OT any of you investing in Cryptocurrencies?

[nyczlegacy]

thanks. very telling charts.

ROFL worst **** post i've seen in this thread

you can't compare the two. AT ALL.

[nykgeneralmanager]

Its not that Random. Its in the last year when bitcoin hysteria happened and it reach its ATH. So it's not cherry picking, its that bitcoin has come to fit the model proposed in the first picture in the last year.

Right, so picking the last year because it fits well is cherry-picking. As I said, you could make the same chart of bitcoin 10 other times. So what good is it?

Lets look at a log chart for perspective

a classic example of missing the point. Its only in the last year that it fits the Model.

You focusing on the chart and missing the bullet points. Everything kinda laid in his model of a bubble happened this year. BitCoin became Mainstream with Media and all the FOMOing etc THIS YEAR. Charts for any other year does not apply.

I disagree. Institutional money isn't even in yet - if anything, they are maybe getting in on this correction...trust me, they were not buying in at 15k. The public money is barely in. Yes we hear stories of waiters and uber drivers talking about it, but it's not really meaningful because what we don't hear about is that 99% of waiters and uber drivers have no idea what it is. What, 2% of Americans own ANY crypto? How many people in the entire world own any, a couple hundred million at most? Yes some money came in in 2017 and it helps make for a pretty bubble chart, but we haven't seen anything yet.

[IllmaticHandler]

Right, so picking the last year because it fits well is cherry-picking. As I said, you could make the same chart of bitcoin 10 other times. So what good is it?

Lets look at a log chart for perspective

a classic example of missing the point. Its only in the last year that it fits the Model.

You focusing on the chart and missing the bullet points. Everything kinda laid in his model of a bubble happened this year. BitCoin became Mainstream with Media and all the FOMOing etc THIS YEAR. Charts for any other year does not apply.

I disagree. Institutional money isn't even in yet - if anything, they are maybe getting in on this correction...trust me, they were not buying in at 15k. The public money is barely in. Yes we hear stories of waiters and uber drivers talking about it, but it's not really meaningful because what we don't hear about is that 99% of waiters and uber drivers have no idea what it is. What, 2% of Americans own ANY crypto? How many people in the entire world own any, a couple hundred million at most? Yes some money came in in 2017 and it helps make for a pretty bubble chart, but we haven't seen anything yet.

Well, thats where I disagree. "Institutional money" to me is nothing but a cute way of saying a WHALE. And trust there is a **** load of Whales in Crypto. They are the one who truly move the market, not the uber driver. I personally will be surprised if Bitcoin eclipses its ATH of last year.

[nykgeneralmanager]

a classic example of missing the point. Its only in the last year that it fits the Model.

You focusing on the chart and missing the bullet points. Everything kinda laid in his model of a bubble happened this year. BitCoin became Mainstream with Media and all the FOMOing etc THIS YEAR. Charts for any other year does not apply.

I disagree. Institutional money isn't even in yet - if anything, they are maybe getting in on this correction...trust me, they were not buying in at 15k. The public money is barely in. Yes we hear stories of waiters and uber drivers talking about it, but it's not really meaningful because what we don't hear about is that 99% of waiters and uber drivers have no idea what it is. What, 2% of Americans own ANY crypto? How many people in the entire world own any, a couple hundred million at most? Yes some money came in in 2017 and it helps make for a pretty bubble chart, but we haven't seen anything yet.

Well, thats where I disagree. "Institutional money" to me is nothing but a cute way of saying a WHALE. And trust there is a **** load of Whales in Crypto. They are the one who truly move the market, not the uber driver. I personally will be surprised if Bitcoin eclipses its ATH of last year.

Institutional money to me is hedge funds, pensions funds, etc. They haven't been able to truly buy in because of custodial issues. There is no public money in this yet in the grand scheme of things. If you want to see public money, just wait until if/when ETFs gain approval one day and people start to own it as a piece of their 401k and IRA accounts just as they would any other asset class.

At its current market cap, bitcoin accounts for about 0.20% of the ~$75 trillion global stock market and about 0.15% of the global money supply.

I would be shocked if bitcoin doesn't cruise past the previous ATH and way beyond. There is hardly any money in this at all, people just get caught up in the media hype.

What you are saying is exactly what people said the last 10 times bitcoin went through a 40%+ correction.

https://99bitcoins.com/bitcoinobituaries/

[NBA Fan 1234]

Where were the haters during the rise?

[IllmaticHandler]

I disagree. Institutional money isn't even in yet - if anything, they are maybe getting in on this correction...trust me, they were not buying in at 15k. The public money is barely in. Yes we hear stories of waiters and uber drivers talking about it, but it's not really meaningful because what we don't hear about is that 99% of waiters and uber drivers have no idea what it is. What, 2% of Americans own ANY crypto? How many people in the entire world own any, a couple hundred million at most? Yes some money came in in 2017 and it helps make for a pretty bubble chart, but we haven't seen anything yet.

Well, thats where I disagree. "Institutional money" to me is nothing but a cute way of saying a WHALE. And trust there is a **** load of Whales in Crypto. They are the one who truly move the market, not the uber driver. I personally will be surprised if Bitcoin eclipses its ATH of last year.

Institutional money to me is hedge funds, pensions funds, etc. They haven't been able to truly buy in because of custodial issues. There is no public money in this yet in the grand scheme of things. If you want to see public money, just wait until if/when ETFs gain approval one day and people start to own it as a piece of their 401k and IRA accounts just as they would any other asset class.

At its current market cap, bitcoin accounts for about 0.20% of the ~$75 trillion global stock market and about 0.15% of the global money supply.

I would be shocked if bitcoin doesn't cruise past the previous ATH and way beyond. There is hardly any money in this at all, people just get caught up in the media hype.

What you are saying is exactly what people said the last 10 times bitcoin went through a 40%+ correction.

https://99bitcoins.com/bitcoinobituaries/

Yeah and just over a year ago Bitcoin dominated 95% of the crypto world and its now down to like 30% . Bitcoin is dying. Its dated Tech and a lot of people are waking up to that. All those previous corrections Bitcoin did not have the issues it faces today, so those parameters are irrelevant to me...things have changed which in turn creates different scenarios. Hedge Funds wont care for bitcoin its old and slow...so I don't see any of them investing PUBLICLY into Bitcoin. However, the players behind the scenes of the large financial institutions will play with bitcoin. i.e a WHALE.

[nykgeneralmanager]

Well, thats where I disagree. "Institutional money" to me is nothing but a cute way of saying a WHALE. And trust there is a **** load of Whales in Crypto. They are the one who truly move the market, not the uber driver. I personally will be surprised if Bitcoin eclipses its ATH of last year.

Institutional money to me is hedge funds, pensions funds, etc. They haven't been able to truly buy in because of custodial issues. There is no public money in this yet in the grand scheme of things. If you want to see public money, just wait until if/when ETFs gain approval one day and people start to own it as a piece of their 401k and IRA accounts just as they would any other asset class.

At its current market cap, bitcoin accounts for about 0.20% of the ~$75 trillion global stock market and about 0.15% of the global money supply.

I would be shocked if bitcoin doesn't cruise past the previous ATH and way beyond. There is hardly any money in this at all, people just get caught up in the media hype.

What you are saying is exactly what people said the last 10 times bitcoin went through a 40%+ correction.

https://99bitcoins.com/bitcoinobituaries/

Yeah and just over a year ago Bitcoin dominated 95% of the crypto world and its now down to like 30% . Bitcoin is dying. Its dated Tech and a lot of people are waking up to that. All those previous corrections Bitcoin did not have the issues it faces today, so those parameters are irrelevant to me...things have changed which in turn creates different scenarios. Hedge Funds wont care for bitcoin its old and slow...so I don't see any of them investing PUBLICLY into Bitcoin. However, the players behind the scenes of the large financial institutions will play with bitcoin. i.e a WHALE.

With all due respect, I think you are misinformed. Have you seen the progress that is happening with the lightning network? The mempool has almost completely cleared. Transaction costs have plummeted. That phase where everything got slow and expensive came and went quickly, more proof that it seemed like a coordinated attack to jam the network at that time. Lightning network is coming, in fact people are using it with incredible results. Bitcoin is not dying...it's dominance fall has as much to do with the ICO craze and a ton of new technologies coming alive in the past year. Who says bitcoin needs to have a 95% dominance rate? Just because that's what it was over a year ago? That's complete nonsense. If the entire crypto world grows to trillions and trillions as I expect it will, bitcoin's dominance can be 20% and it will still absolutely blow through previous ATHs.

[IllmaticHandler]

Institutional money to me is hedge funds, pensions funds, etc. They haven't been able to truly buy in because of custodial issues. There is no public money in this yet in the grand scheme of things. If you want to see public money, just wait until if/when ETFs gain approval one day and people start to own it as a piece of their 401k and IRA accounts just as they would any other asset class.

At its current market cap, bitcoin accounts for about 0.20% of the ~$75 trillion global stock market and about 0.15% of the global money supply.

I would be shocked if bitcoin doesn't cruise past the previous ATH and way beyond. There is hardly any money in this at all, people just get caught up in the media hype.

What you are saying is exactly what people said the last 10 times bitcoin went through a 40%+ correction.

https://99bitcoins.com/bitcoinobituaries/

Yeah and just over a year ago Bitcoin dominated 95% of the crypto world and its now down to like 30% . Bitcoin is dying. Its dated Tech and a lot of people are waking up to that. All those previous corrections Bitcoin did not have the issues it faces today, so those parameters are irrelevant to me...things have changed which in turn creates different scenarios. Hedge Funds wont care for bitcoin its old and slow...so I don't see any of them investing PUBLICLY into Bitcoin. However, the players behind the scenes of the large financial institutions will play with bitcoin. i.e a WHALE.

With all due respect, I think you are misinformed. Have you seen the progress that is happening with the lightning network? The mempool has almost completely cleared. Transaction costs have plummeted. That phase where everything got slow and expensive came and went quickly, more proof that it seemed like a coordinated attack to jam the network at that time. Lightning network is coming, in fact people are using it with incredible results. Bitcoin is not dying...it's dominance fall has as much to do with the ICO craze and a ton of new technologies coming alive in the past year. Who says bitcoin needs to have a 95% dominance rate? Just because that's what it was over a year ago? That's complete nonsense. If the entire crypto world grows to trillions and trillions as I expect it will, bitcoin's dominance can be 20% and it will still absolutely blow through previous ATHs.

Listen, we both speculating.these are the facts. If Bitcoin as you say will "cruise past" its ATH I will say I was wrong. If it does not cruise past it...You do the same.

[nykgeneralmanager]

Yeah and just over a year ago Bitcoin dominated 95% of the crypto world and its now down to like 30% . Bitcoin is dying. Its dated Tech and a lot of people are waking up to that. All those previous corrections Bitcoin did not have the issues it faces today, so those parameters are irrelevant to me...things have changed which in turn creates different scenarios. Hedge Funds wont care for bitcoin its old and slow...so I don't see any of them investing PUBLICLY into Bitcoin. However, the players behind the scenes of the large financial institutions will play with bitcoin. i.e a WHALE.

With all due respect, I think you are misinformed. Have you seen the progress that is happening with the lightning network? The mempool has almost completely cleared. Transaction costs have plummeted. That phase where everything got slow and expensive came and went quickly, more proof that it seemed like a coordinated attack to jam the network at that time. Lightning network is coming, in fact people are using it with incredible results. Bitcoin is not dying...it's dominance fall has as much to do with the ICO craze and a ton of new technologies coming alive in the past year. Who says bitcoin needs to have a 95% dominance rate? Just because that's what it was over a year ago? That's complete nonsense. If the entire crypto world grows to trillions and trillions as I expect it will, bitcoin's dominance can be 20% and it will still absolutely blow through previous ATHs.

Listen, we both speculating.these are the facts. If Bitcoin as you say will "cruise past" its ATH I will say I was wrong. If it does not cruise past it...You do the same.

Fair enough!

[IllmaticHandler]

Where were the haters during the rise?

Yeah I think calling that post the worst of the thread is wrong.

[Maury2423]

I've never understood this...if I bought 1crypto at $100 then it goes to $175 and then drops to $150, if I cash out I have a 50%profit. And when if continues to drop to $75, I can buy back in with the $150 I cashed out but instead of just having 1 coin I would have I would then have 2 coins. I can tell you I've done this several times and it's worked out more than 70%. I've made more money and increased the amount of coins that I owned doing this than just holding. Of course it can come back and bite you in the ass but it's worth the risk imo

Obviously you have to take into consideration taxes because you sold the crypto.

i have done this plenty of times as well.

timing the market is more-or-less impossible. who knew the dip would be THIS drastic?

fyi this is completely wrong and 13bringsruling is right.

I do it too.

look at my post on page 52 of this thread. I called the 7600 BTC on the dot and because of it i made out like a bandit this morning during the dip and subsequent skyrocket. i also posted other other signals on ven and xlm which turned out to be accurate

There is something known as technical analysis that, while it's obviously not a predictive crystal ball, allows you to operate based on a multitude of indicators that more or less give you a good enough idea to be able to hedge bets and profit in any kind of market. bear traders literally thrive off of these down markets using such techniques

there is nothing wrong with holding and riding it out. in fact i recommend it to less experienced traders and investors because trying to time the market without knowing wtf you're doing will leave you gashed. dollar cost averaging is a fine strategy in general

Oh definately, I agree that there is nothing wrong with holding and riding it out but it's not the only option. People like to say that the people who sell have "weak hands" lol as if holding is the only option, it's not. I've withdrawn numerous times and bought back in to improve my positions with the same money but I've also **** myself over by doing that. It depends on the person and what their plan is.

Luckily I had to wake up this morning at 6am ET so I was able to to take advantage of a lot of prices, especially ETH at like $780.

[IAmTheBest]

i have done this plenty of times as well.

timing the market is more-or-less impossible. who knew the dip would be THIS drastic?

fyi this is completely wrong and 13bringsruling is right.

I do it too.

look at my post on page 52 of this thread. I called the 7600 BTC on the dot and because of it i made out like a bandit this morning during the dip and subsequent skyrocket. i also posted other other signals on ven and xlm which turned out to be accurate

There is something known as technical analysis that, while it's obviously not a predictive crystal ball, allows you to operate based on a multitude of indicators that more or less give you a good enough idea to be able to hedge bets and profit in any kind of market. bear traders literally thrive off of these down markets using such techniques

there is nothing wrong with holding and riding it out. in fact i recommend it to less experienced traders and investors because trying to time the market without knowing wtf you're doing will leave you gashed. dollar cost averaging is a fine strategy in general

Oh definately, I agree that there is nothing wrong with holding and riding it out but it's not the only option. People like to say that the people who sell have "weak hands" lol as if holding is the only option, it's not. I've withdrawn numerous times and bought back in to improve my positions with the same money but I've also **** myself over by doing that. It depends on the person and what their plan is.

Luckily I had to wake up this morning at 6am ET so I was able to to take advantage of a lot of prices, especially ETH at like $780.

If you have the time/interest learn how to utilize technical analysis so you're not day trading/swing trading blind and you wont **** yourself over nearly as much

edit btw i meant to say that you were right, not 13rings

[13ringsruling]

I've never understood this...if I bought 1crypto at $100 then it goes to $175 and then drops to $150, if I cash out I have a 50%profit. And when if continues to drop to $75, I can buy back in with the $150 I cashed out but instead of just having 1 coin I would have I would then have 2 coins. I can tell you I've done this several times and it's worked out more than 70%. I've made more money and increased the amount of coins that I owned doing this than just holding. Of course it can come back and bite you in the ass but it's worth the risk imo

Obviously you have to take into consideration taxes because you sold the crypto.

i have done this plenty of times as well.

timing the market is more-or-less impossible. who knew the dip would be THIS drastic?

fyi this is completely wrong and 13bringsruling is right.

I do it too.

look at my post on page 52 of this thread. I called the 7600 BTC on the dot and because of it i made out like a bandit this morning during the dip and subsequent skyrocket. i also posted other other signals on ven and xlm which turned out to be accurate

There is something known as technical analysis that, while it's obviously not a predictive crystal ball, allows you to operate based on a multitude of indicators that more or less give you a good enough idea to be able to hedge bets and profit in any kind of market. bear traders literally thrive off of these down markets using such techniques

there is nothing wrong with holding and riding it out. in fact i recommend it to less experienced traders and investors because trying to time the market without knowing wtf you're doing will leave you gashed. dollar cost averaging is a fine strategy in general

its not timing the market, its timing in the market. i've seen plenty of TA that said bitcoin wouldn't dip below 10k this week. guess what? those particular TA were wrong. TA is a nice baseline but.....real world stupidity can't be factored into TA.

of course i wasn't referring to stacking your supply as weak hands. i'm referring to the stupidity of weak hands not holding their coins through the dip, selling at a loss, and never coming back into the space/checking out of crypto/thinking its a scam because they bought at ATH or near ATH and now its gone through a major correction and they "lost money" because they panic sold.

[IAmTheBest]

i have done this plenty of times as well.

timing the market is more-or-less impossible. who knew the dip would be THIS drastic?

fyi this is completely wrong and 13bringsruling is right.

I do it too.

look at my post on page 52 of this thread. I called the 7600 BTC on the dot and because of it i made out like a bandit this morning during the dip and subsequent skyrocket. i also posted other other signals on ven and xlm which turned out to be accurate

There is something known as technical analysis that, while it's obviously not a predictive crystal ball, allows you to operate based on a multitude of indicators that more or less give you a good enough idea to be able to hedge bets and profit in any kind of market. bear traders literally thrive off of these down markets using such techniques

there is nothing wrong with holding and riding it out. in fact i recommend it to less experienced traders and investors because trying to time the market without knowing wtf you're doing will leave you gashed. dollar cost averaging is a fine strategy in general

its not timing the market, its timing in the market. i've seen plenty of TA that said bitcoin wouldn't dip below 10k this week. guess what? those particular TA were wrong. TA is a nice baseline but.....real world stupidity can't be factored into TA.

of course i wasn't referring to stacking your supply as weak hands. i'm referring to the stupidity of weak hands not holding their coins through the dip, selling at a loss, and never coming back into the space/checking out of crypto/thinking its a scam because they bought at ATH or near ATH and now its gone through a major correction and they "lost money" because they panic sold.

yeah we've all heard that saying before lol

you can do both. There is a reason people make a killing shorting markets. holding is not the only way to come out ahead.

Any TA that said bitcoin wouldnt dip below 10k is straight up trash. TA is only as good as the user. anyone who came to the conclusion that there is a high probability that BTC wont dip below 10k probably made an amateur mistake like mistaking the strong descending triangle for a descending wedge. Also, a lot of time the TA by "experts" broadcasted for many to see are purposely misleading. There's another saying - the bears and bulls make money while the sheep get slaughtered.

i dont think the FA factor was very big in this dip. this correction was a long time coming and it's in plain sight if you look at the TA

I understood what you meant by holding. That's perfectly fine and recommended if you dont know how to read the market. I just wanted to point out to you that timing the market is a valid strategy if you know what you're doing

[Maury2423]

Nano is officially available to trade on binance

[NBA Fan 1234]

Nano is officially available to trade on binance

Not happy with the timing.

I have it, but I wish they would have done it sooner or after the market was on its way up. Ah well.

[KNIXFAN_83]

So should i buy some bitcoin? lite coin? or Etherum? I am a new to all this. I am interested in some investments. advise would be much appreciated.

You should get all 3. They most likely all shoot up. I think the biggest gain will be etherium. So put a lil more in that one.


Sent from my iPhone using RealGM mobile app

[13ringsruling]

fyi this is completely wrong and 13bringsruling is right.

I do it too.

look at my post on page 52 of this thread. I called the 7600 BTC on the dot and because of it i made out like a bandit this morning during the dip and subsequent skyrocket. i also posted other other signals on ven and xlm which turned out to be accurate

There is something known as technical analysis that, while it's obviously not a predictive crystal ball, allows you to operate based on a multitude of indicators that more or less give you a good enough idea to be able to hedge bets and profit in any kind of market. bear traders literally thrive off of these down markets using such techniques

there is nothing wrong with holding and riding it out. in fact i recommend it to less experienced traders and investors because trying to time the market without knowing wtf you're doing will leave you gashed. dollar cost averaging is a fine strategy in general

its not timing the market, its timing in the market. i've seen plenty of TA that said bitcoin wouldn't dip below 10k this week. guess what? those particular TA were wrong. TA is a nice baseline but.....real world stupidity can't be factored into TA.

of course i wasn't referring to stacking your supply as weak hands. i'm referring to the stupidity of weak hands not holding their coins through the dip, selling at a loss, and never coming back into the space/checking out of crypto/thinking its a scam because they bought at ATH or near ATH and now its gone through a major correction and they "lost money" because they panic sold.

yeah we've all heard that saying before lol

you can do both. There is a reason people make a killing shorting markets. holding is not the only way to come out ahead.

Any TA that said bitcoin wouldnt dip below 10k is straight up trash. TA is only as good as the user. anyone who came to the conclusion that there is a high probability that BTC wont dip below 10k probably made an amateur mistake like mistaking the strong descending triangle for a descending wedge. Also, a lot of time the TA by "experts" broadcasted for many to see are purposely misleading. There's another saying - the bears and bulls make money while the sheep get slaughtered.

i dont think the FA factor was very big in this dip. this correction was a long time coming and it's in plain sight if you look at the TA

I understood what you meant by holding. That's perfectly fine and recommended if you dont know how to read the market. I just wanted to point out to you that timing the market is a valid strategy if you know what you're doing

my point essentially just was, if you can't read the market, better off holding or cost averaging down, rather than having weak hands and selling out completely. i certainly don't disagree with shorting/swinging as i've made plenty of profits by it. just hard to time, and in this market, timing is **** hard.

[Im Coming Home]

Man these dips are scary. I keep thinking its over and then it goes even lower..

Gonna grab more ADA and TRX while they're cheap as hell. I think both will go up when the market rises again and corrects itself.

Plus I think its likely people getting their tax returns will boost the crypto market in the next 2-3 months because most people see that as 'extra' money.

man.....stay away from tron. thats all i can say. ada is a solid 2+ year hold. but stay far far away from tronix.

Feel free to give me the run down on whats wrong with Tron. I bought some on a suggestion from a friend thats all.

Not a crazy amount.

As for ADA/Cardano its the one I most believe in, and I plan on adding more while its on the cheap.

[leper-con]

IS anyone buying the ETF or exchange traded funds in the Block-chains?
any thoughts?