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Data Glasses

Top Contributor
Over a hundred and getting less every day ... my point was anyone who collects anything goes a little crazy with their obsession, just human nature. The world is changing though, all that old oak furniture imported from England really doesn't have appeal anymore. I actually do have a few "music" comics Jimi Hendrix, AcDc etc but just for fun and the cover artwork. Basically I do think a "digital investment" is the best contemporary form of having a finger in the pie. Be it Bitcoin or Domains and whatever else our modern world has to offer??
 

Scott7

Top Contributor
Far out. I remember when i was in year 12 i had 66 Bitcoins valued at $13 each - wish i had of kept them!
Wow! Mind you, it's easy in hindsight. Not many people have held from $13 until now without selling off some or all of their coins along the way. There are plenty who lost the lot at Mt Gox too. What happened to yours?
 

Scott7

Top Contributor
Tulip syndrome ?
I don't believe so, however, while I think it's extremely unlikely, it's possible that the whole thing could trace back to zero.

My opinion is that the technology is not going away, and even if there is a massive crash at some point, the price will eventually recover and go even higher. This is what happened when the price fell from 1,100 USD in late 2013 to 200 USD by mid-January 2015. As was the case then, the crash will be the time to buy, not sell.
 

Scott7

Top Contributor
upload_2017-11-2_22-20-56.png
Hourly candles from 29/10 6pm until 2/11 10pm when price hit 10,000 AUD for the first time.
 

Callum

Regular Member
Wow! Mind you, it's easy in hindsight. Not many people have held from $13 until now without selling off some or all of their coins along the way. There are plenty who lost the lot at Mt Gox too. What happened to yours?
That is very true, the temptation of selling when seeing %1000+ increases in price would be too great. I ended up selling mine for some schoolies spending money, spewing :p.
 

Scott7

Top Contributor
Recommendations is a strong word in such a speculative space, but I'll do my best.

In my opinion, the best indicator as to whether a cryprocurrency has a long term future is related uptake and how much they are actually being used and applied to practical purposes. At the moment, I would rate the three leaders in this area as Bitcoin, Ether and Litecoin.

Outside of these three, the one I like is Decred (pronounced Dee-cred, as in, short for decentralised credit). To me, the structure, development and principles behind it seem nicely streamlined and make more sense to me than many of the newer coins that are out there. The official website for it is Decred.org. It launched in February 2016 and was created by some former Bitcoin developers in an attempt to overcome some of the problems that they saw with Bitcoin.

Here is a chart of the price. I think there is plenty of upside, even at the current price. Then again, it is a cryptocurrency, so I could be wrong.

View attachment 506
Decred - Touchdown Australia! First Decred Australian meetup. "York Butter Factory and the Decred Project proudly present the launch of Decred's Australian Community!" Tuesday November 21, 2017 6pm to 9pm.
 

Scott7

Top Contributor
If you've got Bitcoin and are looking to increase your holdings without injecting any more cash, then keep holding.
More cryptocurrency dividends for holders of Bitcoin are on the way, in the form of Bitcoin Diamond and Super Bitcoin.
Once received, these altcoins that will be created through hard forks of the Bitcoin blockchain can be sold, allowing you to purchase more BTC.
 

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