Originally posted by Shane
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Originally posted by Shane View PostA lot of smart people who had stop loss orders on their Ethera got hammered back in June when a drop in value triggered their stop loss orders, turning them into market orders. Ethera dropped from $300+ down to $0.10 that day, as all those stop loss orders were getting filled. No circuit breakers in that market.
Most was refunded by the broker.
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There are some sites now which state Bitcoin is our preferred mode of cash transactions.
I have real cash at one of these sites, and haven't as yet gone the Bitcoin route. However, my investment there has increased significantly over time, and I am now thinking of partitioning it between cash and Bitcoin.
Does this make sense?
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Originally posted by AJ the TP Guru View PostThere are some sites now which state Bitcoin is our preferred mode of cash transactions.
I have real cash at one of these sites, and haven't as yet gone the Bitcoin route. However, my investment there has increased significantly over time, and I am now thinking of partitioning it between cash and Bitcoin.
Does this make sense?
is it weird that a grown man (me) has no idea wth y'all are talking about with all this?
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For all you new investors that are afraid of missing out, don't be. I'd get all your ducks in a row set up a coinbase account or GDAX account, get some cash in it, and wait for a good 30-40% correction then buy some BTC. Bitcoin corrects all the time and is extremely volatile. Buying anything at all time highs without extremely tight stop losses or babysitting is a bad move.
If you miss out on a 10-15% gain at the top who cares? You haven't lost money and you'll make even more when the big correction hits.
Be patient if it corrects below 9k you're getting into buy territory. I am hoping for drop to below 8k.
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Man I really wish I hadn't sold the 100btc I had in 2012 for $6 each. But I watched it go from $50 to .$01 in one day after GOX got hacked the first time. And to think I turned off my miners and sold them when I could no longer mine 1 btc per day... but even at 11k each there is still lots of potential. Btc will be 100k each in the next 20 years...
Don't write off Monero as well as Ether and Ripple. All the banks are hopping on the Ripple bandwagon. Monero and Ether can still be mined by normal people with GPUs.
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we had a kid (20ish) interning here....had apparently bought low...and quit..(didnt even call in...just told some coworkers he wont be back) .apparently he made a fortune...
I was also around the scene when apple and yahoo were attainable.. but nnnnnnnnnnooooo, i thought chicks, cars, and computer **** were better investments at that time...
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Originally posted by CJ776 View PostFor all you new investors that are afraid of missing out, don't be. I'd get all your ducks in a row set up a coinbase account or GDAX account, get some cash in it, and wait for a good 30-40% correction then buy some BTC. Bitcoin corrects all the time and is extremely volatile. Buying anything at all time highs without extremely tight stop losses or babysitting is a bad move.
If you miss out on a 10-15% gain at the top who cares? You haven't lost money and you'll make even more when the big correction hits.
Be patient if it corrects below 9k you're getting into buy territory. I am hoping for drop to below 8k.
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Originally posted by systemnt View Postwe had a kid (20ish) interning here....had apparently bought low...and quit..(didnt even call in...just told some coworkers he wont be back) .apparently he made a fortune...
I was also around the scene when apple and yahoo were attainable.. but nnnnnnnnnnooooo, i thought chicks, cars, and computer **** were better investments at that time...
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