TheBanker
Short

BTCUSD ~$100 #moneylong

BITSTAMP:BTCUSD   Bitcoin / Dollar
Traders,

The stage is set.

no mass adoption... no B2B transaction capabilities.... no proprietary moats.... incoming competing coins

all = lower btc price

Likes and comments always appreciated thanks guys.

#moneylong

http://www.tradingsignalreviews.com

//no mass adoption... no B2B transaction capabilities.... no proprietary moats.... incoming competing coins

I have seen pretty the same talk in 2013 and...2014 and 2015...and 2016 if i remember correctly :)
+7 Reply
thanks for ur comment
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but the btc has: a strong foundation in the online black market, a decrease in available btcs ahead because of programmed mining shortages, a growth in users (because the amount of digital natives rises), and btc is a new crisis investment besides gold etc.
+1 Reply
This x1,000. TheBanker, like most others, is focusing on the wrong segment. Bitcoin is the ONLY cryptocurrency with actual economic use and that is the DarkNet Market. Bitcoin DNM volume has been constantly increasing while altcoin use remains insignificant. The only economic use case for altcoins has been to gamble with bitcoins.
+2 Reply
TheBanker MashuriClark
let the chart do the talking
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JPariz TheBanker
whatever
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I'm sorry but isnt "let the chart do the talking" completely contradictory to the way you do things? You seem to be a fundamentals kinda guy. I know this is 2 months old XD much respect for you over all but in this case you are wrong (and from what I've seen an ETH supporter which would explain your dim outlook on BTC)
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TheBanker whenmunkysfly
ha, touché sir - below 700 i'm hugely bearish on this and remain this way given the doomy outlook. actually i believe all crypto is garbage, ether offers the most opportunity with b2b capabilities, fortunately for you btc will continue to be around for likely decades to come, priced below 100 that is
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I've been in BTC from $12 so the market no longer scares me. I dont see $100 ever being a solid price for btc but only time will time ;)
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TheBanker whenmunkysfly
hats off for the hold, i wont tell you to run with your profits... let the chart do the talking eh!? :)
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MashuriClark TheBanker
@TheBanker, REKT

Have you reconsidered your (lack of) knowledge regarding this sector?
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You also have to keep in mind the inflation rate has changed drastically, it's currently at 11.5 new bitcoins every ten minutes instead of the 25 it was a few months ago. That works out to 1,656 a day or $960,480 just to sustain the network and current prices. The last time it was that low was the middle of 2015 when prices were at $290. You can see a chart of this here: https://blockchain.info/charts/miners-revenue?timespan=all

With the Bitcoin backed ETI just starting to be traded and the GBTC trust still trading around $1000 per bitcoin (~$100 for .1), it's quickly becoming very accessible to many more funds. Add in the fact that it's not really correlated with anything else and the current market cap is less than $10 billion dollars, and you start to see the potential it has to start appreciating very quickly.
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Brexit brought in new investors who had the kind of money that drove large volumes. BTC price shot up. Mainstream media reported "Bitcoin good as gold" and even "Bitcoin better than gold". But the huge BTC price drop at the first post-Brexit Bitfinex freeze quickly disillusioned that new market. The next huge BTC price drop, linked by the media to the Bitfinex hack, was like the last nail in the coffin. Now, people with the kind of money that drives the volume chart up who are looking for safe havens will go to silver and gold, not to Bitcoin. The perceived risk/reward is too great, especially at current BTC prices. The market won't entertain the perceived risk, not until BTC prices drop way back to pre-Brexit levels. BTC price may still creep up, but it will be on thin volume and old players. We won't see the moon until price first drops and stays low. Until then, Bitcoin will be good only for day trade scalps and as a hedge against hyperinflation in already failed economies.
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Agreed, I'm on the Eth or bust train at this point.
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look at this video man, so you can have a better informed perception about adoption of bitcoin: https://www.youtube.com/watch?v=4COw6K-qrK8
+1 Reply
TheBanker esnake316
thanks for sharing, 1 video will not change my mind sorry to disappoint
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Almost all other "competing coins" are still being bought with BTC only. So BTC still the entrance coin to all the other "competing coins".
Still space for a lot of speculation, without the eventual crisis that will break in any of the markets where bitcoin has strong presence already - while "competing coins" have even less adoption.
+1 Reply
How much money you got on this short?
+1 Reply
Oh, the banker's short has been stopped. He may start buying after all.
+1 Reply
rekt
+1 Reply
lu lu lu lu LOLOLOLLLLOLOLOLOLOLLLLOLO
+1 Reply
Amateur
+2 Reply
Rekt
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its a Zimbabwean bank.. use to being rekt.. luloool
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OUCH... ... you should change your name to the ANALOG BANKER.

Good Luck

#noclue #noprofits
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snapshot
Good call! Didn't think it would actually do it
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@Haus_, REKT
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Such a good chart! I have never seen such impeccable trading. Changed my life <3
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