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Reply to: Bath time anyone?
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Previously on "Bath time anyone?"
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My Bitcoin stake dropped in value from £160 to £120, and Ethereum from £240 to £220. Oh, the woe.
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Yep it's all very good being paper millionaires in real spendable £s, but when the whole shebang is run by unregulated shady sources, and geeks that can barely keep their service online, it's a recipe for getting fleeced on the way out if they don't get you while 'hodling'.
On a more positive note, the dead cat is bouncing well so may come back to life and find it's feet just in time. So chance to exit gradually if you want to realise some gains and leave some skin in the game in case it does 'go to the moon' in 2018.
Good luck whatever you choose. Don't forget to tell us the stories of how you made it large and retired from the rat race , or lost it all from holding too long past the opportunity to at least break even.
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FTFY
Amid the swing, three Bitcoin-related exchanges suspended certain trades thus allow them to set a nice position to buy back in, to enable them to cash in big time.
Believe me they were saying stick in £10K, its the future etc. etc.
In fact given they were worth nothing then, I could now have 10000 bitcoins
I also know someone personally that lost £150K when Mount Gox was defrauded, when trying to get his money back into Fiat.
However, the above always seems a common theme, you "make" the money and then when you try and cash out you lose
Now, I'm not saying money can't be made, but just realise the "casinos", coin base been a prime example, control that ultimately if you want to cash back into Fiat.
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Bath time anyone?
Bitcoin volatility sees trades suspended on certain exchanges - BBC News
Bitcoin volatility sees trades suspended on certain exchanges
Bitcoin plunged on Friday, extending a fall that saw the crypto-currency lose more than a third of its value from a record of nearly $20,000 (£15,000).
The crypto-currency's price dipped below $11,000 on Friday, according to the Coindesk exchange website, before recovering to about $12,000.
Amid the swing, three Bitcoin-related exchanges suspended certain trades.
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