20i Reseller Hosting

Is Bitcoin the Next Big Thing?

Discussion in 'Business Discussions' started by accelerator, Jun 2, 2015.

  1. dee

    dee Well-Known Member Acorn Supporter

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    Thats cool. So they are basically showing their order book live it looks like. Dont know how ive missed that but thats useful !
     
  2. Domain Forum

    Acorn Domains Elite Member

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    articles.co.uk
     
  3. Edwin

    Edwin Well-Known Member Exclusive Member

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    I guess it's live. It might be slightly delayed. But it's at least something...
     
  4. Edwin

    Edwin Well-Known Member Exclusive Member

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    Last edited: Feb 16, 2018
  5. ian

    ian Well-Known Member

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    (waiting for Edwin to post his first 'good news' story on crypto currency :D ;))
     
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  6. Edwin

    Edwin Well-Known Member Exclusive Member

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    Bad luck, it looks like the price crossed your trigger level.
     
  7. martin-s United Kingdom

    martin-s Well-Known Member

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  8. bonusmedia

    bonusmedia Well-Known Member

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    Ouch indeed! Here lies the beginning and ending of my CFD trading career. RIP - I learned a great lesson :)
    I do still believe tether is a 'big lie' - among others - and I do still believe there is a further crypto crash in store.
    I wish everyone the very best of luck with whatever positions they hold.

    We might actually get around to building CompareBrokers.co.uk now I have some insight - and without the risk I took on last weekend.

    I made another daft bet today - played my first game of squash and told my mate I'd win a game inside a year.
    If anyone fancies a game somewhere near yorkshire let me know :) I intend to win this one
     
    Last edited: Feb 17, 2018
  9. dee

    dee Well-Known Member Acorn Supporter

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    The unfortunate thing is we may be not far off a reversal again ( in technical terms) Theres a decent channel top at at about 12300 ( i said 12ish previosuly) It could head back down from there past your stop loss which would hurt. That is exactly what would be happeing to me if i'd had the nuts to short when you did. Unless sentiment has really changed in which case if it pops that then,17.5 before a decent retracement. Its all guess work though unless you have hindsight.

    Sucks you got stopped out. Sorry.
     
  10. accelerator United Kingdom

    accelerator Well-Known Member

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    What was it?
     
  11. bonusmedia

    bonusmedia Well-Known Member

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    Well several really, and I've learned them all before but obviously needed a refresher.
    • Don't try to time a volatile market, even if you're sure of the fundamentals
    • Don't be greedy and gamble on short term outcomes when there are plenty of sound opportunities for long term growth
    • If you need several drinks to press the button it's probably the wrong button
    • Don't get too big for your boots :)
     
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  12. Edwin

    Edwin Well-Known Member Exclusive Member

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    Would it (in theory) have been possible to place a simultaneous, separate "bet" that would only have paid off if BTC went over 10,500 (i.e. your automatic liquidation stop)? And could that have been used to hedge your short?

    Or would this have been impossible or far too costly?
     
  13. bonusmedia

    bonusmedia Well-Known Member

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    I don't really know. Guess that it would probably would mean locking in a tiny profit rather than a potential big win.

    Think I'll stick to trying to create value, it was all a bit stressful
     
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  14. Edwin

    Edwin Well-Known Member Exclusive Member

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  15. martin-s United Kingdom

    martin-s Well-Known Member

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  16. accelerator United Kingdom

    accelerator Well-Known Member

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    I think the answer to the original question I posed when I started this thread in June 2015 was a definite yes.

    I think attempting to predict short term movements in Bitcoin is next to impossible, because large percentages of total Bitcoin are still controlled by a relatively low number of people, so the price can be affected by their actions.

    What happened before Christmas was the "man in the street" got to know about it for the first time, and there was major speculation, call it a bubble if you like, but I think that will be a bit unfair as long term I still see Bitcoin rising above the $20,000 or whatever it reached.

    I think what a lot of people never realised is that Bitcoin's true purpose is not a speculative "get rich quick" scheme, but a fairer way for people to store and exchange value, i.e. a fairer form of money.
     
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  17. ian

    ian Well-Known Member

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    I'm interested to know if you bought any BTC in June 2015 when the price was ~$200? If so, have you held it, or did you sell on the way up.

    Reading the first few pages from all that time ago is very interesting; so much doubt it would ever get anywhere; including a negative comment from me that I cannot even remember posting haha
     
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  18. mat United Kingdom

    mat Well-Known Member

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  19. ian

    ian Well-Known Member

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  20. websaway United Kingdom

    websaway Well-Known Member

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    When I think about it, what I am actually witnessing now is open legalised robbery. One person puts money in and another person simply takes it out and keeps it for themselves.
     
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  21. dee

    dee Well-Known Member Acorn Supporter

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    Lol... all seem totally legit. Like this bit: