$1000 bitcoin

Winston_McFail said:
Not to get on his cock too much.. lol, but I gotta give another shout out to BigWill...

Followed his buy advice twice now.. The arrows on the chart below correlate with when he posted "Buy"...



p2qcZMF.png
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@Will what exchange do you use? Coinbase barely dipped at all. Went from about 1050 to 950 so I didn't think it was worthwhile to get any more.
 


7thAmigo said:
Seems like you are the crypto expert here. What do you recommend buying at this point? BC, LC, or PC...or anything else? Thanks!
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I'm not really. I am just good at following trends and patterns, I see the sheep being herded.

The more coins that pop up the more they will become obsolete. I wouldn't risk investing in any other coin however there is money to be made.

I don't have enough time to analyze more than one coin either.
 
BigWill said:
I'm not really. I am just good at following trends and patterns, I see the sheep being herded.

The more coins that pop up the more they will become obsolete. I wouldn't risk investing in any other coin however there is money to be made.

I don't have enough time to analyze more than one coin either.
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Agreed BTC is the only one worth buying.
 
BigWill said:
I'm not really. I am just good at following trends and patterns, I see the sheep being herded.

The more coins that pop up the more they will become obsolete. I wouldn't risk investing in any other coin however there is money to be made.

I don't have enough time to analyze more than one coin either.
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conjamuk said:
Agreed BTC is the only one worth buying.
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Litecoin at least brings something to the table with its lower confirmation times. I2E has me pretty sold on the idea that those lower confirmation times would be useful (or necessary) if we ever got to the point where we used crypto for point of sale transactions (laughingguerillas.gif)

All the others are completely sketchy though imo.
 
mikeshinobi said:
Litecoin at least brings something to the table with its lower confirmation times. I2E has me pretty sold on the idea that those lower confirmation times would be useful (or necessary) if we ever got to the point where we used crypto for point of sale transactions (laughingguerillas.gif)

All the others are completely sketchy though imo.
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Confirmation times are irrelevant. In a point of sale BTC transaction you're not going to ask the person to sit around for a few minutes to wait for confirmation regardless of whether it's 2 minutes or 20 minutes.

The only customers who will try to scam with btc are the same ones who already scam with fiat (ie. fraudulent chargebacks).

IMO all these smaller coins try to convince people to use them because they have 1 or 2 small features that make them better than BTC, but in reality none of that really matters, and the only important factor is marketing.
 
o hai guyz said:
Confirmation times are irrelevant. In a point of sale BTC transaction you're not going to ask the person to sit around for a few minutes to wait for confirmation regardless of whether it's 2 minutes or 20 minutes.

The only customers who will try to scam with btc are the same ones who already scam with fiat (ie. fraudulent chargebacks).

IMO all these smaller coins try to convince people to use them because they have 1 or 2 small features that make them better than BTC, but in reality none of that really matters, and the only important factor is marketing.
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Alright, good points.
 
mikeshinobi said:
Litecoin at least brings something to the table with its lower confirmation times. I2E has me pretty sold on the idea that those lower confirmation times would be useful (or necessary) if we ever got to the point where we used crypto for point of sale transactions (laughingguerillas.gif)

All the others are completely sketchy though imo.
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In the end it will be 1 coin that everyone uses. Im leaning towards BTC. But it could go another way in the long run.
 
sennin436 said:
yauza yauza yauza :338: looks like the news about china's central bank banning financial companies from using bitcoins has incited a run (at least in china):
China Bans Financial Companies From Bitcoin Transactions - Bloomberg

prices are dropping fast. might be a good time to sell some and buy back again when it's cheaper.
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This was terrible news. If I see this right, the chinese won't be able to buy crypto with fiat easily more. Considering that it was the probably the Chinese rush which pumped bitcoin to above $1k, we might be headed to below $500 sometime soon. Careful, bros.
 
BigWill said:
BUY!!! lol.

they simply banned the banks from using it. not the people.
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I bought ;)

China isnt the only country in the world and there will probably be hiccups on the way whatever happens...

I mean...Noooo sell sell!
 
jacky8 said:
This was terrible news. If I see this right, the chinese won't be able to buy crypto with fiat easily more. Considering that it was the probably the Chinese rush which pumped bitcoin to above $1k, we might be headed to below $500 sometime soon. Careful, bros.
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From the way it's phrased, it just means that the banks themselves can't deal with crypto, for example using it as an investment vehicle. It doesn't say anything about banks being blocked from wiring money to exchanges if customers choose to do that through online banking like they currently do.

If you look at some of the quotes you can also tell that not much research was done prior to this, ex "no intrinsic value" (same as fiat) and "virtual money is not currency" (so I should withdraw all the virtual fiat from my bank account?). Sounds like they just read a couple wikipedia articles, panicked, and slapped down some regulation, so in the future when they realize they were wrong the regulation could easily change to be even more favorable.

I'm planning to hold. If it dips under 700 on Coinbase I'll pick up some more, but doubt that will happen.
 
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