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

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

  1. 941Gator

    941Gator TMB's resident beach bum
    Staff Donor
    Florida Gators

    Time to buy more ETH, SNOV and OMG. Ppl are saying to wait as it will drop more but then I have to actively root for a drop lol.
     
  2. dahldennsull

    dahldennsull Living in the best state
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    Debating if I want to consolidate stuff, but hard to weigh if I stay spread for possible rebound or try to pick which ones have higher chance.

    If you want to peak my portfolio, hit the spoiler

    Portfolio:
    >$500 worth of coins (used to be more, but substantial holdings)
    XLM
    NEBL
    BNB
    NEO
    XMR
    DASH
    FCT

    Next tier - $100-500
    AION
    ADA
    ICN
    BTC
    ETH
    LTC
    SNOV
    DRGN
    WAVES
    PRL

    Smaller holdings
    PRL
    QTUM
    LEND
    TRX
    OMG
    DENT
    DBC
    VEN
    XRP


    So really high graded the ones I like and think have long term, took some profits and went with fliers on the lower 2 tiers. Should I just cut losses and get back to base with my top tier and BTC/ETH/LTC? Or is this worth just holding out, waiting for an alt-run and then consolidating
     
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  3. momux

    momux AFAM Scholar
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    ETH has seen a big rebound this morning (relatively). Back up over 900 after trading in the high 700s for a while.

    Personally I’ve been out of the market since the weekend and don’t have much appetite to get back in. Think I may call it quits on my crypto career as a winner.
     
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  4. dahldennsull

    dahldennsull Living in the best state
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    [​IMG]

    but seriously if you would like to come in and provide sound advice on how to make us all rich, please stay...
     
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  5. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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  6. Nantucket

    Nantucket Northeastern Elitism+Alabama Downhome Sensibility
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  7. The_411

    The_411 Well-Known Member

    It’s not for the faint of heart. It’s most volatile market I deal with. Hell, at times it’s easier to do derivatives rather than crypto.

    From what I’ve seen the key to crypto is day trading and only holding long positions in cryptos that have strong fundamental projects and backing.

    Everything else is like penny stocks, where you are buying for momentum gains, rumor increases and jumping out to minimize liquidity opportunity costs.
     
  8. tmbrules

    tmbrules Make America Great Again!
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    Never got approved by the clearing house to trade bitcoin futures. Supposedly my account will be opened and permissioned before Feb 1st.

    Anyway, i wouldn't be suprised to see bitcoin make a run up from here. Back up to the 14k-15k range. Long term I still think its going down to less than $1k a coin.
     
  9. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    If you shorted BTC on December 1st you'd still be at a loss.
     
  10. tmbrules

    tmbrules Make America Great Again!
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    If you bought BTC on December 10th you would have lost 40%
     
  11. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    That's why you don't buy tops.
     
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  12. Jeffrey Lebowski

    Jeffrey Lebowski Obviously you're not a golfer
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    I really feel like buying more but we may see $5000 BTC before this is all said and done
     
  13. Louis Holth

    Louis Holth but we also just might be those motherfuckers
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    Don’t say things like that
     
  14. Harrison Beck

    Harrison Beck Bailout Bro
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    Just bought more BTC. :bananallama:
     
  15. Jeffrey Lebowski

    Jeffrey Lebowski Obviously you're not a golfer
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    Sorry. I really think (hope) ~$10k is the floor
     
  16. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    I have a confession to make.

    I sold all my shitcoins and maybe even put down some cash to buy a lot more NEO, VEN, and NEBL in the last two days
     
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  17. Big Ern McCracken

    Big Ern McCracken Well-Known Member
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    After getting burned by XVG and TRON (luckily got out early), went big into NEBL. Would rather have something more stable and be better long term instead of doing this day to day shit. Will buy FCT, ETH and BTC. That will be about it.
     
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  18. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
    Indiana HoosiersNotre Dame Fighting IrishChicago CubsIndianapolis Colts

    Bought some BTC @ 9.2-9.6k
     
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  19. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Ok I had to unfollow this idiot

     
  20. kinghill

    kinghill Cool American Flavour
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    $15.44 lmao
    He must have a lot of XRP
    Hasn't he said this about Ripple before
     
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  21. dahldennsull

    dahldennsull Living in the best state
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  22. —

    Well-Known Member
    Donor

    He literally only reads waves one way (the way with 100x+ profit looming 24/7).

    Love the comments that are like “DONT HATE HE IS TEACHING US TO USE ELLIOT WAVES FOR FREE”

    And I’m like nah, he’s teaching you how to find a triangle that indicates exponential profits in every chart you lay eyes on
     
  23. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    I found it. My favorite tweet ever.

     
  24. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    There’s also no FA. These aren’t normal corrections on XRP, XVG, TRX, etc. They’ve just been exposed.

    Next thing you’ll see is a Bitconnect shill. “Massive Bull flag forming”
     
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  25. arrdub

    arrdub Well-Known Member
    Donor
    Florida State Seminoles

    SC netting out pretty well through all this
     
  26. fsck~

    fsck~ ~
    Staff TMB OG

    As someone else pointed out, this probably can't be true given that they would need equal people taking the long position for the shorts to exist.
     
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  27. Name P. Redacted

    Name P. Redacted I have no money and I'm also gay
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    Kansas State WildcatsSeattle Kraken

    i'm enjoying the conspiracy theories people are concocting to take away the pain of losing imaginary profits
     
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  28. —

    Well-Known Member
    Donor

    yeah the idea of Wall Street collusion with the Korean National Assembly and minister of justice while also working with “China” is rich.
     
  29. momux

    momux AFAM Scholar
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    Standard stuff. Don't have an easy narrative for why the market moved? Blame it on Asia or the nefarious profiteering banksters.
     
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  30. beist

    beist Hyperbolist
    Donor

    I gambled on marijuana penny stocks a couple years ago (yes, most of us are gambling here, not investing), and crypto twitter vs. weed stock twitter are hilariously similar to the point where I have a hard time taking any of these alts seriously.
     
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  31. beist

    beist Hyperbolist
    Donor

    Don't let the shorts win! Don't feed the bears! Buy when there is blood on the streets!
     
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  32. Dale Doback

    Dale Doback Well-Known Member
    Donor

    Everything positive compared to 24 hours ago! We are back!
     
  33. reflux

    reflux Swagriculture
    Donor

    I mean, the bankers sold mortgages they knew were bullshit and then bet on those same mortgages defaulting. And then paid out huge bonuses with bailouts from taxpayers.

    Nefarious? Fuck yes.
     
  34. CF3234

    CF3234 Fan of: Bandwagons
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    starting to think you are the kid in your profile pic.
     
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  35. reflux

    reflux Swagriculture
    Donor

    Yes, I am Chad Kelly.
     
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  36. CF3234

    CF3234 Fan of: Bandwagons
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    sure. just saying you are coming off a bit like a young guy in that post. im sure there are plenty of pump and dumps going on, but this correction isn't the result of some bankers trying to screw everyone. its a correction of an extremely volatile market that is exacerbated because a majority of the investors are younger people who don't have the stomach to deal with these kind of losses
     
  37. Name P. Redacted

    Name P. Redacted I have no money and I'm also gay
    Donor
    Kansas State WildcatsSeattle Kraken

  38. Name P. Redacted

    Name P. Redacted I have no money and I'm also gay
    Donor
    Kansas State WildcatsSeattle Kraken

  39. wheyum

    wheyum Well-Known Member
    Donor

    Once this thing bounces back, I'm consolidating my holdings.
    I was aiming for a mutual fund carry some of alot of different coins type approach but there are just too many hype/shit coins out there I'm not comfortable holding in a crash like this.

    Thinking : FCT, BTC, ETH, NEO, VEN, ENG, XLM, ICX, XRB, NEBL
    (I know this list is still a lot but it was hard to cut it down to these 10, right now I have 50 coins...)
     
  40. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    After all this has shaken out, I’m betting big on VEN, NEBL, NEO, and ETH

    Keeping about 10% of my account in QRL, LUX and staking coins with high ROI and less than $10MM market caps. Mainly because they’re off on Shitopia and Bittrex and not enough money to bother with moving.

    Let’s fucking go.
     
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  41. reflux

    reflux Swagriculture
    Donor

    I agree with you here - I don't think this kind of plummet is a result of Wall Street manipulation. At the same time, let's not act like "Wall Street" is above that sort of thing.
     
  42. CF3234

    CF3234 Fan of: Bandwagons
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    wall street is going to do what is best for wall street. but honestly, that shit goes for every profession.
     
  43. aspenbuff

    aspenbuff Well-Known Member
    Colorado BuffaloesSan Francisco GiantsSacramento KingsOakland RaidersSan Jose SharksUSA Rugby

    I think the craziest thing about the last couple days has been how, previously, BTC acted as a hedge for alts, i.e. when BTC went up alts went down (both in USD and BTC) and vice versa. Now it's the opposite, with any moves in BTC acting as a multiplier in either direction for most alts. Makes for quite the ride, although a lot less fun from a risk management perspective.
     
  44. aspenbuff

    aspenbuff Well-Known Member
    Colorado BuffaloesSan Francisco GiantsSacramento KingsOakland RaidersSan Jose SharksUSA Rugby

    Do Roger Ver next.
     
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  45. Pharm

    Pharm Right Handed
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    Because it used to be same market cap and money moving from coin to coin, now it's new money in and old money out of the market which just makes everything go up or down
     
  46. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Hoping that was the bottom and not another dead cat bounce
     
  47. CF3234

    CF3234 Fan of: Bandwagons
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    please be the bottom. tired of the GF giving me shit for not selling when up 5k.
     
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  48. colonel_forbin

    colonel_forbin Well-Known Member
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    My girlfriend gave me $1,000 to invest for her. I lost more than half 48 hours after purchase.
     
  49. texasraider

    texasraider thanks
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    perspective:

    I'm up $15k since I woke up this morning
     
  50. CF3234

    CF3234 Fan of: Bandwagons
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    my gf put in like 3k with the goal to pay for a new phone. she was up about 1500 a week ago. she didn't sell. that's my fault apparently