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Author Topic: Bitcoin crazy bull  (Read 2542 times)

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kav

Bitcoin crazy bull
« on: November 08, 2017, 12:51:42 PM »
The bitcoin is on a crazy bull rally.
From $1000 in May to $7000 these days.
Some people are winning thousands, or actually getting rich. Is this still an investment thesis? Is is just a gambling type of speculative bet? Is BTC already too high and a bubble that will bust soon. Is there room to grow? For how long? To what target price?

Question, questions...
« Last Edit: November 08, 2017, 01:10:40 PM by kav »
 
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Scarface

Re: Bitcoin crazy bull
« Reply #1 on: November 08, 2017, 12:59:40 PM »
I would be scared to invest in that now.  Buy when no one else is buying.  And sell when everyone loves it
 
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kav

Re: Bitcoin crazy bull
« Reply #2 on: November 08, 2017, 01:17:08 PM »
Very reasonable what you say.
Just present the opposite view though: People were saying that BTC was already too high and expensive when it was in $3000. IF the bull thesis holds, money can be made even if one buys here.

[Disclaimer: I'm making no suggestion for buying. We are just discussing.]
« Last Edit: November 08, 2017, 02:35:48 PM by kav »
 
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MrPerfect.

Re: Bitcoin crazy bull
« Reply #3 on: November 08, 2017, 02:28:54 PM »
 It may very well hit 10k this month and 25k till end of year.
    It's technology to send money.  This money belongs to its user. .. let's think about credibility...
   Besides, how much worth similar businesses and what's their turnover per day. ?  Bitcoin is very small... yet. It has much to grow.
 
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Scarface

Re: Bitcoin crazy bull
« Reply #4 on: November 08, 2017, 02:57:45 PM »
The first offline purchase using bitcoin was a few years back.  Guy spent 10,000 bitcoin to buy 2 large pizzas.  That would be worth 75 million today! 
 
The following users thanked this post: kav, Reyth, vitorwally

kav

Re: Bitcoin crazy bull
« Reply #5 on: November 08, 2017, 04:45:57 PM »
Wow!!!!!!
 

Reyth

Re: Bitcoin crazy bull
« Reply #6 on: December 19, 2017, 07:09:32 AM »
Someone told me recently that Bitcoin xfers were running as high as $14!!  I don't know if this is correct but what exactly is the reason?
 

kav

Re: Bitcoin crazy bull
« Reply #7 on: December 19, 2017, 11:01:44 AM »
What you mean Reyth? What is Bitcoin xfers?

Btw, I guess Jake007 would be rich by now. He was invested in btc I think.
 

Reyth

Re: Bitcoin crazy bull
« Reply #8 on: December 19, 2017, 11:51:34 AM »
When Bitcoin is transfered from one location to another there are mining fees and someone told me a few days ago they were as high as $14.00 USD.

I was thinking the same thing about Jake. :)
 

Jake007

Re: Bitcoin crazy bull
« Reply #9 on: December 27, 2017, 03:46:29 AM »
Guys sorry Ive been missing in action :) Was just in Maui for a couple weeks soaking up the sun. Its gorgeous there!

Transfer fees are getting ridiculous now for bitcoin. I saw a chart earlier today and transferring from one wallet to another could easily cost $30. Thats not feasible if you are only transferring a couple of dollars. One of bitcoins benefits was extremely low transaction fees... if you transferred $5 or $5 million it would only cost a few pennies to do so. Not anymore. This is why people are investing and using alternatives such as bitcoin cash, bitcoin gold, ethereum, dash, litecoin etc that have much lower fees.

Wanted to drop in and tell you all about a new crypto coin called "RLT". You can learn more about it at "smartplay.tech". The coin itself has been around several months now and if you really love roulette it might be something you are interested in investing into. Smartplay is using the coin to make the worlds first blockchain based roulette game machine. If you want to see how it works head over to "smartroulette.io" if you are USA based you will need a VPN to access the demo.

EDIT: it goes without saying I am not invested in that coin and have no connection to it. Its just very interesting. I'll look into it more and might just put $1000 into it. Current price of RLT coin is around 10 cents. A small $1000 investment will give you 10,000 RLT coins. If price of RLT goes to $1 well you just 10x your money, not bad. If RLT hits the news or casinos begin making use of it look out... price could really move up. This is pretty much what Im doing now. Bitcoin has moved up pretty high now so Im moving into other alternative coins that show promise.
« Last Edit: December 27, 2017, 03:54:29 AM by Jake007 »
 
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Jake007

Re: Bitcoin crazy bull
« Reply #10 on: December 27, 2017, 04:16:41 AM »

There are so many new coins coming out and already on the market. You can check the top coins listed in order via market cap here... https://coinmarketcap.com/

My own site cryptoreporter.com which Ive had for several years now is just a simple news aggregator of crypto related news from the best sources.

There are also ICO (initial coin offerings) sites like ICObench.com which help you research new coins (and rates them too). If you have ever used UBER or LYFT services you'll know that they take up to 50% cut away from the drivers. Thats crazy! A new coin called Cryder will link drivers with passengers directly so drivers get 100% of the passenger payment. To me this is disruptive technology and something that could change the world as we know it. (meaning force UBER to change their model or eventually get rid of them). Other coins like IOTA (which Im invested in) will link the internet of things (internet devices) together. I originally bought in at 30 cents... IOTA is currently at $4.00. A real world example might be an internet connected refrigerator checking stock of your food and automatically ordering for you so youre always stocked up on the food you like. CarVertical.com is a coin I just read about today. The goal is to put the entire car history of a car onto blockchain technology so the info of the car can never be altered. If you want to buy a car you'll know all of the exact info about that car and know for certain its truthful and accurate.

So much going on... so little time :)
« Last Edit: December 27, 2017, 04:18:35 AM by Jake007 »
 
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Jesper

Re: Bitcoin crazy bull
« Reply #11 on: December 28, 2017, 06:06:57 AM »
Bought some 2014, it was stored in my old  broken laptop. I forgot it until I become aware it was not a few dollars anymore. I bought a harddisk cover and moved the old laptop harddisk to an other computer as external, to recover.
I sold mine with good profit, but of course if I had been waiting longer I would get much more.

 
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MrPerfect.

Re: Bitcoin crazy bull
« Reply #12 on: December 28, 2017, 11:57:35 AM »
 Funny thing about criptos is that who started it do not necessarily have many bitcoin. .. many of these who actually profited , bought and forgot about it for a while. Looking many criptos hystory,  it seems best way to go about it. Buy and hold for few years( forget it all together to not freak out with temporary price changes).
   Other thing that user can do is to invest on technologies only..  devercify profile.
   There is a math way to take profits and let the rest ride...
   For example.. invest 10k, when money doubled, sell 75% , take 25 as profit, reinvest the rest...
  Following this simple guidelines helped me create healthy criptocurencies portfolio while taking profits as well...
   If someone is sofisticated, can sell 1/4 every time that coin double price... this way " regular income" can be achieved. ..
 
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Jake007

Re: Bitcoin crazy bull
« Reply #13 on: December 28, 2017, 07:42:29 PM »
Excellent ideas MrPerfect!
 

kav

Re: Bitcoin crazy bull
« Reply #14 on: December 28, 2017, 09:32:05 PM »
This is a bear approach to BTC. I don't agree, but it's interesting.

 
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