Bitcoin and Crypto Talk (Merged)(includes NFT) (2 Viewers)

[superchuck500]

BCH back down to $3K and looks like CB has suspended purchases amid insider trading probe.

https://www.theverge.com/2017/12/20/16800940/coinbase-bitcoin-cash-fork-insider-trading-probe

 

[superchuck500]

Bitcoin dropping almost half of its value since almost hitting $20K

 

[Brennan77]

Bitcoin dropping almost half of its value since almost hitting $20K

Ethereum and litecoin too. The volatility is nuts.

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[superchuck500]

Ethereum and litecoin too. The volatility is nuts.

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I think it’s a buying opportunity. There was talk yesterday of greater regulation by the US but if you look at the report, it suggests crypto more broadly and looking at some of the currencies that are less established, and how some of the exchanges operate.

But there’s too much legitimacy with bitcoin and perhaps even a couple others. The bitcoin “team” has really professionalized and I think rough regulatory patches will only end up helping it become fully established.

The SEC is reviewing ETF applications - and if those get approved, Katy bar the door. If they don’t, there’s still a market but it will continue to be harder to define.

 

[Brennan77]

I think it’s a buying opportunity. There was talk yesterday of greater regulation by the US but if you look at the report, it suggests crypto more broadly and looking at some of the currencies that are less established, and how some of the exchanges operate.

But there’s too much legitimacy with bitcoin and perhaps even a couple others. The bitcoin “team” has really professionalized and I think rough regulatory patches will only end up helping it become fully established.

The SEC is reviewing ETF applications - and if those get approved, Katy bar the door. If they don’t, there’s still a market but it will continue to be harder to define.

It's tempting. I got emotional and bought some a couple of weeks ago at too high a price. Even with the fall today I'm up 35% or so. But that can go away overnight, so there's that.

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[Tapxe]

I've been expecting this. Profit taking makes sense after that insane run up. If a big enough chunk of profit is taken it can reduce the price to where stop loss limits hit and more sales flood the mkt. At least this time it's not a flash crash.

 

[RazorSaint]

It's tempting. I got emotional and bought some a couple of weeks ago at too high a price. Even with the fall today I'm up 35% or so. But that can go away overnight, so there's that.

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Yeah I'm with you. Still up on my initial investment but it's hard to keep perspective when you lose 30% in a few hours.

 

[Brennan77]

Yeah I'm with you. Still up on my initial investment but it's hard to keep perspective when you lose 30% in a few hours.

And now it looks like I missed the opportunity this morning. Oh well. I was incorrect, btw. I was up 63% as of my last post and somehow feeling down about it. It's wild.

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[Tapxe]

And now it looks like I missed the opportunity this morning. Oh well. I was incorrect, btw. I was up 63% as of my last post and somehow feeling down about it. It's wild.

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It's dropping again. I think it keeps this up until after the new year and then starts to rise again.

 

[Tapxe]

https://www.cnbc.com/2017/12/22/coi...ing-temporarily-disabled-amid-price-rout.html

Coinbase, one of the biggest bitcoin marketplaces in the U.S., said Friday that trading was temporarily disabled amid a price rout in cryptocurrencies.

"Investigating - All buys and sells have been temporarily disabled. We are working on a fix and apologize for any inconvenience," Coinbase said on its status website at 11:11 a.m., ET.

Seems to have stabilized since then. Wonder if this was some kind of flash crash of sorts.

 

[Beast]

Holy ****

https://blog.patricktriest.com/analyzing-cryptocurrencies-python/

This is something that apparently isn’t that crazy to do as a hobbyist, think about what kind of analytics are being deployed to this market. With massive human participation in a fluid, liquid, market in asset with no direct connection to any tangible or regional interest? It’s perfect for algorithms that aim to predict moves or find correlations in other currencies based on the move of one.

It’s all so SciFi. Institutional money has no business in crypto - that’s reckless.

Looking at this, and then today's results, Ripple (XRP) seems to be the one whose value is least heavily correlated with the others..

What are the consensus best wallets? Exchanges?

 

[superchuck500]

https://www.cnbc.com/2017/12/22/coi...ing-temporarily-disabled-amid-price-rout.html



Seems to have stabilized since then. Wonder if this was some kind of flash crash of sorts.

Or bitcoin traders are quick on the switch. Everyone is worried about devaluation so when there’s selling it can trigger a run - but eventually there are buyers on the dip and it stabilizes. That can happen in a volatile market but not necessarily a flash crash.

 

[Soundwave]

Can someone tell me how Coinbase works? Can I buy and sell whenever?

 

[Brennan77]

Can someone tell me how Coinbase works? Can I buy and sell whenever?

That's the idea. They've had several temporary interruptions in the last couple of weeks though.

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[Beast]

Anyone use Kraken? I like that it's American based and been around for a while.