crypto currency discussion

[MeanPeopleSuck]

what are everybodys thoughts on the upcoming fork again for bitcoin2x??

I've been doing a lot of thinking about that lately and my first blush thinking is to expect a runup in BTC price between now and Nov 15, probably setting some ATH's along the way, so I've been adding to my BTC stores.

But I'm totally decided what the highest profitable move will be: sell BTC right before the fork, if it's at a really high rally price (is 6500 possible by then?) or wait till after, or what?

In any case, I give you my word of honor that by Tues night I'll post a BT2 megathread where hopefully we can all kick around some ideas and help each other decide wtf's gonna happen and how tf we can best profit from it.

[raiders72001]

Hey MPS, can't reply to your PM. Your PM box is full.

[MeanPeopleSuck]

Hey MPS, can't reply to your PM. Your PM box is full.

Oh, sorry dude. Should be fixed now.

[MeanPeopleSuck]

FWIW, and always subject to the "crypto often makes fools of us all" mantra:

IMHO, if you were looking for a buy in price before the Nov 15th BT2 hard fork, today might be the best price you're going to see.

Nobody remembers it because it happened 6 weeks ago -- an eternity in crypto time -- but today China's 2 largest (and last) exchanges are closing, forcing their clients into a really hard decision: sell today or hold, but if they hold it could be years or longer before they're able to change their minds and sell (the ultimate HODL). Tons of them will sell, which is probably why BTC's been flirting w/ 6k today instead of 6200 or whatever it was yesterday.

[shocka1212]

yeah.... selling right before the fork... hoping to hit 6200 again before then, and then after it dips to 5700 ill try and get back in.

[ChuckyTheGoat]

yeah.... selling right before the fork... hoping to hit 6200 again before then, and then after it dips to 5700 ill try and get back in.

Shocka, educate me, pal. How would u summarize the BtC volatility?

10% dip from all-time peak. Time to buy?

15% rise from Local Trough. Time to sell?

[eidolon]

Why has Ethereum just been sitting at 300 for so long, while bitcoin has been going up?

[shocka1212]

Shocka, educate me, pal. How would u summarize the BtC volatility?

10% dip from all-time peak. Time to buy?

15% rise from Local Trough. Time to sell?

thats what I did last week. holding now unless I see 6280-6350 and then I hope to get back in a day after the next fork.. but yes, have seen 10% in the matter of 36 hours on numerous occasions. October 12th was wild. thats the only surge that caught me by surprised... I thought 7k was feasible, but now id be surprised if were not there by Christmas

[shocka1212]

Why has Ethereum just been sitting at 300 for so long, while bitcoin has been going up?

was just at 285 last week. 340 two weeks ago. get in now.

[ChuckyTheGoat]

shocka, is that u in avatar?

[shocka1212]

shocka, is that u in avatar?

Lmao, no

[firekillex]

lol thats the kid who faked being a doctor and got caught and was all over the news

[Optional]

lol thats the kid who faked being a doctor and got caught and was all over the news

18yo set up an office and pretended to be a gynecologist.

Not sure if that would satisfy his needs to see lots of pussy, or turn him off them for life. Dealing with sick ones constantly.

[ChuckyTheGoat]

18yo set up an office and pretended to be a gynecologist.

Not sure if that would satisfy his needs to see lots of pussy, or turn him off them for life. Dealing with sick ones constantly.

My MD friend says they see ton of snatch in Medical School.

[ChuckyTheGoat]

lol thats the kid who faked being a doctor and got caught and was all over the news

LOL, didn't know that. Wonder how many mammograms he performed b4 they caught onto him.

[firekillex]

LOL, didn't know that. Wonder how many mammograms he performed b4 they caught onto him.

im pretty sure he actually tried it again after getting caught the first time lollll. Worlds a crazy place

[firekillex]

coinbase is saying they will support Bitcoin 2X from what ive been reading

[shocka1212]

LOL, didn't know that. Wonder how many mammograms he performed b4 they caught onto him.

Please go watch the video interview after he was arrested.. pure fuxking gold

[ChuckyTheGoat]

Please go watch the video interview after he was arrested.. pure fuxking gold

I will, pal. LOL

Shocka, keep the BtC rolling. Thx, pal! Talk to u soon.

[puckk]

Bitcoin is going to "Amazon" the banks.

https://www.facebook.com/cnbccrypto/videos/1526218007461440/

[bigal6692]

New here, good info. Thank you guys

[nelsonrc24]

Stick with ETH for now. Bitcoin is getting through an unpredictable period and it's hard to figure out where this is going until the hard fork and what will happen after the first week.
I'll probably wait to catch a good drop either before or after. Meanwhile I'm safer under ETH

[puckk]

Stick with ETH for now. Bitcoin is getting through an unpredictable period and it's hard to figure out where this is going until the hard fork and what will happen after the first week.
I'll probably wait to catch a good drop either before or after. Meanwhile I'm safer under ETH

Unlike Bitcoin, with its 21 million coin cap, Ethereum has no supply limit, like US dollar

[firekillex]

highly considering selling at this $6500 price peak right now , then hoping it falls back down to $5000 range during the fork for a 25% gain , then buy back in at 5-5.5k and watch it break this current ceiling

any thoughts?

[Greenline]

Selling all? I'd trade the white meat for some alts maybe, the upside is much higher than waiting for BTC to fall.

[firekillex]

Selling all? I'd trade the white meat for some alts maybe, the upside is much higher than waiting for BTC to fall.

already in a ton of alts
every fork bitcoin seems to fall shortly then bounce back from what ive seen

[JAKEPEAVY21]

highly considering selling at this $6500 price peak right now , then hoping it falls back down to $5000 range during the fork for a 25% gain , then buy back in at 5-5.5k and watch it break this current ceiling

any thoughts?

I would not try and play a guessing game

continue to hold and rack in the profits

[PaperTrail07]

DUDE if you hear ANYTHING ON THIS LOL let me know

If you missed the most recent buying opportunity, but still want in to BTC, I recommend setting some buys now.

Why? Because BTC remains priced about $600 cheaper on Chinese exchanges than on western exchanges. I've spent the last two days in a working group with people I loath -- 4chan white supremacist types who really like the N word -- trying to crack the arbitrage, but it just doesn't seem possible to get western fiat onto Chinese exchanges. I'm frustrated and sleepless and ready to throw in the towel.

But here's the rub: someone, somewhere is almost certainly going to crack it. There's just too much easy money available for this situation to continue indefinitely. If and when they do, the prices will converge, with western prices dropping and Chinese prices rising.

If anybody has any ideas re: the arbitrage, please pm me.

[Pauulzcappin]

already in a ton of alts
every fork bitcoin seems to fall shortly then bounce back from what ive seen

do you use a wallet or keep them in an exchange? i am from brazil but any info about the subject might help

[MeanPeopleSuck]

yeah.... selling right before the fork... hoping to hit 6200 again before then, and then after it dips to 5700 ill try and get back in.

Well, obviously BTC will fall the second the fork happens, so you might get your 5700, but that BTC will no longer have the value of BT2 in it, so it's not really a savings.

[MeanPeopleSuck]

Why has Ethereum just been sitting at 300 for so long, while bitcoin has been going up?

Well, there are some of us -- a minority here at SBR, it seems -- who believe ETH to be overvalued even at $300 (a $29 billion market cap).

P4man wrote a really good explanation of why here: https://www.coindesk.com/analyzing-e...keptical-take/

Since June when that was published BTC is up 115% while ETH is down 10%.

[nelsonrc24]

Well, there are some of us -- a minority here at SBR, it seems -- who believe ETH to be overvalued even at $300 (a $29 billion market cap).

P4man wrote a really good explanation of why here: https://www.coindesk.com/analyzing-e...keptical-take/

Since June when that was published BTC is up 115% while ETH is down 10%.

The technology behind ETH is much better than BTC's. Basically theyre leading because of first movers advantage

[MeanPeopleSuck]

highly considering selling at this $6500 price peak right now , then hoping it falls back down to $5000 range during the fork for a 25% gain , then buy back in at 5-5.5k and watch it break this current ceiling

any thoughts?

I totally hear ya. $6650 is way higher, way faster than I expected. (Heh, didn't I just post here a couple days ago that I thought the entire run up to Nov 15th might be to 6500?).

I'm normally an automatic seller at ATH's. But this time I'm taking it easy because the 2x hard fork means we're in uncharted territory. Who knows how nuts this might get in the next two weeks?

So all I'm doing this time is "selling" a little by funding a couple fiat sportsbooks offering bitcoin bonuses -- that way the bonuses can be my insurance against BTC continuing to rise. Bovada = 50% cash bonus on $1000 bitcoin deposit and Betonline = 100% free play bonus on $1000 bitcoin deposit.

I've got a gut feeling that whatever number BTC peaks at before the fork, it'll happen closer to or maybe even on Nov 15th, but that's a pure guess.

[MeanPeopleSuck]

The technology behind ETH is much better than BTC's. Basically theyre leading because of first movers advantage

It's interesting technology, but the question is, when the apps finally get running on ETH, will ETH or the apps themselves (Golem, Augur, etc.) get the pop in price? I'm far from certain the answer to that is ETH.

Also, ETH's greatest asset and best promotional tool is its perfect applicability to ICO's, but now country after country are banning ICO's, so you gotta wonder how long that's going to be around to help ETH's visibility.

Plus, for being what's essentially just a good idea without much in the way of track record, doesn't $29 billion seem like a pretty pricey valuation? My guess as to why ETH has been stagnant since June while BTC's more than doubled is that its early valuation got so far out ahead of where the technology's usage is that it's waiting to catch up. I literally pay for everything in my life with BTC, but I've never bought anything with ETH. Have you?

[nelsonrc24]

It's interesting technology, but the question is, when the apps finally get running on ETH, will ETH or the apps themselves (Golem, Augur, etc.) get the pop in price? I'm far from certain the answer to that is ETH.

Also, ETH's greatest asset and best promotional tool is its perfect applicability to ICO's, but now country after country are banning ICO's, so you gotta wonder how long that's going to be around to help ETH's visibility.

Plus, for being what's essentially just a good idea without much in the way of track record, doesn't $29 billion seem like a pretty pricey valuation? My guess as to why ETH has been stagnant since June while BTC's more than doubled is that its early valuation got so far out ahead of where the technology's usage is that it's waiting to catch up. I literally pay for everything in my life with BTC, but I've never bought anything with ETH. Have you?

I see what you mean. BTC is quite ahead, considering it was the first. It naturally takes time to reach a certain level but I believe the "road is already open", given BTC's efforts over the last few years.