Posted:
#351
Hey Wall could you keep updating your thoughts on mining as you research? I’d appreciate it.
Crypto thread
Posted:
#355
I dont know where this market ends up going but I can tell you this....I look at the cryptocurrency screen at all the coins out there with the hundreds of millions and billions of dollars in market cap and I dont see how this ends in a good way for the MAJORITY of these things.
Way too much retail money being spent in this arena for who knows why and for who knows what value...there is not enough room for all this market cap long term and there will be plenty of pain before the dust settles and the market consolidates.
Posted:
#356
CNBC had the CEO of a new company that is working with severl ICO's. He said point blank that his company has rejected 897 or 900 ICO's as either being guilty of having a suspect business plan or outright fraud. I was surprised to hear him say that so bluntly. He also praised the decisions by various social media outlets to outlaw crypto advertising. He said he would rather see no one be able to advertise until all of the fake actors were uncovered.
This industry is a complete landmine of frauds and schucksters.
Stick with Bitcoin and the majors is my advice for anyone considering investing in this stuff.
Gamble for entertainment, invest for wealth!
Posted:
#359
i made a initial score, recouped, left the rest, added a little, sold at the right time 2x, bought at the wrong x 2x,, but still ahead, alas, getting precariously close to dumping it all..it takes a24hr super sophisticated guy to buy and dump at the limits given and i have a med 5 figure weekly limit. but cannot compute the strategy as well as i would like ,eg: with spread sheets, 3 comp screens etcetc...if ETH hits 410 or so,i let it all go. Btc i keep what lil i have left. wish i was a younger smarter POO..man this is the future..stay with the big ones,BTC ETH BTC$ LTC ..thats enough. Coinbase only i use.
bigFnPOO
Posted:
#360
Just use Tether on Binance and you don’t have to worry about your weekly limit etc.
It is crazy. I use the blockfolio app and sometimes you can tell after a couple of refreshes that a dump is coming. I’ve had to pull over to sell everything into Tether more than once.
When everything is going real good, if you have the patience and balls you can hop into Tether and clean up at the bottom. I’ve done that a few times but I’ve also left everything in and gotten killed a few times. It’s hard to have the patience to sit in Tether when things are looking good but it always comes crashing down.
I’m on Binance. I like the selection and the volume on the site. I was on a bunch of exchanges Cryptopia, Livecoin, Kucoin hunting for some real shitcoins but the positions are too hard to hop out of when the market is tanking making them too risky.
Posted:
#372
Natural thought is to test the lows made last trip and see if it sticks. Seeing the futures hit that number makes me think it might go under that 6500 low.
Looks like it busted through 7k like butter now in the 6800 range with hot volume. It is interesting watching the others like ETH go UNDER the lows set last time even though BTC isnt at the lows yet.
Id consider ETH and LTC and XRP at the right prices...but it seems from the price action that XRP is in the doghouse, the lows are lower and the bounce highs are lower than others while LTC seems a tad more strong and hasnt dropped as much relatively speaking.
Posted:
#374
Well the market is also testing the holders of these things....the mentality of "never sell" does not work in ANY market and I wonder if there will be a point where these forever holders will consider selling. It isnt that the retail guy is driving this action because this volume cannot be generated from retail traders. The retail guy is a bubble in the ocean and mean nothing. The real action I think is because of the futures and that bigger players are in the game and can push these around very easily without any resistance.
I was thinking this week that these crypto currencies remind me of the Fiber Optic mania when I was a broker....people would never sell and only thought they would go up and every dip was a buying opp. Well many if not a high high majority went under and the retail guy got crushed. I have to think the same happens here...the fringe useless cryptos go bye bye and the little guy will get buried in the end.
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