crypto currency discussion

**JAKEPEAVY21** · 12-12-17, 08:23 PM

I've been holding some ripple for over a year but decided to trade for more..rolling the dice on a potential big score

even if it shits the bed, not much harm done

**JAKEPEAVY21** · 12-12-17, 08:26 PM

Originally posted by The Giant

Guys, quick question.

Let's say you have $100,000 laying around, and you want to invest it in cryptos. What would your main objective be? Spend it all on BTC, or diversify?

I'd diversify but put the vast majority in BTC(maybe 50-75%).

then maybe like 5% on risky low priced dice rolls that you could potentially get a huge score from.

**lakerboy** · 12-12-17, 09:29 PM

Now coinbase is telling me as a Canadian I can't sell. I can only move to an external address. Wtf is this about?

**paco** · 12-12-17, 09:29 PM

I see Australians got the same message LBp

**shocka1212** · 12-12-17, 10:43 PM

Originally posted by The Giant

Guys, quick question.

Let's say you have $100,000 laying around, and you want to invest it in cryptos. What would your main objective be? Spend it all on BTC, or diversify?

70% BTC , 12% eth, 12% LTC, 6% alternate coins

**shocka1212** · 12-12-17, 10:44 PM

Originally posted by JAKEPEAVY21

I've been holding some ripple for over a year but decided to trade for more..rolling the dice on a potential big score

even if it shits the bed, not much harm done

The thing is, relative to the market cap, it has seriously underperformed.. watch it go up 1000% now. Lmao.

**JAKEPEAVY21** · 12-12-17, 10:50 PM

Originally posted by shocka1212

The thing is, relative to the market cap, it has seriously underperformed.. watch it go up 1000% now. Lmao.

I invested less than .75% of my total portfolio, so even if it doesn't do much, I'll survive

**reigle9** · 12-12-17, 10:59 PM

jake, your av is terrifying

**shocka1212** · 12-12-17, 11:09 PM

Originally posted by JAKEPEAVY21

I invested less than .75% of my total portfolio, so even if it doesn't do much, I'll survive

Not a bad idea to diversify and even take some shots. I took a shot on VEN, hasn't paid off but am holding for atleast 3 more months before I take some loss,

**JAKEPEAVY21** · 12-12-17, 11:43 PM

Originally posted by reigle9

jake, your av is terrifying

**reigle9** · 12-12-17, 11:54 PM

**mrpapageorgio** · 12-12-17, 11:55 PM

Ok, so any overnight predictions? Had fun with LTC, but it seems to have cooled down.

**ChuckyTheGoat** · 12-12-17, 11:59 PM

Originally posted by mrpapageorgio

Ok, so any overnight predictions? Had fun with LTC, but it seems to have cooled down.

We'll wait for JJGold's daily Crypto opinion. And then fade to the hilt!

**ChuckyTheGoat** · 12-13-17, 12:01 AM

Originally posted by mrpapageorgio

Ok, so any overnight predictions? Had fun with LTC, but it seems to have cooled down.

Sounds crazy to say, BtC is tame compared to some of these upstarts.

I'll say that BtC rebounds WED (Eastern time) to about $17,200.

**ChuckyTheGoat** · 12-13-17, 12:04 AM

Thx again to whoever steered me toward Litecoin.

Didn't buy much, but wanted to be in the game. Tripled my investment in 4weeks.

**jtoler** · 12-13-17, 12:18 AM

Originally posted by dblock05

Dumb question....Why do diff exchanges have different values for lite coin than coinbase? Noticing the same for bitcoin and eth....

bittrex has completely different numbers

Think of it kinda like a sportsbook only when a number moves others arnt racing out to correct theirs.

**ChuckyTheGoat** · 12-13-17, 12:30 AM

Shocka, how soon b4 we see Litecoin showing up as a more Main-stream payment option?

**Martinr** · 12-13-17, 12:38 AM

Originally posted by The Giant

Guys, quick question.

Let's say you have $100,000 laying around, and you want to invest it in cryptos. What would your main objective be? Spend it all on BTC, or diversify?

From a 52yo with no idea where this is going but with a little bit invested and some interest in the whole thing I'd advise to spread 80% of it evenly between BTC, ETH, LTC and XRP. Maybe get a bit more adventurous with the other 20% if you want to speculate on other coins.
The thing is, I don't believe anyone really has any idea which of these coins is going to jump at any particular time. It's all speculation and confirmation bias whenever something happens that matches what someone has guessed at.
Nobody even knows what the lifespan of each of the main coins actually is, let alone the latest ICO.
I'm thinking there's probably still a few months of this speculation craziness in the main coins to be played out yet. Maybe 12 months even. People worried about missing out on this are going to keep the money pouring in for a while. BTC hitting $100k doesn't even seem ridiculous in this environment. With LTC being only 4 times as plentiful and quicker/cheaper to move you'd have to imagine that coin would continue to be attractive as well. Ripple's a bit of a different story with so much of it still held by its creators but that crazy leap yesterday about 23 seconds after I swapped mine for ETH kinda suggests that the investors and/or manipulators like that coin as well.
But let's face it. BTC isn't the future of crypto. It isn't going to be used for everyday transactions. It's possible that LTC won't be either. Whether it has some lasting utility as a store of value is something we'll find out, but I'm not sure anyone really knows if this will be the case 2,5,10 years from now.
I feel that crypto in some form will be the dominant global currency of the future if civilisation survives for another 50-100 years on the current path. I guess whatever currency is used or invented will need to be pegged to something like BTC? I'm no economist and I don't know how that works. Would like to learn more.
But anyway, I envisage a "universal wage" system at some time in the future, paid in crypto to everyone on the planet. If the value of that crypto currency is somehow tied to BTC then I guess BTC will continue to hold some value.
Whatever happens, this is all a transitory stage, and will remain so while these coins are being valued against fiat currency. If crypto is to survive and fulfill its intended utility, then eventually a $100 dollar bill will have the same value as a cancelled cheque or a cowrie shell, and saying 1 BTC is valued at $1,000,000 will be equivalent to saying it is valued at a pile of old newspapers.
IMHO

**raiders72001** · 12-13-17, 01:12 AM

Bitcoin.com is issuing a Bitcoin Cash ****/Debit card.

**Mac4Lyfe** · 12-13-17, 01:40 AM

Originally posted by raiders72001

Bitcoin.com is issuing a Bitcoin Cash ****/Debit card.

Coinbase has Shiftpay. You can also get Bitpay debit card as well. These will all be very standard.

**raiders72001** · 12-13-17, 02:14 AM

Originally posted by Mac4Lyfe

Coinbase has Shiftpay. You can also get Bitpay debit card as well. These will all be very standard.

That's for Bitcoin. Bitcoin Cash (BCH/BCC) is coming out with a card.

**raiders72001** · 12-13-17, 02:22 AM

Time/Fortune on LTC http://fortune.com/2017/12/12/liteco...in-price-2018/

**raiders72001** · 12-13-17, 02:31 AM

Lee's tweet are going to hurt him. They are mentioned in the article.

**raiders72001** · 12-13-17, 03:22 AM

Originally posted by raiders72001

Rumor that Amazon hooked up with Ripple although I don't know if it's true.

Ripple up 17.20% in the last hour and 87.67% in the last 24 hours.

**GunShard** · 12-13-17, 04:45 AM

Originally posted by raiders72001

I'd add Monero to that group.

Fixed it. Forgot about Monero.
The first crypto that gets sponsored by Amazon and Steam again is going to skyrocket in price.
Whether it be Litecoin, Bitcoin Cash, Dash. Which seems to be consumer friendly with low transaction fees and faster transaction time. Steam let go Bitcoin because of high transaction fees and slow transaction time.
The Microsoft sponsor of IOTA was false, if it was real it would have been on the company's Twitter feed announcing partnership.

**raiders72001** · 12-13-17, 05:00 AM

Originally posted by GunShard

Fixed it. Forgot about Monero.
The first crypto that gets sponsored by Amazon and Steam again is going to skyrocket in price.
Whether it be Litecoin, Bitcoin Cash, Dash. Which seems to be consumer friendly with low transaction fees and faster transaction time. Steam let go Bitcoin because of high transaction fees and slow transaction time.
The Microsoft sponsor of IOTA was false, if it was real it would have been on the company's Twitter feed announcing partnership.

IOTA definitely botched that one. They came out and admitted no partnership today although they did have a meeting yesterday in Chicago and upcoming ones in Paris and Moscow with Microsoft.

**slo mo** · 12-13-17, 06:27 AM

Damn IOTA!! I’m stuck in this crap due to Binance!!!!! Wtf!

**Seaweed** · 12-13-17, 08:01 AM

Which coin will be sponsord by amazon??

**ThaWoj** · 12-13-17, 08:02 AM

Hoping they all take off again today. Just took some of my ltc profit and loaded up on ripple. Bought some more ltc and ether.

Now to stop xfering all my btc to nitro and losing it!

**ChuckyTheGoat** · 12-13-17, 08:47 AM

Originally posted by ThaWoj

Hoping they all take off again today. Just took some of my ltc profit and loaded up on ripple. Bought some more ltc and ether.

Now to stop xfering all my btc to nitro and losing it!

Great post. Betting at Nitro is so risky.

Huge scaling, based on trying to win the bet AND watching the BtC price-swings. It's fun, tho.

**ChuckyTheGoat** · 12-13-17, 08:56 AM

Originally posted by ChuckyTheGoat

Sounds crazy to say, BtC is tame compared to some of these upstarts.

I'll say that BtC rebounds WED (Eastern time) to about $17,200.

Just short of 17,200 as we speak.

**GunShard** · 12-13-17, 08:57 AM

Originally posted by Seaweed

Which coin will be sponsord by amazon??

None.
It could be 5 years from now if Amazon decides to choose a cryptocurrency as payment option.

**The Kraken** · 12-13-17, 09:00 AM

Originally posted by GunShard

None.
It could be 5 years from now if Amazon decides to choose a cryptocurrency as payment option.

Do you know this for fact?

**Crusherrr** · 12-13-17, 09:21 AM

All in on Ripple.

**slambam** · 12-13-17, 09:43 AM

Anybody have an alternative to Coinbase, that is quick? Been waiting on a transfer from them to buy other crypto since Sunday.