Bitcoins - fad or trend?

Discussion of all things crypto and blockchain.
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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Tue Jan 09, 2018

Bucketeer wrote:ZH: Bitcoin - The End Of The Beginning
https://www.zerohedge.com/news/2018-01-08/bitcoin-end-beginning

Astonishing point in that article: "Coinbase replaced YouTube as the most downloaded app on iTunes."

After someone took the trouble to read the article and then called Bitcoin owners dumb, someone commented: "In other news: The Flat Earth Society claims to have members around the globe."

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Tue Jan 09, 2018

Long John wrote:
Bucketeer wrote:ZH: Bitcoin - The End Of The Beginning
https://www.zerohedge.com/news/2018-01-08/bitcoin-end-beginning

Astonishing point in that article: "Coinbase replaced YouTube as the most downloaded app on iTunes."

After someone took the trouble to read the article and then called Bitcoin owners dumb, someone commented: "In other news: The Flat Earth Society claims to have members around the globe."


I would have thought that YouTube comes pre-loaded on the iPhone. Guess not?

CoinMarketCap doesn't have an app.... yet. They are coming out with one and hopefully it defaults to milliBit prices. Not holding my breath though.
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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Tue Jan 09, 2018

SilverDoge wrote:I would have thought that YouTube comes pre-loaded on the iPhone. Guess not?

It didn't come installed on my now-ancient iPhone 6s, I downloaded it. I haven't downloaded Coinbase, though; I've only used it on my puter. I better get cracking and boost those stats!

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Tue Jan 09, 2018

Bucketeer wrote:ZH: Jamie Dimon: "I Regret Calling Bitcoin A Fraud"
https://www.zerohedge.com/news/2018-01-09/jamie-dimon-i-regret-calling-bitcoin-fraud

In related news, Jamie Dimon is taken to the woodshed by his investors who he told to stay away from Bitcoin before it shot up 15X. :lol:

I made that up, but it could be true.

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Re: Bitcoins - fad or trend?

Postby tdtwedt » Tue Jan 09, 2018

Managing the stress of owning bitcoin and other cryptocurrencies

When you could lose 30 percent of your investment in one day, stress seems inevitable.

This unique asset requires a unique fortitude.


https://www.cnbc.com/2018/01/09/managin ... ncies.html

:wave:
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Tue Jan 09, 2018

tdtwedt wrote:Managing the stress of owning bitcoin and other cryptocurrencies

When you could lose 30 percent of your investment in one day, stress seems inevitable.

This unique asset requires a unique fortitude.


https://www.cnbc.com/2018/01/09/managin ... ncies.html

:wave:


Yes, we have mentioned this before - it is stressful seeing your net worth increase (and then decrease) with great volatility. You know a perfect way to alleviate that stress? After your first 200% gain, take out your initial investment and then let your gains ride. This way you never lose a single dollar of your initial investment and even if it all crashes back to absolute zero, you still haven't lost a dime.
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Jan 09, 2018

tdtwedt wrote:Managing the stress of owning bitcoin and other cryptocurrencies

When you could lose 30 percent of your investment in one day, stress seems inevitable.

This unique asset requires a unique fortitude.


Hodling is not a problem, it just means we have to read your posts. :wave:
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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Tue Jan 09, 2018

SilverDoge wrote:
tdtwedt wrote:Managing the stress of owning bitcoin and other cryptocurrencies

When you could lose 30 percent of your investment in one day, stress seems inevitable.


Yes, we have mentioned this before - it is stressful seeing your net worth increase (and then decrease) with great volatility. You know a perfect way to alleviate that stress? After your first 200% gain, take out your initial investment and then let your gains ride. This way you never lose a single dollar of your initial investment and even if it all crashes back to absolute zero, you still haven't lost a dime.


Been there, done it, Travis, and I still felt stress over volatility, though not as much because I could tell myself the things you just said. Of course, it defied the HODL gospel of Never Take Profits, but I'm not a big believer in absolutes. To each his own.

Then I (we) became responsible for other people's money in our projects and OMG what have I done. :shock:

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Re: Bitcoins - fad or trend?

Postby natsb88 » Tue Jan 09, 2018

What dip? My crypto gained 8% during this "dip" :lol:

The top 25 on CMC look like Christmas, half red and half green.

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Re: Bitcoins - fad or trend?

Postby Fabio » Tue Jan 09, 2018

natsb88 wrote:What dip? My crypto gained 8% during this "dip" :lol:

The top 25 on CMC look like Christmas, half red and half green.


Dude, you're using the wrong lingo. Your portfolio crashed... it crashed up :shifty:
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Jan 09, 2018

Long John wrote:
SilverDoge wrote:
tdtwedt wrote:Managing the stress of owning bitcoin and other cryptocurrencies

When you could lose 30 percent of your investment in one day, stress seems inevitable.


Yes, we have mentioned this before - it is stressful seeing your net worth increase (and then decrease) with great volatility. You know a perfect way to alleviate that stress? After your first 200% gain, take out your initial investment and then let your gains ride. This way you never lose a single dollar of your initial investment and even if it all crashes back to absolute zero, you still haven't lost a dime.


Been there, done it, Travis, and I still felt stress over volatility, though not as much because I could tell myself the things you just said. Of course, it defied the HODL gospel of Never Take Profits, but I'm not a big believer in absolutes. To each his own.

Then I (we) became responsible for other people's money in our projects and OMG what have I done. :shock:


I like that John....."the HODL gospel of Never Take Profits". It takes a while to get to that level of faith.

I used to have the 3AM moment. Time to drain the bladder, I'm half asleep, and wondering WTF have I gotten myself into with Bitcoin. I'd scare myself awake.

I still have the 3AM moment, but I don't think about the price of Bitcoin anymore. I have no emotional response to the price action. That's the Zen of being a hodler. I will take profits someday, but not today or tomorrow.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Jan 09, 2018

WWTP: 'Get ready for an explosion' in bitcoin as Wall Streeters spend their bonus checks.

https://wildwebtradingpost.com/blogs/news/get-ready-for-an-explosion-in-bitcoin-as-wall-streeters-spend-their-bonus-checks
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Re: Bitcoins - fad or trend?

Postby jcz1 » Tue Jan 09, 2018

CES 2018: Kodak soars on KodakCoin and Bitcoin mining plans
Shares in photo firm Eastman Kodak soared nearly 120% after it revealed plans to mint its own crypto-currency, the KodakCoin.

http://www.bbc.com/news/technology-42630136

I think this thing where companies completely out of the blue jump on bitcoin/blockchain and see their stocks soar is definitely a fad, not a trend.
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Re: Bitcoins - fad or trend?

Postby Rodebaugh » Tue Jan 09, 2018

jcz1 wrote:CES 2018: Kodak soars on KodakCoin and Bitcoin mining plans
Shares in photo firm Eastman Kodak soared nearly 120% after it revealed plans to mint its own crypto-currency, the KodakCoin.

http://www.bbc.com/news/technology-42630136

I think this thing where companies completely out of the blue jump on bitcoin/blockchain and see their stocks soar is definitely a fad, not a trend.


Check out Overstock.

I have some: OSTK Jan19 Calls $90 Strike.
That's more dangerous than trading pissed off rattlesnakes.....but its as much fun as you can have with your clothes on.

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Re: Bitcoins - fad or trend?

Postby texmex66 » Tue Jan 09, 2018

jcz1 wrote:CES 2018: Kodak soars on KodakCoin and Bitcoin mining plans
Shares in photo firm Eastman Kodak soared nearly 120% after it revealed plans to mint its own crypto-currency, the KodakCoin.

http://www.bbc.com/news/technology-42630136

I think this thing where companies completely out of the blue jump on bitcoin/blockchain and see their stocks soar is definitely a fad, not a trend.


Trend my friend. :thumbup:

Others will jump on board the blockchain express. :D

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Wed Jan 10, 2018

Not too many days ago Ripple overtook Ethereum as the 2nd biggest crypto in market capitalization. Tonight Ripple is about half of Ethereum. Price drop is about the same: $3.84 five days ago at the height of Ripplemania to under $2.00 at this hour. Still not bad if you bought at 25 cents or even a dollar. But the "Rippening" seems to be on hold.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Wed Jan 10, 2018

Hackernoon: Why Everyone Missed the Most Important Invention in the Last 500 Years (19 minute read)
https://hackernoon.com/why-everyone-missed-the-most-important-invention-in-the-last-500-years-c90b0151c169
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Wed Jan 10, 2018

Bucketeer wrote:Hackernoon: Why Everyone Missed the Most Important Invention in the Last 500 Years (19 minute read)
https://hackernoon.com/why-everyone-missed-the-most-important-invention-in-the-last-500-years-c90b0151c169


Great read! I just added the link to the Bitcoin Beginners thread (2nd post).
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Wed Jan 10, 2018

I just posted a couple of his other articles in Alt-Coins. Glad you liked it, I thought it was excellent.

1_YImrROrEDcZY_qiC5rWTIA.jpeg
1_YImrROrEDcZY_qiC5rWTIA.jpeg (86.06 KiB) Viewed 274 times
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Gus Chiggins
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Re: Bitcoins - fad or trend?

Postby Gus Chiggins » Wed Jan 10, 2018

Will not pretend to be a chart expert, but are we starting to see higher lows in the major cryptos since 2018 started? Sure looks like it. Not sure how much lower btc will go barring some major event.
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