Bitcoin....who's gotten into it?

[Bromontana]

There's a fair amount of subjectivity involved, but a conviction move is price moving rapidly up or down without consolidation over time. Many instruments have prolonged periods of consolidation in ranges that can be wide or narrow, followed by violent new trends where the market seeks to find new value, an updated agreement on where price should be. Consolidation that was centered at 16,200 was a good indication that staying under it would trigger a push towards 12,000 that we see today.

[Bobby Stainless]

On a good little run.

[DBdude]

That's cause you think it's a card game. Short money. The real players know this is a long. Very long.

My close friend big players (could probably cash in now and retire at 30yrs old even with cap gains taxes) are thinking 10+ years minimum.

Big money is in the tech. Supply chain, real estate transactions, etc. Think bigger than it simply being a new form of currency. I don't know that currency part will ever really come to fruition .

Good luck gamblers.

Sent from my XT1650 using TGR Forums mobile app

there are hundreds of crytp currencies, and more to come, there is obviously going to be consolidation amoungst the currencies. nobody knows what a long term viable cryto currency is

[Skidog]

there are hundreds of crytp currencies, and more to come, there is obviously going to be consolidation amoungst the currencies. nobody knows what a long term viable cryto currency is

No one knows the short term either obviously.

Sent from my XT1650 using TGR Forums mobile app

[JimmyCarter]

there are hundreds of crytp currencies, and more to come, there is obviously going to be consolidation amoungst the currencies. nobody knows what a long term viable cryto currency is

I think consolidation implies they'll combine or merge. It's more "some will survive and some will go away completely"

[basinbeater]

There may be some consolidation, and others will die, but there will always be new ones being created. They are necessary for the decentralized ledgers and networks to function. Some crypto currencies exist simply as a vehicle within a blockchain or distributed ledger network. Scarcity is required to make the network function. So any time a new network is setup, or a private company decides to build their own, or whatever, the scarce vehicle that is tracked around the ledgers is a new crypto currency. That is why I like ripple so much, they help other companies build out their own networks, or let companies piggyback on theirs that don't want a full blown solution on their own.
Wish I could buy stock in ripple, but they are private.

[Bobby Stainless]

That's cause you think it's a card game. Short money. The real players know this is a long. Very long.

My close friend big players (could probably cash in now and retire at 30yrs old even with cap gains taxes) are thinking 10+ years minimum.

Big money is in the tech. Supply chain, real estate transactions, etc. Think bigger than it simply being a new form of currency. I don't know that currency part will ever really come to fruition .

Good luck gamblers.

Sent from my XT1650 using TGR Forums mobile app

I could also pull out (heh) and make a few thousand but its not really worth it at this point.

10 years.... Damn.

[Skidog]

I could also pull out (heh) and make a few thousand but its not really worth it at this point.

10 years.... Damn.

Every investor looks at it differently. I trust the individual in question. I just missed the boat as usual. Most of its a bit to rich for my blood at the moment. I'm far from a gambler.

Sent from my XT1650 using TGR Forums mobile app

[Bromontana]

BTC is holding up well considering the technical move it's recovering from. 800-19,900 in a year is nutty, and btc acts like a stock would after moving 1/20th that amount. Pretty bullish for cryptos in general imo. Still holding neo and looking to add more on dips. Bought a little eth and back in bcc/bch on the retrace. 2018 should see more money move into crypto, so the question is where? Ltc is soft and I'm suspicious of ripple, but ZRX & NEO could throw a chart rager this year.

[4matic]

I see it a little differently. BTC bounced off the 38% retrace but here we are right back on the 38% line almost two weeks later. You could probably be long here on the daily chart but risk is high for a test of 50% down to 62%.

[Bromontana]

Good points, I'm not planning to go long btc here, just a few alts. Even in 2014 btc took a few months to fully break down, so as long as we can use the 2014 bottoming process as an analogue, my concerns over money fleeing the space is low, at least for the time being. So, long some alts on overall inflow to crypto, monitoring btc.

[wakefield]

That's cause you think it's a card game. Short money. The real players know this is a long. Very long.

My close friend big players (could probably cash in now and retire at 30yrs old even with cap gains taxes) are thinking 10+ years minimum.

Big money is in the tech. Supply chain, real estate transactions, etc. Think bigger than it simply being a new form of currency. I don't know that currency part will ever really come to fruition .

Good luck gamblers.

Sent from my XT1650 using TGR Forums mobile app

Well said. Wait until every grocery store in the country uses Ethereum (or whatever wins out) to manage national supply chains with every distributor they work with. Then think of the amount of money that hasn't even begun to touch this space (university endowments, retirement accounts, etc.).

[4matic]

Then think of the amount of money that hasn't even begun to touch this space (university endowments, retirement accounts, etc.).

North Korea, IRS, FBI, Treasury, and DOJ.. The whole thing can collapse in a sea of global regulation. Define your risk.

[Bobby Stainless]

North Korea, IRS, FBI, Treasury, and DOJ.. The whole thing can collapse in a sea of global regulation. Define your risk.

I wonder if any Govts are using crypto coins to fund whatever black ops shit they have going on?

[Bunion 2020]

I wonder if any Govts are using crypto coins to fund whatever black ops shit they have going on?

I wouldn't doubt it for a second. Much easier and more tidy than pallets of bundles of stacks of Hundred Dollar bills.

North Korea, IRS, FBI, Treasury, and DOJ.. The whole thing can collapse in a sea of global regulation. Define your risk.

That's what makes me wonder.

Big Brother takes a dim view of other people controlling the money supply.

[Skidog]

Well said. Wait until every grocery store in the country uses Ethereum (or whatever wins out) to manage national supply chains with every distributor they work with. Then think of the amount of money that hasn't even begun to touch this space (university endowments, retirement accounts, etc.).

Walmart is working on a program in China for the exact supply chain scenario. Problem right now is that all those places are private companies. They're getting snatched up by the big boys..

Quantum computing is where all this shit really takes off. #secure

Sent from my XT1650 using TGR Forums mobile app

[splat]

I wonder if any Govts are using crypto coins to fund whatever black ops shit they have going on?

Did I just hear Australia 'banned' bitcoin?

for those of us still catching up...

https://www.wired.com/story/future-o...daily_list3_p4

[Bobby Stainless]

Back in 2013, the FBI seized 144,000 bitcoins when they busted Ross Ulbricht, the owner and creator of the Silk Road marketplace. They valued the seizure at $28.5 million.

At bitcoin's current price of $12,618.00, Ross's stash of 144,000 bitcoins are worth $1.8 billion.

This. No telling how much the US Govt has.

[4matic]

That lot was sold for $48 million to single buyer.

https://www.cnbc.com/2017/10/03/us-g...too-early.html

[4matic]

One rational for the rise of BTC is the feds legitimizing it through legal sale.

[splat]

That lot was sold for $48 million to single buyer.

https://www.cnbc.com/2017/10/03/us-g...too-early.html

Price per coin - $333.333333333333333333333333333333333333333333333 3333333333333333333

[Bromontana]

NEO all time highs, same for ETH.

[ICantLogIn]

Oh ETH nice!

[Bromontana]

[Bobby Stainless]

Had some BCH hit today that I completely forgot about buying.

Looks like we are back on track from the Holiday lull.