Cryptocurrencies

Discussion in 'Yellow Pages' started by Cassetti's Beard, Jun 2, 2016.

  1. reids

    reids First Team

    There's so many projects I want to invest in but I'm so cautious at the same time. I hate spending my eth supply as it's relatively stable and has the potential to rise in value an absurd amount. I've just worked out my portfolio (in terms of £) and it is currently spread like this:

    69.75% - Eth
    15.82% - DICE
    4.1% - Matrix AI
    3.32% - REQ
    2.78% - Holo
    1.65% - Envion
    1.1% - NEO
    0.79% ELF
    0.27% - LISK
    0.21% - ARK
    0.09% - Monero

    Really feel like spreading that out a lot more could pay off (particularly into XMR, NEO, Holo and REQ), but is at the same time pretty risky.
     
  2. wfcmoog

    wfcmoog Tinpot

    Pretty stable is the clue.

    Holo and Req are nice little coins which could go 100x or more, but they could easily go to zero. Just because the idea and tech is great, maybe the marketing isn't. The team behind Holo, for example seem completely non-commercially minded and that could meant that they never get onto big exchanges and never reach mass market.

    In my first forays into Crypto I was always after the 100x coins, and they're around, of course, but there are hundreds of others which won't ever do anything.

    Eth is so solid that even if tomorrow it was proven that it no longer worked and was utterly useless, there would still be people buying the dip as it dived, so you'd be able to get out at some level and get some money back.

    I'm not so sure NEO has that far to go. The whole early furore about the coin was that it could become THE chinese Ethereum, but it's still never adopted that position. In the meantime, there are more alternatives arriving every week which look potentially better (VEN) and mean that maybe it's missed its chance to really fly.

    XMR is probably nearly as solid as BTC or ETH. It's cornered the privacy market and no matter which deals Verge signs with Pornhub, XMR is still the one being used for all the dark web drug trade.
     
  3. Arakel

    Arakel First Team

    I'm in an ICO pool community that sometimes gets contests run by the ICO owners. They run quizzes for us and the winners get 1 ETH worth of the ICO's coin when it launches (usually five winners).

    Strictly speaking it's not 1 ETH - it could be worth less and it could be worth more, depending on how much the tokens go for on the exchanges. Either way, I ain't complaining!

    Closed community, unfortunately, or I'd give you the link. If you're interested I can let you know if/when they open up membership again.

    My recent win was for Open Collector's Network, which is highly rated by ICO rating sites, so might be a huge earner if it runs on exchange listing.
     
    wfcmoog likes this.
  4. Arakel

    Arakel First Team

    Found a pretty decent looking airdrop that should be worth about $100 USD (token sale is 0.80 to 1.50 USD depending on when the person buys in).

    Details:

    1. Register your account at this link: https://ico.let.bet/register?affiliate=360361
    2. Verify your account (check your email box).
    3. Sign into your LetBet account and click "Wallet", then "Deposit LBT". You should see your LBT wallet ID - copy it to clipboard, you will need it!
    4. Join their telegram group at https://t.me/letbet_airdrop
    5. Open a session with their bot: https://t.me.letbetbot/
    6. After the bot window opens, click "start" then type "airdrop" (don't wait for confirmation text after opening the chat session, it doesn't have any).
    7. Enter the email address used to sign up on their website.
    8. Enter your wallet address gained from step 3.

    Assuming you have Telegram, it takes about 2 mins to complete all of this. Should be easy money.
     
    wfcmoog likes this.
  5. wfcmoog

    wfcmoog Tinpot

    @Arakel done that, so let's see what happens.

    I do get messages about these airdrops all the time but have been sceptical so now I'll keep an open mind.

    Thanks both you and Reids. This thread has been very interesting this week.
     
  6. Arakel

    Arakel First Team

    That's how I look at it - if it comes off, great. If not, wasn't banking on it. If the sign up is short, I do it...worst case scenario I've lost 2 minutes.

    There are lots of legit airdrops, though. For example, Binance did one for ONT a while back, ended up being worth over $1,000 in the end because ONT did so well! Oyster Pearl did one that ended up being worth about $400.

    Sadly, I missed both of those.
     
    wfcmoog likes this.
  7. Arakel

    Arakel First Team

    The SEC is ruling on Ethereum tomorrow, as to whether or not it is a security.

    If it deems ETH to be a utility token, as is being predicted, I expect some pretty big gains.
     
  8. wfcmoog

    wfcmoog Tinpot

    Hotbit has listed Holo so I moved from IDex (trading has been suspended for like a week now) and traded on there. Volumes are not huge, but big enough to make moderate gains. I'm trading with 25% of my bag. The swings are huge, but I'm sticking to moderate profits.
     
  9. LPC213

    LPC213 Reservist

    Interested in Holochain @reids but there seem to be a few variations - Delta app has a HOT*/ETH trading pair, but others (e.g OKEx) have HOT/ETH listed as "Hydro Protocol"...

    What's the deal there?
     
  10. Arakel

    Arakel First Team

    Turns out this was fake news - SEC meeting didn't have anything to do with this.
     
  11. reids

    reids First Team

    Not sure, the HOT* pair on idex is the correct one though! (named Holochain token). I've seen it before where a token has the same initials and there's not an easy fix (other than people not naming their tokens the same as existing ones!)
     
    LPC213 likes this.
  12. LPC213

    LPC213 Reservist

    Thanks!
     
  13. wfcmoog

    wfcmoog Tinpot

    The pair on HotBit is also correct. BTC and ETH pairs.
     
  14. Arakel

    Arakel First Team

    Lightstreams looks like one of the new hot ICOs and I managed to get into it early. Fingers crossed it performs as expected... :)
     
    wfcmoog likes this.
  15. wfcmoog

    wfcmoog Tinpot

    I got my tokens. Worth about a tenner according to their internal exchange. No withdrawal available so stuck them all on watford to win on Saturday at 15s.
     
  16. Arakel

    Arakel First Team

    Interesting it came back so low compared to their ico prices. Easy money if we win though, but now you have to root for Gray. ;)
     
  17. wfcmoog

    wfcmoog Tinpot

    I wonder if that's simply a reflection of the airdrop people, rushing to dump their freebies for ETH.

    I'd be pretty pissed off if I bought at ICO prices, though, but in general, I think 90% of ICOs hit real exchanges at a lower price than they were sold for during the launch. That's why I tend to steer clear. I think that the ICOs are an arbitrary valuation of the token/coin, whilst the market has so many variables which will eventually define what people will actually pay for them.
     
  18. wfcmoog

    wfcmoog Tinpot

  19. Hornet4ever

    Hornet4ever WFC Forums Last Man Standing Winner 2018/2019

  20. The more I see the more I believe that this is a cult. Sure there are a few cynically playing the market to cash in while the going is good, but objectively there is just nothing behind it all. Furious claims that the new blockchain technology justifies the $300bn market cap strike me as pure cognitive dissonance.
     
  21. wfcmoog

    wfcmoog Tinpot

    [​IMG]
     
    Ghost of Barry Endean likes this.
  22. jw-

    jw- Reservist

    From the culture and community that brought you this:

    [​IMG]
     
  23. Relegation Certs

    Relegation Certs Squad Player

    There's still money to be made though. Takes some effort mind.
     
  24. BigRossLittleRoss

    BigRossLittleRoss First Team

    I’m in a ICO pool that has just bought Lightstreams . It was a 10 ETH minimum per person so we got a good discount .

    Only trouble with ICOs in bear market is most of them die on their @ss.

    Although Lightstreams looks very promising .
     
    Arakel likes this.
  25. BigRossLittleRoss

    BigRossLittleRoss First Team

    Coinbase is probably the worst way to exchange fiat into crypto because

    1- Highest fees I think 3%
    2- Won’t accept GBP so you have to pay poor Fx fees to convert into USD or EUR

    By far the best way is to use LBX who are London based so you can buy with GBP deposited direct from your account . They trade fiat pairs with BTC, ETH And XRP. They also will do OTC if you investing a decent amount .

    I’d buy XRP or ETH (lowest fees and fastest to transfer to exchange , BTC is slow and expensive to transfer ).

    Transfer to an exchange to trade for other cryptos. Binance is the probably the best for wide range of pairings and low fees . Although they got hacked a while back they are now one of the safest . Their customer service is average but the CEO said at Deconomy recently that they are spending big on customer services now . Binance made 1 billion last year !

    Good luck . I’d avoid trading too much. You WILL lose money . We ve all done it

    Better to do your research , average your way in and hodl. Back your own research .

    Avoid twitter , most Reddit’s and try and read well written articles . Medium is a good resource for that . Read books by Burniske, Antopolous And Hosp.

    Watch Youtube videos of blockchain expos . Many of them are sh1t but some are very informative , you ll soon learn which.

    I would sit tight at the moment . The market could well drop a lot more . It may not , and this maybe the bottom. But if it rises I don’t think it will a surge . Gentle rise and then bull run when every one feels confident again. The last bear market lasted 2014 and then slowly rose from Q3 2015 into 2016 before crazy 2017 bull runs. However this is crypto so it may double over the next 7 days but I don’t think so .
     
    Last edited: Jul 13, 2018
  26. BigRossLittleRoss

    BigRossLittleRoss First Team

    I’d throughly recommend an online course by Ivan on Tech . He is one the best YT commentators . Course is couple hundred bucks but will pay itself back many times over .
     
  27. BigRossLittleRoss

    BigRossLittleRoss First Team

    Hope you guys have been stocking up on your XRP!
     
  28. Jumbolina

    Jumbolina First Team

    All the hype mugs are bust so probably not.
     
    wfcmoog likes this.
  29. wfcmoog

    wfcmoog Tinpot

    I'd be shorting the **** out of xrp right now if I were a serious trader. It's gonna go right back down.
     
  30. BigRossLittleRoss

    BigRossLittleRoss First Team

    Its converging on an ascending triangle, which means it will break out soon (between now and next 7 days prob).

    However no one knows which way, historically these patterns can break either way, which is why any serious trader would be sitting and waiting with stop limit buy and sells to cover a big move in either direction.
     
  31. wfcmoog

    wfcmoog Tinpot

    Let's revisit in a month. Xrp is a hype coin and the pricing reflects that
     
  32. BigRossLittleRoss

    BigRossLittleRoss First Team

    Always pays to be careful Moog. Be agnostic in your investments and listen to experts....of which neither of us could be described as.

    But if you note the declining volumes over past weeks ( on all the main assets) it is clear that most people are sitting back to see which way the market breaks. The only people who are trading are short to very short term traders of small price movements.
     
  33. wfcmoog

    wfcmoog Tinpot

    Of course. I'm just shooting my mouth off on social media, like 99% of crypto people
     
  34. Hornet4ever

    Hornet4ever WFC Forums Last Man Standing Winner 2018/2019

    Isn't this whole Crypto/blockchain market slowly dying out now, no governments supporting & no real use to the average man on the street. You can feel the initial buzz has gone.

    Lots of new ICO's which seem to be issued based on purely conceptual ideas & as Moog says hyped coin/s. Glossy brochures but that's about it.

    Now it just seems to be trading a chart for trading sake alone or can someone tell me where that thinking is flawed? Just feels a bit like the .com bubble in the early 00's where ideas could be priced at crazy values with little fundamentals attached.
     
  35. BigRossLittleRoss

    BigRossLittleRoss First Team

    Totally agree. In that bubble 95% companies vanished. However in that remaining 5% were companies like Amazon, Google, Netflix etc.

    Innovation , at least in the capitalist system, needs bubbles to fund innovation. Without bubbles we wouldnt have trains, internet and everthing in between.
     
    wfcmoog likes this.

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