Bitcoin and Cryptocurrency Thread

[Atramental]

I now own 1+ BTC (ETH and BCH combined). 

edit: well assuming it doesn't all go to shit in a few seconds. 

[Atramental]

FUCKING FUCK

BITTREX YOU CLUNKY PIECE OF SHIT

Couldn't put my sell order out in time and it just ate .20 of my BCH/BCC sats.

Should've gotten out when I was still ahead.

[BobFromPikeCreek]

Jesus. People submitting 500,000 CAD buy orders for BCH on quadrigacx.com hundreds of dollars above last trade value.

[Atramental]

BTC is hitting 6000 [correction 5900] USD right now

I think BCH has one more moon mission in it. I'm going back in. 

edit: nope out. Its volume is gone.

Was able to scalp a handful of sats.

[BobFromPikeCreek]

Almost cashed out my BCH but it started surging up again. The rollercoaster ride continues

[BobFromPikeCreek]

It keeps going up! Jesus. I'm not sleeping tonight...

[BobFromPikeCreek]

Uh. You got off the BCH bus a bit too early Atra.

[BobFromPikeCreek]

I've (potentially) made over four thousand dollars in the last few hours. Now, most of that is covering stupid losses, but holy shit dude.

(and part of me dies a bit thinking about what could've been if I'd hodl'd BCH)

[Atramental]

Uh. You got off the BCH bus a bit too early Atra.

Are you using Bittrex?

It wasn't looking so great there as far as volume was concerned.

[BobFromPikeCreek]

Quadriga actually. Cashed out. Looks like it's slowly coming back down, but who fucking knows. All I know is I'm back up a fair bit and this is too stressful for me right now

[Atramental]

Yeah, bittrex was a totally different story.

Shit imploded seconds before I could get out. 

Nothing is looking promising right now. Alts are either stagnant or nose diving.

edit: BCH on bittrex is going sideways but slightly up. Maybe I'll just stay in it and see where it goes.

[BobFromPikeCreek]

Wouldn'tcha know it? BCH went up another 200 dollars since I cashed out

[Atramental]

I'm cashing out of BCH since I now have 1.01000287 BTC (was going back and forth between .9 to .89 for a bit).

Jesus H. Christ what a clusterfuck tonight.

edit: gonna head to bed now. Will most likely buy more BTC tomorrow with fiat if stays below $6000 usd.

[BobFromPikeCreek]

What the fuck is going on? It just spiked up another 500 bucks... Tempted to buy back in....

[BobFromPikeCreek]

Dude... Is BCH actually becoming the true Bitcoin?

[Atramental]

God I hope not...

I'm not going to buy back in tonight. My brain is fried and buying a coin that is reaching its all-time-high usually doesn't go too well once things start to slow down.

If a correction happens maybe I'll buy back in again.

edit: Also, I can't for the life of me day trade on Bittrex. Its UI/UX is dog shit and the site chugs when there's high traffic.

[BobFromPikeCreek]

BCH's bubble just popped HARD

[BobFromPikeCreek]

Go buy BTC right now if you want to make more money

[Atramental]

Bought some with my coinbase account right before it started shooting up.

[BobFromPikeCreek]

Crypto is 100% gambling This is all nonsense

[Atramental]

I was looking at this chart the entire time:


Look how in sync Bitcoin and Bitcoin Cash are.

Fecking ridiculous. 

[BobFromPikeCreek]

I think I'm taking a long break from Crypto. This shit's far too high stakes and far too stressful for me right now.

[Atramental]

Yeah, I'm just gonna hold my 1 BTC and not look at it for a while. 

edit: my head felt like (and still feels like) it was in a fucking vice grip this whole entire time. 

edit2: I think bittrex is having some serious technical issues. My TradingView charts and its charts are not in sync at all.

Seriously, fuck that place.

edit3: Logged out and logged back in. That fixed the syncing issues. Fuck man.

[Bamelin]

I've only got 0.1. BTC.  If prices stay low by Monday I'll buy more.  Not sure what's going on with Bitcoin Cash but feels like market manipulation.  I have faith in BTC.

[Atramental]

This was perhaps the largest pump and dump in crypto history. 

[Bamelin]

This was perhaps the largest pump and dump in crypto history. 

Agree it certainly feels that way.

Sadly I don't have liquidity until late Monday night ... hoping BTC stays in the dumps until I can grab some on sale.

[warcock]

it's not gambling, it's worse it is being manipulated by a few select fucks that are getting rich while we are getting curbstomped. I'm done putting money into it. I yield. Index fund pleb future for me. Gotta give them credit, they give us the impression that entry barrier is SEEMINGLY somewhat high therefore you get that exclusivity feeling which gives you confidence that you can make money. It's pretty well thought out.

[Atramental]

Yeeeaah... after last night I'm gonna take a week or two off from this shit. 

My job is already stressful enough and doing this on the side is going to really fuck me up. I'm already 10 lbs heavier from stress eating and not getting enough sleep.

But hey, at least I achieved my short term goal of earning 1 BTC.   

[Atramental]

[BobFromPikeCreek]

Yeah fuck Crypto. I'm done. Just watched BTC soar up 1.5k then immediately crash back down. This is not a space I want to be risking anymore money in.

[Atramental]

Yeah, I'm not putting anymore fiat in for a long while.

If bitcoin does "crash" again just be sure to throw it into ethereum or litecoin since that's where everyone else will be dumping their bitcoin for safe keeping. Then once bitcoin hits a key support point trade the altcoins back into bitcoin.

[BobFromPikeCreek]

I've got my money back in fiat right now. Not sure what I want to do. I stupidly jumped back on BCH just before it collapsed and am now slightly back in the negatives. Doing my best to ignore the sunk cost fallacy and just walk away.

[Syph]

This was perhaps the largest pump and dump in crypto history. 

this 100%, and it's not even done

[Bamelin]

So bummed out my pay was supposed to come in today but got delayed a day due to Rememberance Day on the weekend ... missing the btc elevator back up.

[Atramental]

Up $1400 dollars on bitcoin without doing anything. Just letting my money sit. 

[agrajag]

Up $1400 dollars on bitcoin without doing anything. Just letting my money sit. 

that's what I've been doing and I'm up $1670, up 1k on ether too

[I'm a Puppy!]

Part of me wonders what I could do if I rented out a few servers out there to sit there and crunch the data and buy/sell.

[BobFromPikeCreek]

siiiiiiiiiiiiiigh

So tempted to jump back in. Don't even know where I'd start at this point. Very stupid of me to let myself get salty and miss the obvious BTC return.

[Atramental]

If I were you I would just do dollar cost averaging with smaller amounts of money on the dips every week or so and then dump a ton of money in during the next correction/"crash".

edit: Also, don't try and chase candles. 

[Brehvolution]

Part of me wonders what I could do if I rented out a few servers out there to sit there and crunch the data and buy/sell.

It isn't worth the investment anymore. Your best bet and quickest ROI is to just go in with cash.

[Atramental]

BTC nearing $8000 USD again.


I bet it'll hit 10,000 USD end of this year or early January.

[VomKriege]

Part of me wonders what I could do if I rented out a few servers out there to sit there and crunch the data and buy/sell.

It isn't worth the investment anymore. Your best bet and quickest ROI is to just go in with cash.

The arms race for bitcoin mining was already ridiculous 3 to 4 years ago with custom specs PC being manufactured and already late to the game since anything less than a farm wasn't profitable anymore.

[BobFromPikeCreek]

Alright alright alright alright. I'm getting back in soon. I may buy some BCH after it completely bottoms out just on the off chance it goes for another wild ride.

[warcock]

Coinbase sent an email about a fork tommorow. Part of me wanta to gamble but eh

[Atramental]

Put some BTC into some altcoins last night to make more BTC. Probably should've done that early this morning since they basically bled while I was asleep but my losses weren't too bad. Also, you can rarely predict when certain alts are gonna moon.

[warcock]

So nothing happened? Whimper.

[Skullfuckers Anonymous]

Bought NEO a few days ago after jumping off of BCC and it's up 30%. If only I had put more than $20 on it. 

[Atramental]

All in alts now.



Will convert them back to BTC once it stops nose diving. 

edit: Last weekend I had 1.01 BTC in crypto now I currently have 1.09 BTC. So far so good.

edit: starting to sell off my alts since I've hit my BTC goal.

[warcock]

Neogaf rip is pretty high on ark what alts u guys keeping tabs on?

[jorma]

uh did something happen to btc again? i had like 30 bucks worth of btc in my wallet on "silk road" last week, but when i logged on today my wallet is worth like 500 euro. No complaints tho, that's weed for nearly two months

[Atramental]

Neogaf rip is pretty high on ark what alts u guys keeping tabs on?

Currently:
NEO (missed the boat yesterday with the bull run...)
XMR (monero)
OMG
ETH
LTC
VTC
AdEx

[Atramental]

https://twitter.com/_Kevin_Pham/status/927792297365848064

[agrajag]

bitcoin jumped over $400 since yesterday

[Atramental]

Definitely keep an eye on it when we get closer to Thanksgiving.

There could be a huge sell off.

Price may hit back down to the mid to lower 6000s if the bears break some key resistance points in the upper to mid 7000s

[Atramental]

Found another great site that takes a lot of the guess work out of when to buy and sell:
https://www.investing.com/currencies/btc-usd


Here's bitcoin, of course. 

[Brehvolution]

They said the same thing about the housing market in 2006 and early 2007.   

[Atramental]

Which is why I have stop losses in place and buy orders near the projected "dip" price as well. 

Definitely keep an eye on bitcoin when it goes past 8450 and 8500.

[Atramental]

[BobFromPikeCreek]

Hope it craps out soon so I can start buying up BTC again.

[Atramental]

I'm mostly in USD now.

Things are looking rather hairy at the moment. 

edit: annnnd of course it's recovering...

Eh, well it'll dip down past 8000 eventually.