Author Topic: Bitcoin  (Read 14180 times)

Re: Bitcoin
Reply #285 on: November 29, 2017, 18:22:55 PM
I wonder if that was the top today. $11441 on bitfinex. Went as high as $11900 on cex.io

  • Offline matt5cott

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Re: Bitcoin
Reply #286 on: November 29, 2017, 19:07:47 PM
I write 'amusement' for chasethedevil.co.uk Follow me on twitter or I'll kill you @MilkmanHero

Re: Bitcoin
Reply #287 on: November 29, 2017, 20:15:36 PM
Yep, it was the top. Already back to the $9000s. good bounce so far.
Last Edit: November 29, 2017, 20:21:03 PM by Walrusbonzo #187;

Re: Bitcoin
Reply #288 on: December 06, 2017, 22:52:26 PM
It's gone nuts. Over $14,600 on some exchanges.  :o

Re: Bitcoin
Reply #289 on: December 07, 2017, 07:18:13 AM
It's gone nuts. Over $14,600 on some exchanges.  :o
hope you closed your short  :ptu:
Bitcoin! the currency for when WW3 starts

Re: Bitcoin
Reply #290 on: December 07, 2017, 10:52:22 AM
$1500 smashed!

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Re: Bitcoin
Reply #291 on: December 07, 2017, 11:04:41 AM
This is insane.

It remains to be seen if this is a massive adoption curve or a bubble, or both.

Lightning network testing last night another feather in the BTC cap.
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Re: Bitcoin
Reply #292 on: December 07, 2017, 13:33:41 PM
Isnt BTC tech just terrible compared to the proven alternatives?

I cant get my head around it, transaction fees are ridiculous, mining return is low, functionality is non existent. I cant see a real world use for it over ETH (or many others).

I'm happy as its good for crypto exposure in general (not that any other coin is tracking BTC price) but it feels like its speculative money rather than educated tech backing, which means if it goes crash it could fall hard.

Of course I'm also bitter that ive have the same opinion since it hit $1000 and didnt put any money in ...
Formerly sexytw

Re: Bitcoin
Reply #293 on: December 07, 2017, 19:05:40 PM
Crazy day. Went all the way to $19.6k on Coinbase! CC FOMO consumer front end. doh  :o

Re: Bitcoin
Reply #294 on: December 07, 2017, 19:06:29 PM
It's gone nuts. Over $14,600 on some exchanges.  :o
hope you closed your short  :ptu:
Bitcoin! the currency for when WW3 starts

I did, all gravy :)

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Re: Bitcoin
Reply #295 on: December 10, 2017, 08:34:26 AM
So here's a couple of questions...it's bitcoin in the media as much as it is in NZ? Seems there's at least one new article each day.

Next question is, where's the best place to start. I kind of feel now that yes I missed the train, but that there'd be no harm in giving it a punt with maybe $100-200 and just seeing what happens, if such low amounts are possible.

I understand the basics that mining involved etc, but I figure my hardware won't do much, I also get that there's trading, but obviously don't know where to go in terms of sites you guys trust...

Re: Bitcoin
Reply #296 on: December 10, 2017, 09:29:28 AM
So here's a couple of questions...it's bitcoin in the media as much as it is in NZ? Seems there's at least one new article each day.

Next question is, where's the best place to start. I kind of feel now that yes I missed the train, but that there'd be no harm in giving it a punt with maybe $100-200 and just seeing what happens, if such low amounts are possible.

I understand the basics that mining involved etc, but I figure my hardware won't do much, I also get that there's trading, but obviously don't know where to go in terms of sites you guys trust...

What do you mean by "it's bitcoin in the media as much as it is in NZ?", did you mean "is bitcoin in the media as much as it is in NZ?", yes it is, everywhere.....

You didn't miss the boat, people said the same when it went to $250, then it crashed back to $60. They also said the same when it was $1200 before it crashed back to $200, look at it now.

Yes, it will crash again, I'm sure it will, you could even say the crash has already started.... At least I hope this is the start of the crash and not just a pullback. When it has bottomed out would be a good time to make a longer term investment. Might take some time to bottom out though, and maybe I'm wrong....

Assuming you are in NZ, then ideally you need to find an exchange you can transfer money onto so you can buy. Where are you?

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Re: Bitcoin
Reply #297 on: December 10, 2017, 10:27:10 AM
We're in NZ. Yeah I meant "is" rather than "it's"...I typed that on my phone and autocorrect struck...

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Re: Bitcoin
Reply #298 on: December 10, 2017, 13:10:59 PM

Ronnie says HODL
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Re: Bitcoin
Reply #299 on: December 11, 2017, 15:44:22 PM
One problem is there are lots of companies and people trying to get others to invest their savings in bitcoin as if it was a good option. Some of them are very shady indeed. Ran into one a few days ago advertising on facebook, using a fake BBC page. This would partly explain why it has gone up so fast.

The main problem at the moment is the limit of production. If they solve that or if the market really does collapse then a lot of people will lose.

If you want to get involved it's probably more sensible in building a swanky new processing computer and start making bitcoin yourself.

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