Current Events > Crypto General #1: Bearish af

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HypnoCoosh
12/13/17 11:27:46 AM
#402:


Returning_CEmen posted...
KainWind posted...
What altcoins would you guys recommend looking into with ~$90 worth of BTC on Binance? Currently sitting on these, but I'm not opposed to adding to them. I might wait a bit since they all seem to be on highs right now.

IOTA
MANA
XRP
ARK
TRX
REQ
VEN
XMR
BAT

XLM


NXT
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TheSockMonster
12/13/17 11:28:19 AM
#403:


TheSockMonster posted...
also, should one buy Ethereum now as it could keep increasing beyond $1k? or, should one wait for it to decrease and stabilize a bit before buying it?

basically, do you think it will continue to increase indefinitely into the near future, or do you foresee it decreasing a bit and stabilizing?

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HypnoCoosh
12/13/17 11:30:38 AM
#404:


TheSockMonster posted...
TheSockMonster posted...
also, should one buy Ethereum now as it could keep increasing beyond $1k? or, should one wait for it to decrease and stabilize a bit before buying it?

basically, do you think it will continue to increase indefinitely into the near future, or do you foresee it decreasing a bit and stabilizing?


It's going to keep going up. Waiting will only mean paying more.
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Muffinz0rz
12/13/17 12:07:43 PM
#405:


Get ready to buy, all the big 3 on coinbase have been dropping slowly. BTC at 16.9k, ETH at 719 (which is still way up from yesterday, but it's still dropping), LTC at 323
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Returning_CEmen
12/13/17 12:09:54 PM
#406:


HypnoCoosh posted...
Returning_CEmen posted...
KainWind posted...
What altcoins would you guys recommend looking into with ~$90 worth of BTC on Binance? Currently sitting on these, but I'm not opposed to adding to them. I might wait a bit since they all seem to be on highs right now.

IOTA
MANA
XRP
ARK
TRX
REQ
VEN
XMR
BAT

XLM


NXT

NXT took a dump earlier, but it has recovered.
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BignutzisBack
12/13/17 12:10:03 PM
#407:


Muffinz0rz posted...
Get ready to buy, all the big 3 on coinbase have been dropping slowly. BTC at 16.9k, ETH at 719 (which is still way up from yesterday, but it's still dropping), LTC at 323


Give me money pls
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clearaflagrantj
12/13/17 12:28:40 PM
#408:


HypnoCoosh posted...
@clearaflagrantj posted...
Can't say for sure how XRP will pan out, just saying that it's not going to $17,000, that would require a market cap of $750T.


Can you explain something?

What determines market cap?

Is the volume part of the formula?

What if two competing block chain technologies are starting off at the same time with the volume...? What determines the value?

Coins * Price of coins

BignutzisBack posted...
I feel like new crypto added to coinbase would be most damaging by far to Litecoin

It won't help, I'm glad at least LTC had tgat massive rally before any new coins were added though, so it's becoming a household term.

emblem boy posted...
Will there just eventually be only a few coins in the future? I don't get why there's a coin for every type of situation

There will be a few dominant ones, but all ships will rise; so while some may breakout and dominate the world (ETH), others will still be valuable and serve a different purpose (SC, BAT)

TheSockMonster posted...
also, should one buy Ethereum now as it could keep increasing beyond $1k? or, should one wait for it to decrease and stabilize a bit before buying it?

basically, do you think it will continue to increase indefinitely into the near future, or do you foresee it decreasing a bit and stabilizing?

All cryptos may pull back a bit but it's not worth guessing, just buy in small increments every day until you get to your limit (i.e. $1000 every day).

I think cryptos will boost hard after the CME opens next Monday. BTC first, then all alts will follow. This will be a mega rally if the price continues to consolidate and stabilize like it's doing right now.
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HypnoCoosh
12/13/17 12:30:42 PM
#409:


clearaflagrantj posted...
Coins * Price of coins


But what does this have to do with market cap and how is the price of a coin established?

What makes more coins worth more?

How does the peer-to-peer tech come into play?
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closetkpopfan
12/13/17 12:30:57 PM
#410:


If you have NXT there is an Ignis air drop coming around Christmas, you will get 0.5 Ignis coins for every NXT you have. I bought some when it was at .20 so I've nearly quadrupled my profit on it already. Wish I had bought way more back then, but oh well. I was going to get more the other day, I put $300 in and transferred to Bittrex, only to see bitcoin immediately start it's dip from 17k to under 15k. Been waiting for bitcoin to go back up to trade that $300, but it seems to be holding around 17k right now.

Not to mention NXT is at .70 a coin now, been hoping for bitcoin to push 20k and NXT to drop a bit, but I may need to just go ahead and trade it instead of hoping for something that may not happen how I want it to.
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HypnoCoosh
12/13/17 12:32:06 PM
#411:


closetkpopfan posted...
If you have NXT there is an Ignis air drop coming around Christmas, you will get 0.5 Ignis coins for every NXT you have. I bought some when it was at .20 so I've nearly quadrupled my profit on it already. Wish I had bought way more back then, but oh well. I was going to get more the other day, I put $300 in and transferred to Bittrex, only to see bitcoin immediately start it's dip from 17k to under 15k. Been waiting for bitcoin to go back up to trade that $300, but it seems to be holding around 17k right now.

Not to mention NXT is at .70 a coin now, been hoping for bitcoin to push 20k and NXT to drop a bit, but I may need to just go ahead and trade it instead of hoping for something that may not happen how I want it to.


I still can't understand why NXT won't go any higher?
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closetkpopfan
12/13/17 12:34:06 PM
#412:


HypnoCoosh posted...
I still can't understand why NXT won't go any higher?


It will closer to the air drop. It will probably get a pump and dump, no idea how high it will go though. Plus there will be a lot of people who want the Ignis coins so many will wait to dump until after the air drop.
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clearaflagrantj
12/13/17 12:42:24 PM
#413:


Now is the time to buy BTC/ETH/LTC

Plan to buy more if this is a dead cat bounce and it drops harder
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clearaflagrantj
12/13/17 12:48:51 PM
#414:


HypnoCoosh posted...

But what does this have to do with market cap and how is the price of a coin established?

What makes more coins worth more?

How does the peer-to-peer tech come into play?

Market cap valuation is the amount of coins * the number of coins circulating, as in how much total money is invested in the crypto. Some cryptos are worth more than others because they have better marketing, better developers, better histories, better road maps for the future, better technology, and it serves a useful function.

For example XMR and DASH are both crypto currencies purposed for privacy, right now both are top 10 coins, but I invest in XMR because I believe that technology behind XMR will become more valuable in the future.

An important thing to know is that market caps are still HIGHLY speculative, and I have three examples why:

1. Bcash
2. Bitcoin Gold
3. Bitconnect

1 is a Korean pump and dump scam trying to steal the brand name, 2 is a lame attempt to hype up a garbage altcoin but create it from a soft fork instead of starting as an alt like Vertcoin, and 3 is a literal, actual Ponzi scam.

Yet all three have very high market caps because most people don't know any better. The "correct" market values will find themselves over the next few years, we are still only in crypto's infancy.
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clearaflagrantj
12/13/17 12:50:33 PM
#415:


clearaflagrantj posted...
Now is the time to buy BTC/ETH/LTC

Plan to buy more if this is a dead cat bounce and it drops harder

All three just rebounded about 5% in the past couple of minutes.

Keep an eye on the prices to see if this will stabilize as a support (very strong sign) or if it will fall and break down further.
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Esrac
12/13/17 1:09:38 PM
#416:


Fuck me. I went to buy $25 worth of LTC when it was listed at $296, but by the time.the purchase went through, it had jumped to $316 and I got charged at that price point.
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FightingGames
12/13/17 1:13:13 PM
#417:


i have a feeling that this bull run will crash soon because everyone knows about crypto now
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Jabodie
12/13/17 1:14:07 PM
#418:


Esrac posted...
Fuck me. I went to buy $25 worth of LTC when it was listed at $296, but by the time.the purchase went through, it had jumped to $316 and I got charged at that price point.

It tells you the exchange rate right before purchase. Just keep an eye out.
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clearaflagrantj
12/13/17 1:16:39 PM
#419:


FightingGames posted...
i have a feeling that this bull run will crash soon because everyone knows about crypto now


Ask actual people in real life how much bitcoin and ethereum they have and they will laugh at you
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BignutzisBack
12/13/17 1:17:17 PM
#420:


ok wtf usually when bitcoin drops the alts shoot up why are all 3 dipping hard?
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clearaflagrantj
12/13/17 1:27:29 PM
#421:


BignutzisBack posted...
ok wtf usually when bitcoin drops the alts shoot up why are all 3 dipping hard?

It depends on the context behind the price movement. Typically all three rise and fall together, only when something rare happens will a coin rally or crash on its own.

Right now this is just people taking their profits out and FUD leading into the CME futures, even with this modest pullback we are still seeing phenomenal growth.

I think all three will fall another 10-20% percent or so and then will rally hard next week after CME futures open up tbh.
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Jabodie
12/13/17 1:27:57 PM
#422:


Thinking about putting some money into XPR as my first ALT.
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FLUFFYGERM
12/13/17 1:29:40 PM
#423:


Gonna let LTC settle a little more and then I'll be buying that shit up.
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clearaflagrantj
12/13/17 1:30:49 PM
#424:


If you don't believe me check out the 1d chart for BTC/USD on GDAX. Dec 6 and 7 were a massive rally, now a triangle is forming and the price will oscillate and get tighter and tighter around 16,000-17,000 and will probably blast off up to +25K in a week

Or crash, who knows
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Oranges2Oranges
12/13/17 1:33:29 PM
#425:


Checked my coinbase account less than a minute apart and gained 1k back after losing 3k. Good lord. Need to stop doing that.
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Esrac
12/13/17 1:33:29 PM
#426:


clearaflagrantj posted...
BignutzisBack posted...
ok wtf usually when bitcoin drops the alts shoot up why are all 3 dipping hard?

It depends on the context behind the price movement. Typically all three rise and fall together, only when something rare happens will a coin rally or crash on its own.

Right now this is just people taking their profits out and FUD leading into the CME futures, even with this modest pullback we are still seeing phenomenal growth.

I think all three will fall another 10-20% percent or so and then will rally hard next week after CME futures open up tbh.


Is there something expected from the CME futures? I'm new to this, so I admit I am a bit nervous to see these numbers dropping so much.
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clearaflagrantj
12/13/17 1:40:06 PM
#427:


Esrac posted...
Is there something expected from the CME futures? I'm new to this, so I admit I am a bit nervous to see these numbers dropping so much.

Oh this is nothing, a 10-15% 24h drop is a nice walk in the park, especially after the massive rally we just had this type of pullback is like clockwork. People that held see their gains and sell for profits, happens all the time.

As for the futures, institutional investors will be able to speculate and bet on the price of Bitcoin without actually buying any. This means billions of dollars will guess on whether Bitcoin's price will go up or down. Many people theorize that these investors betting on the price of Bitcoin will also buy or sell actual Bitcoin to manipulate the price and win their bets, for example someone with a shitload of money could hypothetically:

1. Buy a fuckton of Bitcoin right now
2. Bet that the price will go down on the futures market when it opens
3. Sell their gigantic collection of Bitcoin to induce a panic crash and cause the price to plummet, ensuring their bet wins

If you ask me I don't think anyone is actually powerful enough and brave enough to do it, I just think the futures markets means more money will be in the crypto space and that long term it is either net neutral or net positive for bitcoin and altcoins.
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Turbam
12/13/17 1:42:14 PM
#428:


How do you exchange ETH for BTC?
I wanted to buy some alt coins off of cryptopia but I can't seem to buy anything with eth.
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clearaflagrantj
12/13/17 1:47:07 PM
#429:


Turbam posted...
How do you exchange ETH for BTC?
I wanted to buy some alt coins off of cryptopia but I can't seem to buy anything with eth.

BTC/ETH is an extremely common trading pair where you can trade directly between the two. Trade your ETH into BTC then use that BTC for altcoins.

There's also something called Shapeshift, but I have no fucking clue what it is, I'm assuming it trades cryptos into different cryptos automatically for a fee.
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Returning_CEmen
12/13/17 2:10:05 PM
#430:


clearaflagrantj posted...
Turbam posted...
How do you exchange ETH for BTC?
I wanted to buy some alt coins off of cryptopia but I can't seem to buy anything with eth.

BTC/ETH is an extremely common trading pair where you can trade directly between the two. Trade your ETH into BTC then use that BTC for altcoins.

There's also something called Shapeshift, but I have no fucking clue what it is, I'm assuming it trades cryptos into different cryptos automatically for a fee.

Still got charged a transfer fee from Coinbase. I tried it a couple of days ago to get my Gatehub account to let me buy ripple.
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emblem boy
12/13/17 2:10:40 PM
#431:


BlazinBlue88 posted...
@NoMeLx22x - no then. It's an annual 10% interest so you would only make 0.5 Ark if you staked for a year.

emblem boy posted...
Says pending on coinbase but doesn't say that for bitrex

It will never say pending on the receiver side, only the sender. Personally I've seen it take as quick as 5 mins and as long as 2 hours.


It's been 6 hours now
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Returning_CEmen
12/13/17 2:12:02 PM
#432:


emblem boy posted...
BlazinBlue88 posted...
@NoMeLx22x - no then. It's an annual 10% interest so you would only make 0.5 Ark if you staked for a year.

emblem boy posted...
Says pending on coinbase but doesn't say that for bitrex

It will never say pending on the receiver side, only the sender. Personally I've seen it take as quick as 5 mins and as long as 2 hours.


It's been 6 hours now

If you funds are on bitrex, then you are good.
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emblem boy
12/13/17 2:19:14 PM
#433:


Returning_CEmen posted...
emblem boy posted...
BlazinBlue88 posted...
@NoMeLx22x - no then. It's an annual 10% interest so you would only make 0.5 Ark if you staked for a year.

emblem boy posted...
Says pending on coinbase but doesn't say that for bitrex

It will never say pending on the receiver side, only the sender. Personally I've seen it take as quick as 5 mins and as long as 2 hours.


It's been 6 hours now

If you funds are on bitrex, then you are good.


They aren't
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Returning_CEmen
12/13/17 2:22:55 PM
#434:


emblem boy posted...
Returning_CEmen posted...
emblem boy posted...
BlazinBlue88 posted...
@NoMeLx22x - no then. It's an annual 10% interest so you would only make 0.5 Ark if you staked for a year.

emblem boy posted...
Says pending on coinbase but doesn't say that for bitrex

It will never say pending on the receiver side, only the sender. Personally I've seen it take as quick as 5 mins and as long as 2 hours.


It's been 6 hours now

If you funds are on bitrex, then you are good.


They aren't

I had to wait all day for a transaction to process last week. It happens.
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Meadz
12/13/17 2:25:42 PM
#435:


Yea, BTC transfers take hours. Eth and LTC are a bit faster
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BignutzisBack
12/13/17 2:43:09 PM
#436:


What the hell I didn't realize eth dropped to 610 last night I wish I wohkd have got in on that smh
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HypnoCoosh
12/13/17 2:43:41 PM
#437:


BignutzisBack posted...
What the hell I didn't realize eth dropped to 610 last night I wish I wohkd have got in on that smh


Set an alarm yo
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BignutzisBack
12/13/17 2:44:47 PM
#438:


HypnoCoosh posted...
BignutzisBack posted...
What the hell I didn't realize eth dropped to 610 last night I wish I wohkd have got in on that smh


Set an alarm yo


Something is wrong with my alerts I set one for 650 earlier and it didn't trigger
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NightMarishPie
12/13/17 2:46:50 PM
#439:


Dammit, someone posted about ripple on here like a month ago and I almost dropped like 500 on it too
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Esrac
12/13/17 2:56:25 PM
#440:


BignutzisBack posted...
HypnoCoosh posted...
BignutzisBack posted...
What the hell I didn't realize eth dropped to 610 last night I wish I wohkd have got in on that smh


Set an alarm yo


Something is wrong with my alerts I set one for 650 earlier and it didn't trigger


I've tried setting alarms on Coinbase, but by the time they trigger, the price has already gone back up. They also don't seem to play a sound cue or vibrate my phone.
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KainWind
12/13/17 2:57:08 PM
#441:


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clearaflagrantj
12/13/17 2:59:07 PM
#442:


NightMarishPie posted...
Dammit, someone posted about ripple on here like a month ago and I almost dropped like 500 on it too

I could see Ripple getting a big rally soon, I was planning on at least getting a bit more skin in the game, I only have like 250 XRP.
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SomeLikeItHoth
12/13/17 3:10:26 PM
#443:


I get paid tomorrow and will probably dip $100 or so into btc and transfer to binance for alt coins. Looking to get BAT, NXT and possibly some Ripple. Thoughts?
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samurai bandit
12/13/17 3:15:33 PM
#444:


BAT and Ripple sounds good. I only have invested in BAT and considered Ripple but didnt end up buying it.

However I do suggest that if you are looking for high risk high reward coins to go for MANA as I've mentioned before. It has doubled in 4 days plus it's going to be added to more exchanges and a new beta is coming up.

Disclaimer: I own BAT and MANA
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SomeLikeItHoth
12/13/17 3:16:56 PM
#445:


How much is MANA per coin? I've been wanting a coin that only costs pennies so I can buy hundreds at a time.
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Meadz
12/13/17 3:22:48 PM
#446:


MANA is 10 cents right now. Last week i think it was only 4 cents
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Returning_CEmen
12/13/17 4:22:02 PM
#447:


Ive been telling you guys to jump on TRX and it's up 99.9%. If only I invested more than just $80 in it.
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samurai bandit
12/13/17 5:44:53 PM
#448:


Meadz posted...
MANA is 10 cents right now. Last week i think it was only 4 cents


This. Right now its at 0.11 and I bought at 0.05 last Saturday.
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BignutzisBack
12/13/17 5:47:28 PM
#449:


I really believe in Mana I just don't feel comfortable of sacrificing any of my Bitcoin to buy it
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Talks
12/13/17 5:49:01 PM
#450:


I never got on to Ripple because I think right on their website it says the goal was to have a non-volatile price. So I thought they were happy where they were.
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The_Juice_
12/13/17 6:00:19 PM
#451:


On one hand altcoins are where the quick money is at.

On the other hand it's a lot more work and bittrex just got hacked.

Hmm
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