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Crypto lounge thread
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bgbusiness Away
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Post: #201
RE: Crypto lounge thread
(03-15-2018 10:40 PM)SamuelBRoberts Wrote:  1 million?
Guys are gettin' greedy.

Could you explain?
Have you went to any crypto seminars?
Have you read any books on them?

"Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner."
- Heat

"That's the difference between you and me. You wanna lose small, I wanna win big."
03-17-2018 12:58 AM
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SamuelBRoberts Offline
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Post: #202
RE: Crypto lounge thread
(03-17-2018 12:58 AM)bgbusiness Wrote:  Could you explain?
Have you went to any crypto seminars?
Have you read any books on them?

You think it's gonna be worth the same order of magnitude as the entire US government budget, and you're asking me to justify myself for saying "That's greedy"? (2.1 trill versus 3.6 trill)

Being in Bitcoin in 2017 was an amazing, once in a lifetime opportunity. Right now, it's looking like 2018 is not going to be that way. This is unfortunate, and I wish it were otherwise (Mostly because I'm really, really bored now with nothing to do but leverage trading, which has gotten really nasty over the past few months, and masternodes) but that's just the way it is.
Google trends is down. General interest is down. Many of the groups I'm in are seeing a rapid drop-off in membership. Look at how little activity there is in this subforum.

It might go up again, since it does have a tendency to do that. But right now it's looking kinda bleak.
03-17-2018 02:09 AM
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bgbusiness Away
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Post: #203
RE: Crypto lounge thread
(03-17-2018 02:09 AM)SamuelBRoberts Wrote:  
(03-17-2018 12:58 AM)bgbusiness Wrote:  Could you explain?
Have you went to any crypto seminars?
Have you read any books on them?

You think it's gonna be worth the same order of magnitude as the entire US government budget, and you're asking me to justify myself for saying "That's greedy"? (2.1 trill versus 3.6 trill)

Being in Bitcoin in 2017 was an amazing, once in a lifetime opportunity. Right now, it's looking like 2018 is not going to be that way. This is unfortunate, and I wish it were otherwise (Mostly because I'm really, really bored now with nothing to do but leverage trading, which has gotten really nasty over the past few months, and masternodes) but that's just the way it is.
Google trends is down. General interest is down. Many of the groups I'm in are seeing a rapid drop-off in membership. Look at how little activity there is in this subforum.

It might go up again, since it does have a tendency to do that. But right now it's looking kinda bleak.

LOL.
https://www.cnbc.com/2017/11/29/james-al...-2020.html

https://www.ccn.com/one-bitcoin-will-be-worth-1-million-says-cryptocurrency-pioneer/

https://www.cnbc.com/2018/02/07/winklevo...value.html

Those are just few articles that I found in minutes googling.
Maybe these people are wrong and you are right.

Since you dodged all of my questions, I am going to assume that you haven't been to a crypto seminar or read a book about it. Let's see in few years how things turn out. Our comments will be here.

Cheers.

"Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner."
- Heat

"That's the difference between you and me. You wanna lose small, I wanna win big."
(This post was last modified: 03-17-2018 02:22 AM by bgbusiness.)
03-17-2018 02:16 AM
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SamuelBRoberts Offline
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Post: #204
RE: Crypto lounge thread
If you just googled, you probably don't know that James Altucher is a scam artist who makes a living selling a really shitty crypto course. (He's that weird guy with the crooked glasses you see in all the web ads if you don't have adblock on.)
The Winklevoss twins also own massive amounts of bitcoins, and stand to gain or lose billions depending on the price (Though if I remember right they bought in early enough that losing money probably isn't in the cards for them.)

These are not disinterested parties by any means, and you should be taking their conclusions with a good bit of skepticism.

I didn't think it was relevant so I didn't answer your questions, but I've been into cryptography since high school and spent most of my life as an anti-central bank type. I've been reading about bitcoin since it showed up on slashdot in 2010 or so, and the only reason I didn't buy any was because I knew someone intimately involved in cleaning up the Mt. Gox mess and they warned me off of it. The first thing I did after buying my first crypto was read antonopoulos's "Internet of Money".

I've never been to a "Crypto Seminar", though. Can you tell me some insights you get at these seminars?
03-17-2018 02:35 AM
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thebassist Offline
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Post: #205
RE: Crypto lounge thread
(03-17-2018 12:58 AM)bgbusiness Wrote:  
(03-15-2018 10:40 PM)SamuelBRoberts Wrote:  1 million?
Guys are gettin' greedy.

Could you explain?
Have you went to any crypto seminars?
Have you read any books on them?

You should probably check this guy's rep page before you start talking shit bud

RVF Fearless Coindogger Crew
03-17-2018 03:23 AM
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bgbusiness Away
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Post: #206
RE: Crypto lounge thread
(03-17-2018 03:23 AM)thebassist Wrote:  You should probably check this guy's rep page before you start talking shit bud

It's cute how you use 'bud' trying to bring someone down.
What you said have 0 logic into it.
Someone's online information doesn't indicate if he is a good investor or not.

Cheers. GL.

"Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner."
- Heat

"That's the difference between you and me. You wanna lose small, I wanna win big."
03-17-2018 04:39 AM
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thebassist Offline
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Post: #207
RE: Crypto lounge thread
(03-17-2018 04:39 AM)bgbusiness Wrote:  It's cute how you use 'bud' trying to bring someone down.
What you said have 0 logic into it.
Someone's online information doesn't indicate if he is a good investor or not.

Cheers. GL.

   

It's cute how you have two reps and one month of posts in the crypto forum and are already trying too hard to swing your dick around and act like your opinion is worth a shit.

Sit the fuck down.

You have contributed nothing of value to the crypto forums, have absolutely nothing to show for any kind of track record in these markets, and are yet to have made any single insightful comment or contribution in discussions about this topic.

Until you do, no-one cares how many books you've read or seminars you've gone to, you have nothing to show for all of your supposed expertise, so your opinion means jack shit.

Cheers.

RVF Fearless Coindogger Crew
(This post was last modified: 03-17-2018 05:47 AM by thebassist.)
03-17-2018 05:45 AM
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SamuelBRoberts Offline
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Post: #208
RE: Crypto lounge thread
I still want to know what they tell you at a crypto seminar that's so amazing.
03-17-2018 10:59 AM
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RichieP Offline
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Post: #209
RE: Crypto lounge thread
You learn how to launch your own crypto seminar!
03-18-2018 10:35 AM
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SamuelBRoberts
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Post: #210
RE: Crypto lounge thread
For anyone who is looking for a crypto debit card. It seems like he only option for now is from Coinbase (only for US citizens). But as a workaround, you can get an account with GoldMoney.

You can now deposit ETH and BTC at GoldMoney, then exchange that for precious metals which can be used to fund a prepaid debit card [fees].

Their KYC is quite extensive though. I don't know what their corporate accounts are like.
03-18-2018 03:53 PM
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Matt3B Offline
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Post: #211
RE: Crypto lounge thread
Guessing the price of a completely speculative market doesn't make sense.

Getting into arguments about who is right and wrong, about their guesses in price of a completely speculative market, makes even less sense.

Sam makes a good point in that the people spouting off about Bitcoin being x price in whatever year have their own interests. But at the same time, you cannot shoot anyone down about it because people just do not know what is going to happen.

I'm bullish on it, and believe we will see a break of the ATH at some point later in the year based more on the psychology of investors and what we saw last year. I'd like to believe that a $50k plus Bitcoin will happen this year, but people will be wary from the big crash in December/January.

Looking at charts though, I think the lowest we will go is $3000 if we break the support at ~$5000.

I'm going to go and look back at some posts from March last year. I saw something which shows that Bitcoin traditionally suffers in March. It won't take much for the price to rise exponentially.

EDIT - just looked at the BTC thread from this time last year. A lot of the same sort of feelings as now.

The 3 Bromigos Blog
(This post was last modified: 03-19-2018 10:50 AM by Matt3B.)
03-19-2018 10:40 AM
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SamuelBRoberts Offline
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Post: #212
RE: Crypto lounge thread
(03-19-2018 10:40 AM)Matt3B Wrote:  Looking at charts though, I think the lowest we will go is $3000 if we break the support at ~$5000.

I'm going to go and look back at some posts from March last year. I saw something which shows that Bitcoin traditionally suffers in March. It won't take much for the price to rise exponentially.

EDIT - just looked at the BTC thread from this time last year. A lot of the same sort of feelings as now.

These are my targets as well, 3 and 5k. I'm not convinced that this latest upwards move wasn't just another margin trader buster. (Though I'm starting to think it might be a real move up... starting to hope anyway)

The drop last march was, eyeballing it, about 30% and wiped out the gains from a month. It wasn't the continuation of a three month long (4 month long if you start from the BTC drop) bear market that took out almost 60% of the coin's value from its high. They're qualitatively different.
03-19-2018 11:14 AM
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Matt3B Offline
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Post: #213
RE: Crypto lounge thread
Here's my steemit blog where I've explained my TA - https://steemit.com/bitcoin/@technicalan...or-bitcoin

I half expect this support at $5000 to break, but that $3000 level is great because the weekly lines up with the monthly. That would be my true bottom, but sentiment could sway bullish at $5000. For that to happen, I think we would need the media to help.

The 3 Bromigos Blog
03-19-2018 12:21 PM
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SamuelBRoberts Offline
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Post: #214
RE: Crypto lounge thread
How did you calculate the areas you marked as "demand zones"? I'm not familiar with this method.
03-19-2018 12:39 PM
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Matt3B Offline
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Post: #215
RE: Crypto lounge thread
I've got another post on the blog explaining it.

Essentially they are flags - an area of accumulation of orders on a chart where price rallies or drops from.

The 3 Bromigos Blog
03-19-2018 12:47 PM
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Sidney Crosby Offline
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Post: #216
RE: Crypto lounge thread
Feel kind of stupid investing during the Feb "dip", but don't feel as bad as if I bought during the ATH's. I've never bought Bitcoin but plan on buying it if goes down to 3k like many on here are predicting.

I'm not worried but it will take me longer than I expected to make some money.

Did the Winklevoss twins not sell off massive amounts of Bitcoin when it was around 20k?
03-30-2018 03:11 PM
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Kentemo Offline
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Post: #217
RE: Crypto lounge thread
I think this dip is probably not over yet. I also think once the bulls are back, this market will probably go up faster than last time.
Most people that sell are weak hands. These markets are still fine.

You can always do a bit of hedging. Potential losses on your altcoins due to the BTC bear market can be recuperated by a leveraged short on BTC.
Especially if you invest in altcoins that you really believe in. Once it goes back up, you have more BTC to invest. This can still be risky though, but a pretty good strategy if you don't care to much about the altcoins and you just want to accumulate as much as possible.
(This post was last modified: 03-30-2018 10:01 PM by Kentemo.)
03-30-2018 10:00 PM
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SamuelBRoberts Offline
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Post: #218
RE: Crypto lounge thread
Don't be scared of bitmex, but also do NOT use leverage higher than 5x until you get a feel for it.
03-30-2018 10:05 PM
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Matt3B Offline
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Post: #219
RE: Crypto lounge thread
I've just started using Bitmex. Wish I had done it months ago.

BTCUSD follows more textbook supply and demand technical analysis, and I've been looking (half heartedly) at trading it solely for months now.

It's not subject to noobs and retail manipulation like the shitcoins on the market. You get a random tweet out of nowhere on a shitcoin and the price dumps 20%.

Of course it is subject to IT manipulation but that is a lot more predictable than the scores of unskilled traders on the shitcoin market.

My entire target is based on daily compounding, and I've been waiting for the alt market to pick back up. Being able to go long or short on BTCUSD is a game changer for me.

There's also a lot of liquidity so if I get to say 20 BTC through trading, which I strongly believe I'm capable of, then there's no issues with getting it on the market like it is on the alt market.

I've made a few trades with 15x leverage. That's not too bad as it offers pretty wide stops (in about the $300 range at present) but I think 10x is more reasonable and offers a much wider stop. There's also no need to be greedy. I'm aiming to compound my way up 10% at a time and 10x is more than enough to be able to do that.

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03-31-2018 05:13 PM
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Sidney Crosby Offline
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Post: #220
RE: Crypto lounge thread
Coinmarketcap's April fools joke?

Bitcoin 581,017 LAMBO 0.03427340 LAMBO 22,621 LAMBO 16,952,412 BTC
04-01-2018 05:23 PM
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godfather dust Away
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Post: #221
RE: Crypto lounge thread
(04-01-2018 05:23 PM)Sidney Crosby Wrote:  Coinmarketcap's April fools joke?

Bitcoin 581,017 LAMBO 0.03427340 LAMBO 22,621 LAMBO 16,952,412 BTC

How irresponsible and discrediting of crypto, are they retarded? You don't see NASDAQ doing Black Monday jokes on April 1st.
(This post was last modified: 04-01-2018 05:31 PM by godfather dust.)
04-01-2018 05:30 PM
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zoom Offline
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Post: #222
RE: Crypto lounge thread
Anyone else buying? Trying to catch that falling knife?
(This post was last modified: 04-01-2018 06:05 PM by zoom.)
04-01-2018 05:34 PM
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godfather dust Away
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Post: #223
RE: Crypto lounge thread
The balance of good to bad news on crypto has been highly tilted to bad since January. I was going to buy in between 6000-7000 but now I'm exploring other investments. I see the floor falling out, I think you'll be able to buy in between 2000-4000.
04-01-2018 05:44 PM
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SamuelBRoberts Offline
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Post: #224
RE: Crypto lounge thread
It's weird, I have a feeling we're about to go up again, but I have absolutely no confidence it will last.
04-01-2018 11:01 PM
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godfather dust Away
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Post: #225
RE: Crypto lounge thread
SamuelB you seem to be the deepest into this, am I right that a good 70-90% of the news is bad (and not FUD?)
04-01-2018 11:31 PM
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