RickyD Posted May 9, 2017 Share Posted May 9, 2017 1 hour ago, jiltedjen said: i think this definitely has legs. If it definitely has legs, then why the need for "I think"? Quote Link to comment Share on other sites More sharing options...
adamLancs Posted May 9, 2017 Share Posted May 9, 2017 The thing is, it takes quite a lot of USD to bump BTC now, especially with the increased leakage into alts. So there's obviously some big players entering, but just how deep are their pockets? I have to admit, it is nice to know that at some point those market players who sold big are getting squashed by new money. It happened in every previous bubble and they will always buy back in. That's when the price goes mental. I think the Chinese sold a lot at 1200 due to the exchanges closing withdrawals, and a lot of panic sellers sold there again because of BU FUD and ETF FUD. They'll be sat there on the sidelines now thinking "oh sh1t, how high is this going?" and "I'll buy on the retrace..." There's so much funny money about. I don't think there's any limit really. The difference now compared to 2013 is that the altcoins are real companies with real employees and real business plans, although most of them are in their infancy. I would not like to be 100% in anything right now, I really have no idea how this explosion is going to end, but I would say it's not about magic internet money anymore. It's not even Fintech. It's something else. Decentralized everything and the IOT (Internet of Things). The way we do everything on the internet is going to change. Quote Link to comment Share on other sites More sharing options...
doomed Posted May 9, 2017 Share Posted May 9, 2017 37 minutes ago, adamLancs said: The thing is, it takes quite a lot of USD to bump BTC now, especially with the increased leakage into alts. So there's obviously some big players entering, but just how deep are their pockets? I have to admit, it is nice to know that at some point those market players who sold big are getting squashed by new money. It happened in every previous bubble and they will always buy back in. That's when the price goes mental. I think the Chinese sold a lot at 1200 due to the exchanges closing withdrawals, and a lot of panic sellers sold there again because of BU FUD and ETF FUD. They'll be sat there on the sidelines now thinking "oh sh1t, how high is this going?" and "I'll buy on the retrace..." There's so much funny money about. I don't think there's any limit really. The difference now compared to 2013 is that the altcoins are real companies with real employees and real business plans, although most of them are in their infancy. I would not like to be 100% in anything right now, I really have no idea how this explosion is going to end, but I would say it's not about magic internet money anymore. It's not even Fintech. It's something else. Decentralized everything and the IOT (Internet of Things). The way we do everything on the internet is going to change. +1 This is a once every couple of decades opportunity to build capital. This stuff is not going away. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 9, 2017 Share Posted May 9, 2017 Found a nice overview website Has all the crypto and its exchanges https://cryptowat.ch/ Quote Link to comment Share on other sites More sharing options...
Acid In The Punch Bowl Posted May 10, 2017 Share Posted May 10, 2017 7 hours ago, GreenDevil said: Found a nice overview website Has all the crypto and its exchanges https://cryptowat.ch/ Chart porn Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted May 11, 2017 Share Posted May 11, 2017 (edited) £1,416 It's still climbing a wall this bubble has a lot further to go yet. To understand Bitcoin you have a rough grasp on history, economics and phycology, its a well crafted bubble machine. Quite simple yet powerful. Bitcoin is always going to slowly build in price for years and years, with the occasional massive bubble and crash setting new highs, and new higher lows. It's had its baptism of fire with the previous crash, its not died. When we are all old, we will look back and smile. Houses 0.5BTC, kids cant afford with their lowly satoshi salary (if nothing changes) Or alternatively 'why did you just stick £100 in as a punt!, someones dad at school bought a whole 0.2BTC when he heard about it, and hes on his third boat now' Edited May 11, 2017 by jiltedjen Quote Link to comment Share on other sites More sharing options...
Darby Ram Posted May 11, 2017 Share Posted May 11, 2017 18 minutes ago, jiltedjen said: £1,416 It's still climbing a wall this bubble has a lot further to go yet. To understand Bitcoin you have a rough grasp on history, economics and phycology, its a well crafted bubble machine. Quite simple yet powerful. Bitcoin is always going to slowly build in price for years and years, with the occasional massive bubble and crash setting new highs, and new higher lows. It's had its baptism of fire with the previous crash, its not died. When we are all old, we will look back and smile. Houses 0.5BTC, kids cant afford with their lowly satoshi salary (if nothing changes) Or alternatively 'why did you just stick £100 in as a punt!, someones dad at school bought a whole 0.2BTC when he heard about it, and hes on his third boat now' I agree. The limited supply and the proven (if slightly congested) technological model creates an ever-widening pool of long-term holders who believe in Bitcoin as a store of value, and who will probably never sell. I have doubts about whether Bitcoin will do anything interesting on a technical level now but my interest in it is as an uncorrelated asset now. Over the past few years, I've taken profits to keep my holding at a sensible size and I simply won't sell what I have left, unless there is another leg up in prices. If prices fell, I'd probably top-up to get back to my preferred portfolio balance. The bubble machine creates a lot of strong hands and draws in new people all the time. It's simple and it works. (Ethereum has a very different risk profile, as far as I'm concerned. It could be worth loads if the network and technology becomes valuable. It could end up being worth nothing if the technology fails, or if the technology works and activity ends up in private chains, or if the value of Ether just ends up being low despite the network being a success.) Quote Link to comment Share on other sites More sharing options...
adamLancs Posted May 11, 2017 Share Posted May 11, 2017 52 minutes ago, jiltedjen said: £1,416 It's still climbing a wall this bubble has a lot further to go yet. To understand Bitcoin you have a rough grasp on history, economics and phycology, its a well crafted bubble machine. Quite simple yet powerful. Bitcoin is always going to slowly build in price for years and years, with the occasional massive bubble and crash setting new highs, and new higher lows. It's had its baptism of fire with the previous crash, its not died. When we are all old, we will look back and smile. Houses 0.5BTC, kids cant afford with their lowly satoshi salary (if nothing changes) Or alternatively 'why did you just stick £100 in as a punt!, someones dad at school bought a whole 0.2BTC when he heard about it, and hes on his third boat now' I think the general understanding, adoption and the advancement of blockchain technology is accelerating. I think there are bigger things to come yet that we cannot comprehend at this early stage. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 11, 2017 Share Posted May 11, 2017 We are with bitcoin et Al where we were decades ago when bill gates and Steve jobs were in their garages thinking about the digital computer. Game changer and fortunes to be made. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted May 12, 2017 Share Posted May 12, 2017 Well according to the bitcoin wallet 4 people have paid the randsom so far at three hundred dollars a pop Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted May 12, 2017 Share Posted May 12, 2017 Not really worth all the pain and deaths this will be causing Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 12, 2017 Share Posted May 12, 2017 What's up price crashed 127 bucks Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted May 12, 2017 Share Posted May 12, 2017 OK some general musing on cryptos ... the way I see there are three killer apps of crypto ccurrencies: inflation proof store of value, smart contracts and low friction micro transactions. So bitcoin looks like its going to dominate the store of value end of things. Etherium looks like potential front runner for smart contracts.So that leaves micro transactions - anyone any thoughts on what has good potential here ?. Quote Link to comment Share on other sites More sharing options...
doomed Posted May 12, 2017 Share Posted May 12, 2017 23 minutes ago, goldbug9999 said: OK some general musing on cryptos ... the way I see there are three killer apps of crypto ccurrencies: inflation proof store of value, smart contracts and low friction micro transactions. So bitcoin looks like its going to dominate the store of value end of things. Etherium looks like potential front runner for smart contracts.So that leaves micro transactions - anyone any thoughts on what has good potential here ?. Lightning network built on top of bitcoin. It is extremely unlikely a blockchain will scale well enough to handle micropayments in a decentralised manor. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 13, 2017 Share Posted May 13, 2017 4 hours ago, doomed said: Lightning network built on top of bitcoin. It is extremely unlikely a blockchain will scale well enough to handle micropayments in a decentralised manor. Isn't that dash, the cash equivalent? Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted May 13, 2017 Share Posted May 13, 2017 I think the price is correcting ready for its next surge. Strangely people hardly ever seem to buy bitcoin on weekends. seems there's always quite a softening in price as the weekends comes. must either be something to do with the exchanges work? Maybe it's more professional investors, or simply people tend to buy after work Quote Link to comment Share on other sites More sharing options...
adamLancs Posted May 13, 2017 Share Posted May 13, 2017 New money doesn't deposit on weekends so if you send to an exchange you have to abide by working days. There's none of that in crypto land. It's a lean mean, fiat reducing grilling machine 24/7/365. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted May 13, 2017 Share Posted May 13, 2017 Let the bubble continue Monday then Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 17, 2017 Share Posted May 17, 2017 Anyone got any comments on ripple or stellar, these cryptos seem to be up 1000s of %, look to be the 'Banksters' versions of cryptos. Quote Link to comment Share on other sites More sharing options...
Mooping Posted May 17, 2017 Share Posted May 17, 2017 First post. Where is the best place to follow news about these cryptos? Quote Link to comment Share on other sites More sharing options...
Errol Posted May 17, 2017 Share Posted May 17, 2017 https://www.cryptocoinsnews.com/ http://www.coindesk.com/ Quote Link to comment Share on other sites More sharing options...
LC1 Posted May 17, 2017 Share Posted May 17, 2017 Anyone buying in at these (seemingly insane to me) prices who isn't hedged by having also bought BTC at much lower prices? Is it a speculative bubble, or do the fundamentals really justify these dizzying heights?! (Sort of rhetorical questions, but feel free to share your thoughts!) Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 17, 2017 Share Posted May 17, 2017 I had an add at the trenbdline on bitcoin, missed my entry by 50c. On lite coin I missed my 60c had a bid at 20$. Added some ether at 82, trying to buy ripple and stellar on a pullback (not happened yet), watching doge, looks like might be a runner and cheap as chips. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted May 17, 2017 Share Posted May 17, 2017 My £15 entry point allows me just to sit and hold. At the time it looked like a crazy bubble so I only put a few hundred on as a punt. i think everyone should have a punt of a few hundred. Not the end of the world to loose it. And a lot of upside. I'm glad I did. Quote Link to comment Share on other sites More sharing options...
oracle Posted May 17, 2017 Share Posted May 17, 2017 8 hours ago, Mooping said: First post. Where is the best place to follow news about these cryptos? what do you recommend as best wallets+exchanges? Quote Link to comment Share on other sites More sharing options...
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