Bitcoin Price Thread

I would like to ask holders, what is your cash out/taking profits policy?

1. As price goes up I keep taking out profits.
Already taken out twice original investment. Just hodl the rest until I think we have run out of late arrivals at the party.

2. I have a predetermined target where I would get out (what is it?).
No. Too many people sold too soon. Would expect lots of sell orders at big round numbers like 10,000 etc.

3. I have a trailing stop loss, or I adjust my stop loss daily.
No price is moving too quick for all that.

4. I never cash out just occasionally spend when I need to buy something.
The bitcoins and Ether I buy / sell in ETFs at broker account (not in US so IRS is irrelevant). Other coins on exchange. Doubt I would ever use them for shopping instead of credit card.

5. Something else.[/QUOTE]

Any specific reason for the interest?
 
Last edited:
S2007S said:
Why would anyone be buying a magical coin let alone something with such a crazy spread on different exchanges...makes absolutely zero sense....people cry about a 1/16 of a spread on stocks!!!!!

This fairytale money will never be currency due to the extreme volatility and the fact hackers can hack your stash at any time!
More...

You haven't been whining like a baby every few hours. Everything ok with your bitcoin futures short position?
 
Maybe we should have a technical thread about BTC. Any holder care to address these?:

"The fees will only grow, and the price of BTC will only increase, untill any of the following happens:

1. Mass realization among the new investors that BCH s superior in every way, and mass migration, which will increase transactions exponentially, grinding BTC to a halt and freezing the price, as a nice snapshot of history (noone will be able to liquidate). Miners would follow after some time after not being able to actually cash out of BTC gains, which would transition to 2.

2. Tether unwind, which would cause mass drop of the price of BTC and mass abandonment by miners, which would freeze block creation, making BTC change proof-of-work, thus invalidating billions of investment hardware by miners. Who would all flock to the next best thing eventually - BCH."
 
Jakobsberg said:
Just hodl the rest until I think we have run out of late arrivals at the party.

Any specific reason for the interest?
More...

How would you know, what would be the sign for that?

I am always interested in people's mindset.
 
johnarb said:
You haven't been whining like a baby every few hours. Everything ok with your bitcoin futures short position?
More...

I am not sure whom you are addressing, but since the Holidays are close and I love every cultists ponzi pusher, here is a Christmas present for you specially:

This is how BTC fails as a currency:

"Posted December 16th, 2017

gpuShack accepted Bitcoin as a form of payment ever since we began operations on December 16th, 2014. Today, exactly three years later, we have deactivated Bitcoin as a form of payment.

Bitcoin's apparent inability to scale in order to meet immediate market needs drove this decision. We are actively looking for a Digital Currency payment processor that seemlessly integrates with Shopify.com, in order to accept Bitcoin Cash, Ethereum, Litecoin, and possibly others.

Unfortunately, the high cost of creating Bitcoin Transactions has fundamentally broken the API functionality between our preferred Bitcoin Payment Processor (Coinbase.com) and our preferred e-Commerce Platform (Shopify.com). Coinbase.com can no longer reasonably estimate when a transaction will confirm (if at all), and this has caused an unfortunate and insurmountable customer support burden.

According to Earn.com, the average Bitcoin fee is over $20 USD, (over 50% of the cost of the most popular product sold on gpuShack) and we can no longer place the burden of this fee on our customers."
 
Pekelo said:
I am not sure whom you are addressing, but since the Holidays are close and I love every cultists ponzi pusher, here is a Christmas present for you specially:

This is how BTC fails as a currency:

"Posted December 16th, 2017

gpuShack accepted Bitcoin as a form of payment ever since we began operations on December 16th, 2014. Today, exactly three years later, we have deactivated Bitcoin as a form of payment.

Bitcoin's apparent inability to scale in order to meet immediate market needs drove this decision. We are actively looking for a Digital Currency payment processor that seemlessly integrates with Shopify.com, in order to accept Bitcoin Cash, Ethereum, Litecoin, and possibly others.

Unfortunately, the high cost of creating Bitcoin Transactions has fundamentally broken the API functionality between our preferred Bitcoin Payment Processor (Coinbase.com) and our preferred e-Commerce Platform (Shopify.com). Coinbase.com can no longer reasonably estimate when a transaction will confirm (if at all), and this has caused an unfortunate and insurmountable customer support burden.

According to Earn.com, the average Bitcoin fee is over $20 USD, (over 50% of the cost of the most popular product sold on gpuShack) and we can no longer place the burden of this fee on our customers."
More...

Smart play...I did see a 7$ dollar fee on my last 200$ attempted purchase through coinbase. It got caught as fraudulent and haven't verified if it went through after approval...in any case it would be paid off by now, I do need to read up on the fee structure but my understanding is that implementing segwit will improve things a bit. I believe getting on the "lightning network" would help out in that regard as well, but don't understand how consensus or lack of could kill that decision..

I understand the skeptical concern, but when it comes to software I've come to realize there's no problem that can't be addressed.
 
https://twitter.com/x/status/942171669598220290

https://twitter.com/x/status/942171200779890688

S2007S got stopped out.


DQoae.gif
 
Last edited:
You must log in or register to reply here.
Back
Top