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Bitcoin halving event

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14 minutes ago, TheGuru12 said:

Rumor on the straz is that there is another dump coming along. 70-80% fall in price in the next 3 months. What with volume stuffing going on across most if not all major exchanges. People are pumping ... to dump. Bitcoin is a massive contrarian indicator to the real economy and look what's happening with stocks, There has been a melt up over the last week in stocks and for good reason too!. 

I saw this from Crypto_Lord yesterday that made me laugh at first, then scratch my head ... (3 months).

 

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1 hour ago, Caseynotes said:

I saw this from Crypto_Lord yesterday that made me laugh at first, then scratch my head ... (3 months).

i don't get it. 

How is there any basis in that price action? 

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2 minutes ago, cryptotrader said:

i don't get it. 

How is there any basis in that price action? 

That's what made me laugh in the first place but the first 40 days is a tight fit, god knows why he thought of doing it at all, it must be some weird new cult TA technique that when adopted by the many will become a self fulfilling prophesy (like most of the others), don't forget you saw it here first 😉 

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TA doesn't work with Crypto because the volumes are all fake and it's based on FOMO. 

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Hi all - just a note that we've created a specific bitcoin halving events page which you can see here. This will likely be more for clients who are new to trading bitcoin with IG, or are newly interested in the bitcoin halving event which is likely to take place in May 2020. 

To make sure we've not been left out we have our own BTC log scale showing the cryptocurrency price over the last couple of halving events. ;) Over the next 18 months or so we will be putting out a number of interviews, videos, podcasts, and content pieces which may be more relevant to those on Community. I'll make sure to update you all.

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@JamesIG,

Great stuff. I just had a look and it is very good and much needed so well done.

I think there is still a lot of scepticism over Bitcoin and Cryptocurrencies in general so this is good timing. 

There has been a lot of negativity over this asset class on the IG Community and I think it stems from a lack of understanding, lack of knowledge and lack of appreciation of what is currently happening and the potential going forwards into the future and how this will be applied.

To be fair there has been some valid criticism but at times some of the negativity has been vague and there has been no real credible evidence or substance behind the negativity apart from that it is rubbish, junk, garbage and is going to zero. 

IG has offered its clients the ability to trade Bitcoin and other Cryptocurrencies for a while as have their competitors. There is a real market and asset class emerging here. 

Those who know me or follow me on the IG Community will know that I trade Cryptocurrencies but that I also invest via the XBT Provider One products. The reason why I invest is exactly because of the price appreciation and capital growth in relation to halving events and many other factors. IG offers me the ability to trade Bitcoin and other 'Alt Coins' but as a long term investment it is very compelling when you look at the profits and returns from inception (2009) to date. 

Again well done for setting this up. I think it was needed based on the views I was experiencing on the IG Community. 

 

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