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Virtual Currency - Alt Coin Discussion Thread Virtual Currency - Alt Coin Discussion Thread

05-06-2017 , 12:17 PM
Anyone familiar with https://boscoin.io?
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05-06-2017 , 01:27 PM
Quote:
Originally Posted by NuklearWinter
Anyone familiar with https://boscoin.io?
not looking solid imo stay away
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05-06-2017 , 01:50 PM
Will Tezos raise over 200m. I say yes.
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05-06-2017 , 06:07 PM
Quote:
Originally Posted by housenuts
Will Tezos raise over 200m. I say yes.
Very good shot if ETH and BTC stay at current levels. This one is going to be the biggest FOMO sale of the summer.
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05-06-2017 , 06:14 PM
What's the value proposition of Tezos? Ethereum with a simpler language?
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05-06-2017 , 06:32 PM
Quote:
Originally Posted by BABARtheELEPHANT
What's the value proposition of Tezos? Ethereum with a simpler language?
All I could gather from the reuters article was that it has to do with decentralized automated updates.
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05-08-2017 , 05:15 AM
ETH has to be the most confusing investment opportunity I've ever considered.

Half the internet says it's hands down the best crypto around and has the potential to 50x.

The other half says it's a massive scam and will come crumbling down like Enron or Theranos.

Unfortunately both sides make compelling arguments for each outcome. What to do?!
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05-08-2017 , 05:44 AM
I recently purchased the ledger nano s, all was well till yesterday...

every time i try to send ether , i get a 'transaction rejected by server' error message.

anybody help me out?

thx in advance
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05-08-2017 , 06:55 AM
Quote:
Originally Posted by TheMVP
ETH has to be the most confusing investment opportunity I've ever considered.

Half the internet says it's hands down the best crypto around and has the potential to 50x.

The other half says it's a massive scam and will come crumbling down like Enron or Theranos.

Unfortunately both sides make compelling arguments for each outcome. What to do?!
It is not going to 50x any time soon in my humble opinion. If you read into how the DAO vote has handled it will shed some light into ETH.
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05-08-2017 , 07:18 AM
Quote:
Originally Posted by Dr Reality
I recently purchased the ledger nano s, all was well till yesterday...

every time i try to send ether , i get a 'transaction rejected by server' error message.

anybody help me out?

thx in advance
Ask on their subreddit

Try doing a transaction for just a small amount. In other words, don't send the whole balance.
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05-08-2017 , 09:03 AM
Possible reason for ripple pump
https://bitcointalk.org/index.php?topic=1904801.0
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05-08-2017 , 12:20 PM
Hello everybody, complete noob here when it comes to trading/investing and need complete donkey guide. I've been following with one eye the cryptocurrency boom and predicted few coins to go up or down by just pure logic. I have never invested/traded anything in my life and have few questions. I don't really have time to study cryptocurrencies for the next 1-2 months for more than a hour per day so I would appreciate some solid answers.

1.) Is this 'boom' going to last for next few years? For the past couple of weeks/months a lot has changed and I saw ETH, BTC, LiteCoin and now Ripple boom, was also sure about TrumpCoin exploding when he won. I feel I've missed out on this and feel kind of bad about it really, even though I have no idea and shouldn't invest in the first place.

2.) If yes (you think it's going to boom), what kind of coins should one be looking at? How do you spot out a good coin out of hundreds of unknown coins? A good team behind it/developers, solutions in world applications? But aren't there a lot of solutions out already? Is it possible there is a coin out there already that just waiting to explode, but people/world haven't meet it's criteria for its applications yet? What are the chances?

3.) If no, why? Why should I not invest my time into researching/trading cryptocurrency.

4.) I've set up Kraken and CoinBase account, but they have only limited currencies to buy. Let's say I've done research on an unknown coin that I believe is gonna boom, how do I find a good platform with which I will be able to exchange and buy/sell fast? Is there a multi platform currency managment site (I know there must be dozens of it out there, but need someone with experience to tell me what is the best after fees, etc..)? It also seems big pain in the ass converting and exhanging between different eWallets for every little unknown coin out there, that I want to buy after I investigate and invest into it, but is this just how it is?

5.) Is it worth going into it? I can make 3-4k€/month with playing poker, I'm 21 and starting college this year, I don't really know what I'm going into with investing into cryptocurrencies. It seems that you have to spot one shill coin correct once and it can make you a nice ROI%. However, trading shill coins when they are being dumped/pumped seems kind of risky and I have no idea how that's done or how to spot that out.

6.) What's good bankroll managment? If I were to go all in on few things I thought were going to explode, I'd make some nice money by now, but yeah, have absolutely no idea.

7.) What should I learn about Market Cap, Volume, Circulating supply, etc..? How is all this connected? Example that I've just read from some anon:

A: I look for extremely low cap coins, invest a healthy amount and wait. I've made $350k doing this. FRN is top of my ****coin investments among some others.
B: Why do you call them ****coins if it's making you so much money?
A: Because they're worth ****. But a good crop can be grown in a big pile of ****.
B: How much money is lost trying to cash out the cryptocurrencies? How much of that 350k did you actually get?

Me: I have no idea how to interpret all of this, because I have no idea about anything. First thing I ask myself is:
1.) What are low cap coins
2.) What is crop and how can it make ****coin go up?
3.) Why do you lose money trying to cash out ****coins (other than fees)?
4.) Where can I learn things like these and implement them? Is there any basic cryptocurrency guide out there THAT IS GOOD, or should I just learn along the way about stuff?

I don't know what else to ask at the moment, neither do I have time.. It's just kind of irritating, because I wanted to throw 2k€ in Ripple a week ago, but of course told myself that I'm crazy and to not be stupid and invest into something that just other people tell me to invest into. Also in TrumpCoin before he won elections and ETH when it was 5$ or something like that, etc.. However, I know I'd make a decent amount of money if I were to go back in time and invest into everything my gut was telling me to invest. I hope you understand my struggle and maybe I just want to hear what some of you guys, that are more experienced would say to yourself when you began investing into coins. And what would you advise yourself now?

Last edited by N0M3RCY; 05-08-2017 at 12:36 PM.
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05-08-2017 , 12:28 PM
Quote:
Originally Posted by N0M3RCY
1.) Is this 'boom' going to last for next few years? For the past couple of weeks/months a lot has changed and I saw ETH, BTC, LiteCoin and now Ripple boom, was also sure about TrumpCoin exploding when he won.

The space is young and should continue to grow. Ignore TrumpCoin and almost all alts.

2.) If yes (you think it's going to boom), what kind of coins should one be looking at? How do you spot out a good coin out of hundreds of unknown coins? A good team behind it/developers, solutions in world applications? But aren't there a lot of solutions out already? Is it possible there is a coin out there already that just waiting to explode, but people/world haven't meet it's criteria for its applications yet? What are the chances?

Mainly look at protocol coins. Bitcoin, Ethereum, Cosmos (atoms), Tezos, 0x....(the last 3 not released yet...Tezos crowdsale on May 22)

https://medium.com/@melonproject/the...s-89e0a9dcf4d1


3.) If no, why? Why should I not invest my time into researching/trading cryptocurrency.

Do your own research

4.) I've set up Kraken and CoinBase account, but they have only limited currencies to buy. Let's say I've done research on an unknown coin that I believe is gonna boom, how do I find a good platform with which I will be able to exchange and buy/sell fast?

Poloniex and Bittrex have the most crypto <-> crypto pairs. Neither have fiat. Get bitcoin from Kraken/Coinbase, deposit to Polo, trade.

5.) Is it worth going into it? However, trading shill coins when they are being dumped/pumped seems kind of risky and I have no idea how that's done or how to spot that out.

Yes. Ignore speculative alts.

6.) What's good bankroll managment? If I were to go all in on few things I thought were going to explode, I'd make some nice money by now, but yeah, have absolutely no idea.

risk as much as you're willing to lose. If you have say $2,000 your comfortable losing, then buy $100 of bitcoin every day for the next 20 days. Then diversify into eth and other tokens of your choosing. Stay away from pumpy alts.
answers in bold.
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05-08-2017 , 03:08 PM
Best case scenario for individual buying XRP seems to be:

Short-term - increase in value as banks adopt leading too...
Long-term - a global currency with separate doors for banks/major institutions compared to the individual and increased centralization even over current fiat markets headed by entities outside of governmental reproach even further than current FED opponents could fear

Am I missing something or are the people touting ripple not the same group of decentralization proponents found in other crypto communities?
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05-08-2017 , 06:09 PM
i think because it's unlimited that's why xrp is just meh. but with the news that it might not be unlimited in the near future it's causing it go up in price.
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05-08-2017 , 06:43 PM
god damn poloniex was sucha ****show today, I'll be chillin in the trollbox and watching the books, but ill be doing all my trading on bittrex from now on

fool me once shame on you (xrp moon last month followed by ddos)
fool me twice im ****in outta here (str moon today followed by ddos)
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05-08-2017 , 10:12 PM
I'm just stunned at whoever's buying everything, holy **** at this week. Every day I wake up it's a price shock :/
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05-09-2017 , 07:47 AM
Quote:
Originally Posted by housenuts
Possible reason for ripple pump
https://bitcointalk.org/index.php?topic=1904801.0
Then what happens when lock up period is over? Ripple is known for trying to constantly keep the price from crashing, but it seems it's really only hurting itself long term.

What would have happened if everyone had their bitcoin locked up 6 years ago and they were going to be unlocked in 1 year?

They should just let the market do it's natural thing.

Or they know they can only sell a very small amount of ripple without crashing the price, so they might as well try and get a pump by "locking them up" because they couldn't be sold anyway! Now they get top dollar for the small amount of ripple they can sell.
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05-09-2017 , 07:49 AM
Edit* After posting this post, I've read and found.. what I actually want to know is how or where to learn TECHNICAL BASICS OF TRADING. So pretty much everything about trading from the beginning. Just as you learn in poker as an amateur which hands to open from which position in poker and which to 3bet, what kind of flops do you want to cbet, raise,.. I hope you understand my pain right now.

Thank you for answers! Now another questions have arised:

1.) I've made Poloniex account and then wanted to deposit some money/BTC. I get a Bitcoin Deposit Adress and what now? I need Bitcoin wallet, what are some good Bitcoin wallets, what's the difference? Are Kraken and CoinBase a sort of bitcoin wallet, I'm confused..?

2.) Let's say I want to move Bitcoins from Kraken to Poloniex, what do I do?

3.) What's the difference between Exchanging, Lending and Margin Trading?

4.) Is the recent crash good time to invest? It seems prices are finally being more realistic and will pick up the pace again when they fall down to the bottom. How do I figure out where the bottom is and jump in for maximum value?

I'm sorry for stupid questions, but I'm really short on time and am new to this, so it's pretty much going lightspeed through material and writting down questions.

Also pic related (WARNING - A LOT), I'm really confused at what I'm looking and would appreciate if someone could help me better understand or guide me what I should look/learn into in the future:



1.) What is this low/high and how does it matter?
2.) Pretty self explenatory, but anything else I should really be knowing about this?
3.) Don't know how this is helpful, other than just for a quick checkup.
4.) Can you convert BTC price into $ price? Seems pain in the ass converting all the time, or should this not even matter? Is there any theory behind fee? I look at it as rake at poker?
5.) Anything I should pay attention to here, other than the latest prices/bids?

That's all for now. Didn't know I'll spend so much time on basic stuff.

Last edited by N0M3RCY; 05-09-2017 at 07:59 AM.
Virtual Currency - Alt Coin Discussion Thread Quote
05-09-2017 , 08:32 AM
Quote:
Originally Posted by N0M3RCY
Edit* After posting this post, I've read and found.. what I actually want to know is how or where to learn TECHNICAL BASICS OF TRADING. So pretty much everything about trading from the beginning. Just as you learn in poker as an amateur which hands to open from which position in poker and which to 3bet, what kind of flops do you want to cbet, raise,.. I hope you understand my pain right now.

Thank you for answers! Now another questions have arised:

1.) I've made Poloniex account and then wanted to deposit some money/BTC. I get a Bitcoin Deposit Adress and what now? I need Bitcoin wallet, what are some good Bitcoin wallets, what's the difference? Are Kraken and CoinBase a sort of bitcoin wallet, I'm confused..?

2.) Let's say I want to move Bitcoins from Kraken to Poloniex, what do I do?

3.) What's the difference between Exchanging, Lending and Margin Trading?

4.) Is the recent crash good time to invest? It seems prices are finally being more realistic and will pick up the pace again when they fall down to the bottom. How do I figure out where the bottom is and jump in for maximum value?

I'm sorry for stupid questions, but I'm really short on time and am new to this, so it's pretty much going lightspeed through material and writting down questions.

Also pic related (WARNING - A LOT), I'm really confused at what I'm looking and would appreciate if someone could help me better understand or guide me what I should look/learn into in the future:



1.) What is this low/high and how does it matter?
2.) Pretty self explenatory, but anything else I should really be knowing about this?
3.) Don't know how this is helpful, other than just for a quick checkup.
4.) Can you convert BTC price into $ price? Seems pain in the ass converting all the time, or should this not even matter? Is there any theory behind fee? I look at it as rake at poker?
5.) Anything I should pay attention to here, other than the latest prices/bids?

That's all for now. Didn't know I'll spend so much time on basic stuff.
1 ATH/ATL
2. 24h high/low
3. quick overview with links, if something happens you can fast go to it
4. there is a usdt market for "dollar" trading, check 3. fee structure: https://poloniex.com/fees/
5. some people do. they are interested to track selling and buying behavior, for example if there is a big whale putting a sell wall and a lot of buys are eating into it, they might speculate that price will go up after the sell wall has been completely eaten.
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05-09-2017 , 10:08 AM
Quote:
Originally Posted by N0M3RCY

1.) I've made Poloniex account and then wanted to deposit some money/BTC. I get a Bitcoin Deposit Adress and what now?
I need Bitcoin wallet, what are some good Bitcoin wallets, what's the difference? Are Kraken and CoinBase a sort of bitcoin wallet, I'm confused..?

Kraken, Coinbase, Polo are exchanges. They hold your private keys. Not you. They get hacked, your bitcoin are gone.

Wallets: Electrum, Jaxx, paper wallets from www.bitaddress.org (set up a bip38 password)

paper wallet --> hide art --> bip38 encrypt --> generate.

print them out. remember your password. ie. write it down.



2.) Let's say I want to move Bitcoins from Kraken to Poloniex, what do I do?

Go to Polo. hit deposit bitcoin. it will show you an address to send to. copy that address. go to kraken, hit withdraw bitcoin, it will ask you what address to send to, paste in the address.


3.) What's the difference between Exchanging, Lending and Margin Trading?

all involve keeping your coins on exchange. dont do it. get your coins off exchange and into your own wallet. dont margin trade. you will get rekt

4.) Is the recent crash good time to invest? It seems prices are finally being more realistic and will pick up the pace again when they fall down to the bottom. How do I figure out where the bottom is and jump in for maximum value?

no one knows. if you like the technology, then invest.
.
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05-09-2017 , 02:28 PM
Ill try and answer you first questions really quick.

1.)To answer this question you would have to answer the question "where are the BTC that you currently have stored at now". Im guessing you have them on coinbase. You are going to copy that deposit address, navigate to coinbase, click send BTC and copy that address into the provided field. Triple check that the deposit address is the same as the one given at Poloniex. You are then going enter the amount of BTC that you want to send(i would suggest doing this with a very small amount just in case it is not done correctly). Now as far as if Kraken and Coinbase are wallets. Kraken, Poloniex, Coinbase etc are all exchanges that provide you with wallets (accounts) that they have the private keys to. If you have ETH and BTC in Coinbase they you have two different wallets one for ETH and one for BTC which are both provided to you by Coinbase(owner of the private keys).

2.)Answered this in number 1. Its the same as sending from coinbase to Poloniex. All three of them are exchanges.

3.)Exchanges are where you can buy and sell your tokens with other participants in the exchange. I place a sell order for x amount someone buys that order if there is a demand at that price. So all deposits default to your exchange wallets. If you want to start lending you would transfer the amount to your lending account wallet. There there will be able to see how much you can lend your coins out for (you get interest on the coins), if you do lend the coins are usually locked up for 2 days. This brings us to who is taking you loan? Well people who are margin trading. The same concept goes for margin as with lending you have to transfer funds into the margin trading wallet. I believe you can margin trade at 2.5 to 1. On both lending and margin there are only certain coins that you can use with them.



4.) honestly i have no clue lol


I know im kinda all over the place with info but ill answer any questions.
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05-09-2017 , 09:01 PM
Regarding Tezos ICO...

1) Many seem concerned about the uncapped crowdsale. What are the cons of an uncapped ICO?

2) I've seen mentions of "overfunding". In what ways would this be a negative?

TIA
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05-09-2017 , 11:08 PM
Quote:
Originally Posted by ___1___
Regarding Tezos ICO...

1) Many seem concerned about the uncapped crowdsale. What are the cons of an uncapped ICO?

2) I've seen mentions of "overfunding". In what ways would this be a negative?

TIA
I've bitched about these devs getting greedy myself in the past like with GNO, but in reality, I don't blame them. The market should make the price. If a fool is willing to pay the price, then that shall be the price. The fools need to lose their money sooner or later. Us bitching about it is kind of like when the biggest known nit goes all-in against a fish. We know the ****ing nits gonna get his cash, we want some for ourselves!

Hell, wallstreet STILL works like that. Pawning off hopeless IPOS for billions.

Sidenote.. dunno what tezos is, about to read up on it.
Virtual Currency - Alt Coin Discussion Thread Quote
05-09-2017 , 11:21 PM
Quote:
Originally Posted by onemoretimes
I've bitched about these devs getting greedy myself in the past like with GNO, but in reality, I don't blame them. The market should make the price. If a fool is willing to pay the price, then that shall be the price. The fools need to lose their money sooner or later. Us bitching about it is kind of like when the biggest known nit goes all-in against a fish. We know the ****ing nits gonna get his cash, we want some for ourselves!

Hell, wallstreet STILL works like that. Pawning off hopeless IPOS for billions.

Sidenote.. dunno what tezos is, about to read up on it.
Holy ****

"While all blockchains offer financial incentives for maintaining consensus on their ledgers, no blockchain has a robust on-chain mechanism that seamlessly amends the rules governing its protocol and rewards protocol development. As a result, first-generation blockchains empower de facto, centralized core development teams or miners to formulate design choices.

Tezos takes a fundamentally different approach by creating governance rules for stakeholders to approve of protocol upgrades that are then automatically deployed on the network. When a developer proposes a protocol upgrade, they can attach an invoice to be paid out to their address upon approval and inclusion of their upgrade. This approach provides a strong incentive for participation in the Tezos core development and further decentralizes the maintenance of the network. It compensates developers with tokens that have immediate value rather than forcing them to seek corporate sponsorships, foundation salaries, or work for Internet fame alone.

Tezos instantiates new technical innovations but also enforces types of constitutionalism through the use of formal proofs to mathematically verify that key properties are upheld over time. By allowing stakeholders to coordinate on-chain, the network also allows for the creation of bounties to implement specific features or discover bugs. Collectively, the network maintains the decentralized aspect of blockchains while introducing a mechanism to enable collective decision making. Tezos tokens not only power smart contracts in the network, but also allow votes on protocol amendments. The initial Tezos rollout is simple by design, but its self-amending nature means that the rules governing the network can be improved over time."

Am I brain dead or is that almost beyond comprehension. I haven't analyzed it much, but how is " When a developer proposes a protocol upgrade, they can attach an invoice to be paid out to their address upon approval and inclusion of their upgrade." much different then when the lead genius programmer has a massive stake in the company? AKA Vitalik Buterin
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