>stocks going to hell
>once AGAIN wake up with sweet Bitcoin gains
>it hasn't even begun yet
they do not care about the price at all, they just want them bitcoin
Going in for the gamble, news out of China is bad which is driving the pump.
Buying in @ $461, hoping to dump at $483 to make 5% unless it's still booming and I'll let it ride. Stoploss at $438.
Invested $3400 USD.
Pray for me /biz/
Go buttcoin go!!!
Those targets are manual anyway, I don't have a currency trading platform.
>What exchange are you on?
iunno, I'm just buying through cointree.com.au it's supposedly got the best rates. They certainly taking their fucking time settling my order considering it was a cash deposit. Still no coins in my account...
BTC is not destined to fail. It might be unlikely to succeed, but it is not destined to fail.
BTC is still useful as a means for paying artists etc. and its starting to get picked up as a currency for simple trade.
If this picks up, bitcoin could stabilize and become legit.
It doesn't matter if the people getting into bitcoin are "stupid" so long as there are a lot of stupid people who have faith in it.
Imaginary value is already a thing.
Bitcoins generate an interesting value proposition as time goes on; that of its security having succeeded for a given amount of time.
In fact, you could argue that 'proof of time' is like the ultimate form of value store, you can't fake time, it's like the ultimate proof. So any other crypto that wants to come in would have to compete with Bitcoin's years of resilience, which isn't really possible because it will always be behind.
Bitcoin is actually quite mature now for a tech, that it has survived for a number of years is pretty impressive, doesn't mean it will go on forever but despite all the volatility, Bitcoin looks like it could be a better way of storing value of money than a lot of real world commodities, like PMs etc.
The one thing that concerns me is that if there's another bull run, the blocks will get full and that will fuck it over.
That whole situation needs to be dealt with and it's already taking far too fucking long to get over that impasse.
What the fuck is this shit? Are you responsible for this you little shits? I've just found out my wifes son has been stealing money from her purse to buy these "bitcoins". When I confronted him he called me a "nocoiner" told me to "cope" and then ran off. I looked at his internet browsing history and found this place.
I want you to know that I want you to take back all these bitcoins youi've sold to my wifes son and return his money I have written to chris poole asking him to backtrace all of your IP's
who would invest in a large scale cannabis harvesting plant in northeastern calafornia?
>all this cope
Even old people get it now (00:43)
It's time to stop coping coping, and start buying. Calling it a meme no longer works :(
Sorry but a bunch of bits to me yell fake value as much as dollars or any other paper currency.
I'm not saying bitcoins won't be a thing (again) in the future. I'm just saying it's not this obvious.
Im holding eth just in case, some people were speculating all those banks that use the meme *block chain* or *the block chain* were actually not really talking about Bitcoin, they were talking about Ethereum.
Banks only talk about *smart contracts*, ethereuem has the best smart contracts.
The best part is Goldman backed ethreeuawdawd awda dm
So I'm trying to buy shares of a stock that are like .008 cents a pop. Put order in for 250k shares, says I have to call to do it. Why's that? Those broker guys always make me feel like I'm making a huge mistake or something. Idk they are just super pretentious like. How to avoid?
Are you asking me personally where i store my Eth or are you asking me generally how to store it? It works pretty much like bitcoin, you can store the private key in any form you like, paper wallet, file on computer, brainwallet. Etc etc
I'd be interested in the general way to store it myself, I missed the blockchain craze when bitcoin came out but Ethereum's caught my interest. I'm completely ignorant of cryptography though, so talk of private keys and the like kind of goes over my head.
There any resources you'd recommend to get up to speed besides what's on ethereum/gitbooks?
Maybe this is just a U.S thing but for me to sell I login to cointree, who is holding my coins and I click "sell". It tells me the current market exchange rate and I press "OK" and they are sold instantly and money goes back into my bank account.
Is this not they way it works in the U.S?
That logic means nothing without considering the timeframe you intend to have your money invested.
If I don't care to return to cash for a year, yes that stoploss might be a bad idea. If I'm only in this for a month, it's an appropriate stoploss. In anycase, it's a manual one, I don't have to act upon it.
>Who regulates? Who is in charge?
The blockchain regulates itself. Nobody is in charge. There are no banks and no real regulations: it's decentralized.
Bitcoin is made for people scared of what regulating bodies do to currencies. It's considered a "haven" by people who have lost faith in stocks. It's actually just numbers. THe only value is what people ascribe to those numbers.
Frankly, does your country actually back your money? Can you walk up to your government/bank and go "I want the gold/silver backing this dollar" or will you be laughed at? Now you see why people see bitcoins as plausibly equal to cash.
That said it's volatile as fuck, especially if you have a LOT of them. Buy with caution.
It might. Then again my take profit has (I believe) a better chance to be hit. That's what volatility is. That's what managing risk & return is. You have no point.
If using a stoploss makes me a "noob" I can only assume you must be broke as a joke. But humour me, genius. What would you suggest, as self-professed expert, that I should be using as a stoploss and why?
>inb4 sound of crickets
> implying bitcoin can't fluctuate up and down all day every day
> Implying bitcoin can't drop suddenly at any time just as it can rise at any time
> Implying rise is more likely than fall
So much implying, so little knowledge.
Likewise, it would take seconds for a "minor flash pump" to hit my take-profit. (Well not really, we'd be talking at minimum several hours, but hey you're the expert) Again, you have no point. And although I've already told you 3 fucking times, I don't have a limit order and the stoploss won't be automatically executed, so if I want to hold I can. And based on news out of China, that doesn't seem like a bad idea.
And my loss "are bitcoin holders gains"? oh lawd. Do you even understand how market economics work? Me SELLING increases availability and implies reduced demand, thus making your coins LESS valuable you fucking dunce.
That guy needs to fucking eat a burger, have you seen how thin he is these days?
I guess creating the worlds first and only distributed turing complete global singleton takes it out of you.
Eth to the moon!
>he fell for the rootstock meme
You realize that sidechains are supposed to act as a bridging mechanism that allows smooth transition to the best blockchain technology over time, right? Protip: that best technology is Ethereum
Did you even read the sidechain paper bro?
I'm not going to say you're wrong about holding longterm, but it seems that shorting is possible albeit risky. There's been a pretty obvious correspondence between short term pumps and Chinese economy woes lately. Hence my current theory - disastrous news outta China, buy some bitcoin before or while it surges. Once the news calms down, sell off and put it back into equity or whatever seems more profitable.
It's more of an experiment than anything. I certainly don't have much of my pool in buttcoin, precisely because of its volatility and uncertain future. But I think that when the Chinese economy really hits the fan, buttcoin will explode (so long as no alternative crypto is competing with it yet). So it's worth holding something for sure.
I figure it's worth getting into for short term deals.
I'd never buy and hold though.
Speaking of gold and silver, been buying silver lately since it's tanking. Don't have the money for gold right now but I'll buy an ounce with some of my tax refund.
What's the consensus here on stacking silver/gold?