It was a lot more fun when I checked Blockfolio every 5 mins and it went up tho....now I’m just wishing I saved more money to buy low.
Unless you have a shit ton of money into this, I think it’s a little late to be cashing out. Gotta just wait it out at this point.
Ride it out I go to Hong Kong on May 23, this shit better be back pumping. My wife wants a new YSL bag lol
Only thing I’m contemplating doing is selling some of my Uber shitcoins for cheap VEN, XRB, or others.
I've taken a huge loss on FCT. I'm contemplating selling it now, taking the hit, and using what I have left toward others on the dip. I could always cash some of that out later if and buy back into FCT at the same position I'm out now, but I want to take advantage of the dip. I probably won't though because I've fucked myself on numerous occasions by not HODLing.
The drop is definitely not over. I think we could end up back where we started a year ago TBH. I don’t think it’s going to immediately bounce back either so I’m not trying to time the exact bottom. Could be like the end of 2013, early 2014 IMO and we’re in for months or even years of relatively flat movement, then a gradual incline, then a sudden spike through the roof. When things finally do settle for any reasonable amount of time, I’m loading up.
I hope not either but it wouldn’t surprise me. A lot of regular joes got in at or near the ATHs and its going to take a long time for people to forget 75% drops.
Yea. It’s gonna be a long ride back. Gf basically melted down last night over the drops. I assume that was a common conversation all over the world.
Anyone have a good read on what to expect from the SEC/CFTC meetings with Congress about crypto? I saw the prepared comments and how they suggested some regulation but don't really know what to make of how it'll affect the market. Is the crypto world opposed to that or would some type of regulation help stability?
meanwhile, VEN has jumped from under $3 to $3.90 right now. wtf is E-Coin? today's fun pump n dump. pumping like I've never seen.
regulation help stability in long run, imo get rid of the fraud and scammers https://www.c-span.org/video/?44077...ncarlo-testify-hearing-virtual-currencies&vod
As an outsider looking in, I think the same way. You guys follow this way more than me though so I know I could be missing something.
Jay Clayton, Chairman U.S. Securities and Exchange Commission testimony is 71 pages. J. Christopher Giancarlo, Chairman, U.S. Commodity Futures Trading Commission testimony is 42 pages. Here ya go, fun reading: https://www.banking.senate.gov/publ...-the-u-s-commodity-futures-trading-commission and while reading, listen to fun hearing on c-span: https://www.c-span.org/video/?44077...ncarlo-testify-hearing-virtual-currencies&vod
Senator Mark Warner talking about crypto market reaching trillions by 2020, and the fact that it growing so much, making sure regulations have their arms around things. regulating ICO's, etc. heyooooooooooooooooooooooo Make some fun headlines from this hearing with little half sentences taken out of context. Pro or Con. Manipulate the hell out of this. Gonna happen as it always does.
Some good follows if you can't listen to the hearings: https://twitter.com/NeerajKA https://twitter.com/jerrybrito https://twitter.com/CryptoBully
Common misconception that crypto is unregulated: https://www.americanbanker.com/opinion/cryptocurrencies-are-far-from-unregulated
Saw something last night where the strategy was to treat it similarly to the internet with a “do no harm” approach. Biggest thing I’ve seen from the hearings today is that they believe ICO’s are securities and I agree with that assessment. So you may see ICO crackdown similar to what has happened in other countries. ICOs are just a bullshit way to raise capital without giving away equity in your company. While they can still be profitable for the investor I think it’s a good move to regulate this way.
Yep and it's also worth pointing out that crypto doesn't always mean ICO. None of Bitcoin, Litecoin or Monero ICO-ed. Neither did Nano or dozens of others.
Gallant do you have any good resources on PFR and it's potential? Want to pickup a few coins on the cheap but just realized I could get a PFR masternode for about $700 right now... (Condolonces on the dip - My portfolio is hurting as well)
While I agree that ICO's are just a bullshit way to raise capital without giving away equity, since there's no equity/ownership/profit share does that not defintionally exclude them from being a "security"? I have friends going through an ICO and they have spent quite a bit on lawyers to make sure their coin does not fall with the Securities Acts definitions of "security" so as to avoid running afoul of the SEC. It's been a while since I've really looked at the scope of the Securities Acts, but if the SEC wants to regulate all coins together then Congress might have to step in to broaden its jurisdiction.
I’m up 23% right now(today). Seriously contemplating moving all to tether and hoping it goes back down 23% to add.
I'm a big fan of the proliferation of "nocoiner" insults on crypto twitter lately. I'm going to start using that on a daily basis when people ask me snarky questions about BTC.
"How's that bitcoin of yours today, Jeremy, still going up?" "Fuck you Billy it's gone up more than yours, you dumb nocoiner bitch."
Having some of my shitcoins go up 40-60% in the past 24 hours, yet still be down in them 40-50%, is a not so great feeling. should've bought the dip
In case you guys were wondering how shitty my shitcoins are, my whole portfolio is up literally 41% in the past 24 hours.
If someone were to invest some play money over the next few weeks, and only wanted to mess with the 4 on Coinbase bc the rest of it is more complicated than they care to mess with, how would you split up their investment? 50% BTC and split the other 50% over the other 3? Even 25% across the board?