Who is waiting for one of their shit coins to breakout, so they can take out their original investment? (raises hand)
Bored as fuck and looking back through this thread at predictions made. Impressive Don't Hate Me Bro! You're timing below has me thinking about predictions. all - What is your outlook on the crypto future in general over the next couple months? some notes to consider; - Bittrex announced they'll be pairing USD to coins soon. (Or just allowing USD deposits, not direct pairing to altcoins? not sure about that) - Bittrex hasn't allowed new users since mid Dec, except now you can register if you're a "corporate customer". - Binance and many other exchanges slowed down or stopped accepting new users for some time. - Cryptopia stopped certain sections of their trading (LTC, for example) - Bunch of news about regulations in general with trying to stop fraud/scamming. - Credit Card companies no longer allowing purchase of crypto - Bitfinex subpoena - Some more exchange hacks, resulting in stricter regulation - Somewhere around a 45% BTC & Total Market Cap drop from January's high to now. - SEC crypto regulations hearing on Feb 6th What will come of the hearing on Feb 6th? Will that all be regarding the regulations of futures/stock market stuff? What happens when exchanges like Bittrex reopen registration? Accepting USD deposits, aka competition with Coinbase? Will other top exchanges start accepting USD deposits? Regulations and security making the market just a little more legit/less scammy, less fraud, etc? The real scam shitcoins might trickle away and go bye-bye? All of these are just ringing "good for crypto" in my head, flood of new people coming into the market.. more $... new bubbles higher and higher... new 45% corrections... Am I just putting positive spin on all this or anyone else thinking this way. 12/7/17 1/16/18 - BTC price 11k 1/17/18 2/2/18 - BTC price ~8k
We’re not even close to breaking out of the bear trend yet. We may be sideways all year even after we do break out. I’m investing big in alts I have high hopes for and trying to accumulate some masternodes with high ROI payouts. For now that is my 2018 strategy until we’re bullish again.
Not really keeping up like I used to - less stress. And not going out on much of a ledge here, but if the stock market tanks I (and many others) think we see BTC $1-2k. Most people seem to agree it’s an overbought market, IF that happens I’ll likely divest my 2-3 bottom performing rental properties and pour it all into BTC/crypto. For now just risking house money. Also I know everyone likes to pump their favorite coin, but I really think WTC will be the first legit successful crypto business/coin or however you want to word it.
I just can’t believe that this whole crash started with the XVG developer posting a picture of himself smoking Newport’s.
What coins specifically are you targeting? I'd love to try and get a node. But would need to go heavy into one coin. JeremyLambsFace
Also have two other coins staking right now that aren’t on exchanges that I got in airdrops for free. Dv7 is still in its presale And MUT was one that was only on Coinsmarket when it crashed so they’re working to get on other exchanges now
All the alt coins are going to zero. Give them 3-5 years. (Probably a lot less) Btc going to under 5k a coin soon. These cryptos are a sham. Make money trading them, but if you think they are an investment you deserve to lose every penny.
Took some profits. Up 25% on my original investment in 6 months and still have about the same amount as my original investment in my portfolio. Still outgaining the S&P suck my dick Wall Street
Got 3 possible culprits: 1. Tether fears 2. Regulatory fears (Senate hearing on cryptos tomorrow, India taking a harsh line on cryptos, etc.) 3. Chinese New Year Apparently there has been a 20-35% decline in BTC in the 24 day period leading up the Chinese New Year dating back to 2014 (maybe when large scale Asian entry into the market happened?). I hate small sample sizes but it makes some sense.
Chinese New Year? You mean, China banning cryptocurrency trading completely - if today's articles are accurate.
Between this and the stock market plummeting, my net worth is like $35k less than it was 2 months ago
So Chinese (Lunar) New Year is celebrated in not just China but a number of other Asian countries, including Korea and Vietnam. Not an expert on this by any stretch, but basically you'd expect to see something akin to what happens in our stock market around the New Year, with a lot of sales to take losses to offset realized gains, along with a taking of profits to use on presents. The latter may be especially true in crypto compared to traditional markets since you have a larger percentage of non-institutional money in crypto. Or at least that's the theory. I haven't been able to find a ton on what happens to Asian financial markets beyond some vague references to increased volatility and low volume. Here are the charts of the previous crashes right before Chinese New Year: https://steemit.com/cryptocurrency/...or-4-years-in-a-row-23-24-days-before-chinese
So what’s the play? Cash out with about 20% profit or ride it out and see what happens? Third option is to buy more but that scares me at the moment.
No surprise, there was a dip around that same time this year and it showed up as an explanation. Then again:
So in order to get out of Bitgrail I had to swap it all to BTC. They actually saved me from the dip, so now I'm actually going to buy back into Nano at half the price. Probably doesn't matter as the whole market is now useless though.
Nano should be fine. It actually has a working product unlike a lot of the other alts out there. Its biggest threat is a previously unknown security weakness and to a lesser extent, a roaring success for the Lightning Network. The latter I see as less of a threat since it decreases the security of BTC, introduces more centralization issues, locks up funds and still has a number of other issues (environmental impact of mining, likely future forks, fees, etc.). IMO Bitcoin is best suited at this point as a secure, decentralized store of value and the LN goes away from that in order to do an inferior job of P2P payments compared to other cryptos in that space, Nano specifically.
I meant useless as far as gains. I am still high on Nano as far as future usage. I could definitely see lightning network being the biggest threat. Being inferior might not matter when it has name recognition.