Consolidated Crypto Traders/Chat Thread

Discussion in 'Blockchain & Cryptocurrency Mining' started by Optimus., Dec 15, 2017.

  1. Gunna

    Gunna Member

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    BTC below $3900

    What are everyones plans? i'm hoping it remains low, drives off miners in it for a profit to drop difficulty a bit. I want some more ALT but getting paid monthly means I need to wait until payday before buying some more.
     
  2. dirkmirk

    dirkmirk Member

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    I'm looking for 1c Cardano, I'll probably go a 1/3rd into Cardano, Bitcoin & Peercoin when I think the bottom is in, try and sell out Bitcoin when it starts rallying and hopefully it outperforms the altcoins from the bottom, it did last time was a big lag before Litecoin started moving for example, so hold Bitcoin to buy more of my altcoins.
     
  3. ipv6ready

    ipv6ready Member

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    it can only get worse as people see what is going on after thanks giving.

    Many Silicon Valley types have a sizeable chunk of thier wealth in company options and other shares, and with many big names dropping 20 to 30% in the last months or so they are seeing real immediate wealth reduction.

    Couple that with crypto they bought due to FOMO free falling 50% and accelerating, the sentiment is now dump at any price.
     
  4. OP
    OP
    Optimus.

    Optimus. Member

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    I am not! :)


    I'm looking for 2022.
     
  5. koss

    koss Member

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    I am keeping a third of crypto in TUSD in case a bargain pops up.
     
  6. dirkmirk

    dirkmirk Member

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    What's that?

    1c Cardano IF it gets back to a dollar is a 100X gain, I pity the people loading up when Bitcoin was pumping above 10 grand, I seriously don't know wtf people are thinking spending up big during a bubble and telling themselves it's a long term investment, now or 6 months is the time to load up, I've said all along to dollar cost average from all time highs and with a bit of luck you could hit the jackpot going all in after it bottoms out, where that is, is anyone's guess.

    I wouldnt rule out sub $1,000 Bitcoin but I think it's unlikely, below 2 grand I'm going to buy up pretty big maybe all in, can always dollar cost average at the end of the day....

    I think the next 2 years Im going to be done investing alot of money into it, whether it takes off or not I'll play the waiting game.

    After that it's time to move on.
     
  7. Gunna

    Gunna Member

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    Under 3600 now
     
  8. douver

    douver Member

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    Bitcoin back above $4000 for now, time to pray people that have seen the crash got excited and have transferring money to exchanges all weekend for cheap coins. This will hopefully see a steady trickle of buys for the next couple of days as traditional payments are slow.
     
  9. dirkmirk

    dirkmirk Member

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    Getting to the bottom of an issue at the Huobi.au exchange.....

    They changed bank details about a month ago and I sent money to the old bank account......

    Not hard to do when you get 50-100 emails a day, the money didn't bounce and the money has been swallowed by that account(presumably).

    The old bank was the bank of queensland, the new bank is another australian bank called Goldfields money bank.

    So I sent money 2 weeks ago and thought the money didn't clear because I failed to click a button inside the exchange that says "money sent", I thought that was the hold up but upon reviewing the deposit instructions theirs a different bank account to deposit money compared with the saved details.

    So hopefully I can get to the bottom of where or who has my $300, Customer service cant really tell me much So ill have to wait until tomorrow for them to call me, dont know.

    edit: could be a blessing in disguise, I would have likely purchased bitcoin at around the $6,400 mark had the funds cleared as planned.....
     
  10. dirkmirk

    dirkmirk Member

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    Ethereum under $100USD (I've been waiting all night to post that:Paranoid:!).

    My hunch the bottom for crypto (BTC/ALTS) is somewhere between here and another 50% drop, a 75% drop would see sub $1,000 BTC or $25 ETH, don't think it will get their but wouldn't rule it out.
     
  11. Gunna

    Gunna Member

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    I think we will see 2700 btc before it climbs.

    I don't know where that number comes from, it's just a hunch but I've had it since btc went under 7
     
  12. koss

    koss Member

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    It's a good time to part half your crypto funds into a stable coin, eg. USDT, TUSD, USDC not AUD as it's expected to tank down to 60-65cents in the near future, unless the RBA gets off their butts and raises rates.
     
  13. whatdoesthisdo

    whatdoesthisdo Member

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    I said to my old man two weeks ago that I don't think the we will see eth go below $90 and BTC below $2800. She is getting bloody close to that now lol
     
  14. ayles

    ayles Member

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    Anyone holding anything other than USDT atm is suicidal and should research what a stoploss is.
    We're halfway through a signal on both XVG and BTC, looks weak at the moment but will check again at 10am. Cash out, re-enter on a strong bounce signal. I got 32% ROI in verge the other day, let it crash and burn. The margin requirements for shorting are too high, I only do very basic trading up strat.
     
  15. ipv6ready

    ipv6ready Member

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    USDT last week removed it promise of independent audit of funds it holds and is under US Justice investigation.
    Why even risk holding USDT, might as well cash out and sit it out.
     
  16. Gunna

    Gunna Member

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    Not everyone can hold usdt either, limited supply based on their reserves
     
  17. ayles

    ayles Member

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    Fair call on USDT. Sorry I was more referring to the hodlers still in BTC ETH etc hoping for a mircalus recovery.
     
  18. koss

    koss Member

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    I use TUSD not USDT, why not fiat, because cashing in and out of fiat each trade costs a fortune in fees, so I just stay in crypto.
     
  19. dirkmirk

    dirkmirk Member

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    If you've held crypto this long theirs a bigger risk in selling at the bottom and missing any recovery, if you want to play that game wait for a good bounce 50% on ALTS would be like $130 ETH/ 45 cent XRP and sell but not at rock bottom lows...
     
    douver likes this.
  20. douver

    douver Member

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    This quote is from exactly 1 year ago today. I would say the market is almost the exact inverse now. It's gone irrational in the other direction, bitcoin could see 2.5k or 6k (or both) in the next month. What's sure is that when this dump finishes there will be an epic bounce.
     

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