Thread: Money Bitcoin Take?
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Old 01-05-2018, 10:39 PM   #1191
Taco John Taco John is offline
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Join Date: Jun 2001
Casino cash: $617937
Quote:
Originally Posted by BossChief View Post
Cointelegraph said to buy once it went to 15.5 and I didn’t get a chance to check it today till it was a little over 16k...of course coinbase buys have been disabled and it’s about 17250 now.

It’s gonna shoot all the way to 23-25k
And then it will drop back down to 17k before shooting back up to new support levels. Bitcoiners take profit and move it into alts. Then they abandon alt positions when they see bitcoin start to move and I get to buy new alt coins on sale.

I started with a $2.5k position, and have grown it to almost 10x that. I rode the bitcoin wave from $5700 to $19k, and then sold. I haven't stocked it since. It's too expensive, too slow, too many scaling problems. It's great as a 1.0 blockchain currency, and original geeks will clutch it to their graves, but it's not the future any more than Lycos was the future of search engines.
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