Bitcoin discussion and news

[Idaho]

And again! PBOC stomping all over the dodgy exchanges. Prices dropping like a stone. Also saying that people aren't allowed to cash out... Although unconfirmed.

 

[sim667]

And again! PBOC stomping all over the dodgy exchanges. Prices dropping like a stone. Also saying that people aren't allowed to cash out... Although unconfirmed.

Is it me or has the value dropped by nearly £100 since this morning?

 

[Idaho]

Is it me or has the value dropped by nearly £100 since this morning?

All in a days work for btc

 

[ffsear]

They have blocked withdrawals from exchanges. Bitcoin down 10% and falling

 

[UnderOpenSky]

Good time to buy?

 

[Ranbay]

Good time to buy?

No such thing

 

[sim667]

Good time to buy?

If they go back down to what they were about a month ago £689, I'd buy a bunch....... they're still a bit on the high side at the moment for what I'm used too.

 

[sim667]

Id like to buy and sell some and see if I can turn a profit on it, but it seems pointless when all I could afford to do it with is £50

 

[Ranbay]

Id like to buy and sell some and see if I can turn a profit on it, but it seems pointless when all I could afford to do it with is £50

Speak to Olly from the boards that's all he does.....

 

[Idaho]

Id like to buy and sell some and see if I can turn a profit on it, but it seems pointless when all I could afford to do it with is £50

If you want to do that, buying from exchanges and selling on bit bargain, etc is a good margin. But you need a bit more float.

 

[Idaho]

They have blocked withdrawals from exchanges. Bitcoin down 10% and falling

View attachment 100183

Some very silly folks getting spooked that easily. No point panic selling on an exchange that you can't withdraw from

It'll bounce up and down and up and down again.

 

[Idaho]

If they go back down to what they were about a month ago £689, I'd buy a bunch....... they're still a bit on the high side at the moment for what I'm used too.

You have been threasholded to a familiar price - but that price is no more rational than this.

Naturally a price £100 less than the current is going to seem like a good deal. The current price needs to seem expensive to some, cheap to others, and about right to a few. If circumstances changed and the price dropped to £680 tomorrow, it would no longer seem a bargain. It would seem less valuable. Then you would say "hmm.. Seems high still. I would expect it to be a good deal at £580".

 

[sim667]

You have been threasholded to a familiar price - but that price is no more rational than this.

Naturally a price £100 less than the current is going to seem like a good deal. The current price needs to seem expensive to some, cheap to others, and about right to a few. If circumstances changed and the price dropped to £680 tomorrow, it would no longer seem a bargain. It would seem less valuable. Then you would say "hmm.. Seems high still. I would expect it to be a good deal at £580".

From what I've been keeping an eye on over the last few months, £650-680 seems to be a bit of a low in value, over £800 is a peak

 

[sim667]

Speak to Olly from the boards that's all he does.....

I do, regularly

He does fairly well out of it too.

 

[Idaho]

From what I've been keeping an eye on over the last few months, £650-680 seems to be a bit of a low in value, over £800 is a peak

But why choose just the months you've been observing to imagine a "natural price"?

 

[sulendra12]

Price is stable at £900 for now and it was £1000 .

Id like to buy and sell some and see if I can turn a profit on it, but it seems pointless when all I could afford to do it with is £50

You can still earn a profit with £50. Just trade the altcoin for alternative.

Read the latest news about Bitcoin here : Crypto-Currency Markets & Coin Information

 

[Idaho]

Ready for a big rally (and then a crash)? I reckon it will go on a storm in the next few days.

 

[sim667]

Ready for a big rally (and then a crash)? I reckon it will go on a storm in the next few days.

If it crashes I'd probably buy a bit.

I actually need to buy some anyway to pay for my seedbox atm.

 

[Idaho]

If it crashes I'd probably buy a bit.

I actually need to buy some anyway to pay for my seedbox atm.

If you need some anyway - get it now and enjoy the roller coaster

 

[sulendra12]

If you need some anyway - get it now and enjoy the roller coaster

Correct. This is a right time to buy some.

 

[Idaho]

Correct. This is a right time to buy some.

It could well be absolutely the wrong time to buy them also. Treat it as a game/gamble and not an investment.

 

[Idaho]

Up 5% since the start of the week.

 

[Idaho]

Up 10% since the beginning of last week.

Next stop the moon

 

[Idaho]

Yep, I told you so. Up 20% (then back down 5%)

 

[Ranbay]

Crash soon then.

 

[electroplated]

blimey, any ideas why the price is so high right now?

 

[Idaho]

Lots of reasons. Increased use mainly. Plus speculation about the upcoming ETF approval.

 

[mwgdrwg]

All time high, baby.

 

[mwgdrwg]

I have some Bitcoin (purchased at £620), and I recently sold a small percentage to buy Ethereum, Litecoin, and Dogecoin. For a laugh.

 

[electroplated]

Lots of reasons. Increased use mainly. Plus speculation about the upcoming ETF approval.

I've been lazily following bitcoin since they were about $30 and right now there seems to be something specific going on I can't put my finger on that is making them keep peaking over the $1000 level and even higher in the last few weeks.. surely not because of sudden widespread adoption but instead a financial or political situation (maybe in China) or somewhere that I wasn't fully aware of? I guess you're right it's the ETF thing - need to do some reading