Now this is a nice thing to wake up and see !
Still under $10k back to sleep
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15816. (Read 26611018 times)
November 20, 2017, 07:32:08 AM
November 20, 2017, 07:27:35 AM
Happy happy happy
November 20, 2017, 07:27:01 AM
There's a bear in the room.
I can smell it.
November 20, 2017, 07:21:55 AM
Did it again. Woke up to relieve myself just in time for an ATH.
Now I want to stay up to see if we hit $8.1k... oh there it is.
Now I want to stay up to see if we hit $8.1k... oh there it is.
November 20, 2017, 07:02:58 AM
Gentlemen, the Honey BTCadger has done it again...
BTC ATH @ Kraken!
6800 €
He's looking at you! Don't you mess with him...
BTC ATH @ Kraken!
6800 €
He's looking at you! Don't you mess with him...
November 20, 2017, 06:57:05 AM
Kraken €/BTC = 6799€
Kraken $/BTC = 8055$
$/€ = 1.1785 ... 8055/1.1785=6835€ but there is a wall that prevent it to go above 6800
I don't know exactly what that means.
Kraken $/BTC = 8055$
$/€ = 1.1785 ... 8055/1.1785=6835€ but there is a wall that prevent it to go above 6800
I don't know exactly what that means.
November 20, 2017, 06:48:27 AM
Full credit for having the vision and sticking to it through some long dark years.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
Bitcoin is still your best bet. It's not too late to make a pisspot full of money just by holding Bitcoin.
When I bought in at $68 I felt like I'd already missed the boat. I was disappointed I hadn't learned of it 6 months earlier when I could have bought for less than a tenth of that. I really wished I'd found out about it when it was worth a few pennies.
Luckily, I realized how important Bitcoin was and didn't panic when it dropped to $50 after hitting $266. Instead I bought more.
Same thing during the long bear market following the Gox implosion. I kept buying all the way down and on every dip on the way back up. I amused myself through the tough times by sparring with Bitcoin-hating trolls like Notlambchop and Matthecat.
I shrugged off the loss of 50 coins to MtGox even though it raised the average cost of my other coins up to close to $200. I've kept buying the dips all the way up since then. Now my average cost is over $300 per. I'm still buying, except that now I'm buying a tenth of a coin at a time instead of ten at a time.
_____
I can see how some people feel it's too late to buy in. They said that at $30, again at $300 and again at $3000. They'll say it again at $30,000 but when John Mcafee avoids fellating himself on national television, people will be envious of those who bought for "only" $30k just as they are now envious of those who only paid triple digits. It's all relative.
_____
I really don't see any current altcoin having the potential for growth that Bitcoin has. It's open source, its network is the biggest computer force in history, and it has the advantage of being first.
The reason for the early success of Litecoin was that it extended the life of pre-ASIC mining equipment but most people mined it to buy Bitcoins.
Ethereum promised smart contracts but it was basically a scam on Vitalik Buterin's part to weasel other people out of their bitcoins by pre-mining and then holding the first ICO, payable in Bitcoin. Eventually the smart contract function will be added to Bitcoin via sidechains.
While there are some attempts at creating a revolutionary blockchain-based currency (especially in seeking anonymity) most are just lame me-too attempts.
IMHO only Bitcoin holds the potential to keep showing the gains we've seen these last 8-9 years. We may have missed the innovator stage of the adoption curve but we're still in the early-adopter phase. Just wait until we get to the early mainstream stage. It's not too far off.
I hope you are right. When bitcoin was around 300$ I was afraid it will go back to 100$. Instead, in May 2016 it went to 650$, November 750$ and in December to 1000$. If we compare the price for each month this year, bitcoin increased 1000%, i.e. 10 fold. The train can arrive at 10 000$ earlier this year, it is already ahead of schedule. And all this despite the forks and China's ban. If it keeps doing its thing, in November 2018 it should be at least 80 000$. Prices like this of course will have some psychological effect and FUD like 'tulip mania' will be more intensive. By then however, exchanges will have to swich displaying the price in mBTC, as Coinbase is doing now. There are still many noobs who don't know that they can buy parts of BTC.
November 20, 2017, 06:36:34 AM
Why not both?
Jimbo: I don’t disagree. It’s a message I need to hear. I am slowly working my BTC balance up through trading after modest profit taking.
November 20, 2017, 06:33:02 AM
Full credit for having the vision and sticking to it through some long dark years.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
Bitcoin is still your best bet. It's not too late to make a pisspot full of money just by holding Bitcoin.
When I bought in at $68 I felt like I'd already missed the boat. I was disappointed I hadn't learned of it 6 months earlier when I could have bought for less than a tenth of that. I really wished I'd found out about it when it was worth a few pennies.
Luckily, I realized how important Bitcoin was and didn't panic when it dropped to $50 after hitting $266. Instead I bought more.
Same thing during the long bear market following the Gox implosion. I kept buying all the way down and on every dip on the way back up. I amused myself through the tough times by sparring with Bitcoin-hating trolls like Notlambchop and Matthecat.
I shrugged off the loss of 50 coins to MtGox even though it raised the average cost of my other coins up to close to $200. I've kept buying the dips all the way up since then. Now my average cost is over $300 per. I'm still buying, except that now I'm buying a tenth of a coin at a time instead of ten at a time.
_____
I can see how some people feel it's too late to buy in. They said that at $30, again at $300 and again at $3000. They'll say it again at $30,000 but when John Mcafee avoids fellating himself on national television, people will be envious of those who bought for "only" $30k just as they are now envious of those who only paid triple digits. It's all relative.
_____
I really don't see any current altcoin having the potential for growth that Bitcoin has. It's open source, its network is the biggest computer force in history, and it has the advantage of being first.
The reason for the early success of Litecoin was that it extended the life of pre-ASIC mining equipment but most people mined it to buy Bitcoins.
Ethereum promised smart contracts but it was basically a scam on Vitalik Buterin's part to weasel other people out of their bitcoins by pre-mining and then holding the first ICO, payable in Bitcoin. Eventually the smart contract function will be added to Bitcoin via sidechains.
While there are some attempts at creating a revolutionary blockchain-based currency (especially in seeking anonymity) most are just lame me-too attempts.
IMHO only Bitcoin holds the potential to keep showing the gains we've seen these last 8-9 years. We may have missed the innovator stage of the adoption curve but we're still in the early-adopter phase. Just wait until we get to the early mainstream stage. It's not too far off.
Bravo! Well said!
Similar experience here, but I didn't get as much of an early start as Jimbo. Wish I had, or just a tad earlier in late 2012. But in the grand scheme of things it doesn't matter, everyone that gets involved will be saying the same.
Along the way in the last few years, I researched and figured out how the stock market *actually* works underneath. And specifically how stock IPO launches of major tech companies work. What I found is truly horrifying. The public would be SHOCKED and SICKENED to learn that the reason these tech companies' founders, employees, and angel investors get instantly filthy rich at IPO launch is all because the stock is 99.99% pre-mined and reserved for them. The remaining 1% gets gobbled up by deep pocketed, over-leveraged funds managers and mega whale traders, and only a tiny tiny sliver of that 1% hits the stock exchange as the float for public consumption. With a starting valuation projected 20 years into the future. From there it is over-leveraged, rehypothecated and collatoralized many times, and then HFT robo-traded... thus the needle barely moves over the years. This is why it takes 10-20 years for a stock to double or even triple, and that's only if it has real potential to gain market share and show an ongoing profit (think a Facebook or Apple).
This is all by design too: the establishment would rather have a small handful of people get instantly filthy rich, than thousands or millions of Joe Public possibly doing so (who they need to work all their life for taxation purposes). Plus they want to tightly control the volatility of these stocks, for many reasons.
So instead imagine if 100% of Facebook's initial millions and millions of stock shares were allowed to trade freely on exchanges the day it was founded back at Harvard (at a starting price of like $0.01/each), available for anyone to get in early and not just the privileged 1%'ers. That's what Bitcoin is like. And that's why the Bitcoin price is going to the moon, and we are still only at the beginning stages...
November 20, 2017, 05:55:00 AM
yea
Bitcoin is still your best bet. It's not too late to make a pisspot full of money just by holding Bitcoin.
When I bought in at $68 I felt like I'd already missed the boat. I was disappointed I hadn't learned of it 6 months earlier when I could have bought for less than a tenth of that. I really wished I'd found out about it when it was worth a few pennies.
Luckily, I realized how important Bitcoin was and didn't panic when it dropped to $50 after hitting $266. Instead I bought more.
Same thing during the long bear market following the Gox implosion. I kept buying all the way down and on every dip on the way back up. I amused myself through the tough times by sparring with Bitcoin-hating trolls like Notlambchop and Matthecat.
I shrugged off the loss of 50 coins to MtGox even though it raised the average cost of my other coins up to close to $200. I've kept buying the dips all the way up since then. Now my average cost is over $300 per. I'm still buying, except that now I'm buying a tenth of a coin at a time instead of ten at a time.
_____
I can see how some people feel it's too late to buy in. They said that at $30, again at $300 and again at $3000. They'll say it again at $30,000 but when John Mcafee avoids fellating himself on national television, people will be envious of those who bought for "only" $30k just as they are now envious of those who only paid triple digits. It's all relative.
_____
I really don't see any current altcoin having the potential for growth that Bitcoin has. It's open source, its network is the biggest computer force in history, and it has the advantage of being first.
The reason for the early success of Litecoin was that it extended the life of pre-ASIC mining equipment but most people mined it to buy Bitcoins.
Ethereum promised smart contracts but it was basically a scam on Vitalik Buterin's part to weasel other people out of their bitcoins by pre-mining and then holding the first ICO, payable in Bitcoin. Eventually the smart contract function will be added to Bitcoin via sidechains.
While there are some attempts at creating a revolutionary blockchain-based currency (especially in seeking anonymity) most are just lame me-too attempts.
IMHO only Bitcoin holds the potential to keep showing the gains we've seen these last 8-9 years. We may have missed the innovator stage of the adoption curve but we're still in the early-adopter phase. Just wait until we get to the early mainstream stage. It's not too far off.
Very well said. I entered at $200 and have to pinch myself every morning to check that I'm not still dreaming... Those reading your post will do good taking your advice.
Full credit for having the vision and sticking to it through some long dark years.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
Bitcoin is still your best bet. It's not too late to make a pisspot full of money just by holding Bitcoin.
When I bought in at $68 I felt like I'd already missed the boat. I was disappointed I hadn't learned of it 6 months earlier when I could have bought for less than a tenth of that. I really wished I'd found out about it when it was worth a few pennies.
Luckily, I realized how important Bitcoin was and didn't panic when it dropped to $50 after hitting $266. Instead I bought more.
Same thing during the long bear market following the Gox implosion. I kept buying all the way down and on every dip on the way back up. I amused myself through the tough times by sparring with Bitcoin-hating trolls like Notlambchop and Matthecat.
I shrugged off the loss of 50 coins to MtGox even though it raised the average cost of my other coins up to close to $200. I've kept buying the dips all the way up since then. Now my average cost is over $300 per. I'm still buying, except that now I'm buying a tenth of a coin at a time instead of ten at a time.
_____
I can see how some people feel it's too late to buy in. They said that at $30, again at $300 and again at $3000. They'll say it again at $30,000 but when John Mcafee avoids fellating himself on national television, people will be envious of those who bought for "only" $30k just as they are now envious of those who only paid triple digits. It's all relative.
_____
I really don't see any current altcoin having the potential for growth that Bitcoin has. It's open source, its network is the biggest computer force in history, and it has the advantage of being first.
The reason for the early success of Litecoin was that it extended the life of pre-ASIC mining equipment but most people mined it to buy Bitcoins.
Ethereum promised smart contracts but it was basically a scam on Vitalik Buterin's part to weasel other people out of their bitcoins by pre-mining and then holding the first ICO, payable in Bitcoin. Eventually the smart contract function will be added to Bitcoin via sidechains.
While there are some attempts at creating a revolutionary blockchain-based currency (especially in seeking anonymity) most are just lame me-too attempts.
IMHO only Bitcoin holds the potential to keep showing the gains we've seen these last 8-9 years. We may have missed the innovator stage of the adoption curve but we're still in the early-adopter phase. Just wait until we get to the early mainstream stage. It's not too far off.
Very well said. I entered at $200 and have to pinch myself every morning to check that I'm not still dreaming... Those reading your post will do good taking your advice.
well for...me it was oct 18th 2013 knc jupiter 500gh BTC miner .....price that day I think was $150 usd.
I made all my BTC and other crypto's from mining, I pay off such equip and get ROI thus any extra BTC and ALTS after elec/expenses/etc I hold
Should try this 'trading' thing...but I have a talent for probably buying high and selling low (at least with equip it seems that trend...why would it change for trading...
its a gift)
aside from that HODL is the way to go....also the way the IRS looks at my long term gains since 2013...IF I was to sell....I'd get creamed with capital gains tax
and increasing my tax bracket.....so say I panic, sell it all ....44% capital gains on Last in First Out (the 44% includes 20% capital gains..9% state of MN on such
and the increased tax bracket jump I'd take ..ouch..thus 44%)
So I've no panic'd and took the 44% loss on my hoard of BTC and ALTS...I then put them in my nice Edward Jones Accounts...like a good little wage slave....
everyone assumes a recession is coming (myself I think by March 2018) a recession is AT LEAST a 20% downturn..myself I expect worse with current Gov't climate.
so now at MIN I'm looking at 64% to say 84% WHEN the traditional edward jones finance account goes plop..*sure it may come back in 5 years but still*
The current tax laws are not made for windfall withdrawals on black swan finance events like BTC/Apple/Facebook/etc ...so 1st 15% is tax-free on capital gains up
to 35K I think it is..eat out a bit more add 20% on that for capital gains.....anyway with tax law you are supposed to nibble away at this as long-term investments
not dump and run
thus, panic is not the solution...HODL is
whatever, where I'm at in the process of making crypto sausage..unsure of the final result...the process is messy however getting them 'crypto brats' to a bun as it were.
You should move to Holland or Belgium. In Holland you only pay 1.2% on the amount you own the 1st of january, no taxes on the gains. In Belgium you pay 0%.
November 20, 2017, 04:52:47 AM
yea
Bitcoin is still your best bet. It's not too late to make a pisspot full of money just by holding Bitcoin.
When I bought in at $68 I felt like I'd already missed the boat. I was disappointed I hadn't learned of it 6 months earlier when I could have bought for less than a tenth of that. I really wished I'd found out about it when it was worth a few pennies.
Luckily, I realized how important Bitcoin was and didn't panic when it dropped to $50 after hitting $266. Instead I bought more.
Same thing during the long bear market following the Gox implosion. I kept buying all the way down and on every dip on the way back up. I amused myself through the tough times by sparring with Bitcoin-hating trolls like Notlambchop and Matthecat.
I shrugged off the loss of 50 coins to MtGox even though it raised the average cost of my other coins up to close to $200. I've kept buying the dips all the way up since then. Now my average cost is over $300 per. I'm still buying, except that now I'm buying a tenth of a coin at a time instead of ten at a time.
_____
I can see how some people feel it's too late to buy in. They said that at $30, again at $300 and again at $3000. They'll say it again at $30,000 but when John Mcafee avoids fellating himself on national television, people will be envious of those who bought for "only" $30k just as they are now envious of those who only paid triple digits. It's all relative.
_____
I really don't see any current altcoin having the potential for growth that Bitcoin has. It's open source, its network is the biggest computer force in history, and it has the advantage of being first.
The reason for the early success of Litecoin was that it extended the life of pre-ASIC mining equipment but most people mined it to buy Bitcoins.
Ethereum promised smart contracts but it was basically a scam on Vitalik Buterin's part to weasel other people out of their bitcoins by pre-mining and then holding the first ICO, payable in Bitcoin. Eventually the smart contract function will be added to Bitcoin via sidechains.
While there are some attempts at creating a revolutionary blockchain-based currency (especially in seeking anonymity) most are just lame me-too attempts.
IMHO only Bitcoin holds the potential to keep showing the gains we've seen these last 8-9 years. We may have missed the innovator stage of the adoption curve but we're still in the early-adopter phase. Just wait until we get to the early mainstream stage. It's not too far off.
Very well said. I entered at $200 and have to pinch myself every morning to check that I'm not still dreaming... Those reading your post will do good taking your advice.
Full credit for having the vision and sticking to it through some long dark years.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
Bitcoin is still your best bet. It's not too late to make a pisspot full of money just by holding Bitcoin.
When I bought in at $68 I felt like I'd already missed the boat. I was disappointed I hadn't learned of it 6 months earlier when I could have bought for less than a tenth of that. I really wished I'd found out about it when it was worth a few pennies.
Luckily, I realized how important Bitcoin was and didn't panic when it dropped to $50 after hitting $266. Instead I bought more.
Same thing during the long bear market following the Gox implosion. I kept buying all the way down and on every dip on the way back up. I amused myself through the tough times by sparring with Bitcoin-hating trolls like Notlambchop and Matthecat.
I shrugged off the loss of 50 coins to MtGox even though it raised the average cost of my other coins up to close to $200. I've kept buying the dips all the way up since then. Now my average cost is over $300 per. I'm still buying, except that now I'm buying a tenth of a coin at a time instead of ten at a time.
_____
I can see how some people feel it's too late to buy in. They said that at $30, again at $300 and again at $3000. They'll say it again at $30,000 but when John Mcafee avoids fellating himself on national television, people will be envious of those who bought for "only" $30k just as they are now envious of those who only paid triple digits. It's all relative.
_____
I really don't see any current altcoin having the potential for growth that Bitcoin has. It's open source, its network is the biggest computer force in history, and it has the advantage of being first.
The reason for the early success of Litecoin was that it extended the life of pre-ASIC mining equipment but most people mined it to buy Bitcoins.
Ethereum promised smart contracts but it was basically a scam on Vitalik Buterin's part to weasel other people out of their bitcoins by pre-mining and then holding the first ICO, payable in Bitcoin. Eventually the smart contract function will be added to Bitcoin via sidechains.
While there are some attempts at creating a revolutionary blockchain-based currency (especially in seeking anonymity) most are just lame me-too attempts.
IMHO only Bitcoin holds the potential to keep showing the gains we've seen these last 8-9 years. We may have missed the innovator stage of the adoption curve but we're still in the early-adopter phase. Just wait until we get to the early mainstream stage. It's not too far off.
Very well said. I entered at $200 and have to pinch myself every morning to check that I'm not still dreaming... Those reading your post will do good taking your advice.
well for...me it was oct 18th 2013 knc jupiter 500gh BTC miner .....price that day I think was $150 usd.
I made all my BTC and other crypto's from mining, I pay off such equip and get ROI thus any extra BTC and ALTS after elec/expenses/etc I hold
Should try this 'trading' thing...but I have a talent for probably buying high and selling low (at least with equip it seems that trend...why would it change for trading...
its a gift)
aside from that HODL is the way to go....also the way the IRS looks at my long term gains since 2013...IF I was to sell....I'd get creamed with capital gains tax
and increasing my tax bracket.....so say I panic, sell it all ....44% capital gains on Last in First Out (the 44% includes 20% capital gains..9% state of MN on such
and the increased tax bracket jump I'd take ..ouch..thus 44%)
So I've no panic'd and took the 44% loss on my hoard of BTC and ALTS...I then put them in my nice Edward Jones Accounts...like a good little wage slave....
everyone assumes a recession is coming (myself I think by March 2018) a recession is AT LEAST a 20% downturn..myself I expect worse with current Gov't climate.
so now at MIN I'm looking at 64% to say 84% WHEN the traditional edward jones finance account goes plop..*sure it may come back in 5 years but still*
The current tax laws are not made for windfall withdrawals on black swan finance events like BTC/Apple/Facebook/etc ...so 1st 15% is tax-free on capital gains up
to 35K I think it is..eat out a bit more add 20% on that for capital gains.....anyway with tax law you are supposed to nibble away at this as long-term investments
not dump and run
thus, panic is not the solution...HODL is
whatever, where I'm at in the process of making crypto sausage..unsure of the final result...the process is messy however getting them 'crypto brats' to a bun as it were.
November 20, 2017, 04:32:56 AM
Demand is huge.
Shorters will get rekt.
Again.
Shorters will get rekt.
Again.
November 20, 2017, 04:01:08 AM
Full credit for having the vision and sticking to it through some long dark years.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
Bitcoin is still your best bet. It's not too late to make a pisspot full of money just by holding Bitcoin.
When I bought in at $68 I felt like I'd already missed the boat. I was disappointed I hadn't learned of it 6 months earlier when I could have bought for less than a tenth of that. I really wished I'd found out about it when it was worth a few pennies.
Luckily, I realized how important Bitcoin was and didn't panic when it dropped to $50 after hitting $266. Instead I bought more.
Same thing during the long bear market following the Gox implosion. I kept buying all the way down and on every dip on the way back up. I amused myself through the tough times by sparring with Bitcoin-hating trolls like Notlambchop and Matthecat.
I shrugged off the loss of 50 coins to MtGox even though it raised the average cost of my other coins up to close to $200. I've kept buying the dips all the way up since then. Now my average cost is over $300 per. I'm still buying, except that now I'm buying a tenth of a coin at a time instead of ten at a time.
_____
I can see how some people feel it's too late to buy in. They said that at $30, again at $300 and again at $3000. They'll say it again at $30,000 but when John Mcafee avoids fellating himself on national television, people will be envious of those who bought for "only" $30k just as they are now envious of those who only paid triple digits. It's all relative.
_____
I really don't see any current altcoin having the potential for growth that Bitcoin has. It's open source, its network is the biggest computer force in history, and it has the advantage of being first.
The reason for the early success of Litecoin was that it extended the life of pre-ASIC mining equipment but most people mined it to buy Bitcoins.
Ethereum promised smart contracts but it was basically a scam on Vitalik Buterin's part to weasel other people out of their bitcoins by pre-mining and then holding the first ICO, payable in Bitcoin. Eventually the smart contract function will be added to Bitcoin via sidechains.
While there are some attempts at creating a revolutionary blockchain-based currency (especially in seeking anonymity) most are just lame me-too attempts.
IMHO only Bitcoin holds the potential to keep showing the gains we've seen these last 8-9 years. We may have missed the innovator stage of the adoption curve but we're still in the early-adopter phase. Just wait until we get to the early mainstream stage. It's not too far off.
Very well said. I entered at $200 and have to pinch myself every morning to check that I'm not still dreaming... Those reading your post will do good taking your advice.
So true. I got in at $14 and almost sold it all in disgust at $3. Luckily I didn't.
Wish I got in at $1 but whatever. Definitely still not too late.
November 20, 2017, 03:57:38 AM
Full credit for having the vision and sticking to it through some long dark years.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
Bitcoin is still your best bet. It's not too late to make a pisspot full of money just by holding Bitcoin.
When I bought in at $68 I felt like I'd already missed the boat. I was disappointed I hadn't learned of it 6 months earlier when I could have bought for less than a tenth of that. I really wished I'd found out about it when it was worth a few pennies.
Luckily, I realized how important Bitcoin was and didn't panic when it dropped to $50 after hitting $266. Instead I bought more.
Same thing during the long bear market following the Gox implosion. I kept buying all the way down and on every dip on the way back up. I amused myself through the tough times by sparring with Bitcoin-hating trolls like Notlambchop and Matthecat.
I shrugged off the loss of 50 coins to MtGox even though it raised the average cost of my other coins up to close to $200. I've kept buying the dips all the way up since then. Now my average cost is over $300 per. I'm still buying, except that now I'm buying a tenth of a coin at a time instead of ten at a time.
_____
I can see how some people feel it's too late to buy in. They said that at $30, again at $300 and again at $3000. They'll say it again at $30,000 but when John Mcafee avoids fellating himself on national television, people will be envious of those who bought for "only" $30k just as they are now envious of those who only paid triple digits. It's all relative.
_____
I really don't see any current altcoin having the potential for growth that Bitcoin has. It's open source, its network is the biggest computer force in history, and it has the advantage of being first.
The reason for the early success of Litecoin was that it extended the life of pre-ASIC mining equipment but most people mined it to buy Bitcoins.
Ethereum promised smart contracts but it was basically a scam on Vitalik Buterin's part to weasel other people out of their bitcoins by pre-mining and then holding the first ICO, payable in Bitcoin. Eventually the smart contract function will be added to Bitcoin via sidechains.
While there are some attempts at creating a revolutionary blockchain-based currency (especially in seeking anonymity) most are just lame me-too attempts.
IMHO only Bitcoin holds the potential to keep showing the gains we've seen these last 8-9 years. We may have missed the innovator stage of the adoption curve but we're still in the early-adopter phase. Just wait until we get to the early mainstream stage. It's not too far off.
Very well said. I entered at $200 and have to pinch myself every morning to check that I'm not still dreaming... Those reading your post will do good taking your advice.
November 20, 2017, 03:37:57 AM
Full credit for having the vision and sticking to it through some long dark years.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
I bought some AEON today for $2.45. Maybe if I hang onto that for 10 years it will also be worth $8k. It’s a Monero fork, equivalent to Litecoin.
Bitcoin is still your best bet. It's not too late to make a pisspot full of money just by holding Bitcoin.
When I bought in at $68 I felt like I'd already missed the boat. I was disappointed I hadn't learned of it 6 months earlier when I could have bought for less than a tenth of that. I really wished I'd found out about it when it was worth a few pennies.
Luckily, I realized how important Bitcoin was and didn't panic when it dropped to $50 after hitting $266. Instead I bought more.
Same thing during the long bear market following the Gox implosion. I kept buying all the way down and on every dip on the way back up. I amused myself through the tough times by sparring with Bitcoin-hating trolls like Notlambchop and Matthecat.
I shrugged off the loss of 50 coins to MtGox even though it raised the average cost of my other coins up to close to $200. I've kept buying the dips all the way up since then. Now my average cost is over $300 per. I'm still buying, except that now I'm buying a tenth of a coin at a time instead of ten at a time.
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I can see how some people feel it's too late to buy in. They said that at $30, again at $300 and again at $3000. They'll say it again at $30,000 but when John Mcafee avoids fellating himself on national television, people will be envious of those who bought for "only" $30k just as they are now envious of those who only paid triple digits. It's all relative.
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I really don't see any current altcoin having the potential for growth that Bitcoin has. It's open source, its network is the biggest computer force in history, and it has the advantage of being first.
The reason for the early success of Litecoin was that it extended the life of pre-ASIC mining equipment but most people mined it to buy Bitcoins.
Ethereum promised smart contracts but it was basically a scam on Vitalik Buterin's part to weasel other people out of their bitcoins by pre-mining and then holding the first ICO, payable in Bitcoin. Eventually the smart contract function will be added to Bitcoin via sidechains.
While there are some attempts at creating a revolutionary blockchain-based currency (especially in seeking anonymity) most are just lame me-too attempts.
IMHO only Bitcoin holds the potential to keep showing the gains we've seen these last 8-9 years. We may have missed the innovator stage of the adoption curve but we're still in the early-adopter phase. Just wait until we get to the early mainstream stage. It's not too far off.
November 20, 2017, 03:12:59 AM
so many ignores 
November 20, 2017, 03:10:53 AM
November 20, 2017, 03:08:45 AM
November 20, 2017, 02:54:05 AM
Three reasons I dont see a really big rise occuring right now:
1. The book on finex shrank rather than grew.
2. The volume has remained the same rather than grown.
3. It looks just like right before the dip from 3000.
1. The book on finex shrank rather than grew.
2. The volume has remained the same rather than grown.
3. It looks just like right before the dip from 3000.
yep and bfx is 70 dollars above bitstamp with 43% more longs than shorts.
Borrowing leveraged money to buy what you can't afford always ends well.
November 20, 2017, 02:35:10 AM
Euro-ATH incoming...
The Honey Badger is unstoppable...
The Honey Badger is unstoppable...
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