ALT Coin discussion

Discussion in 'Blockchain & Cryptocurrency Mining' started by Gunna, Oct 10, 2017.

  1. whatdoesthisdo

    whatdoesthisdo Member

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    lol papillion, that was an interesting month or two. Heaven have mercy on anyone who said anything against his beloved xrp

    Hope he is ok.
     
  2. dirkmirk

    dirkmirk Member

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    Bitcoin getting slow again.

    1 confirmation in 1 hour, should've checked my exchanges before buying BTC could've bought ETH to transfer and exchange, DOH!
     
  3. koss

    koss Member

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    Bitcoin averages a block every 10min and has done for years, it doesn't get slow unless a massive amount of hash power suddenly left the mining pools, which is not the case.

    More than likely the method of getting your transaction into the block chain wasn't very good, eg. if you only advertise the transaction to one mining pool, and they don't find a block for an hour, meanwhile other pools have found 5 blocks.....
     
  4. dirkmirk

    dirkmirk Member

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    This is a problem for Bitcoin if it's ever going to be taken seriously, I used Huobi what I am supposed to know about the underlying mechanics let alone somebody who knows nothing about crypto?

    I think most people would assume transactions would be quick because it's digital.

    Got about 965 Cardano for my $100 probably should've used coinspot in hindsight.
     
  5. whatdoesthisdo

    whatdoesthisdo Member

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    What I have noticed in the last 12 months with crypto's rise in popularity the banks have certainly upped their game. I did a cross bank transfer last night NAB>CBA and it was instant. 12 months ago it took at least 24-48 hours.
     
  6. dr_deathy

    dr_deathy Member

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    I found the same thing.

    western union better get going tho, seen an ad saying send money anywhere for $10 within 48hrs....
     
  7. whatdoesthisdo

    whatdoesthisdo Member

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    DarkStyle looks like cointree is doing cash withdrawals now mate.
     
  8. mareke

    mareke Member

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    Does anyone feel sorry for this man?

    https://finance.nine.com.au/2018/09/12/13/20/bitcoin-crash-sean-russell-savings-lost
     
  9. XAJIM

    XAJIM Member

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    He hasn't lost everything and learned a valuable lesson. Don't get greedy - if all of his mortgages were going to be paid, holidays good to go, etc then it's time to exit and reap the benefits. Otherwise it's probably a good time to look at why you're invested in something in the first place. Have some goals, educate yourself about what you're getting into and stick to the plan.
     
  10. OP
    OP
    Gunna

    Gunna Member

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    Only lost the if he cashes out and when he had a target he should have pull some out, even if that was the value of his initial investment. The wife and I have set a target, if 50% of our holdings ever covers the mortgage +tax, we pull 50% out.
     
  11. douver

    douver Member

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    Tezo's has announced it's launching its mainnet Monday - has been running in beta perfectly for a couple of months, still holding my crowdsale ones of these. Basic's are pretty much POS smart contracts (already implemented), with voting on chain for network upgrades etc. I think the ability it has to delegate your coins (without losing control of them) to someone else to bake (stake) is the thing that could prove popular. So risk free and effort free interest. Expecting launch to mean some bigger exchanges list it. Dreaming it might bring some serious liquidity back to altcoin exchanges.

    In all honesty I partially bought these as a hedge early July last year in case BTC fell. BTC was around 2.5k and crowdsale price was 20k satoshis with up to 20% bonus.

    /end shill
     
  12. OP
    OP
    Gunna

    Gunna Member

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  13. dirkmirk

    dirkmirk Member

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    Ill just throw it out their again, I dont think its a bad time to dollar cost average......

    Dont shoot me if you coin drops another 80% though LOL!

    THis crash has played out a bit differently to what I expected, after seeing Cardano hit $1.30, if someone told me it was going to 6.5c and asked what price Bitcoin would be(at 6.5c Cardano), I would have assumed around $3-$4K at most.

    That says to me, If Bitcoin has bottomed out most alt coins are a great opportunity to buy at these prices, IF NOT the pain will get worse.

    Insightful huh?:lol:.

    So we're getting closer to being close to the next bitcoin block halving some 20 odd months away, ASSUMING theirs no global financial shock if your thinking about a large(r) entrance into cryptocurrency, you'll be wanting to devise your entry strategy right now.

    Lightning has stuck twice with crazy bull runs twice for the mainstream, It might do it a 3rd time but I believe that ultimately governments don't want to allow cryptocurrencies to co-exist.

    Venezuela was a taste of things that might come, what EL-Presidente SHOULD have done was accept all the major cryptocurrencies instead of trying to implement their own Petro Crypto.

    IF they were accepting BTC/ETH/XRP for barrels of oil no way in hell would the powers that be allow it to happen.

    I don't believe that governments can't effectively shut down cryptocurrency, they can't in a literal sense but they can make "adoption" and the associated speculation go down the toilet.

    All im saying is, if you can make a fortune out of this Sh!t in the next 5 years pull it out and buy real assets with the tokens and associated "worthless" fiat currency but don't bet on it for the long term.
     
  14. koss

    koss Member

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    The price movements we have seen this year are due to investors pulling out funds from all other asset classes and putting it into S&P 500 shares, specifically the FANG stocks, that's where the gains are, so that's where the money went. When you hear people say this and that reasons for the crypto market moving, just ignore them and look at what all the markets have been doing, not just crypto. Here is a video explaining what the global stock and other markets have been doing:


    About the 6:00 min mark he shows a chart of what world markets did this year when VIX broke.
     
    Last edited: Sep 17, 2018
  15. OP
    OP
    Gunna

    Gunna Member

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    Exactly, its investors pulling out to move to known 'trusted/safe' investments
     
  16. douver

    douver Member

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    Yeah, these long painful sideways consolidations periods have generally been good times to buy in the past. As you say we are running out of time for a long bearmarket at lower prices before the next halving too. Only thing missing currently is that BTC normally has a big scary fakeout down before going up. Altcoins seem to be waiting for BTC to start going up rather than sideways, but it wouldn't surprise me if altcoins went first either.

    Hmm back in February I'm sure people were saying the reason BTC dumped to 6k was because the S&P had a crash on practically the same day and were using charts to prove it.
     
  17. whatdoesthisdo

    whatdoesthisdo Member

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    Which way? Lol
     
  18. guy.incogneto

    guy.incogneto Member

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    Follow the trend

    Screenshot_20180918-191945~2.png
     
  19. mr camouflage

    mr camouflage Member

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    Thank the Reserve Bank of Australia's NPP system for that: https://www.rba.gov.au/media-releases/2018/mr-18-02.html
     
    whatdoesthisdo likes this.
  20. whatdoesthisdo

    whatdoesthisdo Member

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    I am in the same position...

    Tried to increase my holdings by swing trading, then the market took a dive and now I am like “oh looks like I’ll be holding this now.” Lol
     

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