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Bitcoin / Cryptocurrency Discussion (And Predictions)

Discussion in 'Investing/Trading/Cryptocurrency/Altcoins' started by James Fend, Nov 8, 2017.

  1. Vigilante
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    Vigilante Legendary Contributor Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    With South Korea being 10% of ETH trades, and South Korea getting ready to BAN crypto, there's bound to be a selloff but I probably won't buy into those adverse conditions.
     
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  2. Vigilante
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    Vigilante Legendary Contributor Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    The reason high profile posters like him have disabled private messages is because they really don't want tons of unsolicited private messages. What ever you have to say to him you should be able to ask in the public forum as you don't know him personally. Everybody might be able to learn from your question.
     
  3. LifeTransformer
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    With or without South Korea banning it, it still needs a correction I feel.

    The Korea news is interesting, but the crash prices seem to have recovered a fair chunk already.
     
  4. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Admin Post
    Anyone following the Kodak blockchain stuff?

    Interesting that it's the only thing that has moved the stock in YEARS.

    No, they have my permission because I am on their advisory team, however it's just on the business end of things, obviously not on the technology side.

    Insofar as the real stock market, I've been saying that since Obama was re-elected back in 2012.

    And I'm still waiting for it.
     
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  5. LifeTransformer
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    They happen every 2-3 months in cryptoland.

    What was Bitcoin a few weeks ago? $20,000+ or so? Now look at it. :)

    Ethereum is getting to the point where it needs one too.
     
  6. SwissTuxedo
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    too funny :rofl:
     
  7. James Fend
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    James Fend Gold Contributor FASTLANE INSIDER Speedway Pass

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    The market is definitely bear. Near a $T in market cap to $686M.

    I don't think Bitcoin has quite bottom'ed out yet either. I will admit, it's done some really weird things since the futures came on board. Whether that actually has or had any effect on Bitcoin, not sure, but I can say shortly after; Bitcoin took a major nose dive in market dominance where major money was being made in alts.

    All that to say; hopefully you're safe in fiat until things a bit more clear. Right now; people are scrambling to try to grab low prices.. but I am not quite convinced yet that they are actually just trying to catch falling knives.

    I have my buy orders set for Bitcoin at $10.5k lol. Will it reach? Maybe.. I do know one thing about crypto. When it's bulls, you play with a major upside it could take off running 40% at any moment. When it's bears, you play with a major downside it could tank 40% at any moment.

    Best not to play imo.
     
  8. Yoda
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    I would differ. When others are scared, you can take advantage of the market, especially on a long enough time frame.

    If you're already in, just hold. If you're buying, buy to hold.

    EDIT: I have a high risk threshold, and I'm disciplined. Day traders should probably bench themselves.
     
  9. Elijah
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    Do you all just hold? Yesterday I thought about selling my VEN at the high of 7$ and rebuy when it is low again but I didn't, now it is at 6$ again and I kinda regret it. However it could have also just got even higher. Now I am thinking of selling it to realize some money (bought it at 4$) but then it probably rises again and I am disappointed again.

    How do you deal with such situations?
     
  10. James Fend
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    James Fend Gold Contributor FASTLANE INSIDER Speedway Pass

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    FYI; I am now back in the market. Starting with XRP and XLM for right now. Going to attempt to jump on various pops up of different coins as they slowly come off the bottom.
     
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  11. NewManRising
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    Just hold. VEN is a good coin that will keep growing. I find that people that try to buy and sell like you describe lose more money.
     
  12. LifeTransformer
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    If they're doing it on a whim? Then yeah, that's a totally dumb thing to do.
     
  13. JScott
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    Why did you buy it? Why did you think it was a good purchase?

    And did something related to that reason change since you bought it? If not, why sell?

    It's simple -- if you don't have a good reason for buying something, don't. Because if you don't know why you're buying, you clearly won't know when to sell.
     
  14. TinyTim
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    Depends if you're in it for the long run or need that cash now. Did you invest in a project that you believe will change the world? Or did you invest just to earn a quick buck?

    VeChain is the only crypto I hold. Why? Because it isn't built on pure hype and is changing the way business operates. DNV GL (a world leading certificate authority and business certification service provider, with $20B+ yearly revenue and provides services for Coca Cola, Shell, IBM etc..) will be using VeChain as their sole blockchain. I've got my node, but will keep buying at every opportunity.

    Invest in projects that have a real use-case and you can hold with confidence.
     
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  15. Elijah
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    Thanks for your answers! I do think that VEN has a lot of potential. However I thought this does not exclude earning some money on the way to the top if there is a chance to. I thought about rebuying when it falls off a bit.
     
  16. James Fend
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    Just catching up.. <hands Matt the MVP of the Week trophy>
     
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  17. MrYoshi
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    MrYoshi Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Last edited: Jan 13, 2018
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  18. mThree2K
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    First thing I look up when I am researching in the deeps of CoinMarketCap is social Network activity... And these guys are doing everything right it seems!

    This and that AI has a trend similar to when Biotech took of a few years ago seems to make it an interesting Investment.

    Now they even have a partnership with Wanda and Qtum, I guess that searching for some info that confirms that would make them legit.

    Enviado desde mi Mi Note 2 mediante Tapatalk
     
  19. MMatt
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    ETH testing new highs. I sold my ETH at $1300 during the last high.

    BTC also making a slow crawl back up in the last 2 days.

    Overall Crypto market cap crawling back up as well.

    Could the short bear phase be over?
     
  20. windchaser
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    Another project that I am looking into in the same lines is MAN MATRIX
    They have the ICO in the following days.


    On a different note, for those of you doing technical analysis, what have you found to be the best source for graphs?
     
  21. mThree2K
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    I'll be switching over to tradingview.com in the next few days, seems reliable.

    Enviado desde mi Mi Note 2 mediante Tapatalk
     
  22. MrYoshi
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    I've looked into it more and I've decided not to invest in them. The main net is not going to be launched until 2019. I'll wait to see if any changes will come and will keep up to date with them.
     
  23. James Fend
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    I got back into ETH last night with my original projection that this sucker is going to have it's "day" soon. I will likely sit on this for a few days going into early next week.

    I've said this many times; but there's two types of corrections:
    1) Corrections to over-priced coins (which we normally think of)
    2) Corrections to under-priced coins (Eth is due)

    EDIT: Watch for cup and handle formation possible in the next hours before making entry.
     
    Last edited: Jan 13, 2018
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  24. TinyTim
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    VeChain Blockchain Solutions to Enter China’s Tobacco Industry in Force

    VeChain strike deal with China National Tobacco Corporation - Largest manufacturer in the world by yearly revenue - $150 Billion+

    "VeChain will be providing proof of origin and anti-counterfeit technology to track Chinese produced tobacco products throughout the entire supply chain".

    "We are committed to begin a new journey with NRCC, other government agencies, and Global Fortune 1000 companies to be announced. Through PwC, DNV GL, and the addition of NRCC, the apotheosis is here."
     
  25. ljb7
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    Vechain strikes again. Are you following CCK on Twitter?

    I'm buying more up at every single opportunity just like you. My average purchase price is edging up to 30k sats