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LogicaL Chaos
Ascension Energy & Alien UFOs




Registered: 05/12/07
Posts: 69,325
Loc: The Inexpressible...
Last seen: 28 minutes, 39 seconds
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: ManianFH]
#24918145 - 01/16/18 11:56 AM (6 years, 13 days ago) |
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Quote:
mick said: wow i have never seen the markets get this crushed in years.
Damn, you werent kidding!
As SirShroomsALot says "Enjoy that Bargain sale!"
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ashfiken
TotalCrazyasshole


Registered: 09/06/06
Posts: 3,072
Loc: SCranton
Last seen: 6 hours, 53 minutes
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: LogicaL Chaos] 1
#24918150 - 01/16/18 12:03 PM (6 years, 13 days ago) |
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If/when eth and BTC bolster and surge again (I'm hoping there will be a delay betwn that happenin and alt coins following), and I'm gonna scoop a bunch of alts/tokens for the low with my balances in the big 2. I consider those like your investment tools in this space and then you get to the layer beneath that (ico, other network offerings) which only takes the above layer as entry.. I love this stuff. Exposure to the newest tech. I like bext360 forreal, no ico yet but they have a fucking coffee grade rendering machine. To deploy to farmers/markets everywhere. I love seeing an actual product new use come to fruition coupled with the blockchain tech. And old "assets" integrating also. Power land maybe gold and more! I'm Crypto-crazy 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
Posts: 23,417
Loc: city of angels
Last seen: 6 hours, 23 minutes
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: brk] 1
#24918160 - 01/16/18 12:06 PM (6 years, 13 days ago) |
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More concerns of Chinese restrictions on cryptocurrency transactions has the market seeing red today. This is a high volume break, and as we have come a long way, I would be very surprised to see an immediate snapback. XBT/USD confirming a series of lower highs and lower lows now, leads me to believe there is no urgency to load up right here and now. That being said, I do like to take note of issues that can withstand a broad market beating for my longer term allocation. NEO, VEN, NEBL are all performing respectably amidst the carnage. I have shifted my allocation in increase my weight in NEO (dropping positions in ETC and DRGN). I haven't yet put any of the 30% that I pulled back into USD over recent weeks back to work. If we really get a beating, I'll start to move some of that USD back to crypto, but it's going to take a lot of selling to get me there. Bids in on ETH @ $623. Not that I'm confident we'll get that low, but just in case we do.
I'll also note that Kraken's trading engine upgrades have been implemented and the website's functionality has been excellent, even amidst the high volume action today, which is something that would have brought order placement to a halt in prior months.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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trendal
J♠



Registered: 04/17/01
Posts: 20,815
Loc: Ontario, Canada
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: geokills] 1
#24918202 - 01/16/18 12:35 PM (6 years, 13 days ago) |
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What are the chances that my money gets seized from Binance? Should I be worrying about transferring out of Binance?
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Once, men turned their thinking over to machines in the hope that this would set them free. But that only permitted other men with machines to enslave them.
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Psyche delics
Hypochondriac



Registered: 09/24/15
Posts: 3,644
Last seen: 4 months, 17 days
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: geokills]
#24918375 - 01/16/18 01:59 PM (6 years, 13 days ago) |
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Would you recommend selling at a loss rn? I'm thinking don't panic sell but the price continues to drop and I'm starting to lose money on some coins.
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Edited by Psyche delics (01/16/18 02:00 PM)
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 10 days
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Psyche delics]
#24918415 - 01/16/18 02:14 PM (6 years, 13 days ago) |
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Fuck no i wouldn't sell for a loss but that's just me. I guess it depends on your coins though.
Only way I would sell is if i could sell one coin and enter a different coin that will give me a better return in the short term, a coin with better potential.
If you're asking if you should sell, chances are it might be difficult for you to predict a wise move to make as far as swapping a coin for another, but it is possible.
There's lots of coins in the red. Damn near the entire market. If anything, I might buy some new coins here soon.
But again, that's just me.
-------------------- Within You , Without You
      
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Enkidu
"No-Such-Person"


Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 10 days
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Enkidu]
#24918431 - 01/16/18 02:18 PM (6 years, 13 days ago) |
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Also I would reccomend you don't listen to me so much buy pay attention to what some of these other members suggest.
From what I can tell so far theres a few, like trendal, stonehenge, geo, some other people seem to have a good grasp on what their doing as well and offer good advice as well.
Best advice is learn yourself and make moves off statistical analysis, not emotion.
At the same time it's possible to sell and re-enter lower...
idk, i guess listen to what others recommend and follow your intuition and try to learn and understand whats going on so that the blood doesn't cause you to stress, and you can make wise moves. Stress is no good.
-------------------- Within You , Without You
      
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McGrimm
Professor of Peace


Registered: 04/24/17
Posts: 771
Last seen: 18 days, 19 hours
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Enkidu]
#24918450 - 01/16/18 02:27 PM (6 years, 13 days ago) |
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Aaaaaaand . BTC Drops to below 11k . . just wow.
I bought in at 11.7 thinking it was a steal!!
-------------------- In Peace or Pieces we shall move forward. Grimm
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SirShroomsAlott
Howdy



Registered: 05/15/14
Posts: 6,945
Loc: United States
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: McGrimm]
#24918473 - 01/16/18 02:42 PM (6 years, 13 days ago) |
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Give it time, this honestly isn't anything out of the ordinary and mostly stemmed from announcments of a china crackdown and the fact the whole market pumped up over 300 billion within 2 weeks, just give it a few days. Doesn't mean it will rebound entirely within a few days but the roller coaster ride will most likely be over by then. It's only a loss if you sell. Something like this isn't exactly a negative thing and can help keep it a strong and healthy growing market.
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SirShroomsAlott
Howdy



Registered: 05/15/14
Posts: 6,945
Loc: United States
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Psyche delics]
#24918475 - 01/16/18 02:43 PM (6 years, 13 days ago) |
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Quote:
Psyche delics said: Would you recommend selling at a loss rn? I'm thinking don't panic sell but the price continues to drop and I'm starting to lose money on some coins.
No, take your eyes off the market for the next couple days or just don't keep constant track of what it's doing.
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McGrimm
Professor of Peace


Registered: 04/24/17
Posts: 771
Last seen: 18 days, 19 hours
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: SirShroomsAlott] 1
#24918482 - 01/16/18 02:46 PM (6 years, 13 days ago) |
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I plan on HODLing for the duration. I like watching the larger pattern of movements in the currencies.
it is weird fighting with myself for the Crypto to fall, but I want it to rise too.
This is a REALLY REALLY good opportunity to buy
-------------------- In Peace or Pieces we shall move forward. Grimm
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ManianFH
living in perverty



Registered: 07/06/04
Posts: 14,741
Last seen: 22 hours, 34 minutes
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: McGrimm]
#24918497 - 01/16/18 02:55 PM (6 years, 13 days ago) |
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agreed. i am gonna walk away for a while and not pay attention to the markets. I have lost half the value to my portfolio - which at this point means ive broken even over the past 6 months. Pretty hard to do considering how well the markets had performed.
Shouldve listened to Geo and gone Fiat a week back when he said. Was too bullish.
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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JohnnieYen
Okay



Registered: 03/15/11
Posts: 3,529
Loc: City Z
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: ManianFH]
#24918505 - 01/16/18 02:57 PM (6 years, 13 days ago) |
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yeah it was brutal, my portfolio dropped 30%. Not panicking though. I've learned a lot this past month and it will only strengthen my knowledge and strategy for the future
-------------------- [center
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McGrimm
Professor of Peace


Registered: 04/24/17
Posts: 771
Last seen: 18 days, 19 hours
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: JohnnieYen]
#24918511 - 01/16/18 02:59 PM (6 years, 13 days ago) |
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HODL . (on the big ones) .
-------------------- In Peace or Pieces we shall move forward. Grimm
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 6 hours, 23 minutes
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Psyche delics] 3
#24918568 - 01/16/18 03:18 PM (6 years, 13 days ago) |
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Quote:
Psyche delics said: Would you recommend selling at a loss rn? I'm thinking don't panic sell but the price continues to drop and I'm starting to lose money on some coins.
The answer to your question is, it depends. Did you put more money into crypto than you can stomach losing? If so, then you need to sell now. On the other hand, was your original plan predicated on a long term time frame for investment, and did you commit to a level of capital exposure that you were comfortable not needing access to for the foreseeable future? If so, then there is no reason to sell. If you find yourself somewhere in between those two extremes, take as much off the table as you need to in order to feel comfortable with your remaining exposure, even if that means selling at a loss.
There is nothing in the price action as of this writing that indicates the selling is letting up. This could change in the next hour, day, week or month, but there is significant technical damage in the market here and it would not be responsible to expect a snapback to new highs in the short term. If this were the stock market, I would be out of 100% of my trading positions given this tape. But this is crypto, an emerging asset class that necessitates a bit more wiggle room for volatility. That nevertheless doesn't excuse turning a blind eye toward risk management, which is why you need to think very carefully about the considerations elucidated in the foregoing paragraph. Many new investors to the space got caught up in the headlines of what they could have made if they had bought bitcoin last year. This often gets confused with an expectation that buying in now will entitle you to similar future gains. It will not. Those moves have been made, and for all we know, crypto as an asset class may end 2018 with a loss, as those who did get in early and made bundles, look to preserve their capital and book their outsized profits.
Trade carefully, and good luck.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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SirShroomsAlott
Howdy



Registered: 05/15/14
Posts: 6,945
Loc: United States
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: geokills]
#24918588 - 01/16/18 03:27 PM (6 years, 13 days ago) |
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Yeah actually listen to that ^. I've already taken my investment back out of cryptos and have just kept my profits in so while I don't want to lose it and it would suck if I did, I can still afford to lose it.
Never invest what you can't afford to lose.
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trendal
J♠



Registered: 04/17/01
Posts: 20,815
Loc: Ontario, Canada
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: McGrimm] 1
#24918620 - 01/16/18 03:39 PM (6 years, 13 days ago) |
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Quote:
McGrimm said: Aaaaaaand . BTC Drops to below 11k . . just wow.
I bought in at 11.7 thinking it was a steal!!
Just hit $9035 on Binance
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Once, men turned their thinking over to machines in the hope that this would set them free. But that only permitted other men with machines to enslave them.
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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: trendal]
#24918638 - 01/16/18 03:45 PM (6 years, 13 days ago) |
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finex is still 10.7k too bad we can't buy from one and sell instantly on another.
-------------------- “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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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: Stonehenge]
#24918699 - 01/16/18 04:03 PM (6 years, 13 days ago) |
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Back up over 11k but it could still fall much farther or go back up some
-------------------- “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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LogicaL Chaos
Ascension Energy & Alien UFOs




Registered: 05/12/07
Posts: 69,325
Loc: The Inexpressible...
Last seen: 28 minutes, 39 seconds
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: trendal]
#24918819 - 01/16/18 04:55 PM (6 years, 13 days ago) |
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Quote:
trendal said:
Quote:
McGrimm said: Aaaaaaand . BTC Drops to below 11k . . just wow.
I bought in at 11.7 thinking it was a steal!!
Just hit $9035 on Binance 
BAIL! BAIL!
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