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Discussion in 'Shiny Things' started by Proveick, Nov 3, 2017.
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!
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
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.
Another one? I think your talking about https://www.nicehash.com/
At first i thought you were talking about this one... https://tether.to/tether-critical-announcement/
Gettin hard for me to keep up!!
Well crap, since I posted this going to drop some cheese in.
Started at 9k . . . ..now what?
At 14.4 now. Wait for a dip but that is hard to judge, but overall get in and just wait.
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.
Going to wait for the over exuberant Christmas shopper spending.
Bet there will be a correction after Christmas, I hope.
This is ridiculous. Grr
15.7 this morning.
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
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.
Holy shit, buckle up!
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...
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.
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.
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?
Him: Exactly. I invested in the only oil company that went out of business. That was my reminder to never invest.
Futures trading starts Sunday, so I'd expect a huge correction come Monday, but who knows with bitcoin.