Is bitcoin heading for a bubble at $30 a coin?

Hey guys does it make sense to short BTC shortly after $6000 breakthrough? Going to use max leverage for this position, but aftaid market whales can arrange substantial hike to wipe out SL's. What do you think?

Go for it bro, short the biggest bull market over the last 9 years on its high ROFL.

The Cyprus Securities and Exchange Commission (CySEC) has set limitations on the trading conditions of CFDs on cryptocurrencies offered by its charges.
Probably the most significant part of the document concerns the banning of exercising of EU passporting rules when offering CFDs on cryptocurrencies. In other words, if trading in cryptocurrencies or products with them is forbidden in a given EU or third country, the broker should not offer those products in it.
Also, under the new rules, the brokers must not offer to retail clients a leverage of more than 1:5 on those instruments and the volume of crypto CFDs should not exceed 15% of the total turnover of the broker per quarter.
The brokers offering CFDs on digital currencies should give access to more than one price feed provider (virtual currency exchanges, liquidity providers) and cross-check to ensure the following of best execution principles. Furthermore, the price feed providers must be duly registered and regulated and must undergo a due diligence check by the broker.

Bitcoin skyrocketing :-)

Got an interesting link to read on

Click

useless regulator . No protection for traders

Russia cryptocurrency bill is due within months maybe faster, one more ban can put the coin to nosedive slump...

Definitely worth the effort to educate yourself first and then just dive into the technology. I bought my first bit of bitcoin just to immerse myself into the terminology and to commit myself to learning. It's like learning a new language..........of course don't overcommit with money you cannot afford to lose. It's a brave new world!

The New Zealand regulator FMA also issued a statement regarding cryptocurrencies and Initial Coin Offerings (ICOs), noting that they are risky and must be regulated.
In its document FMA outlines the apparent risks of investing in ICOs and/or cryptocurrencies like them being a scam, or dealing with unregulated overseas entities, which are hard to track, in case something goes wrong.
So far that’s just words, but usually such public statements tend to be a prelude to actual regulation.

Yes!!!!
A 30$ bitcoin bubble!!!!
What a horror!!!!!

!!! Fiat is better????
ROFL.

no its not a horror its a dream come true! Now at $10,800 level. I decided to withdraw my money in my broker and bought 1 bitcoin when it pulled back at $3000 level. Honestly i did not have luck in Forex for 7 years. It is still rising. Some experts it will reach 20,000 by 2018.

Good!!

Slowly and patiently we will get there - bitcoin, forex....

GL.

Hello, my Friends!!

A revolution it is and there is no looking back.....
I wish I was one of the early buyers in this one but I was not...I even might have joked about it if you would have told
me anything about bitcoin last year...
Well now I am full swing at it

I started day trading and swing trading it with different brokers.... I have to confess I find it soo easy to trade
Originally I started trading it with a forex broker on margin.... wow that was a gift... I turned a 3.5k account to 11k in 1 week!!!
After that, the broker started playing tricks like no trading on weekends and now they do not let me trade at all...lol
I asked the customer support why and they told me that it is too volatile so we do want to protect our customers...ok
Pls do not ask me who the broker is cause I do not want to turn this thread into a broker discussion...

I switched to a crypto exchange(broker) and did not have this problem (no kidding... he was not a market maker)but had no margin
There are times where the spread is so big... I was actually trading the spread...
Last week I took some swing trades.... always with limit orders and I had a great week...and all with no margin, made 10% easy....

Now you will hear left and right "This is a bubble" ... "It is based on nothing"... blah blah blah...as if the US dollar is based on anything,
they print it not stop, the bitcoin at least it is limited
I did my research for the last 2 months and in my opinion, this is definitely here to stay....
CBOE and the CME do not offer options if they think it will not be here tomorrow

The blockchain is 100% here to stay everyone is adopting it across the board... from banks to governments, you name it...
Blockchain is Internet 3.0
Now those "CryptoKitties" witch are based on the Etherium blockchain.... I can promise you anything..lol a kitty for $1200 lol

Now me I am head in first.... I am even opening a mining company I love this so much

Let's post our views and opinions here in a civilized manner please, also if anyone has questions go ahead and ask and anyone with the
knowledge on the subject can answer

Take care my friends!

Its going to crash. it's already forming a pump and dump pattern.

What do you mean by crash.... crash and not go up again or it will correct and continue its march to 40k?

Do not forget the crypto market at the moment is very volatile... so a correction of up to 35% is normal...a buying opportunity ....to me of course....
But what do I know....

IMHO bitcoin might become a "store of value" like gold but other cryptos will be used for transactions. Bitcoin is too expensive, slow & an energy hog. I would not buy bitcoin.

My speculative favorites for LT positions are XRP & IOTA. I agree that cryptos aren't going away but I also think more than 90% of the 1600+ cryptos will disappear. Cryptos are a method of payment so a replacement for credit cards except a "cash" card. Visa, MasterCard & American Express are the 3 dominant credit cards in the US and I feel the same will happen to cryptos. Businesses will start accepting a very small # of them & the rest will die.

***Comparisons below are not mine, just copies from websites.

I like Ripple too.... in @ .28

Iota very promising....

But still think that Bitcoin is going to the moon....bitcoin is the mother.....

Bitcoin Cash soars as Coinbase adds
Dec. 19, 2017 8:07 PM ET|By: Stephen Alpher, SA News Editor
Bitcoin Cash has been on a big run for the past few days on rumor it was soon to be available for trade on popular exchange Coinbase (Private:COINB). Sure enough, it's happened, with BCH joining Bitcoin, Ether, and Litecoin on the Coinbase platform.
BCH has jumped nearly another 20% over the past hour, and at $3,191 is roughly double its price from Friday. Bitcoin, Ether, and Litecoin, on the other hand, are all selling off this evening. And the Coinbase site? It's crashed again.

https://seekingalpha.com/news/331930...r=1#email_link

The world is changing at an accelerated pace...
Key words changing and accelerated.....

I do this full time and I cant keep up