crypto currency discussion

[Goat Milk]

Thanks. I've been following the board on picking these alt coins, so thank you guys. I have roughly 55-60% of my portfolio invested in ETH and BTC. In terms of day trading, I don't have a system, I mainly go with the trend by looking at the resistance levels, trading volume, and news.

what are you projecting to gain with bit coin? for us small time investors putting in a couple grand or whatever, bitcoin makes no sense.

[Arky]

Very newbie question here, but is it safe to leave the money in Binance? I see people talking about moving money to their wallet but im still unsure how all this works. Basically I just opened my account two days ago. Deposited into my coinbase, then to gdax, and then to binance to lessen the fees. Now I have money in a few alt coins. I leave it in binance until im ready to maybe sell them off and withdraw, correct?
Not really sure why people transfer from binance to digital wallet instead of just moving it back to usd and into banking account?

Sorry, I know this is a really newbie question and any help would be greatly appreciated

Different strategies. Long-termers profit and reinvest. Fast-buckers cash out.

[ans61201]

Side observation here:


Today and yesterday are first days we’ve seen bcc go opposite direction since being added to coinbase as the other 3. Usually they’ve mirrored one another since the add. Btc going down, eth down, Ltc down, bcc up

[Rangers0035]

Different strategies. Long-termers profit and reinvest. Fast-buckers cash out.

Thanks for the response!

I plan on reinvesting but cant I just leave it in Binance and then reinvest right from there instead of ever really transferring money out of binance? For ex, I just got in on Tron at 11cent. Is it smart to leave it into binance and lets say it gets to 3 bucks, then I sell it off and immediately buy something else? Therefore it never leaves binance and it never goes into a wallet?

[shocka1212]

Thanks for the response!

I plan on reinvesting but cant I just leave it in Binance and then reinvest right from there instead of ever really transferring money out of binance? For ex, I just got in on Tron at 11cent. Is it smart to leave it into binance and lets say it gets to 3 bucks, then I sell it off and immediately buy something else? Therefore it never leaves binance and it never goes into a wallet?

boils down to whether or not you want to go through the trouble of moving it from the exchange, to the wallet, then back to the exchange when you intend on selling. Matter of personally preference and level of paranoia if you ask me.

[Mac4Lyfe]

Good for you (sincerely). Sounds like you made a killing. Do you ever leave the computer? lol. Like I said, I'm just fine with my setup, don't want to turn into Trader Joe.
Faint-heartedness, patience, fear, panic-ing, relaxing, etc. all have nothing to do with being disappointed in the performance of a coin. I still own the coin. Gonna see what happens - time will tell, eh?

I'm in front of the computer and on the phone all day, every day. I literally had cauliflower ear until I went bluetooth. I talk and type A LOT.

How can you be disappointed in a coin that you've owned for <10 days and say that patience has nothing to do with your disappointment? There will be plenty of highs and lows but that comes with the territory with this. All we're saying is ride it out and be prepared for the swings. I applaud the guys that can sell high and buy low. Most people long term hodl.

[Mac4Lyfe]

I plan on reinvesting but cant I just leave it in Binance and then reinvest right from there instead of ever really transferring money out of binance? For ex, I just got in on Tron at 11cent. Is it smart to leave it into binance and lets say it gets to 3 bucks, then I sell it off and immediately buy something else? Therefore it never leaves binance and it never goes into a wallet?

Google Mt. Gox. That was an exchange that did 70% of all the BTC transactions back in the day. They got hacked (I think it was an inside job) and everyone got their BTC stolen. Billions of dollars GONE. So, what would you do if you wake up tomorrow and Binance or another exchanges website is gone? Who are you going to go after? Where are you going to get your coin/money? You are essentially fukked. You control an offline wallet. You can sell your coins yourself even when an exchange pauses buys/sells because of network congestion. You'll sleep much better with your coins offline.

[Goat Milk]

Mac has great insight on this stuff. Mac, I know you told me you expect Tron to hit 65 cents at some point.... at what point, and also, when do we know when to get out? Since all this stuff is unregulated, there's a ton of fraud and insider trading going on to manipulate the price. I'm sure everyone here knows all these coins are shady as f.

[Rangers0035]

Google Mt. Gox. That was an exchange that did 70% of all the BTC transactions back in the day. They got hacked (I think it was an inside job) and everyone got their BTC stolen. Billions of dollars GONE. So, what would you do if you wake up tomorrow and Binance or another exchanges website is gone? Who are you going to go after? Where are you going to get your coin/money? You are essentially fukked. You control an offline wallet. You can sell your coins yourself even when an exchange pauses buys/sells because of network congestion. You'll sleep much better with your coins offline.

Thank you, Mac. Really appreciate the insight. All my coins on I have on binance are all under a dollar. Just bought in yesterday. So I would have to keep it in binance for quite awhile until any of them are (hopefully) up enough before I consider selling them. Do you feel its safe in there for awhile?
Sorry for all the basic questions. Im very new in all of this (obviously lol) and as much articles ive read or videos Ive watched, this is all still very new to me and like a foreign language. I assume wallets are only used to store your coins while youre are figuring out wether to reinvest them or cash out to usd? As long as I still have all of my money active in coins, I dont have to worry about it much, right?

[Arky]

I'm in front of the computer and on the phone all day, every day. I literally had cauliflower ear until I went bluetooth. I talk and type A LOT.

How can you be disappointed in a coin that you've owned for <10 days and say that patience has nothing to do with your disappointment? There will be plenty of highs and lows but that comes with the territory with this. All we're saying is ride it out and be prepared for the swings. I applaud the guys that can sell high and buy low. Most people long term hodl.

Because of the 15 coins or so I possess, Tron is the worst performer and for me, it's disappointing. Sorry, just is. (FK the 10 days) Had it been FUN or ADA or one of the others at the bottom, I would still be disappointed. Negative talk about TRON really gets your gears going, eh?

Your contributions in this forum are unsurpassed and loaded with a lot of good advice. You preach long term (hold!) and I'm fine with that. I would think you would be a millionaire by now. Still, some of your anecdotes make it sound like you had a lot of Fast-Buck Freddie in you in the past... Haven't met a gambler yet who didn't (I've got the gene). Just an observation, not a criticism. Carry on....

[Mac4Lyfe]

Mac has great insight on this stuff. Mac, I know you told me you expect Tron to hit 65 cents at some point.... at what point, and also, when do we know when to get out? Since all this stuff is unregulated, there's a ton of fraud and insider trading going on to manipulate the price. I'm sure everyone here knows all these coins are shady as f.

I haven't seen the fraud (yet). I don't consider these coins shady. Why? It's just an improved way to move money. I believe in the technology. It makes sense to me. There's real reasons for me to use it. I can see clearly why stores, banks, financial institutions and every day companies should use it as well. More and more people are starting to realize the benefits. Large banks are starting to see they can reduce transaction times and lower fees. More companies will soon see that they can take their business global because the coin is now global. What prevents a US business that sells hand made bags for instance from selling to someone in Iran, Russia, North Korea or some other embargoed country? What prevents that company from doing business in Mexico, India, China, Europe, Africa, etc.? CURRENCY. Once you move currency out of the way, the rest is simple.

Do we have a list of fraudulent coins? I don't know of ANY outside of some scam ICO's. Were there any on coinmarketcap? I keep hearing this term "pump and dump" directed at a particular coin but why would a coin developer want to pump then dump what they worked hard on? Wouldn't they want to further develop their technology and build the coin as the next big thing? It makes no sense for them to kill their own coin at this stage. This is the venture capital stage. These coins are trying to grow not collapse. Now there's a lot of individuals and institutions that want to manipulate the market. You can't stop that, especially in the stock market. Then you have the scammish people that will try to hack your computer, mobile phone to STEAL and other people that will come up with wild ass ponzi schemes. You can't stop that either. A bit of paranoia is good but I think it's over the top in this forum at times.

I'm holding all my coins. I'm investing every month into more crypto, just like I do the stock market. I keep saying that I think at this stage ALL these coins are going to keep going up for one simple reason. There's much more buyers than sellers. We are at an incredible time. Most people hodl their coins. I wish I knew when to sell Tron at $0.30 then buy back at $0.10. I've never been good at that. I dollar cost average, buy on the dips and enjoy the rewards when the coin goes up. When Tron went down, I bought more. I bought more ETH, EOS, ADA, XVG, STEEM, XLM, VEN and RDN last week. I'm buying something tonight or tomorrow. Next week if coins are up, I'll wait to buy. I'll take a bit off the top by buying other coins as well, but I don't sell to take out cash.

How will we know when to get the hell out of the game? IMO when market cap and volume goes to shit. No volume and no money, means no opportunity.

• Market Cap: $724,725,986,226
• / 24h Vol: $54,205,362,937

[Mac4Lyfe]

Thank you, Mac. Really appreciate the insight. All my coins on I have on binance are all under a dollar. Just bought in yesterday. So I would have to keep it in binance for quite awhile until any of them are (hopefully) up enough before I consider selling them. Do you feel its safe in there for awhile?
Sorry for all the basic questions. Im very new in all of this (obviously lol) and as much articles ive read or videos Ive watched, this is all still very new to me and like a foreign language. I assume wallets are only used to store your coins while youre are figuring out wether to reinvest them or cash out to usd? As long as I still have all of my money active in coins, I dont have to worry about it much, right?

I think Coinbase is the safest exchange. It's the one that's FDIC insured, although that may only be on your cash and may not be on your coin (hopefully, we'll never have to find out). I have a lot in Binance, Bittrex and Bitstamp. It really does not make sense for me to have that much in any exchange. We should all store the coins ourselves, especially when the exchanges pause trading on coins whenever they like. It's just convenient to be able to buy and sell from an exchange but it's really not prudent. You can easily move coins from your own wallet back to the exchanges. I moved my BTC's years ago and just moved ETH. I'll move some of the smaller coins that I've built big positions soon. You have to.

Because of the 15 coins or so I possess, Tron is the worst performer and for me, it's disappointing. Sorry, just is. (FK the 10 days) Had it been FUN or ADA or one of the others at the bottom, I would still be disappointed. Negative talk about TRON really gets your gears going, eh?
Your contributions in this forum are unsurpassed and loaded with a lot of good advice. You preach long term (hold!) and I'm fine with that. I would think you would be a millionaire by now. Still, some of your anecdotes make it sound like you had a lot of Fast-Buck Freddie in you in the past... Haven't met a gambler yet who didn't (I've got the gene). Just an observation, not a criticism. Carry on....

I've made millions of dollars, just not in crypto yet. I'm fast and steady in spurts. I played it too safe in crypto early on. It's all good. I feel your pain on Tron taking a dump. Believe me, I really feel your pain, my gears are going. I'm sitting on over +130K shares. You do the math. I was losing $1,300 every penny. I'm very long in XVG and ADA too. ADA's taken a beating in the last 10 days more than Tron.

But, I'll bet you that we will bump this thread a year from now saying... "I'm glad I did" or "I wish I could have, woulda, shoulda"!!!

[The Giant]

Guys, yesterday I bought 20 litecoins at coinbase. Is it easier to move litecoin, than say, bitcoin? Just curious, apparently I'm not going to have it until the 18th.

[The Kraken]

Yes, much. Cheaper and faster. Hopefully we see a nice bump in LTC between now and then

[TPowell]

Guys, yesterday I bought 20 litecoins at coinbase. Is it easier to move litecoin, than say, bitcoin? Just curious, apparently I'm not going to have it until the 18th.

Bitcoin is slow and inefficient. It is just the namesake at this point IMO

[Chi_archie]

[BeatTheJerk]

I think Coinbase is the safest exchange. It's the one that's FDIC insured, although that may only be on your cash and may not be on your coin (hopefully, we'll never have to find out). I have a lot in Binance, Bittrex and Bitstamp. It really does not make sense for me to have that much in any exchange. We should all store the coins ourselves, especially when the exchanges pause trading on coins whenever they like. It's just convenient to be able to buy and sell from an exchange but it's really not prudent. You can easily move coins from your own wallet back to the exchanges. I moved my BTC's years ago and just moved ETH. I'll move some of the smaller coins that I've built big positions soon. You have to.

I've made millions of dollars, just not in crypto yet. I'm fast and steady in spurts. I played it too safe in crypto early on. It's all good. I feel your pain on Tron taking a dump. Believe me, I really feel your pain, my gears are going. I'm sitting on over +130K shares. You do the math. I was losing $1,300 every penny. I'm very long in XVG and ADA too. ADA's taken a beating in the last 10 days more than Tron.

But, I'll bet you that we will bump this thread a year from now saying... "I'm glad I did" or "I wish I could have, woulda, shoulda"!!!

Multi-Millionaire ? Doing what .... you must explain to make such broad claims, only fair dude.

[firekillex]

boils down to whether or not you want to go through the trouble of moving it from the exchange, to the wallet, then back to the exchange when you intend on selling. Matter of personally preference and level of paranoia if you ask me.

its a pain in the damn ass sometimes... i moved my iota to IOTA wallet, now ive been struggling to get it from the IOTA wallet back to an exchange because i want to sell...... but imo id take the troubles for the security if youre dealing with a decent sized amount of $$$ , especially if its a smaller sketchy exchange

[TPowell]

I'm interested in ADA and XVG myself (more so XVG). Hoping for no rally until next week

[jjgold]

Most of the cryptos are going to fail it is just a few that are gonna last, There’s not enough room

[The Kraken]

I'm interested in ADA and XVG myself (more so XVG). Hoping for no rally until next week

XVG is a shit coin, they suck at the only thing they're supposed to do well. With that said, they will surge and increase in price undoubtedly. I would go with Monero personally but understand not everyone wants to buy a $400 coin.

I love ADA, even more so now that we see what ETH is doing. They're a platform based coin like ETH and if they can get their shit together they're gonna be a hit

[The Kraken]

Most of the cryptos are going to fail it is just a few that are gonna last, There’s not enough room

Hopefully so

[TPowell]

Most of the cryptos are going to fail it is just a few that are gonna last, There’s not enough room

Think crypto has another 6-12 months of solid times (possibly even very lucrative). I'm just looking to cash in on some 3-4 month HODL

[icon]

Mac has great insight on this stuff. Mac, I know you told me you expect Tron to hit 65 cents at some point.... at what point, and also, when do we know when to get out? Since all this stuff is unregulated, there's a ton of fraud and insider trading going on to manipulate the price. I'm sure everyone here knows all these coins are shady as f.

Exactly. Insider trading, price manipulation etc is encouraged.

I understand that many people are making money on the huge price swings but the reality of bitcoin is that as it stands currently it is not suitable as a currency and never will be. $15 transaction fees? No way.

I am not a bitcoin or crypto hater, I am very much interested in all of this but I won't use bitcoin anymore until they fix the speed of confirmations and the transaction fees. In the meantime litecoin is what I will be using, perhaps bitcoin cash as well.

[pilebuck13]

Exactly. Insider trading, price manipulation etc is encouraged.

I understand that many people are making money on the huge price swings but the reality of bitcoin is that as it stands currently it is not suitable as a currency and never will be. $15 transaction fees? No way.

I am not a bitcoin or crypto hater, I am very much interested in all of this but I won't use bitcoin anymore until they fix the speed of confirmations and the transaction fees. In the meantime litecoin is what I will be using, perhaps bitcoin cash as well.

Bitcoin won’t lose the name recognition..they will improve speed and fees and then unfortunately lite coin will be irrelevant.

[icon]

Bitcoin won’t lose the name recognition..they will improve speed and fees and then unfortunately lite coin will be irrelevant.

Well when Satoshi designed bitcoin he never foresaw the current problems , which means there are probably other problems that will appear should bitcoin become more popular/mainstream.
Apparently very few people actually use bitcoin to buy things other than drugs and to fund gambling sites.

[GunShard]

TRON plagiarized whitepapers:

https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal

DADI ICO plagiarized whitepapers:

https://www.reddit.com/r/DADI/comments/7oeg4q/dadi_has_plagiarized_parts_of_sonm_whitepaper_why/

[raiders72001]

Bitcoin won't go away but the name may be transferred to a fork. It was close to occurring with Bitcoin Cash becoming Bitcoin (BTC) and the current version being re-branded.

Coinbase and others stated that may do so prior to the bitcoin cash fork but changed their minds when there was an uproar.

[raiders72001]

Guys, yesterday I bought 20 litecoins at coinbase. Is it easier to move litecoin, than say, bitcoin? Just curious, apparently I'm not going to have it until the 18th.

I'm with Kraken. I use LTC for a lot of transactions. When I do use BTC, I've been paying a .001 BTC fee and it's been fairly fast.

[eddycash]

hi guys..anybody know how fast or slow 5dimes is currently with bitcoin deposits? I want to reload my 5d account on friday for nfl but not sure if I should just stick with heritage.

[The Kraken]

TRON plagiarized whitepapers:

https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal

DADI ICO plagiarized whitepapers:
https://www.reddit.com/r/DADI/commen...hitepaper_why/

This is the wild west, not sure anyone cares about plagiarized white papers

My .02

[Bluehorseshoe]

This is the wild west, not sure anyone cares about plagiarized white papers

My .02

I don't. TRON still got a deal announced this week with a major Chinese company so I guess they didn't care.

[Crusherrr]

Last two hours or so everything getting obliterated.

[TPowell]

Like clockwork,_•Asia wakes up and tanks everything

[The Kraken]

The Korean exchanges being raided certainly add intrigue