Just bought $500 of Bitcoin at $6170/BTC

Shoot. I was hoping to snipe a few at 10400. I missed the chance at 9k while it was down.
 
Wanted to buy into Bitcoin when it was at $3k but kept procrastinating. Feelsbadman
 
Missing the point said:
Currently at 11,730... we might hit 15k before the year is out!
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It got slammed down to $10,955. Lots of volatility today.

I've noticed that ETH prices are tightly linked to Bitcoin.

Look at the price charts for both and you'll see the dip at exactly the same time. They move in lock step.
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What that means to me is that owning ETH and BTC doesn't make a lot of sense if you want to diversify your Crypto portfolio since they move up and down at the same time.
 
^ this...

but a lot more than eth is the same way... Bitcoin is the backbone.
 
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recently when BTC drops pretty much everything has been with it. I don't understand it since it used to be cash flowing away from btc towards the alts would make the opposite true.
 
I got a 9x my Money with LUXcoin this week.

You guys should check it out, it’s on a dip right now.
 
I played this so stupidly, I traided out of BTC and into ltc and eth thinking it was going to dip after 10k.

I lost 30 percent of my gains. kicking myself.
My xrp I bought into is going down hard too.
This reminds me of the time I wiped my first fidelity account betting on the OTC markets.
 
stealthballer123 said:
I played this so stupidly, I traided out of BTC and into ltc and eth thinking it was going to dip after 10k.

I lost 30 percent of my gains. kicking myself.
My xrp I bought into is going down hard too.
This reminds me of the time I wiped my first fidelity account betting on the OTC markets.
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I can't say that I'm sorry to hear that. You had gotten quite a lot of money from this.

A lot of other people don't have anything. Some had their coins stolen. Others let the opportunity slip through their fingers. Or others misplaced / threw out their wallets.
 
RogueTadhg said:
I can't say that I'm sorry to hear that. You had gotten quite a lot of money from this.

A lot of other people don't have anything. Some had their coins stolen. Others let the opportunity slip through their fingers. Or others misplaced / threw out their wallets.
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I lost tens of thousands of dollars. and any money I have made was hardly a drop in the bucket when measured against the ass I lost in my divorce.

Thanks for your compassion though.

Oh and my nicehash coins were stolen right along with the rest of them too.
 
stealthballer123 said:
I lost tens of thousands of dollars. and any money I have made was hardly a drop in the bucket when measured against the ass I lost in my divorce.

Thanks for your compassion though.

Oh and my nicehash coins were stolen right along with the rest of them too.
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I'll drink a toast to the divorce.

You still made even more tens of thousands of dollars? 30% isn't small but it's no where as close to everything.
 
Some naive questions here...

Are people actually spending bitcoin? I mean how can you even spend it with these price fluctuations? The price can change in the span of time from adding an item to your cart to checking out. Plus it would be absolutely stupid to spend bitcoin now given these insane increases in value on a daily basis.

So my next question is how does something that you can't use (or unwilling to use in this case) hold value? It's basically a collectible at this point, no? Basically what I'm asking is... How can bitcoin become the next major currency if people aren't spending it?
 
TwistedMetalGear said:
Some naive questions here...

Are people actually spending bitcoin? I mean how can you even spend it with these price fluctuations? The price can change in the span of time from adding an item to your cart to checking out. Plus it would be absolutely stupid to spend bitcoin now given these insane increases in value on a daily basis.

So my next question is how does something that you can't use (or unwilling to use in this case) hold value? It's basically a collectible at this point, no? Basically what I'm asking is... How can bitcoin become the next major currency if people aren't spending it?
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I think it's well beyond ever becoming a currency.
 
alienb said:
It hit 19,500 earlier today as I was watching GDAX.
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Yeah, weird stuff going on this morning on GDAX. Hit damn near $20k, dropped down to upper $15k, then looks like they froze trading for about 25 minutes.
 
TwistedMetalGear said:
Some naive questions here...

Are people actually spending bitcoin? I mean how can you even spend it with these price fluctuations? The price can change in the span of time from adding an item to your cart to checking out. Plus it would be absolutely stupid to spend bitcoin now given these insane increases in value on a daily basis.

So my next question is how does something that you can't use (or unwilling to use in this case) hold value? It's basically a collectible at this point, no? Basically what I'm asking is... How can bitcoin become the next major currency if people aren't spending it?
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Gambling is where u can get rid of the coins at. U just transfer one over to say Bovada. I bet
they have made a killing with this huge up surge.
 
Is Coinbase decent still? I mean other than the huge influx of new users or do you recommend any where else? I am trying to get in on a little BTC and some Alts. TIA
 
My guess is that spending the coins directly will bypass the income taxes when you take one currency to the USD.
 
Scarby Jones said:
Is Coinbase decent still? I mean other than the huge influx of new users or do you recommend any where else? I am trying to get in on a little BTC and some Alts. TIA
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they were by far the highest value to SELL at today so if you're a buyer they kinda suck.
 
RogueTadhg said:
My guess is that spending the coins directly will bypass the income taxes when you take one currency to the USD.
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No, you're realizing capital gains when you dispose of property (what happens when you buy something with BTC), at least in the US.
 
mkrohn said:
they were by far the highest value to SELL at today so if you're a buyer they kinda suck.
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Yeah, was up to a 4k premium to bitfinex. All retail going gaga for coins w/ little supply on the book made that happen.
 
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