Everyone start brainstorming ideas for me and DHMB to spend our money on when we're WTC millionaires.
Made about 7k on Walton in two weeks. Starting to spread out a little though. Focusing on NEO first then IOTA, LINK, OMG, and maybe SALT.
So where does one begin with this? If I wanted to make a recreational investment what are the best vehicles for doing so? Would like to know more and figure having a small amount in something (ie, vested interest) would encourage me to take a deeper dive and determine whether to get serious with it
From the guy I tail: it’s debatable, retrace expected as a lot of the $6-8 money was FOMO investment getting on the caboose. Genesis block upcoming and potentially being listed on bittrex will most likely produce a bump, but we’re not adding unless it dips below $5 (and even then it’ll be a judgement call, not catching falling knives). We’re selling a chunk off after genesis and more if it bumps from being added to other exchanges, but leaving enough of a long position to run a master node.
Walton just announced to be coming to HitBTC (#4 exchange in volume) on 10/11 Made a cool $1000 in about fifteen minutes
Damn Bitcoin up to $4600. That's nuts. Doubled in 3 months. More than quadrupled this year. Obviously I regret not getting in when this thread was started but I would have sold several times over the last 10 months. This shit has greatly outperformed any stock ever. You could have bought 12 months ago and you'd have 9x your investment. That's insane. I'm too much of a skeptic to jump in but I do enjoy watching it.
http://www.marketwatch.com/story/pr...t-who-wrote-the-book-on-currencies-2017-10-09 "My best guess is that in the long run, the technology will thrive, but that the price of bitcoin will collapse." "But it is folly to think that bitcoin will ever be allowed to supplant central-bank-issued money. It is one thing for governments to allow small anonymous transactions with virtual currencies; indeed, this would be desirable. But it is an entirely different matter for governments to allow large-scale anonymous payments, which would make it extremely difficult to collect taxes or counter criminal activity." "Were bitcoin stripped of its near-anonymity, it would be hard to justify its current price. Perhaps bitcoin speculators are betting that there will always be a consortium of rogue states allowing anonymous bitcoin usage, or even state actors such as North Korea that will exploit it." "Finally, it is hard to see what would stop central banks from creating their own digital currencies and using regulation to tilt the playing field until they win. The long history of currency tells us that what the private sector innovates, the state eventually regulates and appropriates."
Oh no, I'm still skeptical of the growth. I can't think of a stock in history that has grown like this. It's insane. I still think it's going to crumble to a degree at some point but it's a lot of fun to watch from the sidelines. I've heard countless stories of people saying "I had 800 bitcoins at one point!" and read old articles of people buying LSD for 150 bitcoins when they were $1 each. I'm sure there's a few stories of people holding them this entire time and being multi-millionaires. I just haven't seen them but I'd enjoy reading them. Has anyone else seen articles like that?
It's not even that anonymous. Once the IRS figured out they weren't making money on it they figured out how to track most payments so they can nail tax evaders.
Coinbase account, bittrex account. Find some youtube channels about cryptocurrency that dont suck or have retarded people. Learn. Dont be stupid. Keep your investment low until you feel comfortable with what youre doing. As long as you dont overthink "buy low, sell high" you should be good. Unless the entire market collapses obv but lol.
Sat on bittrex right before leaving for Europe and wanted to sell everything back to btc at $4100 cuz I thought this would happen pre btg fork Didn’t do it and my Alts got pummeled Ugh
Depends. If its something you legit believe in or its xrp or xlm youre probably good. If you just have it to make a quick buck before you dump it then btc is a better option. Then again, what kind of value would you get for your alts right now? I bought into omg when it was at 7.50 the other day. Should have sold last night. Omg is a good coin and i will probably make more if i sit on it until btc regresses a bit in a few days. But who the fuck knows. Regardless, everything i have will be in xrp and xlm before SWELL next week.
Or a great time to buy alts. From what I gathered off Twitter the recent BTC price surge was shorts selling off huge positions. Everyone knew BTC was gonna pump before the hard fork. I’m guessing it’s bc there’s this misconception that somehow post fork, BTC holders will have two coins of equal/near equal value, thus doubling their money. They won’t. It’ll initially be like a stock split, but the prices of the two coins will most likely diverge and one coin will likely be abandoned/worthless as time progresses/the dominant coin emerges. What’s odd is the more and more I learn about crypto, it’s pretty much consensus that ETH is a superior coin/tech. Have to wonder how much of BTC’s rise is driven by noob speculation, the irrational exuberance of the dot com bubble/FOMO.
i'm not dumping OMG until at least january even then, i may not dump it all (assuming it does what i think it does and blossoms)
After talking to a few people more tech savvy than myself I tend to agree that ETH is better, but it's far from perfect and has a lot of problems of its own.
Define blossoms. I see big gains from xrp next week and lisk next month. If it could blossom towards the end of nov that would be cool.
My little $75 initial investment is already making me money. Good thing I listened to the experts in this thread.
I’ve put a little into BtC each week. Haven’t played with many alts yet as I’m still learning about those. I do have some ripple though.