Crypto Bitcoin @ 10k...

Discussion in 'Other Asset Classes' started by hammer, 3rd Nov, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
Page 13 of 27
  1. Xenia

    Xenia Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,863
    I’m so greatful that I have the ability to turn inwards towards my own intuition, God, the universe or powers other than all the negative, fearful and moronic speculations of the masses. I’ve been able to create some awesome cashflow in the crypto space as a result.

    In fact doing the exact opposite to popular advice has been my blessing in life.
     
    Xenia, 8th Dec, 2017
    #241
  2. chylld

    chylld Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    1,701
    Location:
    Sydney
    chylld, 8th Dec, 2017
    #242
    Xenia likes this.
  3. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    2,866
    Location:
    Darwin
    It seems to have sucked a bit of the life out of most of the ALTs? People moving cash from ALTs to Bitcoin? Just a theory....anyone else noticing this?
     
    hammer, 8th Dec, 2017
    #243
  4. Westie

    Westie Well-Known Member

    Joined:
    19th Jun, 2017
    Posts:
    1,138
    Location:
    Melbourne
    Westie, 8th Dec, 2017
    #244
  5. Westie

    Westie Well-Known Member

    Joined:
    19th Jun, 2017
    Posts:
    1,138
    Location:
    Melbourne
    I have noticed this too. A lot of other currencies are down:

    btc1.png
     
    Westie, 8th Dec, 2017
    #245
  6. chylld

    chylld Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    1,701
    Location:
    Sydney
    Several reasons to do so (futures, forks etc) and also hard to ignore the momentum it has as everyone and their dog synonymises Bitcoin with Cryptocurrency...

    Good time to top up on ALTs if you ask me :)
     
    chylld, 8th Dec, 2017
    #246
  7. Westie

    Westie Well-Known Member

    Joined:
    19th Jun, 2017
    Posts:
    1,138
    Location:
    Melbourne
    Good point. I did diversify and bought 15 LTCs about 2 weeks ago. Some Power Ledger too for good measure. Which ALTs do ya'll go for?
     
    Westie, 8th Dec, 2017
    #247
    Connor likes this.
  8. Alex Straker

    Alex Straker Financial Life Coach Business Member

    Joined:
    30th Oct, 2015
    Posts:
    525
    Location:
    Gold Coast, Australia
    Oooops, yes the other one suits better. Too many to choose from lately.
     
    Alex Straker, 8th Dec, 2017
    #248
  9. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    2,866
    Location:
    Darwin
    hammer, 8th Dec, 2017
    #249
  10. Westie

    Westie Well-Known Member

    Joined:
    19th Jun, 2017
    Posts:
    1,138
    Location:
    Melbourne
    And just like that 1 BTC > $26k!

    btc2.png
     
    Westie, 8th Dec, 2017
    #250
  11. Propagate

    Propagate Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,495
    Location:
    Melbourne
    I was joking with my business partner this morning, (I helped him buy some yesterday), that the way it was climbing this morning we'd see $30k before we left the office tonight. I might not be far off!!!
     
    Propagate, 8th Dec, 2017
    #251
    Xenia likes this.
  12. Alex Straker

    Alex Straker Financial Life Coach Business Member

    Joined:
    30th Oct, 2015
    Posts:
    525
    Location:
    Gold Coast, Australia
    LOL!!! Sssssssssssshhhhhhhhhhhhhhhhhhhhh I am trying to corner the market :p

    I did get stopped out again at 15,050 (BTCUSD cfd) so I stopped and reversed to join you guys on the long side again. Only had to wait a couple of hours for a double digit % gain then cashed out again. This thing is relentless ATM!!!! BE CAREFUL
     
    Alex Straker, 8th Dec, 2017
    #252
    Erica likes this.
  13. bumskins

    bumskins Well-Known Member

    Joined:
    16th Aug, 2015
    Posts:
    528
    Location:
    Sydney
    How are you expecting to compete with 100'000's of accounts being opened up? what's the chance of catching the fall? especially if not sitting in front of the screen the whole time. Is the risk/reward worth it?
     
    bumskins, 8th Dec, 2017
    #253
  14. Alex Straker

    Alex Straker Financial Life Coach Business Member

    Joined:
    30th Oct, 2015
    Posts:
    525
    Location:
    Gold Coast, Australia
    Ummmmmmmmm........ I was kidding about cornering the market hence the little :p thingy

    hangin' out over here now....

    Anyone thinking/planning to short bitcoin?
     
    Alex Straker, 8th Dec, 2017
    #254
  15. funkychickendancer

    funkychickendancer Well-Known Member

    Joined:
    4th Dec, 2016
    Posts:
    47
    Location:
    Sydney
    Whenever BTC moons alt coins always take a hit. Bigger the moon, bigger the hit.
     
    funkychickendancer, 8th Dec, 2017
    #255
  16. Alex Straker

    Alex Straker Financial Life Coach Business Member

    Joined:
    30th Oct, 2015
    Posts:
    525
    Location:
    Gold Coast, Australia
    CME will introduce Bitcoin futures trading 18th Dec. Volatility is going to ramp up more and more until then and explode. I will be changing strategies somewhat to trade a capital protected method creating synthetic covered calls by legging in to futures short side against at-the-money call options on the long side. Loss is limited to the difference between the futures entry prices and call strike price plus the premium paid for the option :)

    You think today was wild.......you ain't seen nothin' yet ;)
     
    Alex Straker, 8th Dec, 2017
    #256
    Erica likes this.
  17. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    2,866
    Location:
    Darwin
    What about when Bitcoin tanks? Is the reverse true?

    Never held ALTs before....
     
    hammer, 8th Dec, 2017
    #257
  18. chylld

    chylld Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    1,701
    Location:
    Sydney
    Untitled.jpg
     
    chylld, 8th Dec, 2017
    #258
    sharon and hammer like this.
  19. josh676

    josh676 Member

    Joined:
    25th Oct, 2015
    Posts:
    13
    Location:
    Perth
    This year in crypto has been too much for me, time to start raking some profits out and looking for somewhere else to park it.

    I hear hobart is nice.
     
    josh676, 8th Dec, 2017
    #259
    sharon and Danyool like this.
  20. Kesse

    Kesse Well-Known Member

    Joined:
    14th Jun, 2015
    Posts:
    891
    Location:
    Cairns
    I'm a member of another crypto forum and, anecdotally, there's always member posts on how they're saying they're selling their BTC or ETH to buy the one that's going up tens on percents at that time.
     
    Kesse, 8th Dec, 2017
    #260
Page 13 of 27