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PostPosted: Sat Jun 22, 2019 2:24 am 
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sorCrer wrote:
kiwinoz wrote:
Next few days will be interesting. I expect a "lord giveth and lord taketh away" week or so.


I'll be happy either way. :smug:

I'm sure you will

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PostPosted: Sat Jun 22, 2019 2:45 am 
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kiwinoz wrote:
Next few days will be interesting. I expect a "lord giveth and lord taketh away" week or so.


It will be interesting to watch, if we break through 11.6k and find support, well there are not many supports left to test before ATH.

But yea, some are sitting on good profits, id be surprised not to see some profit taking soon.


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PostPosted: Sat Jun 22, 2019 3:08 am 
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Harveys wrote:
kiwinoz wrote:
Next few days will be interesting. I expect a "lord giveth and lord taketh away" week or so.


It will be interesting to watch, if we break through 11.6k and find support, well there are not many supports left to test before ATH.

But yea, some are sitting on good profits, id be surprised not to see some profit taking soon.

FOMO will outweigh any people cashing in their profits. The speed it went from 9900 to 10400 was alarming.


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PostPosted: Sat Jun 22, 2019 3:47 am 
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Ha, last I saw it was 9.7k.

We will see what happens with volume.


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PostPosted: Sat Jun 22, 2019 5:33 am 
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Smells like a hail mary play to me

1. IFinex companies (Bitfinix, Tether) start getting hauled before the courts for massive fraud and what not.
2. BTC starts inflating again. Above entities obtain 90 day injunction in mid May from courts
3. Tether start fashioning vast amounts of money out of thin air (again), including $200M in the last 2 weeks alone
4. BTC goes on a tear, largely un-correlated with and completely out of proportion with other safe-haven assets

They got away with it in 2017/2018, will they get away with it again? Will go down as one of the world's greatest scams.


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PostPosted: Sat Jun 22, 2019 1:17 pm 
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$11000 now.


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PostPosted: Sat Jun 22, 2019 1:49 pm 
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XRP is having a lot of trouble breaking past .46.


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PostPosted: Sat Jun 22, 2019 1:55 pm 
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Harveys wrote:
XRP is having a lot of trouble breaking past .46.


It will follow. The alts normally do. Hope so anyway. Edit: No need to be so open. :blush:


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PostPosted: Sat Jun 22, 2019 1:58 pm 
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Harveys wrote:
XRP is having a lot of trouble breaking past .46.


.465 now


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PostPosted: Sat Jun 22, 2019 2:04 pm 
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sorCrer wrote:
Harveys wrote:
XRP is having a lot of trouble breaking past .46.


.465 now


XRP & XLM have done fudge all this run, apparently XRP is always late to the party but still I expected it to be back at a dollar by now.


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PostPosted: Sat Jun 22, 2019 2:11 pm 
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Harveys wrote:
sorCrer wrote:
Harveys wrote:
XRP is having a lot of trouble breaking past .46.


.465 now


XRP & XLM have done fudge all this run, apparently XRP is always late to the party but still I expected it to be back at a dollar by now.


Yep. XRP is like that but it's starting to move now. Stellar is too.


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PostPosted: Sat Jun 22, 2019 2:24 pm 
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I suggest any fan or speculator of cryptocurrencies, especially bitcoin, endeavour to read the following document at their own leisure:

https://iapps.courts.state.ny.us/fbem/D ... ystem=prod


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PostPosted: Sat Jun 22, 2019 2:47 pm 
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massive_field_goal wrote:
I suggest any fan or speculator of cryptocurrencies, especially bitcoin, endeavour to read the following document at their own leisure:

https://iapps.courts.state.ny.us/fbem/D ... ystem=prod


Been following Bitfinex and the Tether issue for years and it is very problematic. Bitfinex is a stable business though and appear confident that they can handle the tether loan repayment. Worrying yes, end of the world? Probably not.


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PostPosted: Sat Jun 22, 2019 3:16 pm 
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"stable business"? that's not the impression I get reading that writ above!

i'm convinced they played/play a central role in manipulating prices higher - in fact it's almost a given. seeing as they are supposed to front up to court in less than two months with a bunch of documents disproving this, and so far they have only provided screenshots and twitter posts, it is highly likely they are having one last horrah before a shit load of money goes missing.


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PostPosted: Sat Jun 22, 2019 4:07 pm 
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massive_field_goal wrote:
"stable business"? that's not the impression I get reading that writ above!

i'm convinced they played/play a central role in manipulating prices higher - in fact it's almost a given. seeing as they are supposed to front up to court in less than two months with a bunch of documents disproving this, and so far they have only provided screenshots and twitter posts, it is highly likely they are having one last horrah before a shit load of money goes missing.


I'm concerned about Tether and whether it's propped up. Have been since 2017.

In terms of volume, Bitfinex isn't in the top 20 list of exchanges. It was established in 2012 though and they have come through before. All we can do is wait and see.


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PostPosted: Wed Jun 26, 2019 1:09 am 
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BTC dominance over 60% for the first time since 2017.


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PostPosted: Wed Jun 26, 2019 1:39 am 
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goeagles wrote:
BTC dominance over 60% for the first time since 2017.


Looking very bullish. I reckon it will test 12k shortly.


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PostPosted: Wed Jun 26, 2019 1:49 am 
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Again, no hype at all in media etc compared to last time. Nothing fundamental to drive the price. Alt coins not following BTC this time - it all screams manipulation.

Bitcoin is being destroyed and all the HODLers are having a party.


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PostPosted: Wed Jun 26, 2019 2:56 am 
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massive_field_goal wrote:
Again, no hype at all in media etc compared to last time. Nothing fundamental to drive the price. Alt coins not following BTC this time - it all screams manipulation.

Bitcoin is being destroyed and all the HODLers are having a party.


Media hype might drive retail investors but this is almost certainly coming from institutional investors. The fundamentals are as strong as ever. Highest hash rate ever, better fiat on/off ramps, better custodial solutions than ever, general legitimization of the industry via Facebook/JPM/etc. Nothing about Bitcoin is being destroyed. It grows stronger every day and the need for it becomes more apparent as we hear more and more from central banks talking about crazy wealth destroying policies.


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PostPosted: Wed Jun 26, 2019 6:08 am 
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Its strange that BTC will pull all down but necessarily doesn't pull them up. Alts to jump soon I think but there is heavy manipulation taking place ie 100% of LTC trading by volume. This is throwing timing etc out a bit eg my $135 LTC prediction from $90 took a bit longer than I suggested.


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PostPosted: Wed Jun 26, 2019 6:22 am 
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The way I see it, the folk doing the manipulatin' have been given a carte blanche from the courts with about 1 month left, so they are extracting as much fiat (for lack of a better term) out of the system before it all goes tits up.


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PostPosted: Wed Jun 26, 2019 6:43 am 
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That may be the case - tether has been highlighted as being dodgy from early days but once the EFTs etc came on then all hell broke loose on manipulation. I know someone who could prior to EFTs predict prices turns to the exact point in time now working within a week or so at best. Its no different to say Silver where there has even been confessions and convictions of manipulation but it still continues.


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PostPosted: Wed Jun 26, 2019 7:24 am 
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sorCrer wrote:
goeagles wrote:
BTC dominance over 60% for the first time since 2017.


Looking very bullish. I reckon it will test 12k shortly.


Hard to believe only 18 months later we could be looking at potently another ATH, but stepping back and looking at the entire history its much less surprising.

Quote:
350 day moving average of Bitcoin’s price. It has historically been an important moving average because once price moves above it, a new bull run begins.


Spoiler: show
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Last edited by Harveys on Thu Jun 27, 2019 6:23 am, edited 1 time in total.

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PostPosted: Wed Jun 26, 2019 7:25 am 
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Spoiler: show
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PostPosted: Wed Jun 26, 2019 7:26 am 
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lol, how do i spoiler for size?

I got u fam


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PostPosted: Wed Jun 26, 2019 7:32 am 
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We're also a year out from halving.


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PostPosted: Wed Jun 26, 2019 7:50 am 
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I took a position on eToro on the 14/12/2017 at a price of 16791 SL: 244.41 TP: 847334.70 been languishing at 50%+ loss for 2 years.


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PostPosted: Thu Jun 27, 2019 12:43 am 
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13k 63%


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PostPosted: Thu Jun 27, 2019 12:47 am 
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Shorts are starting to rise.


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PostPosted: Thu Jun 27, 2019 4:34 am 
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Been all over the place - if you can trade that then you would have made loads.


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PostPosted: Thu Jun 27, 2019 6:30 am 
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kiwinoz wrote:
Been all over the place - if you can trade that then you would have made loads.


Too vicious for me. On the hodl now.


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PostPosted: Thu Jul 04, 2019 5:26 am 
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What's the story with the price volitility? Is it simply supply/demand? I've been asked if I'll accept bitcoin payment through my business and until now I've turned it down because I don't understand the currency conversion to local fiat currency.

I have a basic understanding of what it all is and how it works, apart from how the price bounces around so violently.

So I wouldn't be looking at it as an overall investment, but could be forced to as I'll have to use NZ$ to purchase product to on sell.

What would be an acceptable exchange markup between the NZ$ - BTC? Can I just make that what I want without going overboard?

Right now as far as I can tell the BTC is worth around 16K NZ$. A job I'm being asked to produce is a little under 8K or 0.48BTC as straight currency conversion goes today for my regular markup on cost of goods and service offered.

I could be wrong, but according to the Marco coino app there really isn't anything local for me to spend this crypto anywhere local.

No one else in my industry is accepting bitcoin for what I do as far as I can tell. The actual cost to me is around 2.5K NZ$. The remainder of the invoice is a few hours of service and markup.

How am I supposed to look at a transaction like this? My first reaction is to say "well if you're paying with play money the price is a lot higher than what it would be with real actual money".

When does this stuff become good for actual currency?
Or in the case of trading goods and services do you just cash out straight away so the value of your invoice isn't evaporated in some gigantic loss if the crypto value takes a dive overnight?


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PostPosted: Thu Jul 04, 2019 1:00 pm 
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Sonic I think you answer your own question - the volatility at the moment is hard. You would be better taking the cash and buying BTC when it drops if you wanted to. Its for the other parties convenience not yours especially if you are still having to comply with tax etc.


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PostPosted: Tue Jul 09, 2019 3:18 pm 
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https://decrypt.co/7795/investigators-t ... s-offering


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PostPosted: Tue Jul 09, 2019 3:38 pm 
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massive_field_goal wrote:
https://decrypt.co/7795/investigators-tether-loaned-usdt-to-investors-illegally-traded-in-new-york-ran-an-unregistered-securities-offering


Yep. Doesn't look good at all. Pretty scary if that blows up. The Gox coins too are still a problem for me. 130k of them left.


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PostPosted: Wed Jul 10, 2019 2:34 am 
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sorCrer wrote:
massive_field_goal wrote:
https://decrypt.co/7795/investigators-tether-loaned-usdt-to-investors-illegally-traded-in-new-york-ran-an-unregistered-securities-offering


Yep. Doesn't look good at all. Pretty scary if that blows up. The Gox coins too are still a problem for me. 130k of them left.


Crypto folk were like: "Get stuffed regulators, crypto sets us free!"
Crypto folk will be like: "WTF is this shit? Where is the regulation?"


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PostPosted: Wed Jul 10, 2019 2:40 am 
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Tether was well known to be dodgy. Caveat emptor


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PostPosted: Wed Jul 10, 2019 5:09 am 
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kiwinoz wrote:
Tether was well known to be dodgy. Caveat emptor


Since late 2017.


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