Bitcoin (cryptocurrency)

andy1234uk said:
These are called Day Traders. Some are actually really good (co-ordinated PnD teams on discord and telegram), majority are probably like your friends.

The other side of the coin (heh) is people investing and leaving for a year or 2. Even if you do this, you will get sucked into the day trading for a week or two before you realise that day trading is shit.
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Heyyyy brother

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Day trading aint to bad if you know when to commit, atleast in regulat stock. Because stock listed companys have to release their data on a quarterly basis and stocks depending on their volatillety can move up quite a bit on a day that quarterly figures are released. So when i trade short term i tend to have a book with stocks and the date's they release quarterly figures and when i feel up for it ill buy some stocks in advance in the hope they jump on the day data get released and i can sell quick with a profit.

As to bitcoin, going down still, and it looks like a sharp knife you don't want to try to catch.
 
if you read the white papers for example of icon and dragonchain, they don't distance themselves from others nor they have an unique thing going on, i woudln't buy them

ico's for 2018 are difficult, becasue they are a worldwide hype

i liked, how it evolved from 2013 to 2017

now we have to wait untill the market will stabilise itself
 
hightimes said:
seriously, try seeing different peeple
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I do. I see high net worth clients that are serious investors.

The video refers to the QS’s and recruitment specialists, engineers and project managers and every other bloke that suddenly thought they’d found the answer to life’s ills in December.

Apologies if it hit a nerve.
 
SWP's back said:
I do. I see high net worth clients that are serious investors.

The video refers to the QS’s and recruitment specialists, engineers and project managers and every other bloke that suddenly thought they’d found the answer to life’s ills in December.

Apologies if it hit a nerve.
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Reminds me of that poker quote ‘if you can’t spot the sucker at the table then you are the sucker.’ I knew this was going to blow up and should have bailed in december when people that have no idea what cyroto is all about suddenly started seeking me out and giving me advice, as if they were experts.

I’m holding out of principle because I love what crypto represents and believe in its value but this downswing might get a lot uglier.
 
Even stupider are the people "buying the dip". Jesus Christ.

FYI, in the boy who cried wolf, thete was eventually a wolf.
 
Damocles said:
Even stupider are the people "buying the dip". Jesus Christ.

FYI, in the boy who cried wolf, thete was eventually a wolf.
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I'd sort of disagree with this, (if its small investments) although aside from a trade of btc for lisk I don't invest myself, (I've been accepting Cryptos as payments for a software biz ages now), but from history in regards to btc it usually sees a climb after a dip which can be really fast before its inevitable dip again. The volatile nature of it all means buying when its low usually see some gains after a while if your sensible.

However I would leave well alone for now as I think it will fall much lower to around the $5000 mark this month before it pushes on again which was where it was before its recent rally and hopefully the hype dies down after all the DEC get rich quick band wagon jumpers sell off. I believe Cryptos are the future so despite all the government Backlash's dragging it down at moment it will maintain value
 
dublinblue12 said:
I'd sort of disagree with this, (if its small investments) although aside from a trade of btc for lisk I don't invest myself, (I've been accepting Cryptos as payments for a software biz ages now), but from history in regards to btc it usually sees a climb after a dip which can be really fast before its inevitable dip again. The volatile nature of it all means buying when its low usually see some gains after a while if your sensible.

However I would leave well alone for now as I think it will fall much lower to around the $5000 mark this month before it pushes on again which was where it was before its recent rally and hopefully the hype dies down after all the DEC get rich quick band wagon jumpers sell off. I believe Cryptos are the future so despite all the government Backlash's dragging it down at moment it will maintain value
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A couple of things to consider:

Early technology pioneers rarely become the main benefactor as Netscape, Xerox, Motorola and others will attest.

Bitcoin currently has lots of people investing money into it as a value store which somewhat stupidly devalues its use as a fiat currency.

Bitcoin crossed into the public whereby a large amount of people don't understand what it is properly, what it does, how it works or the drawbacks in it. This is just gambling as they have no economic backing to their investment.

Other cryptos look like better products. A big thing is how BTC is priced in comparison to these. It has no value to it as an actual product.

Nobody ever believes they're in a bubble until it pops.

Although BTC may or may not rise in the future, this doesn't change any of the above statements.
 
Sure buying on a dip can be quite profitable, it depends if you can buy at absolute bottom before things go up again. The question is "where's the bottom".

This was floating around the internet in relation to valuation:

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If you can buy at the bottom of the blow off phase perhaps it will be a good deal if bitcoin remains exchangeable for dollars, but thats a deep dip.

As it is however people who buy now would be "trying to catch a falling knife" as the investers proverb goes. The thing with buying on a serious downturn is that rarely stocks will jump up as fast as they can go down, so typically you have some time at the bottom to decide rather than it would be a matter of "it's then or never". Personally i like buying stocks when they are cheap, but you will never see me buying stocks as the stock is at a downturn of loosing 5-10% value per day, i tend to wait until the bottom is formed and the first signs of upturn gome back, basicly roughly at the point that is right above the T of time in the graph on the right.

Damocles said:
Bitcoin crossed into the public whereby a large amount of people don't understand what it is properly, what it does, how it works or the drawbacks in it. This is just gambling as they have no economic backing to their investment.
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Could not be different than gambling/speculation as there are no quarterly figures to read. There really is no data other than what bitcoin appears to be worth according to buy/sell.
 
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For the life of me I cannot understand what this crypto currency thing is all about, ive read about it but its not sinking into this aging brain at all, mind you I can hardly work an Iphone it has to be said...!
 
Blue Til Death said:
For the life of me I cannot understand what this crypto currency thing is all about, ive read about it but its not sinking into this aging brain at all, mind you I can hardly work an Iphone it has to be said...!
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Doesn't matter for you, you don't need to know. I presume you don't invest in it anyways, and neither do you need it for transactions. Perhaps you see the hype and wonder if youre missing out on something but at this point it looks for the best that you hadn't stepped in recently.
 
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