Xela Posted December 8, 2017 Share Posted December 8, 2017 1 Link to comment Share on other sites More sharing options...
Genie Posted December 9, 2017 Share Posted December 9, 2017 Litecoin is up about 70% in a week. Link to comment Share on other sites More sharing options...
Dr_Pangloss Posted December 9, 2017 Share Posted December 9, 2017 Bitcoin is definitely undergoing a massive bubble so I guess it's about finding the right entry point and getting out before the price collapses. Link to comment Share on other sites More sharing options...
Chindie Posted December 9, 2017 VT Supporter Share Posted December 9, 2017 One of the key signs of a bubble is when you get the wider general masses starting to get involved. Exactly as crypto is now. When it pops, and how bad, who knows, but it'll happen. Doesn't mean investing is a waste of time of course but you would have to do so the same way you invest in roulette. At the moment the game is in your favour however, but that'll change. 2 Link to comment Share on other sites More sharing options...
PieFacE Posted December 9, 2017 Author VT Supporter Share Posted December 9, 2017 Crypto is pretty much like a lottery at this point but you just need to get 1 number right. Link to comment Share on other sites More sharing options...
LakotaDakota Posted December 9, 2017 Share Posted December 9, 2017 (edited) It seemed to start making the news on a regular basis in June or so when it first hit $3000, Now not everyone has $3000 to speculate with but i guess to put things into "real" terms that everyone can understand and show just how crazy the last few months have been : When the price hit $3000 in June if you had decided it was worth £100 of your money this would have given you about 4.5% of a bitcoin. 4.5% of a bitcoin today would cost you/be worth about £540 Now obviously you aer not going to be retiring in the bahamas with that but £100 to 500+ in less than 6 months is quite a thing and this is based on buying a small percentage of a coin at a price lots of people considered to be high a few months ago If it keeps on going the way some have predicted ($50,000, $100,000 or more) this would mean that your £100 was potentially worth £1700-3400 (based on the $50/100k conversions) Edited December 9, 2017 by LakotaDakota 1 Link to comment Share on other sites More sharing options...
tarjei Posted December 9, 2017 Share Posted December 9, 2017 (edited) I want to get into this, but I feel like now that everything is up, I should wait for it to go down a bit. Maybe tomorrow or monday will be a big day? I signed up to coinbase, but in the process of getting verified on Gdax as I'm told there is less transaction fees on it. Oh, and I tried ethereum mining. I made about 0.04 USD worth of it in 2 hours! Edited December 9, 2017 by tarjei Link to comment Share on other sites More sharing options...
Genie Posted December 9, 2017 Share Posted December 9, 2017 1 hour ago, tarjei said: I want to get into this, but I feel like now that everything is up, I should wait for it to go down a bit. Maybe tomorrow or monday will be a big day? Who is to say bitcoin is currently high? If in 6 months its at $50k then it’ll be seen to be low, like the people that got in at $1k or $5k. Its enormously risky but potentially enormously lucrative. Link to comment Share on other sites More sharing options...
Dr_Pangloss Posted December 9, 2017 Share Posted December 9, 2017 3 hours ago, Chindie said: One of the key signs of a bubble is when you get the wider general masses starting to get involved. Exactly as crypto is now. When it pops, and how bad, who knows, but it'll happen. Doesn't mean investing is a waste of time of course but you would have to do so the same way you invest in roulette. At the moment the game is in your favour however, but that'll change. Exactly this, so it's about riding the right part of the 'curve', however that's a big job for your average 'job blogs' investor, that's a lot of time, care and judgement. Link to comment Share on other sites More sharing options...
tarjei Posted December 9, 2017 Share Posted December 9, 2017 1 hour ago, Genie said: Who is to say bitcoin is currently high? If in 6 months its at $50k then it’ll be seen to be low, like the people that got in at $1k or $5k. Its enormously risky but potentially enormously lucrative. I guess that is up to everyone to decide for themselves. I'm just looking at the numbers with my very limited understanding. Since it's massive rise yesterday it's been going down at a steady rate. Many sitting on the fence until monday maybe? If BTC goes down, is it likely that there will be a rise with the other currencies? Link to comment Share on other sites More sharing options...
Dr_Pangloss Posted December 9, 2017 Share Posted December 9, 2017 (edited) 1 hour ago, Genie said: Who is to say bitcoin is currently high? If in 6 months its at $50k then it’ll be seen to be low, like the people that got in at $1k or $5k. Its enormously risky but potentially enormously lucrative. ...because it's such an unprecedented run up in an asset price, in fact the only run up I know of comparable to this is the tulip mania on the early 17th century. Of course, it can be enormously lucrative, but a lot of people are going to get very hurt when there is the inevitable correction. Here's a good chart to put things in perspective: Edited December 9, 2017 by Dr_Pangloss Link to comment Share on other sites More sharing options...
Xela Posted December 9, 2017 Share Posted December 9, 2017 The simple answer is don't invest more than you can afford to lose. Whether that is £100, £1,000 or £10,000, you need to go in with your eyes wide open and expect that you may lose it. 1 Link to comment Share on other sites More sharing options...
Genie Posted December 9, 2017 Share Posted December 9, 2017 44 minutes ago, Xela said: The simple answer is don't invest more than you can afford to lose. Whether that is £100, £1,000 or £10,000, you need to go in with your eyes wide open and expect that you may lose it. This. I went for 100 ARK for about £280 in the hope that as it’s pretty cheap it’s got plenty of scope to multiply. I bought £100 of bitcoin which has made a small profit and £100 of Litecoin that is about £60 up. I won’t be investing any more at this stage I don’t think. Just a hobby/interest. I won’t lose too much sleep if the lot crashes tomorrow. 2 Link to comment Share on other sites More sharing options...
penguin Posted December 9, 2017 Share Posted December 9, 2017 I bought around £150 worth in July. Forgot my wallet password Link to comment Share on other sites More sharing options...
PieFacE Posted December 9, 2017 Author VT Supporter Share Posted December 9, 2017 Nice bitcoin sell off right now. Could be a good time to get in. 1 Link to comment Share on other sites More sharing options...
Xela Posted December 9, 2017 Share Posted December 9, 2017 2 hours ago, penguin said: I bought around £150 worth in July. Forgot my wallet password That must be worth about £1k now! Link to comment Share on other sites More sharing options...
penguin Posted December 9, 2017 Share Posted December 9, 2017 25 minutes ago, Xela said: That must be worth about £1k now! Around that I'd imagine. Running a password cracker on the wallet now, I have a good idea of what I think the password is, fingers crossed.. Link to comment Share on other sites More sharing options...
PieFacE Posted December 9, 2017 Author VT Supporter Share Posted December 9, 2017 Just sold my waves for a few thousand WTC to setup a guardian masternode with a few friends. Hoping that move will work out nicely. Link to comment Share on other sites More sharing options...
Stevo985 Posted December 10, 2017 VT Supporter Share Posted December 10, 2017 11 hours ago, PieFacE said: Just sold my waves for a few thousand WTC to setup a guardian masternode with a few friends. Hoping that move will work out nicely. Is this in French? Link to comment Share on other sites More sharing options...
Stevo985 Posted December 10, 2017 VT Supporter Share Posted December 10, 2017 I can't get verified on Bittrex. bit annoying. Link to comment Share on other sites More sharing options...
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