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Post by General Smithers on Jan 16, 2018 12:38:31 GMT
 Try looking back over the history of bitcoin. It once went from $5000 all the way back down to $1000 and people were saying the same things then and saying it was over and people should have cashed out at $5000. Then it went all the way up to $25,000 and they looked like fools. This dip is nothing but a chance for people to buy more before it skyrockets again. BTW it went even lower right before Xmas and then bounced back to 20K Obviously you don't watch the news. Not much because the news is normally always wrong. But what are you referring to specifically? Some lame news article saying bitcoin is over? Cos I can link to about 5000 of those articles from the past 8 years, and every single one of them was wrong... |
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Post by Alan-P on Jan 16, 2018 12:44:28 GMT
Obviously you don't watch the news. Not much because the news is normally always wrong. But what are you referring to specifically? Some lame news article saying bitcoin is over? Cos I can link to about 5000 of those articles from the past 8 years, and every single one of them was wrong... No the talk that China and South Korea are gearing up to ban the trade of crypto-curreny. It's a money laundering wet dream, like I said weeks ago. Nothing to stop a cartel buying 100 of Bitcoin on the sly then selling it back the next day with a nice squeaky clean shine to it. |
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Post by General Smithers on Jan 16, 2018 12:49:58 GMT
Not much because the news is normally always wrong. But what are you referring to specifically? Some lame news article saying bitcoin is over? Cos I can link to about 5000 of those articles from the past 8 years, and every single one of them was wrong... No the talk that China and South Korea are gearing up to ban the trade of crypto-curreny. It's a money laundering wet dream, like I said weeks ago. Nothing to stop a cartel buying 100 of Bitcoin on the sly then selling it back the next day with a nice squeaky clean shine to it. Oh I see what you're talking about now: www.cnbc.com/2018/01/16/bitcoin-price-slips-to-its-lowest-level-in-six-weeks.html"South Korea Finance Minister Kim Dong-yeon said in a radio program interview that "the shutdown of virtual currency exchanges is still one of the options" the government has, according to an English-language report Tuesday from South Korea's Yonhap News. All he said was it was still one of the options, they haven't decided to shut down anything yet. And from the same article: ""But we don't expect to see a major sell-off. Bitcoin in particular has gone through this cycle before ... Moreover, it you look at the last three years, January is typically the low point for cryptocurrencies. So this dip is not wholly unexpected," he added." |
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Post by Alan-P on Jan 16, 2018 12:56:29 GMT
No the talk that China and South Korea are gearing up to ban the trade of crypto-curreny. It's a money laundering wet dream, like I said weeks ago. Nothing to stop a cartel buying 100 of Bitcoin on the sly then selling it back the next day with a nice squeaky clean shine to it. Oh I see what you're talking about now: www.cnbc.com/2018/01/16/bitcoin-price-slips-to-its-lowest-level-in-six-weeks.html"South Korea Finance Minister Kim Dong-yeon said in a radio program interview that "the shutdown of virtual currency exchanges is still one of the options" the government has, according to an English-language report Tuesday from South Korea's Yonhap News. All he said was it was still one of the options, they haven't decided to shut down anything yet. And from the same article: ""But we don't expect to see a major sell-off. Bitcoin in particular has gone through this cycle before ... Moreover, it you look at the last three years, January is typically the low point for cryptocurrencies. So this dip is not wholly unexpected," he added." You can cherry pick all you want, sausage... "Chinese authorities are reportedly aiming to completely ban centralized trading of virtual currencies as well as individuals and businesses that provide related services.
According to an internal memo from a government meeting seen by Reuters, Beijing will continue to apply pressure to the virtual currency trade and prevent the growth of risks in that market.
National and local authorities should ban venues that provide centralized trading of digital currencies, including bitcoin as the biggest one, Vice Governor of the People’s Bank of China (PBOC) Pan Gongsheng said.
Regulators need to ban individuals or institutions that provide market-making activities, guarantees, or settlement services for centralized trading of the currencies, such as online “wallet” service providers, he said.China... That's a pretty big market. |
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Post by General Smithers on Jan 16, 2018 13:03:14 GMT
Someone from the people's bank of China said that? A bank spokesman said something negative about crypto? WELL I NEVER!! Notice how they mentioned centralized exchanges only. Cos they know they can not stop decentralized exchanges |
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Post by Alan-P on Jan 16, 2018 14:03:18 GMT
Someone from the people's bank of China said that? A bank spokesman said something negative about crypto? WELL I NEVER!! Notice how they mentioned centralized exchanges only. Cos they know they can not stop decentralized exchanges  |
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Post by FightFireWithStAnger on Jan 16, 2018 14:07:47 GMT
I think it has potential, but it's too volatile and from what I've gathered, that can be balanced out later on if more and more businesses and people get on board with it, then I can see it being alright, but to me it feels like it needs to be flushed out a bit. It's all over the place, so many types of wallets, exchanges, different places to put your private and public keys. I get it was an open-source thing and anyone with some knowledge of programming can make their own cryptocurrency, but I mean there has to be some centralization and security. I get it though. Experimental. I'll stick to stocks though since you can cover your ass there and protect yourself.
Also, I read an article about some of the founders of these cryptocurrencies. They're fucking millionaires so the pyramid or ponzi scheme some people have called it doesn't surprise me. A bunch of 24-30 year old computer kids are rich as shit lol.
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Post by General Smithers on Jan 16, 2018 14:22:21 GMT
Someone from the people's bank of China said that? A bank spokesman said something negative about crypto? WELL I NEVER!! Notice how they mentioned centralized exchanges only. Cos they know they can not stop decentralized exchanges That's right bitch! |
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Post by General Smithers on Jan 16, 2018 14:28:55 GMT
I'll stick to stocks though since you can cover your ass there and protect yourself. Stocks are boring. Live a little and get some crypto. It's still more exciting seeing that your crypto portfolio has dropped 50% than checking your stocks and seeing they moved up 0.001%. If you invest using money that you don't need to live then you shouldn't really need to cover your ass anyway. That's the only sensible way to invest in anything. |
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Post by Guest on Jan 16, 2018 23:02:06 GMT
I heard crypto currency is in a free fall. On the bright side now is a great time to buy!
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Post by ford71V8 on Jan 16, 2018 23:11:40 GMT
I'm hopping in for a top up as soon as the last deposit clears
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Post by General Smithers on Jan 17, 2018 0:19:05 GMT
I would be buying more too but can't really afford to at the moment. Hopefully another half price clearence sale happens again some time when I have some money set aside for such event.
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Post by ford71V8 on Jan 17, 2018 0:53:14 GMT
I would be buying more too but can't really afford to at the moment. Hopefully another half price clearence sale happens again some time when I have some money set aside for such event. I'm having to rely on Bpay now which is 1-2 days wait. I'd been waiting for POLi but BTC seem to have moved away from that option. Ripple went back to a $1 early today. So in this small 4 week window we saw XRP go from under a $1 to $4.72 (the max I saw) and back again. January is one of the more volatile months it seems |
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Post by General Smithers on Jan 17, 2018 6:42:45 GMT
I would be buying more too but can't really afford to at the moment. Hopefully another half price clearence sale happens again some time when I have some money set aside for such event. I'm having to rely on Bpay now which is 1-2 days wait. I'd been waiting for POLi but BTC seem to have moved away from that option. Ripple went back to a $1 early today. So in this small 4 week window we saw XRP go from under a $1 to $4.72 (the max I saw) and back again. January is one of the more volatile months it seems Might be a bit late by then. Things are starting to climb back up again. Bitcoin dropped down to 15k this afternoon now it's at nearly 17k again. But according to Alan it was gonna drop all the way down to zero because of DA CHINESE! |
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Post by Alan-P on Jan 17, 2018 17:47:30 GMT
Bitcoin down to 10,000 today, i see...
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Post by Guest on Jan 17, 2018 17:55:06 GMT
Bitcoin down to 10,000 today, i see... Fuckity fuck fuck. That shit was like $22,000 3 days ago. Crypto is fo sho a volatile thing.... |
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Post by ford71V8 on Jan 17, 2018 23:52:17 GMT
Might be a bit late by then. Things are starting to climb back up again. Bitcoin dropped down to 15k this afternoon now it's at nearly 17k again. Yup, funds are now in and its rising - was hoping to get in where I did last time. Will sit and wait a bit now....that slow deposit system is costing people. |
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Post by General Smithers on Jan 18, 2018 0:30:28 GMT
Bitcoin down to 10,000 today, i see... The thing is, it's still up 60% from where it was just a few months ago even with this huge fall. Look at this chart. If instead of racing up almost vertically to 20k it progressed more slowly and steadily to the current price of 10k, following that black line on the chart, everyone would be saying how good the chart looks and how it has continued to rise over time.  |
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Post by General Smithers on Jan 18, 2018 0:34:52 GMT
Might be a bit late by then. Things are starting to climb back up again. Bitcoin dropped down to 15k this afternoon now it's at nearly 17k again. Yup, funds are now in and its rising - was hoping to get in where I did last time. Will sit and wait a bit now....that slow deposit system is costing people. What are you buying? |
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Post by ford71V8 on Jan 18, 2018 0:55:06 GMT
Yup, funds are now in and its rising - was hoping to get in where I did last time. Will sit and wait a bit now....that slow deposit system is costing people. What are you buying? If it creeps back down I was going to top up on XRP and, if it falls closer to $200, some LTC |
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Post by General Smithers on Jan 18, 2018 15:05:18 GMT
Haha. news.bitcoin.com/south-korean-officials-caught-trading-on-insider-knowledge-of-crypto-regulations/"South Korean government officials have reportedly been caught insider trading. They sold all of their cryptocurrency holdings and profited just before the regulators announced crypto regulatory measures. The country’s Financial Supervisory Service is investigating the case." Wouldn't be surprised if they never actually implement a crypto ban and just keep announcing that they "may" ban it so the market tanks and they can profit from it. Sneaky bastards. China will probably be the same. The government doesn't want to miss out on their profits too. |
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Post by Alan-P on Jan 19, 2018 13:21:11 GMT
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Post by Guest on Jan 19, 2018 13:58:42 GMT
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Post by General Smithers on Jan 19, 2018 15:04:19 GMT
Bitconnect was a ponzi scheme from the very beginning and should have been shut down ages ago. |
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Post by Alan-P on Jan 19, 2018 15:13:21 GMT
Bitconnect was a ponzi scheme from the very beginning and should have been shut down ages ago.  |
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Post by General Smithers on Jan 19, 2018 15:18:32 GMT
Bitconnect has nothing to do with regular crypto though. In any industry there's gonna be people who try and make money out of other people and prey on ignorant people who don't know what they're doing. The people who bought bitcoins on the bitconnect site or bought the bitconnect coin should have done more research. Especially if they were stupid enough to put their life savings into it.
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Post by LeeClaire on Jan 26, 2018 4:16:03 GMT
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Post by General Smithers on Jan 26, 2018 13:16:55 GMT
It would take him about 1 second to transfer the bitcoin into fiat currency so technically he could buy them bitches drinks if he wanted.
SORRY TO KILL THE EFFECT OF YOUR LAME JOKE LEE AHAAAAAAAAAAHHH!!!
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Post by ford71V8 on Jan 26, 2018 23:37:17 GMT
Fuck that - those drinks look expensive
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Post by Awake on Jan 31, 2018 8:53:50 GMT
So anyone here got rich yet?
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