Bitcoin

**travajante** · December 13th, 2017 12:03 PM

Originally Posted by tr1ck5h07

The best advice in crypto is don’t put in money you can’t afford to lose.

Sent from my iPhone using Tapatalk

^THIS!!![emoji106]

Sent from my SM-G950F using Tapatalk

**uls** · December 13th, 2017 12:16 PM

think of bitcoin as any other asset

like stocks, real estate etc

you're buying it coz you think the price will go up

everybody's in it for capital gains

like i said, for now, it's a speculative asset

it's not a currency

it's not a currency until your grandmother is buying groceries with it

**shadow** · December 13th, 2017 12:17 PM

Originally Posted by tr1ck5h07

Crypto will make forex so much easier. I will no longer need to go to a bank, wait in line to convert my peso to whatever currency I need when going on a trip.

Sent from my iPhone using Tapatalk

You can just call your branch manager in the morning and order the currency and amount then get it in the afternoon.

Alam ni uls yan na ganyan ang procedure sa Binondo banks. [emoji5]

Sent from my iPhone using Tapatalk

**tr1ck5h07** · December 13th, 2017 12:41 PM

Originally Posted by shadow

You can just call your branch manager in the morning and order the currency and amount then get it in the afternoon.

Alam ni uls yan na ganyan ang procedure sa Binondo banks. [emoji5]

Sent from my iPhone using Tapatalk

True. But crypto can cut out the bank as a middle man.

Sent from my iPhone using Tapatalk

**shadow** · December 13th, 2017 01:19 PM

Originally Posted by tr1ck5h07

True. But crypto can cut out the bank as a middle man.

Sent from my iPhone using Tapatalk

Hinde dumadaan sa bank. [emoji6]

Sent from my iPhone using Tapatalk

**uls** · December 13th, 2017 05:13 PM

Twitter

$11,000 - $12,000: 6 days
$12,000 - $13,000: 17 hours
$13,000 - $14,000: 4 hours
$14,000 - $15,000: 10 hours
$15,000 - $16,000: 5 hours
$16,000 - $17,000: 2 hours
$17,000 - $18,000: 30 minutes
$18,000 - $19,000: 3 minutes

though btc price is around all time high right now, the price has stalled

those thousand-dollar rallies we saw last week didn't carry over to this week

quite a coincidence coz futures trading started sunday

seems like futures trading has tamed bitcoin

for now

**Verbl Kint** · December 13th, 2017 05:23 PM

The charts show that when the price stalls after a dip, it typically rallies upwards. The correction doesn't follow the same pattern tho, as it typically follows an Elliot Wave, where a clear apex is seen.

Not an expert here but just noting observations.

Sent from my SM-G955F using Tapatalk

**uls** · December 13th, 2017 05:33 PM

considering how fast bitcoin can rally $1000 (days --> hours --> minutes) it's been 3 days and we haven't seen $20,000

that's an eternity

**uls** · December 13th, 2017 06:21 PM

price of bitcoin futures is 1000+ dollars more than the actual price of bitcoin (spot)

a gap that big doesn't usually happen in the futures market

coz it's a screaming arbitrage opportunity

traders would pile in

buy the underlying asset and sell futures to profit from the gap

as more traders do the same, the gap closes

but it's not happening in bitcoin

seems traders are reluctant

why?

something's holding them back