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BIT COIN (S)

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A talking head just admitted on cnbc that Bitcoin supply was a problem. Because it forces market makers to push the market as high as possible to "shake out more coins". But that's not happening. People aren't taking profits like they expected. He's worried that they'll have to push the Bitcoin market cap to $1T first before they start to see more supply hit the exchanges.

hilarious. They can't just call up someone and whip up more stock shares (like they do when other equities launch!). He basically just revealed what everyone has been suspecting for a long time now, that the U.S. stock market is a complete fraud that only enriches the wealthy elites.
 
Can't wait for the entire world to go "nah, your bitcoins are as valid a currency as panini stickers".

All these absolute melts who spend every second of their spare time telling people "you should have invested like me" will be fewming.

You sound quite fewming yourself.

As long as people give it value and you can both trade and buy stuff with it, how can anyone just turn around and say it isn't valid? Banks have been saying that since it cost $30 a coin.

There are businesses and transactions that only take bitcoin. Institutional money has still not really hit it.

Whether bitcoin is still around in 5 years is anyone's guess, but digital currency has endless merit.
 
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You sound quite fewming yourself.

As long as people give it value and you can both trade and buy stuff with it, how can anyone just turn around and say it isn't valid? Banks have been saying that since it cost $30 a coin.

There are businesses and transactions that only take bitcoin. Institutional money has still not really hit it.

Whether bitcoin is still around in 5 years is anyone's guess, but digital currency has endless merit.

It's for goths
 

Fair play to anyone making real money out of this thing, but I do hope for their sakes that they get out at the optimal time.

Because regardless of your view on it long term... that thing right now is a very obvious bubble waiting to pop.
 
Fair play to anyone making real money out of this thing, but I do hope for their sakes that they get out at the optimal time.

Because regardless of your view on it long term... that thing right now is a very obvious bubble waiting to pop.

That was said when Bitcoin was $100, $1000 and $10,000. No doubt that it's a bubble in the long term, but I think you're wrong to call tops on it right now. It'll see a few corrections but it has a long way to go yet.
 

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