
    Not4love
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    Just don't transfer directly from coinbase to a betting exchange. They have closed accounts based on that.

  31. #101
    Optional
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    Quote Originally Posted by Sam Odom View Post


    yes , of course but... from what bottom ?

    dunno
    So many people in around the $500-$550 level that if it breaks that floor it could go really low, really fast, I think.

    But agree that is likely a sweet buying opportunity long term.

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  32. #102
    SeahawkSanders
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    I got a $1,500 payout from Heritage yesterday when BTC was over $900. For some reason my dumb butt didn't transfer it right away so now that $1,500 has sunk to under $1,300. Should I hold or eat the loss?

  33. #103
    Optional
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    Quote Originally Posted by SeahawkSanders View Post
    I got a $1,500 payout from Heritage yesterday when BTC was over $900. For some reason my dumb butt didn't transfer it right away so now that $1,500 has sunk to under $1,300. Should I hold or eat the loss?
    Personal decision on how fast you want to see the cash and how much it might bother you to lose even more.

    For me, I have a some that were worth 1050 and have just left them sitting there expecting it go back near that again fairly soon before I deposit it. But not enough that I will care if it plunges either.

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  34. #104
    19th Hole
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    Bitcoin equals
    772.35 US Dollar
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  35. #105
    Sam Odom
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    <750 is the buy

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