|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 7 hours
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: waves] 3
#24921851 - 01/17/18 08:49 PM (6 years, 11 days ago) |
|
|
Quote:
waves said: I could be completely wrong about this, but based on my admittedly small amount of research related to bubbles, I feel like we are recently exiting the "return to normal" stage.

I'm going to suggest that we're just starting the "media attention" part of the chart.
Take this fact into consideration. The total market value for all crypto coins combined is around $500 billion today, that's less than the market cap for Fackbook stock ($515 billion).
The point is that this sector will likely match gold which is around $7 trillion today or even surpass it.
|
Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: qman] 2
#24921856 - 01/17/18 08:52 PM (6 years, 11 days ago) |
|
|
Yes, look at all the people who sold out of btc when it went up to 100 and crashed down to 70 or whatever. They are kicking themselves now
-------------------- “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
|
SirShroomsAlott
Howdy



Registered: 05/15/14
Posts: 6,945
Loc: United States
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: qman]
#24921860 - 01/17/18 08:54 PM (6 years, 11 days ago) |
|
|
I personally think that day won't come until after the bubble eventually does pop and the true survivors and best tech stick around to thrive like the last bubble I'm aware of. Not saying crypto is a bad investment, blockchain and IMO soon even blockless ledger will be way bigger then it is now, more just saying this as a reminder to everyone to invest into good and real projects if they're putting money into this market unless they're okay with gambling money they're perfectly okay with losing.
|
waves

Registered: 04/03/10
Posts: 2,213
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Stonehenge]
#24921864 - 01/17/18 08:56 PM (6 years, 11 days ago) |
|
|
Quote:
Stonehenge said: Waves, I understand the feeling of seeing your money vanish but panic selling is usually a mistake. Invest what you can afford to lose and let it ride is my pov. But you do what you gotta do.
When I cashed out a few days ago I took major profits. I just had a feeling a price drop was coming, and I am greedy for more coins
|
waves

Registered: 04/03/10
Posts: 2,213
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: qman]
#24921871 - 01/17/18 08:59 PM (6 years, 11 days ago) |
|
|
Quote:
qman said:
Quote:
waves said: I could be completely wrong about this, but based on my admittedly small amount of research related to bubbles, I feel like we are recently exiting the "return to normal" stage.

I'm going to suggest that we're just starting the "media attention" part of the chart.
Take this fact into consideration. The total market value for all crypto coins combined is around $500 billion today, that's less than the market cap for Fackbook stock ($515 billion).
The point is that this sector will likely match gold which is around $7 trillion today or even surpass it.
You guys could absolutely be right. I could definitely miss out on some potential profits. It will probably only be a matter of days/weeks before I start buying back in. I kinda just want to see how the next few days/week plays out.
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 7 hours
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Stonehenge] 1
#24921876 - 01/17/18 09:00 PM (6 years, 11 days ago) |
|
|
Quote:
Stonehenge said: Yes, look at all the people who sold out of btc when it went up to 100 and crashed down to 70 or whatever. They are kicking themselves now
There's two bubbles that the MSM won't talk about, a stock market that's at the highest level since 1929 and the bond markets of the world with interest rates at 200 year lows.
How come I never hear a word about the real bubbles?
|
Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: qman]
#24921903 - 01/17/18 09:10 PM (6 years, 11 days ago) |
|
|
>How come I never hear a word about the real bubbles?
Pay no attention to the man behind the curtain
-------------------- “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
|
mndfreeze 
Shroomery Secret Service




Registered: 04/22/02
Posts: 20,529
Loc: PuppetMasterFlash
Last seen: 3 hours, 43 minutes
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Lophosaurus]
#24921904 - 01/17/18 09:11 PM (6 years, 11 days ago) |
|
|
Quote:
Lophosaurus said: I'm just checking out Bittrex and everything is going back up! I'm going to get rid of my junk coins if they get close to what I bought them for. Then I would like to trade against the dollar if I can find a place. I think Bittrex has a Tether market, but I don't know enough about it yet. It seems like a bad idea to buy alt coins based on BTC price because if the alt you buy becomes the standard cryptocoin then bitcoin value will go way own and you'll kind of cancel yourself out, right?
I use the bittrex Tether market to move stuff into Tether when I think they are going to fall or the entire market is peaked and about to dive. When the entire market starts diving like a few days back it doesn't do you much good to trade your alt coin into eth or btc if those drop too. Tether does adjust, but it tries to stay near a stable dollar USD match, or thats its intention anyway.
-------------------- Nothing says love like grannies prolapsed anus! quote]Urb said: I know... Its fucked up... Ill fix it minyana..[/quote]
|
geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 6 hours, 23 minutes
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: mndfreeze]
#24921972 - 01/17/18 09:31 PM (6 years, 11 days ago) |
|
|
I am just 100% sketched out by Tether, can't bring myself to use it. Get verified @ Kraken and trade into real USD's.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
|
mndfreeze 
Shroomery Secret Service




Registered: 04/22/02
Posts: 20,529
Loc: PuppetMasterFlash
Last seen: 3 hours, 43 minutes
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: geokills]
#24922041 - 01/17/18 09:54 PM (6 years, 11 days ago) |
|
|
Quote:
geokills said: I am just 100% sketched out by Tether, can't bring myself to use it. Get verified @ Kraken and trade into real USD's.
I've never sat in it for more then 48 hours. I'm kinda on the fence about it too, but it works for a temp stop loss. I'm not sure how I feel about Kraken yet. I definitely would LOVE to be able to move directly in and out of USD, but I'm also super concerned about their past issues and this whole IRS shennanigans tax shit. I think until trading directly in and out of FIAT is a mainstream thing on all the big exchanges, tether will stick around. I'm a little more sketched about coins that are specifically for a trading site, like BNB. I read an article about how they can be good for investing if you really think the site will do well and last, but man, thats a lot of trust in just a trading site. That one site gets hacked and loses a ton of customers and you might be fucked. At least with most other coins there is a larger project going on and a technical failure or security issue isn't going to make the coin go out of business per say, maybe lose value for a long time, but not out of business like a trading site easily could do.
I like to think so anyway. 
*quick edit*
You know I work for Wells right? Our firewall blocks all sorts of sites you wouldn't think were against employee TOS/handbook. They don't block bittrex. They *DO* block kraken.
-------------------- Nothing says love like grannies prolapsed anus! quote]Urb said: I know... Its fucked up... Ill fix it minyana..[/quote]
|
mndfreeze 
Shroomery Secret Service




Registered: 04/22/02
Posts: 20,529
Loc: PuppetMasterFlash
Last seen: 3 hours, 43 minutes
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: mndfreeze]
#24922045 - 01/17/18 09:55 PM (6 years, 11 days ago) |
|
|
Think about what happened at MtGox, but if they also had a MtGox Coin like binance has BNB.
ouch!
-------------------- Nothing says love like grannies prolapsed anus! quote]Urb said: I know... Its fucked up... Ill fix it minyana..[/quote]
|
trendal
J♠



Registered: 04/17/01
Posts: 20,815
Loc: Ontario, Canada
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Stonehenge] 1
#24922382 - 01/18/18 04:35 AM (6 years, 11 days ago) |
|
|
Quote:
Stonehenge said: I haven't done anything yet. BCH can have its own wallet, probably bcg too. Can't get btx now I guess, sbtc is kind of a unicorn. There are other forks too which may or may not be worth something. Btw was not a fork I don't think and I don't know anything about it. There are some worthless forks like silver which may or may not someday be worth something
I managed to get most of them through two apps: Bither, and Bitpie. I used Coinomi to get BTX.
Bither allows you to add accounts via private keys, then you go to Advanced Options and there is a bunch of "Get XXX" where XXX is the coin you want to pick up (from private keys that you owned at the time of fork). Here's the step where you need Bitpie...apparently Bither only accepts a Bitpie address to send the coins to. So go into Bitpie and grab your address for the coin, then back into Bither to send the coins!
That worked for SBTC, BTW, and BCD.
The BTX I used Coinomi to load a HD wallet that I had in Mycelium, and from there I found that I have some BTX! Just click on the "+Coins" in the menu and hit the Bitcore coin. It should be added to your account.
Note that ALL private keys that I used in this are keys which I have already moved the BTC out of - as a security step in case someone got my keys!!
--------------------
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.
|
geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 6 hours, 23 minutes
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: mndfreeze]
#24922629 - 01/18/18 08:47 AM (6 years, 11 days ago) |
|
|
Quote:
mndfreeze said:
I've never sat in it for more then 48 hours. I'm kinda on the fence about it too, but it works for a temp stop loss. I'm not sure how I feel about Kraken yet. I definitely would LOVE to be able to move directly in and out of USD, but I'm also super concerned about their past issues and this whole IRS shennanigans tax shit.
Kraken as of last week has implemented the major phase of their trading engine update and the site has been performing admirably. Even amidst the unusually high volume of trading we have witnessed over the past week, I have been able to cancel and execute new trades without delay. They are also one of the only, if not the only, exchange to have submitted themselves to a third party audit of BTC reserves, as well as one of the few to have never experienced any theft or hack to date. With a line of communication to one of their dev's, I am confident that they run their business more responsibly than most. Coinbase/GDAX gets an honorable mention too, however I moved away from their platform after they dragged their feet on deciding whether or not to credit user accounts with airdrops like BCH.
Quote:
I'm a little more sketched about coins that are specifically for a trading site, like BNB. I read an article about how they can be good for investing if you really think the site will do well and last, but man, thats a lot of trust in just a trading site. That one site gets hacked and loses a ton of customers and you might be fucked.
I see an exchange based coin as generally more attractive than most of the other crypto coins out there. If we view these coins as representative securities of their underlying operations, the exchanges are making money hand over fist and experiencing exponential growth that almost any other crypto project would kill for. They are a hub of activity for the space and are extremely profitable with accelerating growth. Yes, they are susceptible to theft that could be potentially crushing, but I think you're more likely to suffer a total loss with some of the other outright scam coins that are so prevalent (e.g. BitConnect). Once fully decentralized exchanges (DEX) come to prominence, I wouldn't necessarily want to be holding these exchange based coins, but for now, the centralized exchanges are practically printing money.
I would add that Tether's lack of transparency makes me feel like they are in fact the ones doing the thieving, or in the very least, gross misrepresentation. Their web of connections to suspect businesses, association with Bitfinex and its failure to maintain USD fiat banking relationships, smoke and mirror style of operations (ever claiming to be auditing their operations but never providing any meaningful third party results), having already represented being "hacked" to the tune of tens of millions of dollars worth of tethers (which could conceivably be a cover for their own habit of failing to back their issuance with fiat per their claimed intent)... I don't know man. I feel like Tether could be a black swan that deals a big black eye to the crypto space if these concerns prove truthful and they end up blowing up. I also think that if that worse case scenario were to come to pass, several exchanges that make a habit of offering tether pairs could also face grave consequences.
My fear may ultimately prove unwarranted, but I've seen enough blowups to feel like something is off with Tether. Then again, with the way the fiat world has been able to hold together its own house of cards for so long, perhaps Tether will too. For my part, I would be more inclined to use the DAI stablecoin, as they appear to have a more thoughtful and transparent approach to creating a stable value product, but they aren't as widely used yet so we'll just have to wait and see.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
|
geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 6 hours, 23 minutes
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: mndfreeze]
#24922634 - 01/18/18 08:51 AM (6 years, 11 days ago) |
|
|
Quote:
mndfreeze said: Think about what happened at MtGox, but if they also had a MtGox Coin like binance has BNB.
ouch!
Hehe, this is along the lines of one of the ideas being floated to rehabilitate Mt Gox creditors (of which I am one). The idea being that the exchange can resume business with its ~20-25% of recovered assets, issuing "gox coins" for the balance of creditor assets, so that creditors can choose to cash out at the available rate, or take a hail mary on the future success of a revived Mt Gox, allowing gox coins to appreciate as the company collects trading fees and rebuilds its brand, such that creditors can cash out at a later date under the assumption that the gox coins will have appreciated in value.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
|
Psyche delics
Hypochondriac



Registered: 09/24/15
Posts: 3,644
Last seen: 4 months, 17 days
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: geokills]
#24922719 - 01/18/18 09:46 AM (6 years, 11 days ago) |
|
|
Has anyone ever gotten coins off coinranking they send the crypto directly to your wallet but you have to front them the payment a bit sketchy but easier and more anonymous.
--------------------
|
trendal
J♠



Registered: 04/17/01
Posts: 20,815
Loc: Ontario, Canada
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: geokills]
#24922721 - 01/18/18 09:48 AM (6 years, 11 days ago) |
|
|
geo, I wonder what you think of the "Lightning Network"? I have heard everything from it'll save bitcoin to it will ruin bitcoin 
Personally, I am worried that it will have the opposite effect that most are saying it will: that it will have a centralizing effect with the banks being poised to take over.
--------------------
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.
|
ashfiken
TotalCrazyasshole


Registered: 09/06/06
Posts: 3,072
Loc: SCranton
Last seen: 6 hours, 53 minutes
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: trendal] 1
#24922881 - 01/18/18 11:11 AM (6 years, 11 days ago) |
|
|
Let it be that is the beauty of crytocurrency . Take BTC from us(which I think you may be right on) And we go to another coin uncontrolled by banks
Maybe bch Monero Any coin willing to scale and remain decentralized
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
|
geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 6 hours, 23 minutes
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: trendal] 2
#24922941 - 01/18/18 11:41 AM (6 years, 11 days ago) |
|
|
I think that the development of off-chain channel based scaling strategies such as lightning network are a positive step forward. I also think that on-chain solutions such as sharding are equally important. Scalability is one of the biggest hurdles that must be overcome for distributed ledger technologies to achieve mainstream adoption, and I support active development of a multitude of strategies toward that end.
Neat discussion on scalability, more specifically related to sharding: https://github.com/ethereum/wiki/wiki/Sharding-FAQ
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
|
Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: trendal]
#24923041 - 01/18/18 12:26 PM (6 years, 11 days ago) |
|
|
Thanks for the info, trendal. You can get bch out of electrum wallets by downloading the update or the special electrum wallet and it will transfer right over. I didn't know about that other tec, I'm sure many of our members will find that useful as well. I'm in the process of emptying my electrum so I can do that.
-------------------- “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
|
SirShroomsAlott
Howdy



Registered: 05/15/14
Posts: 6,945
Loc: United States
|
Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Stonehenge]
#24923448 - 01/18/18 03:05 PM (6 years, 11 days ago) |
|
|
Man I'm seriously disappointed with Stratis. The news of a first ICO should be a big deal and it was borderline retarded for them to think announcing it in the middle of a shitstorm was in any way a good idea. They're supposed to be announcing another one at some point and while I think it'll do well in the long term, if they do some dumb shit like this again (and this isn't their first time making big announcements that got swept under the rug due to the timing) then I might lose hope in it going where I was thinking it would.
Granted that the ICO hasn't actually launched yet and they just announced who it was but this is still marketing at it's worst no matter how you look at it.
|
|