Finance Magnates article:
Excerpts:
âThe relentless Bitcoin buying frenzy we are witnessing is starting to get some brokers providing crypto CFDs to retail traders worried. IG Group has shared with the FT for a recent piece that it is limiting its exposure to cryptocurrencies.â
âWith client demand driving brokers to take on more exposure on the long side, any sudden interruption in the market opens the floodgates to an SNB-style event. Remember how we highlighted in September 2014 an increasingly one-sided positioning from retail traders in EURCHF?â
âMark November 2017 as the first time when you were officially warned about crypto volatility risks. I am pretty sure that it wonât be the last one.â
[quote=âClint, post:62, topic:117389â] In an Excerpt his source said :-
âMark November 2017 as the first time when you were officially warned about crypto volatility risks. I am pretty sure that it wonât be the last one.â
[/quote]
I think thatâs a bit unfair, seeing as this threads been going 6 weeks since âBitcoin = 5000 nearlyâ days 
Here is todays chart from IG showing a Daily range from 11500 to 8600 and back ! - So 3000 pips a day ?
Anyway thanks @Clint for showing that IG and others are looking for to back out of the market with their pants intact !
I particularly like the tactic employed by the other Bookie - of introducing overnight interest at 175% 
It seems tht the cheapest and best way to trade Bitcoin is to actually buy some as it seems @Dennis3450 has done. 
Seems to me that with the liquidity issue mentioned earlier in the thread withn regard to withdrawals when the price is DOWN, the Spread better copanies like IG , need to cover their bets and the only option seems to be purchases at coinbase, who will delay any sales in hard times, letting the price potentially drop through the floor and costing the âBookmakersâ huge amounts.
Given the model of âOwnershipâ which seems to be emerging, one has to wonder who exactly is the beneficiary of this meteoric rise in this instrument.
There is no doubt that some have made some money over the past year or so
So now some hold physical (Paper) Bitcoin in one of these âAccountsâ others just spreadbet the instrument, which means teh Bookie has to hedge by buying physical (Paper) Bitcoin to underlie their short positions.
So we ave been informed that in a downside adjustment, liquidity seems to dry up and orders donât seem to get addressed for DAYS !
Given a âCrashâ scenario - âDaysâ is ample time for the value of the paper currencyâs value to drop back to a dollar each !
Letâs say for the moment that this were to play out and then gradually the congestion cleared and coinbase were forced to fill the back orders at âmarketâ ?
If we assume the average âSell priceâ they received for the units from the Bookies and individuals like our @Dennis3450 was $5000 and now they have to buy them back at $1 - Whose interest is it in to allow this particular rise to an inevitable end ?
[Edit - quite a few Spellings and minor typos in this post - canât be a**ed to go back and fix them all - sorry ! ]
Another Finance Magnates article:
Excerpt:
âDeltastock is altering its margin requirements from 20 percent to 50 percent on the following symbols: BTC/USD, ETH/USD, BITCOINETN/se and ETHERETN/se. In addition, the company hiked margins on BCH/USD from 20% to 75%.â
Notes:
BitcoinETN/se and EtherETN/se designate âexchange traded notes denominated in SEKâ traded on the Nasdaq OMX Stockholm Exchange
BCH/USD is Bitcoin Cash denominated in USD
Nice to see some analysts read "Babypips " 
Itâs dead in the water isnât it ?
Get your money out NOW @Dennis3450 - if you can 
[quote=âFalstaff, post:65, topic:117389, full:trueâ]
Itâs dead in the water isnât it ? [/quote]
Not dead yet.
Why would I sell, the price is about to retake $11,000 and Litecoin has Topped $100 today. My only regret is investing in gold and silver, that investment has gone nowhere, while the same dollar investment in Bitcoin would have me up a million bucks
Wow! Thatâs crazy. Do you own a bitcoin account, Clint?
Yes, but I was late to the game.
Three months ago, I opened an account with Coinbase, and began a dollar-cost-averaging buying program. Each month I buy x-dollars worth of bitcoin.
As the bitcoin price rises, I am getting less bitcoin per purchase.
But, the logic of dollar-cost-averaging (in rising markets) is that, in a long-term savings program, average purchase price â and therefore overall cost of ownership â is minimized.
What bubble?
Within a few years, the Bitcoin price will be: 1 Bit = $1
Currently, bitcoin is worth: 1 Bit = 1¢
It has a long way to go.
Thatâs just my 2 Bits.
Two hundred and seventy Billion Dollars ! - 
Hereâs a link which some might find has a few parallels but not all of this tale is parallel - Those with holdings currently may wish to peruse it - or not !
http://www.devvy.com/pdf/biography_john_law.pdf
_"This marked the peak of the great adventure. Here is how the capital of the India _
_Company stood: Law had been manipulating the stock prices until the shares were selling at 5000. _
After the rout of the Antisystem and the capture of the national revenues they went up to 10,000 livres.
_ If a man had bought a share of the Company of the West at 500 livres in billets dâetat or 150 livres in _
money, he would now at 10,000 livres have a profit of 660 per cent. Before the bubble burst shares went to 18,000 livres. This was the financial part of the famous System of Law in operation. Now let us see what happened to it. âŚ"
The quote is copied and pasted from a pdf and my adjustment is not perfect.
A lot of people out there must be feeling very wealthy on the attributed gains of The cryptos recently
I am in total agreement Clint, Seeing how bitcoin is up 11 times this year and that is with negative action from governments, central banks, and Wall St. Plus there are few options for buying Bitcoin in the US. Where do you think the price goes if Bitcoin purchases are open to the customers of Merrill Lynch and Charles Swabb.
Even as a Bitcoin holder I never really thought 1 million dollar Bitcoin would ever happen, now I am rethinking that. and will be buying more aggressively in future dips
Whatever the outcome this will be a learning experience
"This time itâs different " ?
Why ?
More like a once in a lifetime experience, I am just glad I am not sitting on the sideline like I did for the gold and silver rush of the early 2000âs
Speaking of which, hereâs an article about the IRS crackdown on Coinbase â
Partial victory in Coinbaseâs mind:
We are pleased to say Coinbase won a partial victory in court today. Although the Court did not completely quash the government summons compelling disclosure of certain customersâ records from the period 2013â2015 as we requested, we were proud to accomplish two important victories for our customers.
First, the government vastly narrowed the scope of its summons. The governmentâs own lawyers noted at the hearing that the IRS is not accustomed to having to fight for records in this context, and most companies just turn records over without going to court. Thanks to Coinbaseâs efforts, more than 480,000 customersâ records were preserved from disclosure. This is a 97% reduction in the number of customers impacted by this summons.
Second, the quantity of data we must produce for the approximately 14,000 customers who remain in scope has been significantly reduced. In narrowing the scope of the summons, we are pleased that the Court acknowledged the privacy rights at stake in this matter.
Saw this Bitcoin story today. Strongly doubt its authentic, the guy doesnât seem too bothered
IRS action against Coinbase does not seem to have bothered Bitcoin all that much, Price is reading to take on $12,000
Well, better late than never. 
Goodluck mate!