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bitcoins

Entoptic said:
I know this sounds crazy but that’s how day trading and reading charts works. You look at the current support and any other support around it. It’s fluid and not rigid.

A support line gets crushed, you move to the next one. But I’m probably telling you something you already know which makes me scratch my head on your comment.
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Its hard to apply chart reading market analysts to a purely speculative play like bitcoin. There is no sound argument for it being worth $1 or $20K. Support levels may as well be pulled from a hat.

It is entertaining to watch it play out however I'll be standing on the sidelines and who knows maybe wishing I had pulled the trigger.

Good luck to you and your investments.
 
I think some people need to admit it's pure luck and stop acting like they know how shit works. I'll start... :)
 
panthera said:
yep thats how short term trading is. Now if you are a long term guy you really dont care about the short term charts and you use a longer time line to come up with your moves. I always laugh at the guys saying we are gonna lose everything and they have never traded, shorted or bought future contracts.
Now what I really want to know is what are you going to spend your crypto profits on? I know you already got a sweet bike so whats next. Im looking at a mosquito single seater helicopter.
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Helicopter money with the market like this? Damn you must have had private jet money before the crash :laughing
 
Blankpage said:
Its hard to apply chart reading market analysts to a purely speculative play like bitcoin. There is no sound argument for it being worth $1 or $20K. Support levels may as well be pulled from a hat.

It is entertaining to watch it play out however I'll be standing on the sidelines and who knows maybe wishing I had pulled the trigger.

Good luck to you and your investments.
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I respect this post. You don't feel comfortable jumping in but you don't bash it. I'm going down with the ship if the market dies. I am so happy to be a part of this new tech and whole new industry. For me it is more passion for innovation than purely and investment.
 
Ha I wish. Its an ultralight and could be had used for 25k-30k. New with the upgraded turbine engine would run about 40k. Some people have that much into their motorcycles or car so its not terribly expensive. Its something I've wanted for years. I tried to embed the video but was having issues.

here is a videohttps://www.youtube.com/watch?v=Xb7lSqbJYog
 
Cool, but realistically speaking how practical is it? I am guessing you can't just land it anywhere?

Although would be fun to have a place in SC mountains and just fly it to work. he he
 
Not practical at all. Just a fun toy to fly once in a while. Yes I would have to find a place to fly it. I have relatives out by Sac that have 50 acres that I can fly it on. I boarder the East Bay parks and have enough space to take off and land but I would have to check if its allowed. I would bet its not.
 
Entoptic said:
Good question Byke. Honestly anything can happen. Maybe all the fud surrounding countries banning crypto exchanges, tether, USA regulation etc etc calms down and we go up.

Who knows. That’s what’s so exciting to me. I can take knowns and attempt to apply them to unknowns in order to make an educated guess. Reminds me of poker.
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Precisely. It's just like rigged online poker.
 
In other news major banks are blocking use of CC to buy crypto.
Not sure what impact will be. I guess it depends on how much crypto currency was put on credit cards. One thing that did spark my interest is this:
Further, as Bloomberg points out, banks may be responsible for monitoring customers’ behavior to prevent money laundering after they make a credit-backed Bitcoin purchase, a tough standard for them to comply with.
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If that is really that much of an issue, does it also apply to regular bank accounts? So if someone bought crypto currency with linked bank account. Is the bank responsible if money laundering happens?
 
UDRider said:
In other news major banks are blocking use of CC to buy crypto.
Not sure what impact will be. I guess it depends on how much crypto currency was put on credit cards. One thing that did spark my interest is this:


If that is really that much of an issue, does it also apply to regular bank accounts? So if someone bought crypto currency with linked bank account. Is the bank responsible if money laundering happens?
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That's good news! You can't buy Stocks and Mutual funds with a credit card either.
 
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