Buying Bitcoins

[qldfrog]

Oops sorry make that 200 %
50c to $1.50

No all up in December

bought this week at $1 saw it at 1.66 today...very small amount but great %...

 

[tech/a]

Went down to 1.02
Now $1.43
Really volatile

 

[notting]

Now 1.27

Buffett partner Charlie Munger says bitcoin is ‘total insanity,’ avoid it ‘like the plague’

• Charlie Munger shared his views on cryptocurrencies at a University of Michigan's Ross School of Business event.
• "I think it is perfectly asinine to even pause to think about them," he said. "It's bad people, crazy bubble, bad idea, luring people into the concept of easy wealth without much insight or work."
• "There's just a whole lot of things that aren't going to work for you. Figure out what they are and avoid them like the plague. And one of them is bitcoin. … It is total insanity," the investor added.

Lend me your longs........

 

[tech/a]

Now $1.40
The whole portfolio is still up and very close to its high
So happy to sit

 

[notting]

Epic!

 

[tech/a]

Interestingly (well to me anyway)
I’m running some T/A on crypto charts
Control Volume —— it’s conformed as expected
Even during this amazing volatility

I’ll see if I can mark up some charts if interested
In watching

As you know have skin in the game.

 

[notting]

I'm out as of 3.30am last night!
Pairing Bcash Longs vs Bticoin was compelling

 

[skyQuake]

GBTC US is where the action is! Its a listed Bitcoin ETF so all the punters have access to it. Historically trades around 60% prem to NAV. Last week it was at 110%. Last night's open it was at 0%
The vicious bounce from flat back to a large prem tells me there's still a lot of hot money interested!

ETF (candle) vs Bitcoin (blue). Normalized as of US open 1:30am AEST

 

[noirua]

Bitcoin Investment Trust NPV
http://www.hl.co.uk/shares/shares-search-results/b/bitcoin-investment-trust-npv

 

[greggles]

Everything you need to know about Bitcoin

 

[notting]

This is great analysis. I'm in!

 

[tech/a]

There will always be three sides to crypto

Disbelievers
Believers
Stuffed if I know who cares anyway

If you do nothing else this coming year
Read “ The Age of Cryptocurrency”

At least you’ll be informed.

 

[qprjames]

I assume investing in a company like Digitalx (DCC - ASX) would give good exposure to Bitcoin without having to actually purchase bitcoin? I also assume DigitalX might spread their risk with other cyrpto currencies etc?

And If a crash is on the cards, aren't they more likely to know about and sell (and similarly buy when thy know it might rise?). I assume the average bitcoin buyer these days has probably zero investing knowledge, and think it is a 'get rich quick' scheme and then it will continue to go up and up and up and probably not even find out about the drop until well after it has happened? Possibly even days after!

I was looking at investing a small amount into a company which deals with cryptocurrency and its trading methods. And yes i know i am aware i might lose the whole amount tomorrow if i do take the plunge!! Thoughts?

 

[bitmonarch]

Guys 2 questions: 1) Is it hard to obtain Bitcoin via cloud mining? I mean, maybe it makes sense to do so if you don’t trust exchanges and want to mine coins
2) If you know anything about cloud mining… What of the services reviewed on this website ( http://miningtop10.com/ ) would you advise?

 

[Joules MM1]

alternate handles for new posters:
bitsuss
bitobvious
biteme
bituman, as in, hit the road jack dont ya come back no more no more no more......

 

[moXJO]

Guys 2 questions: 1) Is it hard to obtain Bitcoin via cloud mining? I mean, maybe it makes sense to do so if you don’t trust exchanges and want to mine coins
2) If you know anything about cloud mining… What of the services reviewed on this website ( http://miningtop10.com/ ) would you advise?

There are calculators to give you an idea of profitability. But in general it can be hard to turn a profit. Also a lot of scams and you are at the mercy of exchange rates, electricity and other maintenance fees. The company can just shutdown and take all your money as well.

Hashflare at least tries to show users they are trying to be legit. But I would always be cautious.
You basically make the initial investment and then let the contract roll. Read the terms and conditions before you click. And remember it needs to be money you can lose.

 

[cclarkedi]

If you want to buy bitcoins you can look for cryptocurrency exchangers on Google. I would recommend using large ones. Something like cex or poloniex

 

[Kryzz]

I haven't been actively trading crypto but still hold a small size portfolio. I have a question re account access if anyone can help though.

My iPhone is borderline dead and turns on only when it feels like, which makes accessing the 2FA via the Google authenticator app a nightmare. Has anyone been in this situation before?

If I get a new phone, will I need to disable 2FA on all my exchanges then scan the QR codes again on the new phone?

Someone has recommended I backup my QR codes using "Authy" instead of the google app - does anyone here use this?

Thanks!

 

[greggles]

If I get a new phone, will I need to disable 2FA on all my exchanges then scan the QR codes again on the new phone?

Although I haven't been in your situation (yet), instinct tells me that this is probably the simplest way to go about it. However your best bet is to contact support at the exchange and ask them, just to be sure.

 

[Kryzz]

Although I haven't been in your situation (yet), instinct tells me that this is probably the simplest way to go about it. However your best bet is to contact support at the exchange and ask them, just to be sure.

Think I'll have to give that a go indeed.