Bitcoin and other forms of digital currency

[Guest TabbyBoy]

26 minutes ago, superlegolover said:

$1500, bearish outlook

Too high, keep going.......

The end isn’t far off now - LOL. Just look around, it’s game over.

[lodibricks]

44 minutes ago, TabbyBoy said:

Too high, keep going.......

The end isn’t far off now - LOL. Just look around, it’s game over.

[crayxlp]

2 hours ago, Val-E said:

4200USD now. My tip is run don´t walk.

why.. ? Tabby said place an order for 1 USD / 1 GBP.. is that going to be anytime soon? 

[brickolodon]

Some ppl will be in black for that price...


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[Guest TabbyBoy]

It's on the rise a little bit this morning, but don't bank on it. I'm only going back in if it drops to silly money. If I can't make a quick huge killing, I'm not interested TBH. I've only got € now and nothing to day trade with ?

[Guest TabbyBoy]

8 hours ago, crayxlp said:

why.. ? Tabby said place an order for 1 USD / 1 GBP.. is that going to be anytime soon? 

I've always had rock-bottom buy orders set up. Unfortunately, I wasn't a member of GDAX at the time when they bottomed out ;-(

Just be careful with Kraken as you often can't log in during turbulent times and will miss the boat when a flash-crash happens. They have supposedly upgraded, but lot of problems remain. I can't see them being around for much longer.

[Simon74]

On ‎11‎/‎1‎/‎2018 at 3:28 PM, Legojona said:

Usually there is a nice rise in the middle of the year, but just like 2014 (after 2013 boom), this year it was just low. Just like in 2014, I think bitcoin will rise to halfway last peak (500/1000 back then and 10000/20000 now). Some big alts like ripple will probably also rise a bit. Everything will drop back by end of January though, so better to buy in then. 

here is 2013 and 2014 (highest December 4th 2013 at 1100 (vs USD):

then see the similarities in 2018 (compared with 2014 above):

then this point in time in November 2014:

then the lowest point at that time was mid January 2015:

finally a summary how it went in 2015:

if history will repeat then we would be watching a constant fall all the way to mid March, at which point you'd buy in only to sell at 50% gain

rinse and repeat: buy in before Summer holidays (for the Northern Hemisphere) and sell at 50% ish gain mid July (with an auto sell feature I guess)

come back from holidays and buy in at the low point and enjoy the year end growth

but... will history repeat?

 

[Guest TabbyBoy]

Graphs of something so misunderstood are meaningless. Remember there were only a handful of tokens back then. There were also much fewer ICOs, fewer hacks, no bans, no government crackdowns and a lot less FUD. It was also a novelty which has now worn off.

Things are so bad now that if another 75% is wiped off over the next few months, the panic that results could crash it for good.

Most crypto as we know it may disappear during 2019 and something entirely new with bank/government regulation may emerge. Some legacy tokens may remain, but Big Brother will be watching closely. If a distributed ledger can be created, it can also be destroyed.

2 hours ago, Val-E said:

Here´s my graph. It´s simpler to understand for non experts

 

Two interlocking rings, that's certainly some impressive sphinctal dexterity. Yes, it sums up crypto now and in the future. Time to delete this thread?

[crayxlp]

So.. anybody thinks that BTC couldnt break 3000 USD treshold? I believe somebody is trying to get it just under 3000 .. 

[asharerin]

1 minute ago, crayxlp said:

So.. anybody thinks that BTC couldnt break 3000 USD treshold? I believe somebody is trying to get it just under 3000 .. 

Wall street wants it sub $2k. I'll be right along side them buying at those levels and holding for 5 years or so.

 

[legopocalypse]

Is Best Buy still going to close all its stores by the end of the year like you said @asharerin

[Val-E]

1 hour ago, asharerin said:

Wall street wants it sub $2k. I'll be right along side them buying at those levels and holding for 5 years or so.

 

Best wear a rubbber glove.

[Guest TabbyBoy]

10 hours ago, crayxlp said:

So.. anybody thinks that BTC couldnt break 3000 USD treshold? I believe somebody is trying to get it just under 3000 .. 

It'll be sub $1000 within weeks, the banks want it gone. Sub $100 within months. Prices will never recover as who in their right mind will throw money away like this?

Another enormous drop today and it'll all be gone by Xmas at this rate!

[Val-E]

Someone should chart Seacow POST EOL and Bitcoin performance over the last year. It will look similar.

[crayxlp]

8 hours ago, TabbyBoy said:

It'll be sub $1000 within weeks, the banks want it gone. Sub $100 within months. Prices will never recover as who in their right mind will throw money away like this?

Another enormous drop today and it'll all be gone by Xmas at this rate!

so .. with BTC presumably gone .. do you think that the entire crypto market will cease to exist?

[Guest TabbyBoy]

27 minutes ago, crayxlp said:

so .. with BTC presumably gone .. do you think that the entire crypto market will cease to exist?

Yes, the way things are currently and as we know it. However blockchain technology will have its uses. I no longer own any crypto. I now have buy limits set at €0.10 for ETH and €1 for BTC, that's it! Seriously, nobody will want to buy in this tanking market and the ICO whales haven"t even cashed out yet! I believe we are nowhere near the bottom. It was all an experiment IMHO, one that the World wasn"t ready for.

Prices may well be good for people to buy back in, but they're scared of further massive drops.

If all my buy orders go through, I'll have 1,000 BTC and 10,000 ETH. If not, it's only playing money which I've already written off.

Edited November 25, 2018 by TabbyBoy

[znarf]

I was told today by a good friend who up until this summer worked at the local Kracken office here in Halifax, NS that the office was recently shut down due to someone filming porn movies after hours.

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[lodibricks]

55 minutes ago, znarf said:

I was told today by a good friend who up until this summer worked at the local Kracken office here in Halifax, NS that the office was recently shut down due to someone filming porn movies after hours.

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They release the kraken nightly. Interesting.

[Val-E]

9 minutes ago, lodibricks said:

They release the kraken nightly. Interesting.

One has to worry for cryptocurrencies when workers feel that the porn industry offers them better and more stable job prospects.

Edited December 7, 2018 by Val-E

[lodibricks]

Just now, Val-E said:

One has to worry for cryptocurrencies when workers feel that the porn industry offers them better and more stable job prospects.

They're getting screwed either way.

[Guest TabbyBoy]

Kraken is probably the worst of the big exchanges, it’s usually very slow and login often fails when there’s big movements and you have to act quickly. I closed my account there last week as I’ve had enough of those idiots! Since crypto is still nosediving, a lot of exchanges will close and take your tokens with them, only keep on an exchange what you can afford to lose. I’ll give it until end of JAN’19 and I’ll close all accounts as it’s now game over. I can see over 99% falling to zero during 2019, even BTC below €100 and ETH below €10 and then ETH will disappear taking all ERC20 tokens with it. As for XRP, it will NEVER replace SWIFT, the banks won’t allow it.

[Guest TabbyBoy]

@Val-E

LOL - In our XLSX, the crypto has tanked from €1700.00 to €235.73 and I think it'll half that by 01JAN. I've PM'd you the figures for crypto if you want to update the LEGO prices please.

[Simon74]

On 12/7/2018 at 8:40 PM, TabbyBoy said:

As for XRP, it will NEVER replace SWIFT, the banks won’t allow it.

right, replacing Swift seems a bold statement, cohexist... maybe

[Guest TabbyBoy]

8 hours ago, Simon74 said:

right, replacing Swift seems a bold statement, cohexist... maybe

I don't see why not as MasterCard/Visa coexist quite happily as do Amex/Diners. Things were skyrocketing this time last year and now the freefall just accelerates. I honestly can't see any of it being around in 2020 apart from the odd blockchain being used for confidential/secure transactions and documents. Governments, banks and FUD have tried to kill it off and succeeded. I only have my Binance exchange account left and I'm cashing that in just after Xmas. 

[Guest TabbyBoy]

Crypto has picked up a lot today, but I’m not expecting a repeat of last year. I’m currently leaving my € where they are.