bitcoin

haxman

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Joined
Jan 14, 2007
Messages
15,688
In this with profit squad profit so not the end of the world if it goes completely tits up, but there's been better days.....
 

Speedy

Active Member
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Oct 22, 2005
Messages
642
It’s a pretty red graph, but you’ve got to think six months to a year time scale. Where there’s a seller there’s a buyer, so a dramatic graph shows keen buyers, and soon it will naturally calm down

On further reading there is also this
https://www.bloomberg.com/news/arti...e-mixed-february-start-after-fed-markets-wrap

Everyone is waiting for the fed to raise interest rates, in which case the free money is switching off, which means frivolous markets like tech get sold off first as managers are told to reel it in.
 
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felmani26

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Jan 1, 2008
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14,985
Who knows when this will bottom out - I'd be lying if I said this wasn't concerning but same time i'm absolutely confident the market will return to December levels at some point in the not so distant future so does represent a great buying opportunity right now.

Definitely best not to continue looking at my portfolio on Coinbase/Delta...
 

Rob

The Boss
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Jun 8, 2003
Messages
21,772
Trying to decide when to buy more. Was considering it last night but then it picked up so thought I'd missed the bottom but then it's tanking again today.

There's the saying in investing, "don't try to catch a falling knife"...
 

Geyzer Soze

Fearlessly the idiot faced the crowd
Joined
Aug 16, 2010
Messages
19,397
Trying to decide when to buy more. Was considering it last night but then it picked up so thought I'd missed the bottom but then it's tanking again today.

There's the saying in investing, "don't try to catch a falling knife"...
I'll tell you when i finally decide to fold and sell up.

When i do that, within minutes the entire crypto market will explode upward i guarantee you. So i'll give you boys and girls a heads up.
 
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jackson

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Jan 27, 2006
Messages
802
So now that the price of Ripple XRP is tanking... How does one go about buying some?
https://www.technouz.com/4669/buy-ripple-xrp-coinbase-gdax-binance/

Here's the guide I used to buy Ripple. Seems like a bit of a process but isn't too bad, in summary:

- You need to have Bitcoin or Ethereum first which I bought via Coinbase.
- Then transfer balance to GDAX (part of Coinbase, same login details and no need to verify yourself) to save on fees for outgoing transfer. Obviously if your Bitcoin isn't with Coinbase then skip this.
- Transfer to Binance - you need an account but you don't need to verify yourself unless doing big numbers.
- Buy XRP on the Binance exchange
- I then transferred out of Binance to a wallet.
 

Geyzer Soze

Fearlessly the idiot faced the crowd
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Aug 16, 2010
Messages
19,397
This is all a massive con, lads. I'm a complete moron when it comes to shit like this, but I know a scam when I see one.
Bitcoin? Or Crypto in general?

Bitcoin I don’t think you can call a scam, as such, it’s too décentraliséd to be a scam

It may be a bubble, or overvalued, (I don’t think so, but maybe) ... but not a ‘scam’

Some other cryptos, certainly
 

HildoSpur

Likes Erik Lamela, deal with it.
Joined
Oct 1, 2005
Messages
3,905
This is all a massive con, lads. I'm a complete moron when it comes to shit like this, but I know a scam when I see one.
When you have been in the scene for around 5 years you see a lot of ups and downs - they no longer really impact on me anymore. Wait a year or two and see what the value is then. There are cons in the sector but bitcoin is not one of them.
 
Joined
Jun 2, 2011
Messages
9,810
All of it, fellas! Just take it from somebody with no knowledge or experience in the field, will you?
 
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stonecolddeanaustin

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Aug 27, 2011
Messages
1,009
Got to admit, I was (and still am to an extent) very tempted to buy some Bitcoin. I think the principle behind cryptocurrency as far as I understand it is very bloody clever. However, this article sums up my doubts. Why, as the analogy to the cancer pill suggests, can something that's built on open source code, that anyone can reproduce as they want, have so much value? Even if Bitcoin is a perfect system, which from what I hear it's very far off being, what's to stop someone making their own version?

https://www.theguardian.com/technology/2018/jan/15/should-i-invest-bitcoin-dont-mr-money-moustache
 

HildoSpur

Likes Erik Lamela, deal with it.
Joined
Oct 1, 2005
Messages
3,905
Got to admit, I was (and still am to an extent) very tempted to buy some Bitcoin. I think the principle behind cryptocurrency as far as I understand it is very bloody clever. However, this article sums up my doubts. Why, as the analogy to the cancer pill suggests, can something that's built on open source code, that anyone can reproduce as they want, have so much value? Even if Bitcoin is a perfect system, which from what I hear it's very far off being, what's to stop someone making their own version?

https://www.theguardian.com/technology/2018/jan/15/should-i-invest-bitcoin-dont-mr-money-moustache
The guardian don't have a clue what they are talking about re: crypto.
 

Speedy

Active Member
Joined
Oct 22, 2005
Messages
642
The guardian don't have a clue what they are talking about re: crypto.
Alex Hern does, and he’s anti bitcoin generally. I watched a bbc report yesterday and the guy literally said “it’s going to zero”. It’s one thing to be negative about something, but the guy ignored the previous 1000% growth year on year in order to say the last two weeks were the end. What a complete tool.

But fundamentally, until a crypto finds a nailed on use, it’s still not got a current purpose outside of speculation and wealth preservation so the price will bounce around until sufficient people use it/accept it globally. I suspect a financial crash will see fireworks, perhaps a interest rate rise or a policy shift in China or Japan
 

SugarRay

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Jul 6, 2011
Messages
5,013
My understanding is that plenty of coins, cryptos etc are vastly different to Bitcoin and well, each other aren’t they?

I know Ethereum for example is different to Bitcoin.

The naysayers also to seem as deluded as the crypto fanboys. I think the whole crypto thing falls somewhere in between. It’s got some sort of future imo, even if it ends up being completely different to what we currently see, it will have derived from Bitcoin and co.

Then again, I know very little! I would certainly be dubious about people vehemently saying it’s gonna crash soon/serves no purpose etc, just as I would about those who “guarantee” each Bitcoin will be worth a million quid in ten years.
Just some real basic two minute research will show its “crashed” far harder 3/4 times in the past than what we are seeing now, only to recover and surpass previous record values.

I won’t be investing as I struggle to understand it all to be honest, but I find it interesting.

People compare it to the dotcom boom as if that’s a bad thing. That might not be all bad. Imagine getting in on Amazon or google during the dotcom bubble! I assume that’s what people are betting on in this crypto thing...the next google etc?
 
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