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Greed has propelled this "currency" out of control. Now we sit back and wait for the crash.
 
I won't buy any bitcoin now. This much growth at once is unhealthy. I think people are rushing in BTC because of the Christmas season coupled with media hype. Long term prognosis is still good.

If you still want a piece in crypto I would go with LTC and as I suggested in my first post in this thread look into VTC. I have more than doubled my investments in VTC since then.

VTC is better than other coins in many ways. One reason is that it has been in development since 2014, the development team is serious about its long term goal and is committed. There are other technical aspects. The thing I personally like is that VTC is also supported by hardware wallet Nano Ledger S. Hence I can store it safely.

The hack which happened recently is why you should never leave your BTC at the online market place and should instead transfer it to a android wallet or preferably hardware wallet.
 
shane said:
Greed has propelled this "currency" out of control. Now we sit back and wait for the crash.
Click to expand...

Greed might be involved. Though for me it's about giving an innovation a chance and lending it support. This stuff can make the banks go obsolete.

Bitcoin is a revolution! Implementation can go wrong but the idea behind is ingenious and is here to stay. Hence in the next decade perhaps we won't be dealing with Bitcoin but some alternative will be there.

Right now 80% of rational folks are waiting for some crash. The kind of crash they imagine won't happen and eventually they too will rush in out fear of missing out.
 
Max Keiser who called Bitcoin a buy at $3 is worth a listen

<iframe width="560" height="315" src="https://www.youtube.com/embed/NsMlIIyaTsk" frameborder="0" gesture="media" allow="encrypted-media" allowfullscreen></iframe>
 
Bitcoin USD milestones:
$0000 - $1000: 1,789 days or 5 years
----
$12,000-$13,000: 17 hours
$13,000-$14,000: 4 hours
$14,000-$15,000: 10 hours
$15,000-$16,000: 5 hours
$16,000-$17,000: 2 hours
$17,000-$18,000: 10 minutes
$18,000-$19,000: 3 minutes
 
Sirris said:
Greed might be involved. Though for me it's about giving an innovation a chance and lending it support. This stuff can make the banks go obsolete.

Bitcoin is a revolution! Implementation can go wrong but the idea behind is ingenious and is here to stay. Hence in the next decade perhaps we won't be dealing with Bitcoin but some alternative will be there.

Right now 80% of rational folks are waiting for some crash. The kind of crash they imagine won't happen and eventually they too will rush in out fear of missing out.
Click to expand...

Depends how much experience you have of crashes. At this stage most people have had enough to know good things do not last forever in finance and economics.

The media has had an influence too. It is no coincidence that the price of Bitcoin has rocketed mostly after it started appearing on Sky News and CNN in the past few months.

If I was foolish enough to have bought 1000s of dollars of Bitcoin back when it was very cheap (foolish people can get lucky too), I would surely be selling now seeing as I have riches beyond my wildest expectations.
 
Out of interest, I wonder how the rise of Bitcoin has affected the price of bank shares and currencies around the world.
 
shane said:
Out of interest, I wonder how the rise of Bitcoin has affected the price of bank shares and currencies around the world.
Click to expand...

The types of % gains you are seeing in the crypto world is unheard of in any other business! so clearly people are curious and shifting if they can.
 
I know that this is not unusual in the world of Bitcoin, but it lost 20% of its value in the last two days!
 
shane said:
I know that this is not unusual in the world of Bitcoin, but it lost 20% of its value in the last two days!
Click to expand...

It should lose even more, hopefully. This type of growth wasn't healthy to begin with. Still if you look at the progress of whole week, Bitcoin is still +30%

Bitcoin is an idea. It's not some kind of a scheme. So Bitcoin might die out but the idea will live on. Bitcoin had massive losses in the past for eg in 2013.

We are still in the beginning of all this. People should stop wasting their time by looking at the charts daily and instead educate themselves about all this.

Video 1: What Is Bitcoin & Why Should You Care?

https://www.youtube.com/watch?v=NKSQdhxnvCc

Video 2: The real value of bitcoin and crypto currency technology
https://www.youtube.com/watch?v=YIVAluSL9SU

Video 3: Bitcoin Is Independent Money
https://www.youtube.com/watch?v=EzFOwFXlR48

Video 4: Bitcoin 101 - Balaji Srinivasan
https://www.youtube.com/watch?v=JIxwTx7o_B4

https://en.bitcoin.it/wiki/Main_Page
 
Sirris said:
It should lose even more, hopefully. This type of growth wasn't healthy to begin with. Still if you look at the progress of whole week, Bitcoin is still +30%

Bitcoin is an idea. It's not some kind of a scheme. So Bitcoin might die out but the idea will live on. Bitcoin had massive losses in the past for eg in 2013.

We are still in the beginning of all this. People should stop wasting their time by looking at the charts daily and instead educate themselves about all this.

Video 1: What Is Bitcoin & Why Should You Care?

https://www.youtube.com/watch?v=NKSQdhxnvCc

Video 2: The real value of bitcoin and crypto currency technology
https://www.youtube.com/watch?v=YIVAluSL9SU

Video 3: Bitcoin Is Independent Money
https://www.youtube.com/watch?v=EzFOwFXlR48

Video 4: Bitcoin 101 - Balaji Srinivasan
https://www.youtube.com/watch?v=JIxwTx7o_B4

https://en.bitcoin.it/wiki/Main_Page
Click to expand...

Thanks for a helpful post on this topic. I have not invested anything in bitcoin but I would like to know more about this subject.
 
Bhaag Viru Bhaag said:
From where did you buy those? Zebpay?
Click to expand...

Where are you based? India?

This website is a good guide to choose the platform best suited to you.

https://www.buybitcoinworldwide.com

Just chose your country of stay and payment method. The website also has simple and practical informations for beginners. Make sure to read about how to secure the coin:
https://www.buybitcoinworldwide.com/#secure-your-coins

Don't rush in and make a hasty decision. I'd wait a little since I think the price will correct itself and will go further down. This current price has only been around since a couple of days and is most probably caused by constant media hype coupled with christmas season.

Following is a good post about the current situation that I came across at https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/

don't invest recklessly said:
The Bitcoin price is on an unbelievably ridiculous upswing which is rather likely to be a bubble. If you're trying to get rich quick by dumping your retirement funds into BTC at $10k, then your "investment strategy" is not much better than someone betting everything on a game of roulette. High-risk-high-reward investing is not necessarily bad, but you have to seriously look at your thought process to make sure that you're not:


Being blinded by dreams of getting rich quickly, similarly to people who dump money on very-negative-EV lottery tickets.
Getting wrapped up in "HODL" memes, reddit comments, and other groupthink, which is sometimes fun, but absolutely the last appropriate source of investment advice.
Acting based on panic thinking like, "OMG the price is going to $1 million and I will miss my chance forever if I don't buy right now" or "OMG the price is going to $0.01 and I will miss my chance forever to retain some value if I don't sell right now".


Investing more than you can afford to lose. Bitcoin is HIGHLY, HIGHLY speculative. No investment advisor would tell you to put all of your life savings into MSFT or whatever, and MSFT has a market cap 4x larger than Bitcoin. Although I believe that it is very unlikely, there are several ways in which the value could drop precipitously, even to zero. For example, there is no mathematical proof that the cryptographic algorithms used in Bitcoin are actually secure -- they are merely believed to be secure because nobody has been able to break them after many years of intense scrutiny. (I'm not here recommending "diversifying" into altcoins -- altcoins are almost all complete trash, and price-wise they follow BTC but with even more volatility, so they're not really useful for diversification.)


It is entirely possible that the massive price increase of the last year is based on lasting fundamentals. In addition to things like the fairly recent subsidy halving, the defeat of B2X, etc., the world fiat-based economy is in many ways on very shaky ground, and getting worse all the time. There are many good reasons why BTC should have a larger market cap than every fiat currency combined. It's even possible that the price will increase quite a bit more from now. But for goodness sake, don't think that Bitcoin is the first-ever infinite-money generator that will continue to rise exponentially forever (in real terms). I can nearly guarantee that there will be a large and long-lasting crash/downturn at some point. Maybe it will be $10k to $5k, maybe it will be $50k to $30k, who knows. But if you're thinking for example that the current $5k+ price range is absolutely secure after only existing for a few months, then you're traveling blind through very dangerous territory.

Some points to consider:

Buying near the ATH is very risky, and while it can be correct/profitable, it puts you on the wrong footing. You need to buy low and sell high to make money.


On 2013-11-29 (exactly 4 years ago) the peak ATH hit $1163, and then fell to $152 by 2015-01-13. That's a drop of 86.9%. Imagine this happens again: The price drops sharply to $2000 or something and then just continuously decreases down to a low of $1,432 (an 86.9% reduction from today's ATH) over the course of a whole year. I'm not saying that this will happen, but it's happened once and it can happen again. Could you survive this?


Bitcoin is experimental, and it is probably imprudent for someone who is not a true believer in the soul of Bitcoin to invest a lot into it. For example, I personally wouldn't invest more than a few percent of my total assets into ETH even if I felt very confident that it would rise in price because I simply don't believe in its philosophy or long-term value.


To reduce risk, it is frequently recommended to allocate assets by percentage, and rebalance upon large price movements. Eg. If you previously decided that you want to allocate 50% of your wealth in BTC (because you are a super big true believer), but BTC is now 90% of your wealth because the price increased so much, it may generally be advisable to start selling to rebalance your BTC allocation back down to 50%. I'm not saying that it is always absolutely wrong to have 90% of your assets in BTC or whatever, but it should be because you are intentionally choosing to do so, not because the price got away from you and you never really considered that you now have 90% of your wealth riding on one thing.
Avoid panic buys and panic sells. Dollar-cost-averaging over a long period of time is often a good strategy.


Nothing rises in real value to infinity. That's impossible. It is possible that 1 BTC could someday be worth infinite dollars, but that just means that dollars are worthless in that hypothetical scenario. BTC probably does have plenty of room to grow in real value before it completely takes over the world, but keep in mind that there is a ceiling.


If BTC were to reach values like $100k-$250k, that'd probably cause/imply that the prevailing economic regime has completely fallen apart. At some point in that price area, people around the world would probably lose substantial faith in fiat currencies. A good result, but ask yourself: do you expect the prevailing economic regime to go down easily?
I'm not telling you to buy or sell, and I'm not giving financial advice here. I'm just urging everyone to think rationally, not emotionally or recklessly.
Click to expand...

I wish you a successful research on this topic.
 
Bhaag Viru Bhaag said:
How to start investing in crypto currency? Any guide for noobs? Don't have money to buy bitcoin but can start with some altcoins like Neo, Ripple etc.
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I assume you are an Indian living in India
http://www.bitcoinrates.in , see this website for knowing the best Bitcoin buying price (lowest) and highest selling price (highest) in India

The oldest and popular place to buy bitcoin in India are http://zebpay.com and http://unocoin.com
Process for Zebpay
**********
Zebpay.com (Ahmedabad based company) is only via Mobile App (not through website)
>Goto Google playstore(android) and download Zebpay and install
>Upload your PAN card scanned copy, your Bank details, address proof , and wait for account to be approved
Mine was approved in like 2 hours, i have heard due to mad rush now they taking like 2 to 5 days for approval
>Through IMPS/NEFT Bank Transfer, transfer money from your bank account (same which you have entered and authenticated with the app.), zebpay will typically add that money into your zebpay wallet typically within 10 minutes to 2 hours (no % commission is deducted)
If you transferred Rs 100000, you get Rs 100000 in your zebpay wallet
>Once your wallet is loaded, you go ahead and buy Bitcoin at prevalent rate

**********
Unocoin.com is also same - via website
Upload PAN card, Aadhar, Bank account details, address details and wait for account authentication

It's not possible to buy Bitcoin in Cash, only through Bank Transfers.

For bitcoin through cash purchase - http://localbitcoins.com (also Paxful) , but its all doing shady transactions with people you dont know. You can be scammed. Totally NOT recommended.


Once you have Bitcoin in your Zebpay or Unocoin wallet, you can send them to any wallet, hold them, purchase other crypto.

Bitcoin Purchase through Creditcard:
http://Cex.io
Typically they charge like 6 to 7% on your wallet loads
Over this 7%, if you use your Indian creditcard - your bank will be charged like 3% on USD<>INR
so you loose like 9% to 10%.
Many companies are there, google is your friend

http://koinex.in is a new Indian crypto exchange, where you can directly purchase other crypto like Ethereum, Litecoin, Ripple
 
adwords said:
I assume you are an Indian living in India
http://www.bitcoinrates.in , see this website for knowing the best Bitcoin buying price (lowest) and highest selling price (highest) in India

The oldest and popular place to buy bitcoin in India are http://zebpay.com and http://unocoin.com
Process for Zebpay
**********
Zebpay.com (Ahmedabad based company) is only via Mobile App (not through website)
>Goto Google playstore(android) and download Zebpay and install
>Upload your PAN card scanned copy, your Bank details, address proof , and wait for account to be approved
Mine was approved in like 2 hours, i have heard due to mad rush now they taking like 2 to 5 days for approval
>Through IMPS/NEFT Bank Transfer, transfer money from your bank account (same which you have entered and authenticated with the app.), zebpay will typically add that money into your zebpay wallet typically within 10 minutes to 2 hours (no % commission is deducted)
If you transferred Rs 100000, you get Rs 100000 in your zebpay wallet
>Once your wallet is loaded, you go ahead and buy Bitcoin at prevalent rate

**********
Unocoin.com is also same - via website
Upload PAN card, Aadhar, Bank account details, address details and wait for account authentication

It's not possible to buy Bitcoin in Cash, only through Bank Transfers.

For bitcoin through cash purchase - http://localbitcoins.com (also Paxful) , but its all doing shady transactions with people you dont know. You can be scammed. Totally NOT recommended.


Once you have Bitcoin in your Zebpay or Unocoin wallet, you can send them to any wallet, hold them, purchase other crypto.

Bitcoin Purchase through Creditcard:
http://Cex.io
Typically they charge like 6 to 7% on your wallet loads
Over this 7%, if you use your Indian creditcard - your bank will be charged like 3% on USD<>INR
so you loose like 9% to 10%.
Many companies are there, google is your friend

http://koinex.in is a new Indian crypto exchange, where you can directly purchase other crypto like Ethereum, Litecoin, Ripple
Click to expand...

Pls check tax implications thoroughly before investing
 
MenInG said:
Pls check tax implications thoroughly before investing
Click to expand...
In India, this is the tax structure
Yearly Income up to Rs 2,50,000- No tax
Income from Rs 2,50,000 – Rs 5,00,000 == 5%
Income from Rs 5,00,000 – 10,00,000 == 20%
Income more than Rs 10,00,000 == 30%

You pay tax WHEN YOU SELL IT AND MONEY COMES IN THE BANK, there is no tax if you are HOLDING it
Any Gains with Crypto currency, pay tax according to above structure. If you made profits nothing harm paying taxes
 
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">People are taking out mortgages to buy bitcoin, says securities regulator <a href="https://t.co/C3MhkOO7mu">https://t.co/C3MhkOO7mu</a></p>— CNBC (@CNBC) <a href="https://twitter.com/CNBC/status/940312791155707905?ref_src=twsrc%5Etfw">December 11, 2017</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

This doesn't seem like a very good idea tbh.
 
adwords said:
In India, this is the tax structure
Yearly Income up to Rs 2,50,000- No tax
Income from Rs 2,50,000 – Rs 5,00,000 == 5%
Income from Rs 5,00,000 – 10,00,000 == 20%
Income more than Rs 10,00,000 == 30%

You pay tax WHEN YOU SELL IT AND MONEY COMES IN THE BANK, there is no tax if you are HOLDING it
Any Gains with Crypto currency, pay tax according to above structure. If you made profits nothing harm paying taxes
Click to expand...
That is income tax, BTC will probably attract capital gains AFAIK & that's taxed very heavily.
 
Litecoin is on fire
https://coinmarketcap.com/currencies/litecoin/
$80 to $240 in like 4 days

IMHO> Anybody is on fence and want to take the crypto investment medicine, take aside money from your wealth which "YOU CAN AFFORD TO LOOSE"
Invest that money, build a crypto portfolio and forget it for like 1 to 2 years
XXX Money to Invest
25% = Bitcoin
15% = Litecoin
15% = IOTA
15% = Ripple
15% = Ethereum
15% = Dash

Only invest your own money, which are can afford to loose
 
Any recommendations on investing in some ALT coins which are affordable to buy plus futre prospects? ICOs?
 
hello143 said:
Any recommendations on investing in some ALT coins which are affordable to buy plus futre prospects? ICOs?
Click to expand...

Forget the ICOs. I wouldn't waste time on them.

I can see LTC going 1k+ since BTC is going 10k+. All the new money in BTC won't going out if the system without first flowing into LTC. LTC because is available on all the popular exchanges especially coinbase.

My personal favorite is VTC, because their team is serious about their goals and has been steadily working on it since 2014. Problem with VTC atm is that it's not easy for newbs to acquire it since there is no USD/VTC exchange and it's only available on handful of exchanges with bittrex being the most popular. Still I can see VTC growing long-term wise.

Most of the other alts I don't care or know much because for me to throw my money at some coin I have to thoroughly look it up and don't just buy into the Twitter or YouTube hype. Coins like IOTA or XMR have been doing great recently but I am still not ready to buy in.
 
What I like to is I go to coinmarketcap.com search the coin I am interested in and look up their social media feed available via coinmarketcap.com.

I see if people are just hyping up the coin or are really rational in their approach and discussing issues the coin is facing.
 
adwords said:
Litecoin is on fire
https://coinmarketcap.com/currencies/litecoin/
$80 to $240 in like 4 days

IMHO> Anybody is on fence and want to take the crypto investment medicine, take aside money from your wealth which "YOU CAN AFFORD TO LOOSE"
Invest that money, build a crypto portfolio and forget it for like 1 to 2 years
XXX Money to Invest
25% = Bitcoin
15% = Litecoin
15% = IOTA
15% = Ripple
15% = Ethereum
15% = Dash

Only invest your own money, which are can afford to loose
Click to expand...

I believe this is very very sound advice.

Calculative and smart.

Know a guy who has $5 million in bitcoin but he invested a couple of years back. Many are investing in it right now.

From what I have read, I am becoming convinced that bitcoin being in a massive bubble will crash for sure (when is the question) and may or may not stabilize but I hear the block chain technology here to stay.

RBI has issued warnings about bitcoins like 3 times now. Using bitcoin for payment is banned in India as of now. What is to stop other countries from doing the same?

What could happen is that governments could bring in their own crypto currencies which will be regulated and stable (with mining banned) and they will be used for quick & easy transfer. Or it could be that all the current coins (bitcoins, alt coins) after crashing down become heavily regulated in the future. I am a bit hazy on this.

Will be interesting to see the developments.
 
https://www.cnbc.com/2017/12/11/peo...n-says-joseph-borg.html?__source=twitter|main

Bitcoin is in the "mania" phase, with some people even borrowing money to get in on the action, securities regulator Joseph Borg told CNBC on Monday.

"We've seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines," said Borg, president of the North American Securities Administrators Association, a voluntary organization devoted to investor protection. Borg is also director of the Alabama Securities Commission.

"This is not something a guy who's making $100,000 a year, who's got a mortgage and two kids in college ought to be invested in."

Bitcoin has been soaring all year, starting out at $1,000 and rocketing above $19,000 on the Coinbase exchange last week. The price on Coinbase, which accounts for a third of bitcoin trading value, is often at a premium over other exchanges.

The cryptocurrency was trading at just under $16,700 on Coinbase at 2:21 p.m. New York time Monday.

"You're on this mania curve. At some point in time there's got to be a leveling off. Cryptocurrency is here to stay. Blockchain is here to stay. Whether it is bitcoin or not, I don't know," Borg said in an interview with "Power Lunch."

He also doesn't think futures contracts legitimize the digital currency.

Bitcoin futures, trading under the XBT ticker symbol, debuted on the Cboe futures exchange on Sunday night. The CME plans to launch its bitcoin futures Dec. 18.

While futures contracts are regulated, bitcoin itself is not. Borg said that's because innovation and technology always outrun regulation.
"As [technology] continues to accelerate and continues to increase, regulators have got to understand what it is that the innovation's coming up with and we're still trying to get educated," he said.

"We're looking at it from a money transmission point of view but that doesn't cover the entire bitcoin space."
 
Adwords has given sound advice.

Diversification is important for any investment opportunity especially one as volatile as cryptocurrencies. Throwing money at one coin is gambling not investing.
 
[MENTION=144682]Sirris[/MENTION] or anyone else around here used Coinbase? Seems to be one of the biggest brokers around but they also seem to attract a lot of negative review.

As a noob who is potentially looking at getting involved in Bitcoins, Litecoins etc. any advice?

Back in 2013 one of my friends was trying to convince me to invest £100 into Bitcoins and I thought he was being stupid....

...guess I am the one who ends up looking dumb :msd
 
Past 7 days i have been able to more than DOUBLE my crypto portfolio by just Leveraging the power of Arbitrage (without buying or selling any of my crypto holdings )
Enter the wallet system of http://www.exodus.io, its a software program wallet that installs wallets in your own PC (with excellent foolproof backup system)
It gives you wallets for popular coins like BTC, LTC, Ripple, ETH, Bitcoin cash etc in a SINGLE ACCOUNT
You purchase your Bitcoins from anyof the big exchanges, and transfer your bitcoin to your Exodus
Then follow the hype amoung the BIG cryptos (BTC, LTC, Ripple, ETH, Bitcoin cash)
In Exodus - you can EXCHANGE your cryptos internally (btc<>ltc<>eth etc etc) without any physical outside banking transactions
when LTC was like 120, I was pretty sure LTC will go till atleast 300 to 500 - i shifted almost 80% of my BTC to LTC
https://coinmarketcap.com/currencies/litecoin/
Now LTC is at 305
during the phase of LTC going from 120 to 305 , BTC hardly varied from 15000 to 17000
Anytime now i will exchange back LTC holdings to BTC, portfolio effectively become double without selling any $1
 
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TalhaSyed said:
[MENTION=144682]Sirris[/MENTION] or anyone else around here used Coinbase? Seems to be one of the biggest brokers around but they also seem to attract a lot of negative review.

As a noob who is potentially looking at getting involved in Bitcoins, Litecoins etc. any advice?

Back in 2013 one of my friends was trying to convince me to invest £100 into Bitcoins and I thought he was being stupid....

...guess I am the one who ends up looking dumb :msd
Click to expand...

I'd use this website to look up the best exchanges for your country: https://www.buybitcoinworldwide.com

Personally I have zero issues with coinbase. On the contrary I am pretty impressed. My money arrived at coinbase the very next day even though I sent the money just the night before.

Another positive about coinbase is that its verification process isn't all too long or complicated, you just have to scan you ID or even driver's license. While with other exchanges such as bitfinex you have to upload a lot of documents including your current address of residency.

The "negative" is that coinbase only offers BTC, ETH and LTC. Which is actually a good thing for a newbie since you won't risk putting your money in some scamcoin.

I'd do the following to get the most out of your investment with the least amount of transaction fees:

- Registriere at coinbase

- send money to your coinbase account

- sign in at gdax.com it's a marketplace belonging to coinbase. You can buy btc from coinbase but you have to pay some fees. With gdax it's like trading and if you place a trade order which is accepted by another trader than you pay no fees. Your money at coinbase is also available at gdax

-on gdax don't buy from market, instead place a limit buy order. Where you can set your own buying price and a real person which is looking to sell would have to accept it. Usually if you want to buy immediately than you'd set the current trading price.

I usually don't buy for the current trading price. Let's say btc is trading at $15k/coin and I want to invest $500 what I like to do is that I place 5 buying orders for $100 each and vary the price. Like $14.9k, $14.8, 14.5k etc. This way I can lower the average buying price. The order won't fill in straight away since the trading price has to go down first but everything goes down.

Just use common sense, because if you place an order of $5k / coin it won't get filled for a long time or perhaps never.

THE MOST IMPORTANT THING: after buying BTC send your BTC to your wallet. Preferably Android wallet. You can just leave your Btc on any exchange. Because in an event of a hack you could end up losing your coin. While stealing your btc from your Android wallet is only possible if you stupidly give it away.

Here you can read more about wallets
https://www.buybitcoinworldwide.com/wallets/android/

I haven't bought any btc since a month and it's possible the the fees to transfer your btc from an exchange to another wallet are high.
 
Diversification is a double edge sword though it sounds good in theory.

My approach to diversification was very conservative such that I didnt just buy a bit of top 10 coins because it seems like the logical thing to do. Instead I did a lot Information gathering before making any decision.

Even though I am in profit in all of my investments had I stayed in BTC only vI'd have made a lot more profit.

I do recommend looking in to one or two other currencies but don't over do it and do some research beforehand. Top 10 coins aren't promised to remain top 10 in next few years.

If an armageddon style of BTC crash ever happens you can be sure that 99% of other coins would crash along btc too. So you shouldn't consider investing in other coins just to have a back up for when btc crashes. One of the reasons is that for 99% of altcoins you cant buy them directly for USD and have to buy them by buying btc first. That's why BTC has such a strong dominance.
 
[MENTION=144682]Sirris[/MENTION] & [MENTION=29232]adwords[/MENTION]
any advice of which to buy? I started off with Litecoin, now I have ETH, Bitcoin and XRP along with Litecoin in my Exodus Eden wallet - any other to keep an eye out for?
 
BTC, Eth, XRP, LTC are great buys, nothing more to add
do not put all your long term crypto portfolios in online wallets or software wallets, if you are for the long haul - then buy hardware wallets like LEDGER NANO or TREZOR and store the cryptos there
maybe 70 to 80% of your portfolio you transfer to hardware wallets, and the rest 20 to 30% - if you got time on a computer, do trading and arbitrage
for eg: right now Electroneum (ETN) and Neo are good for trading (maybe 4-5 days and take profits and convert back to BTC)
(btw, electroneum wallets open yesterday and people are doing great arbitrage at http://cryptopia.co.nz where ETN is listed)
 
adwords said:
BTC, Eth, XRP, LTC are great buys, nothing more to add
do not put all your long term crypto portfolios in online wallets or software wallets, if you are for the long haul - then buy hardware wallets like LEDGER NANO or TREZOR and store the cryptos there
maybe 70 to 80% of your portfolio you transfer to hardware wallets, and the rest 20 to 30% - if you got time on a computer, do trading and arbitrage
for eg: right now Electroneum (ETN) and Neo are good for trading (maybe 4-5 days and take profits and convert back to BTC)
(btw, electroneum wallets open yesterday and people are doing great arbitrage at http://cryptopia.co.nz where ETN is listed)
Click to expand...

been taking your advice on-board in regards to exchanging via Exodus - XRP going great today!
Looking into Ledger Nano S
BTW, which exchange would you recommend if I want to cash out? I used Coinbase to start off with, but their deposit and withdrawal to UK bank accounts take ages
 
Ledger Nano hardware wallet seems to be better in terms of multiple wallet compare to Trezor, it has support for Ripple wallet and few other coins (which trezor currently dont have)
There is a rumour going on that Ripple will be listed at Coinbase, so it is on Fire (personally, i dont believe the rumour)
I dont live in the UK or US, so have no idea with Crypto exchanges in UK/US and bank deposits in UK/US questions
 
This thing is spreading fast even in Pakistan. My dumb friends are coming upto me and asking if its good to invest in bitcoins. Its not healthy to invest anymore. Its in boom and may go down from here. However its form would be interesting then.

Also, no body is realizing that this whole thing is driven over cryptographic hash function. Which is theoretically unbreakable but with growing power esp. specifically huge computational units are expected to end up decoding a way around someday crashing the whole system within a blink of eye. We had such accidents in past where DES was compromised leasing to development and acceptance of Rijndael as AES. Its only a matter of time. Who knows that US DoD may have worked it out already.
 
DonJee said:
been taking your advice on-board in regards to exchanging via Exodus - XRP going great today!
Looking into Ledger Nano S
BTW, which exchange would you recommend if I want to cash out? I used Coinbase to start off with, but their deposit and withdrawal to UK bank accounts take ages
Click to expand...

Localbitcoins my friend.
 
Ledger Nano S is a very good choice. It supports lot more coins than the alternatives, is easy to use and consistently improving.
 
maxamax said:
This thing is spreading fast even in Pakistan. My dumb friends are coming upto me and asking if its good to invest in bitcoins. Its not healthy to invest anymore. Its in boom and may go down from here. However its form would be interesting then.

Also, no body is realizing that this whole thing is driven over cryptographic hash function. Which is theoretically unbreakable but with growing power esp. specifically huge computational units are expected to end up decoding a way around someday crashing the whole system within a blink of eye. We had such accidents in past where DES was compromised leasing to development and acceptance of Rijndael as AES. Its only a matter of time. Who knows that US DoD may have worked it out already.
Click to expand...

I heard that their is our own Pakistani crypto coin called Firstcoin. Make sure none of your friends fall for this scam.

Bitcoin is just the tip of the ice berg. This idea is spreading like wildfire and is hard to stop.
 
Sirris said:
I heard that their is our own Pakistani crypto coin called Firstcoin. Make sure none of your friends fall for this scam.

Bitcoin is just the tip of the ice berg. This idea is spreading like wildfire and is hard to stop.
Click to expand...

Yes I have also met a few Pakistanis really pushing for Firstcoin. They also mentioned an event held in Phuket recently as well. So it is definitely a scam?
 
Sirris said:
I heard that their is our own Pakistani crypto coin called Firstcoin. Make sure none of your friends fall for this scam.

Bitcoin is just the tip of the ice berg. This idea is spreading like wildfire and is hard to stop.
Click to expand...

It would fall down, just like Tor Network.
 
Returned from a tour of south east asia with money from bitcoin, but now regretting that I should have waited longer.
 
Snak3eye5 said:
Yeah the bubble has to break at some point. I see it all crashing soon in the distant future..
Click to expand...

This bubble will need some bursting! I would suggest that those who are forecasting bubble bursting etc are probably gutted that they didnt make money on this
 
Bitcoin crashed almost 12% yesterday, mostly because BitcoinCash (group which breakaway from BTC recently) listed on Coinbase
meanwhile BitcoinCash rise almost 70%
 
IMO, next 10 days Bitcoin will be very volatile. Could fall to 12K and then back to 20K, or the opposite way, first to 20-22K and then bigger correction to 12-14K
Whales are running the dirty BitcoinCash<>BTC game, trying to pump and dump BitcoinCash to get more BTC
 
adwords said:
IMO, next 10 days Bitcoin will be very volatile. Could fall to 12K and then back to 20K, or the opposite way, first to 20-22K and then bigger correction to 12-14K
Whales are running the dirty BitcoinCash<>BTC game, trying to pump and dump BitcoinCash to get more BTC
Click to expand...

adwords said:
Past 7 days i have been able to more than DOUBLE my crypto portfolio by just Leveraging the power of Arbitrage (without buying or selling any of my crypto holdings )
Enter the wallet system of http://www.exodus.io, its a software program wallet that installs wallets in your own PC (with excellent foolproof backup system)
It gives you wallets for popular coins like BTC, LTC, Ripple, ETH, Bitcoin cash etc in a SINGLE ACCOUNT
You purchase your Bitcoins from anyof the big exchanges, and transfer your bitcoin to your Exodus
Then follow the hype amoung the BIG cryptos (BTC, LTC, Ripple, ETH, Bitcoin cash)
In Exodus - you can EXCHANGE your cryptos internally (btc<>ltc<>eth etc etc) without any physical outside banking transactions
when LTC was like 120, I was pretty sure LTC will go till atleast 300 to 500 - i shifted almost 80% of my BTC to LTC
https://coinmarketcap.com/currencies/litecoin/
Now LTC is at 305
during the phase of LTC going from 120 to 305 , BTC hardly varied from 15000 to 17000
Anytime now i will exchange back LTC holdings to BTC, portfolio effectively become double without selling any $1
Click to expand...

How do you know about these trends?

Do you invest in some financial newsletters like Palm Beach Research Group?
 
I was a complete noob in Crypto currency back in August 2017 when i made my 1st Bitcoin investment (just 5 months back)
When BTC started rising, i was curious and read 2 books to know more about it
Mastering Bitcoin for Dummies
Mastering Bitcoin: Programming the Open Blockchain

When BTC reached $10K 2 months back , i became more curious - got access to some paid crypto courses (through my friends)
I joined many Facebook groups about Crypto
Follow and read daily 10 Genuine Twitter accounts about crypto.
Also read forums at http://bitcointalk.org
Also joined some 3-4 good Telegram groups about Crypto
I read for 2-3 hours daily online about crypto currencies
Just 10 days back, i subscribed to a Paid Tips Telegram channel just for my curiosity to see whats going on with Trading

For eg: there was a strong rumour for past 1 week about some new coins getting listed on Coinbase, people were speculating about BitcoinCash & Ripple
What happened with Bitcoin and BitcoinCash right now was going to happen, if you were smart to read between those coinbase indicators for past 1 week
 
adwords said:
I was a complete noob in Crypto currency back in August 2017 when i made my 1st Bitcoin investment (just 5 months back)
When BTC started rising, i was curious and read 2 books to know more about it
Mastering Bitcoin for Dummies
Mastering Bitcoin: Programming the Open Blockchain

When BTC reached $10K 2 months back , i became more curious - got access to some paid crypto courses (through my friends)
I joined many Facebook groups about Crypto
Follow and read daily 10 Genuine Twitter accounts about crypto.
Also read forums at http://bitcointalk.org
Also joined some 3-4 good Telegram groups about Crypto
I read for 2-3 hours daily online about crypto currencies
Just 10 days back, i subscribed to a Paid Tips Telegram channel just for my curiosity to see whats going on with Trading

For eg: there was a strong rumour for past 1 week about some new coins getting listed on Coinbase, people were speculating about BitcoinCash & Ripple
What happened with Bitcoin and BitcoinCash right now was going to happen, if you were smart to read between those coinbase indicators for past 1 week
Click to expand...

Was watching the action live on gdax last night, nearly gave me a heart attack the bloody thing, was going to sell LTC but just about convinced myself that this will be over soon and ti was. Litecoin dropped to 270 in a matter of seconds, same with ETH, they're both back to normal now!
Have added Ripple, EOS, XVG & Neo to my portfolio with the profits thus far!
 
adwords said:
I was a complete noob in Crypto currency back in August 2017 when i made my 1st Bitcoin investment (just 5 months back)
When BTC started rising, i was curious and read 2 books to know more about it
Mastering Bitcoin for Dummies
Mastering Bitcoin: Programming the Open Blockchain

When BTC reached $10K 2 months back , i became more curious - got access to some paid crypto courses (through my friends)
I joined many Facebook groups about Crypto
Follow and read daily 10 Genuine Twitter accounts about crypto.
Also read forums at http://bitcointalk.org
Also joined some 3-4 good Telegram groups about Crypto
I read for 2-3 hours daily online about crypto currencies
Just 10 days back, i subscribed to a Paid Tips Telegram channel just for my curiosity to see whats going on with Trading

For eg: there was a strong rumour for past 1 week about some new coins getting listed on Coinbase, people were speculating about BitcoinCash & Ripple
What happened with Bitcoin and BitcoinCash right now was going to happen, if you were smart to read between those coinbase indicators for past 1 week
Click to expand...

Thank you mate.
 
adwords said:
I was a complete noob in Crypto currency back in August 2017 when i made my 1st Bitcoin investment (just 5 months back)
When BTC started rising, i was curious and read 2 books to know more about it
Mastering Bitcoin for Dummies
Mastering Bitcoin: Programming the Open Blockchain

When BTC reached $10K 2 months back , i became more curious - got access to some paid crypto courses (through my friends)
I joined many Facebook groups about Crypto
Follow and read daily 10 Genuine Twitter accounts about crypto.
Also read forums at http://bitcointalk.org
Also joined some 3-4 good Telegram groups about Crypto
I read for 2-3 hours daily online about crypto currencies
Just 10 days back, i subscribed to a Paid Tips Telegram channel just for my curiosity to see whats going on with Trading

For eg: there was a strong rumour for past 1 week about some new coins getting listed on Coinbase, people were speculating about BitcoinCash & Ripple
What happened with Bitcoin and BitcoinCash right now was going to happen, if you were smart to read between those coinbase indicators for past 1 week
Click to expand...

Could you list the Telegram groups? I am only interested in those who are open and free and don't ask for money for special premium signal tips.

Guys look up GRS and VTC. Both coins are worth having a look at and holding longterm.
 
There's another hard fork on the 28th December so I'm expecting BTC to be around 24k+ by then. BCH is a pump and dump centralised scam coin, useful for quick bucks but Ver and Wu are manipulating the market and the loser is the crypto community.
 
DonJee said:
Was watching the action live on gdax last night, nearly gave me a heart attack the bloody thing, was going to sell LTC but just about convinced myself that this will be over soon and ti was. Litecoin dropped to 270 in a matter of seconds, same with ETH, they're both back to normal now!
Have added Ripple, EOS, XVG & Neo to my portfolio with the profits thus far!
Click to expand...

NEO is a good coin to hold for longterm. Just the fact alone that it's a Chinese coin and Chinese people their stuff over western.

Look up Vechain it is currently trading at 8k sats and has just recently announced partnership with China. Just look at their development team:

https://youtu.be/JSOpEXe-Pn8

They look ready for some serious business.
 
Asif khan said:
There's another hard fork on the 28th December so I'm expecting BTC to be around 24k+ by then. BCH is a pump and dump centralised scam coin, useful for quick bucks but Ver and Wu are manipulating the market and the loser is the crypto community.
Click to expand...

What? When was the recent hardfork announced?
 
Sirris said:
What? When was the recent hardfork announced?
Click to expand...

Segwit2x which got cancelled in November is back on 28th december and every owner is promised 1:1. There's been a lot of tethers printed this week so a bull run is going to start later this week IMHO.
 
Sirris said:
NEO is a good coin to hold for longterm. Just the fact alone that it's a Chinese coin and Chinese people their stuff over western.

Look up Vechain it is currently trading at 8k sats and has just recently announced partnership with China. Just look at their development team:

https://youtu.be/JSOpEXe-Pn8

They look ready for some serious business.
Click to expand...

I can't agree more.
 
Ripple finally made it to 1$ today. If only I knew about bit coin 3 years ago and convinced me to get some ....No one I knew was talking about it unlike the last few months once the hype kicked in...
 
Ok guys I have some serious stuff to share. Look at this guy named "alanmaster" on tradingview

https://www.tradingview.com/u/alanmasters/

I know him since a few days. I have looked up all this suggestions and to my surprise each and every coin he has been suggesting has seen an upwards trend. Just as a small example he predicted the Ripple's upwards surge. He claims to make this suggestion based on technical analysis of the charts. I am not at all well versed in reading charts but this stuff is boggling my mind. How can this be? So many good "predictions"

What I also like about him is his general approach and the advice he gives out. Such us to play the long term game and not look for short profits. Like this post:

https://www.tradingview.com/chart/LTCBTC/Yb63wOEh-Strategy-How-To-Make-Fast-Profit-For-Beginners/


At the same time he recently did suggested a handful of coins that i would call shitcoin. Like FoldingCoin or DigitalNote. Especially when i looked up DigitalNote I found out that there dev team is long gone and their is no development happening.

I mean does this guy have inside knowledge about the next pump or is the mere fact that he suggests a certain coin causing all his followers to go on to buy them which then causes the coin to rise.

I am a bit torn apart about how to take his suggestions but I am going to keep an eye on this. Just be careful all the titles are were shining with 1000+ profit.
 
Sirris said:
Roger Ver just tweeted about VeChain. Not sure if it's a good thing or a bad thing. Since every type of attention is good I would say it's a good thing.
Click to expand...

Any publicity is good so I'm pretty sure it will do boom. Another person to follow these days is John Mcafee, he's been tweeting quite a bit about decent altcoins recently. After the tweet, the altcoin usually rises 100%+ within a day or so.
 
Bitcoin Price Drops Below $14,000 as Cryptocurrency Competition Heats Up

Cryptocurrency bitcoin tumbled below $14,000 briefly on the Bitstamp exchange on Friday, down roughly 30% from its record top near $20,000 set at the start of the week.

It was last down 7% at $14,499 but fell as much as 14.7% earlier in the Asian day.

The cryptocurrency, which was at about $1,000 at the year’s start, had surged to a record high of $19,666 on Sunday in the lead up to exchange giant CME Group’s launch of its bitcoin futures. It has since lost about a third of its value.

“Keep in mind that bitcoin has gone up a lot this year, so a correction is always likely,” said Shane Chanel, equities and derivatives adviser at ASR Wealth Advisers in Sydney.

Bitcoin‘s success brought cryptocurrencies to the forefront and has also boosted the profile of its rivals, which offer alternatives to bitcoin.

“A lot of the capital is flowing from bitcoin into alternative coins. You’ve seen companies like Verge and Ripple, which are over 400% in the last week,” Chanel at ASR Wealth Advisers said.

Verge and Ripple are among an array of cryptocurrencies that both emulate and compete with bitcoin.

Stephen Innes, head of trading in Asia-Pacific for retail FX broker Oanda in Singapore, said that there have also been moves out of bitcoin into Bitcoin Cash, a clone of the original cryptocurrency. Oanda does not handle trading in bitcoin.

“Most of it is unsophisticated retail traders getting burned badly,” Innes said on bitcoin‘s recent retreat.

Bitcoin is known to go through wild swings. In November, it tumbled almost 30% in four days from $7,888 to $5,555. In September, it fell 40% from $4,979 to $2,972.

“Trading in bitcoin is akin to gambling, so its movements don’t follow logical patterns,” said Takashi Hiroki, chief strategist at Monex Securities in Tokyo.

“Unlike equities and bonds, it is not possible to calculate expected returns on bitcoin, so buying it becomes a gamble rather than an investment.”

While CME and its rival Cboe Global Markets move to list bitcoin futures has given the digital currency some perceived legitimacy, some policymakers remain skeptical.

South Korea’s Financial Supervisory Service said on Tuesday it does not consider bitcoin and other cryptocurrencies to be currencies of any kind.

Japanese Finance Minister Taro Aso said on Tuesday that bitcoin had not been proven as a credible currency.

Source link:http://fortune.com/2017/12/22/bitcoin-price-drop-cryptocurrency-bitstamp/
 
Bitcoin bubble is busted a bit already, down 5000 just today, trading bellow 12000...

This was a big fad, hyped by social media. Block chain is good tech no doubt and is here to stay. But Crypto Crruency is a fad at this point in time.
 
DonJee said:
Not been a good week as a whole unfortunately! Hoping it picks up EOY
Click to expand...

Today it's 13000$ I knew this bubble had to burst sometime. Nothing good lasts forever and it's not real currency...So I hate to say I told you so and all the folks who are taking money out of their retirement funds and mortgaging their homes to buy bitcoin are pretty much going to find themselves in a sad situation. It's not investing. It's gambling. Everyone is just waking up now and being sucked into the hype machine but the real winners are only those that invested 3-4 years ago that did the research and bought bit coins when they were a couple of bucks....Nothing beats a good honest living..
 
Last edited:
The bubble ain't bursting yet guys.

Go and search for the graph on how bubbles pop.

I think bitcoin will hit $25K or even $50K or who knows $100K before crashing for good and bankrupting most (while making some millions).

Only now the great hype has started. We have to wait for stupid people to take loans to start investing in this (started happening). The show must go on for much longer and then the fall happens.

If bitcoin falls now, it's a lost opportunity for the big fishes.

Every time bitcoin falls, it comes back roaring even higher. I think it will happen this time too. And keep happening till the one time (probably next year) after which it will take a descent to madness.
 
Bitcoin rose $300-$400 last minute. lol.

This ain't over.

Fluctuating between $11K to $16K today.

Aside from the money making opportunity, this is absolute **. :))
 
Last edited:
As expected bitcoin is on sale for Christmas.
 
does anyone know how to buy ripple in the UK? I'm on kraken but can only deposit usd or our
 
Gatehub is a good exchange to buy ripple but verification again will take weeks. Not sure what else out there
 
Taarabt said:
does anyone know how to buy ripple in the UK? I'm on kraken but can only deposit usd or our
Click to expand...

Try 'etoro' to purchase Ripple as well as other major Crypto currencies.

Bear in mind, minimum depost initially is around $500 to trade and you will be allowed to trade immediately and purchase Crypto currency. Verfication takes couple of days and their team is quite efficient but you are STILL allowed to trade during this process.

If rumours are to be true, Ripple will be launched on Coinbase platform soon which is a very friendly platform to trade on.

Good Luck.
 
Beware of Etoro's largish commission but then if investment is earning you so much....

XRP continues to go crazy
 
DeadlyVenom said:
Try binance.

Buy btc or eth on coinbase and transfer it over. You'll get hit with feessential though.
Click to expand...


Thanks for the tips guys. Verification for gatehub and etorro is taking a while.

I will use binance, only question is if i wanted to sell how would I convert to pounds and move into a bank account.
 
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