Is anyone else starting to become a bit excited?

Dohnjoe · 07-01-2020 01:48AM

paleoperson wrote: »

So in general terms bitcoin has been decreasing steadily since June 2019 from €7,000 to €6,500 and no signs of abating.

It's just gone up 7.5% in 24 hours. EUR 7,084 right now. This time last year it was EUR 3,600. Yeah, a lot of gambling involved, thin air, etc - but the gains in crypto can be insane when you catch them, which is the attraction

Grumpypants · 07-01-2020 09:05AM

paleoperson wrote: »

I told you all. You can't make money out of thin air. Any money you do get from it is just taking from someone else.

Any money you earn in any aspect of life is just taking money from someone else. That's literally how it works.

cnocbui · 07-01-2020 09:56AM

paleoperson wrote: »

So in general terms bitcoin has been decreasing steadily since June 2019 from €7,000 to €6,500 and no signs of abating.

I told you all. You can't make money out of thin air. Any money you do get from it is just taking from someone else.

Are you sure you should be in an investment forum, because you don't seem to understand the basics?

q85dw7osi4lebg · 07-01-2020 11:33AM

paleoperson wrote: »

So in general terms bitcoin has been decreasing steadily since June 2019 from €7,000 to €6,500 and no signs of abating.

I told you all. You can't make money out of thin air. Any money you do get from it is just taking from someone else.

Bitcoin has been increasing steadily for 10 years, find a Youtube tutorial on how to zoom out on your screen.

unkel · 07-01-2020 02:36PM

Addison Fancy Macrame wrote: »

Bitcoin has been increasing steadily for 10 years

I don't think "steadily" is an appropriate word here

q85dw7osi4lebg · 07-01-2020 03:15PM

unkel wrote: »

I don't think "steadily" is an appropriate word here

If you squint and stand 3 feet from your monitor it looks relatively stead to me.

Grumpypants · 07-01-2020 06:00PM

Another healthy tick today. €7122 now.

GodlikeRed · 07-01-2020 07:40PM

paleoperson wrote: »

I told you all. You can't make money out of thin air. Any money you do get from it is just taking from someone else.

The world, economy and life are not a zero sum game.

Also, money is quite literally printed out of thin air each day in the US & EU due to quantitative easing. So there is that......

Grumpypants · 07-01-2020 07:47PM

Grumpypants wrote: »

Another healthy tick today. €7122 now.

€7280 now. Great few days.

Arrival · 07-01-2020 08:40PM

Bittersweet that we didn't see <€5k again

Bob24 · 07-01-2020 09:11PM

Dash and Monero have been on fire in the past couple of days (even compared to the rest of the bunch). They had been poor performers in the past few months and I thought people were slowly writing them off due to regulatory fears and delistings from exchanges, but I might have been wrong.

GodlikeRed · 07-01-2020 11:49PM

Bob24 wrote: »

Dash and Monero have been on fire in the past couple of days (even compared to the rest of the bunch). They had been poor performers in the past few months and I thought people were slowly writing them off due to regulatory fears and delistings from exchanges, but I might have been wrong.

Dash and Monero are practically illiquid. Much of the volume you see in coinmarketcap is faked. It easier when you stop trying to catch the bounces with those coins.

JJJJNR · 08-01-2020 01:19AM

Iran have launched an attack on a US base in Iraq.. major concern for the situation there.

Bitcoin just jumped 200 dollars.

Bob24 · 08-01-2020 02:01AM

GodlikeRed wrote: »

Dash and Monero are practically illiquid. Much of the volume you see in coinmarketcap is faked. It easier when you stop trying to catch the bounces with those coins.

I am not much interested in owning these TBH, but any reason their volumes would be more fake than for other coins? (Monero volumes are half of Binance Coin which doesn't seem that low)

Dohnjoe · 08-01-2020 02:05AM

Amazing how quickly sentiment changes. I am very regimental and even I am getting buy urges.

Bob24 · 08-01-2020 02:07AM

JJJJNR wrote: »

Iran have launched an attack on a US base in Iraq.. major concern for the situation there.

Bitcoin just jumped 200 dollars.

Whoo that came more quickly and more directly targetted than I would have thought :-/ Not good news for the world but yes if this keeps escalating, for us it will be an interesting test of wether Bitcoin is seen as a potential safe haven asset.

Bob24 · 08-01-2020 02:13AM

Dohnjoe wrote: »

Amazing how quickly sentiment changes. I am very regimental and even I am getting buy urges.

If the assumption is that Bitcoin would follow the traditional gold pattern as a recipient for fear, it is usually not a good idea to buy shortly after this type of event as everyone panics and prices overshoot almost instantly before correcting a bit and consolidating.

But I am not sure I believe myself in what I am saying, as this could further escalate :-/

Frozen Veg · 08-01-2020 10:45AM

Could be looking at $10k BTC pretty soon.

Grumpypants · 08-01-2020 11:26AM

€7122 now.
€7280 now.
€7500 now.

New year new lease of life.

Frozen Veg · 08-01-2020 02:59PM

Chain link my big hope for this year.

GodlikeRed · 08-01-2020 04:49PM

Bob24 wrote: »

I am not much interested in owning these TBH, but any reason their volumes would be more fake than for other coins? (Monero volumes are half of Binance Coin which doesn't seem that low)

Its a 1/10th of binance coin fyi.
My personal tactic is to buy BTC and forget about it, its easier on the mind.
Yea I might miss a 50x coin but the likelihood one could pick that token is tiny - at least with BTC im not gonna miss the boat (if there is one at all).

Bob24 · 08-01-2020 04:57PM

GodlikeRed wrote: »

Its a 1/10th of binance coin fyi.
My personal tactic is to buy BTC and forget about it, its easier on the mind.
Yea I might miss a 50x coin but the likelihood one could pick that token is tiny - at least with BTC im not gonna miss the boat (if there is one at all).

See current screenshot from coin marketcap below - not showing 1/10th, more 1/3rd.

GodlikeRed · 08-01-2020 07:29PM

Bob24 wrote: »

See current screenshot from coin marketcap below - not showing 1/10th, more 1/3rd.

Aye your right - sorry I was reading the BSV (weather) volume!

We will see what happens at the BTC halving. Should be interesting, I wont sell unless we see new insane ATHs.

worded · 09-01-2020 02:34AM

GodlikeRed wrote: »

Its a 1/10th of binance coin fyi.
My personal tactic is to buy BTC and forget about it, its easier on the mind.
Yea I might miss a 50x coin but the likelihood one could pick that token is tiny - at least with BTC im not gonna miss the boat (if there is one at all).

+1

I’m the same

I’m wondering if this is all going to crash

I’m rich because you are rich ?

GodlikeRed · 09-01-2020 10:12AM

worded wrote: »

+1

I’m the same

I’m wondering if this is all going to crash

I’m rich because you are rich ?

Its likely not going to crash (sub 1K lets say), https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1 - its a new form of money. Blockchain is a revolutionary technology, which is optimally setup to work within the bitcoin (BTC) protocol.
The biggest threat is if it threatens nation states monetary control, they might act then.

cnocbui · 09-01-2020 11:03AM

GodlikeRed wrote: »

Its likely not going to crash (sub 1K lets say), https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1 - its a new form of money. Blockchain is a revolutionary technology, which is optimally setup to work within the bitcoin (BTC) protocol.
The biggest threat is if it threatens nation states monetary control, they might act then.

Nation states taking action in the face of a currency threat - Oooo - my knees tremble at the very thought, what with examples of their past successes, like UK£ vs Soros, Zimbabwe vs $, Argentina, Venezuela, Zimbabwe, Wiemar Republic vs inflation, Switzerland CHF appreciation vs everything else a few years back, yeah, history is so replete with examples of nation states getting their way with their currency wishes, Bitcoin should watch out. /s

GodlikeRed · 10-01-2020 01:21PM

cnocbui wrote: »

Nation states taking action in the face of a currency threat - Oooo - my knees tremble at the very thought, what with examples of their past successes, like UK£ vs Soros, Zimbabwe vs $, Argentina, Venezuela, Zimbabwe, Wiemar Republic vs inflation, Switzerland CHF appreciation vs everything else a few years back, yeah, history is so replete with examples of nation states getting their way with their currency wishes, Bitcoin should watch out. /s

(Y)

Dohnjoe · 10-01-2020 05:04PM

cnocbui wrote: »

Nation states taking action in the face of a currency threat - Oooo - my knees tremble at the very thought, what with examples of their past successes, like UK£ vs Soros, Zimbabwe vs $, Argentina, Venezuela, Zimbabwe, Wiemar Republic vs inflation, Switzerland CHF appreciation vs everything else a few years back, yeah, history is so replete with examples of nation states getting their way with their currency wishes, Bitcoin should watch out. /s

If global regulators were so inclined they could decide to forbid banks or payment services from doing business with crypto exchanges that carried e.g. Monero. Which would decimate it's value overnight.

Luckily, so far, they seem to be letting most of this slide.

q85dw7osi4lebg · 10-01-2020 05:24PM

Portfolio all time high today.

The down times are a walk in the park these days. Emotionless

unkel · 11-01-2020 12:30PM

Addison Fancy Macrame wrote: »

Portfolio all time high today.

It should be if you are feeding it FIAT every month

Only teasing, may your portfolio go up forever more!

Is anyone else starting to become a bit excited?

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