Explain like Iím 30: Bitcoin
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LakersChamps04
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PostPosted: Thu Jan 04, 2018 8:07 pm    Post subject:

When you begin trading and buying those upcoming smaller coins, you personally, how long do you sit on them typically assuming you make a gain? A day? A week? A month? I'm sure it depends but if you had to give a likely scenario..

Also, say you got the return you were looking for on a certain coin. Do you like to trade back to dollars or do you just trade back to a different coin?
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loki05
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PostPosted: Thu Jan 04, 2018 9:09 pm    Post subject:

LakersChamps04 wrote:
When you begin trading and buying those upcoming smaller coins, you personally, how long do you sit on them typically assuming you make a gain? A day? A week? A month? I'm sure it depends but if you had to give a likely scenario..

Also, say you got the return you were looking for on a certain coin. Do you like to trade back to dollars or do you just trade back to a different coin?


Great questions.

- me personally i'm not a day trader at all. when i make a move to go with a certain coin, its because i've the done research (the tech, dev team, volume, circulating supply, etc) and i HOLD. I will give it a good amount before i consider to dump or trade it....if i had to put a time on it, probably 2-3months.

- if the said coin makes 2x return, i'd probably ride it out...if it makes 3-4x return, depending on my situation i would most likely flip it to another coin that has I see on a chart that bottomed out and looks to make a strong push up (volume, transactions, marketcap trends)....no matter if its a top 3 coin or even top 100 coin. Only reason I have cashed out in the past and currently is if I see crazy gains like 10x return and wanted to splurge on a little something for the family (vacations, nice weekend out, etc).
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DaGreat81
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PostPosted: Thu Jan 04, 2018 10:39 pm    Post subject:

longtime lurker here, I've made close to $7000 just the past few days from exchanging and trading ripple, tron, and ethereum starting back in June, you guys should really get into this and take advantage of it before its too expensive which is almost is, cryptocurrency is a global market that never sleeps
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DaGreat81
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PostPosted: Thu Jan 04, 2018 10:42 pm    Post subject:

my suggestion is to go on youtube and do research on which currencies to invest in, thats how I got started, xrp is a safe bet to invest in
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DaGreat81
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PostPosted: Thu Jan 04, 2018 10:43 pm    Post subject:

longtime lurker here, I've made close to $7000 just the past few days from exchanging and trading ripple, tron, and ethereum starting back in June, you guys should really get into this and take advantage of it before its too expensive which is almost is, cryptocurrency is a global market that never sleeps
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AlexBlade
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PostPosted: Fri Jan 05, 2018 12:55 am    Post subject:

all these trends for buying and selling cryptocurrency remind me gambling at casinos and betting. You know, BTC cost in July 2010 - $0.08 =)) so, it is really cool investing on the start... but today we have something like gambling. You try to get profit within few days or months.. Too risky, I guess.

Last edited by AlexBlade on Fri Jan 05, 2018 7:39 am; edited 1 time in total
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loki05
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PostPosted: Fri Jan 05, 2018 6:05 am    Post subject:

Gambling? sure...

But some people would rather have it sit into CRYPTO (BTC/LTC/ETH) which shows gains in 1yr then having it sit in a bank accumulating .02% APY

Is that really a gamble? I'd take those odds anyday. But do you!
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AlexBlade
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PostPosted: Fri Jan 05, 2018 7:26 am    Post subject:

loki05 wrote:
Gambling? sure...

But some people would rather have it sit into CRYPTO (BTC/LTC/ETH) which shows gains in 1yr then having it sit in a bank accumulating .02% APY

Is that really a gamble? I'd take those odds anyday. But do you!

I talk about those who buy crypto only "today" but not in 2010-2016.. today it is trend. I know those people who bought BTC in 2010 and sold in the end of 2017 =)) and I know guys who bought several btc in Dec 2017... I dont think that it is a good investment of 20-50k $
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loki05
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PostPosted: Fri Jan 05, 2018 8:17 am    Post subject:

AlexBlade wrote:
loki05 wrote:
Gambling? sure...

But some people would rather have it sit into CRYPTO (BTC/LTC/ETH) which shows gains in 1yr then having it sit in a bank accumulating .02% APY

Is that really a gamble? I'd take those odds anyday. But do you!

I talk about those who buy crypto only "today" but not in 2010-2016.. today it is trend. I know those people who bought BTC in 2010 and sold in the end of 2017 =)) and I know guys who bought several btc in Dec 2017... I dont think that it is a good investment of 20-50k $


I hear you Alex.... but if they "investing" 20-50k and they are already calling it a FAIL or not smart move in only what 1month....is that really investing? or are they in it for "get rich" kinda angle? Usually an investment is something that takes time right....accumulation, fluctuations, holding, buy/sell, etc

BUT, if they call there 20k-50k "investing" and giving it only a window of 1month....i'd hate to say it, but isn't that on them and NOT the game (crypto)??
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raffi
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PostPosted: Wed Jan 17, 2018 10:54 am    Post subject:

Quote:
Bitcoin tumbled below $10,000, bringing its loss to almost 50% from a record set only a month ago, as increased scrutiny from regulators around the world weighs on the digital-coin craze.

The largest cryptocurrency dropped 10% to $9,610.05 as of 6:33 a.m. PST, its first foray below $10,000 since Dec. 1, according to consolidated pricing data collated by Bloomberg. It has fallen from a record $19,511 reached Dec. 18, and has seen more than $140 billion shaved off its market value.

The selloff this week brings more trauma to a digital-coin market that has lost more than $300 billion in value since Saturday. After a dizzying rally pushed bitcoin up 1,400% last year, the latest plunge cast doubt on the viability of cryptocurrencies and the blockchain technology that underpins it.
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