Originally posted by scooterscot
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Cryptocurrency
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Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever. -
Originally posted by VirtualMonkey View PostThanks fella. Got caught up in it yesterday. Hadn't realised it had gone up and nearly fell over when i saw the price."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Just watched an 'expert' non UK trader dealing in Bitcoins using Forex currency trading software.
He bought two coins at approx 5700USD - within 40 mins the price crashed through 6000USD per coin. His trading software showed profit in real time - it just ticked up like a fast clock every price movement (with occasional tick down) ! I couldn't believe it.
600 bucks in half an hour. He bought another coin at 6000USD - it's now 6035 thirty mins later.
On his trading software he was using 'Fibonacci ratios + support/resistance lines' + stop losses.
Things is getting serious.Comment
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Originally posted by SunnyInHades View PostOn his trading software he was using 'Price of BitCoin always go up' model.Comment
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Originally posted by SunnyInHades View PostJust watched an 'expert' non UK trader dealing in Bitcoins using Forex currency trading software.
He bought two coins at approx 5700USD - within 40 mins the price crashed through 6000USD per coin. His trading software showed profit in real time - it just ticked up like a fast clock every price movement (with occasional tick down) ! I couldn't believe it.
600 bucks in half an hour. He bought another coin at 6000USD - it's now 6035 thirty mins later.
On his trading software he was using 'Fibonacci ratios + support/resistance lines' + stop losses.
Things is getting serious.Rhyddid i lofnod psychocandy!!!!Comment
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Originally posted by psychocandy View PostBit wank if it went down though?
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Originally posted by psychocandy View PostBit wank if it went down though?
He was also using buy stop orders to decide when to buy.
Cos stateside he had 'immediate' buy/sell execution.
I agree it's all nonsense, but interest is rising as there's huge amounts of gambler's (sorry 'individual investors') money sloshing about.
And fresh in ..
Oct 20, 2017
"The first regulated cryptocurrency derivative trades have taken place on a U.S. exchange. According to figures provided by the company, LedgerX saw 176 swaps and options contracts traded in its first week,
with notional values of more than $1 million."
Now that's very scary - guessing future bitcoin prices.
A killing to be made for those that predict the day of the bubble burst !Comment
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Originally posted by SunnyInHades View PostIndeed, to catch that he was using stop loss orders.
He was also using buy stop orders to decide when to buy.
Cos stateside he had 'immediate' buy/sell execution.
I agree it's all nonsense, but interest is rising as there's huge amounts of gambler's (sorry 'individual investors') money sloshing about.
And fresh in ..
Oct 20, 2017
"The first regulated cryptocurrency derivative trades have taken place on a U.S. exchange. According to figures provided by the company, LedgerX saw 176 swaps and options contracts traded in its first week,
with notional values of more than $1 million."
Now that's very scary - guessing future bitcoin prices.
A killing to be made for those that predict the day of the bubble burst !Comment
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Originally posted by northernladyuk View PostWait until you can get a residential mortgage in bitcoin.
"It is a first for the UK that Bitcoin can now be used as a down payment in the property market. Co-living pioneer The Collective have announced that they will be accepting the digital currency as a deposit from prospective tenants. They are also eyeing out rental payments in Bitcoin, but that will only be implemented later in the year."
Sep 5 2017
Youngest resident, 21
Oldest resident, 44Comment
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