Crypto Currency Thread

[Behemoth]

The Spruce goose said:

so btc private is rewarded for holding btc or zcl, or both?

iirc, both

[Shuvi McTupya]

Badda said:

BTC price isn't like the weather where you can see fronts moving in. I am curious as to origins of these rumours that can predict a price in 5 days time.

I get the up/down predictions but around specific prices, less so.

There is strong support at 5k and not much between where it is now and the 5k mark so a serious drop would likely stop around there.

I am not suggesting that is what is going to happen but I do think the person I heard it from has a good idea of what could potentially happen. There are no guarantees but it doesn't do any harm to prepare.

[anonymous-user]

Shuvi McTupya said:

There is strong support at 5k and not much between where it is now and the 5k mark so a serious drop would likely stop around there.

where you getting that info from, doesn't tie up with current market depth?

[Fokker]

So a BTC / BCA fork sometime this week? I have my BTC in the coinbase wallet so can anyone explain how I will receive the BCA or if i have to do anything. I understand that I have to have he BTC in a wallet to receive but coinbase wallet or ledger nano S?

[Behemoth]

The Spruce goose said:

where you getting that info from, doesn't tie up with current market depth?

The highs in Nov offer the only strong support area.

[tertius]

Fokker said:

So a BTC / BCA fork sometime this week? I have my BTC in the coinbase wallet so can anyone explain how I will receive the BCA or if i have to do anything. I understand that I have to have he BTC in a wallet to receive but coinbase wallet or ledger nano S?

Coinbase is notoriously poor at supporting forks in good (or indeed any) time so unless they have said they will support it that’s the last place I’d leave it if you want the fork coins.

A Ledger should be OK but it may be a small faff to extract them.

If you plan to trade them immediately then the best bet is on an exchange that has confirmed support for the fork.

And as an aside what the heck is BTV that has just appeared?

[g4ry13]

Too Late said:

With Ripple going down I am wondering if this ship can sink some more.

I have 700$ in Ripple out of my £250 investment. Wondering if I should bail now or hold on. Every other day I check the price it's down another 10%.

Is anyone still in ripple?

Yep....i'm not going anywhere any time soon (unless it gets to $3+ and then i'll consider offloading some).

[HannsG]

Right I am done now in terms of investing. 2018 IMHO is all about the Chinese and their Ethereum and Smart Contracts

I have £15,000 split as follows:

29% NEO
24 % TRX
26% ADA
21% BTC

I have a price in mind for each and when they will be sold. If it all goes to hell..... st happens!!!!

Edited by HannsG on Tuesday 23 January 00:10

[Fokker]

tertius said:

Coinbase is notoriously poor at supporting forks in good (or indeed any) time so unless they have said they will support it that’s the last place I’d leave it if you want the fork coins.

A Ledger should be OK but it may be a small faff to extract them.

If you plan to trade them immediately then the best bet is on an exchange that has confirmed support for the fork.

And as an aside what the heck is BTV that has just appeared?

Thanks Tertius. I have a Ledger but its not going to support the Atom coins I doubt? I use Binance and Bitfiniex. Don't suppose you know if they're any good for this purpose?

[tertius]

Fokker said:

Thanks Tertius. I have a Ledger but its not going to support the Atom coins I doubt? I use Binance and Bitfiniex. Don't suppose you know if they're any good for this purpose?

Ledger aren’t likely to support it directly but you have the keys so you will be able to import them somewhere that does if necessary (having moved your BTC first of course!).

Looking on the bitcoinatom.io site the only exchanges with declared support are OKEx Yobit and ExRates.

Coinomi wallet will support it so if you have an Android phone that might be an answer.

[anonymous-user]

Reading the eTorro XRP forum reminds me a lot of reading the message boards for AIM oil shares such as Sound Energy.

Same delusion that they are just on the brink of a big announcement, that everyone who sells is an idiot and that it will be certain (much higher) price in a month.

Currently they seem to think that there will be an announcement between Visa and XRP. Is this the same Visa that put a stop to all the BTC/Visa credit cards?

We have had a 50% drop over the last month or so, I stick by my prediction of another 50% loss over the next month.

[Fokker]

tertius said:

Ledger aren’t likely to support it directly but you have the keys so you will be able to import them somewhere that does if necessary (having moved your BTC first of course!).

Looking on the bitcoinatom.io site the only exchanges with declared support are OKEx Yobit and ExRates.

Coinomi wallet will support it so if you have an Android phone that might be an answer.

Thats great info, thanks for that, I'll take a look

[Jeff_Enthused]

g4ry13 said:

Yep....i'm not going anywhere any time soon (unless it gets to $3+ and then i'll consider offloading some).

I'll be offloading ALL of mine if it ever gets back to $3. I got lucky on the recent dip buying at $1 and selling at $1.60 (having held a smaller amount all the way over $3 and seen it come back down haha), frankly I'm not convinced by this any more so I got shot of most of it with a view to holding the rest to see if it goes back to $3. In my opinion, talk of $10 let alone $50 or more for this is completely ridiculous, as much as I'd like it to be true.

Alarming how many people say things like 'because it was $3 before, it'll be $3 again' or even 'crypto is like a slingshot, it has to go backwards to shoot forwards'.

[anonymous-user]

Jeff_Enthused said:

I'll be offloading ALL of mine if it ever gets back to $3. I got lucky on the recent dip buying at $1 and selling at $1.60 (having held a smaller amount all the way over $3 and seen it come back down haha), frankly I'm not convinced by this any more so I got shot of most of it with a view to holding the rest to see if it goes back to $3. In my opinion, talk of $10 let alone $50 or more for this is completely ridiculous, as much as I'd like it to be true.

Alarming how many people say things like 'because it was $3 before, it'll be $3 again' or even 'crypto is like a slingshot, it has to go backwards to shoot forwards'.

A lot of the people seem to be completely delusional, nobody even mentions that BTC went from $20k to $10k in the space of five weeks, it is like it never actually happened.

It is like a cult, price drops are seen as a good thing as it shakes out the newbies and means there are cheap coins for the believers.

There are a potential 100 billion XRP, so even at $10 that would value the coin at $1 Trillion. I also think these people ignore simple maths as there is no way a rumoured trial with money gram = $1 Trillion

It's a bubble just like every other tulips/1840s gold rush/1930 stock market/beanie babies/dot com bubble there has ever been. Just like the dot com bubble this will crash, 99% of the coins will vanish and some of the remaining coins will one day be your Amazon, Goggle eBay etc.

[Behemoth]

Jeff_Enthused said:

I'll be offloading ALL of mine if it ever gets back to $3. I got lucky on the recent dip buying at $1 and selling at $1.60 (having held a smaller amount all the way over $3 and seen it come back down haha), frankly I'm not convinced by this any more so I got shot of most of it with a view to holding the rest to see if it goes back to $3. In my opinion, talk of $10 let alone $50 or more for this is completely ridiculous, as much as I'd like it to be true.

Alarming how many people say things like 'because it was $3 before, it'll be $3 again' or even 'crypto is like a slingshot, it has to go backwards to shoot forwards'.

Ripple is full of tosh about about the use of the XRP token for settlement. It's laughable. What's worse is that Lightning Network actually does what Ripple is claiming to do. All that's missing is spurious PR releases about The Bitcoin Corp. signing contracts with banks so that it pumps 500% in a few weeks I expect LN's utility will be what slings BTC back up, because whilst most others will go to near zero, BTC is amongst the few that do have to drop before moving ahead. I read that 50m new retail investors have arrived with crypto since a little before xmas only to drop most of their hard-earned into weak-hand/poor-choice losses. It's a learning curve.

[cat with a hat]

Joey Deacon said:

Jeff_Enthused said:

I'll be offloading ALL of mine if it ever gets back to $3. I got lucky on the recent dip buying at $1 and selling at $1.60 (having held a smaller amount all the way over $3 and seen it come back down haha), frankly I'm not convinced by this any more so I got shot of most of it with a view to holding the rest to see if it goes back to $3. In my opinion, talk of $10 let alone $50 or more for this is completely ridiculous, as much as I'd like it to be true.

Alarming how many people say things like 'because it was $3 before, it'll be $3 again' or even 'crypto is like a slingshot, it has to go backwards to shoot forwards'.

A lot of the people seem to be completely delusional, nobody even mentions that BTC went from $20k to $10k in the space of five weeks, it is like it never actually happened.

It is like a cult, price drops are seen as a good thing as it shakes out the newbies and means there are cheap coins for the believers.

There are a potential 100 billion XRP, so even at $10 that would value the coin at $1 Trillion. I also think these people ignore simple maths as there is no way a rumoured trial with money gram = $1 Trillion

It's a bubble just like every other tulips/1840s gold rush/1930 stock market/beanie babies/dot com bubble there has ever been. Just like the dot com bubble this will crash, 99% of the coins will vanish and some of the remaining coins will one day be your Amazon, Goggle eBay etc.

I don't think any of them in their current state will persist tbh.

[coldsnap]

Joey Deacon said:

A lot of the people seem to be completely delusional, nobody even mentions that BTC went from $20k to $10k in the space of five weeks, it is like it never actually happened.

It is like a cult, price drops are seen as a good thing as it shakes out the newbies and means there are cheap coins for the believers.

There are a potential 100 billion XRP, so even at $10 that would value the coin at $1 Trillion. I also think these people ignore simple maths as there is no way a rumoured trial with money gram = $1 Trillion

It's a bubble just like every other tulips/1840s gold rush/1930 stock market/beanie babies/dot com bubble there has ever been. Just like the dot com bubble this will crash, 99% of the coins will vanish and some of the remaining coins will one day be your Amazon, Goggle eBay etc.

Of course BTC has made remarkable gains last year, you say it dropped from 20k to 10k but where did it start from, its up, it hasn't crashed but dipped and this pattern is repeated. Traders/investors are now trying to hit on the "next BTC" but will there be one, one might make, some will be scams and most will fail?

Those buying in in December were unfortnate and many will have lost out by buying high then selling low, some will HODL hoping it will rebound, what will it be in December 2018, who knows but perhaps they will do very well??

All crypto coins pretty much are down, this was predicted and I have read that the 26th will be the low point of this year. I think BTC, LTC, Eth are here to stay, the others who knows.

Its certainly no cult, all were newbies at some stage but obviously its not for everyone as I guess you found out.

[tertius]

coldsnap said:

Joey Deacon said:

A lot of the people seem to be completely delusional, nobody even mentions that BTC went from $20k to $10k in the space of five weeks, it is like it never actually happened.

It is like a cult, price drops are seen as a good thing as it shakes out the newbies and means there are cheap coins for the believers.

There are a potential 100 billion XRP, so even at $10 that would value the coin at $1 Trillion. I also think these people ignore simple maths as there is no way a rumoured trial with money gram = $1 Trillion

It's a bubble just like every other tulips/1840s gold rush/1930 stock market/beanie babies/dot com bubble there has ever been. Just like the dot com bubble this will crash, 99% of the coins will vanish and some of the remaining coins will one day be your Amazon, Goggle eBay etc.

Of course BTC has made remarkable gains last year, you say it dropped from 20k to 10k but where did it start from, its up, it hasn't crashed but dipped and this pattern is repeated. Traders/investors are now trying to hit on the "next BTC" but will there be one, one might make, some will be scams and most will fail?

Those buying in in December were unfortnate and many will have lost out by buying high then selling low, some will HODL hoping it will rebound, what will it be in December 2018, who knows but perhaps they will do very well??

All crypto coins pretty much are down, this was predicted and I have read that the 26th will be the low point of this year. I think BTC, LTC, Eth are here to stay, the others who knows.

Its certainly no cult, all were newbies at some stage but obviously its not for everyone as I guess you found out.

This is true - if you "ignore" December and draw a line from the price in January 2017 (c. $1k) to today (c.$10k or even $5k as I'm sure its going down from here) you still get a phenomenal rise.

There was little or nothing that justified the increase in December, so it shouldn't be looked at as some sort of benchmark. I agree if you bought then its pretty gruesome, but then I first bought at the MtGox high and saw it drop from over $1k to under $200 ...

Edited by tertius on Tuesday 23 January 19:55

[trowelhead]

Joey Deacon said:

BTC - £14355 to £7451 today (peak was 17/12/2017)

I sold my entire BTC stake on the 18th, so was off by a day. True story

[HannsG]

And up we go!!! The South Korea news was much needed