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Bitcoins - fad or trend?

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

Postby Bucketeer » Thu May 07, 2020

Cointelegraph: Why I Am Cynically Bullish About the Bitcoin Halving.
https://cointelegraph.com/news/why-i-am-cynically-bullish-about-the-bitcoin-halving
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu May 07, 2020

Just FYI Here is Actual Proof that YouTube is Shadow Banning the word "Bitcoin" - Just in time for the 2020 Halving.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu May 07, 2020

Bucketeer wrote:Right now, Bitcoin seems to be acting in the way it was in Aug-Sept 2016, range-bound between high $500s and low $600s. The timeframe was about 4 months after the 2nd halening.


At 0430, Bitcoin was approx $9250. At 1030, it is over $9500. What happened to the $9300 & $9400 range?

Continuing from my comment above, I believe Bitcoin went from the high $700s to over $900 in less than 24 hours in October 2016.
Last edited by Bucketeer on Thu May 07, 2020, edited 1 time in total.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu May 07, 2020

Bloomberg: Paul Tudor Jones Buys Bitcoin, Says He’s Reminded of Gold in 70s.
https://www.bloomberg.com/news/articles/2020-05-07/paul-tudor-jones-buys-bitcoin-says-he-s-reminded-of-gold-in-70s
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu May 07, 2020

Cointelegraph: BTC Miners Expect Bitcoin Price to Surpass $12K After Reward Halving.
https://cointelegraph.com/news/btc-miners-expect-bitcoin-price-to-surpass-12k-after-reward-halving
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu May 07, 2020

Cointelegraph: Report: Square’s CashApp and Grayscale Consumed Over 50% of Bitcoin Mined Q1 2020.
https://cointelegraph.com/news/report-squares-cashapp-and-grayscale-consumed-over-50-of-bitcoin-mined-q1-202
Last edited by Bucketeer on Fri May 08, 2020, edited 3 times in total.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu May 07, 2020

Bitcoin.com: Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions.
https://news.bitcoin.com/iran-licenses-7-3-million-bitcoin-mining-enterprise-move-aimed-at-easing-u-s-sanctions/
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu May 07, 2020

Bucketeer wrote:
Bucketeer wrote:Right now, Bitcoin seems to be acting in the way it was in Aug-Sept 2016, range-bound between high $500s and low $600s. The timeframe was about 4 months after the 2nd halening.


At 0430, Bitcoin was approx $9250. At 1030, it is over $9500. What happened to the $9300 & $9400 range?

Continuing from my comment above, I believe Bitcoin went from the high $700s to over $900 in less than 24 hours in October 2016.


Less than 4 hours after posting this, Bitcoin is over $9800. Zoom-zoom :lol:
Last edited by Bucketeer on Thu May 07, 2020, edited 1 time in total.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu May 07, 2020

ZH: Paul Tudor Jones Buys Bitcoin As "Hedge Against Central-Bank Money Printing"
https://www.zerohedge.com/markets/paul-tudor-jones-buys-bitcoin-hedge-against-central-bank-money-printing

About Paul Tudor Jones: https://en.wikipedia.org/wiki/Paul_Tudor_Jones
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu May 07, 2020

Gentlemen prefer Engelhard.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu May 07, 2020

.
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BTC10K.jpg
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Thu May 07, 2020

Bucketeer wrote:.
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BTC10K.jpg


YES! The halving hype is real. Let's get this party started.
Image

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu May 07, 2020

SilverDoge wrote:
SilverDoge wrote:Plan B author predicted a $55k bitcoin price during the next bull cycle. He has updated it based on the stock to flow of bitcoin, gold, and silver to $288k. See here: https://medium.com/@100trillionUSD/bitc ... d260feed12


I think that the Stock to Flow theory is somewhat difficult for some people to understand. Here is some more information on the subject.

Medium: Modeling Bitcoin Value with Scarcity.
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Fri May 08, 2020

Decrypt: Blockstream launches phase 2 of its ‘Bitcoin space program’.

No Internet required.

https://decrypt.co/27699/blockstream-launches-phase-2-of-its-bitcoin-space-program?utm_source=reddit&utm_medium=social&utm_campaign=sm
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Fri May 08, 2020

Coin ATM Radar - Find a local Bitcoin ATM.

https://coinatmradar.com/bitcoin-atm-near-me/
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Fri May 08, 2020

Where the red arrow meets the blue circle.... You are here!

Bitcoin Halving.png
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Fri May 08, 2020

Bucketeer wrote:Cointelegraph: Report: Square’s CashApp and Grayscale Consumed Over 50% of Bitcoin Mined Q1 2020.
https://cointelegraph.com/news/report-squares-cashapp-and-grayscale-consumed-over-50-of-bitcoin-mined-q1-202

After further thought, if CashApp and Greyscale continue to make purchases at Q1 levels, these 2 companies will absorb 100% of new Bitcoin mined, and will have to go the open market to fill their quarterly shortages.

HODL ON - we may not see a significant crash for awhile.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Sat May 09, 2020

Gentlemen prefer Engelhard.

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texmex66
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Re: Bitcoins - fad or trend?

Postby texmex66 » Sat May 09, 2020

Bucketeer wrote:
Bucketeer wrote:Cointelegraph: Report: Square’s CashApp and Grayscale Consumed Over 50% of Bitcoin Mined Q1 2020.
https://cointelegraph.com/news/report-squares-cashapp-and-grayscale-consumed-over-50-of-bitcoin-mined-q1-202

After further thought, if CashApp and Greyscale continue to make purchases at Q1 levels, these 2 companies will absorb 100% of new Bitcoin mined, and will have to go the open market to fill their quarterly shortages.

HODL ON - we may not see a significant crash for awhile.


Does the recent $2k drop count? :pop:

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Sun May 10, 2020

texmex66 wrote:
Bucketeer wrote:
Bucketeer wrote:Cointelegraph: Report: Square’s CashApp and Grayscale Consumed Over 50% of Bitcoin Mined Q1 2020.
https://cointelegraph.com/news/report-squares-cashapp-and-grayscale-consumed-over-50-of-bitcoin-mined-q1-202

After further thought, if CashApp and Greyscale continue to make purchases at Q1 levels, these 2 companies will absorb 100% of new Bitcoin mined, and will have to go the open market to fill their quarterly shortages.

HODL ON - we may not see a significant crash for awhile.


Does the recent $2k drop count? :pop:


A 20% pullback in bitcoin isn't a crash. From $10k down to $8,100 and then settling at about $8,700 is just another Tuesday for bitcoin hodlers.
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