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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ashfiken]
#24707975 - 10/13/17 07:37 PM (6 years, 3 months ago) |
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Ash, I happen to think the coming split is one reason btc has shot up so much. People saw that after the last split everyone with coin got free bch worth real money. That was like more than a 10% bonus at the time. So with 2 possible forks coming up people see the bonus and want in. Once they are in and get the bonus will they keep coin or dump it? Some will dump, I would expect a pullback after the split. But many will stay in. Right now coin is super volatile.
China has shot their wad at trying to kill btc, it didn't work, just a pullback and now roaring forward with the usual zigzag motion. I would not expect another mini-crash like we had a month or so ago when china played their anti btc card. Coin dropped over 20% but made up all the ground since then. To see a repeat of that or worse, one would need to see major problems coming from usa govt. That is certainly possible. But just as with china, coin will come back. And if nothing bad happens, then what? Could be 10k before the end of the year. I would not bet on it but by sometime next year, yes.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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ashfiken
TotalCrazyasshole


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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Stonehenge]
#24709172 - 10/14/17 10:53 AM (6 years, 3 months ago) |
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I absolutely believe that is the reason. However the background of the split shows a much more different/elaborate story than the investors clambering in raising the price here before the fork THINKING it will be a spoilt like Bitcoin cash was as they will get free money.. However everything I've read says it will most likely not be the same.. Although I'm no developer or genius so I've really no true clue. Just seems like segwit2 sucks is all I can opinionize.
Cheers
-------------------- hmm... "I'm naked and fearless... And my fear is naked." "life isn't worth living without the threat of death" "I got my plans in a ziploc bag, let's see how unproductive we can be" "nobody lives their lives fully except for bull fighters" My Trade List
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Sky Walker
Vulture of Culture



Registered: 02/11/12
Posts: 605
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ashfiken]
#24709239 - 10/14/17 11:12 AM (6 years, 3 months ago) |
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BTC would be going up regardless of the fork. BTC doesn't give a fuck, the J-curves wont stop until 10k+. I make most of my income trading crypto. FA is still largely a waste of time in many crypto markets as it is completely irrational much of the time. Got to combine TA with FA. Gotta love crypto, such amazing times were living in. Very thankful for crypto.
MTL, NEO, SALT, DNT, XEM, ETH
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Sky Walker]
#24709714 - 10/14/17 02:14 PM (6 years, 3 months ago) |
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Ash, I mostly agree with that post, lots of good points
>Got to combine TA with FA
What are they? I have no time to search
BTC doesn't give a fuck, the J-curves wont stop until 10k+.
I agree it would have gone up anyway but the prospect of free money definitely entices many investors and speculators.
>I make most of my income trading crypto.
Me too but hodling seems to be the way to go. I also think 10k is just a waypoint rather than the destination. It won't stop ever, it will go up and down, up and up and down and up etc forever. I will probably reduce my substantial holdings after it hits 10k or just before since that is a likely sell point for many people. But I will not sell out, just sell and then perhaps rebuy.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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Sky Walker
Vulture of Culture



Registered: 02/11/12
Posts: 605
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Stonehenge]
#24710197 - 10/14/17 05:44 PM (6 years, 3 months ago) |
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Yup yup yup. I agree with everything you just said, I had a hodl portfolio as well.
FA = Fundamental Analysis - Background, team, news, market dynamics, FUD, releases, code behind platform, etc. (Can be extremely beneficial to understand the fundamentals behind crypto projects but also very time consuming to keep up with)
TA = Technical Analysis - Charting, market analysis, etc. (Can easily be misused/overused, I believe it should be used conservatively, can be difficult to use in a way that is actually effective, can also be time consuming until skills are honed)
I love my method of chart analysis because its a conservative method that only uses a few charting tools, can be done quickly and so far has proven to be very effective.
My trading strategy emphasize Elliott Wave Theory & Fibonacci. Both seem to be commonly applied by other trader, compounding their significance in this particular market. The Fibonacci levels get hit so much with many coins that at time you feel like you can predict the future lol. That is until the raw volatility of the crypto market sets in and sets you straight, but that's what makes crypto so great so so profoundly profitable. Once the institutional money floods in and things begin to stabilize over the next few years, the volatility will settle out and the extremely quick profits that can be made right now will become less and less significant.
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memes
Blessed



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Posts: 27,785
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Sky Walker]
#24722250 - 10/19/17 02:54 PM (6 years, 3 months ago) |
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Saw Tezzos in the news today~
hyperbolic, of course, as it's zerohedge, but nonetheless. small hiccup it would seem
http://www.zerohedge.com/news/2017-10-19/worlds-largest-ico-imploding-after-just-3-months
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Sky Walker
Vulture of Culture



Registered: 02/11/12
Posts: 605
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: memes]
#24734907 - 10/24/17 07:19 PM (6 years, 3 months ago) |
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I wouldn't call Tezzos' current predicament a small hiccup in the crypto space. That company is a complete shit show right now and it's significantly effecting the value. ICO investors are pretty upset I'd say. I hope it all pans out for those guys who invested. It was hyped so hard and raised an ungodly amount of money. I passed on that ICO literally out of intuition. The hype was disgusting with that project and it just sketched me out. Glad I went with my tuition now, but I'll admit I did have some FOMO, wondering if I should have participated with all the predictions and what not. Supposed to be one of the greatest platforms of the year and the whitepaper is intriguing, so for the sake of all those early investors, I sincerely hope they deliver. Not fair to anyone of those good people to suffer because of the qualms of one married couple, but hell that's crypto... Gotta love how volatile it is!
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Sky Walker]
#24758926 - 11/04/17 10:36 AM (6 years, 2 months ago) |
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And the hits keep coming 
I do think that the Tezos platform still has a good probability of going live, even if we may see additional delays due to the infighting and litigative issues. Frankly, I'm surprised we haven't seen more headwinds on the legal front with regard to the swath of ICO's that hit the market this year, so many of which have failed to live up to their promises. Of course, the Tezos documentation (as with most well organized ICO's) contained such a comprehensive amount of disclosures and waivers, that it is clear to anyone who takes the time to read the agreements that the "promises" behind these projects are in effect only suggestions, and by no means guaranteed to transpire. Nevertheless, I do hope to see the Tezos project come to fruition, and with a ~$400M+ war chest at present valuation, I see little reason why they shouldn't be able to overcome these near term headwinds, given time.
In other news, Neblio (NEBL) has been showing quite a bit of resilience in the face of bitcoin's seemingly relentless upside momentum. All while many other favored ICO's have been under quite a bit of selling pressure on account of BTC's strength and the likely movement of capital into BTC in anticipation of a third major fork (SegWit2x) set to transpire later this month. For those who are not aware, a fork occurs when an existing blockchain is cloned, with the new iteration implementing some tweaks in the protocol in efforts to improve the platform. Because the transaction history of the original chain is preserved, if you own coins on the original chain at the time of the fork, you own coins on the new chain as well (this process is sometimes referred to as "airdropping"). Anywho, because the previous BTC forks essentially gave a free dividend to BTC holders, it is not without reason that players want to be holding BTC as we move into this next fork.
On that note, I am getting an itchy trigger finger to liquidate some of my BTC. While I believe in the power of institutional money propelling the price of BTC higher over time, particularly on account of the CME's intent to deliver futures contracts, as well as potential ETF's and projects such as Omega One providing the liquidity necessary to facilitate big money movement; I also believe in scaling into some realized profits when the opportunity presents itself. As such, I have some sell orders in on BTC @ $7500. Not the whole lot, but a good portion thereof, keeping in mind I did most of my buying between $400-$2500/BTC. On the short term and subject to change, I would initially be looking to repurchase these positions with a ladder of buy orders starting at $6000 and increasing in size down to $3800.
Coins/tokens currently held:- BTC
- ETH
- NEBL
- NEO
- OMG
- XMR
- XRP
- EVX
- ICO's yet to be issued: XTZ & OMT
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#24759458 - 11/04/17 02:40 PM (6 years, 2 months ago) |
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They say its good to diversify your investments. Not sure if dumping btc to buy shitcoins is the way to go but if it works for you then great.
I've been buying and buying, bought most of my present btc coin at $2500+ would prefer that I had bought it all at 1k or less but getting back in turned out to be the right decision. I bought a lot at 3k+, more at 4k+ and today bought some at around 7k. If it drops to 3k again I'm out a lot of money. But at the moment, I have over 100 btc worth well over 700k all bought basically with btc profits. That does not sound like making mostly wrong decisions to me though I could have done better if I had held and not grabbed the profit too soon. I could easily have over 2m in coin now if not selling too soon and investing some out of savings rather than just out of profits from trading.
I'm sure most of us can look back and see where we should have done something different that would have been more profitable. If btc goes up to 10k by end of year, I'm in great shape. If it eventually hits 50k, then millions more in profit. I'm not sure when I will cash in, definitely before it hits 50k, at least some. I went wrong cashing in too soon, my next mistake may be in waiting too long, lol.
One factor is that I don't want a huge amount of cash sitting around for unca sam to go sniffing at. I already have to pay some long term gains tax on a house I just sold, we are getting a break on taxes soon so waiting until at least next year seems like a good idea. To avoid being boosted up to higher tax brackets it might be good to spread the cash outs over more than one year. All that is legal. Buying stuff with coin quietly, cashing out in person and socking it away is good too, but then you are subject to inflation. I would buy more real estate but its so much work to fix up and maintain then the hassles with tenants. Coin just sits there and needs no work. My ether and other shitcoins have basically done nothing recently
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Stonehenge]
#24759590 - 11/04/17 03:35 PM (6 years, 2 months ago) |
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To be clear, I'm not "dumping btc to buy shitcoins" - I am taking some profits on long held positions and maintaining that liquidity in fiat until I see an opportunity to repurchase. No doubt altcoins have been suffering after a frenzy of new issues on lofty promises, most of which will fail to come to any meaningful fruition and all of which are the playground for rampant speculation. Nevertheless, I do believe some of these projects will have staying power, and thus the diversification is in my view warranted. Ether has indeed been dead money throughout the summer, and I suspect that this is in large part due to the amount of ETH raised through all of the ICO's over the first half of the year, looking to be liquidated. No one wants to crash the price, but companies that raised tens or hundreds of thousands in ETH definitely want to dilute some of that crypto into fiat, and I would wager that this dynamic is largely what is keeping ETH pinned around $300 for the time being.
For what it's worth, I hit a near triple on NEBL, cashing out a 2/3 of my position at 0.001 BTC and buying it back at close to half that over the past week. Furthermore, since Neblio is a Proof of Stake network, I am staking my coins for an additional ~10% annual reward. Similar to the reward system miners benefit from, but without the egregious use of processor power and electricity. The platform is intriguing and the coin has steadily been climbing the ranks with respect to the aggregate crypto market at coinmarketcap.com.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Antimatter
Nobody Important


Registered: 03/12/09
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#24760106 - 11/04/17 07:59 PM (6 years, 2 months ago) |
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I am also looking to venture into Cryptocurrency and investing in general.Read your discussions and you all have some interesting perspectives on the topic. A number of you appear to be thinking Cryptocurrency is a short-term investment, is there any particular reason? Also, how are you estimating a cap value at x amount?
-------------------- BEANS GREENS POTATOES TOMATOES
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geokills
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Antimatter]
#24761285 - 11/05/17 10:51 AM (6 years, 2 months ago) |
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Quote:
A number of you appear to be thinking Cryptocurrency is a short-term investment, is there any particular reason? Also, how are you estimating a cap value at x amount?
From my view, there is both a short and long-term perspective to be taken within the crypto sector, and this is what I have in the past referred to as "trading around a core position." Whereas I do believe this technology is still in its infancy, and thus worth maintaining exposure to over the long term (which I would define along the order of decades), it is also important to be mindful that both hype/excitement and an absence of tools and historical data for proper valuation will contribute to a short-term tendency toward exaggerated deviations from mean fundamental value (i.e. rampant speculation). The rate of ascent in the market capitalization of the dominant cryptocurrency bitcoin, and especially many of the newly issued token/coin projects that have yet to demonstrate a viable product offering, would not appear to be sustainable. However, due to the excitement of a new technology, fueled by greed stemming from witness of the short-term returns that have been generated by some of the primary vehicles (e.g. bitcoin/ethereum), in conjunction with relatively illiquid markets, the bubble can continue to inflate for longer than one may expect.
Thus, I think it is important to maintain a measured stance regarding your own personal capital allocation. Put plainly, this is a very risky time to be placing new bets, as an unprecedented amount of capital has flowed into the space this year, producing returns that are not often seen in any financial instrument or investment over such a short period of time. Further, mainstream media has picked up on this, with regular commentary on major business networks such as CNBC, including major global exchanges such as CME and CBOE signaling their intent to offer derivative products on this new asset class. Kind of makes me think of the old investment adage, buy the rumor and sell the news... and while there may still be a good amount of positive news flow on the horizon, there has been a lot of exposure already, as evidenced by the fact that one major bitcoin exchange (Coinbase) signed up over 100,000 new users in a single day earlier this month.
On balance, I believe it is important to maintain some exposure to this emerging asset class. However I also believe it is worthwhile to take advantage of exaggerated moves in valuation by booking some profits when you perceive a dislocation between the asset's exchange rate and its fundamental value. At the risk of sticking my neck out, I do believe bitcoin will be able to move from today's price of $7,500 to $10,000 and possibly significantly higher, however I think that road is a lot tougher than the one that has taken it from $1,000 to $7,000 this year. Tougher and less profitable on a percentage return basis. For my money, I liquidated a portion of my BTC holdings at $7,500 this morning and have placed buy orders around $5,000 to reload on what I foresee as a reasonable near term retracement. I have also diversified into some of the altcoins noted in my previous post, as their value has been depressed toward more reasonable levels on account of bitcoins aggressive rise.
I would encourage anyone interested in these markets to read through this fascinating article that discusses some of the fundamental risks regarding investment in these new markets:
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ashfiken
TotalCrazyasshole


Registered: 09/06/06
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: geokills]
#24769082 - 11/08/17 11:46 AM (6 years, 2 months ago) |
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Segwit2x cancelled due to lack of community support is last I heard on Bitcoin news front! Big news for BTC !!! This volatility is rockin ! 700$ move in 24 hrs holy shit!
Cheers
-------------------- hmm... "I'm naked and fearless... And my fear is naked." "life isn't worth living without the threat of death" "I got my plans in a ziploc bag, let's see how unproductive we can be" "nobody lives their lives fully except for bull fighters" My Trade List
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: ashfiken]
#24769169 - 11/08/17 12:30 PM (6 years, 2 months ago) |
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Yeah I heard that too, there was too much controversy. Its ok with me, long as price doesn't tank
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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ashfiken
TotalCrazyasshole


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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Stonehenge]
#24769251 - 11/08/17 01:05 PM (6 years, 2 months ago) |
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Agreed. All good in the hodl. Methinks it will affect price down slightly as some of the unhappy signees (supporters of 2x) go elsewhere like bcc or bcg . But everlasting sentiment behind this thing is what I see and plenty of support still in 7000 region, my buy in is set at 7050 currently actually. BTC won't fall awful much and wit talk like geokills provided increased investors in the space with future/derivatives coming in the table just more and more $€£¥ comin in
Cheers
-------------------- hmm... "I'm naked and fearless... And my fear is naked." "life isn't worth living without the threat of death" "I got my plans in a ziploc bag, let's see how unproductive we can be" "nobody lives their lives fully except for bull fighters" My Trade List
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: ashfiken]
#24769447 - 11/08/17 02:25 PM (6 years, 2 months ago) |
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Most interesting about the SegWit2x failure news today is the money flow back into alts. NEO, OMG, NEBL (my largest alt holdings), up between 20-30% on the news. BTC saw an immediate spike higher, but has since retraced the breakout and is back in congestion. The immediate retracement to $7400 should have acted as a springboard, but thus far that hasn't materialized. Thus, I would not be buying BTC right here, right now. The biggest beneficiary of any alt with decent volume would appear to be WaltonChain (WTC) with a ~50% move right back to the highs of its range.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: ashfiken]
#24769611 - 11/08/17 04:05 PM (6 years, 2 months ago) |
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Yes, it seems stable for the moment at around 7300 or 7400. I made my last buys in low 7000 and just under so I'm not sweating it. I do wonder how it will play out when the rank and file buyers learn about seg2 not happening? They were expecting free coins. I would anticipate a slowdown of the rapid pace of rise but you never know. I'm staying away from shitcoins except for what I already have, a stack of bch and a few ether.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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ashfiken
TotalCrazyasshole


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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Stonehenge]
#24770525 - 11/08/17 11:19 PM (6 years, 2 months ago) |
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I'd say we do see a slowdown as anticipation wanes away for the fork, I still see a steady rise up.. China officially banned exchanges for crypto and icos regulated also... So slowdown there too as it will be harder for that massive market to move in and out of BTC, however it will still be done and I don't see a significant drop coming from it.. Cryptos beat any wall. These developers are on a mission and crypto will be king someday with cash as its bitch..
Congrats geo on those % gains! I'm in the poor house so I cash those gains out and reconsolidate in another position either lower or elsewhere .. That's me ringing the bell bc I gotta.. If I may ask where do you invest in those particular tokens are they all ico tokens? Bc none of them are available on kraken.. I know neo is and pretty sure omg Are too as they are developed platform/blockchain themselves yes?
Cheers
-------------------- hmm... "I'm naked and fearless... And my fear is naked." "life isn't worth living without the threat of death" "I got my plans in a ziploc bag, let's see how unproductive we can be" "nobody lives their lives fully except for bull fighters" My Trade List
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: ashfiken]
#24771798 - 11/09/17 03:40 PM (6 years, 2 months ago) |
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Quote:
ashfiken said:
Congrats geo on those % gains!
If I may ask where do you invest in those particular tokens are they all ico tokens? Bc none of them are available on kraken.. I know neo is and pretty sure omg Are too as they are developed platform/blockchain themselves yes?
I'll take the congrats on NEBL, as I pretty much top-ticked a sell on that one at 0.001 BTC and nearly doubled my position on the recent pullback (the 10% annual stake reward is a nice bonus to top it off). Yesterday's spike in NEO and OMG really just put those positions back into my break-even area... they've been bleeding for the past couple of months, but I believe both platforms have viable futures along the order of years to decades to come, and I'm happy to let them ride.
NEO is its own independent platform, similar to Ethereum, you can read about the comparisons here. OmiseGO (OMG) intends to offer their own independent platform for payments/currency exchange/remittances, however their tokens are presently built on the Ethereum blockchain and the first major application of their project won't be realized until early 2018. You can read more about OMG's ambitions here. Neblio (NEBL) is its own blockchain as well, focused on providing enterprise blockchain solutions through the use of RESTful API that allow developers to tap into their technology with familiar widespread programming languages. Their blockchain is active, however it is still very much in development, read more here.
As for where to pickup these issues, you can view the active markets for any coin/token via CoinMarketCap.com; Just navigate to the coin/token of your preference and click the "Markets" tab. For picking up some of the lesser distributed altcoins, I've used:
You can find a long list of exchanges here: https://coinmarketcap.com/exchanges/volume/24-hour/
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#24799691 - 11/22/17 10:27 AM (6 years, 2 months ago) |
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Bitcoin continuing to hit all time highs, Ethereum creeping toward its all time highs and Monero blasting off to set all time highs. Class action lawsuits against Tezos clouding its future. CME slated to launch bitcoin derivatives (futures contracts) as early as December 11th, although that date is unconfirmed. CBOE is also looking to offer bitcoin futures ASAP. Accordingly to CBOE CFA Russell Rhoads:Quote:
“The question I am constantly hearing is, “How will the futures prices relate to spot Bitcoin pricing,” and the best (and most honest) answer I can give is, “I don’t know.” I’ve done academic work on the launch of new listed products in the past and prior assumptions about new markets often are off the mark. I’ve heard arguments for the futures trading at both a premium and a discount to the spot price, personally I think the best strategy is to see what the market tells us when Bitcoin futures are available for trading.”
Some other interesting articles for the crypto enthusiast to peruse:
Just for fun:
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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