Bitcoins - fad or trend?

Discussion of all things crypto and blockchain.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Mon Jan 08, 2018

Gentlemen prefer Engelhard.

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tdtwedt
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Re: Bitcoins - fad or trend?

Postby tdtwedt » Mon Jan 08, 2018

Bucketeer wrote:South Korean Probe Sparks Crypto Carnage

https://www.zerohedge.com/news/2018-01-08/south-korean-probe-sparks-crypto-carnage


From the article..

Bloomberg reports that South Korea's Financial Services Commission Chairman Choi Jong-ku said in a speech text:

•There’s high possibility cryptocurrency transactions could be used in money laundering.
•South Korea to suspend virtual account- related operations of banks if they are found to have broken laws related to cryptocurrency.
•Regulator also strengthen probe into cryptocurrency exchanges over price manipulation, money laundering, pyramid scheme.
•Side effects of cryptocurrency "serious"; regulator will consider all measures including shutdown of cryptocurrency exchanges.
•Cryptocurrency fever in S. Korea is much stronger than other countries; regulator won’t let S. Korea take the lead in abnormal cryptocurrency trading.
There are more ways than one to skin a cat.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Mon Jan 08, 2018

Gentlemen prefer Engelhard.

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Mon Jan 08, 2018

The market is climbing back, $726 billion now, up $58 billion in 90 minutes. Bitcoin is down 10% from 24 hours ago, but there are many alts down twice as much, and some down as much as 35%. That will equalize somewhat, because those who want to buy back the alts they dumped will do it with BTC. To what extent will they? I will be curious to see the BTC market share after this event. It was 33% before the big sell-off.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Mon Jan 08, 2018

tdtwedt wrote:Down 25% in less than 1 month.
:duck:


Gentlemen prefer Engelhard.

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joefro
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Re: Bitcoins - fad or trend?

Postby joefro » Mon Jan 08, 2018

tdtwedt wrote:
Down 25% in less than 1 month.

:duck:


Still up over 100% in 2 months. You can cherrypick the dips out of any market if that's your agenda. Why, I don't know.

:duck:

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Tractor Man
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Re: Bitcoins - fad or trend?

Postby Tractor Man » Mon Jan 08, 2018

In my opinion, both sides could use a little humility here. None of us knows what's going to happen.
The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence. Charles Bukowski
Doubt is not a pleasant condition, but certainty is absurd. Voltaire

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Silversummit
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Re: Bitcoins - fad or trend?

Postby Silversummit » Mon Jan 08, 2018

tdtwedt wrote:
Bucketeer wrote:
tdtwedt wrote:Bitcoin below 15K

:pop:


I say that's pretty good since it is the $900 range this time last year


Down 25% in less than 1 month.

:duck:




Up 1500%+ this year :D
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Mon Jan 08, 2018

It's hard to argue with proven performance.
Gentlemen prefer Engelhard.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Jan 09, 2018

Gentlemen prefer Engelhard.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Jan 09, 2018

ZH: Bitcoin Isn't The Bubble - The Global Financial System Is.
https://www.zerohedge.com/news/2018-01-08/bitcoin-isnt-bubble-global-financial-system
Gentlemen prefer Engelhard.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Jan 09, 2018

Gentlemen prefer Engelhard.

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Tue Jan 09, 2018

Bucketeer wrote:ZH: Bitcoin - The End Of The Beginning
https://www.zerohedge.com/news/2018-01-08/bitcoin-end-beginning

Astonishing point in that article: "Coinbase replaced YouTube as the most downloaded app on iTunes."

After someone took the trouble to read the article and then called Bitcoin owners dumb, someone commented: "In other news: The Flat Earth Society claims to have members around the globe."

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Tue Jan 09, 2018

Long John wrote:
Bucketeer wrote:ZH: Bitcoin - The End Of The Beginning
https://www.zerohedge.com/news/2018-01-08/bitcoin-end-beginning

Astonishing point in that article: "Coinbase replaced YouTube as the most downloaded app on iTunes."

After someone took the trouble to read the article and then called Bitcoin owners dumb, someone commented: "In other news: The Flat Earth Society claims to have members around the globe."


I would have thought that YouTube comes pre-loaded on the iPhone. Guess not?

CoinMarketCap doesn't have an app.... yet. They are coming out with one and hopefully it defaults to milliBit prices. Not holding my breath though.
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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Tue Jan 09, 2018

SilverDoge wrote:I would have thought that YouTube comes pre-loaded on the iPhone. Guess not?

It didn't come installed on my now-ancient iPhone 6s, I downloaded it. I haven't downloaded Coinbase, though; I've only used it on my puter. I better get cracking and boost those stats!

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Tue Jan 09, 2018

Bucketeer wrote:ZH: Jamie Dimon: "I Regret Calling Bitcoin A Fraud"
https://www.zerohedge.com/news/2018-01-09/jamie-dimon-i-regret-calling-bitcoin-fraud

In related news, Jamie Dimon is taken to the woodshed by his investors who he told to stay away from Bitcoin before it shot up 15X. :lol:

I made that up, but it could be true.

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tdtwedt
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Re: Bitcoins - fad or trend?

Postby tdtwedt » Tue Jan 09, 2018

Managing the stress of owning bitcoin and other cryptocurrencies

When you could lose 30 percent of your investment in one day, stress seems inevitable.

This unique asset requires a unique fortitude.


https://www.cnbc.com/2018/01/09/managin ... ncies.html

:wave:
There are more ways than one to skin a cat.

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Tue Jan 09, 2018

tdtwedt wrote:Managing the stress of owning bitcoin and other cryptocurrencies

When you could lose 30 percent of your investment in one day, stress seems inevitable.

This unique asset requires a unique fortitude.


https://www.cnbc.com/2018/01/09/managin ... ncies.html

:wave:


Yes, we have mentioned this before - it is stressful seeing your net worth increase (and then decrease) with great volatility. You know a perfect way to alleviate that stress? After your first 200% gain, take out your initial investment and then let your gains ride. This way you never lose a single dollar of your initial investment and even if it all crashes back to absolute zero, you still haven't lost a dime.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Jan 09, 2018

tdtwedt wrote:Managing the stress of owning bitcoin and other cryptocurrencies

When you could lose 30 percent of your investment in one day, stress seems inevitable.

This unique asset requires a unique fortitude.


Hodling is not a problem, it just means we have to read your posts. :wave:
Gentlemen prefer Engelhard.

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Tue Jan 09, 2018

SilverDoge wrote:
tdtwedt wrote:Managing the stress of owning bitcoin and other cryptocurrencies

When you could lose 30 percent of your investment in one day, stress seems inevitable.


Yes, we have mentioned this before - it is stressful seeing your net worth increase (and then decrease) with great volatility. You know a perfect way to alleviate that stress? After your first 200% gain, take out your initial investment and then let your gains ride. This way you never lose a single dollar of your initial investment and even if it all crashes back to absolute zero, you still haven't lost a dime.


Been there, done it, Travis, and I still felt stress over volatility, though not as much because I could tell myself the things you just said. Of course, it defied the HODL gospel of Never Take Profits, but I'm not a big believer in absolutes. To each his own.

Then I (we) became responsible for other people's money in our projects and OMG what have I done. :shock:


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