crypto currency discussion

**icon** · 01-10-18, 11:46 PM

Originally posted by ans61201

Side question:

If the government seized all of their crypto, what the hell happens to all of those btc? Does btc randomly become more valuable overtime if these go to waste

More than likely any seized crypto would be sold. No way would a government not grab all that free cash.

**dlowilly** · 01-10-18, 11:48 PM

Originally posted by shocka1212

If you didn't sell up 600%, why would you sell now?

Shocka you hodling or buying? Which one has the most attractive dip?

**NYGMen09** · 01-10-18, 11:50 PM

Eth bouncing back somewhat

**Soxsfan9** · 01-10-18, 11:50 PM

From what I am reading the government is just shutting down exchanged that are not following the rules.

I am a complete noob to this, but I am seeing this as a hold steady and it will rebound.

**The Kraken** · 01-10-18, 11:51 PM

We've been through much worse boys

BUT, this is a big deal. No clue how the market is going to react over the next 24 hours.

**ans61201** · 01-10-18, 11:53 PM

It’s tempting unless looking for buys to just shut off phone for a couple of days until the dust settles.

I would love to buy, but I thought earlier today was going to be the low, or close to low so Filled up my positions, and now they’ve all dipped another 30%. Pretty brutal.

**firekillex** · 01-10-18, 11:58 PM

why do people complain / cry every dip there is....

if youre going to stress everytime this happens this game aint for you

very easy concept... buy low/ sell high , shocks me how people cant follow this concept

**shadymcgrady** · 01-10-18, 11:59 PM

You know what's not free falling right now? The US dollar. Pump that sht in and buy whatever coin you want low

**The Kraken** · 01-11-18, 12:00 AM

Originally posted by firekillex

why do people complain / cry every dip there is....

if youre going to stress everytime this happens this game aint for you

very easy concept... buy low/ sell high , shocks me how people cant follow this concept

Lot of newer people getting into this, lot of people in over there heads, lot of really high expectations (that the market only moves upwards)

With time people will get a little less green and understand what it means to take part in a truly volatile market and have skin in the game. It's one thing to talk about it and another to experience it

**firekillex** · 01-11-18, 12:00 AM

Originally posted by shadymcgrady

You know what's not free falling right now? The US dollar. Pump that sht in and buy whatever coin you want low

you get it buddy, youll make it in the end
these suckers like seaweed will be stressing weekly and lose money in the end

**firekillex** · 01-11-18, 12:04 AM

Originally posted by The Kraken

Lot of newer people getting into this, lot of people in over there heads, lot of really high expectations (that the market only moves upwards)

With time people will get a little less green and understand what it means to take part in a truly volatile market and have skin in the game. It's one thing to talk about it and another to experience it

agreed, just annoying seeing the same people come in everytime theres a dip and troll/ leave FUD then flee away and say nothing when everything is green and people are winning

i want everybody here to win in the end... but if youre going to stress and freak out everytime things go red this isnt for you
this game is risky, only put in what you CAN LOSE , then just make as much money as you can and get the fck out

( not directed at you just people in general hahah )

**dlowilly** · 01-11-18, 12:06 AM

TRX volume is absolutely insane right now

**TPowell** · 01-11-18, 12:07 AM

Good news. This is complete FUD

**Mac4Lyfe** · 01-11-18, 12:08 AM

Originally posted by TPowell

Yep, I really don't even want to be involved anymore. We are literally betting on a ticking timebomb as far as government intervention goes.

I really don't see any way in hell that the US government can ban crypto. Too many people are invested now. Wall Street is invested, Silicon Valley is invested, Main Street is invested. Other countries are looking to get into crypto to get out of their financial woes. Venezuela president just issued the PetroCoin backed by Venezuelan oil to avoid US sanctions and try to stabilize their economy. Their parliament just ruled the coin illegal.
This reminds me so much of the internet it's uncanny. Most people should read up on MIT, Darpa and ARPANET back in the early 60s. It took decades for packet switching to go from NCP to TCP/IP in 1983. It took a ton of collaboration from people from all industries. White papers were published just like we're seeing in crypto. Protocols on how to do business, funding from private, government and academia. A lot of fear and paranoia. A lot of money as well. The history of the internet is a good study into what we might expect with crypto.

**Sternshow** · 01-11-18, 12:08 AM

Shocks, ace,Mac and the other sharp people in this thread, what do you think will be the greatest opportunity buys after this dip. I moved all my crytos to Bitcoin, eth, and ripple for now, but once the market gets stable able, I will get back into the lower value crptos again. I was in ada, trx, elf, xlm, xvg, xmr, and ast. I will keep 75% in Bitcoin and ethereum, but which 5 do you think looking at the dip now, do you think has the best 1 year hold value. I am looking for at least 1 or 2 long term home run shots for 5% each, and the other 3 a little more stable for 5% each. I know there is no way to really know what will happen, just asking for suggestions and what you like at these low prices.

**TPowell** · 01-11-18, 12:08 AM

Apparently South Korea is only targeting unregulated exchanges and NOT actually banning crypto straight up. GREAT spot to buy

**shocka1212** · 01-11-18, 12:08 AM

Originally posted by dlowilly

Shocka you hodling or buying? Which one has the most attractive dip?

Whatever isn't pulling back from a 1000% pump. (AST, wabi, elf)

**The Kraken** · 01-11-18, 12:10 AM

Originally posted by TPowell

Apparently South Korea is only targeting unregulated exchanges and NOT actually banning crypto straight up. GREAT spot to buy

I posted the other day about the importance of having free money in exchanges in both BTC and USD, this is why.

Most everything is 50% recovered at this point

**proteinfart** · 01-11-18, 12:13 AM

Originally posted by TPowell

Apparently South Korea is only targeting unregulated exchanges and NOT actually banning crypto straight up. GREAT spot to buy

Glad I held. Coming back up now

**paco** · 01-11-18, 12:14 AM

America can ban cryptos much easier then u think. Anything not protected by bill of rights can be banned within a few weeks especially when you are talking about weakening the dollar.

**TPowell** · 01-11-18, 12:17 AM

Originally posted by The Kraken

I posted the other day about the importance of having free money in exchanges in both BTC and USD, this is why.

Most everything is 50% recovered at this point

Yep, I had to settle for buying BTC at a very cheap price

**bonzaii** · 01-11-18, 12:19 AM

I consider any amount invested into crypto as lost money that I would have lost in sports betting anyway. No reason to worry. Ride it out to the sky or till you get buried.

**ans61201** · 01-11-18, 12:20 AM

Huge arbitrage opps between binance/bittrex

Edit: have too many computers open didn’t refresh one that had bittrex up

**The Kraken** · 01-11-18, 12:24 AM

Im seeing xrp as 12300 on btrx

**TPowell** · 01-11-18, 12:27 AM

ICX from under 8 to 10 in 20 minutes. God I love this market

**Sternshow** · 01-11-18, 12:32 AM

And I am only in binance and kraken so if your suggestions can be buys on either of those exchanges, it would be appreciated.

Originally posted by Sternshow

Shocks, ace,Mac and the other sharp people in this thread, what do you think will be the greatest opportunity buys after this dip. I moved all my crytos to Bitcoin, eth, and ripple for now, but once the market gets stable able, I will get back into the lower value crptos again. I was in ada, trx, elf, xlm, xvg, xmr, and ast. I will keep 75% in Bitcoin and ethereum, but which 5 do you think looking at the dip now, do you think has the best 1 year hold value. I am looking for at least 1 or 2 long term home run shots for 5% each, and the other 3 a little more stable for 5% each. I know there is no way to really know what will happen, just asking for suggestions and what you like at these low prices.

**The Kraken** · 01-11-18, 12:38 AM

stern xmr and ada are solid and have potential moving forward. ada is particularly sensitive to the asian market so you might be able to find some of it on sale right now. I don't like xvg but can't deny they get action. Dont forget about neo, I think 2018 is going to be the year of eth and neo will benefit because of that.

**ace7550** · 01-11-18, 12:43 AM

Originally posted by Sternshow

Shocks, ace,Mac and the other sharp people in this thread, what do you think will be the greatest opportunity buys after this dip. I moved all my crytos to Bitcoin, eth, and ripple for now, but once the market gets stable able, I will get back into the lower value crptos again. I was in ada, trx, elf, xlm, xvg, xmr, and ast. I will keep 75% in Bitcoin and ethereum, but which 5 do you think looking at the dip now, do you think has the best 1 year hold value. I am looking for at least 1 or 2 long term home run shots for 5% each, and the other 3 a little more stable for 5% each. I know there is no way to really know what will happen, just asking for suggestions and what you like at these low prices.

I liked all of these 2 months ago and still do:
IOTA
Siacoin
Electroneum
Tezos

I like Litecoin in the short term.

If you want a longer shot buy LBRY Credits. There is a new mining rig coming out in 10 days made by a company called Baikal. It's a game changer. It's called a Giant B. These mining rigs have an awesome return on LBRY and that means that network is about to get a ton of support. Look for the price of LBRY to shoot up in late Jan/early feb.

**Arky** · 01-11-18, 12:44 AM

So, that's what's been happening: The South Koreans are causing an imbalance in the market.... Earlier tonight I was thinkin', dang all the Asians do is sell....eheh...man...

**The Kraken** · 01-11-18, 12:47 AM

Originally posted by ace7550

I liked all of these 2 months ago and still do:
IOTA
Siacoin
Electroneum
Tezos

I like Litecoin in the short term.

If you want a longer shot buy LBRY Credits. There is a new mining rig coming out in 10 days made by a company called Baikal. It's a game changer. It's called a Giant B. These mining rigs have an awesome return on LBRY and that means that network is about to get a ton of support. Look for the price of LBRY to shoot up in late Jan/early feb.

Sia is a good coin, they actually have a functional product out with contracts, super cheap as well

**shocka1212** · 01-11-18, 12:49 AM

Originally posted by The Kraken

stern xmr and ada are solid and have potential moving forward. ada is particularly sensitive to the asian market so you might be able to find some of it on sale right now. I don't like xvg but can't deny they get action. Dont forget about neo, I think 2018 is going to be the year of eth and neo will benefit because of that.

Everyone stressing the Korean economy when Japan is the real driver of all of this.. pretty absurd to overreact to today's events and chances are the ones who are are the same ones who don't know a white paper let alone have taken the time to read one. Imagine if people were losing their original investment? Yikes

**The Kraken** · 01-11-18, 01:02 AM

Originally posted by shocka1212

Everyone stressing the Korean economy when Japan is the real driver of all of this.. pretty absurd to overreact to today's events and chances are the ones who are are the same ones who don't know a white paper let alone have taken the time to read one. Imagine if people were losing their original investment? Yikes

This was barely a blip on the radar compared to others. It wasn't even a month ago btc dropped about 35-40% in one day (a few days before xmas). Today was likely in the 10-15% range and it recovered within the hour

**ans61201** · 01-11-18, 01:03 AM

Originally posted by shocka1212

Everyone stressing the Korean economy when Japan is the real driver of all of this.. pretty absurd to overreact to today's events and chances are the ones who are are the same ones who don't know a white paper let alone have taken the time to read one. Imagine if people were losing their original investment? Yikes

Down playing it a bit. Also it’s not the singular act of 5% of btc and 10% of Eth, it’s the amount of money that’s in the market from everyday joes that will panic that’ll also have a bit effect on the price in situations like these. Creates fear of the potential for it to happen to their exchanges etc. it’s not just a dip, or retrace. Again long term I see everything being fine, even the other ones then the 3 new ones you’re pushing, but this is potentially a big deal.

How this was kept so quiet but had so many warning signs over the last few days that something was up is kind of amazing

**ace7550** · 01-11-18, 01:06 AM

By the way, I should mention that I liked XRP a couple months ago too. It has done well but I am out. The more I've researched the more I don't like it. It got pumped hard but I wouldn't buy in now or ever at this point.
I'm also in ADA (thanks Shocka) and ODN which was recently suggested by firekillex

**shocka1212** · 01-11-18, 01:06 AM

Originally posted by The Kraken

This was barely a blip on the radar compared to others. It wasn't even a month ago btc dropped about 35-40% in one day (a few days before xmas). Today was likely in the 10-15% range and it recovered within the hour

Look at the Decentraland (MANA) chart from early December. If that didn't get your heart racing, idk what could. Made a ridiculous amount of money riding that wave