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Bitcoin  Rating:  Rating
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 Posted: Thu Nov 30th, 2017 09:46 pm
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srossi

 

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Ultimark wrote: Sorry to ask so many questions. Can you provide a link for the exchange you use? Not that I will buy at this point but I want to learn more.
https://gemini.com/

For Bitcoin and Ethereum and cashing out in USD only.

I also use Bittrex, which is much more complicated, and allows you to trade any cryptos with Bitcoin and not USD being the standard currency.



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 Posted: Thu Nov 30th, 2017 09:53 pm
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srossi

 

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Speaking of bubbles...the DOW just surpassed 24,000 for the first time ever.  The market has just been going crazy thanks to Trump's tax plan.  I no longer own stock other than what's in my 401(k), pension, etc. and a significant position in Citi that I got stuck with after it went down 80% during the great recession, but more people are liable to lose their shirts here (again) than with Bitcoin.



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 Posted: Thu Nov 30th, 2017 10:26 pm
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Ultimark



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Thanks for the info.

Yea, the market is high but, outside of a handful of large cap stocks (Netflix, Amazon and a few others) it is not in bubble territory quite yet. Emerging Market stocks are still cheap actually and European stocks are probably undervalued as well. A correction is overdue but people have thought that forever now.

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 Posted: Thu Nov 30th, 2017 10:29 pm
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Ultimark



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having said that, I have been slowly reducing my exposure at well. Nothing too sudden since I have learned it is next to impossible to time the market but it is riskier now than anytime since 07. I don't think a 50% drop is around the corner but the chances of a 10 to 20% drop are increasing.

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 Posted: Fri Dec 1st, 2017 09:40 pm
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carpetbeggar
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I always found Montreal strip clubs the worst in terms of trying to milk the customer of every dollar they have.


Ruins the whole experience IMO.

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 Posted: Sun Dec 3rd, 2017 10:07 pm
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srossi

 

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srossi wrote: Bitcoin has dropped to $9,300 this morning, a much-needed correction that I'm not overly concerned with.  I don't pretend to know where this is going and I offer no advice at this point, but if you were STILL looking for a dip to buy on, well, this is it.  This might be your last shot to buy at under $10,000 for a very long time.  Unless it completely collapses.  I don't think it will, but I don't know for sure.  I'll just say that anyone who bought when I first started this thread in June made out like a bandit and owes me a finder's fee or something.
It took a weekend to bounce back to $11,775. Closing in on another milestone of $12,000. 

On another note, I bought Potcoin at 9 cents, sold it at 30 cents the day after Thanksgiving, and now it’s at 45 cents. Fuck. 

Last edited on Sun Dec 3rd, 2017 10:08 pm by srossi



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 Posted: Sun Dec 3rd, 2017 10:28 pm
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freebirdsforever2001
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srossi wrote: srossi wrote: Bitcoin has dropped to $9,300 this morning, a much-needed correction that I'm not overly concerned with.  I don't pretend to know where this is going and I offer no advice at this point, but if you were STILL looking for a dip to buy on, well, this is it.  This might be your last shot to buy at under $10,000 for a very long time.  Unless it completely collapses.  I don't think it will, but I don't know for sure.  I'll just say that anyone who bought when I first started this thread in June made out like a bandit and owes me a finder's fee or something.
It took a weekend to bounce back to $11,775. Closing in on another milestone of $12,000. 

On another note, I bought Potcoin at 9 cents, sold it at 30 cents the day after Thanksgiving, and now it’s at 45 cents. Fuck. 

What's the best way to buy Potcoin, Steve?



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 Posted: Sun Dec 3rd, 2017 10:40 pm
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srossi

 

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freebirdsforever2001 wrote: srossi wrote: srossi wrote: Bitcoin has dropped to $9,300 this morning, a much-needed correction that I'm not overly concerned with.  I don't pretend to know where this is going and I offer no advice at this point, but if you were STILL looking for a dip to buy on, well, this is it.  This might be your last shot to buy at under $10,000 for a very long time.  Unless it completely collapses.  I don't think it will, but I don't know for sure.  I'll just say that anyone who bought when I first started this thread in June made out like a bandit and owes me a finder's fee or something.
It took a weekend to bounce back to $11,775. Closing in on another milestone of $12,000. 

On another note, I bought Potcoin at 9 cents, sold it at 30 cents the day after Thanksgiving, and now it’s at 45 cents. Fuck. 

What's the best way to buy Potcoin, Steve?

It’s not as straightforward to buy other altcoins as it is Bitcoin because Bitcoin is what you typically use to pay for the others. I bought it on the Bittrex exchange using Bitcoin. There might be ways to buy directly from them on their website. I’ll look into it. 

Last edited on Sun Dec 3rd, 2017 10:40 pm by srossi



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 Posted: Mon Dec 4th, 2017 02:01 am
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freebirdsforever2001
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srossi wrote: freebirdsforever2001 wrote: srossi wrote: srossi wrote: Bitcoin has dropped to $9,300 this morning, a much-needed correction that I'm not overly concerned with.  I don't pretend to know where this is going and I offer no advice at this point, but if you were STILL looking for a dip to buy on, well, this is it.  This might be your last shot to buy at under $10,000 for a very long time.  Unless it completely collapses.  I don't think it will, but I don't know for sure.  I'll just say that anyone who bought when I first started this thread in June made out like a bandit and owes me a finder's fee or something.
It took a weekend to bounce back to $11,775. Closing in on another milestone of $12,000. 

On another note, I bought Potcoin at 9 cents, sold it at 30 cents the day after Thanksgiving, and now it’s at 45 cents. Fuck. 

What's the best way to buy Potcoin, Steve?

It’s not as straightforward to buy other altcoins as it is Bitcoin because Bitcoin is what you typically use to pay for the others. I bought it on the Bittrex exchange using Bitcoin. There might be ways to buy directly from them on their website. I’ll look into it. 

Talking my wife into trying out some of this Potcoin before it goes up too much. Figure if we spend on a little to try it out, it wouldn't hurt if it tanked.



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 Posted: Mon Dec 4th, 2017 02:52 am
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srossi

 

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freebirdsforever2001 wrote: srossi wrote: freebirdsforever2001 wrote: srossi wrote: srossi wrote: Bitcoin has dropped to $9,300 this morning, a much-needed correction that I'm not overly concerned with.  I don't pretend to know where this is going and I offer no advice at this point, but if you were STILL looking for a dip to buy on, well, this is it.  This might be your last shot to buy at under $10,000 for a very long time.  Unless it completely collapses.  I don't think it will, but I don't know for sure.  I'll just say that anyone who bought when I first started this thread in June made out like a bandit and owes me a finder's fee or something.
It took a weekend to bounce back to $11,775. Closing in on another milestone of $12,000. 

On another note, I bought Potcoin at 9 cents, sold it at 30 cents the day after Thanksgiving, and now it’s at 45 cents. Fuck. 

What's the best way to buy Potcoin, Steve?

It’s not as straightforward to buy other altcoins as it is Bitcoin because Bitcoin is what you typically use to pay for the others. I bought it on the Bittrex exchange using Bitcoin. There might be ways to buy directly from them on their website. I’ll look into it. 

Talking my wife into trying out some of this Potcoin before it goes up too much. Figure if we spend on a little to try it out, it wouldn't hurt if it tanked.

If you're only going to invest a little in one then put it in Bitcoin.  It seems a lot more stable.  I'm waiting for Potcoin to drop significantly before buying more of that.  I wouldn't be shocked if Potcoin goes back to 10 cents but Bitcoin is very unlikely to drop 75% before you can sell.  Plus Bitcoin is the gateway to all the others, if you have Bitcoin it's easier to buy into other positions.

Last edited on Mon Dec 4th, 2017 02:53 am by srossi



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 Posted: Wed Dec 6th, 2017 07:33 pm
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srossi

 

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I came here to say that Bitcoin hit $12,000, but before I could it hit $13,000.  So if you had even just invested on the dip when it dropped to $9,300 a few days ago, you'd still be pretty happy right now.



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 Posted: Wed Dec 6th, 2017 09:03 pm
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srossi

 

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Anyone who doesn't want to actually own Bitcoin can now invest in Bitcoin futures through TD Ameritrade and many other established brokerages.  Wall Streets has taken notice and despite bashing Bitcoin want to get into the game.  This isn't necessarily a good thing though.  I'm not going to touch this with a 10 foot poll because then I'll be way over-exposed if something goes wrong, but for those who haven't bought Bitcoin yet it's a decent option.



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 Posted: Thu Dec 7th, 2017 07:22 pm
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srossi

 

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Bitcoin has shot well past $15,000. This is nuts. I have no idea what to do at this point. I'd probably be stupid to start selling and more stupid not to.



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 Posted: Thu Dec 7th, 2017 07:49 pm
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srossi wrote: Bitcoin has shot well past $15,000. This is nuts. I have no idea what to do at this point. I'd probably be stupid to start selling and more stupid not to.
What did you get in at?



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 Posted: Thu Dec 7th, 2017 08:46 pm
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srossi

 

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brodiescomics wrote: srossi wrote: Bitcoin has shot well past $15,000. This is nuts. I have no idea what to do at this point. I'd probably be stupid to start selling and more stupid not to.
What did you get in at?

Just under $2,300 in May when I was on paternity leave and took the time to really research it.  I put in a fairly modest amount of money, far from peanuts but nothing that I would kill myself if I lost.  And now I have taken that modest investment and watched it grow, in 7 months, to about 80% of the life savings that I had accumulated in my money market account (with the caveat that I just bought a house 3 years ago with a large down payment so my life savings had been depleted substantially from that, but still).

It just cracked $16,000.  It's reached its last few milestones in hours instead of days.

Last edited on Thu Dec 7th, 2017 08:54 pm by srossi



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