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Foxx

Do You BitCoin?

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something just shot BTC out of a cannon. up 11% in a little over a half hour.

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Surprising since some of Bitcoins major customers were impacted by law passed yesterday.

The customers were already under pressure since they could not accept credit cards due to previous laws so let people pay using bitcoins.

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On 4/12/2018 at 4:53 AM, Foxx said:

something just shot BTC out of a cannon. up 11% in a little over a half hour.

 

It was declared uh, kosher, under Shariah law.    

  • Haha (+1) 1

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Late March early April was just depressing.  $300 ETH and sub $7,000 BTC was a real gut check and don't even want to talk about some of my Alts. I top ticked ADA, IOTA, and then went full tard into QSP and FUN.  If you've never heard of FUN, let me tell you its anything but. ZRX and EOS weathered the storm fairly well.  I took about a month long break from checking prices.

 

Now everything is back in the black. 

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i guess what i don't get is the whole futures (fakeshit) market. 

 

they sell these things like derivatives. they inflate the number of paper BTC and manipulate it's price. fact, there is only slightly more than 17million BTC currently in existence today with a total of only 21 million that will ever be in existence. these guys, for lack of a better descriptor, are going to sell 'x' times that amount of BTC in paper, something that is completely worthless, as all derivatives essentially are. derivatives are a banksters wet dream, they can't lose unless the whole house of cards collapses.

 

back in November of last year when word leaked that the Cboe and CME would be the first to begin futures trading, the price ran from $6.5 k to within a whisker of $20k in one months time. when they actually began selling the futures is when the bear market began and the consolidation phase kicked in. will something similiar happen again with the grandaddy of derivates announcing they are getting in? i don't know but i do know that their timing is pretty good. this consolidation/correction phase we just went through has formed solid support needed for just such another run, imo.  my distaste for derivatives aside, i do believe this next run up is going to be on an order of magnitude what the last one was.

 

your mileage may vary. your own due dilligence is required and absolutely needed before making any investments in any speculative instrument. this above are just my musings and not to be taken seriously.

 

word of note here, you don't own any BTC unless you own the private key to the wallet that the BTC is stored in.

Edited by Foxx

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the market free fall is something to see. BTC is in the $5k territory, ETH is approaching $400 and LTC has dropped 25% in the last ten days alone.

 

capitulation is at hand.

Edited by Foxx

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6 hours ago, Foxx said:

the market free fall is something to see. BTC is in the $5k territory, ETH is approaching $400 and LTC has dropped 25% in the last ten days alone.

 

capitulation is at hand.

Fox

 

I havent been keeping up and modestly continue to buy bitcoin when I get paid......still a good investment?

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24 minutes ago, John from Riverside said:

Fox

 

I havent been keeping up and modestly continue to buy bitcoin when I get paid......still a good investment?

John, i can't give you  financial advice. who knows where the market will go from today to tomorrow. personally, yes i still believe cryptos are the wave of the future and worth looking into. again please do not take my advice, your own due diligence is required. i was lucky in that i got into Bitcoin back in 2012 when it was $5 apeice. as such, regardless where it goes i have already won.

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7 minutes ago, Foxx said:

John, i can't give you  financial advice. who knows where the market will go from today to tomorrow. personally, yes i still believe cryptos are the wave of the future and worth looking into. again please do not take my advice, your own due diligence is required. i was lucky in that i got into Bitcoin back in 2012 when it was $5 apeice. as such, regardless where it goes i have already won.

Personal opinion will do...I wont hold you to it

 

Not putting more towards it then I can afford to lose......and its a long term thing for me.

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Bitcoin has  exploded over 10% higher today, obliterating its 50-day moving average. it is above $7000 for the first time since early June. it is also now testing its 100 day moving average, shooting up over $600 in 30 minutes.

 

stay tuned....

Edited by Foxx

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11 hours ago, /dev/null said:

 

Funny comment from this link.

 

“Can we please just change the name of Bitcoin to CrimeCoin already? That's the only thing it's good for.

 

Exactly. We could eliminate all but four coins, and use different ones for different specific purposes:
- Drug Coin
- Child Porn Coin
- Money Laundering Coin
- Ransomware Coin”

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54 minutes ago, Mr Info said:

 

Funny comment from this link.

 

“Can we please just change the name of Bitcoin to CrimeCoin already? That's the only thing it's good for.

 

Exactly. We could eliminate all but four coins, and use different ones for different specific purposes:
- Drug Coin
- Child Porn Coin
- Money Laundering Coin
- Ransomware Coin”

 

I had business dealings with an alternate currency in the early 2000s. I could never see any rationale for its use besides a few hippie communes and a lot of drug and human trafficking. 

 

Most of the people involved ended up indicted, though they were not personally involved in any of the darker crimes. 

 

Edited by BeginnersMind

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4 minutes ago, BeginnersMind said:

 

I had business dealings with an alternate currency in the early 2000s. I could never see any rationale for its use besides a few hippie communes and a lot of drug and human trafficking. 

 

Most of the people involved ended up indicted, though they were not personally involved in any of the darker crimes. 

 

MeadCoin would never be associated w/that kind of BS!

 

Okay, maybe illegal Stromboli trafficking. Hey, somebody has to supply the duty-free Italian mortadella & prosciutto and MeadCoin talks!

 

A few slogan:

 

"MeadCoin it's everywhere."

 

"When MeadCoin talks, everybody listens!

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hey @Foxx , any sense of where this stuff is headed?  I never did buy ant bitcoin, but own a smidge of ETH that is down 90% from its high!!!

 

Thinking of still buying some bitcoin, but wonder if it is the proverbial "catch a falling knife"

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