Crypto Currency Thread
Discussion
Behemoth said:
Indeed. Any new people, be careful. BTC has experienced 60% drops every quarter since pretty much forever. If you can't handle that sort of volatility, now is probably not the right time to jump on. When it drops, as it surely will, plenty of Bitcoin is Dead FUD will ensue until the next ramp up begins afresh.
Yep, I cashed out at 11400 when it started to turn - if it shows signs of keeping rising once all the Americans are awake, I'll be right back on it!guindilias said:
Behemoth said:
Indeed. Any new people, be careful. BTC has experienced 60% drops every quarter since pretty much forever. If you can't handle that sort of volatility, now is probably not the right time to jump on. When it drops, as it surely will, plenty of Bitcoin is Dead FUD will ensue until the next ramp up begins afresh.
Yep, I cashed out at 11400 when it started to turn - if it shows signs of keeping rising once all the Americans are awake, I'll be right back on it!
- seriously steep drop!Behemoth said:
Store of value is acceptance. There is only one crypto able to secure value long term. As for transactions, it will take a while before secure and easy to use layers are in place. There's no rush.
Why does a high price relative to other things suddenly make it a store of value?Behemoth said:
XMT said:
Its mental, its went to 11k+ usd
Indeed. Any new people, be careful. BTC has experienced 60% drops every quarter since pretty much forever. If you can't handle that sort of volatility, now is probably not the right time to jump on. When it drops, as it surely will, plenty of Bitcoin is Dead FUD will ensue until the next ramp up begins afresh.limpsfield said:
Love this
"Pole dancing instructor Dee Heath is riding the surge with her fitness business in western Sydney.She has spent $5,800 on Bitcoin since July and has more than tripled her investment.
"Look, I love pole dancing but lately my passion has definitely been Bitcoin," she told SBS News."
https://www.sbs.com.au/news/article/2017/11/21/ris...
I admit that i'm quite passionate about sitting on my arse doing nothing as I make money although that doesn't always work out. "Pole dancing instructor Dee Heath is riding the surge with her fitness business in western Sydney.She has spent $5,800 on Bitcoin since July and has more than tripled her investment.
"Look, I love pole dancing but lately my passion has definitely been Bitcoin," she told SBS News."
https://www.sbs.com.au/news/article/2017/11/21/ris...
Dash has now gone through $700. It was less than 2 weeks ago I was looking at it at $400 and thinking $500 should be achievable within the next week.
Litecoin also gone through $100 mark. Everything is flying up and Ripple is being boring.
I'm telling myself i'm in this for the longer game and in terms of ROI I think Ripple offers the best potential return over the next year or so. Maybe i'll pick up some other coins though in order to diversify a little.
Litecoin also gone through $100 mark. Everything is flying up and Ripple is being boring.
I'm telling myself i'm in this for the longer game and in terms of ROI I think Ripple offers the best potential return over the next year or so. Maybe i'll pick up some other coins though in order to diversify a little.
XMT said:
Behemoth do you think it will drop below 10k USD?
That's very possible, especially if it doesn't march up to 13k or so (giving a nice trampoline @ 10k should it fall off a cliff). Latest news just in is NASDAQ Bitcoin futures. We'll see how that's digested properly (I think it stopped the fall just now). https://www.wsj.com/articles/nasdaq-plans-to-launc...There are major perils that could line up to knock the entire crypto market over the next Q. One is Tether which is a total nightmare waiting to blow up. The other is SEC regs on ICOs which would hit Eth & any ICO alts very hard (but might perversely benefit BTC).
guindilias said:
It's been going for 11 years, never been hacked or robbed, is regulated by the FCA, and it's super-handy and convenient for me - I wouldn't say that about any exchanges or wallets!
You don't own the cash. Someone else does. So it is subject to censorship (ie your account could be frozen, you transactions could be stopped). Do you really think that is more secure than you holding private keys in a Bitcoin Core wallet or a paper wallet? I don't. It might well be super-handy, I'll give you that.This is totally a bubble. This is not a normal market. Normal markets do not drop 30% in four days, then rally 50% the next four days. It’s penny shares on crack.
Bitcoin has doubled since the lows two weeks last Sunday.
You have people who want to get in and buy, like the pole dancer above, who have never bought a share in their lives.
Everyone who has bought and hold till now thinks they are some sort of genius, because the price has gone up and rewarded them. They have no strategy for taking profits.
I was around in the dot com bubble and met many who had made a return tenfold their initial investment if not more - but few managed to hold onto any significant chunk of those gains. When the tech market turned lower they bought all the way down.
I trade this via cfds and am still in. I could not give a monkeys about block chain or any of that- it’s just a price. It might go up another tenfold. On the other hand, maybe we have already seen the top. Either way this is a great case of speculative mania and fascinating to watch.
Bitcoin has doubled since the lows two weeks last Sunday.
You have people who want to get in and buy, like the pole dancer above, who have never bought a share in their lives.
Everyone who has bought and hold till now thinks they are some sort of genius, because the price has gone up and rewarded them. They have no strategy for taking profits.
I was around in the dot com bubble and met many who had made a return tenfold their initial investment if not more - but few managed to hold onto any significant chunk of those gains. When the tech market turned lower they bought all the way down.
I trade this via cfds and am still in. I could not give a monkeys about block chain or any of that- it’s just a price. It might go up another tenfold. On the other hand, maybe we have already seen the top. Either way this is a great case of speculative mania and fascinating to watch.
limpsfield said:
I trade this via cfds and am still in. I could not give a monkeys about block chain or any of that- it’s just a price. It might go up another tenfold. On the other hand, maybe we have already seen the top. Either way this is a great case of speculative mania and fascinating to watch.
I trade it via CFDs as well, and normal shares as well. you can make very good money if you are good at it. Tempted to buy back in now that it's rising again...Behemoth said:
You don't own the cash. Someone else does. So it is subject to censorship (ie your account could be frozen, you transactions could be stopped). Do you really think that is more secure than you holding private keys in a Bitcoin Core wallet or a paper wallet? I don't. It might well be super-handy, I'll give you that.
I started with $200 in Etoro, and have never put any more in. A few lucky trades, a few sensibly thought out ones, and I am well into 5 figures in the last 6 months or so. So even if the worst has happened, I'm only down a max of $200 "real" money!Gassing Station | Finance | Top of Page | What's New | My Stuff