EPTBitcoin discussion thread - Page 54
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Mohdoo
United States15743 Posts
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iPlaY.NettleS
Australia4413 Posts
On December 15 2017 19:45 iPlaY.NettleS wrote: Fees are way too high right now ![[image loading]](https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/img/stages_bubble.png) Probably around the greed/delusion stage. Now in capitulation stage.Stabilise around 3-4k maybe? Ethereum will overtake bitcoin in marketcap pretty soon though which could cause bitcoin to drop harder. | ||
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VioleTAK
4355 Posts
Ethereum will stabilize back to 1k soon, then by end of April rise onwards, but it won't take over BTC anytime soon. | ||
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TT1
Canada10035 Posts
I mean if everyone just throws random numbers out there someone is bound to be right.. eventually. You're trying to rationalize how a speculative market works, it honestly makes no sense to me. | ||
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CorsairHero
Canada9491 Posts
nothing more. | ||
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pmh
1416 Posts
6k support,after that 4k. | ||
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fishjie
United States1519 Posts
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Incognoto
France10239 Posts
Something like throwing in $50-100 and seeing where that goes in a few years. I definitely won't care about trying to make short term gains and I won't spend more money than I'm willing to lose outright either. Where's a good place to do that? | ||
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SoSexy
Italy3725 Posts
On February 06 2018 07:50 Incognoto wrote: I would like to buy some BTC when it's tanking like crazy. I'm sure that in the future it'll rebound back, this is BTC of course. Something like throwing in $50-100 and seeing where that goes in a few years. I definitely won't care about trying to make short term gains and I won't spend more money than I'm willing to lose outright either. Where's a good place to do that? If you buy that little I don't suggest BTC because the transaction fee is way too much (i.e. one month ago on 50 euro the fee was like 24). Ethereum is a better bet for low quantities imo. Don't know if I can link sites here but if you pm I can explain some stuff (I learned on my own and it took quite some time) | ||
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ShoCkeyy
7815 Posts
If you want to just let it sit, I really suggest Gemini. | ||
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TT1
Canada10035 Posts
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iPlaY.NettleS
Australia4413 Posts
On February 06 2018 08:32 ShoCkeyy wrote: If he sits on it, then the transaction fees don’t matter, and by the time he does think about using it, I’m positive the fees will be way down. Also it’s not random numbers were callin , it’s based off years of data. Remember BTC has been around since 2009. If you want to just let it sit, I really suggest Gemini. Fees are way down.Not many buyers right now. | ||
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hunts
United States2113 Posts
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TheFish7
United States2824 Posts
On February 05 2018 20:43 TT1 wrote: I don't get these price estimates people come up with, what are they based on? Just a few posts back someone said "i highly doubt it'll ever go below 7k" and it's 500$ away from getting there.. A few posts before him someone else said "if it drops below 8k it'll go down to 5k", contradictory opinons no? I mean if everyone just throws random numbers out there someone is bound to be right.. eventually. You're trying to rationalize how a speculative market works, it honestly makes no sense to me. The 8k I cited was based on the below technical analysis, of course this is more of an art than a science and we now have the benefit of hindsight but here is my line of thinking: I preface this by saying I believe the true value of bitcoin is $0. However we can still make some judgments based on the chart. 1. The 200-day moving average (lower purple curve below) is a very common indicator. One of the reasons for the Dow sinking so hard today was that is broke down below it's 50-day moving average, which is also commonly used. The 200 MA for bitcoin was right around the $8k mark. 2. You can see the last times that bitcoin hit the $8k mark (blue circles) in November, the price met with resistance and got stuck there on the way up. This indicates future resistance on the downward side is likely at the same level. 3. The downward trend was unlikely to end anytime soon while in the $10k range, you can see the MACD (orange circles) had "crossed over" at the recent high near $20k. You would expect these to cross over again before a long term bullish run resumes. You can see this nearly occurred again just before touching the $8k mark, again indicating resistance at that level. ![[image loading]](https://i.imgur.com/f2ZzeUF.png) If I were interested in investing in cryptos, which I am not, I would definitely not be a buyer right now because I don't see the downward trend ending soon. | ||
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iPlaY.NettleS
Australia4413 Posts
On February 06 2018 12:29 hunts wrote: I haven't watched too carefully, but seems like would be good time to throw some chump change into shorting bitcoin? Anyone want to chime in on whether or not that would be a good/bad idea? And maybe someone PM me a broker that has very low transaction fees? Could do.Still is very risky as i think it will start stabilising soon.The best investment right now is clearly gold mining stocks.They're flat during a rapidly falling market and gold is continuing it's creep up as the VIX skyrockets. | ||
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hunts
United States2113 Posts
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iPlaY.NettleS
Australia4413 Posts
On the ASX i follow RRL, SAR and NST and have invested and sold at profit on all of those in the past but am paying off debts currently and have no money in the market right now.All are flat 0.01 to -0.01 despite the asx falling 3.5% yesterday. Might be better looking into canadian gold stocks.Here is a list.http://www.miningfeeds.com/gold-mining-report-canada As always you should maintain a balanced portfolio so feel free to have 20% invested in crypto, 30% in gold and the rest however you want.Maybe some in physical gold or silver even but i wouldn't invest in the majority of other stocks or bonds right now and keeping it in usd is also pretty dumb since Trumps tax plan will lead to higher inflation which is one of the reasons i think cryptos will stabilise and climb soon.My 2c. | ||
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TheFish7
United States2824 Posts
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SoSexy
Italy3725 Posts
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pmh
1416 Posts
There are some decent gold stocks but overall it has not been a very attractive sector over the years. | ||
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