So what would be your expertise on the current price usd/yen, drop back to 108?I set the school record at my graduate school making markets in FOREX - US dollar versus the Yen. That's why I don't touch bitcoin
Bitcoin
- Thread starter KeithE
- Start date
Bonsai Nut
Nuttier than your average Nut
I haven't followed it heavily in several years. I actually had a FOREX account for personal trading until the financial crisis - at which point I pulled out all my money because there was just too much action by the central banks to be able to guess what they were going to do next. Also... to trade FOREX means you can't leave your keyboard. I didn't want it to be a full-time job. Now I am a long-term value investor... much easier on the stress level.
As far as a quick glance at the Yen goes, I think both the US and Japan want to keep it at 110. I wouldn't expect it to trade below 105 or above 115 in the next year unless something shocking were to happen - like the Fed announcing a surprise rate increase that shocks the markets, etc. We'll see if I'm right
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leatherback
The Treedeemer
Waking up to BTC at 6250 to the USD. 20% increment in the last 4 weeks.
Over 50% in the last 6 weeks.
Over 50% in the last 6 weeks.
leatherback
The Treedeemer
Where did you get those figures? Perhaps for one platform?
If I look at coingecko, I get:
19B USD trading volume, at a total market of 112B. That is about 17% trading volume. Do I miscalculate?
leatherback
The Treedeemer
are you still holding?
leatherback
The Treedeemer
Yes.
dont get to greedy, maybe you can partial out
leatherback
The Treedeemer
Na, I invested less than I netted in the big run 2 years ago. Now I am in to see where the top floor is.
Dead cat still bouncing btw. 1btc = $9,559 :
Bonsai Nut
Nuttier than your average Nut
It's amazing what a trade war with China will do It's all about capital flight... and Yuan leaving the country.
www.forbes.com
Better hope the Chinese politicians don't drop the hammer on it. They have threatened in the past, and every time they do the price drops 20%. Check out this chart - 12 month Bitcoin/Yuan. Up like 300% in the last six months.
It's all about capital flight... and Yuan leaving the country.
Bitcoin Is All About Chinese Capital Flight
As liquidity sources for Chinese citizens to respond to potential devaluation in the yuan.
www.forbes.com
Better hope the Chinese politicians don't drop the hammer on it. They have threatened in the past, and every time they do the price drops 20%. Check out this chart - 12 month Bitcoin/Yuan. Up like 300% in the last six months.
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Bonsai Nut
Nuttier than your average Nut
It will be very interesting to see how bitcoin responds to the Trump/Xi meeting at the G20 summit this week. If they announce positive news, expect the price to fall. If the meeting is contentious, with no agreement in sight, expect bitcoin to hit new record highs.
Brian Van Fleet
Pretty Fly for a Bonsai Guy
My $75 purchase of bitcoin for fun in August 2016 is sitting at $1470. Could be $14 tomorrow.
leatherback
The Treedeemer
Personally, I doubt the summit will influence it. I have not been able to find a link between what happens to the prices and news in the world. Explanations for the upward swing range from big investment banks starting to play to a new fear of missing out developing. I suspect we are in for a correction soon again though. So far, the growth has been less up-up-up than in the 2017/2018 cycle.
But considering I got back in at around 4K and have been in most of the run (I think I missed one 200 usd jump), I am not unhappy. I think I will play the sitting duck game to see how far this goes.
leatherback
The Treedeemer
I'll buy it off you for 150. That is a 100% guaranteed win against your investment! Better than loosing most of it tomorrow when it hits 14?
leatherback
The Treedeemer
Nice to have suspiciens confirmed. 11K was a nice mark to buy. Now the coinflip for direction. Hoping for up
leatherback
The Treedeemer
boinkiboink
leatherback
The Treedeemer
BTC = 7178USD
leatherback
The Treedeemer
Going with the flow. Decided to not look too often and hope it does not evaporate. For now, back up again. Tomorrow down?
A. Gorilla
Omono
I never took you as a degenerate gambler. 
leatherback
The Treedeemer
well.. live and learn.I never took you as a degenerate gambler.
but to be honest, i gamble with the profit from the big run some 2 years ago.