Bitcoin / Cryptocurrency Discussion (And Predictions)

[amp0193]

Correct me if i'm wrong but you can't buy alt coins like IOTA on coinbase or Gdax. Only Bitcoin, ETH, and Litecoin. I was told bittrex.com is a good site to buy alt coins, although I haven't tried yet, maybe someone could chime in..

If you're in the U.S., Binance is where you need go to get IOTA.

There's no IOTA/USD in Binance, so you'll need to transfer in ETH or BTC into Binance first from somewhere else, i.e. GDAX.

 

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[B. Cole]

B Cole, if you buy an ALT coin in Binance or one of those others you named, do you need a seperate wallet to store it in? Or can you use the coinbase wallet? If not, which wallet do you suggest?

I'm not the best person to ask as I'm still waiting for all my verifications to clear. You can keep your currency on the platforms you trade from in an account balance, but I wouldn't recommend it for long term, they get hacked all the time. I'm sure the pros that trade will chime in.

 

[Lex DeVille]

Is it safe to invest all monies in bitconz without Google search answers to common questions? <--- not trolling

 

[MetalGear]

I've been buying IOTA and have been happy to have done so. Huge growth in the last week after the Microsoft partnership was announced.

Where are you going to buy IOTA?

 

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[Steppenwolf]

Where are you going to buy IOTA?

Buy it on Binance, just look for a youtube tutorial.

 

[Steppenwolf]

 

[AustinS28]

Where are you going to buy IOTA?

Purchase BTC or ETH on Coinbase and exchange it on Binance.

 

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[powderhound100]

Does anyone here diversify their crypto investment?
If so, what is your crypto asset allocation?
I am not putting a ton of money into this but am curious.

I hold a number of different cryptos (been investing since end of June.)

Might rebalance a bit in the near future, however at this point I'm roughly 50% IOTA, 18% Ethereum, 10% Neo, 5ish%: Litecoin, Bitecoin, Lisk, Ripple, Ark, then a little bit of a few others I may liquidate.

 

[Vincent_Vega]

Am I the only one who thinks that IOTAs market cap is way to high to see big upswings in the future?

 

[powderhound100]

Am I the only one who thinks that IOTAs market cap is way to high to see big upswings in the future?

I thought this guy had some great points on price analysis for IOTA: IOTA Price Analysis and Predictions – Peter Ryszkiewicz – Medium

 

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[Kingmaker]

I thought this guy had some great points on price analysis for IOTA: IOTA Price Analysis and Predictions – Peter Ryszkiewicz – Medium

That article is pump trash: "I predict the price will reach $114/Miota by December 2018"

Yeah, that would put IOTA's market cap at $316 billion within a year which is higher than Intel, Oracle and Cisco...

 

[powderhound100]

That article is pump trash: "I predict the price will reach $114/Miota by December 2018"

Yeah, that would put IOTA's market cap at $316 billion within a year which is higher than Intel, Oracle and Cisco...

OK fair, agreed. I also doubt it will be added to coinbase this year etc.
However I do believe that if partnerships with the likes of VW, Bosch etc end up developing into real use cases there is some great potential for growth. Price over $100 within a year probably not. If machine to machine payments become more common and IOTA is running those, there would definitely be significant growth. Of course, that may not happen, still very speculative.

 

[Vigilante]

Took some profits out of LTC tonight and hit a sell ceiling on coinbase. What a bunch of b*******. A few days back I sent them a bunch of information to further validate my identity... Beyond what they already had. They came back and said "sorry but we're not changing your limits"

What good is playing in a volatile Market if there app/platform restricts you from maximizing the swings?

 

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[BradD]

Took some profits out of LTC tonight and hit a sell ceiling on coinbase. What a bunch of b*******. A few days back I sent them a bunch of information to further validate my identity... Beyond what they already had. They came back and said "sorry but we're not changing your limits"

What good is playing in a volatile Market if there app/platform restricts you from maximizing the swings?

Ridiculous..Just be thankful you're not Canadian, CB let's you buy with them but not withdraw lol

 

[B. Cole]

Took some profits out of LTC tonight and hit a sell ceiling on coinbase. What a bunch of b*******. A few days back I sent them a bunch of information to further validate my identity... Beyond what they already had. They came back and said "sorry but we're not changing your limits"

What good is playing in a volatile Market if there app/platform restricts you from maximizing the swings?

It's driving me fricking crazy. LTC up 50 percent today, I'm just sitting here, wishing I could mail Coinbase a turd. Still waiting on my initial 300 dollar BTC purchase to clear. LTC gonna be 300 by the morning, social media is exploding over it right now. The masses don't really want to own .000 of a bitcoin, so litecoin is up next. What a crock of shit. I gotta walk away for the night.

 

[MetalGear]

I am guessing you guys aren't dollar cost averaging when buying?

Haha $10K into LTC please!

 

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[Vigilante]

I am guessing you guys aren't dollar cost averaging when buying?

Haha $10K into LTC please!

Not using this as a long-term investment strategy.

 

[MetalGear]

The craze reminds me of the internet hype from the 90s.

WOOOOO! $50K on AOL, Netscape, and US Robotics stock baby!

Apple is not worth it haha.

 

[EricFromCanada]

Hey guys, I have been following crypto for a while, but am still pretty new, and was wondering if anybody knows what was the reason Litecoin's price skyrocketed today? Also I invested a small amount of money into Ethereum at the price of $540 usd. I'm hoping to be in it for the long term, did I buy too high?

 

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[DavidK]

Seems like Bitcoin is getting to the point that "dumb money," is getting involved... as MJ says in TMF , a sign that it's time to get out?

 

[Kingmaker]

Hey guys, I have been following crypto for a while, but am still pretty new, and was wondering if anybody knows what was the reason Litecoin's price skyrocketed today? Also I invested a small amount of money into Ethereum at the price of $540 usd. I'm hoping to be in it for the long term, did I buy too high?

Popular opinion is that people see the 3 coins on Coinbase and buy Litecoin because it's cheaper and they can't afford 1 full BTC. It makes sense because quarter of all LTC trading volume comes from Coinbase(GDAX):

I personally think if Litecoin wasn't on Coinbase it would just be another "shitcoin" but price doesn't necessarily have to reflect value.

And yes, never buy at all time highs, buy the dips. Ethereum has a solid reputation though so you should be okay holding it long term.

Seems like Bitcoin is getting to the point that "dumb money," is getting involved... as MJ says in TMF , a sign that it's time to get out?

Get out how? Do you already own Bitcoin and want to sell? I feel like this question is a veiled excuse for people who think they are late to the game and the price point is too high to get in now.

Would love to hear somebody's opinion whose in this boat actually, and if your motivation for looking into it is financial gain or the underlying technology?

 

[ButGregSaid]

Popular opinion is that people see the 3 coins on Coinbase and buy Litecoin because it's cheaper and they can't afford 1 full BTC. It makes sense because quarter of all LTC trading volume comes from Coinbase(GDAX):

I personally think if Litecoin wasn't on Coinbase it would just be another "shitcoin" but price doesn't necessarily have to reflect value.

And yes, never buy at all time highs, buy the dips. Ethereum has a solid reputation though so you should be okay holding it long term.

Get out how? Do you already own Bitcoin and want to sell? I feel like this question is a veiled excuse for people who think they are late to the game and the price point is too high to get in now.

Would love to hear somebody's opinion whose in this boat actually, and if your motivation for looking into it is financial gain or the underlying technology?

I agree. LTC is only going up because it's an attractive option on Coinbase and the people who downloaded the app for the first time yesterday had no idea what it was so they just threw money in it hoping to score some gumballs.

I'm in the game - mainly because I watched 'The Rise and Rise of Bitcoin'... (Yes, I actually spent three hours of my life watching a documentary on this.) For me, more than anything it's what Bitcoin has the potential to be. It could literally change the way we spend money. In theory, it takes us back to the good ol' days of bartering. Like my goat? Give me two pigs.

The point is, your currency should be just that, yours. But unfortunately in our case, it's yours*. (I use the asterisk because it also belongs to whatever version of Uncle Sam your country has.) Modern currency is not backed by gold/silver and is more or less controlled by the government. Currency is taxed, printable, vulnerable to political events, and easily frozen. Bitcoin represents a way to re-establish control over what is yours.

This post makes me sound like a libertarian but I think there's a great deal of attraction to and potential for the idea of being able to truly own your assets and to fully control your transactions. Yes, the money in it right now is pretty much hype, but when Bitcoin begins to establish itself (this is already starting to happen) as a vital means of exchanging currency - it'll really take off.

I'd advise anyone to look past the hype and think functionality. This does have potential, and I like what it can do. That's good enough for me. I think the question really is whether or not Bitcoin is really going to be the best version of the system or if it'll take the AOL route and die when something better comes its way.

 

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[Coalission]

but when Bitcoin begins to establish itself (this is already starting to happen) as a vital means of exchanging currency - it'll really take off.

 

[JAJT]

And yes, never buy at all time highs, buy the dips.

I think I bought every coin I own at their all time highs.

Since then I think I'm up 50%

Of course I'm not saying you're wrong. Just more of a point to how silly this whole game is right now

 

[tristano]

That article is pump trash: "I predict the price will reach $114/Miota by December 2018"

Yeah, that would put IOTA's market cap at $316 billion within a year which is higher than Intel, Oracle and Cisco...

Is it correct to consider caps of cryptos just like caps of business? Are cryptos total different businesses, like gold, oil, dollar, euros and so on?
I can't immagine how high is the dollar and the euros cap....

 

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[MrYoshi]

So I've spent way too much time researching cryptos in the past month. My strategy is the following:

• The entire crypto market in January was valued at 20 billion and it's now at 500 billion. I don't see this stopping anytime soon because most of the "Noobs" like myself actually find this space interesting. My strategy is only to hold long-term for a few coins that I actually believe in.
• I will do dollar cost averaging for Bitcoin and Ethereum for the next year. I will invest a lot more if a dip happens.
• I've invested in Litecoin, Cardano (I put a lot down here lol), OmiseGo, Lisk, Ethos, Stellar Lumens, IOTA, EOS, Steem, Ripple, ClearPoll, and DragonChain.
• I can't put much into Bitcoin at the moment, but I have a huge stake in Cardano, IOTA, and Ethos.

 

[James Fake]

The craze reminds me of the internet hype from the 90s.

WOOOOO! $50K on AOL, Netscape, and US Robotics stock baby!

Apple is not worth it haha.

Iota = Apple.. I have hoarded Iota's since a week ago. =)

 

[PetePreneur]

I think this craze is going to continue for another 2/3 months. People will be transferring from their bank to get money in as we speak because of Coinbase’s low limits and will spend their limit again next week. I’m going to only focus on the 3 coins on Coinbase because that’s where the mass market is going and buy Ethereum mostly because it has half a chance of actually working long term, so definitely worth stocking up £1k or so.

What are the different exchanges which accept debit payments? I want to get it in as quickly as possible and can’t because of the ridiculously low limits on Coinbase at £50 a week (which is what everyone else will be thinking).

I honestly don’t know if this is going to follow the normal bubble patterns because this isn’t Wall Street, it’s a bunch of 20 year old noobs in a state of FOMO. They’re not looking out for resistance and support lines or following Fibonacci laws- They’re just seeing that the coins are going up and throwing their money at it- And as much as possible. I feel it’s worth putting in enough to actually earn some back, but also not so much that I’m screwed.

 

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[lonewolf28]

Iota = Apple.. I have hoarded Iota's since a week ago. =)

Hi James, which is the best platform to trade on?

I've only been recommended Coinigy and Poloniex, but not sure which is better for a new person looking to trade, since there are a ton out there.

 

[Yoda]

Take everything with a grain of salt, but here's going to be my strategy going forward...

Every so often, I'm going to simply pull out a "percentage of profits" from each coin I have (currently ETH and LTC) and and re-invest into other, non-mainstream coins. Here's why:

1. If I lose my profits, oh well. When in Vegas...
2. I'm also okay losing my investment (financially speaking). I'm using money I can 'afford to lose' in this.
3. If one of the alts hits big, sweet. Unemotional, unequivocal fun money.

I am not as well read within the topic of crypto as I'd like to be; I can't devote the time and resources to doing so at this time. That said, I'm going to keep putting some money in the game to learn, and have some fun, too.

Since my start, I've doubled my money. And I know it can go away just as fast.

But, in the eyes of a Fastlaner, there is an especially interesting EV here, which heavily plays against the idea this is all just a lottery.​

I'm okay with calculated gambling, over a period of time, so long as it's systematic.

I'm going to attempt to make it so.