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Ren's old crypto thread || we know how to buy this stuff now (2 Viewers)

Blockport

What do you guys think about this? A new exchange where you hold the keys to your own crypto, not the exchange. Seems appealing.

And they have a coin like BNB from Binance that cuts the transaction fees. BPT

 
ren hoek said:
https://twitter.com/coindesk/status/957381065190133767

Tether situation not going away.  Deafening silence from Bitfinex/Tether.  
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The tether thing is very concerning to me. I don't think it's an issue of "if" it blows up- it's "when" it blows up. I think when it does happen- it could create an opportunity for buyers to get into solid cryptos at great levels. I expect  the initial panic to shake up the entire crypto market temporarily when it does go down.

 
jvdesigns2002 said:
The tether thing is very concerning to me. I don't think it's an issue of "if" it blows up- it's "when" it blows up. I think when it does happen- it could create an opportunity for buyers to get into solid cryptos at great levels. I expect  the initial panic to shake up the entire crypto market temporarily when it does go down.
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I wonder how much smart money is banking on this.  Probably a lot.  I figure the best time to go in is when we know for sure what's going to happen to BitFinex.  If they go down with Tether and other USDT exchanges (Kraken etc.) there will probably be a good-sized panic to capitalize on.  

https://dwq4do82y8xi7.cloudfront.net/widgetembed/?symbol=KRAKEN%3AUSDTUSD&interval=D&symboledit=1&toolbarbg=f1f3f6&hideideas=1&studies=&theme=White&style=1&timezone=exchange

Lot of downward sell pressure on Tether right now.  I don't remember seeing it hover around 98 cents for this long.  Some have forecasted a return to 4k for bitcoin, some have forecasted 8k as the mean.  No telling how this would impact prices.  I think it'd fall somewhere in the middle, depending on how big of a panic it causes and what type of government response it leads to.  Tether situation isn't a secret, tons of money looking for a good buying opportunity.  

Me personally, I'm 64% out of crypto markets and 36% in.  As opposed to 30/70 a few days ago.  If I let this bullmarket pass me by without realizing a sizable percent of the gains I would never forgive myself.  I thought I'd hate leaving the market even a little bit but it's been a huge relief.  BAT and XLM are a couple bluechips I'm holding and really just sitting this one out til the dust settles on this stuff.  Just making deposits to GDAX so I can pull the trigger when things look clear again.  I'm ok with starting over.  

 
If Bitconnect died without the market collapsing why do you think Tether will bring it down?

I'm mean it's literally a place you hide your money when you think that crypto's are bearish. Who cares if all those bears lose their investments. :)

 
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SkyRattlers said:
If Bitconnect died without the market collapsing why do you think Tether will bring it down?
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Bitconnect was a boldfaced ponzi scheme that only complete fools put money into.  1% returns every day?    

Tether printing has manipulated prices in a very subtle way.  They've spent more energy antagonizing people that questioned it (bitfinexed), rather than simply coming through with an audit of their finances, which has never happened before. 

http://www.tetherreport.com/

https://news.bitcoin.com/dr-doom-professor-nouriel-roubini-calls-stablecoin-tether-a-scam/

I don't mean to be the fud guy but I think this is a real problem.  It's actually good for crypto markets.  There may be some short term consequences but growth needs to happen organically, not through imaginary 1:1 token printing.  

 
Does anyone know of a resource that identifies when coins will be made available on other exchanges?

For example, you can buy ARY on etherdelta right now.  Like Hags, I can see some value in it, but I don't think it realizes it until it reaches exchange(s) with more volume. 

 
Bob Sacamano said:
Does anyone know of a resource that identifies when coins will be made available on other exchanges?

For example, you can buy ARY on etherdelta right now.  Like Hags, I can see some value in it, but I don't think it realizes it until it reaches exchange(s) with more volume. 
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I think it's done mostly piecemeal and a lot of times you tend not to know they will be added to an exchange until they suddenly show up on one.

If you have a coin in mind, I would suggest subscribing to their Reddit/Telegram/Emails and be on the lookout. BitClave, for example, sent out an email asking people to sign up to Bit-Z and vote for them to added (and receive some BitClave as a thank you.) WAX, as another example, suddenly showed up on HitBTC the other day and I only found out because someone posted on their reddit. 

 
Plorfu said:
I think it's done mostly piecemeal and a lot of times you tend not to know they will be added to an exchange until they suddenly show up on one.

If you have a coin in mind, I would suggest subscribing to their Reddit/Telegram/Emails and be on the lookout. BitClave, for example, sent out an email asking people to sign up to Bit-Z and vote for them to added (and receive some BitClave as a thank you.) WAX, as another example, suddenly showed up on HitBTC the other day and I only found out because someone posted on their reddit. 
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Yeah, pretty much this.  If you think a coin is valuable enough, sometimes it's worth it to jump through the hoops to get it on the little exchange before it makes it to the big guys.  

That's why it's generally the easiest to keep a usd deposit loaded on GDAX, pull the trigger on a market order for some ETH, deposit it on the other exchange and trade it for whatever coin you're looking for.  Right now it's pretty arduous to get from point a to point b, but I don't think it'll be that way forever.  

I'm hopeful that FairX will make things a little more fluid instead of having to sort through 47 different exchanges for each coin you want.  

 
Had a friend mention this to me this weekend and that he told his wife they needed to invest $20k in it over a year ago and she shot it down......apparently they would be retired right now if they did? I have no understanding of this but assume I missed the boat. 

 
Kanil said:
Sold 7 lite to a friend when it was at 288 (really just sold him a stake of 7 of my coins since he didn't want to actually get into it).  Got my 2k back so I'm guaranteed to not lose money.  I secretly hope it all crashes to 0 just so I can call him a loser.
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Looking more and more like busto rather than eff you $$$.

 
GoBirds said:
Had a friend mention this to me this weekend and that he told his wife they needed to invest $20k in it over a year ago and she shot it down......apparently they would be retired right now if they did? I have no understanding of this but assume I missed the boat. 
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It's not too late but you must understand that investing in crypto is only done with the understanding that you could lose your entire investment. If you are ok with that then pick a solid coin that you like and drop some money in. Come back in a year to see where it is.

 
The crypto currency  market is going to be stale for a while.  Ethereum will over take Bitcoin in the near term.  But better options are out there for longer term.   Until there is a clear market and a clear path to growth for widespread use, I don't think there will be another speculative run.   But it will happen, just not this year, imho.     

 
I bought more ICX yesterday when it dipped down to just below $8. And I bought more just now that it's dipped below $6. It's going to be a sweet ride back up. There is no reason for this coin to have been pushed down further than all the others. 

Over the last 24 hours most coins are down between 7-13%....Icon is down 23% for some reason. I wish I had more to dump into it.

 
SkyRattlers said:
I bought more ICX yesterday when it dipped down to just below $8. And I bought more just now that it's dipped below $6. It's going to be a sweet ride back up. There is no reason for this coin to have been pushed down further than all the others. 

Over the last 24 hours most coins are down between 7-13%....Icon is down 23% for some reason. I wish I had more to dump into it.
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Like being at a card table, just keep doubling your bet and at some point you’ll be even.

 
Park your money in ETH or even USDT if you wish and wait this out.   The bears are going to be eating for a while. 

 
lumpy19 said:
Btc +800% in the past year

Eth +9000% in the past year

Ltc +3000% in the past year

Godspeed to your family in these tough times
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Why do you assume everybody bought at the best time. A lot of people (hopefully not here) bought Bitcoin at 17-19k. 

 
Capella said:
Why do you assume everybody bought at the best time. A lot of people (hopefully not here) bought Bitcoin at 17-19k. 
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I recall a poster saying "I can't believe I'm getting to buy Bitcoin under $14k" - Don't remember who it was though.

With that being said, I'd expect some short covering in the futs market and a bounce soon.

 
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Capella said:
Why do you assume everybody bought at the best time. A lot of people (hopefully not here) bought Bitcoin at 17-19k. 
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Because I like making fun of @Peyton Marino

Also no one should be day trading this stuff, you'll get murdered by fees so it's important to look at the bigger picture.

Those numbers would be more ridiculous if I had posted a month ago.

 
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fantasycurse42 said:
I recall a poster saying "I can't believe I'm getting to buy Bitcoin under $14k" - Don't remember who it was though.

With that being said, I'd expect some short covering in the futs market and a bounce soon.
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I think iluvbeer called the sub-15k dip.  I believe you called the sub-12.5k dip.  

 
I would be worried that this move is on half the volume of the last move downward of this size. Thin volume obviously can mean a lot of things so who knows. 

Tbh I only look at gdax so if their volume is not indicative of the market I'm sorry. 

 
culdeus said:
I would be worried that this move is on half the volume of the last move downward of this size. Thin volume obviously can mean a lot of things so who knows. 

Tbh I only look at gdax so if their volume is not indicative of the market I'm sorry. 
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Less volume = more whales cashing out?

 
culdeus said:
I would be worried that this move is on half the volume of the last move downward of this size. Thin volume obviously can mean a lot of things so who knows. 

Tbh I only look at gdax so if their volume is not indicative of the market I'm sorry. 
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Are you saying the bulls should be worried? Typically a low volume pullback is less concerning than a high volume one. 

 
Rhythmdoctor said:
Are you saying the bulls should be worried? Typically a low volume pullback is less concerning than a high volume one. 
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I would be a bit worried as a short term trader.  Thin ADTV on a big move could mean huge volatility and that can breed panic selling.  For long term traders it's fairly meaningless in general.  

 
Where do we think the bottom is?  

I don't think we can hit a real rock bottom til the tether thing sorts out.  

 
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