Current Events > Crypto General #2 Lambo edition

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Nostradumbass
12/14/17 10:02:12 PM
#202:


clearaflagrantj posted...
emblem boy posted...
clearaflagrantj posted...
The 1250BTC wall @ 17250 is now being attacked on GDAX

Tune in so witness the battle:

https://www.gdax.com/trade/BTC-USD


Que?

BignutzisBack posted...
da fuck how do you tell what these walls are on that site?


Click the depth chart, that shows you the amount of BTC that can be bought and sold at the prices around the market price. If for example there's a shitload of green on the left of the market price, that means there is buying pressure and the price will probably move upwards. A lot of red means sell pressure and people are trying to dump and the price will move down.

Today there has been a massive wall at $17,250 since like, this morning. It's not unusual to see gigantic walls around milestones like 10K, 15K, and 20K, but 17.25K is a bit of a random number. This means that either one whale or a group of whales that have a shitload of BTC have constructed this sell order for ~1200 BTC at 17.25 to dissuade people from thinking that the market can surpass it. Natural movement in the market is typically not aggressive enough to buy up and devour that wall.

The theory is that the whale(s) are manipulating the price down with the illusion of sell pressure, so that the price doesn't slide upwards. I believe they are doing it so that when the CME futures market opens up they can open up longs and get rid of their wall, or even buy cheap BTCs to guarantee their long works.

tl;dr some insanely rich person is playing a dangerous game of chicken with the market.

very interesting. thanks for the info.
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FFVII_REMAKE
12/14/17 10:07:06 PM
#203:


Can anyone give me a quick list of altcoins to consider besides XRP, SIA, CVC, Golem, maid, and ltc?
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Wotswayla
12/14/17 10:07:54 PM
#204:


FFVII_REMAKE posted...
Can anyone give me a quick list of altcoins to consider besides XRP, SIA, CVC, Golem, maid, and ltc?

ETH
ARK
NEO
IOTA
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closetkpopfan
12/14/17 10:12:43 PM
#205:


BignutzisBack posted...
closetkpopfan posted...
I need the alts to start dipping hard and for bitcoin to jump up so I can trade and get some more of the alts I want.


So right now?


I see the alts dipping, but Bitcoin still seems to be holding around 17.5k. I should probably go ahead and do the trade, but I was hoping Bitcoin would jump to like 20k before doing it.
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Jabodie
12/14/17 10:13:24 PM
#206:


Another wall?
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closetkpopfan
12/14/17 10:25:28 PM
#207:


Well I went ahead and just traded about $600 into NXT, hoping for it to moon close to Christmas with the Ignis airdrop. I've already made about $400 off what I put into it when it was around .20 cents, hopefully it at least gets to a $1 by Christmas.
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Jabodie
12/14/17 10:36:50 PM
#208:


Man, there's so much trading going on. This is very fun.
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BignutzisBack
12/15/17 12:26:45 AM
#209:


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Rob Cesternino
12/15/17 5:36:42 AM
#210:


Realistically, how high do you think Ripple will go next year?

The reason I ask is because the supply is huge (38,739,144,847).
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clearaflagrantj
12/15/17 6:55:58 AM
#211:


Rob Cesternino posted...
Realistically, how high do you think Ripple will go next year?

The reason I ask is because the supply is huge (38,739,144,847).

If it matches Bitcoin's current market cap it would be about $7
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ArchangelBaruch
12/15/17 7:13:44 AM
#212:


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BlazinBlue88
12/15/17 8:59:49 AM
#213:


REQ and VEN looking so good right now.

REQ nearly tripled in a week and VEN doubled in a single day.
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Turtlebread
12/15/17 9:03:20 AM
#214:


BlazinBlue88 posted...
REQ and VEN looking so good right now.

REQ nearly tripled in a week and VEN doubled in a single day.


did you have any before the prices rose
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KainWind
12/15/17 9:29:14 AM
#215:


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Turtlebread
12/15/17 9:30:30 AM
#216:


fuck's sake kainwind why didn't you tell me to invest
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KainWind
12/15/17 9:34:42 AM
#217:


I don't trust my judgment. I just blindly follow people. Really though, every time some of mine go up, others go down, so I'm just waiting them all out right now regardless.
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clearaflagrantj
12/15/17 9:41:07 AM
#218:


KainWind posted...
I don't trust my judgment. I just blindly follow people. Really though, every time some of mine go up, others go down, so I'm just waiting them all out right now regardless.

Next week
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Antifar
12/15/17 9:42:13 AM
#219:


Will LTC ever get back up around 400?
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EvalAngell
12/15/17 9:45:55 AM
#220:


Antifar posted...
Will LTC ever get back up around 400?


yes be patient and trust the process. you're not playing table games at a casino with instant results. this is investing. it takes time.
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Muffinz0rz
12/15/17 10:29:24 AM
#221:


EvalAngell posted...
Antifar posted...
Will LTC ever get back up around 400?


yes be patient and trust the process. you're not playing table games at a casino with instant results. this is investing. it takes time.

yeah it's already up at 316 again
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Paranoia2mb
12/15/17 11:10:39 AM
#222:


What are people's thoughts on XLM? I hear of its similarities to Ripple
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clearaflagrantj
12/15/17 11:12:34 AM
#223:


Antifar posted...
Will LTC ever get back up around 400?

Nope. Never again. We have peaked.
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iamintents
12/15/17 11:18:28 AM
#224:


clearaflagrantj posted...
Antifar posted...
Will LTC ever get back up around 400?

Nope. Never again. We have peaked.

Ayyy
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AsucaHayashi
12/15/17 11:29:00 AM
#225:


any beginner's advice for small investments rite nao just to get the ball rolling?

i "just" finished getting everything verified on coinbase and ready to purchase and got done with binance account for alt coins. what should i get in on?

somebody recommended getting ETH and transferring through GDAX(which isn't gonna happen since it requires 2 types of photo IDs and i only have my passport so i'm forced to go through coinbase and their fees) and get in on ripple.

is that still sound advice?
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HypnoCoosh
12/15/17 11:29:50 AM
#226:


XLM is looking good!

Great price to get in
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MuayThai85
12/15/17 11:31:11 AM
#227:


iamintents posted...
my 500 xrp i bought at .15 are gonna buy me a fiat.


I talked to a friend about doing ripple 3 weeks ago around 22 cents. I wanted to wait until Christmas to buy them. The last 2 days have made me fairly depressed.
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BignutzisBack
12/15/17 11:32:38 AM
#228:


One Ethereum will be worth 200,000 grand in 10 years
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BlazinBlue88
12/15/17 11:35:04 AM
#229:


Turtlebread posted...
BlazinBlue88 posted...
REQ and VEN looking so good right now.

REQ nearly tripled in a week and VEN doubled in a single day.


did you have any before the prices rose

Yeah I split $500 evenly between REQ(@$0.10) and VEN(@$0.52). Then a few days later they 2x-3x.

I was hearing a lot of talk about those two coins on the crypto subreddit and clear kept talking about REQ.
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EpicMickeyDrew
12/15/17 12:49:54 PM
#230:


BignutzisBack posted...
One Ethereum will be worth 200,000 grand in 10 years

I don't think so
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twitterfriends
12/15/17 12:54:54 PM
#231:


Everyone should consider making a MyEtherWallet if you want to get in on very new coins and some coins do airdrops and MEW supports ERC-20 tokens, you'll be able to see all your altcoins on it.
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clearaflagrantj
12/15/17 12:57:22 PM
#232:


BlazinBlue88 posted...
clear kept talking about REQ

Yep long that shit
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Jabodie
12/15/17 12:59:23 PM
#233:


clearaflagrantj posted...

Yep long that s***

More promising than TRX?

I'm basically splitting a little money between XRP and another currency. TRX seems like it could be promising, but I'm not experienced at reading these things (obviously).
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BignutzisBack
12/15/17 1:04:51 PM
#234:


EpicMickeyDrew posted...
BignutzisBack posted...
One Ethereum will be worth 200,000 grand in 10 years

I don't think so


it's been confirmed by John Mcafee, done deal tbh
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AsucaHayashi
12/15/17 1:23:32 PM
#235:


Anyone wanna enlighten me on crypto wallets?

assuming i have one set up and backed up etc. would i then have to keep moving funds to and from wallet /exchanges while incurring fees every time i add/withdraw?

is that how most people do it? seems like a lot get lost over time.
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clearaflagrantj
12/15/17 1:29:13 PM
#236:


Jabodie posted...
clearaflagrantj posted...

Yep long that s***

More promising than TRX?

I'm basically splitting a little money between XRP and another currency. TRX seems like it could be promising, but I'm not experienced at reading these things (obviously).

I have no idea what Tron is to be honest, other than that Binance gave me two bucks worth for free
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HypnoCoosh
12/15/17 1:49:04 PM
#237:


twitterfriends posted...
MyEtherWallet


I use Blockfolio it's bad ass
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We make men without chests and expect from them virtue and enterprise. We laugh at honor and are shocked to find traitors in our midst. - C.S. Lewis
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HypnoCoosh
12/15/17 1:49:43 PM
#238:


@Paranoia2mb posted...
What are people's thoughts on XLM? I hear of its similarities to Ripple


I have 420 XLM it's been doing well one of my better ALTs
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We make men without chests and expect from them virtue and enterprise. We laugh at honor and are shocked to find traitors in our midst. - C.S. Lewis
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Slaya4
12/15/17 2:15:35 PM
#239:


Just bought $200 worth of verge. Ive been kind of eyeballing it since it was .01 and now its .02. I know private coins will always be valuable, so Im not too worried about it.
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FightingGames
12/15/17 2:22:20 PM
#240:


do i have to report my crypto activities to the feds, or only when i cash out?
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BignutzisBack
12/15/17 2:46:57 PM
#241:


with all these exhanges having different prices on bitcoin and ethereum is it possible to quickly sell on a higher exchange and then buy more on a cheaper exchange and flip it on a higher one again?
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Jabodie
12/15/17 2:48:25 PM
#242:


BignutzisBack posted...
with all these exhanges having different prices on bitcoin and ethereum is it possible to quickly sell on a higher exchange and then buy more on a cheaper exchange and flip it on a higher one again?

It is but I wouldn't do it unless the two exchanges will take/dispense fiat, personally.

A guy did it with Australian dollars yesterday on this board.
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Muffinz0rz
12/15/17 2:49:29 PM
#243:


So isn't Ripple (XRP) supposed to be the next big thing?
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Jabodie
12/15/17 2:51:57 PM
#244:


Muffinz0rz posted...
So isn't Ripple (XRP) supposed to be the next big thing?

It's probably unwise to invest with that kind of mindset.

Ripple is a promising coin with a specific and practical use that is actually being used by some banks today.

However, the coin can't be mined and the volume is fixed - with XRP being destroyed with every transaction.

With the current volume, XRP would only need to be like seven bucks to reach the bitcoin market cap. Don't expect it to balloon to thousands or even hundreds of dollars imo, the currency is not designed to function that way.
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Turtlebread
12/15/17 2:53:41 PM
#245:


BignutzisBack posted...
with all these exhanges having different prices on bitcoin and ethereum is it possible to quickly sell on a higher exchange and then buy more on a cheaper exchange and flip it on a higher one again?


that's called arbitrage, and yes you can do it if the spread is big enough
I did it with ripple earlier

hard to make big gains unless you have a lot to flip though
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Muffinz0rz
12/15/17 2:57:36 PM
#246:


Jabodie posted...
Muffinz0rz posted...
So isn't Ripple (XRP) supposed to be the next big thing?

It's probably unwise to invest with that kind of mindset.

Ripple is a promising coin with a specific and practical use that is actually being used by some banks today.

However, the coin can't be mined and the volume is fixed - with XRP being destroyed with every transaction.

With the current volume, XRP would only need to be like seven bucks to reach the bitcoin market cap. Don't expect it to balloon to thousands or even hundreds of dollars imo, the currency is not designed to function that way.

Oh yeah no I just put in a little bit to dick around with, I'm not here throwing around a grand at a time. I just kept hearing about it, so I figure there must be some reason for that.
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The_Juice_
12/15/17 6:16:49 PM
#247:


Bittrex is confusing as fuck, I have about $100 in bitcoin dick around money on it, but can't figure out how to trade it for altcoins.

I see the trading section on the alt pages, and I can't seem to get it to get what I want. Just trying to exchange some BTC for XRP, but the trading section makes no sense at all to me. I understand it's something of a bid system, but that's about it.

Only ever really used coinbase which I now greatly appreciate for its simplicity.

I think I should be able to trade around .004 for 100ish XRP (if I'm doing the math right because everything is in BTC value) but I keep seeing a max of 1.19 XRP for .004 BTC which seems way off.
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clearaflagrantj
12/15/17 6:43:25 PM
#248:


The_Juice_ posted...
Bittrex is confusing as fuck, I have about $100 in bitcoin dick around money on it, but can't figure out how to trade it for altcoins.

I see the trading section on the alt pages, and I can't seem to get it to get what I want. Just trying to exchange some BTC for XRP, but the trading section makes no sense at all to me. I understand it's something of a bid system, but that's about it.

Only ever really used coinbase which I now greatly appreciate for its simplicity.

I think I should be able to trade around .004 for 100ish XRP (if I'm doing the math right because everything is in BTC value) but I keep seeing a max of 1.19 XRP for .004 BTC which seems way off.


Go to the little table where it says buy XRP, type in how many XRP you want, right below it type in what price you're willing to buy each for either put in your price or click "last/market" whatever.

Below that it should calculate the total cost of the transaction
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emblem boy
12/15/17 7:07:05 PM
#249:


The_Juice_ posted...
Bittrex is confusing as fuck, I have about $100 in bitcoin dick around money on it, but can't figure out how to trade it for altcoins.

I see the trading section on the alt pages, and I can't seem to get it to get what I want. Just trying to exchange some BTC for XRP, but the trading section makes no sense at all to me. I understand it's something of a bid system, but that's about it.

Only ever really used coinbase which I now greatly appreciate for its simplicity.

I think I should be able to trade around .004 for 100ish XRP (if I'm doing the math right because everything is in BTC value) but I keep seeing a max of 1.19 XRP for .004 BTC which seems way off.


https://www.youtube.com/watch?v=izb2qzmp7ak

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Rob Cesternino
12/15/17 7:35:10 PM
#250:


So question: invest into altcoins like Cardano and Tron, or double down on Ethereum/Litecoin?

Which do you think would bring back the greatest return in the long term?
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BignutzisBack
12/15/17 7:35:41 PM
#251:


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