Coinspot
- Thread starter Brad_886
- Start date
$0 is a price point where I'm a buyer
. But i think it will settle back under $2000. I don't see it dying, just the speculation side dying. I think john Mcafee will end up eating his dick, assuming he still has one. With all the random women he sleeps with that want to kill him, it could have been removed already.
I used to be like you, open your mind mate, I've made more in a week, than in years of silver and gold
Anyways seems the whole site had a flash crash, got ltc for 140, xmr for 280, btc for 14900, nxt for .5, prices back up again, that was an exciting couple of minutes
Well done.
Lets not kid our self. It was a bull market where almost everything went up, all you had to do is put money in and wait or buy and sell at 20% spreads which happens every day. I'm not going to pretend i made money in cryptos because i did good research or was smart with TA or anything.
On a good note, you will be happy as there are much lower prices to come.
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Congrats! Working is overrated, if you keep making big profits maybe you can retire soon.
Backed by people....!
Unlike fiat which is backed by nothing anymore.....!
By nothing do you mean the biggest and most powerful military power the world has ever seen? Yea I guess thats not much.
Backed by force.... Yes! I agree but it's not backed by anything it should be backed by... Like gold for example!
Force is all that is needed. I never said I liked it. It's a lot more effective then a few guys playing on the computer. Indirectly it's backed by oil and I would say that is very real.
Crypto isn't playing on a computer, its just maths. Even if the internet disappears your bitcoins are safe they just can't be used. That being said the reason all of us need to have precious metal insurance plans is because the internet may disappear or become heavily restricted in the future. Anyone putting 100% of their eggs in a basket is foolish imo.
Retail markup, if it's any consolation their buy prices match their sell prices 99% of the time.
Supply and demand, I think. There are more Aussies buying crypto at the moment than selling, so our prices are higher. Great if you are selling. Korea has a lot of buying at the moment and their prices are even crazier.
If you are looking to buy in significant volumes, the price difference would justify signing up to a foreign exchange and paying the bank wire fees and forex charges to get cheaper prices. Then when time comes to sell, use a local exchange (if the price differences are still there at the time).
If you are looking to buy in significant volumes, the price difference would justify signing up to a foreign exchange and paying the bank wire fees and forex charges to get cheaper prices. Then when time comes to sell, use a local exchange (if the price differences are still there at the time).
There is probably a backlog due to so many new people signing up recently.