Trading Crypto currency

ricecakes · Post by **ricecakes** » Sun Jun 11, 2017 8:29 pm

RobW wrote:
ricecakes wrote:ETH now $337

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Good work ricey. What's driving this, do you reckon?

Also, so I can get excited for you, tell me you bought a pile of them and not just one or two.

I'm a momentum trader. Don't care what the base unit is. I have no idea what's driving crypto currency rallies. Don't care.

Bitcoin rallied like a motherfucker.

Others were bound to follow.

A bit more than a few ETH on board Robert.

Can I call you that or will your alter ego get upset ?

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ricecakes · Post by **ricecakes** » Sun Jun 11, 2017 8:35 pm

Marmite wrote:I don't understand ricecake's glee about the rising price because he has said he is trading them, not investing in them. There is a difference. If you are trading then you are buying and selling all the tin to take profit from fluctuating markets. A continually rising price is bad for trading.

It sounds to me like he is buying and holding - a dangerous strategy. It's getting into tulipmania territory and a lot of people who pay no attention to history are going to get burned very soon.

Do you know what "free carried" is ?

Look it up.

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RobW · Post by **RobW** » Sun Jun 11, 2017 9:39 pm

ricecakes wrote:
RobW wrote:
ricecakes wrote:ETH now $337

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Good work ricey. What's driving this, do you reckon?

Also, so I can get excited for you, tell me you bought a pile of them and not just one or two.
I'm a momentum trader. Don't care what the base unit is. I have no idea what's driving crypto currency rallies. Don't care.

Bitcoin rallied like a motherfucker.

Others were bound to follow.

A bit more than a few ETH on board Robert.

Can I call you that or will your alter ego get upset ?

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Robert is my name, as you know Justin, so that's fine.

What do you reckon is driving this extraordinary bull charge though fella? Genuinely interested. I haven't kept up with these things.

violet · Post by **violet** » Mon Jun 12, 2017 3:33 am

An idiot's guide to building an ethereum mining rig

https://motherboard.vice.com/en_us/arti ... ource=mbfb

ricecakes · Post by **ricecakes** » Mon Jun 12, 2017 5:19 am

Not really sure. If I had to guess id say amongst many factors the crypto currencies are gaining wider understanding / acceptance in society . I mean....if mugs like me are researching and trying to get their heads around it, it means the currencies are going more "main stream". It is a much different landscape now though and it is very confusing. Once it seemed like there was just bitcoin but now there are many many digital coins popping up. Supply and demand issues are also at play. Unlike your average penny dreadful stock which might have a billion shares on the their register, some of these crypto currencies are tight. ETH had around 90m supply late April. My limited understanding is that more get released as the block chain grows but they have caps on how many will ever be in existence apparently. I think BTC is capped at 319m.

Don't even try to get your head around mining the currencies. That is a mental cluster fuck of the highest order

ETH now $352

epidemiks · Post by **epidemiks** » Mon Jun 12, 2017 12:38 pm

The Bitcoin protocol caps the number of coins at 21m, with coins divisible to the 8th decimal - around $0.00002921 usd at current market price.

If they change the protocol, a new limit could be set.

Ether, I believe, will release more at a rate of 18m each year.

Gin&Tonic · Post by **Gin&Tonic** » Mon Jun 12, 2017 1:34 pm

I looked at btc as an investment years ago and came to the quick thought that it was a fad. I still think they are but current markets contradict that. The future though is uncertain. One thing for sure is that the banks and governments of the world aren't going to let an unregulated currency steal their pie.

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kiiniaew · Post by **kiiniaew** » Mon Jun 12, 2017 3:18 pm

This is an interesting article on crypto-coins, the blockchain, smart-contracts and how it could be used for good or evil (if the A.I / robotics race does not finish us off first...).
https://www.theatlantic.com/technology/ ... nd/528543/

It's hard to predict if the whole thing will blow up or it goes like the internet (who needs that?) and computers (64kb memory is more than enough).
Right now the price increase seems fueled by VC and other investors + a minority of the general public, driven by news and hype. Sure, we will see crashes at various intervals but the top 5 coins will likely keep going.
They might change over time as better techniques come out. Right now BTC is gold and Ethereum is silver. If coins become less volatile and the general public has a use for them the current prices are peanuts.

Be smart, take your investments out and play around with your profits. Use kraken or other trading platforms to sell at a fixed price so not all of your profits will be lost during a big crash. Stuff happens fast so it is entirely possible to wake up and see your coin has been wiped out overnight.

ricecakes · Post by **ricecakes** » Mon Jun 12, 2017 3:28 pm

ETH now $371 and capped at $34bn.

BTC gone $3000

What a ridiculous week.

ricecakes · Post by **ricecakes** » Mon Jun 12, 2017 6:58 pm

Jesus H Titty fucking christ

ETH hit $416 today.

violet · Post by **violet** » Mon Jun 12, 2017 7:05 pm

I hope you bought a decent amount

ricecakes · Post by **ricecakes** » Thu Jun 15, 2017 3:42 pm

I'm out. Not the top unfortunately but $140 to $360 in 3 weeks is fine by me. From here.....not game to call it.

Spigzy · Post by **Spigzy** » Thu Jul 06, 2017 11:05 am

ricecakes wrote:I'm out. Not the top unfortunately but $140 to $360 in 3 weeks is fine by me. From here.....not game to call it.

Probably a safe bet

ricecakes · Post by **ricecakes** » Fri Jul 07, 2017 9:51 am

Didn't Michael Jackson blow bubbles ?

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