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Post by skint4achange on Jan 15, 2018 17:36:36 GMT
So Kraken back and zero trade fees until end of January - still can't log in and no response from support. What other exchanges are people using for the smaller cryptos? I'm struggling to register with any as I'm British but currently out of the country. I have registration pending with several - most are saying there are delays due to volume of applications. I've made small investments through Revolut and am already down 2%. I'd like to get onto to an exchange where I can speculate a small sum on the lesser known low-entry-cost coins... There are major backlogs on all exchanges at the moment. Binance had t stop taking new applications as they received over 250,000 in one day!
I have never invested through Revolut but 2% down sounds like the exchange rate difference. Combine that with the fact that the markets have been quite muted for 2 days, I would say 2% can be made back (And lost again!) in minutes.
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Post by skint4achange on Jan 15, 2018 17:44:45 GMT
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SteveT
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Post by SteveT on Jan 16, 2018 12:22:56 GMT
Funny how this thread has gone quiet today ...
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Post by skint4achange on Jan 16, 2018 12:35:01 GMT
Funny how this thread has gone quiet today ... Not really. We're all too busy out committing suicide, well, that's what you would like to think!
When I woke up this morning, I was a whole 20% down overnight on my overall investment. OMG!! I didn't know what to do so I took the dog for a walk, had a cup of tea, put the hoover round and then looked again. Huge sigh of relief as all my loses were gone and I was back to the initial amount I had invested in the first place!
Phew. Now, don't you just wish the stock market would recover that quickly! By tonight, I will probably be 10% up again, but as we have all always said, the market is very volatile.
But are you now watching the markets from the perspective of investing or purely to come on here and stir things up I wonder??
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Monetus
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Post by Monetus on Jan 16, 2018 12:38:12 GMT
Yep I think I was around 15% down today but things are bouncing back. The good news is I'm up around 700% overall for the year so in the scheme of things a 15% dip isn't too bad....
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Post by skint4achange on Jan 16, 2018 12:40:48 GMT
Yep I think I was around 15% down today but things are bouncing back. The good news is I'm up around 700% overall for the year so in the scheme of things a 15% dip isn't too bad... Jesus Monetus, you must have been terrified when you woke up and saw such a MASSIVE dent in your gains!
You must have really considered liquidating everything you had on the spot! Well done though for riding out the crash of 16/1/18! I hope you can survive tomorrows 3 crashes and the 2 booked in for Thursday!
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SteveT
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Post by SteveT on Jan 16, 2018 12:52:18 GMT
Funny how this thread has gone quiet today ... But are you now watching the markets from the perspective of investing or purely to come on here and stir things up I wonder??
Neither. It's just fascinating to watch from a human behavioural perspective. Some of the on-line reporting is hilarious; insightful commentary such as " Having been on the slide in recent days, chart analysis had indicated that bitcoin would recover and likely return to $15,000 levels today. However, that did not happen"
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IFISAcava
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Post by IFISAcava on Jan 16, 2018 12:58:40 GMT
Yep I think I was around 15% down today but things are bouncing back. The good news is I'm up around 700% overall for the year so in the scheme of things a 15% dip isn't too bad.... take the 700% and run
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Post by skint4achange on Jan 16, 2018 13:02:28 GMT
But are you now watching the markets from the perspective of investing or purely to come on here and stir things up I wonder??
Neither. It's just fascinating to watch from a human behavioural perspective. Some of the on-line reporting is hilarious; insightful commentary such as " Having been on the slide in recent days, chart analysis had indicated that bitcoin would recover and likely return to $15,000 levels today. However, that did not happen" This has always been a volatile market and the only one that get caught out are the people who are in for the short term or try to judge peaks and troughs. I have been trying to find patterns but there do not appear to be any in this crazy market.
If, like me, the intention is to hold long term then these peaks and troughs do not make that much difference until the market simply disappears into a black hole! I am not that heavily invested that it would bother me if it did do just that either.
If Like Monetus you have been fortunate to be in a while and recouped your initial investment very early then the markets matter even less until he needs to liquidate. But with 700% gains he would manage to liquidate very easily and still be in profit.
I try not to take too much notice of what these "Webpage Crypto Gurus" come up with to be honest. If they were that good at GUESSING they would all be retired in the Caribbean and not need to run a website to get advertising royalties?
The corrections over the last few days were always going to happen after the episode in Korea where extra regulation was coming into play. The regulation was not in itself what caused the correction. What happened was that Coinmarketcap.com removed the Korean exchanges from their website stats and this caused a panic sell. Reason? Korean markets were selling at a premium of about 30% higher than the rest of the world. Once these figures were removed from the stats, the price appeared to drop rapidly and people became part of the avalanche.
Anyway, market is slowly recovering, ready for tomorrows roller coaster ride!
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Post by skint4achange on Jan 16, 2018 13:03:19 GMT
Yep I think I was around 15% down today but things are bouncing back. The good news is I'm up around 700% overall for the year so in the scheme of things a 15% dip isn't too bad.... take the 700% and run Why? If you read his previous posts, he has nothing invested in this now. The 700% is pure profit. Therefore, no chance of loses.
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IFISAcava
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Post by IFISAcava on Jan 16, 2018 13:11:13 GMT
Why? If you read his previous posts, he has nothing invested in this now. The 700% is pure profit. Therefore, no chance of loses.I'd say he has a lot to lose compared to taking 700% profit now. But I understand the thinking of gambling the winnings on the basis that it's "free money". Not the way I would look at it, but I am also not in Crypto as I have enough in other quasi-bubbles underpinned by real assets.
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Post by skint4achange on Jan 16, 2018 13:17:04 GMT
Why? If you read his previous posts, he has nothing invested in this now. The 700% is pure profit. Therefore, no chance of loses.I'd say he has a lot to lose compared to taking 700% profit now. But I understand the thinking of gambling the winnings on the basis that it's "free money". Not the way I would look at it, but I am also not in Crypto as I have enough in other quasi-bubbles underpinned by real assets. Fair enough, each to their own But I will just state that some of the Crypto currencies ARE underpinned by real assets. Most people look at the title of this thread and assume that all we are talking about is Bitcoin. Bitcoin has the largest market cap, but it is far from the whole world of Crypto.
Tokens are usually used to gain access to services on platforms who are offering a service to industry. The same as giving money to someone to do your accounts lets say. Other Crypto's are actually underpinned by the US$.
I am in enough trouble for getting into this conversation on the other thread so I am not going to continue it here!!
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IFISAcava
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Post by IFISAcava on Jan 16, 2018 13:38:15 GMT
I'd say he has a lot to lose compared to taking 700% profit now. But I understand the thinking of gambling the winnings on the basis that it's "free money". Not the way I would look at it, but I am also not in Crypto as I have enough in other quasi-bubbles underpinned by real assets. Fair enough, each to their own But I will just state that some of the Crypto currencies ARE underpinned by real assets. Most people look at the title of this thread and assume that all we are talking about is Bitcoin. Bitcoin has the largest market cap, but it is far from the whole world of Crypto.
Tokens are usually used to gain access to services on platforms who are offering a service to industry. The same as giving money to someone to do your accounts lets say. Other Crypto's are actually underpinned by the US$.
I am in enough trouble for getting into this conversation on the other thread so I am not going to continue it here!!
touche
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markr
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Post by markr on Jan 16, 2018 14:49:57 GMT
Given that only a finite number of bitcoins can ever exist, and the blockchain is fixed forever, what happens when all the bitcoins are lost down the back of the crypto-sofa? As an example, ages ago I got some bitcoin from a faucet and put it in a wallet on a PC, but forgot about it and now the PC is long gone.
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locutus
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Post by locutus on Jan 16, 2018 14:57:43 GMT
Given that only a finite number of bitcoins can ever exist, and the blockchain is fixed forever, what happens when all the bitcoins are lost down the back of the crypto-sofa? As an example, ages ago I got some bitcoin from a faucet and put it in a wallet on a PC, but forgot about it and now the PC is long gone. There may be a finite number but they can be subdivided infinitely. Still a valid point though.
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