Cryptocurrency mega-thread

[jezzajay]

Patience is the key here... you bought into the coin because you saw something in it...enough to invest in it. Unless something happened to give you a reason to sell/trade - HOLD!!!

 

[Pea Nut]

Nope, lost money on that trade. I made a bit from where I moved it, but definitely not x3! I did the same ******* thing with 0x too.

Damn dude. That's brutal

 

[Pea Nut]

Heard it first here. Litecoin $9,000 by years end.

Bookmark it now.

Ps now don’t ask me why. Lol

This got something to do with it ??

 

[WeetBixKid]

Patience is the key here... you bought into the coin because you saw something in it...enough to invest in it. Unless something happened to give you a reason to sell/trade - HOLD!!!

Yeah, I've held BAT since .18 & watched it go down to .10 so hanging in there is def my usual strategy. I wanted to diversify more & moved some of that into 0x, then WTC. One night I was drinking & got the bright idea to instead use that money to try daytrade. Never again. You never know when the next moon mission is right around the corner.

 

[free at last]

Yep. I really liked the idea, & had a decent chunk in there about 10 days ago. Thought there were better opportunities though so I sold low

Vechain is super solid too.
Vechain v Waltonchain both Chinese owned...WTC spiked Hard as it signed a deal with China Mobile.
I wouldn't be surprised to see WTC at $1000.00 at the end of the year,low circulation too.

 

[tigertigertiger]

Anyone else having bpay problems with coinspot? Only 1 of last three deposits has gone through for me and it was the second one

 

[maryjames]

I’m tipping it might crack $1,000 by the end of the year. Long term hold for me.
Might keep loading up on it.


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$1,000 is way to conservative to me. Only coz what I have witnessed over time with litecoin & how many people are jumping on crypto.

This got something to do with it ??

That’s one aspect. But big things are coming.

 

[ash_1050]

Time for my daily FUD post, a great article titled 'Why and how the Cryptobubble will burst'. The main crux of the article can be found below:

The likeliest scenario is that the two elephants in the room (US, EU) issue some sort of regulatory framework for ICOs and cryptoassets in general. I expect them to distinguish between pure network token or cryptocurrencies (which will likely include Bitcoin, Ethereum and some others) and security token. Almost all of the existing ICO space will firmly fall under the security token regulations. (Edit: SEC chairman Clayton: “I have yet to see an ICO that doesn’t have a sufficient number of hallmarks of a security.”, Wall Street Journal Nov 9 2017)

As a result, all major exchanges that have any kind of human owners, developers or known actors will be mandated to de-list all of these security token with immediate effect and they will follow this order. As for decentralized exchanges, given the trade in these token will be illegal and the projects that sold them might well have to refund investors, I am not so sure these are the way out that solves everything.

 

[ash_1050]

The crypto market is due for a big correction, we're in the 'fear' phase right now. Using my beloved Ripple as an example here's May's boom and December's boom. Notice the similarity? My advice either sell now or be prepared to hold 6+ months for the cycle to repeat.

 

[cryptor]

The crypto market is due for a big correction, we're in the 'fear' phase right now. Using my beloved Ripple as an example here's May's boom and December's boom. Notice the similarity? My advice either sell now or be prepared to hold 6+ months for the cycle to repeat.

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Not saying you're wrong here, because you could very well be right.

But it's human nature to try and find patterns in things (especially things like this) in attempt to rationalise the unknown. I can just as easily apply your first graph to just our current situation with Ripple in December in such a way to illustrate that we've gone through the whole cycle already.


And I'm sure after enough time has passed you could probably zoom out really far to the point where it then looks like December was only the "first sell off" point and what happened back in May is just noise.

 

[ash_1050]

Not saying you're wrong here, because you could very well be right.

But it's human nature to try and find patterns in things (especially things like this) in attempt to rationalise the unknown. I can just as easily apply your first graph to just our current situation with Ripple in December in such a way to illustrate that we've gone through the whole cycle already.

Absolutely, we have an innate desire to feel smarter than the average bear when it comes to things like this, especially crypto. The last 50 pages are people listing their hot tips for coins and trying to time the market to get maximum returns like they have a clue. At the end of the day we'd probably be better off rolling a pair of dice and using that for our predictions but there's much more fun being able to say 'I told you so' if you've got the statement written out in advance

 

[Pea Nut]

Time for my daily FUD post, a great article titled 'Why and how the Cryptobubble will burst'. The main crux of the article can be found below:

The likeliest scenario is that the two elephants in the room (US, EU) issue some sort of regulatory framework for ICOs and cryptoassets in general. I expect them to distinguish between pure network token or cryptocurrencies (which will likely include Bitcoin, Ethereum and some others) and security token. Almost all of the existing ICO space will firmly fall under the security token regulations. (Edit: SEC chairman Clayton: “I have yet to see an ICO that doesn’t have a sufficient number of hallmarks of a security.”, Wall Street Journal Nov 9 2017)

As a result, all major exchanges that have any kind of human owners, developers or known actors will be mandated to de-list all of these security token with immediate effect and they will follow this order. As for decentralized exchanges, given the trade in these token will be illegal and the projects that sold them might well have to refund investors, I am not so sure these are the way out that solves everything.

And if companies like Kodak that are already basically broke continue to come out and announce that they are releasing a cryptocurrency it will happen sooner rather than later. One point on that topic that I found interesting is that Kodak saw their stock price double on the back of announcing they were releasing a cryptocurrency. Does that mean that if every company listed on the stock market decided to release their own crypto, their prices would also double, meaning that the stock market is currently massively under-valued ?? Interesting times.

 

[Embleberry]

Was anyone on Walton. Not one I have seen many mention. Some big announcements made in the last day or so and has seen huge growth since. Apparently more announcements to be made shortly. Have real world applications that are ready to be implemented.

I'm holding a small bag. Happy that one of my good projects is finally kicking on after passing on a lot of shitcoins and P&D coins and watch those gains fly by

 

[YippeeYiYeo]

i dont get any joy out of saying i told you so. I just want to get rich with all the other posters in this thread

I would be very surprised if there is a drop like in the first graph. All the exchanges are upgrading their infrastructure so they can handle the hundreds of thousands of new investors that want to put their money in this market. Anyway im in this at least for 18 months. So far most of these cryptos are just potential and dont even have a working product. When something like Cardano actually starts doing what its being hyped for its price could explode.

 

[maryjames]

Yeah those charts have always been right when it comes to crypto. Lol..

So much more trillions to go into crypto in the coming year..

 

[cryptor]

Absolutely, we have an innate desire to feel smarter than the average bear when it comes to things like this, especially crypto. The last 50 pages are people listing their hot tips for coins and trying to time the market to get maximum returns like they have a clue. At the end of the day we'd probably be better off rolling a pair of dice and using that for our predictions but there's much more fun being able to say 'I told you so' if you've got the statement written out in advance

I appreciate the voices of reason here. When it’s all just crypto memes and hype I start to feel like I’m in the middle of a scheme that could go up in smoke any second. We should all continue to question (as you have) the idea that this is all just going to continue to make us money indefinitely.

 

[tigers47]

Patience is the key here... you bought into the coin because you saw something in it...enough to invest in it. Unless something happened to give you a reason to sell/trade - HOLD!!!

Sound advice

 

[YippeeYiYeo]

I appreciate the voices of reason here. When it’s all just crypto memes and hype I start to feel like I’m in the middle of a scheme that could go up in smoke any second. We should all continue to question (as you have) the idea that this is all just going to continue to make us money indefinitely.

cmon peeps. This correction only started 6 days ago. The December 21st correction took until Jan 2nd until the marketcap got back to its original point. Thats 12 days. The only annoying thing right now is i dont have any extra cash lying around to buy right now. QTUM and Ripple down 40% for the week... thats a hell of a discount. About the only move i could do right now is sell off some Neo and buy some of the above, but man Neo has been like a rock for me since i got it after Xmas. Doesnt get much love in youtube videos or even on here but its the one alt i wish i had more of.

 

[Quixote]

COBINHOOD will be a solid exchange. No fees will bring people across. I’m going to give it a bit of time before I jump in all guns blazing. I have an account though.


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Bitfinex, Cobinhood, Binance, ETC, one thing they all have in common is shitting all over Bittrex, which is dogs balls.

 

[Quixote]

Yep. I really liked the idea, & had a decent chunk in there about 10 days ago. Thought there were better opportunities though so I sold low

Oh **** the lord.

 

[PP34]

cmon peeps. This correction only started 6 days ago. The December 21st correction took until Jan 2nd until the marketcap got back to its original point. Thats 12 days. The only annoying thing right now is i dont have any extra cash lying around to buy right now. QTUM and Ripple down 40% for the week... thats a hell of a discount. About the only move i could do right now is sell off some Neo and buy some of the above, but man Neo has been like a rock for me since i got it after Xmas. Doesnt get much love in youtube videos or even on here but its the one alt i wish i had more of.

People are just saying to exercise caution.

It’s completely ridiculous if you just think crypto will be such a big money maker for infinity.

It’s the sort of logic many newcomers to the crypto world are coming in with and it’s scary that many are now thinking this way.

It doesn’t hurt at all to exercise caution.

 

[Cockwomble]

The vast amount of people either have no idea about block chains or are buying all the FUD, potential it massive. We think in an Aussie mind set but factor in the billions of people in other countries. We live in a world which is in a quadrillion of debt..

 

[Duritz]

Surely there has to come a time when it the cost of mining BTC is too great, and so people begin to stop doing it. As this happens the transaction time will grow, making it unappealing as a currency, and therefore the price begins to fall. Now if the price begins to fall this makes it even more unappealing to mine, which makes it a vicious cycle. If this happens BTC could collapse like a building being demolished.

 

[PP34]

The vast amount of people either have no idea about block chains or are buying all the FUD, potential it massive. We think in an Aussie mind set but factor in the billions of people in other countries. We live in a world which is in a quadrillion of debt..

That’s what’s scary to me. I’ve seen posts on different places with people happily stating they’ve put all their savings into crypto or taken out credit card loans to buy coins.

It’s just sheer stupidity.

 

[Duritz]

That’s what’s scary to me. I’ve seen posts on different places with people happily stating they’ve put all their savings into crypto or taken out credit card loans to buy coins.

It’s just sheer stupidity.

I’ve accessed my children’s savings accounts they deposit into at school.