Bitcoin - Part 2

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Samson said:
Bitcoin at 8473 right now, sell it with your ears pinned back.
I will tell you exactly when to take profit.
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Same old. "When" might be 3 a.m. local time on August 3rd, which is not much use. What we need are stop-loss and stop-win limits.
 
GlennB said:
Same old. "When" might be 3 a.m. local time on August 3rd, which is not much use. What we need are stop-loss and stop-win limits.
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Stop loss is 8744

Like all traders I find stops are magnets, but at least you are making sense.
I see no need to stake out a profit target after the last pitchforking by the villagers. As I said I will post it.
 
Eddie Dane said:
Dammit.

I'm looking to buy or build a super powerful PC for video-editing and some components have doubled in price due to the crypto miners buying up all the high-end graphics cards.

NVIDEA's stock has shot up by 80% since early 2016.

Who made all the money in the gold rush again?
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ATI made even more. Their cards are not so popular because they always had more compatibility issues with new games. That's not a problem for mining.

But srsly .. who made all the money ? People who got into BTC when it was $100. True, they all did it to buy illegal goods online .. but they are super rich now.
 
Dr.Sid said:
ATI made even more. Their cards are not so popular because they always had more compatibility issues with new games. That's not a problem for mining.

But srsly .. who made all the money ? People who got into BTC when it was $100. True, they all did it to buy illegal goods online .. but they are super rich now.
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I don't think that's entirely fair. Many bought BTC because they thought it would revolutionize payment technology. Crypto still might, even if BTC isn't the ultimate token.

I do believe that at some point, no guess as to when, there will emerge a crypto token that is widely adopted. This is the key to any crypto's value. I got lucky with BTC but I didn't buy it to make money. I actually thought at the time that it would take a prominent place in online payment processing. That hasn't really happened yet (although its worth noting that Dish, Overstock and a few other online retailers take bitcoin as payment; there are bitcoin atms in Vegas!) but the market is still developing. The open question is: which token will gain wide adoption? Given that there are about 1300+ cryptos out there, it's way too early to make a guess.

In the meantime, my interest now piqued, I've bought a few upcoming cryptos for really cheap: Electroneum is the one I think is most interesting given the project's ambitions. I bought 300 ETN for right around $.05. Let's see what happens!
 
xjx388 said:
I don't think that's entirely fair. Many bought BTC because they thought it would revolutionize payment technology. Crypto still might, even if BTC isn't the ultimate token.
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Sure, I was just joking. But those people made serious gains. One guy here got 1BTC in 2011 as a donation for movie review. Wasn't even $10 back then.
 
xjx388 said:
(snip).

In the meantime, my interest now piqued, I've bought a few upcoming cryptos for really cheap: Electroneum is the one I think is most interesting given the project's ambitions. I bought 300 ETN for right around $.05. Let's see what happens!
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For the exchanges who need the income every cent counts.

Remember the programmer who made a ton of money by rounding transactions down to the nearest cent and then putting the fraction into his bank account?
 
Samson said:
Stop loss is 8744

Like all traders I find stops are magnets, but at least you are making sense.
I see no need to stake out a profit target after the last pitchforking by the villagers. As I said I will post it.
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A bit of a modestly rollercoaster day so far, but currently up ~100 on your 'sell' mark. But tell me - if you judge that it isn't looking good, will you take credit for a 20 point profit on the trade? Given the 270 point stop-loss you suggested, I mean. Risk/reward, and all that.
 
So it's $8600 now, you guys still confident on your predictions for when it goes below $1000? March 1st for Dr Sid i think, April was another one I believe, and Partskeptic under $1000 by April 1st.
 
PartSkeptic said:
For the exchanges who need the income every cent counts.

Remember the programmer who made a ton of money by rounding transactions down to the nearest cent and then putting the fraction into his bank account?
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You mean Gus Gorman, programmer extraordinaire from Superman III?

The thing is, I have 300 ETN. If the value ever rises, I can cash it in. If the currency gains wide adoption, I can use it to buy things. Sure, if it disappears tomorrow, then someone got my $15. But the same thing could have been said to the people who bought BTC for pennies back in 2011.

It's a gamble but a cheap and low-risk one; I could cash it in right now if I wanted to (the price is currently hovering around $.07). I'm thinking I will just hold it for awhile and cross my fingers.
 
Samson said:
Stop loss is 8744

Like all traders I find stops are magnets, but at least you are making sense.
I see no need to stake out a profit target after the last pitchforking by the villagers. As I said I will post it.
Click to expand...
It got to 8737. :eye-poppi
 
xjx388 said:
You mean Gus Gorman, programmer extraordinaire from Superman III?

The thing is, I have 300 ETN. If the value ever rises, I can cash it in. If the currency gains wide adoption, I can use it to buy things. Sure, if it disappears tomorrow, then someone got my $15. But the same thing could have been said to the people who bought BTC for pennies back in 2011.

It's a gamble but a cheap and low-risk one; I could cash it in right now if I wanted to (the price is currently hovering around $.07). I'm thinking I will just hold it for awhile and cross my fingers.
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I've been thinking the same thing. I might buy a basket of promising altcoins.

At least this way it's fun. Spending thousands on something that's already in a bubble and being recommended by halfwits on Instagram is not fun. That's sleepless nights.
 
Sure BTC is deflating now, but it also has lot to do with remarks about crypto regulations. Sure, they can't stop it. But they can make it illegal, and stop the exchanges. And that would affect altcoins too.
There are yet unseen consequences of cryptos and BTC. For example some say North Korea is using BTC to circumvent sanctions, and as they were mining it for years, they had lot of it .. so they made incredible money. All their current nuclear program might be financed by BTC alone.
But then you don't really have to invest much.
 
Dr.Sid said:
For example some say North Korea is using BTC to circumvent sanctions, and as they were mining it for years, they had lot of it .. so they made incredible money. All their current nuclear program might be financed by BTC alone.
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Who is saying that (other than you)?
 
rayheno said:
So it's $8600 now, you guys still confident on your predictions for when it goes below $1000? March 1st for Dr Sid i think, April was another one I believe, and Partskeptic under $1000 by April 1st.
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I am. Although I am now glad that I chose a later date. There are some serious forces trying to keep this thing afloat.

There will should come a point when it starts to drop steeply. The point when the forces slink into the night and take the money with them.
 
xjx388 said:
You mean Gus Gorman, programmer extraordinaire from Superman III?

The thing is, I have 300 ETN. If the value ever rises, I can cash it in. If the currency gains wide adoption, I can use it to buy things. Sure, if it disappears tomorrow, then someone got my $15. But the same thing could have been said to the people who bought BTC for pennies back in 2011.

It's a gamble but a cheap and low-risk one; I could cash it in right now if I wanted to (the price is currently hovering around $.07). I'm thinking I will just hold it for awhile and cross my fingers.
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Not Gus but some real life guy.

You are late into the crypto scheme. But this is what is keeping the 1400+ cyptos going. Hope springs eternal.

Take note that you are simply betting (speculating) that the price will rise. Why? Because so many others are doing the same? Did you evaluate the functionality or the technology or the use in society? I doubt it. Probably picked a name you like.
 
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