I'm Touring The United States! Starting in June, I'm conducting private events in 23 American cities. Click here for full details.

Post Reply 
The Bitcoin (BTC) thread
Author Message
booshala Offline
Alpha Male
****
Gold Member

Posts: 1,169
Joined: Aug 2012
Reputation: 44
Post: #2901
RE: The Bitcoin thread
Ahhh man, don't ever change, you guys... *wiping tears of laughter away*
07-31-2016 04:53 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 2 users Like booshala's post:
Savage, GlobalMan
username Offline
True Player
*****
Gold Member

Posts: 1,660
Joined: May 2011
Reputation: 11
Post: #2902
RE: The Bitcoin thread
I have some BTC in Coinbase and seeing they might be unstable where should I move them?
07-31-2016 05:49 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Innovative Casanova
*******
Gold Member

Posts: 6,127
Joined: Aug 2013
Reputation: 78
Post: #2903
RE: The Bitcoin thread
(07-31-2016 05:49 PM)username Wrote:  I have some BTC in Coinbase and seeing they might be unstable where should I move them?

I personally find blockchain.info to be a good place to hold some coins.

In another thread Booshala had recommended Jaxx.. maybe he could speak more to that?

https://www.rooshvforum.com/thread-32992...pid1362731

I know some other guys have used mycellium and trezor and ledger, but I have not used any of those other wallets, yet.

Coinbase is definitely a big institution, and there seems to be a quite a bit of press recently that they could be in the early stages of a possible run on the bank, yet I still have a hard time believing that an entity as large as coinbase would screw up (and not cover their funds) and/or attempt to run away with folk's bitcoins... but it may be better to move some of the coins away from their holdings, especially, if you are not using their exchange or otherwise have a reason to keep your coins there.

I used to have a large majority of my coins with them, but in about the past year, I had been spreading out my coins a bit, and currently, I only have about 15% of my bitcoin's with them. Since, I am currently using the GDAX exchange... I am not sure if I will lessen some of my exposure or, at least maybe I will wait and see a bit before taking any further action (which could be too late, if there really is a shortage of coins)..
07-31-2016 06:22 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes JayJuanGee's post:
username
JayJuanGee Offline
Innovative Casanova
*******
Gold Member

Posts: 6,127
Joined: Aug 2013
Reputation: 78
Post: #2904
RE: The Bitcoin thread
There may be a bit of an overhype of the solvency of Coinbase.


Surely, Coinbase is not going to inform folks if they happen to be running away with everyone's coins, yet their status page concedes that there were issues processing outbound transactions, but asserts that currently processing is back to normal.

https://status.coinbase.com/
08-01-2016 02:20 AM
Find all posts by this user Like Post Quote this message in a reply
GlobalMan Away
International Playboy
******
Gold Member

Posts: 3,028
Joined: Jul 2015
Reputation: 67
Post: #2905
RE: The Bitcoin thread
(07-31-2016 05:49 PM)username Wrote:  I have some BTC in Coinbase and seeing they might be unstable where should I move them?

Cashing out is the best choice at this time IMO

Americans are dreamers too
08-01-2016 02:37 AM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Innovative Casanova
*******
Gold Member

Posts: 6,127
Joined: Aug 2013
Reputation: 78
Post: #2906
RE: The Bitcoin thread
(08-01-2016 02:37 AM)GlobalMan Wrote:  
(07-31-2016 05:49 PM)username Wrote:  I have some BTC in Coinbase and seeing they might be unstable where should I move them?

Cashing out is the best choice at this time IMO

O.k. Globalman, how do you arrive at such a bitcoin bearish suggestion? Are you suggesting to put such money in a bank or somewhere else? Is this suggestion just for username or for everyone who happens to have bitcoins?

if you are suggesting to sell all or most of a guy's BTC, are you suggesting any time or circumstances in which a guy should consider buying back into BTC?

what kind of probability are you predicting that bitcoin will go down from here and by how much 10% or some other amount? You realize that BTC just came down about 5% in a day.. well anyway, maybe we could assume that you understand the context or would that be assuming too much.

What about bitcoin prices stay flat for a while from here? I personally kind of doubt it, but what do you think and why?

Alternatively, what kind of probability would you assign that BTC would be going up from here, such as 5% to where it was or some other price and if you have probabilities for any of the various scenarios in this space, what is the general framework for such and what financial factors support any of these kinds of conclusions?

What's your general BTC background? Do you own BTC or have you owned BTC or any other Cryptos? or otherwise how do you have knowledge about BTC's market direction?
(This post was last modified: 08-01-2016 03:13 AM by JayJuanGee.)
08-01-2016 03:08 AM
Find all posts by this user Like Post Quote this message in a reply
GlobalMan Away
International Playboy
******
Gold Member

Posts: 3,028
Joined: Jul 2015
Reputation: 67
Post: #2907
RE: The Bitcoin thread
(08-01-2016 03:08 AM)JayJuanGee Wrote:  
(08-01-2016 02:37 AM)GlobalMan Wrote:  
(07-31-2016 05:49 PM)username Wrote:  I have some BTC in Coinbase and seeing they might be unstable where should I move them?

Cashing out is the best choice at this time IMO

O.k. Globalman, how do you arrive at such a bitcoin bearish suggestion? Are you suggesting to put such money in a bank or somewhere else? Is this suggestion just for username or for everyone who happens to have bitcoins?

What's your general BTC background? Do you own BTC or have you owned BTC or any other Cryptos? or otherwise how do you have knowledge about BTC's market direction?

Jesus christ man.

Americans are dreamers too
08-01-2016 03:24 AM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Innovative Casanova
*******
Gold Member

Posts: 6,127
Joined: Aug 2013
Reputation: 78
Post: #2908
RE: The Bitcoin thread
(08-01-2016 03:24 AM)GlobalMan Wrote:  
(08-01-2016 03:08 AM)JayJuanGee Wrote:  
(08-01-2016 02:37 AM)GlobalMan Wrote:  
(07-31-2016 05:49 PM)username Wrote:  I have some BTC in Coinbase and seeing they might be unstable where should I move them?

Cashing out is the best choice at this time IMO

O.k. Globalman, how do you arrive at such a bitcoin bearish suggestion? Are you suggesting to put such money in a bank or somewhere else? Is this suggestion just for username or for everyone who happens to have bitcoins?

What's your general BTC background? Do you own BTC or have you owned BTC or any other Cryptos? or otherwise how do you have knowledge about BTC's market direction?

Jesus christ man.

You just have a gut feeling, then?
08-01-2016 03:29 AM
Find all posts by this user Like Post Quote this message in a reply
Phoenix Offline
Banned

Posts: 4,464
Joined: Jul 2014
Post: #2909
RE: The Bitcoin thread
I also have a gut feeling of "jesus christ man".

Chill... A simple "why?" would've done.
08-01-2016 04:00 AM
Find all posts by this user Like Post Quote this message in a reply
Ray Carlton Offline
Recovering Beta
*
Gold Member

Posts: 223
Joined: Nov 2012
Reputation: 4
Post: #2910
RE: The Bitcoin thread
It's impossible to post anything in this thread, which is not in line with the bullish behavior of JayJuanGee.

I am curious, how much money did you actually make with Bitcoin JayJuanGee?

At the end of the days, that's what counts.

I get the feeling that you lost quite a bit and that you need the next Bitcoin hype for getting your money back.

Mannbibel - Meistgelesener Artikel: Dominiere deine Freundin im Bett
Die Rückkehr der Männlichkeit - a german blog written by Ray
08-01-2016 04:06 AM
Visit this user's website Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Ray Carlton's post:
GlobalMan
GlobalMan Away
International Playboy
******
Gold Member

Posts: 3,028
Joined: Jul 2015
Reputation: 67
Post: #2911
RE: The Bitcoin thread
A simple non condescending reply by JJG would have done, instead of a diatribe demanding an entire personal history, especially given I was addressing another member.

I was thinking of contributing, but I think I'll pass. Reviewing past pages reveals there's only one purpose here now- an unnecessarily hyper-defensive man trying to justify what are perhaps poor investment decisions, lashing out at any other viewpoint.

Just rename the thread to Juan Gee Guide to Buying High and Going Down With The Ship

Good luck fellas.

Americans are dreamers too
08-01-2016 04:14 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 2 users Like GlobalMan's post:
Ray Carlton, Satoshi
Satoshi Offline
Banned

Posts: 885
Joined: Nov 2013
Post: #2912
RE: The Bitcoin thread
(08-01-2016 02:20 AM)JayJuanGee Wrote:  There may be a bit of an overhype of the solvency of Coinbase.

No shit sherlock. Do you even read the links you post yourself?
08-01-2016 09:13 AM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Innovative Casanova
*******
Gold Member

Posts: 6,127
Joined: Aug 2013
Reputation: 78
Post: #2913
RE: The Bitcoin thread
(08-01-2016 04:06 AM)Ray Carlton Wrote:  It's impossible to post anything in this thread, which is not in line with the bullish behavior of JayJuanGee.

I certainly have no power in RVF beyond, perhaps, some attempts to persuade guys, and maybe that does not even go too well sometimes.

On the other hand, I am not trying to sell anything. I present my point of view regarding bitcoin, and I attempt to share various bitcoin news and talking pieces that I believe are mostly informative about bitcoin, which I concede I do tend to present bullish information because in my view there is plenty of bearish and misinformed information in mainstream media, so I have little incentive to merely present information that can easily be found in mainstream media regarding bitcoin.

(08-01-2016 04:06 AM)Ray Carlton Wrote:  I am curious, how much money did you actually make with Bitcoin JayJuanGee?

At the end of the days, that's what counts.

In the end, you have your opinion about what counts, which seems to be a bit different from mine, and I have no problem with your attempts to present that or to argue that.

I have stated my view quite a bit in this thread, and likely no need to get into depth about my view based on your mere assertion of your opinion, yet in sum, I view bitcoin as one component of a total investment portfolio that guys can tailor to their own situations and parts of any guys portfolio will likely perform differently at different times, and that is generally viewed as a good thing in financial investment circles - and I happen to agree and mostly attempt to follow those kinds of ideas to the extent that I believe that they are suitable to my situation.

(08-01-2016 04:06 AM)Ray Carlton Wrote:  I get the feeling that you lost quite a bit and that you need the next Bitcoin hype for getting your money back.

You get the feeling, but your feeling seems to be based on mostly conjectures regarding my frequently posting of bullish ideas in this thread? O.k.

Are you discounting my actual factual representations regarding my BTC holdings that I have certainly sufficiently shared in this thread. What about you, Carlton, do you own any BTC and if so for how long and what has been your strategy?
08-01-2016 01:33 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Innovative Casanova
*******
Gold Member

Posts: 6,127
Joined: Aug 2013
Reputation: 78
Post: #2914
RE: The Bitcoin thread
(08-01-2016 04:14 AM)GlobalMan Wrote:  A simple non condescending reply by JJG would have done, instead of a diatribe demanding an entire personal history, especially given I was addressing another member.

Yes, seems that you chose to read my response as condescending. An explanation would be appreciated, but apparently you already stated your reasons for not doing so.


(08-01-2016 09:13 AM)Satoshi Wrote:  
(08-01-2016 02:20 AM)JayJuanGee Wrote:  There may be a bit of an overhype of the solvency of Coinbase.

No shit sherlock. Do you even read the links you post yourself?

Articles are all over the place, and I don't claim to capture every single nuance in my posts but sometimes I just post interesting articles of current talking points. Surely, in the past few weeks, Coinbase has been getting a lot of attention, and more attention in the past week or so, especially after some of it's apparent mistakes with the Ethereum split (ETH/ETC)
(This post was last modified: 08-01-2016 01:50 PM by JayJuanGee.)
08-01-2016 01:42 PM
Find all posts by this user Like Post Quote this message in a reply
GlobalMan Away
International Playboy
******
Gold Member

Posts: 3,028
Joined: Jul 2015
Reputation: 67
Post: #2915
RE: The Bitcoin thread
(08-01-2016 01:33 PM)JayJuanGee Wrote:  
(08-01-2016 04:06 AM)Ray Carlton Wrote:  I am curious, how much money did you actually make with Bitcoin JayJuanGee?

At the end of the days, that's what counts.

In the end, you have your opinion about what counts, which seems to be a bit different from mine, and I have no problem with your attempts to present that or to argue that.

I have stated my view quite a bit in this thread, and likely no need to get into depth about my view based on your mere assertion of your opinion, yet in sum, I view bitcoin as one component of a total investment portfolio that guys can tailor to their own situations and parts of any guys portfolio will likely perform differently at different times, and that is generally viewed as a good thing in financial investment circles - and I happen to agree and mostly attempt to follow those kinds of ideas to the extent that I believe that they are suitable to my situation.

Translation- He hasn't made anything, that's why all this hot air. It's too bad he can't be honest instead of misleading people with convoluted reasonings.

It's interesting that, now knowing this and looking at previous posts, he continues to dish out advice and present himself as a kind of authority, continues to be bullish, in both an attempt to justify his mistakes to himself and to hopefully get others on board. Imagine a guy like this demanding the background of others.

I was able to put a substantial down payment on a home from my $600 investment in Bitcoin.

But carry on with your blog Juan.

Americans are dreamers too
(This post was last modified: 08-01-2016 02:12 PM by GlobalMan.)
08-01-2016 02:10 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes GlobalMan's post:
Satoshi
JayJuanGee Offline
Innovative Casanova
*******
Gold Member

Posts: 6,127
Joined: Aug 2013
Reputation: 78
Post: #2916
RE: The Bitcoin thread
(08-01-2016 02:10 PM)GlobalMan Wrote:  
(08-01-2016 01:33 PM)JayJuanGee Wrote:  
(08-01-2016 04:06 AM)Ray Carlton Wrote:  I am curious, how much money did you actually make with Bitcoin JayJuanGee?

At the end of the days, that's what counts.

In the end, you have your opinion about what counts, which seems to be a bit different from mine, and I have no problem with your attempts to present that or to argue that.

I have stated my view quite a bit in this thread, and likely no need to get into depth about my view based on your mere assertion of your opinion, yet in sum, I view bitcoin as one component of a total investment portfolio that guys can tailor to their own situations and parts of any guys portfolio will likely perform differently at different times, and that is generally viewed as a good thing in financial investment circles - and I happen to agree and mostly attempt to follow those kinds of ideas to the extent that I believe that they are suitable to my situation.

Translation- He hasn't made anything, that's why all this hot air. It's too bad he can't be honest instead of misleading people with convoluted reasonings.

I'm not going to take personally your attacks at my honesty because apparently you have not either read nor understood a large number of my posts. In essence, I disclose the good, bad and the ugly, even in regards to myself.

You seem to have recognized that I had been posting on a fairly contemporary basis about my BTC holdings and my strategy, and I have provided sufficient detail in order to discuss my buying, holding and trading strategies.

I am not trying to compete with anyone regarding my approach or whether another approach may be more suitable to some other guy(s).

In my view, average cost per BTC is not a total reflection of the extent to which my own BTC holdings are serving a decent purpose in terms of my total investment package.

To illustrate, I have disclosed some of my situation previously, but it may be worth a bit of repeating.

I started buying at $1,200 in November 2013, and the reason that I started at that point is because I just read up about BTC, and at that time, I considered BTC to be a potentially good hedge regarding the dollar - because almost all of my then investments were either directly or indirectly connected with dollar performance.

I developed a six month strategy to buy BTC on a dollar cost averaging basis and then to reassess the situation.. and yes to hedge against my dollar investments. At that time, I allocated a bit less than .5% of my total quasi-liquid monies towards dollar cost averaging into BTC. After 6 months, I reassessed, and I decided to continue to invest with my dollar cost averaging approach for the remainder of the year, and then to reassess again, which I did. By the end of the year (2014), I had about an average cost per BTC of about $540, but BTC prices were then about $300 (and later to have low price spikes below $200 - but yeah, much of 2015 BTC prices floated mostly in the lower to mid $200s) .

I was going to continue to buy BTC through early 2015; however, I ran into some cash flow issues related to a business of mine, and therefore, I had to streamline some of my purchasing of BTC in early 2015. I did not sell any BTC during early 2015, yet I was not able to buy during early 2015.

By about mid 2015, I had sorted out some of my business and cash flow issues and I resumed dollar cost average buying BTC with whatever extra funds I had available during that period.

By October 2015, my average cost per BTC was around $502, and the price was still in the mid $200s. In about August 2015, I had conceptually divided my BTC holdings into three portions in order to justify being able to sell portions and to trade the portions of BTC that had average costs of below $250 and begun to trade little by little in mid-October 2015 while BTC prices were going up.

In the beginning of my BTC trading my personal trading authorization amounts were really low in comparison to my total BTC holdings, yet I was merely attempting to devise plans and strategies in order to learn how to trade profitably. In essence, I did not sell very much BTC in the November 2015 price run up to $500.. but anyhow, I did sell as prices went up and bought as prices went down and continued to stack up my bets in order to prepare my BTC holdings for price moves in either direction, which continues to be my ongoing strategy in regards to bitcoin and in order to hedge a bit in regards to bitcoin's ongoing volatility to continue to stack up orders on both sides of the ledger.

I continue to dollar cost average buy BTC with spare cash flow, but largely, my amount invested in BTC has not increased considerably after I started trading in October 2015. In other words, my amount invested has remained fairly stable, but my average cost per BTC has gone down considerably, which currently is a bit less than $440 per BTC. I also have fiat stacked up in my BTC trading accounts and even though I have been selling BTC as BTC prices go up, since BTC prices had come down from upper $700, my total holdings in BTC is currently at it's high point.

In the past week with some of the downward price movement, and also logistically, I had been moving some BTC funds around, I am probably a bit higher stacked in BTC than I wished, but anyhow, I am about 97% BTC and 3% fiat in my BTC trading funds. Under current market conditions, I think that I would prefer around 95%.. so maybe I will be able to get back there, possibly?

Sure, I don't know exactly how my personal BTC investment would play out if BTC prices were to drop below my average costs, again, but I have not heard any news in the BTC space that would cause me to sell BTC on the way down or to significantly change my current strategy that seems to be suitable to my total investments.

In other words, I continue to buy BTC on the way down and to sell BTC on the way up... unless I get some kind of news or premonition that will cause me to employ some kind of pre-emptive strike in one direction or another.


(08-01-2016 02:10 PM)GlobalMan Wrote:  It's interesting that, now knowing this and looking at previous posts, he continues to dish out advice and present himself as a kind of authority, continues to be bullish, in both an attempt to justify his mistakes to himself and to hopefully get others on board.

I guess that you have some kind of inability or skepticism to take me at my word in terms of my ongoing assertions that I am not trying to sell anything to anyone, including bitcoin.. hahahahaaha.

Yes, I am bullish about bitcoin, and yes, I present bullish information about bitcoin, but in the end, guys need to decide for themselves whether and how much to invest in BTC and what kinds of strategies to employ, if any.

I am only an authority in terms of my own experiences and my own perspectives, but in the end, my experiences and perspective contributes to my opinion which is just that, and guys can take my opinion, evidence and/or logic with whatever grain of salt or they can provide their own information and perspective, if they so choose.


(08-01-2016 02:10 PM)GlobalMan Wrote:  Imagine a guy like this demanding the background of others.

I could give a ratt's ass about your actual personal background, except to the extent that it could be relevant to backing up the vague conclusory opinion that you had posted, which to date you have not written anything to back up, except implying, perhaps, that you may possibly have a feeling about the price direction. If you are talking about long term or short term or merely out of your ass, we have no idea because you have taken most of your marbles and almost gone home.


(08-01-2016 02:10 PM)GlobalMan Wrote:  I was able to put a substantial down payment on a home from my $600 investment in Bitcoin.

I have nothing against guys making money or having had made money in bitcoin in early days.

There were certainly a lot of folks in the earlier bubbles that made a lot of money with bitcoin in those bubbles, and there were folks who made a lot of money shorting bitcoin in 2014 and parts of 2015, but the mere assertion of past success in bitcoin seems to me to be more of an appeal to authority (or possibly luck) rather than any kind of meaningful contemporary explanation about current market conditions.

Yeah, guys can make vague assertions of BTC movements either price directions, and they may even be right in their predictions, but being right does not mean a whole lot for other guys to credit your assertion(s) in one direction or another or to figure out how your perspective might apply to their situation, if you do not provide some details regarding how you arrived at such prediction(s).


(08-01-2016 02:10 PM)GlobalMan Wrote:  But carry on with your blog Juan.

I concede that I do post a lot in this thread, and bitcoin remains an ongoing interest of mine.

I have no problem with standing down regarding some posts or contents to the extent that others may want to put forth various kinds of bitcoin related substance, and of course, it is possible to ignore me too, no?

In any event, guys can post whatever they want in this thread and why would it matter if I agree with either their conclusions or how they arrived at their conclusions?
08-01-2016 03:58 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Innovative Casanova
*******
Gold Member

Posts: 6,127
Joined: Aug 2013
Reputation: 78
Post: #2917
RE: The Bitcoin thread
To the extent that any RVF guys care about my current quasi-"bullish" BTC price observations, here goes:

1) Upper $500s is looking more possible, after today's additional price dip.

2) Breaking through the upper $500s could likely bring some kind of contagion in bring BTC prices lower, yet I do believe that there would be considerable resistance in the $540 to $560 price range

3) At the moment, ETH / ETC may be looking like a bit of a joke to the outside world, and there may be some implications on bitcoin (guilt by association), but really I would consider the current downward price movement of bitcoin to be a kind of normal correction that is not really any kind of deep damnation of bitcoin in the longer or even medium term. Bitcoin remains in a decent place, technically and the various fundamentals, including the recent halvening and the upcoming implementations of seg wit and other upcoming changes.

4) Personally, I think that bitcoin is still in bullish trend so long as prices do not go below $420-ish, and I believe it would take quite a bit of negative news and downward momentum and maybe just pure downward attempts at price manipulation (possibly at a loss) to bring BTC prices even close to those mid-to-lower $400s levels, and like I mentioned above, I expect considerable resistance in the mid-$500s - and even with that, BTC prices do need to break through the resistance in the lower $600s too, which is really nothing to sneeze at...

Any contrary or otherwise assessments?
08-01-2016 05:03 PM
Find all posts by this user Like Post Quote this message in a reply
booshala Offline
Alpha Male
****
Gold Member

Posts: 1,169
Joined: Aug 2012
Reputation: 44
Post: #2918
RE: The Bitcoin thread
Already down in to the $400's after news of the Bitfinex hack... this is another reason I don't keep any funds BTC or USD on the exchanges.

Tried to buy some on Coinbase and Circle, but neither is allowing the trades to go through...
08-02-2016 06:06 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 2 users Like booshala's post:
GlobalMan, BBinger
nmmoooreland20 Offline
Chubby Chaser
**

Posts: 369
Joined: Apr 2011
Reputation: 5
Post: #2919
RE: The Bitcoin thread
Bitcoin and Ether getting worked today.
08-02-2016 06:53 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Innovative Casanova
*******
Gold Member

Posts: 6,127
Joined: Aug 2013
Reputation: 78
Post: #2920
RE: The Bitcoin thread
(08-02-2016 06:06 PM)booshala Wrote:  Already down in to the $400's after news of the Bitfinex hack... this is another reason I don't keep any funds BTC or USD on the exchanges.

Tried to buy some on Coinbase and Circle, but neither is allowing the trades to go through...


Yep.. lot's of surprising action today, and still to be determined what is going on, exactly at Bitfinex. Market's hate uncertainty, and there is a bit of contagion, once prices start moving in one direction or another (as we know, down in this case).

I was able to buy and sell at both Coinbase and Circle today, but I noticed, at times, I had to reload the pages because they were slow, and maybe getting a lot of traffic due to today's volatility, which seems to be not even close to being over, yet.
08-02-2016 09:01 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Innovative Casanova
*******
Gold Member

Posts: 6,127
Joined: Aug 2013
Reputation: 78
Post: #2921
RE: The Bitcoin thread
(08-02-2016 06:53 PM)nmmoooreland20 Wrote:  Bitcoin and Ether getting worked today.

Yep, both of them (or should we say all three of them if you include both ETH and ETC) getting worked pretty good today, but really difficult to determine if one is connected with another in terms of price performance.

Most of the cryptos negatively affected in their price today, and sometimes when this kind of volatility begins, then there can be some good opportunties to identify some other cryptos and attempt to trade between them (can gain or lose a lot, depending on how you play it).
08-02-2016 09:05 PM
Find all posts by this user Like Post Quote this message in a reply
Rawmeo Offline
True Player
*****
Gold Member

Posts: 1,587
Joined: Oct 2014
Reputation: 48
Post: #2922
RE: The Bitcoin thread
Bitcoin and Ethereum have tanked - fortunately I was able to make a trade right before Bitfinex went dark. Let's hope they won't gox us.

Optimist: "The glass is half full." Pessimist: "The glass is half empty." Feminist: "The glass has been raped."
Flags: 5

Team Appetizers | Team Numerical Scale

Living in Thailand, enjoying life, making money, not interested in Western woman, not giving a fuck about millenial problems, addicted to rawdogging.
#NoHymenNoDiamond #PoppedCherryDontMarry #RealMenDontDateSingleMoms
08-02-2016 09:45 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Rawmeo's post:
GlobalMan
JayJuanGee Offline
Innovative Casanova
*******
Gold Member

Posts: 6,127
Joined: Aug 2013
Reputation: 78
Post: #2923
RE: The Bitcoin thread
(08-02-2016 09:45 PM)Rawmeo Wrote:  Bitcoin and Ethereum have tanked - fortunately I was able to make a trade right before Bitfinex went dark. Let's hope they won't gox us.

It's still very unclear about what is going on with Bitfinex.

There are some pretty decent rumors that they may have lost nearly 120k coins, but it is still fairly far from being confirmed.

https://www.reddit.com/r/Bitcoin/comment...g_wallets/

So we have to continue to check with various rumor sources, and then see what Bitfinex finally says, or how long it takes for them to attempt some kind of clarification of the matter (perhaps, to either or confirm or deny the accuracy of the rumors)
08-02-2016 10:06 PM
Find all posts by this user Like Post Quote this message in a reply
Phoenix Offline
Banned

Posts: 4,464
Joined: Jul 2014
Post: #2924
RE: The Bitcoin thread
Just as an external observer, when I see someone writing like those posts I just assume "this man has lost a lot of money".
08-03-2016 01:46 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Phoenix's post:
GlobalMan
JayJuanGee Offline
Innovative Casanova
*******
Gold Member

Posts: 6,127
Joined: Aug 2013
Reputation: 78
Post: #2925
RE: The Bitcoin thread
(08-03-2016 01:46 AM)Phoenix Wrote:  Just as an external observer, when I see someone writing like those posts I just assume "this man has lost a lot of money".

External observer to what?

You are not invested in bitcoin, yet you are just making casual observations without actually reading anything, or only selectively reading and arriving at your "assumptions?"
08-03-2016 02:19 AM
Find all posts by this user Like Post Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  IRS: Bitcoin is not currency assman 23 7,390 07-06-2019 08:37 PM
Last Post: Deepdiver
  Bitcoin & Cryptocurrency Profit & Loss Trackers & Capital Gains Calculators jamaicabound 2 4,644 06-01-2019 09:03 AM
Last Post: Dr. Howard
  DACing for Cryptodummies: Hassle-Free and Easy Bitcoin Investing SamuelBRoberts 108 32,358 12-26-2018 08:27 PM
Last Post: redbeard

Forum Jump:


User(s) browsing this thread: 2 Guest(s)

Contact Us | RooshV.com | Return to Top | Return to Content | Mobile Version | RSS Syndication