Bitcoins - fad or trend?

Discussion of all things crypto and blockchain.
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coppernickel
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Re: Bitcoins - fad or trend?

Postby coppernickel » Thu Jan 23, 2020

Fusion wrote:The regulators are looking at the coin dealers very hard now that it’s become well known “bad actors” like terrorists are using gold and crypto. Don’t blame Apmex, they have to comply or big fines. Terrorist always ruin a good thing.


Careful, by many "Regulator's" standards any "Stacker," or Liberty Lover, is a "Terrorist. "
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Mon Jan 27, 2020

NewsBTC: HODL Strong: Over Half of The Bitcoin Supply Hasn’t Moved in Over a Year.
https://www.newsbtc.com/2020/01/27/hodl-strong-bitcoin-supply-dormant/

Note: Back in the middle-late 1800's, people in Europe who were lucky enough to obtain one or more gold coins (francs, sovereigns, lire) never spent them.....they HODLed them.

Those coins were not used in daily transactions. Same analogy with Bitcoin. HODL the best for last.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Jan 28, 2020

BeInCrypto: Crazy Bitcoin Hodlers’ Stash 12.6 Million BTC in Long-Term Positions.
https://beincrypto.com/crazy-bitcoin-hodlers-stash-12-6-million-btc-long-term-positions/
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Don't let Apple turn 2020 into 1984.
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shinnosuke
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Re: Bitcoins - fad or trend?

Postby shinnosuke » Thu Jan 30, 2020

https://cryptopotato.com/amid-coronavir ... et-update/

Amid Coronavirus, January Ends With 35% Increase In Bitcoin Price: The Weekly Crypto Market Update

Author: George Georgiev

•Last Updated Jan 30, 2020 @ 18:02

The last week of trading has undoubtedly been a successful one for Bitcoin and the entire cryptocurrency market. BTC’s price gained more than $1,100, charting an increase upwards of 13% in the past seven days alone. Despite the few ups and downs, the price seems to be comfortable above $9,400.

Interestingly enough, Bitcoin is trading well above the 200-days moving average. According to recent research by Tom Lee’s Fundstrat Global Advisors, in 80% of all situations when BTC was above the 200MA, it delivered returns of about 193% within the following six months.

On another note, Bitcoin is trading on par with Gold amid the recent outbreak of a new coronavirus in China. The epidemic has seen many people die, while even more getting infected. The situation is so serious that the country has had to lock down numerous cities to prevent the further spread of the virus. Asian stocks took a hit, and, naturally, as China is the second-biggest economy by GDP, this had a toll on global markets as well. However, Bitcoin and Gold charted gains during this time, causing many to believe that investors are using them as a hedge against the distressed economies.

Bitcoin’s dominance has increased slightly during the past week, and it currently sits at 66.3%. A lot of altcoins saw seriously positive spikes in their price as well. Ethereum is up more than 10%, Bitcoin Cash is up 21%, EOS is up 20%, and so forth.

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InfleXion
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Re: Bitcoins - fad or trend?

Postby InfleXion » Thu Jan 30, 2020

shinnosuke wrote:https://cryptopotato.com/amid-coronavirus-january-ends-with-35-increase-in-bitcoin-price-the-weekly-crypto-market-update/

Amid Coronavirus, January Ends With 35% Increase In Bitcoin Price: The Weekly Crypto Market Update

However, Bitcoin and Gold charted gains during this time, causing many to believe that investors are using them as a hedge against the distressed economies.

It's not so much a hedge as a method of being able to transact if the SWIFT banking system breaks down. Protection from currency collapse is the commonality. I can't help but presume that safe haven demand for BitCoin could transition to gold and silver if there are infrastructure hiccups, which seem like a logical effect from a currency collapse if the people who support the infrastructure don't have a medium to earn wages with.
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silverpv
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Re: Bitcoins - fad or trend?

Postby silverpv » Thu Jan 30, 2020

InfleXion wrote:
shinnosuke wrote:https://cryptopotato.com/amid-coronavirus-january-ends-with-35-increase-in-bitcoin-price-the-weekly-crypto-market-update/

Amid Coronavirus, January Ends With 35% Increase In Bitcoin Price: The Weekly Crypto Market Update

However, Bitcoin and Gold charted gains during this time, causing many to believe that investors are using them as a hedge against the distressed economies.

It's not so much a hedge as a method of being able to transact if the SWIFT banking system breaks down. Protection from currency collapse is the commonality. I can't help but presume that safe haven demand for BitCoin could transition to gold and silver if there are infrastructure hiccups, which seem like a logical effect from a currency collapse if the people who support the infrastructure don't have a medium to earn wages with.


I'd love to believe this too but it's unlikely the banking system will break down. It's nice to have but the number of people who know how to use bitcoin is still very limited and not many people have physical assets these days in general. Employers are not likely to buy bitcoins to pay out as wages. Stocks are still extremely high.

I would love to think bitcoins would be benefit from all of this. It is quite interesting to see it rise. Dollar cost avg. on the way down was nice and the upcoming halvening should also increase price pressure.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Sat Feb 01, 2020

UnchainedCapital: Bitcoin Obsoletes All Other Money.
https://unchained-capital.com/blog/bitcoin-obsoletes-all-other-money/

Fidelity, the largest 401k holder in the world is going all in on bitcoin.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Sun Feb 02, 2020

CoinGeckco: Bitcoin Halving. (now <100 days).
https://www.coingecko.com/en/explain/bitcoin_halving
Gentlemen prefer Engelhard.

Don't let Apple turn 2020 into 1984.
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If Steve Jobs was still alive, he would have fired Tim Cook 2 years ago.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Feb 04, 2020

.
Gentlemen prefer Engelhard.

Don't let Apple turn 2020 into 1984.
https://tinyurl.com/y4hdgd7a

If Steve Jobs was still alive, he would have fired Tim Cook 2 years ago.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Wed Feb 05, 2020

.
Gentlemen prefer Engelhard.

Don't let Apple turn 2020 into 1984.
https://tinyurl.com/y4hdgd7a

If Steve Jobs was still alive, he would have fired Tim Cook 2 years ago.

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Chaboo
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Re: Bitcoins - fad or trend?

Postby Chaboo » Wed Feb 05, 2020

$10k seems to be looming.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Wed Feb 05, 2020

Gentlemen prefer Engelhard.

Don't let Apple turn 2020 into 1984.
https://tinyurl.com/y4hdgd7a

If Steve Jobs was still alive, he would have fired Tim Cook 2 years ago.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Wed Feb 05, 2020

I posted a YouTube a couple of messages back which is a guide to claiming all of the different "forked" Bitcoins you might possess in your Bitcoin. I'm not 100% certain of this, but it appears that all of these secondary coins were forked from BCH, and not Bitcoin itself.

I sold my BCH quite some time ago, so I am presuming those coins transferred with the BCH when I sold it, however I'm not totally sure about this.

If your Bitcoins were purchased prior to the BCH Hardfork, you can strip the BCH, and then strip out the other coins (Bitcoin SV, Bitcoin Gold, Bitcoin Pizza, and perhaps a couple of other ones) from the BCH.
Gentlemen prefer Engelhard.

Don't let Apple turn 2020 into 1984.
https://tinyurl.com/y4hdgd7a

If Steve Jobs was still alive, he would have fired Tim Cook 2 years ago.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu Feb 06, 2020

.
Gentlemen prefer Engelhard.

Don't let Apple turn 2020 into 1984.
https://tinyurl.com/y4hdgd7a

If Steve Jobs was still alive, he would have fired Tim Cook 2 years ago.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Sat Feb 08, 2020

tdtwedt wrote:Bitcoin below 7K again.
:pop:



Bitcoin is $9760, only a few weeks after your last post (12/22/2019). I hope you are staying warm living under the bridge by the river.
Gentlemen prefer Engelhard.

Don't let Apple turn 2020 into 1984.
https://tinyurl.com/y4hdgd7a

If Steve Jobs was still alive, he would have fired Tim Cook 2 years ago.

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Sat Feb 08, 2020

Bucketeer wrote:
tdtwedt wrote:Bitcoin below 7K again.
:pop:



Bitcoin is $9760, only a few weeks after your last post (12/22/2019). I hope you are staying warm living under the bridge by the river.


Bitcoin is hitting $30,000 before the end of 2021 baby!

this is not financial advice
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Silversaving
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Re: Bitcoins - fad or trend?

Postby Silversaving » Sat Feb 08, 2020

SilverDoge wrote:Bitcoin is hitting $30,000 before the end of 2021 baby!

this is not financial advice


Hope so, I got a second trezor and put 1 btc on it for my newborn. Hopefully it's still worth something in 18 years when he gets the box of "hopes and dreams" I packed up for him to give him something to start out.
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grantwoodisgold
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Re: Bitcoins - fad or trend?

Postby grantwoodisgold » Sun Feb 09, 2020

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:kitty:
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Sun Feb 09, 2020

Silversaving wrote:
SilverDoge wrote:Bitcoin is hitting $30,000 before the end of 2021 baby!

this is not financial advice


Hope so, I got a second trezor and put 1 btc on it for my newborn. Hopefully it's still worth something in 18 years when he gets the box of "hopes and dreams" I packed up for him to give him something to start out.


Keep that Trezor software updated! Bravo for the little one.
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Sun Feb 09, 2020

"In two years, nobody will speak about Bitcoin anymore" - circa 2017 from an AltCoin founder

I've become more of a bitcoin maximalist as the 2018 bear market exposed a lot of the frauds, scams, and projects that were legit but ran out of funds or energy, or ideas that were good but lacked adoption. Some of these will still succeed, but I'm happy parking the vast majority of my crypto holdings in the original actual decentralized crypto: Bitcoin.

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