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@jrcornelWhere cryptocurrency and finance meet
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Created
2016-07-26 19:12
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RE: What do you think happens to the price of Bitcoin when Publicly Traded BTC Miners stop selling the Bitcoin they mine?
"When I see a bubble forming, I rush to buy it" The most money is made during the bubbles, just have to sell before it deflates. There's simply too much money out there from a macro perspective
RE: The current Bitcoin Rally is very healthy, being fueled by Spot Market demand as opposed to Leverage
A pullback is not a bubble popping. There's still another stimulus plan on the way and the FED isn't going anywhere. This thing is going to inflate a lot more than this before it's all said and done.
RE: The current Bitcoin Rally is very healthy, being fueled by Spot Market demand as opposed to Leverage
Well, it's only been about 18% from peak to trough, so if it is the 30% correction, it's not over yet. Personally I don't think it is (a 30% correction), I think that $48k touch was the low, but it's possible
RE: The current Bitcoin Rally is very healthy, being fueled by Spot Market demand as opposed to Leverage
Yep, that was a bit surprising given the low funding rates. Though it probably means that was the lows already. On another note, wWe were due for a 30% correction anytime between $58k to about $70k, I
RE: What do you think happens to the price of Bitcoin when Publicly Traded BTC Miners stop selling the Bitcoin they mine?
There will be another 30% correction at some point here, my guess is it will start between $60k-$70k, but it's tough to tell exactly where it will start from. Past patterns (from the 2017 rally) indicate