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Who had a "Gut Feeling" about Bitcoin?

Discussion in 'Topical Discussions (In Depth)' started by Fatboy, May 22, 2017.



  1. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Ethereum continues to dump. Now down to $192.
     
  2. goldielox1

    goldielox1 Silver Miner Seeker

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    Wow what a turd.

    What is that 50% down in one month?
     
    Last edited: Jul 12, 2017
  3. Gun Ban Extremist

    Gun Ban Extremist Seeker Seeker

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    Yes, but that just means it's up 20x instead of 40x over the last few months. Besides, it's back to around $230 as of now.

    You've got to have a "long-term perspective," which here means weeks or months instead of days...
     
  4. goldielox1

    goldielox1 Silver Miner Seeker

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    The point isn't whether it's up or down, it's that it trades like and has the volatility of a penny stock.
     
  5. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    And ethereum is down back to $188
     
  6. Joe King

    Joe King Gold Member Gold Chaser

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    As I've said before, that's due to how small the crypto market actually is. It seems silly to think that brand new markets such as this should behave as a mature market 10,000 (or more) times it's size would behave.
    Ie: what you are watching is free market price discovery, raw and uncut.
     
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  7. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Bitcoin is now under $2000 and falling. Last bitcoin quote was $1996.28 when I pulled up coindesk.com and Ethereum is now $168.11. Just about every crypto is down and there is more red on the screen.
     
  8. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    ^^^^^^^^^^^^^^^

    Bitcoin is now at $1993.01 (Coindesk.com quote) as I write this post. I could be wrong here but Etheruem has the biggest loss of the top 10 cryptos and bitcoin is, relatively speaking, holding up during the overall crypto market slide. I guess being the 1st and largest crypto has its advantages.
     
  9. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Are you going to buy the dip? Or do you not trust it right now.
     
  10. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Technically I am out of bitcoin when I sold my small bitcoin investment in May when the BTC $ price was $1870 but I am still in cryptos since I still have Bitshares and Dogecoin. I do not plan to take any action regarding the cryptos at the moment. At this time, I am just eating my popcorn and watching the crypto action on my computer screen.

    EDIT: I meant to add that if Bitshares (BTS) made another major move up and went much higher from where I last sold (last sold when BTS was in the 11,000 satoshi range), then I will sell more BTS to take more profit.
     
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  11. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Bitcoin is now at $1982.20 (Coindesk.com quote) and Ethereum is at $166.997 (Coindesk.com quote) as I type this post. The crypto bloodbath continues.
     
  12. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Bitcoin is now at $1975.96 (Coindesk.com quote) and Ethereum is at $165.43 (Coindesk.com quote) as I type this post. I think that a lot of this down movement has to do with August 1 scaling deadline (possibility of an upcoming Bitcoin hard fork).
     
  13. Someone_else

    Someone_else Gold Member Gold Chaser

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    No! Bitcoin is not an investment! It can be a useful payment method, like money orders or Paypal. But who would "invest" in postal money orders? That's just stupid.
     
  14. Joe King

    Joe King Gold Member Gold Chaser

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    Yep, but to be used as a payment method one must have some to pay with. If one has plans to use btc as a payment method at some point in the future and also thinks the price will go back up before then, it might be wise for that person to buy now. Time will tell.
     
  15. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    It was recovering, but now bitcoin is at $1900, and ethereum is at $141
     
  16. goldielox1

    goldielox1 Silver Miner Seeker

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    Stinkie.
     
  17. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    I think it got as low as $1850-ish range before bouncing back up. It is now at $1940.41 according to Coindesk.com and Ethereum is at $152.50. As July 3 gets closer, the possibility of a bitcoin hardfork gets closer to reality. Between now and July 31, 2017, I suspect that there will be more volatility and more downside to come as the bitcoin scaling uncertainty continues.

    To get an idea of what might happen to bitcoin on July 31, 2017, the following Coindesk.com article will explain it:

    http://www.coindesk.com/bitcoin-scaling-watch-news-guides-navigate-coming-clash-code/

    As much as I am a bitcoin and crypto enthusiast/investor, I am staying away from bitcoin until after all of this scaling controversy clears up after July 31. There is too much going ATM and I want to see what happens after July 31 in regards to how the possible bitcoin hardfork will affect regular users and investors of bitcoin.
     
  18. goldielox1

    goldielox1 Silver Miner Seeker

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    What's the best way to short sell cryptos?
     
  19. Joe King

    Joe King Gold Member Gold Chaser

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    I'm not sure there is one. With btc, you pretty much either own 'em or you don't.
    ...and it'll likely do what it's done the last 4 or 5 times it's hit a new high. Ie: fall back for a bit as support builds for the next run up.

    Anytime anything runs up as high and as quick as btc has, you almost gotta expect pull backs. It's the same thing we watched Au/Ag do in 2011, except in the time since, btc has run up and fallen back only run up again 4 times. Au should do so well. Maybe someday......o-ver the rainbow!
     
  20. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    bitcoin up 18% for today, back up to $2235. It's recent low was around $1835 or so.
     
  21. goldielox1

    goldielox1 Silver Miner Seeker

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    I believe I read there will be an ETF soon. Once the ETF is setup it should be no problem shorting the ETF. Or was it options were to be offered? Could buy greatly in the money put options.
     
  22. goldielox1

    goldielox1 Silver Miner Seeker

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    Can't wait for the CNBC talking heads to start coming in and explaining the crypto movement the way they do after the fact when stocks go up or down.
     
  23. Joe King

    Joe King Gold Member Gold Chaser

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    Supposedly, options.
     
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  24. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Wow, bitcoin is up 24% back to 2849.
     
  25. Someone_else

    Someone_else Gold Member Gold Chaser

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    It follows that Bitcoin holders are not willing to sell for $2500. Are they all so optimistic about the future price? Or are they complacent because they got in at $100 and are willing to ride it out to see where it goes?

    How many of us got silver at $10 or less and did not sell at $45 or higher? Yep, me too. "Next time will be different." Maybe.
     
  26. Joe King

    Joe King Gold Member Gold Chaser

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    Back "down" to $2734, but yea, right back up to where it was prior to its "collapse".


    Is this how bubbles are supposed to work?
     

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