Off Topic Bitcoin.

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Re: Off Topic Bitcoin.

Post  TuronYellowFever on Mon Nov 20, 2017 8:20 pm

I'd find a new " professional" crypto trader Nero lmao...its now $10600 and rising. Obviously doesn't know what he's talking about. Blockchain and cryptos are going to disrupt the global economy like nothing we've seen in our life times ...imho

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Re: Off Topic Bitcoin.

Post  Alan WA on Thu Dec 07, 2017 12:12 pm

Bitcoion is showing us what gold should be doing if it wasn't being manipulated.

Big surge at the moment.
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Re: Off Topic Bitcoin.

Post  deutran on Thu Dec 07, 2017 12:16 pm

Minermike wrote:Younger people on this forum   should look into   Bitcoin because it is going to  affect  your life.   Last year it increased in value  by 100 %  I expect it to double again this year.  It is already up 79 %    this year.  I did have some that I paid about  $890  for   , they are now worth about $2,400 .  I no longer have them....   Some people predict    that they will go to  $10,000  -$ 50,000  or even $1 million , for one !  Buy one and hold it,  better than buying and selling gold.
Minermike I think you got it right Very Happy
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Re: Off Topic Bitcoin.

Post  Minermike on Thu Dec 07, 2017 12:52 pm

Been having computer problems .    I bought a little Bitcoin  yesterday  for AUD$17,800  , I thought  afterwards  that I might be a little stupid doing that .   Last sale to day  AUD$22,349  and still going up . Laughing Laughing Laughing

BTW a little was 0.1118 Bitcoin .


Last edited by Minermike on Thu Dec 07, 2017 12:53 pm; edited 1 time in total (Reason for editing : more info .)
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Re: Off Topic Bitcoin.

Post  Minermike on Thu Dec 07, 2017 2:52 pm

Just think I was telling you guys and gals to have a look at Bitcoin . In May you could have bought it for AUD$2,400 . O.K. it is a risk , so is betting on a horse .. If you had taken the risk you might be able to retire now . I think it will still go up for the next 2 weeks.
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Re: Off Topic Bitcoin.

Post  Minermike on Thu Dec 07, 2017 3:20 pm

On Nov . 12 th I bought 0.2341 Bitcoin at AUD$8,500.01 It can drop in price but I think I will still be in front . Very Happy Very Happy Very Happy
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Re: Off Topic Bitcoin.

Post  WF2.0 on Fri Dec 08, 2017 6:20 am

It just keeps on powering up in price. A lot of brokers of the CFD instruments have had to change the way they offer it. For instance plus500 use to allow the purchase of 65 bitcoins and now it has a maximium of a third a coin in one trade. They do allow multiple trades though. IG markets now require a million dollar margin to trade bitcoin.
I read somewhere that someone spent 10000 bitcoins for a pizza in the early days!! If true i hope he had plenty more and held onto some so that he doesnt have to think it cost him a 100 million dollars. Living with that kind of regret would be difficult indeed.
Cheers


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Re: Off Topic Bitcoin.

Post  bubbazoo on Fri Dec 08, 2017 12:39 pm

$25400 on BTC Markets at the MO Very Happy

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Re: Off Topic Bitcoin.

Post  rc62burke on Fri Dec 08, 2017 12:55 pm

Thanks Mike
Wink Wink Wink Shocked Shocked Shocked Shocked Very Happy Very Happy Smile Laughing Cool Cool Cool Cool bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce bounce affraid affraid cheers cheers cheers cheers Q13 Q06 Q16 Q16 Q16 Q18 Q18 Q17 Q17 Q38 Q38 Q38 Q38 Q25 Q25 Q39
Litterally no words Q27 Q27 Q27 Q27 Q32 Q32 Q32 Q32 Q32
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Re: Off Topic Bitcoin.

Post  Minermike on Fri Dec 08, 2017 2:42 pm

Pleased to see it is still going well for you ,Lee . I was worried that you were having problems with that other mob. They never replied to my e-mail . Bit of a thunderstorm going on in Sydney at the moment . Will have wait a bit before going shopping .
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Re: Off Topic Bitcoin.

Post  rc62burke on Fri Dec 08, 2017 4:42 pm

No problems mate, I couldn't be happier
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Re: Off Topic Bitcoin.

Post  adrian ss on Fri Dec 08, 2017 4:57 pm

Minermike wrote:On Nov .  12 th  I bought   0.2341   Bitcoin at  AUD$8,500.01     It can drop in price but I think I will still be in front . Very Happy Very Happy Very Happy

Was that 8,500.01 per Bitcoin or per 0.2341 Bitcoin.

Do you reckon it is too expensive for ordinary folk to buy Bitcoin now??....Like if I spent 1000 dollars on a bitta Bitcoin now instead of another detector would I be any richer in a couple of years??
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Re: Off Topic Bitcoin.

Post  Mechanic on Fri Dec 08, 2017 5:37 pm

A mate mentioned bitcoin to me back in 2009 and I was like "yeah whatever"
Damn it!!!

I bought a bit of a bitcoin when it was 13k and so far I am happy, Lee, just don't pull all yours out at once otherwise the value of mine will be less Razz

It is really amazing how much momentum bitcoin is building, just keeps going up and up. Except for this afternoon..

Cheers Mick

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Re: Off Topic Bitcoin.

Post  Alan WA on Fri Dec 08, 2017 9:43 pm

bubbazoo wrote:$25400 on BTC Markets at the MO Very Happy

You talking Kiwi $ ?
I didn't see that where i look.
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Re: Off Topic Bitcoin.

Post  Alan WA on Fri Dec 08, 2017 9:47 pm

adrian ss wrote:
Minermike wrote:On Nov .  12 th  I bought   0.2341   Bitcoin at  AUD$8,500.01     It can drop in price but I think I will still be in front . Very Happy Very Happy Very Happy

Was that 8,500.01 per Bitcoin or per 0.2341 Bitcoin.

Do you reckon it is too expensive for ordinary folk to buy Bitcoin now??....Like if I spent 1000 dollars on a bitta Bitcoin now instead of another detector would I be any richer in a couple of years??

Hey Adrian

Work out what you plan to spend on lotto in the next 6 months or year and 'invest' that.
Rekon your chances would be better. Wink Very Happy
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Re: Off Topic Bitcoin.

Post  WF2.0 on Sat Dec 09, 2017 8:41 am


Great to see some have done well. I hope you guys have an understanding of the effect of the Futures market on your investment. Perhaps you already have an account opening and will utilise the futures to hedge what you have.
The listing on the CME essentially creates a legitimate derivatives market which will be much larger than physical bitcoin, in the same way it does with gold. In the case of Gold the derivatives (paper money) is 10x larger than the physical market. With derivatives the product simply mirrors the price of a commodity. Some of the dangers are related to the fact that institutions using futures and options trading strategies can have great control over prices.

Institutions and other speculators can make money on the rise of said derivative or when it goes down in price via shorting. The way I see it is that the people in the know with vast ammounts of money (their own or fund managers) will utilise these exchanges for the flexibilty and function they offer. Basically there is not much need to own any physical bitcoins for these investors.

The transitional period will be interesting indeed. I hope everyone does well. I havent taken the plunge on any investments, yet do study the financial markets with interest as i hope to one day make some coin on it.

Cheers



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Re: Off Topic Bitcoin.

Post  Minermike on Sat Dec 09, 2017 10:53 am

Hi Adrian,
It was AUD$8,500.10 for 1 Bitcoin , so I spent about $2,000 . I think it will keep going up , some people say it will go $100,000 per Bitcoin in 2 years. Most of the estimates have been off the mark , too low ! On Independent Reserve you can see the price in USD , AUD and the NZ dollars . At the moment you can only buy Bitcoin , Bitcoin cash and Ethererum from Ind. Res . I hold some Ethereum from June and Oct . this year and I am about 50% ahead . I also buy lottery tickets every week . Think of it as buying and selling shares , you can set up an a/c without putting any money in . Then you can open the trading page an see how it works .

AS you get older it becomes more difficult to dig holes in the wet sand !
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Re: Off Topic Bitcoin.

Post  goldinthehole on Sat Dec 09, 2017 11:08 am

interesting stuff this Bitcoin is it hard to buy some ?
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Re: Off Topic Bitcoin.

Post  Minermike on Sat Dec 09, 2017 11:45 am

Not really  , you just have to jump through all the Gov. hurdles .  You have  to buy   from  a broker , like shares.   To set up an a/c you have to prove  who you are ,  like a new bank a/c .   You can set it up with out putting any money in  and then you can see the trading page and  see how it all works .

 I have an a/c with www.independentreserve.com   in Sydney .   There is another one in Melb .  www.btcmarkets.net

Have a look at https://coinmarketcap.com this gives you a lot of info on all the coins .


Last edited by Minermike on Sat Dec 09, 2017 11:50 am; edited 1 time in total (Reason for editing : more info .)
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Re: Off Topic Bitcoin.

Post  goldinthehole on Sat Dec 09, 2017 11:59 am

Ok thanks Mate i might sell some gold nuggets and buy something like this , my 13 year son told me to buy Bitcoin years ago i though it was kids stuff !!

Wayne .
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Re: Off Topic Bitcoin.

Post  Minermike on Sat Dec 09, 2017 1:57 pm

Buy half a Bitcoin and tell your son he can have it to pay his Uni. fees !
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Re: Off Topic Bitcoin.

Post  goldinthehole on Sat Dec 09, 2017 3:01 pm

Hes 20 now and no longer a student , so Bitcoin must have been a new currency then ,

Kids we should listen to hey !!
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Re: Off Topic Bitcoin.

Post  Minermike on Sat Dec 09, 2017 3:39 pm

He will help you out to buy some, he most probably knows more about it than me !
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Re: Off Topic Bitcoin.

Post  onthehunt on Sat Dec 09, 2017 6:43 pm

Minermike wrote:Just think  I was telling you  guys and gals to have a look  at Bitcoin .  In  May you could have bought it for  AUD$2,400   .  O.K. it is a risk , so is betting on a horse ..  If you had taken the risk you might be able to retire now .   I think it will still go up for the next 2 weeks.  

If, if, if. I find that in nearly all forms of stock or currency trading you live a life of regret. Rarely are you happy with your decisions when given the benefit of hindsight. I recently made 45% on Artemis (Pilbara gold) in 10 days, and I was still kicking myself that I didn't buy sooner. Kicking myself when I've made a 45% profit in 10 days. That's what I mean, always what if.

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Re: Off Topic Bitcoin.

Post  Wombat on Sun Dec 10, 2017 7:18 am

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Re: Off Topic Bitcoin.

Post  adrian ss on Sun Dec 10, 2017 7:34 am

Interesting that whenever I try to get onto a particular Bitcoin live price tracker my computer freezes and Google drops out. Suspect
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Re: Off Topic Bitcoin.

Post  Minermike on Sun Dec 10, 2017 9:17 am

I just follow the price on Independent  Reserve .  Due to their size  other brokers have different prices .

Try this one https://bitcoinwisdom.com


Last edited by Minermike on Sun Dec 10, 2017 9:22 am; edited 1 time in total (Reason for editing : more info .)
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Re: Off Topic Bitcoin.

Post  Alan WA on Sun Dec 10, 2017 10:15 am

I've just noticed my data usage has shot up since I've been monitoring the prices.
Mainly on the bottom of the Kitco site.
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Re: Off Topic Bitcoin.

Post  bubbazoo on Sun Dec 10, 2017 7:11 pm

Alan WA wrote:
bubbazoo wrote:$25400 on BTC Markets at the MO Very Happy

You talking Kiwi $ ?
I didn't see that where i look.

Go to Buy Sell BTC choose historical chart 1 Month the price was $25.490 at 11.00 on the 8Th Dec on the aussie btc markets Alan WA

Dave

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Re: Off Topic Bitcoin.

Post  Minermike on Mon Dec 11, 2017 9:21 am

Looks like Bitcoin is catching its breath before moving up again !
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Re: Off Topic Bitcoin.

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