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Thread: Bitcoin

  1. #157

    Default Re: Bitcoin

    Free falling.... went under $2000 briefly today.

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  3. #158

    Default Re: Bitcoin

    After a low near $1735 on Sunday, bitcoin is back up to $2132. Insane movement.

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  5. #159

    Default Re: Bitcoin

    I dumped everything (ETH and BTC) yesterday during the rebound, except for 1 BTC that is still in the waiting period (one more day), which is probably good since it kept going up after I sold, as did ETH and most cryptos. Unfortunately I got out near $2200 yesterday and you can see it's over $2300 again.

    The moving averages have been holding as resistance of late so I wanted to "sell high" just in case it decides to rollover again. I assume this bounce is all the folks who panic sold over the weekend scurrying to get back in. Now we'll see how these handle the resistance. A move and a hold above the MA's and I'll have to bite the bullet and buy higher. Otherwise, I'm looking to buy any failure here if there's another leg down or a test of the lows.


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  7. #160

    Join Date
    Nov 2004
    Location
    14425
    Posts
    130

    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    I dumped everything (ETH and BTC) yesterday during the rebound, except for 1 BTC that is still in the waiting period (one more day), which is probably good since it kept going up after I sold, as did ETH and most cryptos. Unfortunately I got out near $2200 yesterday and you can see it's over $2300 again.

    The moving averages have been holding as resistance of late so I wanted to "sell high" just in case it decides to rollover again. I assume this bounce is all the folks who panic sold over the weekend scurrying to get back in. Now we'll see how these handle the resistance. A move and a hold above the MA's and I'll have to bite the bullet and buy higher. Otherwise, I'm looking to buy any failure here if there's another leg down or a test of the lows.

    Do you anticipate a continued downtrend going into the August 1st possible "fork" with re-buying after the issue is settled? Just curious on your opinion.

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  9. #161

    Default Re: Bitcoin

    I may not play it this way, but since everyone is expecting that sell-off, I am skeptical that it will happen - and may already have this past week. But technically, a retest of the lows is possible.

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  11. #162

    Join Date
    Nov 2004
    Location
    14425
    Posts
    130

    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    I may not play it this way, but since everyone is expecting that sell-off, I am skeptical that it will happen - and may already have this past week. But technically, a retest of the lows is possible.
    Thanks for the input.


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  13. #163

    Default Re: Bitcoin

    Bitcoin soars as miners finally move to solve the digital currency’s scaling problem
    http://www.cnbc.com/2017/07/18/bitco...g-problem.html

    "Bitcoin miners are signalling their intent to support a new upgrade for the bitcoin blockchain that may solve the digital currency's long-running scaling issue.
    ..."
    ___________________________________
    "Adversity does not build character, it reveals it." -- James Lane Allen

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  15. #164

    Join Date
    Nov 2016
    Location
    Arkansas
    Posts
    76

    Default Re: Bitcoin

    I'm still holding over here. I know where Bitcoin will be in 2 or 3 years!

    Power to the people!

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  17. #165

    Default Re: Bitcoin

    Quote Originally Posted by 1965Vintage View Post
    I'm still holding over here. I know where Bitcoin will be in 2 or 3 years!

    Power to the people!
    Still holding mine for long term unless I need to bail. In fact, I added a little more ETC, XRP and BTC on Sunday around high noon when the bottom fell out.
    Allocations as of COB 3 Jul 2017: G:50%, C:30%, S:5%, I:15%
    Past Returns: 2016 +11%, 2015 -.12%, 2014 +6.88%, 2013 +22.39%

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  19. #166

    Default Re: Bitcoin

    Don’t Get Burned! Cryptocurrencies Are Like Penny Stocks: Doug Casey
    http://www.kitco.com/news/video/show...asey---PART-33

    ___________________________________
    "Adversity does not build character, it reveals it." -- James Lane Allen

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  21. #167

    Default Re: Bitcoin

    I agree with Doug Casey. With that being said, my investment is very small, just enough to keep interested in learning about this new type of digital currency. Perhaps one of them will be the next Amazon or Netflix? I would never invest my retirement or money that I might need someday soon. I think this will be the future, just not sure how or where it all ends up.
    Allocations as of COB 3 Jul 2017: G:50%, C:30%, S:5%, I:15%
    Past Returns: 2016 +11%, 2015 -.12%, 2014 +6.88%, 2013 +22.39%

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  23. #168

    Join Date
    Dec 2009
    Location
    The High Desert
    Posts
    1,006

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