Cryptocurrency

[Frozenbeernuts 2,242]

 

Does this relate to a "Coin Burnoff"?

I Don't know anything about a coin burn off. I'm just giving advice based on which coin has the potential to sky rocket. Verge, which is a fork from another bullshit coin, Doge, has gone up 20 fold since I bought it (I sold it at .07, from .01, now it's .20). It's a shlt coin, but because it got a lot of media attention, and it takes some digging to find out the truth, it's value has sky rocketed. Because 0x (ZRX) has a very low market cap compared to most coins on the exchange, and because it actually has a bonified working product, I figure it has a shot to increase many times over.

 

A $4B market cap doesn't seem that unreachable for any coin. So, ZRX @ 200M x 20 = 4B.

[Reality 3,121]

This is a pretty impressive recovery. Tells me the belief in the sector is very strong.

 

I expected some commentary from the non-invested folks, maybe next time.

[Gladiators 1,983]

Im not invested. Is now a good time to buy?

[Reality 3,121]

Im not invested. Is now a good time to buy?

Yesterday, buy the dips, they'll be back. Eventually, maybe..

[Alias Detective 1,396]

Yesterday, buy the dips, they'll be back. Eventually, maybe..

If only one could. Remember that thing with certain posters....they couldn't sell or buy because of some, ahem, reason.

 

With that said. I'm not invested and you can reread my posts in the past in this thread to see I'm not a troll. I'm actually sour I'm not tech savvy enough to get a focking wallet and fork this and fork that but I do know "how" to invest. Trust me. I don't like that certain "wallets" or some shlt won't work at the most opportune times. That's shady to me and the whole crypto thing is, in my opinion, overinflated right now. If and when ETH hits $300 again I'm in for $10,000. If it doesn't touch that number, I'm out and will continue to be sour that I missed another boat; like I did with Amazon 20 years ago.

[Frozenbeernuts 2,242]

If only one could. Remember that thing with certain posters....they couldn't sell or buy because of some, ahem, reason.

 

With that said. I'm not invested and you can reread my posts in the past in this thread to see I'm not a troll. I'm actually sour I'm not tech savvy enough to get a focking wallet and fork this and fork that but I do know "how" to invest. Trust me. I don't like that certain "wallets" or some shlt won't work at the most opportune times. That's shady to me and the whole crypto thing is, in my opinion, overinflated right now. If and when ETH hits $300 again I'm in for $10,000. If it doesn't touch that number, I'm out and will continue to be sour that I missed another boat; like I did with Amazon 20 years ago.

ZRX, I'm telling ya. It's the last unknown currency with a low market cap imo

[IMMensaMind 462]

Lend is about to jump in price. It's a functioning lending market where one lends out their coins for those that want to borrow them to make a return. Lend coin allows a 25% discount for their lending program. Idk how someone lends out their coins and they don't get stolen, but it seems to be working so far. Salt is a similar product, except Salt doesn't even have an actual functioning system yet. Yet their market cap is 10x higher.

I like that tip; I'll look into it. Thanks!

[Alias Detective 1,396]

Lend is about to jump in price. It's a functioning lending market where one lends out their coins for those that want to borrow them to make a return. Lend coin allows a 25% discount for their lending program. Idk how someone lends out their coins and they don't get stolen, but it seems to be working so far. Salt is a similar product, except Salt doesn't even have an actual functioning system yet. Yet their market cap is 10x higher.

Huh?

 

I borrow your coins for say 5% for 10 years. You get a steady return/income stream and I then take the net gain or loss.

 

Weird concept but I guess.....like renting a property except the renter gets the price value difference of the home when they move versus when they started renting.

[Frozenbeernuts 2,242]

Huh?

 

I borrow your coins for say 5% for 10 years. You get a steady return/income stream and I then take the net gain or loss.

 

Weird concept but I guess.....like renting a property except the renter gets the price value difference of the home when they move versus when they started renting.

Yeah, if someone wants to hit the highs and the lows of a coin, they borrow it. Someone who wants to just let their money sit, they lend it and of course gain the value that the coin gains, if it goes up

[tubby_mcgee 700]

I know Forbes and Morgan Stanley are just mad that they aren't getting rich like the geeks on here, but here is what Morgan Stanley just said (and of course its all based on the wrong info and the lack of forward thinking and the fact they just don't get it, but they are still entitled an opinion):

 

http://www.businessinsider.com/morgan-stanley-on-bitcoin-value-2017-12

[Alias Detective 1,396]

I know Forbes and Morgan Stanley are just mad that they aren't getting rich like the geeks on here, but here is what Morgan Stanley just said (and of course its all based on the wrong info and the lack of forward thinking and the fact they just don't get it, but they are still entitled an opinion):

 

http://www.businessinsider.com/morgan-stanley-on-bitcoin-value-2017-12

Is the WWW tangible? Internet? I may be off base, just thinking out loud.

[Frozenbeernuts 2,242]

I know Forbes and Morgan Stanley are just mad that they aren't getting rich like the geeks on here, but here is what Morgan Stanley just said (and of course its all based on the wrong info and the lack of forward thinking and the fact they just don't get it, but they are still entitled an opinion):

 

http://www.businessinsider.com/morgan-stanley-on-bitcoin-value-2017-12

How about this plain red colored ornament on my tree? It has some sort of value. Yes, it absolutely does sound like butt hurt banks and investment firms. Why was there a mad rush to get bitcoin futures added as an option on the exchange? They were freaking out about missing on the fees. This entire thing wants to cut out banks, completely. That probably isn't feasible, but put a dent in them? Even if they just lose 2%, that's a lot of money to the banks. Why wouldn't one of the most crooked industries bad mouth a competitor?

[tubby_mcgee 700]

Is the WWW tangible? Internet? I may be off base, just thinking out loud.

What's my alternative? Encyclopedias?

 

What is my alternative to Bitcoin?

 

Cash and checking ?

 

I realize Morgan Stanley is just jealous and wishes they were rich like all of the Bitcoin folk.

 

And they completely made this up-----> "The scarcity of people willing to accept it as a means of payment indicates that its actual value might be nothing."

[nobody 2,657]

 

And they completely made this up-----> "The scarcity of people willing to accept it as a means of payment indicates that its actual value might be nothing."

The fact that even 3 of the top 500 major retailers accepts bitcoin at this early stage in it's life cycle justifies it's value.

 

Stocks trade on the potential of future growth all the time.

[tubby_mcgee 700]

The fact that even 3 of the top 500 major retailers accepts bitcoin at this early stage in it's life cycle justifies it's value.

 

Stocks trade on the potential of future growth all the time.

 

 

I know. Don't argue with me. I'm agreeing. Morgan Stanley is just jealous.

 

The fact that it fell from 5 to 3, is just a healthy pullback.

 

 

Morgan Stanley sees only 3 retailers as a negative. You see it as a positive. That's a great outlook.

[IMMensaMind 462]

I know. Don't argue with me. I'm agreeing. Morgan Stanley is just jealous.

The fact that it fell from 5 to 3, is just a healthy pullback.

 

 

Morgan Stanley sees only 3 retailers as a negative. You see it as a positive. That's a great outlook.

 

Contrarianism is fine. Stupid snarkiness while failing to recognize Big Bankers talking out of both sides of their mouths? Less so.

 

https://www.jpmorgan.com/country/US/en/Quorum

[nobody 2,657]

 

 

I know. Don't argue with me. I'm agreeing. Morgan Stanley is just jealous.

 

The fact that it fell from 5 to 3, is just a healthy pullback.

 

 

Morgan Stanley sees only 3 retailers as a negative. You see it as a positive. That's a great outlook.

I'm not arguing. I'm not begging anyone to get rich.

[WhiteWonder 2,728]

If only one could. Remember that thing with certain posters....they couldn't sell or buy because of some, ahem, reason.

 

With that said. I'm not invested and you can reread my posts in the past in this thread to see I'm not a troll. I'm actually sour I'm not tech savvy enough to get a focking wallet and fork this and fork that but I do know "how" to invest. Trust me. I don't like that certain "wallets" or some shlt won't work at the most opportune times. That's shady to me and the whole crypto thing is, in my opinion, overinflated right now. If and when ETH hits $300 again I'm in for $10,000. If it doesn't touch that number, I'm out and will continue to be sour that I missed another boat; like I did with Amazon 20 years ago.

 

seems you and I have a similar view on all of this, although I do own some ETH under 300. If LTC fell toward the 180 or below mark that it did last week, I would probably buy and if ETH did what you said, I would add.

 

I am not anti CC as some people seem to think just because I like to be contrarian in an effort to cover all my bases rather than blindly jumping on a bandwagon but it looks very overinflated right now, as you said. People keep saying how its in its infancy stages. I would argue it was created in 2009 and its infancy stage is over and we are currently in the hype stage. Obviously "infancy" depends on its expected lifespan and for those who think CC's are going to take over as the global form of currency.... then yeah, its infancy stage probably still has a ways to go.

 

Basically, just like most investments, its better to see slower, steadier rises in price than it is to see such massive percentage gains over the course of 3 months to a year ago for something thats been around since '09. Makes me feel like the buzz is going to wear off at some point. Not to say that there is anyting wrong with the tech or idea behind all of this, just simply speculating on the USD price.

[WhiteWonder 2,728]

The fact that even 3 of the top 500 major retailers accepts bitcoin at this early stage in it's life cycle justifies it's value.

 

Stocks trade on the potential of future growth all the time.

 

I agree that stocks trade on the potential of future growth. they trade on reports of current growth and expected future growth, of course.

 

but this isn't supposed to be a stock... according to many in here. It's supposed to be the wave of the future for monetary systems. Which is what sometimes makes me laugh.... because those same people will point to the big USD gains of BTC, ETH, LTC, etc etc when if they truely believe this is the future of payment, the USD value of the investment doesn't really matter at all. Once US Dollars cease to exist, Bitcoin 20k, 60k, 100k won't matter. CC's will revalue themselves just like gold or any form of payment an economy uses.

 

I prefer to view CCs as a secondary form of payment which makes them a little more like a stock in that I can see where there will always be a USD or Euro or whatever value attached to them.

[WhiteWonder 2,728]

I bought Tronix at .01, sold at .05 . It has a fairly large market cap at $4+B. My advice would be to invest in ZRX. It has a very low market cap (the most important number to look for along with total coin supply). It's amazing all these shlt coins gain so much value, but ZRX, the only coin to fully function on Ethereums network I believe? Is at a market cap of about $200M.

 

are you using binance to buy your junk CC's?

 

im totally on board with this idea. It's basically just gambling with those and im no stranger to gambling. These coins, with the overall hype around bitcoin, are a better bet then trying to buy a penny stock before the pump and dump. I would have no issue throwing 1,000 on a .01 CC with the hope it got to .05-.10 and then just taking my profit.

[Patriotsfatboy1 1,432]

So, the challenge with cryptocurrencies is that they cannot be managed, regulated and secured like other currencies (at least in the perception of those who make recommendations), then wouldn't it stand to reason that companies that provide services to these cryptocurrencies would be a good investment right now? Probably less volatile and they are likely on the regular exchanges.

[WhiteWonder 2,728]

So, the challenge with cryptocurrencies is that they cannot be managed, regulated and secured like other currencies (at least in the perception of those who make recommendations), then wouldn't it stand to reason that companies that provide services to these cryptocurrencies would be a good investment right now? Probably less volatile and they are likely on the regular exchanges.

 

Well, companies that make the chips needed for miners to mine their CCs, you would think would be a good investment but the boom those stocks got off the initial CC craze, has faded and the chip sector has been stagnant or down for the past 2 months or so.

 

GBTC (global bitcoin trust) is another regular exchange way to invest in bitcoin but like any ETF, it has its pitfalls and trades at a premium over direct bitcoin investing. Seems like the time to buy GBTC shares is right after a crash (like the one we had last week). GBTC fell to 1250ish i think and has rebounded nicely. If bitcoin stagnates, GBTC basically does a slow bleed though.

 

In essence, at least from my reasearch, theres not a ton of "normal" investments out there making big returns off the CC craze. Its all about trading the actual CCs.

[WhiteWonder 2,728]

So, the challenge with cryptocurrencies is that they cannot be managed, regulated and secured like other currencies (at least in the perception of those who make recommendations), then wouldn't it stand to reason that companies that provide services to these cryptocurrencies would be a good investment right now? Probably less volatile and they are likely on the regular exchanges.

 

https://finance.yahoo.com/news/one-mysterious-startup-riding-bitcoin-120000567.html

[vuduchile 1,945]

Another dip today. Bought more of the big 3.

[nobody 2,657]

Ripple still rippling baby.

 

Get rich

[WhiteWonder 2,728]

Another dip today. Bought more of the big 3.

 

crickets from the gung-ho crowd.

 

just posting that to show Reality that it works both ways. Last dip they were mosly dead silent as well.

[nobody 2,657]

i said ripple still rippling

[Reality 3,121]

 

crickets from the gung-ho crowd.

 

just posting that to show Reality that it works both ways. Last dip they were mosly dead silent as well.

I guess I could give daily updates. Everybody has access to the prices though I would assume.

 

Buy, don't buy, do whatever you want bubba.

 

I've made my money back and then some, rest is gravy. Sorry some of you missed out.

 

[WhiteWonder 2,728]

I guess I could give daily updates. Everybody has access to the prices though I would assume.

 

Buy, don't buy, do whatever you want bubba.

 

I've made my money back and then some, rest is gravy. Sorry some of you missed out.

 

 

hey "bubba", im invested . I've disclosed multiple times that I own ETH. Don't get your panties in a wad.

 

my whole point was when there was a little bounce back, you said the non invested crowd was silent, no? so can't they say the same thing about daily updates?

 

 

 

I expected some commentary from the non-invested folks, maybe next time.

 

[Frozenbeernuts 2,242]

I like that tip; I'll look into it. Thanks!

I accidentally deleted my post. LEND up close to 70%

[Frozenbeernuts 2,242]

I accidentally deleted my post. LEND up close to 70%

Up from my original buy in at .07 to .18

[Reality 3,121]

 

hey "bubba", im invested . I've disclosed multiple times that I own ETH. Don't get your panties in a wad.

 

my whole point was when there was a little bounce back, you said the non invested crowd was silent, no? so can't they say the same thing about daily updates?

 

 

Not real sure what we are arguing about at this point.

 

Good luck with your investments.

 

[Alias Detective 1,396]

Not real sure what we are arguing about at this point.

 

Good luck with your investments.

 

It's like arguing who has a bigger dlck.

 

I'm too lazy to look, so I may be wrong on the "who", but I think WW started with me in this thread quite a few pages back......not real sure over what but I remember it being snarky.

[Frozenbeernuts 2,242]

Lend!!! Has tripled since I mentioned it

[Reality 3,121]

It's like arguing who has a bigger dlck.

 

I'm too lazy to look, so I may be wrong on the "who", but I think WW started with me in this thread quite a few pages back......not real sure over what but I remember it being snarky.

 

Yea, I'm the same way.. Not really going to go back and dig through but, people who were snarky know who they are and only entered the thread for that reason.

 

Hopefully everybody has learned something, It's nice to see other avenue's for investment. I've had some nice returns on other traditional investments but, nothing that even comes close to this type of growth in this time frame. May all be a bubble, may all be horribly undervalued, I'm glad I'm in the know and will be along for the ride.

[NorthernVike 2,083]

Do you guys have a link to daily values of the different currencies so the rest of us can mock you when it all comes crashing down?

[Alias Detective 1,396]

Do you guys have a link to daily values of the different currencies so the rest of us can mock you when it all comes crashing down?

Here are a few of the big players that many discuss in here.

 

https://bitcoinira.com/resources/bitcoin-ethereum-price-charts

[Frozenbeernuts 2,242]

Do you guys have a link to daily values of the different currencies so the rest of us can mock you when it all comes crashing down?

The key is jumping ship before it goes down

[joneo 556]

Lend!!! Has tripled since I mentioned it

 

 

Can't find it. What's its' symbol?

[WhiteWonder 2,728]

 

Not real sure what we are arguing about at this point.

 

Good luck with your investments.

 

We are not really arguing and yes, you do know what it's about. Calling it snarkiness is just the pot calling the kettle black.

 

Our discussion or "argument" if you want to call it that was in regards to the fact that you don't seem to like, or at least you make "snarky" comments when the people you feel are not invested point out a dip in price. Yet it's perfectly fine for you to point out a bounce back and ask where the non invested people are at?

 

I'm sorry if you feel that every interaction that isn't 100% agreement is "snarky" or an argument.