[Technology] If you're interested in Bitcoins (or simply tech) read this...

[Herr Tubthumper]

I’ve been reading up on that Trezor thingy. Might give Bitcoins another go.

 

[clippedgull]

Bitcoin today reached $9,700

 

[clippedgull]

Through the $10,000 ceiling.

 

[beorhthelm]

bonkers isnt it?

i'm holding out for 50k

 

[Biscuit]

Litecoin rose 1207% during the last 12 months, while Bitcoin rose 550%. Forget price per coin, look at value. I purchased a load at £30 a pop a while ago.. valued at £73 this morning. Very happy with it. Faster transactions than Bitcoin, lower fees, and atomic swaps on the way.. and a halving in 2019 will surely push it up a bit.

I have now withdrawn my original investment, plus a little extra. The rest I'm leaving in as whatever happens I'm 'up'.

 

[RandyWanger]

Bitcoin seems to have taken a hit today

 

[clippedgull]

Kissing the $13,000 level today!

 

[Bold Seagull]

Through the $10,000 ceiling.

View attachment 91567

It looks a bit like the first part of this graph...

 

[Albion Dan]

It looks a bit like the first part of this graph...

Yes except its all happened in one year and the dramatic jumps in the last six weeks!

 

[beorhthelm]

went screaming post £10k overnight.

its all bonkers.

 

[nicko31]

45% rise since the start of Dec. All booms bust, a lot of people are going to lose their shirts, just a case of when

 

[Blue Valkyrie]

Is the only reason the price is rising that mug-punters now think it will keep rising for a good while yet ?


At some point you need to bank the profit before the price crash.

Is it time to sell sell sell ?

 

[WATFORD zero]

Given 'Arry was giving this financial advice nearly 2 months ago

https://www.theguardian.com/technology/2017/oct/12/harry-redknapp-cryptocurrency-electroneum-twitter

I wouldn't have thought there were that many mug punters left. However, given what 17M people did just over a year ago, who knows

 

[clippedgull]

Yes some people will lose, some will win. It's volatile for sure.

But who knows where the ceiling is in the long term post bubble pop?

It's risen by 30+% in the last week. At some stage the bubble will pop but when?

 

[RandyWanger]

I'm 73.80% up now, but today isn't the day to sell.

 

[Tom Hark Preston Park]

It's risen by 30+% in the last week. At some stage the bubble will pop but when?

Must be time for anybody sitting on huge potential profits to start banking a healthy chunk of it, and limit their exposure to the inevitable pending price correction shirley?

 

[Notters]

Yes some people will lose, some will win. It's volatile for sure.

But who knows where the ceiling is in the long term post bubble pop?

It's risen by 30+% in the last week. At some stage the bubble will pop but when?

Must be time for anybody sitting on huge potential profits to start banking a healthy chunk of it, and limit their exposure to the inevitable pending price correction shirley?

Why bank it when it's the new currency? What evidence that it will pop given the limited supply?

https://www.forbes.com/sites/panosmourdoukoutas/2017/08/30/bitcoin-is-the-new-gold/

 

[beorhthelm]

Is the only reason the price is rising that mug-punters now think it will keep rising for a good while yet ?

i have a suspicion a lot of the rise is because people with bitcoin swapping to altcoins then switching back. as its relatively difficult to withdraw, people aren't taking much out and why would you when its going to be x2, x5 next month or year? so the money stays within a relatively closed system, inflating one then the other, then another, then back.

 

[Tom Hark Preston Park]

Why bank it when it's the new currency? What evidence that it will pop given the limited supply?

https://www.forbes.com/sites/panosmourdoukoutas/2017/08/30/bitcoin-is-the-new-gold/

The language is much the same as it was at the time of the dotcom bubble, about how you had to get on board RIGHT NOW and ride off into a golden sunset of unlimited upside, or lose out. Not advocating getting out completely, just saying it might be wise to bank some of your profits and let ride only the money you can comfortably afford to lose. Else you're trying to call the top of the market ahead of the herd. Some in the herd are getting twitchy. Wouldn't take much to spook them and trigger one almighty stampede to sell. Good luck anyways.

 

[Notters]

The language is much the same as it was at the time of the dotcom bubble, about how you had to get on board RIGHT NOW and ride off into a golden sunset of unlimited upside, or lose out. Not advocating getting out completely, just saying it might be wise to bank some of your profits and let ride only the money you can comfortably afford to lose. Else you're trying to call the top of the market ahead of the herd. Some in the herd are getting twitchy. Wouldn't take much to spook them and trigger one almighty stampede to sell. Good luck anyways.

This is essential advice anyway. A readjustment probably wouldn't be a bad thing.