Cryptocurrency

[Solomon]

With the ICO ban in china how are you guys moving?

Personally it doesn't affect me since my Strategy is to buy and hold (My Game is more longterm)

I will be loading up on more Ether tho, perfect time to buy since it has dipped

It will go up again, it always does

Peace

 

[BeTheChange]

A lot of FUD in the market past two days so I bought a bunch of LiteCoin past two days. Loaded the boat up.

Red Pulse ICO is postponed so that means I can put more money into Chainlink, Enigma, and Kyber. Will be doing some flips and will put 50k into red pulse whenever that ICO date is.

Stocked up on LTC, BTC and ETH as my portfolio is light on the solid coins. At the moment I've got funds tied up in five ICOs so stretched to fund another. May have to give Chainlink a miss and get ready for Red Pulse if and when they announce. In the mean time I've thrown a few dollars at Verge on rumours it will list on another major exchange.

In the mean time I'm looking for the next sleeper. Any coins that have caught your attention you think might be set to explode?

 

[PrettyBoyAJ]

Good stuff.

Enigma rubbed me the wrong way today. There terms are so confusing and they have a cap of up to 3600$ per person. It's all jacked up and the community is hating it. I think they are also holding the tokens for a month. So I honestly don't know if I still will be investing in it, because regardless I wanted to flip it.

I think Golem is undervalued.

 

[Von]

You guys should leave that market before it explodes in your face... its soo high right now

Market will crash in 2018 with rates going up and the like

Bitcoin are slowly being outlawed... so they will crash too since they will hold no value.

If you guys persist buy a bit of everything... so that the ''legal online currency appears''... you'll have it... and gain on the exchange

I am old school but I would just start selling and wait

 

[PrettyBoyAJ]

Amazon is worth 430 Billion

CryptoCurrency is market cap is 15 Billion

We may be in a bubble but blockchain is the future. The market may burn but the top companies will survive. Since you are so old school you should've leaned from the .com era.

 

[Von]

Amazon is worth 430 Billion

CryptoCurrency is market cap is 15 Billion

We may be in a bubble but blockchain is the future. The market may burn but the top companies will survive. Since you are so old school you should've leaned from the .com era.

I know... that's why I am saying to sell... why you wanna be there when all crashes.... the .com was the futur.... it still crashed

The Index took 15 years before coming back to the .com crash market cap

Ready to wait 15 years before seeing a profit?

 

[PrettyBoyAJ]

It will crash but I don't think the crash is soon. You say 2018?.. Is that your prediction.

I didn't know it was 15 years. Thats a very long time. Teach us about your experiences with the .com arena as I was only a kid and didn't pay attention to it.

 

[Von]

It will crash but I don't think the crash is soon. You say 2018?.. Is that your prediction.

I didn't know it was 15 years. Thats a very long time. Teach us about your experiences with the .com arena as I was only a kid and didn't pay attention to it.

It is my prediction and I assume it

Historical studies shows:

Every 7 to 10 years the stock market crash

Every 25 years interest rates goes up or down

And when analyst says to buy... its the time to sell

When people say its the ''high time'' or are optimistic... the market crash soon after

Current events:

We at the cross road.... been 7 years and more since 2008 crash

It's been 25 years since the 1980's .... 22% mortage rate

I work in finance... every day I am being told to drop the ''average guy'' and focus on the 1%... the market is against the 99%,,, shguld I bet on them?

In 1998 there was an article about how Index Funds were the futur and the present... they were the best out there....

What happened? 2000 .com happened

What happened to these index fund (vanguard,blackrock) believers? They all died.... Why? Nortel was 70% of the market index.... they crashed with it

I believe in the value strategy... study your business and put money in it .... so far I did 55% return annually with play money (what's play money? Money you ready to put at risk cause its for fun only)

The index fund believers ''passive'' say you can't beat the market.... I agree as an old timer with this... you can't beat it.... but passive funds are still investment products... so they are efficient when?

I am an active management type of guy... in high market ... like we have... risk management is usefulll

But since this thread is on cryptomoney.... something I don't waste time in.... but the same market rules applies

1) If people say its time to buy.,... the reality is to sell it
2) Have it government approve4
3) Find how its competing against the market (monopoly style)

PrettyBoyAj and Change.... I can't help you guys... cause you guys will go with what you believe (my old timer wisdom).... but like dating... core rules always win .... 1) Find a investment which has no competition 2) find an investment which is active 3) buy low sells high 4) dont listen to anybody but your stats

Personally... if I was into cryptomoney... I would buy 1 stock of everything and see what gets legal and not .... and who owns the most market share

 

[BeTheChange]

We are not at peak bubble territory yet. Once wall street find a user friendly way to get the average man on the street and institutional investors involved then we can talk about a bubble.

Can't wait until wall street finds a way to create bitcoin ETFs. Then we will see the price explode.

 

[PrettyBoyAJ]

@Von

So if you relived the .com era would you have invested and made all of your money then take out all of your money and put it back in after the crash??

Or were the top companies were always stable??

When this bubble comes for Crypto would I be better taking everything out? Or should I just leave it in Bitcoin?

 

[wifehunter]

 

[Von]

Bitcoin ETF are already on the way ''table''.... but some commissions are already banning the use of cryptomonney (China and SEC slowly)

About cryptomoney, just ask.... who hold them, what they get paid for it?

To Pretty.... I would have pulled out before and reinvest at the bottom of it... would save me 15 years of waiting .... but you can't really predict the futur....

You analyze the data, analyze the history, check for the red flag, mark your top companies.... and make a decision and than you wait

My out look right now... is to take all profits and turn it into cash, and by december, have 30 to 50% of the portfolio into cash... leave the rest in more ''secure funds... aka balanced if we talk mutual/ETF''

For the stock options.... take all profits turn into cash, sell 50% of your shares in all your ''top compagnies'' (where must of the cash is) , hold the cash....

Only compagnies who offer : Food and Luxury products I would maintain

 

[BeTheChange]

People have been calling bitcoin a bubble since 2012. There have been some serious crashes over the past number of years - like nothing seen during the dotcom bubble, which was sustained increase in prices followed by a major crash in the early 2000s.

I think the crashes are more likely to be seen in the alt-coin world (a lot of sh*tcoins) than bitcoin.

Also, China and America are seeking to regulate, not ban cryptocurrencies. We've opened pandora's box. The blockchain is here to stay. It might not be bitcoin that reigns supreme, however.

 

[PrettyBoyAJ]

You can compare the .com to blockchain technologies for some aspects but not all aspects.

If the blockchain bubble burst will that affect the top cryptocurrencies?

The dollar has been inflating while Crypto has been deflating which means it's been appreciating. So if I do cash out my crypto when the bubble is going to burst will I take my money into the dollar which has been facing so much depreciation?

What would one expect??

 

[savi0r]

Blockchain is the future. Awesome technology. Many more are rising, but very few people talk about them. Why? Because cryptos involve money. Let's not forget that in all major money crisis, the banks were at the heart of them. Cryptos do not have that aspect. Indeed, we are moving towards a greater economical crisis. Bigger than the one in 2007. But still, i would chose to save my money in:gold or cryptos. Cryptos are "people's coins". They won't drop because banks want to. They won't die because governments want to. They will die solely because users won't believe in them anymore. And seeing how great this technology is, i doubt that will happen anytime soon. There is the other side of the coin : what if a government adopts a coin as "their own"? This is a optimistic scenario for NEO in China. Optimistic, but still real.

 

[PrettyBoyAJ]

Some big ICO are this week guys. Hope you guys are ready.

 

[BeTheChange]

Stocked up on Ether while it's cheap. Funds at the ready.

May even sell my Golem and Populous at a loss to get involved. Solid three weeks ahead ICO-wise.

 

[BeTheChange]

@PrettyBoyAJ

You still keen on Enigma? They doubled their intended coin volume after the presale and days before ICO...could be a red flag.

 

[PrettyBoyAJ]

I'm undecided on Enigma bro. I have a 6k limit. They are shady and they screwed over the community in my eyes. But in Crypto ICO it's hard nowadays to put that much money into a hyped up ICO. I'll decide what I want to do within the next day. My main concern is that their is a hold up on receiving tokens for a 3-4 weeks. A lot of stuff can happen in 3-4 weeks and I really don't want to have my money tied up especially when I'll be flipping the hell out of these tokens asap.

 

[BeTheChange]

I'm undecided on Enigma bro. I have a 6k limit. They are shady and they screwed over the community in my eyes. But in Crypto ICO it's hard nowadays to put that much money into a hyped up ICO. I'll decide what I want to do within the next day. My main concern is that their is a hold up on receiving tokens for a 3-4 weeks. A lot of stuff can happen in 3-4 weeks and I really don't want to have my money tied up especially when I'll be flipping the hell out of these tokens asap.

What makes you say they are shady and screwed over the community? How many other ICOs are you looking to get involved in that 3-4 weeks is an issue?