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Message
re: Bitcoin is sinking like a rock
Posted on 2/2/18 at 4:17 pm to DeathValley85
Posted on 2/2/18 at 4:17 pm to DeathValley85
quote:
Stop being bullish on the same coin as me...makes me very nervous.
yup. makes me want to ignore everything I know about ven and bail
0
Posted on 2/2/18 at 5:44 pm to Tigeralum2008
quote:
The organization that set the BTC-USD exchange rate was fudging the numbers to ensure BTC's value climbed
Literally. Not one single word in this sentence is true. Not. One. Single. Word.
You probably shouldn't comment on things you do not understand bro. You haven't the slightest idea what Tether is obviously.
Posted on 2/2/18 at 6:49 pm to TJGator1215
I have a theory on this...
People have been buying Crypto with credit cards, saw some really nice gains and now those CC bills are coming due so people are paying them off and cashing some of the money out.
People have been buying Crypto with credit cards, saw some really nice gains and now those CC bills are coming due so people are paying them off and cashing some of the money out.
Posted on 2/2/18 at 7:21 pm to mattgr1983
I'm guessing the volume of dollars used to purchase crypto with credit cards are very small compared to the overall market cap
Posted on 2/2/18 at 8:11 pm to TigerTatorTots
quote:
I'm guessing the volume of dollars used to purchase crypto with credit cards are very small compared to the overall market cap
The volume of dollars invested by any method is tiny compared to the total market cap.
Posted on 2/2/18 at 8:41 pm to mattgr1983
ETH is on sale. Time to buy more.
Posted on 2/3/18 at 8:02 am to mattgr1983
quote:
People have been buying Crypto with credit cards, saw some really nice gains and now those CC bills are coming due so people are paying them off and cashing some of the money out.
5 upvotes lol
Posted on 2/3/18 at 8:11 am to TigerTatorTots
quote:
I'm guessing the volume of dollars used to purchase crypto with credit cards are very small compared to the overall market cap
According to this LendEDU aurvey of 672 active Bitcoin investors, approximately 18% used credit cards to purchase bitcoins. Of that group, 22% said that they didn't pay off the balance. LendEDU Survey
I haven't really seen anything that speaks to the volume of dollars vs. the market cap.
This post was edited on 2/3/18 at 8:13 am
Posted on 2/5/18 at 7:07 am to TheAlmightySmash
quote:
2/2/2018
quote:
Got in at 7845 an hour ago
This is why I can't get into cryptos. This looked like such a good play on Friday. But now on Monday morning, the cash in my wallet has gotten a better ROI.
No thanks. My biggest issues with these peaks and valleys is that we know why the value drops suddenly - some country or institution announces they won't be supporting Bitcoin, or will be placing more strict regulations on it. But when it goes back up, nobody can point to the reason why. It's nothing more than speculation.
You can still make money off of speculation, but I wish people would stop calling it an investment.
Posted on 2/5/18 at 7:25 am to ATLdawg25
quote:
You can still make money off of speculation, but I wish people would stop calling it an investment.
i call it a speculative investment
Posted on 2/5/18 at 7:29 am to Croacka
Sort of like investing in red in the casino.
Posted on 2/5/18 at 9:46 am to Pechon
quote:
Good. Maybe this will help ease prices on graphics cards. Bitcoin miners have been hoarding them causing any decent gaming card to skyrocket in price.
Bitcoin miners have not been hoarding them you dummy. Bitcoin is now mined with ASICs. GPUs mine other coins. I have plenty GPUs right now. 
Posted on 2/5/18 at 9:47 am to CarRamrod
I'm mining Bitcoin with one 
Posted on 2/5/18 at 9:50 am to Peazey
quote:Now Trump is in it seems more stable, but it was rocky there for a few years.
our government existing and being stable for the foreseeable future
Posted on 2/5/18 at 9:52 am to Croacka
you're either speculating or investing. one or the other.
this is speculation not any real investing to it.
this is speculation not any real investing to it.
Posted on 2/5/18 at 12:34 pm to RATeamWannabe
quote:well then you are really hosing yourself putting a GPU on BTC. you are missing out on a ton of money.
I'm mining Bitcoin with one
Posted on 2/5/18 at 5:00 pm to CarRamrod
quote:
Bitcoin miners have not been hoarding them you dummy. Bitcoin is now mined with ASICs. GPUs mine other coins. I have plenty GPUs right now.
ETH miners are hoarding them.
Posted on 2/5/18 at 6:38 pm to NOFOX
Okay, I'm totally lost on the "mining" thing. What is this?
Posted on 2/5/18 at 7:36 pm to S1C EM
Creating coins.
Long story short, computers solve math riddles and create coins. This takes a fair amount of electricity/time.
Long story short, computers solve math riddles and create coins. This takes a fair amount of electricity/time.
Posted on 2/5/18 at 7:58 pm to Tiguar
Sounds like a video game for children.
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