Bitcoin and other forms of digital currency

[Val-E]

1 hour ago, TabbyBoy said:

Is it time that we stopped using acronyms?

 

A Bitcoin fan wants to stop using acronyms?

For people just getting interested in cryptos,  the first 4 pages of this thread are as essential reading as the 41999 Crawler and Tumbler threads are for new Lego investors. Great stuff.

Edited January 16, 2018 by Val-E

[pharmjod]

I'm not a fan of LEGO acronyms either. It would be nice if code could be inserted that linked to the brickset database when you typed #+setnumber. But even if possible I understand why the Mack's wouldn't want to do that since brickset also competes for referrals. The acronym MiLF for the ucs falcon that is being used over there just irritates me.

Sent from my PH-1 using Brickpicker Forum mobile app

[Val-E]

2 hours ago, TabbyBoy said:

OK... so is it time for "Mr Excel" to create a new game? Shall we list the 10 top crypto by CoinMarketCap and 10 LEGO sets (the best performing recently retired sets) and see how we get on? I think LEGO will lose - sorry! ;-). I'll predict now that crypto will go up by at least 5x and LEGO 1.3x.

 

Sure, but it depends on what deadline we fix. Bitcoin is probably now at the same stage as Lego investing was when Town Hall retired. When the first investors decide to cash in their winnings, it will explode - we just don´t know how long that will be. When your hairdresser starts asking which crypto currency is the best to invest in is probably a good indicator it´s time to pull out.

[Guest TabbyBoy]

4 minutes ago, Val-E said:

A Bitcoin fan wants to stop using acronyms?

For people just getting interested in cryptos,  the first 4 pages of this thread are as essential reading as the 41999 Crawler and Tumbler threads are for new Lego investors. Great stuff.

But am I a BTC or XBT fan? ;-)

In fact, I'm neither... I sold out to Ethereum (ETH) just over a year ago and the rest is history. Bitcoin (BTC/XBT) is now too restrictive, too expensive, too slow and no longer volatile enough to skim profits. I'm now trying to find the new "Super-Kid-On-The-Block" and punt £5000 and let him ride for a year and see where he ends up.

You may think it's all bovine scatology on here, but it's worth reading every page. There's some useful tips and I actually had my good feelings of Ethereum enhanced by one of our members and went in bigger than I would've done normally.

3 minutes ago, pharmjod said:

I'm not a fan of LEGO acronyms either. It would be nice if code could be inserted that linked to the brickset database when you typed #+setnumber. But even if possible I understand why the Mack's wouldn't want to do that since brickset also competes for referrals. The acronym MiLF for the ucs falcon that is being used over there just irritates me.

Sent from my PH-1 using Brickpicker Forum mobile app
 

It irritates me too as MiLF should only apply to "right-handed" websites, not on here where there's youngsters ;-)

[Guest TabbyBoy]

3 minutes ago, Val-E said:

Sure, but it depends on what deadline we fix. Bitcoin is probably now at the same stage as Lego investing was when Town Hall retired. When the first investors decide to cash in their winnings, it will explode - we just don´t know how long that will be. When your hairdresser starts asking which crypto currency is the best to invest in is probably a good indicator it´s time to pull out.

Let's give it one quarter.... 01FEB to 01MAY (or 01MAR to 01JUN), is that enough time? Seriously, there's some XRP in it for you at the start with another "dividend" at the end ;-)

Crypto is going through a lot of correcttion and uncertainty right now which will make it an interesting "race".

Here's the current top 10 from CoinMarketCap:

 

[bigboy61]

27 minutes ago, TabbyBoy said:

Let's give it one quarter.... 01FEB to 01MAY (or 01MAR to 01JUN), is that enough time? Seriously, there's some XRP in it for you at the start with another "dividend" at the end ;-)

Crypto is going through a lot of correcttion and uncertainty right now which will make it an interesting "race".

Here's the current top 10 from CoinMarketCap:

 

Wow! XRP got the hammer! I bet a lot of people lost their shirt on that one.

[Guest TabbyBoy]

7 minutes ago, bigboy61 said:

Wow! XRP got the hammer! I bet a lot of people lost their shirt on that one.

I gained more XRP. Those that lose their shirt are investing beyond their means. Since crypto nearly always goes up eventually, it's best just to keep your shirt on and you won't lose it ;-)

If you fancy a little excitment, have an exchange window open and sell/buy as soon as you see the market movements. But, don't go all-in, just try with 25% or so at first until you get the feel of it.

[bigboy61]

14 minutes ago, TabbyBoy said:

I gained more XRP. Those that lose their shirt are investing beyond their means. Since crypto nearly always goes up eventually, it's best just to keep your shirt on and you won't lose it ;-)

If you fancy a little excitment, have an exchange window open and sell/buy as soon as you see the market movements. But, don't go all-in, just try with 25% or so at first until you get the feel of it.

Ahh. Good advice there!

 

I am really not that interested in day trading. I did it with XRP. If I spend the time needed to research coins, it starts to get addictive so I stopped visiting the online crypto forums and told myself that I won't buy any more cryptos. 

 

On another note, what do you use to keep track of your portfolio?

[Guest TabbyBoy]

11 minutes ago, bigboy61 said:

Ahh. Good advice there!

 

I am really not that interested in day trading. I did it with XRP. If I spend the time needed to research coins, it starts to get addictive so I stopped visiting the online crypto forums and told myself that I won't buy any more cryptos. 

 

On another note, what do you use to keep track of your portfolio?

I use an Excel spreadsheet with a macro that "scrapes" the data from of CoinGecko and updates in in real time. I just click "Refresh Data" and it populates in about 1min. Here's a screenshot:

 

 

Sorry, I can't share the macro as I use some scripts which took me months to perfect as it runs on a Mac using query files. It's easier on a PC ;-)

Edited January 16, 2018 by TabbyBoy

[bigboy61]

15 minutes ago, TabbyBoy said:

I use an Excel spreadsheet with a macro that "scrapes" the data from of CoinGecko and updates in in real time. I just click "Refresh Data" and it populates in about 1min. Here's a screenshot:

 

 

Sorry, I can't share the macro as I use some scripts which took me months to perfect as it runs on a Mac using query files. It's easier on a PC ;-)

Oh wow! Here is my portfolio: http://www.coinparator.com/orb9g4/ . The one that isn't doing so hot is WAVES. However, they are supposed to implement smart contracts later in Q1 so that should lift it. I was going to buy Stellar when it was at $.20 , but then it took off.

[Guest TabbyBoy]

11 minutes ago, bigboy61 said:

Oh wow! Here is my portfolio: http://www.coinparator.com/orb9g4/ . The one that isn't doing so hot is WAVES. However, they are supposed to implement smart contracts later in Q1 so that should lift it. I was going to buy Stellar when it was at $.20 , but then it took off.

Is that a secure link that only you have the private keys too? Otherwise don't post it, use a screenshot ;-)

Smart contracts is the way forward I think which is why I also have ICN and REP which use the Ethereum blockchain. I think BTC has had it's day and ETC has done very little so I cashed those in a few months ago. Ripple is good, expecially if it becomes the "go-to" payment protocol in the future, I'm always going to hold those as they cost me very little.

PLBT was a bit of a dodgy ICO with scam rumours all over it. I now wished that I cashed out last week with a small profit. However, I can't win them all.

 

[Val-E]

2 hours ago, TabbyBoy said:

Let's give it one quarter.... 01FEB to 01MAY (or 01MAR to 01JUN), is that enough time? Seriously, there's some XRP in it for you at the start with another "dividend" at the end ;

 

You are such an enabler!

I can tell you for free that there will be very little upward movement on Lego in that period but I have no idea where Bitcoin will go and neither does anyone.

The only thing I hope is that companies and banks don´t start gambling on it like they did with subprimes and we end up having to bail them out again.

[Guest TabbyBoy]

29 minutes ago, Val-E said:

You are such an enabler!

I can tell you for free that there will be very little upward movement on Lego in that period but I have no idea where Bitcoin will go and neither does anyone.

The only thing I hope is that companies and banks don´t start gambling on it like they did with subprimes and we end up having to bail them out again.

We can do a longer period, whatever you prefer. It would be nice to make a long term comparison between a tangible popular toy and intangible volatile assets.

Yes, nobody knows what the values will be at the end and I can't even begin to speculate.

Today could be the day that it all ends as the crypto market has faced it's biggest drop to date and is still falling. If South Korea make it illegal today, a huge amount of damage will be done and the World will lose a lot of millionaires - no bad thing really.

I'm checking again at midnight and will do a 75% bail-out of all crypto I have if it's still going down. It's a shame you can't offload shitty LEGO sets as quicky ;-)

Edited January 16, 2018 by TabbyBoy

[bigboy61]

2 hours ago, TabbyBoy said:

Is that a secure link that only you have the private keys too? Otherwise don't post it, use a screenshot ;-)

Smart contracts is the way forward I think which is why I also have ICN and REP which use the Ethereum blockchain. I think BTC has had it's day and ETC has done very little so I cashed those in a few months ago. Ripple is good, expecially if it becomes the "go-to" payment protocol in the future, I'm always going to hold those as they cost me very little.

PLBT was a bit of a dodgy ICO with scam rumours all over it. I now wished that I cashed out last week with a small profit. However, I can't win them all.

 

It's a public link. The coins aren't stored on there. It just keeps track of the prices. I think everyone needs to calm down. This is what fuels these dumps. People all get spooked and unload at the same time. The effect keeps happening and more people sell off their assets too. The time to worry is when a country bans cryptos or actually passes legislation restricting them. Until then, there is no reason to panic sell.

Edited January 16, 2018 by bigboy61

[cladner]

todays pull back is another nothing burger chance to buyin on a dip.  if you can't handle the anxiety with this small a dip, crypto is not for you.

 south korean president webpage has a petition - he said they'd do something if 200K signatures were received by jan 27 - hit 200K in a day .  done and done. look out for the rip higher when south korea prez comes out and does a 180 and says "ok - continue on happy dream people".  

[Val-E]

36 minutes ago, bigboy61 said:

It's a public link. The coins aren't stored on there. It just keeps track of the prices. I think everyone needs to calm down. This is what fuels these dumps. People all get spooked and unload at the same time. The effect keeps happening and more people sell off their assets too. The time to worry is when a country bans cryptos or actually passes legislation restricting them. Until then, there is no reason to panic sell.

If people behaved in  a rational way, you wouldn´t have seen these speculation based spikes either.

[Ed Mack]

36 minutes ago, bigboy61 said:

It's a public link. The coins aren't stored on there. It just keeps track of the prices. I think everyone needs to calm down. This is what fuels these dumps. People all get spooked and unload at the same time. The effect keeps happening and more people sell off their assets too. The time to worry is when a country bans cryptos or actually passes legislation restricting them. Until then, there is no reason to panic sell.

This sounds so familiar....Bans...Dump...Unload...Restrictions...Panic...Don't worry....LOL

[Val-E]

1 hour ago, TabbyBoy said:

We can do a longer period, whatever you prefer. It would be nice to make a long term comparison between a tangible popular toy and intangible volatile assets.

Yes, nobody knows what the values will be at the end and I can't even begin to speculate.

Today could be the day that it all ends as the crypto market has faced it's biggest drop to date and is still falling. If South Korea make it illegal today, a huge amount of damage will be done and the World will lose a lot of millionaires - no bad thing really.

I'm checking again at midnight and will do a 75% bail-out of all crypto I have if it's still going down. It's a shame you can't offload shitty LEGO sets as quicky ;-)

What about a 12 month comparison between Bitcoin and the 60 years of Lego freebie?

[Guest TabbyBoy]

Just now, Val-E said:

What about a 12 month comparison between Bitcoin and the 60 years of Lego freebie?

How about a token which has the same value as the 60yr promo at the time? If it's worth say, £50 we can pair it with Augur (XRP)

We could pair another choose another 9 sets (10 in total) with their current corresponding crypto value.

Eg:

75105 MF = 1 Litecoin (LTC)

75192 UCS MF = 650 Ripple (XRP)

21019 Eiffel Tower = 1 Ethereum Classic (ETC)

and so on.

Just get each player to pick either the set or the corresponding crypto. If you want to choose the 9 other sets (60th promo sounds good), I can then match them each up with a different crypto and see who's OK with it. Even 20 sets sounds good and we can choose some lesser known cryptos, even new ones.

Due to the volatility involved, we'll have no idea who'll win until the very end. The interesting thing here is that crypto can nosedive like today where LEGO won't.

[Val-E]

It´s always going to be tricky to compare as Lego only appreciates after retirement or if there is a speculative bubble due to short-term scarcity. Exo Suit fiasco happened when Bitcoin started to be worth serious coin in late 2013, didn´t it? That might make a good long term benchmark.

[Guest TabbyBoy]

22 minutes ago, Val-E said:

It´s always going to be tricky to compare as Lego only appreciates after retirement or if there is a speculative bubble due to short-term scarcity. Exo Suit fiasco happened when Bitcoin started to be worth serious coin in late 2013, didn´t it? That might make a good long term benchmark.

When you're ready, do you want to pick the 19 recently retired sets to go with the 60th promo? Perhaps we can then choose the top 20 coins on CoinMarketCap at the time and just pair them up? We can use decimals of a coin at the time to match the RRP of the retired set so that they both start level. I'm OK with EUR as I trade in EUR anyway.

[Val-E]

I´ll have a wee think and PM you.

[Guest TabbyBoy]

18 minutes ago, Val-E said:

I´ll have a wee think and PM you.

OK. I'm heading to the pub now and will back online later, no rush ;-)

[crayxlp]

6 hours ago, TabbyBoy said:

I use an Excel spreadsheet with a macro that "scrapes" the data from of CoinGecko and updates in in real time. I just click "Refresh Data" and it populates in about 1min. Here's a screenshot:

 

 

Sorry, I can't share the macro as I use some scripts which took me months to perfect as it runs on a Mac using query files. It's easier on a PC ;-)

you put 24.000 quids into crypto???!! Whoa.. you are really brave.. 

[Guest TabbyBoy]

24 minutes ago, crayxlp said:

you put 24.000 quids into crypto???!! Whoa.. you are really brave.. 

Not exactly, it's more luck and research than balls and skill. It all started with just £2K.

It's all reinvested profit from me buying about £2K worth of Bitcoin back in 2013 and I cashed out most in 2016. I then bought £15K of Ethereum at the perfect time out of the profit along with other crypto along the way. I only sold my last 3 Bitcoins last May thinking that £2,000 was tops, I was wrong! Anyhow, I'm more than pleased even though another £13K has been wiped of those figure above. All will come good again soon.

BTW... I did buy 100x Etherem Classic this evening to add to my stash out of my sell-higher/buy-lower profits from the turbulence earlier. Once it all recovers, I'll be 100x ETC up with a few extra € set aside. Not a bad evenings work, but I'm done now as I've just come back from the pub and Babycham/Advocaat/Sherry/Crypto don't mix. 

G'nite y'all !!!