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OT any of you investing in Cryptocurrencies?

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Re: OT any of you investing in Crypto? 

Post#1001 » by Im Coming Home » Tue Jan 30, 2018 1:20 am

Anyone else thinking we might see a bump in coin values due to tax returns coming soon?
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Re: OT any of you investing in Crypto? 

Post#1002 » by RHODEY » Tue Jan 30, 2018 2:03 am

Im Coming Home wrote:Anyone else thinking we might see a bump in coin values due to tax returns coming soon?


Yes...

http://www.businessinsider.com/cryptocurrency-bitcoin-markets-tumbled-early-in-the-year-but-this-has-happened-before-2018-1
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Re: OT any of you investing in Crypto? 

Post#1003 » by Im Coming Home » Tue Jan 30, 2018 2:07 am

RHODEY wrote:
Im Coming Home wrote:Anyone else thinking we might see a bump in coin values due to tax returns coming soon?


Yes...

http://www.businessinsider.com/cryptocurrency-bitcoin-markets-tumbled-early-in-the-year-but-this-has-happened-before-2018-1

Cool. This makes me want to buy more ADA and TRX to be honest before the dipping down is over. Maybe I'll grab more tomorrow.
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Re: OT any of you investing in Crypto? 

Post#1004 » by IAmTheBest » Tue Jan 30, 2018 7:35 am

great time to get xlm

just sayin
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Re: OT any of you investing in Crypto? 

Post#1005 » by earthmansurfer » Tue Jan 30, 2018 7:53 am

IAmTheBest wrote:great time to get xlm

just sayin


I tend to agree here. I tend to stay away from Ripple, but I do like Stellar. I think for payments it is great tech, and not quite as centralized as Ripple.
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Re: OT any of you investing in Crypto? 

Post#1006 » by IAmTheBest » Tue Jan 30, 2018 8:08 am

earthmansurfer wrote:
IAmTheBest wrote:great time to get xlm

just sayin


I tend to agree here. I tend to stay away from Ripple, but I do like Stellar. I think for payments it is great tech, and not quite as centralized as Ripple.


Yeah - I think stellar has potential in the blockchain world. I bought some earlier but i ended up using them all to buy mobius on the stellar term exchange. i think Mobius could become huge in the future (mobius was actually a project built on the stellar platform - and it's actually a partner with waltonchain, which i know you like) Decided to go after it while it was still directly post-ico

And buying stellar now would even be a good position hold. It's leveling out in the .00049-.000052 BTC range....i'm buying some now and staggering sell orders at around .000061. might eventually get back into stellar for a long term position but right now im focusing on ICX and WTC since they making big moves at the moment.
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Re: OT any of you investing in Crypto? 

Post#1007 » by KNIXFAN_83 » Tue Jan 30, 2018 12:08 pm

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Re: OT any of you investing in Crypto? 

Post#1008 » by NBA Fan 1234 » Tue Jan 30, 2018 6:48 pm

What the hell happened?
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Re: OT any of you investing in Crypto? 

Post#1009 » by IllmaticHandler » Tue Jan 30, 2018 7:09 pm

Knickstape1214 wrote:What the hell happened?


Damn I just checked. Supreme Bloodbath all around. In one of the telegram groups, some people speculated that the Tether Spit might have caused it. Something about it being tied to Bitcoin. Not sure how true that it is.
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Re: OT any of you investing in Crypto? 

Post#1010 » by ZKnicks » Tue Jan 30, 2018 7:11 pm

This is just brutal.
I'm still hodling, but it is painful to check out my portfolio right now.
Down 1/3 overall :banghead: :banghead: :banghead: :banghead:
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Re: OT any of you investing in Crypto? 

Post#1011 » by NBA Fan 1234 » Tue Jan 30, 2018 7:13 pm

IllmaticHandler wrote:
Knickstape1214 wrote:What the hell happened?


Damn I just checked. Supreme Bloodbath all around. In one of the telegram groups, some people speculated that the Tether Spit might have caused it. Something about it being tied to Bitcoin. Not sure how true that it is.


I saw Tether is being audited, but damn. Ah well, still holding.
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Re: OT any of you investing in Crypto? 

Post#1012 » by IllmaticHandler » Tue Jan 30, 2018 7:15 pm

Check out what Smartlands is doing. It was just released on the Stellars Network a few days ago :o . Another Coin Just changed their protcol and will now be using stellar as well called KIN.


https://coinmarketcap.com/currencies/smartlands/
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Re: OT any of you investing in Crypto? 

Post#1013 » by IllmaticHandler » Tue Jan 30, 2018 7:20 pm

Fresh off the Bloomberg Press. Something Fishy is going on over there...The Regulators are def coming.


U.S. Regulators Subpoena Crypto Exchange Bitfinex, Tether




U.S. regulators are scrutinizing one of the world’s largest cryptocurrency exchanges as questions mount over a digital token linked to its backers.

The U.S. Commodity Futures Trading Commission sent subpoenas on Dec. 6 to virtual-currency venue Bitfinex and Tether, a company that issues a widely traded coin and claims it’s pegged to the dollar, according to a person familiar with the matter, who asked not to be identified discussing private information. The firms share the same chief executive officer.

Tether’s coins have become a popular substitute for dollars on cryptocurrency exchanges worldwide, with about $2.3 billion of the tokens outstanding as of Tuesday. While Tether has said all of its coins are backed by U.S. dollars held in reserve, the company has yet to provide conclusive evidence of its holdings to the public or have its accounts audited. Skeptics have questioned whether the money is really there.

“We routinely receive legal process from law enforcement agents and regulators conducting investigations,” Bitfinex and Tether said Tuesday in an emailed statement. “It is our policy not to comment on any such requests.”

Erica Richardson, a CFTC spokeswoman, declined to comment.

Bitcoin tumbled 11 percent to $9,986.92 at 1:54 p.m. in New York. The virtual currency hasn’t closed below $10,000 since November, according to a composite of prices compiled by Bloomberg.

See also: Mystery shrouds Tether and its links to Bitcoin exchange

While Tether and Bitfinex don’t disclose on their websites or in public documents where they’re located or who’s in charge, Ronn Torossian, a spokesman for the firms, said in a Dec. 3 email that Jan Ludovicus van der Velde is the CEO of both. Phil Potter is a Tether director, according to documents -- dubbed the Paradise Papers -- recently leaked by the International Consortium of Investigative Journalists. He’s also the chief strategy officer at Bitfinex.

Last year, Wells Fargo & Co. ended its role as a correspondent bank through which customers in the U.S. could send money to bank accounts held by Bitfinex and Tether in Taiwan. The firms sued the lender, but later withdrew the complaint. Torossian previously declined to identify the banks used by Bitfinex unless a non-disclosure agreement was signed, which Bloomberg News refused.

No Audit

While little public information exists about how tethers are created, market pricing suggests traders believe that each coin is worth $1. Trading the token for Bitcoin at Bitfinex has helped drive up Bitcoin prices, Barry Leybovich, a product manager at IPC Systems Inc. who creates risk and compliance products for financial institutions interested in blockchain applications, said last month.

A document on Tether’s website, compiled by accounting firm Friedman LLP, shows it had $443 million and 1,590 euros ($1,970) in bank accounts as of Sept. 15. Tether tokens were valued at $420 million that day, according to Coinmarketcap.com. Tether hasn’t identified the banks where that money was held, and their names were blacked out in the document.

Friedman said in its report that it didn’t investigate the reliability of Tether’s records. The accounting firm and Tether have recently cut ties, Tether said in a separate statement Monday.

“Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable timeframe,” Tether said.

Friedman didn’t reply to messages seeking comment.

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Re: OT any of you investing in Crypto? 

Post#1014 » by E-Balla » Tue Jan 30, 2018 7:22 pm

Just saw the XRB drop. Bitgrail is a **** ain't it?
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Re: OT any of you investing in Crypto? 

Post#1015 » by EnigmatiC » Tue Jan 30, 2018 9:31 pm

Been a tough month for real. However we need to stay focused on the big picture here. Mainstream media is increasingly reporting on crypto which is increasing exposure to the general public. If we are invested I think it's safe to say we are believers of this technology and believe it is the future. If and when the general public jump on the wave in the coming years the buyers and holders will be sitting pretty. Find some great coins to buy and just sit on em. These daily and weekly fluctuations will mean nothing in the long term. And as always, stay woke.
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Re: OT any of you investing in Crypto? 

Post#1016 » by Im Coming Home » Tue Jan 30, 2018 9:34 pm

I'm buying more ADA as its down to $.53
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Re: OT any of you investing in Crypto? 

Post#1017 » by bigfnjoe96 » Tue Jan 30, 2018 11:54 pm

Crazy month... After some noob moves and hopefully the settling of the market, I'm down about 40% of my money. With that said this is what I'm hodling for the long term with:

TRX @.7 and XML @.57

It's ride or die with these 2 coins....

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Re: OT any of you investing in Crypto? 

Post#1018 » by IllmaticHandler » Wed Jan 31, 2018 12:33 am

Here to verify Lumenauts is Legit, and I got my first community pool deposit this morning.
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Re: OT any of you investing in Crypto? 

Post#1019 » by IAmTheBest » Wed Jan 31, 2018 12:33 am

bigfnjoe96 wrote:Crazy month... After some noob moves and hopefully the settling of the market, I'm down about 40% of my money. With that said this is what I'm hodling for the long term with:

TRX @.7 and XML @.57

It's ride or die with these 2 coins....

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any particular reason you ride or die with these two coins?

XLM is a really good coin imo....TRX on the other hand is one of the worst imo and especially for a long term hold.

just pointing this stuff out because you said you made some noob mistakes and i dont want you making another one, that is, not cutting your losses and formulating an exit strategy if you start changing your opinion of something. nothing should be 100% absolute in investing. ride or die/emotional attachment really isnt the name of the game when it comes to investing
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Re: OT any of you investing in Crypto? 

Post#1020 » by Fortune55 » Wed Jan 31, 2018 1:10 am

IllmaticHandler wrote:
Fortune55 wrote:
IllmaticHandler wrote:Anyone wants an Invite let me know.


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My man hit me up plz!!


check if it's in your state first. Its only in a few states. Like 5-6


I will still invite if its not and you want an invite. let me know


Yeah I live in MA.
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