cryptocurrencies trading is an unregulated market of an asset that has no intrinsic value - 99% of those playing this market are going to lose everything ..
for those who need a history lesson I would recommend this book
Reminiscences of a Stock Operator
it is about the unregulated stock market of the late 19th and early 20th century ..
"Here's this book about the stock market even though cryptocurrencies aren't stocks, the markets are night and day different and I have no idea what the technology entails or actually does. Listen to me"
RE: It's funny how people like to tell others how to spend their money Â
"Here's this book about the stock market even though cryptocurrencies aren't stocks, the markets are night and day different and I have no idea what the technology entails or actually does. Listen to me"
"Here's this book about the stock market even though cryptocurrencies aren't stocks, the markets are night and day different and I have no idea what the technology entails or actually does. Listen to me"
you are 100% correct -- cryptocurrencies are not stocks because stocks have an underlying intrinsic value and cryptocurrencies do not
however both assets are bought and sold in a marketplace
the only difference is stocks are traded in a market heavily regulated by government agency (SEC) to protect investors from fraud , manipulation and outright thievery.
and cryptocurrencies are trading in a completely unregulated marketplace .
but yeah it is all about the underlying technology
Based on what I read, Ripple is useful. The coin, XRP, created for Ripple, is useless. Not sure how accurate that is...but that's basically what I read.
almost half a trillion dollars in value in 10 days.
while many blockchain and blockchain related stocks have thrived.
My guess, and it's purely a guess based on my field and my experience during the dot-com era, but I think the blockchain survives, the currencies most likely don't. Their utility without the blockchain is nothing, but the reverse is not true.
It will be a fun ride for people who get in early and see massive appreciation for no real reason other than FOMO, but I can see the big banks getting regulation passed and relying on the more well known blockchains for transacting instantaneously and securely.
In the US there is a requirement to "know" your customer so anonymity is not necessarily a good thing and as the technology of the cryptocurrencies evolves away from the initial bitcoin/litecoin (and others) anonymity allure, you're back to big banks and the uniqueness of the cryptocurrencies is only in their crypto algorithm, which won't be enough to commercialize them - at least not as a commodity which is how they're trading now.
cryptocurrencies in the US today are treated as assets, not currencies and treated as capital gains each time they're used, until and unless that gets changed the future is murky at best.
almost half a trillion dollars in value in 10 days.
while many blockchain and blockchain related stocks have thrived.
My guess, and it's purely a guess based on my field and my experience during the dot-com era, but I think the blockchain survives, the currencies most likely don't. Their utility without the blockchain is nothing, but the reverse is not true.
It will be a fun ride for people who get in early and see massive appreciation for no real reason other than FOMO, but I can see the big banks getting regulation passed and relying on the more well known blockchains for transacting instantaneously and securely.
In the US there is a requirement to "know" your customer so anonymity is not necessarily a good thing and as the technology of the cryptocurrencies evolves away from the initial bitcoin/litecoin (and others) anonymity allure, you're back to big banks and the uniqueness of the cryptocurrencies is only in their crypto algorithm, which won't be enough to commercialize them - at least not as a commodity which is how they're trading now.
cryptocurrencies in the US today are treated as assets, not currencies and treated as capital gains each time they're used, until and unless that gets changed the future is murky at best.
I agree with this one hundred percent. Blockchain as a technology is here to stay. But there is nothing about any particular crypto coin that can really provide it long term differentiation from other coins.
That said, there's a little cash to be made here before the bubble bursts.
almost half a trillion dollars in value in 10 days.
while many blockchain and blockchain related stocks have thrived.
My guess, and it's purely a guess based on my field and my experience during the dot-com era, but I think the blockchain survives, the currencies most likely don't. Their utility without the blockchain is nothing, but the reverse is not true.
It will be a fun ride for people who get in early and see massive appreciation for no real reason other than FOMO, but I can see the big banks getting regulation passed and relying on the more well known blockchains for transacting instantaneously and securely.
In the US there is a requirement to "know" your customer so anonymity is not necessarily a good thing and as the technology of the cryptocurrencies evolves away from the initial bitcoin/litecoin (and others) anonymity allure, you're back to big banks and the uniqueness of the cryptocurrencies is only in their crypto algorithm, which won't be enough to commercialize them - at least not as a commodity which is how they're trading now.
cryptocurrencies in the US today are treated as assets, not currencies and treated as capital gains each time they're used, until and unless that gets changed the future is murky at best.
I agree with this one hundred percent. Blockchain as a technology is here to stay. But there is nothing about any particular crypto coin that can really provide it long term differentiation from other coins.
That said, there's a little cash to be made here before the bubble bursts.
Not true. Let's take NEO as an example.
NEO is the platform. By owning NEO, investors generate GAS with each new block added to the chain and with each transaction made on the blockchain. It's called GAS because it literally serves as the gas that makes the platform run. There is a supply of 100 Million NEO, and each one will produce 1 GAS in a span of 22 years, also giving GAS a supply of 100 Million.
In short, holding NEO generates a "dividend" (not really, but easier to understand) called GAS which creates incentives to hold NEO through passive income via GAS. The more NEO you have, the more GAS you generate
Also, companies that want to host their project on the NEO platform will need to purchase GAS, as NEO charges GAS for the storage and operation of tokens and smart contracts.
NEO holders can also manage the network and vote on network capabilities.
So, as you can see, it makes sense to hold NEO, not trade it. And with a very low supply of only 100 Million, there is a VERY VERY low amount being traded on exchanges, as most people simply hold their NEO for the GAS payout. Low supply + High demand = You figure it out.
The VEN network will also generate a "gas-like" dividend called THOR. However, VEN has a supply of 1 Billion coins, so more than NEO, but will likely produce more THOR at a faster rate.
From what I'm reading, you guys have a very general knowledge of the industry as a whole, and not one based in specifics about what coins do what. There are absolutely factors that make coins worth more or better logistically than others.
Sorry if I come off as snobby, but I've never seen more misinformation passed along as fact than I do with crypto.
almost half a trillion dollars in value in 10 days.
while many blockchain and blockchain related stocks have thrived.
My guess, and it's purely a guess based on my field and my experience during the dot-com era, but I think the blockchain survives, the currencies most likely don't. Their utility without the blockchain is nothing, but the reverse is not true.
It will be a fun ride for people who get in early and see massive appreciation for no real reason other than FOMO, but I can see the big banks getting regulation passed and relying on the more well known blockchains for transacting instantaneously and securely.
In the US there is a requirement to "know" your customer so anonymity is not necessarily a good thing and as the technology of the cryptocurrencies evolves away from the initial bitcoin/litecoin (and others) anonymity allure, you're back to big banks and the uniqueness of the cryptocurrencies is only in their crypto algorithm, which won't be enough to commercialize them - at least not as a commodity which is how they're trading now.
cryptocurrencies in the US today are treated as assets, not currencies and treated as capital gains each time they're used, until and unless that gets changed the future is murky at best.
I agree with this one hundred percent. Blockchain as a technology is here to stay. But there is nothing about any particular crypto coin that can really provide it long term differentiation from other coins.
That said, there's a little cash to be made here before the bubble bursts.
Not true. Let's take NEO as an example.
NEO is the platform. By owning NEO, investors generate GAS with each new block added to the chain and with each transaction made on the blockchain. It's called GAS because it literally serves as the gas that makes the platform run. There is a supply of 100 Million NEO, and each one will produce 1 GAS in a span of 22 years, also giving GAS a supply of 100 Million.
In short, holding NEO generates a "dividend" (not really, but easier to understand) called GAS which creates incentives to hold NEO through passive income via GAS. The more NEO you have, the more GAS you generate
Also, companies that want to host their project on the NEO platform will need to purchase GAS, as NEO charges GAS for the storage and operation of tokens and smart contracts.
NEO holders can also manage the network and vote on network capabilities.
So, as you can see, it makes sense to hold NEO, not trade it. And with a very low supply of only 100 Million, there is a VERY VERY low amount being traded on exchanges, as most people simply hold their NEO for the GAS payout. Low supply + High demand = You figure it out.
The VEN network will also generate a "gas-like" dividend called THOR. However, VEN has a supply of 1 Billion coins, so more than NEO, but will likely produce more THOR at a faster rate.
From what I'm reading, you guys have a very general knowledge of the industry as a whole, and not one based in specifics about what coins do what. There are absolutely factors that make coins worth more or better logistically than others.
Sorry if I come off as snobby, but I've never seen more misinformation passed along as fact than I do with crypto.
You're not snobby at all.
I didn't mean that the coins are all the same. I mean, that there's still the fundamental weakness of any individual coin. And that is, there's nothing backing its value and there's a basically unlimited number of potential competitors. What I mean by that is that I could probably get the other engineers on this site together, get some seed money and make BBICoin. It would be different than the other coins out there but only hold value if I can convince others it has value.
So, sure, ultimately the technology may coalesce around a particular coin or more likely a few coins - those may retain some long term value. But most of these coins are being made expressly to try and cash in on the speculation fever. And once the fever subsides, it's gonna be ugly for folks holding those coins, just like stockholders in Pets.com.
either, and believe me, I'm well versed in cypto, block chain, and block chain infrastructure and nothing I said is misinformation.
When you have offerings like NEO they cross over beyond pure crypto or ICO's to block chain, and have a much better chance at success, though to my point it won't be because of their crypto it will be because of their network or block chain IMO.
though they're still a Chinese company at the end of the day and while that isn't the kiss of death it once was, many Chinese investments are no longer as risky as they once were it's still a Chinese company.
And that's exactly what happened this past month. New investors see BBICoin at .02 with no clue if that's high or low or normal or a dip or a pump...nothing. (TRON) They do know that Bitcoin was 15K though, so what's stopping BBICoin from also being 15K?!
Hopefully this crash will do away with those coins and let the legitimately good projects shine through. I'm hoping we start to see a big gap between the top 20 and 21-100.
Your last two sentences is spot on. Apologies for misunderstanding your OP
And that's exactly what happened this past month. New investors see BBICoin at .02 with no clue if that's high or low or normal or a dip or a pump...nothing. (TRON) They do know that Bitcoin was 15K though, so what's stopping BBICoin from also being 15K?!
Hopefully this crash will do away with those coins and let the legitimately good projects shine through. I'm hoping we start to see a big gap between the top 20 and 21-100.
Your last two sentences is spot on. Apologies for misunderstanding your OP
No worries. It's a complicated subject and I wasn't necessarily being very clear.
HODL hard my friend. What a great buying opportunity right now.. It's going to be a good year!
I wish I had some extra fiat to throw in the last two days. It's nice to see that I am only $2,000 in the red now. What a freaking bloodbath, but you gotta be patient.
WanChain is about to present at the North American Bitcoin Conference Â
This is one project that is going to have a huge year.
I have been following this since it was mentioned a few weeks ago. If I getting this right, you get 740 CPY for one ETH. That comes to about $1.47 per CPY. Isn't that a little high for the public-sale?
who now has five different systems with different responsibilities setup through the house (even 8 year old KidFilthy is about to get surprised with a third monitor for her gaming PC), fuck cryptocurrency and especially FUCK MINERS!
RE: As an avid and seemingly constant PC builder Â
who now has five different systems with different responsibilities setup through the house (even 8 year old KidFilthy is about to get surprised with a third monitor for her gaming PC), fuck cryptocurrency and especially FUCK MINERS!
Lots of good deals on pre-builts at the moment.
Check this out Filthy. Also check out the subreddit of the same name. Lots of videos.
Invested $1K last month, down to $600 now, should I cut losees and sell?
Seems to drop and drop...
What's your timeframe? Short-term things look bleak. Support broken, tether concerns, etc.
Is it going to keep sinking?
What happened?
Is losing $1000 really going to make a huge difference in your life if BTC goes to 0 (not a chance of that happening)? If so, then you probably shouldn't have invested it at all. If not, then don't sell at the bottom.
Invested $1K last month, down to $600 now, should I cut losees and sell?
Seems to drop and drop...
What's your timeframe? Short-term things look bleak. Support broken, tether concerns, etc.
Is it going to keep sinking?
What happened?
Just recently:
-Facebook banned crypto ads
-Bitfinex and Tether are under investigation
-China started blocking overseas crypto trading sites
-India is taking some sort of action against crypto
-SEC has cancelled several ICOs
-Banks are banning the purchase of crypto with credit cards
Invested $1K last month, down to $600 now, should I cut losees and sell?
Seems to drop and drop...
No, never sell at a loss. Especially not that little. It's down 40% what's another 10% before it bounces.
BUT with that being said, I hope this was money you were prepared to let sit for a while. It's an investment/risk, not a quick and easy way to make a few bucks.
Invested $1K last month, down to $600 now, should I cut losees and sell?
Seems to drop and drop...
No, never sell at a loss. Especially not that little. It's down 40% what's another 10% before it bounces.
BUT with that being said, I hope this was money you were prepared to let sit for a while. It's an investment/risk, not a quick and easy way to make a few bucks.
So it will bounce back, eventually?
This isn't going to crash and burn?
That's my main concern.
Invested $1K last month, down to $600 now, should I cut losees and sell?
Seems to drop and drop...
No, never sell at a loss. Especially not that little. It's down 40% what's another 10% before it bounces.
BUT with that being said, I hope this was money you were prepared to let sit for a while. It's an investment/risk, not a quick and easy way to make a few bucks.
So it will bounce back, eventually?
This isn't going to crash and burn?
That's my main concern.
Nobody knows, I’m not here to give financial advice
"Conclusion
Through the years, technological innovations have improved our markets, including
through increased competition, lower barriers to entry and decreased costs for market
participants. Distributed ledger and other emerging technologies have the potential to further
influence and improve the capital markets and the financial services industry. Businesses,
especially smaller businesses without efficient access to traditional capital markets, can be aided
by financial technology in raising capital to establish and finance their operations, thereby
allowing them to be more competitive both domestically and globally. And these technological
innovations can provide investors with new opportunities to offer support and capital to novel
concepts and ideas.
History, both in the United States and abroad, has proven time and again that these
opportunities flourish best when pursued in harmony with our federal securities laws. These
laws reflect our tripartite mission to protect investors, maintain fair, orderly and efficient markets
and facilitate capital formation. Being faithful to each part of our mission not in isolation, but
collectively, has served us well. Said simply, we should embrace the pursuit of technological
advancement, as well as new and innovative techniques for capital raising, but not at the expense
of the principles undermining our well-founded and proven approach to protecting investors and
markets.
one of the crypto's big selling points is that is that it is not tied to any country or currency .. and promised to be the next generation of money
and yet every time a country cracks down on (the unregulated ) crypto marketplaces it causes cryptos to plummet ..
so don't you think that maybe the whole premise that crpyto is next generation of money is incorrect ?
No.
I'd explain, but you literally come into these threads and throw around all of the media manufactured sayings about bubbles and (my favorite one) "no intrinsic value"
If you want to know what the appeal is, then do some research. The very reason this market is so fucked up right now is because people didn't know what they were throwing money into in December but did it anyway.
Dash
ZCash
Pivx
Navcoin
Others?
I know I'm missing a few (although I'm deliberately omitting Verge).
I'd also mention that the last three times BTC fell below its 100 day moving average, it hit its ATH shortly after.
Can't wait to see the bounce this produces.
https://www.reddit.com/r/CryptoCurrency/comments/7qw4ej/my_theory_on_the_real_cause_of_todays_chaos/ - ( New Window )
for those who need a history lesson I would recommend this book
Reminiscences of a Stock Operator
it is about the unregulated stock market of the late 19th and early 20th century ..
Reminiscences of a Stock Operator - ( New Window )
Read it before you lose everything!!!
you are 100% correct -- cryptocurrencies are not stocks because stocks have an underlying intrinsic value and cryptocurrencies do not
however both assets are bought and sold in a marketplace
the only difference is stocks are traded in a market heavily regulated by government agency (SEC) to protect investors from fraud , manipulation and outright thievery.
and cryptocurrencies are trading in a completely unregulated marketplace .
but yeah it is all about the underlying technology
Ten years in, nobody has come up with a use for blockchain - ( New Window )
Based on what I read, Ripple is useful. The coin, XRP, created for Ripple, is useless. Not sure how accurate that is...but that's basically what I read.
while many blockchain and blockchain related stocks have thrived.
My guess, and it's purely a guess based on my field and my experience during the dot-com era, but I think the blockchain survives, the currencies most likely don't. Their utility without the blockchain is nothing, but the reverse is not true.
It will be a fun ride for people who get in early and see massive appreciation for no real reason other than FOMO, but I can see the big banks getting regulation passed and relying on the more well known blockchains for transacting instantaneously and securely.
In the US there is a requirement to "know" your customer so anonymity is not necessarily a good thing and as the technology of the cryptocurrencies evolves away from the initial bitcoin/litecoin (and others) anonymity allure, you're back to big banks and the uniqueness of the cryptocurrencies is only in their crypto algorithm, which won't be enough to commercialize them - at least not as a commodity which is how they're trading now.
cryptocurrencies in the US today are treated as assets, not currencies and treated as capital gains each time they're used, until and unless that gets changed the future is murky at best.
while many blockchain and blockchain related stocks have thrived.
My guess, and it's purely a guess based on my field and my experience during the dot-com era, but I think the blockchain survives, the currencies most likely don't. Their utility without the blockchain is nothing, but the reverse is not true.
It will be a fun ride for people who get in early and see massive appreciation for no real reason other than FOMO, but I can see the big banks getting regulation passed and relying on the more well known blockchains for transacting instantaneously and securely.
In the US there is a requirement to "know" your customer so anonymity is not necessarily a good thing and as the technology of the cryptocurrencies evolves away from the initial bitcoin/litecoin (and others) anonymity allure, you're back to big banks and the uniqueness of the cryptocurrencies is only in their crypto algorithm, which won't be enough to commercialize them - at least not as a commodity which is how they're trading now.
cryptocurrencies in the US today are treated as assets, not currencies and treated as capital gains each time they're used, until and unless that gets changed the future is murky at best.
I agree with this one hundred percent. Blockchain as a technology is here to stay. But there is nothing about any particular crypto coin that can really provide it long term differentiation from other coins.
That said, there's a little cash to be made here before the bubble bursts.
Quote:
almost half a trillion dollars in value in 10 days.
while many blockchain and blockchain related stocks have thrived.
My guess, and it's purely a guess based on my field and my experience during the dot-com era, but I think the blockchain survives, the currencies most likely don't. Their utility without the blockchain is nothing, but the reverse is not true.
It will be a fun ride for people who get in early and see massive appreciation for no real reason other than FOMO, but I can see the big banks getting regulation passed and relying on the more well known blockchains for transacting instantaneously and securely.
In the US there is a requirement to "know" your customer so anonymity is not necessarily a good thing and as the technology of the cryptocurrencies evolves away from the initial bitcoin/litecoin (and others) anonymity allure, you're back to big banks and the uniqueness of the cryptocurrencies is only in their crypto algorithm, which won't be enough to commercialize them - at least not as a commodity which is how they're trading now.
cryptocurrencies in the US today are treated as assets, not currencies and treated as capital gains each time they're used, until and unless that gets changed the future is murky at best.
I agree with this one hundred percent. Blockchain as a technology is here to stay. But there is nothing about any particular crypto coin that can really provide it long term differentiation from other coins.
That said, there's a little cash to be made here before the bubble bursts.
Not true. Let's take NEO as an example.
NEO is the platform. By owning NEO, investors generate GAS with each new block added to the chain and with each transaction made on the blockchain. It's called GAS because it literally serves as the gas that makes the platform run. There is a supply of 100 Million NEO, and each one will produce 1 GAS in a span of 22 years, also giving GAS a supply of 100 Million.
In short, holding NEO generates a "dividend" (not really, but easier to understand) called GAS which creates incentives to hold NEO through passive income via GAS. The more NEO you have, the more GAS you generate
Also, companies that want to host their project on the NEO platform will need to purchase GAS, as NEO charges GAS for the storage and operation of tokens and smart contracts.
NEO holders can also manage the network and vote on network capabilities.
So, as you can see, it makes sense to hold NEO, not trade it. And with a very low supply of only 100 Million, there is a VERY VERY low amount being traded on exchanges, as most people simply hold their NEO for the GAS payout. Low supply + High demand = You figure it out.
The VEN network will also generate a "gas-like" dividend called THOR. However, VEN has a supply of 1 Billion coins, so more than NEO, but will likely produce more THOR at a faster rate.
From what I'm reading, you guys have a very general knowledge of the industry as a whole, and not one based in specifics about what coins do what. There are absolutely factors that make coins worth more or better logistically than others.
Sorry if I come off as snobby, but I've never seen more misinformation passed along as fact than I do with crypto.
Quote:
In comment 13794156 pjcas18 said:
Quote:
almost half a trillion dollars in value in 10 days.
while many blockchain and blockchain related stocks have thrived.
My guess, and it's purely a guess based on my field and my experience during the dot-com era, but I think the blockchain survives, the currencies most likely don't. Their utility without the blockchain is nothing, but the reverse is not true.
It will be a fun ride for people who get in early and see massive appreciation for no real reason other than FOMO, but I can see the big banks getting regulation passed and relying on the more well known blockchains for transacting instantaneously and securely.
In the US there is a requirement to "know" your customer so anonymity is not necessarily a good thing and as the technology of the cryptocurrencies evolves away from the initial bitcoin/litecoin (and others) anonymity allure, you're back to big banks and the uniqueness of the cryptocurrencies is only in their crypto algorithm, which won't be enough to commercialize them - at least not as a commodity which is how they're trading now.
cryptocurrencies in the US today are treated as assets, not currencies and treated as capital gains each time they're used, until and unless that gets changed the future is murky at best.
I agree with this one hundred percent. Blockchain as a technology is here to stay. But there is nothing about any particular crypto coin that can really provide it long term differentiation from other coins.
That said, there's a little cash to be made here before the bubble bursts.
Not true. Let's take NEO as an example.
NEO is the platform. By owning NEO, investors generate GAS with each new block added to the chain and with each transaction made on the blockchain. It's called GAS because it literally serves as the gas that makes the platform run. There is a supply of 100 Million NEO, and each one will produce 1 GAS in a span of 22 years, also giving GAS a supply of 100 Million.
In short, holding NEO generates a "dividend" (not really, but easier to understand) called GAS which creates incentives to hold NEO through passive income via GAS. The more NEO you have, the more GAS you generate
Also, companies that want to host their project on the NEO platform will need to purchase GAS, as NEO charges GAS for the storage and operation of tokens and smart contracts.
NEO holders can also manage the network and vote on network capabilities.
So, as you can see, it makes sense to hold NEO, not trade it. And with a very low supply of only 100 Million, there is a VERY VERY low amount being traded on exchanges, as most people simply hold their NEO for the GAS payout. Low supply + High demand = You figure it out.
The VEN network will also generate a "gas-like" dividend called THOR. However, VEN has a supply of 1 Billion coins, so more than NEO, but will likely produce more THOR at a faster rate.
From what I'm reading, you guys have a very general knowledge of the industry as a whole, and not one based in specifics about what coins do what. There are absolutely factors that make coins worth more or better logistically than others.
Sorry if I come off as snobby, but I've never seen more misinformation passed along as fact than I do with crypto.
You're not snobby at all.
I didn't mean that the coins are all the same. I mean, that there's still the fundamental weakness of any individual coin. And that is, there's nothing backing its value and there's a basically unlimited number of potential competitors. What I mean by that is that I could probably get the other engineers on this site together, get some seed money and make BBICoin. It would be different than the other coins out there but only hold value if I can convince others it has value.
So, sure, ultimately the technology may coalesce around a particular coin or more likely a few coins - those may retain some long term value. But most of these coins are being made expressly to try and cash in on the speculation fever. And once the fever subsides, it's gonna be ugly for folks holding those coins, just like stockholders in Pets.com.
When you have offerings like NEO they cross over beyond pure crypto or ICO's to block chain, and have a much better chance at success, though to my point it won't be because of their crypto it will be because of their network or block chain IMO.
though they're still a Chinese company at the end of the day and while that isn't the kiss of death it once was, many Chinese investments are no longer as risky as they once were it's still a Chinese company.
And that's exactly what happened this past month. New investors see BBICoin at .02 with no clue if that's high or low or normal or a dip or a pump...nothing. (TRON) They do know that Bitcoin was 15K though, so what's stopping BBICoin from also being 15K?!
Hopefully this crash will do away with those coins and let the legitimately good projects shine through. I'm hoping we start to see a big gap between the top 20 and 21-100.
Your last two sentences is spot on. Apologies for misunderstanding your OP
And that's exactly what happened this past month. New investors see BBICoin at .02 with no clue if that's high or low or normal or a dip or a pump...nothing. (TRON) They do know that Bitcoin was 15K though, so what's stopping BBICoin from also being 15K?!
Hopefully this crash will do away with those coins and let the legitimately good projects shine through. I'm hoping we start to see a big gap between the top 20 and 21-100.
Your last two sentences is spot on. Apologies for misunderstanding your OP
No worries. It's a complicated subject and I wasn't necessarily being very clear.
seriously I find it extremely fascinating how cyrpto traders have created this construct with rules and logic that they absolutely believe
without acknowledging the fact that crypto coins have no intrinsic value and tomorrow the whole bubble could come crashing down
HODL hard my friend. What a great buying opportunity right now.. It's going to be a good year!
yes $NVDA
Quote:
Everything booming!!!
HODL hard my friend. What a great buying opportunity right now.. It's going to be a good year!
I wish I had some extra fiat to throw in the last two days. It's nice to see that I am only $2,000 in the red now. What a freaking bloodbath, but you gotta be patient.
I have been following this since it was mentioned a few weeks ago. If I getting this right, you get 740 CPY for one ETH. That comes to about $1.47 per CPY. Isn't that a little high for the public-sale?
the red definitely looks better
Lots of good deals on pre-builts at the moment.
Check this out Filthy. Also check out the subreddit of the same name. Lots of videos.
https://skyblivion.com/
Anyway, my portfolio is still in the red, but at least it has stabilized. It's not really in the red because from all my gains from XRP.
What new coins are you dumping in?
Seems to drop and drop...
Seems to drop and drop...
What's your timeframe? Short-term things look bleak. Support broken, tether concerns, etc.
Quote:
Invested $1K last month, down to $600 now, should I cut losees and sell?
Seems to drop and drop...
What's your timeframe? Short-term things look bleak. Support broken, tether concerns, etc.
Is it going to keep sinking?
What happened?
Quote:
In comment 13821775 Rover said:
Quote:
Invested $1K last month, down to $600 now, should I cut losees and sell?
Seems to drop and drop...
What's your timeframe? Short-term things look bleak. Support broken, tether concerns, etc.
Is it going to keep sinking?
What happened?
Is losing $1000 really going to make a huge difference in your life if BTC goes to 0 (not a chance of that happening)? If so, then you probably shouldn't have invested it at all. If not, then don't sell at the bottom.
Quote:
In comment 13821775 Rover said:
Quote:
Invested $1K last month, down to $600 now, should I cut losees and sell?
Seems to drop and drop...
What's your timeframe? Short-term things look bleak. Support broken, tether concerns, etc.
Is it going to keep sinking?
What happened?
Just recently:
-Facebook banned crypto ads
-Bitfinex and Tether are under investigation
-China started blocking overseas crypto trading sites
-India is taking some sort of action against crypto
-SEC has cancelled several ICOs
-Banks are banning the purchase of crypto with credit cards
Seems to drop and drop...
No, never sell at a loss. Especially not that little. It's down 40% what's another 10% before it bounces.
BUT with that being said, I hope this was money you were prepared to let sit for a while. It's an investment/risk, not a quick and easy way to make a few bucks.
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Invested $1K last month, down to $600 now, should I cut losees and sell?
Seems to drop and drop...
No, never sell at a loss. Especially not that little. It's down 40% what's another 10% before it bounces.
BUT with that being said, I hope this was money you were prepared to let sit for a while. It's an investment/risk, not a quick and easy way to make a few bucks.
So it will bounce back, eventually?
This isn't going to crash and burn?
That's my main concern.
Quote:
In comment 13821775 Rover said:
Quote:
Invested $1K last month, down to $600 now, should I cut losees and sell?
Seems to drop and drop...
No, never sell at a loss. Especially not that little. It's down 40% what's another 10% before it bounces.
BUT with that being said, I hope this was money you were prepared to let sit for a while. It's an investment/risk, not a quick and easy way to make a few bucks.
So it will bounce back, eventually?
This isn't going to crash and burn?
That's my main concern.
Nobody knows, I’m not here to give financial advice
Well it's true, but again that's just my tactic I shouldn't have given it out as "advice" nor was it intended to be.
Through the years, technological innovations have improved our markets, including
through increased competition, lower barriers to entry and decreased costs for market
participants. Distributed ledger and other emerging technologies have the potential to further
influence and improve the capital markets and the financial services industry. Businesses,
especially smaller businesses without efficient access to traditional capital markets, can be aided
by financial technology in raising capital to establish and finance their operations, thereby
allowing them to be more competitive both domestically and globally. And these technological
innovations can provide investors with new opportunities to offer support and capital to novel
concepts and ideas.
History, both in the United States and abroad, has proven time and again that these
opportunities flourish best when pursued in harmony with our federal securities laws. These
laws reflect our tripartite mission to protect investors, maintain fair, orderly and efficient markets
and facilitate capital formation. Being faithful to each part of our mission not in isolation, but
collectively, has served us well. Said simply, we should embrace the pursuit of technological
advancement, as well as new and innovative techniques for capital raising, but not at the expense
of the principles undermining our well-founded and proven approach to protecting investors and
markets.
Thank you for the opportunity to testify before you today and for your support of the
Commission and its workforce. I stand ready to work with Congress on these issues and look
forward to answering your questions. "
Testimony on “Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission” - ( New Window )
Bitcoin for newbies - ( New Window )
and yet every time a country cracks down on (the unregulated ) crypto marketplaces it causes cryptos to plummet ..
so don't you think that maybe the whole premise that crpyto is next generation of money is incorrect ?
and yet every time a country cracks down on (the unregulated ) crypto marketplaces it causes cryptos to plummet ..
so don't you think that maybe the whole premise that crpyto is next generation of money is incorrect ?
No.
I'd explain, but you literally come into these threads and throw around all of the media manufactured sayings about bubbles and (my favorite one) "no intrinsic value"
If you want to know what the appeal is, then do some research. The very reason this market is so fucked up right now is because people didn't know what they were throwing money into in December but did it anyway.