Bitcoin Drops Over $2,000 As Bitcoin Cash And Altcoins Skyrocket

sirstacksalot (63) · 7 years ago

Nope, not gonna happen. Not if BTC can't get these transaction backlog and high transaction fee issues under control.

Why buy BTC anyway? If I have $1K to spend, would I put it in Bitcoin and hope for it to go to $100K (5x increase from here) or would I put it in some $1 alt coin and hope for a 100x increase?

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13 votes

nkkb (55) · 7 years ago

You make real sense.I'm with you. Sold off my btc for steem. Happy now

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introvertspeaks (51) · 7 years ago

The thinking is mutual. Bitcoin is only useful for trading purposes, but even so ETH and BNB can do the shit. So why BTC in the first place? Bitcoin is only suitable for noobs who don't understand the game.

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5 votes

wallflowerpunch (41) · 7 years ago

Haha. Agreed.

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nutela (61) · 7 years ago

Exactly. BTC avg fee $42:

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bitcoinflood (77) · 7 years ago

It only went up because of speculation, Coinbase traded for such a short period of time and then locked up due to possible insider trading. What does that mean? Millions of BCH are still locked up that people can not sell and put on the market squeezing the supply of BCH and creating a false increase we are seeing now.

$0.65

8 votes

sirstacksalot (63) · 7 years ago (edited)

Nope, not buying what your selling.

"Millions of BCH are still locked"

When BCH was below $300 and there were only a handful of wallets that could accept them, there may have not been an incentive to "unlock" them. When BCH hit $2K and most wallets will now translate them, the incentive just got a whole lot greater.

First its Coinbase, soon it will be Bitpay, then the floodgates open!!!

$2.44

4 votes

vdux (60) · 7 years ago

Everything in this space is speculation. We're seeing a massive influx of money into a very small market where few of the investments have established any potential to generate any returns for investors (other than pump/dump).

My expectation: Take profits now and expect a crash. Or hold onto what you got, take the hit, and pray you'll be better off by the end of next year, once this new flood of investors dilutes the power of the legacy investors. Such a tiny amount of the world's wealth is invested in cryptos in December 2017, and I expect to see a rise in value of everything in this space over the next year or two as casual investors enter...

I plan to sell the coins that I don't like and hold the ones I do. Thoughts?

$1.54

cryptomeeks (53) · 7 years ago

True... I could see this being a ploy to pump up bch, but you have to admit, it does have a future or else coinbase never would have listed it.

$0.09

3 votes

brandocrypto (46) · 7 years ago

The future is now.

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oilreg (49) · 7 years ago

getting a coin listed at any exchange is just a money thing those days they want from the devs. a shitload of money for the listing and free coins as a gift. Sure the coin price can develop better with listings on bigger exchanges but don not believe there was a huge money flow into coinbase from BCH before they considered accepting it. There are some nice interviews out there from smaller coins which didnt want to pay millions for the listing.

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fuzzmaster (55) · 7 years ago

They probably listed it 1. To get people their bch from august that was promised (and people were raging over) 2. Because some very popular people in the space are pushing for it. Bch doesnt serve more purpose than ltc or dash for example. Besides having the name bitcoin in it i dont vet why people like it so much

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https://steemit.com/bitcoin/@the.privatier/12-important-things-you-need-to-know-when-deciding-about-investing-in-bitcoin-cash-or-bitcoin

the.privatier (19) · 7 years ago

Sorry but thats BS. 1: "Millions of BCH are looked up" There are max only 12 Million BCH at all in this world, if 4m lost and 16m minted 2. How you want to know they all want to sell? Look at exchanges around the globe and you see EVERYWHERE the opposite 3. If this increase has ANYTHING to do with Coinbase, why is saw this coming many days ago without even thought about coinbase, just pure from logic?

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skycornish (55) · 7 years ago

I hope BCH is worth more than BTC someday... Its the real Bitcoin!

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mikenevitt (62) · 7 years ago

Yes I’m frightened to blink at the moment, cheers

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cmoljoe (53) · 7 years ago

I have feeling that alt coin market change when you release some video. From moment of your video about problems of Btc and solution of Bcc, Btc gone down by 7% and Bcc gone up 40%. You change the market Jeff :D

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6 votes

sirstacksalot (63) · 7 years ago

That's funny. If you think one guy with 17K followers on a minor-league social media network can sway a $650 billion market, then this is a bigger ponzi-scheme than even I had imagined!

$2.21

dandays (67) · 7 years ago (edited)

17k, only? Ok, well that’s practically zero, everyone on this ‘minor leaguer’ has 17k, so that’s nothing. So you’re saying his twitter and fb and YouTube and all that is void then and his following stops here, thanks for clearing that up! Ps, everyone loves bacon!

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cflclosers (67) · 7 years ago

Lol that is so true. It's amazing to see how easily it is to manipulate these markets if you are a whale.

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nishanaz (36) · 7 years ago

Good job

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dandays (67) · 7 years ago (edited)

That’s the thing, he does away the market. There’s a small handful of people who can and actually do sway the market. By market, I mean us. And by sway, I mean manipulate our opinion. I’ve said it a couple times now but there’s so many of these Bitcoin hater type posts in internet land, I keep repeating myself:
BTC and BCH or bcc, (not to be confused with BitConnect) depending on what exchange you’re on, not to be confused with BCash, that’s yet another piggy back on Bitcoin ...they both take control out of centralized banking hands, right? Coo, just checkin.

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sirstacksalot (63) · 7 years ago (edited)

Funny choice of words...."piggyback". It implies that Bitcoin is a PIG, which is what it is proving to be! Transaction backlog and excessive fees?

I can't even get my SDB into Bitcoin without waiting 3 days. I'm being told to use ETH, LTC or DOGE. Really??? DOGE???? WTF!!!!!

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3 votes

dandays (67) · 7 years ago

You know you love bacon, everyone loves bacon.

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introvertspeaks (51) · 7 years ago

On a side-note, never underestimate Doge. It's been around for a while and has been battle tested by time. Far more liquid than other shit coins.

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agnesebarhorst (38) · 7 years ago

the problem in bitcoin is the high fees i spend over 20 dollars for just one transaction.

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jjcali (57) · 7 years ago

Yes - Bitcoin sucks at the moment. Hopefully the developers can build something that can keep up with the demand.

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brandocrypto (46) · 7 years ago

Screw Bitcoin and Coinbase both. There are better Cryptocurrencies and sites. Coinbase isn't for the serious investor. It's for then newbie...as seen by the price pumps every time a new coin is added, lol.

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introvertspeaks (51) · 7 years ago

I am a newbie and Binance works like a charm for me.

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rip-youtube (50) · 7 years ago

That is a huge concern. My last transaction was $16, and that was probably two months ago. I saw a video where someone had purchased a tiny amount of BTC, like $20 USD, and paid a $12 fee!! This won't work. Obviously, most are seeing Bitcoin as a store of wealth now, something to buy and hold, which is fine. However, now it looks as though Bitcoin Cash is poised to knock BTC off it's high horse, at least somewhat. People are, of course, free to invest in what they want, but a lot of people may wind up losing a lot of money, over the situation that is unfolding now. I'm thinking that the biggest fortunes from here on out, may very well be made from some of the coins/tokens that are now labeled 'alt.' I don't consider myself to be an expert though, not even close.

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fuzzmaster (55) · 7 years ago

I think most people are accepting btc as astore of wealth rather than a daily transaction or small transaction coin. If more users used ltc or another fast coin for daily use im sure btc speeds would increase and fees would be smaller with less congestion. Plus the value of the faster coin of choice would go up

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burmik123 (61) · 7 years ago (edited)

BCH is a strange. I do not believe in this coin.

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6 votes

znaffe (47) · 7 years ago

I'm actually worried about BTCs ability to survive this one. I've never seen the mempool this high. 250k mempool and rising BCH price is a deadly cocktail.

At least steem is up :P

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jjcali (57) · 7 years ago

Sound Money - I like that concept. When you don't have anything to lose everything goes down hill. This is so true. I like Jimmy's view.

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asolopreneur (56) · 7 years ago

Bitcoin Cash is derivative of Bitcoin. Why people are investing in Bitcoin cash when Bitcoin is there? I think there is something wrong going on. I hope people will understand it and invest in Bitcoin and it breaks the records. What do you think @dollarvigilante?

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newschannel428 (55) · 7 years ago

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Bitcoin Donation address 15TkDH574baEe8qnye67uwcJft59tSRDgm
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LiteCoin: Donation Address Le9rQybKFFRt3yoHjt5y1VqnCWAFhMDew2

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fuckmylife (59) · 7 years ago

everything to the moon , one time baby

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lordneroo (72) · 7 years ago

@dollarivigilante As expected! BTC network is TOO SLOW nowadays. How can there be mass adoption? There are approximately 260k transactions currently unconfirmed on the BTC network.

2018 will be a great year for altcoins. HODL.

Highest Regards
@lordneroo

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3 votes

orym (44) · 7 years ago

I'll raise a mug to that!

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versacepython (25) · 7 years ago

I'm a believer that Bitcoin will be rise still over the next 2 years passing 100k. That being said I really don't think that Bitcoin will be used for microtransactions for most people due to the fees and slow speeds but I think it will be primarily used to hold wealth and therefore the value will pretty much always be there and still increase slowly over time. Projects like Iota and Cardano will eventually replace the hype that is surround Bitcoin due to their usability and innovation. Just my thoughts, I'm no expert though.

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bonds (33) · 7 years ago

I cashed- out of BTC at the ATH the other day- best thing I ever did, if only to get way from the stress of watching the BTC news all the time.
I put £50 into STEEM so that I could have some fun, and I hold a medium sized altcoin bag...

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jccalva1 (25) · 7 years ago

Great news for me ! Today my investment in alt coins has significantly increased 👌

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ozkana (34) · 7 years ago

banks and some other financial institutions might have a surprise for all of us in coming new year.only some alt coins like steem that materializes a content will cut a swathe

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v3r (38) · 7 years ago

I was learning about bitcoin today and I am incredibly shook to how it is all a makebelieve currency where it only has as much value as people give it. I've been tracking the price of bitcoin all day and it is amazing to me how bitcoin can be so lukrative.

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unicron (48) · 7 years ago

the whole market is just exploding right now. luckily for me, i already invested in various altcoins, including etherium, Bitcoin cash and (really) tron.

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coincado (61) · 7 years ago

Great Video! You are such an inspiration, uploaded my first video today:

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coincado (61) · 7 years ago

Sorry didn't wanted to Spam, it didn't loaded my comment at first :)

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practicaleric (66) · 7 years ago

Bitcoin is still the stronger of them all, am sure it will be rising soon, forget bitcoin cash :)

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automaton (56) · 7 years ago

You might be right...but I think the soon to be bigger story will be user generated tokens. Let's see if humanity can move past the scarcity lie/fiat currency illusion.

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kingyus (59) · 7 years ago

yep

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cflclosers (67) · 7 years ago

It is so tough to tell. The whales are all touting bitcoin cash so it seems like some sort of pump and dump is on. It may go down very low so everyone can jump in and ride it back up. It is so easily manipulated by just a few people that it is tough to tell what will happen.

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alexozhigov (10) · 7 years ago

Wow!

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bitcurrencies (38) · 7 years ago

Yeah thanks @dollarvigilante!

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manojahi (25) · 7 years ago

Bitcoin will grow again. Finger Crossed :P

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pyrophorus (6) · 7 years ago

Bitcoin has to stabilize before we can predict where it will land.

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hansal (47) · 7 years ago

Money doesn't grow on trees , So If you are looking for extra money from steemit community , you have to co-operate with all you know .
I offer for you , If you follow me , I'll follow you .
If you make upvote for my posts , I'll make for you , and so on
......watch what we can do?

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rip-youtube (50) · 7 years ago

It's looking like money 'grows' inside computers! lol

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aloh (39) · 7 years ago

nice post

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andy23 (41) · 7 years ago

BTC will probably be just a storage of value in future,like gold.People need coin with low fee,instant transactions.Who knows which coin will get on the throne..maybe even BCH.. :)

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rusko (36) · 7 years ago

OK. What coin is Jeff going to announce to his subscribers on December 24? Let me take a guess Cardano or Stellar ?

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clpr (37) · 7 years ago

Mate, at least mention that SegWit has been implemented by only a handful of exchanges. It's the exchanges like Coinbase who push the date further and further away otherwise the mempool wouldn't be that full.

SegWit is out their, it's the sloppyness of exchanges not to have implemented it yet.

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bibleanarchist (47) · 7 years ago

The bankers are on the attack BIG TIME right now. Like Jeff Berwick said though "Bitcoin is the honey badger of money. Bitcoin don't care!"

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janvanhoess (52) · 7 years ago

Bitcoin Drops Over $ 2,000 As Bitcoin Cash And Altcoins Skyrocket
Why did it happen ? Probably because bitcoin owners take too much cash. And the market was churning.
@janvanhoess

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elsuerm (53) · 7 years ago

Nice post, thanks.

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cybercodetwins (54) · 7 years ago

Surreal.

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nishanaz (36) · 7 years ago

Nice post

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kartiksingh (65) · 7 years ago

bitcoin will come back with full force...experts says that it will go upto 50000 $ in jan 2018...just HODL...dont loose patience

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nishanaz (36) · 7 years ago (edited)

Yes because bitcoins lovers are more than bitcoin cash

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arkarphyo (56) · 7 years ago

Ok I want to that now

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kingod (28) · 7 years ago

Guys, forgot for bt. There are many other cryptocurrency. Every day my profit stay near 30-40% of investing. I just monitor all coins. BTC doesn't interesting already. Good LUCK!!!

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spiritualmax (64) · 7 years ago

@dollarvigilante is not the hero we need, it is the one we deserve.

Tell us ow mighty hero, what will happen to our mighty town Mayor "Mayor Bitcoin"?

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comrade (46) · 7 years ago

Nice info. I said before that every thing has its own time. Bitcoin may not remain on top forever, soon other altcoins will over take it. I follow and upvote you. Follow me too.

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itsben (51) · 7 years ago

The future is definitely happening

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byturk (25) · 7 years ago

very good share by dollarvigilante

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statsmonkey (49) · 7 years ago

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @thejohalfiles valued at 183.00 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".

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monjan (53) · 7 years ago

i think bitcoin has a scaling problem but at the end of the day it will survive/.

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bitgeek (62) · 7 years ago

Congratulations @dollarvigilante, this post is the forth most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 409 and the total pending payments to posts in this category was $10250.91. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

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braxton101 (58) · 7 years ago

Thanks for the content dollarvigilante!

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monirul22 (41) · 7 years ago

yes this very good.l truested this...........
have feeling that alt coin market

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monirul22 (41) · 7 years ago

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soufianechakrouf (64) · 7 years ago

it helps thanks

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mudcat36 (62) · 7 years ago

I keep watching eagerly for coins that are privacy centered like Monero, Dash, Pivx, Nav, and Komodo to jump to the moon. Dash is kicking butt as is Monero, but I wonder who will be next to weigh in with loads of interest around it. Any coin that helps you spend with low fees and can be hidden from the tax man is a winner in my book. Great post DV. Keep up the awesome work.

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crypto3lite (44) · 7 years ago

This is really bad for the crypto community. This price drop of BTC and rise of BCH is artificial, a lot of drama between the two. It's making me want to move to a completely different coin if this drama continuous. Might go to Litecoin or something. Roger Ver is giving the community a bad name, he's trying to get BCH to take over BTC. So frustrating, grown adults acting like children, fighting with each other.

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automaton (56) · 7 years ago

A wolf in sheep's clothing..

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nishanaz (36) · 7 years ago

May be

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jakeduck (40) · 7 years ago

I am super new to Cryptos and I absolutely love the technology and ideas behind it...I am getting grief from some of my Libertarian friends trying to convince me that the NSA is behind BitCoin etc and will help the NWO globalists force us into a cashless society blah blah blah and that part of it bothers me. Do any of you buy into the NSA having control??? And thanks for your content Jeff I follow you and subscribe keep up the Great work. God Bless. JD

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sleexy (27) · 7 years ago

dogecoin ftw

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ks221 (30) · 7 years ago

Do you guys bitcoin is droping permanently? I think it will recover

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coincado (61) · 7 years ago

Great Video! You are such an inspiration, uploaded my first video today:

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rip-youtube (50) · 7 years ago (edited)

I don't wanna get into the BCH/BTC debate, but the whole BCH/Coinbase thing is costing me money!! Thanks for your post, I love Jimmy Song! He's very smart, and tells it like it is.

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merryslamb (59) · 7 years ago

great content in Dtube

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helder-coelho (35) · 7 years ago

Awareness is key! Tks dollarvigilante!

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mynameismax (47) · 7 years ago

Bitcoin transaction fees are too high..

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hattaarshavin (74) · 7 years ago

a new information for me @dollarvigilante
Thank you for sharing

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uiono (25) · 7 years ago

haiz...i miss atlcoins

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chris-yoder (31) · 7 years ago

I expect that btc will recover most of the lost value as the allegations of insider trading are investigated.

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amelia666 (50) · 7 years ago

Really?? I think Bitcoin will rise $10,000 in next few months..

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immawake (55) · 7 years ago

you should post the Jimmy Song video on dtube. that was amazing

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fujiwara (44) · 7 years ago

I think BitCoin needs to gain the trust of investors so that they don't back down.. But it's just an opinion! I'm not an expert in cryptocurrency :C

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atherz (51) · 7 years ago

Since Jeff mentioned it, STEEM's going to 200 boys.

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fiatkiller44 (25) · 7 years ago

Holy shit, Ripple with a 40% increase to $1.29 as everything else is coming down. Really want to see how far this correction will go.

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rusko (36) · 7 years ago

BUILDING for the LONG TERM! Lightning will soon strike and the price of BTC will hit new all time high. Fasten your seat belt.

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ayondatta (0) · 7 years ago

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Reveal Comment

wbayderda (31) · 7 years ago

Cool! But, IMHO, the entire cryptoworld on the blockchain is going to be replaced by Hashgraph.

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ayondatta (0) · 7 years ago

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Reveal Comment

deliberator (63) · 7 years ago

they all seem to be taking a hammering today

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ninja25538 (41) · 7 years ago

I like Gridcoin since it uses useful work to mine.

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nikeshtandel12 (25) · 7 years ago

btc
1Dvea6xFEk9SqYijAwyHWjVU4YWshANdPE

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bitcoininform (25) · 7 years ago

Coincheck to repay users who lost money in $400 million hack
Japanese cryptocurrency exchange Coincheck Inc. said it will use its own capital to reimburse customers who lost money in Friday's $400 million theft.
CLICK ON LINK FOR MORE DETAIL https://d.tube/v/bitcoininform/768sq786 (https://d.tube/v/bitcoininform/768sq786)

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