Bitcoin / Cryptocurrency Discussion (And Predictions)

[Scot]

Any idea just how complex something like that would be to set up?

Have you come across this? BTCTrader

$100 Million: Coinbase Raises Biggest-Ever Round for Bitcoin Startup - CoinDesk

Coinbase raised $100mil in the Series D round.

So... that would probably tell you this isn’t a bootstrap type project.

 

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[Five Star]

$100 Million: Coinbase Raises Biggest-Ever Round for Bitcoin Startup - CoinDesk

Coinbase raised $100mil in the Series D round.

So... that would probably tell you this isn’t a bootstrap type project.

Wow! Had no idea, thanks for the link.

There's definitely room for some competition based on their current support status all the same:

 

[Tom.V]

Looks like BTC is on a rally, as are the majority of my other holdings. Will be keeping an eye out today through Monday to see how things progress and see if there are opportunities to jump on. I have also begun organizing my efforts via Google Sheets and API's from the exchanges to sync up data and identify opportunities in a more automated fashion. Work in progress. May also hire some offshore help to perform additional analysis and organize it for me to review, it could be a game changer in this space with all of the current noise.

Up about $20k~ this week, can't complain. 7 figure gains are looking more realistic by the day.

 

[MMatt]

Have we just set a new record?

 

[MrYoshi]

Looks like BTC is on a rally, as are the majority of my other holdings. Will be keeping an eye out today through Monday to see how things progress and see if there are opportunities to jump on. I have also begun organizing my efforts via Google Sheets and API's from the exchanges to sync up data and identify opportunities in a more automated fashion. Work in progress. May also hire some offshore help to perform additional analysis and organize it for me to review, it could be a game changer in this space with all of the current noise.

Up about $20k~ this week, can't complain. 7 figure gains are looking more realistic by the day.

I'm at about 5k myself lol and smiling cheek to cheek. I bought so much of Cardano at this point that an increase to 1.00 will make me more than 60k.

Also, I put a good amount of cash down yesterday on Wabi and it's up 80 cents That coin is going to explode imo.

 

[shubham525]

When internet comes for your business it doesn't go well.

Now internet is coming for banking , finance.

 

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[Scot]

I'm at about 5k myself lol and smiling cheek to cheek. I bought so much of Cardano at this point that an increase to 1.00 will make me more than 60k.

Also, I put a good amount of cash down yesterday on Wabi and it's up 80 cents That coin is going to explode imo.

Cardano is on a little ride right now!

Tempted to siphon off some of the profit from that and buy IOTA because it’s hovering around $3.50 right now....

 

[lonewolf28]

I've been using Binance.

Thanks Austin!

 

[lonewolf28]

Cardano is on a little ride right now!

Tempted to siphon off some of the profit from that and buy IOTA because it’s hovering around $3.50 right now....

Scott, how do you buy these coins?Do you first purchase bitcoins and then somehow convert them into wabi or Iota?
If so, where do you even go to convert them?

Sorry for all the questions. Just coinbase only gives me two options to get; BTC,ETH,LTC.

 

[Scot]

Scott, how do you buy these coins?Do you first purchase bitcoins and then somehow convert them into wabi or Iota?
If so, where do you even go to convert them?

Sorry for all the questions. Just coinbase only gives me two options to get; BTC,ETH,LTC.

You need to use another exchange like Binance or Kraken. I use Binance.

Google tutorials on how to transfer coin to Binance.

Usual scenario is
Set up account on Coinbase > buy Eth or BTC > send money to Binance wallet > convert that coin into whatever crypto you want.

#1 most important thing to do in crypto is research. If you can’t google something as simple as “how do I buy xxx crypto with US dollars”, you’re better off playing the lottery.

 

[lonewolf28]

I just finished my verification at Coinbase after numerous attempts in the last week. I now have 2 successfully verified out of 9 attempts, freaking frustrating.

Tips:

1. both of my verifications succeeded from the Coinbase Mobile app, none from the website. If not already, download the app and go to Settings > Identity verifications > click the + button in top right corner
   
   
2. Try different documents. I tried with ID card, passport and driving license. The first successful was my driving license (attempt 7/9). Today my passport was accepted too (attempt 9/9).
   
   
3. Try verifying at different times of the day, for example once in the early morning, once around noon and once in the evening/night. But no more than once or you will hit your daily limits quickly.

I tried it at 9 PM last night and it worked. I figured everybody is out drinking on Friday.

 

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[lonewolf28]

I just finished my verification at Coinbase after numerous attempts in the last week. I now have 2 successfully verified out of 9 attempts, freaking frustrating.

Tips:

1. both of my verifications succeeded from the Coinbase Mobile app, none from the website. If not already, download the app and go to Settings > Identity verifications > click the + button in top right corner
   
   
2. Try different documents. I tried with ID card, passport and driving license. The first successful was my driving license (attempt 7/9). Today my passport was accepted too (attempt 9/9).
   
   
3. Try verifying at different times of the day, for example once in the early morning, once around noon and once in the evening/night. But no more than once or you will hit your daily limits quickly.

I tre

You need to use another exchange like Binance or Kraken. I use Binance.

Google tutorials on how to transfer coin to Binance.

Usual scenario is
Set up account on Coinbase > buy Eth or BTC > send money to Binance wallet > convert that coin into whatever crypto you want.

#1 most important thing to do in crypto is research. If you can’t google something as simple as “how do I buy xxx crypto with US dollars”, you’re better off playing the lottery.

Why google, when Scot explains it better than everybody on google. Thanks, Man!

 

[scott wisniewsk]

Here is a great market cap site with all the coins listed .If you want to know where to buy the specific coin click on the coin it self and look for Market .click on market and it will show all markets that coin is trading on .All Cryptocurrencies | CoinMarketCap then you will know where to buy that coin from.

 

[lonewolf28]

Here is a great market cap site with all the coins listed .If you want to know where to buy the specific coin click on the coin it self and look for Market .click on market and it will show all markets that coin is trading on .All Cryptocurrencies | CoinMarketCap then you will know where to buy that coin from.

Thanks Scott!

 

[James Fake]

Big strategy change for me.. Without going into too much detail,.. the main constraint factor here is "time".. which has taken me away from long holds to only 10% of overall portfolio (pretty much, enough so one does not get fomo they are missing out when Btc, Ltc, or Eth decides to go on a 100% run and you are parked else where)... the other 90% is swing trade bankroll.

Also; in a previous post; I defined trying to capitalize on the intra-day up and down swings as 'swing trading'.. my definition was wrong; that is actually defined as 'day trading' in technical terms.

 

[MrYoshi]

Quantstamp was launched by a couple of the guys in my crypto syndicate...it's a great project...

And we did pretty well on the ICO...

Vitalik went there as well until he dropped out. The engineering school is filled with aliens lol.

 

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[Tom.V]

Big strategy change for me.. Without going into too much detail,.. the main constraint factor here is "time".. which has taken me away from long holds to only 10% of overall portfolio (pretty much, enough so one does not get fomo they are missing out when Btc, Ltc, or Eth decides to go on a 100% run and you are parked else where)... the other 90% is swing trade bankroll.

Also; in a previous post; I defined trying to capitalize on the intra-day up and down swings as 'swing trading'.. my definition was wrong; that is actually defined as 'day trading' in technical terms.

This is a huge conflict for me right now. Trying to find that sweet spot for risk capital allocation is such a pain when there is so much pump going on across the entire market. I've made my plays at this point, and am sitting around 60/40 trade/hold right now, but need to get that number close to 75/25 before I put any more into long holds.

Curious to see if Bitcoin takes another shot up, then subsequent smash down after breaking through $20k. Ride the wave.

 

[B. Cole]

This is a huge conflict for me right now. Trying to find that sweet spot for risk capital allocation is such a pain when there is so much pump going on across the entire market. I've made my plays at this point, and am sitting around 60/40 trade/hold right now, but need to get that number close to 75/25 before I put any more into long holds.

Curious to see if Bitcoin takes another shot up, then subsequent smash down after breaking through $20k. Ride the wave.

Bitcoin scared me into selling when it was dropping below 19,100 after a good run into the upper 19’s. Bought back in at 19,200 and been riding it since. Binance account finally cleared but the site has been so slow; I haven’t attempted to transfer into it for alts for fear of it locking up. This whole game is shaky AF right now.

Did make 10 percent on BTC in GDAX the past day and a half, but I’m only playing with $1200 cause that’s what my FYP (F*ck you pot) had in it. Have been learning the systems and trying to go from speculation to educated guess on moves. I stick with my original sentiment, it’s distracting and risky as hell, not very healthy for my fastlane. Hope to grow some more, diversify and park it. I refuse to put any more FYP money into it than I already have, we’ll see how it goes.

 

[LifeTransformer]

Kik Ditches Ethereum "The Dial-Up" Cryptocurrency - Bitcoin News

 

[biophase]

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 was 33% BTC, ETH and LTC. But the run up of ETH and LTC has made it more 10%, 40%, 50%

 

[biophase]

Not using this as a long-term investment strategy.

I think when my account reaches Ferrari level, I'll cash out and buy. lol

But there is always the fear of being the guy who bought a used Ferrari for $10,000,000,000. Just like the pizza guy.

 

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[MetalGear]

I was 33% BTC, ETH and LTC. But the run up of ETH and LTC has made it more 10%, 40%, 50%

• I ended up keeping it simple too.
• Trading has distracted me from my SaaS Fastlane goal...

1. ETH 35%
2. IOTA 25%
3. LTC 20%
4. BTC 10%
5. RIP 10%

 

[biophase]

I tried to open a Coinbase account in June and could not get verified. Tried again in July, didn't work. It was never a huge priority. Then in October I finally got verified, deposited money and bought some stuff. Treating it all as education at the time. No sense of urgency. But ended up paying over 2-3x more for everything for just being lazy.

So even if you are on the sideline, I'd say set up that account, because the waiting times could be huge and cost you alot.

As with MJ, this is all a learning experience for me. I am treating it as such. I actually sent $15 to a friend in BTC the other day. It was pretty cool to do it using QR codes. Transaction fee was $15 lol.

I also sold some ETH and transferred it back into my bank account just to see the process and time frame.

I also transferred some BTC from coinbase to bittrex to see how that worked and how long it took.

I feel it is important to understand all these processes so when the time comes you aren't struggling to figure out how to do things.

 

[NickC]

I suggest to those who are holding alot of alternate crypto currencies to transfer back to BTC. Good chance bitcoin runs up to at least 22,000 tomorrow with the launch of futures.

 

[happybhoy]

I think when my account reaches Ferrari level, I'll cash out and buy. lol

But there is always the fear of being the guy who bought a used Ferrari for $10,000,000,000. Just like the pizza guy.

I came to this game to cure my FOMO, but now I'm here it feels awfully like the Hotel California...

 

[biophase]

I suggest to those who are holding alot of alternate crypto currencies to transfer back to BTC. Good chance bitcoin runs up to at least 22,000 tomorrow with the launch of futures.

But the question is so what? You buy at $19k and do you sell at $22k? You are betting on a 15% increase in a day. Are you going to sell at $22k?

What is your strategy here?

I'm probably looking at this from a different perspective, but I'm not trying to get rich off of these coins. I'm going for ROI. To give you an example, when BTC had it's run up from $8k to $18k, I dumped my money into LTC at $100 instead of BTC. This may not be a great long term play, but LTC has returned 3x at $300+ now, vs. BTW at 1.5x at $19,000.

So the question is, are you trying to accumulate as many coins as possible and hold, or are you trading for ROI for some goal?

If you are long on coins, you shouldn't be moving them around trying to catch little spikes. If I sell on my LTC and move to BTC, will I have more money in 5 years than if I kept all my LTC?

 

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[madmoney]

But the question is so what? You buy at $19k and do you sell at $22k? You are betting on a 15% increase in a day. Are you going to sell at $22k?

What is your strategy here?

I'm probably looking at this from a different perspective, but I'm not trying to get rich off of these coins. I'm going for ROI. To give you an example, when BTC had it's run up from $8k to $18k, I dumped my money into LTC at $100 instead of BTC. This may not be a great long term play, but LTC has returned 3x at $300+ now, vs. BTW at 1.5x at $19,000.

So the question is, are you trying to accumulate as many coins as possible and hold, or are you trading for ROI for some goal?

If you are long on coins, you shouldn't be moving them around trying to catch little spikes. If I sell on my LTC and move to BTC, will I have more money in 5 years than if I kept all my LTC?

 

[NickC]

But the question is so what? You buy at $19k and do you sell at $22k? You are betting on a 15% increase in a day. Are you going to sell at $22k?

What is your strategy here?

I'm probably looking at this from a different perspective, but I'm not trying to get rich off of these coins. I'm going for ROI. To give you an example, when BTC had it's run up from $8k to $18k, I dumped my money into LTC at $100 instead of BTC. This may not be a great long term play, but LTC has returned 3x at $300+ now, vs. BTW at 1.5x at $19,000.

So the question is, are you trying to accumulate as many coins as possible and hold, or are you trading for ROI for some goal?

If you are long on coins, you shouldn't be moving them around trying to catch little spikes. If I sell on my LTC and move to BTC, will I have more money in 5 years than if I kept all my LTC?

Yeah I should have been more specific my apologies. IF you are holding long term then stick with what you believe in. But if you're trading alts short term then its highly advised to transfer to btc, because if bitcoins goes up a ton you will essentially lose alot because you had your money parked in alternate coins and when you go to sell those alts you will either take a loss or be stuck holding them. Me personally I am day/week trading alts and making at least 5-10% a day. Come tomorrow if bitcoin actually skyrockets it will be like cyber monday for alts. That's when I will capitalize.

 

[biophase]

View attachment 17237 View attachment 17236

That chart doesn't answer anything. Are you trying to say that you are holding forever?

 

[madmoney]

That chart doesn't answer anything. Are you trying to say that you are holding forever?

its the DOW of coins

theres only 21m coins in bitcoin not sure if its possible to make anymore new coins.
the graph is just stating how many coins have been mined and how many are left to mine. depending on its scarcity thats why people are guessing to be 1coin=1m .

the fees are killing to trade everyday so im just holding. But imo it will reach higher tomorrow before another correction comes indefinitely