Thread: Gold & Bitcoin

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    Default Gold & Bitcoin

    Has anyone compared the monthly chart of Gold and Bitcoin these recent weeks?? They are moving toe-to-toe. Pretty impressive if you ask me. Ill upload a picture here soon to show what im seeing.
     

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    112.PNG113.PNG

    These two charts, we have on the left GOLD & the right Bitcoin. If you look closely, on the 19th of June there was a clear run up on BOTH charts. And before then a clear dip before the run. And they seem to still be following one another! What do ya think??
     

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    Im honestly hoping for a dip to 7k - 5k before a second run back to 14k. One can only have wishful thinking haaa
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    I hate when it ships when I'm trying to buy shit lol

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    I think it's too volatile at the moment (bitcoin). For myself, I'm not greedy. Once my stocks hit 2% above my cost, I sell. Sometimes it hits within the day sometimes it takes a few weeks.
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    Volatilty is what makes me money. Considering im a short term investor... the average movement daily is between 2-5% for BTC. Those gains do not exist for the avg. trader in the traditional stock market.
    I 100% believe Bitcoin will hit 20k again. Call me crazy, but in 2017 i was that crazy guy in the bar when it was 1k , 2k telling everyone that bitcoin was going to blast...... and now im that guy in the bar telling them i told ya and swole as fawk now !!

    Considering Samsung implemented a hardware wallet integrated in the Samsung S10 phone, as well as a partnetship with ENJ, and facebook was late to the party to be honest... the proof is in the pudding. This tech, as time passes, will only become more valuable.
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    Quote Originally Posted by Tuffie View Post
    Volatilty is what makes me money. Considering im a short term investor... the average movement daily is between 2-5% for BTC. Those gains do not exist for the avg. trader in the traditional stock market.
    I 100% believe Bitcoin will hit 20k again. Call me crazy, but in 2017 i was that crazy guy in the bar when it was 1k , 2k telling everyone that bitcoin was going to blast...... and now im that guy in the bar telling them i told ya and swole as fawk now !!

    Considering Samsung implemented a hardware wallet integrated in the Samsung S10 phone, as well as a partnetship with ENJ, and facebook was late to the party to be honest... the proof is in the pudding. This tech, as time passes, will only become more valuable.
    Valid points.. One can make a killing or one can lose everything. I'm still smacking myself in head for not picking up some "Overstock" a few weeks ago. Damn stock popped in aftermarket trading. My current positions are SIRI,KSS,and DIS. Thinking about picking up some MNST. Monster is going in the CBD game. Should be interesting.
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    I wish I'd have picked up some bitcoin when it was around 3K. One of the reasons it's going up is because of companies like Facebook trying to implement their own cryptocurrency. Businesses see that as being more stable and it becomes more accepted. I see it continuing to rise for a while at least until something happens with the trade war going on with China.

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    Quote Originally Posted by BigZ View Post
    I wish I'd have picked up some bitcoin when it was around 3K. One of the reasons it's going up is because of companies like Facebook trying to implement their own cryptocurrency. Businesses see that as being more stable and it becomes more accepted. I see it continuing to rise for a while at least until something happens with the trade war going on with China.
    Yeah the Government wants Federal oversite of Facebooks Upcoming Crypto currency, and the letter Facebook sent Congress was Perfect, and respectful, but let congress know that theyre moving forward no matter what the govenrment thinks , i thought it was funny anyhow

    I made some decent change on crypto and then divorce struck, lmao, now im pan handling
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    Author: Ben Presser
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    BigZ MC Site Admin Board Certified CPH

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    Sounds like the government wants oversight on bitcoin and other crypto-currencies as well. Seems to have stalled the climb for the moment, but hopefully it will resume.
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    How often do ya'll trade? I was very active about 5 years ago then took a break. I'm just now getting back into it. So far so good..
     

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    I don't trade very frequently, but I'd like to get into it more as I learn more about it. Waiting to sell my house to erase some debt before I can do any more at this point, but hopefully it will go through before bitcoin skyrockets again. The recent rise and fall has been tied to the chatter about Facebook's Libra, but it seems to be going up slowly again.

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