Cryptocurrency

BCClone

Well Seen Member.
SuperFanatic
SuperFanatic T2
Sep 4, 2011
67,682
63,749
113
Not exactly sure.
This has been a weird month. At one point I almost doubled my money, now I'm only up 25%.


Let me give you some spec'ing advice. Anytime you get to the point where you are up 50% or greater, nice time to at minimum pull out your initial investment and let the profit ride. May not make as much but you walk away with a solid position.
 

Playboi Carti

Well-Known Member
May 7, 2017
1,581
1,190
63
26
Let me give you some spec'ing advice. Anytime you get to the point where you are up 50% or greater, nice time to at minimum pull out your initial investment and let the profit ride. May not make as much but you walk away with a solid position.
I re-invested my profits into other coins
 
  • Disagree
Reactions: Macloney

ArgentCy

Well-Known Member
Jan 13, 2010
20,405
11,148
113
Looks like we are well on the way to another 75%+ correction. I think they really need some time and to settle down and find some more use in the real world. Might be down for some time IMO.
 

VTXCyRyD

Well-Known Member
Sep 2, 2010
5,646
2,999
113
Looks like we are well on the way to another 75%+ correction. I think they really need some time and to settle down and find some more use in the real world. Might be down for some time IMO.
9651e121dac222fdac699ca6d962b84f288c75e6ec120f4a06e3c04f139ee8ec.jpg


And it went from $8500 when you posted that back to over $9000 at the time of my post
 

ArgentCy

Well-Known Member
Jan 13, 2010
20,405
11,148
113
Banks are beginning to fight back. Suddenly decided that the fees aren't worth helping their competitors.

https://www.zerohedge.com/news/2018-02-02/bank-america-jp-morgan-bar-crypto-purchases-credit-card

Coinbase, sent out notices to clients, informing them that purchasing cryptocurrencies on credit would now be prohibitively expensive, if not impossible, as banks have started to process payments for bitcoin et al as "cash advances", which tend to come with extremely high interest rates:
 

Mtowncyclone13

Well-Known Member
Oct 10, 2012
20,023
9,769
113
grundy center
Banks are beginning to fight back. Suddenly decided that the fees aren't worth helping their competitors.

https://www.zerohedge.com/news/2018-02-02/bank-america-jp-morgan-bar-crypto-purchases-credit-card

Coinbase, sent out notices to clients, informing them that purchasing cryptocurrencies on credit would now be prohibitively expensive, if not impossible, as banks have started to process payments for bitcoin et al as "cash advances", which tend to come with extremely high interest rates:

you can't buy stocks with credit cards. you can't buy lotto tickets with credit cards. meh.