Cryptocurrency

[WhiteWonder 2,801]

So...when it goes down, no on is a loser, no one is wrong, cuz, well, it's a buying opportunity. Then it goes down again and its an even bigger buying opportunity?

 

correct.

 

this same idea holds true with any stock.. or any investment really when it comes to the side of the crowd who is fully, 100% on board, full steam ahead. Every dip or crash is a buying opportunity. Every huge gain is an "i told you so" moment.

 

short sellers of stock are the same way. Every run up is an opportunity to short.

 

Im answering your question fully understanding that there will be at least 1 or two poeple who reply to me under the notion that I have no scratch in the game (wrong) and that im sour on missing out. Even though I've already explained my position on CCs several time. It's a hype investment right now. That's not to take anyting away from the technology, but as far as price is concerned, there is so much pure hype built in right now. People with no idea what a CC is (but who have money to burn) are opening coinbase accounts because their friends tell them to and because you can't go to a financial news website without seeing articles about the CC boom and pictures of pretty bitcoins and litecoins.

 

Do I wish I had gotten myself set up on binance and dabbled in these penny stocks... errr penny cryptos like FBN is doing? Absolutely. I have no shame in admitting that.

 

I am also glad (for the time being) that I didn't join the bitcoin bandwagon when it was 18k like i bet a bunch of people did? Absolutely

[tubby_mcgee 701]

 

correct.

 

this same idea holds true with any stock.. or any investment really when it comes to the side of the crowd who is fully, 100% on board, full steam ahead. Every dip or crash is a buying opportunity. Every huge gain is an "i told you so" moment.

 

short sellers of stock are the same way. Every run up is an opportunity to short.

 

Im answering your question fully understanding that there will be at least 1 or two poeple who reply to me under the notion that I have no scratch in the game (wrong) and that im sour on missing out. Even though I've already explained my position on CCs several time. It's a hype investment right now. That's not to take anyting away from the technology, but as far as price is concerned, there is so much pure hype built in right now. People with no idea what a CC is (but who have money to burn) are opening coinbase accounts because their friends tell them to and because you can't go to a financial news website without seeing articles about the CC boom and pictures of pretty bitcoins and litecoins.

 

Do I wish I had gotten myself set up on binance and dabbled in these penny stocks... errr penny cryptos like FBN is doing? Absolutely. I have no shame in admitting that.

 

I am also glad (for the time being) that I didn't join the bitcoin bandwagon when it was 18k like i bet a bunch of people did? Absolutely

Yeah... if you had unlimited funds available at all times... yes.

 

You can always buy back in when in goes lower ...and that will work as long as it goes back up.

 

I've done it with some stocks and won ... and some stocks ... and lost doing it that way. (Without unlimited funds)

 

Thompson Creek Metals ... I bought where I thought "low" ... it went down substantially... I bought again to cut my average in half ... it fell again ... I bought again... so my average share price was 1/4 of my original but in. It fell another 10%... I sold. I lost about 15k. Thompson Creek is now toast. Lucky I only lost 15k.

 

I did the same thing with Whiting Oil. With Whiting I am up at this point only because I re-bought lower. I haven't sold yet. So technically it hasn't worked yet..(won't unless I sell).

 

At some point people have no money or confidence left to re-buy at the lower price.

 

Did I miss out ? I dunno. From what point ? $500? Of course. From $5000? Of course.

$18,000? At this point ... no. A month or year from now ? Maybe. A month or year from now it might be 7k, 42K or 1k. I don't care I missed out...if that is what I did... because it was never a "thing" I had confidence in. I simply was never going to touch it.

 

 

My problem... is those that act like they know. They don't know. In hindsight they can say they knew. There were lots..

Who were saying buy Bitcoin at 16k. Surrrrrrrre they could say "see ... told ya. And you should have sold at 18k And you would be up 2k" And play the act like they know/knew.

 

Basically....I'm saying "quit acting like you have all the answers" to those that are acting like they are.

 

Someone earlier said it. A lot of the jargon on this board sounds like that of pumpers and dumpers on a stock message board.

 

I own 3 individual stocks ... and I truly hate individual stocks because of the stress levels. Once I am out of these... I'm sticking to mutual funds.

[titans&bucs&bearsohmy! 2,745]

So he made $350 less any tax?

According to what he says, yeah. And I highly doubt hell pay any tax.

[RaiderHaters Revenge 4,378]

Mookz can you post your Binance reference again.

 

Thanks

[IMMensaMind 462]

Yes. Please...help me invest. I am clueless. I can't make intelligent choices.

 

$786,800.00 As of 12/31/2017

Account Name Change account nicknames One Year Ago Current

Single-1 $370,867.98 $492,695.41

Trad IRA-1 (Advisory Solutions) $42,468.01 $50,433.34

SEP IRA-2 (Advisory Solutions) $206,185.84 $243,671.25

Total $786,800.00

Summary of Accounts

 

Don't feel bad about that. Nothing to be ashamed of.

[tubby_mcgee 701]

Don't feel bad about that. Nothing to be ashamed of.

 

 

You were yakking about me not making intelligent decisions. Don't blame everyone else for your situation. You got yourself into it. Now figure out how to get yourself out.

[IMMensaMind 462]

You were yakking about me not making intelligent decisions.

Where did I do that? My comments directed towards you specifically address only this topic. Your participation in this thread appears to be trolling, and the 'intelligence' or lack of it has nothing to do with decisions you've made about this topic. You appear only interested in antagonizing participants in this thread.

 

Don't blame everyone else for your situation. You got yourself into it. Now figure out how to get yourself out.

I don't want to get myself out of my situation. It may result in finding myself in your situation.

[nobody 2,717]

 

 

You were yakking about me not making intelligent decisions. Don't blame everyone else for your situation. You got yourself into it. Now figure out how to get yourself out.

He's saying you're poor in case you missed it.

[Frozenbeernuts 2,276]

He's saying you're poor in case you missed it.

He knows he is poor

[RaiderHaters Revenge 4,378]

QTUM anyone?

[tubby_mcgee 701]

He's saying you're poor in case you missed it.

 

I was and am saying to him ...quit acting like he knows if someone made a poor decision or lacks intelligence.

Another thing guys...(I'm gonna throw out random terms...some of which don't exist)...

 

Bitcoin, LIteCoin, Oilcoin, Eth, Ripple, QTUM, This coin, that coin....I've seen you guys post symbols and reference many many companies or cryptos or whatever.....that didn't exist 6 months ago. It's only part of my thought process, but...if they didn't exist not too long ago, what void are they filling? What problem are they solving? Is there really room for all of them? They seem like spinoffs of spinoffs. 6 months from now...a year from now...its hard for me to believe that very many will still be around at all, and what will the share price be by then? Will you be out in time? Will you pick the right one (or two or whatever) ?

 

I think with so many of them (again, my opinion), they fit this description (from an article I read)--------------> "The price is based on pure speculation -- one fool’s bet that a greater fool will be willing to buy that crypto for more than the first fool paid for it."

 

So, you'll have "fools" that will make money and they will say "see....I knew what I was talking about--I proved it---look at the money I made" The other fools....that bought at the wrong time....will say "god dammit...the price went down, and now I'm stuck" (and then some brainiac, will act like the price isn't really down, it's just a "buying opportunity"--to make it look like all is well no matter what. There is no losing money, only "profit taking" and "buying opportunities")

 

You could say this about any stock, but the difference I think is, that, at least with stocks on the Dow or even Nasdaq (vs say, penny stocks), it is a lot less based on "speculation" of how much the next "fool" is will to pay, but instead on what kind of profits the company can make with their product or service, resulting in a higher stock price or the paying of dividends.

 

Again...I don't know. I'm not claiming to know. Its just a lot in this topic does look like pumper/dumper type jargon I used to read on penny message boards when I tried playing penny stocks.

 

The Leave it to Beaver episode of "Mayfield Power and Electric vs Jet Electro" makes more sense to me ever day. Anyone here seen it?

[Frozenbeernuts 2,276]

 

I was and am saying to him ...quit acting like he knows if someone made a poor decision or lacks intelligence.

Another thing guys...(I'm gonna throw out random terms...some of which don't exist)...

 

Bitcoin, LIteCoin, Oilcoin, Eth, Ripple, QTUM, This coin, that coin....I've seen you guys post symbols and reference many many companies or cryptos or whatever.....that didn't exist 6 months ago. It's only part of my thought process, but...if they didn't exist not too long ago, what void are they filling? What problem are they solving? Is there really room for all of them? They seem like spinoffs of spinoffs. 6 months from now...a year from now...its hard for me to believe that very many will still be around at all, and what will the share price be by then? Will you be out in time? Will you pick the right one (or two or whatever) ?

 

I think with so many of them (again, my opinion), they fit this description (from an article I read)--------------> "The price is based on pure speculation -- one fools bet that a greater fool will be willing to buy that crypto for more than the first fool paid for it."

 

So, you'll have "fools" that will make money and they will say "see....I knew what I was talking about--I proved it---look at the money I made" The other fools....that bought at the wrong time....will say "god dammit...the price went down, and now I'm stuck" (and then some brainiac, will act like the price isn't really down, it's just a "buying opportunity"--to make it look like all is well no matter what. There is no losing money, only "profit taking" and "buying opportunities")

 

You could say this about any stock, but the difference I think is, that, at least with stocks on the Dow or even Nasdaq (vs say, penny stocks), it is a lot less based on "speculation" of how much the next "fool" is will to pay, but instead on what kind of profits the company can make with their product or service, resulting in a higher stock price or the paying of dividends.

 

Again...I don't know. I'm not claiming to know. Its just a lot in this topic does look like pumper/dumper type jargon I used to read on penny message boards when I tried playing penny stocks.

 

The Leave it to Beaver episode of "Mayfield Power and Electric vs Jet Electro" makes more sense to me ever day. Anyone here seen it?

No one is saying that there is room for all of them. Some will take off. Most will fail. I think we all get that

[WhiteWonder 2,801]

 

I was and am saying to him ...quit acting like he knows if someone made a poor decision or lacks intelligence.

Another thing guys...(I'm gonna throw out random terms...some of which don't exist)...

 

Bitcoin, LIteCoin, Oilcoin, Eth, Ripple, QTUM, This coin, that coin....I've seen you guys post symbols and reference many many companies or cryptos or whatever.....that didn't exist 6 months ago. It's only part of my thought process, but...if they didn't exist not too long ago, what void are they filling? What problem are they solving? Is there really room for all of them? They seem like spinoffs of spinoffs. 6 months from now...a year from now...its hard for me to believe that very many will still be around at all, and what will the share price be by then? Will you be out in time? Will you pick the right one (or two or whatever) ?

 

I think with so many of them (again, my opinion), they fit this description (from an article I read)--------------> "The price is based on pure speculation -- one fool’s bet that a greater fool will be willing to buy that crypto for more than the first fool paid for it."

 

So, you'll have "fools" that will make money and they will say "see....I knew what I was talking about--I proved it---look at the money I made" The other fools....that bought at the wrong time....will say "god dammit...the price went down, and now I'm stuck" (and then some brainiac, will act like the price isn't really down, it's just a "buying opportunity"--to make it look like all is well no matter what. There is no losing money, only "profit taking" and "buying opportunities")

 

You could say this about any stock, but the difference I think is, that, at least with stocks on the Dow or even Nasdaq (vs say, penny stocks), it is a lot less based on "speculation" of how much the next "fool" is will to pay, but instead on what kind of profits the company can make with their product or service, resulting in a higher stock price or the paying of dividends.

 

 

aside from the top maybe 10 CC's, I feel like its basically just gambling that the current hype/craze surrounding CCs will lift one of the lesser, BS CCs to a point where you've made some quick profits and can sell.

 

Even the major CCs prices are extremely inflated. the charts can show you that. You don't even need to know the first thing about CCs. If you know anything about the stock market, you're just looking at a chart and seeing the massive spikes in price in such a short time compared to a pretty much flat line going all the way back to inception.

[bandrus1 413]

ETH looking very good

 

New all time high coming

[Reality 3,121]

ETH looking very good

 

New all time high coming

Definitely been Steady Eddy lately.

[tanatastic 2,062]

Anyone think LEND is still a good buy?

[Frozenbeernuts 2,276]

Anyone think LEND is still a good buy?

I think 15 is a really good buy. Under 20 is a good buy short term. Under 25 is a good buy long term

[vuduchile 1,945]

Binance and/or cryptopia. Binance is the best one imo and the app is nice.

Cant find a binance app for iPhone. Is it android only? Ive been going thru the full web site.

[edjr 6,637]

Steady Eddy

 

[Frozenbeernuts 2,276]

Cant find a binance app for iPhone. Is it android only? Ive been going thru the full web site.

Can't get Binance on iPhone. I was actually thinking i may switch to the iPhone on my next one, but this remijnded me why I switched after the iPhone 3.

[Mookz 1,356]

Mookz can you post your Binance reference again.

 

Thanks

 

https://www.binance.com/?ref=12137633

 

Thank you sir, if I am not too late.

[tanatastic 2,062]

Cant find a binance app for iPhone. Is it android only? Ive been going thru the full web site.

Its on iOS but not the App Store.

https://www.binance.com/ios-install.html

[edjr 6,637]

Are we all rich again?

[IMMensaMind 462]

[edjr 6,637]

who kidnapped 90sbaby and maybe they stole his CC too?

[IMMensaMind 462]

who kidnapped 90sbaby and maybe they stole his CC too?

Meh. I was gone for a week as well. Vacations happen.

[Gladiators 2,000]

who kidnapped 90sbaby and maybe they stole his CC too?

 

I think he's officially made it past GC rich. Good for him.

[Reality 3,121]

 

I think he's officially made it past GC rich. Good for him.

 

 

Or, somebody knocked him in the back of the head and stole his account credentials...

 

[edjr 6,637]

Meh. I was gone for a week as well. Vacations happen.

 

millennials are on perm-vacation

[IMMensaMind 462]

aside from the top maybe 10 CC's, I feel like its basically just gambling that the current hype/craze surrounding CCs will lift one of the lesser, BS CCs to a point where you've made some quick profits and can sell.

 

Even the major CCs prices are extremely inflated. the charts can show you that. You don't even need to know the first thing about CCs. If you know anything about the stock market, you're just looking at a chart and seeing the massive spikes in price in such a short time compared to a pretty much flat line going all the way back to inception.

 

If you looked at AOL's initial chart, would you have seen the same thing?

 

Yes. You would. Of course, you'd have to recognize when to get out too, so you can play it just like you're playing it, or you can truly understand what is taking place here, and what its potential is.

 

This is a disruptive technology, and I'm going to attempt to explain it in as brief a way as possible in order to have others recognize just exactly how disruptive it actually is, because truly appreciating the degree of disruption should be eye-opening for those seeking to determine the valuation. To do so, I'm going to focus on one particular CC. The legit CC's serve a purpose; one has to figure out for themselves what their possible valuation will be.

 

It's like determining that Facebook enterprise value is 450+ billion. Not on your life (IMO)...at the moment. The bet is on future production, and its place in the market. Examples of stock price greatly leading actual bottom line revenue abound.

 

CC isn't simply "blockchain". That is merely the opening salvo - the first form of one. For those CC's (like BTC or LTC) which are actually used as currency, that may suffice, but they have their structural problems, mostly due to cost of transaction and ability to scale.

 

BTC was first, however, and opened up an entirely new world of secure and anonymous transaction possibilities. It's claim is decentralization, but I don't think most understand what that means, so I'll give an example, using VISA.

 

Visa, atm, can process ~3700 transactions per second. BTC's blockchain algorithm allows something like 10. ETH is around 30. These are early versions, with results that only show that increased scalability is possible. Beyond that, CCs like ETH serve a different purpose. Many CC's are niche only; many aren't going to find market value anywhere near their current speculative levels. That doesn't mean one cannot play those markets, but - for the savvy investor - it's a blend of belief in the technology and the ability to read charts and determine entry and exit points. I, for instance, put a decent amount in LEND, after reading about the purpose of it, and understanding that its only major competitor - first to market - is another CC called SALT, which is currently ~7 times its value.

 

Easy math for me. Not a long term hold, though. I have a couple of those:

 

If you have one (for me, it's IOTA and ETH) that you think will have staying power and whose value has only scratched the surface of its potential, you can both trade and 'HODL' (a cute misspelling slang that was borne from someone misspelling 'buy and hold'), because you believe in its potential. The potential I see in IOTA is the solution to the infrastructural issue with blockchain: in order to truly be appealing, the nodal systems need to be 'decentralized', and draw little from the interchange of data in the process, thus costing nearly nothing to 'transact' - as well as do so instantly. Instant verification; instant debit/credit from one 'wallet' to another. From one entity to another. That's why I bring up VISA.

 

VISA is centralized - primarily. Someone swipes their credit card, and the reader connects to VISA servers, which determines the bonafides of the card (available balance/characteristics of purchase/etc) and decides to allow/disallow the attempt. All transactions take place through VISA (which is why VISA charges 3+% for the privilege). There are other problems: the system can crash. The system isn't suitable for 'insta-transactions' - or entire other infrastructural systems are arranged to layer on top of the credit card system in order to make it functional (good example is Sun Pass, which uses a sensor in your car to communicate with receivers overhead, which then charges your credit card - linked to your Sun Pass account - to pay your tolls).

 

IOTA provides the ability to build a fully decentralized IoT network in which each moving part/actor in the economy is a 'node' with its own 'wallet'. IE:

 

Your car - when traveling on the highway - carries with it its own web presence. It is a node; it is a wallet. It interacts with everything with which it needs to interact: with the highway to pay tolls; with gas/charging stations to pay for fuel; with car washes; etc. If you're the 'owner' of that car, your wallet interacts with the car's 'wallet', and the transaction is instant, seamless, and - MOST IMPORTANT - doesn't require 'checking' with any centralized server (ala the VISA example) to approve it. The system programming operating those transactions has to be nearly weightless (analogous to ZWave or Zigbee vs Bluetooth or WIFI, for instance). Sensors within the vehicle communicate to the 'node' its needs, and that 'node' communicates that data where appropriate: to a 'node' in a service station, for instance.

 

IOTA (there is another player as well: Streamer: DATA) is ZWAVE/Zigbee to BTC's Bluetooth or WIFI. While blockchain technology gets more weighted down as its network is taxed by increasing transactions, and is structured in such a way that validation of the last transaction takes place via 'Bitcoin mining', IOTA works differently. It uses 'DAG' (acyclic graphing...they call it 'The Tangle') to validate transactions. The more 'nodes' engaging in commerce, the more secure - and faster - their network becomes. IOTA, therefore, has the opposite problem of BTC/ETH/LTC/any blockchain-based CC: it doesn't work well at first, due to a lack of nodes.

 

So...if you follow IOTA...you'll notice constant talk from the devs about 'adding more nodes' and 'more nodes now up and running'. Meanwhile, however, to keep their network viable/secure/fast enough, IOTA devs have a 'facilitator', or IOTA's version of VISA's central processing centers. In this way, IOTA can be both a data communication language and the currency of that transaction: in this literally possible future, it could cost "10,000" (or whatever) IOTA to travel 200 miles on a particular freeway, and that is translated into .0004223 BTC - or LTC, or ETH/etc/whatever, which is debited from your account.

 

And so on. You - literally - could have a certain strain of CC meant for the food service industry. You could have another for financial services (JP Morgan wants it to be theirs: Quorum). You could have some that work in a whole lot of industries; you could have BTC become the means through which long-term wealth is reflected. Just one of many examples.

 

At some point, though, IOTA - if successful - will have built a large enough network that it will begin to self-sustain: they will take the central 'facilitator' offline, and allow the network to grow on its own. IOTA could be the electron; ETH could be the atom; BTC could be the molecule.

 

Etc.

 

If it becomes successful - and I'm betting on it - there will be no more carrying anything like credit cards or money, or even ID with you. Wallets will be 'virtual': in your car; in your own phone (or on your wrist: Apple Watch style). In the future, I can see them being surgically inserted (Mark of the Beast, anyone?). Point being: IOTA is so weightless (hence the name: a clever combo of Internet of Things with iota: extremely small) that it can become the 'language' through which your fridge communicates with your wallet; your home automation communicates with you; your car can self-diagnose and perform requests for service which can be included in this ridiculously digital future.

 

What market value would you put on that? The programming language that facilitates the Internet of Things in such a way that everything is suddenly seamlessly communicating with everything pertinent around you, and conducting credit/debit exchanges based upon any conceivable metric?

 

Microsoft created billions of dollars through software, and still does to this day. Microsoft makes computers operate.

 

IOTA makes everything operate. ETH is a programming language CC which can facilitate transactions through encoded contracts. They all have their place.

 

Tell me what that's worth. To me, it dwarfs everything which has come before it.

[IMMensaMind 462]

Another thing to pile on that word salad (sorry): IOTA is a form of CC which doesn't require the centralization of the interwebz in order to operate. I want people to grasp that, because its revolutionary. The 'net is a centralized structure built to handle the needs of centralization. Soon, much of what the IoT will need will not require any centralized communication at all.

 

That's the beauty of the 'Internet of Things': you can have these thousands of localized micro-transactions between 'wallets' (nodes) without the need for anything but something like low-power transmission (ZWave; Zigbee, WIFI or bluetooth where feasible). Near-field communication is simply the wireless transmission of data between localized nodes.

 

So far, the Internet of Things has been limited to binary data transfers: open/close; on/off; etc. IOTA allows far more information to be transacted, because IOTA doesn't burden the low-power transmission with the need for an unnecessary level of power draw, allowing instant transactions which are encrypted and verifiable.

 

And that's why I'm a believer in IOTA.

[Saint Elistan 106]

Signed up on Coinbase today. Let's do this, gents.

 

(Really wish I had taken my advice like 8 years ago when I posted about Bitcoin on this very website).

 

Haven't really spent much time reading the entirety of this thread...what's the general consensus among geeks when it comes to investing in the baby cryptocurrencies?

 

Take Tronix (TRX) for example.

https://www.reddit.com/r/Tronix/

 

Up to $0.075 now...was $0.04 when I posted this. I'm hitching my wagons.

 

I'm calling $0.50 by the end of the year. Maybe higher.

[Frozenbeernuts 2,276]

 

Up to $0.075 now...was $0.04 when I posted this. I'm hitching my wagons.

 

I'm calling $0.50 by the end of the year. Maybe higher.

I had some. I had a little of all these. Why I decided to put my eggs in LEND, it's market cap waa the smallest by far. TRX is already over 5 billion.... puts TRX cap over 30b

[nobody 2,717]

Are we all rich again?

I'm taking this oppurtunity to extricate myself from alot of the bitcoins i own. Transfering to ether, litecoin, and ripple.

 

Get rich!

[SenatorRock 708]

Anyone buying DFS?

 

I'm not even sure if daily fantasy is a thing anymore, but they sure have a slick webpage.

 

Pump and dump?

 

https://coinmarketcap.com/currencies/dfscoin/

[Alias Detective 1,421]

Anyone buying DFS?

 

I'm not even sure if daily fantasy is a thing anymore, but they sure have a slick webpage.

 

Pump and dump?

 

https://coinmarketcap.com/currencies/dfscoin/

Just received an email from Fanduel. They are using Bitcoin as the prize in several contests.

[peenie 1,920]

Future millionaires, feel free to donate to my:

Peenie Cryptocurrency Breast Implant Fund

 

j/k

[Gladiators 2,000]

Future millionaires, feel free to donate to my:

Peenie Cryptocurrency Breast Implant Fund

 

j/k

 

I think you could get it paid for by the GC, but you'd need to share pics.

[IMMensaMind 462]

I think you could get it paid for by the GC, but you'd need to share pics.

Pics? I was thinking 'enjoy the goods'.

 

[edjr 6,637]

 

I think you could get it paid for by the GC, but you'd need to share pics.

 

This would be the height of pathetic.