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Ren's old crypto thread || we know how to buy this stuff now (1 Viewer)

Peyton Marino said:
I did not.  Serves me right for ignoring you and missing out on the gains.

What is the point of coins like KCS and BNB?  
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They are only for their exchanges. Lower fees and apparently there will be fee sharing to holders. I have the min num of both for fee purposes, I doubt I have enough to collect rake.

 
ren hoek said:
https://twitter.com/el33th4xor/status/935851258199576577

Emin Gün Sirer‏ @el33th4xor

The price was the least important thing about Bitcoin when I first read the whitepaper. It still is.

7:41 AM - 29 Nov 2017
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Just wanted to post this here.  I think the safest play going forward is having a portfolio that is majority smart, long-term holds and the rest experimental high-risk stuff.  

To that end, Bitcoin Cash is the reserve currency and Ethereum is like the digital oil that decentralized computation will run on.  The tides will turn quicker than you think.  I foresee 10k BCH this year.  I can also see Bitcoin's marketcap flying into Ethereum.  I liked XMR as a dark market currency but I'm a little weary of it given Ricardo Spagnoni's (xmr developer) close ties to blockstream.  BCH will have BitPay support very soon, probably as soon as they adapt a new address format (to avoid lost funds between BCH/BTC addresses) on Jan 14th.  People really underestimate how important this is.  Users and merchants will be using BCH as the transactional currency.  So you want to hold things with real, functioning products (BCH/ETH) that people are actually using.  There's a lot of money to be made daytrading all the ####coins but I'm not really cut out for all that. 

Think of the currency valuations as being on a scale of value relative to their all-time high price.  So BCH at $2,500 (vs. ~4000 ATH) is relatively more valuable right now than ETH at $1082 (literally ATH I believe). Buy whatever's trading lower relative to its peak prices imo.  They're both solid holds.  

The last thing I like about Bitcoin Cash is how true it stays to Bitcoin's model.  A deflationary currency capped at 21M units, no mistake that it's targeting the $money usecase.  

Me personally, an ideal portfolio probably looks like this:

40% BCH 

40% ETH

10% BAT

10% whatever you like.  

I'm not sure how good of a price $.75 is for BAT, you might be better off buying another promising alt lower, like XLM (IBM / powering the FairX exchange coming very soon) or something.  

As always, I could be dead wrong and the whole market can turn on a dime but I'd feel extremely comfortable holding all of these long-term.  We are going to make it.  

 
ren hoek said:
I have an ETH address and BCH address, both linked to my Ledger, an Obsidian desktop wallet, and a Safex desktop wallet.  BAT, LINK, ZRX, and OMG are all ERC-20 tokens so they're just sitting on the same eth address.  

I have accounts on Uphold, Coinbase, Bittrex, GDAX, NovaExchange, Liqui, Binance, CoinExchange, Changelly, basically because I've done a gazillion trades and messed with a lot of ####coins.  

I don't really know enough about Iota/Dash/NEO to offer an opinion on. Ripple had a former Fed chairman as guest speaker which is about as tonedeaf as it gets in crypto.  

Monero is the true dark market coin and to my knowledge completely untraceable.  Once I get back in I plan on going 40% BCH, 30% ETH, 30% XMR for the foreseeable future.  All very strong marketcaps with very different use cases.  

The t0 ico by the Overstock CEO looks pretty cool too: https://tzero.com/
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:blackdot:

 
What is everyone's goal here? Long term, short term, day trade, buy and hold, what? Curious to know because I've already goofed by getting cute and getting rid of my Ether in exchange for minor coins (looking at you Ripple and BAT). Wondering if putting more money in might "help" or use the same money in other investments instead?

 
We should start up a fantasycoin that can be traded for fantasy winnings.

I think with a few more posts talking about it, we can get a $1 billion valuation in a few weeks.

 
ren hoek said:
Just wanted to post this here.  I think the safest play going forward is having a portfolio that is majority smart, long-term holds and the rest experimental high-risk stuff.  

To that end, Bitcoin Cash is the reserve currency and Ethereum is like the digital oil that decentralized computation will run on.  The tides will turn quicker than you think.  I foresee 10k BCH this year.  I can also see Bitcoin's marketcap flying into Ethereum.  I liked XMR as a dark market currency but I'm a little weary of it given Ricardo Spagnoni's (xmr developer) close ties to blockstream.  BCH will have BitPay support very soon, probably as soon as they adapt a new address format (to avoid lost funds between BCH/BTC addresses) on Jan 14th.  People really underestimate how important this is.  Users and merchants will be using BCH as the transactional currency.  So you want to hold things with real, functioning products (BCH/ETH) that people are actually using.  There's a lot of money to be made daytrading all the ####coins but I'm not really cut out for all that. 

Think of the currency valuations as being on a scale of value relative to their all-time high price.  So BCH at $2,500 (vs. ~4000 ATH) is relatively more valuable right now than ETH at $1082 (literally ATH I believe). Buy whatever's trading lower relative to its peak prices imo.  They're both solid holds.  

The last thing I like about Bitcoin Cash is how true it stays to Bitcoin's model.  A deflationary currency capped at 21M units, no mistake that it's targeting the $money usecase.  

Me personally, an ideal portfolio probably looks like this:

40% BCH 

40% ETH

10% BAT

10% whatever you like.  

I'm not sure how good of a price $.75 is for BAT, you might be better off buying another promising alt lower, like XLM (IBM / powering the FairX exchange coming very soon) or something.  

As always, I could be dead wrong and the whole market can turn on a dime but I'd feel extremely comfortable holding all of these long-term.  We are going to make it.  
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I like your list.  Here's what I'm holding.

TICKER        # Coins

BAT              695.00000000

BNB             9.87749762

ETH             22.00000000

NEO            8.40000000

VEN            135.00000000

 
eoMMan said:
Oh my, blood bath today.
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Reading that coin market cap removed some korean exchanges from their calculation in which their price was generally ~20% higher and so things corrected downward causing some sell offs. I don't think it's a big deal long term.

 
Mario Kart said:
What is everyone's goal here? Long term, short term, day trade, buy and hold, what? Curious to know because I've already goofed by getting cute and getting rid of my Ether in exchange for minor coins (looking at you Ripple and BAT). Wondering if putting more money in might "help" or use the same money in other investments instead?
Click to expand...


My goal is to go big or go broke. I already have maxed out retirement savings accounts for my wife and I, and she has a great pension. Our broker says we are well above pace for all our retirement goals we set for ourselves.

When I got laid off in early 2017 my employer wrote me a big "go away" cheque. I'm using 1/3 of that to try and drop my retirement age by a decade. If I lose everything I'll be disappointed but not because I'll have lost my original investment but more so because of the lost opportunity.

So I'm aiming to try and reach atleast $500k but hoping for more like $1M. It'll be hard after reaching 500k to not pull it out and give it to my broker to invest conservatively though.

For now I'm building a portfolio that consists of 75% coins that are thought to be very solid and strong long term holds. Like IOTA and Icon. And then 25% goes into chasing whatever coin sounds like it might pop by 50-100% in a couple days.

So far I'd be sitting on a 200% profit if I had left my initial BTC and ETH purchases alone. Instead I'm sitting on a 500% profit by moving into altcoins.

 
ETH barely moving during the flash crash. Maybe I’m high but I’m calling my shot: ETH #1 market cap by end of 2018; 3k/coin

 
JerseyToughGuys said:
Can you unpack this? Why is ETH the preferred way to fund ICOs?
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Because it was the first way. Others are also coming into the space. RaiBlocks, Dragonchain, I think there is a few others. So competition is on the way. Just happens ETH is a fairly established platform at this point and unlike BTC it has the authority to adapt and overcome issues it may encounter.

 
Im surprised uphold taking credit cards isn't a bigger deal.  From the email it seems that funds will clear instantly once you are a verified user.  That takes out about 5 days of not being able to trade and a lot of peoples concerns of getting stuck holding the bag.  Could this cause a run up for something like BAT now?

 
ren hoek said:
What's the best rewards card for us to get free #### on?  
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If you travel a lot, I think the Chase Sapphire is pretty awesome. That's the one I have now. I'm planning to travel more going forward given my newly found crypto riches.

 
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