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They are not being pumped at the moment. Looooooooooowww.

Coinbase halts trading after volatile bitcoin price fluctuation


At 11:11am ET this morning, the cryptocurrency marketplace Coinbase temporarily disabled buying and selling for all currencies on its site. This came after wild surges in bitcoin's price in the last 24 hours: It plunged from a high of $15,800 late last night down to a low of $10,800 hours ago.



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Oz Jon

This has just been published and (apart from the fact that it says, in substance, what I said several posts back) the author is a "pretty smart investment cookie"... actually, even better than me - Lol!. ............  Maybe a good time to take your profit (or cut your losses?)  and exit?

Here is the source URL



Howard Marks on Bitcoin

Billionaire investor and the co-founder of Oaktree Capital Management Howard Marks shared his views on Bitcoin at the Delivering Alpha Conference on July 23.

Bitcoin Showed a Strong Performance in Late 2017 2018-07-27


Marks believes Bitcoin won’t be able to provide long-term investment goals. He feels it doesn’t have any intrinsic value or any real fundamentals. He said, “It’s not an investment…it’s a trade. In the long run, I think it will be shown not to have any substance.” He added that investors are buying bitcoin with the only hope that “someone will buy it from them at a higher price. Not because they can specify its intrinsic benefits. Not because they can judge the intrinsic value. But only because they think it’s going up.”

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Something has value as long as someone else is willing to pay for it. 


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