Crypto currency. Anyone else giving it a go?

Discussion in 'The Tiki Bar' started by Nick70, Dec 27, 2017.

  1. Woody

    Woody Well-Known Member PLATINUM Sponsor

    Nov 20, 2007
    N. Wisconsin/Lk Superior
    2005 420DA
    Cummins 6CTA8.3
    I've been investing in beer my whole life, buy in at 18 bucks a 24pk and sell for about 30 cents....geez, my Dad was right when he said 'Son, you're just pissing away your money'.:eek:
     
    joeyleggz and northshore like this.
  2. northshore

    northshore Well-Known Member SILVER Sponsor

    Jan 17, 2011
    Cleveland, OH
    1989 340 Sundancer
    Raymarine E90W Radar/Chartplotter
    Twin 454 Mercruiser 340's
    I wonder where this will hit bottom. Just way too volatile for my taste.

    upload_2018-1-30_13-23-43.png
     
  3. Jharpe21

    Jharpe21 New Member

    19
    Jan 26, 2018
    In search of newish boat, 2000 yamaha ls2000, 97 maxum 2300
    5.7, twin 135's
    yeah the past month or so has been rough for crypto theres been alot of talk of heavy regulation in Asian countries and the new treasury guy in France is opposed to cryptocurrency as well. I pulled out in mid december it historically goes down around the holidays but I'm just waiting to put back in. I wouldn't really get concerned unless it got below 7k.
     
  4. Woody

    Woody Well-Known Member PLATINUM Sponsor

    Nov 20, 2007
    N. Wisconsin/Lk Superior
    2005 420DA
    Cummins 6CTA8.3
    Last edited: Jan 30, 2018
  5. northshore

    northshore Well-Known Member SILVER Sponsor

    Jan 17, 2011
    Cleveland, OH
    1989 340 Sundancer
    Raymarine E90W Radar/Chartplotter
    Twin 454 Mercruiser 340's
    6,653.02

    I'm starting to hear that same noise that follows Wile E. Coyote as he goes over the cliff.
    I wonder if there is any coupling between this and the broader market sell off/correction....
     
  6. Jharpe21

    Jharpe21 New Member

    19
    Jan 26, 2018
    In search of newish boat, 2000 yamaha ls2000, 97 maxum 2300
    5.7, twin 135's
    Not sure about the Dow but theres been alot of bad news about crypto recently China is trying to shut it down and major banks are doing their part to disrupt it as well .. Bitcoin was definently in for a correction there was a major spike in November running from 6k to about 20k in like a month. I'm still not that worried about it but that may be because I pulled everything out over a month ago. I am considering dumping everything back in but its kinda hard to tell where the bottom is hopefully not too far from here
     
  7. northern

    northern Well-Known Member

    Jan 17, 2007
    West coast Vancouver to Alaska
    380 Aft Cabin 1989 GPS and Charts by Nobeltec
    Twin 454 strait shaft
    Cash and beer both work for me.
     
    northshore likes this.
  8. joeyleggz

    joeyleggz Member

    288
    Jan 15, 2013
    long island
    current boat: 1997 sea ray 330 express cruiser
    twin 454's efi
    The Bottom is “0” I wish I knew I already averaged down twice on ripple thinking that was it!
     
  9. Jharpe21

    Jharpe21 New Member

    19
    Jan 26, 2018
    In search of newish boat, 2000 yamaha ls2000, 97 maxum 2300
    5.7, twin 135's
    Wish i woulda got back in on Bitcoin at 5800 lol
     
    Strecker25 likes this.
  10. Gofirstclass

    Gofirstclass Well-Known Member GOLD Sponsor

    Apr 20, 2010
    Tri Cities, WA
    1995 550 Sedan Bridge,
    2010 Boston Whaler 130 Super Sport,
    1981 Boston Whaler 130 Sport,
    CAT 3406C's, 580hp.
    Quick question from a person who is almost totally uninformed about cryptocurrency-->

    Can you short it like you can a stock or other investment?
     
  11. joeyleggz

    joeyleggz Member

    288
    Jan 15, 2013
    long island
    current boat: 1997 sea ray 330 express cruiser
    twin 454's efi
    Not sure but people must be day trading the shit out of this because it swings 20-30% every week for no rhyme or reason if you track the swings lot of $$$ to be made
     
    Strecker25 likes this.
  12. Strecker25

    Strecker25 Well-Known Member SILVER Sponsor

    Nov 20, 2014
    Rochester, NY
    1998 290 Sundancer
    Twin 5.7EFI/Alphas, Kohler 4kw
    People try to short it. They started futures contracts a few months ago
     

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