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The rise of CRYPTO - Bitcoin, LTC, Ether, Dash, Monero

  • #621
  • Jan 9, 2018 1:19pm Jan 9, 2018 1:19pm
I am fresh in the crypto and biggest problem I see so far are commissions.
I paid in 300 Pounds into Coinbase to buy bitcoin, and already lost some money here at purchase and then at sending to KuCoin. After buying 3 types of coins for the money I had only 250 Pounds. 1/6th of money gone, so to just get my money back I need to earn 20% (and am sure there will be more fees when changing back into bitcoin and sending back to Coinbase and then changing back onto Pounds. So just to be on BE I need to earn probably about 50% - honestly forex and shares seem to be easier.
From now on I will be hunting only some good releases of coins. With novadays hype around crypto these cheap ones will have biggest profits. The only problem is - If I invest in some low fame coin - where do I buy and sell it. I've read about this Mobius Coin - maybe it is promising, maybe just good talk around it - Lets say I bought at release date - where can I send it after? Coinranking has it on, but they don't exchange it. And problem with minor coin trading sites is that to sell or buy you need counter offer - I had it with "crypto mate", tried to buy Ripple, noone is selling, tried something else there - same. The value of the coin means nothing if it is hard to sell.
Still into these, just have some doubts therefore writing.
On my way to financial independence - if others can do it - I can do it
  • #622
  • Edited 2:15pm Jan 9, 2018 1:26pm | Edited 2:15pm
Quoting okshop
{quote} I have withdrawn from binance to local bitcoin wallet and from there sold for CASH, just transfer from Binance last week took less than 24 hrs
Just to clarify, when you say local bitcoin wallet, you mean your personal wallet or the market place?

*Edit*, If you don't mind me asking what was the approx amount. ie xxx, xxxx, xx xxx,xxx xxx, more?
  • #623
  • Edited 4:03pm Jan 9, 2018 1:41pm | Edited 4:03pm
Quoting MXT
BTC @ 1.5 m in 3 yrs ? that looks a bit stretched , but in Cryptoland nothing is impossible so let's just see if it ever gets to 100.000 first , if ever , and how long it takes to get there , then we'll see that would just be a too much highly priced security , even for Cryptoland standards , and it would be clumsy for practical commercial reasons : buying goods in fractions of 1 million would be clumsy so a split could happen along the way , like it happened with Apple , or like the fork with BTC cash there could be another fork coming : BTC Micro...
In 2008, when Brent Oil reached 150, many "experts" were saying oil will go to 1000$ per barrel. Then it collapsed to 35$. That's how "experts", aka talking heads from big financial institutions, pumping over-excitement in order to sell short this BS. I wouldn't be surprised if Bitcoin will go back to a penny staff in the next year or so. The funny thing is BTC was criminalized in the past and some people were imprisoned for "illegal trading". All of sudden banks legalized it and crushed the crypto by 40% of its value. For banks crypto is another virtual market TICKER. As long as cryptos are not accepted as payable mean let's say at Walmart, they will be BS virtual piece of speculative crap.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #624
  • Jan 9, 2018 1:49pm Jan 9, 2018 1:49pm
Quoting Montrealer
{quote} In 2008, when Brent Oil reached 150, many "experts" were saying oil will go to 1000$ per barrel. Then it collapsed to 35$. That's how "experts", aka talking heads from big financial institutions, pumping over-excitement in order to sale short this BS. I wouldn't be surprised if Bitcoin will go back to a penny staff in the next year or so. The funny thing is BTC was criminalized in the past and some people were imprisoned for "illegal trading". All of sudden banks legalized it and crushed the crypto by 40% of its value. For banks crypto is...
I agree about experts - they always talk crap. Same kind of experts were saying silver's price will be equal to gold.
And I agree it is BS in many cases, hopes traded by people, but as long as it hasn't collapsed there is chance to earn ;-)
Sooner or later it may collapse and possibly you are right about price of BTC - it may drop down so rapidly that many people will shit themselves the time will show
On my way to financial independence - if others can do it - I can do it
  • #625
  • Jan 9, 2018 1:57pm Jan 9, 2018 1:57pm
Kodak joins the bockchain bandwagon.

Practical solution to help photographers assert control over their work or trendy gimmick to line the pockets of shareholders with big $$$$??

What say ye.

https://www.marketwatch.com/story/ko...gon-2018-01-09
Pride always comes before destruction.... -Proverbs 16:18
  • #626
  • Jan 9, 2018 2:08pm Jan 9, 2018 2:08pm
Quoting Eur Usd
{quote} I agree about experts - they always talk crap. Same kind of experts were saying silver's price will be equal to gold. And I agree it is BS in many cases, hopes traded by people, but as long as it hasn't collapsed there is chance to earn ;-) Sooner or later it may collapse and possibly you are right about price of BTC - it may drop down so rapidly that many people will shit themselves the time will show
Sure, in any market, especially in speculative one, you can make huge $$$. The question is whether you on a tip of a pyramid or at the bottom?
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #627
  • Jan 9, 2018 2:27pm Jan 9, 2018 2:27pm
Quoting SlowCarry
{quote} Just to clarify, when you say local bitcoin wallet, you mean your personal wallet or the market place? *Edit*, If you don't mind me asking what was the approx amount. ie xxx, xxxx, xx xxx,xxx xxx, more?
Its the market. Although when buying btc it’s a little high but when selling back the coin u get back a little premium plus once you have made $$$ selling the coin there is ok
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Self discipline It is a practice
  • #628
  • Jan 9, 2018 4:26pm Jan 9, 2018 4:26pm
I also am not yet into xxxCoin and I was further dissuaded when the exchanges became unable to accept new clients.

Quoting Eur Usd
I am fresh in the crypto and biggest problem I see so far are commissions. I paid in 300 Pounds into Coinbase to buy bitcoin ....
IMHO your investment level is about right. You could lose it all without losing any sleep.

Quote
... honestly forex and shares seem to be easier. ....
You should be shooting for 1000% gain, or at least 100%, and then the costs will evaporate. This is the closest thing to a dynamic ponzi scheme that you will find. Make hay while....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #629
  • Jan 9, 2018 5:14pm Jan 9, 2018 5:14pm
Going to buy DMD, PCC, QRL, KMD, ARK, FLASH?, Ox, SYS, AEON
Beware of robber banks (RB), bad advisors.
  • #630
  • Jan 9, 2018 5:22pm Jan 9, 2018 5:22pm
Quoting Montrealer
{quote} In 2008, when Brent Oil reached 150, many "experts" were saying oil will go to 1000$ per barrel. Then it collapsed to 35$....
The funny thing is BTC was criminalized in the....
. As long as cryptos are not accepted as payable mean let's say at Walmart, they will be BS virtual piece of speculative crap.
Can't compare Bitcoin with petrol
One is precious, fast, handy, limited, modern... BTC
One is dirty, 1000000 years old, contaminated, banned, cheap, fracking, smacking, Arab countries inundated..
Do you see OIL at say $16000???

2. So when Copernicus said the earth was round, he was imprisoned, almost killed.... BY CRYBABIES!!!
So is the Earth flat or what now???

3. takes time.... And who cares if it spikes 50 times a month??? i don't
Beware of robber banks (RB), bad advisors.
  • #631
  • Jan 9, 2018 5:28pm Jan 9, 2018 5:28pm
Quoting Eur Usd
I am fresh in the crypto and biggest problem I see so far are commissions.... 20% ...
....has it on, but they don't exchange it. ...
. The value of the coin means nothing if it is hard to sell. Still into these, just have some doubts therefore writing.
So buy yourself other coins - LTC, ETC, ETH, SYS.
Only bitcoin is high commission one.

2. so register on 2-3 exchanges... Kucoin, Huobi, Cryptopia... Why complain????

3. use Take profit orders. Come on.
And why sell??
if you're speculative guy....well £250 isn't the best amount...
Beware of robber banks (RB), bad advisors.
  • #632
  • Jan 9, 2018 8:25pm Jan 9, 2018 8:25pm
Quoting PayTheLimit
{quote} Thank you. It seems that that is the main issue with RaiBlocks, is security, and perhaps that's reflected in the market cap. Is this an issue that the developers can/are addressing in your view, or is it a fundamental issue with the whole framework?
Go after more mature projects that arent priced in. Raiblocks is new and overpriced. Hard to find mature projects that are underpriced but there are a couple available for diligent researchers.
  • #633
  • Jan 10, 2018 1:55am Jan 10, 2018 1:55am
Quoting Not-KPMG
{quote} So buy yourself other coins - LTC, ETC, ETH, SYS. Only bitcoin is high commission one. 2. so register on 2-3 exchanges... Kucoin, Huobi, Cryptopia... Why complain???? 3. use Take profit orders. Come on. And why sell?? if you're speculative guy....well £250 isn't the best amount...
So if you don't mind me asking, how much have you made so far on paper? How much of this wealth have you been able to transfer to you bank account?

What is your exit strategy if the value of these coins half's? How quickly can you close out your holdings, and how?
  • #634
  • Jan 10, 2018 2:20am Jan 10, 2018 2:20am
CRYPTO
2 days ago 837 BILLION
NOW 687 BILLION
200 BILLION OUT IN 48 HRS
Self discipline It is a practice
  • #635
  • Jan 10, 2018 2:57am Jan 10, 2018 2:57am
Quoting erick8
I see the price of Raiblocks very high for the problems that have presented
Quoting sidhujag
{quote} Go after more mature projects that arent priced in. Raiblocks is new and overpriced. Hard to find mature projects that are underpriced but there are a couple available for diligent researchers.
Of course it would have been great to join Raiblock in December, when it was 2$-10$; but now it has stabilized at about 26$. So maybe a good chance comes to join someday from now...

https://www.forexfactory.com/showthr...8#post10649008
Check page 1 for all infos...
  • #636
  • Jan 10, 2018 4:57am Jan 10, 2018 4:57am
Quoting okshop
CRYPTO 2 days ago 837 BILLION NOW 687 BILLION 200 BILLION OUT IN 48 HRS
This is where you need a sense of understanding. $200bn has not moved, the price has changed so that the asset class appears to be worth $200bn less.

The reality is that if you are a holder of xxxCoin and try to offload any significant amount you will find that market liquidity (or illiquidity) pushes the price sharply down. The real value is extremely difficult to ascertain. How much selling would it take to push the price down by 20%? Maybe only a few hundred-thousand, or perhaps a few thousand.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #637
  • Jan 10, 2018 11:08am Jan 10, 2018 11:08am
Quoting Eur Usd
I am fresh in the crypto and biggest problem I see so far are commissions. I paid in 300 Pounds into Coinbase to buy bitcoin, and already lost some money here at purchase and then at sending to KuCoin. After buying 3 types of coins for the money I had only 250 Pounds. 1/6th of money gone, so to just get my money back I need to earn 20% (and am sure there will be more fees when changing back into bitcoin and sending back to Coinbase and then changing back onto Pounds. So just to be on BE I need to earn probably about 50% - honestly forex and shares...

Bitcoin is broken right now - the fees are crazy. I'd suggest buying anything else, and exchanging it (probably best ethereum) on the exchange that way - you shouldn't pay too many fees unless your gas prices are high.

As far as mobius, you will have to swap it back to something else and send it to coinbase or something like that in order to extract profit right now.

Ripple is very easy to buy, just buy on Binance or Bittrex, or just about any other reputable exchange.
  • #638
  • Jan 10, 2018 11:11am Jan 10, 2018 11:11am
Quoting okshop
CRYPTO 2 days ago 837 BILLION NOW 687 BILLION 200 BILLION OUT IN 48 HRS
fake news?

coinmarketcap just stopped listing korean exchanges, which made the market cap drop and caused newbie investors to panic.
  • #639
  • Jan 10, 2018 11:13am Jan 10, 2018 11:13am
Quoting Exodus
{quote} This is where you need a sense of understanding. $200bn has not moved, the price has changed so that the asset class appears to be worth $200bn less. The reality is that if you are a holder of xxxCoin and try to offload any significant amount you will find that market liquidity (or illiquidity) pushes the price sharply down. The real value is extremely difficult to ascertain. How much selling would it take to push the price down by 20%? Maybe only a few hundred-thousand, or perhaps a few thousand.
Would take a lot to move most of these coins that are on big exchanges, there are hundred+ thousand dollars orders even on BCH on GDAX, it doesn't make a dent. There is a lot of money in crypto.

Obviously if you are a multi millionaire in one crypto and try and liquidate it can cause a drop in the price, but normal people won't be moving the market so much.
  • #640
  • Jan 10, 2018 11:22am Jan 10, 2018 11:22am
Quoting Montrealer
{quote} In 2008, when Brent Oil reached 150, many "experts" were saying oil will go to 1000$ per barrel. Then it collapsed to 35$. That's how "experts", aka talking heads from big financial institutions, pumping over-excitement in order to sell short this BS. I wouldn't be surprised if Bitcoin will go back to a penny staff in the next year or so. The funny thing is BTC was criminalized in the past and some people were imprisoned for "illegal trading". All of sudden banks legalized it and crushed the crypto by 40% of its value. For banks crypto is...
i agree with most of your points , but i don't agree with your conclusions

many will be surprised to find out that Cryptos are UNLIKE Tulips, South Sea Companies , DotCom Bubbles , or any short term craze or latest fad

Cryptos and the underlying technology are the future and are here to stay
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