Anyone here invest in Bitcoin?

Discussion in 'Shiny Things' started by Proveick, Nov 3, 2017.

  1. StAcKmAcK

    StAcKmAcK Putz

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  2. BillsR100

    BillsR100 Happy Paleoflatus

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    Me to, been investing for 30+ years. This is insane. I own none and not interested, but sure is fun to watch!

    this is how long it has taken the bitcoin to cross the key levels:
    • $0000 - $1000: 1789 days
    • $1000- $2000: 1271 days
    • $2000- $3000: 23 days
    • $3000- $4000: 62 days
    • $4000- $5000: 61 days
    • $5000- $6000: 8 days
    • $6000- $7000: 13 days
    • $7000- $8000: 14 days
    • $8000- $9000: 9 days
    • $9000-$10000: 2 days
    • $10000-$11000: 1 day
    • $11000-$12000: 6 days
    • $12,000-$13,000: <1 day!

    [​IMG]
    NikonsAndVStroms likes this.
  3. onurleft

    onurleft O.F.O

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    I think it has potential for occasional pull backs, but I have a friend who knows crypto currency well and his day trading bit him too. Get in and sit tight. There is evidence that the emotions of trading and trying to game the price usually gets you bit. It is tempting, but we haven't seen a pull back in a bit
  4. jkam

    jkam Marijuana Farmer

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    Another exchange/ mining operation hacked.
    You'd think that the people running these operations would have better internal security to keep this from happening.
    Glad I keep my crypto in a wallet that doesn't use online storage.
    It's probably just a matter of time before Coinbase, the biggy in the US gets hacked, so get your bits out of there
    and into another wallet that is offline.
  5. BillsR100

    BillsR100 Happy Paleoflatus

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    jkam likes this.
  6. Proveick

    Proveick Long timer

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    Well crap, since I posted this going to drop some cheese in.
    Started at 9k . . . ..now what?
  7. onurleft

    onurleft O.F.O

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    At 14.4 now. Wait for a dip but that is hard to judge, but overall get in and just wait.
    Proveick likes this.
  8. jkam

    jkam Marijuana Farmer

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    Dollar cost average is what I have decided to do.
    I got my initial at $3550 and my second buy at $6780
    I am going tomorrow with another $300 and will keep on doing so until I have one bitcoin.
    My current is .310.
    Hopefully, I can get that done before it goes through the roof.
    I'm buy and hold on this one, it's either going to the moon or crashing into vapor.
    Either way, I'm good, the ride has been spectacular so far and it's just getting going.
    Proveick and onurleft like this.
  9. onurleft

    onurleft O.F.O

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    ^^^^^^^^^^
    Bingo
  10. Proveick

    Proveick Long timer

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    Going to wait for the over exuberant Christmas shopper spending.
    Bet there will be a correction after Christmas, I hope.
    This is ridiculous. Grr
  11. onurleft

    onurleft O.F.O

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    15.7 this morning.
  12. BillsR100

    BillsR100 Happy Paleoflatus

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    I'm watching also.
    Because I find this fascinating, I'm reading up on the Tulip Mania in the 1630's, during that time, "..the average price of a single flower exceeded the annual income of a skilled worker." (source) So, bitcons need to reach around $50,000 to be of similar magnitude of the 1630's Tulip Mania?

    Edit: Steam, (Valve Corp) the world wide online gaming hub, stopped accepting bitcoins late yesterday.
    "As of today, Steam will no longer support Bitcoin as a payment method on our platform due to high fees and volatility in the value of Bitcoin."
    Steam is no longer supporting Bitcoin
    CaseyJones likes this.
  13. StAcKmAcK

    StAcKmAcK Putz

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    Almost 17 now. This is nuts, I've put stops on mine at 14,5. Somethings got to give, the trading volume is 3x what i usually see.
  14. StAcKmAcK

    StAcKmAcK Putz

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    Corection; 19k
  15. StAcKmAcK

    StAcKmAcK Putz

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    Holy shit, buckle up!
    onurleft likes this.
  16. Flipflop

    Flipflop Been here awhile

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    Crazy world ain't it...

    Not sure what to think about a byte or two of data has the value swing of a used car +/- in an afternoon...
  17. jkam

    jkam Marijuana Farmer

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    I think one of the main driving factors is people's lack of confidence in the current money systems.
    With the constant threat of war, many are looking for an alternative that they think is safer.

    I have been trying to get in on any corrections, but they are so short that you can't.
  18. BillsR100

    BillsR100 Happy Paleoflatus

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    I need to do some more book learnin.
    I dont understand why one web site currently says $15,495 https://www.coindesk.com/price/
    While another say's $16,299 https://www.cryptocoinsnews.com/bitcoin-price/
    I'm thinking one is asking price (bottom link) and the other real completed buy/sell prices (top link)?
    If so, there's a hell of a lot of money to be made in just hedging. Yes I know, there are many many bitcoin hedge funds out there.
  19. CavReconSGT

    CavReconSGT Just the right amount of evil.

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    My belief and that is all it is. Is that people are scrambling to buy this because 1. It's new and going up in price. 2. It has potential to replace currency worldwide. 3. It has the ability to be transnational and unaffected by local controls.

    I have no doubt that this a bubble, but, how long it sustains and what level it stabilizes at is the question. As with anything you get into on the ground floor, it has risk.


    I knew an old man who owned a restaurant. I worked for him in 1980 writing him a payroll program when I was a young guy still in school. All very new stuff back then. In the process I saw in his safe some papers I had never seen before, very ornate, interesting heavy paper. I asked him about them and asked what hey were. He took them out and showed them to me. I had never seen stocks before. They were from the 30's.

    Me: What are those?

    Him: Those are my reminders.

    Me: What do you mean?

    Him: Look at the name.

    I don't remember the name but it was an oil companies name.

    Hm: Have you ever heard of them?

    Me: No.

    Him: Exactly. I invested in the only oil company that went out of business. That was my reminder to never invest.

    :jack

    KR
  20. spagthorpe

    spagthorpe Long timer

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    Futures trading starts Sunday, so I'd expect a huge correction come Monday, but who knows with bitcoin.