Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin)

[lucky_scrote]

I'm still pretty excited about the future of crypto. To look at the bigger picture, the actual market cap vs the role crypto is going to take in the future is just a fraction. However, all investments are just speculative as the technology isn't at all implemented. If crypto disappeared tomorrow then the world will still function just fine.

I'm glad I invested when I did as the longer I spend in crypto space the more uneasy I feel. It's impossible to value something that is so far from being implemented right now. My personal opinion and feeling is that crypto isn't over-valued right now, but that it is going to continue to grow exponentially (bitcoin is has continued to grow exponentially) until a bubble bursts. History has a tendency to repeat itself and it's the reason why more veteran investors don't like to invest in crypto. About 3 months ago I no longer encouraged people to invest in crypto as it's not a solid investment but I think if someone enjoys swings and has an amount of income they are prepared to set aside, then fine. The risk reward is ultimately worth it but most people don't like to have much risk when investing.

1 bitcoin to be worth $25k
1 bitcoin to be worth $1k

Both seem as likely to me in 2018. A crash won't even be a bad thing and it will recover just like the tech market ultimately ended up doing as crypto will eventually be a part of every day life be it for monetary reasons, decentralised apps or contracts.

[SuuPRlim]

when's it gonna be worth £5k a coin? flittering around for weeks, I WANT FIVE KAYZ A COIN YO.

[cambridgealex]

when's it gonna be worth £5k a coin? flittering around for weeks, I WANT FIVE KAYZ A COIN YO.

Think you're the only pidge who sweats bitcoin in GBP mate

[youthnkzR]

I'm still pretty excited about the future of crypto. To look at the bigger picture, the actual market cap vs the role crypto is going to take in the future is just a fraction. However, all investments are just speculative as the technology isn't at all implemented. If crypto disappeared tomorrow then the world will still function just fine.

I'm glad I invested when I did as the longer I spend in crypto space the more uneasy I feel. It's impossible to value something that is so far from being implemented right now. My personal opinion and feeling is that crypto isn't over-valued right now, but that it is going to continue to grow exponentially (bitcoin is has continued to grow exponentially) until a bubble bursts. History has a tendency to repeat itself and it's the reason why more veteran investors don't like to invest in crypto. About 3 months ago I no longer encouraged people to invest in crypto as it's not a solid investment but I think if someone enjoys swings and has an amount of income they are prepared to set aside, then fine. The risk reward is ultimately worth it but most people don't like to have much risk when investing.

1 bitcoin to be worth $25k
1 bitcoin to be worth $1k

Both seem as likely to me in 2018. A crash won't even be a bad thing and it will recover just like the tech market ultimately ended up doing as crypto will eventually be a part of every day life be it for monetary reasons, decentralised apps or contracts.

25k 

[youthnkzR]

https://twitter.com/CMEGroup/status/925361721757327362

[AndrewT]

Presumably if Bitcoin hits $25k on here we'll start calling them cranberries.

[Marky147]

Presumably if Bitcoin hits $25k on here we'll start calling them cranberries.

[acegooner]

https://twitter.com/CMEGroup/status/925361721757327362

Having a regulated way of accessing an investment in bitcoin is a game changer for me. I still wouldn't buy bitcoin at these levels, just waiting for the sharks to circle and short the life out of BTC and get it back to more sensible levels. Then we can start looking at the fundamentals rather than momentum which seems to have the upper hand right now.

[lucky_scrote]

https://twitter.com/CMEGroup/status/925361721757327362

Having a regulated way of accessing an investment in bitcoin is a game changer for me. I still wouldn't buy bitcoin at these levels, just waiting for the sharks to circle and short the life out of BTC and get it back to more sensible levels. Then we can start looking at the fundamentals rather than momentum which seems to have the upper hand right now.

When you say sensible levels, if bitcoin reached say 20k next April then plummeted down to 6.5k by May (the current value) would you be looking to buy then?

[POWWWWWWWW]

when's it gonna be worth £5k a coin? flittering around for weeks, I WANT FIVE KAYZ A COIN YO.

[POWWWWWWWW]

[lucky_scrote]

Proper lol'd.

I sold all my alts a few days ago for btc. It's an absolute bloodbath out there for alt coins right now and right at this moment I am considering going 90% alts again just until before the fork. When there's blood on the streets...

[SuuPRlim]

when's it gonna be worth £5k a coin? flittering around for weeks, I WANT FIVE KAYZ A COIN YO.

Think you're the only pidge who sweats bitcoin in GBP mate

£5k a coin!!!!!

OIOIIIIIIIIIII

£s are the queens currency, $'s are trumps currency

[cambridgealex]

when's it gonna be worth £5k a coin? flittering around for weeks, I WANT FIVE KAYZ A COIN YO.

Think you're the only pidge who sweats bitcoin in GBP mate

£5k a coin!!!!!

OIOIIIIIIIIIII

£s are the queens currency, $'s are trumps currency

$7k a coin oioi!

[rfgqqabc]

Proper lol'd.

I sold all my alts a few days ago for btc. It's an absolute bloodbath out there for alt coins right now and right at this moment I am considering going 90% alts again just until before the fork. When there's blood on the streets...

Why not wait until after the snapshot has been taken?