Crypto currency
- Thread starter djbombsquad
- Start date
Whisky
Well-known member
You wouldn’t be fancying bch? That’s really low at the mo.....
Dustin07
Legend
Bottom for yesterday.
I think so
Whisky
Well-known member
Honestly I get the feeling there’s a lot of money to be made at some point this year - question is when.....
NoAddedHmones
Well-known member
How are you valuing ETH? What is prompted you to suggest its good value?
ax1
Legend
All I can say is, I never put in money that made me cry if I lost it....not happy about whats going on but at the end of the day I still have the same amount of coins before the crash so Im just holding onto them and riding it out. I know the moment I sell thinking I can repurchase lower the price goes right back up before I do, lol.
rascal14
Well-known member
Nothing other than the large amount of coins being built off its platform. So many coins people have gotten rich off of wouldn’t have happened without ETH, if it fails then I honestly would give up on crypto altogether. But, I also haven’t read a single article on crypto in months, so a lot could’ve developed in that time. Hell, ETH has dropped even more since I said that. Not having money is usually a good thing for me in hindsight. Lol
NoAddedHmones
Well-known member
IMO CC market’s are currently more a sell the fkn rally instead of buy the fkn dip. Come June will be the real test when google completely stop advertising crypto’s.
Bubbles are reliant on potato investors keeping up the demand side, once that dissipates winter will come, usually hard and very fast.
ax1
Legend
With all the deals Ripple has had with big institutions, the Korea app, 61 Japanese banks, etc.... Im really shocked it hit .55 cents this morning.
Dustin07
Legend
ETH has a lot of FUD all the sudden with ICOs getting bitch slapped, and LTC has a lot of good news right now with pairings at places like Abra, and Charlie Lee supposedly setting a lot of new records for LTC upgrades.
XRP is the weird one, with having by far the most positive news in terms of long term and even short term adoption...
as far as not investing more than you can lose.. I agree, on some level. But there is also something to be said for taking a risk on something you believe in. I'm heavily invested in Crypto but my cost basis on XRP is still sub $.40. All of mine are locked down in cold storage which is great because not only are they safe from hackers... but they're safe from me panic selling, lol.
The way I see it, if XRP goes up, I retire young. If it goes down, oh well. I'll go down with the ship and rebuild what I had lost in the investment.
ax1
Legend
XRP is different as it isnt marketed or used as a payment method. Its really just a solution to a long term problem and looked now as simply an asset. Also, since its already pre-mined that takes out some market interest as well imo although I dunno how significant that would be.
kisaj
Legend
Agree with all this and you could swap out XRP for several projects right now, but none more than XLM. With IBM partnership, great use case, and vision, it's hard to believe it was the largest loser last week.
Dustin07
Legend
I wouldn't trade my XRP for XLM. Not when Ripple has American Express, Santander, the Central Bank of UK and UAE, with IDT, Mercury FX, MoneyGram, Western Union and Cuallix all actually utilizing XRP, etc. I haven't seen anything else come from Stellar but Ripple is signing 1-2 banks per week right now and sits on many regulatory boards.
I don't think a lot of people realize how many companies are actually already using XRP via xRapid and how many dozens more are utilizing xCurrent and/or trialing XRP.
Dustin07
Legend
ah, it's funny you bring that up. we were comparing the december bull run to a number of currencies that are paired to USD and most of them peaked around dec 19th with BTC then began their decline, whereas XRP continued to rise until Jan 4th.
It's so weird how they all walk step in step (although believable seeing as how many coins require you to buy BTC or ETH to get the coin in the first place). but XRP at times really can buck the trend nicely. especially with the KRW interest in it. hoping it does it again soon.....
rascal14
Well-known member
That’s actually a really good comparison. Lol
Dustin07
Legend
I think the one major thing that could help separate alt coins from BTC is more fiat pairing. I think setting XRP as a standard pairing for most cryptos makes sense, and my understanding is that SBI's virtual exchange will do exactly that, which would give XRP a heads up since everyone would have to buy XRP in order to buy anything else (right now I have to buy either ETH or BTC to buy ANY coin because the only exchanges compliant with WA state regulation don't do direct fiat > alt coin really except coinbase)
Arrington XRP I believe is one of the few places that does this right now. everything is denominated in XRP. But his is quiet. very large ($100m hedge fund) but quiet. only select investors are able to get in.
Dustin07
Legend
Hell yeah I have an agenda, I didn't invest to lose. lol
Mike NCR
New member
Is he selling, or is he just an enthusiastic believer in the product? I've been following this thread from the beginning, and there's been people speaking manically of all sorts of CC, about how Golem or ETH is amazing, etc. All crypto is a speculative gamble, some more than others, but XRP certainly has a lot more going for it than most.
kisaj
Legend
Oh, there is a clear difference between mentioning a project and it's benefits and shilling. That is clear shilling and he said as much. XRP is a fine project, but certainly no better than at least 5 others I could name right off the top of my head. Enthusiasm is fine, but cheesy selling with grandiose ideas is lame.
rascal14
Well-known member
Is this tracking the "coins" themselves, or just addresses involved in illicit activities? I only skimmed quickly, but doesn't seem like a big deal as long as you aren't using crypto for criminal activity.
djbombsquad
Board Sponsor
***NOT TRADING ADVICE***
Hey guys, I've been pretty distant from Facebook and ig and posting about Crypto for a little while now. My buddy is still working on Zenzo and making moves behind the scenes.
Let me explain why...
Before we get too far into this I need you guys to understand that I could be totally wrong and I have been wrong plenty of times before. I just ask that you read this with an open mind and use rational thought when processing what I'm about to lay out in front of you.
For the past two months my partner has been spending a lot of time around some pretty powerful people. Including and not limited to SEC attorneys, Investment bankers, hedge fund managers, CEOs, and developers in the blockchain space. He’s been absorbing everything he can from all of these individuals and he has pieced together something that a lot of people will think I'm crazy for thinking.
We believe that Bitcoin will fall below $2,000 USD this year and a major crash is inevitable.
So while He was in Dallas, TX for the Bitcoin super conference he spent a lot of time with an SEC attorney and heard a side of the story that he had never previously paid any attention to....
There has not been a single ICO that has registered with the SEC let alone followed all of the regulations laid out by them to date.
Not even three weeks later 80 subpoenas were issued going after numerous projects in the space.
Which made me wonder why this was such a big deal to the people that understand these laws and regulations. I thought, why can't we just not hold any coins that did fundraising?
Well... Because the problem isn't actually with the securities (tokens) themselves. The problem lies in the fact that every single exchange is at risk of being shut down for allowing the trade, both anonymously and with KYC, of illegal securities.
My eyes didn't start to open until I remembered that Facebook/Instagram banned Crypto advertising... And then Google banned them... And then Twitter.
Why?
Marketing illegal securities is a crime just as much as trading them and distributing them.
Not too long ago Bittrex released a list of some 50+ projects they are removing from their site.
Binance announces they are investing heavily into a decentralized exchange. The only logical reason for them to take action in creating that platform is because agencies are starting to ask for documents and user information. (Remember US investors aren't required to submit KYC/AML documents to access their trading platform)
We all know regulations are coming and they are already happening.
The thing most people are skipping right over is what happens before regulation happens.
All of the fraudulent platforms/exchanges/projects will be prosecuted and dealt with before the new systems get put into play.
We all know what happens when any negative rumor or news article gets passed around... Bitcoin drops in price from "FUD"
Imagine what happens when Bittrex, or Binance, or KuCoin gets completely shut down from government intervention.
I'm not posting this to scare anyone into selling their coins. That is not my goal. My goal has always been to provide accurate information to help others in their crypto journey.
I'm comparing the current state of the crypto markets to the dot-com bubble.
When the bubble popped some of the most profitable companies were started in the aftermath.
I will then take new positions in the market at better prices just like the institutional guys will do.
Nobody is denying that Blockchain is the future. I just want to make sure you guys have the information you need to make smart money moves in such an uncertain time.
The evidence is piling up and new things are coming out everyday that don't really mean much on their own. Start to connect the dots and you will see a bigger picture being painted right under our noses.
Be safe.
Best of luck and thank you for reading
Hey guys, I've been pretty distant from Facebook and ig and posting about Crypto for a little while now. My buddy is still working on Zenzo and making moves behind the scenes.
Let me explain why...
Before we get too far into this I need you guys to understand that I could be totally wrong and I have been wrong plenty of times before. I just ask that you read this with an open mind and use rational thought when processing what I'm about to lay out in front of you.
For the past two months my partner has been spending a lot of time around some pretty powerful people. Including and not limited to SEC attorneys, Investment bankers, hedge fund managers, CEOs, and developers in the blockchain space. He’s been absorbing everything he can from all of these individuals and he has pieced together something that a lot of people will think I'm crazy for thinking.
We believe that Bitcoin will fall below $2,000 USD this year and a major crash is inevitable.
So while He was in Dallas, TX for the Bitcoin super conference he spent a lot of time with an SEC attorney and heard a side of the story that he had never previously paid any attention to....
There has not been a single ICO that has registered with the SEC let alone followed all of the regulations laid out by them to date.
Not even three weeks later 80 subpoenas were issued going after numerous projects in the space.
Which made me wonder why this was such a big deal to the people that understand these laws and regulations. I thought, why can't we just not hold any coins that did fundraising?
Well... Because the problem isn't actually with the securities (tokens) themselves. The problem lies in the fact that every single exchange is at risk of being shut down for allowing the trade, both anonymously and with KYC, of illegal securities.
My eyes didn't start to open until I remembered that Facebook/Instagram banned Crypto advertising... And then Google banned them... And then Twitter.
Why?
Marketing illegal securities is a crime just as much as trading them and distributing them.
Not too long ago Bittrex released a list of some 50+ projects they are removing from their site.
Binance announces they are investing heavily into a decentralized exchange. The only logical reason for them to take action in creating that platform is because agencies are starting to ask for documents and user information. (Remember US investors aren't required to submit KYC/AML documents to access their trading platform)
We all know regulations are coming and they are already happening.
The thing most people are skipping right over is what happens before regulation happens.
All of the fraudulent platforms/exchanges/projects will be prosecuted and dealt with before the new systems get put into play.
We all know what happens when any negative rumor or news article gets passed around... Bitcoin drops in price from "FUD"
Imagine what happens when Bittrex, or Binance, or KuCoin gets completely shut down from government intervention.
I'm not posting this to scare anyone into selling their coins. That is not my goal. My goal has always been to provide accurate information to help others in their crypto journey.
I'm comparing the current state of the crypto markets to the dot-com bubble.
When the bubble popped some of the most profitable companies were started in the aftermath.
I will then take new positions in the market at better prices just like the institutional guys will do.
Nobody is denying that Blockchain is the future. I just want to make sure you guys have the information you need to make smart money moves in such an uncertain time.
The evidence is piling up and new things are coming out everyday that don't really mean much on their own. Start to connect the dots and you will see a bigger picture being painted right under our noses.
Be safe.
Best of luck and thank you for reading
djbombsquad
Board Sponsor
It’s business friend and my post combined. I just reposted from my Facebook group.
ax1
Legend
What news with NEO are you talking about? I have a tiny amount of that.
Dustin07
Legend
There's some FUD in this.
For one thing, tZero filed last year;
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For another, the Mt Gox trustee has been selling off BTC every time the price rebounds to around $9k+. then it dips. then it rebounds, then he sells again. to the tune of $54,000,000. If you check Bitfinex right now, a 6,000 BTC sell would go DEEP into the order books.
If you don't trust your exchange, get a cold storage wallet.
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I believe this is the wallet address;
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from what I can see, the last 30,000 BTC he sold went to a Bittrex wallet.
Invalid Link Removed
rascal14
Well-known member
What do you guys think on EOS? I forgot I had some stashed away, looks like I'm in the red a bit on it.. I know it had some not so good news a couple weeks ago? I'm wondering if it'll get back to $7+ or if I should take the small loss and trade for something else at this point. Same goes for GNT, got rid of most of them but still have a small amount just doing nothing.
Dustin07
Legend
I don't know much about it, but it's an ERC20 token right? With what Coinbase is doing now some ERC20 tokens are likely to get a nice shove this year.
rascal14
Well-known member
I didn’t see that, nice.
rascal14
Well-known member
It always seems I get super busy with life right as Crypto gets hectic in either direction, I am way out of the loop right now. Lol