Thread: RIP Bitcoin

Bit of experimentation and practice for me daytrading, to hone me skills.


XRP was slowly falling and going nowhere. ETH and REP still going up.


Took 10k out of XRP @ 84.41b

Put it into ETH @ 45,750 and REP @ 3,717.

Want to practice a 2 hour hit and run where I'd put money in and cash out 2 hours later.




So far, both are down.

Originally Posted by Dillinger

What happened to
#going to the moon
and
#100 million dollars"

I hope you havent told her about McAfee

No one said it was going to be a smooth ride.

I told her to expect 40-50% swings in price.

Given the current bitcoin climate with the very high fees we might see a really big drop here soon.

It might all go kaboom leaving us with hyper inflated FedCoin.

Who knows for sure, I suspect McAfee is more right than wrong..imho.

These January sales are a coming

Originally Posted by Dillinger

These January sales are a coming

Indeed, followed by March madness and April fools...

Anyhow she knew I'd quit buying BTC recently and was buying LTC, DASH, ETH instead.

ECB's Nowotny says bitcoin needs regulation, taxation
Ewald Nowotny, a member of the European Central Bank Governing Council and head of Austria's central bank, says bitcoin should be regulated and taxed. "It can't be allowed that we've just decided to stop printing €500 notes to fight money laundering, that we've slapped strict rules on every tiny savings club, and then have to watch people blithely laundering money around the globe with bitcoin," Nowotny said.

https://www.coindesk.com/ecb-officia...-transactions/

Originally Posted by Dragonfly

ECB's Nowotny says bitcoin needs regulation, taxation
Ewald Nowotny, a member of the European Central Bank Governing Council and head of Austria's central bank, says bitcoin should be regulated and taxed. "It can't be allowed that we've just decided to stop printing €500 notes to fight money laundering, that we've slapped strict rules on every tiny savings club, and then have to watch people blithely laundering money around the globe with bitcoin," Nowotny said.

As expected, they are always worried about the side economy which they are not able to tax.
You can give the tax man a heart attack by telling him that you did the leccy in John's house while he painted yours.
They are a very sensitive kind of species..

When stop rekt?
When moon lambo?

Originally Posted by lom

As expected, they are always worried about the side economy which they are not able to tax.
You can give the tax man a heart attack by telling him that you did the leccy in John's house while he painted yours.
They are a very sensitive kind of species..

indeed,

and that's why they are going to put a stop to it, I think they see it as a way to identify all the criminals for now, so they let that fishnet run for now to catch as many fish as possible, and then overhaul the whole lot into their net

If I was into conspiracy theories, I would claim it was CIA op all along

if they could stop Mega Upload underground ops, and then Silk Road darkweb, you can be sure as shit that they can stop bitcoin anytime they choose to

why they don't now is the big question, and I think that's the answer, catching them all

4 big wirehouses bar bitcoin products
Major wirehouse brokerages Merrill Lynch, Morgan Stanley, UBS and Wells Fargo have prohibited employees and representatives from offering bitcoin-related products to clients. UBS hasn't spoken publicly on the issue, but sources say the bank doesn't handle bitcoin trading because it doesn't deem cryptocurrency an asset class.

http://www.thinkadvisor.com/2018/01/...-no-to-bitcoin

CFTC to review bitcoin futures trading
The Commodity Futures Trading Commission has scheduled meetings of two advisory committees this month to review industry concerns about bitcoin futures. Chairman J. Christopher Giancarlo says ignoring virtual-currency trading is not "a responsible regulatory strategy."

https://www.reuters.com/article/us-u...-idUSKBN1ET20R

fucking XRP is ripping me a new one. got to hang on now.

Originally Posted by pseudolus

fucking XRP is ripping me a new one.

Tanking hard that one. Glad I sold it off last month. All you can do is hold.

Originally Posted by Luigi

Took 10k out of XRP @ 84.41b Now at 79.65 Good move

Put it into ETH @ 45,750 Now at 49,300 good move and REP @ 3,717. Now at 3,608 Not a very good move

Okay, interesting day trading practice. If pulling out would be pulling out some profit.

Day Trading simulation. ETH, DAS, REP all rising.

50k baht into each this morning at:

ETH 49,300
DAS 42,400
REP 3,608

With a view to imaginary pull out of all this afternoon or this evening.

I make XRP 63 Thai baht- 1.96 USD.

Originally Posted by Dillinger

I make XRP 63 Thai baht- 1.96 USD.

Could well be.

I go by the trading price on the Thai trading platform I use.

https://bx.in.th/tradeview/?pairing=21


Right now listed as 80thb.

Current bid 80.0
Current ask 80.9


If you can buy it at 63thb, tell me where, and I'll take it straight BX and sell it for the 80.0 that's being bid.

Ok
Ill have 50K on each of

XRP @1.95US
BCH@ 2,580
[email protected]

Originally Posted by Dillinger

Ok
Ill have 50K on each of

XRP @1.95US
BCH@ 2,580
[email protected]

What trading platform would you be buying and selling them on?

Cough


I dunno. I havent got passed the coins.ph stage

^Dafaq are you doing at coins.ph?. Join bxinth and you'll be good to go in a few hours.

I bought some TRX at a dip - sold then an hour later for 11% profit - could have made close to 20% if I'd waited a couple of minutes more - but gotta take everything I can get at the mo'

There are large amount slushing thru TRX on Binance - I guess its large day traders looking to make small % gains.

I'm trying to build up the my btc number so when it goes back up it will be good - however the great (flawed?) assumption is that it will go up a decent amount. I'm also wondering whether this is the time to buy some more!!??

(the posts above about tax and control are interesting too - opportunity or disaster - hard to say)


And the big mistake of buying ICONOMI (ICN) instead of ICON (ICX) - ICN have doubled in price, I shoulda kept them!!

Anyone know a 'reputable' exchange that accepts deposits via paypal? Am sick of bx adding 10-15% premiums, and last night thb-eth was +20%!