Cryptocurrency mega-thread

[craffles]

Starting to move my assets around now creating space for buying. Great time to buy some alts right now IMO. Got offers in for XLM, XRB, VEN, and more TRX. Would have preferred DGB though but I'm not verified on Bittrex...

Might also drop another 5k into an exchange and look at XRP but not sure yet.

I bought my DGB thru coinspot but their fees are a bit of a killer

 

[lewigie]

INS has big IBM and Harvard and Goldman Sachs logos on their site. It'll go up on hype on that alone you'd assume.

Just gotta find coins with good (potentially good, credentialed) management and they'll get pumped . I can't see INS being 'disruptive' immediately or within the first three years. But it atleast has the potential to make money and actually meet the value of its coin price unlike a hell of a lot of other cryptos that have pie-in-the-sky plans

 

[lewigie]

There aren't many exchanges out there that allow bank deposits with low fees/actually good exchange rates are there??

BTCmarkets does but their exchange is pretty poor. Coinbase is like 2-300$ less, but you can only pay with credit card up to like 300$ a week which is frustrating

 

[free at last]

Because the space is still monopolised. Simple as. I don't know if the company will be successful in the long-term, but IMO it's a 10 bagger within 3 months and that's being cautious.

I could be completely wrong. But we'll see.

INS has a low token circulation supply too...I thinks it's around 40m

 

[free at last]

INS has big IBM and Harvard and Goldman Sachs logos on their site. It'll go up on hype on that alone you'd assume.

Just gotta find coins with good (potentially good, credentialed) management and they'll get pumped . I can't see INS being 'disruptive' immediately or within the first three years. But it atleast has the potential to make money and actually meet the value of its coin price unlike a hell of a lot of other cryptos that have pie-in-the-sky plans

Agreed,no pie-in-the-Sky stuff.
A lot of marketing & a change in the way we traditionally buy our groceries(will take time as you say )...Hard evidence of great cost savings to the consumer & producer and great service,INS should do really well imo.

 

[PP34]

INS has big IBM and Harvard and Goldman Sachs logos on their site. It'll go up on hype on that alone you'd assume.

Just gotta find coins with good (potentially good, credentialed) management and they'll get pumped . I can't see INS being 'disruptive' immediately or within the first three years. But it atleast has the potential to make money and actually meet the value of its coin price unlike a hell of a lot of other cryptos that have pie-in-the-sky plans

Where will it be available for purchase?

 

[Chubberson]

Privacy, what is it worth. I can't embed the video. Visit the BAT reddit forums and watch the video. Very interesting video on how facebook collects ALL your data and sells it.

 

[tigertigertiger]

I keep seeing ads for an ico called storiqa

Anyone like this?


https://crowdsale.storiqa.com/

 

[GAsnr]

Brendan Bernstein suggests that perhaps the altcoin craze is due for a touchup, and it might be time to reinvest in fundamentally strong positions.

https://www.coindesk.com/weathering-altcoin-shitstorm-investing-next-one/

However, given:

"It seems ridiculous to say, but the cheaper the asset, the greater the chance of a return. And when I said cheap, I'm not referring to a fundamental measure of value like a value investor would (P/BV, P/E, etc). I'm referring to its price.

A chart of returns over the past seven days paints this picture. There's a direct negative correlation between the price of the token and return."

Seems just as easy to keep picking the cheaper alts and hoping one of them connects with the mainstream investor.

 

[DangerSloane]

Brendan Bernstein suggests that perhaps the altcoin craze is due for a touchup, and it might be time to reinvest in fundamentally strong positions.

https://www.coindesk.com/weathering-altcoin-shitstorm-investing-next-one/

However, given:

"It seems ridiculous to say, but the cheaper the asset, the greater the chance of a return. And when I said cheap, I'm not referring to a fundamental measure of value like a value investor would (P/BV, P/E, etc). I'm referring to its price.

A chart of returns over the past seven days paints this picture. There's a direct negative correlation between the price of the token and return."

Seems just as easy to keep picking the cheaper alts and hoping one of them connects with the mainstream investor.

Thats what I'm doing.
Scattergun approach. Hope 1 or 2 take off, and inevitably 90% of them will fail.

 

[FrankGrimes]

XRP smashed today.... down almost 30%

 

[Mercurial89]

Because the space is still monopolised. Simple as. I don't know if the company will be successful in the long-term, but IMO it's a 10 bagger within 3 months and that's being cautious.

I could be completely wrong. But we'll see.

Any decent communities on reddit or discord talking about this one? Official sub appears very quiet

 

[Duritz]

Glad I didn’t stay out of ETH too long.

 

[Deliverance]

Have you had a look at the coin and the business model? The people behind it?

I get your joke, I know there's a cult-ish mentality when it comes to this stuff, but I haven't found a coin that I believe fills a need and has a solid team backing it than this one.

The thing that stumps me with XLM is, why the massive jump recently? The IBM announcement was in October and there was barely a blip? What's changed?

 

[DangerSloane]

The thing that stumps me with XLM is, why the massive jump recently? The IBM announcement was in October and there was barely a blip? What's changed?

Everyone trying to buy the 'penny stocks' to go big quickly?

 

[Kadog]

Just bought a chunk of XRP on the dip. Gonna HODL this one.

 

[YippeeYiYeo]

Thats what I'm doing.
Scattergun approach. Hope 1 or 2 take off, and inevitably 90% of them will fail.

I've decided that 15% of my investment will be for buying newly added coins and seeing where they go. Most of them are shit but if you pick a deepbrainchain you are laughing.

 

[typeclub]

Brendan Bernstein suggests that perhaps the altcoin craze is due for a touchup, and it might be time to reinvest in fundamentally strong positions.

https://www.coindesk.com/weathering-altcoin-shitstorm-investing-next-one/

However, given:

"It seems ridiculous to say, but the cheaper the asset, the greater the chance of a return. And when I said cheap, I'm not referring to a fundamental measure of value like a value investor would (P/BV, P/E, etc). I'm referring to its price.

A chart of returns over the past seven days paints this picture. There's a direct negative correlation between the price of the token and return."

Seems just as easy to keep picking the cheaper alts and hoping one of them connects with the mainstream investor.

The bubble IMO is the rush of investors into really low priced alts in the top 50 market cap, that are not paying attention to its supply and moving on hype, and what seems like price of the coin. Even though this market is not very old and establishes its own fundamentals compared to other markets there are still some trends that have been completely ignored since the start of December.

For example I got on the Ripple movement from 60c but I got off at 1.50. I am really happy as people here made way more gains on it but I see it as risky going further. Same with XLM. Have to be really careful when you enter the market at a time when long term trends are thrown out and a rush of new investment comes in that you might think its normal, you have to be wary IMO.

 

[GAsnr]

there are still some trends that have been completely ignored since the start of December.

What trends in your opinion?

you have to be wary IMO.

I'm wary of it all in general. There's a distinct inverse relationship in price of crypto to its return over the short term, which could suggest a number of things I guess. Hype, pump and dump etc on the one hand, or if looking at it from the higher priced tokens then perhaps people are starting to think that the market is just genuinely overpriced?

 

[Quixote]

The bubble IMO is the rush of investors into really low priced alts in the top 50 market cap, that are not paying attention to its supply and moving on hype, and what seems like price of the coin. Even though this market is not very old and establishes its own fundamentals compared to other markets there are still some trends that have been completely ignored since the start of December.

For example I got on the Ripple movement from 60c but I got off at 1.50. I am really happy as people here made way more gains on it but I see it as risky going further. Same with XLM. Have to be really careful when you enter the market at a time when long term trends are thrown out and a rush of new investment comes in that you might think its normal, you have to be wary IMO.

Isn't this just another way of saying, invest in what you believe in?

 

[typeclub]

What trends in your opinion?


I'm wary of it all in general. There's a distinct inverse relationship in price of crypto to its return over the short term, which could suggest a number of things I guess. Hype, pump and dump etc on the one hand, or if looking at it from the higher priced tokens then perhaps people are starting to think that the market is just genuinely overpriced?

Ignoring the supply and pumping coins that were cheap. There's always shitcoin hype but it was unusual to see huge pumps on some coins that have the ability to print a billion more.

I don't think the market is overpriced but some low price altcoins that were pumped are. Long Eth, short Ripple IMO.

 

[YippeeYiYeo]

RED

 

[Mercurial89]

Ignoring the supply and pumping coins that were cheap. There's always shitcoin hype but it was unusual to see huge pumps on some coins that have the ability to print a billion more.

I don't think the market is overpriced but some low price altcoins that were pumped are. Long Eth, short Ripple IMO.

Something has definitely gone wrong in the last 2 months.

I remember looking at coins like Doge and Reddcoin when I was learning and reading these on reddit as jokes/shitcoins and basically the very essence of what people originally bagged crypto currency for - being magical fake internet money.

Fast forward to now and coins such as these are sitting at 2c when there are billions floating around. I could earn 5-7 doge from a faucet just 1 month ago. now you are getting .2.
Its unsustainable, and people are going to be really really overexposed when the correction comes.

 

[SizeMatters]

I'm just buying more and more... and losing more and more. Stuck in a HODL for the next year but both XLM and TRX have great future IMO especially if TRX does get real backing from the chinese government. Probably wont though.

 

[cryptor]

Something has definitely gone wrong in the last 2 months.

I remember looking at coins like Doge and Reddcoin when I was learning and reading these on reddit as jokes/shitcoins and basically the very essence of what people originally bagged crypto currency for - being magical fake internet money.

Fast forward to now and coins such as these are sitting at 2c when there are billions floating around. I could earn 5-7 doge from a faucet just 1 month ago. now you are getting .2.
Its unsustainable, and people are going to be really really overexposed when the correction comes.

Agreed. I look at some coins and I think the problems they're trying to solve are worthwhile, but question why a lot of them need to have their own currency to do it.