BITCON... WHY its totally FLAWED

RetardedMonkey said:
1for1 said:
im 100% BTC at the mo
Click to expand...

Same.

Cashed out of PPC this morning during the peaks.

Swapped my LTC into BTC when it was about 0.021 (in hindsight it was a bit too soon), but that was a quite breakout from when it had been trading at 0.020 or under for a few days.

Just awaiting LTC to go below 0.02 and ill be back in
Click to expand...

RM,

Ya got it wrong ... "PPC will overtake physical gold in due time. its written and so it shall pass" (Source: Trollbox on BTC-e.com) :lol:
 
Just poking abit of fun noting how the attention is well back to PMs on this forum.

If past broken parabolic moves are anything to go by I would bet the price is going down more.
 
Ok guys, not sure where to post this, but I think this is probably the best place to see what the other similar minded people on here are thinking about.
I am sure we are several to be sharing concerns about the metals and what they hold for the future. While I remain convinced the fundamentals are intact, I am yet to be convinced the metals will be reacting as predicted and providing some sort of hedge.
I am holding onto my metals, not planning on selling any but I am holding off any purchases right now. Looking at the current environment, I was wondering where you guys were currently looking at putting some cash towards. I am not a big fans of the stock market, so that limits the options... any things you guys are looking at?

Cheers
 
1for1 said:
Such similar strategies.. seems like that is basically what i have done.. i did very very well trading my BTC to LTC early on.. turned my btc into ltc and doubled my stakes... since then ive failed in trades and down to about 25%.. Mainly due to poorly timed btc-ltc ratio trades.

1for1
Click to expand...
Made the wrong call there, didn't we?
 
RetardedMonkey said:
1for1 said:
Such similar strategies.. seems like that is basically what i have done.. i did very very well trading my BTC to LTC early on.. turned my btc into ltc and doubled my stakes... since then ive failed in trades and down to about 25%.. Mainly due to poorly timed btc-ltc ratio trades.

1for1
Click to expand...
Made the wrong call there, didn't we?
Click to expand...

Yes.. but this time im holding.. not going to go all short terma nd panic.. btc ratio will rebound.. seems obvious to me the alts are getting pumped then dumped on a cyclical basis.

1for1
 
1for1 said:
Yes.. but this time im holding.. not going to go all short terma nd panic.. btc ratio will rebound.. seems obvious to me the alts are getting pumped then dumped on a cyclical basis.

1for1
Click to expand...
LTC has remained rather steady though, I must admit.

Everything else is moving around it lol
 
Phiber said:
Ok guys, not sure where to post this, but I think this is probably the best place to see what the other similar minded people on here are thinking about.
I am sure we are several to be sharing concerns about the metals and what they hold for the future. While I remain convinced the fundamentals are intact, I am yet to be convinced the metals will be reacting as predicted and providing some sort of hedge.
I am holding onto my metals, not planning on selling any but I am holding off any purchases right now. Looking at the current environment, I was wondering where you guys were currently looking at putting some cash towards. I am not a big fans of the stock market, so that limits the options... any things you guys are looking at?

Cheers
Click to expand...

Continue to invest in physical PM's & trade/learn about cryptocurrencies. The value of crypto is backed by a community of users & potentially/ultimately the Internet itself. Presently that's represents around $50B per year for the Australian economy.
 
Phiber said:
Ok guys, not sure where to post this, but I think this is probably the best place to see what the other similar minded people on here are thinking about.
I am sure we are several to be sharing concerns about the metals and what they hold for the future. While I remain convinced the fundamentals are intact, I am yet to be convinced the metals will be reacting as predicted and providing some sort of hedge.
I am holding onto my metals, not planning on selling any but I am holding off any purchases right now. Looking at the current environment, I was wondering where you guys were currently looking at putting some cash towards. I am not a big fans of the stock market, so that limits the options... any things you guys are looking at?

Cheers
Click to expand...

You could open a brokerage account and authorise the trading of mini's on it (they are like warrants).

www.citifirst.com.au has some good documentation explaining mini's in full and their current offerings.

You can "bet" long or short on almost anything and leverage all you like - it's my favourite area to bet my cash.

With the leverage you can either lose a heap, or make a heap...they do have built in stop losses though so you never lose 100%.

I shorted the AUD/USD when it was over $1.05 the other day on 97% leverage, closed it out today in the low $1.03 range and made pretty much 100% profit.

Actually, this is probably not a good suggestion, its basically full on gambling... :lol:
 
pro$pector said:
Phiber said:
Ok guys, not sure where to post this, but I think this is probably the best place to see what the other similar minded people on here are thinking about.
I am sure we are several to be sharing concerns about the metals and what they hold for the future. While I remain convinced the fundamentals are intact, I am yet to be convinced the metals will be reacting as predicted and providing some sort of hedge.
I am holding onto my metals, not planning on selling any but I am holding off any purchases right now. Looking at the current environment, I was wondering where you guys were currently looking at putting some cash towards. I am not a big fans of the stock market, so that limits the options... any things you guys are looking at?

Cheers
Click to expand...

You could open a brokerage account and authorise the trading of mini's on it (they are like warrants).

www.citifirst.com.au has some good documentation explaining mini's in full and their current offerings.

You can "bet" long or short on almost anything and leverage all you like - it's my favourite area to bet my cash.

With the leverage you can either lose a heap, or make a heap...they do have built in stop losses though so you never lose 100%.

I shorted the AUD/USD when it was over $1.05 the other day on 97% leverage, closed it out today in the low $1.03 range and made pretty much 100% profit.

Actually, this is probably not a good suggestion, its basically full on gambling... :lol:
Click to expand...

You start it.... i will market it OR ill be your first customer!

1for1
 
Hahaha maybe I should start my own Silver Stackers investment fund, except I don't invest in gold and silver.

Just highly leveraged mini's and cryptocurrencies hahaha.

The ATO would have me in jail within a month I think...good thing my partner is a finance lawyer so I'd get cheap representation!
 
I'm happy to give you my money to invest

God only knows, everything I've invested in during the last 3-4 years is in the red!

Joy :\
 
I picked up quite a haul of silver from the Perth Mint last week at $870 per kg and thought I was getting a bargin...how wrong I was... :lol:
 
RetardedMonkey said:
I'm happy to give you my money to invest

God only knows, everything I've invested in during the last 3-4 years is in the red!

Joy :\
Click to expand...

Yep :/
 
Makes you wonder where to invest doesn't it?
I really hope this is a spike down that will end the bear correction and resume the bull run... But I am not counting in this right now
 
aleks said:
back down to $67 WWWEEEEEEEEEEE
Click to expand...

Yes, even bitcoin is dropping further.
Let's give it a week or two and it should start to stabilise as some speculators might move on.
I believe we will see another bull run in a year or so if we can reach a bottom price in the coming weeks.
We should stay above $50 I reckon? Hard to say - it looked like we were hanging around the $100 mark for a few days.
 
Watching the show Goldrush the other night & the self imposed target for the season is/was 1000ozt so they attracted 1 million in investment from various partners & the'll be lucky to break even once all the costs come out. So I was thinking if you invested 1 million for a crypto mining company how seriously you could shake the system. In Aus it would be perfect, run everything in the desert via satellite & solar power.
 
Dynoman said:
So I was thinking if you invested 1 million for a crypto mining company how seriously you could shake the system. In Aus it would be perfect, run everything in the desert via satellite & solar power.
Click to expand...
If you could independently (and fairly rapidly) develop and deploy ASIC miners, you could bring a lot of things to a stand still in cryptocoin world.
 
You must log in or register to reply here.
Back
Top