[quote]
Bitcoin hit a new record high Thursday with rising investor interest causing a rally for the price of the cryptocurrency.
Bitcoin climbed 11 percent to an all-time high of $5,386.23, according to data from industry website Coindesk. This surpassed the previous high of $5,013.91 hit on September 2.
With Thursday's gains, bitcoin is now up around 454 percent year-to-date.
[/quote]
Didn't see any other posts about this, sorry if someone beat me to it.
[url]https://www.cnbc.com/2017/10/12/bitcoin-price-record-high-above-5000.html[/url]
[B]Update on new high:[/B]
[url]https://www.cnbc.com/2017/12/06/bitcoin-tops-13000-surging-1000-in-less-than-24-hours.html[/url]
The higher it gets the more depressed I am losing my Bitcoin wallet with around a dozen from years ago. Still have the ATI card that mined it all too for a subtle reminder
Lets see if it can get to the 10K-15K that some veteran investors predicted by the end of the year. Its still not too late to get into bitcoin, ive seen ~$130usd grow to ~$175 in about 2 months. Knowing the market though, reaching an ATH is usually followed by a big dip before it recovers again
[QUOTE=Da Big Man;52773863]The higher it gets the more depressed I am losing my Bitcoin wallet with around a dozen from years ago. Still have the ATI card that mined it all too for a subtle reminder[/QUOTE]
I thought prices on marketplaces adjust to the bitcoin price?
Bitcoin up 50% up from last month isn't the craziest thing. Some altcoins have 100x'd this past few months and that's where all the money is.
[QUOTE=Llamalord;52773978]Bitcoin up 50% up from last month isn't the craziest thing. Some altcoins have 100x'd this past few months and that's where all the money is.[/QUOTE]
Bought 57 shares at $6 a share of an altcoin. Saw it's meteoric rise to the high $50s. Held, cause I figured I was being smart and the price would just continue going up.
Whales got involved and manipulated shit to hell, the price plummeted within 6 hours to $4 a share and I panic sold everything at $5 cause some asshole told me that the whales were gonna break through a wall and cause everything to crash. Feels bad, cause the price has been stable at $30 these past few months.
I cant believe ive turned 20 dollars worth of DOGE in 2015 into whats now 538 bucks just by sitting on my ass, feels great
[editline]12th October 2017[/editline]
[QUOTE=Llamalord;52773978]Bitcoin up 50% up from last month isn't the craziest thing. Some altcoins have 100x'd this past few months and that's where all the money is.[/QUOTE]
ive got about a million siacon im expecting to explode in the next year. Even if the price doubles ill be happy. Thinking about dumping into ChainLINK too while its low
[QUOTE=AJ10017;52773876]Lets see if it can get to the 10K-15K that some veteran investors predicted by the end of the year. Its still not too late to get into bitcoin, ive seen ~$130usd grow to ~$175 in about 2 months. Knowing the market though, reaching an ATH is usually followed by a big dip before it recovers again[/QUOTE]
That's the nice thing about bitcoins IMO, it doesn't matter when you get into it, you'll eventually win - sooner or later - still for doing nothing.
Gave it a small shot 5 months ago, now I could treat myself to a nice dinner thanks to the Internet.
[QUOTE=loopoo;52774012]Bought 57 shares at $6 a share of an altcoin. Saw it's meteoric rise to the high $50s. Held, cause I figured I was being smart and the price would just continue going up.
Whales got involved and manipulated shit to hell, the price plummeted within 6 hours to $4 a share and I panic sold everything at $5 cause some asshole told me that the whales were gonna break through a wall and cause everything to crash. Feels bad, cause the price has been stable at $30 these past few months.[/QUOTE]
NEO?
[editline]12th October 2017[/editline]
Also, great to note that BTC just crashed all the way down to about 3k recently. It was due to some fear of china banning BTC.
[QUOTE=AJ10017;52773876]Lets see if it can get to the 10K-15K that some veteran investors predicted by the end of the year. Its still not too late to get into bitcoin, ive seen ~$130usd grow to ~$175 in about 2 months. Knowing the market though, reaching an ATH is usually followed by a big dip before it recovers again[/QUOTE]
its not too late to get into bitcoin but it's too late to get really fucking stinky rich on it. that makes 10.6 million dollars I missed out on now.
i don't feel like it's worth getting depressed over not getting into bitcoin sooner. i dont think anyone expected this silly cryptocurrency stuff to actually go anywhere, especially to the degree it has now. if youre interested in getting into it now just make an educated buy into whatever has the potential to blow up, i guess.
this stuff seems really volatile to me and could either double its price or implode in on itself with each passing day but good on those who have gotten something out of it.
[QUOTE=wallyroberto_2;52774077]NEO?
[editline]12th October 2017[/editline]
Also, great to note that BTC just crashed all the way down to about 3k recently. It was due to some fear of china banning BTC.[/QUOTE]
yeah man. I made the mistake of joining a NEO Reddit Discord and basically religiously checking the stock prices. Because of the absolute panic that took hold of the Discord server, I ended up buying into everyone's panic and sold with them. We royally fucked ourselves.
Biggest takeaway I've learnt from this is to not check stock charts religiously if I ever invest: 1) it's the most stressful thing ever (every dip and rise messes you up emotionally) 2) being present when things are looking bad makes it harder to not panic sell
I'd be sorta interested in trying some of these cryptocurrencies but it's not really feasible when all I have is ~50e to spare for non-essential things per month. 50e is too much to throw away in case I just lose it all, and buying in with any less seems mostly pointless.
[QUOTE=Bordellimies;52774184]I'd be sorta interested in trying some of these cryptocurrencies but it's not really feasible when all I have is ~50e to spare for non-essential things per month. 50e is too much to throw away in case I just lose it all, and buying in with any less seems mostly pointless.[/QUOTE]
The total market cap of all cryptocurrency is less than that of a large company (i.e. Facebook). If you believe in the technology and its ability to be a decentralized store of value, then it is worth putting even 20e per month into it. It has a large growth potential.
The biggest strength of bitcoin and crypto is not sending money without fees or its ease of use to pay for things. It is the fact that it cannot be regulated, it can cross borders easily, and that there is limited supply. Decentralization from bank systems is a huge and revolutionary concept.
I haven't totally drank the koolaid on BTC but I do believe in the technology quite a bit.
I think there is a lot of potential for cryptocurrencies but with Bitcoin seemingly being the only big one, it seems risky to invest in other ones until Bitcoin would develop problems - which it currently isn't seeming to do, because it just hit a record high. If it keeps climbing, why invest in other ones that might not become successful at all?
Also I don't have the slightest clue of how to actually buy into Bitcoin in a safe and easy manner, without requiring middlemen.
[QUOTE=Bordellimies;52774227]I think there is a lot of potential for cryptocurrencies but with Bitcoin seemingly being the only big one, it seems risky to invest in other ones until Bitcoin would develop problems - which it currently isn't seeming to do, because it just hit a record high. If it keeps climbing, why invest in other ones that might not become successful at all?
Also I don't have the slightest clue of how to actually buy into Bitcoin in a safe and easy manner, without requiring middlemen.[/QUOTE]
Because even though BTC grows reliably, there are many altcoins with very high unreliable growth. Its all speculative so there's times when a coin has gone up 70x in value
ngl I feel like a lot of these cryptocurrencies are just funded by people who don't understand the technology behind it and are hoping to "get rich quick" by investing and then hoping it balloons in value.
i'd wager only a very small percentage of people investing in crypto are well versed on the technology behind it. i'll admit i'm the former type of investor, i just put my cash into a crypto cause i'm hoping it increases in value so i can sell.
until BTC becomes more mainstream and i can use my wallet in day to day life at shops and things, i doubt it's gonna be used by the masses.
I bought in when it was $4100 and I've made a nice profit. I sold some of it today because I'm expecting it to dip again. Litecoin on the other hand, has been nothing but disappointing and stressful to watch so I'm cashing out as soon as it's over $60
[QUOTE=Dr.C;52774371]I bought in when it was $4100 and I've made a nice profit. I sold some of it today because I'm expecting it to dip again. Litecoin on the other hand, has been nothing but disappointing and stressful to watch so I'm cashing out as soon as it's over $60[/QUOTE]
A co-worker invested in Litecoin just before it had a massive crash in value. Only £100 in total, but for a good few weeks he had like £40 thanks to the lost value.
As nice as it would be to stick like £10 into random crypto currencies just to see if they can turn a profit, the instability of a lot of them makes identifying potentially good ones really hard I find.
Right now putting money into crypto is better than in a shitty 2% isa. Obviously don't put all your eggs in one, but blockchain tech is the future.
[QUOTE=loopoo;52774241]ngl I feel like a lot of these cryptocurrencies are just funded by people who don't understand the technology behind it and are hoping to "get rich quick" by investing and then hoping it balloons in value.
i'd wager only a very small percentage of people investing in crypto are well versed on the technology behind it. i'll admit i'm the former type of investor, i just put my cash into a crypto cause i'm hoping it increases in value so i can sell.
until BTC becomes more mainstream and i can use my wallet in day to day life at shops and things, i doubt it's gonna be used by the masses.[/QUOTE]
ngl youre talking outta your ass. Most people who are genuinely serious about thwir investments do a shit ton of research on the tech behind them, thats the only way to make smart investments. Its like stocks, either you do your homework and follow the trends or you lose a ton of cash.
[editline]12th October 2017[/editline]
If youre a 'to the moon' type investor just understand that for all the profit you might make, youre making the rest of us a hell of a lot more money through your ignorance.
Not that im upset at all, keep those prices fluctuating so i can pay my tuition upfront in a couple years
[QUOTE=hexpunK;52774404]A co-worker invested in Litecoin just before it had a massive crash in value. Only £100 in total, but for a good few weeks he had like £40 thanks to the lost value.
As nice as it would be to stick like £10 into random crypto currencies just to see if they can turn a profit, the instability of a lot of them makes identifying potentially good ones really hard I find.[/QUOTE]
LTC was supposed to be the silver to BTC's gold and it was like that for a while but I bought in when it was at a high and I lost more than a 3rd of what I put in. Currently it is going up but I don't want to deal with it anymore. if it gets up to the high I bought it at, I'll sell it all and put it back into BTC(assuming we have a repeat of the last time it went up to $5k and crashes back down again).
I feel like this right now is a bubble but it's being incredibly resilient since it's doing the best it's ever done in spite of the chinese government banning it because they can't control it.
Didn't know speculating on cryptocurrencies counted as investing these days.
[QUOTE=No Party Hats;52774471]ngl youre talking outta your ass. Most people who are genuinely serious about thwir investments do a shit ton of research on the tech behind them, thats the only way to make smart investments. Its like stocks, either you do your homework and follow the trends or you lose a ton of cash.
[editline]12th October 2017[/editline]
If youre a 'to the moon' type investor just understand that for all the profit you might make, youre making the rest of us a hell of a lot more money through your ignorance.
Not that im upset at all, keep those prices fluctuating so i can pay my tuition upfront in a couple years[/QUOTE]
most people? mate, for every one person that does their research, there's ten others who are just going with what the flavour of the month is.
also, you're talking like you're some big shot day trader. the best you can do is either hold onto your crypto (since you don't have the time nor resources to be actively monitoring the charts of whatever coin you're investing in) or sell when the price is high and pray it doesn't keep on rising.
crypto is volatile as fuck, even if you do as much research as humanly possible, you're still just a drop in the ocean and the smartest move you can do is hold. the minute you start trying to get into day trading is the minute you're gonna lose some nice juicy profits. only time day trading is a viable option is if you have a huge amount of capital to throw around to influence the market in your favour.
i hate reading about bitcoin because i missed the opportunity to get fucking loaded off of it
This hurts so much considering I lost about 63 BTC in 2011 from a hard drive I DBAN'd and threw away. I was so foolish and it haunts me daily.
[QUOTE=Headhumpy;52774537]Didn't know speculating on cryptocurrencies counted as investing these days.[/QUOTE]
All investing is speculation. But mostly the people who say "cryptocurrency is a scam" are just mad because they never invested and continually see it rise.
Of course its a bubble but I've made more money in a month then a year at my part time job so I'm happy selling my tulips before the pop.
[QUOTE=Nebukadnezzer;52774639]i hate reading about bitcoin because i missed the opportunity to get fucking loaded off of it[/QUOTE]
It's really not worth caring much about. Massive opportunities literally come and go all the time.. ETH was dirt cheap last december, went up like 10x. AMD stocks were so much cheaper awhile ago, now they're waaaay up, Tesla stocks are about 20x what they initially were, etc..
Hindsight is a bitch so w/e.
[QUOTE=loopoo;52774638]most people? mate, for every one person that does their research, there's ten others who are just going with what the flavour of the month is.
also, you're talking like you're some big shot day trader. the best you can do is either hold onto your crypto (since you don't have the time nor resources to be actively monitoring the charts of whatever coin you're investing in) or sell when the price is high and pray it doesn't keep on rising.
crypto is volatile as fuck, even if you do as much research as humanly possible, you're still just a drop in the ocean and the smartest move you can do is hold. the minute you start trying to get into day trading is the minute you're gonna lose some nice juicy profits. only time day trading is a viable option is if you have a huge amount of capital to throw around to influence the market in your favour.[/QUOTE]
'big shot day trader'
lmao day trading is the poorest plan you can have, its all about diversifying with altcoins that have high prospects and riding the waves.
[QUOTE=No Party Hats;52774773]'big shot day trader'
lmao day trading is the poorest plan you can have, its all about diversifying with altcoins that have high prospects and riding the waves.[/QUOTE]
Buying different varieties of manure isn't diversifying.
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