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Old December 27th, 2018 #7
Alex Linder
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Join Date: Nov 2003
Posts: 45,756
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points

BitCoin ,then pushing block chain. some distinction here. these guys are saying BitCoin > generic blockchain technology due to proof of work

analyst predicts BC rise back to 5-6k then fall back under 3k in 2019

alt-coin = non-bitcoin. a term.

expects true bottom when bc starts rising, the alt-coins stay low, as he thinks they're garbage. "tone vays" is the analyst.

"BC is as sound as it ever was from a FUNDAMENTAL perspective." and he has the OPPOSITE view on other coins. he means bc's CODE is improving, getting better.

fundamentals = code. code updates are very good, he says.

this is NEW stuff. not all the KINKS are worked out. that's why it has exhilarating highs and perilous lows.

if Euro breaks up (back to franc, lira, marc, etc), that's good for BC

"BC is the only investment-grade asset" he says

if you have a 3-5 year outlook, bc is great buy, particularly under 5k

BC has declined 80% from all-time high on 20 december 2017, why?

hype. people thought pro traders coming in would change things. overshot up, now overshooting down. is vay's explanation.

he says: i have no bc held by third parties

when it IS, then risk of them doing the fractional reserve bs. which has led people like keiser to mention "proof of keys"

which almost defeats the purpose of bc - you being able and supposed to manage your own money. not leave it/trust it with third parties

advises people not to use coinbase. bitcoin was designed for you to hold your own money. like silver or gold.