Bath time anyone?

[DaveB]

Bitcoin volatility sees trades suspended on certain exchanges - BBC News

Bitcoin volatility sees trades suspended on certain exchanges

Bitcoin plunged on Friday, extending a fall that saw the crypto-currency lose more than a third of its value from a record of nearly $20,000 (£15,000).
The crypto-currency's price dipped below $11,000 on Friday, according to the Coindesk exchange website, before recovering to about $12,000.
Amid the swing, three Bitcoin-related exchanges suspended certain trades.

 

[BrilloPad]

Am hold with all my might.
Bitcoin will explode in 2018. $20k a coin will seem cheap in the not to distant future. I'm no good a day trading and don't try.

 

[BR14]

Tsk, - naughty man

 

[jamesbrown]

Scootie, mainly throughout 2018.

 

[BR14]

Scootie, mainly throughout 2018.

Feck me, - naughty man II already!

 

[_V_]

Scooty don't care, he's gonna be bitcoin billionaire.

 

[MrMarkyMark]

FTFY

Amid the swing, three Bitcoin-related exchanges suspended certain trades thus allow them to set a nice position to buy back in, to enable them to cash in big time.

Funny thing is I could have been a Bit Coin millionaire, I knew some very early adopters, 8 years ago, in fact a friend of mine sold most of one of his London properties for mostly Bit Coin 6 years ago, thus dodging the stamp duty.

Believe me they were saying stick in £10K, its the future etc. etc.
In fact given they were worth nothing then, I could now have 10000 bitcoins
I also know someone personally that lost £150K when Mount Gox was defrauded, when trying to get his money back into Fiat.

However, the above always seems a common theme, you "make" the money and then when you try and cash out you lose

Now, I'm not saying money can't be made, but just realise the "casinos", coin base been a prime example, control that ultimately if you want to cash back into Fiat.

 

[Hobosapien]

Yep it's all very good being paper millionaires in real spendable £s, but when the whole shebang is run by unregulated shady sources, and geeks that can barely keep their service online, it's a recipe for getting fleeced on the way out if they don't get you while 'hodling'.

On a more positive note, the dead cat is bouncing well so may come back to life and find it's feet just in time. So chance to exit gradually if you want to realise some gains and leave some skin in the game in case it does 'go to the moon' in 2018.

Good luck whatever you choose. Don't forget to tell us the stories of how you made it large and retired from the rat race , or lost it all from holding too long past the opportunity to at least break even.

 

[NotAllThere]

My Bitcoin stake dropped in value from £160 to £120, and Ethereum from £240 to £220. Oh, the woe.