Wow Litecoin.

Why am I even invested in stocks? Cryptos have made people millionaires overnight but meanwhile, I'm over here excited on the 20% dividend increase on Boeing. I'm thinking about just liquidating all my holdings, and buying Bitcoin, Litecoin, and Ethereum. THOUGHTS?!

 

I bought Litecoin when it was $55 a month ago. A MONTH AGO. It skyrockets to $400 today but I sold it all at $100.... could have been a happy man with 5 figure gains but oh well. I recommend buying Ripple (XRP) soon because it'll jump to anywhere between $2-$5 this Friday, a big announcement coming up.

 
ForexOptions:
good job dude, profit is profit

Actually, it is not. Gaining a profit through the wrong means and methods sets you up to bankroll an even bigger failure in the future.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

I wouldn't say institutional manipulation, but there are definitely whales that manipulate the price of lower market cap cryptos. They'll purposely put up tons and tons of sell orders to keep the price low, and then load up, causing a price increase, and then dump. That sort of thing. I haven't had any of these problems with XRB on BitGrail, but this kind of activity isn't uncommon in this space.

At the end of the day, if you find undervalued cryptos and invest in them, the price manipulation is just noise in the bigger scheme of things, since a greater market cap lessens the number of whales who can do this to the short-term price.

 

I'm putting all my cash in Shitcoins; it's the latest crypto currency. They're kind of like bitcoins except they smell like what they really are. Plus, they are limited in supply - I can only mine a few per week, mostly when I'm reading the newspaper.

 

Take it easy there Satoshi. About 40 percent of bitcoin is held by perhaps 1,000 users.

“As in any asset class, large individual holders and large institutional holders can and do collude to manipulate price,” Ari Paul, co-founder of BlockTower Capital and a former portfolio manager of the University of Chicago endowment, wrote in an electronic message. “In cryptocurrency, such manipulation is extreme because of the youth of these markets and the speculative nature of the assets.”

 

Well what I find kind of funny is that I heard a lot of people pushing Bitcoin back in 2013 promising it to become this new currency which would be used widely online and by retailers. Here we are four years later and almost no one uses it for that. See the Bloomberg link below.

https://www.bloomberg.com/news/articles/2017-07-12/bitcoin-acceptance-a…

So, even the biggest advocates of Bitcoin, were dead wrong on how things turned out. If your investment thesis proves to be wrong, but the stock goes up anyway for some other unrelated reason; it's called being lucky, not smart.

 

This isn't a shot, but that's the typical Amero-centric view. Bitcoin is widely used as currency in the developing world and in places like Argentina and Zimbabwe (so much so that the government has banned it - good luck with that).

The average American, even the average North American, is NOT the average human citizen. The average citizen of the world lives within 1,000 km of a major Chinese city and has little or no access to banking. This is where Bitcoin thrives as a currency.

 

The Braverman has spoken. I wish I bought some, was using the damn thing since like 2011 on the silk road (you decide what I was buying on there). My risk-averse nature will keep me from riches, I've decided.

Array
 

Haha, no regrets. Was into the same Silk Road mess, and now I'm cashing in. Although tbh, I forgot about those coins I had till last year.

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."
 

REQ is starting to gain a lot of traction, especially this past week. They have a big update thats suppose to be dropped in the next couple weeks and an interesting roadmap for the next year. I don't even plan on touching my stack till REQ gets to at least $1.00, which could very well happen sooner rather than later. My only regret is not buying more earlier.

 

At this point buying any of these coins will generate a profit over time because of their "mainstreamness"

BTC ETH LTC BCC XRP NEO IOTA EOS

But be cautious that at any point you could lose a big portion of your investment. Only some coins will be here in the long run and no one knows which ones. I have been in and out of cryptos for a while now. Just like stocks, staying in is the best move.

 
Praesto:
At this point buying any of these coins will generate a profit over time because of their "mainstreamness"

BTC ETH LTC BCC XRP NEO IOTA EOS

But be cautious that at any point you could lose a big portion of your investment. Only some coins will be here in the long run and no one knows which ones. I have been in and out of cryptos for a while now. Just like stocks, staying in is the best move.

no need for that warning, cryptos are just as risky as equities rn

 

How can you destroy a crypto economy?

An almost synchronized terrorist attack in major economies (USA, China, India, Russia, Japan, UK, Germany, France), funded by bitcoin.

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."
 

I think liquidating all your holdings and dumping everything you have in crypto is reckless. I've been in crypto for awhile now and I have just been doing an automatic investment plan with BTC and ETH and have enjoyed the steady gains over time (if I lose all my money, it wont even affect me). Rushing in and throwing thousands is dangerous seeing as there can be flash crashes and exchanges halting trades. It's essentially the wild west right now.

 

Well said. I am on Coinbase platform currently. Though the fees are high, I am seeing the fluctuation on BTC and LTC (?). I am planning on diversifying onto ETH here shortly.

What are your thoughts on the individual investors buying into this, Banquero ?

What sites are you utilizing for data and information, and platform if I may ask?

No pain no game.
 

So Coinbase is good if you just want to buy. Pro-tip with them pay for your crypto with a credit card that has no foreign transaction fees (make sure you pay off the balance every month). The foreign exchange fees add up, but the normal transaction fees is not a big deal in my opinion. If you want to day trade crypto, well there are multiple sites available which you can find reviews on all the exchanges online through google. I personally use an offline wallet called Exodus, just because it looks great honestly (exodus.io).

Fluctuation in prices is the name of the game with crypto, get used to it or it may not be for you. You have guys known as whales who will dump their coins once they like the look of their profits. In terms of who is the best to buy into is what everyone argues about these day so I can't sit here and tell you who is the best. Do your research and look for what the technology does, what is its application, and who is actually implementing it.

 

For what it's worth:

Started buying BTC back in 2015 for..."alternative" purchases. Put on real, but speculative positions in BTC, LTC, and ETH this past August. Sized the positions very carefully -- basically had to be comfortable with the invested capital going to zero and never coming back. Approached investing in cryptos as buying a call option with a greater upside potential than anything else out there at the moment.

Recently realized a portion of the gains equal to 2x the invested capital. The rest, unrealized, I view as house money. This way there is still significant upside potential, but I can also easily sleep at night and not worry about foregone gains. Currently transitioning some of the ETH allocation into IOTA and XRP.

Having exposure to cryptos you are OK seeing completely disappear (total loss) IMHO is the way to go. Mortgaging your house to buy BTC, as apparently some people are doing (source: CNBC, however credible you think they are) requires a risk tolerance or desperation I can't even comprehend.

 

Better hop on it before it's too late. Read my previous mention about Ripple on the very first reply on this thread. It'll reach $1 by tonight for the major announcement and SK / Japan bank money transfer trials. People will be kicking themselves for not buying it under $1.

For those of you who wanted to know what's happening with Ripple: 1) Rumors of Coinbase adding Ripple on GDAX in early 2018 along with Monero, Dash, etc. 2) South Korean and Japanese banks will undergo trials to test ripple payments for international same-day transactions across countries. 3) Ripple to make a big announcement tomorrow that is rumored to have 2 major companies that will use their instant payment and transactions, supposedly Amazon and/or another household brand.

 

Ripple rallied to ATH $.90 and now dropping back. Gotta wait and see when Japan and S.Korea wakes up to find about the test trial and the current price. Their exchange websites holds the biggest volume, and any sell or buy will affect the price very dramatically. Hold on to your seats folks, we might see $1-$2 by midnight if everything goes smooth. Plus, Ripple announcement is tomorrow, this could be the biggest rally we've had in a while in terms of percentage gains.

 

how do you buy XRP? it seems like you can use GateHub, BitStamp, etc. But then the reviews online are all saying that people are having problems with missing wire transfers, withdrawal issues, and no responses to any claims. One person even mentioned losing $5,000 in a wire transfer and was never responded to. What would you suggest a person use to buy and hold the currency?

 

How to buy most of the Altcoins not listed on Coinbase:

1) Wire money to your USD Wallet on Coinbase 2) Transfer the money to GDAX to buy BTC / ETH / LTC on limit orders (no fees) 3) Send your Bitcoin to Binance (yes, there is fees transferring Bitcoin to other wallets / exchanges) 4) Buy Ripple with your Bitcoin transfer from GDAX / Coinbase. 5) HODL!

Use my referral code: www.binance.com/?ref=11811858

 

I think everyone buying Ripple now is a little late to the game. I am sure it will continue to rise, but you won't see the meteoric like rise that happened over the last week. It will replace BCH soon enough but it is an ERC 20 token and relies on ether to operate. This doesn't mean that it cannot surpass ethereum, but I think it will be rather difficult. If this is true then that puts a wall at around $2 a token which is about a 2x gain.

For better returns right now I am looking at EOS and based on a recommendation in this thread REQ. REQ actually looks pretty cool, so it's my big gamble.

 

Ripple has low fees, fast transaction times, and good partnerships, but I have my eyes on another crypto: RaiBlocks. It has no fees, and it has faster transaction times than every other crypto currency on the market, and it's more scalable and less decentralized than Ripple. I got in at around 60 cents, and it's at $1.80 or something now, but I see it growing a lot faster than Ripple, especially since it's on no major exchanges right now.

 

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