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Bitcoins - digital currency Bitcoins - digital currency

09-15-2017 , 07:54 AM
I have a CDN friend who manages it all like this. Is this my best setup guys? Or is there better?

"QuadrigaCX, for BTC, move to Bittrex, for XVG, download off the exchange to electrum wallet."


Also strikes me as an important day. If $3000 can't find support, it's got a ways to fall. Any genuine support till $2000?
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09-15-2017 , 07:55 AM
sounds about right. but, its also recommended to use hardware wallets like ledger nano or trezor
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09-15-2017 , 08:03 AM
Quote:
Originally Posted by bucktotal
sounds about right. but, its also recommended to use hardware wallets like ledger nano or trezor
As a backup type thing?
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09-15-2017 , 08:22 AM
Rafiki, I'm genuinely surprised you're about to fire in here.
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09-15-2017 , 08:23 AM
Not sure why you think I'm snap buying here. But I obviously need to setup my shiz.
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09-15-2017 , 08:26 AM
Quote:
Originally Posted by rafiki
As a backup type thing?
If you are semi new to crypto there is no better option than a trezor/nano S for storage.
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09-15-2017 , 08:35 AM
ok answered my own question on the support line. 100 day is around 2900

And thanks Pinkmann
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09-15-2017 , 08:46 AM
What happened to TomCollins?
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09-15-2017 , 08:48 AM
early registration now to the acr millions or roll the dice and see where btc is at in a few weeks?
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09-15-2017 , 09:27 AM
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Originally Posted by Love Sosa
Ran out of suckers I guess, tulip bulbs 2.0



https://cryptowat.ch/bitfinex/btcusd/1d
http://fixwillpower.com/blog/bitcoin-bubble-crash/

Juk
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09-15-2017 , 09:46 AM
Quote:
Originally Posted by TheOffice
I have a serious question: Why would any country make BTC an "official currency". It's not like any country is particularly interested in its citizens moving money from its legal tender to some crypto just for control and tax reasons alone. Isn't it the greatest fear of all (national) banks that they can't create and manage their own currency? That just seems highly unlikely to me in a world where states do everything to get as much information as possible on financial transactions.
Maybe small/underperforming countries looking to gamble on new ways to get an edge/hoping to bring in innovation?
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09-15-2017 , 10:10 AM
Curious to see how much of this little bounce evaporates. Trader instincts say full on bull-trap.
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09-15-2017 , 10:17 AM
when did speedbumps become crashes?
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09-15-2017 , 10:22 AM
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09-15-2017 , 10:32 AM
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Originally Posted by nickjehz
when did speedbumps become crashes?
Boom Moon or doom, we grind hodl.
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09-15-2017 , 11:13 AM
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Originally Posted by IHaveThreePair
Would not be surprised if Russia jumped on the back of this and made BTC an official currency.
There is zero chance of this happening. Giving up control of currency is giving up control of finances. Would some small country do it? Sure, maybe. Russia, not a chance.
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09-15-2017 , 11:22 AM
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Originally Posted by Didace
There is zero chance of this happening. Giving up control of currency is giving up control of finances. Would some small country do it? Sure, maybe. Russia, not a chance.
Ok, maybe not an official currency, I got carried away there. But it would be a great time for them to at least legalise BTC...
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09-15-2017 , 01:00 PM
lol that didn't take too long
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09-15-2017 , 08:55 PM
****ing swongs.
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09-16-2017 , 02:07 AM
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09-16-2017 , 07:59 AM
Unconfirmed, but seems China is going for a more or less full ban on Bitcoin now:
https://twitter.com/Excellion/status/909000668345757697
Translation: pastebin.com/6vKp6rh6

Impressive that we are still trading in the 3600s, but that might be temporary as this news spreads/is confirmed.

If this is true the only uncertainty left of of China would be if the are going to ban mining as well (which would probably be very bad).
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09-16-2017 , 08:00 AM
****ing China spreading their FUD... I can't wait until they're completely banned from trading so they can't manipulate the markets anymore.
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09-16-2017 , 08:05 AM
chinese govt making bank by staggering these announcements.
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09-16-2017 , 08:12 AM
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Originally Posted by imjosh
chinese govt making bank by staggering these announcements.
Yes it is very obvious that they are doing it like this to make good money for themselves. Pretty disgusting, when they could just have come out with one clear statement at a set time.

I cannot imagine how terrible it has to be an average Chinese citizen constantly getting f-ed by the government like this in all aspects of life if they try to create something.
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09-16-2017 , 09:59 AM
Why are the actions by China read as self serving price manipulation instead of the expected approach of an autocratic and opaque government? Is the crackdown inconsistent with how they usually handle emerging and somewhat undefined threats to their control?

What higher order goal does profiteering serve? Or is the top of the government willing to let lower regulators run their own rackets on this scale?


Tether:

How much confidence do people have in this? You can see when new ones are created here

http://omnichest.info/lookupadd.aspx...o5LsPTW1zBTwXL

The largest exchange by far is totally dependent on these as are several others. They cannot be exchanged for fiat and it does not appear that will change anytime soon. Tether admits to playing a cat and mouse game evading bank policies banning them, what major correspondent bank will touch them? Everyone is buying BTC with new ones purported to be created by backing of large institutional investors. Who is buying 300 million of these if they come with no rights at all and it is almost impossible to send fiat to or from Tether.

Right now Bitfinex dominates volume, yet the only thing you can do with the USDT you receive for selling is buy more bitcoins. When people want actual money what happens?
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