I don't think it goes anywhere near 5k again.Originally Posted by flyingillini
Curious to what you guys think?
Last week BitGo bought KingdomTrust.When all the "late to the game Joes" start buying in,then and only then, BC will implode .............
So as long as you have threads like these with the same doubting tom's, all is good............
Who's Bitgo? Wallet for institutions.
What's KingdomTrust? Institutional custodian.
Some quotes from the Bloomberg article that day sums up the sentiment behind the merger:
In traditional finance, custody banks like State Street Corp. hold securities, keep records and provide other services for investment advisers. A lack of similar offerings in the cryptocurrency world has kept many institutions on the sidelines, Belshe said.
“If you’re an SEC-regulated fund over $150 million, you’re required to use a qualified custodian,” he said. “You can’t just take some guy and have him hold your coins for you.”
Do not think for a moment that big institutional money has not noticed the rise of crypto. Fact is, they're green with envy at any market they can't buy into - the first step was just taken.
And also last week - look at WeissRatings being the first research to essentially rate crypto as securities The big banks can't (so fukkin' bound to the dollar, would be sacrilege) so these guys will. And it's terrible research, btw, they don't pick off guys from Merrill Lynch, instead they hire recent grads from Tchotchke State and tell them to pound out 500 word market recap essays. Doesn't matter - heard first hand that Weiss is hauling it in w/ by far the biggest week they ever had. Their customers? Institutions.
Crypto will look very VERY different once it becomes a playground for institutional money. Anywhere BTC, ETH, maybe even XRP goes up/down/sideways ... will all be bargain in two years time.
7700 wow
It's like right there broI don't think it goes anywhere near 5k again.
Dropped enough yesterday it cost me over $200 sitting in Coinbase pending.
5K and lower...the illegal aspect of what it is used for is becoming too well known
If there's a silver lining, at least the transmission fees are now reasonable. I always liked the idea that it was a good way to deposit and withdraw from books, and didn't consider "bettin" on it till that big run. And maybe less volatility is good. It was a bit nerve wracking to be doing a BTC transaction, and go to the fridge for a beer or whatever, and have that cost ya $100.
It tested a bottom, was never selling as hard relative to other coins, and just bounced back to 8700. Day traders just learned something this morning.It's like right there bro
True blood in the streets. That's when you buy. And when it craters this afternoon, buy again.
Yeah I cashed out a few months ago at 14 after buying in around 9It tested a bottom, was never selling as hard relative to other coins, and just bounced back to 8700. Day traders just learned something this morning.
True blood in the streets. That's when you buy. And when it craters this afternoon, buy again.
Might go for round 2
Just a few hunnits, nothing crazy
eXACTLY!If there's a silver lining, at least the transmission fees are now reasonable. I always liked the idea that it was a good way to deposit and withdraw from books, and didn't consider "bettin" on it till that big run. And maybe less volatility is good. It was a bit nerve wracking to be doing a BTC transaction, and go to the fridge for a beer or whatever, and have that cost ya $100.
Even though it dropped to around 7700 earlier.... You would only imagine this coin is worth around 8k. Can't see it dropping more than this.
Of course.... I don't know dik about BTC lol
Easy prediction, and happened immediately today. 8k is a number the whales and smart investors will not pass up on. They are silently setting you a bottom at which it is telling you it’s time to pounce on it.Good lord
Gonna send my crypto group this thread to get a good laugh from all the clueless stains in it.
Once it hits 7500-8k people are gonna be selling their children to buy it back up times 10.
It's only falling because of the usual Asian government threats to ban trading and the Bitfinex/Tether subpoena. There's no way to know for sure the effect of it so people are forced to panic-sell temporarily.
Bitcoin isn't going anywhere. Alt coins aren't going anywhere.
20k a huge fav over 5k.
Official SBR line
20k hits first -3000
5k hits first +1500
But Raiders was correct in post #29
If by some miracle it hits 5k (there's ALWAYS a chance), it will still be 20k in 2019.
If this forum wasn't full of broke degens from the dinosaur era, you'd be busy learning about this stuff instead of rooting against an inevitable future.
This week would be the perfect time for you to research and invest. It's never too late.
BTC will be 25,000 at some point in 2019
suckers could lose everything
lmao, futures are manipulated like shit, ever see option expiration days ...Futures exchanges make it valid and a real market price
