Cryptocurrencies. What say you?

Day trading altcoins is a great way to make or loose money... i actually had an incident recently not remembering that years ago my uncle got into mining in the beginning and have given me some bitcoin for Christmas years ago. I’m now playing around with some day trading. Just try to make enough money to cover your transaction fees.. and cash out at the end of the day. Also i got some great advice from a forex trader and that’s to 1 practice a lot just using a pad of paper abd doing your own fake transactions and transaction history while the live market is running. 2 limit yourself to a set amount of time to dedicate complete focus on the market as its running while you are trading. Say 2 hours and close out at first and then build up your tolerance and take set breaks away from the screen.

 

Yea no problem man, just trying to help you avoid the mistakes Ive made. Gdax will save you a ton of transaction fees. Use coinmarketcap.com to look at market cap and coin supply of companies your thinking of investing in, then compare those stats vs some other companies to see potential future price (not saying thats where they will end up, but it gives you an idea of potential). A lot of companies are just starting because its a new technology. Bitcoins great long term, but some of these new companies may offer better returns if you catch them early. Datadash and crypto love are great youtuber's who post daily. check them out

 

Yes it is

 

Short squeeze

 

Bitcoin topped 11K.

 

Could bitcoin be affected like the stock market if government shuts down next week?

 

Bitcoin could be affected by government regulation, that is for sure.
And who is it that owns the "dollar"?
Oh...government, that is who.
Risky investment for sure, however, were I younger with time to make back potential loses, and had I got in at lower price, maybe I would have taken a position, albeit small.

 

It's an international currency. l am by no stretch an international economic guru, but I don't think it will be affected negatively. Here's where we need Yankee or someone else to drop some knowledge.
Slysitck?

Barry, Same boat, or boart as you. My son's doing well with crypto's though. I don't think the government can shut it down. It can be banned by a government as a currency in that country.

 

Seems similar to the dot com boom, with major players like bitcoin surviving while others could be left holding an empty bag.

 

Believe me, I am not saying they are all bad, and yes, I am aware there are others, lots of them. For "globalists", or even those that think countries should have no borders, they may be an asset to their geo-political-economical aims. For me, at age 66, I am happy remaining "provincial" and living out my days without excessive risk, going to PR once per year, France once per year, all with my beautiful (to my eyes) Quebec wife. Aditionally, I like greenbacks.....

 

You may have a point there, and as .com did, crypto bubble may go "Pop!!" any second now. I will stay out and be happy with my lot....

 

9400 yesterday, high of 11300 today, dipped back down to 8900 currently at 10200

Hopefully you got some today when it dipped! If you invested (10K) around 11 today you could have made 2 Gs in an hour.

 

Just broke 13k. I told my son to sell at $11,500. He didn't listen... Lucky him for now.

 

$13,416 At the moment.
$14K by days end. $20K by end of 17, $50K by end of 18.

up 25% after less than a week. I wish I put more in...

Your son should hang on to that **** for another year or 2

 

"Hackers swipe over $64mn in bitcoin from cryptocurrency marketplace NiceHash"

A prime example of outright fraud and surprised the .GOV has not stepped in yet and charged as securities fraud.

This gives Ponzi schemes a bad name.

 

Be sure to take profit or these runs wont mean anything. Best of luck. Too risky to enter now imo unless it is for short-term flips.