Bitcoins

[johno69]

https://finance.nine.com.au/2017/05/24/13/26/bitcoins-rally-100-in-2010-now-worth-75-million

 

[Scott7]

Crazy! How far will it go before there's a correction?

 

[findtim]

i don't own a single bitcoin, but i watched this a few weeks ago and i think its relavent.
start at 15.15min and go to 18.31min, or watch it all !

i see some history telling the future here
tim

 

[Scott.L]

i don't own a single bitcoin, but i watched this a few weeks ago and i think its relavent.
start at 15.15min and go to 18.31min, or watch it all !

i see some history telling the future here
tim

And... thats just the front cover.

 

[Scott.L]

Crazy! How far will it go before there's a correction?
View attachment 468

2 weeks

 

[Scott7]

2 weeks

And the high and subsequent low, Scott? Or should I call you Rothschild?

 

[snoopy]

Lol what do you think caused that today Scott?

 

[Scott.L]

Lol what do you think caused that today Scott?

Nothing but smart money taking a profit - retrace is healthy, I will say it got a little spooky seeing it go up a flag pole.

 

[findtim]

get your money back and hedge the rest, if it falls over you don't really care.
tim

 

[Scott7]

Freefall time.

 

[findtim]

the first few paragraphs is all you need read
http://www.news.com.au/technology/o...s/news-story/4499a6b055da600e4e1955069ece1658

 

[snoopy]

the first few paragraphs is all you need read
http://www.news.com.au/technology/o...s/news-story/4499a6b055da600e4e1955069ece1658

If they hadn't thrown out the USB they would have sold at 10 cents, 30 cents, $1, $5.....

Lots of these stories going around and not so many of people who have actually made a lot of money.

Hard to hold on when there is no income.

 

[findtim]

there's a saying
"if its on ACA, you are to late"
tim

 

[helloworld]

There was. It's here. From memory, the price was about $120 at the time.

$130

 

[Scott.L]

Crazy! How far will it go before there's a correction?
View attachment 468

2 weeks

The question is what happens in 7 days time?

 

[johno69]

Any recommendations on other crypto coins from you guys in the know?

 

[Scott7]

Any recommendations on other crypto coins from you guys in the know?

Recommendations is a strong word in such a speculative space, but I'll do my best.

In my opinion, the best indicator as to whether a cryprocurrency has a long term future is related uptake and how much they are actually being used and applied to practical purposes. At the moment, I would rate the three leaders in this area as Bitcoin, Ether and Litecoin.

Outside of these three, the one I like is Decred (pronounced Dee-cred, as in, short for decentralised credit). To me, the structure, development and principles behind it seem nicely streamlined and make more sense to me than many of the newer coins that are out there. The official website for it is Decred.org. It launched in February 2016 and was created by some former Bitcoin developers in an attempt to overcome some of the problems that they saw with Bitcoin.

Here is a chart of the price. I think there is plenty of upside, even at the current price. Then again, it is a cryptocurrency, so I could be wrong.

 

[Scott.L]

The question is what happens in 7 days time? View attachment 499

sorry, I forgot to follow up on that comment - this is what happened (new high) and 60 day new high. Thanks China, more please!

 

[findtim]

how "liquid" is the market? how much volume is it turning over daily?

tim

 

[Scott7]

how "liquid" is the market? how much volume is it turning over daily?