Crypto Currency Thread
Discussion
Behemoth said:
Coinbase is a disaster. They are single handedly responsible for a very large proportion of Bitcoin's transaction time & transaction cost problems. Bitstamp or localbitcoins would be my ports of call if I was entering the market today.
Agree, when I transfered bitcoin to Binance I was amazed at the transfer cost and the fact that it took around 5 hours to arrive.stongle said:
Joey Deacon said:
This is because all the investors have a 6th sense of knowing when to buy a coin just before it increases 50% in a day and when to sell before it falls 50% as they have done their research and know which coins are "undervalued"
Still think the majority of people who put money into this in the last 6 weeks will have lost money.
Nonsense. Just because you thought it was free money, doesn't mean others got caught out not doing research. 6 weeks ago ETH was a <$500, now it's @ $1100. Anyone whom got spanked was chasing pumps and not doing research.Still think the majority of people who put money into this in the last 6 weeks will have lost money.
ETH is the 2nd biggest crypto by mkt cap, so struggle with whom this majority is? Unless you mean those buying into XRP?
Joey Deacon said:
I am sure there is a percentage of people who bought ETH and doubled their money. I am sure there is a much bigger percentage of newbies who bought XRP, FUN, XLM and all the other hyped coins and halved their money.
I did both, up on ETH but then lost about 50% of some further money I invested in some alt coins a few months later. What does that make me? 
Joey Deacon said:
I am sure there is a percentage of people who bought ETH and doubled their money. I am sure there is a much bigger percentage of newbies who bought XRP, FUN, XLM and all the other hyped coins and halved their money.
If the bloke down the pub tells you to put your money on trap 2 at Romford dogs on Tuesday night, would you be in a finance forum complaining when it lost?As Public Enemy once said "Don't believe the hype".
And read the form guide. If I let my kids pick the winners from the racing post I expect to get spanked.
stongle said:
Nonsense. Just because you thought it was free money, doesn't mean others got caught out not doing research. 6 weeks ago ETH was a <$500, now it's @ $1100. Anyone whom got spanked was chasing pumps and not doing research.
ETH is the 2nd biggest crypto by mkt cap, so struggle with whom this majority is? Unless you mean those buying into XRP?
The only thing worse than using 'who' incorrectly is using 'whom' incorrectly...ETH is the 2nd biggest crypto by mkt cap, so struggle with whom this majority is? Unless you mean those buying into XRP?
Joey Deacon said:
The Spruce goose said:
Bitcoin is cheap, when you consider most think its value is 100kusd to 1 million. So get them whilst they are so cheap..
Exactly John McAfee thinks it will be worth $1 million by the end of 2020 and if it isn't he will eat his own penis.
t.superkartracer said:
He might be taking the piss .
yes it was a piss take, it is just when will the btc hodlers admit success, 100k, a million, 10 million, 100 million.. Surely to be 14k is a massive achievement, if it got to 100k then it would be worth on par with USD dollar. There will be a point when btc should become more stable, i.e peaked.The Spruce goose said:
so what we recon, 133 billion market share wiped out in just over one day from top 3 coins, more to come?
Quite possible. The rise to $2500 last summer blew me away...since then it’s been even more surprising. Lots of good stuff on the horizon, lots of investment happening, lots of people gaining awareness of what borderless bank-free online payments could look like in the future. I think 2018 is going to be a big year for bitcoin and am excited to see what happens next!
P.s. what do you mean by ‘market share’? All cryptos are falling...where are you getting this info?
The Spruce goose said:
so what we recon, 133 billion market share wiped out in just over one day from top 3 coins, more to come?
I don't think anyone really knows tbh. There have been a few scary announcements about certain countries looking at banning crypto trading or it could just be because of the lunar new year or because a butterfly farted in a forest somewhere. It's so fickle, open to manipulation and so based on sentiment and rumour that it could be absolutely anything. I also wouldn't be surprised if next month it bounces back stronger than ever.Thrilling isn't it.
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