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Bitcoin could replace gold


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#11 CLK

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Posted 19 July 2018 - 12:24 PM

Shorted the 10 point bounce, Aug. 24th GLD 116P.



#12 AChartist

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Posted 20 July 2018 - 09:08 PM

clif said gold will see some decent numbers but longer term it will be challenged by alchemy

 

when hypertechnology free energy makes it economical to make it in the lab


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#13 CLK

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Posted 21 July 2018 - 07:40 PM

This is not the kind of volume trending moves are made of, I checked it with July out and it was the same.

I expect 1100 to print soon.

 


Edited by CLK, 21 July 2018 - 07:41 PM.


#14 flyers&divers

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Posted 22 July 2018 - 01:28 PM

The thread's title is a statement: Bitcoin could replace gold.

 

It questions the viability of gold as an instrument of safety people would turn to as they always have.

Btw, during ww2 (in central Europe) my grandma would visit farms to secure some food for us. One link of a gold chainwould buy a fresh egg.

We on the board largely represent an older generation, an ever shrinking slice of the pie.

The growing worldwide population is very young and poor, some of them are educated, definitely tech savvy.

These are the people whose actions will decide if gold will stay indispensable or not.

I do not know one young person here who cares about gold so it is possible that something will evolve out of

the experimentation of crypto to meet the need for a universal safety instrument. Just my 2c.

 

 


"Successful trading is more about Sun Tzu then Elliott." F&D

#15 CLK

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Posted 26 July 2018 - 12:17 PM

The bounce in gold looks done, time for a move below 1200.



#16 CLK

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Posted 26 July 2018 - 05:24 PM

SEC rejects Bitcoin ETF again, they won't allow that with price this low, they will wait until new ath's

so they can can have more people to sell to. Why do you think the top happened a couple weeks

after the futures opened ?



#17 CLK

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Posted 26 July 2018 - 09:36 PM

Commissioner Peirce dissents on Commission's decision to reject Bitcoin ETP.

 

 

https://www.sec.gov/...issent-34-83723



#18 CLK

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Posted 29 July 2018 - 03:11 PM

A Bitcoin ETF should get approval within months, not years.

 

 



#19 CLK

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Posted 31 July 2018 - 05:14 PM

Not an official Renko sell yet but Bitcoin is not going to be able to weather the SEC ETF rejection,

I'm just taking st trades with a buy stop of 8332. Most likely it goes back to the lows. It may

rally again in late Aug. or Sept. on renewed ETF news.



#20 AChartist

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Posted 06 August 2018 - 04:38 PM

Weekly btc cycle bad for 7-8 weeks, can bounce for a week here first.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan