greggles
I'll be back!
- Joined
- 28 July 2004
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In trading parlance, the range has become extreme. My hat doffed to Life Choices for that discussion back at BTC $4500.These intraday swings are incredible. $14,500 to $17,000, then down to $15,000, back to $17,000 and then down again to 14,500, right where we started. At the moment, Bitcoin is just a giant roller coaster ride.
Clarification - that's at $15,000 per Bitcoin.Or you could say it's equivalent to the entire worldwide production of oil for about 6 weeks.
I see a great opportunity too, and it's not short, it's GOLD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
All the logic is about central banks and an independent easily exchangable value.
Well what is bloody wrong with Gold!?
If people keep buying it and people keep accepting it as a currency and there is
a limited number available then I cant see any reason why it wont continue to
be subject to Supply and Demand pressures just like any other commodity.
Some poor chaps have shorted itCharts all look bullish to me - this has got to end in tears at some stage but at this stage I don't see why you'd short it.
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