Bitcoin about to Pop

[Scot Dutchy]

There is no "logic" in Bitcoin. Scams dont have logic. Like the rest of capitalism it is driven purely by greed.

[Jason]

It is the biggest scam or con ever. Those in at the beginning are making money because they started with nothing.
I played back in the 90's a MMPOG. Cant remember the name of the game but it was Swedish about a planet called Calypso. One guy bought the moon orbiting the planet for $130,000 real American dollars. He charged people to buy apartments on the moon. That is what Bitcoin is an illusion. If you buy and sell them you are just taking part of the illusion. The game like Bitcoin is still going as everyone is trying to retrieve their "investment" which is why Bit coin will not disappear. The fools who stepped in late like pyramid sellers are looking for new victims.

It's best to cut losses and cast off if you ask me - I did. I invested in mining hardware - made about half my investment back before mining profitability tanked. I've now sold said hardware for half of what I paid for it. So I got out clean more or less. Nothing lost.

I recommend doing the same while prices for mining hardware are still good.

[Scot Dutchy]

I agree totally Jason. Bitcoin is a bucking bronco. Get off as soon as you can.

[rainbow]

I agree totally Jason. Bitcoin is a bucking bronco. Get off as soon as you can.

Now volatility is back and many savvy investors will be using this as a major buying opportunity, perhaps the last one of 2018

Nigel Green, chief executive of the deVere group
https://www.express.co.uk/finance/city/ ... e-Ethereum

[rainbow]

There is no "logic" in Bitcoin. Scams dont have logic. Like the rest of capitalism it is driven purely by greed.

When asked about Bitcoin’s short-term prospects, Pomp noted that the psychological argument points towards the fact that there hasn’t been enough pain yet, meaning that a true bottom/capitulation phase hasn’t been achieved yet. The Morgan Creek Digital Assets executive, a centralized bank hater, then explained that from a technical standpoint, $3,000 to $4,000 per BTC is a likely possibility.

From a historical perspective, Pomp also explained that a $3,000 price bottom could also be logical, noting that historically, Bitcoin’s drawdowns have been 80%+, before adding that this year’s has ‘only’ been ~75%.

Keeping this in mind, $3,000, or an 85% decline from 2017’s all-time high, could be in Bitcoin’s short-term cards, so to speak. Vays closely echoed this sentiment, explaining that $3,000 is a price point to watch, telling CoinTelegraph viewers that once BTC reaches the $3,000 zone, it would be a good idea to start accumulating.

While the two aforementioned claims didn’t paint the most beautiful picture for Bitcoin, all three industry savants maintained their long-term belief in this industry and ground-breaking innovation.

https://ethereumworldnews.com/crypto-le ... et-touted/

Scot, could you give a translation of the word "Pomp"? In Hollands.

[Scot Dutchy]

Pomp is Dutch for Pump as in water pump.

[rainbow]

Pomp is Dutch for Pump as in water pump.

...so 'pump and dump' would be "pomp en poep".

[Scot Dutchy]

Pomp is Dutch for Pump as in water pump.

...so 'pump and dump' would be "pomp en poep".

Very good. Yep as good as you will get.

[rainbow]

Join the rush to buy Bitcoin before it goes down the U-bend into obscurity.

You may never have this opportunity again.

[rainbow]

https://www.worldcoinindex.com/coin/bitcoin

[Sean Hayden]

smarts.png

--adding some smarts to the message.

[Jason]

Join the rush to buy Bitcoin before it goes down the U-bend into obscurity.

You may never have this opportunity again.

QFT. Sell at the peak, or just before.

[Jason]

Actually, looking at the graph makes me think the opportunity has passed. It peaked at ~4000 USD and is sliding down now again.

[JimC]

Don't tell rEv...

[Hermit]

From the above link: In the medium term bitcoin looks like a flash in the pan with bonus dead cat bounce. My guess is that other crypto-currencies will behave similarly.