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Bitcoin Bull Market

by roadies
6 replies
A very interesting article on the current bitcoin market trends we are seeing. There is some rather large speculative, um, speculation going on. But there is also some conservative pundits also stating now is the time to buy. I couldn't agree more!

More cheerily, Pantera observes that bitcoin bull cycles have historically returned a whopping minimum of 3.3 times the capital invested.
Read the full article at Coindesk: Market Weekly: Bitcoin Bulls Return in Wake of BearWhale Slaying
#bitcoin #bull #market
  • Profile picture of the author Ghoster
    Scarcity is baked into the system, so unless they get shut down—possible—or people lose interest—not likely— value should rise steadily. That doesn't mean there won't be downtrends—there will be.
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    On the whole, you get what you pay for.

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    • Profile picture of the author rally2win
      I've been accumulating as much as my somewhat limited means would allow. This means getting BTC from
      1) Free sources which are pretty much drained by now.
      2) Small GPU-based mining rigs - which has unfortunately ground to a halt because of extreme competition)
      3) Some BTC mining coops which has better computing equipment but has diluted shares.

      Unless I had tens of thousands of dollars for software, rigs, or coops, accumulating BTC, for me, is a long and painful operation.

      Of course, there are myriads of wall street-based pundits and news outlets that will repudiate BTC as investment or currency. Claims of fraud, scams, bubbles, etc., characterize what naysayers are saying of this financial vehicle. But, they cannot undermine BTC potential as a viable alternative to or protection against fiat currency issues. BTC will be hard to ignore.
      R2W
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  • Profile picture of the author goindeep
    Think it will hit 1K again?
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    • Profile picture of the author rally2win
      Originally Posted by goindeep View Post

      Think it will hit 1K again?
      Well, that is the $64 question (or whatever one would think it's worth). It has hit $1K once. This is one of those "depends on whom you talk to" questions. Bitcoin is one of those flash-point subjects where there will be heated discussion about it from several angles. Are you part of the BTC-Bubble school, Wall Street, US Fed, or what? Lots of divergence in opinion here. I would like BTC to hit $1K again personally but can't afford delusion at this time.
      R2W
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  • Profile picture of the author pewpewpewmonkeys
    You guys are fools. Want to know where to put your money?..

    Dogecoin.

    Dogecoin is the smartest investment and you'll make so much money you'll never have to work again.


    /sarcasm.
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    Some cause-oriented hackers recently hacked one of my websites. So I researched what they're about and then donated a large sum of money to the entity they hate the most.

    The next time they hack one of my websites I'm going to donate DOUBLE.
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  • Profile picture of the author King Bruce
    The price of bitcoins has risen back up to 418 right now. With this current rate I will be making 4K when I cash out for this month.
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    The Free Bitcoin Group That Will Show you how to make $3K a month.
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