crypto currency discussion

[dlowilly]

Nope, neither store TRX or ADA. Best option is myetherwallet (MEW). You can add custom tokens for ADA and TRX then send your TRX or ADA to your MEW address to store.

[raiders72001]

The only thing that scares me about XRP is that the Ripple company owns approximately 1/2 the XRP.

[dlowilly]

Seeing a bit of a selloff now

[Bucketwah]

The only thing that scares me about XRP is that the Ripple company owns
approximately 1/2 the XRP.

Yeah but that could also be a really good thing.

[pilebuck13]

Everyone so sold on xrp being sent to coinbase but something tells me that others in the crypto world would not agree with this move.

[Mac4Lyfe]

Question for the likes of shocka, MAC etc
There’s so many coins being created, and so much money being made off of pumping up 2 cent coins etc. (obviously the technology matters for success long term)
One of the things I’m worried about with these long term holds is having all of my free $ tied up in long term holds, and coins continually being added to the market and the money goes there from the whales because it’s an easier flip for them to manipulate.

Reason I think this matters is because I’d say 2/3 of the people dropping money on these in 2018 doesn’t even know what the coin does they just wanna see something cheap that can make them a “bitcoin millionaire”
In short, you guys worried about all of these new coins continually getting put out each week, or think the cream will continue to rise to the top and have further support for the ones who have actual use

This run reminds me of the internet craze a couple decades ago. People, companies, banks were dropping money on anything with a dot.com hoping to catch lightning in a bottle. Many of those dot.com companies went belly up. The real estate boom is also similar. People were buying up houses 1x, 2x, 3x asking price with no experience in real estate. A lot of people got killed when that bubble burst.

There used to be over 1,500 cryptos on coinmarketcap.com. I just checked and there's only 1378 now. I think the great majority of these coins will die a slow death as people gravitate to the most popular ones. The coins that can integrate technology into everyday use is what will win market share. The coin that Amazon adopts will immediately become a top coin. A coin that solves corporate problems will be a top coin. I have no idea what coins this will be but I think it's a great hedge to invest in the top 10 or 20 coins. At least 1 - 5% of your portfolio should be in crypto IMO. We're going to see some horror stories the next few years but there's going to be a lot of successful one's too. You just have to keep an eye on the pulse and be ready to change at the right time.

[Bucketwah]

Bitcoin cash has been down since it hit coinbase

[ans61201]

Bitcoin cash has been down since it hit coinbase

I think how they handled it plus the shotty spokesperson rubbed many the wrong way.

Another reason I think the next add to coinbase will be handled better. But I also think that gives me reason to say they won’t add xrp or anything else any time really soon. Btc and everything else took a nose dive after the madness that caused. They can’t afford that to happen again before btc has fully recovered. It wasn’t solely responsible but man did that move shake up the market for a few days. Btc is driving coinbase right now. They need it healthy. Adding xrp before btc is fully back, is the wrong long term move imo

[Mac4Lyfe]

Seeing a bit of a selloff now

It's almost clockwork EVERY night the Asians sell off cryptos and then in the morning (around 7:30am then again at 10:30am) you see coins start to rise. You can go to Coinbase and click on BTC, then BCC, then ETH, then LTC and the charts can almost be placed on top of each other. The Asians are selling and the US are buying. If you just bought BTC at 7am and sold at 7pm each night, you would be up a shit load the last 30 days. I've been tracking it.

[Mac4Lyfe]

Bitcoin cash has been down since it hit coinbase

It was $1,200 before it hit CB and skyrocketed to $4k. It's settled right around $2,500 which is still 60% rise.

I see ripple doing the same thing. Probably go from $3 to $6 or $7 and finally settle around $4.50 to $5.

I don't see how ripple WON'T be on CB. Too much money in the coin now. It's already #2. CB pretty much has to offer it. Ripple is the coin that regulators will love. I hate that but it won't stop me from making money on it.

[shocka1212]

The only thing that scares me about XRP is that the Ripple company owns approximately 1/2 the XRP.

bingo... thats my main concern... the banks can give them a good ol call (the way they do the fed now with the stock market) and have them dump a sizable amount into circulation and drastically manipulate the price.

[ans61201]

It's almost clockwork EVERY night the Asians sell off cryptos and then in the morning (around 7:30am then again at 10:30am) you see coins start to rise. You can go to Coinbase and click on BTC, then BCC, then ETH, then LTC and the charts can almost be placed on top of each other. The Asians are selling and the US are buying. If you just bought BTC at 7am and sold at 7pm each night, you would be up a shit load the last 30 days. I've been tracking it.

It’s been that way quite a bit. I lost out thinking that would happen to xrp last night but it just was on fire all through the night. Fml. Anyhow I kind of hope they take them back down again, would like a fresh rentery point then to leave these things the hell alone for a bit

[Bucketwah]

It was $1,200 before it hit CB and skyrocketed to $4k. It's settled right around $2,500 which is still 60% rise.

I see ripple doing the same thing. Probably go from $3 to $6 or $7 and finally settle around $4.50 to $5.

I don't see how ripple WON'T be on CB. Too much money in the coin now. It's already #2. CB pretty much has to offer it. Ripple is the coin that regulators will love. I hate that but it won't stop me from making money on it.

Yeah but you couldnt buy or sell it for awhile after it hit cb... at least i couldnt

[dlowilly]

This run reminds me of the internet craze a couple decades ago. People, companies, banks were dropping money on anything with a dot.com hoping to catch lightning in a bottle. Many of those dot.com companies went belly up. The real estate boom is also similar. People were buying up houses 1x, 2x, 3x asking price with no experience in real estate. A lot of people got killed when that bubble burst.

There used to be over 1,500 cryptos on coinmarketcap.com. I just checked and there's only 1378 now. I think the great majority of these coins will die a slow death as people gravitate to the most popular ones. The coins that can integrate technology into everyday use is what will win market share. The coin that Amazon adopts will immediately become a top coin. A coin that solves corporate problems will be a top coin. I have no idea what coins this will be but I think it's a great hedge to invest in the top 10 or 20 coins. At least 1 - 5% of your portfolio should be in crypto IMO. We're going to see some horror stories the next few years but there's going to be a lot of successful one's too. You just have to keep an eye on the pulse and be ready to change at the right time.

Yup, eerily reminds me of the Dot.com bubble too. The way I will try to protect against it is sell 10% of my crytpos at specific price points determined ahead of time.

[Bucketwah]

By the time you could buy it on cb, it was on its downwards slope

[shocka1212]

Question for the likes of shocka, MAC etc


There’s so many coins being created, and so much money being made off of pumping up 2 cent coins etc. (obviously the technology matters for success long term)

One of the things I’m worried about with these long term holds is having all of my free $ tied up in long term holds, and coins continually being added to the market and the money goes there from the whales because it’s an easier flip for them to manipulate.

Reason I think this matters is because I’d say 2/3 of the people dropping money on these in 2018 doesn’t even know what the coin does they just wanna see something cheap that can make them a “bitcoin millionaire”

In short, you guys worried about all of these new coins continually getting put out each week, or think the cream will continue to rise to the top and have further support for the ones who have actual use

the fact that theres new coins, no, not concerning.. Only negative that would come from them would be the SEC getting involved furthermore to try and regulate ICO's (more than they already have)... the key here is Asia, the more Asia opens up into the space, the more the likes of ADA and TRX will skyrocket with both old and new money being poured in. With the more roadblocks that some of these networks face, there will most likely be new developers trying to correct the issues with other networks (i.e. ada trying to focus on the scaling issues BTC and ETH have had which is why I love it so much) rather than just sell us on some fad.

as far as dumping money into some new ICO, id tell you to make sure you do your homework (not just the white paper) and make sure its something you feel comfortable holding for a year (even if it spikes 10x in the first month and you take profit).

[Mac4Lyfe]

I need to clarify that you can use MyEtherWallet for TRX because it's an ERC20 token. You CANNOT use it with Cardano ADA. You won't be able to make a custom token for Cardano in MEW. To create the custom token for TRX, do the following.

Under token balances in MEW you can add custom tokens (TRX)
Use the following details to add the custom TRX token
ADDRESS: 0xf230b790e05390fc8295f4d3f60332c93bed42 e2 SYMBOL: TRX DECIMAL: 6
Just withdraw the TRX from your exchange and send it to you MEW address. You will see it under token balances.


Cardano has it’s own cryptocurrency which is ADA, the wallet is called Daedalus (which is great). Check & download at https://daedaluswallet.io It's very easy to use.

[Mac4Lyfe]

bingo... thats my main concern... the banks can give them a good ol call (the way they do the fed now with the stock market) and have them dump a sizable amount into circulation and drastically manipulate the price.

I agree but I'll still make money on it. I use to own tobacco stocks and they did very well. I'm not a smoker and I think cigarettes are awful but it didn't stop me from making money. I think we all know ripple is going to keep going up. Why not take advantage of what we know? Once it hits CB, I'll be selling off profits and letting the rest ride.

[Mac4Lyfe]

Yeah but you couldnt buy or sell it for awhile after it hit cb... at least i couldnt

Which is why we all need hardware wallets.

[firekillex]

man ADA is flying up $1.25 today is insane.....
where do you think the ceiling for this project ??? basically this is just a concept right now and its already this high, if the coin can actually produce this could be HUGE but could also tank big time.... very big RISK/REWARD imo, but i want to risk it

people saying theres so many coins that itll need to be a top 3 market coin to get $5? will need to look more into the numbers here

[shadymcgrady]

TRON is crashing the hell out of binance right now

[Mac4Lyfe]

Only negative that would come from them would be the SEC getting involved furthermore to try and regulate ICO's (more than they already have)...

Shocka - I know you really like the private coins. I like them too but I'm not heavily invested in them right now. I think Monero, ZCash and maybe Verge could have a huge year because of privacy. I want to dump a lot in these coins but I'm tied up in others like TRX and ADA. I may have to slowly move positions into these if things get over regulated??

[pilebuck13]

I agree but I'll still make money on it. I use to own tobacco stocks and they did very well. I'm not a smoker and I think cigarettes are awful but it didn't stop me from making money. I think we all know ripple is going to keep going up. Why not take advantage of what we know? Once it hits CB, I'll be selling off profits and letting the rest ride.

Precisely I got into xrp fairly early so a potential nose dive does not scare me as I could surely sell for profit before a complete fall out. This is the case with most of these coins. I realize if all else fails I would still see green. Now my sell limits are around 10 percent profit margin regardless so I really have nothing to worry about. Essentially taking advantage of this ride on all the coins I can, and if one really shines to top dog then I’ll really be set.

[ace7550]

When the Tezos network launches it is gonna instantly moon

1115

Tezos (Pre-La...

XTZ

$?

$7.42

? *

$1,556,960

0.75%

24.72%

95.41%

[Mac4Lyfe]

XVG Verge might be on the move...

[dlowilly]

TRX at .16 now

[mngambler]

TRX at .16 now

[dlowilly]

[bonzaii]

This is nuts. Literally everything I've thrown money at is going up. Can't pick losers. Fck BOL can wait to take my money. XRp on it's way up too.

[Mac4Lyfe]

This is nuts. Literally everything I've thrown money at is going up. Can't pick losers. Fck BOL can wait to take my money. XRp on it's way up too.

and I couldn't buy a win in college football or the NFL the last 2 weeks. Just threw money away while these cryptos have gone crazy. The last year has been unprecedented. I need to cash out at all my books and dump that money in crypto too.

[bonzaii]

https://thenextweb.com/hardfork/2018/01/03/ripple-xrp-coinbase-coinsquare/

Amidst speculation that popular cryptocurrency exchange Coinbase is quietly working on adding Ripple (XRP) to its platform, Canada’s leading exchange desk, Coinsquare, has announced plans to integrate Ripple to its website in the near future.
"In a televised interview on the local Business News Network (BNN), Coinsquare CEO Cole Diamond revealed that the company is eyeing to extend its line of cryptocurrencies with new additions – and Ripple is among the first ones on the agenda.

“We’re going to be adding Ripple, we’re going to be adding Monero,” Diamond stated during the interview. “We’re going to be adding other digital currencies that have their own blockchains and never did ICOs (initial coin offerings) – with the exception of Ethereum.”

Unfortunately, the CEO stopped short of laying out a roadmap for when these integrations will be completed.


Curiously, rumor has it that Ripple could similarly land on Coinbase in the coming months.

According to industry insiders, adding Ripple to the platform was a hot topic during the company’s Christmas party, with numerous employees discussing this possibility.

Unfortunately, most of these rumors have so far remained unsubstantiated.
We’ve reached out to Coinbase for comment and will update this piece accordingly should we hear back. "

[ans61201]

and I couldn't buy a win in college football or the NFL the last 2 weeks. Just threw money away while these cryptos have gone crazy. The last year has been unprecedented. I need to cash out at all my books and dump that money in crypto too.

Dude I haven’t taken a week off from betting sports in probably 3 years. When btc had one of its crazy runs I remember moving .5 btc right before the run to bet football for the weekend. Bitcoin doubled and I lost 2/3 of my deposit. Hated myself lol

I go days without laying bets and not even checking the lines.only bet a few Bowl games only because even at a 60% win rate it’s such a negative ev play to dumping it into crypto. Lol

I have a couple grand on Bovada to keep myself sane

And can’t go to a blazer game without betting on the game (season ticket holder) haha

[bonzaii]

and I couldn't buy a win in college football or the NFL the last 2 weeks. Just threw money away while these cryptos have gone crazy. The last year has been unprecedented. I need to cash out at all my books and dump that money in crypto too.

That's what I did. Just made my last withdraw.

[Plaza23]

I hate buying anything on the upswing, but I bit the bullet and got in on Ripple. When it first spiked to 2.43 last week, I knew there'd be a pullback, but I still didn't get in at that point because I wanted to see what the bounce back would do. And the bounce back has went from 1.60 to 3.00+ in about 4 days. I think this is legit currency now and you will start seeing more conservative investors getting into it. I wouldn't be surprised if the price hits $10 by February.

[Plaza23]

There’s so many unknowns. There isn’t much precedent for coins with 10s of billions in circulation to go over $10, is a common thing I hear, but we also have such a small sample size of possibilities, and it’s such a quickly growing market it’s hard to tell really what’s possible. Who knows what the crypto market cap could become, it’s so small in the scheme of things and it’s world wide.

I thought xrp was going to top out 10-12 but I asldo didn’t see it being 3-5 before any potential arrangement with coinbase so it still has room, probably a correction coming. I got burnt last night thinking last night would be the dip, it gained about 40 cents by time I woke up and then just kept climbing so I finally added a little more. Bought in at .25 cents originally but sold half my position at 1 dollar and have been making bad decisions with it since, just adding and leaving it the hell alone

I am the exact same way. I hate the thought of buying anything, and then having it's value drop - so I always look to buy at the valley. But in some of these cryptos there's just never any valley when the bull rush is so strong. And then you feel pissed that you missed out on it. So I reasoned that if I have a long term outlook that I believe Ripple is worth $5 or $10 or $15 or whatever...something more than it is today, then any trade I make today is still a good trade in the long run. And if the value declines in the short run, I'll be able to buy more. I'll look on that bright side.

But I feel like I made a major mistake by not getting in at 1.40 or even 2.20. But thats because I was caught thinking short term. I was wanting to get the best price today, instead of thinking long term about what the price will eventually be. If you buy in at $1, $2, or $3, and the prices goes to $5,$10,$15...you've still won.