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Sun Jun 16, 2019, 12:24 PM

Bitcoin Price Skyrockets to $9,387: What's Behind the New 2019 High?

The bitcoin price has surged by seven percent on the day, recording a 32 percent monthly gain and a 151 percent year-to-date gain against the U.S. dollar.

The strong upside movement of the dominant cryptocurrency has occurred in anticipation of the opening of the CME bitcoin futures market on Monday.

Earlier this week, when the bitcoin price was hovering at around $8,100, the “real 10” volume of the asset was at around $600 million.

The real 10 volume of bitcoin refers to the verifiable volume of the asset based on the methodology presented by Bitwise Asset Management which found that only ten exchanges in the bitcoin market have a real daily volume of over $1 million with the exception of BitMEX.

As of June 16, the real 10 volume of bitcoin remains above $1.1 billion, up nearly two-fold within a seven-day span.

https://finance.yahoo.com/news/bitcoin-price-skyrockets-9-387-085059792.html

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Reply Bitcoin Price Skyrockets to $9,387: What's Behind the New 2019 High? (Original post)
ansible Jun 2019 OP
Wounded Bear Jun 2019 #1
Wellstone ruled Jun 2019 #2
customerserviceguy Jun 2019 #4
Wellstone ruled Jun 2019 #5
customerserviceguy Jun 2019 #6
Wellstone ruled Jun 2019 #7
customerserviceguy Jun 2019 #8
Wellstone ruled Jun 2019 #9
customerserviceguy Jun 2019 #3
Xolodno Jun 2019 #10
Blue_true Jun 2019 #11
hunter Jun 2019 #12

Response to ansible (Original post)

Sun Jun 16, 2019, 12:26 PM

1. Another bubble...

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Response to ansible (Original post)

Sun Jun 16, 2019, 12:37 PM

2. Well well,the Miners

will work this big time.

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Response to Wellstone ruled (Reply #2)

Sun Jun 16, 2019, 04:16 PM

4. Biggest way to waste electricity

that I can think of. We have no chance of stopping climate change if gamblers are allowed to waste precious energy on their snowflake "money".

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Response to customerserviceguy (Reply #4)

Sun Jun 16, 2019, 05:37 PM

5. Have a family member playing this

nightmare 24/7. Have zero idea if he is ahead or lost his butt.

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Response to Wellstone ruled (Reply #5)

Sun Jun 16, 2019, 07:14 PM

6. Only the people

who sell out quickly, to dumber suckers win.

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Response to customerserviceguy (Reply #6)

Sun Jun 16, 2019, 08:28 PM

7. Watched the live Ticker

for a few minutes,appears there is a group of about a dozen that work together driving the Bid and Ask. Then about every four hours,you see the sucker bait and some fool will take the bait and get burned a couple minutes later.

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Response to Wellstone ruled (Reply #7)

Sun Jun 16, 2019, 08:29 PM

8. P. T. Barnum

would have loved cryptocurrency.

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Response to customerserviceguy (Reply #8)

Sun Jun 16, 2019, 08:35 PM

9. Once I figured out who and where they were

coming from,mostly Russia,China,North Korea and North African Countries,it came so obvious what was happening. The Asian Coin Miners are pure ruthless when one hits. As of two weeks ago,the price was ripe for a massive mining operation.

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Response to ansible (Original post)

Sun Jun 16, 2019, 04:14 PM

3. Getting ready

to fleece the sheep one more time.

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Response to ansible (Original post)

Sun Jun 16, 2019, 08:37 PM

10. Gut reaction...its a bubble.

...however, what if its something a bit more surprising. Investors getting nervous about the markets, and putting some money into crypto currency since they are not connected to any exchange regulated by government.

Bit Coin is a new phenomena, don't believe we fully understand it yet.

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Response to ansible (Original post)

Sun Jun 16, 2019, 09:47 PM

11. I see 2008 coming around again. There is just way too much unanchored

speculation for the situation to end even remotely good.

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Response to ansible (Original post)

Sun Jun 16, 2019, 11:52 PM

12. Bitcoin was genius. Endless cycles of pump and dump.

A scoundrel could get rich that way.

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