I see that the price of $BTC went from $6300 to $6600 very fast. I'm wondering why that happened and if that's a bullish sign.
Since we did not go under $5800, it feels like the bearish market is starting to run out. If we continue to hold at these levels, is the bullish market coming sooner and faster than expected?
Also, I wanted to ask how Bitcoin Future Contracts work and if there is a possible relationship with the price jump. From what I understand, people agree on Bitcoin future contracts by agreeing on a price and time to sell BTC for? Is that correct? Or could someone give a short explanation on how they work and how they can affect the price?
It is still too early to say. Earlier we saw bitcoin rising up to 6400 very quickly and dropped off again. It shows the market is still very unstable but I do hope it is going to keep pumping up this time.
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BoardBitcoin Discussion
Re: Facebook Reverses Cryptocurrency Ad Ban Amidst Rumors of a Coinbase Acquisition
by
spicybanana
on 02/07/2018, 19:35:16 UTC
Of course it is a good news for bitcoin. Although Facebook is not as influential as it used to be but there are still a lot of people using it. People will get to know more about Bitcoin through social medias.
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Re: How did you recover from your loss in bitcoin investment?
by
spicybanana
on 01/07/2018, 18:58:42 UTC
I think holding is the only way to go if you want to prevent losses. The process can be long but if you lose your cool and start selling when the price is low than you will never make your money back.
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BoardBitcoin Discussion
Re: do you hear about the recent hack?
by
spicybanana
on 01/07/2018, 07:06:24 UTC
My Hitbtc account got hacked. Luckily I moved all my assets a few days before that happened. Even though I have changed my password now I sometimes still gets alerts saying someone was in my account.