Bitcoin hit $7600 yesterday! DAMN!!!
challism wrote: ↑
10 May 2019
BTC hit $6360 today. Just look at this month's growth, and the month is only 1/3 over. BTC was at $4000 just a month and a half ago.
So why didn't you start this thread back then?...
I'm not sure I understand the nature of your question. Your tone seems kind of derogatory, unless I am misreading you. I'm not sure why it matters when this thread was started, does it? It's a thread to discuss crypto. Asking you "Why didn't you comment on this thread earlier" would be an equally moot question, wouldn't it? .....
EDIT: I just noticed your "razz" face after the post. I guess you were joking around with me? And here I was being all serious.
You're right, man. I should have started this thread back when BTC was $100. It was $300 when I first heard about it. I didn't get started until it was at $4000 in 2017. Stupid me! I should have bought it in 2013 (or so) when I first heard about it.
I'm on a number of other forums where I can discuss crypto. RT is the forum where I discuss Reason. I don't really spend much time in "The Kitchen" here on RT. But I have talked with Briggs about BTC privately (due to seeing his signature to "buy Bitcoin") and thought I would post about crypto here in The Kitchen to see who else is into crypto or who might want to learn about it. There is also a promotion going on with Blockchain.com where they are giving away $50 worth of crypto, and I wanted to share that with anyone who is interested. I'm sure there are plenty of people on RT who are curious, and I would be willing to lend them a hand and share what I know.
challism wrote: ↑
11 May 2019
I just made 11% off XMR today. Bought it a day ago, just sold it.
How liquid is the market? Can you buy and sell instantly? It seems from what I am reading, that there is some lag time after a sell order has been placed.
The whole crypto market seems pretty unregulated.
It is very unregulated, yes. It's the wild, wild west. There are both good and bad things about that.
The liquidity depends on what coin you are buying and what exchange you are buying it on. If you are buying/selling BTC, you are sure to have you order filled instantly (assuming you are placing at the ASK/BID prices). You can't place an order for Bitcoin for $1 and expect it to be filled, obviously. But if the ask price is $6999.99 and you place an order for $7000, it would fill immediately after you click submit (assuming you don't have orders in front of you in the order book, at the exact same price. If you do, you could always change your price to $7000.01 and your order would be ahead of all the orders at 7k even.
If you are buying a coin with really low volume, you could be waiting a long time for the order to fill. Most of the top coins on the top exchanges have decent volume and you can get an order placed pretty fast. It all depends on volume. If nobody is buying or selling, the price won't move at all. I don't even look at a coin if it isn't in the top 100 (or 24 hour volume is too low). We will see a lot of coins come and go in the coming years. You don't want to end up holding bags of Sh*t.