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Cryptocurrency mega-thread

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Gigantic said:
Anyone on BAT?

Could be the type of tech that gets around the new data protection laws in EU putting significant restrictions on companies collection of personal information. These data protection laws affect ALL companies globally, not just those incorporated in the EU, so long as the companies are dealing with the data of EU citizens. Based on my understanding of BAT and Brave, it doesn't accumulate data of its users per se. Someone correct me if I'm wrong?

And also they partnered with Dow Jones Media Group, which explains it's massive hike. Just the type of news I've been waiting for!
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Yeah, BAT has a 1% hodl in my portfolio
 
Pea Nut said:
Who else thinks this will be the worst post of the year ?? Maybe we could have an award that goes out on December 31st. Telling someone to sell the absolute bottom and get out surely has to be a yuuuuuuge contender !!
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So you're able to read option 1 and not option 2 OR 3? You should professionally practice that selective reading.

You're excited because Tron has gone from 4cents to 6cents when this poor soul probably bought at 40cents. He could still be down tens of thousands of dollars and you want...a retraction? Really? I mean...really? I just laughed out loud a little.

I advised he had 3 options.

Option 1 did include avoiding the pain of watching a market realise it's vapourware projects were utter trash all along. This pump is not on the back of any major market adoption or good news. It's just manipulation and standard crypto market psychological cycles.

Another reality hit like a country banning crypto (per India) and we're back at Tron, 3cents, Bitcoin $6k. Given the initial mid april pump was brilliantly calculated and manipulated I'd be unsurprised if the trap isn't sprung by crypto kid whales well before the next pr disaster.

I still hold Funfair which I purchased during a March dip...but if it ever reaches its ATH again in my lifetime (~37cents) then its NOT on its own merit, nor any earthly logic. There are still plenty of other projects I think will change their industry but they will not continue to defy economic sense.

I truly feel for anyone that still holds, or purchased in January and didn't see the bubble bursting. Probably felt buoyed by a bunch of internet friends naively yelling HODL together.
 
bomberjez said:
So you're able to read option 1 and not option 2 OR 3? You should professionally practice that selective reading.

You're excited because Tron has gone from 4cents to 6cents when this poor soul probably bought at 40cents. He could still be down tens of thousands of dollars and you want...a retraction? Really? I mean...really? I just laughed out loud a little.

I advised he had 3 options.

Option 1 did include avoiding the pain of watching a market realise it's vapourware projects were utter trash all along. This pump is not on the back of any major market adoption or good news. It's just manipulation and standard crypto market psychological cycles.

Another reality hit like a country banning crypto (per India) and we're back at Tron, 3cents, Bitcoin $6k. Given the initial mid april pump was brilliantly calculated and manipulated I'd be unsurprised if the trap isn't sprung by crypto kid whales well before the next pr disaster.

I still hold Funfair which I purchased during a March dip...but if it ever reaches its ATH again in my lifetime (~37cents) then its NOT on its own merit, nor any earthly logic. There are still plenty of other projects I think will change their industry but they will not continue to defy economic sense.

I truly feel for anyone that still holds, or purchased in January and didn't see the bubble bursting. Probably felt buoyed by a bunch of internet friends naively yelling HODL together.
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LOL. Fact is you were carrying on about how there has been so much bad advice posted here, yet you managed to tell someone to sell the absolute bottom and get out as a strategy. There's simply no denying that. And it's by far the worst piece of advice ever posted in this thread !! And he never said he bought any Tron. You randomly brought it up. Dollar cost averaging down during the dip in any alts would basically see you close to even right now, even if you first bought in January. And no doubt you will be proven wrong again with your stance that we won't see another bull run like the one seen in Q4 last year. Look at what the alt coins have done in the last 2 weeks.
 

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Pea Nut said:
LOL. Fact is you were carrying on about how there has been so much bad advice posted here, yet you managed to tell someone to sell the absolute bottom and get out as a strategy. There's simply no denying that. And it's by far the worst piece of advice ever posted in this thread !! And he never said he bought any Tron. You randomly brought it up. Dollar cost averaging down during the dip in any alts would basically see you close to even right now, even if you first bought in January. And no doubt you will be proven wrong again with your stance that we won't see another bull run like the one seen in Q4 last year. Look at what the alt coins have done in the last 2 weeks.
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The advice was fine. This dude doesn't have a crystal ball, nor do you. There was no guarantee that things picked back up.

Selling a poor investment at a loss enables you to reinvest elsewhere. Dollar cost averaging is risky as hell in a volatile market like this, and depending on the timing and the percentages invested, you could have lost / made significant money. There is no guarantee that you're now close to even now.

You should look up Loss Aversion, if you're unfamiliar with it. The advice given was at peace with making a loss on a poor / risky investment.

Ultimately, if you're taking advice from someone you don't know on an internet forum, without doing your own research, good luck to you.
 
superfraser said:
Selling a poor investment at a loss enables you to reinvest elsewhere.
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Selling a poor investment at a loss, guarantees you that loss. Hoping to re invest for a gain could also yield a further loss.

That makes you a loser TWICE.

With the volatility in Crypto, risk aversion should be a priority. Selling at a loss in hope to re invest into a gain is risky business.

I have refused to sell at a loss on a couple of coins even though I'm still overall up. Is this a stupid strategy? Possibly.

No one has a crystal ball in here, so we should be working collaboratively rather than trying to out do one another.

I'm bullish, that we are currently witnessing a slow return back into a positive Crypto market.
 
Pea Nut said:
LOL. Fact is you were carrying on about how there has been so much bad advice posted here, yet you managed to tell someone to sell the absolute bottom and get out as a strategy. There's simply no denying that. And it's by far the worst piece of advice ever posted in this thread !! And he never said he bought any Tron. You randomly brought it up. Dollar cost averaging down during the dip in any alts would basically see you close to even right now, even if you first bought in January. And no doubt you will be proven wrong again with your stance that we won't see another bull run like the one seen in Q4 last year. Look at what the alt coins have done in the last 2 weeks.
Click to expand...

Sitting around hoping whales have had enough of taking your money and are ready to start again is not a fantastic strategy in this climate.

I'll dot point it. I mean no offence to your intelligence.

1. You need to understand the difference between advice and options (I provided three of the latter and zero of the former).
2. You needed to read past point 1. Point 2 described accurately exactly what we're seeing now (a microscopic, non adoption related recovery).
3. I've already stated I don't advise ANYONE I don't know to average in or swing trade to make up their severe crypto losses.
4. Tron was just an example. Take any coin and apply it.
5. We've seen Funfair recover from 4cents to 6cents after an all time high of 35cents and you're bullish? It did absolutely nothing to justify that it was oversold. It's simply benefiting from it's faux pumped BTC pairing. We will not see a bull run like Q4 last year ever, ever again. You won't see people happily losing their life savings in vapourware and shelling out that sort of money into unregulated ICO P&D scams. There is simply no reason to justify paying those ATH's for projects that do not provide value. Why would you?
6. I definitely think some crypto projects will 'make it'. However even if they do their values now are still grossly over inflated. These are tokens/coins. Not shares.

Today, if you purchased 40 bitcoins at ATH you'd still be down $600,000 in 3 months. Cause for celebration? Pop the champagne? This 2 week run has been a concerted effort from a few large holders and has nothing to do with adoption or coin value...are you going to fall for it again?

That's probably they last I can be bothered to do for you. Beyond this I have to assume you purchased a horde of Bitcoin Cash at $5,000 and are hoping to hive mind others into recovering your losses.
 
bomberjez said:
Sitting around hoping whales have had enough of taking your money and are ready to start again is not a fantastic strategy in this climate.

I'll dot point it. I mean no offence to your intelligence.

1. You need to understand the difference between advice and options (I provided three of the latter and zero of the former).
2. You needed to read past point 1. Point 2 described accurately exactly what we're seeing now (a microscopic, non adoption related recovery).
3. I've already stated I don't advise ANYONE I don't know to average in or swing trade to make up their severe crypto losses.
4. Tron was just an example. Take any coin and apply it.
5. We've seen Funfair recover from 4cents to 6cents after an all time high of 35cents and you're bullish? It did absolutely nothing to justify that it was oversold. It's simply benefiting from it's faux pumped BTC pairing. We will not see a bull run like Q4 last year ever, ever again. You won't see people happily losing their life savings in vapourware and shelling out that sort of money into unregulated ICO P&D scams. There is simply no reason to justify paying those ATH's for projects that do not provide value. Why would you?
6. I definitely think some crypto projects will 'make it'. However even if they do their values now are still grossly over inflated. These are tokens/coins. Not shares.

Today, if you purchased 40 bitcoins at ATH you'd still be down $600,000 in 3 months. Cause for celebration? Pop the champagne? This 2 week run has been a concerted effort from a few large holders and has nothing to do with adoption or coin value...are you going to fall for it again?

That's probably they last I can be bothered to do for you. Beyond this I have to assume you purchased a horde of Bitcoin Cash at $5,000 and are hoping to hive mind others into recovering your losses.
Click to expand...
More passive aggressive bullshit, what a surprise. No I didn't purchase Bitcoin Cash, nor anything else for that matter at all time highs. I'm not that stupid. Let's just see how the rest of the year plays out. As of today Crypto's 380 billion dollar market cap is massively overvalued according to you. How many short positions do you hold ?? It sounds like plenty. Let's see where the market cap is on December 31, 2018 and if you get awarded DH post of the year shall we ??
 

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Stating the obvious, favourite coin is DigiByte (DGB)

But here are a few I've added to portfolio that have really caught my attention

DistrictOx(DNT)

Matchpool(GUP)

Ripio(RCN)

WeTrust(TRST)

Wings(WINGS)

All those coins will soon moon hardcore
 
Gigantic said:
Anyone on BAT?

Could be the type of tech that gets around the new data protection laws in EU putting significant restrictions on companies collection of personal information. These data protection laws affect ALL companies globally, not just those incorporated in the EU, so long as the companies are dealing with the data of EU citizens. Based on my understanding of BAT and Brave, it doesn't accumulate data of its users per se. Someone correct me if I'm wrong?

And also they partnered with Dow Jones Media Group, which explains it's massive hike. Just the type of news I've been waiting for!
Click to expand...

I used to have a fair few. Sold half my stack for other opportunities but still holding a decent chunk. I just wish they'd sort out their desktop browser, it's too glitchy and has been for some time now.
 
superfraser said:
The advice was fine. This dude doesn't have a crystal ball, nor do you. There was no guarantee that things picked back up.

Selling a poor investment at a loss enables you to reinvest elsewhere. Dollar cost averaging is risky as hell in a volatile market like this, and depending on the timing and the percentages invested, you could have lost / made significant money. There is no guarantee that you're now close to even now.

You should look up Loss Aversion, if you're unfamiliar with it. The advice given was at peace with making a loss on a poor / risky investment.

Ultimately, if you're taking advice from someone you don't know on an internet forum, without doing your own research, good luck to you.
Click to expand...
If you've bought in to a crypto project and held through a 3 month down trend/bear market, and didn't have a pre-set stop loss, then you must have invested in a project that you truly believe in long term. That, or you just gambled some money because you heard of other people making a lot of money in crypto and didn't know what you were doing. Hopefully it was option number 1. One thing that many could learn from the post in question though, is when market sentiment is at it's worst, and everyone is saying that the market is dead, it's over, won't ever see that again, is the time to buy, not sell.
 
bomberjez said:
Sitting around hoping whales have had enough of taking your money and are ready to start again is not a fantastic strategy in this climate.

I'll dot point it. I mean no offence to your intelligence.

1. You need to understand the difference between advice and options (I provided three of the latter and zero of the former).
2. You needed to read past point 1. Point 2 described accurately exactly what we're seeing now (a microscopic, non adoption related recovery).
3. I've already stated I don't advise ANYONE I don't know to average in or swing trade to make up their severe crypto losses.
4. Tron was just an example. Take any coin and apply it.
5. We've seen Funfair recover from 4cents to 6cents after an all time high of 35cents and you're bullish? It did absolutely nothing to justify that it was oversold. It's simply benefiting from it's faux pumped BTC pairing. We will not see a bull run like Q4 last year ever, ever again. You won't see people happily losing their life savings in vapourware and shelling out that sort of money into unregulated ICO P&D scams. There is simply no reason to justify paying those ATH's for projects that do not provide value. Why would you?
6. I definitely think some crypto projects will 'make it'. However even if they do their values now are still grossly over inflated. These are tokens/coins. Not shares.

Today, if you purchased 40 bitcoins at ATH you'd still be down $600,000 in 3 months. Cause for celebration? Pop the champagne? This 2 week run has been a concerted effort from a few large holders and has nothing to do with adoption or coin value...are you going to fall for it again?

That's probably they last I can be bothered to do for you. Beyond this I have to assume you purchased a horde of Bitcoin Cash at $5,000 and are hoping to hive mind others into recovering your losses.
Click to expand...
dude no-one gives a shit about your opinion. Where were you during the bull run last year? Nowhere to be seen. Then the market undergoes a massive correction you come in here as a hindsight hero preaching like some bloody expert. Your know-it-all schtick is really old and the only contribution youve given to this thread is "I told you so". Yeah great mate.
 
bomberjez said:
Very carefully calculated and executed so far.
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YippeeYiYeo said:
dude no-one gives a shit about your opinion. Where were you during the bull run last year? Nowhere to be seen. Then the market undergoes a massive correction you come in here as a hindsight hero preaching like some bloody expert. Your know-it-all schtick is really old and the only contribution youve given to this thread is "I told you so". Yeah great mate.
Click to expand...

That post there tells you all you need to know about this idiot !! He posted that shit after that random $1000 BTC upward move that came out of nowhere and no one saw coming. A know it all DH with a massive ego !!
 

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Fireballs said:
Any ico's/pre-sales coming up that people are bullish on ?

I really like Quarkchain but will be hard getting in on the pre-sale.
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Codex Protocol and Atonomi. Codex had a private sale though so caution/waiting advised. Atonomi I believe same boat. Both look like great projects though, imo.
 
Kadena (scaling) and Radix (taking on blockchain itself) also keeping an eye on, more for launch stage.

Yeah and Quark is very much closed doors from what I can gather.
 
Quixote said:
Kadena (scaling) and Radix (taking on blockchain itself) also keeping an eye on, more for launch stage.

Yeah and Quark is very much closed doors from what I can gather.
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Yeah I just found out pre-sale is sold out (but not for Ian .. they let him in after it sold out)

HybridBlock are set to announce the date of their token sale tonight .. I got in on the pre-sale but I will be throwing a few more ETH at it in crowdsale.

Also just filled some more CPChain bags .. working towards having enough for a masternode.
 
Nebula1971 said:
Selling a poor investment at a loss, guarantees you that loss. Hoping to re invest for a gain could also yield a further loss.

That makes you a loser TWICE.

With the volatility in Crypto, risk aversion should be a priority. Selling at a loss in hope to re invest into a gain is risky business.

I have refused to sell at a loss on a couple of coins even though I'm still overall up. Is this a stupid strategy? Possibly.

No one has a crystal ball in here, so we should be working collaboratively rather than trying to out do one another.

I'm bullish, that we are currently witnessing a slow return back into a positive Crypto market.
Click to expand...
Good rational investment (economic) thinking would ignore any sunk costs(or in this case, the original price) of an investment. It is a stupid strategy if you think your investment is going down the drain and you still invest more and more time/money into it because you don't want to write down a loss.

The decision to sell/buy should be based on one thing. That is what YOU expect to happen in x time. It should not be on what you bought it for or anything related to that matter. But none of us are rational thinkers

ps Just because you don't agree with his rationale, doesn't make his thinking the worst of all time. You don't have a clue what the bottom is. you are looking at a graph and making a guesstimate. People on this thread have been calling people to buy "because it is at the bottom" for the last 2 months. You can try and predict the future but well, good luck.
 

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