The Bitcoin Thread

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HunterNW said:
Mr.Ree .... just buy more now - feels great buying at this price. :D
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I maxed myself out so badly right now.. I got a buy in yesterday at 145K but that was barely much.. it was 5K.. I think my grandmother wants to invest lol so I’m gonna take money from her
 
I haven't panic selled and not going to. I'm slowly changing my outlook to more of a medium to long term one, BTC will rise again.
 
Forgot I had a buy order at 150k, thought it would never drop there again and haven't been watching the market.
Next minute I get a notification on luno that I bought :D, I was like OH F, wtf is there a mistake, went on and say 140k

Fun times, then I just get flamed from my buddies, so how much money did you lose today. My standard reply, nothing!
 
terencej said:
Taking money from Grandma to gamble! :D
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Lol I swear she sits and hears us talking and she decides now she wants to be part of the fun lol so I said why not.. now I have to open a Luno Account for her
 
Mr.Ree said:
Lol I swear she sits and hears us talking and she decides now she wants to be part of the fun lol so I said why not.. now I have to open a Luno Account for her
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I know. My dad did the same thing.
My issue with crypto currency is exactly this. People are pumping money into something they do not understand. Ma dad heard bitcoin made someone money and then he wanted in but he has no idea and is not reading up on it. Just want to buy and thats it.

I really think people that invest in Crypto should do their homework first.

This might also be a reason for Bitcoin dropping at the moment. People jumped on the band wagon not knowing what they are getting into(lots of people spent bonus or part of it on Coin) and now it is dropping a bit a lot of people are panic selling since they do not know. The black hole which is Crypto is scaring the hell out of them and this sell of might continue until you are left with the brave or and the whales.
 
Mr.Ree said:
Lol I swear she sits and hears us talking and she decides now she wants to be part of the fun lol so I said why not.. now I have to open a Luno Account for her
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Any loving grandchild would have already split his holding into grandparents/parents/siblings piles :whistle::D
 
How's this: Spread the word and everyone just hodl. Don't sell even one satoshi. We'll see the price on Luno climb verry quickly...
 
HunterNW said:
How's this: Spread the word and everyone just hodl. Don't sell even one satoshi. We'll see the price on Luno climb verry quickly...
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How's it gonna rise if everyone is holding since no one is gonna be able to buy anything?
 
terencej said:
I know. My dad did the same thing.
My issue with crypto currency is exactly this. People are pumping money into something they do not understand. Ma dad heard bitcoin made someone money and then he wanted in but he has no idea and is not reading up on it. Just want to buy and thats it.

I really think people that invest in Crypto should do their homework first.

This might also be a reason for Bitcoin dropping at the moment. People jumped on the band wagon not knowing what they are getting into(lots of people spent bonus or part of it on Coin) and now it is dropping a bit a lot of people are panic selling since they do not know. The black hole which is Crypto is scaring the hell out of them and this sell of might continue until you are left with the brave or and the whales.
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Don't blame crypto - blame the naive players...
 
L10Yn said:
How's it gonna rise if everyone is holding since no one is gonna be able to buy anything?
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HODLING BTC, not fiat. Supply and demand. If nobody is selling, less available, so price will climb, since the ones that want in, have to pay a higher price, in FIAT. SO the BTC Hodlers win by the price increasing.
 
balrog said:
HODLING BTC, not fiat. Supply and demand. If nobody is selling, less available, so price will climb, since the ones that want in, have to pay a higher price, in FIAT. SO the BTC Hodlers win by the price increasing.
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YES..... There's the answer. Thanks balrog :D
 
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