Bitcoin

[nnuut]

How can they have ANY Value?

 

[tsptalk]

It's not a huge list, but it's growing, ad I hear bitcoin cash is catching up quickly...


Who Accepts Bitcoins As Payment? List of Companies, Stores, Shops

https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/

 

[RealMoneyIssues]

Just... frustrated...

Sent from my S9+ using Tapatalk

 

[nnuut]

Bitcoin bloodbath nears dot-com levels as many tokens go to zero

Adam Haigh and Eric Lam, Bloomberg
Published 8:36 am, Friday, June 29, 2018

Bitcoin's meteoric rise last year had many observers calling it one of the biggest speculative manias in history.

The cryptocurrency's 2018 crash may help cement its place in the bubble record books.
Down 70 percent from its December high after sliding for a fourth straight day on Friday, bitcoin is getting ever-closer to matching the Nasdaq Composite Index's 78 percent peak-to-trough plunge after the U.S. dot-com bubble burst. Hundreds of other virtual coins have all but gone to zero -- following the same path as Pets.com and other red-hot initial public offerings that flamed out in the early 2000s.
While bitcoin has bounced back from bigger losses before, it's far from clear that it can repeat the feat now that much of the world knows about cryptocurrencies and has made up their mind on whether to invest. Bulls point to the Nasdaq's eventual recovery and say institutional investors represent a massive pool of potential cryptocurrency buyers, but regulatory and security concerns have so far kept most big money managers on the sidelines. [more]

https://www.sfgate.com/business/article/Bitcoin-bloodbath-nears-dot-com-levels-as-many-13037337.php

 

[userque]

Remember them:

This family bet it all on bitcoin
https://www.cnbc.com/2017/10/17/this-family-bet-it-all-on-bitcoin.html

As best as I can tell, they are still hodling. They didn't sell.

 

[Frixxxx]

Bitcoin Crash Brings GPU Price Cuts For Gamers Ahead Of NVIDIA GeForce GTX 11 Turing Launch
https://hothardware.com/news/bitcoin-crash-gpu-price-cuts-ahead-nvidia-geforce-gtx-11-turing-launch

image: https://hothardware.com/ContentImages/NewsItem/45068/content/GTX_1060.jpg

​

It's been a tough year for gamers who needed to upgrade their GPU, but were stopped dead in their tracks by inflated price tags and a general shortage on most mid-range and high-end graphics cards. Thankfully, that is mostly in the rear view mirror. One of the reasons why is because Bitcoin and other cryptocurrencies have become less profitable to mine, and subsequently plummeted in value.


Consider that Bitcoin was trading for nearly $10,000 in parts of April and May. Before that, it had approached $20,000 and had investors talking about an eventual $50,000 or even $100,000 value on the horizon. Instead, it came crashing down is fast approaching a less-than-$5000 trading price (it's currently at $6,171 and falling). Sure, it might rebound at some point, but for there is some relief for gamers.

Read more at https://hothardware.com/news/bitcoi...orce-gtx-11-turing-launch#ygKtxsYOfZoyCcfy.99

 

[tsptalk]

Finally a little life in bitcoin...

 

[tsptalk]

Big rally in bitcoin hitting make or break area...

 

[tsptalk]

I've been holding onto 1 bitcoin and just sold it this morning. On my last "trade" I had bought 2 near $9914 and sold one when it dipped into the $9300 area. Held one that was obviously pounded below $6000 recently, so I am taking this spike higher as an opportunity to sell. $8229.

I hate when trades turn into buy and holds.

I still have several Ethereum and that's still a hold since that one got away from me too and I am way under water on my last purchase at $738. Currently $476. :blink:

 

[bmneveu]

I've been holding onto 1 bitcoin and just sold it this morning. On my last "trade" I had bought 2 near $9914 and sold one when it dipped into the $9300 area. Held one that was obviously pounded below $6000 recently, so I am taking this spike higher as an opportunity to sell. $8229.

Will you consider buying Bitcoin again, or are you off the ride for good?

 

[uscfanhawaii]

(TSPtalk), Will you consider buying Bitcoin again, or are you off the ride for good?

And along with that question, why did you sell just as it starts to climb? I am still underwater with GBTC, but I sure don't want to sell now if I can avoid it.

 

[tsptalk]

Will you consider buying Bitcoin again, or are you off the ride for good?

I will definitely buy it again. I just saw too many big rallies where I froze, only to see the gain evaporate. Look how similar the pattern is to the one prior. This may indicate another push higher in a couple of days, so I'm thinking about that.

It's just easier to think straight once I was flat. Now I'll be looking for an opportunity.

By the way I sold a lot GBTC today but kept the shares I have in my IRA. I plan to buy it back again as well. When, is the question.

 

[tsptalk]

Winklevoss twins bitcoin ETF rejected by SEC

https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html

The Securities and Exchange Commission rejected a proposal by Cameron and Tyler Winklevoss, founders of crypto exchange Gemini, for the first-ever cryptocurrency ETF.

 

[tsptalk]

I will definitely buy it again.

That news about the Winklevoss ETF just got my limit order filled at $7884.

 

[tsptalk]

Today's low would be a good place for bitcoin to hold... 7777 was the June high that it recently broke above. Old resistance = new support?

 

[tsptalk]

Ouch! That's the extent of my analysis.

 

[RealMoneyIssues]

Exactly, crypto, a complete waste of time and money. I am sure the rich got richer. While I did not.

Sent from my S9+ using Tapatalk

 

[tsptalk]

Exactly, crypto, a complete waste of time and money. I am sure the rich got richer. While I did not.

I don't know. This pattern has played out many times since bitcoin's inception. Same fear and greed, just more participants today. It's been quite a ride for those "hodling" but anyone who bought prior to mid-2017 is doing fine. Greed gets to buyers when it goes parabolic. I assume fear will get many of them on this current decline as well.

The red arrows show where the prior chart left off...

 

[tsptalk]

​Is this a buy signal?

Top technical analyst says it could be 'game over' for bitcoin

Renaissance Macro Research says if the price of bitcoin breaks its key year-to-date support level the digital currency will be "permanently impaired."

The price of bitcoin is down roughly 14 percent over the past week. The cryptocurrency fell about 6 percent on Wednesday after the U.S. Securities and Exchange

Commission delayed a decision on a proposed bitcoin exchange-traded fund.

https://www.cnbc.com/2018/08/09/top-technical-analyst-says-it-could-be-game-over-for-bitcoin.html

 

[uscfanhawaii]

​Is this a buy signal?

Top technical analyst says it could be 'game over' for bitcoin

https://www.cnbc.com/2018/08/09/top-technical-analyst-says-it-could-be-game-over-for-bitcoin.html

To continue this discussion on if it's a good time to buy.....

Yesterday I picked up 500 shares of GBTC EFT @ $9.20. Today it closed around $9.70! 5% in one day is not bad....just needs to continue.

Especially in my case. Prior to this buy, I had bought at $16.50 and again at $14.50. At least I lowered my cost basis a little. I like my chances going forward.....anyone hear the prediction of Bitcoin heading up to $60K within 5 years???

Didn't think so.