Ethereum (or bitcoin)

Discussion in 'Money' started by DapperJong, Jun 12, 2017.

Put it out there
  1. woota

    woota Senior List

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    LOL. nobody has the time to explain all that shit here... you need to study the markets. The best thing to do: start browsing coinmarketcap.com every day to observe the prices of the various crypto currencies (prices are in USD by default, but you can change them to AUD or any other fiat currency). Click on the graph so you can actually see how the coin has performed in previous weeks/months/years. You will soon come to understand the volatility of crypto currency, and that massive fluctuations in price are normal. People who are experienced in crypto currency understand what the price of a coin generally hovers around, and they buy during a dip. They know the coin will come back up to its previous high (and continue to climb after that if it's a good long term prospect).

    What drives the price of cryptocurrency is NEWS.

    For example the price of LSK (lisk) was hovering around $4-5 USD for a long time...then news of lisk releasing their SDK (software development kit) came out, the price climbed to over $9 USD in a matter of days.
     
    Last edited: Nov 18, 2017
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  2. ash_1050

    ash_1050 Club Legend

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    How can you anticipate potential growth from a decline? How would you research it? Where to look?
    Short answer you can't. Longer answer look at upcoming releases or news around a coin and buy the rumour sell the news as with stock training.

    Why did NEO go up 35% today?
    No idea. Pick a coin or two and dedicate yourself to following it rather than trying to do technical analysis or spread yourself too thin. I'm all in on Ripple but I'm also across so much as a sneeze with it so I know what's happening at all times.

    How do you go about learning to identify when something like that will happen again?
    As with stocks there's two schools of thought, technical analysis and fundamental analysis. Find out which one you prefer. For me I'm fundamental analysis as TA seems more like reading tea leaves than actually looking at determining factors.
     
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  3. the PILL

    the PILL Club Legend

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    You're kinda throwing up old infomation which is probably understandable if you were involved with their old syntax but Russle has listened and adjusted a few things ...

    You can send coins to private wallets and other exchanges...

    You can cash out up to 5ģ which is what I'm allowed to do this very second if i want too on any coin i own... Its just ill be charged a premium...

    You can send Coins to external wallets to do with what you please... (some coins have direct conditions )

    CS is good because you damn well know you're getting what you want if you have to pay a bit for exactly what you want...

    Don't get me wrong I'm having a ball with my Bitrex and Coinbase stuff but to dismiss CS as a dumb move off what they offer via instant protocol and convenience is short sighted...

    Its about Bow strings with Crypto...
     
  4. tigertigertiger

    tigertigertiger Team Captain

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    Just how cheap it is, buy low sell high
     
  5. prodigy

    prodigy Premium Gold

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    Anyway to increase the weekly limit transaction on Coinbase higher than $500?
    Edit: Just realised that you can’t link a bank account for Australian users.

    Sent from my iPhone using Tapatalk
     
    Last edited: Nov 19, 2017
  6. woota

    woota Senior List

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    Coinbase is pointless for australian users. Way too restrictive and you can't even cash out. I recommend BTCmarkets. It's an australian exchange that lets you deposit AUD to buy bitcoin, eth, litecoin and ripple. It's a little confusing to use at first, but once you've figured out how to navigate your way around then it's all good. Be aware that depositing funds via Poli payment incurs a $3.30 fee. If you want altcoins then buy BTC or ETH from BTCmarkets and send it to binance or bittrex. Then exchange it for the altcoins you want.

    I've covered the problems with coinspot.

    Independent Reserve have the highest transaction fees I have ever come across, and they only offer bitcoin and eth. I would stay away from them.

    Unfortunately, all australian exchanges/markets have upsides and downsides. But I like BTCmarkets overall - if they offered a bigger selection of coins, then I wouldn't need to go anywhere else.
     
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  7. prodigy

    prodigy Premium Gold

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    Thanks for the advice. Will check out BTCmarkets now.


    Sent from my iPhone using Tapatalk
     
  8. PoppedCorn

    PoppedCorn Premium Platinum

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    Coinspot here too
    Looking at some cashaa.

    Have a look at what they are doing over at simpletoken as well
     
  9. ash_1050

    ash_1050 Club Legend

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    Worrying news regarding Bitfinex and the seemingly endless generation of fictional currency USDT.

    Article 1
    Article 2

    Calling it now either the fabrication that USDT implodes in spectacular fashion within 6 months or the US feds move within 12 months to crack down on unregulated or illegal operations in crypto ala black friday for internet poker.

    If either of these two do happen (or rather when one of them happens) expect a huge, huge implosion in the market.

    Invest cautiously, take your profits when you can and be prepared for some serious blood on the streets in the next 12 months. Sell the rumour, buy the news.

    For documentation:
    BTC $8041
    BCH $1174
    ETH $354
    XRP $0.231
     
    Last edited: Nov 20, 2017
  10. typeclub

    typeclub Norm Smith Medallist

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    Anyone using mining clouds or Bitconnect?
     
  11. PoppedCorn

    PoppedCorn Premium Platinum

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    Been thinking of getting on some ripple at the 23c
    They have a good idea imo

    Some of these game coins too
    VR is booming and is the future of games and even watching sport

    Imagine the day when u are ringside at ufc or the best corp box in F1by wearing a VR headset over the net
     

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  12. woota

    woota Senior List

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    Even if that happens, it wont be the end of cryptocurrency. Prices will recover eventually. Bitcoin has already crashed and recovered 4 times in its short history. One of them was in 2014 when Mt. Gox got hacked and filed for bankruptcy. They were the largest bitcoin exchange in the world at the time, supposedly handling 70% of the world's bitcoin transactions. The price of bitcoin plummeted, but eventually recovered from the calamity and went on to new all time highs.
     
  13. tigertigertiger

    tigertigertiger Team Captain

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    ripple showing good signs
     
  14. typeclub

    typeclub Norm Smith Medallist

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    Market cap is soaring.
     
  15. jezzajay

    jezzajay Club Legend

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  16. jezzajay

    jezzajay Club Legend

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    started using bitconnect a few weeks ago....just dabbling, no major investment. Wanna be part of my team :D
     
  17. the PILL

    the PILL Club Legend

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    I'm kinda curious about that but unsure if sustainable tbh...

    Vitalik Buterin potted it as Ponzi but who knows with the spectrum changing so much...

    Tempted myself :)

    One thing that does strike me odd about it is the Facebook page peeps... Lot of self convincing and sheep mentality going on there...
     
  18. prodigy

    prodigy Premium Gold

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    Apart from bittrex are there any good exchanges for alt coins for us common folk here in AUS?


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  19. jezzajay

    jezzajay Club Legend

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    I’ve just gone in with a small modest amount...fully understanding the risk of course. Wifey and I decided to put in what we would spend on a night out.
    So far I think it’s worthwhile as I see it building nicely.
    Again, aware that this is not going to last forever but willing to take the chance.

    I do my best to stay away from Facebook for things like this. I look for smarter commentary through YouTube channels etc.
     
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  20. jezzajay

    jezzajay Club Legend

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    I believe coinspot is ok, I’m in the process of signing up so can’t comment from experience. But I haven’t heard anything negative about them yet.
     
  21. prodigy

    prodigy Premium Gold

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    Yeah all I’ve heard is high fees


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  22. woota

    woota Senior List

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    binance, poloniex


    You still don't get it. Coinspot is not a proper exchange or trading platform. It's a simplified marketplace for simpletons. If you want to simply buy cryptocurrency and pay extortionate fees, then go ahead and use coinspot. If you want to buy cryptos at reasonable fees and learn how to trade, set your own buy and sell price ranges to maximize profit, learn how to use a proper exchange like bittrex.

    And BTW, there is a tonne of negative info out there on coinspot.
     
  23. jezzajay

    jezzajay Club Legend

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    Get what?
    I do use bittrex...just signing up with coinspot as its the only way i can access a particular currency.
     
  24. PoppedCorn

    PoppedCorn Premium Platinum

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    I'm on coinspot
    No probs so far


    Just grabbed some simpletoken in the pre-sale, not much only 1500 odd.
    Was thinking of looking at the game.com G token ICO as well
    https://www.coinschedule.com
     
  25. typeclub

    typeclub Norm Smith Medallist

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    Lol maybe. I'm thinking about making an investment in there. That and Iota are the ones I'm looking at atm.