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Rogerborg |
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Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
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Ste |
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Ste Not Work Safe
Joined: 01 Sep 2002 Karma :
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Posted: 17:24 - 07 Dec 2017 Post subject: |
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dydey90 |
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dydey90 World Chat Champion
Joined: 01 Oct 2013 Karma :
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Posted: 17:59 - 07 Dec 2017 Post subject: |
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Got myself some bitcoinage, with the aim of transferring it over to IOTA as soon as it's cleared.
Price instantly dropped £400 as soon as I bought it. ____________________ This post is probably not serious and shouldn't be taken literally.
Past: CBR125,ER6f NINJA 650, ZZR600 Current: VFR750 |
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The Artist |
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The Artist Super Spammer
Joined: 06 Jan 2008 Karma :
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Pjay |
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Pjay World Chat Champion
Joined: 18 Jan 2016 Karma :
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dydey90 |
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dydey90 World Chat Champion
Joined: 01 Oct 2013 Karma :
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Posted: 07:48 - 08 Dec 2017 Post subject: |
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What's going on here? TerraNova went from $1.50 to $15,000 in four days. I wish I'd had my eggs in that basket.
https://www.coingecko.com/en/price_charts/terranova/usd#panel ____________________ This post is probably not serious and shouldn't be taken literally.
Past: CBR125,ER6f NINJA 650, ZZR600 Current: VFR750 |
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The Artist |
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The Artist Super Spammer
Joined: 06 Jan 2008 Karma :
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Posted: 08:49 - 08 Dec 2017 Post subject: |
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At the time, there was probably no liquidity.
Don't know the history but likely you would not have been able to actually sell at those prices. |
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Rogerborg |
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Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
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Posted: 08:57 - 08 Dec 2017 Post subject: |
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Please to remember that these magic currencies are not being used to drive growth or create anything real, so all of the money being "made" on them is going to come out of some mug's pocket.
If you buy in now, you are liable to be that mug. ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
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The Artist |
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The Artist Super Spammer
Joined: 06 Jan 2008 Karma :
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Rogerborg |
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Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
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Posted: 10:26 - 08 Dec 2017 Post subject: |
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Only gamble what you can afford to lose.
At the moment most people are still buying in rather than selling out. You can tell this because the price keeps rising, and rising sharply, beyond the costs of mining. It reflects what people have to date spent on bitcoin, rather than what they've recouped.
That means that most speculators haven't actually realised any profit yet. They will only do that when they cash out, or spend their magic money on prozzies and blow.
It's not going to take much cashing out to trigger a run. Do you reckon that you'll be able to bail out 5 minutes before that happens? ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
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MarJay |
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MarJay But it's British!
Joined: 15 Sep 2003 Karma :
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Rogerborg |
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Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
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Posted: 11:36 - 08 Dec 2017 Post subject: |
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When the smart money cashes out, those who get their stock tips by reading about it in on Yahoo! news are going to be the ones who stump up to make them billionaires-in-fact. ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
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The Artist |
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The Artist Super Spammer
Joined: 06 Jan 2008 Karma :
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TbirdX |
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TbirdX Crazy Courier
Joined: 06 Dec 2015 Karma :
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Posted: 12:13 - 08 Dec 2017 Post subject: |
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Why are Fiat putting money into it? No wonder they go broke every few years.
I bought in at around £7000 so looking fairly good at the moment.
This time next year I'll be a millionaire.......probably.
If not, I can afford to lose the tenner I staked ____________________ VFR800X - TTR250 |
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Rogerborg |
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Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
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Posted: 13:08 - 08 Dec 2017 Post subject: |
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The Artist wrote: | The price doesn't reflect what people have put in at all. It is just a value that marks the current crossover between the buys and sells of orderbooks. |
Cheerfully corrected, that was badly worded.
I shouldn't have implied that people have put $268,000,000,000 in (lulz), but I stick by the point that the sharp price rises reflect that money is being sunk in rather than cashed out.
The good news is that if you already have bitcoins you probably could cash out today at more or less the notional value.
The bad news is that cashing out tomorrow is entirely dependent on an ongoing stream of dumb money flowing in.
I know that applies to any traded commodity, but the only thing backing bitcoin is the collectively irrational belief by everyone buying in that they'll get to be a scalper rather than a scalpee. ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
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The Artist |
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The Artist Super Spammer
Joined: 06 Jan 2008 Karma :
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Rogerborg |
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Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
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B5234FT |
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B5234FT Brolly Dolly
Joined: 28 Sep 2009 Karma :
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Minty |
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Minty World Chat Champion
Joined: 23 Dec 2005 Karma :
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Ste |
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Ste Not Work Safe
Joined: 01 Sep 2002 Karma :
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Minty |
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Minty World Chat Champion
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Ste |
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Ste Not Work Safe
Joined: 01 Sep 2002 Karma :
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Posted: 15:58 - 08 Dec 2017 Post subject: |
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Minty |
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Minty World Chat Champion
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Ste |
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Ste Not Work Safe
Joined: 01 Sep 2002 Karma :
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owl |
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owl World Chat Champion
Joined: 21 Oct 2016 Karma :
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Posted: 16:05 - 08 Dec 2017 Post subject: |
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Old Thread Alert!
The last post was made 6 years, 181 days ago. Instead of replying here, would creating a new thread be more useful? |
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