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myASX

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13/09/17

22:11

Post #: 27200472
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Originally posted by demoniaco ↑

I've been waiting for a dump. I can't remember if it was $2600 or $2800, but at those levels I'll be definitely buying in.

The thing about BTC is that it's not like a regular stock or tradeable commodity.. It's hard for BTC to lose value because there is a finite amount, cannot be duplicated and every single day people are losing bitcoin meaning there is less and less in circulation over time creating more rarity.

So seeing a sell-down below 38.1% fib will be a real hard ask IMO. If it ever does, it will be a single seller sell-down (think of the recent ETH flash crash to <$0.50 on one exchange) and it will only ever be a flash crash IMO.

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How do you spend your bitcoins or any other crypto currency?

I'm of the belief it has no real value because we can't use it during our day to day lives.

Barter Card is 100 times more useful to me than bitcoin. I can't spend bitcoins anywhere. I can't pay my rent, I can't pay the mortgage. Woolworths, Coles and Aldi wont take it to fill up my grocery trolley. I can't but a coffee with it. I can't buy lunch with it. It's totally worthless if you ask me.
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