Cryptocurrency

[tomtomagain]

Well that's it, the Daily Express has called the end of crypto...

End of cryptocurrencies: Bitcoin, Ripple and Ethereum PLUMMET amid fears of collapse

What a great journalistic sentence.

Let's try changing one of the words:

Bitcoin, Ripple and Ethereum collapse amid fears of collapse.

OK. So if the price collapses because of fear of collapse, then that fear is realised which leads to more fear and more collapse, which leads to more fear ....

So where is the break?

[bulltraderpt]

Bit Coin Chart As of 17 Jan 2017

https://uk.advfn.com/p.php?pid=chart...=COIN%5EBTCUSD

[scooterscot]

Sold off a few coins so I can open up some more short possitions. Currently shorting LTC, XRP and DASH.

I'm now loving all these red candles

Ballsy - don't have the nerve myself.

First time I've seen a head and shoulders reversal pattern, which means most unlikely to go down further.

[scooterscot]

I'm currently a measly 500% up.

Currently up a stonking 17,500%

[scooterscot]

I don't like it. Too soon.

I think we're in the upper bull trap myself.

From November 30th. Freaky how well this fits over the current collapse.

[FrontEnder]

From November 30th. Freaky how well this fits over the current collapse.

The 3 day candlestick chart fits that very well.

[bulltraderpt]

Currently up a stonking 17,500%

Fair play to you for getting in early.

Can I ask how you short them please? I am assuming you do this via a spread bet platform such as IG?

I am just curious as the whole Crypo thing was / is over my head, but from what (very) little knowledge I know of Crypto, its the block chain where the value appears to be in the long run?

[scooterscot]

Thanks!

As was pointed out to me the other day I'm using the wrong term. I'm selling high and buying back in low. Only doing this when there's a spike, however. Like with Power Ledger (POWR) tonight, up already 25% because of a PBC recommendation that came out an hour ago.

Yes blockchain technology is not going away, just how will it used is the question. Since I've been using it some things have stood out. The speed at which I can send money to the other side of the planet is awesome. This might not seem like something that's important to you or me but for people that work abroad or border transactions in Africa using Western Union, this technology represents a big change.

[ChimpMaster]

Re: POWR ... don't get me wrong Scoots but u could have bought almost anything and gained 20%+ in the past 2 hours! The market has suddenly turned.

TRX - Tron - was up 70% in that time.

A lot of recovery plays at the moment. Whether it holds or not will be interesting.

[scooterscot]

Re: POWR ... don't get me wrong Scoots but u could have bought almost anything and gained 20%+ in the past 2 hours! The market has suddenly turned.

TRX - Tron - was up 70% in that time.

A lot of recovery plays at the moment. Whether it holds or not will be interesting.

agreed - keep watching POWR, PM me if you want the blurb.