Is anyone else starting to become a bit excited?

q85dw7osi4lebg

hernie wrote: »

What if you didn't convert back to euro (fiat) and just bought things with the crypto currency?

.

vargoo

Arrival wrote: »

God above you need to get your emotions in check if you think holding through this is tough lmao, lots of us held from the end of 2017/early 2018 as far as 80% down. And when it was at or near the bottom what do you think we did? Bought more, because as the saying goes you should be greedy when others are fearful! You're either getting into this with conviction with the hopes to get richer than you ever would have otherwise or you're not. Don't put in more than you're actually comfortable losing and none of these dips and crashes will bother you

And the only people who got 'wiped out' in 2018 are the idiots who realised their losses by selling without a plan to buy back in at a lower price point

You f*cked up.

sexmag

hernie wrote: »

What if you didn't convert back to euro (fiat) and just bought things with the crypto currency?

There was a thread for an entire year hear about that entire subject,look it up its handy

sexmag

https://www.reddit.com/r/CryptoCurrency/comments/c657ly/the_retail_investor_community_has_the_memory_and/?utm_medium=android_app&utm_source=share

This is a pretty good post

Arrival

vargoo wrote: »

Arrival wrote: »

God above you need to get your emotions in check if you think holding through this is tough lmao, lots of us held from the end of 2017/early 2018 as far as 80% down. And when it was at or near the bottom what do you think we did? Bought more, because as the saying goes you should be greedy when others are fearful! You're either getting into this with conviction with the hopes to get richer than you ever would have otherwise or you're not. Don't put in more than you're actually comfortable losing and none of these dips and crashes will bother you

And the only people who got 'wiped out' in 2018 are the idiots who realised their losses by selling without a plan to buy back in at a lower price point

You f*cked up.

How so?

q85dw7osi4lebg

Addison Fancy Macrame wrote: »

Done.

Bit soon it seems oops.

Not buying again now unless we either get down to 60% retracement of about 7k, or get back above 14k.

Blueshoe

The correction started when someone dumped 1800 BTC on one go. Exchanges also went down due to volume.

I have a thought in the back of my head that it was a co ordinated cash grab though.

I will stay in tether for now as I feel more dumping will occur in the short term.

(Watch it hit new ath because I'm in tether!)

tcawley29

On the bright side at least harmony is green again. Still needs a fair jump to get back to where I bought in

makeorbrake

Blueshoe wrote: »

(Watch it hit new ath because I'm in tether!)

I also got out at that dump - although it was a **** show (the exchange not getting the order processed ...those extra couple of minutes cost me).

Of course it can go either way. It could go exponentially up the way right now. However, everyone has to play this in their own way and to fit/suit their own circumstances. I was fortunate enough to have built up a wedge of profit and I wasn't prepared to let go of it whilst gambling on a moonshot.

Might have another go - but for me, it had risen too quickly - needs to pair back a few grand.

q85dw7osi4lebg

Why would a whale dump to make profits, when it dumps the price of the rest of their holding and therefore reduces their entire net worth ?

makeorbrake

Addison Fancy Macrame wrote: »

Why would a whale dump to make profits, when it dumps the price of the rest of their holding and therefore reduces their entire net worth ?

Well, I have no experience with it but I'd imagine it must be very easy for them to make money in this market. They dumped - and had sold all in the space of 10 minutes or so. I'm sure they bought back some immediately afterwards also - and with that, they've instantly made money.

Us peasants react much slower and suffer the lower price.

sexmag

Addison Fancy Macrame wrote: »

Why would a whale dump to make profits, when it dumps the price of the rest of their holding and therefore reduces their entire net worth ?

Because they can then buy more when the price goes down even further

q85dw7osi4lebg

makeorbrake wrote: »

Well, I have no experience with it but I'd imagine it must be very easy for them to make money in this market. They dumped - and had sold all in the space of 10 minutes or so. I'm sure they bought back some immediately afterwards also - and with that, they've instantly made money.

Us peasants react much slower and suffer the lower price.

I understand that much but more confused as to why they would spook the market. Even buying back for 10% less after a few minutes, their entire holding is now 20% than it was yesterday. We will never know I suppose.

Blueshoe

Addison Fancy Macrame wrote: »

I understand that much but more confused as to why they would spook the market. Even buying back for 10% less after a few minutes, their entire holding is now 20% than it was yesterday. We will never know I suppose.

They may have bought large amounts when it was cheaper which triggers a price rise. People buy in and a bit of buzz is created. More buy in and the price rises. The whale sets his sell order. 1800 BTC was sold in one go yesterday. And the price then drops quickly. Triggers more to sell while the whale has escaped with a giant chunk of profit.

Hundreds of BTC worth bought and sold at a time.

Reload and start again

makeorbrake

Addison Fancy Macrame wrote: »

I understand that much but more confused as to why they would spook the market. Even buying back for 10% less after a few minutes, their entire holding is now 20% than it was yesterday. We will never know I suppose.

I wish I was more trading savvy but I don't have the insight. However, I'd wager they could have gone back in for a percentile - and traded it out again. Remember, after the dump, there was a recovery beyond $13,000.

It seems to me that they brute force of the holding does the heavy lifting for them. However, you can be sure these are savvy traders and have this down.

If you don't know who the fool at the table is, its you (and to those guys, we're all the fools they make $ off). That said, if I can get a scalp here and there, I'm happy with those scraps!

q85dw7osi4lebg

Fair points.

The sooner whales holdings reduce the better.

grindle

hernie wrote: »

What if you didn't convert back to euro (fiat) and just bought things with the crypto currency?

You have to consider the CGT and set it aside as well.

Pain in the hole but that's what happens when a country allows itself to be ridden into infinity by a crowd of lecherous populist whorescum.

makeorbrake

Addison Fancy Macrame wrote: »

Fair points.

The sooner whales holdings reduce the better.

As the market cap of Bitcoin and crypto expands, then their ability to move the market reduces. However, that's going to be a long process over a number of years.

Dohnjoe

makeorbrake wrote: »

As the market cap of Bitcoin and crypto expands, then their ability to move the market reduces. However, that's going to be a long process over a number of years.

We said this at 10bn cap, and even at several hundred bn cap, it hasn't abated

Everyone always blames "whales" or manipulation for drops, but when it goes up it's "natural" or "FOMO"

The market moves like a flock of birds, sometimes it takes nothing to make it go the opposite direction. And if it's been rising to nearly vertical we can expect that drop to be dramatic

makeorbrake

Dohnjoe wrote: »

We said this at 10bn cap, and even at several hundred bn cap, it hasn't abated

Everyone always blames "whales" or manipulation for drops, but when it goes up it's "natural" or "FOMO"

The market moves like a flock of birds, sometimes it takes nothing to make it go the opposite direction. And if it's been rising to nearly vertical we can expect that drop to be dramatic

Well, I wasn't 'blaming' anyone for anything. However, was there not a mass movement of a block of BTC yesterday? Maybe I was mistaken.

As regards the flock of birds, that's guaranteed in this market - probably more so than any other. ...as there's more retail involvement.


That said, an expansion of market cap to me seems like a good thing for volatility generally and this sort of thing also.

adam88

NomadicGray wrote: »

Same.

I’m just nosey. 10k isn’t loose change. This is just a statement but ye must be very high net worth people to be able to drop this money easily

grindle

adam88 wrote: »

I’m just nosey. 10k isn’t loose change. This is just a statement but ye must be very high net worth people to be able to drop this money easily

Alluding to the post in the other thread: they can buy partial fractions of coins. No need to drop €10k at a time.

Also: 2017 was only 2 years ago. Many here watched the money they put in grow by 100x (and beyond). It wouldn't be unusual for them to have an extra €10k if that is what they're spending.

adam88

Yesterday evening I had near 400 percent growth

makeorbrake

adam88 wrote: »

I’m just nosey. 10k isn’t loose change. This is just a statement but ye must be very high net worth people to be able to drop this money easily

Regrettably, it's a common misconception for those that are new to crypto. Bitcoin has eight places of decimal. You can buy a micro slice of it. There is no requirement to buy to the value of one complete coin.

grindle

adam88 wrote: »

Yesterday evening I had near 400 percent growth

I get that nearly every morning, you get used to it. Either piss before you go to sleep or get used to waking up that way.

q85dw7osi4lebg

makeorbrake wrote: »

Regrettably, it's a common misconception for those that are new to crypto. Bitcoin has eight places of decimal. You can buy a micro slice of it. There is no requirement to buy to the value of one complete coin.

I think this needs to be made more known, the few friends who have talked about crypto with me thought they had to be purchased in entirety.

We should start talking in Satoshis.

grindle

Addison Fancy Macrame wrote: »

I think this needs to be made more known, the few friends who have talked about crypto with me thought they had to be purchased in entirety.

We should start talking in Satoshis.

I thought this was just a sad meme. People think you have to buy a whole one?

Still?

q85dw7osi4lebg

grindle wrote: »

I thought this was just a sad meme. People think you have to buy a whole one?

Still?

Unfortunately. Just as they think you have to buy a full share of apple or Amazon, not a half (which we know they are right about )

makeorbrake

Addison Fancy Macrame wrote: »

I think this needs to be made more known, the few friends who have talked about crypto with me thought they had to be purchased in entirety.

We should start talking in Satoshis.

grindle wrote: »

I thought this was just a sad meme. People think you have to buy a whole one?

Still?

For sure. This is a common issue. It would have been better if it was packaged/presented in satoshi's. It's misunderstood by folks that are just beginning to develop an interest. Have come across many instances where people feel its beyond them (as an option to purchase) due to the unit price of a complete Bitcoin.

Dohnjoe

It's chilling out a bit now. If it holds need to wait 24 hours for the "green".

NomadicGray

adam88 wrote: »

I’m just nosey. 10k isn’t loose change. This is just a statement but ye must be very high net worth people to be able to drop this money easily

Ha, you can buy fractions of a coin. Id say I'll never have a full bitcoin

q85dw7osi4lebg

Up a grand in 5 hours, where else would you get the excitement.

Bob24

makeorbrake wrote: »

For sure. This is a common issue. It would have been better if it was packaged/presented in satoshi's. It's misunderstood by folks that are just beginning to develop an interest. Have come across many instances where people feel its beyond them (as an option to purchase) due to the unit price of a complete Bitcoin.

I know what you mean and I agree it does create confusion, but I still feel Bitcoin is a more practical unit of measure.

1 Sataoshi is worth 0.0001 USD (ie a hundredth of a cent). With so many zeros after the decimal point, I don’t think the actual value would print correctly with the average person. Maybe if the the day comes whereby a Satoshi is worth a cent (million dollar bitcoin) it would start to be more appropriate to use Satoshi as a primary unit, but IMO right now is too early.

stockshares

Off topic but I thought I'd post this quick question as many users are on this thread over the last few days.

Lads what portfolio app do you use to keep track of your Exchange accounts and trades.

I've been using Coinmarket Caps new app but Its not very accurate with current price.

Grumpypants

stockshares wrote: »

Off topic but I thought I'd post this quick question as many users are on this thread over the last few days.

Lads what portfolio app do you use to keep track of your Exchange accounts and trades.

I've been using Coinmarket Caps new app but Its not very accurate with current price.

I use blockfolio.

sexmag

I've spent the last 45 minutes trying to buy BTC in coinbase but PTSB text verification system isnt working, I've tried 4 times and still no text in. I've checked 2FA with other services to see if it's my mobile provider but all came in fine, all the whole I've lost out as BTC is climbing again

stockshares

Grumpypants wrote: »

I use blockfolio.

Thanks, Is it ok to trust these Apps with API keys.

cherrytaz

Looking to top up some of my portfolio given the small dump. Currently have Bitcoin, Eth, XRP and Chainlink and have about 1000 Euro to throw on something. XRP is tempting as ever but so little movement as of late. Throwing in all on Bitcoin possibly the safest?

q85dw7osi4lebg

sexmag wrote: »

I've spent the last 45 minutes trying to buy BTC in coinbase but PTSB text verification system isnt working, I've tried 4 times and still no text in. I've checked 2FA with other services to see if it's my mobile provider but all came in fine, all the whole I've lost out as BTC is climbing again

Check with bank that verified by visa number is correct

q85dw7osi4lebg

Addison Fancy Macrame wrote: »

€10,243 on Coinbase.

$11,630

Relentless.

So we are back to where we were a whole 3 days ago. What a journey.

q85dw7osi4lebg

Annnddddd she's green on the daily.

vargoo

Addison Fancy Macrame wrote: »

Annnddddd she's green on the daily.

I'm bored/tired looking at it.

NomadicGray

How soon are we back to 12k? Sunday evening maybe?

q85dw7osi4lebg

NomadicGray wrote: »

How soon are we back to 12k? Sunday evening maybe?

What currency? She just hit $12,000 20 minutes ago briefly.

NomadicGray

Addison Fancy Macrame wrote: »

What currency? She just hit $12,000 20 minutes ago briefly.

Euros

Sabre0001

Here we go again

Tango One

Anyone heard of Dublin based exchanges bitsane, apparently it shut up shop and done a runner with everyone money.

https://www.dublinlive.ie/news/dublin-news/dublin-based-cryptocurrency-exchange-vanishes-16499710

stockshares

Tango One wrote: »

Anyone heard of Dublin based exchanges bitsane, apparently it shut up shop and done a runner with everyone money.

https://www.dublinlive.ie/news/dublin-news/dublin-based-cryptocurrency-exchange-vanishes-16499710

Lads are talking about this on the worried thread.

SauNewb

On the topic of losing everything on an exchange, is there a place in Dublin where you can buy a Ledger Nano S?

Or can you only buy them online?

stockshares

SauNewb wrote: »

On the topic of losing everything on an exchange, is there a place in Dublin where you can buy a Ledger Nano S?

Or can you only buy them online?

Only buy them from Ledger. Too risky otherwise