[godfather dust]

Stumbled across bitmex... Trading crypto with leverage? If it's anything like forex can't imagine a dumber idea.

[SamuelBRoberts]

Why's that?

[The Alpha Virgin]

(03-02-2018 10:09 PM)True Balla Wrote:  

So does anyone have any good recommendations for holding this month?

42-Coin.

[godfather dust]

I'm looking at this: https://www.bitmex.com/app/fees

100x on bitcoin seems like you are way more likely to get liquidated then be correct.

(Though now that you mention it it could very well be worth the risk considering how much you would make being right.)

edit: I might even get on that, I don't have any longs or shorts I'm confident on ATM though.

[Sidney Crosby]

Taking a yuuge beating today.

Just got my Ledger S in the mail, now I don't have to worry about hacks.

[SamuelBRoberts]

Anyone else feeling extremely fucking bored?

I still read my usual sources, but there's nothing going on.
It's just a slow decline.

All the charts look like shit, and like I said, I cashed out until I see that double top broken.

Is it time to find a new hobby?

[Sidney Crosby]

^

[Mr_Nobody]

That Chad HODL shit was kinda funny, but unfortunately in real life all the guys I know "Hodling" are not chads. And they're kinda retarded.

One guy Is a bartender, he's already having his hair gray around 35... And he thinks TRON is gonna have some miraculous comeback even though he lost most of his bankroll and it's a steaming shitcoin.

Same guy was telling me to invest everything I had in it 3 months ago. I laughed in his face. So no most of these guys are "chads" they're just fucking dorks who think that somehow TRON or god damn Litecoin is gonna make them rich. Sorry to offend anyone who likes these coins but I couldn't give a fuck. FOMO is FOMO

[Giacomo Casanova]

This market is historically done by cycles and it looks like we are in a phase of downtrend. But I think that this is a good moment for calmly planning and accumulating using dollar cost average strategy, since the lights are down. Mr_Nobody is right about not FOMOing, but in the same time the guys hodling when bitcoin had one of its many deeps for example in 2012 and 2015, eventually as of today have been right.

[SamuelBRoberts]

I took the DCA guide out of my sig because I don't feel comfortable telling people to spend money on bitcoin right now.

[Redbaron]

I am extremely interested to see what happens when bitcoin goes bull. Personally I think we are going to hit maybe 6-7K before we accumulate and get that bull-run we are all itching for. The amazing part is the amount of publicity and awareness revolving around the current market. We have youtube stars with millions of followers talking about their bitcoin investments, John Oliver just had a 10 minute segment on bitcoin, and Wallstreet is in the bitcoin kitchen. Interest in bitcoin is at an all-time high and we are in a bear market. That speaks volumes for what is going to happen when we go bull.

[Sidney Crosby]

That John Oliver thing was good, even though he was kind of making fun of crypto currencies a good percentage of his viewers have probably invested or plan on investing.

[SamuelBRoberts]

(03-13-2018 05:51 PM)Redbaron Wrote:  

I am extremely interested to see what happens when bitcoin goes bull. Personally I think we are going to hit maybe 6-7K before we accumulate and get that bull-run we are all itching for. The amazing part is the amount of publicity and awareness revolving around the current market. We have youtube stars with millions of followers talking about their bitcoin investments, John Oliver just had a 10 minute segment on bitcoin, and Wallstreet is in the bitcoin kitchen. Interest in bitcoin is at an all-time high and we are in a bear market. That speaks volumes for what is going to happen when we go bull.

Interest in BTC is, according to google trends, at 17% of its all time high. So no, that's not right at all.

[Redbaron]

[/quote]

Interest in BTC is, according to google trends, at 17% of its all time high. So no, that's not right at all.
[/quote]

The google trends statistic is certainly valid. In the broad scheme of things though I can certainly say bitcoin today is a monster compared to what it was this time last year.

[Lampwick]

(03-13-2018 06:44 PM)SamuelBRoberts Wrote:  

Interest in BTC is, according to google trends, at 17% of its all time high. So no, that's not right at all.

Yes, but interest in searching google trends for "bitcoin" is skyrocketing!

[SamuelBRoberts]

(03-13-2018 07:13 PM)Lampwick Wrote:  

Yes, but interest in searching google trends for "bitcoin" is skyrocketing!

Sadly I've never seen anybody do it but me, LightCrypto, Gework, and IsaacThomas.

Gework really doesn't get enough credit for how smart he is, honestly, his posts have been fucking spot-on.

(03-13-2018 07:12 PM)Redbaron Wrote:  

The google trends statistic is certainly valid. In the broad scheme of things though I can certainly say bitcoin today is a monster compared to what it was this time last year.

A year ago BTC was $1200 and search interest was at 6% of all time high. If it kept that ratio of price to search interest, we would currently have 3500$ bitcoin. Maybe that's our price target? I don't know.

[Lampwick]

(03-13-2018 07:22 PM)SamuelBRoberts Wrote:  

(03-13-2018 07:13 PM)Lampwick Wrote:  

Yes, but interest in searching google trends for "bitcoin" is skyrocketing!

Sadly I've never seen anybody do it but me, LightCrypto, Gework, and IsaacThomas.

Gework really doesn't get enough credit for how smart he is, honestly, his posts have been fucking spot-on.

That was a bit of a joke that bag holders are searching google trends hoping that interest is increasing, rather than new entrants searching google itself for "bitcoin."

[RedPillUK]

The Google searches for Bitcoin will go up when the price goes up or there is big news in the mainstream media about it, so I don't think it is a very useful thing to look into.

[RedPillUK]

(03-06-2018 08:23 PM)godfather dust Wrote:  

I'm looking at this: https://www.bitmex.com/app/fees

100x on bitcoin seems like you are way more likely to get liquidated then be correct.

(Though now that you mention it it could very well be worth the risk considering how much you would make being right.)

edit: I might even get on that, I don't have any longs or shorts I'm confident on ATM though.

Yeah 100x leverage can very easily get you liquidated even if you are correct, as you will get less than a 1% margin for error. That would be pretty annoying if the trade did then go your way, so I just wouldnt use anything more than 5x or 10x leverage.

Also it's important to never get liquidated, it's better to set a stop loss 1 dollar above the liquidation price as you will lose a lot less money that way. And try out the test platform first because you can lose money by making silly mistakes such as adjusting the leverage halfway through a trade.

[bgbusiness]

(01-17-2018 06:06 AM)bgbusiness Wrote:  

(01-16-2018 08:56 AM)gework Wrote:  

This bubble still hasn't blown off. I'm still looking at a pull back to ~$8,000 (BTC).

You are right on the money.

I agree that it will be around $7500 ~ $8,000 then it will re-establish or consolidate itself around that range for about 6 ~ 12 months.

I wasn't too far off...lol.
It went down to $6500, almost went back up to 12k, then here and there fluctuating around 8k~10k...

I am predicting cryptocurrencies to start going up in summer as we had a "healthy correction"
At the end of this year, I see it going up a lot and beginning of next year, it can hit 100k.
I have read up a lot of stuff last few months, read couple books and even went to seminars and I am more optimistic about bitcoin than ever...the more you learn, the more realize the potential of blockchain technology...

[Giacomo Casanova]

Market is tanking right now. But this is likely a good entry point in terms of prices. We are talking about a jump of the global market cap from 830B$ to 330B$. Let's just remember the market cap of Facebook (535B$) of a unique company which is still way higher of an entire market which is going to revolutionize the world. Smart money are waiting for the bottom to enter massively and weak hands are going to panic and sold them the coins. Not a good moment for a day trader, but great opportunity for an investor with a long term overview.

[godfather dust]

I think the best bet is not "good entry point" or short or long, it is "I have no fucking clue how much risk can I handle." Unless you have enough coins to effect price that is the truth from what I can tell.

[bgbusiness]

(03-14-2018 05:22 PM)Giacomo Casanova Wrote:  

We are talking about a jump of the global market cap from 830B$ to 330B$. Let's just remember the market cap of Facebook (535B$) of a unique company which is still way higher of an entire market which is going to revolutionize the world.

I agree. I was just checking out what the prices for bitcoin and alt coins will be if the cryptocurrency market cap actually reaches multi-trillion dollars like real estate and stocks.

This article indicates that US real estate market is worth about 30 trillion dollars.
http://fortune.com/2017/12/28/house-value-gain-zillow/

NYSE = 20 tril, Nasdaq = 7.8 tril.
http://www.caproasia.com/2017/01/27/2016...alization/

Compare those market caps to cryptocurrency market right now. 100x market cap is possible imo if it rly changes the world.
That means that Bitcoin can probably reach 1mil+ like others have indicated before. 100x returns.

Possibly could be 200x returns on some smaller coins where the prices are more volatile.

[SamuelBRoberts]

1 million?
Guys are gettin' greedy.

[RichieP]

I wonder how much money is waiting on the sidelines to flow into crypto.