20i Domains

Who's Holding BTC?

Discussion in 'The Bar' started by Hay, Aug 18, 2020.

  1. Hay

    Hay Active Member Exclusive Member

    Joined:
    Jul 2019
    Posts:
    365
    Likes Received:
    95
    Who's invested into BTC at the minute? Have you held long or short and what do you think of the current price?

    Will it break £10,000 and if so will you sell or continue to hold?

    I sold a decent amount in December 2017 when it hit £11,000... which turned out to be a wise move... i then bought back in when it was at £2,500 in Feb last year...

    Do I/You do the same this time around if it hits 10k or is it worth risking it long term with all the hype saying it will break 15k if it does push past 10k.

    Those currently holding... what's your thoughts?
     
    • Like Like x 2
  2. Domain Forum

    Acorn Domains Elite Member

    Joined:
    1999
    Messages:
    Many
    Likes Received:
    Lots
    articles.co.uk
     
  3. Murray

    Murray Well-Known Member

    Joined:
    Sep 2012
    Posts:
    4,194
    Likes Received:
    399
    I'm very bullish it's going into the $20k's

    Everything seems set up in the world for gold, silver and crypto to shine in the next two years
     
    • Agree Agree x 1
  4. Adam H

    Adam H Well-Known Member Exclusive Member

    Joined:
    May 2014
    Posts:
    1,650
    Likes Received:
    238
    That perfect, will keep Oil nice and low if Gold continues to thrive, they tend to move in different directions. Although anything can happen in this climate.

    Havent traded this year too much, thought about it when Covid hit and everything hit bottom but ive been too busy to keep an eye on it, I normally trade DAX, Gold, Oil and USD/JPY when I have a dabble.

    Havent tried BTC yet, figured i was just too late to the party. Will watch this thread with interest.
     
    • Like Like x 1
  5. Murray

    Murray Well-Known Member

    Joined:
    Sep 2012
    Posts:
    4,194
    Likes Received:
    399
    I've been getting really into technical analysis the past two months learning about support/resistance, trends and some indicators

    In 2017 when bitcoin hit that last leg of the bullrun up you can see the 10 day moving average on the daily really held up (red line) but once it broke that was it

    My plan is to draw in a trend line on the major pullbacks up and if price breaks that or the 10dma (which will probably be about the same point) that will be my indication that the bullrun is over and it's time to sell

    I might take some profit first if it does go over $20k and then sell the rest using the above indication but we shall see

    btc.png
     
  6. Admin

    Admin Administrator Staff Member

    Joined:
    Jun 2004
    Posts:
    11,005
    Likes Received:
    386
    I'm in BTC and ETH, have been since 2015. Done a little bit of in and out but largely just 'hodling'. Not advice of any kind but in my opinion its far from too late, this is the tip of the iceberg. So much is going right for it right now and when MicroStrategy convert a quarter of a billion real FIAT dollars into BTC you have to sit up and listen. There are billions of dollars of infrastructure supporting this currency now. Have a read of the investment https://www.forbes.com/sites/christ...to-corporate-america-on-bitcoin/#15679b5a6bc4

    I too picked up a couple more btc early last year and sold them 3 or 4 months later at a multiple, paid for our fancy new kitchen!

    I will be continuing to hold for the medium/long term.
     
    • Like Like x 1
  7. Admin

    Admin Administrator Staff Member

    Joined:
    Jun 2004
    Posts:
    11,005
    Likes Received:
    386
    And what a quote from the CEO:

    “We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of Bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value. Bitcoin is digital gold – harder, stronger, faster, and smarter than any money that has preceded it. We expect its value to accrete with advances in technology, expanding adoption, and the network effect that has fueled the rise of so many category killers in the modern era.”
     
  8. Fred Steven Cyprus

    Fred Steven Member

    Joined:
    Jan 2020
    Posts:
    31
    Likes Received:
    8
    I bought 100 BTC back in 2010 when I was playing at mining them, think they were less than $1.00, I forgot all about it then went the price went crazy I could not find the wallet with the keys in it, I have loads of old harddrives and am sure its on them somethere and everynow and again I search for it, but so far not found it. Gutted :(:(:(:(:( . That being said if I did have the wallet I would probably have sold them way before they went into the $1000 per BTC
     
    • Friendly Friendly x 1
  9. Hay

    Hay Active Member Exclusive Member

    Joined:
    Jul 2019
    Posts:
    365
    Likes Received:
    95
    With all the country's around the world printing cash like there is no tomorrow in order to prop up the global economies and sinking into trillions of pounds/dollars worth of debt... there is little wonder why the big players are now investing heavily into solid digital currency to protect their shareholder's long term.

    Sure digital currency is volatile but i personally believe your investment "long term" is almost a guaranteed win (Anything gained short term is a bonus... for example i bought back in last Feb at £2,500 knowing it was highly likely BTC would bounce back as there is too many people invested heavily to see it go to nothing so buying a fair few at £2,500 was a no brainer.

    Would i buy in at the moment? Probably not, i would wait a few months and try get in on a short ... currently im viewing this more as Should people sell some off to pull some profit or ride the wave because if it breaks 15k USD that will be a test to see if it shoots up to 20k USD... if it does then it will be very interesting to see what happens next (it could go crazy if it breaks 20k)


    Ben Delo will be rubbing his hands together at the minute making even more Billions to add to his current Billions!
     
  10. Admin

    Admin Administrator Staff Member

    Joined:
    Jun 2004
    Posts:
    11,005
    Likes Received:
    386
    Err....I'll help you find the wallet. Cannot believe how nonchalant you seem to be about finding 1.2 million dollars of treasure thats sat somewhere in your house.
     
  11. Fred Steven Cyprus

    Fred Steven Member

    Joined:
    Jan 2020
    Posts:
    31
    Likes Received:
    8
    I have spent probably 100 hours looking for them, sometimes I think I am dreaming that I bought them. But as i said I would have sold them well before they hit the big figures so that rests my mind a little;). I have an old dell 8 disk server, I think it it may have been on there as I was using the server for mining but the disk array is corrupted. I have tried everything to examine the disks but nada.
     
  12. Hay

    Hay Active Member Exclusive Member

    Joined:
    Jul 2019
    Posts:
    365
    Likes Received:
    95
    @Fred Steven probably a DELL R710 or R610 thus you should make sure you run this command " sudo rm –rf / " that should do the trick and should spit out your wallet.dat file ;-)
     
    • Funny Funny x 2
    • Friendly Friendly x 1
  13. DaveP United Kingdom

    DaveP Well-Known Member

    Joined:
    Mar 2010
    Posts:
    2,941
    Likes Received:
    56
    If it is any consolation I turned down 2000 bitcoins around that same time. Never thought Bitcoin would take off. Woops...
     
    • Funny Funny x 1
  14. dee

    dee Well-Known Member Acorn Supporter

    Joined:
    May 2013
    Posts:
    2,169
    Likes Received:
    307
    While not good for much else, its seeming more and more bitcoin is becoming a digital Gold and a store of wealth. I enjoying trading Alts at the mo, but reckon Bitcoin has a long way to go up over the coming years. I'll be getting in on serious dips and holding from now on.
     
  15. ian

    ian Well-Known Member

    Joined:
    Jan 2008
    Posts:
    4,014
    Likes Received:
    292
    Owned BTC for years, as a store of value, holding long term, no reason it cannot reach the projected $288k price.
     
  16. cps

    cps New Member

    Joined:
    Jun 2020
    Posts:
    4
    Likes Received:
    1
    Aside from owning BTC as an investment does anyone here regularly pay or get paid for everyday transactions in it?
     
    • Like Like x 1
  17. Admin

    Admin Administrator Staff Member

    Joined:
    Jun 2004
    Posts:
    11,005
    Likes Received:
    386
    I spend bitcoin. There are Bitcoin visa debit cards. You can hold some BTC on them and its converted into fiat on the fly wherever you are, whatever you buy.

    > Coinbase Card
    > Wirex

    Also, I was an invited yesterday by Xapo to be one of the first for the long awaited return to the bitcoin card market. They are becoming a full digital bank this year.
     
  18. Murray

    Murray Well-Known Member

    Joined:
    Sep 2012
    Posts:
    4,194
    Likes Received:
    399
    I might sound like an idiot I'm rehashing vague memories of videos watched

    I've heard Bitcoin isn't suited for everyday transactions, at least on scale; It couldn't replace something like Visa today for example because so many small transactions would be troublesome to process, either because of the time it would take or sheer volume creating problems with energy requirements

    Something could be implemented to fix it like a more localised way of dealing with smaller transactions rather than the whole blockchain updating with every single one.. I guess that's why Bitcoin cash was created?

    Bitcoin I don't think has a usable future other than as a store of wealth and i guess time will tell how it holds up there

    For now though I'm very bullish, not that I've committed a ton of money to it just enough that if it doubles I'd be very happy and if it halves I can take it on the chin and leave it to see where it goes next without sleepless nights
     
  19. dee

    dee Well-Known Member Acorn Supporter

    Joined:
    May 2013
    Posts:
    2,169
    Likes Received:
    307
    Yep... not really suited for everyday transactions at all . Not nearly nimble enough and there are plenty of others that blow it out the water in terms of transaction speed and on a transactions per second basis. It certainly seems to becoming the digital Gold though and theres a massive amount 'held'
     
    • Like Like x 1
  20. twostepsbehind United Kingdom

    twostepsbehind Active Member Acorn Supporter

    Joined:
    Aug 2014
    Posts:
    210
    Likes Received:
    21
    Other than a store of wealth, it’s also the baseline crypto, the crypto that alt coins are paired with

    As the ‘first to market’ it will always have the advantage compared to alt coins and people’s trust as the eco system is well diversified and solid

    Ethereal is the real world winner though as it offers so much more

    If current global recessions result in catastrophic economic problems, BTC and other will shoot up
     
  21. lazarus

    lazarus Well-Known Member Exclusive Member

    Joined:
    Feb 2013
    Posts:
    1,253
    Likes Received:
    278
    I am holding Lisk and BTC. Hodling for the long haul. :)
     
    Last edited: Aug 19, 2020