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Cryptocurrency mega-thread

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ash_1050 said:
Duritz it's morning, are you a millionaire yet? :D
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I will be by years end sir. BTC will collapse this year, costs of mining too great, ETH will take over and the position I have taken on ETH/BTC is already in the green, when BTC collapses to $1 USD or so and ETH soars to $10k USD it'll be worth millions.
 

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ash_1050 said:
Was having a conversation with a friend, thought I'd cross post it to provide a better perspective on why I'm being overly negative a lot in this thread. It's not because I doubt crypto, it's because I don't want to see people getting burned.

There's plenty of people promising the world with crypto at the moment, so it's good to present a counter point and play devil's advocate to help people make better informed decisions. I still think the market has an enormous lot of potential but it will be a wild ride in 2018.

The market cap went from $15.3 billion to a peak of $820 billion in a year. Can that happen again? Yes, it's likely IMO that the cap will hit $1.6 trillion this year but the problem is the percentage returns. Last year $820 billion increase netted an average increase of 5359%, meaning anyone who tipped money into crypto prior to Jan 2017 made decent money.

Now the issue is that a lot of people are hearing about these 'amazing returns' and want to get in on it for themselves with limited research and even less understanding of what they're investing in. Worse still they're investing a lot more money (because everything is more expensive) to chase a gain of only 100% assuming the market keeps the same pace it did last year and adds another $820 billion. If you tipped in $2k a year ago you'd have netted on average $107180 last year. This year if you wanted to make $107180 you'd have to tip in $107180 if you think the market will double. Hence why I think it's important for people to understand the market situation has changed dramatically, you won't get the same returns as last year and you're likely to lose a lot more if it doesn't work out.
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That's definitely true, but I think there can still be huge returns if you select your projects well. Even if the market 'only' doubles, there's sure to be plenty of 10+ baggers in there.

More negatively a correction back down to a 200 billion global cap would not be at all surprising, but I'm definitely bullish & still have a decent amount invested.
 
maryjames said:
It’s insanely cheap. Always has been in my eyes. One of these days it’s going to monster.

It already had somewhat. Lol 6000% rise in a year is ok..it’s only the beginning for litecoin for mine.
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Serious question, why are you so enthusiastic about it?
 
jezzajay said:
Hey did you end up getting this trade through? I’m sure you’d be happy right now if you did!
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I didn’t. I’d rather not talk about it lol. Waiting for a dip.
I’ll be looking for a $12.50-$13.00 USD entry. I’ve signed up to Bitfinex now, so hopefully I don’t miss out on the next opportunity.

Sent from my iPhone using Tapatalk
 

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prodigy said:
I didn’t. I’d rather not talk about it lol. Waiting for a dip.
I’ll be looking for a $12.50-$13.00 USD entry. I’ve signed up to Bitfinex now, so hopefully I don’t miss out on the next opportunity.

Sent from my iPhone using Tapatalk
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I hear ya...one coin I’m spewing I didn’t jump in when I had the chance was Vechain..it was $0.21 USD when I first wanted to get in...now it’s almost $6 for crying out loud!!! There’s a few others...but I guess we all have a few of these stories...
 
silly fellow said:
Just got a handful of dgb, the transfer from HongKong kucoin to my nano took 1 sec so you can see why it’s being promoted as a good day to day transactional coin
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Wow that is fast! They make fast coin look not fast.

Would've been handy last few days to have these types of coins.

This is one of the factors of me looking to offload a fraction of my BTC as the speed of transfer isn't up to scratch to some other coins.
 

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FULL NAME ABBREV BHS
CARDANO ADA MORE DATA
ARAGON ANT HOLD
BASIC ATTENTION TOKEN BAT HOLD
BITCONNECT BCC SELL
BITCOIN CASH BCH SELL
BITCOIN BTC HOLD
BITCOIN GOLD BTG MORE DATA
CIVIC CVC HOLD
DASH DASH SELL
DECRED DCR BUY
DISTRICT0X DNT HOLD
EOS EOS BUY
ETHEREUM CLASSIC ETC HOLD
ETHEREUM ETH BUY
FUNFAIR FUN HOLD
GNOSIS GNO BUY
GOLEM GNT HOLD
LISK LSK HOLD
LITECOIN LTC SELL
IOTA MIOTA SELL
NEO NEO BUY
OMISEGO OMG BUY
POPULOUS PPT HOLD
QTUM QTUM SELL
AUGUR REP BUY
SALT SALT MORE DATA
STRATIS STRAT HOLD
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WAVES WAVES HOLD
NEM XEM HOLD
STELLAR LUMENS XLM HOLD
MONERO XMR HOLD
RIPPLE XRP SELL
ZCASH ZEC HOLD
 

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