OILERMAN Posted December 22, 2017 Report Share Posted December 22, 2017 So obvious it would and will tank Justafan 1 Link to post Share on other sites More sharing options...
9 Nines Posted December 22, 2017 Report Share Posted December 22, 2017 I liquidated all my stocks to use all the proceeds to buy bitcoins yesterday. I am so mad right now. OILERMAN 1 Link to post Share on other sites More sharing options...
pat Posted December 22, 2017 Report Share Posted December 22, 2017 7 hours ago, 9 Nines said: I liquidated all my stocks to use all the proceeds to buy bitcoins yesterday. I am so mad right now. Hold on, and have a reasonable standing buy order in place. And protect your wallet, don't leave it sitting on an exchange. It will take a while, but I think Bitcoin is inherently a volatile currency that builds up to peaks. It's innate value is secrecy. There is a value to privacy. It has a constrained supply. It is easy to buy, hard to sell. The protocol seems to create these bubbles. Hold it for the next bubble and sell quickly. Link to post Share on other sites More sharing options...
9 Nines Posted December 23, 2017 Report Share Posted December 23, 2017 58 minutes ago, patsplat said: Hold on, and have a reasonable standing buy order in place. And protect your wallet, don't leave it sitting on an exchange. It will take a while, but I think Bitcoin is inherently a volatile currency that builds up to peaks. It's innate value is secrecy. There is a value to privacy. It has a constrained supply. It is easy to buy, hard to sell. The protocol seems to create these bubbles. Hold it for the next bubble and sell quickly. Sorry - I was joking but thanks for seriously trying to help etc. pat 1 Link to post Share on other sites More sharing options...
Downtown Posted December 27, 2017 Author Report Share Posted December 27, 2017 Its all coming back and will keep climbing in 2018. That short downturn was just fund managers cashing out all at once and profiting before the end of the year. I took a small amount and bought low. Kinda fun gamble. Link to post Share on other sites More sharing options...
Supdawg Posted December 29, 2017 Report Share Posted December 29, 2017 Just recently joined the fold in the past month. A little late, but whatevs. Been a steep learning curve... I have been trying to get into XRP since mid Dec to no avail. Buying from coinbase is so slow via ACH. I started looking at XRP at .25. Today its up to 1.87. Has taken over ETH as the #2 in market cap. $72B... Crazy Total Crypto Market cap closing in on $600B. Still has significant room for growth. Link to post Share on other sites More sharing options...
Starkiller Posted January 17, 2018 Report Share Posted January 17, 2018 Bitcoin down by half since its peak less than a months ago https://arstechnica.com/tech-policy/2018/01/bitcoin-plunges-now-down-42-percent-from-december-peak/ Link to post Share on other sites More sharing options...
Jamalisms Posted January 17, 2018 Report Share Posted January 17, 2018 https://techcrunch.com/2018/01/15/researchers-finds-that-one-person-likely-drove-bitcoin-from-150-to-1000/ Starkiller 1 Link to post Share on other sites More sharing options...
OILERMAN Posted January 17, 2018 Report Share Posted January 17, 2018 On 12/26/2017 at 10:44 PM, Downtown said: Its all coming back and will keep climbing in 2018. That short downturn was just fund managers cashing out all at once and profiting before the end of the year. I took a small amount and bought low. Kinda fun gamble. More people taking profits? Link to post Share on other sites More sharing options...
Downtown Posted January 17, 2018 Author Report Share Posted January 17, 2018 9 hours ago, OILERMAN said: More people taking profits? This morning's sell-off was definitely alarming and a response to regulatory rumors. But its already responding and having a huge rally to end the day. Its a market that traditional models just can't understand. Its like hyper trading. I'm still long on it for 2018. I was down big this morning, didn't panic, and its already coming back. I still think 2018 will see crypto hit an astronomical rally before the real decision on regulations come down. But I'm calling bullshit on Asian regulations. Too many citizens are using crypto now. Like bigger banks, it is becoming too big to fail. Link to post Share on other sites More sharing options...
abenjami Posted January 18, 2018 Report Share Posted January 18, 2018 What goes up must come down. Now for the DJIA!!! Link to post Share on other sites More sharing options...
Cyrus Posted January 18, 2018 Report Share Posted January 18, 2018 7 hours ago, Downtown said: This morning's sell-off was definitely alarming and a response to regulatory rumors. But its already responding and having a huge rally to end the day. Its a market that traditional models just can't understand. Its like hyper trading. I'm still long on it for 2018. I was down big this morning, didn't panic, and its already coming back. I still think 2018 will see crypto hit an astronomical rally before the real decision on regulations come down. But I'm calling bullshit on Asian regulations. Too many citizens are using crypto now. Like bigger banks, it is becoming too big to fail. Beware the dead cat bounce. Conventional forex traders can have confidence in currencies because they’re often backed by legitimate governments with tangible economies and markets. Bitcoin has value primarily because of black markets and illicit trade. That makes it ripe for regulation and intervention by law enforcement. If you truly believe that traditional models cannot comprehend crypto then you have to admit that you’re flying blind. There’s no reference - it really is pure speculation. And that’s super dangerous. mmmmmbeeer 1 Link to post Share on other sites More sharing options...
abenjami Posted January 18, 2018 Report Share Posted January 18, 2018 2 hours ago, Cyrus said: Beware the dead cat bounce. Conventional forex traders can have confidence in currencies because they’re often backed by legitimate governments with tangible economies and markets. Bitcoin has value primarily because of black markets and illicit trade. That makes it ripe for regulation and intervention by law enforcement. If you truly believe that traditional models cannot comprehend crypto then you have to admit that you’re flying blind. There’s no reference - it really is pure speculation. And that’s super dangerous. And of course the key is to get out way before regulation happens. Because before it actually happens, the insiders will get out and it will take it’s dive before the public even knows regulation is close. Link to post Share on other sites More sharing options...
OILERMAN Posted January 18, 2018 Report Share Posted January 18, 2018 1 hour ago, abenjami said: And of course the key is to get out way before regulation happens. Uh oh, market timing with a little crypto added in! Justafan 1 Link to post Share on other sites More sharing options...
Jamalisms Posted January 18, 2018 Report Share Posted January 18, 2018 What's the market doing today? What's one bot manipulating the market to do today? Same question. Link to post Share on other sites More sharing options...
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