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ChaosTonyV4 12/12/17 8:27:37 PM #1: |
After that nasty surge, Im trying to decide if I should sell now and capitalize in prep for an eventual drop.
Or just buy more and ride this rocket even harder. --- Phantom Dust. ... Copied to Clipboard!
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CaptainOfCrush 12/12/17 8:40:46 PM #2: |
I bought 10 Litecoin five days five days ago, telling myself I'd take the plunge as soon as it dipped under $100.
I haven't even received my coins yet, and already, that 1k has turned into 3.5. My total 3k investment into crypto (1k in each BTC, ETH, and LTC) has turned into 7k, and I only started this last month. Pretty crazy. --- Yoblazer http://i.imgur.com/gByqgPg.gif ... Copied to Clipboard!
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CaptainOfCrush 12/12/17 8:44:14 PM #3: |
As for buying and selling, I'm holding steady for now. As I understand, LTC is practically identical to BTC, the only difference being volume (there are 4x as many LTC as BTC). If that's truly the case, then LTC is still very undervalued relative to its bigger brother (a Bitcoin is 48x as valuable as a Litecoin). There's a lot of room for LTC to grow, but my question is... how much can they both grow together?
Also, every day I kick myself for not buying a Trezor last month when I first heard about them. They were $70 back then... $200 now. --- Yoblazer http://i.imgur.com/gByqgPg.gif ... Copied to Clipboard!
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Yankees 12/12/17 8:53:36 PM #4: |
You can buy the Ledger Nano S on amazon for 90 now. It was 70 a week ago when I picked it up. I invested in Bitcoin recently and plan to transfer over soon.
I have a good friend who invested heavily in Bitcoin in May. Like all his liquid assets. He also bought a little LTC at that time and has exchanged most of it for Bitcoin after the spike today - still confident BTC is the better long term option --- ... Copied to Clipboard!
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CaptainOfCrush 12/12/17 8:56:35 PM #5: |
Yankees posted...
You can buy the Ledger Nano S on amazon for 90 now. I'm waffling between the two. Ledger has the much more appealing price, but Trezor has that extra half a star on Amazon that I can't shake off very easily. Are you happy with your Nano so far? --- Yoblazer http://i.imgur.com/gByqgPg.gif ... Copied to Clipboard!
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Yankees 12/12/17 8:58:37 PM #6: |
It's only been a week and I haven't used it enough to offer much. My friend owns a few of both actually and is happy with either one. I can ask him if you have a specific question
--- ... Copied to Clipboard!
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foolm0r0n 12/12/17 9:06:49 PM #7: |
I have been about 50/50 BTC/ETH so I'm pretty good. I missed out on LTC I guess but I don't really care about it that much. VTC seems much more interesting as a BTC "silver" currency due to its anti-ASIC and better decentralization.
--- _foolmo_ 2 + 2 = 4 ... Copied to Clipboard!
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Peace___Frog 12/12/17 9:32:50 PM #8: |
To my uninformed self, it all appears to be highly speculative and will end up more as an investment fund than an actual, usable currency.
--- ~Peaf~ ... Copied to Clipboard!
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HotDogButts 12/12/17 9:52:18 PM #9: |
Peace___Frog posted...
To my uninformed self, it all appears to be highly speculative and will end up more as an investment fund than an actual, usable currency. it's already a usable currency --- Burns then confronted him about the fart and Willie became agitated, telling her to shut up ... Copied to Clipboard!
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foolm0r0n 12/12/17 10:00:25 PM #10: |
HotDogButts posted...
it's already a usable currency but if that's true then I don't know shit, which would suck --- _foolmo_ 2 + 2 = 4 ... Copied to Clipboard!
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Peace___Frog 12/13/17 11:21:02 AM #11: |
HotDogButts posted...
Peace___Frog posted...To my uninformed self, it all appears to be highly speculative and will end up more as an investment fund than an actual, usable currency. Yes, you can pay for a pizza with btc at the current rate, and in a few months you gave that business the equivalent of a million bucks? That's like calling the venezulean currency "usable" --- ~Peaf~ ... Copied to Clipboard!
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HotDogButts 12/13/17 5:52:38 PM #12: |
lmao. By that logic every dollar you don't invest into bitcoin is the equivalent of losing a million bucks. Did you literally just make that argument.
--- Burns then confronted him about the fart and Willie became agitated, telling her to shut up ... Copied to Clipboard!
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Peace___Frog 12/13/17 6:14:53 PM #13: |
My logic is that it's unstable. You can go the other way and say that you gave the business the equivalent of half a penny.
I admitted that i don't fully understand cryptocurrencies and am open to becoming more learned. But that's my uninformed understanding. That they're poor for use as a currency because their value changes drastically in short periods of time. You don't have to be an ass, I'm legit asking to be educated. --- ~Peaf~ ... Copied to Clipboard!
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ChaosTonyV4 12/13/17 6:42:07 PM #14: |
Litecoin is down today, which tells me I should have sold and rebought for maximum profit.
Oh well, I'll remember that next time. --- Phantom Dust. ... Copied to Clipboard!
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CaptainOfCrush 12/13/17 7:14:36 PM #15: |
I'm a total crypto noob but I think trying to time the market (with any security or currency) is a dangerous game.
--- Yoblazer http://i.imgur.com/gByqgPg.gif ... Copied to Clipboard!
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ChaosTonyV4 12/13/17 7:16:35 PM #16: |
Yeah it seems risky, but I felt like its rise so surpassing expectations so quickly meant it would inevitably fall a bit.
But I chickened out. --- Phantom Dust. ... Copied to Clipboard!
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HotDogButts 12/13/17 7:24:19 PM #17: |
Peace___Frog posted...
My logic is that it's unstable. You can go the other way and say that you gave the business the equivalent of half a penny. It's already more stable than numerous national currencies. There are bitcoin and ethereum debit cards, etc that will work at any institution that accepts plastic, being used every day. Ask someone from Greece, Venezeula, Brazil, etc, if bitcoin is a legitimate currency. It is literally allowing people to survive in shit countries right now because the power and legitimacy it yields as a currency. --- Burns then confronted him about the fart and Willie became agitated, telling her to shut up ... Copied to Clipboard!
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HotDogButts 12/13/17 7:28:41 PM #18: |
CaptainOfCrush posted...
I'm a total crypto noob but I think trying to time the market (with any security or currency) is a dangerous game. It is. You have your typical bull and bear cycles, and you can play that game to increase your holdings if you want, but if you don't really know what you're doing, youre going to lose out. Thing is, there are pretty typical patterns, and guys with extremely good track records publicly publishing different coin analysis, with sell and buy orders to target on the cycles. So far, from what I've seen, if you were to go along with their analysis, and do so consistently every run up and retrace, you would be making more money over time. But that said, there are times you're going to lose out too. For instance, ETH shattered through the projected sell line on its bull run the other day, still hit the retrace, but even then the retrace (thus far, very well, and probably not over), stayed above the sell target from standard analysis. You would've lost out if you played it standard on this last run up. But if you do it every cycle over time you'd win out (thus far). Basically gotta be willing to commit to playing the "numbers." That said fuck that shit. Too much time, effort and heartache. More power to you if you can and want to pull it off though. --- Burns then confronted him about the fart and Willie became agitated, telling her to shut up ... Copied to Clipboard!
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foolm0r0n 12/13/17 9:28:34 PM #19: |
Peace___Frog posted...
Yes, you can pay for a pizza with btc at the current rate, and in a few months you gave that business the equivalent of a million bucks? That's like calling the venezulean currency "usable" Buy the pizza then buy more bitcoin to refill your position. Volatility in this case doesn't matter at all. Venezuelan currency is unusable because you literally can't buy toilet paper with even a duffel bag full of it. --- _foolmo_ 2 + 2 = 4 ... Copied to Clipboard!
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foolm0r0n 12/13/17 9:31:34 PM #20: |
You will lose if you try to time the market. Use the dollar cost average buying strategy to avoid that, and the same principle applies to selling. That's the only technically smart way to play the market, and it's based on time in the market.
Timing the market is a zero-sum game. Time in the market is not zero sum at all and can be mutually beneficial for everyone. Not sure why you would play the former game when you could play the latter. --- _foolmo_ 2 + 2 = 4 ... Copied to Clipboard!
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Menji 12/13/17 9:35:40 PM #21: |
*checks Litecoin*
oh shit it tripled? Glad I invested when the last crypto topic was up. --- Menji+ http://i.imgur.com/pPZsSZU.gifv [ https://myanimelist.net/profile/Menjii ] Congrats BK_Sheikah, BYIG Guru! ... Copied to Clipboard!
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CaptainOfCrush 12/13/17 10:41:49 PM #22: |
I've been wanting to make a "general money and investment" topic for a while, but it probably wouldn't generate enough interest to stick around long.
--- Yoblazer http://i.imgur.com/gByqgPg.gif ... Copied to Clipboard!
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TomNook 12/14/17 2:30:19 AM #23: |
Tag maybe
--- Belles, belles, belles! ... Copied to Clipboard!
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HaRRicH 12/15/17 6:05:36 PM #24: |
CaptainOfCrush posted...
I've been wanting to make a "general money and investment" topic for a while, but it probably wouldn't generate enough interest to stick around long. I'd lurk! --- Brought to you by GameFlux Free GameFAQs app on Google Play! ... Copied to Clipboard!
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thundersheep 12/15/17 6:20:31 PM #25: |
I know next to nothing about crypto but Choon has been on my radar recently as it pertains to the music industry and I'm really interested in their business model as well as the people behind the idea. It uses the Ethereum blockchain (which I also know nothing about) and I'm thinking about getting in on the ground floor once everything launches. Has anyone heard anything about this yet?
https://www.choon.co/ --- ... Copied to Clipboard!
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ChaosTonyV4 12/16/17 3:09:57 PM #26: |
Litecoin is down to $290 today, but Bitcoin exploded again.
Will I ever get over the fact I set aside $500 for Bitcoin and never spent it? --- Phantom Dust. ... Copied to Clipboard!
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Korayashi 12/16/17 5:12:31 PM #27: |
I've been meaning to figure out cryptocurrency investing/general investing. Make some money and such. Tag
--- Board 8's Greatest Beard Band - Chairmen of the Beard BKSheikah is better than all of us. Remember that. ... Copied to Clipboard!
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CaptainOfCrush 12/16/17 6:20:11 PM #28: |
... Copied to Clipboard!
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Menji 12/16/17 7:58:08 PM #29: |
CaptainOfCrush posted...
I bought a Nano wallet. Excited to get it! Which kind? I'm making my brother teach me how to use mine over the holidays. --- Menji+ http://i.imgur.com/pPZsSZU.gifv [ https://myanimelist.net/profile/Menjii ] Congrats BK_Sheikah, BYIG Guru! ... Copied to Clipboard!
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CaptainOfCrush 12/16/17 9:06:41 PM #30: |
Ledger Nano S, the one Yankees recommended. Just couldn't bring myself to spend $200 on the Trezor.
--- Yoblazer http://i.imgur.com/gByqgPg.gif ... Copied to Clipboard!
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CaptainOfCrush 12/17/17 3:09:40 AM #31: |
... Copied to Clipboard!
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ChaosTonyV4 12/17/17 3:21:03 AM #32: |
Absolutely bananas.
--- Phantom Dust. ... Copied to Clipboard!
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foolm0r0n 12/17/17 3:43:06 AM #33: |
Trezor should just be 100...
--- _foolmo_ 2 + 2 = 4 ... Copied to Clipboard!
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ChaosTonyV4 12/17/17 4:26:58 AM #34: |
Putting money into Ripple, as soon as my bitstamp account is approved.
--- Phantom Dust. ... Copied to Clipboard!
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ChaosTonyV4 12/17/17 5:27:30 AM #35: |
Transferred a fraction of my Litecoin to HitBTC and am setting up trades on XVG (Verge) and XRP (Ripple).
--- Phantom Dust. ... Copied to Clipboard!
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CaptainOfCrush 12/18/17 2:53:00 PM #36: |
I'm still only on Coinbase but I did set up a Gemini account. I need to figure out which exchange has the lowest fees because it seems like they can really ream ya.
--- Yoblazer http://i.imgur.com/gByqgPg.gif ... Copied to Clipboard!
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swirIdude 12/18/17 3:30:05 PM #37: |
My Bitcoin investment looks nice right now. I'm considering throwing small amounts on other cryptocurrencies to let them ride. But I'm also hedging my bets by funding my 401k.
--- "The people who play Final Fantasy 7 actually have lives and dont NEED polls" ~MajinUltima BKSheikah won Guru, but you know that. ... Copied to Clipboard!
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ChaosTonyV4 12/18/17 7:31:24 PM #38: |
I diversified the fuck out of my coin investments, and now seeing my total valuation constantly fluctuate like mad is stressful.
--- Phantom Dust. ... Copied to Clipboard!
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NFUN 12/18/17 7:45:35 PM #39: |
I fail to see the purpose in diversifying your "coin portfolio" like this. Bitcoin's ballooning price looks like a bubble, but, as fool said, it has potentially infinite potential due to its vast possible usefulness in the future. But only one or two currencies will succeed in the long-run, and at least Bitcoin has infrastructure and name recognition. Isn't investing in competing franchises in a bubble still bad?
--- Thus is our treaty written, thus is our agreement made. Thought is the arrow of time; memory never fades. What was asked is given; the price is paid. ARF ... Copied to Clipboard!
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MajinZidane 12/18/17 7:52:31 PM #40: |
I'VE MADE OVER TWENTY DOLLARS ON LTC wow
--- Virtue - "You don't need a reason to Boko United." ... Copied to Clipboard!
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ChaosTonyV4 12/18/17 8:44:12 PM #41: |
NFUN posted...
I fail to see the purpose in diversifying your "coin portfolio" like this. Bitcoin's ballooning price looks like a bubble, but, as fool said, it has potentially infinite potential due to its vast possible usefulness in the future. But only one or two currencies will succeed in the long-run, and at least Bitcoin has infrastructure and name recognition. Isn't investing in competing franchises in a bubble still bad? If I spend on four or five promising <10 cent cryptocurrencies, I only need one of them to hit a quarter to make all my money, and if more hit that or higher, the potential profits are huge. But I have money in the big currencies tooLitecoin is my biggest, value-wise. --- Phantom Dust. ... Copied to Clipboard!
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foolm0r0n 12/18/17 9:34:45 PM #42: |
NFUN posted...
but, as fool said, it has potentially infinite potential due to its vast possible usefulness in the future When did I say infinite? It definitely is not infinite. $100k is a soft ceiling and $1m is a hard ceiling for bitcoin. This means you can only really expect a 500% gain on current bitcoin investment. Other cryptos have far more potential if you just want to make money. But beyond that, no one knows if bitcoin will remain the leader. Or Ethereum, Litecoin, whatever. You should always diversify and look out for new tech to keep diversifying into so that if one of them fails completely due to very real tech risks, then you're not completely lost. That being said, bitcoin right now is representing blockchain tech as a whole. It's like the dotcom bubble where companies sitting on top of the internet failed but the internet was fine. Bitcoin is the internet right now, and the ICOs and forks are the scammy companies trying to cash in... but some are actually their own internet (Ethereum) and could win out overall. You just have to research and follow good tech and concepts, not hype. --- _foolmo_ 2 + 2 = 4 ... Copied to Clipboard!
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NFUN 12/18/17 10:06:19 PM #43: |
Alright, didn't mean infinite, just got lazy and used it hyperbolistically.
--- Thus is our treaty written, thus is our agreement made. Thought is the arrow of time; memory never fades. What was asked is given; the price is paid. ARF ... Copied to Clipboard!
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ChaosTonyV4 12/19/17 1:10:00 PM #44: |
https://coinmarketcap.com/currencies/verge/historical-data/
Verge is picking up Steammmm --- Phantom Dust. ... Copied to Clipboard!
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CaptainOfCrush 12/19/17 1:21:40 PM #45: |
Which exchanges are you using? I know Bittrex hasn't accepted new users since I first checked at least a week ago.
--- Yoblazer http://i.imgur.com/gByqgPg.gif ... Copied to Clipboard!
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ChaosTonyV4 12/19/17 1:24:48 PM #46: |
I'm signed up for a ton of them just in case, but I mostly use hitbc because it's the easiest to transfer obscure coins into other obscure coins (all sales automatically convert to Tether, which is tied to USD).
Unfortunately, it seems like they're having issues with the account page right now. --- Phantom Dust. ... Copied to Clipboard!
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guffguy89 12/19/17 1:31:44 PM #47: |
I wonder if my work's 401k investment plan has options for cryptocurrency....I think I'll ask HR about that.
--- Don't mind me. I'm just here for the contest. ... Copied to Clipboard!
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foolm0r0n 12/19/17 2:11:32 PM #48: |
Why verge?
--- _foolmo_ 2 + 2 = 4 ... Copied to Clipboard!
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ChaosTonyV4 12/19/17 2:17:06 PM #49: |
John McAfee showed an interest in it, and since then it's been exploding.
It's also pennies right now, so if it ever catches fire, you could make fuck you money super easily. --- Phantom Dust. ... Copied to Clipboard!
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ChaosTonyV4 12/19/17 2:26:15 PM #50: |
https://medium.com/verge-currency-xvg/meet-the-core-team-our-future-vision-and-an-important-announcement-3965730bd0b8
Also here's the vision for the coin, which in my eyes is important for a new currency to pickup steam. Essentially, they're attempting to develop a completely private coin. If they release the Wraith Protocol and it does what it says they want it to do, Verge is gonna go nuclear. --- Phantom Dust. ... Copied to Clipboard!
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