to buy ripple when it was just .22. Now it is over $3.00 in less than a month. Apparently, Binance has crashed because I am having a hard time logging in right now?
The best coin to get right now is Gifto (GTO). It is set to explode.
to buy ripple when it was just .22. Now it is over $3.00 in less than a month. Apparently, Binance has crashed because I am having a hard time logging in right now?
The best coin to get right now is Gifto (GTO). It is set to explode.
Also, wait for a correction and then buy more ripple. It is set to hit coinbase in a couple of weeks and when that happens, it is going to explode
I’m just looking to start getting into these and not committed to one currency yet. Should I just sign up for a few of these exchanges and figure out which ones after the fact?
I’m just looking to start getting into these and not committed to one currency yet. Should I just sign up for a few of these exchanges and figure out which ones after the fact?
Yes because they take a while to verify, some aren't even taking new accounts (Bittrex).
I’m just looking to start getting into these and not committed to one currency yet. Should I just sign up for a few of these exchanges and figure out which ones after the fact?
I think NFT's kind of drift away after a few days of inactivity..
Anyway, if you're not committed to one coin, I would suggest an exchange with a lot of different options and a lot of different purchasing ratio's. Binance fits that bill nicely.
FYI, I know a lot of people were talking about verification on Binance.. I'm not verified and was easily able to withdraw 2 BTC yesterday. Once you verify, that limit goes to 10 BTC, but you can certainly get on and buy/sell/trade without verification (unless they changed the policy after i signed up and I'm grandfathered in? I doubt that though)
Day trading half of my Ripple at .00016000 btc and sold at that price. Left it over night to buy back at .00015000 and it exploded during the night. I am still waiting for the correction, but I am down $500 now. See kids, HODL.
Day trading half of my Ripple at .00016000 btc and sold at that price. Left it over night to buy back at .00015000 and it exploded during the night. I am still waiting for the correction, but I am down $500 now. See kids, HODL.
You learned your lesson though, just as I did trying to trade 10 LTC last month.
Then find your way into ICOs or presales. The name of the game is to buy coins when they are the cheapest and hold until you get a multiple of your investment. Here are the ones you should try to get via ICO/presale or buy when it hits exchanges: zil, poa, wan, nucypher, ontology, nex, mobilecoin, and thekey. You should also understand the difference between dapps and infrastructure projects (ie, new blockchains and protocols).
You're goal is to hit 10x-50x multiples on a few projects. Making 1-2x is ok but not where the money is.
Great weekend for a couple of coins I've mentioned on here and for the market in general.
BTW, Binance is by far the best exchange.
Buy BTC/ETH/LTC on GDAX with a limit buy (no fees), send to Binance, buy other coins.
Hmmm... so, assuming I've already bought a few LTC using Coinbase, how do I then send them to Binance?
On binance, go to funds, then deposit/withdrawal and find LTC. Click deposit, and it’ll give you a public address. Copy that address. Then, on Coinbase, go to your LTC wallet and click the plane in the top right. Put the amount you want to send (there will be a slight fee). Click next and input the address. Click send and it should transfer relatively quick.
I’m sure there are many YouTube walkthroughs too. Sounds complicated but it’s really not.
Then find your way into ICOs or presales. The name of the game is to buy coins when they are the cheapest and hold until you get a multiple of your investment. Here are the ones you should try to get via ICO/presale or buy when it hits exchanges: zil, poa, wan, nucypher, ontology, nex, mobilecoin, and thekey. You should also understand the difference between dapps and infrastructure projects (ie, new blockchains and protocols).
You're goal is to hit 10x-50x multiples on a few projects. Making 1-2x is ok but not where the money is.
Great weekend for a couple of coins I've mentioned on here and for the market in general.
BTW, Binance is by far the best exchange.
Buy BTC/ETH/LTC on GDAX with a limit buy (no fees), send to Binance, buy other coins.
Hmmm... so, assuming I've already bought a few LTC using Coinbase, how do I then send them to Binance?
On binance, go to funds, then deposit/withdrawal and find LTC. Click deposit, and it’ll give you a public address. Copy that address. Then, on Coinbase, go to your LTC wallet and click the plane in the top right. Put the amount you want to send (there will be a slight fee). Click next and input the address. Click send and it should transfer relatively quick.
I’m sure there are many YouTube walkthroughs too. Sounds complicated but it’s really not.
Im trying to transfer my BTC from Gdax to Binance. On Binance when i try to deposit, it doesnt give me an address to send it to. Its just blank.
IMO, you guys are a little late but still relatively early. Risk more than a few dollars because this is an opportunity of a lifetime. Do your research, invest in icos, and invest heavily and try to de-risk sometime later this year.
The key is to get in and get out while maximizing profits. Don't play the long game. And don't be afraid to take risks.
in other words, don't buy into projects that have huge market caps. They has less room to run. How much more can xrp go? 2x from here? And that is being optimistic. You can get 2x easily from any ico these days.
I can't help but feel like many of these will end badly. I've dabbled, but a lot of this is too good to be true.
Eh, I'm risking $50. Not my life savings.
Yeah I get that, just talking in general for larger sums of money. I also saw something where bitcoin transfers that are below something like $500 may be ignored until the dust settles. It’s the small transactions that I think is bogging everything down.
Agree with a lot of what you said. Especially on XRP.
The growth the market has gone through is remarkable and unheard of. But that doesn’t mean it’s a bad thing. You said it best, once in a lifetime opportunity. I’m heavily committed to my few favorite coins, but at this point it’s still very early for some of these ICO’s
Already to get into icos? If you don't have any coins right now what should we be doing as the starting point, if I want to dump $1,000 into this, where do I start, I'm assuming I can't buy an icon with $1,000 cash right?
On here actually successfully sold a large amount of coins back into USD. Meaning you $1,000 in bitcoin and you made $50k and actually sold $50k and have had it transfer to your bank account?
On here actually successfully sold a large amount of coins back into USD. Meaning you $1,000 in bitcoin and you made $50k and actually sold $50k and have had it transfer to your bank account?
open up gemini exchange acct, wire in $1k (or even better, as much as you can), buy btc/eth, join icobuyer slack, learn as much as you can, buy into good icos, and make bank.
remember, market cap is the most important thing here not the price of the coin.
Told me you can only sell like $500 worth of bitcoin a day or up to $5,000 a day if your willing to give all your tax information. These people that are apparently with millions from bitcoin, can they actually sell that and get cash
I can't help but feel like many of these will end badly. I've dabbled, but a lot of this is too good to be true.
Just have to be smart, don’t let your emotions get the best of you, study projects, learn charts, study the market, get a good network of experts, etc. I’m up a good 40% since I started this not too long ago, an easy way to make BANK in my opinion. Already cashed out my initial investment, playing with house money now...
last bit of advice, find a slack channel that you can help you with information. Up to date information is key. Try to get into icobuyer.slack.com
my name is n00b
THIS times 100. I found an amazing group with a guy that’s made millions on this. He started the channel for free, now it’s a paid group and he shares all his entries, exits, strategies, etc. This combined with my own research and my portfolio is growing exponentially.
Found to be the most informative/reliable sources of reading material on up-and-coming altcoins?
Seems like there is so much out there to read, hard to tell what is total shit and what is worthwhile.
Where do I best spend my time?
I’ve found that Reddit is a good starting point for getting to know the names of certain coins, but once you are interested in the idea or niche of a certain coin, independent research is key. Personally, I look for strong teams that back strong ideas. Each serious ICO or coin should have a white paper which outlines the goals, roadmap and details of the coin, it’s wallets, and any other important things you should know before investing.
For example, a few weeks ago I was talking on the other thread about Quantstamp. I’ve always worried about blockchain security in terms of hidden bugs found in code which could cause a shutdown of a network that houses them. Naturally, when I found out about Quantstamp, which is an audit protocol of the code prior to being able to trade it publicly, I was very interested. It turned out the team was full of previously successful and really smart people. So, I invested. It was .18 a couple of weeks ago, now around .50.
Security, infrastructure, digital storage. I tend to stick to coins in those industries.
(your coinbase login will work for both). Also use Eth for moving to different exchanges. Saves tons on fees and way faster compared to bitcoin.
Binance is good, withdrawal fees can be high on some, but they tend to have some smaller caps.
Bittrex I've had good luck with.
Gemini took literally over 5 months to verify me last year. Ridiculous.
Those who want to jump on the recent Ripple explosion should read into it a bit first. Way too centralized for me. I'm liking stellar lumens instead. Need to read more personally.
RaiBlocks. Do it. Feeless transactions and can support tons. (like 7k/sec) On a shit exchange right now (bitgrail) , but it's worked fine for me. About to rebrand and get listed on Binance.
Request network is another worth looking into.
Lots of shitcoins out there. Do research. Be careful. Keep shit in your wallet, not an exchange.
Link is down. Could you repost? I would love to network with some of you who have knowledge in this. I have an acquaintance who has made a lot of money in crypto and a friend who would have but sold sometime in 2016. Another friend's father would have been a millionaire too.
You’ll see some exchanges will let you use others but get your feet wet with those, cheaper and faster than BTC. And when transferring to an exchange ALWAYS double check you are sending the right coin to a compatible address. Start with a small amount and test it to make sure it goes through OK. Binance and Bittrex are two solid exchanges. When you’re ready to branch out and buy coins that are new or maybe limited you’ll need to join Kucoin, Cryptopia, etc.
thanks for all the interesting discussion. I am going Â
to screenshot most of this and reference this in the future. I am kind of knew, but made a huge mistake last night.
Unfortunately, I bought a new phone tonight and Google Authenticator did not fully copy over. So my Binance 2-step verification is gone. I sent them an email, but I heard it can be weeks before they respond, so i have all this money and I can't do anything with it. Luckily, Bittrex is smart and gives you a secret key, just in case things like this happen.
So I bought some bitcoin in coinbase and transferred over to Kraken to buy ripple or stellar. I keep getting an insufficent funds message although it looks like I have more than enough to purchase. Any thoughts?
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
I found an amazing group with a guy that’s made millions on this. He Â
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
Ugh, XRB. On Thanksgiving weekend, I was going to buy 1K at .20. I decided to just use that money for Christmas gifts. Been sick for a few weeks over that decision. Would have been worth 150K a month later.
Once it hits binance I think whales take some profit, though. It has very low volume on its current exchanges
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
Ugh, XRB. On Thanksgiving weekend, I was going to buy 1K at .20. I decided to just use that money for Christmas gifts. Been sick for a few weeks over that decision. Would have been worth 150K a month later.
Once it hits binance I think whales take some profit, though. It has very low volume on its current exchanges
Well you're not the only one, I held out a long time because BitGrail blows and I didn't want to join another exchange. UGH oh well, learn from our mistakes.
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
This might be the most important thing in this thread for all you people chasing xrp. All the crap you read about Bank involvement is in regards to ripple technology. There is no need for banks to use xrp. This is why you research and not chase gains.
RE: I found an amazing group with a guy that’s made millions on this. He Â
The Slack group is called Appolo Group/Moon Missions. His twitter handle is @CryptoM1KE. You can start in the free group with general chat and then join the private channels if you want for only $50 a month. Let me know if you join, I'll give him a heads up. Here's the link - ( New Window )
$500 to play around with, this thread was a big help. Still am a bit clueless, my transaction from Coinbase to Binance is taking forever it seems
what coin did you send? Is it showing as pending? It shouldn't take that long.
Sent BTC which I learned after is not the best one to send over. It does show pending
Ah yeah that's why, I learned that lesson quick too. And Binance has been down for maintenance so it's probably taking extra long. Next time use GDAX to send ETH or LTC.
I think it's bad form to advise noobs to chase your favorite pump Â
and dump coins that have very poor value propositions upon closer examination. Some of you guys may be "good" at getting out at the right time, but a lot of people get left holding heavy bags of shit coins when the pump is over.
And lets not pretend like we couldn't just throw a dart and any coin from early December and not have at least doubled our money now if you didn't pick an outright scam. There's a lot more attention now to crypto and virtually every coin under a buck is being bought up in hopes of selecting the next big pump.
It is sketchy. Most people will fail at it. Unless you invest serious time on this stuff it’s probably best to stick the main players and suck up making less margin.
They are essentially penny stocks.
RE: I think it's bad form to advise noobs to chase your favorite pump Â
and dump coins that have very poor value propositions upon closer examination. Some of you guys may be "good" at getting out at the right time, but a lot of people get left holding heavy bags of shit coins when the pump is over.
And lets not pretend like we couldn't just throw a dart and any coin from early December and not have at least doubled our money now if you didn't pick an outright scam. There's a lot more attention now to crypto and virtually every coin under a buck is being bought up in hopes of selecting the next big pump.
Who here has done that? Everyone has reiterated to do your own research and NOT chase pumps like XRP.
It is sketchy. Most people will fail at it. Unless you invest serious time on this stuff it’s probably best to stick the main players and suck up making less margin.
They are essentially penny stocks.
It’s worth the research, yes it’s a risk but if you’re confident in the project you have the chance to make a ton more money than buying established coins.
but it’s really no different from penny stocks. I get the appeal but most people than aren’t careful will lose money. It’s just a fact of how these things work.
but it’s really no different from penny stocks. I get the appeal but most people than aren’t careful will lose money. It’s just a fact of how these things work.
Yeah true. Just have to be smart about it. Almost every new ICO always pumps when first listed if you want a quick buck. But I only buy and hold good projects long term, usually selling gains and reinvesting.
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
Ugh, XRB. On Thanksgiving weekend, I was going to buy 1K at .20. I decided to just use that money for Christmas gifts. Been sick for a few weeks over that decision. Would have been worth 150K a month later.
Once it hits binance I think whales take some profit, though. It has very low volume on its current exchanges
Well you're not the only one, I held out a long time because BitGrail blows and I didn't want to join another exchange. UGH oh well, learn from our mistakes.
Yep, that was my thought process. Didn't want to deal with another exchange. Sucks. Live and learn!
Thank you all for a very informative discussion and links. I've been reading various things since yesterday (mostly reddit) to get a better understanding.
Question is about FOMO of XRP. I understand from reading about it and comments on this board that it's a crappy coin with others being better buys. The owner has roughly 20% of it.
However, I've also read several opinions that due to FOMO of XRP it will still take off after it's added to coinbase fairly soon. I've seen potential prices in the $15-30 range. I get that it's probably just wishful thinking. But please explain why if XRP is added to coinbase and average person (i.e. unknowing coinbase buyer) has accessibility, will it not get a high boost? Or do you believe that due to its marketcap, the high demand will be met by the number of high selloffs?
I see bitcoin like betting on a game.
My strategy is to:
1) Monitor, when it drops below 12,000, purchase 1,000 or so, then sell when it gets to 15,000.
-To me, it seems a lot of people are doing this. I do NOT see a market crash coming. I see a lot of people simply waiting for it to drop, then buying, which is why in the last 2 weeks it has been pretty stable between 12-15,000.
Agree?
Good strategy?
2) I have been monitoring only bitcoin and just through coinbase. Should I be using other sites or monitoring other currancies, or for my amateur purposes is this ok?
Thank you all for a very informative discussion and links. I've been reading various things since yesterday (mostly reddit) to get a better understanding.
Question is about FOMO of XRP. I understand from reading about it and comments on this board that it's a crappy coin with others being better buys. The owner has roughly 20% of it.
However, I've also read several opinions that due to FOMO of XRP it will still take off after it's added to coinbase fairly soon. I've seen potential prices in the $15-30 range. I get that it's probably just wishful thinking. But please explain why if XRP is added to coinbase and average person (i.e. unknowing coinbase buyer) has accessibility, will it not get a high boost? Or do you believe that due to its marketcap, the high demand will be met by the number of high selloffs?
Thank you all. This is very interesting stuff
Honestly it probably will be in the short term. But for the reasons widmerseyebrow listed above, it could screw a lot of people.
That high of a price, we'd be looking at a huge market cap for a coin with no true adopted purpose.
know anything about TRX (Tron), a buddy of mine got in when it was at .04 and its at .19 today
Yup, great project with still a ton of room to grow. A huge partnership announcement next week and a new exchange at the end of the month. Been in since .07
Thank you all for a very informative discussion and links. I've been reading various things since yesterday (mostly reddit) to get a better understanding.
Question is about FOMO of XRP. I understand from reading about it and comments on this board that it's a crappy coin with others being better buys. The owner has roughly 20% of it.
However, I've also read several opinions that due to FOMO of XRP it will still take off after it's added to coinbase fairly soon. I've seen potential prices in the $15-30 range. I get that it's probably just wishful thinking. But please explain why if XRP is added to coinbase and average person (i.e. unknowing coinbase buyer) has accessibility, will it not get a high boost? Or do you believe that due to its marketcap, the high demand will be met by the number of high selloffs?
Thank you all. This is very interesting stuff
Let me break this down numerically.
Currently, XRP has a market cap that is MORE THAN HALF of Bitcoin. That is NOT sustainable at the current price and will definitely not be sustainable if it goes higher.
A $30 XRP which over 38 Billion coins in circulation (not really because Ripple holds the majority, but for arguments sake..) means Ripple would have a $1.1 Trillion market cap, which would currently be about 5 times to market cap of Bitcoin, which currently holds over 30% of the entire crypto market cap.
A $1.1 Trillion market cap would also nearly double the market cap of every other single coin combined, at current levels.
There are simply too many coins in circulation for XRP to reach that price, in my opinion. Also, XRP is not Ripple. Ripple is the centralized company that controls XRP, XRP is the coin.
I have minor exposure to a few altcoins on Binance Â
Stellar, Tron, Cardano and Ripple - my question is where are you guys storing all your altcoins?
Is leaving them in binance extremely risky? I hate having to wait days to move these things around if I want to trade from one to another.
As for the ICO posters - for those of us that find it too complicated to get in on the ICOs themselves, do you think we can still profit by buying them when they get onto an exchange like binance? Or is it too late by then?
Thanks for all the advice on this thread - great stuff.
Stellar, Tron, Cardano and Ripple - my question is where are you guys storing all your altcoins?
Is leaving them in binance extremely risky? I hate having to wait days to move these things around if I want to trade from one to another.
As for the ICO posters - for those of us that find it too complicated to get in on the ICOs themselves, do you think we can still profit by buying them when they get onto an exchange like binance? Or is it too late by then?
Thanks for all the advice on this thread - great stuff.
Not sure if there's a hardware wallet that is compatible with TRON, Cardano or Stellar yet but if they become popular enough, the Ledger Nano S hardware wallet will most likely support them eventually. It currently supports XRP, though.
I've held a few BTC worth of coins on Binance for long periods of time. As long as you have 2FA and all possible security features Binance offers enabled, I wouldn't call it extremely risky.
As for ICO's, I don't think it's too late once they reach exchanges. However, the tide seems to be turning quickly on that point as alts become more and more popular and people try to make a million off of $100. That trend could easily reverse though, and I think it will. Daddy Bitcoin is still king.
RE: I have minor exposure to a few altcoins on Binance Â
Stellar, Tron, Cardano and Ripple - my question is where are you guys storing all your altcoins?
Is leaving them in binance extremely risky? I hate having to wait days to move these things around if I want to trade from one to another.
As for the ICO posters - for those of us that find it too complicated to get in on the ICOs themselves, do you think we can still profit by buying them when they get onto an exchange like binance? Or is it too late by then?
Thanks for all the advice on this thread - great stuff.
I mean keeping them anywhere other than in cold storage is "risky" but as long as you have 2FA enable on an established exchange you should be fine. I keep them there mostly because I trade a lot throughout the day but in time I will consolidate and move them offline.
They have a vested interest in growing the value of XRP and they are going after a market that is in the trillions. Bitcoin's 250bn "market cap" is not all that relevant when trying to project who's going to be standing 5 years from now.
To clear up the confusion regarding XRP the token and the Ripple network:
Yes, FIs can use the Ripple network without using XRP and still enjoy a cost savings over using SWIFT. However, they enjoy more savings switching over to XRP. It's like if FIs are using horse and cart right now and Ripple the company is offering to let them pilot test railroad tracks. The FIs are free to use the tracks with rail carts, but Ripple has a locomotive (XRP) when they are ready. If one competitor opts for the locomotive, how long do you think it will be until others adopt?
If you don't believe me, feel free to look up the growing list of major FIs.
The Coinbase rumors are all fine and dandy, but their lead developer let slip that the Q4 report will announce two partnerships with major household names.
I put $9,700 into Bitcoin and Litecoin and then sold small pieces over a few weeks to get my $9,700 back. Plus $3100 profit which I used to buy 2 shares of Amazon and a nice new bike!
Still holding 15 Litecoin and .85 Bitcoin.
So I opened a Binance account today and I'm waiting for a transfer of .25 Bitcoin from Coinbase to Binance to complete.
Then I'll buy Ripple.
I agree when Coinbase supports Ripple, then Ripple will explode.
So I am very conservative, this is not an investment, it's play money, and I've got all my play money back in my pocket.
Post again if the transaction hasn’t gone through in a few hours and we’ll check the blockchain
When you transfer currency out of GDAX, it leaves your GDAX account and goes into an intermediate Coinbase account in your same name. From there, it goes out to the address you sent it to.
If you’re having trouble locating the status, log into Coinbase using your GDAX credentials (or you can get there through the account settings menu on GDAX). If you go to the “Accounts” tan within Coinbase and choose the wallet for whichever currency you attempted to send, you should be able to see the status of the transfer.
Take a look at some like Hoqu, Dadi and a current favorite CAPP... it’s an ecosystem of AR/VR/3D content. Website is lots of fun too lol Cappasity - ( New Window )
Another day goes by and my money stuck on Binance. Â
If I wanted to invest in an ICO then how is that done?
Every ICO is different with different procedures, dates, bonuses etc. but you go directly through the project itself and generally purchase tokens on their website with a new wallet you've created and transfer from your own wallet like MyEtherWallet (not from an exchange). Great article below
If I wanted to invest in an ICO then how is that done?
Every ICO is different with different procedures, dates, bonuses etc. but you go directly through the project itself and generally purchase tokens on their website with a new wallet you've created and transfer from your own wallet like MyEtherWallet (not from an exchange). Great article below
Help investing in an ICO - ( New Window )
I bought it when I was first starting out, maybe made $80 off of it and then sold it. Seems like it has tanked, because they "marred by delays and bugs." Is it something to look at again?
very intereting topic to read up on throughout the various forums. I had the other one bookmarked but can't find it.
I just setup my account on CoinBase last night, and I planned on picking up some Ethereum this weekend. I was going to use that as a medium to exchange for other currencies like XRP. I downloaded the Binance app as suggested on here, but all new registrations seem to be on hold, when I get to the verification process.
What would be the best way to go from Ethereum to XRP? I was on Changelly as well and XRP doesn't pop up in the dropdown for conversion.
I bought it when I was first starting out, maybe made $80 off of it and then sold it. Seems like it has tanked, because they "marred by delays and bugs." Is it something to look at again?
At best it's amateur hour all the time from the developer to the "official" marketing team. At worst it's a complete scam: superficial updates and a product that doesn't actually do what they claim. Google XVGWhale and the New Year Eve deadline fiasco.
In comment 13773238 ManningLobsItBurressAlone said:
Quote:
very intereting topic to read up on throughout the various forums. I had the other one bookmarked but can't find it.
I just setup my account on CoinBase last night, and I planned on picking up some Ethereum this weekend. I was going to use that as a medium to exchange for other currencies like XRP. I downloaded the Binance app as suggested on here, but all new registrations seem to be on hold, when I get to the verification process.
What would be the best way to go from Ethereum to XRP? I was on Changelly as well and XRP doesn't pop up in the dropdown for conversion.
XRP is up and down on Changelly. Shapeshift.io has it as well but I think the rates are slightly better on Changelly.
In comment 13773238 ManningLobsItBurressAlone said:
Quote:
very intereting topic to read up on throughout the various forums. I had the other one bookmarked but can't find it.
I just setup my account on CoinBase last night, and I planned on picking up some Ethereum this weekend. I was going to use that as a medium to exchange for other currencies like XRP. I downloaded the Binance app as suggested on here, but all new registrations seem to be on hold, when I get to the verification process.
What would be the best way to go from Ethereum to XRP? I was on Changelly as well and XRP doesn't pop up in the dropdown for conversion.
XRP is up and down on Changelly. Shapeshift.io has it as well but I think the rates are slightly better on Changelly.
I'm created accounts on GDAX and Binance and waiting for funds to hit. Been doing a lot of reading. Thanks to this group for all the info.
I've read about a lot of coins that are very much liked but aren't available on Binance yet. Are there other reputable exchanges where the coins may hit sooner?
RE: Are any of you using anything besides Binance? Â
I'm created accounts on GDAX and Binance and waiting for funds to hit. Been doing a lot of reading. Thanks to this group for all the info.
I've read about a lot of coins that are very much liked but aren't available on Binance yet. Are there other reputable exchanges where the coins may hit sooner?
I also use Bittrex, but their fees can suck.
RE: Are any of you using anything besides Binance? Â
I'm created accounts on GDAX and Binance and waiting for funds to hit. Been doing a lot of reading. Thanks to this group for all the info.
I've read about a lot of coins that are very much liked but aren't available on Binance yet. Are there other reputable exchanges where the coins may hit sooner?
Normally its a crapshoot in terms of which coin is added on what exchange, but binance has a good number of lesser known coins currently and continues to add. Bittrex as well but they've been having problems and aren't taking new accounts.
And what are the best wallets to use? In the other discussion someone was talking about and not a mobile wallet what are peoples thoughts on that? Sneezing something like myetherwallet.com good enough?
And what are the best wallets to use? In the other discussion someone was talking about and not a mobile wallet what are peoples thoughts on that? Sneezing something like myetherwallet.com good enough?
Kucoin is a joke exchange with gems like DRGN and DBC, just added. rN too. And they have their own coin KCS you get profit shares of.
Right I saw some guy make $$$$ on dbc the other day Â
Bitcoin testing 17K continuously but unable to break through. The bears won that battle so the bulls have moved to LTC where they have been very successful in the last 12 hours.
I used Kucoin to buy some RaiBlocks (XRB). I wanted to pick up XRB before Binance begins carrying it. I think it will pop a bit when it hits Binance. I bought at $30. A very small amount, just 22.
I wanted to buy Ripple so I opened a Binance account. I bought some, gambling that Coinbase will carry it soon. If that happens, it will pop when it hits Coinbase.
I decided to play a bit with "shitcoins" on Binance. So I bought small amounts of Tron (TRX) and Gifto (GTO). I think TRX was a poor decision but I think GTO should work out okay.
I also bought some Stellar (XLM) and I think that will work out well too.
All of this buying was done with Bitcoin profits. I used $9700 to "seed" some Bitcoin and Litecoin holdings. I sold enough of both to get my $9700 back plus $3100. I bought 2 shares of Amazon and a nice bicycle with the $3100.
Now all my crypto holdings:
BTC
LTC
XRP
XLM
XRB
GTO
TRX
are gravy and there's no anxiety for me.
Use Reddit r/cryptocurrency to learn more. There's some good stuff there.
I may put some more of my cash into BTC on the next dip, but I have to think about that. But I managed that $9700 really well, and perhaps I can do that again.
in their basement. They had to install a new electrical panel to handle all of the power needed to keep these things running 24/7.
If this bitcoin thing keeps rolling, they are going to do very well with these things. Now, they are looking to buy 100 more mines and move them to a small warehouse.....crazy
in their basement. They had to install a new electrical panel to handle all of the power needed to keep these things running 24/7.
If this bitcoin thing keeps rolling, they are going to do very well with these things. Now, they are looking to buy 100 more mines and move them to a small warehouse.....crazy
I'd love to see the numbers on this project--hardware, electric costs, etc.
I think we're seeing the last few days of this massive alt pump. That being said, on a tip, I sold a few LTC and NEO to get into Vechain (VEN). It currently has a very low market cap for the announcements that the team has made. It dipped this morning..might be a good entry point!
Pretty ugly day, but I really need to lock my mind in on the weekend pumps. It's pretty reliable, there's going to be a weekend pump and a Monday dump.
I need to stop buying Thursday through Sunday!
And I just told my nephew he might want to look into buying crypto. His mother will kill me.
Pretty ugly day, but I really need to lock my mind in on the weekend pumps. It's pretty reliable, there's going to be a weekend pump and a Monday dump.
I need to stop buying Thursday through Sunday!
And I just told my nephew he might want to look into buying crypto. His mother will kill me.
This would reliably happen every weekend last summer. Either a weekend pump or weekend dump, followed by the opposite action on the following Monday.
It tapered off as we entered October/November, but I would love to get back to that kind of market.
Hard to get upset over a red wave in this sea of green..
Pretty ugly day, but I really need to lock my mind in on the weekend pumps. It's pretty reliable, there's going to be a weekend pump and a Monday dump.
I need to stop buying Thursday through Sunday!
And I just told my nephew he might want to look into buying crypto. His mother will kill me.
This would reliably happen every weekend last summer. Either a weekend pump or weekend dump, followed by the opposite action on the following Monday.
It tapered off as we entered October/November, but I would love to get back to that kind of market.
Hard to get upset over a red wave in this sea of green..
Very true, I've had steady gains almost every day this year until today. And it's already starting to rebound.
I own a few litecoins and it's been really boring after some initial Â
My guess is that there will be a bubble bursting, very similar to the dot com collapse.
There were some great ideas in the dot com boom, like eBay. And a lot of crap too.
Crypto seems to be just like that. There ought to be a collapse, but there are some good ideas in crypto land, and there will be survivors. Anyway, that's the way I see it.
And I think the bubble burst is probably at least a year out. In the meantime, if I'm conservative and not greedy, I think I can make some good money and not get burnt when the collapse comes.
bubble, it's the manner of investing. A bubble is to be expected IMO when prices rise so sharply in any investment in such a short period of time - exacerbated when that item is new and people are speculating, we've seen it with real estate, dot-com stocks, and more just in my adult life time. but with those, they were hard assets backed by assets.
These are not.
from what I understand there is no FDIC for any BTC or crypto purchases, if your money is gone your money is gone. There is no one to pursue and no one to complain to/sue.
Invest what you can afford to lose (I like some of these plays, but man until I have cash in my bank account - which is semi-ironic - I won't feel comfortable with any of them - especially the currencies.)
like this 100 billion dollars that vanished today per WSJ:
Quote:
A Crypto Website Changes Its Data, and $100 Billion in Market Value Vanishes
Bitcoin, Ethereum and XRP fall sharply after Coinmarketcap.com removes data from some South Korean exchanges
By Paul Vigna
Jan. 8, 2018 3:25 p.m. ET
Prices for some of the most popular cryptocurrencies dropped sharply Monday. One apparent reason: an adjustment from a popular website on its digital-currency price quotes.
A website called coinmarketcap.com on Monday removed da....
bubble, it's the manner of investing. A bubble is to be expected IMO when prices rise so sharply in any investment in such a short period of time - exacerbated when that item is new and people are speculating, we've seen it with real estate, dot-com stocks, and more just in my adult life time. but with those, they were hard assets backed by assets.
These are not.
from what I understand there is no FDIC for any BTC or crypto purchases, if your money is gone your money is gone. There is no one to pursue and no one to complain to/sue.
Invest what you can afford to lose (I like some of these plays, but man until I have cash in my bank account - which is semi-ironic - I won't feel comfortable with any of them - especially the currencies.)
like this 100 billion dollars that vanished today per WSJ:
Quote:
A Crypto Website Changes Its Data, and $100 Billion in Market Value Vanishes
Bitcoin, Ethereum and XRP fall sharply after Coinmarketcap.com removes data from some South Korean exchanges
By Paul Vigna
Jan. 8, 2018 3:25 p.m. ET
Prices for some of the most popular cryptocurrencies dropped sharply Monday. One apparent reason: an adjustment from a popular website on its digital-currency price quotes.
A website called coinmarketcap.com on Monday removed da....
need a subscription to read the full article. Link - ( New Window )
Vanished? Not even close to true.
People panicked and sold because CoinMarketCap took off Korean exchanges when calculating the average price of coins from multiple exchanges, which is a good thing since Korea trades much higher than other countries, causing inaccuracies in price from CMC to exchange. For example, LTC is/was $410 in Korea.
Prices are already back where they were last night for the most part. And that’s an article behind a pay wall? LOL
in their basement. They had to install a new electrical panel to handle all of the power needed to keep these things running 24/7.
If this bitcoin thing keeps rolling, they are going to do very well with these things. Now, they are looking to buy 100 more mines and move them to a small warehouse.....crazy
I'd love to see the numbers on this project--hardware, electric costs, etc.
He was able to purchase the mines for $1k each. This was direct from China when you were able to buy them direct. Now from what I understand you would have to pay about $6k for them. He had an electrician install a new dedicated panel in his basement. My guess is this cost about $2500. He says it uses A LOT of power. Each one is 1400 watts 24/7 which is like a hair dryer. They are putting out so much heat with the fans that it is impacting the total temp in his basement. Up to 90 degrees. Right now, they are generating (after subtracting electrical costs) about $500 per day. So, after 34 days he is breaking even on the mine purchases. This does not include any additional dollars he gets for being inside of the network (solving algorithms), etc. I dont even understand all of that to be honest. The whole thing just makes me nervous.
So, he is not buying bitcoins. He is producing them.
it's all from the Wall Street Journal article. Also referenced on zerohedge. None of it was my own opinion which I did offer as only invest what you can afford to lose, none of these investments, to my knowledge are protected, even though I invest myself, I felt it appropriate to caution investors.
Here is some of the zero hedge article that references WSJ which I don't necessarily consider a reliable news source, but for financials I see them with no conflict:
Quote:
....More than $100 billion of the sector’s total market value was erased over the last 24 hours, according to the site. On Sunday, it stood at $835 billion. On Monday, it fell to as low as $683 billion, and lately was at $722 billion. And ironically, or perhaps patly, the catalyst behind these sharp price moves had nothing to do with actual, market-clearing, price....
it's all from the Wall Street Journal article. Also referenced on zerohedge. None of it was my own opinion which I did offer as only invest what you can afford to lose, none of these investments, to my knowledge are protected, even though I invest myself, I felt it appropriate to caution investors.
Here is some of the zero hedge article that references WSJ which I don't necessarily consider a reliable news source, but for financials I see them with no conflict:
Quote:
....More than $100 billion of the sector’s total market value was erased over the last 24 hours, according to the site. On Sunday, it stood at $835 billion. On Monday, it fell to as low as $683 billion, and lately was at $722 billion. And ironically, or perhaps patly, the catalyst behind these sharp price moves had nothing to do with actual, market-clearing, price....
Link - read or not - ( New Window )
Wasn’t attacking you, pj. Apologies if it came off that way.
I was attacking the article. To me, t’s only purpose is to spread doubt about the industry when they use words such as “vanish” and “erased” when referring to sells. Those words make it seem that the exchanges got hacked and people lost money without their knowledge.
Not sure if you’ve been following this thread but I ALWAYS tell people to do their own research and to be extremely cautious with leaving funds on the exchanges. Agree with everything you said regarding that.
As the end of the day, MSM gonna MSM though. Not surprising.
it's all from the Wall Street Journal article. Also referenced on zerohedge. None of it was my own opinion which I did offer as only invest what you can afford to lose, none of these investments, to my knowledge are protected, even though I invest myself, I felt it appropriate to caution investors.
Here is some of the zero hedge article that references WSJ which I don't necessarily consider a reliable news source, but for financials I see them with no conflict:
Quote:
....More than $100 billion of the sector’s total market value was erased over the last 24 hours, according to the site. On Sunday, it stood at $835 billion. On Monday, it fell to as low as $683 billion, and lately was at $722 billion. And ironically, or perhaps patly, the catalyst behind these sharp price moves had nothing to do with actual, market-clearing, price....
Link - read or not - ( New Window )
Wasn’t attacking you, pj. Apologies if it came off that way.
I was attacking the article. To me, t’s only purpose is to spread doubt about the industry when they use words such as “vanish” and “erased” when referring to sells. Those words make it seem that the exchanges got hacked and people lost money without their knowledge.
Not sure if you’ve been following this thread but I ALWAYS tell people to do their own research and to be extremely cautious with leaving funds on the exchanges. Agree with everything you said regarding that.
As the end of the day, MSM gonna MSM though. Not surprising.
Oh, I agree with that. Problem is the majority of the MSM charged with writing about investing doesn't understand the crypto currencies, block chain, or other details on the topic, probably a lot like the dot com boom and they had to write about the potential for the "Information super highway" and any company with an "e-" or "i-" before their name was going to explode.
but not many people could tell you why. It's similar, a lot of people got burned, a lot of people made money, but in the end there were smart people on both sides and luck played a big part in which side you wound up on - especially for the people who didn't understand the tech.
I was only a kid during dotcom so you would definitely know better than me when it comes to similarities between the two, but you are 100% spot on about those writing the articles about investing in crypto not having a clue about what they are writing
'So, he is not buying bitcoins. He is producing them.' Â
Yes, I understand it completely. I was curious of the #s because individuals abandoned mining bitcoins several years ago due to the cost. Ethereum is a popular coin for small miners now, they've driven up graphic card costs.
There are warehouses in China with near-free electricity doing the bulk of bitcoin mining right now, although that may be changing soon. Can't imagine being able to compete with them.
Just picked up VeChain (VEN) this week. Strong team, many announced partnerships and a rebrand coming up next week. A steal at around $4.50 in my opinion
Just picked up VeChain (VEN) this week. Strong team, many announced partnerships and a rebrand coming up next week. A steal at around $4.50 in my opinion
very cool. NEO and LEND look interesting to me. As does DBC
I know he's 87, but did you see Buffett on CNBC? Â
He said he didn't know when, but he thought crypto would end badly. Said no way in hell would he short cryptocurrencies but if there was a 5 year put option that could be bought he would buy it.
Just picked up VeChain (VEN) this week. Strong team, many announced partnerships and a rebrand coming up next week. A steal at around $4.50 in my opinion
VEN is in my top 3. As you can see today it exploded even with the market down. A $50 coin in the long run IMO.
Just picked up VeChain (VEN) this week. Strong team, many announced partnerships and a rebrand coming up next week. A steal at around $4.50 in my opinion
very cool. NEO and LEND look interesting to me. As does DBC
LEND is going to explode this year, $1 easy.
XRP is at the price it was a little over a week ago Â
I got in at $0.24. If you got in because of Coinbase rumors you were getting in for the wrong reasons. 2017 4Q report is going to be interesting re: partnerships.
I hope you guys are at least taking note of Tron Â
He said he didn't know when, but he thought crypto would end badly. Said no way in hell would he short cryptocurrencies but if there was a 5 year put option that could be bought he would buy it.
Not saying he's wrong in regards to 90-95% of them, but in the same interview he said he had zero understanding of crypto. Kind of an odd thing to admit when you're talking about certainty.
Just picked up VeChain (VEN) this week. Strong team, many announced partnerships and a rebrand coming up next week. A steal at around $4.50 in my opinion
VEN is in my top 3. As you can see today it exploded even with the market down. A $50 coin in the long run IMO.
I tend to think conservatively when it comes to price and even I think $50 is VERY conservative.
Especially with regulation rumors and Supreme Court rulings in favor of investors coming out of China, which was the world's biggest market before they banned exchanges last fall.
China is obsessed with the tech. Obsessed. The market will explode when they re-open trading.
Any individual coin? Hard to say. They only have value now because enough people agree they do. If they stop?
If that were true, and I'll use VeChain because it's most recent, then people like Jim Breyer, CEO of Breyer Capital, wouldn't be invested in it.
Follow the institutional money. Scroll down to Crypto - ( New Window )
This logic simply doesn't hold. Because institutional investors are diving into blockchain doesn't mean that any particular coin has an intrinsic value or that the transactional nature of the coins will be a moneymaker in the long run. They're speculating like all of us. And they're doing it the same way they did it in the tech bubble. By getting pre-ICO prices that aren't available to guys on BBI. They'll get in at prices we can't. Make money and when it all comes crashing down it will be mom and pops and maybe dudes on this thread that lose big.
Any individual coin? Hard to say. They only have value now because enough people agree they do. If they stop?
If that were true, and I'll use VeChain because it's most recent, then people like Jim Breyer, CEO of Breyer Capital, wouldn't be invested in it.
Follow the institutional money. Scroll down to Crypto - ( New Window )
This logic simply doesn't hold. Because institutional investors are diving into blockchain doesn't mean that any particular coin has an intrinsic value or that the transactional nature of the coins will be a moneymaker in the long run. They're speculating like all of us. And they're doing it the same way they did it in the tech bubble. By getting pre-ICO prices that aren't available to guys on BBI. They'll get in at prices we can't. Make money and when it all comes crashing down it will be mom and pops and maybe dudes on this thread that lose big.
Oh but we can invest in ICO's, VPNs are your friend. And if people here were smart enough they'd take out their initial investment as soon as possible and let the rest ride like I did.
Any individual coin? Hard to say. They only have value now because enough people agree they do. If they stop?
If that were true, and I'll use VeChain because it's most recent, then people like Jim Breyer, CEO of Breyer Capital, wouldn't be invested in it.
Follow the institutional money. Scroll down to Crypto - ( New Window )
This logic simply doesn't hold. Because institutional investors are diving into blockchain doesn't mean that any particular coin has an intrinsic value or that the transactional nature of the coins will be a moneymaker in the long run. They're speculating like all of us. And they're doing it the same way they did it in the tech bubble. By getting pre-ICO prices that aren't available to guys on BBI. They'll get in at prices we can't. Make money and when it all comes crashing down it will be mom and pops and maybe dudes on this thread that lose big.
Oh but we can invest in ICO's, VPNs are your friend. And if people here were smart enough they'd take out their initial investment as soon as possible and let the rest ride like I did.
Pre - ICOs. Like, when Facebook had their IPO and the price was 25 (I think?) lots of folks on the institutional side had already arranged deals at prices lower than 25 in exchange for earlier funding. So sure you can try and use your e-trade to get facebook on it's IPO day but the institutional guys are starting out with a profit that you can't match. This is exactly how the tech bubble worked. It's happening again. It'll pop at some point. Let's hope we all make some money before it does.
Any individual coin? Hard to say. They only have value now because enough people agree they do. If they stop?
If that were true, and I'll use VeChain because it's most recent, then people like Jim Breyer, CEO of Breyer Capital, wouldn't be invested in it.
Follow the institutional money. Scroll down to Crypto - ( New Window )
This logic simply doesn't hold. Because institutional investors are diving into blockchain doesn't mean that any particular coin has an intrinsic value or that the transactional nature of the coins will be a moneymaker in the long run. They're speculating like all of us. And they're doing it the same way they did it in the tech bubble. By getting pre-ICO prices that aren't available to guys on BBI. They'll get in at prices we can't. Make money and when it all comes crashing down it will be mom and pops and maybe dudes on this thread that lose big.
Oh but we can invest in ICO's, VPNs are your friend. And if people here were smart enough they'd take out their initial investment as soon as possible and let the rest ride like I did.
Pre - ICOs. Like, when Facebook had their IPO and the price was 25 (I think?) lots of folks on the institutional side had already arranged deals at prices lower than 25 in exchange for earlier funding. So sure you can try and use your e-trade to get facebook on it's IPO day but the institutional guys are starting out with a profit that you can't match. This is exactly how the tech bubble worked. It's happening again. It'll pop at some point. Let's hope we all make some money before it does.
Sorry, I misunderstood. Like I said, hopefully people are smart enough to take their initial investment out. Actually, smart enough to not even start with money they can't afford to lose. I don't see this thing going anywhere for at least a year.
After seeing what happened with that iced tea company adding 'Bitcoin' to their name, I guess it makes business sense. But it's funny to see this outdated companies in the new again. I feel like Blockbuster is going to start mining Ethereum tomorrow.
with Binance two weeks ago, I bought some of their own BNB as almost an afterthought, primarily to take advantage of the 50% discount towards transaction fees when you pay using BNB. It's since been the best performer in my portfolio.
Which coins do you like for the weekend bounce this week?
Hard to say. I hate telling people what to buy and it's been a roller coaster of a week chart-wise.
VEN is still a good option. Bouncing between 6 and 7 for a few days, but currently sub $6. (FYI I'm heavily invested and biased, but I do the most research on coins I own so take this suggestion with a grain of salt)
As for coins I do not own that I can be objective about, Icon (ICX) and Raiblocks (XRB) dipped quite a bit.. could be a nice entry. Again, I don't do as much research on coins I don't own, but I do my due diligence on mostly everything in the top 25.
Lots of red in my portfolio. Only Siacoin still up for me. Guys, any opinions on EthLend? It’s the second highest coins I have in my portfolio. I am getting slaughtered, down almost $400.
RE: RE: RE: RE: RE: RE: The technology has a role Â
Any individual coin? Hard to say. They only have value now because enough people agree they do. If they stop?
If that were true, and I'll use VeChain because it's most recent, then people like Jim Breyer, CEO of Breyer Capital, wouldn't be invested in it.
Follow the institutional money. Scroll down to Crypto - ( New Window )
This logic simply doesn't hold. Because institutional investors are diving into blockchain doesn't mean that any particular coin has an intrinsic value or that the transactional nature of the coins will be a moneymaker in the long run. They're speculating like all of us. And they're doing it the same way they did it in the tech bubble. By getting pre-ICO prices that aren't available to guys on BBI. They'll get in at prices we can't. Make money and when it all comes crashing down it will be mom and pops and maybe dudes on this thread that lose big.
Oh but we can invest in ICO's, VPNs are your friend. And if people here were smart enough they'd take out their initial investment as soon as possible and let the rest ride like I did.
Pre - ICOs. Like, when Facebook had their IPO and the price was 25 (I think?) lots of folks on the institutional side had already arranged deals at prices lower than 25 in exchange for earlier funding. So sure you can try and use your e-trade to get facebook on it's IPO day but the institutional guys are starting out with a profit that you can't match. This is exactly how the tech bubble worked. It's happening again. It'll pop at some point. Let's hope we all make some money before it does.
Sorry, I misunderstood. Like I said, hopefully people are smart enough to take their initial investment out. Actually, smart enough to not even start with money they can't afford to lose. I don't see this thing going anywhere for at least a year.
Agree, if you have money to speculate and want to entertain yourself then go at it. This is all about timing the fluctuations, very much luck.
as mark twain once said "history doesn't repeat itself but it often rhymes"
I played stock markets during the dot com bubble and it all seems very familiar --
it was normal for a dot.com stock to move 10-25% in a day - or if you got in an IPO a 100-500% move the day the stock went public. by early 1999 it was impossible to lose in the market if you played a dot.com stock .. but by 2000 most investors were wiped out .. I kept at trading stocks and learned how to be a trader .t
The irony is while Bitcoin and crypto currencies are exploding it is actually a great time to be trading the stock market. I can make more profits from trading weekly options of high beta stocks than any crypto currencies . I have tried to explain this to friends who are in love with crypto currencies but they won't listen
my favorite quote about investing
"Don't fall in love with an investment, no matter how sexy it is"
this is my favorite quote about bitcoin.
"Bitcoin has some of the attributes of a headless currency. Nevertheless, it has no intrinsic value ‒ not even as a collector's item because it is intangible. Nor is it a financial asset like a stock or bond because it has no returns. Its only investment value lies in the possibility of appreciation bestowed on it by those who hold it: it is an asset with no underlying."
I'm pretty disinterested in spending more time on it. If you weren't in early you are stuck waiting for your application to go through and be verified, or you can't submit anything at all. Its a shitshow.
RE: Good lord it takes a week to process a purchase? Â
January is historically one of the worst months of the year. Combined with the Korean FUD and an ultra bullish market lately, this isn't a huge surprise. Just hold tight, buy some sales!
Lots of red in my portfolio. Only Siacoin still up for me. Guys, any opinions on EthLend? It’s the second highest coins I have in my portfolio. I am getting slaughtered, down almost $400.
It's my #1 so I feel your pain big time. Luckily I sold a bunch at the ATH so I can sit tight and not worry. It's too good of a project, it will certainly hit $1 this year in my opinion.
January is historically one of the worst months of the year. Combined with the Korean FUD and an ultra bullish market lately, this isn't a huge surprise. Just hold tight, buy some sales!
+1
Luckily for me, NEO and VEN have weathered this bloodbath quite nicely but the same can't be said for the rest of the market. Hold on everyone! This needs to happen every so often!
I know nothing about buying these things...where do I learn? What's the first step? BBI gurus please help me out.
Oh man, have a few hours? There's really no quick and easy way to answer this. I started with just doing a ton of my own research, finding Telegram and Slack groups on Twitter, reading blogs, books, etc. Highly recommend this book...
I expect this bloodbath to last a little longer but February should be epic.
Yeah, regulatory uncertainty is a problem. I think that will take a while to resolve. And then, yes, I think it has at least one more irrational run we can enjoy. I jumped out yesterday morning. waiting to jump back in when it goes even lower.
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.
it said to state the two payments and i did but they said it doesnt match. weird shit
Gemini is worth a look i think
Here's a list of BTC exchanges (look for ones with USD) - ( New Window )
Buy BTC off of Coinbase, using gdax. Send it to Binance or Bittrex and then exchange it for XRP.
BTW, Binance is by far the best exchange.
Buy BTC/ETH/LTC on GDAX with a limit buy (no fees), send to Binance, buy other coins.
BTW, Binance is by far the best exchange.
Buy BTC/ETH/LTC on GDAX with a limit buy (no fees), send to Binance, buy other coins.
As you wrote this it went down, can't get on...mini panic attack here
weird shit
The best coin to get right now is Gifto (GTO). It is set to explode.
The best coin to get right now is Gifto (GTO). It is set to explode.
Also, wait for a correction and then buy more ripple. It is set to hit coinbase in a couple of weeks and when that happens, it is going to explode
I’m just looking to start getting into these and not committed to one currency yet. Should I just sign up for a few of these exchanges and figure out which ones after the fact?
I’m just looking to start getting into these and not committed to one currency yet. Should I just sign up for a few of these exchanges and figure out which ones after the fact?
Yes because they take a while to verify, some aren't even taking new accounts (Bittrex).
I’m just looking to start getting into these and not committed to one currency yet. Should I just sign up for a few of these exchanges and figure out which ones after the fact?
I think NFT's kind of drift away after a few days of inactivity..
Anyway, if you're not committed to one coin, I would suggest an exchange with a lot of different options and a lot of different purchasing ratio's. Binance fits that bill nicely.
FYI, I know a lot of people were talking about verification on Binance.. I'm not verified and was easily able to withdraw 2 BTC yesterday. Once you verify, that limit goes to 10 BTC, but you can certainly get on and buy/sell/trade without verification (unless they changed the policy after i signed up and I'm grandfathered in? I doubt that though)
You learned your lesson though, just as I did trying to trade 10 LTC last month.
Never again.
Right? Seemingly impossible.
I tried to create a Bitstamp account ten days ago and the verification is still in progress.
BTW, Binance is by far the best exchange.
Buy BTC/ETH/LTC on GDAX with a limit buy (no fees), send to Binance, buy other coins.
Hmmm... so, assuming I've already bought a few LTC using Coinbase, how do I then send them to Binance?
I got about $50 in bitcoin to play with.
You're goal is to hit 10x-50x multiples on a few projects. Making 1-2x is ok but not where the money is.
You're welcome.
Quote:
Great weekend for a couple of coins I've mentioned on here and for the market in general.
BTW, Binance is by far the best exchange.
Buy BTC/ETH/LTC on GDAX with a limit buy (no fees), send to Binance, buy other coins.
Hmmm... so, assuming I've already bought a few LTC using Coinbase, how do I then send them to Binance?
On binance, go to funds, then deposit/withdrawal and find LTC. Click deposit, and it’ll give you a public address. Copy that address. Then, on Coinbase, go to your LTC wallet and click the plane in the top right. Put the amount you want to send (there will be a slight fee). Click next and input the address. Click send and it should transfer relatively quick.
I’m sure there are many YouTube walkthroughs too. Sounds complicated but it’s really not.
You're goal is to hit 10x-50x multiples on a few projects. Making 1-2x is ok but not where the money is.
You're welcome.
Found the NEO holder!
Agree, btw. Love Ontology, nex and thekey
Eh, I'm risking $50. Not my life savings.
Quote:
In comment 13770025 Giants in 07 said:
Quote:
Great weekend for a couple of coins I've mentioned on here and for the market in general.
BTW, Binance is by far the best exchange.
Buy BTC/ETH/LTC on GDAX with a limit buy (no fees), send to Binance, buy other coins.
Hmmm... so, assuming I've already bought a few LTC using Coinbase, how do I then send them to Binance?
On binance, go to funds, then deposit/withdrawal and find LTC. Click deposit, and it’ll give you a public address. Copy that address. Then, on Coinbase, go to your LTC wallet and click the plane in the top right. Put the amount you want to send (there will be a slight fee). Click next and input the address. Click send and it should transfer relatively quick.
I’m sure there are many YouTube walkthroughs too. Sounds complicated but it’s really not.
Im trying to transfer my BTC from Gdax to Binance. On Binance when i try to deposit, it doesnt give me an address to send it to. Its just blank.
all three are infrastructure plays
ont is infra too but way oversubscribed. I can barely get an allocation. I got a lot of thekey. Don't know how big the nex allocation will be yet.
neo will be top 5 coin in 2018 at some point.
The key is to get in and get out while maximizing profits. Don't play the long game. And don't be afraid to take risks.
my name is n00b
Quote:
I can't help but feel like many of these will end badly. I've dabbled, but a lot of this is too good to be true.
Eh, I'm risking $50. Not my life savings.
Yeah I get that, just talking in general for larger sums of money. I also saw something where bitcoin transfers that are below something like $500 may be ignored until the dust settles. It’s the small transactions that I think is bogging everything down.
The growth the market has gone through is remarkable and unheard of. But that doesn’t mean it’s a bad thing. You said it best, once in a lifetime opportunity. I’m heavily committed to my few favorite coins, but at this point it’s still very early for some of these ICO’s
How do I get in?
Seems like there is so much out there to read, hard to tell what is total shit and what is worthwhile.
Where do I best spend my time?
Yes. You can do that via Coinbase
I have converted a bunch back into fiat. I personally like gemini exchange.
US investors usually cannot get into these icos. But many still find a way to do it.
icobuyer slack:
https://join.slack.com/t/icobuyer/shared_invite/enQtMjM3NzQyNzU0NzU0LTYxNTgyNDk0MWRiOWZmYWRjZTdjMTVlZmI3NWVkY2I0MjcxZjZhMTI2OTRmMWU0MTE3OTNkM2E4M2QyMjgzZDE
remember, market cap is the most important thing here not the price of the coin.
Just have to be smart, don’t let your emotions get the best of you, study projects, learn charts, study the market, get a good network of experts, etc. I’m up a good 40% since I started this not too long ago, an easy way to make BANK in my opinion. Already cashed out my initial investment, playing with house money now...
my name is n00b
THIS times 100. I found an amazing group with a guy that’s made millions on this. He started the channel for free, now it’s a paid group and he shares all his entries, exits, strategies, etc. This combined with my own research and my portfolio is growing exponentially.
Seems like there is so much out there to read, hard to tell what is total shit and what is worthwhile.
Where do I best spend my time?
I’ve found that Reddit is a good starting point for getting to know the names of certain coins, but once you are interested in the idea or niche of a certain coin, independent research is key. Personally, I look for strong teams that back strong ideas. Each serious ICO or coin should have a white paper which outlines the goals, roadmap and details of the coin, it’s wallets, and any other important things you should know before investing.
For example, a few weeks ago I was talking on the other thread about Quantstamp. I’ve always worried about blockchain security in terms of hidden bugs found in code which could cause a shutdown of a network that houses them. Naturally, when I found out about Quantstamp, which is an audit protocol of the code prior to being able to trade it publicly, I was very interested. It turned out the team was full of previously successful and really smart people. So, I invested. It was .18 a couple of weeks ago, now around .50.
Security, infrastructure, digital storage. I tend to stick to coins in those industries.
Binance is good, withdrawal fees can be high on some, but they tend to have some smaller caps.
Bittrex I've had good luck with.
Gemini took literally over 5 months to verify me last year. Ridiculous.
Those who want to jump on the recent Ripple explosion should read into it a bit first. Way too centralized for me. I'm liking stellar lumens instead. Need to read more personally.
RaiBlocks. Do it. Feeless transactions and can support tons. (like 7k/sec) On a shit exchange right now (bitgrail) , but it's worked fine for me. About to rebrand and get listed on Binance.
Request network is another worth looking into.
Lots of shitcoins out there. Do research. Be careful. Keep shit in your wallet, not an exchange.
I have converted a bunch back into fiat. I personally like gemini exchange.
US investors usually cannot get into these icos. But many still find a way to do it.
icobuyer slack:
https://join.slack.com/t/icobuyer/shared_invite/enQtMjM3NzQyNzU0NzU0LTYxNTgyNDk0MWRiOWZmYWRjZTdjMTVlZmI3NWVkY2I0MjcxZjZhMTI2OTRmMWU0MTE3OTNkM2E4M2QyMjgzZDE
Link is down. Could you repost? I would love to network with some of you who have knowledge in this. I have an acquaintance who has made a lot of money in crypto and a friend who would have but sold sometime in 2016. Another friend's father would have been a millionaire too.
Unfortunately, I bought a new phone tonight and Google Authenticator did not fully copy over. So my Binance 2-step verification is gone. I sent them an email, but I heard it can be weeks before they respond, so i have all this money and I can't do anything with it. Luckily, Bittrex is smart and gives you a secret key, just in case things like this happen.
I've been buying btc since $100.
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
the more shitcoins you own, the bigger your body check and more likely you will lose all value.
please just stick to the bigger mcap coins out there btc/eth/ltc/xmr/zcash/eos. you guys are too old to be gambling.
I've been buying btc since $100.
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
Thanks
Quote:
I humbly submit my credentials:
I've been buying btc since $100.
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
Ugh, XRB. On Thanksgiving weekend, I was going to buy 1K at .20. I decided to just use that money for Christmas gifts. Been sick for a few weeks over that decision. Would have been worth 150K a month later.
Once it hits binance I think whales take some profit, though. It has very low volume on its current exchanges
Quote:
In comment 13770726 huygens20 said:
Quote:
I humbly submit my credentials:
I've been buying btc since $100.
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
Ugh, XRB. On Thanksgiving weekend, I was going to buy 1K at .20. I decided to just use that money for Christmas gifts. Been sick for a few weeks over that decision. Would have been worth 150K a month later.
Once it hits binance I think whales take some profit, though. It has very low volume on its current exchanges
Well you're not the only one, I held out a long time because BitGrail blows and I didn't want to join another exchange. UGH oh well, learn from our mistakes.
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
This might be the most important thing in this thread for all you people chasing xrp. All the crap you read about Bank involvement is in regards to ripple technology. There is no need for banks to use xrp. This is why you research and not chase gains.
Thanks
The Slack group is called Appolo Group/Moon Missions. His twitter handle is @CryptoM1KE. You can start in the free group with general chat and then join the private channels if you want for only $50 a month. Let me know if you join, I'll give him a heads up.
Here's the link - ( New Window )
what coin did you send? Is it showing as pending? It shouldn't take that long.
Quote:
$500 to play around with, this thread was a big help. Still am a bit clueless, my transaction from Coinbase to Binance is taking forever it seems
what coin did you send? Is it showing as pending? It shouldn't take that long.
Sent BTC which I learned after is not the best one to send over. It does show pending
Very he helpful site.
Pay your taxes.
Link - ( New Window )
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In comment 13770779 TommyWiseau said:
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$500 to play around with, this thread was a big help. Still am a bit clueless, my transaction from Coinbase to Binance is taking forever it seems
what coin did you send? Is it showing as pending? It shouldn't take that long.
Sent BTC which I learned after is not the best one to send over. It does show pending
Ah yeah that's why, I learned that lesson quick too. And Binance has been down for maintenance so it's probably taking extra long. Next time use GDAX to send ETH or LTC.
And lets not pretend like we couldn't just throw a dart and any coin from early December and not have at least doubled our money now if you didn't pick an outright scam. There's a lot more attention now to crypto and virtually every coin under a buck is being bought up in hopes of selecting the next big pump.
It is sketchy. Most people will fail at it. Unless you invest serious time on this stuff it’s probably best to stick the main players and suck up making less margin.
They are essentially penny stocks.
And lets not pretend like we couldn't just throw a dart and any coin from early December and not have at least doubled our money now if you didn't pick an outright scam. There's a lot more attention now to crypto and virtually every coin under a buck is being bought up in hopes of selecting the next big pump.
Who here has done that? Everyone has reiterated to do your own research and NOT chase pumps like XRP.
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It seems sketchy from the stuff I am reading.
It is sketchy. Most people will fail at it. Unless you invest serious time on this stuff it’s probably best to stick the main players and suck up making less margin.
They are essentially penny stocks.
It’s worth the research, yes it’s a risk but if you’re confident in the project you have the chance to make a ton more money than buying established coins.
Yeah true. Just have to be smart about it. Almost every new ICO always pumps when first listed if you want a quick buck. But I only buy and hold good projects long term, usually selling gains and reinvesting.
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In comment 13770820 BigBlue4You09 said:
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In comment 13770726 huygens20 said:
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I humbly submit my credentials:
I've been buying btc since $100.
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
Ugh, XRB. On Thanksgiving weekend, I was going to buy 1K at .20. I decided to just use that money for Christmas gifts. Been sick for a few weeks over that decision. Would have been worth 150K a month later.
Once it hits binance I think whales take some profit, though. It has very low volume on its current exchanges
Well you're not the only one, I held out a long time because BitGrail blows and I didn't want to join another exchange. UGH oh well, learn from our mistakes.
Yep, that was my thought process. Didn't want to deal with another exchange. Sucks. Live and learn!
Question is about FOMO of XRP. I understand from reading about it and comments on this board that it's a crappy coin with others being better buys. The owner has roughly 20% of it.
However, I've also read several opinions that due to FOMO of XRP it will still take off after it's added to coinbase fairly soon. I've seen potential prices in the $15-30 range. I get that it's probably just wishful thinking. But please explain why if XRP is added to coinbase and average person (i.e. unknowing coinbase buyer) has accessibility, will it not get a high boost? Or do you believe that due to its marketcap, the high demand will be met by the number of high selloffs?
Thank you all. This is very interesting stuff
My strategy is to:
1) Monitor, when it drops below 12,000, purchase 1,000 or so, then sell when it gets to 15,000.
-To me, it seems a lot of people are doing this. I do NOT see a market crash coming. I see a lot of people simply waiting for it to drop, then buying, which is why in the last 2 weeks it has been pretty stable between 12-15,000.
Agree?
Good strategy?
2) I have been monitoring only bitcoin and just through coinbase. Should I be using other sites or monitoring other currancies, or for my amateur purposes is this ok?
Question is about FOMO of XRP. I understand from reading about it and comments on this board that it's a crappy coin with others being better buys. The owner has roughly 20% of it.
However, I've also read several opinions that due to FOMO of XRP it will still take off after it's added to coinbase fairly soon. I've seen potential prices in the $15-30 range. I get that it's probably just wishful thinking. But please explain why if XRP is added to coinbase and average person (i.e. unknowing coinbase buyer) has accessibility, will it not get a high boost? Or do you believe that due to its marketcap, the high demand will be met by the number of high selloffs?
Thank you all. This is very interesting stuff
Honestly it probably will be in the short term. But for the reasons widmerseyebrow listed above, it could screw a lot of people.
That high of a price, we'd be looking at a huge market cap for a coin with no true adopted purpose.
Yup, great project with still a ton of room to grow. A huge partnership announcement next week and a new exchange at the end of the month. Been in since .07
Question is about FOMO of XRP. I understand from reading about it and comments on this board that it's a crappy coin with others being better buys. The owner has roughly 20% of it.
However, I've also read several opinions that due to FOMO of XRP it will still take off after it's added to coinbase fairly soon. I've seen potential prices in the $15-30 range. I get that it's probably just wishful thinking. But please explain why if XRP is added to coinbase and average person (i.e. unknowing coinbase buyer) has accessibility, will it not get a high boost? Or do you believe that due to its marketcap, the high demand will be met by the number of high selloffs?
Thank you all. This is very interesting stuff
Let me break this down numerically.
Currently, XRP has a market cap that is MORE THAN HALF of Bitcoin. That is NOT sustainable at the current price and will definitely not be sustainable if it goes higher.
A $30 XRP which over 38 Billion coins in circulation (not really because Ripple holds the majority, but for arguments sake..) means Ripple would have a $1.1 Trillion market cap, which would currently be about 5 times to market cap of Bitcoin, which currently holds over 30% of the entire crypto market cap.
A $1.1 Trillion market cap would also nearly double the market cap of every other single coin combined, at current levels.
There are simply too many coins in circulation for XRP to reach that price, in my opinion. Also, XRP is not Ripple. Ripple is the centralized company that controls XRP, XRP is the coin.
Is leaving them in binance extremely risky? I hate having to wait days to move these things around if I want to trade from one to another.
As for the ICO posters - for those of us that find it too complicated to get in on the ICOs themselves, do you think we can still profit by buying them when they get onto an exchange like binance? Or is it too late by then?
Thanks for all the advice on this thread - great stuff.
Is leaving them in binance extremely risky? I hate having to wait days to move these things around if I want to trade from one to another.
As for the ICO posters - for those of us that find it too complicated to get in on the ICOs themselves, do you think we can still profit by buying them when they get onto an exchange like binance? Or is it too late by then?
Thanks for all the advice on this thread - great stuff.
Not sure if there's a hardware wallet that is compatible with TRON, Cardano or Stellar yet but if they become popular enough, the Ledger Nano S hardware wallet will most likely support them eventually. It currently supports XRP, though.
I've held a few BTC worth of coins on Binance for long periods of time. As long as you have 2FA and all possible security features Binance offers enabled, I wouldn't call it extremely risky.
As for ICO's, I don't think it's too late once they reach exchanges. However, the tide seems to be turning quickly on that point as alts become more and more popular and people try to make a million off of $100. That trend could easily reverse though, and I think it will. Daddy Bitcoin is still king.
Is leaving them in binance extremely risky? I hate having to wait days to move these things around if I want to trade from one to another.
As for the ICO posters - for those of us that find it too complicated to get in on the ICOs themselves, do you think we can still profit by buying them when they get onto an exchange like binance? Or is it too late by then?
Thanks for all the advice on this thread - great stuff.
I mean keeping them anywhere other than in cold storage is "risky" but as long as you have 2FA enable on an established exchange you should be fine. I keep them there mostly because I trade a lot throughout the day but in time I will consolidate and move them offline.
To clear up the confusion regarding XRP the token and the Ripple network:
Yes, FIs can use the Ripple network without using XRP and still enjoy a cost savings over using SWIFT. However, they enjoy more savings switching over to XRP. It's like if FIs are using horse and cart right now and Ripple the company is offering to let them pilot test railroad tracks. The FIs are free to use the tracks with rail carts, but Ripple has a locomotive (XRP) when they are ready. If one competitor opts for the locomotive, how long do you think it will be until others adopt?
If you don't believe me, feel free to look up the growing list of major FIs.
The Coinbase rumors are all fine and dandy, but their lead developer let slip that the Q4 report will announce two partnerships with major household names.
Still holding 15 Litecoin and .85 Bitcoin.
So I opened a Binance account today and I'm waiting for a transfer of .25 Bitcoin from Coinbase to Binance to complete.
Then I'll buy Ripple.
I agree when Coinbase supports Ripple, then Ripple will explode.
So I am very conservative, this is not an investment, it's play money, and I've got all my play money back in my pocket.
Now it's kind of fun!
Thanks for all the helpful info in this thread!
No this is very abnormal, I'm waiting on an ETH transfer too. Maybe due to the increase in volume, not sure.
Post again if the transaction hasn’t gone through in a few hours and we’ll check the blockchain
Post again if the transaction hasn’t gone through in a few hours and we’ll check the blockchain
When you transfer currency out of GDAX, it leaves your GDAX account and goes into an intermediate Coinbase account in your same name. From there, it goes out to the address you sent it to.
If you’re having trouble locating the status, log into Coinbase using your GDAX credentials (or you can get there through the account settings menu on GDAX). If you go to the “Accounts” tan within Coinbase and choose the wallet for whichever currency you attempted to send, you should be able to see the status of the transfer.
Of 4 coins yes.
One of the coins I bought into this morning. This stuff is pretty exciting albeit a little addicting.
Game.com is bullshit.
35% to founders.
10% to piewo.
Guess who started piewo? ;)
Nice gains today tron. But get the fuck out.
So I opened a Binance account today and I'm waiting for a transfer of .25 Bitcoin from Coinbase to Binance to complete.
Then I'll buy Ripple.
I agree when Coinbase supports Ripple, then Ripple will explode.
Don't transfer btc.
Transfer eth or Ltc. We're talking fees in the range of $30 vs $.60.
Coinbase is not going to add xrp. This is pure rumor.
I thought Binance was closed to new accounts? It was for a bit at least.
Cappasity - ( New Window )
Every ICO is different with different procedures, dates, bonuses etc. but you go directly through the project itself and generally purchase tokens on their website with a new wallet you've created and transfer from your own wallet like MyEtherWallet (not from an exchange). Great article below
Help investing in an ICO - ( New Window )
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If I wanted to invest in an ICO then how is that done?
Every ICO is different with different procedures, dates, bonuses etc. but you go directly through the project itself and generally purchase tokens on their website with a new wallet you've created and transfer from your own wallet like MyEtherWallet (not from an exchange). Great article below
Help investing in an ICO - ( New Window )
Thank you.
I just setup my account on CoinBase last night, and I planned on picking up some Ethereum this weekend. I was going to use that as a medium to exchange for other currencies like XRP. I downloaded the Binance app as suggested on here, but all new registrations seem to be on hold, when I get to the verification process.
What would be the best way to go from Ethereum to XRP? I was on Changelly as well and XRP doesn't pop up in the dropdown for conversion.
At best it's amateur hour all the time from the developer to the "official" marketing team. At worst it's a complete scam: superficial updates and a product that doesn't actually do what they claim. Google XVGWhale and the New Year Eve deadline fiasco.
I just setup my account on CoinBase last night, and I planned on picking up some Ethereum this weekend. I was going to use that as a medium to exchange for other currencies like XRP. I downloaded the Binance app as suggested on here, but all new registrations seem to be on hold, when I get to the verification process.
What would be the best way to go from Ethereum to XRP? I was on Changelly as well and XRP doesn't pop up in the dropdown for conversion.
XRP is up and down on Changelly. Shapeshift.io has it as well but I think the rates are slightly better on Changelly.
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very intereting topic to read up on throughout the various forums. I had the other one bookmarked but can't find it.
I just setup my account on CoinBase last night, and I planned on picking up some Ethereum this weekend. I was going to use that as a medium to exchange for other currencies like XRP. I downloaded the Binance app as suggested on here, but all new registrations seem to be on hold, when I get to the verification process.
What would be the best way to go from Ethereum to XRP? I was on Changelly as well and XRP doesn't pop up in the dropdown for conversion.
XRP is up and down on Changelly. Shapeshift.io has it as well but I think the rates are slightly better on Changelly.
"Up and down" in availability that is.
I've read about a lot of coins that are very much liked but aren't available on Binance yet. Are there other reputable exchanges where the coins may hit sooner?
I've read about a lot of coins that are very much liked but aren't available on Binance yet. Are there other reputable exchanges where the coins may hit sooner?
I also use Bittrex, but their fees can suck.
I've read about a lot of coins that are very much liked but aren't available on Binance yet. Are there other reputable exchanges where the coins may hit sooner?
Normally its a crapshoot in terms of which coin is added on what exchange, but binance has a good number of lesser known coins currently and continues to add. Bittrex as well but they've been having problems and aren't taking new accounts.
Kucoin is a joke exchange with gems like DRGN and DBC, just added. rN too. And they have their own coin KCS you get profit shares of.
Seems it’s ready for another run up!
Thinking of moving some currency from Binance to KuCoin to purchase some DRGN.
I used Kucoin to buy some RaiBlocks (XRB). I wanted to pick up XRB before Binance begins carrying it. I think it will pop a bit when it hits Binance. I bought at $30. A very small amount, just 22.
I wanted to buy Ripple so I opened a Binance account. I bought some, gambling that Coinbase will carry it soon. If that happens, it will pop when it hits Coinbase.
I decided to play a bit with "shitcoins" on Binance. So I bought small amounts of Tron (TRX) and Gifto (GTO). I think TRX was a poor decision but I think GTO should work out okay.
I also bought some Stellar (XLM) and I think that will work out well too.
All of this buying was done with Bitcoin profits. I used $9700 to "seed" some Bitcoin and Litecoin holdings. I sold enough of both to get my $9700 back plus $3100. I bought 2 shares of Amazon and a nice bicycle with the $3100.
Now all my crypto holdings:
BTC
LTC
XRP
XLM
XRB
GTO
TRX
are gravy and there's no anxiety for me.
Use Reddit r/cryptocurrency to learn more. There's some good stuff there.
I may put some more of my cash into BTC on the next dip, but I have to think about that. But I managed that $9700 really well, and perhaps I can do that again.
Giving 500 for first 100k users for betatesting
Link - ( New Window )
If this bitcoin thing keeps rolling, they are going to do very well with these things. Now, they are looking to buy 100 more mines and move them to a small warehouse.....crazy
Sold my BTC at $17k which was nice. May buy more if it keeps dipping.
If this bitcoin thing keeps rolling, they are going to do very well with these things. Now, they are looking to buy 100 more mines and move them to a small warehouse.....crazy
I'd love to see the numbers on this project--hardware, electric costs, etc.
I think we're seeing the last few days of this massive alt pump. That being said, on a tip, I sold a few LTC and NEO to get into Vechain (VEN). It currently has a very low market cap for the announcements that the team has made. It dipped this morning..might be a good entry point!
I need to stop buying Thursday through Sunday!
And I just told my nephew he might want to look into buying crypto. His mother will kill me.
I need to stop buying Thursday through Sunday!
And I just told my nephew he might want to look into buying crypto. His mother will kill me.
This would reliably happen every weekend last summer. Either a weekend pump or weekend dump, followed by the opposite action on the following Monday.
It tapered off as we entered October/November, but I would love to get back to that kind of market.
Hard to get upset over a red wave in this sea of green..
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Pretty ugly day, but I really need to lock my mind in on the weekend pumps. It's pretty reliable, there's going to be a weekend pump and a Monday dump.
I need to stop buying Thursday through Sunday!
And I just told my nephew he might want to look into buying crypto. His mother will kill me.
This would reliably happen every weekend last summer. Either a weekend pump or weekend dump, followed by the opposite action on the following Monday.
It tapered off as we entered October/November, but I would love to get back to that kind of market.
Hard to get upset over a red wave in this sea of green..
Very true, I've had steady gains almost every day this year until today. And it's already starting to rebound.
There were some great ideas in the dot com boom, like eBay. And a lot of crap too.
Crypto seems to be just like that. There ought to be a collapse, but there are some good ideas in crypto land, and there will be survivors. Anyway, that's the way I see it.
And I think the bubble burst is probably at least a year out. In the meantime, if I'm conservative and not greedy, I think I can make some good money and not get burnt when the collapse comes.
These are not.
from what I understand there is no FDIC for any BTC or crypto purchases, if your money is gone your money is gone. There is no one to pursue and no one to complain to/sue.
Invest what you can afford to lose (I like some of these plays, but man until I have cash in my bank account - which is semi-ironic - I won't feel comfortable with any of them - especially the currencies.)
like this 100 billion dollars that vanished today per WSJ:
Bitcoin, Ethereum and XRP fall sharply after Coinmarketcap.com removes data from some South Korean exchanges
By Paul Vigna
Jan. 8, 2018 3:25 p.m. ET
Prices for some of the most popular cryptocurrencies dropped sharply Monday. One apparent reason: an adjustment from a popular website on its digital-currency price quotes.
A website called coinmarketcap.com on Monday removed da....
need a subscription to read the full article.
Link - ( New Window )
These are not.
from what I understand there is no FDIC for any BTC or crypto purchases, if your money is gone your money is gone. There is no one to pursue and no one to complain to/sue.
Invest what you can afford to lose (I like some of these plays, but man until I have cash in my bank account - which is semi-ironic - I won't feel comfortable with any of them - especially the currencies.)
like this 100 billion dollars that vanished today per WSJ:
Quote:
A Crypto Website Changes Its Data, and $100 Billion in Market Value Vanishes
Bitcoin, Ethereum and XRP fall sharply after Coinmarketcap.com removes data from some South Korean exchanges
By Paul Vigna
Jan. 8, 2018 3:25 p.m. ET
Prices for some of the most popular cryptocurrencies dropped sharply Monday. One apparent reason: an adjustment from a popular website on its digital-currency price quotes.
A website called coinmarketcap.com on Monday removed da....
need a subscription to read the full article. Link - ( New Window )
Vanished? Not even close to true.
People panicked and sold because CoinMarketCap took off Korean exchanges when calculating the average price of coins from multiple exchanges, which is a good thing since Korea trades much higher than other countries, causing inaccuracies in price from CMC to exchange. For example, LTC is/was $410 in Korea.
Prices are already back where they were last night for the most part. And that’s an article behind a pay wall? LOL
FUD.
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in their basement. They had to install a new electrical panel to handle all of the power needed to keep these things running 24/7.
If this bitcoin thing keeps rolling, they are going to do very well with these things. Now, they are looking to buy 100 more mines and move them to a small warehouse.....crazy
I'd love to see the numbers on this project--hardware, electric costs, etc.
He was able to purchase the mines for $1k each. This was direct from China when you were able to buy them direct. Now from what I understand you would have to pay about $6k for them. He had an electrician install a new dedicated panel in his basement. My guess is this cost about $2500. He says it uses A LOT of power. Each one is 1400 watts 24/7 which is like a hair dryer. They are putting out so much heat with the fans that it is impacting the total temp in his basement. Up to 90 degrees. Right now, they are generating (after subtracting electrical costs) about $500 per day. So, after 34 days he is breaking even on the mine purchases. This does not include any additional dollars he gets for being inside of the network (solving algorithms), etc. I dont even understand all of that to be honest. The whole thing just makes me nervous.
So, he is not buying bitcoins. He is producing them.
it's all from the Wall Street Journal article. Also referenced on zerohedge. None of it was my own opinion which I did offer as only invest what you can afford to lose, none of these investments, to my knowledge are protected, even though I invest myself, I felt it appropriate to caution investors.
Here is some of the zero hedge article that references WSJ which I don't necessarily consider a reliable news source, but for financials I see them with no conflict:
Link - read or not - ( New Window )
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But “Vanished” is simply not true.
it's all from the Wall Street Journal article. Also referenced on zerohedge. None of it was my own opinion which I did offer as only invest what you can afford to lose, none of these investments, to my knowledge are protected, even though I invest myself, I felt it appropriate to caution investors.
Here is some of the zero hedge article that references WSJ which I don't necessarily consider a reliable news source, but for financials I see them with no conflict:
Quote:
....More than $100 billion of the sector’s total market value was erased over the last 24 hours, according to the site. On Sunday, it stood at $835 billion. On Monday, it fell to as low as $683 billion, and lately was at $722 billion. And ironically, or perhaps patly, the catalyst behind these sharp price moves had nothing to do with actual, market-clearing, price....
Link - read or not - ( New Window )
Wasn’t attacking you, pj. Apologies if it came off that way.
I was attacking the article. To me, t’s only purpose is to spread doubt about the industry when they use words such as “vanish” and “erased” when referring to sells. Those words make it seem that the exchanges got hacked and people lost money without their knowledge.
Not sure if you’ve been following this thread but I ALWAYS tell people to do their own research and to be extremely cautious with leaving funds on the exchanges. Agree with everything you said regarding that.
As the end of the day, MSM gonna MSM though. Not surprising.
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In comment 13778837 Giants in 07 said:
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But “Vanished” is simply not true.
it's all from the Wall Street Journal article. Also referenced on zerohedge. None of it was my own opinion which I did offer as only invest what you can afford to lose, none of these investments, to my knowledge are protected, even though I invest myself, I felt it appropriate to caution investors.
Here is some of the zero hedge article that references WSJ which I don't necessarily consider a reliable news source, but for financials I see them with no conflict:
Quote:
....More than $100 billion of the sector’s total market value was erased over the last 24 hours, according to the site. On Sunday, it stood at $835 billion. On Monday, it fell to as low as $683 billion, and lately was at $722 billion. And ironically, or perhaps patly, the catalyst behind these sharp price moves had nothing to do with actual, market-clearing, price....
Link - read or not - ( New Window )
Wasn’t attacking you, pj. Apologies if it came off that way.
I was attacking the article. To me, t’s only purpose is to spread doubt about the industry when they use words such as “vanish” and “erased” when referring to sells. Those words make it seem that the exchanges got hacked and people lost money without their knowledge.
Not sure if you’ve been following this thread but I ALWAYS tell people to do their own research and to be extremely cautious with leaving funds on the exchanges. Agree with everything you said regarding that.
As the end of the day, MSM gonna MSM though. Not surprising.
Oh, I agree with that. Problem is the majority of the MSM charged with writing about investing doesn't understand the crypto currencies, block chain, or other details on the topic, probably a lot like the dot com boom and they had to write about the potential for the "Information super highway" and any company with an "e-" or "i-" before their name was going to explode.
but not many people could tell you why. It's similar, a lot of people got burned, a lot of people made money, but in the end there were smart people on both sides and luck played a big part in which side you wound up on - especially for the people who didn't understand the tech.
There are warehouses in China with near-free electricity doing the bulk of bitcoin mining right now, although that may be changing soon. Can't imagine being able to compete with them.
China plans to kill most of the world’s bitcoin mining operations - ( New Window )
what you into today?
Just picked up VeChain (VEN) this week. Strong team, many announced partnerships and a rebrand coming up next week. A steal at around $4.50 in my opinion
Just picked up VeChain (VEN) this week. Strong team, many announced partnerships and a rebrand coming up next week. A steal at around $4.50 in my opinion
very cool. NEO and LEND look interesting to me. As does DBC
Yeah - after it didnt get listed on Coinbase I would have sold immediately.
Just picked up VeChain (VEN) this week. Strong team, many announced partnerships and a rebrand coming up next week. A steal at around $4.50 in my opinion
VEN is in my top 3. As you can see today it exploded even with the market down. A $50 coin in the long run IMO.
Quote:
Also VEN, QSP, and SC.
Just picked up VeChain (VEN) this week. Strong team, many announced partnerships and a rebrand coming up next week. A steal at around $4.50 in my opinion
very cool. NEO and LEND look interesting to me. As does DBC
LEND is going to explode this year, $1 easy.
TRON’s Whitepaper Appears to Plagiarize from Filecoin and IFPS - ( New Window )
Not saying he's wrong in regards to 90-95% of them, but in the same interview he said he had zero understanding of crypto. Kind of an odd thing to admit when you're talking about certainty.
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Also VEN, QSP, and SC.
Just picked up VeChain (VEN) this week. Strong team, many announced partnerships and a rebrand coming up next week. A steal at around $4.50 in my opinion
VEN is in my top 3. As you can see today it exploded even with the market down. A $50 coin in the long run IMO.
I tend to think conservatively when it comes to price and even I think $50 is VERY conservative.
Especially with regulation rumors and Supreme Court rulings in favor of investors coming out of China, which was the world's biggest market before they banned exchanges last fall.
China is obsessed with the tech. Obsessed. The market will explode when they re-open trading.
If that were true, and I'll use VeChain because it's most recent, then people like Jim Breyer, CEO of Breyer Capital, wouldn't be invested in it.
Follow the institutional money.
Scroll down to Crypto - ( New Window )
I bought a tiny piece (.2) of Bitcoin on the dip, $13,085 was the price.
I bought a tiny piece (.2) of Bitcoin on the dip, $13,085 was the price.
Seems fairly serious.
Link - ( New Window )
I bought a tiny piece (.2) of Bitcoin on the dip, $13,085 was the price.
You're exactly right. They aren't shutting down crypto, they are simply regulating shady exchanges not paying their taxes.
South Korea Is Not Banning Bitcoin Trade, Financial Regulators Clarify - ( New Window )
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Any individual coin? Hard to say. They only have value now because enough people agree they do. If they stop?
If that were true, and I'll use VeChain because it's most recent, then people like Jim Breyer, CEO of Breyer Capital, wouldn't be invested in it.
Follow the institutional money. Scroll down to Crypto - ( New Window )
This logic simply doesn't hold. Because institutional investors are diving into blockchain doesn't mean that any particular coin has an intrinsic value or that the transactional nature of the coins will be a moneymaker in the long run. They're speculating like all of us. And they're doing it the same way they did it in the tech bubble. By getting pre-ICO prices that aren't available to guys on BBI. They'll get in at prices we can't. Make money and when it all comes crashing down it will be mom and pops and maybe dudes on this thread that lose big.
Quote:
In comment 13781875 Heisenberg said:
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Any individual coin? Hard to say. They only have value now because enough people agree they do. If they stop?
If that were true, and I'll use VeChain because it's most recent, then people like Jim Breyer, CEO of Breyer Capital, wouldn't be invested in it.
Follow the institutional money. Scroll down to Crypto - ( New Window )
This logic simply doesn't hold. Because institutional investors are diving into blockchain doesn't mean that any particular coin has an intrinsic value or that the transactional nature of the coins will be a moneymaker in the long run. They're speculating like all of us. And they're doing it the same way they did it in the tech bubble. By getting pre-ICO prices that aren't available to guys on BBI. They'll get in at prices we can't. Make money and when it all comes crashing down it will be mom and pops and maybe dudes on this thread that lose big.
Oh but we can invest in ICO's, VPNs are your friend. And if people here were smart enough they'd take out their initial investment as soon as possible and let the rest ride like I did.
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In comment 13781894 Giants in 07 said:
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In comment 13781875 Heisenberg said:
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Any individual coin? Hard to say. They only have value now because enough people agree they do. If they stop?
If that were true, and I'll use VeChain because it's most recent, then people like Jim Breyer, CEO of Breyer Capital, wouldn't be invested in it.
Follow the institutional money. Scroll down to Crypto - ( New Window )
This logic simply doesn't hold. Because institutional investors are diving into blockchain doesn't mean that any particular coin has an intrinsic value or that the transactional nature of the coins will be a moneymaker in the long run. They're speculating like all of us. And they're doing it the same way they did it in the tech bubble. By getting pre-ICO prices that aren't available to guys on BBI. They'll get in at prices we can't. Make money and when it all comes crashing down it will be mom and pops and maybe dudes on this thread that lose big.
Oh but we can invest in ICO's, VPNs are your friend. And if people here were smart enough they'd take out their initial investment as soon as possible and let the rest ride like I did.
Pre - ICOs. Like, when Facebook had their IPO and the price was 25 (I think?) lots of folks on the institutional side had already arranged deals at prices lower than 25 in exchange for earlier funding. So sure you can try and use your e-trade to get facebook on it's IPO day but the institutional guys are starting out with a profit that you can't match. This is exactly how the tech bubble worked. It's happening again. It'll pop at some point. Let's hope we all make some money before it does.
I put in a whopping $9,700 and pulled out $12,800. Bought 2 shares of Amazon and a bike.
But I just put $2,700 in on the dip. Still less than the $3100 I took out, although technically I spent the $3100.
I'm not going to get rich on crypto, but unless I do something really stupid in the future, I'm going to make some money.
I see BTC around $20K at mid year.
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In comment 13782602 Heisenberg said:
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In comment 13781894 Giants in 07 said:
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In comment 13781875 Heisenberg said:
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Any individual coin? Hard to say. They only have value now because enough people agree they do. If they stop?
If that were true, and I'll use VeChain because it's most recent, then people like Jim Breyer, CEO of Breyer Capital, wouldn't be invested in it.
Follow the institutional money. Scroll down to Crypto - ( New Window )
This logic simply doesn't hold. Because institutional investors are diving into blockchain doesn't mean that any particular coin has an intrinsic value or that the transactional nature of the coins will be a moneymaker in the long run. They're speculating like all of us. And they're doing it the same way they did it in the tech bubble. By getting pre-ICO prices that aren't available to guys on BBI. They'll get in at prices we can't. Make money and when it all comes crashing down it will be mom and pops and maybe dudes on this thread that lose big.
Oh but we can invest in ICO's, VPNs are your friend. And if people here were smart enough they'd take out their initial investment as soon as possible and let the rest ride like I did.
Pre - ICOs. Like, when Facebook had their IPO and the price was 25 (I think?) lots of folks on the institutional side had already arranged deals at prices lower than 25 in exchange for earlier funding. So sure you can try and use your e-trade to get facebook on it's IPO day but the institutional guys are starting out with a profit that you can't match. This is exactly how the tech bubble worked. It's happening again. It'll pop at some point. Let's hope we all make some money before it does.
Sorry, I misunderstood. Like I said, hopefully people are smart enough to take their initial investment out. Actually, smart enough to not even start with money they can't afford to lose. I don't see this thing going anywhere for at least a year.
Link - ( New Window )
Hard to say. I hate telling people what to buy and it's been a roller coaster of a week chart-wise.
VEN is still a good option. Bouncing between 6 and 7 for a few days, but currently sub $6. (FYI I'm heavily invested and biased, but I do the most research on coins I own so take this suggestion with a grain of salt)
As for coins I do not own that I can be objective about, Icon (ICX) and Raiblocks (XRB) dipped quite a bit.. could be a nice entry. Again, I don't do as much research on coins I don't own, but I do my due diligence on mostly everything in the top 25.
https://twitter.com/iamjosephyoung/status/951710054868135936 - ( New Window )
Last year the market spiked nicely around this time
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In comment 13782618 BigBlue4You09 said:
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In comment 13782602 Heisenberg said:
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In comment 13781894 Giants in 07 said:
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In comment 13781875 Heisenberg said:
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Any individual coin? Hard to say. They only have value now because enough people agree they do. If they stop?
If that were true, and I'll use VeChain because it's most recent, then people like Jim Breyer, CEO of Breyer Capital, wouldn't be invested in it.
Follow the institutional money. Scroll down to Crypto - ( New Window )
This logic simply doesn't hold. Because institutional investors are diving into blockchain doesn't mean that any particular coin has an intrinsic value or that the transactional nature of the coins will be a moneymaker in the long run. They're speculating like all of us. And they're doing it the same way they did it in the tech bubble. By getting pre-ICO prices that aren't available to guys on BBI. They'll get in at prices we can't. Make money and when it all comes crashing down it will be mom and pops and maybe dudes on this thread that lose big.
Oh but we can invest in ICO's, VPNs are your friend. And if people here were smart enough they'd take out their initial investment as soon as possible and let the rest ride like I did.
Pre - ICOs. Like, when Facebook had their IPO and the price was 25 (I think?) lots of folks on the institutional side had already arranged deals at prices lower than 25 in exchange for earlier funding. So sure you can try and use your e-trade to get facebook on it's IPO day but the institutional guys are starting out with a profit that you can't match. This is exactly how the tech bubble worked. It's happening again. It'll pop at some point. Let's hope we all make some money before it does.
Sorry, I misunderstood. Like I said, hopefully people are smart enough to take their initial investment out. Actually, smart enough to not even start with money they can't afford to lose. I don't see this thing going anywhere for at least a year.
Agree, if you have money to speculate and want to entertain yourself then go at it. This is all about timing the fluctuations, very much luck.
I played stock markets during the dot com bubble and it all seems very familiar --
it was normal for a dot.com stock to move 10-25% in a day - or if you got in an IPO a 100-500% move the day the stock went public. by early 1999 it was impossible to lose in the market if you played a dot.com stock .. but by 2000 most investors were wiped out .. I kept at trading stocks and learned how to be a trader .t
The irony is while Bitcoin and crypto currencies are exploding it is actually a great time to be trading the stock market. I can make more profits from trading weekly options of high beta stocks than any crypto currencies . I have tried to explain this to friends who are in love with crypto currencies but they won't listen
my favorite quote about investing
"Don't fall in love with an investment, no matter how sexy it is"
this is my favorite quote about bitcoin.
"Bitcoin has some of the attributes of a headless currency. Nevertheless, it has no intrinsic value ‒ not even as a collector's item because it is intangible. Nor is it a financial asset like a stock or bond because it has no returns. Its only investment value lies in the possibility of appreciation bestowed on it by those who hold it: it is an asset with no underlying."
Buy now?
Is that standard?
Is that standard?
Yup, its ridiculous.
Is that standard?
Credit Cards are instant but a higher fee. Worth it sometimes.
Buy now?
January is historically one of the worst months of the year. Combined with the Korean FUD and an ultra bullish market lately, this isn't a huge surprise. Just hold tight, buy some sales!
It's my #1 so I feel your pain big time. Luckily I sold a bunch at the ATH so I can sit tight and not worry. It's too good of a project, it will certainly hit $1 this year in my opinion.
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Why?
Buy now?
January is historically one of the worst months of the year. Combined with the Korean FUD and an ultra bullish market lately, this isn't a huge surprise. Just hold tight, buy some sales!
+1
Luckily for me, NEO and VEN have weathered this bloodbath quite nicely but the same can't be said for the rest of the market. Hold on everyone! This needs to happen every so often!
I think you can use a credit card on Bitstamp, but the fees are even worse than Coinbase.
Oh man, have a few hours? There's really no quick and easy way to answer this. I started with just doing a ton of my own research, finding Telegram and Slack groups on Twitter, reading blogs, books, etc. Highly recommend this book...
Cryptocurrency Investing Bible $10 on Amazon - ( New Window )
I expect this bloodbath to last a little longer but February should be epic.
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...
I expect this bloodbath to last a little longer but February should be epic.
Yeah, regulatory uncertainty is a problem. I think that will take a while to resolve. And then, yes, I think it has at least one more irrational run we can enjoy. I jumped out yesterday morning. waiting to jump back in when it goes even lower.
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.
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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.
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In comment 13794156 pjcas18 said:
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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
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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.
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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?
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In comment 13821775 Rover said:
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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.
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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.
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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.