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Is btc pump healthy?

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I'm already sorry for the "normal" people that invested in Bitcoin because it was on the news. But... maybe I'm wrong and Bitcoin is destined to gain $5k in value every week or so :)

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It is healthy as long as people keep doing it... The moment that stops, a lot of people have a problem and will ask themselves what they actually bought for what price. But it just indicated that the whole cryptomarket is so booming. That is good news.

 

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a quick look at the network stats for BTC will reveal that current prices are approximately 5x too high, but people are playing a game of musical chairs because of the CBOE and CME futures. They will let a bunch of suckers will go long BTC futures at $20k/$30k or whatever, then short it to ******* hell. It's the easiest hundred-billion scale short I've seen for a long time.

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Imagine the transaction fees and the increasing amount of horse power you need to mine, I think BTC is going to clog it self due to its own shackles.

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7 minutes ago, PaulKim said:

The sad part is the only crpyto not making gains right now is XRP and if BTC has a crash XRP will fall even further. lose lose :(

not sure I think all alt might rebound 

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Just now, kenrino said:

not sure I think all alt might rebound 

normally from here btc will stretch up then the alts would catch up with btc stretching slower.. but this is different, as you know stuff's happenning and it's complicated...

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53 minutes ago, corak said:

a quick look at the network stats for BTC will reveal that current prices are approximately 5x too high, but people are playing a game of musical chairs because of the CBOE and CME futures. They will let a bunch of suckers will go long BTC futures at $20k/$30k or whatever, then short it to ******* hell. It's the easiest hundred-billion scale short I've seen for a long time.

The bold part, that's EXACTLY what I thought when thinking about "Who keeps buying?" recently xD

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6 minutes ago, Mac said:

Bitcoin is very healthy, all the way to $200,000 with a few hiccups here and there. We should be asking "is XRP healthy?"

BTC is healthier than XRP. Pure supply and demand...

Edited by AlvaroXRP

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19 minutes ago, zerpdigger said:

is a pyramid scheme healthy?

"A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money, or the money paid by subsequent investors, instead of from profit earned by the individuals running the business. Ponzi schemes are designed to collapse at the expense of the last investors when there is not enough new participants.

Bitcoin is a free software project with no central authority. Consequently, no one is in a position to make fraudulent representations about investment returns. Like other major currencies such as gold, United States dollar, euro, yen, etc. there is no guaranteed purchasing power and the exchange rate floats freely. This leads to volatility where owners of bitcoins can unpredictably make or lose money. Beyond speculation, Bitcoin is also a payment system with useful and competitive attributes that are being used by thousands of users and businesses."

Edited by AlvaroXRP

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