Corcaigh Posted November 29, 2017 Share Posted November 29, 2017 On 9/12/2017 at 8:42 PM, Springfield said: For posterity: Bitcoin on 6/7/17: $2694 Bitcoin on 9/12/17: $4148 Increase 53% So... you could have made poorer investments. Like in ethereum, what the thread was originally about. Ethereum on 6/7/17: $247 Etherum on 9/12/17: $297 Increase 20% On 11/28 ... BTC $10,189.89 ETH 480.21 Link to comment Share on other sites More sharing options...
Skinz4Life12 Posted November 29, 2017 Share Posted November 29, 2017 I'm hodling a little bitcoin. I've gained over $700 in 10 days...waiting for the correction.. Link to comment Share on other sites More sharing options...
Corcaigh Posted November 29, 2017 Share Posted November 29, 2017 3 minutes ago, Skinz4Life12 said: ...waiting for the correction.. Correction or ... Link to comment Share on other sites More sharing options...
Skinz4Life12 Posted November 29, 2017 Share Posted November 29, 2017 It's possible, but t I don't think bitcoin will become worthless overnight. I think crypto does have a future as a legit currency system Link to comment Share on other sites More sharing options...
Corcaigh Posted November 29, 2017 Share Posted November 29, 2017 I believe crypto has a huge future; just don't know if BTC is it. I do have a little BTC, ETH and LTC, so not too unhappy with recent trends. :-) Link to comment Share on other sites More sharing options...
Skinz4Life12 Posted November 29, 2017 Share Posted November 29, 2017 Man I really want to get into eth and ltc but they are at all time highs too. I wanna wait for things to shake out a little first Link to comment Share on other sites More sharing options...
Corcaigh Posted November 29, 2017 Share Posted November 29, 2017 My son and I briefly looked into mining bitcoin in 2010. There was the famous sale of two pizzas in May 2010 for 10,000 bitcoins. People thought the pizza seller was nuts. Link to comment Share on other sites More sharing options...
Skinz4Life12 Posted November 29, 2017 Share Posted November 29, 2017 Haha I read that story. Bitcoin is lighting the world on fire the past few hours Link to comment Share on other sites More sharing options...
techboy Posted November 29, 2017 Share Posted November 29, 2017 http://www.dailymail.co.uk/news/article-4543488/Man-throws-Bitcoin-hard-drive-worth-4-8billion.html It's over 15 million now. Ouch. Quote A man has shared his grief after he unknowingly threw out a portable hard drive seven years ago which is now worth $4.8 million. Campbell Simpson, editor of technology website Gizmodo Australia, says he missed out on incredible riches because he jettisoned a piece hardware containing 1400 Bitcoins, a form of internet currency. Seven years later, the digital market for Bitcoin skyrocketed and Mr Simpson's seemingly insignificant internet cash, which he bought for $25, is now worth millions of dollars. I Link to comment Share on other sites More sharing options...
tshile Posted November 29, 2017 Share Posted November 29, 2017 to the people holding some stake in these cryto currencies: what is your exit strategy? I ask because i have a bunch of friends boasting how much their stake is worth and how much they've made, but when I ask if they've sold any the answer is always: no; when I ask what the exit strategy the answer is always: I don't know. seems like a terrible investment strategy, but i suppose if it continues to go up and never corrects or crashes then you'll be OK whenever you decide to sell.... Link to comment Share on other sites More sharing options...
Springfield Posted November 29, 2017 Share Posted November 29, 2017 9 minutes ago, tshile said: to the people holding some stake in these cryto currencies: what is your exit strategy? I ask because i have a bunch of friends boasting how much their stake is worth and how much they've made, but when I ask if they've sold any the answer is always: no; when I ask what the exit strategy the answer is always: I don't know. seems like a terrible investment strategy, but i suppose if it continues to go up and never corrects or crashes then you'll be OK whenever you decide to sell.... Especially because, when it crashes (and that’s highly likely), I’ve heard that it takes days or weeks to get out of the marketplace and convert your btc into liquid money. By that point, you could be into the red. Link to comment Share on other sites More sharing options...
tshile Posted November 29, 2017 Share Posted November 29, 2017 Just now, Springfield said: Especially because, when it crashes (and that’s highly likely), I’ve heard that it takes days or weeks to get out of the marketplace and convert your btc into liquid money. By that point, you could be into the red. yup. the risk extends beyond whatever the current value is and whether it's a bubble. Link to comment Share on other sites More sharing options...
Corcaigh Posted November 29, 2017 Share Posted November 29, 2017 1 hour ago, tshile said: what is your exit strategy? It depends on where you hold your assets. There are ones who are FDIC insured. And there are multiple ways to exit and the price is when you sell, not when the funds are received, much like a stock settlement. I continue to diversify my modest crypto holdings to spread the risk. And I just cashed out a little to buy you a gift. You're welcome. Link to comment Share on other sites More sharing options...
tshile Posted November 29, 2017 Share Posted November 29, 2017 48 minutes ago, Corcaigh said: And I just cashed out a little to buy you a gift. You're welcome I don't hate bitcoin I was just asking a question Which you dodged Good job Link to comment Share on other sites More sharing options...
Springfield Posted November 29, 2017 Share Posted November 29, 2017 10 minutes ago, tshile said: I don't hate bitcoin I was just asking a question Which you dodged Good job He rich doe Link to comment Share on other sites More sharing options...
Corcaigh Posted November 29, 2017 Share Posted November 29, 2017 48 minutes ago, tshile said: Which you dodged Nope. I answered your questions. As for 'exit', you are thinking like a tactical trader which I have no interest in. It's very early days (think 'internet in 1992'-early) - incrementally build assets, and diversify based on my risk tolerance, and gains. There are mechanisms to sell, and achieve the price quoted when you sell. Link to comment Share on other sites More sharing options...
No Excuses Posted November 29, 2017 Author Share Posted November 29, 2017 I put only in 1K each in Ethereum and Bitcoin. I am thinking about cashing out my Bitcoin soon and leaving Ethereum aside. Link to comment Share on other sites More sharing options...
tshile Posted November 29, 2017 Share Posted November 29, 2017 29 minutes ago, Corcaigh said: Nope. I answered your questions. As for 'exit', you are thinking like a tactical trader which I have no interest in. Right, so you don't have an exit strategy. There was one question. And no, you didn't answer it. Link to comment Share on other sites More sharing options...
Corcaigh Posted November 29, 2017 Share Posted November 29, 2017 15 minutes ago, tshile said: Right, so you don't have an exit strategy. There was one question. And no, you didn't answer it. With minimal play money invested, an 'exit strategy' would be pointless ... at this time. Sure, there will come a point where I think it makes sense to harvest a significant portion. And many changing factors will impact this. Like I said, even only a few months in I'm already diversifying a little. But my crypto holdings are not close to being at a point where an exit would make an appreciable difference in my life. I'm more involved with modest holdings to keep aware of discussions and sentiment on blockchain technology and emerging players, as for I am for capital gain from crypto. Do you have an 'exit strategy' for a gift card that someone gave you? Link to comment Share on other sites More sharing options...
tshile Posted November 29, 2017 Share Posted November 29, 2017 If you want to stay invested that's fine. You're in it for the long haul. Cool. What you did was not answer my question, then mock me for asking it by accusing me of hating bitcoin. It was just a dumb post. You seem overly defensive about the question. I don't really understand why. I suppose it doesn't matter. And no, I dont have an exit strategy for gift cards people give me. I didn't realize gift cards received from others was an investment vehicle. Link to comment Share on other sites More sharing options...
tshile Posted November 29, 2017 Share Posted November 29, 2017 lost about 2k after lunch. back up just over 10k now. Link to comment Share on other sites More sharing options...
steve09ru Posted November 29, 2017 Share Posted November 29, 2017 Bought half litecoin around $100 earlier and it hit the dip down to $75 shortly after- Coinbase kept crashing but was able to get 1.5 in at $88. Holding long term so minimal in the end but still sucks. Everything dropped quickly Link to comment Share on other sites More sharing options...
Skinz4Life12 Posted November 30, 2017 Share Posted November 30, 2017 9 hours ago, No Excuses said: I put only in 1K each in Ethereum and Bitcoin. I am thinking about cashing out my Bitcoin soon and leaving Ethereum aside. How much bitcoin and ether did your 1k investments get you at the time? My exit strategy is HODL ....seriously though I decided to move my money out of the coinbase "vault" and into the wallet while leaving 2FA on. There is a 48 hour waiting period if the coin is the vault but you can sell immediately and lock in your sale price if its in the wallet. I don't plan on selling unless some catastrophic news comes out that would cripple bitcoin's value Link to comment Share on other sites More sharing options...
Sacks 'n' Stuff Posted November 30, 2017 Share Posted November 30, 2017 10 hours ago, tshile said: I don't hate bitcoin I do. That ****'s stupid. I mean, I have a little bit and I've made a nice return but it's totally a bubble and somebody is going to get ruined. The better alternative is Sacks'N'StuffCoin. That bad boy is already up to $10k. You can PayPal me. Link to comment Share on other sites More sharing options...
Springfield Posted November 30, 2017 Share Posted November 30, 2017 Someon explain how btc markets work quickly. Specifically do they work like traditional stock markets? In the sense that you can wake up one morning and the market opens significantly lower than it closed the night prior? See my concern is you see a 30-40% drop OVERNIGHT. Nothing you can do but wake up and see your $10,000 down at $6,000. Is that possible in the btc market? Link to comment Share on other sites More sharing options...
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