Consolidated Crypto Traders/Chat Thread

Discussion in 'Blockchain & Cryptocurrency Mining' started by Optimus., Dec 15, 2017.

  1. douver

    douver Member

    Joined:
    Mar 8, 2002
    Messages:
    1,050
    Location:
    Brisbane
    Think you pretty much summed up the crypto markets at the moment...general sentiment is definitely bear. BTC daily chart does indeed look like crap if it closes here (ETH even worse), really need a green candle today. For these large breakout moves best not to bet big until direction is obvious, could still be ranging - and this would be a glorious fakeout down, seems to be hardly anyone holding out hope.

    Fidelity announcing overnight their BTC custody service launching in March is big, not necessarily because of the product, but the timing of the release at a breakout point. Starting to sound like Wall St might have finally bought our coins! https://www.bloomberg.com/news/arti...-plan-march-launch-of-bitcoin-custody-service

    I can't see massive gains currently (like 100%+) in BTC this year from where ever it's lows are - marketcap is too big for a quick turnaround, but altcoins perhaps? - it's only around 6 months to the LTC block halving.

    As a side note - The central banks are to the stock markets like Bitmain is to Bitcoin Cash. Bought in big but can't liquidate anything. Wonder if they'll end the same?
     
  2. dirkmirk

    dirkmirk Member

    Joined:
    Apr 3, 2002
    Messages:
    4,629
    Location:
    Shoalhaven - Gods Country
    I bought some bitcoin through Coinjar and transferred to my preffered exchange.

    WTF is up with this sh!t showing up on the blockchain instantly but still taking an hour to do 3 confirmations? THis is getting ridiculous 2014 was 5 years ago.
     
  3. dirkmirk

    dirkmirk Member

    Joined:
    Apr 3, 2002
    Messages:
    4,629
    Location:
    Shoalhaven - Gods Country
    Just wondering whats the general feeling on XRP? Diversive Crypto still?

    I like listening to "The modern investor" on youtube just as a kind of Crypto news channel, the guy is a lunatic and huge on XRP but I never liked it and never will.

    If coinmarketcap is any indication, the trading volumes are low considering its market cap and if the circulating supply is to be believed, only 40% of coins created are actually out in the wild, so 2 huge red flags, Bitcoin/Ethereuem & Litecoin are like 80%+ mined so that indicates a level of confidence in that regard, high trading volumes and mostly mined.

    If im going big into crypto when the market finally capitulates, whats a good mix to invest in?.......

    Im scrubbing off XRP, Dash and XMR for starters, Im not confident in privacy coins which is one area I agree with the echo chamber lunatic(modern investor)....

    Stellar/XLM appears to have a ? in regards to circulating supply, Tron looks dodgy buts has heaps of fanbois, who knows.
     
  4. douver

    douver Member

    Joined:
    Mar 8, 2002
    Messages:
    1,050
    Location:
    Brisbane
    Hoho, 12 months ago you would have got 20 people shilling you altcoins in no time, now they're on a 90-95% off sale, crickets.....

    XRP/XLM you seem at the mercy of the whim of the people who control the majority of the supply - pro's and con's. Something big seems to be brewing with TRX (and TRX's self bought Bittorrent ICO on Binance) - quite a good setup for moon, but haven't looked into it too much.

    I've got currently got:

    LTC - Mainly because of the block halving.
    ZEC - Seem to be doing a lot of work with compliance work in the US and getting listed there despite being a privacy coin. Chart looks like crap though...
    XTZ - Baking this coin - can earn interest on any amount by delegating funds to someone else without risk of loss - could be popular.
    EOS - Can't really justify this one - pretty much a shitcoin but with big money behind it.

    Binance have just announced credit card deposits, should be good for altcoin FOMO at some stage.
     
  5. dirkmirk

    dirkmirk Member

    Joined:
    Apr 3, 2002
    Messages:
    4,629
    Location:
    Shoalhaven - Gods Country
    I get that feeling again.

    Hold on to your hats.
     
  6. douver

    douver Member

    Joined:
    Mar 8, 2002
    Messages:
    1,050
    Location:
    Brisbane
    Yeah big move for BTC coming in soon surely, either going to be under 3k soon or over 4k.

    Meanwhile picked up some more ZEC because of this bug information release. https://www.coindesk.com/zcash-team-reveals-it-fixed-a-catastrophic-coin-counterfeiting-bug Sure it was a very dangerous bug. But to me the timing of the news release now, months after a year long bearmarket feels like a classic shakeout play. If fake coins were created surely they would have been dumped by now.
     
  7. Gunna

    Gunna Member

    Joined:
    Dec 25, 2001
    Messages:
    7,183
    Location:
    Brisbane
    It'll continue down, personally I think it'll bottom out at around $2500. I also think we will see $20k+ again but not in the short term as investors try to ride the next wave up now they know it can go to $20k. We will also see a number of shit coins drop off this year while some remain due to not actually spending their money or changing their entire plan(Elix i'm looking at you)
     
  8. douver

    douver Member

    Joined:
    Mar 8, 2002
    Messages:
    1,050
    Location:
    Brisbane
    Pretty good gains on alts lately, planning to hold for much more. I think there is a lot of money on the sidelines waiting for charts to say 'bull run'. A lot more money than people realise.
     
  9. dirkmirk

    dirkmirk Member

    Joined:
    Apr 3, 2002
    Messages:
    4,629
    Location:
    Shoalhaven - Gods Country
    The US stock markets are on a 9 week winning streak and Bitcoin comfortably above $4,000, If the Dow Jones is headed for 30,000 points in the next couple of years some of those lofty Bitcoin predictions could come to fruition in another bubble.

    I think theirs correlation between the 2 markets at the moment.
     
  10. douver

    douver Member

    Joined:
    Mar 8, 2002
    Messages:
    1,050
    Location:
    Brisbane
    Seems tough to bet against the central banks when they have the attitude of printing more money if the stock market drops. Will fail at some point and everyone will say in hindsight how stupid it was, but in the meantime bliss for all.

    I find it amazing how dead crypto is here and even the really active whirlpool thread, a lot of big coins have doubled in the past few months (LTC/ETH/EOS....) but no-one cares right when they should. Market sentiment is a funny thing, and imho BTC is probably as close to a real market as exists these days. And human nature being what it is, most people are too greedy to sell the top and also too greedy to buy the bottom.

    I'm not saying $3k can't break - but it is going to take something major for that to happen now. I'll be buying up big if we make it there again.
     
  11. dirkmirk

    dirkmirk Member

    Joined:
    Apr 3, 2002
    Messages:
    4,629
    Location:
    Shoalhaven - Gods Country
    I've been dollar cost averaging and will double the money in 2-3 months for the next couple of years, Im reluctant to go in big unless it tests new lows.

    Im like you douver sad how dead it is in here, this might be the time where accumulating will get huge returns in the future who knows.

    I made the comment before but its like people are only interested buying at record highs, most coins are still down 90%+ wheres the enthusiasm:confused:?

    If you bought at record highs expecting a 10X increase is a 100X from today.
     
    Last edited: Feb 24, 2019
    ChiefBoss likes this.
  12. whatdoesthisdo

    whatdoesthisdo Member

    Joined:
    Jan 19, 2011
    Messages:
    8,084
    Location:
    Gold Coast
    I think it's dead becuase people are doing either exactly that (dollar cost averaging) or staying our completely, both are hardly posting worthy.

    Do you really want to hear about me buying another 1000 power/eth/btc etc etc?
     
  13. douver

    douver Member

    Joined:
    Mar 8, 2002
    Messages:
    1,050
    Location:
    Brisbane
    That's pretty much it, seems people believe it's safer to buy after something has gone up 10x 'knowing' it will go up - as everyone just 'trades the trend'. In reality the risk is much higher buying there than here though.

    Well January last year there was people feeling the need to come here everyday and say how good X coin was regardless of whether they traded it or not. Reality is overall altcoin marketcap up 30% this month so far, Jan'18 down 15%.
     
  14. whatdoesthisdo

    whatdoesthisdo Member

    Joined:
    Jan 19, 2011
    Messages:
    8,084
    Location:
    Gold Coast
    Yeah but that was mostly that dude spamming his ripple buys lol, where is he now? hahahaha
     
  15. ipv6ready

    ipv6ready Member

    Joined:
    Feb 10, 2014
    Messages:
    2,036
    Location:
    North Sydney
    Hope no one bought at $4000 for the moon shot

    The bulls walk up the stairs – bears jump out the window.
     
  16. dirkmirk

    dirkmirk Member

    Joined:
    Apr 3, 2002
    Messages:
    4,629
    Location:
    Shoalhaven - Gods Country
    Papillion I remember him, he did admit that he was in for the money and didn't really care for it or crypto to be fair, I share a similar sentiment.

    All I want from crypto is another moonshot so I can sell out and buy precious metal miners, sit back, relax and crypto can go to hell for all I care lol:lol:.

    I give it 2 years and I'm moving on regardless of what happens, that is to say whatever I buy won't be sold unless it bubbles, might be lucky enough for crypto to strike like lightning a 3rd time (2013, 2017, 20XX?).
     
  17. douver

    douver Member

    Joined:
    Mar 8, 2002
    Messages:
    1,050
    Location:
    Brisbane
    Yeah pretty sure almost everyone is in crypto to make money. Pretty much the same as any investment though. 'In it for the technology' was a joke people used last bear market cause everyone was losing money. Me - I reckon there's a chance BTC becomes a world currency, however minute - so currently plan to continue to hold some even if it's a pretty small percentage of my wealth.

    Also despite the weekend fakeout above $4k and crash, pretty much everything is up for the week and LTC/EOS are still double their lows from December. BTC and ETH (and to a lesser extent EOS and a few others) will continue to be a rocky ride as there is a lot of stupid amount of margin trading on them now.
     
  18. dirkmirk

    dirkmirk Member

    Joined:
    Apr 3, 2002
    Messages:
    4,629
    Location:
    Shoalhaven - Gods Country
    Coinbase is officially adding XRP, HUGE news apparently....
     
  19. whatdoesthisdo

    whatdoesthisdo Member

    Joined:
    Jan 19, 2011
    Messages:
    8,084
    Location:
    Gold Coast

    People going mental about insider trading on twitter.

    upload_2019-2-26_8-23-14.png
     
  20. douver

    douver Member

    Joined:
    Mar 8, 2002
    Messages:
    1,050
    Location:
    Brisbane
    Man Papillion was right all along about XRP to Coinbase. There I was thinking they were just using that rumor to dump on noobs.

    Coinbase must have changed their listing criteria, if XRP, a coin that still Ripple hold 60% of is legit than surely XLM/ADA can be listed too now. Whether anybody believes that a Coinbase listing is a big thing now is the question. I'm pretty sure it is during a big pump - I saw something that Coinbase holds about 25% of LTC in it's cold wallets - that's a lot of public FOMO.
     

Share This Page

Advertisement: