Bit Coins

[Mark-RS]

Chinese New year. The dip happens every year at this time. It's nothing out of the ordinary.

Chinese New Year is 16 Feb....

Sell off usually occurs leading "Up" to it. Not on the exact date.

But feel free to pick apart anything you please if it helps you to make a point in some way.

[don0301]

Chinese New year. The dip happens every year at this time. It's nothing out of the ordinary.

Chinese New Year is 16 Feb....

Sell off usually occurs leading "Up" to it. Not on the exact date.

But feel free to pick apart anything you please if it helps you to make a point in some way.

Oh 5 weeks before then

Thread is always full of doom and gloom with the non believers trying to prove themselves right for not getting into it.

I am still about £18k up on what I invested into this. I have been through many dips over the years and this will be exactly the same. It will progress again, even more rapidly in the new year than it has done this past year.

For those wanting to get in on it, now is your prime opportunity. Buy in the dip ! The longer you wait the more expensive it will be and the higher the risk will be. The next dip will not be as cheap as this one as the coins will be more costly, therefore the fall price will also still be more costly.

[don0301]

Not everyone has bottomless pockets as it appears you do......

Another dreamer

[Mark-RS]

To make a little simpler for you....

Before Xmas there was a dip.

This is the point in time when you buy.

In the new year prices spiked.

So you would have made profit.

Now we are heading to the Chinese New Year, had you predicted it correctly you would have sold again, after the New Year rise.

Now we have this dip, you would buy again.

Prices will then go up and again, you will profit.

You see the pattern here ? It's a fluctuation, it's not a constant. It goes up, it goes down. Predict it correctly and you profit.

But all you seem to want to do in this thread is to put people off from doing it. I really don't see the point in that. There is no difference to this than regular stocks and shares. Everything goes up, everything goes down. Predict what will and what won't and you can make a hell of a lot of money.

[JCviggen]

There is no difference to this than regular stocks and shares. Everything goes up, everything goes down. Predict what will and what won't and you can make a hell of a lot of money.

Well it is a little different, in that you're dealing with a largely unregulated asset, cowboy exchanges etc. The size of the swings makes it interesting to play on with some money that you can afford to lose, but you wouldn't in good sense put all of your eggs in a basket that can proclaim itself hacked tomorrow and disappear. It's getting better than it used to be, but the underlying trading structures of the stock market are safer and better developed. There's even some technical support that you can count on.

I think the closest thing is speculating on gold, a material that does have some intrinsic value, but if it fell back to what it's actually worth in terms of industrial uses etc you wouldn't be happy seeing a 95% or so plunge. Most of the gold price is faith, sentiment and speculation. Bitcoin is the same thing. Now that it has a certain and ever growing following, it's not going to go to zero or even close to zero any more than gold will suddenly collapse to its actual useful value.

BTC has its waves, bubbles, but the long-term log exponential uptrend has been going for years and will not be reversed for the foreseeable future.

It's a fun thing to play with during periods such as these, it is a zero sum game in the end but there are so many bad traders that if you do this for a while the moves become glaringly obvious. The actual stock market is much harder.

[FaisalJ]

There is no difference to this than regular stocks and shares.

Absolute bollox

A share is part ownership in a listed company, with actual assets and revenue. You can see the full financials of that company, follow news that would impact profits etc, and observe industry trends. There are numerous stock analysts across investment banks doing hours of due diligence on these companies and publishing their findings; going through the financials with a fine tooth comb, visiting factories or offices, speaking to management, comparing to competitors etc etc. There are real cashflows, from actual customers, and audited accounts. Given the scrutiny from regulators and auditors you can also be reasonably (but not completely) comfortable that the company isn’t a fraud.

I buy shares in companies that look undervalued or I can see strong growth. I can back that up with data. I also consider the downside risks and won’t invest where the risk to reward isn’t attractive.

How exactly do you ascertain that bitcoin is just going up? Maybe you have a convincing argument- but I haven’t across one. All I see is the significant downside risks and a massive momentum trade funded by retail investors that don’t really know what they’re buying.


Sent from my iPhone using Tapatalk

[MrHilario]

Absolute bollox........

[Mark-RS]

There is no difference to this than regular stocks and shares.

Absolute bollox

A share is part ownership in a listed company, with actual assets and revenue. You can see the full financials of that company, follow news that would impact profits etc, and observe industry trends. There are numerous stock analysts across investment banks doing hours of due diligence on these companies and publishing their findings; going through the financials with a fine tooth comb, visiting factories or offices, speaking to management, comparing to competitors etc etc. There are real cashflows, from actual customers, and audited accounts. Given the scrutiny from regulators and auditors you can also be reasonably (but not completely) comfortable that the company isn’t a fraud.

I buy shares in companies that look undervalued or I can see strong growth. I can back that up with data. I also consider the downside risks and won’t invest where the risk to reward isn’t attractive.

How exactly do you ascertain that bitcoin is just going up? Maybe you have a convincing argument- but I haven’t across one. All I see is the significant downside risks and a massive momentum trade funded by retail investors that don’t really know what they’re buying.


Sent from my iPhone using Tapatalk

Why do people take things literally here ? Of course I am of the understanding that a Bitcoin is not the "Exact" same thing as a share. And of course I understand that shares are parts of a company and that a Bitcoin is not.

What I meant by being no rel different to shares is that overall, the very basics of both systems is that you buy low and you sell high. Shares go up and down, as does the value of Bitcoin.

Whilst you may not be able to trawl through a business history and make judgements, there are still trends that tend to follow the rise and fall in price of Bitcoin. Not always entirely accurate, but trends are trends and they are pretty damned close.

There are forums, not sure if you are aware, that give a lot of insider information on what may or may not be about to happen. Just the same as I imagine there are for shares on the regular stock exchange. Just as there are for betting and pretty much everything else in life.

Now, you obviously have far less to go on with regard to buying and selling, so in turn the risk is is clearly far greater. But then on the flip side, so are the rewards.


On another note, the one major thing that is currently holding BitCoin back are the transaction fee's which have rocketed through the roof. If/When they can sort this out to make the currency more useable again. This in turn will increase it's price.

[FaisalJ]

So what you’re saying is that it’s the same as a share because it has a price, and so you can stare at a chart of that price, and come up with a justification for buying.

I’m a firm believer that most of “charting” is mumbo jumbo.

There is however plenty of literature supporting the idea of momentum trading, and lots of successful investors out there that trade trends. I’ll concede that.

However, in an underdeveloped market like bitcoin - where there still isn’t much shorting or institutional investors, I don’t think you can read much into those trends. Although the futures are trading, barely any of the big hedge funds are able to trade them as the prime brokers are flat out refusing to clear the trades. Their risk departments are not allowing it so far. That situation may change very soon.

And that’s beside the point that the recent trend is down. If the trend following funds (CTA funds) were in the market, you can bet you’re bottom dollar that the short and medium term CTAs would be shorting the <beep> out of the futures.


Sent from my iPhone using Tapatalk

[doodlebug]

Regulation on trading is coming. And in some cases, China has been mentioned, an outright ban on trading.

Central bank regulated crypto will come. And I wouldn’t want bitcoin when that happens.

[wantars4]

well it's certainly corrected some from it's peak......I am going to give it til February, and then chuck a grand or two in.....

[Azmontana]

There is no difference to this than regular stocks and shares.

Absolute bollox

A share is part ownership in a listed company, with actual assets and revenue. You can see the full financials of that company, follow news that would impact profits etc, and observe industry trends. There are numerous stock analysts across investment banks doing hours of due diligence on these companies and publishing their findings; going through the financials with a fine tooth comb, visiting factories or offices, speaking to management, comparing to competitors etc etc. There are real cashflows, from actual customers, and audited accounts. Given the scrutiny from regulators and auditors you can also be reasonably (but not completely) comfortable that the company isn’t a fraud.

I buy shares in companies that look undervalued or I can see strong growth. I can back that up with data. I also consider the downside risks and won’t invest where the risk to reward isn’t attractive.

How exactly do you ascertain that bitcoin is just going up? Maybe you have a convincing argument- but I haven’t across one. All I see is the significant downside risks and a massive momentum trade funded by retail investors that don’t really know what they’re buying.


Sent from my iPhone using Tapatalk

You do realise all those processes you mentioned took time to implement?

In the years to come people will look back and think how did we ever live without blockchain tech just like we do now with computers, internet, smartphone etc.

Yes there are plenty of scams out there that’s why you have to do your own due diligence as those processes you mentioned don’t exist yet.

You can choose to be an early adopter and in the process likely make a few quid. Or you can sit on the sidelines and talk about in my day they did it this way.

It’s clear that plenty of the naysayers on this thread don’t understand the underlying tech if you did you’d likely have a very different opinion.

[doodlebug]

I think that’s pretty wide of the mark, arrogant and naive.

Do you work with the tech day to day? How well do you actually understand it?

[MikeFish]

It's all explained here:

[don0301]

It's all explained here: