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    Thread: Controllers of BitCoin

    1. #11
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      Quote Originally Posted by jontarno View Post
      what if the corruptors or criminals do massive money laundering by moving it into bitcoin form? it will be formed is suplly and demand. so bitcoin becomes very expensive due to high demand. and what if they suddenly sell it on a large scale in a short time. because no fundamental decision is known why bitcoin is so expensive and so cheap
      I it happens so then
      1.we will see a catastrophic up trend for buying it and down trend for selling at huge amount.
      2. All retail traders will get hazardous loss or profits for so.
      3. Bitcoins holders will have outrageous lower or higher conversion rates.

      These are the common scenarios I'm afraid.


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      dzin4aans (09-23-2017), Vaisaak (09-25-2017)

    3. #12
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      In the below picture, you can see the downfall is about 1200 pips till now and it is huge. Thinking what has caused it? It caused China's banishment of the currency and some nerds who thought to sell it right now. It is not a way to trade in Forex yo.

      Name:  bitcoin.png
Views: 19
Size:  23.5 KB

      Besides no any indicators or analysis will be applicable to it right?


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    5. #13
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      Quote Originally Posted by Star_amin View Post
      In the below picture, you can see the downfall is about 1200 pips till now and it is huge. Thinking what has caused it? It caused China's banishment of the currency and some nerds who thought to sell it right now. It is not a way to trade in Forex yo.

      Attachment 70472

      Besides no any indicators or analysis will be applicable to it right?
      It is really frightening that the Bitcoin gained that much high peak and then falling. I have never seen such huge bluish momentum in other Forex pairs. It is really deep that we can imagine or understand other than the creators who created it.


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    7. #14
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      Quote Originally Posted by Star_amin View Post
      In the below picture, you can see the downfall is about 1200 pips till now and it is huge. Thinking what has caused it? It caused China's banishment of the currency and some nerds who thought to sell it right now. It is not a way to trade in Forex yo.

      Attachment 70472

      Besides no any indicators or analysis will be applicable to it right?
      Inside bar month? Lets see how September closes. If it managed to close inside the August bar, why not buy it from there? SL below August low. I believe the price action idea is the same behind Bitcoin too But the volatility is just epic on it


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    9. #15
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      Star_amin For most investor of bitcoin is the buy and hold. However, I do not know what is the limit for the amount of Bitcoin. Once they reach the limit, I am guessing the value would spike again. My suggestion is for people to do some programs to collect some bitcoin and wait for it to go. I hope to collect about 2 or 3 BTC for the purpose.


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    11. #16
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      Quote Originally Posted by jontarno View Post
      what if the corruptors or criminals do massive money laundering by moving it into bitcoin form? it will be formed is suplly and demand. so bitcoin becomes very expensive due to high demand. and what if they suddenly sell it on a large scale in a short time. because no fundamental decision is known why bitcoin is so expensive and so cheap
      Very easy answer of that- "Some will say Yeyyy!!!!! and some will say Oh No!!! What have I done!!!!



      Quote Originally Posted by dzin4aans View Post
      Inside bar month? Lets see how September closes. If it managed to close inside the August bar, why not buy it from there? SL below August low. I believe the price action idea is the same behind Bitcoin too But the volatility is just epic on it
      Yes Bro, you are very right about the volatility. Day by day its growing and its huge. I have a few amount in my capital to sustain high volatility damage. So I am staying out of it. If I would have large amount of money, I would try the idea bro.


      Quote Originally Posted by Vaisaak View Post
      It is really frightening that the Bitcoin gained that much high peak and then falling. I have never seen such huge bluish momentum in other Forex pairs. It is really deep that we can imagine or understand other than the creators who created it.
      No no mate, it is not frightening, rather it is Gigantically horrifying for us who have few amount of money to risk on.



      Quote Originally Posted by Dixie View Post
      Star_amin For most investor of bitcoin is the buy and hold. However, I do not know what is the limit for the amount of Bitcoin. Once they reach the limit, I am guessing the value would spike again. My suggestion is for people to do some programs to collect some bitcoin and wait for it to go. I hope to collect about 2 or 3 BTC for the purpose.
      Brother I would also buy some of it although some famous economists say it is a total fraud and vice versa. If there is any chance to income from that fraud in short amount then why not?


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    13. #17
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      Yes we all understand that no single entity controls the issuance or otherwise of the bitcoin currency and no one also fix the price, but we should also try to accept the fact that some countries/markets have strong influence on the price and availability of this electronic currency, for instance China is a major factor when it comes to the issue of bitcoin, just like America too.


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    15. #18
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      Quote Originally Posted by 22gost** View Post
      Yes we all understand that no single entity controls the issuance or otherwise of the bitcoin currency and no one also fix the price, but we should also try to accept the fact that some countries/markets have strong influence on the price and availability of this electronic currency, for instance China is a major factor when it comes to the issue of bitcoin, just like America too.
      Thank you for your kind comment on this but do your really think that bitcoin can't be controlled by any entity? What if you have 10 million dollars and convert it to bitcoin or you have say 1 million bitcoins and you sell it? Would not affect the market even then?


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    17. #19
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      it is matter of time when bitcoin price is fall or drop ,everbody may remmeber that once bitcoin price was rise to $1700 ++ but suddenlY it fall to less than $200 in difference of less than one year ,


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    19. #20
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      i think due to the transparency in bit coins where every body has access to how they are mined and how they are distributed hen this is what gives the investors some form of confidence in trading it other wise it would have died a long natural death long time ago
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