• Quick note - the problem with Youtube videos not embedding on the forum appears to have been fixed, thanks to ZiprHead. If you do still see problems let me know.

Bitcoin - Part 2

Status
Not open for further replies.
psionl0 said:
No, the question is, IS there a pump and dump? (unless you have evidence that there is).
Click to expand...
I must say this does not look like a pump.
It looks like "another look upstairs" by amateurs.
But they will be preening as fully fledged professionals right now.
 
trustbutverify said:
That price is incorrect. Must be some sort of computer error.
Click to expand...

Accidentally looking at the price in another currency? (Rather than USD)

I'm too lazy to do the research, but bitcoin could currently be a good hedge against fluctuations in the Australian dollar.

I'd have to compare it against other things, like gold to see if that's true.

(That's where the I'm too lazy comes in.)

However, it would have to be pretty rare circumstances where it was good for anyone who bought just before the mega-peak.
 
Last edited:
ChrisBFRPKY said:
Those who got in prior to Oct 2017 have still not seen a drop below their buy in price. The further back you go, the early adopters of BTC are further ahead in retaining their buy in value. Only those who came late to the party have been experiencing the recent decline at a loss.

The steep decline got me recently as well for the moment. I purchased my day trading coins back at $5250.00, a full $1000 less than I had sold them for. Had I waited a few more days I could have seen a $2000 per coin profit. Ouch. But, that's "for the moment" so I'm not particularly concerned as I've not seen a monetary loss from my recent buy back but I certainly would have liked to have had the $2000 per coin difference between what I sold and what I bought back. At worst it was a sour call on my part and just plain bad luck. Accepting the bad with the good is only fair at times. Karma and all that.

The crypto news has been extremely bad lately further driving the price lower. Of course there have always been those who cash in their BTC before the holiday season as well. Kinda like a Christmas club investment. That in conjunction with the flood of bad news had more bite than I anticipated.

A 75% loss in value is a repeat of historical losses for BTC, a little above that now for investors who bought in at the top. The percentages over time are interesting, however, the numbers don't make any difference. The news drives the price up or down. Stubbornness seems to be what works for me.
Chris B.
Click to expand...

Just an update from 23rd Nov 2018:

I did finally get my $2000.00 per coin profit about an hour ago, plus the original $1000.00 profit on the buyback of my day trading purse. That's $3000.00 per coin profit in just under 6 months of waiting. I wanted to wait longer but the wife found another house she wants. The price will likely continue to increase with my luck, but $3K profit per coin in hand is enough. I'm not greedy.

Chris B.
 
ChrisBFRPKY said:
Just an update from 23rd Nov 2018:

I did finally get my $2000.00 per coin profit about an hour ago, plus the original $1000.00 profit on the buyback of my day trading purse. That's $3000.00 per coin profit in just under 6 months of waiting. I wanted to wait longer but the wife found another house she wants. The price will likely continue to increase with my luck, but $3K profit per coin in hand is enough. I'm not greedy.

Chris B.
Click to expand...

So it's been how many % ? 30% ?
 
ChrisBFRPKY said:
Just an update from 23rd Nov 2018:

I did finally get my $2000.00 per coin profit about an hour ago, plus the original $1000.00 profit on the buyback of my day trading purse. That's $3000.00 per coin profit in just under 6 months of waiting. I wanted to wait longer but the wife found another house she wants. The price will likely continue to increase with my luck, but $3K profit per coin in hand is enough. I'm not greedy.

Chris B.
Click to expand...
Nice trade.
6974 now, short for another quick 1000
 
Status
Not open for further replies.

Back
Top Bottom