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Cryptocurrency |OT2| Money's New ERA Shoots for the Moon! | Read OP for Thread Rules

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Brandson

Brandson

Member
Oct 26, 2017
2,219
Dosia said:
What are you expecting the floor to be? No longer thinking it hits 6.5k?
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Still looking for BTC to get closer to 10k. Failure to breakthrough 10k and my 6.5k target is still in play. Break 10k and it goes higher, I think. This is all very hard to call at this point. Still holding my ETH and watching. ETHBTC ratio up a bit making that decision look good for now.
 
TheDoldrums

TheDoldrums

Member
Nov 10, 2017
237
Sloane said:
Mempool being empty is not necessarily a good sign in my book and it doesn't matter all that much when waiting for the next block / a single confirmation still can take up to 40 minutes at times. Lightning might work out but it has a lot of drawbacks; fees, energy consumption, staking -- should be better than where it's currently at but still far from perfect.
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Mempool isn't empty, it just doesn't have 200k unconfirmed like it did during the worst periods.

Why would waiting for the next block take 40 minutes? That's not the next block, obviously. If that's your experience than you are sending from an unoptimized exchange or using an inefficient method yourself.

Lightning network has a drawback with fees? Don't really understand that one. Creator Joseph Poon: "The fees people are going to charge are going to be effectively near zero. If you really game it out for a lot of payments, one satoshi is too high; that's really what we're looking at." No one can say for sure what the fees will be until the market bears it out, but from every indication they will be minuscule.
 

Sloane

Member
Oct 25, 2017
1,244
TheDoldrums said:
Mempool isn't empty, it just doesn't have 200k unconfirmed like it did during the worst periods.

Why would waiting for the next block take 40 minutes? That's not the next block, obviously. If that's your experience than you are sending from an unoptimized exchange or using an inefficient method yourself.

Lightning network has a drawback with fees? Don't really understand that one. Creator Joseph Poon: "The fees people are going to charge are going to be effectively near zero. If you really game it out for a lot of payments, one satoshi is too high; that's really what we're looking at." No one can say for sure what the fees will be until the market bears it out, but from every indication they will be minuscule.
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I meant "empty" in the sense of usually getting confirmed in the next block at a pretty low fee.

Block time -- up to 40 minutes. Sometimes you get lucky and they hit three blocks within 10 minutes or so, sometimes there's no new block for 20, 30, or 40 minutes. More than 30 minutes doesn't happen all that often but it happens from time to time.

Lightning requires you to pay a fee for opening a channel and for the transaction itself, unless I'm mistaken. The latter should be pretty low but I'm not quite sure how this is supposed to work out economically when energy consumption due to PoW is still high. Miners already weren't happy about SegWit. Maybe I'm missing something there.
 

DrFurbs

Member
Dec 16, 2017
41
Was about to dip my toes on Ripple Xrp but the dramatic drop recently and the fact some authorities are banning crytocurrencies, is making me think twice...

What do you think? I have a feeling governments will eventually ban it?
 

Dilly

Member
Oct 26, 2017
591
In the end I lost more money due to exchange fees yesterday than I would if I just had held.
 
element

element

Member
Oct 27, 2017
920
Someone at work posted an image about President Trump (PRES) coin trading on the 31st at 0.004 and I laughed. I should have just thrown $20 at it and skipped lunch. Within 36 hours it peaked at $0.86.

Why!!?
 

AlsoZ

Member
Oct 29, 2017
3,003
DrFurbs said:
Was about to dip my toes on Ripple Xrp but the dramatic drop recently and the fact some authorities are banning crytocurrencies, is making me think twice...

What do you think? I have a feeling governments will eventually ban it?
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Ripple isn't the kind of thing that would get banned by governments. The crucial thing is if it will be used by banks - and if the tokens you own have any value relation to the ripple network.
 

rickyson33

Banned
Nov 23, 2017
3,053
it just hit me that i'm sitting here just as excited to see bitcoin solidly break above 9k as I was 12k like a week ago

can only imagine how people that have been involved in this stuff longer than a couple weeks must feel haha
 
Brandson

Brandson

Member
Oct 26, 2017
2,219
Dilly said:
In the end I lost more money due to exchange fees yesterday than I would if I just had held.
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Sorry to hear that. I have learned that after I have bought what I think is the bottom of a dip, to just hold from there to give the market time to settle down after the violent bounce. That is what I meant by overtrading. If I manage to get myself in a good trading position I like to stay in it for a while, instead of risking playing the volatility.
 

bruhh

Member
Oct 26, 2017
272
Brandson said:
Still looking for BTC to get closer to 10k. Failure to breakthrough 10k and my 6.5k target is still in play. Break 10k and it goes higher, I think. This is all very hard to call at this point. Still holding my ETH and watching. ETHBTC ratio up a bit making that decision look good for now.
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Is your plan to watch for a dip in eth/btc and then sell your eth into fiat and hold whilst it dips?
 

Dilly

Member
Oct 26, 2017
591
Brandson said:
Sorry to hear that. I have learned that after I have bought what I think is the bottom of a dip, to just hold from there to give the market time to settle down after the violent bounce. That is what I meant by overtrading. If I manage to get myself in a good trading position I like to stay in it for a while, instead of risking playing the volatility.
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Yeah, definitely. Also, your strategy to only trade ETH makes things more 'fluid' compared to having a bunch of different coins on different exchanges.
 

cryptoadam

Banned
Jan 2, 2018
400
I feel like we haven't reached bottom yet. I am seeing a lot of green on alts I watch but I think it' a small bump we have seen all month long happen.
 
Syder

Syder

The Moyes are Back in Town
Moderator
Oct 25, 2017
12,543
Yeah, this uptick just isn't enough, and there's still so much FUD and general negativity in the market.
 
Drifters_

Drifters_

Banned
Oct 25, 2017
1,237
My personal opinion is we're going to have a breakout weekend. Things are depressed right now but I think the market is done with the FUD.
 

cryptoadam

Banned
Jan 2, 2018
400
Uptick will happen when big money jumps back in.

Me buying 1000 $ of BTC won't change the market. Someone with 10 or 20 million that makes a big change.

So question is when do the big money players buy back in which will the start another buying frenzy.
BTC took 3 or 4 years to go from 100 to 1000. It took one year to go from 1000 to 20000. That's just to much of an insane growth in one year.

If BTC kept it' normal growth it would be at about 3000 or 4000 right now. So I think we are heading towards sub 5k and then flat line for a while till big money comes back.

Just imo of course. Odds are since I am not buying right now it goes up and the minute I buy somethng it loses 50% value like what seems to have happened all last month lol
 
Donos

Donos

Member
Nov 15, 2017
6,543
^Why should a growing market keep the pace of the former years? Not saying that the jump from 1.000 to 20.000 wasn't insane. Just that i don't think BTC needs necessarily have to be only 3.000 or 4.000 because of the years before.
 
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Arjen

Arjen

Avenger
Oct 27, 2017
2,043
Any of you guys into Neblio? It is the majority of my portfolio, really interesting what they are doing and they survived the dip relativily well.
 

cryptoadam

Banned
Jan 2, 2018
400
Donos said:
^Why should a growing market keep the pace of the former years? Not saying that the jump from 1.000 to 20.000 wasn't insane. Just that i don't think BTC needs necessarily have to be only 3.000 or 4.000 because of the years before.
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It makes more sense to me that the market would grow 3 or 4 or even 5 times as opposed to 20 times. Even if it had amazing growth of x6 that would still mean BTC would be at 6k.

Let's just say BTC continued to have excellent growth in 2017 Instead of historical never seen before growth. Where do you think we would be today? Probaby a 5 or 6 k price range.
 

Deleted member 8561

user requested account closure
Banned
Oct 26, 2017
11,284
Brandson said:
Still looking for BTC to get closer to 10k. Failure to breakthrough 10k and my 6.5k target is still in play. Break 10k and it goes higher, I think. This is all very hard to call at this point. Still holding my ETH and watching. ETHBTC ratio up a bit making that decision look good for now.
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Is there a specific timescale you have for failure to break 10K? Or is it simply when it hits the major resistance and fails to break through will the lower target come into play?
 
SEBattleship

SEBattleship

Banned
Oct 27, 2017
340
Chicago
I am by no means an expert and just recently got into studying TA, but it looks like now might be a good time to buy in on ETH short term.

The $980 resistance wall seems to have turned into the new support point. I think this bodes well for ETH breaking $1k later today and maybe going as high as $1,100.
 

Deleted member 2379

User requested account closure
Banned
Oct 25, 2017
1,739
Donos said:
^Why should a growing market keep the pace of the former years? Not saying that the jump from 1.000 to 20.000 wasn't insane. Just that i don't think BTC needs necessarily have to be only 3.000 or 4.000 because of the years before.
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This is because people in the cryptosphere are not all normal investors and believe that past performance is indicative of future performance. At the end of the day, all CC is just currency and it should never really increase in value it should find a stabilization point in relation to other currencies at a price that makes markets efficient. Instead, this is just pure speculation on an investment with nothing to back it up other than others are trying to buy it to which leads to price appreciation entirely due to limited supply. However, those types of run ups dont last forever as all trading is a zero sum game in which someone wins and someone loses.
 
oreomunsta

oreomunsta

One Winged Slayer
The Fallen
Oct 25, 2017
4,360
This is a bizarre jump to wake up to :/ is there some reason to it, apart from the market naturally working itself out of the slump over the past week?
 
Dosia

Dosia

Banned
Oct 27, 2017
385
SEBattleship said:
I am by no means an expert and just recently got into studying TA, but it looks like now might be a good time to buy in on ETH short term.

The $980 resistance wall seems to have turned into the new support point. I think this bodes well for ETH breaking $1k later today and maybe going as high as $1,100.
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I'm eyeing the 9.5k btc threshold on gdax. It's having trouble getting over that hump but if it does might try to ride a wave until 10k.
 

Rogue Agent

Member
Oct 25, 2017
2,532
If you're from the UK, is there any way to currently buy Siacoin?

I ask this because Bittrex isn't accepting new registrations and Shapeshift doesn't have Siacoin at the moment. It's quite frustrating.
 
Domino Theory

Domino Theory

Ripple Effect Studios
Verified
Nov 6, 2017
330
I realized I don't have a single privacy based coin. Any recommendations? I'd consider Monero, Zcash, and Dash, but they've all grown so much the past year so I feel like I missed those trains.
 

RBelong2Us

Banned
Oct 29, 2017
895
All of its bounces have been pretty mundane. Feel like we might see this all of February. Would be a good month to buy low and sell at any moderate bounce
 
Cipherr

Cipherr

Member
Oct 26, 2017
13,489
Domino Theory said:
I realized I don't have a single privacy based coin. Any recommendations? I'd consider Monero, Zcash, and Dash, but they've all grown so much the past year so I feel like I missed those trains.
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I personally liked PIVX for its growth potential. But Monero is the surest best in the space although if there's room for more I think % growth wise PIVX would be the best bet since DASH and ZCash are larger.

I dropped them from my portfolio on raw fear. I don't know where privacy coins fit in terms of regulation on the market. If regulation doesn't kill them, they will be huge. If it does, well...
 
Drifters_

Drifters_

Banned
Oct 25, 2017
1,237
Sozzled_Bucket said:
That's kind of where I'm at, I think I just get irrational when I see coins at such low sat on Binance. I appreciate the reply man
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It's low for a reason. I'm not saying that it couldn't take off but basically the premise of the coin and team are to replace betting with fiat with digital currency which is a hard hill to climb.
 
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