Cryptocurrency

[scooterscot]

One of my coins (SC) just went green!

And it's becoming more and more green.

Siacoin is now trading on https://upbit.com !

[FrontEnder]

Mines holding up reasonably well vs BTC price.

Verge and bitshares are down 50% overall. Only a small position on verge though. Zen and ETH, Sia are holding up ok.

Big hit on ADA too, but was up about 100% so still in profit.

Been meaning to try shorting on poloniex, so this seems like a good time to do it. Transfered bitshares to margin account as collateral. Opened a short position on ripple:



Nice to be making money when everything is going down

[scooterscot]

Lost a few £ last few days. Scooter- did you lose much or was most of yours converted to fiat before xmas?

Trying not to bottle it. Seen a couple or recoveries but then its gone back down even further...

HOLD!

Sold 1/3 of my portfolio to fiat before Christmas, ready to become a buyer again. The remaining is a double eded sword because of tax reasons, I decided it was better to leave it alone.

Regarding trading alt's with other alt's or indeed selling BTC in fiat, I'd suggest do nothing. Doing nothing is a really good idea at the minute, don't try and time the market or anything like that. You've picked the coins you like, just watched them grow now.

Remember the game is to accumulate coins and ignore the dollar value of BTC. If you end up with 10 BTCs through accumulation there's a good chance you could sell at $1m by the end of the year.

I'm thinking we're going to see a repeat of last year. So far so true. Expect a sell off before June. Come back in the autumn for a mega bull run.


Bitcoin Price to Hit $100,000 in 2018, Predicts Saxo Bank Analyst

[scooterscot]

Mines holding up reasonably well vs BTC price.

Verge and bitshares are down 50% overall. Only a small position on verge though. Zen and ETH, Sia are holding up ok.

Very impressed with ZEN. In SATS terms it has hardly shifted these past 48 hours.

[FrontEnder]

HOLD!

Sold 1/3 of my portfolio to fiat before Christmas, ready to become a buyer again. The remaining is a double eded sword because of tax reasons, I decided it was better to leave it alone.

Regarding trading alt's with other alt's or indeed selling BTC in fiat, I'd suggest do nothing. Doing nothing is a really good idea at the minute, don't try and time the market or anything like that. You've picked the coins you like, just watched them grow now.

Remember the game is to accumulate coins and ignore the dollar value of BTC. If you end up with 10 BTCs through accumulation there's a good chance you could sell at $1m by the end of the year.

I'm thinking we're going to see a repeat of last year. So far so true. Expect a sell off before June. Come back in the autumn for a mega bull run.


Bitcoin Price to Hit $100,000 in 2018, Predicts Saxo Bank Analyst

I think bitcoin might struggle until lightning network is implemented. The demand at the moment is unprecedented and fees and confirmation times are simply too high. Bear season until then.

Now the big question is if alts can continue to rise while bitcoin is dropping. It think most will struggle simply because they are traded exclusively with BTC. I expect the market to adapt, but it won't happen quickly.

[scooterscot]

Don't think the high fees sluggish transactions times will affect BTC to be honest. I can transfer into BTC in minutes if I pay for it. And if you're managing a hedge fund of millions, you're going to pay the faster transaction fee.

Institutional investors are about to pour money into BTC like they might gold. They don't care about its everyday use like we might.

[VirtualMonkey]

Way down in $ value but only about 20% in BTC volume so not too bad. Lots of green on my dashboard today so pleased with that

[psychocandy]

HOLD!

Sold 1/3 of my portfolio to fiat before Christmas, ready to become a buyer again. The remaining is a double eded sword because of tax reasons, I decided it was better to leave it alone.

Regarding trading alt's with other alt's or indeed selling BTC in fiat, I'd suggest do nothing. Doing nothing is a really good idea at the minute, don't try and time the market or anything like that. You've picked the coins you like, just watched them grow now.

Remember the game is to accumulate coins and ignore the dollar value of BTC. If you end up with 10 BTCs through accumulation there's a good chance you could sell at $1m by the end of the year.

I'm thinking we're going to see a repeat of last year. So far so true. Expect a sell off before June. Come back in the autumn for a mega bull run.


Bitcoin Price to Hit $100,000 in 2018, Predicts Saxo Bank Analyst

Yeh still got to get my head around that. I still look at how much their all worth in $ and how much I can get if I cash out.

[Jog On]

Don't think the high fees sluggish transactions times will affect BTC to be honest. I can transfer into BTC in minutes if I pay for it. And if you're managing a hedge fund of millions, you're going to pay the faster transaction fee.

Institutional investors are about to pour money into BTC like they might gold. They don't care about its everyday use like we might.

So accumulating BTCs is still the name of the game? I have 0 BTC but 2.73 BTC worth of alts right now. My accumulation is of more major alts - should I be building a BTC position as well?

[VirtualMonkey]

So accumulating BTCs is still the name of the game? I have 0 BTC but 2.73 BTC worth of alts right now. My accumulation is of more major alts - should I be building a BTC position as well?

Your alts are all valued in BTC so even thoguh you don't have any actual BTC you have a value of them in your portfolio. As the alts go up in price relative to BTC you effectively gain BTC...which is what Scooter means. Assuming BTC goes up to where it's expected then it's a double winner...more bTC and higher value for it.
I started with 0.25 BTC and although it's now down to 1.34BTC (from highest of 1.6) I'm very pleased so far