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Anyone picking up some cheap BTC since the fall of Crypto? I hold some ADA and XRP, but now looking to snatch up some BTC. Any crypto fools [cough-cough] I mean investors here? I'm going to pick some up at the 3K level me thinks. Nov 26 18 05:41 pm Link I would wait if I were you (if I were me I would wait forever!!!). While it has plummeted I don't think it's hit bottom yet. In stock trading they call that "catching a falling knife". You will know it has hit bottom when it makes an attempt to rise a couple of times and on the third time manages to hold the gains. We have entered a bear market. Tariffs, interest rate hikes with no positive signs for change in sight. GM's announcement may slow the rate hikes a bit but will not solve the deep divide over tariffs. Buy low, buy when things are headed upwards. Buying when they are going down is poor strategy. Personally, I would buy some stocks instead (but not now!!!!). That's another topic. Nov 26 18 08:40 pm Link The market as a whole is still overvalued. The precarious economy, I suppose, might actually *favor* cryptocurrencies, but I sure would bet on that stuff even in a strong economy. More wacky than buying up gold, IMHO...... Nov 26 18 08:53 pm Link TEB-Art Photo wrote: I have worked at 2 locations in Arizona that are now mining gold again. Nov 26 18 11:35 pm Link You know, listening to some of the network pundits, we're heading into a recession, if we haven't already started earlier in the year. I live in po-dunk usa, and I just saw some type of financial loan place being built. I mean, they actually bought the land, built a building, and it's open 24x7 as well. We have payday loan places all over the place, as well as new banks being built everywhere. Well, I bought a 1/2 BTC today, and will add the other 1/2 at 3K if she gets there. Just for giggles. Nov 27 18 09:04 am Link PhillipM wrote: Your money, your choice. Bitcoin is not moderated or stabilized by any means. This chart shows the current direction and how low it could go. Nov 27 18 09:22 am Link Bitcoin is pretty close to a literal crap shoot. It isn't backed by anything and has no intrinsic value. People who want to buy think that it can return to it's previous highs mainly because it's been there before and therefor can go there again. Bitcoin has also been under 300 and can go there again too. You might be better off at an actual craps table. Sometimes people win at that and the chances might be better. Nov 27 18 09:23 am Link Heres my question..and the fact i am asking what is probably a stupid question and should prove why should never get into investing in bitcoin....if I buy say 1000 of bitcoin....can I lose that 1000 bitcoin if the bitcoin market tanks? what if I just want to own bitcoin to buy things online? if its possible to lose it due to the market, why buy? I thought you were just buying it like credit and you use it if you need it. Nov 27 18 10:03 am Link Tony From Syracuse wrote: Bitcoin is not backed by anything and is not pegged to anything. Your Bitcoin can evaporate 100% overnight and no one will bail you out. Nov 27 18 10:13 am Link MN Photography wrote: No worries folks either way. This is funny money I'm using for my crypto. The only downside is I don't get free drinks with it like a casino. Nov 27 18 10:29 am Link The text is interesting, the video makes it's point quickly and turns into a sales pitch. https://www.thestreet.com/investing/dej … t+Crash%3F Nov 29 18 10:27 am Link Interesting video to watch. Anyhoo, I'm in BTC to a small degree, and will hold off on adding more until 3K hits https://www.youtube.com/watch?v=XHMtyFx5zsU&t=466s Nov 29 18 05:10 pm Link PhillipM wrote: The text is interesting as well. Nov 29 18 05:24 pm Link Tony From Syracuse wrote: Yes, you convert your dollars into a crypto currency, and then the theoretical value of your virtual wallet will fluctuate with that currency's price. When you sell or use some of it for goods or something, then the price at that moment determines how much you have. Pretty much like any common stock in that sense. Nov 30 18 02:31 am Link Until energy becomes more natural and easier for the individual user to make his own, the cypto currency system is doomed to fail The planet's temp is increasing, and we have google and others sticking servers into the oceans thinking nothing bad could happen. Just based on electricity use, it is just a big pyramid scheme. Can you make money now? sure can, many markets work this way. Make your money, but bet your life on it. bad idea. Dec 02 18 12:15 am Link 空 wrote: Obviously you've never heard of Iceland, or other countries, where energy is dirt cheap, and large scale investments were made and or being made even today on mining crypto. Dec 06 18 05:12 pm Link Breaking 9K now, and we've only begun... I posted a great video a while ago about the 4 year journey, but it was yanked here, because they thought I was spamming. I just wanted to share what I saw, but they said,,, no-no-no...  Jun 16 19 07:20 am Link Okay you crazy kids... Which will we see first on BTC? 20K or 5K... Remember, BTC is known for 15% pullbacks from time to time. My pick? 20K, and onward. Jun 24 19 04:36 pm Link 13K today. The squeeze is on. Jun 26 19 10:05 am Link It is almost July, surely bitcoin is much more secure now than is was in May? Anyway, it was only 40 million times whatever it's worth now, just a drop in the bucket. These things happen...  https://www.cnbc.com/2019/05/08/binance … tolen.html Jun 26 19 11:05 am Link It has just now started it's next 4 year cycle. HODL Jun 26 19 03:44 pm Link if there ever is a accepted online currency, even though BTC has some panache as being one of the first, I think its considered too shadowy and wild to ever become one of the heavies moving forward. I suspect some player like google or something like that will put out something that becomes accepted and perfected as such and I think that would be something to invest heavily in. figure online currency will def be the future so its a foregone conclusion online currency someday will be the be all end all and how business is done, but I just think BTC right now is a rollercoaster ride that has no long term future but is like a car crash people want to watch. I am basing this literally on zero actual knowledge, just a gut feeling going by how others seem to talk about bitcoin. so invest away if you think something good is goin on. Jun 26 19 04:42 pm Link Hi tony. I have to be careful. I posted a link once to a vid I watched that got me in on BTC back around 3500 and the mod's pulled it, because they interpreted it as spam even though have no connection to this fellow. I'll message you the link. For your own educational purpose. I'm in for the next 3 years. Each to their own...  . FWIW, it's acting pretty good technically as well. Stuck it's nose past the .618 fib on the weekly, and stalled there. Looking for the usual 30% to 40% pull back soon. Don't get me wrong here. I'm not a trader. Just holding long. Jun 26 19 04:56 pm Link PhillipM wrote: If I'd only known in 2010 when they were worth less than a dime. Jun 28 19 07:55 am Link Kevin Fair wrote: 20/20 hindsight is such bliss.... Jun 29 19 05:03 pm Link Jul 02 19 01:04 pm Link Riot Blockchain Inc. (RIOT) is a cheap stock that tends to track Bitcoin at much lower cost ($2.80 a share as we speak). It often moves by higher percentages than btc. From January to April, RIOT moved from $1.29 to $6.14. From June 20-26, it moved from $2.46 to $3.66 – and out-of-the-money calls were up more than 2,000%. (You’d better have your timing down, if you’re going to trade the options.) The daily chart has pulled back and formed a new bottoming pattern, close to its June low, that says it’s moving up again in the immediate future. The chart suggests that the move will last 1.5-3 weeks. Jul 02 19 01:06 pm Link Camerosity wrote: Yep... I had some way back ago... I only have 2 now. BTC and ETH. BTC is my largest holding. Loved how it dropped down to the .382 fib. Picked up a bit more around there today. Jul 02 19 06:22 pm Link |
