Bitcoin Thread

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John Tempus said:
Partially that but I think its mostly due to liquidity and trading volume. Luno is a fraction of a place like Binance and so spread will be way higher with higher base price that takes longer to adjust to international pricing.
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I think Luno also has generally more buyers than sellers which pushes up the price. Many traders just buy on Luno and transfer to other exchanges to trade. The only time they will ever sell on Luno is when they want to cash out but many never do because they either lose their BTC whilst trading elsewhere or they don't want to declare tax.
 
I have this eerie feeling we may see 13k soon :crying:
 
There's quite a number of levels to break above - But bitcoin may just surprise everyone. Will watch and see what happens.
 
phly said:
There's quite a number of levels to break above - But bitcoin may just surprise everyone. Will watch and see what happens.
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I do however believe this bump is alot of hype, lock down has made ppl look this way again oh well still good money to be made
 
Snyper564 said:
I do however believe this bump is alot of hype, lock down has made ppl look this way again oh well still good money to be made
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Yip. Bulls will make money and bears and will make money. It's only the pigs that will get slaughtered.
 
At what point does the halving hype die and the us market catch up with reality and everything just collapses into a ball of fire?
 
Superman-7 said:
At what point does the halving hype die and the us market catch up with reality and everything just collapses into a ball of fire?
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At this point everything is pure speculation, everyone is jumping on the hype train this is where you buy and sell quickly if you want to get it or make a quick buck. The hype/speculation will end after the halving happened should be back to normal within a few days to a week afterwards. However normal could def be a higher price it will just be more stable than this
 
Snyper564 said:
At this point everything is pure speculation, everyone is jumping on the hype train this is where you buy and sell quickly if you want to get it or make a quick buck. The hype/speculation will end after the halving happened should be back to normal within a few days to a week afterwards. However normal could def be a higher price it will just be more stable than this
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History shows a lower price after halvening is more likely for awhile. If the stock markets go lower expect crypto to follow...
 
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Damac10 said:
History shows a lower price after halvening is more likely for awhile. If the stock markets go lower expect crypto to follow...
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Lower price with more volatility would make my day.
 
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