Saving this topic so I can bump it in 10 days and laugh at OP's expense because we'll still be breaking ATH's every hour by them.
See you soon
Guess who was wrong  Its going above $2000 again and maybe its beginning to go back to normal. Was the rise of all the cryptocurrencies partly because of Consensus 2017? I noticed they all went down after the convention. |
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I think this is a good news for the development of the bitcoin, if many countries officially using bitcoin then prices will continue to skyrocket and never drop like before.
Well they haven't officially adopted it but there seems to be a great demand from that country and even though it's going to hold up the price high we should be certain they are going into the right hands and not the bad people who intends to perpetuate crime with cryptocurrencies. Both of you please take some time to read the topic in the original post and then tell us your thoughts about it. Im sure that will find that theres some validity in what Im trying to tell you. |
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What a massive dump on Bitcoin and altcoin, now is the opportunity to load up on bitcoin and altcoin, get ready for a new wave
1 think rebuying btc at about 1800-1900 usd
you think it will go lower?
I do agree that its a good time to pick some cheap coins but the problem is how do we know if this is just a blip? What if it will take a year or more before it starts moving up again? This should go in speculation. |
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What happened early today is not the big crash that OP is saying that in 10 days will happen. There was a big drop yes not the kind of drop that stayed there for quite some time. If you notice, price of Bitcoin recovered after a few hours. There were news circulating today that says something about market adjustment but for me its one of those opportunity to buy some more and hold again. Selling and panicking about the sudden drop of Bitcoin will not help the price of Bitcoin to recover.
What about now? BTC is under $2000 and its showing signs that it will continue going down. If this isnt a crash, what would you call it then? A 50% correction from the peak? |
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I tried them but the problem when you require cashout they need your true identity and documents otherwise they don't pay you. This is not for people like us who use cryptocurrencies as our priority currency and don't like to show our real ID-s and documents to third identities. Beside that they don't pay you very much , and you need to do a lot of advertising in order for other people to reach you and pay you for reading their email advertisements.
Its hard to trust them now. Theyre not delivering on their promises and their goals, now theyre collecting user information? What do the plan to do with all the information they collect? Hows their burn rate and how much funding do they have left? Thats the question. |
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Also should be noted some exchanges offer platforms which (I think) have a limited amount of automated algorithmic trading functions built into them. Basic things like stop limit orders, sell if price reaches a certain trigger point, etc. I think I've seen support for those types of things on btc-e years ago, if I'm remembering right.
That could be one reason why exchanges don't offer bots, the trading platforms they support already have some automated and algorithmic trading options built into them via default.
Thats true. In a way if you automate your trades by using stop limit orders it could be one way of trading like a bot although its limited. Instead of having bots why dont the exchanges have if-else type of stop limit orders? |
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surely the primary reason for any premium is that it's a small market and hard, or impossible, for foreigners to get fiat in and out. you build a closed loop like that and it's always gonna go and do its own thing.
north korea has always been looming on the horizon.
If you check the volume among the BTC/KRW trading pairs you will be surprised how large they are. I havent checked today but their volumes are tens of millions more in $. Are those ordinary people's money or institutional investors? |
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Poloniex has its bot, but it's to automate the lending process, not trading. I don't know why they don't provide the same service for trading, maybe because it would be a complex service and dangerous to use, as you are risking your money in a bot system and with the currently technology, the bots aren't so smart like we see in futuristic movies.
It would level the playing field if an exchange like Poloniex had a bot available to program and to deploy. It should be something to be looked into. As the competition between exchanges become tougher and tougher, there will be creative ways to attract clients. An inhouse botting service could be the next step. |
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Look at the prices of BTC in all the different exchanges and take notice of the higher price in the Korean exchanges. It was trading at a $2000 premium this week and has lowered to a $1000 premium. Why? Could there be an ongoing capital flight happening? Their household debt is totaling $1.2 trillion. An all time high. http://pulsenews.co.kr/view.php?year=2017&no=344490Another reason for an ongoing capital flight scenario is the concerns over South Korea's face off against North Korea. http://ecard.nationmultimedia.com/news/business/EconomyAndTourism/30312620Maybe theyre using BTC to get money out of their country to bypass the banking system and the regulators that makes it hard to move money. |
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You really tried it? Im afraid that theyre collecting emails to spam on with their future offerings. After the failure the 21 computer has shown and all the promises they have broken, I dont think anyone in the community who knows whats really up believes them anymore.
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It is possible to crash if the user is not adding, but now the user is keep on increasing and the one that own bitcoin is adding the investment in bitcoin, so if it is crash it will not fall down quickly,so it is still safe to invest in bitcoin and there is a possibility that it will not go down eventhough the price already up so high if the demands is still high
Nope. It doesnt need any fundamental reason for it to keep increasing. Ethereum and the others have shown us that indeed its possible for a coin thats not used for transactions or whatever can go up tremendously from hype and by pumping. BTC has a fundamental reason to go up, but it doesnt mean its not being pumped. |
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Does anyone know where that guy is and what hes doing these days? Hes not serving pizzas for a living I hope. Hehehe. That would be so ironic.
If a person can pay that much for a pizza then he might also have some other amount of bitcoin and he will have tat in his wallet so I am sure that he will be a more millionaire with his remaining bitcoins and he will now take care of his bitcoins. Maybe. But a person who sells that much BTC for a couple pizzas might have also already sold his whole stockpile of coins at lower prices. I know Im more wrong than right on this but thats the impression I have on him. yes that is also possible but as we know that he have adopted bitcoin as a payment/money so it is the nature of every person that he do not spend all of their money but spend some part of his money and try to save more part of it for the future needs or for future investment etc. Isnt that treating BTC more like a stock or a security? If its treated really like money, then we should start spending it. But most of us dont. We all love to tuck it in cold storage and squirrel it away like were so afraid that someone might steal it from us. So if he did really treat it as money then maybe he did go broke. |
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I just checked my wallet. Everything is also good from where I am. Did you install a script blocker in your browser recently? They sometimes make some websites unusable.
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Is that the same 21 that built the Bitcoin computer and has promised everyone they will be making all the cool IOT hardware that will mine BTC? What happened to them? They have raised over a hundred million dollars and they still dont have a working product.
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... No one knows what will happen. Experts in almost any field where predictions are made usually do no better than anyone else in guessing future price movements, for example. Nonetheless, everyone should be prepared for a sharp fall in prices! It is very normal for almost any volatile market, and of course is perfectly normal for Bitcoin. Note that I sold some BTC (for platinum, providentmetals.com), but I sold too soon ($2220)! NO ONE can predict the future. Still, if BTC reaches $2600, $2700, well OK, I'll buy gold then. Have before, and can do it again. But what kind of preparation should we do? Make fiat preparations to buy more if a sharp fall happens like what Mr. Crystal Ball said? What happened to all the permabull mindset? I thought it was BTC or bust no matter what. |
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Does anyone know where that guy is and what hes doing these days? Hes not serving pizzas for a living I hope. Hehehe. That would be so ironic.
If a person can pay that much for a pizza then he might also have some other amount of bitcoin and he will have tat in his wallet so I am sure that he will be a more millionaire with his remaining bitcoins and he will now take care of his bitcoins. Maybe. But a person who sells that much BTC for a couple pizzas might have also already sold his whole stockpile of coins at lower prices. I know Im more wrong than right on this but thats the impression I have on him. |
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My best investment has been building 2 mining rigs for ethereum which I sell for bitcoins after I rake in adequate amount of ether every month. It's been a secondary source of income but my long term investment too.
Would it have been more profitable to buy ETH instead of buying the mining rigs considering the price of ETH and BTC reaching all time highs? How much were your rigs and at what date did you buy them? The second question is how much ETH did it collect minus expenses? szpalata, I dont think I have gotten an answer from you. It would be nice to get some answers from the perspective of a person who has experienced mining ETH and buying ETH and get an honest answer. If anyone else has mined ETH, oblige has by answering my post in the quote. |
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TryNinja, pinkflower, accepted.
BitSat, removed.
iamaruf, please fix your post quality and try again next week.
Ty for the add! |
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Why do I get the feeling the bearwhale will be revived because of this thread? The moment you think its gone, it comes back fiercer and stronger.
Its better not to mention it and leave it be.
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Accurate calculations will not help you to constantly get a stable income, but simple guessing based only on luck is too risky.
Well simple guess is 100% risk and there is no skill required just like in gambling of slots machines, roulette etc. This are based on your luck. While in trading its your skills + luck as well play a part. You should know when to buy/sell to get the maximum profits. From what you're saying it goes to confirm the OP that it's an educated guess because we predict or act on information we receive before we set our trading parameters just like gambling. If you act on information even though its incomplete its not to be considered as pure gambling. Its more like a calculated risk. Taking those kinds of risk is a skill be it in business or in trading and some skill based card games. |
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