Cryptocurrency

[Jog On]

Come on Bcash - I've got far too much tied up in this coin than I should. $8k would be great whenever you're ready.

[VirtualMonkey]

Come on Bcash - I've got far too much tied up in this coin than I should. $8k would be great whenever you're ready.

Not been enabled on coinbase yet...surely will rise when that happens

[Jog On]

Not been enabled on coinbase yet...surely will rise when that happens

I hope so, I need to start building positions in ARK, NEO and EOS before they go up too much.. BCash is sitting doing not much while others are rising. Might trade in my LTC instead while I wait.

Also anyone holding DASH? Thinking of dumping this for something with more growth potential.

[VirtualMonkey]

I hope so, I need to start building positions in ARK, NEO and EOS before they go up too much.. BCash is sitting doing not much while others are rising. Might trade in my LTC instead while I wait.

Also anyone holding DASH? Thinking of dumping this for something with more growth potential.

I have about 1.4 DASH in my HODL group.
It's been a bit pants so far, I agree ... but worth holding I reckon

[Hobosapien]

But it is then a surprise when we have days like today, and more so the fact that BTC is stuck in a range, perhaps tilting down, between $12k and $17k. I mean, if there was this pressure cooker effect then surely a constant stream of inflows should heavily outnumber the outflows from people taking profits, which would lead to a constant and continuing strong upward price movement.

The flood gates are not yet opened. Not many of the main 'reputable' exchanges accepting new customers. If they don't get their act together soon the pent up demand may go seeking alternative investments, especially if BTC and the alts show a weakening position due to lack of new 'investment' and people taking profits.

Many of those already in the exchanges are holding or shuffling between coins so the overall market cap* is being restricted until new money is allowed to join.

* It's still doubled from 400 to 800 billion dollars in the last month though. Imagine what it would reach if everyone wanting to join the mania was allowed in to play.

[VirtualMonkey]

Come on Bcash - I've got far too much tied up in this coin than I should. $8k would be great whenever you're ready.

you say that and then this update happens:
https://www.tradingview.com/chart/BC...er_idea_update

[scooterscot]

The flood gates are not yet opened. Not many of the main 'reputable' exchanges accepting new customers. If they don't get their act together soon the pent up demand may go seeking alternative investments, especially if BTC and the alts show a weakening position due to lack of new 'investment' and people taking profits.

Many of those already in the exchanges are holding or shuffling between coins so the overall market cap* is being restricted until new money is allowed to join.

* It's still doubled from 400 to 800 billion dollars in the last month though. Imagine what it would reach if everyone wanting to join the mania was allowed in to play.

Totally agree. It's not just cUK but university friends, relatives, skiing buddies, they're all in contact asking how to get in or explaining their frustrations of the time it is taking. It's a pressure cooker of epic proportions.

Be patient.

As I've said before 2018 is going to be the mother of all bull runs. Don't take it for granted either when it happens, it'll correct big time once it hits $100k but may flay past it just like it did $10k in December of the psychology of it all.

We should see corrections along Fibonacci Sequence: 13, $21, $34, $55, $89, $144,

13 we've done. 21 is next. In-between those values alt's will grow and shrink after the sequence number has passed.

[Jog On]

Totally agree. It's not just cUK but university friends, relatives, skiing buddies, they're all in contact asking how to get in or explaining their frustrations of the time it is taking. It's a pressure cooker of epic proportions.

Be patient.

As I've said before 2018 is going to be the mother of all bull runs. Don't take it for granted either when it happens, it'll correct big time once it hits $100k but may flay past it just like it did $10k in December of the psychology of it all.

We should see corrections along Fibonacci Sequence: 13, $21, $34, $55, $89, $144,

13 we've done. 21 is next. In-between those values alt's will grow and shrink after the sequence number has passed.

So accumulating BTCs is still the name of the game?

[psychocandy]

I do take out profits along the way, but only after one year they've been held in crypto. Otherwise I'm required to pay tax on the gains. As such I'll sell some BTC now and again, but not because I need to.

Also, bitcoin is going to $100k, it may correct now and again but's going to hit $100k before 18 months is over. At that time I'll take a far bigger chunk out.

So are you saying no CGT just because you've held for more than a year? Not sure if thats strictly correct is it?

[scooterscot]

So accumulating BTCs is still the name of the game?

That's what I did with Stellar and Litecoin last year.

Bought 4 BTC's of Stellar at $0.0032 I think it was when BTC was around £700, it then exploded 1100% back in June was it, sold it back into BTC. Similar thing with LTC, entered at $7 - BTC will never increase as fast as the ALT's but that's the game. Have had some great losses too! Usually through day trading. One day I saw something like £150k drop, - took some months later to control the emotions. This crypto changes your everyday life. One minute you're elated the next suicidal.