crypto currency discussion

[raiders72001]

Let's hear more about the Asian impact + the merchant factor.

In my basic view of economics, the key to BtC continuing to surge is tied to global usage. I have read that the Asians love BtC + prefer it to cash. Would be nice to see more merchants accept BtC as a way to make purchases.

Microsoft is building Identity on top of the BTC blockchain. Gemini is working with Whole Foods. Ebay may soon start taking cryptocurrencies.

[raiders72001]

Big time FOMO going on. Consensus 2019 was in NY Mon-Wed.

[raiders72001]

Tried to grab FCoin some time ago but the exchange is so slow that I passed. Daps is another one that I want right now but the Bitsmart exchange is slow too.

[raiders72001]

only Alts I'm holding are ADA, BNB, and ENJ. sold everything else and am riding ETH and BTC

No ENJ here but on ZEN.

[Yulia74]

alts and btc are pumping together, seems china has returned to cryto, thanks to trade war

[Yulia74]

President Trump's Proposed Remittance Tax is Pushing Bitcoin Adoption

https://ethereumworldnews.com/president-trumps-proposed-remittance-tax-is-pushing-bitcoin-adoption/

[raiders72001]

Ebay did an about face on cryptos.

[Hman]

Ebay did an about face on cryptos.

What's your opinion on Bitcoin right now?

Is it gonna dip well below $8 thousand or pull back up?

[Ro0k]

What's your opinion on Bitcoin right now?

Is it gonna dip well below $8 thousand or pull back up?

It will correct at some point but when or how much, nobody knows.
If you are buying for long term, buy it with money you can afford to lose, put it in a wallet and forget about it. Check back in 2 years.

[raiders72001]

What's your opinion on Bitcoin right now?

Is it gonna dip well below $8 thousand or pull back up?

Short term not sure but over $20k within the next 1.5 years is my guess.

[firekillex]

we havent even scratched the surface of crypto
accumulate and buckle your seat belts

[the_situation]

No love for BCH?

Scamcoin. Just buy BTC

[lotuspod]

What's your opinion on Bitcoin right now?

Is it gonna dip well below $8 thousand or pull back up?

This is some of the best current advice I've came across so far regarding the current state of FOMO, long series of tweets but some good info there - https://twitter.com/ColdBloodShill/s...11465035288577

In short he's saying watch the 50 and 200-day moving averages, which are well below this current price spike. If someone is already sitting on some btc, then they could afford to be a bit more patient.

He's speaking more about using leverage though, so if you're simply just trying to average in and put it away for the future then there could be some small adjustments.

[lotuspod]

Also some new research from Binance on stablecoins, and some tentative discussion on Facebook and/or Samsung making their entrance into crypto with what may or may not be a usd-pegged stablecoin. Future is bright for crypto, just maybe not the short-term.

https://info.binance.com/en/research/marketresearch/stablecoin-evolution.html

[icon]

Big time FOMO going on.

The entire bitcoin bubble is based on FOMO. Greater Fool Theory at its finest.

[eaglesfan371]

Needs to crash a bit or just becomes another dumb bubble. I appreciated when it was stable around $3800-$4000. Sure, I made money riding up to $5500 but now a ton of volatility and if you get it, could wake up $1000 less tomorrow. The most tilting thing is waking up and finding you lost hundreds of dollars of value. Rather it just stay a stagnant price so I can bet on Fairlay.

[QuantumLeap]

Especially MATIC. Coinbase is backing their "plasma project". They've more than doubled their price in the last 4 days.

I've invested a bit in this. It seems more than just a pump-and-dump coin but I have my sell point set just in case.

MATIC doubles in another 4 days so it has quadrupled in a little over a week. I think this coin is really going places due to the investment from Coinbase Ventures. I see a lot of money in these pumps.

The problem with this coin is that it appears like a pump-and-dump coin. The price sharply sold off from 136 Satoshis to 92 on May 14.

This makes it hard to set your stops. I got in at 98 and my stop loss had me existing due to the price going down. No problem, I thought, since I could still get in at 100. Well later on the price goes to 92 and my stop loss was 108 but I was still out because I thought it was pump-and-dump.

Then it recovers the next day and I'm back in. I set my stop a little looser this time. Today it was up to 210.

[raiders72001]

Tried to grab FCoin some time ago but the exchange is so slow that I passed.

FT on a crazy run. Just jumped in but wouldn't be surprised to see it all dumped after this pump.

[lotuspod]

FT on a crazy run. Just jumped in but wouldn't be surprised to see it all dumped after this pump.

Yeah the exchange game is crazy, hard to trust self-reported volume and all of that. Plus the rise of altcoins placed a huge premium on exchange listings, up to the 6-7 figure range lol. When you have trading bots pumping up volume numbers and selling sky-high priced exchange listings to the thousands of alts, who needs fees? ...or even real users at all?

Edit - Meanwhile from the altcoins point-of-view, there are so many projects who (over)spent a huge chunk of their entire funding on one or a few exchanges (and also the often hidden associated costs to the exchange 'partners') that seemed like they were trending at the time...only to see it has had little to no effect in the long run...or worse yet they get delisted a short time after for whatever reason is most convenient for the exchange.

It's the wild west out there for the most part, but freedom comes with its own responsibilities. Stay safe out there.

[raiders72001]

Yeah the exchange game is crazy, hard to trust self-reported volume and all of that. Plus the rise of altcoins placed a huge premium on exchange listings, up to the 6-7 figure range lol. When you have trading bots pumping up volume numbers and selling sky-high priced exchange listings to the thousands of alts, who needs fees? ...or even real users at all?

Edit - Meanwhile from the altcoins point-of-view, there are so many projects who (over)spent a huge chunk of their entire funding on one or a few exchanges (and also the often hidden associated costs to the exchange 'partners') that seemed like they were trending at the time...only to see it has had little to no effect in the long run...or worse yet they get delisted a short time after for whatever reason is most convenient for the exchange.

It's the wild west out there for the most part, but freedom comes with its own responsibilities. Stay safe out there.

I wish that I knew how much wash trading was going on.

[QuantumLeap]

MATIC doubles in another 4 days so it has quadrupled in a little over a week. I think this coin is really going places due to the investment from Coinbase Ventures. I see a lot of money in these pumps.

The problem with this coin is that it appears like a pump-and-dump coin. The price sharply sold off from 136 Satoshis to 92 on May 14.

This makes it hard to set your stops. I got in at 98 and my stop loss had me existing due to the price going down. No problem, I thought, since I could still get in at 100. Well later on the price goes to 92 and my stop loss was 108 but I was still out because I thought it was pump-and-dump.

Then it recovers the next day and I'm back in. I set my stop a little looser this time. Today it was up to 210.

MATIC has tripled in price since when I first bought it at 6 days ago.

BNB is now over $29 and I bought it at around $10 back on February 28.

Both could crash so I'm not claiming any victory. I will no longer post any more speculation.

Good luck everyone!

Edit: LOL! There it crashes! I don't pay much attention to these short crashes since my sell point is below that. So when the price goes up I don't count that as my value. I just look at it as a potential to raise my sell price and that is what my investment is really worth.

[firekillex]

MATIC has tripled in price since when I first bought it at 6 days ago.

BNB is now over $29 and I bought it at around $10 back on February 28.

Both could crash so I'm not claiming any victory. I will no longer post any more speculation.

Good luck everyone!

Edit: LOL! There it crashes! I don't pay much attention to these short crashes since my sell point is below that. So when the price goes up I don't count that as my value. I just look at it as a potential to raise my sell price and that is what my investment is really worth.

always best to cash out your initial investment, then get some long plays with coins you like most... and maybe some short plays/trades with other coins if you like to stay busy...
goodluck BNB a very solid coin.... havent looked much into MATIC

[raiders72001]

MATIC has tripled in price since when I first bought it at 6 days ago.

BNB is now over $29 and I bought it at around $10 back on February 28.

Both could crash so I'm not claiming any victory. I will no longer post any more speculation.

Good luck everyone!

Edit: LOL! There it crashes! I don't pay much attention to these short crashes since my sell point is below that. So when the price goes up I don't count that as my value. I just look at it as a potential to raise my sell price and that is what my investment is really worth.

Nice call on MATIC.

[jimmy007oc]

always best to cash out your initial investment, then get some long plays with coins you like most... and maybe some short plays/trades with other coins if you like to stay busy...
goodluck BNB a very solid coin.... havent looked much into MATIC

Why do you think BNB is solid coin?

[raiders72001]

BNB fuels the Binance exchange.

[firekillex]

Why do you think BNB is solid coin?

if you like binance you like BNB
binance is the biggest exchange for name value and you need BNB coin for the binance IEOs

[raiders72001]

if you like binance you like BNB
binance is the biggest exchange for name value and you need BNB coin for the binance IEOs

and all the coins on the Binance Launchpad are hitting big. This includes MATIC.

[Unwritten Law]

Will BTC stay above 6k by the end of May?

[QuantumLeap]

Nice call on MATIC.

Thanks.

[thespeculator]

confirmations have come to a stand still. Been waiting almost an hour and still 0

[swordsandtequila]

[DwightShrute]

[DwightShrute]

some good comments from this guy

[themike78]

confirmations have come to a stand still. Been waiting almost an hour and still 0

An hour? That's not a long wait for bitcoin. I've waited on average 8 hours the past few months. Bitcoin is a garbage product and will go nowhere unless these crypto nerds can figure out how to speed up transactions and compete with the real money transfer places.

[thespeculator]

An hour? That's not a long wait for bitcoin. I've waited on average 8 hours the past few months. Bitcoin is a garbage product and will go nowhere unless these crypto nerds can figure out how to speed up transactions and compete with the real money transfer places.

true i have also waited long periods. But this time i paid a higher fee, anyways it seems to be picking up