haz Posted December 14, 2017 Report Share Posted December 14, 2017 37 minutes ago, malloy said: The fact it is controlled by the banks is precisely why it is going to be successful (if any crypto is going to be successful at all). It is essentially a proxy for investing in Ripple Inc. Other than this one I would be stearing clear of nearly all cryptos Its interesting your thoughts on that as is the opposite of 90% of people trading crypto think about the purpose of coins. I think you should stick to regular stock trading. But I do agree, there is only a very small number of crypto I would invest in considering there is 1000s Quote Link to comment Share on other sites More sharing options...
HeartFc Posted December 14, 2017 Report Share Posted December 14, 2017 Hrmm interesting. Ill do some research and have a little flutter at a couple. How do I jump on ARDR? Quote Link to comment Share on other sites More sharing options...
malloy Posted December 14, 2017 Report Share Posted December 14, 2017 29 minutes ago, haz said: Its interesting your thoughts on that as is the opposite of 90% of people trading crypto think about the purpose of coins. I think you should stick to regular stock trading. But I do agree, there is only a very small number of crypto I would invest in considering there is 1000s There is only one thing valuable about cryptocurrencies and that is the underlying technology which can easily be replicated (this means essentially the intrinsic value of a currency is $0). The technology itself is quite probably the way of the future, but be damned if financial institutions (banks, investment banks and central banks) are gonna let it be anything othee than something they can control or regulate. Normal ppl couldn't give a fuck about cryptos being decentralised and the majority of people jumping on board are doing so purely out of greed and are getting involved in potentially tge biggest bubble known to man. Imo the biggest mistake made by traders is that thinking this is different to anything else before. Sure some might make some money on the way up and they will think they are investor/trader geniuses despite it purely being luck that the music didn't stop whilst they were holding coins. Cos when the music stops shit is gonna hit the fan and people are gonna lose a shitload of money. You have already seen how quickly prices crash when there is a small amount of fear and how exchanges struggle to cope with above normal trading. 3 Quote Link to comment Share on other sites More sharing options...
haz Posted December 14, 2017 Report Share Posted December 14, 2017 (edited) 19 minutes ago, malloy said: There is only one thing valuable about cryptocurrencies and that is the underlying technology which can easily be replicated (this means essentially the intrinsic value of a currency is $0). The technology itself is quite probably the way of the future, but be damned if financial institutions (banks, investment banks and central banks) are gonna let it be anything othee than something they can control or regulate. Normal ppl couldn't give a fuck about cryptos being decentralised and the majority of people jumping on board are doing so purely out of greed and are getting involved in potentially tge biggest bubble known to man. Imo the biggest mistake made by traders is that thinking this is different to anything else before. Sure some might make some money on the way up and they will think they are investor/trader geniuses despite it purely being luck that the music didn't stop whilst they were holding coins. Cos when the music stops shit is gonna hit the fan and people are gonna lose a shitload of money. You have already seen how quickly prices crash when there is a small amount of fear and how exchanges struggle to cope with above normal trading. Great argument. I agree with the points about the banks wanting a slice of the pie, imo there are no 'Experts' in crypto, just people who have been doing it longer. And yea I am preparing for it to hit the fan. 39 minutes ago, HeartFc said: Hrmm interesting. Ill do some research and have a little flutter at a couple. How do I jump on ARDR? Trade it on Bittrex, send it to the offical NXT Wallet before Dec 28. You wont be able to trade it between Dec 28 and Jan 1 while the Main Net launches. But I think you would be a little late to Ardor, I am not sure if it will drop or gain after Jan 1. I suspect a large volume of NXT profits will be moved to Ardor. I got in on Ardor at $0.2 so im happy to hold it no matter what happens. Edited December 14, 2017 by haz 1 Quote Link to comment Share on other sites More sharing options...
bt50 Posted December 14, 2017 Report Share Posted December 14, 2017 57 minutes ago, malloy said: There is only one thing valuable about cryptocurrencies and that is the underlying technology which can easily be replicated (this means essentially the intrinsic value of a currency is $0). The technology itself is quite probably the way of the future, but be damned if financial institutions (banks, investment banks and central banks) are gonna let it be anything othee than something they can control or regulate. Normal ppl couldn't give a fuck about cryptos being decentralised and the majority of people jumping on board are doing so purely out of greed and are getting involved in potentially tge biggest bubble known to man. Imo the biggest mistake made by traders is that thinking this is different to anything else before. Sure some might make some money on the way up and they will think they are investor/trader geniuses despite it purely being luck that the music didn't stop whilst they were holding coins. Cos when the music stops shit is gonna hit the fan and people are gonna lose a shitload of money. You have already seen how quickly prices crash when there is a small amount of fear and how exchanges struggle to cope with above normal trading. Just stick to stocks mate. 3 Quote Link to comment Share on other sites More sharing options...
Tesla Posted December 14, 2017 Report Share Posted December 14, 2017 Seriously how aren't the same regulations that apply to gambling applicable to crypto? 1 Quote Link to comment Share on other sites More sharing options...
strider Posted December 14, 2017 Report Share Posted December 14, 2017 rari soon Quote Link to comment Share on other sites More sharing options...
HeartFc Posted January 11, 2018 Report Share Posted January 11, 2018 (edited) Crypto took an absolute beating this week. BTC, Ripple, Litecoin, Tron and few other dropping anywhere between 10% to 35%. might be a great time to load up... Edited January 11, 2018 by HeartFc Quote Link to comment Share on other sites More sharing options...
malloy Posted January 11, 2018 Report Share Posted January 11, 2018 21 minutes ago, HeartFc said: Crypto took an absolute beating this week. BTC, Ripple, Litecoin, Tron and few other dropping anywhere between 10% to 35%. might be a great time to load up... At one point today only 3 of the top 100 Cryptos were in the green compared to the previous days close. Quote Link to comment Share on other sites More sharing options...
haz Posted January 11, 2018 Report Share Posted January 11, 2018 1 hour ago, HeartFc said: Crypto took an absolute beating this week. BTC, Ripple, Litecoin, Tron and few other dropping anywhere between 10% to 35%. might be a great time to load up... 51 minutes ago, malloy said: At one point today only 3 of the top 100 Cryptos were in the green compared to the previous days close. Considering everything went up 10% to 35% over the last two weeks its no surpise to see it going back down anyway. Just a typical week Quote Link to comment Share on other sites More sharing options...
malloy Posted January 11, 2018 Report Share Posted January 11, 2018 16 minutes ago, haz said: Considering everything went up 10% to 35% over the last two weeks its no surpise to see it going back down anyway. Just a typical week Wouldn't say it was a 'typical' week just because of the news that caused the 'crash'. I do get what you are saying though that it is a highly volatile market and these ups and downs do occur quite regularly. Quote Link to comment Share on other sites More sharing options...
haz Posted January 11, 2018 Report Share Posted January 11, 2018 12 minutes ago, malloy said: Wouldn't say it was a 'typical' week just because of the news that caused the 'crash'. I do get what you are saying though that it is a highly volatile market and these ups and downs do occur quite regularly. Doesnt stress me out though. News happens all the time Quote Link to comment Share on other sites More sharing options...
HeartFc Posted January 11, 2018 Report Share Posted January 11, 2018 I've been waiting for this so I'm jumping in. Quote Link to comment Share on other sites More sharing options...
malloy Posted January 11, 2018 Report Share Posted January 11, 2018 1 hour ago, haz said: Doesnt stress me out though. News happens all the time I'm not saying it should, more saying that this sort of news is not part of a typical week in crypto markets. 1 Quote Link to comment Share on other sites More sharing options...
Shahanga Posted January 11, 2018 Report Share Posted January 11, 2018 Interesting. My history of watching boom markets is they get very volatile just before the crash. My tip: lock in profits as you go 1 Quote Link to comment Share on other sites More sharing options...
jw1739 Posted January 11, 2018 Report Share Posted January 11, 2018 Crypto should be in the gambling thread. 5 Quote Link to comment Share on other sites More sharing options...
malloy Posted January 11, 2018 Report Share Posted January 11, 2018 1 hour ago, Shahanga said: Interesting. My history of watching boom markets is they get very volatile just before the crash. My tip: lock in profits as you go Interesting you say that because I read an article the other day saying that most crashes are preceded by low volatility. Quote Link to comment Share on other sites More sharing options...
Begbie Posted January 12, 2018 Report Share Posted January 12, 2018 Is anyone with coinspot? What are your thoughts about banks freezing transactions? Quote Link to comment Share on other sites More sharing options...
malloy Posted January 12, 2018 Report Share Posted January 12, 2018 27 minutes ago, Begbie said: Is anyone with coinspot? What are your thoughts about banks freezing transactions? From my understanding banks were freezing accounts that were using POLI to deposit cash. Seems that if you are using BPAY it should be fine. Quote Link to comment Share on other sites More sharing options...
haz Posted January 12, 2018 Report Share Posted January 12, 2018 1 hour ago, Begbie said: Is anyone with coinspot? What are your thoughts about banks freezing transactions? BTCmarkets has much cheaper fees, but not as many coins Quote Link to comment Share on other sites More sharing options...
Begbie Posted January 12, 2018 Report Share Posted January 12, 2018 7 minutes ago, haz said: BTCmarkets has much cheaper fees, but not as many coins Yep, just made my first deposit.... better late than never...maybe Quote Link to comment Share on other sites More sharing options...
Begbie Posted January 12, 2018 Report Share Posted January 12, 2018 On 09/11/2016 at 8:10 PM, strider said: My btc went up, ezgame ezlife How did this turn out for you? 1 Quote Link to comment Share on other sites More sharing options...
HeartFc Posted January 12, 2018 Report Share Posted January 12, 2018 Ethereum looking the goods and Bitcoin may never drop like this again. Quote Link to comment Share on other sites More sharing options...
haz Posted January 12, 2018 Report Share Posted January 12, 2018 1 hour ago, HeartFc said: Ethereum looking the goods and Bitcoin may never drop like this again. XRB will blow them both out of the water, far superior technology. Too bad I dont own any FML Quote Link to comment Share on other sites More sharing options...
HeartFc Posted January 12, 2018 Report Share Posted January 12, 2018 Ye I did some research on RaiBlocks, sounds pretty good even though I'm a noob. Dipped this week too but not enough for me to move on it. Thoughts on SALT, LEND, OMG, QSP, NAV, ADA, LTC, TRON, XLM, IOTA, EOS ??? 1 Quote Link to comment Share on other sites More sharing options...
haz Posted January 12, 2018 Report Share Posted January 12, 2018 2 minutes ago, HeartFc said: Ye I did some research on RaiBlocks, sounds pretty good even though I'm a noob. Dipped this week too but not enough for me to move on it. Thoughts on SALT, LEND, OMG, QSP, NAV, ADA, LTC, TRON, XLM, IOTA, EOS ??? Im no expert, but from general knowleadge -Avoid ADA, TRON, EOS they have no product, just 'Vapourware'. Perfect examples of the current crypto bubble, 3 companies with no product but multi-billion caps. -LTC and IOTA are the only ones that are solid companies IOTA in particular. -I dont have much knowledge about the others, but none have stood out to me. In comparison my main holdings are -NEO (since July) -ARDR (since August) -MOD (Since November/December) -ACC (Since December), this is my long shot, could turn out really good for me, or really bad) 1 Quote Link to comment Share on other sites More sharing options...
HeartFc Posted January 12, 2018 Report Share Posted January 12, 2018 Nice work on NEO and ARDR, hope you have a decent stake. I'm just gonna stick to BTC, ETH, LTC for now and might have a ping at SALT, LEND and QSP soon. Shame Brittex doesnt trade IOTA, I want it. 1 Quote Link to comment Share on other sites More sharing options...
haz Posted January 12, 2018 Report Share Posted January 12, 2018 (edited) 2 minutes ago, HeartFc said: Nice work on NEO and ARDR, hope you have a decent stake. I'm just gonna stick to BTC, ETH, LTC for now and might have a ping at SALT, LEND and QSP soon. Shame Brittex doesnt trade IOTA, I want it. As much as I could on Uni student wage. If something is not on Bittrex it should be on Binance which IMO is the best exchange. Check which places have IOTA here. https://coinmarketcap.com/currencies/iota/#markets Edited January 12, 2018 by haz Quote Link to comment Share on other sites More sharing options...
HeartFc Posted January 12, 2018 Report Share Posted January 12, 2018 (edited) Cheers, I'll reg with Binance. EDIT: You got reference link you want to pass on to get yourself a couple bucks? Edited January 12, 2018 by HeartFc Quote Link to comment Share on other sites More sharing options...
haz Posted January 12, 2018 Report Share Posted January 12, 2018 (edited) 11 minutes ago, HeartFc said: Cheers, I'll reg with Binance. EDIT: You got reference link you want to pass on to get yourself a couple bucks? Nope. I should probaly get one though haha Edited January 12, 2018 by haz Quote Link to comment Share on other sites More sharing options...
haz Posted January 12, 2018 Report Share Posted January 12, 2018 @HeartFc Just made a link then https://www.binance.com/?ref=10139330 If anyone else wants to sign up to Binance use that link. It will pay my Uni Lunches 1 Quote Link to comment Share on other sites More sharing options...
HeartFc Posted January 12, 2018 Report Share Posted January 12, 2018 Ok done! Enjoy your dim sims. Quote Link to comment Share on other sites More sharing options...
haz Posted January 12, 2018 Report Share Posted January 12, 2018 Just now, HeartFc said: Ok done! Enjoy your dim sims. Cheers mate. TBH didnt even know what the Binance referal system was, have seen lots of Youtubers and Twitter profiles provide theirs (btw all those people are wankers and pumpers) , they must make $1000s weekly. Quote Link to comment Share on other sites More sharing options...
HeartFc Posted January 12, 2018 Report Share Posted January 12, 2018 Yep 90% of those tossers are obvious pump and dumpers. Plenty of Reddit threads exposing the filth. I've only found 2/3 out of about 50 who are legit crypto nerds who discuss tech, market caps etc etc. Quote Link to comment Share on other sites More sharing options...
strider Posted January 12, 2018 Report Share Posted January 12, 2018 bnb ven tron big hodl sold my btc as it started to dip xrp shitcoin eth, neo kings Quote Link to comment Share on other sites More sharing options...
haz Posted January 12, 2018 Report Share Posted January 12, 2018 6 minutes ago, HeartFc said: Yep 90% of those tossers are obvious pump and dumpers. Plenty of Reddit threads exposing the filth. I've only found 2/3 out of about 50 who are legit crypto nerds who discuss tech, market caps etc etc. Sounds amateur but I use Reddit /r/cryptocurrency as my first line of research can really separate decent coins from shit/scam ones. Then I do my own research afterwards. Pretty bummed I missed out on IOTA and XRB, just didnt have any spare money to invest (or gamble @jw1739 ). For what its worth, I dont day trade, I just buy and hold for 12 months (due to tax) and see where im at then. Only thing I have sold is my GAS generated from my NEO, which I just buy ETH with so I can afford the transaction fees when I stake my ACC coins. @Tesla I bet youre loving all this talk, just like your neighbors aye Quote Link to comment Share on other sites More sharing options...
Tesla Posted January 13, 2018 Report Share Posted January 13, 2018 On 12/01/2018 at 10:33 PM, haz said: Sounds amateur but I use Reddit /r/cryptocurrency as my first line of research can really separate decent coins from shit/scam ones. Then I do my own research afterwards. Pretty bummed I missed out on IOTA and XRB, just didnt have any spare money to invest (or gamble @jw1739 ). For what its worth, I dont day trade, I just buy and hold for 12 months (due to tax) and see where im at then. Only thing I have sold is my GAS generated from my NEO, which I just buy ETH with so I can afford the transaction fees when I stake my ACC coins. @Tesla I bet youre loving all this talk, just like your neighbors aye Only annoys me when people say completely stupid shit. Fwiw in theory I think there is solid value in some cryptos and would invest if the price was right but then you see the market caps and it just makes no sense, completely unrealistic in general. Quote Link to comment Share on other sites More sharing options...
haz Posted January 13, 2018 Report Share Posted January 13, 2018 1 hour ago, Tesla said: Only annoys me when people say completely stupid shit. Fwiw in theory I think there is solid value in some cryptos and would invest if the price was right but then you see the market caps and it just makes no sense, completely unrealistic in general. Yea agree. There's some very smart people taking opportunity of the crazyness such as the founder of TRON. Then you have guys like McCafee you are just talking the piss probably earning millions from the sheep. Quote Link to comment Share on other sites More sharing options...
Shahanga Posted January 14, 2018 Report Share Posted January 14, 2018 On 12/01/2018 at 9:20 AM, malloy said: Interesting you say that because I read an article the other day saying that most crashes are preceded by low volatility. That just seems wrong. Would need to see the data behind the conclusion to comment further. i base my view on: my reading about the nickel et al boom in the 70s (Poseidon etc) my knowledge and reading of the 87 crash my memory of the dot com/tech crash (not sure what’s happened for the GFC, was working in a jungle) i have also done a lot of reading of this stuff back when I gave a shit and that supported the volatility story. (Incidentally if you are interested in the history of corporate crashes I recommend Trevor Sykes) Quote Link to comment Share on other sites More sharing options...
malloy Posted January 25, 2018 Report Share Posted January 25, 2018 (edited) http://www.theage.com.au/business/markets/baep-tops-mercer-survey-of-the-best-australian-share-funds-of-2017-20180124-h0np22.html Article in The Age which briefly touches on passive v active portfolio management and points out that last year was a rare year where active had better returns than passive. Just following on from discussions in prior years that has been had on the topic. Edited January 25, 2018 by malloy Quote Link to comment Share on other sites More sharing options...
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