Crypto Currency Thread
Discussion
Paging DIMOTS, Paging DIMOTS.
dimots said:
Condi said:
See - I honestly dont understand it. And as for Dimonts, who suggested I go and read a paper written by the developers of bitcoin about how its going to change the world 'for gods sake think for yourself before believing what you read'. You might be right (or rather, he might be right) and its going to be the future. But a market is made of people with differing opinions. How about we do a swop? Say today's price is $6700, in 6 months time whatever the price is we'll pay the difference. If it goes up, I'll pay you the extra, if it goes down, you pay me the difference?
Sure we can do that. See you in six months.Condi said:
Paging DIMOTS, Paging DIMOTS.
dimots said:
Condi said:
See - I honestly dont understand it. And as for Dimonts, who suggested I go and read a paper written by the developers of bitcoin about how its going to change the world 'for gods sake think for yourself before believing what you read'. You might be right (or rather, he might be right) and its going to be the future. But a market is made of people with differing opinions. How about we do a swop? Say today's price is $6700, in 6 months time whatever the price is we'll pay the difference. If it goes up, I'll pay you the extra, if it goes down, you pay me the difference?
Sure we can do that. See you in six months.I came across this article today. I find it interesting but that's possibly only because it tends to agree with how I already felt about teh project.
https://bankunderground.co.uk/2018/11/13/the-seven...
James_B said:
It'd be shocking, shocking I tell you if someone tried to weasel out after agreeing to a deal like that...
I know, right??? But you know the game. We dont trade for a living because we like money, we trade because we have opinions and like to be right. The money is a nice consequence of being right more times than being wrong.
Go back 12 months in this thread and have a read. 
Quite entertaining as everyone was desperately trying to get on the BTC bandwagon wanting to know the best places to buy. Price was around $12k back then! I wonder how many people here are still sitting on some BTC having bought around that time?
I have 3.5 Monero which was bought last autumn when it was around $180 a coin iirc so I'm certainly not judging
. Currently $75 a coin as I write. I remember it peaked to around $400 at one point too. I was even planning to buy more when it went up to $230 ish as I thought it was going to go to the moon but I was working at the time and couldn't fit in getting to a bank to transfer the fiat to the Monero seller. In hindsight that probably saved me losing around £1000. I saw the writing on the wall for most of the other coins but I'm genuinely surprised the Monero has tanked as it is the perfect currency for black market trading.
Come on then, hands up which of you are nursing a sizeable loss after buying into the hype last year? Don't be shy!
Quite entertaining as everyone was desperately trying to get on the BTC bandwagon wanting to know the best places to buy. Price was around $12k back then! I wonder how many people here are still sitting on some BTC having bought around that time?I have 3.5 Monero which was bought last autumn when it was around $180 a coin iirc so I'm certainly not judging
. Currently $75 a coin as I write. I remember it peaked to around $400 at one point too. I was even planning to buy more when it went up to $230 ish as I thought it was going to go to the moon but I was working at the time and couldn't fit in getting to a bank to transfer the fiat to the Monero seller. In hindsight that probably saved me losing around £1000. I saw the writing on the wall for most of the other coins but I'm genuinely surprised the Monero has tanked as it is the perfect currency for black market trading.Come on then, hands up which of you are nursing a sizeable loss after buying into the hype last year? Don't be shy!
Down about £1500 on Etherium, would have been more but I cashed some in a while back and also traded some for some other crypto which while they haven't tanked from the price I bought them for, haven't really gone anywhere either. It all depends on timing, if I'd sold my ETH at their peak, I'd have been up by quite a bit.
It was always a long shot and money I could afford. Luckily most of my other investments are doing rather well so not the end of the world.
Some you win, some you lose.
It was always a long shot and money I could afford. Luckily most of my other investments are doing rather well so not the end of the world.
Some you win, some you lose.
I sat through the complete previous bubble cycle from 2013 to 2015/16.
So far I'm amazed at how similarly this one is panning out.
I got into this intending to take stock in 2020. Nowt has changed. The one great unknown is a wider market meltdown. Bitcoin has had the luxury of rising during an unbroken bull run elsewhere. Interesting to see what'll happen if that changes.
So far I'm amazed at how similarly this one is panning out.
I got into this intending to take stock in 2020. Nowt has changed. The one great unknown is a wider market meltdown. Bitcoin has had the luxury of rising during an unbroken bull run elsewhere. Interesting to see what'll happen if that changes.
bloomen said:
I sat through the complete previous bubble cycle from 2013 to 2015/16.
So far I'm amazed at how similarly this one is panning out.
I got into this intending to take stock in 2020. Nowt has changed. The one great unknown is a wider market meltdown. Bitcoin has had the luxury of rising during an unbroken bull run elsewhere. Interesting to see what'll happen if that changes.
The problem is Crytpcurrency didn't have anywhere near this kind of exposure in 2013 but by November 2017, my local newsagent was asking me how to buy Bitcoin. Lots of amateurs piled in and most would have got burnt. It's very doubtful those people will be back, ever and without the masses where is the growth for the next cycle going to come from?So far I'm amazed at how similarly this one is panning out.
I got into this intending to take stock in 2020. Nowt has changed. The one great unknown is a wider market meltdown. Bitcoin has had the luxury of rising during an unbroken bull run elsewhere. Interesting to see what'll happen if that changes.
Lemming Train said:
HODL HODL !! It's just a temporary dip and then it will bounce back to the mooooooon !! 
You have to remember, every rise shows the rampers on here are right, every fall is irrelevant as we are just thinking too short term and it’s the future of money.And edited to add, us sheeple need to remember that we are not intelligent enough to understand the game theory being played out.
Edited by James_B on Tuesday 20th November 06:59
Some people know I am stupid enough to trade so I received quite a few calls from November last year asking about crypto from people who never usually invest / trade.
It struck me of the old, 'when your hairdresser asks it's a bubble' line that gets regurgitated.
It's certainly a time where the short term trade becomes a long term investment.
The meme-infused nature of 'HODL', makes light of a profound psychological flaw we have, which is why most people fail at speculation.
It struck me of the old, 'when your hairdresser asks it's a bubble' line that gets regurgitated.
It's certainly a time where the short term trade becomes a long term investment.
The meme-infused nature of 'HODL', makes light of a profound psychological flaw we have, which is why most people fail at speculation.
Edited by anonymous-user on Tuesday 20th November 10:54
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