Is anyone else starting to become a bit worried? mod note in first post

Wanderer78

nuac wrote: »

This a discussion Board on a fast-moving market. We are all entitled to have opinions, and to express them.

true, but people really are losing the run of themselves with this one as per normal with financial bubbles.

steve keen will be appearing on sky news to chat about bitcoin soon, warning, hes no fan of it, so fanboys might be best to stay clear

Anthracite

draiochtanois wrote: »

This post has been deleted.

I'm assuming this is a joke! Don't cash out because the 'currency' is so bad at being a currency, you'll break it!

WhiteMemento9

1995 - WHY THE WEB WON'T BE NIRVANA

:P

Tinder Surprise

For fuçk sake!! (excuse the language but it's irritating) I'm all for different view points and debate. I'm all for dicussion of the pros and cons of crypto currency and the blockchain, but.....

Please enough of the one liner FUDS with no discussion or debate to back up the claims.


There are people on here that have made 4, 5 even 6 figure sums from crypto currencies and I for one am ****ìng thrilled for them.
Some ordinary Joe Soaps that took it by the balls and made life changing money ... if they had listened to some of the crap spouted in here back when they took their calculated risk they wouldn't have got anywhere.

There's a good post floating around about the Do's & Dont's which is very good, and if followed won't see many people burned, so what's people problems with others trying to better themselves and more than likely their families lifes by getting into crypto currencies? ..or is it just jealously from a few that maybe feel they've missed the boat, or didn't follow their own Do and Dont's and got burned!?!? .... Cause I'm struggling to understand some of the citric vibe from a few in here?

/rant.

WhiteMemento9

Tinder Surprise wrote: »

For fuçk sake!! (excuse the language but it's irritating) I'm all for different view points and debate. I'm all for dicussion of the pros and cons of crypto currency and the blockchain, but.....

Please enough of the one liner FUDS with no discussion or debate to back up the claims.


There are people on here that have made 4, 5 even 6 figure sums from crypto currencies and I for one am ****ìng thrilled for them.
Some ordinary Joe Soaps that took it by the balls and made life changing money ... if they had listened to some of the crap spouted in here back when they took their calculated risk they wouldn't have got anywhere.

There's a good post floating around about the Do's & Dont's which is very good, and if followed won't see many people burned, so what's people problems with others trying to better themselves and more than likely their families lifes by getting into crypto currencies? ..or is it just jealously from a few that maybe feel they've missed the boat, or didn't follow their own Do and Dont's and got burned!?!? .... Cause I'm struggling to understand some of the citric vibe from a few in here?

/rant.

Just ignore them. There are plenty of trolls in the forum buoyed by the chance of getting a rise from people clearing hurting from this crash. At least it has mainly been confined to this thread which has helped me ignore it but some of them still aren't happy and have spilled into the other threads now.

They are the lowest of the low and shouldn't be engaged with. It is one of the most negative things about Irish people. We can't be happy for others when they are doing well and it is even better when we can stick the boot in when they are down.

I know, I know you are all here to save us from ourselves and this bubble. Why do you only post here then during market down turns?

Anthracite

WhiteMemento9 wrote: »

1995 - WHY THE WEB WON'T BE NIRVANA

:P

Webvan Stock Price Closes 65% Above Initial Offering

As I've said before, the technology may (may) be sound but you can still lose a fortune.

Anthracite

WhiteMemento9 wrote: »

I know, I know you are all here to save us from ourselves and this bubble. Why do you only post here then during market down turns?

That's a fair point, but I suppose non-malicious people might think there's a better chance of getting a hearing about the risks during a crash than when people's bets are doubling on a weekly basis.

Dr Bolouswki

"Ferrets. Say what you like, but I won't have much to do with Ferrets. Filthy creatures. Nothing good ever came from a Ferret. Sure they can be used to hunt rabbits and the like, or protect grain stores vs. rodents. But they are worth nothing. Zero. Nowt. A couple of randy ferrets can have a twinkle in their eye and the next thing you know, there's bleedin' ferrets everywhere - what's that all about?! Magicked up out of nothing 'cept a couple of cans of guinness and some Barry White on the stereo?? What can you get with a Ferret? I just went down the local market and got me a flagon of mead and some opium sticks, and all for some promise notes that the village scribe drew up for me to give a tithe of the next harvest. Now that makes sense!! Notes that promise to pay from REAL THINGS. Nothing to do with imaginary benefits derived from Ferrets!! Sure I've even heard that the Celestials, those canny Oriental buckaroo's, will sell you a Ferret that's TRAINED to skitter back to it's owner once it has stolen everything you have. Skittery holes the lot of them! The Romans had it right. Little Thief they called it. HA. Thief is right. The Celestials and their trained Ferrets will have you all for fools. FOOLS I TELL YOU!!!"

kaymin

WhiteMemento9 wrote: »

I know, I know you are all here to save us from ourselves and this bubble. Why do you only post here then during market down turns?

I posted warnings 2 / 3 weeks ago when Bitcoin rose back up to $12k. I mostly just got abuse.

sabat

Tinder Surprise wrote: »

For fuçk sake!! (excuse the language but it's irritating) I'm all for different view points and debate. I'm all for dicussion of the pros and cons of crypto currency and the blockchain, but.....

Please enough of the one liner FUDS with no discussion or debate to back up the claims.


There are people on here that have made 4, 5 even 6 figure sums from crypto currencies and I for one am ****ìng thrilled for them.
Some ordinary Joe Soaps that took it by the balls and made life changing money ... if they had listened to some of the crap spouted in here back when they took their calculated risk they wouldn't have got anywhere.

There's a good post floating around about the Do's & Dont's which is very good, and if followed won't see many people burned, so what's people problems with others trying to better themselves and more than likely their families lifes by getting into crypto currencies? ..or is it just jealously from a few that maybe feel they've missed the boat, or didn't follow their own Do and Dont's and got burned!?!? .... Cause I'm struggling to understand some of the citric vibe from a few in here?

/rant.

Where do you think that money they made came from exactly? It was from other people doing the exact same thing as them, with the exact same thought process going through their heads. The only difference is they got into the pyramid earlier. The genuine guaranteed profits are being made by the exchanges who are essentially acting as the house in a casino, making their edge no matter what happens.

jasper100

sabat wrote: »

Where do you think that money they made came from exactly? It was from other people doing the exact same thing as them, with the exact same thought process going through their heads. The only difference is they got into the pyramid earlier. The genuine guaranteed profits are being made by the exchanges who are essentially acting as the house in a casino, making their edge no matter what happens.

During a gold rush, sell shovels.

rapul

Have to agree with Tinder ,absolute keyboard warriors hopping off this thread and for what reason who cares but come on lads there is discussion and then just blatent negative posts and you are getting very good answers from some but choose to just say no no I'm right your wrong and repeat the same ****e over and over again and I can see some of you are almost looking for a fight,we get it you think we're all foolish for investing in cryptos but you know in a few years time I hope it's the other way around and we are all just laughing at you literally laughing cause we made wise investments cause I'm sure you know we don't just buy on a whim ,would you bet on a team or horse without a bit of study or perhaps insight,I highly doubt it ,you have all just turned this thread into a joke

Autochange

VeChain was 3.14 a couple of hours ago. Currently trading at 3.83.

asteroids over berlin

was looking at vechain myself, may get involved, a project i let slip by and never really researched, just topped up a few more coins there. great time to buy. Keep the faith guys - hold tight and forget about your portfolios. Of course my opinion and not advice

sabat

rapul wrote: »

Have to agree with Tinder ,absolute keyboard warriors hopping off this thread and for what reason who cares but come on lads there is discussion and then just blatent negative posts and you are getting very good answers from some but choose to just say no no I'm right your wrong and repeat the same ****e over and over again and I can see some of you are almost looking for a fight,we get it you think we're all foolish for investing in cryptos but you know in a few years time I hope it's the other way around and we are all just laughing at you literally laughing cause we made wise investments cause I'm sure you know we don't just buy on a whim ,would you bet on a team or horse without a bit of study or perhaps insight,I highly doubt it ,you have all just turned this thread into a joke

I'm not offering an opinion here; this was an asset bubble which has now burst. That is a fact. It has happened. There's no more dumb money coming in to save the day this time.

https://imgur.com/AslEpBf

super_furry

jasper100 wrote: »

During a gold rush, sell shovels.

Which is why people selling graphics cards have been making out like bandits. Personally I'm hoping to pick up a couple of cheap 1080s over the next few months as people try to recoup something at least.

Bob24

Kenny Logins wrote: »

I could be wrong but I think when the rewards decrease larger miners will switch to more profitable coins, Bitcoin difficulty will drop accordingly, and then smaller miners will start up again.

That is assuming only one type of coin is dropping at a give time though? (currently it seems like all of them are dropping at the same time).

Bob24

jester77 wrote: »

The markets are at the same level they were 2 months ago, December was just a crazy month. People should just zoom out a little bit in their charts, it is not anywhere near as bad as some people are making out.

Bob24 wrote: »

The difference is that 2 months ago most coins were on an upwards trajectory and now they are on a downwards one. In a few days you might have a to zoom out a bit more and talk about 3 or 4 months ago to keep saying the long term view is positive.

I’m not in any way claming I know what will happen, there could be a rebound. But for sure gauging the situation is not just about market value but also about current trajectories and from that perspective the situation is different from what it was 2 months ago.

On this, it actually happened eve faster than I thought it would. Just after a few hours it is now required to zoom out 3 months to see stability.

sabat

6k within touching distance. If, as many predict, there's another rout in equities tomorrow, this could easily sink well below 5k as general panic sets in.

Shauny2010

I originally thought Bitcoin might fall to $5k, now I'm not so sure $5k would even hold. This may have to fall back as far as $2k before we hit the deck now.

smacl

Shauny2010 wrote: »

I originally thought Bitcoin might fall to $5k, now I'm not so sure $5k would even hold. This may have to fall back as far as $2k before we hit the deck now.

I think we're also seeing a knock on effect from problems in the global stock market today, see https://www.rte.ie/news/business/2018/0206/938625-asia-us-markets/

Wondering whether this return to last years levels will provide an opportunity for other projects / currencies to become disentangled from BTC to some extent. Personally, even though it represents most of my current investment being decimated, I think a correction to pre winter boom levels of last year would make for more long term stability.

soirish

When it falls more after you bought the dip

drunkmonkey

https://www.youtube.com/watch?v=WMPxO9l-gMg

seannash

Not being pessimistic but I can see no reason to hold onto your coins now. If anything you could sell now and buy back in cheaper. Sure its a gamble that this is the bottom and it'll start going back up now but I suspect its not stopped falling just yet.

crushproof

Well that's me just over breakeven. Expecting to go into the red anytime soon. Bloody heck, what a ride. Must be some serious personal losses out there.

After cashing out a wee bit for a hollier a few weeks ago I'm happy enough to hold what remains and see what happens. An incredible crash, I'm down 75% from the ATH's.

Bob24

seannash wrote: »

Not being pessimistic but I can see no reason to hold onto your coins now. If anything you could sell now and buy back in cheaper. Sure its a gamble that this is the bottom and it'll start going back up now but I suspect its not stopped falling just yet.

I think many people have (probably rightly) been doing that and will keep doing it. But it will exacerbate the price drop.

Since bitcoin has no intrinsic value and its value is mostly set by people’s expectation of where it is heading, it is actually a game theory problem: either you act “selfishly” and sell to garante your profit knowing that you are hurting the group and your future prospects, or you decide to hold or even buy which is the best decision for everyone including you if all other stakeholders make that same decision as it will create a rally (but it means you have to trust everyone will play by that rule or you could get screwed if too many people pick the first option).

seannash

crushproof wrote: »

Well that's me just over breakeven. Expecting to go into the red anytime soon. Bloody heck, what a ride. Must be some serious personal losses out there.

After cashing out a wee bit for a hollier a few weeks ago I'm happy enough to hold what remains and see what happens. An incredible crash, I'm down 75% from the ATH's.

Why wouldn't you cash out and buy back in at lower prices. Even if you got back in after an hour your increasing your stake

seannash

Bob24 wrote: »

I think many people have (probably rightly) been doing that and will keep doing it. But it will exacerbate the price drop.

Since bitcoins have a intrinsic value and their value is mostly set by people’s expectation of where it is heading, it is actually a game theory problem: either you act “selfishly” and sell to garantie your profit knowing that you are hurting the group and your future prospects, or you hold which is the best decision for everyone including you if all stakeholders make that decision (but it means you have to trust everyone will play by that rule or you could get screwed if too many people pick the first option).

Completely agree,
I wouldn't have much faith in others when it comes to my money personally

soirish

Great reddit, recommended:

https://www.reddit.com/r/CryptoCurrency/comments/7vga1y/i_will_tell_you_exactly_what_is_going_on_here/

drunkmonkey

Bob24 wrote: »

I think many people have (probably rightly) been doing that and will keep doing it. But it will exacerbate the price drop.

Since bitcoin has no intrinsic value and its value is mostly set by people’s expectation of where it is heading, it is actually a game theory problem: either you act “selfishly” and sell to garante your profit knowing that you are hurting the group and your future prospects, or you decide to hold or even buy which is the best decision for everyone including you if all other stakeholders make that same decision as it will create a rally (but it means you have to trust everyone will play by that rule or you could get screwed if too many people pick the first option).

Basically it's one big game of crypto chicken.