Apparently the Chinese new year causes it but idk how true that is.
Cryptocurrency
- Thread starter Playboi Carti
- Start date
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.
And it went from $8500 when you posted that back to over $9000 at the time of my post
Be careful you don't fall into this pattern of thought.
https://optionalpha.com/wp-content/uploads/2011/04/Investor-Cycle.png
Looks like we are getting close to denial now, perhaps starting to see some fear.
And it went from $8500 when you posted that back to over $9000 at the time of my post
Well, that posted aged well.
I've never played with more than $100 at a time, but I've made at least that on the last several dips. All Ethereum.
I thought buying LTC at $160 was a steal, now its at $130. I’d hold out on ethereum it could drop to $700-800
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:
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:
Bitcoin went from 170 billion(dec 1st) to 330 billion(dec 17) in 17 days.... Of course there is going to be a dip
you can't buy stocks with credit cards. you can't buy lotto tickets with credit cards. meh.
it's down 61% from it's high a month ago. it's a buying opportunity. and then when it goes down another 60% that's another buying opportunity.