Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. aspenbuff

    aspenbuff Well-Known Member
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    Totally understand why you are so heavy on cash right now. It feels like a lot of people might be taking your approach, but lots of newbs are adding to the market to keep it from falling too much. When you and others put that cash back in the ecosystem, things could get pretty crazy.
     
  2. kinghill

    kinghill Cool American Flavour
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    I like to buy obscure shit for a Christmas gift for family. So how about a shitcoin?

    Any suggestions?

    - would like to get at least 500 coins/tokens
    - I have a limit of $30 to spend on this gift
    - so price should be under 5 cents
    - and it has to be available using ETH on Bittrex or Binance
     
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  3. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
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    Dogecoin of course.
     
  4. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    SNT
     
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  5. pianoman

    pianoman my drinks are free
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    Siacoin for sure
     
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  6. Fudd

    Fudd I bring terror like Stephen King
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    Hello, I had what would now be worth close to $100,000 in Bitcoin seized from AlphaBay.
     
  7. kinghill

    kinghill Cool American Flavour
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    Heard a lot of stories like that

    Would you say it was a blessing in disguise?
     
  8. Fudd

    Fudd I bring terror like Stephen King
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    If I hadn’t gone to rehab, yes. Definitely.

    Kinda hurts because I did though.
     
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  9. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I got 1k to invest. What to put it in? I’m guessing a lot of people will talk about it during Xmas dinners.
     
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  10. kinghill

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    S&P 500 index fund with low fees
     
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  11. Gallant Knight

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    Bama +9 at Arizona
     
  12. kinghill

    kinghill Cool American Flavour
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    btw, EtherDelta is the fucking worst.
     
  13. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
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    Interesting discussions regarding IOTA on twitter.

    @twobitidiot
    @jratcliff
     
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  14. mal630

    mal630 Well-Known Member
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    How do you trade more obscure currencies?
     
  15. Pharm

    Pharm Right Handed
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    coinmarketcap.com look under market tab and it will let you know the exchange it is on and what it is paired with.
     
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  16. CF3234

    CF3234 Fan of: Bandwagons
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    Rough weekend in the crypto streets.
     
  17. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
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    Binance, Bittrex. You use Bitcoin or Ethereum to exchange or “buy” the altcoins.
     
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  18. kinghill

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    I had the brilliant idea of getting some DENT and transferred some ETH over to EtherDelta and damn it sucks. I'm transferring it back to Bittrex I'll get something else.
     
  19. Pharm

    Pharm Right Handed
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    at what point do yall cut your losses on a coin?
     
  20. GoodForAnother

    GoodForAnother I lost my heart to a Galway girl
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    We’ll always have 20k
     
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  21. GoodForAnother

    GoodForAnother I lost my heart to a Galway girl
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    Never
     
  22. Pharm

    Pharm Right Handed
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    down like 40% on one coin, and its pissing me off, its still early so im sure it will eventually bounce back but damn it pisses me off
     
  23. Gallant Knight

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    If you still believe in it like you did when you first purchased it then buy more.
     
  24. Gallant Knight

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    Winner
     
  25. kinghill

    kinghill Cool American Flavour
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    exactly
     
  26. aspenbuff

    aspenbuff Well-Known Member
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    Have any of you guys used Bitgrail? Thinking about going in on XRB but it has a pretty limited selection of places to trade it.
     
  27. kinghill

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    Thanks, that's what I went with. 500 SNT @ $0.049

    Hope by Christmas day it's way up. Or down.
     
  28. kinghill

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  29. Dale Doback

    Dale Doback Well-Known Member
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    Those peoples thoughts are the same as mine. The technology, in theory, seems promising. I am on their slack site and there has been no real discussion of what they are doing to fix the issue of transactions taking days to confirm.
     
  30. New user

    New user Well-Known Member
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    Statement from Factom's CEO:
     
  31. Dale Doback

    Dale Doback Well-Known Member
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    Can you explain what this all means? I’m not up to speed on this
     
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  32. New user

    New user Well-Known Member
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    In short, factom hasn’t been doing a very good job of marketing their company. The ceo acknowledges that it’s a problem and it should change.
     
  33. New user

    New user Well-Known Member
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    So the futures launch broke the cboe website.
     
  34. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
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    “It’s safe... we can all come out and pump now!”
    -Crypto markets
     
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  35. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Binance now has stop-limit orders
     
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  36. arrdub

    arrdub Well-Known Member
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    So “buy/sell if X hits $Y”?
     
  37. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Yeah like “if BTC drops below $1500 then sell for USDT”

    It’s one of the few features that kept them lagging behind the main exchanges
     
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  38. CF3234

    CF3234 Fan of: Bandwagons
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    need this shit at Coinbase
     
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  39. tmbrules

    tmbrules Make America Great Again!
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    "The bubble to end all bubbles continues," UBS Wealth Management global chief economist Paul Donovan wrote in a post Monday.

    "Cryptocurrencies only have value if accepted as currencies. However, they cannot be used for the most important transaction in an economy, and cryptocurrency supply can only rise and never fall (making them a poor store of value)."
     
  40. New user

    New user Well-Known Member
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    Huh? The supply statement doesn't even make sense. Quite of few of them are deflationary assets.
     
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  41. tmbrules

    tmbrules Make America Great Again!
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    BTC, Ethereum, russian crypto, venezuelan crypto. .... he is saying that the so called "limited supply" is a farce. You can create another crypto so supply is technically unlimited.
     
  42. pianoman

    pianoman my drinks are free
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    This is a really dumb statement. The whole reason cryptocurrencies may prove to be a better currency is because there is only a finite amount of a certain coin. But the fed can keep producing as many dollars as they desire.
     
  43. tmbrules

    tmbrules Make America Great Again!
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    But there is always Ethereum, and the plethora of other coins. The supply is unlimited (his argument)

    Just conversation ...
     
  44. aspenbuff

    aspenbuff Well-Known Member
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    This is like saying that gold is effectively unlimited in supply because people could start suddenly assigning similar value to every other metal in existence. It's nonsense. As this market matures, a lot of coins are going to go to zero. Right now much of the price/value of these coins is for their future potential. When the market is mature, new coins are going to have to do something new or better to gain traction. So it's not a matter of unlimited supply by simply creating new coins.
     
  45. Jax Teller

    Jax Teller Well-Known Member
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    I haven't been able to log into bittrex in days. I guess I forgot my password, and when I do the forgot password link I never get an email or anything from them to reset it.
     
  46. Jax Teller

    Jax Teller Well-Known Member
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    Well that was dumb. Was trying to log in with the email address that is used for dual factor, not the email I created the account with.
    00
    Logged in and completely forgot I still had some balances on there. A whopping 11 STRAT, 244 XRP, and .00000103 ETH lol. But the BTC on coinbase is turning a nice little profit right now for what I have in it. I need to get into some of the smaller coins though.
     
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  47. glimmer

    glimmer queen of tmb
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    It's not a conversation. It's just making asinine or flat out incorrect statements about things you have shown to have little to no understanding of.
     
  48. tmbrules

    tmbrules Make America Great Again!
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    ok tough guy
     
  49. Nantucket

    Nantucket Northeastern Elitism+Alabama Downhome Sensibility
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    Poor form here. I think tmbrules is doing a good job offering dissenting viewpoints from the euphoria that has taken over this thread. It would be wise to consider differing opinions.
     
  50. colonel_forbin

    colonel_forbin Well-Known Member
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    He clearly has no idea what's going on if he thinks the word "cryptocurrency" means "money." 99% of these things aren't trying to become the new dollar. They're basically just stock in a company that performs some function.

    Same thing with a paper $1 bill though. Or stock. There's nothing stopping the issuance of an unlimited amount.