patrick.net

WildMind says

What do you think of buying the GBTC etf vs the trouble of picking individual winners on Coinbase?

If you are new that might be interesting. FYI, coinbase is just offering 4 coins at the moment. If you want to invest in any other coins you would need to open an account on Binance or bittrex. Both exchanges are not accepting new users at the moment

BayArea says

BTC $17K
Ether flirting at $1K
Tripled my money on Ripple in just a couple weeks.

What's all the doom and gloom talk?

Totally agree! It’s been a fantastic rally. These decentralized exchanges e.g. Zrx and Airswap look very interesting to me as well. There market caps are pretty low compared to others. I follow this guy crypto bobby and his portfolio for the most part which has been very profitable so far.

joshuatrio says

I think XRP is next.

Still holding my BCH, I'm at like break even right now. Debating on whether or not to keep it.

I am holding my BCH. It’s still way down from it’s ATH. It disappointed lately but I am pretty sure we will see another run up once the volume comes on. Will take profits once it’s hits 3500 or so.

Now You can sell your crypto account to desperate newbies who want to get in

https://www.finder.com/users-are-selling-their-binance-accounts-due-to-temporary-registrations-pause

The whole pause in new account registrations is pretty fishy to me

Cryptos and blockchain are a technological revolution, but they can’t take your name and email and set you up with an account?

Seems as if they’re creating false scarcity at the same time supply has never been higher

Ethereum has been steaming recently.

“Cryptos and blockchain are a technological revolution, but they can’t take your name and email and set you up with an account?”

From an investor perspective I like that there is a halt of new money coming in at the moment. 2017 was an incredible year. The exchanges did not expect such a huge demand of new registrations. New users means more support tickets, more traffic on the servers, more people that need to be verified etc.

Nice dip....thank Korea for the buying opportunity.

mell says

Bitcoin going down like Broomcorn's uncle. Not surprised, as mentioned earlier it has been showing ponzi-scheme like appreciation. Lots of bagholders created at $19K-$17k. They are at the mercy of the remaining whales now.

Yep.

"Bitcoin will prevent the instability of Fiat Currency like the Dollar!!! Which is why it's gone from $17k to $13k in a short time. Hell, it moved ~$1,500 today!"

Here's an idea for currency: One whose value is linked to the total energy production of Humanity. The Kardashev.

Crap, that dip did not last enough. Wanted to buy more

TwoScoopsPlissken says

Here's an idea for currency: One whose value is linked to the total energy production of Humanity. The Kardashev.

I like this idea. In a way, energy is already the global currency, as oil. But it should be expressed in a more abstract way, megajoules maybe.

having mined over a million of bitcoins before anyone even had the chance Satoshi Nakamoto is a multi billionaires now. no wonder he disappeared.

he's slowing cashing out thanks to newer victims to his brilliant ponzi scheme.

Cryptos dipped hard last night. I bought more BCH this morning @ $2,058.

Bitcoin because not every investor can research.

BorderPatrol says

having mined over a million of bitcoins before anyone even had the chance Satoshi Nakamoto is a multi billionaires now. no wonder he disappeared.

he's slowing cashing out thanks to newer victims to his brilliant ponzi scheme.

Maybe. I'd love to know the story behind this.

Thing is, the entire world is already used to fiat currency. Is this any different?

Ponzi scheme

Blame it on MT.GOX

https://www.youtube.com/embed/K2ku1A5Ox8U

Hm, this crypto crash is pretty violent. Might this be "the big one"?

I guess this was caused by China's threat to miners, yesterday?

goat says

Might this be "the big one"?

Bitcoin still has a $10k+ USD value. There's MUCH more to come for something that has no describable value from anyone I would trust.

Wookie Disclaimer: Note, I'm completely aware you can make money on this. So please don't take my pessimism as being a total hater of crypto. I would never touch it though and have discretionary funds available to completely lose in this market. I'll take a 8-14% gains nine out of ten times versus losing 80% of an investment in fake money to try and grab a 1,000% gain. You have better odds playing the penny stock market IMO.

Everyone is inloading LoL. I will watch with pleasure.

Unloading*

what a party. What’s the return policy with lamborghini? Time to buy at a discount or sell it all? All time highs soon? Who knows. Enjoy the ride.

Holy crap it's tanking hard. After I bought in at around $2k. I sold at $1950, after realizing the plummeting wasn't over. Glad I did. BCH is like $1400 now, and BTC is at 9700.

POPPING FAST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

BTC just breached 9400... ddaaannnngg

Back up the truck, folks!

f-r-e-e-f-a-l-l

Oh man.... I put bitcoin buy orders in between 8-9k. Was hoping it dips more. See strong buy activity at the moment. Some people will make a killing off this dip. I was hoping the panic sellers will put more pressure on the prices. Oh well, at least I picked up some ltc and ETH on the low side. If we start the rally now I will add more to all my positions.

anon_b7985 says

Oh man.... I put bitcoin buy orders in between 8-9k. Was hoping it dips more. See strong buy activity at the moment. Some people will make a killing off this dip. I was hoping the panic sellers will put more pressure on the prices. Oh well, at least I picked up some ltc and ETH on the low side. If we start the rally now I will add more to all my positions.

You can't see any activity as most buy and sell cycles are really lengthy (take 24 hours or more) until this is better controlled with many ETFs and futures. This is at the mercy of the few whales and already lost 50% for its peak. Could crash further if more whales decide to sell.

Unbelievable people still call these as “dips” as if this is amazon where price is almost guaranteed to go up long term because of strong business model, revenue and constant innovation.

mell says

anon_b7985 says

Oh man.... I put bitcoin buy orders in between 8-9k. Was hoping it dips more. See strong buy activity at the moment. Some people will make a killing off this dip. I was hoping the panic sellers will put more pressure on the prices. Oh well, at least I picked up some ltc and ETH on the low side. If we start the rally now I will add more to all my positions.

You can't see any activity as most buy and sell cycles are really lengthy (take 24 hours or more) until this is better controlled with many ETFs and futures. This is at the mercy of the few whales and already lost 50% for its peak. Could crash further if more whales decide to sell.

Nah, it'll recover by lunchtime.

50% plunge since before Christmas, fad investments come and go so quickly...

A patnet bitcoin investor by any chance?

zzyzzx says

Aaaah, the rocket started :( not all of my buy orders filled. We are Witnessing a mega rally now.....wish I could have picked up more but happy I got a steal on a few ones. Gotta be happy for what I got during this dip. Would not be surprised if we see new all time highs soon.

anon_b7985 says

Aaaah, the rocket started :( not all of my buy orders filled. We are Witnessing a mega rally now.....wish I could have picked up more but happy I got a steal on a few ones. Gotta be happy for what I got during this dip. Would not be surprised if we see new all time highs soon.

I wish I had more ETH

I’m curious to here the reasoning of all the people who keep saying that it is a bubble and how they’re so sure it’s going down. I just glanced at the charts, I’m not so certain that it’s a bubble or that it’s popped. Bitcoin is 50% off it’s peak deserves some context. How many ‘bitholders’ were created at the peak?

Ethereum is still up 50% from 5 weeks ago lol.

errc says

anon_b7985 says

Aaaah, the rocket started :( not all of my buy orders filled. We are Witnessing a mega rally now.....wish I could have picked up more but happy I got a steal on a few ones. Gotta be happy for what I got during this dip. Would not be surprised if we see new all time highs soon.

I wish I had more ETH

I’m curious to here the reasoning of all the people who keep saying that it is a bubble and how they’re so sure it’s going down. I just glanced at the charts, I’m not so certain that it’s a bubble or that it’s popped. Bitcoin is 50% off it’s peak deserves some context. How many ‘bitholders’ were created at the peak?

Ethereum is still up 50% from 5 weeks ago lol.

It's backed by nothing, at least the supply is limited, but nobody knows what the intrinsic value is and the turnaround times for buys and sells are way too long to not get stuck. As a form of payment it is here to stay but I doubt we will see new highs any time soon, more likely more corrections. I'd agree though that the frenzy/mania hasn't settled yet and it may be too soon to call it done.

errc says

I just glanced at the charts, I’m not so certain that it’s a bubble or that it’s popped.

What charts would you compare it to? Being serious here. I don't think there's another asset, product or company this compares to. I seriously wish you luck in your endeavors in this market. I just don't think your typical chart strategy works with crypto as it's not a "normal" market if that makes sense.

I think I've said this before in a crypto thread, maybe even this one. If you're not maxed out in your tax deferred account and you're investing in this I do have to question your intelligence. If you're playing with funny money after fully funding those accounts, have fun and I wish you well.

If you don't understand this perspective (not you personally errc) then you likely don't make enough money to be buying crypto currencies. You're literally gambling and pissing away immediate tax savings and the compounding nature of those savings over time.

Just get out while you can!!!

NuttBoxer says

50% plunge since before Christmas, fad investments come and go so quickly...

and all those Patnetter that bought using their credit card will really be crying soon when the card statement comes due at the end of the month.

I would not buy on a cc. Bank acct works fine. Just dollar cost average by using some of your paycheck money. Worked well for me. On dips like we had the last two days I take a chunk of money, set buy limits, wake up and made already money. Love it. Crypto is a once in a life time chance to make some serious dough. If 2018 is going to be as profitable as 2017 was I am set financially.

Errc,
“I wish I had more ETH”
Same here, I bought a few more on the dip. I am also long on Cardano (ADA). The founder is a co-founder of ETH. ADA seems to be a very promising platform with major improvements compared to ETH. They are very early stage though. I bought a bunch and are looking to add as soon as it dips to 50 cents or below. EOS is also a platform that I heard good things about. Planning on making a move into EOS as well.