Author Topic: Bitcoin and Altcoins  (Read 5559 times)

YenPounder

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Re: Bitcoin and Altcoins
« Reply #45 on: November 05, 2020, 09:06:08 PM »
(I can't follow your link, its flagged as unsafe)

Thanks for the heads up. For some reason this forum website converts my link which was for Market Watch into something called markeTwitch.

Perhaps this forum does not allow links to that site directly.

Below is the ending for the URL. Try copying and pasting that into your browser after Market Watch DOT Com to see the article.

/story/somebody-may-have-just-gotten-away-with-stealing-1-billion-11604592280
« Last Edit: November 05, 2020, 09:09:47 PM by YenPounder »

Caesar

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Re: Bitcoin and Altcoins
« Reply #46 on: November 05, 2020, 10:19:26 PM »
There shouldn't have been a problem, maybe just autocorrect playing up.
Anyhow, got there in the end, thanks
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eddieb

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Re: Bitcoin and Altcoins
« Reply #47 on: November 26, 2020, 03:19:36 PM »
After hitting highs of $20k yesterday, Bitcoin has dropped 12% today and is sitting at $17,233.
How much of this years rise is down to the 4-yearly halvening is anybodies guess, but this cycle does seem to repeat 2016 and if it continues the same way price could head towards or beyond $10k
Not one for the faint-hearted
Disclaimer. Posts are just my thoughts,  not recommendations.  Do your own due diligence before trading

PipMeHappy

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Re: Bitcoin and Altcoins
« Reply #48 on: November 27, 2020, 08:02:20 AM »
Caught about 2500 pips and as it seemed to be stalling
 I closed. the trade - I will leave it atthat for now.


eddieb

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Re: Bitcoin and Altcoins
« Reply #49 on: November 27, 2020, 09:57:17 AM »
I think there could be a fair bit of action here over the next few months
Disclaimer. Posts are just my thoughts,  not recommendations.  Do your own due diligence before trading

PipMeHappy

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Re: Bitcoin and Altcoins
« Reply #50 on: November 29, 2020, 11:49:23 PM »
BTC/USD up 13000 pipsin the last hour...

What a way to start thetrading week!


eddieb

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Re: Bitcoin and Altcoins
« Reply #51 on: November 30, 2020, 08:51:48 PM »
Good trade you grabbed there PMH.
I am hoping bitcoin will fall back, thats what happened last time it shot up like this.
I know the game has changed slightly since then, but I still feel this is too frothy.
I suppose we just have to wait and see. One thing for certain, there aren't many dull days when you trade Bitcoin
Disclaimer. Posts are just my thoughts,  not recommendations.  Do your own due diligence before trading

Caesar

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Re: Bitcoin and Altcoins
« Reply #52 on: November 30, 2020, 09:17:03 PM »
Did any of you know that PayPal now sell Bitcoin? This was news to me

Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago.

Read the whole article here
https://news.bitcoin.com/paypal-bought-70-of-all-newly-mined-bitcoin-last-month-as-demand-rockets/
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eddieb

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Re: Bitcoin and Altcoins
« Reply #53 on: November 30, 2020, 09:46:05 PM »
Did any of you know that PayPal now sell Bitcoin?
Yes, and its possibly partly why the price has shot up this month.

Is it a good idea? Not convinced yet.
Disclaimer. Posts are just my thoughts,  not recommendations.  Do your own due diligence before trading

krugman25

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Re: Bitcoin and Altcoins
« Reply #54 on: December 02, 2020, 03:08:47 PM »
More major crypto news to hit the wire: Visa Partners With Ethereum Digital Dollar Startup.  I can't wait for this to be a thing.  When I close a position I almost always move my capital into USDC.  It would be really nice to be able to just use that USDC directly at retailers without needing to first convert it to USD and move it into my bank account.  I am sure this will require having the USDC on a centralized exchange like Coinbase, but it would be even better if we could do this while keep our money on-chain and in our own custody.

https://www.forbes.com/sites/michaeldelcastillo/2020/12/02/visa-partners-with-ethereum-digital-dollar-startup-that-raised-271-million/?sh=423b0c414b1f

PipMeHappy

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Re: Bitcoin and Altcoins
« Reply #55 on: December 02, 2020, 07:29:34 PM »
@krugman25  interesting...

There are rumours of a Coinbase IPO in 2021: could
this mean anything for cryptos?

krugman25

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Re: Bitcoin and Altcoins
« Reply #56 on: December 02, 2020, 07:59:00 PM »
@krugman25  interesting...

There are rumours of a Coinbase IPO in 2021: could
this mean anything for cryptos?

I think it will be really bullish for DeFi coin prices tbh.  For example, Uniswap now does more than double the daily trading volume of Coinbase (see https://www.coindesk.com/defi-flippening-uniswap-topples-coinbase-trading-volume).  As a matter of fact Uniswap collects more fees per day than the entire Bitcoin network (see https://twitter.com/JohnTodaro1/status/1331033818581569536?s=20).  Uniswap's current market cap is 800 million.  How I think the Coinbase IPO could help Uniswap and other DeFi protocols token prices are by creating a market cap reference point for a very similar product.  If Coinbase IPO's for $50B and Uniswap is valued at $5B at the time then it could cause some upward pressure on UNI's token price over time.  Especially if Uniswap's trading volumes are 2x or 3x higher than CB's and even more so if Uniswap starts transferring part of the trading fees to UNI token holders as profit sharing which some protocols have already started doing such as Harvest Finance and Yearn.

PipMeHappy

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Re: Bitcoin and Altcoins
« Reply #57 on: December 03, 2020, 09:18:23 AM »
Thanks, that is. a great post and I hope everyone is reading it because an IPO from one
of the founding companies of the whole venture capital commercialisation of early cryptocurrencies is the closest we have to fundamentals and a centralised volume dataset
for the sector. In fx for example there are currency futures and options, whicheven though do
not lead cash price and have a smaller share of its size at least offer a centralised volume and open interest dataset for reference when looking at support and resistance at key price levels, not to mention central bank actions and their measurable consequences in trading the spot charts. With cryptos there is little such centralised data and it does feel like throwing. darts into a dark whole...I am curious to see some of your videos and Learn something new.
« Last Edit: December 03, 2020, 09:20:32 AM by PipMeHappy »

eddieb

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Re: Bitcoin and Altcoins
« Reply #58 on: December 07, 2020, 01:34:13 PM »
The FCA are banning all retail clients fron trading Cryptocurrency CFD's from Jan 1st, 2021
Disclaimer. Posts are just my thoughts,  not recommendations.  Do your own due diligence before trading

PipMeHappy

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Re: Bitcoin and Altcoins
« Reply #59 on: December 07, 2020, 07:50:37 PM »
The FCA are banning all retail clients fron trading Cryptocurrency CFD's from Jan 1st, 2021

Seriously?I guess they are knocking this one on the head early
as there is plenty of evidence of scams. Smart
traders will find a way around the ban, I am sure.