crypto currency discussion

**shocka1212** · 12-07-17, 11:41 AM

Originally posted by SamsNCharge99

i guess as a tracker, i deposited $500 yesterday at 12:22pm into gdax through coinbase, the money left my bank account and still pending on the site. will keep you posted once it clears

4 days

**slo mo** · 12-07-17, 11:46 AM

Originally posted by SamsNCharge99

let the bitcoin craze go crazy and take advantage of others dropping and get them at lower prices. Take the good with the bad

Good point, but as fast as that BTC train is moving its some good money to be made daily riding that wave! What's a good #2 contender on the next to the moon crypto, are we still hoping IOTA hits $100 by Christmas? I sure believe BTC is gonna kiss 40k by Christmas at this rate

**JAKEPEAVY21** · 12-07-17, 11:49 AM

Originally posted by SamsNCharge99

let the bitcoin craze go crazy and take advantage of others dropping and get them at lower prices. Take the good with the bad

you are an old soul sammy

good advice though

**bigtymer56** · 12-07-17, 11:52 AM

Originally posted by Demonata

194000 unconfirmed bitcoin transactions! They are never going to catch up at this rate of doing only 10 a second. At this rate ill get a confirmation in a week!! Fuckkkkk

Wonder how many of those transactions are people sending btc so they can cashout.

**ace7550** · 12-07-17, 11:52 AM

Almost touched 20k on gdax, then came back down to about 17k currently. That's a 15% swing in about 15 minutes.

**Plaza23** · 12-07-17, 11:52 AM

Coinbase must be getting slammed. Price is almost $16,000 now. No wonder their site is down.

**Demonata** · 12-07-17, 11:54 AM

Originally posted by bigtymer56

Wonder how many of those transactions are people sending btc so they can cashout.

With nicehash gobe thus has hurt the miners a lot to get confirmations. I'm hoping in a week to get at least 1 confirmation. The network cant catch up at this rate.

**ace7550** · 12-07-17, 11:55 AM

Now 15k. 25% drop in 20 minutes.

**raiders72001** · 12-07-17, 11:56 AM

Originally posted by shocka1212

Binance screwing everyone with the suspend.

I traded for BTC.

**Demonata** · 12-07-17, 11:56 AM

My mycellium wallet wont load now either. This is really penetrating bad!

**ace7550** · 12-07-17, 11:58 AM

Why is this more entertaining than football?

**slo mo** · 12-07-17, 11:59 AM

Originally posted by Plaza23

Coinbase must be getting slammed. Price is almost $16,000 now. No wonder their site is down.

I sure thought my Coinbase was down, glad you said something... Guess its nothing to do but sit and wait.

**ace7550** · 12-07-17, 11:59 AM

Bitfinex also not functioning properly

**slo mo** · 12-07-17, 11:59 AM

Originally posted by ace7550

Why is this more entertaining than football?

I agree lol

**Plaza23** · 12-07-17, 12:01 PM

Originally posted by ace7550

Now 15k. 25% drop in 20 minutes.

This is more fun than gambling. It was just at 12,500 yesterday. There's no way you could have a sustained Bull Rush up to 20,000 without some type of pull back. I expect it to settle in at 14,000 and then resume a 5% per day jump.

**Plaza23** · 12-07-17, 12:06 PM

Originally posted by Demonata

My mycellium wallet wont load now either. This is really penetrating bad!

When the markets are this over heated I think it's impossible to day trade. Too many shut downs on the network.

Sure there were a ton of people watching the prices and when they saw it touch 20,000 they immediately try to sell because that is a resistance level. Sell then, wait for it go down to 14,000 or 15,000 and then buy it back.

Can't do it if the technology is overloaded tho.

**Plaza23** · 12-07-17, 12:10 PM

I'm on Cryptocompare looking at the prices and it was only GDAX that ran it up to 19,650. The other exchanges like BitStamp and Gemini are all in the 16,000 range.

I think something got screwed up on GDAX to push the price so high there, but nowhere else.

**slo mo** · 12-07-17, 12:10 PM

Originally posted by Plaza23

When the markets are this over heated I think it's impossible to day trade. Too many shut downs on the network.

Sure there were a ton of people watching the prices and when they saw it touch 20,000 they immediately try to sell because that is a resistance level. Sell then, wait for it go down to 14,000 or 15,000 and then buy it back.

Can't do it if the technology is overloaded tho.

Yeah I was scratching my head wondering if the technology would be able to keep up with the demand.

Another thing thats interesting to me is that how MSNBC is basically giving this minimal coverage and how Cramer is basically straight hating on the crypto currency.

**ans61201** · 12-07-17, 12:14 PM

Sent myself .5 btc for sports betting almost 2 weeks ago. Was down on that account finally got it back to even, had I not touched a sports bet and left it
In btc...well then I wouldn’t be a degenerate but....penetrate me, such an idiot lol

**Mac4Lyfe** · 12-07-17, 12:24 PM

Originally posted by slo mo

Yeah I was scratching my head wondering if the technology would be able to keep up with the demand.
Another thing thats interesting to me is that how MSNBC is basically giving this minimal coverage and how Cramer is basically straight hating on the crypto currency.

I don't see him hating. He said this morning that it is going higher. He's just like most, cautioning people. CNBC talks BTC more than anything else these days. They might be pump and dumpers???

**Mac4Lyfe** · 12-07-17, 12:27 PM

Originally posted by Sam Odom

read through this thread

Sammy, just the cliffnotes please. I don't have time to read 45 pages. Plus what was good last month is not necessarily good today. I'm seeing so many fluctuations, so many differences in price and fees, I'm trying to find the best way to buy at reasonable prices.

**shocka1212** · 12-07-17, 12:31 PM

Originally posted by raiders72001

I traded for BTC.

what exchange?

**shocka1212** · 12-07-17, 12:32 PM

VEN rebounding. major selloff of btc near 20k, now they're rolling it right back into alt coins.. lets ride the penetrating train

**Plaza23** · 12-07-17, 12:32 PM

I was able to get into my Coinbase account and I got an error that said "temporarily unavailable to buy bitcoins".

**Forearm Shiver** · 12-07-17, 12:33 PM

Unless one is purely daytrading, and closing all positions by the end of the day, charts like Bitcoin are death. It is possible to go up too quickly. Weak, if not non existant support levels so when the selling hits, and it will hit hard, its a very quick ride down the elevator shaft. I would liken charts like Bitcoin to a football team with a weak defense who just scored an 80 yard TD on the first play of a possession. Yeah it looks and feels great, but by the end of the game, it would've been nice to burn more clock and keep one's defense off the field longer.

**wquine** · 12-07-17, 12:35 PM

gdax is unresponsive, lots of manipulation in this market...

**Demonata** · 12-07-17, 12:38 PM

Nicehash gone, hashflare down,coinbase down blockchain down and mycellium diwn. This us a penetrating shitshow. Maybe this is the end of bitcoin.

**SamsNCharge99** · 12-07-17, 12:40 PM

Originally posted by shocka1212

VEN rebounding. major selloff of btc near 20k, now they're rolling it right back into alt coins.. lets ride the penetrating train

maybe a good time to grab ethereum. Been dipping past 2 days.

I see 420 on coinbase and 395 on binance

**PaperTrail07** · 12-07-17, 12:41 PM

**Plaza23** · 12-07-17, 12:41 PM

There's lot of $$$$$$ flowing in and the servers running the exchanges can't handle it.

Need to upgrade the tech that allows exchanges like Nasdaq to run smoothly.

**shocka1212** · 12-07-17, 12:44 PM

Originally posted by SamsNCharge99

maybe a good time to grab ethereum. Been dipping past 2 days.

I see 420 on coinbase and 395 on binance

not a bad time to get back in... sold some yesterday round 465 to buy some VEN.. although I did take some loss on that trade I think both should rebound. Just as much as there are market overreactions and corrections on gains, they usually even out on dips so taking advantage of the over volatility isn't the worst idea.. pulled the trigger on Mana when it overreacted down last night around .035 and nearly tripled up my money within hours.

**PaperTrail07** · 12-07-17, 01:15 PM

17,586 on CB

**shocka1212** · 12-07-17, 01:30 PM

back to 17,850... fuckin wild trading off volatility.. hope you guys are getting in on the fun. just ride the way, get off, wait for it to settle, then ride again.

**shocka1212** · 12-07-17, 01:43 PM

hope you guys profited off that.. because it was delicious

**swordsandtequila** · 12-07-17, 02:39 PM

Fuk me, at work and missed out on easy cash. At one point there was about a 2K difference in price between Gemini and GDAX.