Crypto Currency Thread

[Maxf]

Behemoth said:

This tweeter is usually amongst the first to report China BTC news to the west:

https://twitter.com/cnLedger

It's after 5pm in Beijing now, so my guess is anytime soon.

Yunbi are closing, who I think are a very small player - but it doesnt look great.

[guindilias]

Reuters normally pretty reliable - http://uk.reuters.com/article/us-bitcoin-china-exc...

[traxx]

The Spruce goose said:

I've still made a profit this week I think btc still has some wind back, but a lot still have faith. Even without China the Japanese and Korean markets are massive along with rest if world.

China taking control still means exchanges could cone back again later in year or next year.

Cant help but feel that many other Central Banks will follow and ban Crypto Currency exchanges - the massive price drop will let them just say that they are doing it to protect customers

[okgo]

To the holders, you still thinking about holding now ha?

[anonymous-user]

traxx said:

Cant help but feel that many other Central Banks will follow and ban Crypto Currency exchanges - the massive price drop will let them just say that they are doing it to protect customers

for a start it is legal in japan so that is one market at the least. it is always pioneer times i still have faith but i'm not stupid i never hold i take profit and always read up on the current status.

[Behemoth]

okgo said:

To the holders, you still thinking about holding now ha?

When I read comments like this on a forum like this, it's a huge buy signal

Be fearful when others are greedy and greedy when others are fearful

[okgo]

Behemoth said:

When I read comments like this on a forum like this, it's a huge buy signal

Be fearful when others are greedy and greedy when others are fearful

This comment lead me to buy more

[Behemoth]

okgo said:

This comment lead me to buy more

[rufusgti]

okgo said:

To the holders, you still thinking about holding now ha?

Spoke too soon

[garylythgoe]

I've gone in, relatively big (for me).

First transaction I've done (meaningful one).

Gulp.

[x5x3]

garylythgoe said:

I've gone in, relatively big (for me).

First transaction I've done (meaningful one).

Gulp.

welcome to the rollercoaster ride

[anonymous-user]

So china says no more crypto and a slight dip but btc is still strong, you can't really get a better strength test than that. Again I got it wrong.

[Behemoth]

The Spruce goose said:

So china says no more crypto and a slight dip but btc is still strong, you can't really get a better strength test than that. Again I got it wrong.

I think a bigger strength test is when mining is banned. Bitcoin will hold through but it'll get volatile for a while again.

[EViS]

Is there any benefit in buying BTC through one of the larger exchanges such as Coinbase or Kraken versus the 'marketplace' sites which are based around Escrow such as Local Bitcoins or Bittylicious?

When it comes to selling BTC back to GBP, what's the procedure? And how do you sell BTC at a particular price in time (i.e. if the price is currently at £3000 /btc, how would you sell at that price without ending up with a completely different amount by the time the transaction into GBP has cleared? Or are sale prices instant despite a bank transfer taking a couple of days from the exchange)?

[Maxf]

The Spruce goose said:

So china says no more crypto and a slight dip but btc is still strong, you can't really get a better strength test than that. Again I got it wrong.

you and me both!

To make it worse, I'm still waiting for my withdrawal to clear from Kraken!

[ATV]

To get a 1,000% return in 2-3 years on Bitcoin now would require a price rise from $3,000 to $30,000 which I don't think is very likely.

However a 1,000% return on Ether coins sounds more doable ($250 to @ $2,500 by 2019)

Would love to hear PHers thoughts on this?

[anonymous-user]

No one really knows, if you want to make 100 times, i would look at coins that are in early stages. This year has seen exponential growth.

i would say BTC has a greater chance of increasing in value, due to the supply and demand factors, whereas eth seems to be in demand due to ICOs which i think will start to wane.

[Behemoth]

ATV said:

To get a 1,000% return in 2-3 years on Bitcoin now would require a price rise from $3,000 to $30,000 which I don't think is very likely.

However a 1,000% return on Ether coins sounds more doable ($250 to @ $2,500 by 2019)

Would love to hear PHers thoughts on this?

Just buy 0.083 BTC and you'll be fine

[sc0tt]

I'm going to bite the bullet and lump a £1000 on ether.

Thoughts or a big no no...

Coin base ok for the transaction?

[okgo]

I might be being very stupid here, but the coins all seem to fluctuate in perfect unity basically?