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Is Bitcoin the Next Big Thing?

Discussion in 'Business Discussions' started by accelerator, Jun 2, 2015.

  1. dee

    dee Well-Known Member Acorn Supporter

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    I think the hack converted loads of alts to btc then bought lots of hugely overpriced via coin off the hackers. Or something like that it seems
     
  2. Domain Forum

    Acorn Domains Elite Member

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  3. ian

    ian Well-Known Member

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    Yep, sold to BTC as cannot be exchanged for VIA directly. No crypto has been withdrawn it seems, just a case of using a hack to inflate the price of VIA so the ppl behind it could sell what they had at the top. Still a concern for Binance I'm sure.
     
  4. Edwin

    Edwin Well-Known Member Exclusive Member

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  5. Admin Andorra

    Admin Administrator Staff Member

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    So Binance is moving to Malta.

    Any further news or rumours on the Tether situation?
     
  6. martin-s United Kingdom

    martin-s Well-Known Member

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  7. ian

    ian Well-Known Member

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    Malta favour crypto, but boy, I'd not like to handle discussions with the Maltese government!!! I suspect plenty of cash (or crypto) changed hands in that one!
     
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  8. Admin Andorra

    Admin Administrator Staff Member

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  9. dee

    dee Well-Known Member Acorn Supporter

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    I know not bitcoin related but figured few reading this might be interested. TRX (tron) is having a run at the moment, and its likely to continue till the 1st march at least. It seems they launch their test network and likely do a coin burn on the same day.Coin burns usually have the impact of significantly pushing up the value of a coin.

    Do your own research obviously but could be one to jump on right now
     
  10. GCHQ United Kingdom

    GCHQ Member Acorn Supporter

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    domains and crypto is for fun....quant trading is the place where you can fulfill your dreams ;)
     
  11. dee

    dee Well-Known Member Acorn Supporter

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    On what platform ? And with what strategy ? :)

    I've yet to see an actual profitable MT4
     
  12. GCHQ United Kingdom

    GCHQ Member Acorn Supporter

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    You need a stable professional platform like NT..........Focus on Price Action and not time, Price comes before time ;)
     
  13. Edwin

    Edwin Well-Known Member Exclusive Member

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    There's a suggestion part of the current drop in crypto is down to US investors selling to meet tax obligations (since they have incurred cap gains taxes switching between currencies, as was mentioned a few pages back)
    https://www.cnbc.com/2018/03/29/bit...re-than-15-percent-as-tax-day-approaches.html

    Whether that means they'll come back into the market on the other side of Tax Day, or stay on the sidelines, who knows... but it certainly hints at two more weeks of weakness.
     
  14. ian

    ian Well-Known Member

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    Nah, this is completely market manipulation. The irony is if the whales bought now, the price would rocket and they'd make tons of profit, but their greed means they will continue to force the market down for an even lower entry point (and to attract more punters/victims in). It will come back I'm sure, but might take weeks or months more, and I predict we'll see $6100 in the short term, possibly lower after a bounce. I was fortunate enough to get in prior to the December/January boom, so my funds are still relatively positive, but it has helped bring some clarity to my scatter gun approach, now more focused on specifics and I'm hoping for a further dip to increase my holdings.
     
  15. websaway United Kingdom

    websaway Well-Known Member

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    I get the impression that the game was to agressively market to millions of small players ( I know a policeman who invested £200 ) and then siphon off the rises. It seemed like the perfect way to keep making millions. When people question the common sense of it all, just baffle them with science.
     
  16. RobM

    RobM Well-Known Member Exclusive Member

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    He didn't invest £200. He gambled it. It may pay off.. it may not. It's phrases like this though, combined with media hype, that make out it's far more high-brow and acceptable intellectually than it really is. I invested £100 at the casino last week. Most of it was invested in blackjack with a little in roulette. I was waiting for the bounce at £75. When that didn't come I waited for the £50 dip. Sadly it went to £0 before I could realise any of my investment. However that won't deter me from investing again. The casino told me it was a sure thing.
     
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    Last edited: Mar 29, 2018
  17. RobM

    RobM Well-Known Member Exclusive Member

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    Just went below $7k/£5k - must be a lot of people starting to worry. I've seen so many people saying it will bounce after a dip... however these dips were at $10k,$9k,$8k, and now $7k. When is the real dip?
     
  18. ian

    ian Well-Known Member

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    Sadly, when the whales say it is. Only when it reaches a point will new investors see the potential upside as an opportunity to enter the market, and that will only come when the whales decide. I'm cost averaging down now, just in case, but if it goes back up before I fully invest again, then so be it, I take the money back out.
     
  19. RobM

    RobM Well-Known Member Exclusive Member

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    Buying at stages during a price decline is a sure fire way to go bust. I've seen it in forex where people go bust before price returns (if at all). Even worse if they are paying interest on the money used to buy in as price decreases.
     
  20. Edwin

    Edwin Well-Known Member Exclusive Member

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    Chive and herb, or BBQ mustard?
     
  21. Edwin

    Edwin Well-Known Member Exclusive Member

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    Why will new investors think of something that used to cost $20,000 and now costs $5,000 as a good investment when their neighbour, their colleague, their golf course buddy or their local bobby is filling their ear with tales of woe about how they lost a packet on their "investment"?

    Remember, the hype around the peak was massive in the mainstream press, and therefore the hubbub around the water cooler would have been equally engaged. Now? If people talk about it at all (rather than licking their wounds in silence) it will only be to bemoan Bitcoin as the worst "investment" they ever made: "It was worse than during the Great Financial Crisis. Then, my house went down 25% in a year. But I've lost 3/4 of my money in 3 months!".