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If you plan on investing in Crypto-Currencies, now would be the time.

Discussion in 'BlackHat Lounge' started by SeanAustin, Apr 15, 2014.

  1. SeanAustin

    SeanAustin Power Member

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    Just a quick heads up for the crypto heads / investors out there.

    I have a big inclination to believe that now is the time to buy some coins (18 hours ago would've been even better).

    Bitcoin has plummeted quite a bit over the last weeks but now I see a very high possibility of an extremely bullish upward trend in the price over the next month. And as bitcoin rises, so does pretty much every other crypto- currency.

    Go check coinmarketcap to get an idea of what I'm talking about. Once again, this is all speculation and you should of course do your own research before spending any money, but I do believe now is an ideal time to buy in, and mostly every crypto-currency (minus the junk ones) will rise back to what they were a few weeks ago. Play this smart, and there is of course a lot of short-term cash to be made.

    "Bitcoin has been classified as being not a currency in China, so technically it's not banned, people are allowed to own and buy. Time will tell how they eventually regulate bitcoin." - This tells me that bitcoin and all other cryptos will see a steady rise until China finds a dictative way to regulate it. Once that happens, who knows what the future will hold. Wouldn't be all that surprised if bitcoin hit the low $xx,xxx or dropped to $xx in the somewhat near future.

    Good luck with your trades :)
     
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  2. auxiliarus

    auxiliarus Regular Member

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    Wow, BitCoin fall a lot, damn it's gonna rise high, around 20%-30% profit expected if you buy now.
     
  3. auxiliarus

    auxiliarus Regular Member

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    Maybe invest into peercoin? I see 30% increase in 24h is kind of a lot.
     
  4. SeanAustin

    SeanAustin Power Member

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    Exactly what I'm thinkin.
     
  5. auxiliarus

    auxiliarus Regular Member

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    BitCoin just fucking dropped again.
    From 503$ to 499$.
    Rose from 499$ to 500$.
     
    Last edited: Apr 15, 2014
  6. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    I hope the worst storms have passed.

    The IRS has recognized BTC as a commodity, MtGox is gone, SilkRoad didn't lead to the demise of BTC and overall it's been a good test of BTC's resiliency, and IMO it passed the test.

    To the moon!
     
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  7. auxiliarus

    auxiliarus Regular Member

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    I hope they passed too :).
     
    Last edited: Apr 15, 2014
  8. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    BTC proved resilient to Silk Road, because clearly the currency wasn't at the heart of the illegal stuff going on. Basically the same thing could be done using any fiat currency, it just proved that BTC is a lot harder to use for illegal stuff than they had imagined(I'd assume, since everyone got caught), which was IMO a big plus for BTC.
     
  9. SeanAustin

    SeanAustin Power Member

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    But can you guys just imagine how filthy rich the drug dealers are who didn't get caught and who were selling large quantities in exchange for bitcoins back when they were worth only pennies?

    INSANE.
     
  10. auxiliarus

    auxiliarus Regular Member

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    Pfft, here is my opinion on what the fuck is happening to BTC -
    Chinese fake news make people sell BTC, price drops.
    Another people see price dropping, they sell BTC.
    Price drops even more - and this is now looping.
    So the price might be dropping a lot in these few months, I'm sure it'll get it's value back.
     
  11. auxiliarus

    auxiliarus Regular Member

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    Well, special sellers have special filter to make sure they aren't getting caught :).
     
  12. artcore

    artcore Newbie

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    Speculative time travel quiz: you go back in time but realise you can only invest in one technology before being dragged back to the present. Do you go for Google / Apple stock when it's just released, or Bitcoin from the word go? I suspect BC would pay off better, but I'll defer to anybody who sounds like they've done some calculations on this.
     
  13. Patel

    Patel Senior Member

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    BTC is gonna poop on all the naysayers. Thats pretty much all.

    All the people who have been criticizing it for the past few years, will feel stupid they didn't join the boat.

    When NYDFS releases their guidance as promised by the end of Q2, all the US companies like Circle, Buttercoin, Coinsetter, Winklevoss Bitcoin Trust, SecondMarket Exchange, will be going on a massive marketing campaign, and the price will pump.

    Quote me on it.

    By the way, catch The Bitcoin Uprising documentary debut tomorrow, by CNBC

    http://video.cnbc.com/gallery/?video=3000267349
     
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    Last edited: Apr 16, 2014