Bitcoin and other forms of digital currency

[Guest TabbyBoy]

43 minutes ago, Legojona said:

I'm much more optimistic than you guys. I predict it will rise till mid of the month and then stay between 8-12k till november. Then I expect a new peak value around 25k. Next to that, Ethereum will become the #1 coin by mid next year.

A tiny area of my cerebrum retains positive thoughts which is why I'll always keep some crypto for the unlikely massive payday.

The BTC/ETH "flippening" nearly happened his year, but I think BTC support was just too strong. Remember how limited BTC supply is compared to ETH.

If ETH ever does become #1, when BTC hits $25K, I'll cash it all in without question as that'll set me up for life. I'll still have XRP, XLM, IOTA, ICN, EOS, XMR & LTC to fall back on which still cost me €1K in the early days. I've discounted PLBT as that was a scam and no new exchange will be listing it. ICN could be the next to crash and burn?

[Legojona]

On 6/30/2018 at 2:07 PM, TabbyBoy said:

A tiny area of my cerebrum retains positive thoughts which is why I'll always keep some crypto for the unlikely massive payday.

The BTC/ETH "flippening" nearly happened his year, but I think BTC support was just too strong. Remember how limited BTC supply is compared to ETH.

If ETH ever does become #1, when BTC hits $25K, I'll cash it all in without question as that'll set me up for life. I'll still have XRP, XLM, IOTA, ICN, EOS, XMR & LTC to fall back on which still cost me €1K in the early days. I've discounted PLBT as that was a scam and no new exchange will be listing it. ICN could be the next to crash and burn?

I had several urges to cash it all in and always decided to at least keep half of my cryptos. It feels good to cash out for life and still have enough crypto to keep trading as a hobby. Only in that case you do not have to worry about it going down so rapidly anymore. Cashing enough for life and still keeping half your cryptos is usually only a month apart from just cashing all when it reaches a certain level.

[Guest TabbyBoy]

14 minutes ago, Legojona said:

I had several urges to cash it all in and always decided to at least keep half of my cryptos. It feels good to cash out for life and still have enough crypto to keep trading as a hobby. Only in that case you do not have to worry about it going down so rapidly anymore. Cashing enough for life and still keeping half your cryptos is usually only a month apart from just cashing all when it reaches a certain level.

I've set a limit to sell 10 ETH at €420, but it only reached €417.98 overnight (soooo close), but it should hit later today. I'll then buy back at €370 for an easy €450 profit after fees which I'll then use to buy XLM. There's been a 12.5% net increase in ETH value over the last 5 days, so it'll probably come down hard again by the weekend. If it doesn't, I'll just wait until the next big crash. I never chase the price as it'll drop again eventually. That's the beauty of day trading when values are tanking overall. You can't do this with LEGO ?

If another ATH is reached, I will bail the entire amount as an enormous fall is a near certainly as the whales will cash in - big time, resulting in a possible new post 2017 low.

I do have some for the very long term which I will never trade until the fat lady sings, or dies.

[Guest TabbyBoy]

My €420 ETH limit was just breached and I sold 10 ETH. I’ve now got a buy order at €370 to buy 10 ETH back and withdraw the profit. There is supposedly good news today, but something bad will happen again soon, it always does. At least it makes up for my heavy LEGO losses.

[Guest TabbyBoy]

On 7/17/2018 at 8:07 PM, TabbyBoy said:

My €420 ETH limit was just breached and I sold 10 ETH. I’ve now got a buy order at €370 to buy 10 ETH back and withdraw the profit. There is supposedly good news today, but something bad will happen again soon, it always does. At least it makes up for my heavy LEGO losses.

I bought back at €380 (got a little nervous) on 20JUL, but another nice result. Selling target no set at €430 which could be after today's downturn. Making 1 ETH per transaction with virtually no effort and little risk (when reading and understanding the market) when day trading is something that LEGO can never do. I just work on 5% swings and have done very well.

Hippelego... How are you getting on? Lost your shirt yet? Or... would that be blouse, romper suit or bib?

[Guest TabbyBoy]

LOL - new 2018 lows have been reached today by most major crypto. I know a lot of you didn't believe me at the time, but my prediction of 2018 ending a lot lower then 2017 looks like being true. I reckon ETH will end 2018 at €175, BTC at €3500 and XRP at €0.20 - many more will simply disappear.

I've halted day-trading for now as it's looking really dodgy now. I'm holding the cash and seriously considering to keep holding it... for good.

I'm not being negative, I'm being realistic. All fads come to an end when the sheeple get involved.

[Guest TabbyBoy]

As I said last week, crypto is really tanking now, The SEC has delayed its decision again which tell me that it’ll be a big NO when it does decide. Today could be the day to get out once and for all.

I’ll now change my prediction to say that ETH will tank to €175 this weekend and €50 by year end.

[conceptmachine]

I traded into tether today. 

I'm not big on btc or eth but a couple alt coins I like.  I'll wait for them to get to a position I like, then I'll jump back in.

I think the bitcoin ETF will actually be approved and a couple other alt coins will get a pass for not being a security.

at least the one that I'm bullish on.

we'll see... maybe by the end of September. 

[bigboy61]

I don't think it's done yet. It's got another big run left. Whether that is next year or 5 years from now, I still believe it's got another major bull run. As far as the small coins go, most of them have no purpose or do the same things other coins do. Most of them will go away, but some will survive.

Edited August 11, 2018 by bigboy61

[Guest TabbyBoy]

46 minutes ago, bigboy61 said:

I don't think it's done yet. It's got another big run left. Whether that is next year or 5 years from now, I still believe it's got another major bull run. As far as the small coins go, most of them have no purpose or do the same things other coins do. Most of them will go away, but some will survive.

The problem now compared to a year ago is that there are thousands more altcoins out there and most are either scams or have no purpose, let alone the millions of other chancers on the bandwagon. A bit like too many types of LEGO sets and too many resellers, we know what happened with that, don’t we? ?

There’s also fake news saying that some big banks and the likes of IBM and AMEX are adopting crypto, they are not! However they are working on blockchain technology, but only for their internal needs. Remember the news about Kodak and their new coin? That was fake too!

Crypto has taken a huge battering and attempts at bans and regulation just won’t go away, further suppressing prices. Another problem we have is that the bears are bigger and run faster than the bulls. It may be many months before the values of even a month ago are restored, if they are.

I hope there is another bull run as I do still hold a small amount. After that, I think it’ll be the crash to end all crashes and only the likes of BTC, ETH and XRP will survive, and probably not as tokens, but as a method of transaction or asset transfer. I pay my buddies in the US via XRP and it’s quick, dirt cheap and NO exchange rate fees. BTC and ETH have serious capacity and lag issues.

I reckon that 5 altcoins at the most are around 5 years from now, BTC and ETH won’t be among them.

I’ve now moved most of my crypto “winnings” to Lithium and various rare Earth metals. Demand for these could skyrocket if electric vehicles become the norm in 10-15 years from now.

[Phil B]

34 minutes ago, TabbyBoy said:

<snip>

I’ve now moved most of my crypto “winnings” to Lithium and various rare Earth metals. Demand for these could skyrocket if electric vehicles become the norm in 10-15 years from now.

Oh great, so now you are planning to ruin the success of Electric transportation as well? We know how your predictions end up

[Guest TabbyBoy]

5 minutes ago, Phil B said:

Oh great, so now you are planning to ruin the success of Electric transportation as well? We know how your predictions end up

Yes, the truth hurts, when it comes true ?

How can I be blamed for ruining crypto? As I said before, I did VERY well up until JAN18. I just pick the right time to get out, that’s all.

I’m not a jinx, I just take a chance and get in before the horde do. Another one to buy is silver ?

[Guest TabbyBoy]

LOL - ETH has take yet another huge 10% hit today. There's been talk of a lot of major security issues that may not be impossible to fix, so prepare yourselves for a possible to drop to 2016 prices or even less at any time. I can see it drop by over €1 a minute right now, something I've never seen before. Could the big panic sell off pending the end of ETH be happening? I only have 10 ETH left and I'd be pretty pissed if I still had 100 ETH. FUD is all around and it shows that it''ll all driven by speculation rather then purpose or value.

[Guest TabbyBoy]

On 8/13/2018 at 6:16 PM, TabbyBoy said:

LOL - ETH has take yet another huge 10% hit today. There's been talk of a lot of major security issues that may not be impossible to fix, so prepare yourselves for a possible to drop to 2016 prices or even less at any time. I can see it drop by over €1 a minute right now, something I've never seen before. Could the big panic sell off pending the end of ETH be happening? I only have 10 ETH left and I'd be pretty pissed if I still had 100 ETH. FUD is all around and it shows that it''ll all driven by speculation rather then purpose or value.

Could my prediction be correct? ETH is currently going through it’s biggest % drop since 2016. I’ve now sold absolutely everything! I’ll by back if it drops 50% by next week. Sub $100 ETH is approaching fast, sub $50 next month?

[lodibricks]

I was liking the direction things were headed the last few days, and someone must've hit a big Undo button overnight. ?

 

[crayxlp]

1 hour ago, TabbyBoy said:

Could my prediction be correct? ETH is currently going through it’s biggest % drop since 2016. I’ve now sold absolutely everything! I’ll by back if it drops 50% by next week. Sub $100 ETH is approaching fast, sub $50 next month?

so.. what are you actually saying? That you are getting rid of all crypto - ane NEVER MORE. ?

[conceptmachine]

I'm in it for the long haul.  I'll ride out the storms / market manipulation

[Val-E]

3 hours ago, conceptmachine said:

I'm in it for the long haul.  I'll ride out the storms / market manipulation

Hope your buy-in was low.

[Val-E]

6 hours ago, crayxlp said:

so.. what are you actually saying? That you are getting rid of all crypto - ane NEVER MORE. ?

I understand he is applying the same strategy as with Lego. Sell cheap and buy cheaper (min 50% off). Looking at the charts since Jan, anyone who bought BTC at more than 8k $ is in big trouble. Those who bought in at 5-7k can still get out (and are doing so) when they ride the recovery waves but the selling window is very short.

Those who bought in before this time last year are still doubling their money so can afford to keep their seat at the roulette table - for now.

What I have noticed is the safe buy-in date is getting pushed back more and more, which is not a good sign.

[crayxlp]

3 hours ago, Val-E said:

I understand he is applying the same strategy as with Lego. Sell cheap and buy cheaper (min 50% off). Looking at the charts since Jan, anyone who bought BTC at more than 8k $ is in big trouble. Those who bought in at 5-7k can still get out (and are doing so) when they ride the recovery waves but the selling window is very short.

Those who bought in before this time last year are still doubling their money so can afford to keep their seat at the roulette table - for now.

What I have noticed is the safe buy-in date is getting pushed back more and more, which is not a good sign.

seen the steep decline (actually a free fall) of BTC in the last 12 hrs?

[Val-E]

1 hour ago, crayxlp said:

seen the steep decline (actually a free fall) of BTC in the last 12 hrs?

Yes and that validates my point. It was probably all the people who bought in at 5k or so trying to get out and the day traders taking profits that brought it down again.

[Guest TabbyBoy]

12 hours ago, crayxlp said:

so.. what are you actually saying? That you are getting rid of all crypto - and NEVER MORE. ?

Never say never... I will buy back in at 50% less to double my holdings. My gut feeling that the biggest whale of all (Mt. Gox) have just dumped and will likely buy back later. What I have now is just "playing money" and I frankly don't care if it rises from now on. If I have to stay out, so be it. At least I bought near the beginning before the crazy "inflation" of 2017. I still believe that all crypto will end 2018 much lower than 2017. And... even lower again in 2019 until it all goes to.........

13 hours ago, lodibricks said:

I was liking the direction things were headed the last few days, and someone must've hit a big Undo button overnight. ?

Oops... that was me - sorry!

[Guest TabbyBoy]

1 hour ago, Val-E said:

Yes and that validates my point. It was probably all the people who bought in at 5k or so trying to get out and the day traders taking profits that brought it down again.

That's the problem of getting in too late, AFTER it all became common knowledge. It's foolish to get involved now. The "DEATH of ETH" is nearly upon us and I think that BTC and maybe XRP will be all that remains by 2020. There's no way that fiat can be replaced, not yet.

[crayxlp]

4 hours ago, Val-E said:

Yes and that validates my point. It was probably all the people who bought in at 5k or so trying to get out and the day traders taking profits that brought it down again.

Cointelegraph mentions the Goldman Sachs backed out of its planned crypto trading and in my view it correlates with that drop.

[Guest TabbyBoy]

1 hour ago, crayxlp said:

Cointelegraph mentions the Goldman Sachs backed out of its planned crypto trading and in my view it correlates with that drop.

To be honest, I don't see any proof that Golden Sacks got involved in the first place. There's also so much fake crypto news going around that few of us know what's BS and what isn't. IBM were supposed to be heavily involved with Stellar and that's also not to be trusted. My buddies at IBM have tried to find out for me and came up with.... nothing.

Personally...