Bitcoin / Crypto (merged)

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  • kalamazookalamazoo Members Posts: 480 ✭✭
    LeftyLuck wrote:


    What are your guys opinions on this Bitcoin Cash? Is it sustainable?

    I bought 150 dollars of it and will see how it goes.




    At this point, I have no thoughts about any coin...anything can happen. The market and time will decide if BTC Cash will survive or not.



    Also depends what angle you’re asking from: Are you day trading or long term holding?
  • LeftyLuckLeftyLuck Advanced Member Unregistered Posts: 464 ✭✭
    edited Dec 27, 2017 #63
    kalamazoo wrote:

    LeftyLuck wrote:


    What are your guys opinions on this Bitcoin Cash? Is it sustainable?

    I bought 150 dollars of it and will see how it goes.




    At this point, I have no thoughts about any coin...anything can happen. The market and time will decide if BTC Cash will survive or not.



    Also depends what angle you're asking from: Are you day trading or long term holding?


    I am trying to forget about my holding and one day 5 years from now, I hear about bitcoin cash on the news or something and look at the account and see millions of dollars image/smile.png' class='bbc_emoticon' alt=':)' />
  • MelanchthonMelanchthon Members Posts: 58
    Ripple (XRP) has been really good for me. Cardano (ADA) is another I’m optimistic about.
  • CrashhaysCrashhays Members Posts: 578 ✭✭


    Ripple (XRP) has been really good for me. Cardano (ADA) is another I’m optimistic about.




    How do I get XRP? I know that might be a stupid question but I haven’t fully understood how someone in the states get XRP. Using Coinbase is easy for the “big 4” but everything I read on XRP makes me want to make a very small investment in it. Obviously didn’t pay any attention to BTC or LTC until it became massive
  • CrashhaysCrashhays Members Posts: 578 ✭✭
    Maybe the best question is what wallet do you recommend for XRP?
  • ericm007ericm007 Be the ball! Members Posts: 383 ✭✭
    Crashhays wrote:


    Maybe the best question is what wallet do you recommend for XRP?




    I use the Ledger Nano S. Pretty easy to use and you can put your Bitcoin, Ethereum and a few other coins in it.
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  • McCann1McCann1 Tour Player Members Posts: 1,723 ✭✭
    ericm007 wrote:

    Crashhays wrote:


    Maybe the best question is what wallet do you recommend for XRP?




    I use the Ledger Nano S. Pretty easy to use and you can put your Bitcoin, Ethereum and a few other coins in it.
    I also use this. I actually put all my online currency into XRP two weeks ago. I usually just buy litecoin from coinbase, use shapeshift to convert it into XRP and then deposit it into my usb wallet
    Enjoy the chase.
  • raynorfan1raynorfan1 Members Posts: 3,519 ✭✭
    I can’t decide whether I think “bubble” or “ponzi scheme” is a better descriptor of BTC...but I’m leaning towards the latter...
  • MelanchthonMelanchthon Members Posts: 58
    Crashhays wrote:



    Ripple (XRP) has been really good for me. Cardano (ADA) is another I’m optimistic about.




    How do I get XRP? I know that might be a stupid question but I haven’t fully understood how someone in the states get XRP. Using Coinbase is easy for the “big 4” but everything I read on XRP makes me want to make a very small investment in it. Obviously didn’t pay any attention to BTC or LTC until it became massive




    I but ether on coinbase and then deposit it on binance. Exchange the ether for ripple on binance. I use toast wallet.



    Crazy volatile yesterday went from about $1.30 to $2.90 late in the day. Back down to about $1.90 this morning.



    I wouldn’t advise putting all your money in any single crypto. Just like any other investment, I recommend you diversify on a number of coins.
  • chickenpotpiechickenpotpie #TeamJetSpeed Members Posts: 8,537 ✭✭
    raynorfan1 wrote:


    I can’t decide whether I think “bubble” or “ponzi scheme” is a better descriptor of BTC...but I’m leaning towards the latter...




    I think you are correct about 98+% of the coins out there. But I think there are some that will continue to hold some value. Which ones? Who knows.
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  • MelanchthonMelanchthon Members Posts: 58
    edited Dec 30, 2017 #72

    raynorfan1 wrote:


    I can’t decide whether I think “bubble” or “ponzi scheme” is a better descriptor of BTC...but I’m leaning towards the latter...




    I think you are correct about 98+% of the coins out there. But I think there are some that will continue to hold some value. Which ones? Who knows.




    That is the million dollar question - which ones will be the winners? I’m in for ripple, Litecoin, Cardano and iota.
  • Matchplay10033Matchplay10033 Posts: 623 ✭✭
    McCann1 wrote:

    ericm007 wrote:

    Crashhays wrote:


    Maybe the best question is what wallet do you recommend for XRP?




    I use the Ledger Nano S. Pretty easy to use and you can put your Bitcoin, Ethereum and a few other coins in it.
    I also use this. I actually put all my online currency into XRP two weeks ago. I usually just buy litecoin from coinbase, use shapeshift to convert it into XRP and then deposit it into my usb wallet




    I buy bitcoin in Gemini or Coinbase, then transfer it over to kraken and convert it to XRP. The entire market is somewhat crazy ! To get some of the other coins you need a Bittrex account. I just bought a couple of hundred dollars worth of verge.
  • MelanchthonMelanchthon Members Posts: 58
    I use coinbase and then transfer to binance. (Binance has a referral benefit program so let me know if you want to open an account t there.) Binance is booming right now and is likely to become the top exchange soon. Lots of trading pairs, reliable, and cheap fees especially if you purchase their coin (BNB) and use it to pay the exchange fees. It saves you 50%, for now. the discount will drop each succeeding year.



    I’ve done a lot of reading. We are definitely in a bubble. But like the tech bubble of the 90s, there will be a handful of powerhouses that emerge out of the carnage of all the weaker coins (just like amazon, google, eBay, etc. came out of the tech bubble.). I’ve become convinced the most likely coins positioned to do that are ripple and Cardano. Both have the top technology behind them, world class development teams and a roadmap that makes sense and it already making inroads with major financial players. Once they both get active I think they will explode. Some risk, yes, but worth it IMO because of the potential payoff. Both are already up well over 100% in the last three weeks.
  • LouieLouieLouieLouie Posts: 214 ✭✭
    edited Jan 4, 2018 #75
    I'm just getting into all of this and have found that it is nearly impossible to get an account established these past few days. Even coinbase seems to be down. I signed up for a kraken account and it is still pending. binance, bitfinex, and bittrex are all not accepting new accounts.



    I'm hoping to put a little money into XRP and maybe a few of the others off the beaten path. Sounds like Cardana is the way to go for now.
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  • HoosierMizunoHoosierMizuno Members Posts: 3,346 ✭✭
    edited Jan 4, 2018 #76
    i too have been told this is all a bubble and it will eventually pop. the problem with this is there is a lot of money to be made in the meantime. invest an amount you that wouldn't crush you if you lost. then take profits along the way.



    so you put in 5k. take 50% of your weekly return until you pay off your initial debt. Now you have house money. now just take 10% or 20% profits every time you double your stack. and if you pick the right cryptos this will happen more than you would expect.



    no one knows if the bubble for bitcoin bursts tomorrow at 16k, july at 30k, or next year at 150k. the important thing is to cash out portions of profits on the way up.



    personally i don't think we've even begun to reach the point where the bubble will pop. i think we're only at the start of the crypto craze. way too much money still sitting on the sidelines.
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  • CrashhaysCrashhays Members Posts: 578 ✭✭
    LouieLouie wrote:


    I'm just getting into all of this and have found that it is nearly impossible to get an account established these past few days. Even coinbase seems to be down. I signed up for a kraken account and it is still pending. binance, bitfinex, and bittrex are all not accepting new accounts.



    I'm hoping to put a little money into XRP and maybe a few of the others off the beaten path. Sounds like Cardana is the way to go for now.




    That’s weird. I was able to sign up on binance yesterday.
  • MelanchthonMelanchthon Members Posts: 58
    TRON (TRX) is a third coin I really like.
  • moegolfer11moegolfer11 steal your face right off your head Members Posts: 2,185 ✭✭
    Just bought 60 XRP just to mess around with. If it takes off great, if not whatever. The rule of thumb is to never invest what you are not willing to lose. Roughly have about 60% of my portfolio in Bitcoin, 35% in Ether, and 5% in XRP. Going to be interesting to see where XRP goes now that the hype is gone about Coinbase possibly adding it. I think they might be a bit abrasive to add new coins to their wallet because of what happened when they added Bitcoin Cash. That **** near dropped Bitcoin 15%
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  • LouieLouieLouieLouie Posts: 214 ✭✭
    Crashhays wrote:

    LouieLouie wrote:


    I'm just getting into all of this and have found that it is nearly impossible to get an account established these past few days. Even coinbase seems to be down. I signed up for a kraken account and it is still pending. binance, bitfinex, and bittrex are all not accepting new accounts.



    I'm hoping to put a little money into XRP and maybe a few of the others off the beaten path. Sounds like Cardana is the way to go for now.




    That's weird. I was able to sign up on binance yesterday.




    hmmm I will have to try again. I can usually create an account but can't get verified to deposit money. I was able to get on coinbase last night so I'm heading down the right path at least. Thanks for the heads up about binance.
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  • MelanchthonMelanchthon Members Posts: 58
    edited Jan 7, 2018 #81
    Ether is really taking off. I see it taking a big chunk of BTC’s share of the market as the intermediary coin of choice because the exchange and transfer fees are WAY lower.
  • dcmidnightdcmidnight Marshals, BST Volunteer Mods Posts: 11,535 mod
    edited Jan 7, 2018 #82
    Personally I like Binance the most and find that they are definitely upgrading their app with some regularity. I know they had shut down new signsups briefly while they were upgrading their hardware within the last week. But I think their app is the best that I've seen.



    The thing I like most about Binance - certainly over and above Coinbase - is the ability to set Stop Loss orders on each coin. Leaving all your money in Coinbase IMO is just asking for trouble if something really terrible happens while you're sleeping/at work etc.



    I am pretty evenly spread across LTC, XRP, TRX and XVG right now. The smaller coins I like geting into @ $.25-50 or so and hoping that one pops. XRP certainly seems to be falling into this category. I am completely out of BTC.
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  • LeftyLuckLeftyLuck Advanced Member Unregistered Posts: 464 ✭✭
    dcmidnight wrote:


    Personally I like Binance the most and find that they are definitely upgrading their app with some regularity. I know they had shut down new signsups briefly while they were upgrading their hardware within the last week. But I think their app is the best that I've seen.



    The thing I like most about Binance - certainly over and above Coinbase - is the ability to set Stop Loss orders on each coin. Leaving all your money in Coinbase IMO is just asking for trouble if something really terrible happens while you're sleeping/at work etc.



    I am pretty evenly spread across LTC, XRP, TRX and XVG right now. The smaller coins I like geting into @ $.25-50 or so and hoping that one pops. XRP certainly seems to be falling into this category. I am completely out of BTC.


    I invested in XVG too. Same reasoning, trying to get one to go up 400%. How long are you looking to hold it?
  • chickenpotpiechickenpotpie #TeamJetSpeed Members Posts: 8,537 ✭✭
    edited Jan 7, 2018 #84
    dcmidnight wrote:


    Personally I like Binance the most and find that they are definitely upgrading their app with some regularity. I know they had shut down new signsups briefly while they were upgrading their hardware within the last week. But I think their app is the best that I've seen.



    The thing I like most about Binance - certainly over and above Coinbase - is the ability to set Stop Loss orders on each coin. Leaving all your money in Coinbase IMO is just asking for trouble if something really terrible happens while you're sleeping/at work etc.



    I am pretty evenly spread across LTC, XRP, TRX and XVG right now. The smaller coins I like geting into @ $.25-50 or so and hoping that one pops. XRP certainly seems to be falling into this category. I am completely out of BTC.




    But in your example, is a stop loss really useful? I mean if the bottom falls out of a given coin, there will be few or no buyers, and you might still end up taking the loss. Maybe it protects some, but it's still the Wild Wild West out there.
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  • dcmidnightdcmidnight Marshals, BST Volunteer Mods Posts: 11,535 mod
    I'd rather have the option to have a stop limit order in place - or just a stop - then nothing at all. With something like Coinbase you have no options at all.



    There are always buyers on these dips, at least I havent looked at many charts yet where there havent been.
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  • HoosierMizunoHoosierMizuno Members Posts: 3,346 ✭✭
    edited Jan 7, 2018 #86
    Coinbase has GDAX. you can instantly transfer your money for free between the two. GDAX is their trading platform and has stop loss capabilities. Stop losses can hurt just as much as help. be careful. with crypto volitillity, you can easily trigger a stop and sell only to have it rebound soon after and you'll lose a lot of your profits. its easy to have your stop loss kick in over night during a dip, and then wake up and see the price has gone up from when you went to bed...only to see that you sold during the night at lesser price because of a quick dip.



    i actually prefer to take your profits and consider where you would put your stop loss. then put a limit order in at that price. if the price dips hard thats when you want to be buying, not selling. sell on the way up, buy on the way down
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  • MelanchthonMelanchthon Members Posts: 58


    Coinbase has GDAX. you can instantly transfer your money for free between the two. GDAX is their trading platform and has stop loss capabilities. Stop losses can hurt just as much as help. be careful. with crypto volitillity, you can easily trigger a stop and sell only to have it rebound soon after and you'll lose a lot of your profits. its easy to have your stop loss kick in over night during a dip, and then wake up and see the price has gone up from when you went to bed...only to see that you sold during the night at lesser price because of a quick dip.



    i actually prefer to take your profits and consider where you would put your stop loss. then put a limit order in at that price. if the price dips hard thats when you want to be buying, not selling. sell on the way up, buy on the way down




    Exactly. And last night was a great example. If you put the stop loss at $2.00 you sell and miss the inevitable bounce back.
  • moegolfer11moegolfer11 steal your face right off your head Members Posts: 2,185 ✭✭
    Bitcoin taking a hit as Ethereum has been on the rise. I am becoming more of a believer in ETH than BTC. Better fundamentals IMO. Also noticed Kodak has announced it is using the ETH smart contracts to give photographers ownership of photos. Kodak stock has been climbing as well
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  • MelanchthonMelanchthon Members Posts: 58
    Ethereum will continue to go up. It will kick bitcoin’s butt over time.
  • HoosierMizunoHoosierMizuno Members Posts: 3,346 ✭✭


    Bitcoin taking a hit as Ethereum has been on the rise. I am becoming more of a believer in ETH than BTC. Better fundamentals IMO. Also noticed Kodak has announced it is using the ETH smart contracts to give photographers ownership of photos. Kodak stock has been climbing as well




    kodak did what will become a trend for more companies going forward...throw around the words 'blockchain yada yada something blockchain' and then watch stock see a jump in price.
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  • bscinstnctbscinstnct Members Posts: 26,099 ✭✭
    Worth keeping an eye on....







    http://www.zdnet.com/article/reckon-your-ico-tokens-arent-securities-the-sec-chair-says-they-likely-are/





    Reckon your ICO tokens aren't securities? The SEC chair says they likely are







    Clayton struck out at the idea of an ICO avoiding security laws simply because the traditional ledger is replaced by a blockchain entry.



    A change in the structure of a securities offering does not change the fundamental point that when a security is being offered, our securities laws must be followed," Clayton wrote in a statement.

    "By and large, the structures of initial coin offerings that I have seen promoted involve the offer and sale of securities and directly implicate the securities registration requirements and other investor protection provisions of our federal securities laws."


    "Generally speaking, these laws provide that investors deserve to know what they are investing in and the relevant risks involved."


    Clayton warned "Main Street" investors that if they participate in any coin offerings, they go in with their eyes open, and be aware that no ICOs have registered with the SEC.
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