Anyone know much about Bitcoin?

Discussion in 'Finance, Investments, and Careers' started by BillsCarnage, Mar 5, 2013.

  1. AsUpRoDiGy

    AsUpRoDiGy Magnanimous

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    Up 80% today. Incredible. In a matter of 5 days it has tripled.
     
  2. Shaggy

    Shaggy Site Owner Administrator Staff Member

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    I just don't see how these coins are going up. All speculation but I'm having fun riding this wave!
     
  3. AsUpRoDiGy

    AsUpRoDiGy Magnanimous

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    Knew I should've bought Litecoin when it hit $93 the other day. All these 'other' cryptos are riding off of BTC it seems like...so tough to project what's going to happen, since there's really nothing to go off of. I'll probably buy a ton of XRP...since that bubble has yet to explode like the rest of these other ones. That's up 17% today as well.
     
  4. Shaggy

    Shaggy Site Owner Administrator Staff Member

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    Monero. For me, it's a challenge to buy.
     
  5. AsUpRoDiGy

    AsUpRoDiGy Magnanimous

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    Some of the buying platforms are sketchy. Heard sometimes it can take 7-10 days to process a sell/buy. Don't like that aspect at all.
     
  6. Russ Smith

    Russ Smith The Original Whizzinator Contributor

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    GBTC up 422 bucks today to over 2200, that's 22%.

    I have to admit it's hard not to feel bad for not getting in on something like this but the volatility is so crazy. in just the last few days I could have made about 40%
     
  7. Folster

    Folster The system doesn't work.

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    A large correction will be a sight to behold. A lot of people will be expecting stock exchange type liquidity.

    I have no skin in the game currently. I've been considering IOTA, but since there is not a current exchange that will accept US dollars for it, I would have to buy BTC, ETH, or LTC and move it to an off shore exchange to purchase IOTA.
     
  8. Superbone

    Superbone Phoenix native; Lifelong Suns Fan

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    Just a follow up on this. Today I sold a little less than half of my Litecoin position for $2300. My remaining positions of Etherium and Litecoin are currently worth about $5000. So I have locked in a small profit and now the rest is gravy as I'm working with house money.
     
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  9. AsUpRoDiGy

    AsUpRoDiGy Magnanimous

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    Both of those went on some pretty good runs in the past week...good call on selling it. XRP is the next wave that's coming up...it has tripled in the past week also, and keeps going up.
     
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  10. gmabel830

    gmabel830 It's football season!!

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    Agree - I probably need to throw a little bit more money into BTC first to start investing in other alt-coins, but XRP seems like it is poised for huge growth (even though it's finally pulled back a tiny bit today) -- my employer, AMEX, recently inked a deal with them to dip our toe into the blockchain waters.
     
  11. Shaggy

    Shaggy Site Owner Administrator Staff Member

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    Nice!
     
  12. Russ Smith

    Russ Smith The Original Whizzinator Contributor

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    I don't think it's bitcoin related but it's apparently blockchain, Longfin Technologies or LFIN. Friday it was up about 305% today it's up 475%. It's so up that I'm suspicious it's some sort of split or reverse split and Yahoo Finance is just listing it incorrectly?

    And GBTC is now over 3000 up another 20% today.
     
  13. AsUpRoDiGy

    AsUpRoDiGy Magnanimous

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    Blockchain is something I'm very interested in, and think it has a viable future. LFIN is an IPO that has skyrocketed due to its acquisition of blockchain. It's initial offering was $5 and hit a high of $142 in a matter of days. Insane.
     
  14. Russ Smith

    Russ Smith The Original Whizzinator Contributor

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    There's definitely something wrong with the quotes on LFIN, now Yahoo has it at 84.39 which is the high for the day even though it was much higher earlier in the day according to Yahoo Finance.
     
  15. AsUpRoDiGy

    AsUpRoDiGy Magnanimous

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    Another hack on a Bitcoin exchange -- caused a drop of 10%...now sitting around 16K after hovering near the 19K mark.
     

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