The waves are very difficult to follow. I think some of those who are strong advocates of Bitcoin forget this is a very different beasts than a traditional stock market. While in a stock market, you can see the volume being traded, but the average person can't see who is actually trading. With Bitcoin, you can follow the actual transactions. For you and I, this is next to impossible to do. For those who have an army of people (China), they have the means to follow transactions and find out what direction the market is heading on a minute to minute basis. Their goal is to create massive waves and consolidating the wealth.
Had a strong feeling Litecoin would pump. IMO it’s headed to $150 by early 2018. Likes to lag behind bitcoin, but matter of time before it catches up. It’s value is tied to bitcoin, and if bitcoin pumps..
I think this overnight surge is mostly due to the uncertainty around bitcoin right now...money going into other alts and LTC seems like suitable spot. I was debating getting 50 LTC last night at $97, but decided to hold off. Bad move. Ive always been on the LTC bandwagon way more than BTC, so not sure why I hesitated.
I got LC at $86. I'm sold on this stuff. Wait for good values and I'll be adding to my accounts now and throughout 2018.
Yeah I am as well. I got it at around $89. I was going to pick up some more last night around 94 but it was late and i was tired lol...
It’s not a “hot take” You guys are in here hyping each other up while spouting off hackneyed one-liners. Whether any of you like it or not, a contrary opinion was needed so naive posters be careful. That was my entire intention. As far as my knowledge. I do have a much better understanding than you. Whether that sounds douchey to you is not my concern. Four years ago people did miss the very first wave. It ended up not mattering though. Hence my “who really knows” bit. It crashed and came back dozens of time in that timeframe. The difference is, as in any sort of analysis, you can’t gauge future performance based on past precedent. 4 years ago; 2 years ago; earlier this year when I started trading this regularly, the difference between those times and now is the market cap. The market cap in those times grew from a few hundred million to a few billion to about 60 billion in March. Then, this summer the market cap ballooned to about $130 billion. Roughly 6x what it was earlier in the year and there was a big “mini” crash for 1 month. The market cap now is insane. When you see artificial growth like this, early holders will start taking profits. I’d posit (you should be asking me why) the market cap should be closer to $150-200 billion than what it is now, even if it is legitimate new money flooding the market. The best move here for anyone on clutchfans (because I don’t want to see you guys get burned) is to sit on the sidelines and pick things up when there’s a huge dip. Last night was an example of one. You could have scored anywhere from 30-80% returns in one day if you played your cards right. But keep the majority of your money on the sidelines atm. If you don’t, you will be holding a bag at some point. Then you’re going to look at yourself long and hard and actually test your belief in crypto when you’ve lost 70% of your “portfolio” in two weeks. Furthermore, saying “only invest what you can afford to lose” doesn’t mitigate that. As no one actually does that. Greed kills. And in volatile situations like this, greed is king. Even losing a few hundreds or a few thousand for an average person can be a huge financial and morale hit. Be careful. You can continue pushing your two months of experience platitudes that you learned off of r/bitcoin to foolishly hype posters in this thread though. Whatever you want.
Any miners out there? Looking for a way to automate my miner to mine the most profitable currency in real time. I'll be getting the Antminer S9.
In the interest of not further derailing the thread with this tomfoolery, I'll stand on what I said and let posters read and be their own judge. Now back to: when moon sir?
GDAX and Coinbase's lawyers just sent out a CYA telling customers their servers might go down with increased traffic and its users should "invest responsibly."
uh ****. i have some money getting transferred to coinbase right now. what are some of the other top wallets?
It doesn't matter where your coins are stored. If the crash happens they are gonna be down down down.
i accept the price crash risk, but i don't want my wallet's servers to go to down and not let me have access to my coins.
When there are crypto crashes, you won’t have access to any exchange. None of them work. Some come back up faster than others though.
I'm having difficulty right now. I've transferred my low end BTCs about $2500 worth to LTC last night at $98.17, trying to set sell limts at $150 with no luck. I honestly may go crush bid side as soon as I can get in. Been moving around trying to get in. No luck on my phone, laptop, friends computer. Nothing. It's freezing me. SIL
Getting out of BTC position here at the 16050 mark, moving it all out in ETH and LTC and cash. As I just got in....cut my losses here. Short term trader losses, gonna wrap them into LT LTC and eth gains. Hopefully some stop gap gains at LTC to recover this BTC loss. Gonna try to buy 148 LTCs and go back out and sell 152s, and still have more at the LTC cut in. SIL
BTC? God knows. I just have a little more hope in LTC, IOTA, NEO, and ETH right now. So moved BTC there. Went very long IOTA. I have over 290 now. And have limits placed for an extra 25 if it hits $4.01 again. Bought 10 LTC @ 144.71s, sold 4 @ 160.54s, 6 @ 160.32s. Some gains there. LTC is moving above $162 now. I'm really curious about LTC and ETH as futures roll out for BTC. Any completely new CC investor gets CB and sees these three. They see risk in BTC now, so the alternative is well okay let's load up on the other two. Going to have some real skin in this game, and took out some of my play money(vacation fund money, **** vacation cause my PTO resets when I move to denver), Throwing down some serious Gs on LTC, ETH, IOTA, and NEO. Serious money fellas, Gallapagos with hookers & cocaine kinda money. SIL
