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Was almost $20,000 a few days ago, stands at $12,300 right now, down 25% today alone.
With a stock market reduction of at least 20% coming next year and the Italian banks about to go pop where will be the safe haven?
Gold chaps, gold, as it always has been. And be sure to remember the golden rule about buying gold - if you can roll over in the middle of the night and touch it, then you own it,if you can't, you don't.
With a stock market reduction of at least 20% coming next year and the Italian banks about to go pop where will be the safe haven?
Gold chaps, gold, as it always has been. And be sure to remember the golden rule about buying gold - if you can roll over in the middle of the night and touch it, then you own it,if you can't, you don't.
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I suspect there will be some short/medium-term volatility in the price of Bitcoin before there is a sustained fall in its value.
It wouldn't surprise me if investors see this as an opportunity to pile in. Maybe institutions have sold and will now buy back cheaper.
That's just my gut feel; I don't know enough about this subject to make a cofident prediction.
I wouldn't touch it with a barge pole but I reckon it could go back up to $20k (and even higher) before the real crash happens.
It wouldn't surprise me if investors see this as an opportunity to pile in. Maybe institutions have sold and will now buy back cheaper.
That's just my gut feel; I don't know enough about this subject to make a cofident prediction.
I wouldn't touch it with a barge pole but I reckon it could go back up to $20k (and even higher) before the real crash happens.
Now there IS something built on nothing that stinks to high heaven of a boom/bust bubble, wouldn't touch bitcoin at current prices with your bargepole!
I thought about buying gold before .. not a lot, just a little gold bar I could stitch into a long coat if I need to escape because the nazis have invaded.
Potentially, any currency can become worthless if people lose confidence in it. What is it? Notes, coins and mostly numbers on a computer screen.
there is no worse feeling in in play betting than trying to put in a stop loss and not getting matched as the price keeps falling in the 5 second interval.
15 minutes is a much longer time to wait....
I can see that plenty of the bitcoin exchanges offer a sell limit, and you can a lot of people setting this very low if panic sets in, or not at all.
this where i see the real problem, because if it's very volatile and 15 minutes matters, people will go to futures market instead to hedge their position and then things get very very messy, very very quickly.
15 minutes is a much longer time to wait....
I can see that plenty of the bitcoin exchanges offer a sell limit, and you can a lot of people setting this very low if panic sets in, or not at all.
this where i see the real problem, because if it's very volatile and 15 minutes matters, people will go to futures market instead to hedge their position and then things get very very messy, very very quickly.
Many years ago I used to play traded options, the crack cocaine of share dealing.
I buy my bullion from Bairds of London.
https://www.goldline.co.uk/
Entirely genuine and you won't find much better prices anywhere.
How come my Scotgold link got deleted?
https://www.goldline.co.uk/
Entirely genuine and you won't find much better prices anywhere.
How come my Scotgold link got deleted?
Just the Bitcoin Boxing day sales starting early.
Another merry Christmas for the professionals at the expense of the suckers.
You've got to admire their expertise, which shows how well they can manipulate markets without doing anything illegal.
You've got to admire their expertise, which shows how well they can manipulate markets without doing anything illegal.
63% up on this time last month,I would call it a correction.
13400 now off a high of 19000 plus in six days.
That's a crash!
It won't come back from that any time soon.
Massive volume looks to have stopped it and brought it back from 11160.
So it looks like the bottom was bought.
That's a crash!
It won't come back from that any time soon.
Massive volume looks to have stopped it and brought it back from 11160.
So it looks like the bottom was bought.
trilby22
Date Joined: 21 Aug 10
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22 Dec 17 16:48 Joined: 21 Aug 10 | Topic/replies: 17,690 | Blogger: trilby22's blog
I buy my bullion from Bairds of London.
https://www.goldline.co.uk/
same here - recommended.
Date Joined: 21 Aug 10
Add contact | Send message
22 Dec 17 16:48 Joined: 21 Aug 10 | Topic/replies: 17,690 | Blogger: trilby22's blog
I buy my bullion from Bairds of London.
https://www.goldline.co.uk/
same here - recommended.
When I read Richard Branson singing Bitcoin's praises it made me very sceptical,wanting others to pile in after his investments no doubt
I keep thinking that these cryptocurrencies are taking off partly because of a disbelief in fiat currencies.
Previously, people with these concerns would be piling into gold.
I have a feeling that, logically, gold should be much higher and suspect there is some market manipulation.
Previously, people with these concerns would be piling into gold.
I have a feeling that, logically, gold should be much higher and suspect there is some market manipulation.
I have a feeling that, logically, gold should be much higher and suspect there is some market manipulation. That is entirely correct Jack.
Nice one, bigH
Nice one, bigH
There's always a good read with Jim ... https://www.jsmineset.com/
Look at the posters shilling gold. Where can I join this bandwagon - oh, trollby has kindly provided a link.
Not far off 2011 level, good luck getting your money back lads.
Not far off 2011 level, good luck getting your money back lads.
Here's an eighteen carat gold pool ball. Merry Christmas, Ho, Ho, Ho! :)
With a stock market reduction of at least 20% coming next year
OMG, it's official. Burt says. Since the financial crisis, gold has underperformed the stock market to the extent that the stock market investor can now basically buy Burt's house as well.
OMG, it's official. Burt says. Since the financial crisis, gold has underperformed the stock market to the extent that the stock market investor can now basically buy Burt's house as well.
I was thinking, seriously about 'chucking in' a few 'bob' on the Bitcoin roundabout!
That, aside from the fact that the good days have probably gone!
What I really wanted to do was to also put up 'small' speculative amounts on a few other options, and just let them ride, unless there were chances to
significantly trade out along the way.
Someone said "it's not what you know, it's who you know" and never a truer word.
Spoke to someone I know who is a senior partner in a "wealth management" company with this 'snippet. to show the magnitude of his business.....
"The combination of strong gross inflows, positive investment returns and consistently strong fund retention rates has seen ** ***** ***** grow funds under management by 22% per annum over the past five years, rising to £85.7 billion at 30 September 2017".
Here is his advice to me.....
Guessing game really ******,
Super risky... no one has felt any real pain yet. But they will. For sure. This is not in question!
Bitcoin per se is not really fit for any real purpose and is out in my opinion outdated. It doesn't make sense that it is should not be worth more than other tokens that perform the job better.
They are all a lottery/gamble and should not really be considered investment. A very real chance the whole market will fail to zero when better tech comes along. So only gamble what you can comfortably afford to completely loose.
I believe that ripple labs (though you'll have to settle for XRP token - not the same) is the only entity that has currently proven any practical use case. So I do hold some of these and some BCH for a laugh... but I've had a decent run so may sell up...
That said I'll probably hang on to a few XRP as the company behind them are credible and it's by far the best tech/speed/reliability etc currently (as far as I know). But I'd be happy to loose he lot and probably will! This is the key to this stuff
Also. Very challenging to trade this stuff and actually retrieve pounds and pence in any useful time scales.
Bottom line
They are all over priced... but could go further or to nothing... that's the way of these super speculative things.
Sorry I can't offer anything more positive!!
Cheers,
A
That, aside from the fact that the good days have probably gone!
What I really wanted to do was to also put up 'small' speculative amounts on a few other options, and just let them ride, unless there were chances to
significantly trade out along the way.
Someone said "it's not what you know, it's who you know" and never a truer word.
Spoke to someone I know who is a senior partner in a "wealth management" company with this 'snippet. to show the magnitude of his business.....
"The combination of strong gross inflows, positive investment returns and consistently strong fund retention rates has seen ** ***** ***** grow funds under management by 22% per annum over the past five years, rising to £85.7 billion at 30 September 2017".
Here is his advice to me.....
Guessing game really ******,
Super risky... no one has felt any real pain yet. But they will. For sure. This is not in question!
Bitcoin per se is not really fit for any real purpose and is out in my opinion outdated. It doesn't make sense that it is should not be worth more than other tokens that perform the job better.
They are all a lottery/gamble and should not really be considered investment. A very real chance the whole market will fail to zero when better tech comes along. So only gamble what you can comfortably afford to completely loose.
I believe that ripple labs (though you'll have to settle for XRP token - not the same) is the only entity that has currently proven any practical use case. So I do hold some of these and some BCH for a laugh... but I've had a decent run so may sell up...
That said I'll probably hang on to a few XRP as the company behind them are credible and it's by far the best tech/speed/reliability etc currently (as far as I know). But I'd be happy to loose he lot and probably will! This is the key to this stuff
Also. Very challenging to trade this stuff and actually retrieve pounds and pence in any useful time scales.
Bottom line
They are all over priced... but could go further or to nothing... that's the way of these super speculative things.
Sorry I can't offer anything more positive!!
Cheers,
A
Wow, great advice.
Meet Burt, trollby and Lady Fav in the Aftertimers Arms over the festive season and buy them a drink.
Meet Burt, trollby and Lady Fav in the Aftertimers Arms over the festive season and buy them a drink.
here's a Tory peer recommending Bitcoin
I posted this on her Twitter and was blocked
http://www.bbc.co.uk/news/av/technology-41188447/michelle-mone-you-cannot-ignore-bitcoin
I posted this on her Twitter and was blocked
http://www.bbc.co.uk/news/av/technology-41188447/michelle-mone-you-cannot-ignore-bitcoin
How is the thread 'wrong'? Are you so stupid you don't understand the meaning of the question mark in the thread title. Personally I couldn't give f*ck how Bitcoin performs as I am not involved in it at all.
Gold I am involved in and my view is stated. We shall see this year what is wrong and what isn't. Traditionally you have always been wrong, your most spectacular mistake been your absolute certainty about the referendum and your crying and betrayal of democracy ever since.
The majority know very well who is the wrong un here.
Gold I am involved in and my view is stated. We shall see this year what is wrong and what isn't. Traditionally you have always been wrong, your most spectacular mistake been your absolute certainty about the referendum and your crying and betrayal of democracy ever since.
The majority know very well who is the wrong un here.
When did you get involved with gold and why are asking others to back you up now, Burt?
We have a date of July 27 2016 for trilby - when Scotgold was valued at 97.5, compared to today's 26.5.
Someone has appealed to the moderator again. That's all you need to know about this investment advice.
Caveat emptor.
Caveat emptor.
The only thing Blert06 touches when he rolls over in the middle of the night is a cold wall.
When the money men decide it's time to crash it will. Watch this space. I wouldn't touch it with a bargepole.
The only thing Blert06 touches when he rolls over in the middle of the night is a cold wall.
Cruel.
Cruel.
Aye up, IDIEMYHAIRPINKE is on the scene. Still seething from doing his cobblers on the referendum. I'm guessing when you and Biscuitbrain roll over in the night after touching each other you then feel the cardboard.
Don't worry, suckers - WE ARE STILL LEAVING THE BUILDING
Learn to let your anger go and embrace the beautiful Brexit future.
I'm guessing when you and Biscuitbrain roll over in the night after touching each other you then feel the cardboard.Don't worry, suckers - WE ARE STILL LEAVING THE BUILDING
Learn to let your anger go and embrace the beautiful Brexit future.
Following encouragement from my son, who is in IT, and knowledge from two work colleagues (one of whom has, he says, has made it big time, over the last two years), and another who has turned £50 into £15,000.00, I registered, and pledged £122.00 to Ethereum, yesterday evening.
Today I received a warning that someone, with a German IP, had tried to log in to my account!
I blocked that, and upgraded my security but, today, my account has been wiped out!!!
Not due to market movement, as it has only been drifting a fiver or so, therefore my account has definitely been hacked!
That's me done on this, and will stick to what I've been good at since 2003 (well eventually since 2003)!
Today I received a warning that someone, with a German IP, had tried to log in to my account!
I blocked that, and upgraded my security but, today, my account has been wiped out!!!
Not due to market movement, as it has only been drifting a fiver or so, therefore my account has definitely been hacked!
That's me done on this, and will stick to what I've been good at since 2003 (well eventually since 2003)!
Sorry to hear that. What method did you use of buying the stuff.
Where was it you used Lady if you don't mind me asking? Had you stored your money in an account online or in a wallet and where did you buy from?
I'm embarrassed to admit to my failings on "Crypto" and since my last admission I've lost big time!
I use "Blockchain" to request, and this gives me a code to enter into "Bittylicious", together with the coins I wish to buy, and the amount.
I had just over £2.5k in Ethereum and £42.00 in Bitcoin.
On my last login my account was instantly wiped out!
This is now several weeks ago, and Blockchain are useless when trying to communicate, because it takes weeks for them to come back to me, and
they completely fail to address the specific points of my asking!
There is a procedure whereby one is supposed to be able to recover lost coins by using a twelve saved words system that they say must
be kept safe and secure!
Unfortunately, when I went to "Recover Coins" they put up a totally different set of twelve words, which makes a mockery of saying to keep
the original ones secure!
I've increased my security to have, amongst other things, 2 stage login, but here is another problem in that, because there is sod all mobile service here,
by the time I get the code in a text, it has expired before I can use it.
As a result I've been unable to log in, for several weeks, and I need to "pair" my phone so I can have Google authentication from which I can have second
stage off line by using the app to scan a code.
It's a f***ing nightmare, to be honest, and the prices of Bitcoin, Ether and Ripple have been in free fall due to occurences in South Korea, and latterly, and worse still in China!
In December Bitcoin was trading at almost £17.5k and this morning was down to £5414.00....currently has rallied to £5914.00, but not happy days!
Could be that the warnings that the bubble will burst, is already happening!
I use "Blockchain" to request, and this gives me a code to enter into "Bittylicious", together with the coins I wish to buy, and the amount.
I had just over £2.5k in Ethereum and £42.00 in Bitcoin.
On my last login my account was instantly wiped out!
This is now several weeks ago, and Blockchain are useless when trying to communicate, because it takes weeks for them to come back to me, and
they completely fail to address the specific points of my asking!
There is a procedure whereby one is supposed to be able to recover lost coins by using a twelve saved words system that they say must
be kept safe and secure!
Unfortunately, when I went to "Recover Coins" they put up a totally different set of twelve words, which makes a mockery of saying to keep
the original ones secure!
I've increased my security to have, amongst other things, 2 stage login, but here is another problem in that, because there is sod all mobile service here,
by the time I get the code in a text, it has expired before I can use it.
As a result I've been unable to log in, for several weeks, and I need to "pair" my phone so I can have Google authentication from which I can have second
stage off line by using the app to scan a code.
It's a f***ing nightmare, to be honest, and the prices of Bitcoin, Ether and Ripple have been in free fall due to occurences in South Korea, and latterly, and worse still in China!
In December Bitcoin was trading at almost £17.5k and this morning was down to £5414.00....currently has rallied to £5914.00, but not happy days!
Could be that the warnings that the bubble will burst, is already happening!
To answer your question s_d, the money is held in my Blockchain wallet, plus I have a few hundred in Coinbase.
I've ordered a "Ledger Nano" external bank, but demand is high and I'm told it could be late March!
My son was lucky in securing one of the last ones....
I've ordered a "Ledger Nano" external bank, but demand is high and I'm told it could be late March!
My son was lucky in securing one of the last ones....
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