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CryptoCurrency Discuss all CryptoCurrencies / coins and their use for personal or business purposes. Bitcoin (BTC) is possibly the best known but there are numerous crypto currencies, this is the forum to discuss them all.

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  #23  
Old 11-29-2017
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Default re: Goal: No Sell Bitcoin 2018

Couldn't agree more with holding, its becoming little and little more of a topic of discussion even with people that barely know anything about bitcoin, and now with more and more celebrities talking about it, its getting even more interest from your regular joe. Once its integrated more into mainstream, the potential is incredible

Update: now seems like a good opportunity to get in on the dip
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  #24  
Old 11-29-2017
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Default re: Goal: No Sell Bitcoin 2018

I'm predicting the drop will go down to around $8k USD.... I'll buy more then. Just a bit sad to see value of existing portfolio depreciate... but we must hold.

What really annoys me though is that we wont find out till tomorrow what it was that caused this decline today.
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  #25  
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Default re: Goal: No Sell Bitcoin 2018

You have to pay 1.05 for Tether. Dollars worth more than bitcoins now! Now it's .93 for Tether. No point cashing out your Tether for precious dollars. The whales can control a nice percentage of the dips and surges just by selling 10-100 btc at a time.

Last edited by duffrageous; 11-29-2017 at 03:07 PM.
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  #26  
Old 11-29-2017
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Default re: Goal: No Sell Bitcoin 2018

Quote:
Originally Posted by Play View Post
I'm predicting the drop will go down to around $8k USD.... I'll buy more then. Just a bit sad to see value of existing portfolio depreciate... but we must hold.

What really annoys me though is that we wont find out till tomorrow what it was that caused this decline today.
Dont see it going quite that far down.
I think people will buy the dip long before it reaches anywhere near that.
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  #27  
Old 11-29-2017
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Default re: Goal: No Sell Bitcoin 2018

Quote:
Originally Posted by aspkin View Post
Alright!

After seeing the huge rise in bitcoin I have come to the conclusion that I suck at trading bitcoin. *even though I have made a good 500-600% returns this year

Therefore I have set a goal for myself.

I will not sell any bitcoin from here until the end of 2018. Any new bitcoin I acquire will not be sold but will be stored away safely on a hardware wallet.

That's the goal.. just sit and acquire and don't look at the price.

I urge others to follow along with me.
I would like to be the first to volunteer to hold your BTC for you so you do not spend it. I am willing to waive my fees for this service!
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  #28  
Old 11-29-2017
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Default re: Goal: No Sell Bitcoin 2018

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Originally Posted by duffrageous View Post
Bitcoin price goes up 10x next year and dollar drops by 10%. The next two years will be huge for bitcoin price and blockchain tech. Maybe eBay will start allowing bitcoin trading for USDT. They allow gold bullion sales, so I don't see why they are stuck in the Stone Age still.
People are uneasy about change.

It takes time, courage, knowledge and luck to deal with something new.

Cyrotocurrencies are like learning a foreign language.

Where we will find a way, imagine the likes of Ebay or amazon formulating bitcoin into their businesses.

If or when that happens, we will know how massive the financial changes will be

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  #29  
Old 11-29-2017
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Default re: Goal: No Sell Bitcoin 2018

Quote:
Originally Posted by aspkin View Post
Bitcoin is on sale!!!
If you bought bitcoin this morning when it was on sale (8k!!), you should be pretty happy right now.. it's nearly 11k again.. damn!
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  #30  
Old 11-29-2017
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Default re: Goal: No Sell Bitcoin 2018

Quote:
Originally Posted by aspkin View Post
If you bought bitcoin this morning when it was on sale (8k!!), you should be pretty happy right now.. it's nearly 11k again.. damn!
I bought for the very first time today at $9500!
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  #31  
Old 11-29-2017
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Default re: Goal: No Sell Bitcoin 2018

Was there any doubt it would bounce back in a hurry?
HODL for the next few years - retire a millionaire.
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  #32  
Old 11-29-2017
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Default re: Goal: No Sell Bitcoin 2018

Quote:
Originally Posted by aspkin View Post
If you bought bitcoin this morning when it was on sale (8k!!), you should be pretty happy right now.. it's nearly 11k again.. damn!
That was a flash crash. Exchanges never let you buy at flash crash prices. I saw on forums today that Coinbase and Gemini went down when that happened

Last edited by Futuremogul888; 11-30-2017 at 12:34 AM.
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  #33  
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Default re: Goal: No Sell Bitcoin 2018

That's why you can keep your money in tether and hope tether doesn't crash. If your money was on an exchange, you could have bought in at 8700-9000 if you had a limit order ready, which is the lowest I saw it go. You had a couple minutes to manually fill an order as well as it fell. It didn't happen in a few seconds like some crashes do, but over a few minutes.

11:38 AM

https://bittrex.com/Market/Index?MarketName=USDT-BTC
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  #34  
Old 11-30-2017
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Default re: Goal: No Sell Bitcoin 2018

Quote:
Originally Posted by Futuremogul888 View Post
That was a flash crash. Exchanges never let you buy at flash crash prices. I saw on forums today that Coinbase and Gemini went down when that happened
Coinbase scared quite a few Downunder.

First it would not load.

Then a 404 error.

There was some talk of a message it was down for maintenance.

Have you heard of Wireshark ?? Been recommended for using.
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  #35  
Old 11-30-2017
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Default re: Goal: No Sell Bitcoin 2018

Quote:
Originally Posted by Futuremogul888 View Post
That was a flash crash. Exchanges never let you buy at flash crash prices. I saw on forums today that Coinbase and Gemini went down when that happened
The fact that they are unregulated has made all the major exchanges crooked in my opinion. I couldn't login to CB at all during the dip but I guarantee you Coinbase was buying up all the BTC they could afford at that point. They manipulate the price and the availability of their services (e.g. buying and selling functions) based on what is most profitable for them.

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  #36  
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Default re: Goal: No Sell Bitcoin 2018

Quote:
Originally Posted by phaz0rz View Post
The fact that they are unregulated has made all the major exchanges crooked in my opinion. I couldn't login to CB at all during the dip but I guarantee you Coinbase was buying up all the BTC they could afford at that point. They manipulate the price and the availability of their services (e.g. buying and selling functions) based on what is most profitable for them.

I think its equally unethical practice, but also inability for their servers to handle so much traffic at once.

Does anyone know if the limit orders on coinbase go through during a price crash (even though you cannot access it)?
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  #37  
Old 11-30-2017
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Default re: Goal: No Sell Bitcoin 2018

At first I bought their explanation that the outages were being caused by the site receiving more traffic than it could handle. This was years ago when the price was still around $300. But with the millions and millions of dollars Coinbase has profited since then (not to mention the numerous venture capitalists they've brought in with additional millions to invest), I find it ridiculous they're still claiming they don't have adequate (and redundant, as is the industry practice) network systems in place to handle peak traffic. Doesn't make sense to me. They aren't bound by FDIC regulations like a bank would be so they aren't having to hold back a certain percentage of their money for reserves. Coinbase has probably made billions by now. They've made more money than they know what to do with. No reason they shouldn't have cutting edge server systems capable of handling whatever traffic the internet can throw their way, just like Google, Facebook, Amazon, etc.

It was believable on brand-new Coinbase. Today though I think it's just Coinbase shutting down the market when they want to.

To answer the question you asked, I don't have experience directly but I read on another board yesterday (during the outage) that limit orders are processed during outages. Somebody was saying that's what causes the exchanges to crash every time BTC hits a big milestone like it did yesterday. There were probably thousands of people who had their account set to SELL, SELL, SELL when BTC hit $10k, thus overwhelming Coinbase. So... maybe it was a legitimate outage and not just exchanges being shady.
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  #38  
Old 11-30-2017
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Default re: Goal: No Sell Bitcoin 2018

Whilst your right in saying they've made lots of profits, and have lots of investors on board, what you missed out on is the huge increase in users. Just in the last 2 months alone they had reported an increase of 100,000 users, twice.

When all of those users go to the site at once, there is bound to be issues. A regulated bank in America for example, unless there was financial chaos, there is no need for every single client to access online banking at the same time. But with Bitcoin trading, its a different story for reasons I don't need to elaborate on.

I'm not saying this isn't intentional, I'm saying from tech perspective, these outages are bound to happen with such immense traffic.
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  #39  
Old 11-30-2017
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Default re: Goal: No Sell Bitcoin 2018

It still killing me coming back to back to back raises. I started watching around $1000 and still cant bite. Why do I fear investing in bitcoin? I invest heavily in stocks. I am a bit of control freak and not being able to buy and sell immediately is holding me back. But why?
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  #40  
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Default re: Goal: No Sell Bitcoin 2018

If you invest in stocks, there is no reason why you can't take 5/10/20% of your portfolio over to bitcoin. But when you double your money, you'll insist on taking more over and panic during the mini crashes. The crashes are fantastic for bitcoin. If it just kept going up forever, it could crash to 0. I'd take anything that goes up 25% and crashes 15% every couple weeks.
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  #41  
Old 11-30-2017
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Default re: Goal: No Sell Bitcoin 2018

@phaz0rz
A quote from your post. Some info that may 0r may not be kn0wn for everyone.
They aren't bound by FDIC regulations like a bank would be so they aren't having to hold back a certain percentage of their money for reserves. Coinbase has probably made.....

This is the blurb I got in an email..

Thank you for your interest in Coinbase. Our primary goal is to make digital currency safe and secure for our customers. Coinbase is a regulated Money Services Business under FinCEN (FinCEN.gov), and as part of achieving this goal, we are legally obligated to implement regulatory compliance mechanisms.
Here is that site
https://www.fincen.gov

I really have a buyer beware attitude towards them. Ah well.

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  #42  
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Default re: Goal: No Sell Bitcoin 2018

Yeah, I think they have to abide by regulations or the hammer will come down on them. They are only loosely regulated because they want to watch it grow. Once it gets regulated, and it will get regulated, it will definitely stunt the growth.
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  #43  
Old 12-01-2017
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Default re: Goal: No Sell Bitcoin 2018

all the suckers are buying in now... thats usually a good sign to get out...
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  #44  
Old 12-01-2017
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Default re: Goal: No Sell Bitcoin 2018

Buy at 9k, sell at 10k. Buy at 9.5k and sell at 10.5k. Repeat the process adjusting for slighter gains and pullbacks. As long as it doesn't jump 2k in a day, you won't FOMO. If you are gonna employ this strategy, you have to actual watch the market multiple times a day to as you may want to decrease your spread if it's not dipping enough.

https://bittrex.com/Market/Index?MarketName=USDT-BTC

Last edited by duffrageous; 12-01-2017 at 02:08 PM.
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