Is Bitcoin’s monster rally over for now?

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sashimaal
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Bitcoin’s Price Crashes Over $400 in a Matter of Hours

Postby sashimaal » Tue Jun 13, 2017 6:06 pm

Bitcoin’s Price Crashes Over $400 in a Matter of Hours

https://themerkle.com/bitcoins-price-cr ... -of-hours/
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Re: Bitcoin’s Price Crashes Over $400 in a Matter of Hours

Postby topcat » Tue Jun 13, 2017 6:07 pm

sashimaal wrote:Bitcoin’s Price Crashes Over $400 in a Matter of Hours

https://themerkle.com/bitcoins-price-cr ... -of-hours/

:-ss :-ss
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Re: Is Bitcoin’s monster rally over for now?

Postby Investor from 1985 » Tue Jun 13, 2017 9:53 pm

:)) :)) :))

These movements are usually happening in forex markets,

Bitcoin/Ethereum or other Crypto's they got much bigger waves than forex because of the nature of concepts and the Blockchains. Eventually its supply and demands has gone crazy, my belief BITCOIN's globle acceptences for transactions was the one of the main reason behind this demand.

I guess nothing is fool proof.

F E A R
has 2 meanings
Forget everything and run or,
Face everything and rise.

The Choice is Yours
( These type of stuff not suits at all for CSE investors , I knew it because I do forex & Crypto's for long time ) :-!
Please note that I do not resides in Sri Lanka
If you can stay positive in a negative situation you WIN. $-)

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Re: Is Bitcoin’s monster rally over for now?

Postby topcat » Tue Jun 13, 2017 10:08 pm

Thnks IF for great advices
"Keep winners, Sell loosers"

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Re: Is Bitcoin’s monster rally over for now?

Postby voight » Thu Jun 22, 2017 1:07 am


Indian Regulators May Soon Compromise On Virtual Currency

Indian regulators from the newly formed virtual currency committee will meet to discuss the fate of virtual currencies within the week.

Ever since their initial influence on the Indian market was publicized in December 2013, virtual currencies have been a hot topic of persistent debate within the country. As a result, Indian regulators have struggled to come to a resolution about the technology. This has led to repeated denouncements of virtual currency use by the Reserve Bank of India (RBI), but it finally appears that Indian regulators are getting closer to reaching a crypto compromise.

According to news publication DNA India, key members of the fledgling virtual currency committee will hold a meeting within the week to discuss the future of its regulation. In attendance will be a number of prominent figures from the committee, including vice chairman of Niti Aayog Arvind Panagariya, RBI governor Urjit Patel, Indian Securities Exchange Board chairman Ajay Tyagi, and others. The publication reports that the meeting, which was originally scheduled for Monday, will revolve around various topics regarding virtual currency use within the country, such as consumer protection and money laundering.

The meeting follows the announcement of a consensus issued by the Indian Ministry of Finance that sought opinions from the public concerning the future of virtual currencies on the citizen engagement platform MyGov. The panel was open for discussion until May 31, 2017.
No tree grows to the sky :-?

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Re: Is Bitcoin’s monster rally over for now?

Postby sashimaal » Thu Jun 22, 2017 7:30 am

From what i heard, BItcoin is now legal in India. With India's demonatization policy, cryptocurrencies have gained interest.

This (+ Asian region) was one of the main reasons for the recent run/s.

At the moment, Bitcoin and cryptocurrencies are HIGHLY risky.
Other than for trading, AVOID !
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Re: Is Bitcoin’s monster rally over for now?

Postby voight » Thu Jun 22, 2017 9:07 am

Agreed Sash. Its a big bubble right now
No tree grows to the sky :-?

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Re: Is Bitcoin’s monster rally over for now?

Postby topcat » Thu Jun 22, 2017 9:11 am

In sri lanka we can't directly buy crypto. So I give up my idea till the platform is introduced to sri lanka
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Re: Is Bitcoin’s monster rally over for now?

Postby sashimaal » Thu Jun 22, 2017 9:17 am

Hope the words AVOID was clear !


topcat wrote:In sri lanka we can't directly buy crypto. So I give up my idea till the platform is introduced to sri lanka
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Re: Is Bitcoin’s monster rally over for now?

Postby voight » Thu Jun 22, 2017 9:18 am

topcat wrote:In sri lanka we can't directly buy crypto. So I give up my idea till the platform is introduced to sri lanka


yep. better to avoid until the market cooloff
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Re: Is Bitcoin’s monster rally over for now?

Postby topcat » Thu Jun 22, 2017 9:19 am

sashimaal wrote:Hope the words AVOID was clear !


topcat wrote:In sri lanka we can't directly buy crypto. So I give up my idea till the platform is introduced to sri lanka

I think only bitcoin is too heated. But there are lot of other currencies still not too hot.
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Re: Is Bitcoin’s monster rally over for now?

Postby sashimaal » Thu Jun 22, 2017 9:21 am

Ok, learn the hard way


topcat wrote:
sashimaal wrote:Hope the words AVOID was clear !


topcat wrote:In sri lanka we can't directly buy crypto. So I give up my idea till the platform is introduced to sri lanka

I think only bitcoin is too heated. But there are lot of other currencies still not too hot.
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Re: Is Bitcoin’s monster rally over for now?

Postby topcat » Thu Jun 22, 2017 9:22 am

sashimaal wrote:Ok, learn the hard way


topcat wrote:
sashimaal wrote:Hope the words AVOID was clear !


topcat wrote:In sri lanka we can't directly buy crypto. So I give up my idea till the platform is introduced to sri lanka

I think only bitcoin is too heated. But there are lot of other currencies still not too hot.

:D
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Re: Is Bitcoin’s monster rally over for now?

Postby sashimaal » Mon Jun 26, 2017 9:35 pm

"Knowledge is being aware of what you can do. Wisdom is knowing when not to do it" - Brian Tracy

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Re: Is Bitcoin’s monster rally over for now?

Postby voight » Mon Jun 26, 2017 11:09 pm

Its happening :!!
No tree grows to the sky :-?

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Re: Is Bitcoin’s monster rally over for now?

Postby sashimaal » Mon Jun 26, 2017 11:13 pm

viewtopic.php?f=3&t=4348#p46534

voight wrote:Its happening :!!
"Knowledge is being aware of what you can do. Wisdom is knowing when not to do it" - Brian Tracy

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Re: Is Bitcoin’s monster rally over for now?

Postby voight » Mon Jun 26, 2017 11:20 pm

I'm glad that I am not part of it
No tree grows to the sky :-?

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Re: Is Bitcoin’s monster rally over for now?

Postby topcat » Tue Jun 27, 2017 7:37 am

voight wrote:I'm glad that I am not part of it

Me too :D
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Re: Is Bitcoin’s monster rally over for now?

Postby Investor from 1985 » Tue Jun 27, 2017 12:30 pm

topcat wrote:
voight wrote:I'm glad that I am not part of it

Me too :D


There was a time after I sold JKH @ 242/- I had same feeling's. But it changed later when it was trading at 137/-,

Measuring height of mountains from top can't be that difficult. Unfortunately Bitcoin miner's always do it another way which gives different feeling on future etc .... bitcoin history give us clear picture,I guess...
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Re: Is Bitcoin’s monster rally over for now?

Postby voight » Sun Jul 09, 2017 8:11 am

No tree grows to the sky :-?

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Re: Is Bitcoin’s monster rally over for now?

Postby voight » Wed Jul 19, 2017 2:22 pm

No tree grows to the sky :-?

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Bitcoin breaks through $3,500 to hit fresh record high, now up 264% this year

Postby sashimaal » Fri Aug 11, 2017 6:44 pm

Bitcoin broke through the $3,500 mark for the first time on Tuesday hitting a fresh record high as uncertainty over the future of the cryptocurrency subsided.

The digital currency hit an-all time high of $3,525.04 before pulling back to around $3,481 early on Tuesday.

Bitcoin's record high marks a 264 percent year-to-date rise and comes after months of infighting in the cryptocurrency world.

Within the bitcoin community, a so-called "scaling debate" has been going on. There is a big backlog of transactions on the bitcoin blockchain — the technology that underpins the cryptocurrency.

The debate was over the way in which the capacity of the blockchain could be increased to speed up the capability of the bitcoin network. Major infighting within the community took place which led to two separate proposals on how to expand the blockchain.

Because of the two separate proposals, a "fork" took place which split the blockchain at the end of July. A new digital currency called Bitcoin Cash was created. Bitcoin Cash's market cap is just under a tenth of bitcoin's.

The majority of the community backed a software upgrade called BIP 91, which would introduce something known as SegWit2X to the blockchain. SegWit is short for "segregated witness" which would move some of the data outside the main bitcoin network to increase its capacity. This was received negatively by some miners because it would lead to fewer fees for them.

But miners have accepted the BIP 91 proposal which would increase the block size and the SegWit is set to be implemented today.

"Segwit activates this afternoon and there is a lot of hope that the network will unclog with lower transaction fees becoming the new normal," Charles Hayter, CEO of London-based digital currency data firm CryptoCompare, told CNBC by email.

"The SegWit activation opens up projects that bring some capability to the bitcoin network. Instead of bitcoin being held back by infighting, it is now blue skies of opportunity in what can be built."

Once the SegWit is locked in on Tuesday, there will be a two-week grace period to allow miners to upgrade their software. But the feeling is that the worst of the fighting is over.

At the same time, more regulators are continuing to make positive noises around the digital currency. In Switzerland for example, the financial market regulator gave Zurich-based Falcon Private Bank the green light on managing assets based on the blockchain technology behind bitcoin and other digital currencies.

All of these factors are likely to push the price of bitcoin higher this year, experts said.

"Given the technology's move towards scalability, more institutional investors are now considering to allocate funds to bitcoin, which may be exciting the market," Aurelien Menant, CEO of the Gatecoin cryptocurrency exchange, told CNBC by email on Tuesday.


https://www.cnbc.com/2017/08/08/bitcoin ... -high.html
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Re: Is Bitcoin’s monster rally over for now?

Postby sashimaal » Mon Aug 14, 2017 7:41 pm

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Re: Is Bitcoin’s monster rally over for now?

Postby Investor from 1985 » Mon Oct 09, 2017 1:25 pm

Hope topcat not following Bitcoin to usd price :))



Investor from 1985 wrote:
topcat wrote:can someone illustrate how to trade with bitcoin? Anyone doing this in the forum?



Top cat, It's not good idea if you are base on Sri Lanka, because I'm not sure whether it's legal over there. Also Bitcoin is on Panic mode these days. People invested 3-10$ few years back. Its around 2750$+ now.
Expected to go up to 5000$ are you willing to take that risk..? or take risk on CSE :))
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Re: Is Bitcoin’s monster rally over for now?

Postby topcat » Mon Oct 09, 2017 3:31 pm

i didn't buy IF. Thanks for your warnings pal
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