Bitcoin, Altcoin and Cryptocurrency Thread
- Thread starter PocketZeven
- 411 comments
- 45,606 views
- 13,827
- Down under
Yeah, nothing to lose in holding to see if it recovers a bit. Two weeks ago everyone was crying about a 30% market plunge, now everyone is writing off BTC and XRB fomo is making XRP fomo look like amateur hour.
I'm staying out of day trading - I dabbled a bit when I started in June and back then you had to grind hard to make a bit, certainly nothing like the bull market now. I'm holding some big bags of Eth and BCH both bought a while ago....so just biding my time to cash in. I came close with BCH spiked a few weeks ago but it can do better
- 8,450
- Rockay City
Bought TRX low after dumping my XVG. Sold today at 57% profit. Cashed out my initial investment while my profit since starting was exactly 100%.
100% profit is not too shabby, considering I started just over a week ago. 
Now trading purely with profit, not possible for me to financially lose anything. 
Carlos
Premium
- 6,453
- Netherlands
Bought TRX low after dumping my XVG. Sold today at 57% profit. Cashed out my initial investment while my profit since starting was exactly 100%.
Congrats!!
Job well done. At first I thought I am not going to day trade with TRX, but at this price per coin every cent up or down is a pretty big deal I'm going to wait a little bit longer and hope it goes back to 4 or maybe even 3 cents. Just saw it going down to 5 cents but then the buy orders when through the roof 
Maybe tonight, who knows..
- 4,213
- Puerto Rico
- motortrend
Why do that when you could compound your gains?Bought TRX low after dumping my XVG. Sold today at 57% profit. Cashed out my initial investment while my profit since starting was exactly 100%.
Just kidding, that's a sane decision, although I'd put the principal into ETH and leave it there.
- 8,450
- Rockay City
Why do that when you could compound your gains?
Just kidding, that's a sane decision, although I'd put the principal into ETH and leave it there.
I guess that in the grand scheme of things it's not really siginificant. But I intend to keep the profits in the crypto domain, hodl about half and do a bit of daytrading with the rest. And skim it once every while.
- 5,051
- Netherlands
I try to hold as much as possible. My picks for 2018: neo, trx, waves, siacoin, xvg (privacy is gonna become big), xrp and always hold some btc.
- 13,827
- Down under
https://medium.com/@ataraxiainvestments/cryptocurrency-and-the-685-billion-prison-55f4cc1d1fc6
Trade carefully peoples.
Trade carefully peoples.
Carlos
Premium
- 6,453
- Netherlands
Compared to NYSE market cap, 685 billion is nowhere near 17 trillion
Anybody watching TRX?
- 13,827
- Down under
Head monero developer just called them out as a scam coin on Twitter.
I am curious how can you comment on their business model when you haven't seen it, other than what you're fed with? There are so many people blinded by PnD returns and confuse irrational exuberance with good fundamentals.
Pg2 of their whitepaper:
Realization Path of TRON
- Exodus, Data Liberation
- Odyssey, Content Empowerment
- Apollo, Free Movement of Value Decentralized Token Trading Exclusively for Individuals
- Star Trek, Traffic Monetizing Gaming of Decentralization and Market Forecast
- Eternity, Traffic Conversion De-centralized Game
Last edited:
- 9,401
- Western Sydney
- mustafur
It's the same thing with Bitcoin cash, Roger Ver and his crony's trying to convince everyone it's the real bitcoin when 92% of all mined coins are restricted to 2 people, that's a scam coin if i have ever seen it, wait till they cash out and leave everyone holding a worthless coin while they make possibly billions.
- 13,827
- Down under
Bitcoin Mining pool
https://blockchain.info/pools
BCH Mining pool distribution
https://cash.coin.dance/blocks/thisweek
You're smoking some good weed son. I am not sure which is funnier, the BTC transaction fees when it was $40 a pop or having to spend $80 on a XRP wallet to have one when it is supposed to be the "future".
- 9,401
- Western Sydney
- mustafur
It might of opened up recently but your not fooling anyone when you have more coins in circulation already yet the total supply is the same.
- 13,827
- Down under
The only ones being fooled are those who think Lightning Network will ever arrive 
- 9,401
- Western Sydney
- mustafur
It doesn't really have to though, Bitcoin is just an investment coin, Ethereum is what crypto is built on, Most ICOs out now only accept Eth and alot are sitting on it's block chain, which will likely cause issues later anyway until there is something better.The only ones being fooled are those who think Lightning Network will ever arrive
Perceived Value is really all that matters.
- 13,827
- Down under
- 140
- Melbourne, Australia
Thanks for the Tron info. Saw a fair bit on Reddit and it caused some concern. I've made insane profits on Tron so sold half of mine for Vechain which hopefully is a much better long term investment. Will probably sell the other half off soon for something else.
- 8,450
- Rockay City
One coin calling a competitor a scam? That might be FUD. It's also worth noting that same dev also admits holding a 'reasonable' position in Tron.
. At least he provided some evidence when talking down Verge (see threads). I agree with him on Verge BTW and it's easily fact-checked too (just look into the Verge git repo and/or run it yourself). Same way happens the other way around BTW, Justin Erik Valo from Verge talks **** about Tron and Monero all the time in their Discord (of course not backed up with any solid facts either).I did notice that a lot of the anonymous coin devs/fans (e.g. Verge) have a personal grudge against Sun, probably because he used to work for Ripple (which is generally despised by the hardcore crypto adepts). So far I have seen no factual evidence of this. But I'm all open to other info, if you have some?
EDIT: Browsing through the tweets it seems more like he has problems with hyping by Sun that caused someone to type he'd quit med school because of investment in TRX. Not sure he's actually calling the coin a scam, just saying that it's overhyped.
I did read the entire whitepaper, and this along with the proof of concepts along with the announced partnerships gives me a good idea of what they're after. I think the online gaming model they want to achieve will work extremely well in SE Asia. Next Bitcoin? Nope. Scam-coin? Nope either. Does it need to prove itself: yes. Just like just about any other alt-coin/ICO out there. Time will tell I guess.
I always ask myself: Would I pay my coffee with this? Most of the times it's a solid 'No'.
I think it's a good discussion in here though, I don't think anyone here is emotionally attached to specific coins or out to spread FUD/Hype to help their wallets. 👍
EDIT2: Riccardo Spagni is ripping Verge to shreds in his tweets.
And he's right on the ball there, everything he says is true. 👍
Last edited:
- 29,371
- Glasgow
- GTP_Mars
Like many people, I've been looking at getting involved in cryptocurrencies recently but remain sceptical of sites where you can trade in them. I see a couple of people here use Coinbase, but there is a lot of conflicting information regarding many aspects of cryptocurrencies and trading sites, and it is difficult to know what/who can be trusted. I see that one needs to send a copy of your passport ID page to sign up to Coinbase - I'm also unwilling to link directly to my bank account (under any circumstances), so I guess I will be fairly limited as to what I can do - though I would be alright linking a credit card since that is at least covered by insurance.
Are there any UK members involved in trading altcoins, and/or does anyone else have any specific advice as to whether Coinbase is a sensible/good place to start?
Are there any UK members involved in trading altcoins, and/or does anyone else have any specific advice as to whether Coinbase is a sensible/good place to start?
boiltheocean
Premium
- 7,756
- Samoa
Coinbase is a good place to start, they are one of the largest exchanges around and have several credible backers and partnerships. You can use your driving licence to get verified and credit cards are fine for making deposits as long as your provider uses 3D-Secure. They charge a slightly higher fee for credit cards (3.99% vs 1.49% for bank transfers) but I think that's a worthwhile trade-off to be able to purchase instantly in GBP. Currently they only accept Euro deposits so the bank transfer route will also incur charges from your bank for making a SEPA payment and you get stuck with whatever exchange rate the bank uses, plus it takes a few days to clear.
Last edited:
- 9,401
- Western Sydney
- mustafur
I highly advise if your putting money through coinbase do it with any of the other 3 coins apart from bitcoin, unless you want to lose half your money in fees.
Coinbase is basically just a place to get your fiat into Crypto, then you move it to another exchange, like Bittrex which has way more coins and actual market buy/sell orders.
Coinbase is basically just a place to get your fiat into Crypto, then you move it to another exchange, like Bittrex which has way more coins and actual market buy/sell orders.
boiltheocean
Premium
- 7,756
- Samoa
Good points, I didn't want to expand too much as the process of transferring crypto and avoiding the highest exchange fees is a different question. My advice would be decide what you want to buy and then figure out what is the cheapest, trustworthy route to do it.
- 8,450
- Rockay City
Not UK, but still EU (for now) here, so I suppose that would work for you too? I've been using anycoindirect.eu to get fiat money in and out. They're based out of NL and are trustworthy. I've bought and sold there on several occasions and it's always fast and fine. Coinbase is also good, but has higher fees. cex.io I also have an account at. Have bought and sold at all of them. I want to have multiple entry/exit points so I registered with all of those. For trading I use Binance mostly.
Depending on what payment methods and the amount of verification you provide, there will be limits in place. The more you provide, the more you can buy/sell. Another reason to have multiple entry/exit points.
Similar threads
Latest Posts
-
-
-
-
-
Gran Turismo 7 Livery Editor - General Discussion Thread- Latest: LeftoverPizza