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Predictions on what price Bitcoin will stabilize at?


Wolverine

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24 minutes ago, Stimpack said:

Looks like the Winkelvoss ETF was disapproved around 9PM GMT.

https://www.sec.gov/rules/sro/batsbzx/2017/34-80206.pdf

 

BTC tanked ~300 USD, now slowly recovering.

So basically it can't be backed by the government cause it isn't transparent, and doesn't show every transaction that's occuring and the purpose of that transaction if I understood that correctly. Correct me if I'm wrong, and thanks a bunch for sharing this :)

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4 minutes ago, Wolverine said:

So basically it can't be backed by the government cause it isn't transparent, and doesn't show every transaction that's occuring and the purpose of that transaction if I understood that correctly. Correct me if I'm wrong, and thanks a bunch for sharing this :)

Not-so-personal-opinion: disapproved because banks and government don't want this new kid on their block

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6 minutes ago, Tj2907 said:

Do you guys think BTC will regain it's original value? I ain't trying to lose money.

Yea I'm sure it will, When it crashed I just sold all the gold I just bought and it went back up. It's worked without government backing so far, there's no reason it should fail now. Have faith my friend :)

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8 minutes ago, Wolverine said:

Yea I'm sure it will, When it crashed I just sold all the gold I just bought and it went back up. It's worked without government backing so far, there's no reason it should fail now. Have faith my friend :)

Alright man I guess I'll trust you. I lost like 30 dollars already but it seemed to be going back up. Do you think I should pull out at like a certain point or try to ride the wave?

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