Cryptocurrency |OT| A New ERA for Money | Read OP for Thread Rules
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The thing about ARK is that if I keep holding it the price will never change, but if I sell it now it will definitely be $300 in a year
I feel bad for you long term Ark holders it has dropped from 0.0011 BTC to 0.0003 BTC in 2 months, ouch. Should do great in 2018 though once BTC stops being a jerk and crushing the entire Alt market :-)
Still up 10% in USD, so it's not a total loss, is it? Just less of a gain than if they'd gone into BTC, of course.
Even at its current price Ark is still below two of my purchase points, and to be honest even if it wasn't, the fact that you could have had it in any number of coins and made (possibly significantly) more gains does make it a pretty sizeable loss in practical terms.
I want to believe and am still holding on, but the manipulation that has been going on with this coin is just ridiculous and I'm starting to lose faith that we'll break out of this holding pattern Ark has been in for months now in the near future (definitely can't see it happening this year).
2018 will be big for ARK I'm sure and if you have been holding this long you might as well carry on but yeah does it does suck when you go through periods like that. I try to never hold alts long term unless they are really special and I can see at least a 1000% gain on them. Anything else it is a week or two tops if they have good news coming up.
Ark will move...eventually!
You can't forget this is the coin of holders. People tend to sell it way less than others.
I don't mind holding alts long term. Yankee is right that money there is money not won on btc but my coins are all longshot betting (maybe also falling under betting longshot bias) and I can't time the market for a possible btc big correction (which is something I'm very afraid) or riding other alts waves. It's shitty to know how much we lose in value by sticking with them, but I'm trying to think ahead and be positive. Hopefully things work out.
You can't forget this is the coin of holders. People tend to sell it way less than others.
I don't mind holding alts long term. Yankee is right that money there is money not won on btc but my coins are all longshot betting (maybe also falling under betting longshot bias) and I can't time the market for a possible btc big correction (which is something I'm very afraid) or riding other alts waves. It's shitty to know how much we lose in value by sticking with them, but I'm trying to think ahead and be positive. Hopefully things work out.
https://www.tradingview.com/chart/ARKBTC/YxEAoSdj-ARK-Manipulation-Exploration-Sell-Wall-10-18-2017/
Haven't been following it recently, but I assume this is still happening.
Haven't been following it recently, but I assume this is still happening.
Got some money but every coin I want looks expensive other than ARK and I have enough of that. Not going to let FOMO make me buy after the last month has already elevated prices so much. Will sit in cash.
Edit. Actually OMG looks ok, but I need to research it.
Edit. Actually OMG looks ok, but I need to research it.
I mean, the only sane reason why someone would keep the value down is because they want to profit from an eventual mooning but haven't accumulated enough yet, so it sounds like the mooning is inevitable and planned by someone with enough money to do so.
Whenever that hits, it's gonna be crazy.
Don't ever really pay that much attention to the individual price of a coin as it depends on Mcap/supply. For example NEO and NEM both have 2.2 Billion Mcap but Neo is $35 each and Nem is $0.25 due to NEM having a much higher supply.
By expensive i meant very large percentage gains vs. USD over the last 1-3 months without a significant correction. I was mostly looking at Monero and IOTA.
Ahh I see, yes I like to look for things that have been relatively flat for a while on the charts.
ive got a little update on our first days of forging with our ark delegate "thefoundry". i made a fancy website and my delegate partner yokoama wrote a bit about what is happening.
http://thefoundry.world-domination.org/blog/index.php/2017/12/01/day-3-4-new-ark-holders-recruited/ give is a read if you have a few minutes time.
i didnt go in depth it in the last post, but what makes our proposal differrent than other delegates, is that were trying to get new people into the ark community by paying a one time bonus of 5 ark to new ark buyers. 2% of our daily forged ark are reserved for that purpose.
whats really cool about the ark community is, the warm welcome we had from the other delegates, helping us out where they can, even if we are competing for votes with them.
http://thefoundry.world-domination.org/blog/index.php/2017/12/01/day-3-4-new-ark-holders-recruited/ give is a read if you have a few minutes time.
i didnt go in depth it in the last post, but what makes our proposal differrent than other delegates, is that were trying to get new people into the ark community by paying a one time bonus of 5 ark to new ark buyers. 2% of our daily forged ark are reserved for that purpose.
whats really cool about the ark community is, the warm welcome we had from the other delegates, helping us out where they can, even if we are competing for votes with them.
We'll see. I think it's more likely for ETH to start gaining over BTC, considering the ratio has been depressed for months. Who knows though. I just wouldn't count on it going down much further (a retest of the bottom 0.037 seems possible to me, though).
When the ETH/BTC ratio was very high earlier this over 0.1 I was selling some of my ETH for BTC, but now I feel like the smart play is putting BTC into ETH, which I've been doing in this 0.04x range.
Yeah a lot of people who are into the science behind the blockchain are really into ADA. I got in as soon as it was available on Binance, got a fair bunch and I plan to hold the shit out of it. Hope my hands don't get weak during the inevitable correction. Thanks for your insights you guys!
The lack of response from the ARK dev's to the blatant manipulation of the price is what bothers me. You would think someone artificially hampering the value of the coin would bother them more. And they would take steps to get it on more exchanges to help mitigate the issue. But who knows. The coin still has amazing technology so it's hard to imagine it won't explode at some point.
A coin is worth as much as people are willing to pay for it, so how can they realistically respond to this?
As mentioned more exchanges would certainly be a start. Was very disappointing to have it launch on Binance and find the price didn't move at all (bar I think a short lived adjustment at the time).
Even just an acknowledgement of the issue would be appreciated, and would give some hope that they're at least thinking about possible avenues to mitigate the manipulation.
Have you joined their slack channel? They talk about it and acknowledge the whales; they're not turning a blind eye but also know eventually, the whales won't be able to control the price.
Out of the loop for a week and just got back. Saw the highs of BTC and now I see all my BTC values for all my alts is way down (of course the overall USD amount they are worth is the same/higher). Any other big news I miss in the last week, I saw someone mention two more forks for BTC?
Not to rub it in but Ella has now gone to over 9000 SAT from 2500 last week, so continuing to prove that low marketcap "shitcoins" are the better investments to make money in crypto
All crypto assets, big and small, have manipulated trading prices. Demand always has to overpower the whales for the price of any of these things to break out. It doesn't always happen when you logically expect it to. The devs should be focused on development, not traders' tactics.
Wallet recommendations? Finally bought in (in small amounts until I know a bit more of what I'm doing) but see conflicting information (shocker) on whether to use a personal wallet or leave them in something like Coinbase. Hit me with more of that sweet sweet conflicting information please.
You should never leave anything on an exchange, however if it's under $2000 usd I usually do as it's not worth the hassle to move it in my opinion.
Its because I tried to day trade with a portion of my stack today :). I should learn by now haha.
Yea, I've completely stopped day trading. Even when ARK goes on a run and I know there will be a major slide back, it's just not worth dealing with moving it out of the wallet, selling it, hoping BTC doesn't slide and that ARK goes back down to a buy back point.
Pardon my ignorance. I thought that was just a thing for bitfinex margin trading?
No they issue tether out of thin air, then they buy btc to keep it from crashing. Look up some articles!
Definitely a barrier that needs to be broken through. Once it breaks through i think it will go straight to $7 or $8.
Yep. The sell wall just get so damned huuge. Im looking at it right now on bittrex around 0.00040000. Crazy, been that way for months.
Come on IOTA went up like 100% this week, ARK is ARK so is getting pummelled by BTC, Neo has been going down though so is due a pump. Out of those three Neo is where I would put something for the short term.
check out IOTA they recently partnered with Microsoft, Cisco, Samsung, Volkswagen,Detchue Bank, and AG. Tangle fixes blockchain scalability along with zero fee transactions.
Well I'm looking at a more long term investment (1 or 2 years).
Even if that's not true the company seems shady as hell why would anyone use that exchange/coin? Are they really big enough to manipulate the market like that?
Edit: oh I see they are the largest exchange...
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