Bitcoin

[tr1ck5h07]

I love how btc is shaking up the industry and banks are now scrambling to either get with the program or defaming it as just a fad.





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[Verbl Kint]

Agreed. There's a lot of FUD being spread around.

[dreamur]

Think pyramid - there is no real product that drives the price. It is purely based on speculation that more and more people (downline) will join the craze.

Think money laundering - who would like to put a large sum into the system that cannot be traced or regulated?

My 2 centavos bitcoin.

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[tr1ck5h07]

The transactions are actually quite traceable as everything is recorded on the blockchain. What challenges law enforcement is the anonymity factor of those involved in the transaction.

So forensics are now looking into better ways to catch criminals using cryptocurrencies. Even the admin of Silk Road was eventually caught through his IP address.


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[tr1ck5h07]

Ethereum is up 20% with the announcemeny of a collab project by UBS, Barclays, Credit Suisse, KBC, SIX and Thomson Reuters.

Crypto is looking up.


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[Calistro]

That's nice. Looks like it will be some time before the hype dies down and cryptos stabilize.

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[uls]

cryptos are all jockeying for position to become the currency of the future

in the future everybody's gonna pay for goods and services and get paid salaries with some kind of crypto but nobody knows which one yet

[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.


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[shadow]

Think pyramid - there is no real product that drives the price. It is purely based on speculation that more and more people (downline) will join the craze.

Think money laundering - who would like to put a large sum into the system that cannot be traced or regulated?

My 2 centavos bitcoin.

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This is my point. Parang puro hangin lang usapan.

I'm asking because my HS barkadas are planning to pool our money to invest on this.

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[tr1ck5h07]

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


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[travajante]

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


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^THIS!!![emoji106]

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[uls]

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]

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.


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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]


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[tr1ck5h07]

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]


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


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[shadow]

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


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Hinde dumadaan sa bank. [emoji6]


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[uls]

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]

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.

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[uls]

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]

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

[Hatredcopter]

regret not having invested money on bitcoin