Bitcoin (cryptocurrency)

[Manchester33]

If you're interested in Bitcoin, please read this...

http://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid/

It's a complete gamble and shouldn't be considered a serious nor a sensible investment.

 

[Scottyboi]

27. Up to 520. Down to 270.

Jesus incredible, wonder why he didn't take it out everyone seemed to be waiting for it to reach a $5 but I didn't trust it, no point me jumping in after a massive surge.

 

[Gelsons Dad]

well at 16:07 I bought a ton of ripple. About to check how it's done so far. I based my investment strategy on when the bird outside my office window flew off it's perch as I'm told that's the best indicator for crypto.
Back in a mo with the good/bad news ;-)

 

[Scottyboi]

well at 16:07 I bought a ton of ripple. About to check how it's done so far. I based my investment strategy on when the bird outside my office window flew off it's perch as I'm told that's the best indicator for crypto.
Back in a mo with the good/bad news ;-)

Why would you do that when it is being dumped for other coins? Could buy at a lower price and then hold them until any decent partnerships or news comes out.

 

[Gelsons Dad]

Why would you do that when it is being dumped for other coins? Could buy at a lower price and then hold them until any decent partnerships or news comes out.

LOL

Take a look at the ripple Euro price at 16:07.

 

[Scottyboi]

LOL

Take a look at the ripple Euro price at 16:07.

My coinmarket cap was on wrong time setting you get on at $2.07?

 

[Gelsons Dad]

My coinmarket cap was on wrong time setting you get on at $2.07?

At 16:07 it was trading at $1.9

I don't gamble and If I did I wouldn't be using wildlife as an indicator.

Take a step away from the keyboard mate.

 

[Scottyboi]

At 16:07 it was trading at $1.9

I don't gamble and If I did I wouldn't be using wildlife as an indicator.

Take a step away from the keyboard mate.

I'm in work so the coinmarketcap website loaded up an hour behind, I just looked at the dip and it said 2.07 that is an average from all exchanges. lol this forum is funny.

 

[SWP's back]

Jesus incredible, wonder why he didn't take it out everyone seemed to be waiting for it to reach a $5 but I didn't trust it, no point me jumping in after a massive surge.

Think he’s made 30 odd back in the last hour or so.

The market is off its fucking rocker.

 

[Scottyboi]

Think he’s made 30 odd back in the last hour or so.

The market is off its fucking rocker.

It is but it's 10x crazier for people like you that trade real stuff hahaha. I've only put a grand in won't do anything else but if it gets me a deposit on a house then it has served it's purpose.

 

[Scottyboi]

At 16:07 it was trading at $1.9

I don't gamble and If I did I wouldn't be using wildlife as an indicator.

Take a step away from the keyboard mate.

Would also be nice if you could tell us why you bought in at that time, you clearly know what you are doing, always interested in learning more thanks.

 

[Gelsons Dad]

Think he’s made 30 odd back in the last hour or so.

The market is off its fucking rocker.

One of my current students was an currency trader for one of the big banks here before jacking it in at 28 to become a pilot. We've been having a right laugh over the last week. He owes me 6 beers so far based on theoretical trades in ripple. My guesswork vs his "mates" tips.

 

[Gelsons Dad]

Would also be nice if you could tell us why you bought in at that time, you clearly know what you are doing, always interested in learning more thanks.

Mate read my posts again.

I did not buy anything.
I do not gamble my hard earned cash.

That you couldn't see that from my post should serve as a warning.

 

[Scottyboi]

Mate read my posts again.

I did not buy anything.
I do not gamble my hard earned cash.

That you couldn't see that from my post should serve as a warning.

Ah ok fair enough, so you only in here to make fun of the whole thing?

 

[AustinBlue]

Ah ok fair enough, so you only in here to make fun of the whole thing?

There's nothing funny about it. I'm watching the waiters and bus boys at my son's restaurant empty out their savings and run up credit card debt to buy crypto currency. There are huge swaths of people in struggling nations putting all their wealth into crypto currency. But the minute the liquidity get challenged (meaning when somebody wants actually dollars or sterling for their investment), it is very likely that it's going to collapse.

 

[Scottyboi]

There's nothing funny about it. I'm watching the waiters and bus boys at my son's restaurant empty out their savings and run up credit card debt to buy crypto currency. There are huge swaths of people in struggling nations putting all their wealth into crypto currency. But the minute the liquidity get challenged (meaning when somebody wants actually dollars or sterling for their investment), it is very likely that it's going to collapse.

People blindly doing stuff like that will get there fingers burnt just like anything. And every exchange has limits on how much you can withdraw at a time. I will post again in 6 months time and let you know where I am off a grand, no point posting in here it's not very helpful and is full of self indulgence. Anyone interested in talking about up and coming coins ect PM me if you want always like hearing about new things.

 

[mancityvstoke]

I'd love to know how you get on with it....and then how you get on actually cashing it back into real money.

 

[FlemishDuck]

There's nothing funny about it. I'm watching the waiters and bus boys at my son's restaurant empty out their savings and run up credit card debt to buy crypto currency. There are huge swaths of people in struggling nations putting all their wealth into crypto currency. But the minute the liquidity get challenged (meaning when somebody wants actually dollars or sterling for their investment), it is very likely that it's going to collapse.

Yeah i get you, i see the same in my enviroment for what i would otherwise recognise as people far less experienced in such matters and hardly able to miss the money.

I would like to ask 1 thing to the people investing in all sorts of coins right now: How easy would it be to liquidify youre theoretical value in such coins right away for dollars, especially when it would concern a lot of money?

 

[CityInWashingtonState]

How easy would it be to liquidify youre theoretical value in such coins right away for dollars, especially when it would concern a lot of money?

Not knowing - I'm almost certain it's very easy - unless you've a crap-ton invested.

Flip your question around - how hard is it to purchase bitcoins? Very easy.

So there's bound to be a market already extant for anyone wanting to sell bitcoins, albeit at some nominal charge (free market capitalism guarantees this).

The bigger problem is lack of confidence in the currency - if that begins to fail, the bottom will quickly drop out - and then, it'll be impossible to get back what you paid.

 

[M18CTID]

Perfectly fine here reason for the big drop is because coinmarketcap has took south koreas inflated exchanges off so the averages have dropped.

Yeah, the vast majority of coins took a hit because of that today.

One pattern I’ve noticed over the past few days is that Ethereum and Bitcoin often seem to do the opposite of each other so when one is on the up, the other is on the way down. I’m wondering whether there’s an opportunity in that by switching between the two but with the crypto market being so volatile it would require almost constant monitoring.