The Bitcoin Thread

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Luno is going to fall short if they don't extend their exchange range soon.

I don't consider BCH and ETH altcoins anymore.
 
What is the general strategy for you? I'm rather new to this - alot of people on the trollboxes say withdraw all your crypto before 24h00 every night. As this is apparently when Hong Kong wakes up and dumps to net their profits. I looked at some charts but could not find any correlation. Thats probably why it's called a trollbox...
 
I am leaving mine as is in btc for now. If I loose I loose. Using this as a learning curve as also a noob. I dont see a point in puling out every day and re buying the following day. Surley.the fees are goin tobeat up the profits.I am probably wrong as I am new to.all this.
 
kallie_marie said:
What is the general strategy for you? I'm rather new to this - alot of people on the trollboxes say withdraw all your crypto before 24h00 every night. As this is apparently when Hong Kong wakes up and dumps to net their profits. I looked at some charts but could not find any correlation. Thats probably why it's called a trollbox...
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They can only dump for profits if the price goes up.
 
24hr volume of BCH in USD is almost double that of BTC. There is clearly a massive amount of new money somehow going into BCH. If it was a straight displacement from one to the other the volumes would not be so divergent. Interestingly, when you combine the value of 1 BTC + 1 BCH is quite stable in the $7.6-7.7k range.
 
garp said:
24hr volume of BCH in USD is almost double that of BTC. There is clearly a massive amount of new money somehow going into BCH. If it was a straight displacement from one to the other the volumes would not be so divergent. Interestingly, when you combine the value of 1 BTC + 1 BCH is quite stable in the $7.6-7.7k range.
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BTC transactions have stalled. Inefficiencies biting it now. It's just not able to keep up.

static_sa said:
Can this coin crash already
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It wants to but ironically it can't because of the inefficiencies of BTC transactions lol.
 
garp said:
24hr volume of BCH in USD is almost double that of BTC. There is clearly a massive amount of new money somehow going into BCH. If it was a straight displacement from one to the other the volumes would not be so divergent. Interestingly, when you combine the value of 1 BTC + 1 BCH is quite stable in the $7.6-7.7k range.
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This site shows the volumes and whether it was dollars or BTC that was converted to BCH:

https://coinmarketcap.com/exchanges/volume/24-hour/all/

Looks like there was some big investments into BCH today. Not much came from BTC.
 
I also think it's a sign that miners are switching to BCH. It's more profitable, thus BTC transactions will be in limbo far longer than usual (which is already long).
 
It's already peaked at $2k on Bittrex
 
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Awesum said:
It's already peaked at $2k on Bittrex
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LOL... for bio if he lurks.

Bubbles.gif
 
Sabre Wulf said:
LOL... for bio if he lurks.

Bubbles.gif
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If Bitcoin drops to $4000, was it a bubble?

I doubt it's going to recover this time. Previously when Bitcoin crashed, people used to sell and then buy back in which made it recover to previous levels. That is because there were no other options apart from small currencies with low volumes. Now there is BCH taking a piece out of Bitcoin and it has a good market cap with a lot of trading/noise going on. So unless BCH crashes, many people will not reinvest in Bitcoin which means it will take months if ever to get back to $7k.
 
SaiyanZ said:
If Bitcoin drops to $4000, was it a bubble?

I doubt it's going to recover this time. Previously when Bitcoin crashed, people used to sell and then buy back in which made it recover to previous levels. That is because there were no other options apart from small currencies with low volumes. Now there is BCH taking a piece out of Bitcoin and it has a good market cap with a lot of trading/noise going on. So unless BCH crashes, many people will not reinvest in Bitcoin which means it will take months if ever to get back to $7k.
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Is it relevant if you sold and bought the next bubble? :D
Or is it relevant if BCH becomes the new BTC?
 
Sabre Wulf said:
Is it relevant if you sold and bought the next bubble? :D
Or is it relevant if BCH becomes the new BTC?
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It is if many get burned and never return. How many would have sold for more than they bought with the price only going down?

Also what's to stop BCH splitting in a few months, giving offspring to a new coin which makes it crash just like now? It's like a neverending cycle which is a bad thing for cryptocurrency since if people are unsure of where to put their money, they won't put anything down at all.
 
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