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Bitcoin

Posted: 17 Dec 2020, 18:04
by goose
"Bitcoin went past $23,000 today. I've made just over £400 today trading it from the comfort of my sofa. other cryptocurrencies have been flying as well. short term fad or long term alternative currency??"

Re: Bitcoin

Posted: 23 Feb 2021, 11:48
by Vexed
"Judging by the size of Elon's head, I thought it was you!"

Re: Bitcoin

Posted: 23 Feb 2021, 11:47
by Block
Vexed = Elon Musk

Re: Bitcoin

Posted: 23 Feb 2021, 11:46
by Vexed
"Previous conversation but you did say it. Have you changed your mind then? I'm not avoiding questions, I've given you a start, I suggest you get on with it. I have nothing to prove - I actually understand the subject matter."

Re: Bitcoin

Posted: 23 Feb 2021, 11:07
by goose
That is as a previous conversation. I’m asking you a very simple question today which you’re avoiding. Happy to agree with you once you share those fundamentals which drive crypto price.

Re: Bitcoin

Posted: 23 Feb 2021, 10:54
by Vexed
Goose you said that earlier in the thread.

Re: Bitcoin

Posted: 23 Feb 2021, 10:15
by Lee Trundle
"Will that mean Vexed has to put in £100 to the GAVVY fund? I'm guessing the coward he is, he didn't have the balls to offer the bet."

Re: Bitcoin

Posted: 23 Feb 2021, 10:10
by Kaiser Zoso
Is it? Maybe Darbs_ might not have to weigh in on Christmas Eve after all

Re: Bitcoin

Posted: 23 Feb 2021, 10:10
by goose
"I didn’t say that, I asked you which fundamentals drive the price. An easy question you’ve just avoided answering."

Re: Bitcoin

Posted: 23 Feb 2021, 10:06
by BRANDED
One absolute is it’s down 13% in the last 24 hours. I’m guessing some people got itchy fingers.

Re: Bitcoin

Posted: 23 Feb 2021, 09:59
by Vexed
"Come back when you have. Until then, be aware that you were wrong to say cryptos have no fundamentals. They do."

Re: Bitcoin

Posted: 23 Feb 2021, 09:52
by goose
"Maybe I will. Or you could just answer the question, when you look at your crypto trading account on a Monday morning and deciding where the price is going to go - which fundamentals are you taking into account which will move the price?"

Re: Bitcoin

Posted: 23 Feb 2021, 09:44
by Vexed
"I'd start with tokenomics. As I say, read a book."

Re: Bitcoin

Posted: 23 Feb 2021, 09:19
by goose
Such as?

Re: Bitcoin

Posted: 23 Feb 2021, 09:15
by Vexed
"Some similar to your traditional broken shares, some specific to crypto. Read a book Goose. I'm not here to educate you."

Re: Bitcoin

Posted: 23 Feb 2021, 08:57
by goose
Which fundamentals drive the price of BTC then vexed?

Re: Bitcoin

Posted: 23 Feb 2021, 08:28
by Vexed
The 'no fundamentals' thing is a load of old pony too.

Re: Bitcoin

Posted: 23 Feb 2021, 01:16
by BRANDED
"Elon Musk is no longer the world‚Äôs richest person after Tesla shares slid, wiping $15.2 billion from his net worth. ?üòâ"

Re: Bitcoin

Posted: 23 Feb 2021, 00:33
by Capitol Man
"Darby_ 5:14 Mon Feb 22 Re: Bitcoin And the reality is that Bitcoin is going to get traded on sentiment - there's no fundamentals on it. I think someone else, maybe vexed, suggested you could effectively transact on technical analysis - the issue with that is that as an individual investor you can't match the algorythmns and transaction speed that the big shops are going to bring to bear. Having said that if you can afford it then it's a bit of fun to throw some money at."

Re: Bitcoin

Posted: 23 Feb 2021, 00:05
by mashed in maryland
"Darby_ 5:14 Mon Feb 22 The ""experts"" you mention are often fully involved."

Re: Bitcoin

Posted: 23 Feb 2021, 00:05
by mashed in maryland
"Darby_ 5:14 Mon Feb 22 The ""experts"" you mention are often fully involved."

Re: Bitcoin

Posted: 22 Feb 2021, 20:35
by Vexed
"Yeah, got some ugly looking breaks in play as of today. Just a matter of waiting it out for a few days I think. Monero is especially ugly today."

Re: Bitcoin

Posted: 22 Feb 2021, 20:20
by Cheezey Bell-End
"Could have done without it dumping this afternoon, but I still have more than double what I had at new year. I'm hoping to double it again by the end of March."

Re: Bitcoin

Posted: 22 Feb 2021, 20:13
by Vexed
You get the sense that Darby is absolutely gutted about this crypto thing don't you? Pay up you fucking lowly worm.

Re: Bitcoin

Posted: 22 Feb 2021, 12:32
by Cheezey Bell-End
LINK is worth much more now than at any time in 2018. It's currently about 50x it's 2018 peak.

Re: Bitcoin

Posted: 22 Feb 2021, 05:51
by Darby_
There we go: https://www.cnbc.com/amp/2018/08/20/after-the-bitcoin-boom-hard-lessons-for-cryptocurrency-investors.html