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Thread: Bitcoin

  1. #1451
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    Quote Originally Posted by trident-7 View Post
    8th December 2017, 20:51

    I don't really understand it but it sounds like one of the surest ways to lose a lot of money that I've ever heard of
    Exactly a year on (& >1300 posts later) my opinion hasn't changed.
    Last edited by trident-7; 8th December 2018 at 14:56.

  2. #1452
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    Quote Originally Posted by Snowdon View Post
    I remembered one particular bit of wisdom just now that someone posted early in 2018. Someone (can't remember who) was saying something along the lines that bitcoin always loses a bit in January but then it'll take off towards the moon thereafter.

    You always say these things to bring fresh people into the market to drive the rise. Ponzi scheme mostly. Alternative currency on a miniscule scale.
    Yep.

    Reading back, the claims of our resident hypers were outrageous in January.

    One predicted Etherum to be at least £2000 by year end and another slightly more bold advocate thought that was being too cautious and reckoned £5000.

    Around $100 now.

    Still, another three weeks or so until year end. There might be a rally.
    Cheers,
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  3. #1453
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    There was some full on pumping/promoting iirc.

  4. #1454
    Quote Originally Posted by Bobafett View Post
    what Cryptocurrencies paying 'dividends'??

    I've heard it all now. Best of luck with your investment.
    Effing idiot. There is milk all over my effing kitchen now!!!!!!!

  5. #1455
    Quote Originally Posted by aldfort View Post
    I'm going to get out of this thread as it seems no place for a double espresso drinker.

    Before I go I will just clue you in on the next big thing in trading currencies. It will be the "allotment grown vegetable". You lads and lassies who like a punt on this sort of cutting edge stuff should get in this now while it's still a grass roots movement. I does not rely on block-chain but the much more subtle and energy efficient device known as "spoilage". This ensures an amount of the currency is automatically devalued and if it's not "eaten while fresh" and thus fulfilling it's primary purpose. However there is a sort of safety parachute to recover some of the value from "spoilage", this is know as "compost" which can be used as a sort of seed capital to create more "allotment grown vegetables". Once you are into this new currency you'll need to learn how "trimmings" can also be made into "compost" to create even more "allotment grown vegetables".

    Don't bother searching the internet, this is all dark web stuff controlled by "mulchers". You will find a strange vocabulary designed to mystify the ordinary folk, words such as dibber, rotovator, and phrases such as "pricking out". Do watch out for "seasonality" though and pay attention to "rainfall" which can totally crash "allotment grown vegetables" or cause an oversupply (technical term is glut) which destroys the value unless you understand the technique known as "preserving".

    Best of luck.
    Haven't had an ab workout so good for so long. Pure gold. Thank you

  6. #1456
    Grand Master GraniteQuarry's Avatar
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    ^ cool first post, bro

  7. #1457
    Quote Originally Posted by Snowdon View Post
    I remembered one particular bit of wisdom just now that someone posted early in 2018. Someone (can't remember who) was saying something along the lines that bitcoin always loses a bit in January but then it'll take off towards the moon thereafter.

    You always say these things to bring fresh people into the market to drive the rise. Ponzi scheme mostly. Alternative currency on a miniscule scale.
    He's been quiet recently!

  8. #1458
    Grand Master Raffe's Avatar
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    Christmas Time in Crypto

    It is Christmas time in crypto
    And this year we are having a sale
    So take up our offers and fill up your coffers
    For a bargain you just cannot fail

    It is Christmas time in Crypto
    Even though we’ve discounted all year
    But our red lights keep flashing and our prices still crashing
    So we’ve offers galore, don’t you fear

    It is Christmas time in crypto
    So close off the year as a fan
    But you better move fast, cos these offers won’t last
    And we probably won’t be here in Jan

    (borrowed from the comments section of FTav)
    Who not knows how to hit the male on the hat should not hit at all.

  9. #1459
    Grand Master Raffe's Avatar
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    Continued in the original thread, click on screen shot to follow.
    Who not knows how to hit the male on the hat should not hit at all.

  10. #1460
    Master petethegeek's Avatar
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    It's OK, hodl tight there's definitely a Xmas Tree pattern emerging.


  11. #1461
    Grand Master Raffe's Avatar
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    Official announcement: the year-end rallye has just started, better get onboard before you miss out on the UPSIDE.

    #tothemoon

    Who not knows how to hit the male on the hat should not hit at all.

  12. #1462
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    Santa rally 🎅

  13. #1463
    Grand Master Raffe's Avatar
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    In all fairness, this is the first time BTC has shown some resilience in the recent sell-off, curious where the correction will go. Momentum looks good and Id be surprised if it wouldn't continue a little higher, setting up a perfect bull trap. Time will tell.
    Who not knows how to hit the male on the hat should not hit at all.

  14. #1464
    Grand Master Raffe's Avatar
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    I bought some Bitcoin today @3,800 USD, missed my buy order at 3,100 by a few Dollars last week. Looking for a correction to 5,000 or 5,500, maybe even 6,000. Highly speculative rebound-trading, just for fun and small money only.
    Who not knows how to hit the male on the hat should not hit at all.

  15. #1465
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    Oh you bastard: knowing *you* are losing money will dilute the immense pleasure I take each time the price slides further into the mire

  16. #1466
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Der Amf View Post
    Oh you bastard: knowing *you* are losing money will dilute the immense pleasure I take each time the price slides further into the mire
    Haha, I am not deserving of your sympathy.

    Please continue to enjoy the slide, I am still convinced Bitcoin will go to zero. Just not this week.
    Who not knows how to hit the male on the hat should not hit at all.

  17. #1467
    Master Der Amf's Avatar
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    Quote Originally Posted by Raffe View Post
    I bought some Bitcoin today @3,800 USD
    Only down to 3750 so far

  18. #1468
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Der Amf View Post
    Only down to 3750 so far
    Very disappointing price action indeed. The lack of upside momentum was stunning in the last correction already, looks even weaker now. If it drops below 3000 there is no hope for the bulls....

    Back to Christmas activities.
    Who not knows how to hit the male on the hat should not hit at all.

  19. #1469
    Grand Master Raffe's Avatar
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    Happy 10th birthday, Bitcoin.

    Now, to the moon!

    Who not knows how to hit the male on the hat should not hit at all.

  20. #1470
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    Quote Originally Posted by Raffe View Post
    I bought some Bitcoin today @3,800 USD, missed my buy order at 3,100 by a few Dollars last week. Looking for a correction to 5,000 or 5,500, maybe even 6,000. Highly speculative rebound-trading, just for fun and small money only.
    I'm assuming you've got (or had) a stop loss set up just in case...

  21. #1471
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    Quote Originally Posted by petethegeek View Post
    I'm assuming you've got (or had) a stop loss set up just in case...
    Nope, still long. This might cost a few bucks...

    I hate it when I trade against my fundamental view and lose money. But then, I also hate losing money when I am trading in line with my view.
    Who not knows how to hit the male on the hat should not hit at all.

  22. #1472
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    Quote Originally Posted by Raffe View Post
    Nope, still long. This might cost a few bucks...

    I hate it when I trade against my fundamental view and lose money. But then, I also hate losing money when I am trading in line with my view.
    In a way, this investment is a hedge against your opinion, yes? If you're wrong, at least you're making money.....

  23. #1473
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Der Amf View Post
    In a way, this investment is a hedge against your opinion, yes? If you're wrong, at least you're making money.....
    Haha. Not really. If I'm wrong, I'm wrong. Simple as that.
    Who not knows how to hit the male on the hat should not hit at all.

  24. #1474
    Grand Master Raffe's Avatar
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    Pssst!

    Hey you!

    Yes, you!

    Come a little closer, I have an interesting story for you.

    Sweden has just decided they get rid of their currency and will adopt a cryptocurrency instead. I alone know which currency it is, and I will tell you if you promise to keep the secret. If you invest 250 pounds today, you will be a multi-millionaire before next year. Want to know how?

    Go here.

    Thank me later.
    Who not knows how to hit the male on the hat should not hit at all.

  25. #1475
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    Hilarious. I particularly like these two nuggets of information written right next to each other:

    Current price of one of Sweden's official coin is only 0.91€, small investment of 250€ will buy you 274 coins.

    Famed hedge funder turned crypto-investor Michael Novogratz says: "Sweden's coin could be at 5,000€ per one by end of November, 2018"

  26. #1476
    Grand Master Neil.C's Avatar
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    Quote Originally Posted by Raffe View Post
    Pssst!

    Hey you!

    Yes, you!

    Come a little closer, I have an interesting story for you.

    Sweden has just decided they get rid of their currency and will adopt a cryptocurrency instead. I alone know which currency it is, and I will tell you if you promise to keep the secret. If you invest 250 pounds today, you will be a multi-millionaire before next year. Want to know how?

    Go here.

    Thank me later.
    LOL!!

    Where do I sign up?
    Cheers,
    Neil.

    My Speedmaster website:

    http://www.freewebs.com/neil271052

  27. #1477
    Master petethegeek's Avatar
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  28. #1478
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    Canada's largest cryptocurrency exchange is unable to access millions

    https://www.bbc.co.uk/news/world-us-canada-47123371

    "It has not been able to locate or secure its cryptocurrency reserves since Gerald Cotten died in December.

    Cotten, 30, had sole responsibility for handling the funds and coins.

    In court documents filed with the Nova Scotia Supreme Court on 31 January, his widow Jennifer Robertson, says the laptop on which Cotten "carried out the companies' business is encrypted and I do not know the password or recovery key"."



    Who says conventional banks are all bad?!

  29. #1479
    Master Der Amf's Avatar
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    The think I like most about that story is that he died suddenly in India and now there's $190 million missing.

  30. #1480
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    Quote Originally Posted by Der Amf View Post
    The think I like most about that story is that he died suddenly in India and now there's $190 million missing.
    Good opportunity to repeat the definition of crypto currencies:

    "Everything you don’t understand about money combined with everything you don’t understand about computers”

  31. #1481
    Grand Master Raffe's Avatar
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    Quote Originally Posted by David_D View Post
    https://www.bbc.co.uk/news/world-us-canada-47123371

    "It has not been able to locate or secure its cryptocurrency reserves since Gerald Cotten died in December.

    Cotten, 30, had sole responsibility for handling the funds and coins.

    In court documents filed with the Nova Scotia Supreme Court on 31 January, his widow Jennifer Robertson, says the laptop on which Cotten "carried out the companies' business is encrypted and I do not know the password or recovery key"."



    Who says conventional banks are all bad?!
    Quote Originally Posted by Der Amf View Post
    The think I like most about that story is that he died suddenly in India and now there's $190 million missing.
    Isn't it simply unbelievable? Thousands of punters are firm in their view that all banks are crooks and then quickly throw their money at a one-person-show with zero oversight, four-eyes principle or procedures.

    You'd think that due diligence has never been easier than in the times of the internet, all info is there to see and digest - but it appears that most people are doing less sanity checks than ever before. Apparently it's good enough if somebody on Facebook tells you that this is where you should put your money?

    I don't even feel sorry for them, such monumental stupidity deserves whatever comes of this.
    Who not knows how to hit the male on the hat should not hit at all.

  32. #1482
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    It's ironic that holding the idea that all government and establishment activity is inherently suspect is a decadent luxury only made possible by living in a safe and well-regulated society.

  33. #1483
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    Quote Originally Posted by Raffe View Post
    Isn't it simply unbelievable? Thousands of punters are firm in their view that all banks are crooks and then quickly throw their money at a one-person-show with zero oversight, four-eyes principle or procedures.

    You'd think that due diligence has never been easier than in the times of the internet, all info is there to see and digest - but it appears that most people are doing less sanity checks than ever before. Apparently it's good enough if somebody on Facebook tells you that this is where you should put your money?

    I don't even feel sorry for them, such monumental stupidity deserves whatever comes of this.
    I'd personally want a piece of the body and a number of DNA tests!! Makings of a great Thriller/Crime script...

  34. #1484
    Master petethegeek's Avatar
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    If you think the sales corner sleuths are good, then you should follow some of the blockchain analysts when they get the bit(coin) between their teeth - https://blog.zerononcense.com/2019/0...itcoin-wallets

  35. #1485
    Master Der Amf's Avatar
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    Quote Originally Posted by petethegeek View Post
    If you think the sales corner sleuths are good, then you should follow some of the blockchain analysts when they get the bit(coin) between their teeth - https://blog.zerononcense.com/2019/0...itcoin-wallets
    That was remarkably readable

  36. #1486
    Grand Master learningtofly's Avatar
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    Quote Originally Posted by Der Amf View Post
    That was remarkably readable

  37. #1487
    Master Der Amf's Avatar
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    Quote Originally Posted by learningtofly View Post
    I've been using the forum app only for so long, I can't remember what that one looks like


  38. #1488
    Grand Master learningtofly's Avatar
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    Quote Originally Posted by Der Amf View Post
    I've been using the forum app only for so long, I can't remember what that one looks like

    Ah... head in hands!

  39. #1489
    Grand Master Raffe's Avatar
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    Quote Originally Posted by petethegeek View Post
    If you think the sales corner sleuths are good, then you should follow some of the blockchain analysts when they get the bit(coin) between their teeth - https://blog.zerononcense.com/2019/0...itcoin-wallets
    "...allegedly deceased CEO and Owner Gerry Cotten..."
    Who not knows how to hit the male on the hat should not hit at all.

  40. #1490
    Master petethegeek's Avatar
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    Quote Originally Posted by Raffe View Post
    "...allegedly deceased CEO and Owner Gerry Cotten..."
    Perhaps it's simply for tax reasons - https://hitchhikers.fandom.com/wiki/Hotblack_Desiato

  41. #1491
    Do you think that was an experiment the creator thought might make a few quid quietly, but then was surprised to find it went viral?

  42. #1492
    Master petethegeek's Avatar
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    Quote Originally Posted by Raffe View Post
    I bought some Bitcoin today @3,800 USD, missed my buy order at 3,100 by a few Dollars last week. Looking for a correction to 5,000 or 5,500, maybe even 6,000. Highly speculative rebound-trading, just for fun and small money only.
    Quote Originally Posted by Raffe View Post
    Nope, still long. This might cost a few bucks...


    Gra[c|t]eful exit or double down?

  43. #1493
    Grand Master Raffe's Avatar
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    Quote Originally Posted by petethegeek View Post

    Gra[c|t]eful exit or double down?
    Neither nor.

    Still sitting with my position, utterly surprised at yesterday's 'explosion'. Let's see where this goes...
    Who not knows how to hit the male on the hat should not hit at all.

  44. #1494
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    The last year has taught me not to be surprised at any price movement!

  45. #1495
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    When it comes to cryptocurrency, all you need is more and more crypto oriented knowledge, the resources like this ICO Сalendar on CryptoTotem . Crypto business actually requires a good patience, a ton of research and also you have to wait for long time for big profits. Trading can also lead you to loss sometimes, so be ready for that.
    Last edited by SammyS; 1st March 2019 at 17:23.

  46. #1496
    Grand Master Raffe's Avatar
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    Quote Originally Posted by SammyS View Post
    When it comes to cryptocurrency, all you need is more and more crypto oriented knowledge, the resources like this ICO Сalendar on CryptoTotem . Crypto business actually requires a good patience, a ton of research and also you have to wait for long time for big profits. Trading can also lead you to loss sometimes, so be ready for that.
    Another nugget of wisdom from our studio specialist.
    Who not knows how to hit the male on the hat should not hit at all.

  47. #1497
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    Thank god he cleared it all up for us, I was completely confused until I read his post.

    Sent from my [null] using Tapatalk

  48. #1498
    Master petethegeek's Avatar
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    https://www.chepicap.com/en/news/783...o-a-ditch.html

    "We don’t see many purple Lamborghini’s around here..."

    I do sometimes wonder how the marketing people at Lamborghini feel about the association that seems to have built up between their brand and the more extrovert side of the bitcoin/cryptocurrency business.

  49. #1499
    Master Der Amf's Avatar
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    Quote Originally Posted by Der Amf View Post
    The think I like most about that story is that he died suddenly in India and now there's $190 million missing.
    Well, this is a surprise: https://www.bbc.co.uk/news/amp/technology-47454528

  50. #1500
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Der Amf View Post
    Next season: the resurrection of the CEO/founder. Stay tuned.
    Who not knows how to hit the male on the hat should not hit at all.

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