# Bitcoin #

udo's picture
udo started the topic in Wednesday, 15 Nov 2017 at 3:49pm

The Bitcoin graph looks Interesting ! ?

peterb's picture
peterb's picture
peterb commented Monday, 7 May 2018 at 4:06pm

KK, is your price optimism based on the inexperience, in surfing terms, of Kooks entering the market?

King Kenny's picture
King Kenny's picture
King Kenny commented Monday, 7 May 2018 at 4:35pm

Nah. More like the big boys, ie financial institutions, coming to play. It's only just started

peterb's picture
peterb's picture
peterb commented Monday, 7 May 2018 at 4:39pm

Fair enough. What are they playing, the price or the other players?

King Kenny's picture
King Kenny's picture
King Kenny commented Monday, 7 May 2018 at 4:39pm

Check out the coins I listed. All have realworld use, massive backers and serious potential.

peterb's picture
peterb's picture
peterb commented Monday, 7 May 2018 at 4:39pm

Fair enough. What are they playing, the price or the other players?

King Kenny's picture
King Kenny's picture
King Kenny commented Tuesday, 8 May 2018 at 5:38am

Like all financial markets, both

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming commented Tuesday, 8 May 2018 at 7:40am

Good to see another surfer into crypto King Kenny, Welcome to the forum.

Ada gula, ada semut!

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming commented Tuesday, 8 May 2018 at 8:05am

Okay heres one for all the crypto haters

Netherlands-based bitcoin miner, The Bitfury Group, wants to plug into the Redbank coal-fired power station, around 90 kilometres north-west of Newcastle, NSW.

http://micky.com.au/bitcoin-mining-giant-eyes-coal-fired-power-in-hunter...

I mean seriously, I'm not a Greens voter but it's 2018, i really think POW and energy wastage in particular Bitcoin is a huge negative for the general public perception of crypto.

I can't see how POW has a future in this world.

POS crypto with very very low energy use, is the complete opposite though and can actually save energy on present systems.

Personally i only invest in POS cryptos.

Ada gula, ada semut!

donweather's picture
donweather's picture
donweather commented Wednesday, 9 May 2018 at 1:43pm

KK, well done with your investments to date.

I assume you're aware that it's the value of the individual coin that matters, rather it's the total marketcap of the token. So you can have a coin that's valued over $1 that can rise to $10,000 provided the marketcap is low enough at the $1 value. Conversely you can have a coin that's valued at mere $0.01 that will struggle to get above $0.10 due to it's total marketcap.

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming commented Wednesday, 9 May 2018 at 4:31pm

Heres another interesting article.

Facebook forming a new blockchain group, headed by Coinbase board member

https://www.cnbc.com/2018/05/08/facebook-forms-a-new-blockchain-group-he...

Ada gula, ada semut!

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming commented Monday, 14 May 2018 at 6:29pm

Okay this is pretty crazy!

CBA CFO quits for cryptocurrency role

CBA chief financial officer Rob Jesudason has resigned with immediate effect in order to return to Hong Kong and join the firm behind the EOS cryptocurrency.

http://www.news.com.au/finance/business/breaking-news/cba-cfo-resigns-af...

Apparently he was the highest paid CFO in Australia.

But to be fair chances of him getting a job in the banking sector after what’s been coming out in the royal commission is probably zero..still pretty crazy though.

Ada gula, ada semut!

GreenCT's picture
GreenCT's picture
GreenCT commented Tuesday, 15 May 2018 at 1:11pm

Okay I need a bit of a lesson on this

You have Bitcoin which my understanding is that is acts like a storage of wealth as an alternative t9o say gold.

Useless as a form of payment because of the lack of stability in price. If I have saved up 20k to go on a surf trip if I put it into Bitcoin I could get lucky and it turns into the never ending holiday but it could go the other way and my year away turns into a few weeks as Bitcoin drops.

So ok it and some others that directly compete can be an alternative to gold if enough people see value.

But you then go to tokens or alternatives

If I started a business before I would lodge a document with the authorities and issue shares in my company.

Investors put money up and get shares

Now it seems that as an investor I give the business owners money so they get the cash and get to keep their business and I get tokens that do what ?

It seems you are hoping that someone else will think they are worth more in the future.

Investors do not get a share of the business so no right to future dividends or capital gains from building assets

What do you get ?

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming commented Tuesday, 15 May 2018 at 6:40pm

It's all pure price speculation, yes value pushed up by others who are also speculating on the price.

You could be investing in Ripple/XRP token believing it will be used by banks to transfer funds, or IOTA believing the tech will be used by companies like Microsoft, Voxswagen, Futijsu who are all trialing the tech.

Or you could be some crazy who thinks some coins is going to be used in the future and replace fiat. (not something i believe in)

Yes it's all crazy and highly speculative but there is also lots of money to be made obviously high risk high reward.

So I guess what you get is a chance to make money and make percentage returns rarely seen in other investments..

BTW. you can get cryptos that do produce a passive income like dividends https://captainaltcoin.com/cryptocurrency-dividends/

Ada gula, ada semut!

CryptoKnight's picture
CryptoKnight's picture
CryptoKnight commented Tuesday, 15 May 2018 at 8:50pm

'So I guess what you get is a chance to make money and make percentage returns rarely seen in other investments..'

There are many much better leveraged instruments in the stock and forex markets to make considerably higher percentage returns, where you can also protect/preserve your capital with much more safety.

shoredump's picture
shoredump's picture
shoredump commented Wednesday, 16 May 2018 at 6:37am

Considerably higher return than one million percent in a handful of years, with protected capital? Awesome, I’m in, where??

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming commented Wednesday, 16 May 2018 at 6:45am

Mmm i don't know much about stocks or forex markets, but i know lots of guys that are into crypto (do youtube videos etc) come from those areas and they always say in youtube videos etc the possible returns are much bigger and trading opportunities greater in crypto because of greater volatility, many still invest in the stock and forex markets though because they diversify and don't want to put all their eggs in one basket.

Ada gula, ada semut!

CryptoKnight's picture
CryptoKnight's picture
CryptoKnight commented Wednesday, 16 May 2018 at 8:43am

'Mmm i don't know much about stocks or forex markets'

That's actually pretty obvious. They are markets based on profiting from buying and selling , or put simply, profiting on price movement. Like the cryptocurrency markets. There are differences in trading currencies and shares, and other instruments, but the principles apply to all.

'i know lots of guys that are into crypto (do youtube videos etc) come from those areas and they always say in youtube videos etc the possible returns are much bigger and trading opportunities greater in crypto because of greater volatility, many still invest in the stock and forex markets though because they diversify and don't want to put all their eggs in one basket.'

So, despite a gazillion instruments to trade in world wide stocks and currency, etc markets, these people that you know a lot of, and a lot about, successful experts in those markets, want more 'volatility'. And more 'eggs', for their baskets? So they have decided to apply their expertise, success and prowess to high 'volatility' trading? To make even more money than they have already, expertly made?

Mmmmm... really?

So clever those market makers. 'Only trade if you have money to throw in the bin (or our pockets)'. And they know that there are so, so, so, so, so, so (ad infinitum) many willing to do that, without a clue how or why.

By all means... please... carry on 'trading' (sic)!!!

shoredump's picture
shoredump's picture
shoredump commented Wednesday, 16 May 2018 at 10:29am

If you remove fear, you’ll find that higher volatility is just a compression of the timeline of what is happening. What you can do in 50 years on the regular stock market, you can do in 5 with crypto

udo's picture
udo's picture
udo commented Saturday, 2 Jun 2018 at 8:13am

Hospital in Scotland has opened Rehab Clinic for Cryptocurrency trading Addicts..

thermalben's picture
thermalben's picture
thermalben commented Monday, 18 Jun 2018 at 11:38am

"The combined market capitalisation of the top 50 largest cryptocurrencies has dropped over $387 billion this year, a decline of over 53 per cent. Today, 90 per cent of these top coins are worth less than they were at the start of the year."

A pretty sobering chart (for would-be crypto enthusiasts) on the ABC story linked.

http://www.abc.net.au/news/2018-06-18/the-biggest-cryptocurrencies-are-h...

daisy duke kahanamoku's picture
daisy duke kahanamoku's picture
daisy duke kaha... commented Monday, 18 Jun 2018 at 12:01pm

Who got rich and who got scammed?

donweather's picture
donweather's picture
donweather commented Monday, 18 Jun 2018 at 1:38pm

I see it as a great opportunity to purchase a bargain ATM Ben. I'm not seeing the top 20 or so crypto's dieing anytime soon. BTC is certainly becoming accepted more and more as a currency around the world now.

And this fall from the stupid peak in Jan 2018 had to happen. It wasn't sustainable what happened late last year, early this year. But look at the historic rise and fall of BTC since it's inception. Similar (% wise) rises and falls have occurred in the past.

There's potentially big money coming into cryptos in the coming short term time frame. Marketcap can only go one way when that enters.

shoredump's picture
shoredump's picture
shoredump commented Monday, 18 Jun 2018 at 2:02pm

That’s right DW. ID post a good link ages ago showing the life of the BTC graph in its entirety. Ben put it this way, imagine I graphed the surf report scores through all of winter and Spring, and claimed from that information the surf is going downhill and will be flat forever soon. If you look at the BTC graph in its entirety and not just pull a small sample to suit the naysaying argument, then you’ll see it’s gone up and down quite wildly from the beginning. If it stays on trend, and that’s what we have bet on, then it will go wildly up again. I’m not saying it will, I’m just saying that is the trend

thermalben's picture
thermalben's picture
thermalben commented Monday, 18 Jun 2018 at 2:08pm

I'm more interested (as someone watching from the sidelines) in what happened to the people I saw jump aboard crypto late last year with zero experience in currency, trading, technlology or even basic business - expecting it to be a no-brainer way to make a stack of cash.

udo's picture
udo's picture
udo commented Monday, 18 Jun 2018 at 2:29pm

ABC just added another crypto story.

heals's picture
heals's picture
heals commented Monday, 18 Jun 2018 at 2:44pm

Perhaps Blockchain will survive but a truly alternative currency requires public faith and when cryptos spawn like rabbits it only spooks the public. Add to that the fact that most people got into it to get rich, which means the framework underpinning the whole concept was built on sand. I read a lot of people justify their investment as a middle finger to central banks, yet really, all they ever wanted to do was Get Rich Quick. Say what you want about central banks but they serve a different purpose, and they're stable enough to defy sudden, avaricious human impulses.

The crypto thing of 2017 is over and I say that without a trace of Schadenfraude. If you've still got skin in the game I suggest some cold, hard detachment - but don't go looking for that on YouTube - and then apply those lessons the next time a bubble comes around (which it invariably will).

PS: At the end of the Poseidon NL bubble shares were worth $75, down from nearly $400. Does anyone think they were a good buy?

thermalben's picture
thermalben's picture
thermalben commented Monday, 18 Jun 2018 at 2:47pm

"I read a lot of people justify their investment as a middle finger to central banks, yet really, all they ever wanted to do was Get Rich Quick."

That's what irked me the most. 

shoredump's picture
shoredump's picture
shoredump commented Monday, 18 Jun 2018 at 2:57pm

Life’s quick. Travel lots, and be with the ones I love. There’s my motivation for buying in.

thermalben's picture
thermalben's picture
thermalben commented Monday, 18 Jun 2018 at 3:45pm

Nothing wrong with that SD - agree with the semtiment 100%. 

happyasS's picture
happyasS's picture
happyasS commented Monday, 18 Jun 2018 at 7:27pm

Bitcoin will be less than 1000 dollars by year's end.

truebluebasher's picture
truebluebasher's picture
truebluebasher commented Thursday, 21 Jun 2018 at 3:25am

NEWS (South Korea)
Random Eskimo fisherman hacked into Cold Wallet bit thumb walks away with cool $32m.
Check your bits guys!

donweather's picture
donweather's picture
donweather commented Friday, 13 Jul 2018 at 8:55pm

Been a while.....here's my tip for 2018....Gochain.

Topsy's picture
Topsy's picture
Topsy commented Monday, 13 Aug 2018 at 1:58pm

Hi guys, been away for a while. Its looking pretty quiet here.

Topsy's picture
Topsy's picture
Topsy commented Monday, 13 Aug 2018 at 2:02pm

Hi don, What do you like about gochain? I had not checked it out until now. Its price seems to be holding up pretty well comparatively.

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming commented Monday, 13 Aug 2018 at 4:42pm

Ha ha...havent seen this thread for a while, im too scared to even look at my crypto balance.

Don't get me wrong i don't regret getting into crypto it was fun while it lasted it was a real buzz and it was a cool experience and i learnt a lot, and about 80% of the money i used was money i lucked into so money i was willing to lose and I'm kind of in the mindset its gone.

Obviously in hindsight I should have cashed out in January, but greed got the better of me :D

I think i watched way to many youtube videos and price predictions and got sucked into the hype.

I always promised myself id give it one year no matter what, so fingers crossed things get better before November, but highly doubtful, i might even leave some in after November who knows, will wait and see.

That said i think the tech has a future, i even read during the week i think it was Commonwealth bank are doing something with Ethereum.

It's kind of been nice to forget about it all for a while though, although it was fun, it can also be kinda draining needing to constantly monitor prices, i see guys on social media are still making money from trading, but i really don't have the time to monitor it all and it kind of gut wrenching and can Fark with your head.

Was in Indo the other month and was funny to hear the story from others, young guys only buying now for the first time, guys that own charter boats telling me there stories and big money too, and then a guy who worked on an oil rig during the hype said everyone on the rig was into it 24/7.

Oh well on the flip side the value of my house seems to have gone up about $100K or more in the last year :D

Ada gula, ada semut!

Craig's picture
Craig's picture
Craig commented Monday, 13 Aug 2018 at 4:52pm

Can't remember if I posted this before but this sums up my thoughts (fad)..

Bit coin price

Google trends: bitcoin

The tech is very useful but people jumping in to make a quick buck not so..

Topsy's picture
Topsy's picture
Topsy commented Monday, 13 Aug 2018 at 6:04pm

Some good projects that have just been listed on exchanges are tanking at the moment just because of the market. If crypto does recover they could be the incredibly cheap bargains that people look back on in the future. It is starting to feel like early days again for me. I could be wrong of course but I am in for a smallish amount because I think the potential upside is worth the risk, nothing I cant afford to lose.

CryptoKnight's picture
CryptoKnight's picture
CryptoKnight commented Monday, 13 Aug 2018 at 6:17pm

'Been a while.....here's my tip for 2018....Gochain.'

'Hi don, What do you like about gochain? I had not checked it out until now. Its price seems to be holding up pretty well comparatively.'

Yes, brilliant swillnutting exhibition!!! Professional swillnutting 101!!! In a nutshell!?! Its only plummeted by 70% since that mighty squwark!!! Whilst 'holding up pretty well comparatively'!!! In a nutshell!!! Again!!

https://www.coingecko.com/en/price_charts/gochain/usd

'it was fun while it lasted it was a real buzz and it was a cool experience and i learnt a lot'

Like the geek that took up surfing, stumbled into the rip, fins first, floundering, and was instantly swept away. Then, a year later was plucked from the ocean on the other side of the planet, still floundering against the rip, fins first, and slapped with a $1,000,000 rescue bill.

Or the gumby with his new app that joins the gym, and a year later is having back, knee, shoulder and neck surgery. And forgot to renew his private health cover and gets slapped with a $1000,000 medical bill.

Guinness Book of Records... most stupid humans ever...

For the good of the planet, these people should not be allowed to operate anything with any type of moving parts. Nor should they be allowed to enter any body of water anywhere at anytime.

If you come across these people, under no circumstance approach them, they are armed with lethal, ludicrous amounts of stupidity!!! Call the authorities immediately and allow them to deal with them.

Topsy's picture
Topsy's picture
Topsy commented Monday, 13 Aug 2018 at 6:32pm

Hi CK....

Topsy's picture
Topsy's picture
Topsy commented Monday, 13 Aug 2018 at 6:32pm

I think I missed you

Topsy's picture
Topsy's picture
Topsy commented Monday, 13 Aug 2018 at 7:56pm

https://icodrops.com/gochain/
Relative to ico price

Topsy's picture
Topsy's picture
Topsy commented Tuesday, 14 Aug 2018 at 12:14pm

Are you still around King Kenny?
Anything to add to your list?

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