Bitcoins - fad or trend?

Discussion of all things crypto and blockchain.
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natsb88
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Re: Bitcoins - fad or trend?

Postby natsb88 » Tue Jan 09, 2018

What dip? My crypto gained 8% during this "dip" :lol:

The top 25 on CMC look like Christmas, half red and half green.

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Fabio
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Re: Bitcoins - fad or trend?

Postby Fabio » Tue Jan 09, 2018

natsb88 wrote:What dip? My crypto gained 8% during this "dip" :lol:

The top 25 on CMC look like Christmas, half red and half green.


Dude, you're using the wrong lingo. Your portfolio crashed... it crashed up :shifty:
"LiteCoin, the original shitcoin" - Fabio 2018

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Jan 09, 2018

Long John wrote:
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:


I like that John....."the HODL gospel of Never Take Profits". It takes a while to get to that level of faith.

I used to have the 3AM moment. Time to drain the bladder, I'm half asleep, and wondering WTF have I gotten myself into with Bitcoin. I'd scare myself awake.

I still have the 3AM moment, but I don't think about the price of Bitcoin anymore. I have no emotional response to the price action. That's the Zen of being a hodler. I will take profits someday, but not today or tomorrow.
Gentlemen prefer Engelhard.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Jan 09, 2018

WWTP: 'Get ready for an explosion' in bitcoin as Wall Streeters spend their bonus checks.

https://wildwebtradingpost.com/blogs/news/get-ready-for-an-explosion-in-bitcoin-as-wall-streeters-spend-their-bonus-checks
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jcz1
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Re: Bitcoins - fad or trend?

Postby jcz1 » Tue Jan 09, 2018

CES 2018: Kodak soars on KodakCoin and Bitcoin mining plans
Shares in photo firm Eastman Kodak soared nearly 120% after it revealed plans to mint its own crypto-currency, the KodakCoin.

http://www.bbc.com/news/technology-42630136

I think this thing where companies completely out of the blue jump on bitcoin/blockchain and see their stocks soar is definitely a fad, not a trend.

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Rodebaugh
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Re: Bitcoins - fad or trend?

Postby Rodebaugh » Tue Jan 09, 2018

jcz1 wrote:CES 2018: Kodak soars on KodakCoin and Bitcoin mining plans
Shares in photo firm Eastman Kodak soared nearly 120% after it revealed plans to mint its own crypto-currency, the KodakCoin.

http://www.bbc.com/news/technology-42630136

I think this thing where companies completely out of the blue jump on bitcoin/blockchain and see their stocks soar is definitely a fad, not a trend.


Check out Overstock.

I have some: OSTK Jan19 Calls $90 Strike.
That's more dangerous than trading pissed off rattlesnakes.....but its as much fun as you can have with your clothes on.

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texmex66
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Re: Bitcoins - fad or trend?

Postby texmex66 » Tue Jan 09, 2018

jcz1 wrote:CES 2018: Kodak soars on KodakCoin and Bitcoin mining plans
Shares in photo firm Eastman Kodak soared nearly 120% after it revealed plans to mint its own crypto-currency, the KodakCoin.

http://www.bbc.com/news/technology-42630136

I think this thing where companies completely out of the blue jump on bitcoin/blockchain and see their stocks soar is definitely a fad, not a trend.


Trend my friend. :thumbup:

Others will jump on board the blockchain express. :D

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Wed Jan 10, 2018

Not too many days ago Ripple overtook Ethereum as the 2nd biggest crypto in market capitalization. Tonight Ripple is about half of Ethereum. Price drop is about the same: $3.84 five days ago at the height of Ripplemania to under $2.00 at this hour. Still not bad if you bought at 25 cents or even a dollar. But the "Rippening" seems to be on hold.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Wed Jan 10, 2018

Hackernoon: Why Everyone Missed the Most Important Invention in the Last 500 Years (19 minute read)
https://hackernoon.com/why-everyone-missed-the-most-important-invention-in-the-last-500-years-c90b0151c169
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Wed Jan 10, 2018

Bucketeer wrote:Hackernoon: Why Everyone Missed the Most Important Invention in the Last 500 Years (19 minute read)
https://hackernoon.com/why-everyone-missed-the-most-important-invention-in-the-last-500-years-c90b0151c169


Great read! I just added the link to the Bitcoin Beginners thread (2nd post).
Image

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Wed Jan 10, 2018

I just posted a couple of his other articles in Alt-Coins. Glad you liked it, I thought it was excellent.

1_YImrROrEDcZY_qiC5rWTIA.jpeg
1_YImrROrEDcZY_qiC5rWTIA.jpeg (86.06 KiB) Viewed 575 times
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Gus Chiggins
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Re: Bitcoins - fad or trend?

Postby Gus Chiggins » Wed Jan 10, 2018

Will not pretend to be a chart expert, but are we starting to see higher lows in the major cryptos since 2018 started? Sure looks like it. Not sure how much lower btc will go barring some major event.
Image

jcz1
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Re: Bitcoins - fad or trend?

Postby jcz1 » Wed Jan 10, 2018

Bitcoin ETFs Hit Regulatory Road Block

The race for the first bitcoin ETF has hit a regulatory speed bump.

In the past 24 hours, four prospective issuers withdrew requests at the U.S. Securities and Exchange Commission for approval to list exchange-traded funds based on the largest cryptocurrency. Direxion Shares ETF Trust said the regulator “expressed concerns regarding the liquidity and valuation of the underlying instruments” its proposed fund would invest in.
...
But the SEC has not deviated from its skeptical view of the assets. Just Friday, the regulator issued a bipartisan endorsement of a warning on digital coins, saying investors should “exercise caution” as many participants in “cryptocurrency-related investment markets are not following” securities laws. In March, the watchdog rejected the Winklevoss Bitcoin Trust ETF proposal.
...
More than 15 bitcoin-related ETFs have been proposed since 2013. On Monday, Exchange Listed Funds Trust said it withdrew its application for several ETFs based on the cryptocurrency at the request of the SEC. ProShares Trust on Tuesday pulled its request to list four bitcoin ETFs “in response to a request” by the SEC. VanEck Vectors ETF Trust also dropped its request Tuesday.

Cboe Global Markets Inc., the exchange operator that listed the first bitcoin futures, filed in mid-December for a proposed rule change to list and trade shares of the GraniteShares Bitcoin ETF and GraniteShares Short Bitcoin ETF. The application is pending.

https://www.bloomberg.com/news/articles ... urce=zaius

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Wed Jan 10, 2018

Gentlemen prefer Engelhard.

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tdtwedt
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Re: Bitcoins - fad or trend?

Postby tdtwedt » Wed Jan 10, 2018

South Korea...

One of the world's biggest cryptocurrency markets is readying a bill to ban trading
https://www.cnbc.com/2018/01/10/south-k ... ading.html

Authorities raid South Korea's largest cryptocurrency exchanges
https://www.cnbc.com/2018/01/10/police- ... asion.html
There are more ways than one to skin a cat.

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texmex66
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Re: Bitcoins - fad or trend?

Postby texmex66 » Thu Jan 11, 2018

WEEEEEEEEEEEEEEEEE!!!!!!!! :pop:

What a rush.................. :D

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Silversaving
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Re: Bitcoins - fad or trend?

Postby Silversaving » Thu Jan 11, 2018

As usual, fake news. They aren't readying any bill to ban crypto. Gov. just wants their money.

https://twitter.com/cryptomanran/status/951317996684873728
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu Jan 11, 2018

Just keep hodling, the future is bright.
Gentlemen prefer Engelhard.

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texmex66
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Re: Bitcoins - fad or trend?

Postby texmex66 » Thu Jan 11, 2018

Bucketeer wrote:Just keep hodling, the future is bright.


Crash helmet on so tight im ready to blackout. :lol:

nibbled a little BTC at these recent lows. 8-)

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu Jan 11, 2018

I wish I had a little cash, I'd like to buy .1 BTC to round out my BTC holdings. Right now, I'm buying SALT to be used for a new truck purchase. Almost 50% off using SALT, with a 1 year lockup of my BTC. L can live with that.
Gentlemen prefer Engelhard.


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