Bitcoin Is Over $7,200!

[timd354]

I don't have a million yet but I've made enough in the market that I'm probably going to stop appraising at the end of this year. Technical analysis works for me. I think technical analysis is very misunderstood. It's not just patterns and trend lines.

Glad to hear that you are doing well and wish you further success. I will just give you a cautionary tale though before you quit working altogether. I knew a guy who had a pretty good job which he quite after some real good success trading. At one point he had turned his retirement fund which was around $150k when he started trading into almost $2 million and he got cocky as he had convinced himself that he was a trading genius....of course this was during the dot com boom and everyone trading long in that space looked like a genius for a few years. In any case, about month or so before the whole dot.com bubble completely burst, he bragged to everyone about how in just a few months he would be moving to the Caribbean as he was just about set...You probably know the ending...when the market tanked, he got caught on the long side of some options contracts, got hit with margin calls and lost it all. He has subsequently been a useless human being as mentally he could never recover and go back to working a real job even though he previously worked on Capital Hill for many years, was well liked and well connected and was hooked up with several really good six-figure jobs, all of which he messed up because he is now so screwed up in the head over losing his fortune (I also think he missed the "action")...last I heard he was living in the basement of someone else's house doing handyman type stuff, pretty sad for a very well educated guy who is now in his early 50's. Be careful and don't become that guy.

 

[DTB]

To a trader, fundamentals are pretty useless. I use fundamentals when investing, definitely a difference.

All trades start out as a scalp, looking for a positive move in your chosen direction. After that, it's up to you how you ride it.

Trading is about behavioral finance, I jump on when the crowd or big money moves the market.

We are warming to bitcoin. I think part of my reluctance has been not understanding how BTC works for people of other nations. We have a very stable currency, not every country has that advantage.

Like Joe, a small portfolio % that goes parabolic is how fortunes are made. One only needs one or two monster winners in a lifetime.

 

[Big ole Boy]

Gee thanks....but it will be pretty obvious when it ends....ponzi schemes always are readily apparent when they collapse and it is difficult to see how the whole bitcoin deal does not resemble a huge ponzi scheme in many ways....doesn't mean that a lot of money won't be made by a lot of people before it collapses, but if and when it does collapse, it is going to be very, very ugly

Ponzi schemes - I can think of a few - The hubris/ignorance built around paper money and the entrenched establishment that relies on it. The appraisal profession comes to mind. People are so stuck and beholden to a death spiral.

Mario Dragi is now talking about freezing peoples money in their bank accounts -

People have their heads so far up their own multi-generational @SS es .......

Bitcoin is the anti-matter to peoples warped senses gone mad.

 

[gregb]

Ponzi schemes - I can think of a few - Bitcoin is not one of them.

Then, there is this:

https://www.cnbc.com/2017/09/15/jpm...g-ceo-compares-bitcoin-to-pyramid-scheme.html

 

[Joe Flacco]

My experience has been that people on TV and media are wrong all the time. Making decisions based on what those people say is almost a sure way to lose money IMO. Even Jamie Dimon can be wrong often. He did nail the bottom of the financial crisis though.

 

[djd09]

"OWLBTC Unique Concept
The unique premise of OWLbtc stems from the fact that the development team is looking forward to a greener, cleaner future where concepts like Bitcoin can inspire and inform other walks of life. To achieve this, OWLbtc plans to set up extensive Bitcoin mining solutions, but in a holistic way.

The company focuses on the generation of clean and green energy, urban farming and community building, efforts which are more likely to make way for a better world in future."

https://bitcoinexchangeguide.com/owlbtc/

Green Bitcoins.

 

[Big ole Boy]

"OWLBTC Unique Concept
The unique premise of OWLbtc stems from the fact that the development team is looking forward to a greener, cleaner future where concepts like Bitcoin can inspire and inform other walks of life. To achieve this, OWLbtc plans to set up extensive Bitcoin mining solutions, but in a holistic way.

The company focuses on the generation of clean and green energy, urban farming and community building, efforts which are more likely to make way for a better world in future."

https://bitcoinexchangeguide.com/owlbtc/

Green Bitcoins.

Lots of green bitcoin alternatives that don't use electricity - its called POS - Proof of Stake, Bitcoin is a POW - Proof of Work which requires lot of electricity.

Lots hydro damm ideas considering a synthesis with POW - clean too. All kinds of possibilities.

 

[djd09]

All kinds of possibilities.

Like solar?

 

[Big ole Boy]

Like solar?

Yes, there is a "solarcoin", but this is just scratching the surface and to suggest which coin will deliver in the long run is beyond my knowledge. Lots of competition in this space - innovation is exploding. Difficult - requires lots of research - many coins are trying for the green space. Ethereum is a POS coin and will probably go to $500 bucks here shortly, currently at $370.

Lot of challenges with POS - a lot of needed innovation. There are people in both camps POS and POW that compete and claim their systems will be the most secure.

 

[Deleted member 134708]

Its not a currency, because it takes days to complete a transaction.

Politely.

You are flat out wrong. This is untrue.

At least be armed with this factual knowledge. What you do with it? Couldn't care less.