I am holding mine (but I have decreased my stack and rather buy SUB,ADA and REQ with that money), because I think that we could really see some serious price movement up in nearby (2nd half of 2018) future
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Cryptocurrency |OT2| Money's New ERA Shoots for the Moon! | Read OP for Thread Rules
- Thread starter breakYODAy
- Start date
- OT
Still have a nice stack of ARK, which also churns out new coins via voting/staking for me. Reduced my stack a bit in the penny coin craze for some moon gains but also bought back a good chunk when it fell to the middle of the earth with the whole market. Still believe that it should be an easy double digits candidate (at least the price LISK has) and they just updated their road map % for ArkVM and ARK v2. Add the business entity and that they started upping their marketing (meetings, partnership etc.) so i'm confident at staying with them. Their desktop and mobile wallets are miles ahead of most other coins. That ADC wallet sync time...
I bought most of my ARK rather cheap so i'm good either way. In the end i want to have ARK, ETH + one/two other lucky moon shot coin (FLASH, COLX). Sold my last ADC (good gains though) and Siacoin (had them for ages).
Still a couple coins i like, but don't want to spread to thin. Siacoin, IOTA, GNT, NEM. I even have still a special place for NEO in my heart.
Also seems like mentioning GAF by name is like saying Voldemort in HP (noticed this in other threads too). Or is there some ERA rule to not name that now "haunted place" ?
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My RDD, POSW and COLX are still pretty deep in the red.
Have half a mind to transfer those holdings into VEN, but I don't want to do that until they've gone back in the green a little. Whether that'll happen anytime soon though...
Have half a mind to transfer those holdings into VEN, but I don't want to do that until they've gone back in the green a little. Whether that'll happen anytime soon though...
Can someone explain to me how Tether works, considering theres nothing to show they have any of the money they claim. Given this seems to be what's propped up Bitcoin in the latest crash, isn't this just setting everyone up for an even bigger fall?
https://www.reddit.com/r/Tether/comments/7rb01d/tether_just_printed_up_another_100_million_usdt/
https://www.reddit.com/r/Tether/comments/7rb01d/tether_just_printed_up_another_100_million_usdt/
Tether is likely bullshit. But the major major major problem I have is with the claims that it "propped up BTC" at certain points. Its super inconsistent. When BTC surges and no Tether is printed in the vicinity of it, no one says anything. WHen it gets printed and BTC keeps dropping, no one says anything. When its printed anywhere near a rise or even sideways movement, its instantly credited for completely controlling bitcoins price either by claims that its propping it up (sideways movement) or claims that its the source of the pump (growth).
Its very clearly IMO a scam in that its nowhere near backed by 1$ each. But its effect on the BTC price specifically Im not completely sold on.
Well, the thing is, its not relatively all that small anymore. But, let's go with it anyway. Here's a twitter that keeps track of Tether printing:
https://twitter.com/tetherprinter?lang=en
The current bear market started around Jan 6th. There's been 450 million Tether printed since then. If even 100m at a time into a market this size forced movement, why has the market been in freefall while Four hundred and fifty million pumped into it?
The 125million tether than was printed from Nov 29th to Dec 14th'ish was also blamed for Bitcoins rise from 10k to 18.5k. But 450m Tether a month later lets the bitcoin price freefall to 10k? If 125 million was really responsible for 10k to 18k Im wondering why 450 million doesn't have us flying to the moon. Its just super inconsistent. If I could find anything that was consistent I would be on board. But so far, Crypto just looks as volatile as it always has been, and tether seems to just get blamed for surges.
Ill trust the fact that every exchange shut down registration and started lagging (due to record account creations during the bull run), versus blaming tether for the rise when its completely inconsistent in terms of how much growth there was or wasn't.
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Just started on the Akasha beta. Another social network although this is based on the Ethereum network. The mad multi-currency thing gives the feel of learning a F2P mechanic!
I think I've been given 1ETH as part of participating. So that's nice if it is true.
I think I've been given 1ETH as part of participating. So that's nice if it is true.
Tried and failed an hour ago, about to have another go, hopefully persistence will pay off.
Never know, could rack up some nice gains if you keep abreast of the situation :P
Technically, Tether can be used to directly pump any one of these coins (XRP, etc):
https://support.bitfinex.com/hc/en-us/sections/115001039645-Currencies-Tokens?page=1#articles
Any reason why Tether itself isn't on that list?
Tether could easily have 1 to 1 reserves. I mean they basically invested $1.8 billion in Crypto with IOUs. I mean not saying it's legit since I'm not even sure if you can redeem Tether. IOUs that can't be redeemed it's genius
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Unfortunately ponzi schemes will strive in the crypto market because people are too stupid to realize one since they invest on hope rather than logic
i googled g20 meeting and yeah, they proposed to do joint regulatory
the news is already in since december actually: https://news.bitcoin.com/crypto-to-take-center-stage-at-g20-need-to-see-how-we-can-regulate-bitcoin/
not sure what they can actually achieve
I tried http://coinsmarkets.com/ , and sometimes it's up
and they still not using https
The most plausible legitimate-sounding alleged explanation I have heard is that they back Tethers with other crypto holdings, like Bitcoins. If those Bitcoins lose too much value then their Tether backing goes up in smoke, so that's a very risky game to play. But once you realize you have somehow found yourself in the position to be able to print money that everyone accepts, and there are no penalties for doing so, I imagine some people could find that proposition too tempting to not take advantage of.
They finally released an official statement about the size of their tech team and where they are at. They finished the database repairs, the website is good to go all they are doing now is waiting to move hosts. Once that is done it should be back up.
In a sense, the crypto market itself is one big ponzi scheme though.
[x] Requires initial investment at the promise of high returns
[x] The earlier you get in, the higher your profit potential
[x] Money comes in through new people joining
[x] Many of them become active promoters trying to get more people to come in
[x] Doesn't depend on legitimate business activities
[x] High returns make people leave their money in the scheme instead of cashing out, enabling the scheme to live on
I'm half-joking because you could probably apply these checks on a lot of other things, but there's some truth to it
There's still people defending BCC on Twitter after it crashed 90%.
It's not just stupidity, it's bizarre internet tribalism. It reminds me of how angry people get over politics these days.
I don't think it's tribalism. It's probably just people who lost a ton of money with BCC. For them right now it's easier to believe it will recover than to accept that all that money is gone.
Agree. Admitting that can be devastating. Even if you don't read it anywhere, you know that some people lost a lot of money. Unlike other coins, which maybe are going to reach the highs from dec/jan again, BCC is (hopefully) never going back there.
Those invested in the Steem universe: it looks like Steem Dollar is going to be going on the up. The amount of Steem buy orders look to be drying up and demand for Dollar is going up. It'd dropped down below Steem recently, just slightly. If you're trading on the internal market, it's probably worth watching it for a bit before cashing in your Dollar for Steem. It went up to 8 times the value last year. I caught a load of Steem doing it this way and then Steem went up by 8 times itself. Very rapid rise in portfolio as a result.
EDIT: and off the back of this, both Steem and Steem Dollar are showing great gains. Dollar in particular.
EDIT: and off the back of this, both Steem and Steem Dollar are showing great gains. Dollar in particular.
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Wow. Youre right. But does this say they "lost" some data due to corruption?
https://coinsmarkets.com/
?
They are actually using it and it seems to be correctly implemented with no critical vulnerabilities.
SSL scan: https://pastebin.com/nMsS1hqP
Another 100 million USDT tokens minted today. Over 2 billion now.
There is credible analysis for ETH and BTC to both break up significantly from here, and also to correct downwards sharply. Both outcomes are still possible. I think the market is ready to move on whichever one becomes clear. The daily Tether printing is making it even harder to predict.
If you want to hedge a little, the safest approach would be to sell some BTC in the $11.7k to 11.9k range (Bitfinex), and ETH in the $1080 to 1100 range (GDAX), should those numbers be hit again. Then if those resistance levels break up, you buy back in at a slight loss in crypto holdings. If the prices tank, then you're in a good spot to buy back in lower and make some significant gains.
If you want to hedge a little, the safest approach would be to sell some BTC in the $11.7k to 11.9k range (Bitfinex), and ETH in the $1080 to 1100 range (GDAX), should those numbers be hit again. Then if those resistance levels break up, you buy back in at a slight loss in crypto holdings. If the prices tank, then you're in a good spot to buy back in lower and make some significant gains.
For my sake I hope it falls one more time because my money FINALLY posted to Gdax.
ALL ~
Everyone who PM'ed me wishing to be part of the FLASH team, hit me up again with the following information:
Name:
Timezone:
LinkedIn Profile:
Discipline: (Area of focus)
Availability: (1-3 hrs a week, 3-7 hrs a week, 7-15+ hrs a week)
We are going to hit the ground running hard and fast here this next week with big things coming.
Everyone who PM'ed me wishing to be part of the FLASH team, hit me up again with the following information:
Name:
Timezone:
LinkedIn Profile:
Discipline: (Area of focus)
Availability: (1-3 hrs a week, 3-7 hrs a week, 7-15+ hrs a week)
We are going to hit the ground running hard and fast here this next week with big things coming.
I assume you don't have any use for people reviewing material, or providing feedback? My job is more than full-time, but would not mind helping out a bit when I can.
I sold some higher up in this range, to preserve my fiat, looking to either rebuy low or if ETH breaks strongly above $1100 GDAX. Selling right here is riskier since it's getting close to the $1k support. It would be more ideal to wait for a bit of a bounce, and then sell some closer to $1100. There is also the looming threat of a Tether-driven BTC pump, which could nullify some of my analysis.
Ultimately I think ETH and BTC will both be much higher than this in a few weeks/months so whether or not you risk trading this is up to you. I just don't enjoy seeing my profits go up in smoke.
That is a job that we could use some oversight on when we craft up Press Releases and Social Media updates. Anything is helpful! :)
God I hope so. I shorted my BTC and ETH holdings yesterday.