Cryptocurrency |OT| A New ERA for Money | Read OP for Thread Rules
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*Insert Ron Paul "IT'S HAPPENING!!!" GIF here*
...no but seriously, it probably isn't actually happening and I expect by the time I wake up tomorrow morning it'll be back in its normal range (although obviously I'd love to be proven wrong, I'd be happy with it even establishing a higher floor because I just CAN'T justify making it more of my portfolio as is).
Edit -To actually answer your question - no, it has broken $4 during its previous run up.
https://coinmarketcap.com/currencies/ark/
I might be one of the few people involved in cryptocurrency that ISN'T in Bitcoin now (never have been, never will except to make certain trades) but is this reddit post accurate?
So Ethereum has a new DAPP: https://www.cryptokitties.co
This is the first instance I am aware of of cryptocollectibles. People are spending significant ETH on this to lockup rare crypto kitties. This is both absurd and serves to show the power of having strictly controlled issuance of a resource in gaming. Imagine Pokemon on Ethereum in the future where there is only 1 of particular Pokemon for the whole world governed by smart contract. Insane? Quite possibly, but also extremely powerful. These applications that could only exist on a blockchain will help drive adoption of things like Ethereum. I can't wait to see what's in store for this space in the coming years. There will be lots of failures, but also outrageous successes.
And the best part: they didn't need an ICO to get this off the ground. Let that be a lesson to everyone making dapps.
This is the first instance I am aware of of cryptocollectibles. People are spending significant ETH on this to lockup rare crypto kitties. This is both absurd and serves to show the power of having strictly controlled issuance of a resource in gaming. Imagine Pokemon on Ethereum in the future where there is only 1 of particular Pokemon for the whole world governed by smart contract. Insane? Quite possibly, but also extremely powerful. These applications that could only exist on a blockchain will help drive adoption of things like Ethereum. I can't wait to see what's in store for this space in the coming years. There will be lots of failures, but also outrageous successes.
And the best part: they didn't need an ICO to get this off the ground. Let that be a lesson to everyone making dapps.
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Interesting development indeed. I feel as though we could be on the verge of a new tomagatchi-like craze with this. Imagine an augmented reality game with this tech added on...
Yep it seems locked up tickling $4, glad it's not its ATH.
Of course it is. Because I decided to sell half my ARK today. You're welcome everyone!
No, the reddit post calling Bitcoin "segwitcoin" is not accurate. I can almost guarantee this post came from r/btc, the home of Bcash. People are trapped so that's why they're not selling? People have been saying hodl for years now, from back when transactions cost pennies.
The ironic thing is transactions would be much cheaper if exchanges actually used segwit, which this poster is seemingly referring to as a negative. Bitstamp does, you'll notice transactions are very cheap there. Other exchanges haven't used segwit and it's costing their customers more in fees.
https://twitter.com/WhalePanda/status/936984591625224192
https://twitter.com/WhalePanda/status/936985162931425283
With SegWit you shouldn't be paying anywhere close to the fees in that post. But in any case, you shouldn't be buying your daily coffee with Bitcoin. This is obvious. It will get there someday, but it's a long process where maintaining it's bulletproof infrastructure and security is the biggest priority. This is what gives the coin its value.
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Yeah, go for IOTA with maybe a side of Ark. Neo is good but it has many competitors, while IOTA has no serious competitors in its space.
Wow this is pretty insanely bad luck. It does nothing but move sideways all this time and lose satoshi value. I look up late tonight and its on a fucking tear all of a sudden. $4.17 on Binance. If I were still doing the swing trade thing I would sell for that dip that will certainly come, but Im done with that. Accumulation only from now on.
Edit: on the flip side, with OMG reaching 10.00 just now, and ARK flying back over $4.10, we have reached a point where I think every coin in the top 100 with the exception of Civic and TenX(PAY) has reached its pre BTC Fork levels from late September'ish.
TenX was around $2.55 and its close, and I believe Civic was around .40 cents. Its taking a while but the alts with potential have clawed back and many have hit ATHs since that nonsense with Bitcoin Gold and Segwit sucked all the air out of the alt market.
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We have terrible timing. Im out 1/3rd of my stack for now trying to day trade the boring $3.30-$3.15 action lol. ahh well, was ready for a portfolio rebalance anyway.
this whole industry is, to me, a form of gambling, but doing day trading makes it so much more so, and is especially silly on a currency you expect to long term be up. but I learned that lesson first hand as we most do, I think
You can't beat the bots in day trading.
I don't know if bots are prevalent on crypto exchanges, but it wouldn't surprise me.
I don't know if bots are prevalent on crypto exchanges, but it wouldn't surprise me.
Some shilling on Reddit for ARK. It's gaining some more visibility now and momentum. It will drop back down though, good time to pick it up then.
Noob Question: How do you guys generally buy in on coins? Buying low and selling high, but do you guys focus on BTC or USD charts to see dips?
I should probably look at BTC charts more than I do, but I currently spot dips by watching dollar values. Being patient and sitting on money I have ready to go in is harder than it should be IMO. Im anxious right now to put the money I have sitting on coinbase into the game but none of my coins are anywhere but near tops. On the other hand that anxiety is somewhat releived because that means my portfolio value is huge and rising :D
I should mention that Im looking at USD value to buy low because Im buying only 7 total coins for long term holding. If I was still trading, I would look at the BTC value since the goal would be to outpace BTCs growth, otherwise you may as well just buy only bitcoin and hold it.
So many of the alt coins I've been intending to buy have nearly doubled in price while I wait for my ETH to get deposited on Coinbase. I thought the lower fees from buying with my bank account would be worth it, but the wait definitely doesn't seem to offset the fees.
Just wait a few days. Alts have been green for the last 4 days or so. Most should suffer small corrections in the coming days.
Coinbase for big three, Blockfolio for every other alt coin. I'm on Android, though, so check if Blockfolio is on iOS.
Buy low hodl high. Also I use USD charts mostly, just easier for me than the whole 90000 satoshis vocabulary that's thrown around.
Terrible timing is an understatement! I still have quite a bit so not entirely sad at the rise :)
Steem Dollars have gone up from ~$1.35 to ~$2.40 in my two weeks watching. It's odd, as the it is meant to be the currency within the actual dollar range while Steem the coin is the actual token.
I've been using mine internally to power my account and transfer to Steem cheaply. But if it keeps going up...
I've been using mine internally to power my account and transfer to Steem cheaply. But if it keeps going up...
That's a treat to wake up to.
Now I just need to constantly tell myself not to sell high and wait for the dip and to just chill
Now I just need to constantly tell myself not to sell high and wait for the dip and to just chill
For those of you talking about fees, I'm on Coinbase and it's costing about $1 per transaction. Am I mistaken, is there a higher fee I'm not seeing? I haven't sold yet so maybe that's where fees come in, but when I'm hearing about high fees, that must be on other marketplaces, no?
Wonder if this is in anticipation of upcoming news. Perhaps some insider trading aswell?
Edit: IOTA is about to hit $2 per Miota.
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Wait, what? Did you mean to quote me? I don't know what would qualify as insider trading, I was just curious if I am missing something about transaction fees on Coinbase O_o
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