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Day Trading Pre Open - 17 January 2018, page-24

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33,088 Posts.

17/01/18

09:33

Post #: 30362459
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Originally posted by nihilism ↑

I could now start my own newsletter as I called this last month and one (obvious) call makes you a genius right?

As I said in my original post, still think this has much further to fall, I'm eyeing around 5k by end of february.

The technical underlyings of many coins has improved but the market is using Bitcoin as the premium despite it's massive issues.. this will change at some point but likely to have a lot of 'late entries' suffer the pain of a true correction first.

Then we will see regulation of ICO's (as investors will call out for some sort of regulatory environment because they lost money) and then we will see centralisation as a key premise (so coins can be updated without hard-forks and new currency creation) which is already happening in new generation coins and then we will see the ability to add coins to make up for stale supply...

And what we will have is a crypto that exactly mirrors what fiat currency does but more secure.. and people will still blame the government for 'inflating their money away'

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Lol. You weren't alone there Nils. Still, we don't know what will happen at $10K. Peeps gonna be waiting for a bounce there. Maybe go to $100K?

On ABC radio atm they are having a discussion about "How to buy cryptos".
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