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Have any of you jumped into BTC or ETH yet? I set up a Coinbase account but was a bit put off by the transaction fees. Was planning on buying 2 BTC @ 5k and selling one once it doubled. While waiting for a pullback to my target it never came and now it’s nearly doubled. (Never mind I had set up a wallet 7 years ago but never bought any *facepalm*).

It’s clearly a mania now. But there’s still the potential for some gambling profit. If I do I’ll stick with the same plan, cover the initial outlay ASAP then letting it ride until the mortgage is paid.
quote:
Originally posted by bfw:
VLE.to - Valeura Energy
PNWRF in US

A spec play of mine that is on the cusp of proving up a huge gas find in energy needy Turkey.

Tripled last week Smile but has a lot more room to run if the flow results continue to impress.

Bfw

bfw, good for you getting in early, but FWIW, it looks to me like a classic pump n' dump.
quote:
Originally posted by VinT:
quote:
Originally posted by bfw:
VLE.to - Valeura Energy
PNWRF in US

A spec play of mine that is on the cusp of proving up a huge gas find in energy needy Turkey.

Tripled last week Smile but has a lot more room to run if the flow results continue to impress.

Bfw

bfw, good for you getting in early, but FWIW, it looks to me like a classic pump n' dump.


insert any wildcat energy company.
quote:
Originally posted by indybob:
quote:
Originally posted by finz:
Have any of you jumped into BTC yet?


Nnnnnope. Way too risky for my bones. Fake money that governments have no use for and can't collect taxes from? No thanks.

Good luck if you've picked some up.


I don't get it and why people are buying it. Seems like pure speculation with a likely popping of a bubble, like investing in tulips.
Bitcoin futures start trading on the CBOE at 6PM ET tonight. I think a lot of the run up in the last week is tied to this as a sign of investment legitimacy. You can now trade without actually having a digital wallet. On the flip side, it opens up the ability to bet on downward moves. Some believe the latter will destroy the price. We'll see. Currently at $15,115 as I type this. Many brokers are not allowing retail trades at all or no short positions and 50% margins.
quote:
Originally posted by vinole:
Bitcoin futures start trading on the CBOE at 6PM ET tonight. I think a lot of the run up in the last week is tied to this as a sign of investment legitimacy. You can now trade without actually having a digital wallet. On the flip side, it opens up the ability to bet on downward moves. Some believe the latter will destroy the price. We'll see. Currently at $15,115 as I type this. Many brokers are not allowing retail trades at all or no short positions and 50% margins.


as you can't "borrow" a bit coin,

by definition, all bit coin contracts will technically be "naked shorts" which is a big SEC nono.

Brokers will be very hestitant to hold bitcoins in their own pockets to cover borrowing and shorts for their clients.

as such, you probably need to be an accredited investor to trade bit coin on the CBOE and then find a broker to do the trade with.
quote:
Originally posted by g-man:
quote:
Originally posted by vinole:
Bitcoin futures start trading on the CBOE at 6PM ET tonight. I think a lot of the run up in the last week is tied to this as a sign of investment legitimacy. You can now trade without actually having a digital wallet. On the flip side, it opens up the ability to bet on downward moves. Some believe the latter will destroy the price. We'll see. Currently at $15,115 as I type this. Many brokers are not allowing retail trades at all or no short positions and 50% margins.


as you can't "borrow" a bit coin,

by definition, all bit coin contracts will technically be "naked shorts" which is a big SEC nono.

Brokers will be very hestitant to hold bitcoins in their own pockets to cover borrowing and shorts for their clients.

as such, you probably need to be an accredited investor to trade bit coin on the CBOE and then find a broker to do the trade with.


brain fart

cboe is futures.
quote:
Originally posted by spo:
quote:
Originally posted by g-man:
crypto currencies are the future!!!

everyone buy more!!

heh even more shocking is that folks dont know what the word "fork" means.


What do you like for buying/storing? GDAX?


how much money we talking about here? ;-)

gdax/kraken/bithumb are the big ones with the most liquidity.
quote:
Originally posted by spo:
quote:
Originally posted by g-man:


how much money we talking about here? ;-)

.


I just wanted to know where you were putting all those dogecoins Razz

To be honest I am just now starting to think about and look into this and may consider some money I could part with. I'll look at Kraken and Bithumb. Thanks.


fool and his gold =)

i dont think the retail player like me has enough money to really make it riskless.

also alot of these exchanges have max withdrawal limits.

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