Cryptocurrency mega-thread

[KingNothing]

Verge’s utterly ******ed marketing strategy of “no official statements and just a few passive aggressive tweet replies from the dev” might actually pay off.

They are absolutely killing it in terms of twitter exposure, almost 40% of crypto related chat.

If Wraith is everything they say it is things are about to get hectic.

Aaaand if it isn’t I’ll bail with between 200-300% profit

 

[Summer Nights]

That is just unbelievable that Sth Korea was allowing anonymous accounts in the first place. No KYC customer onboarding with a dangerous nation just a stone’s throw over the border seeking to finance their nuclear weapons? Holy heck.

 

[Chubberson]

That is just unbelievable that Sth Korea was allowing anonymous accounts in the first place. No KYC customer onboarding with a dangerous nation just a stone’s throw over the border seeking to finance their nuclear weapons? Holy glory be.

Now more information has come to light it appears its not all doom and gloom after all, who'd have thunk it. Anonymous accounts is ridiculous.

 

[ash_1050]

A bit early to say bitcoin will fail because the tech won't.

The tech has already become dated and pointless, that's why there's 175,000 pending unprocessed transactions, ridiculously high fees for transactions and enormous amounts of power used by mining pools because it requires a proof of work concept to function.

 

[WeetBixKid]

No it's the same here as in we are taxed on coin to coin trades...

Where are you getting this? I can't be arsed pulling up the tax code, but from memory it was pretty clear that you only pay tax once you convert to fiat

 

[Chubberson]

The tech has already become dated and pointless, that's why there's 175,000 pending unprocessed transactions, ridiculously high fees for transactions and enormous amounts of power used by mining pools because it requires a proof of work concept to function.

Heard of innovation and improvement. Even if BC fails, crypto won't. I personally don't hold BC anymore, just don't get all armageddon us.

 

[DangerSloane]

Heard of innovation and improvement. Even if BC fails, crypto won't. I personally don't hold BC anymore, just don't get all armageddon us.

I think he means BC and not Crypto in general.
Dont think he'd be here if he had that view.

 

[Chubberson]

Most people serious about crypto know BC's limitations so I guess it really remains to be seen if it will be a success as a store of value.

 

[Summer Nights]

Most people serious about crypto know BC's limitations so I guess it really remains to be seen if it will be a success as a store of value.

My guess is it probably won’t remain a store of value. If you compare it to gold, which has limited substitutes and doesn’t require any maintenance, bitcoin falls short. Bitcoin has superior substitutes and is more easily lost or destroyed. I just can’t see it being as much/more in 50 years like land or gold or other digital assets will be.

 

[woota]

The tech has already become dated and pointless, that's why there's 175,000 pending unprocessed transactions, ridiculously high fees for transactions and enormous amounts of power used by mining pools because it requires a proof of work concept to function.

These problems may be solvable with the lightning network. Realise that Bitcoin is still a work in progress before you call the tech "dated and pointless".

 

[YippeeYiYeo]

Ripple could possibly break through $2 today. The depth chart looks like a green monster about to swallow a cherry whole.

 

[L_W_P]

Ripple could possibly break through $2 today. The depth chart looks like a green monster about to swallow a cherry whole.

Hoping I can clear through my deposit and get in on this before it gets too far out of control! BTC Market doing my head in with the time it takes haha

 

[typeclub]

I'm never selling my Bitcoins. My new money goes into Alt-coins and the profits are for accumulating more Bitcoin.

 

[Golden_6]

I own about $1000 worth of Ripple and Litecoin each and have $500 ready to buy some more once BTC Markets. As there isn’t much variety, what should I buy with the $500?

 

[juss]

what's the liquidity and fees like? seems like an easy arbitrage

Have a mate who is making $800 a day on calculation by arbitrage trading. But he is trading $10k AUD value trades to get that. $800 profit a day is what he ends up with after all fees and taxes are taken into account.

Good money, but he has to be on exchanges all day.

 

[juss]

I own about $1000 worth of Ripple and Litecoin each and have $500 ready to buy some more once BTC Markets. As there isn’t much variety, what should I buy with the $500?

Buy the best coin that suits your strategy.
Day trade: buy on dump sell on pump, there are hundreds of coins you can do this with.
Hodl long term: look for coins with real world utility and a good product behind them, that will be the most viable once people dump all the shitcoins one day

If someone gives you the coin answer, they are only predicting/guessing too. If anyone knew for sure, theyd be millionaires.

Do a bit of research, will help you heaps with either strategy.

 

[DangerSloane]

I own about $1000 worth of Ripple and Litecoin each and have $500 ready to buy some more once BTC Markets. As there isn’t much variety, what should I buy with the $500?

Transfer it to an exchange where you can buy a different ones? Like binance

 

[DangerSloane]

Buy the best coin that suits your strategy.
Day trade: buy on dump sell on pump, there are hundreds of coins you can do this with.
Hodl long term: look for coins with real world utility and a good product behind them, that will be the most viable once people dump all the shitcoins one day

If someone gives you the coin answer, they are only predicting/guessing too. If anyone knew for sure, theyd be millionaires.

Do a bit of research, will help you heaps with either strategy.

This.
I work in financial markets. People say whats a good stock i should buy or whats the AUD going to do...

My answer: If I knew that I wouldnt be working...

 

[tigertigertiger]

Anyone in possession of a Monaco card yet? Seems to have some perks, gets you free access to airport lounges, over 900 of them, Monaco coin credits as well when you use the card. more benefits will be announced over the next couple weeks on Monaco card twitter

 

[L_W_P]

Ripple @ 1.97

Gonna see that $2 barrier broken today?

 

[Mercurial89]

I had been using coinspot since July this year just because of the ease of use. I justified the high costs with the simplicity of it all.
Well with the coinspot drama and people struggling to get money into the crypto market i branched out and started looking around.

Im now signed up with binance, cryptopia, coinspot, btc markets and Kucoin. Its easy for me because i already had money in crypto but for those that are looking at getting access to projects earlier i found kucoin and binance the best. Id highly reccomend those that are struggling with coinspot deposits and verifications to do research and look elsewhere, even for your own learning. Im really happy this whole thing happened to be honest because i realize now how silly i was being doing what i was doing.

Ive always been a long time holder, ive held Dash from back when it was darkcoin, which is how i made the majority of my money. Recently ive picked up a few coins as speculative short term stuff, REQ, Ember, SUB and Bounty to name a few.

Bounty is one that Ive really liked that has gone on a tear lately.
https://bounty0x.io/whitepaper.pdf
for some more info on the project. Appears to be Reddits new darling coin after Req.

Also Kucoin have their own token to save on fees and with other benefits, similar to binance and are a rapidly gaining users and publicity. My referral link is below if people are interested in signing up. No verification process.
https://www.kucoin.com/#/?r=1dhMb

 

[tigertigertiger]

Ripple @ 1.97

Gonna see that $2 barrier broken today?

wasn't meant to hit $1 until next year according to the "experts" so I expect a ripple price of $1000 in 6 months

 

[L_W_P]

wasn't meant to hit $1 until next year according to the "experts" so I expect a ripple price of $1000 in 6 months

I wont be upset if that happens...

 

[L_W_P]

Ripple just teasing... Sitting at 1.99

Going to explode in Q1

 

[tigers47]

No

I wont be upset if that happens...

no more dunny diving if that happens