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

02-16-2018 , 08:58 PM
Quote:
Originally Posted by 1BigOT
https://silentnotary.com/
Solid product just raising ICO funds. Byteball network is super legit, this is a great partnership.

Cough* flat earther cough*
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02-16-2018 , 09:40 PM
Whatever happened with wanchain? Seems like everyone was hype and nothing now
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02-16-2018 , 09:49 PM
Waiting for wan to come onto either binance or kucoin basically for like the last 2 months.

They just announced a partnership with kyber.
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02-17-2018 , 12:54 AM
Going to be a lot of stupid money getting into wanchain at first exchange then a probably dump imo from ico
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02-17-2018 , 06:09 AM
damn the bull start running again
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02-17-2018 , 11:39 AM
https://www.endor.com/
Interesting coin in pre ICO
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02-17-2018 , 01:05 PM
Quote:
Originally Posted by Chuck Bass
Zilliqa came out a few days ago and is trading at 18.5x ICO price. Cool project but would not buy now, surely you can get it for cheaper later. Always google "xxxx ico price" before buying, icobench is a good site to find those quickly. Obv some coins will deservedly start trading at something like 5-10x ico price (Wan and AGI seem like obvious examples) but in general it doesn't seem like the best play to buy stuff that expensive.

Zeepin came out at the nut worst date when btc started to drop a couple of days ago and is now trading at 1.2x ICO price. Basically no one even noticed it coming out because everyone's just been F5'ing btc/usd charts. I think they received roughly the same amount of hype as Zilliqa and ICOed at the same time. Bought a bag of Zeepin today, I have a hard time seeing it go much lower. Bought at 1425 sats and expecting to see 2k+ in the very near future assuming bitcoin behaves itself.

Also got a bunch of Theta earlier at ~ICO price and went up a bit it's trading at 1.6x ICO price now. Low volume and this whole crypto market might die at this rate before it lifts off but I think it's dramatically undervalued (at least compared to almost everything else). It's a video streaming platform, think a twitch/youtube mix and you're on the right trail. Advisors include co-founders of both youtube and twitch, and Theta tokens already have a real-world use case. It's been kinda flying under the radar because 1) it's only trading on Huobi and some bs tiny exchanges for now, and 2) they decided to make their crowdsale private at the last second which pissed many people off. People seem to avoid buying the coin because of the latter but to me it just seems like a good thing -- there is literally no one invested in this coin who wants to sell it at these prices since virtually all tokens belong to big investors. Sure they probably pissed off some pleb traders but I assume they were the types to buy $100 worth anyway.

Would not buy ICX right now, they literally just held a conference to announce that they've been selling people garbage and their mainnet release is delayed by 2 months at least. That's why it's dipping and unless crazy Koreans buy the **** out of it without researching (which they might well do) I don't think we've seen the bottom. I bought it at around 12k sats and sold at 60k, it went up further since and has now descended to 66k. No idea where to draw the buyzone line but I don't like these mega hyped projects that fail to deliver promises.

My only longer term hold bags are omg, waves, ubq, kcs. Also got some sys, vee, wax, aix, and dbc. Not sure what my plan is with any of the latter 5 besides hope they pump at some point.

The best play might just be to exit all markets tho, stuff looks pretty grim still imo and I doubt that was the bitcoin bottom. I only have peanuts invested in any of this, I'm basically trading for the lols / because I find the whole market interesting / I like degening, so no, none of that was investment advice. Also wasn't trying to shill my bags because as I said they are very small, just kinda randomly decided to share how I feel about certain coins. If I was balls deep in crypto I think I would have panic sold everything about 6 times in January already tho.
Great shout on Theta. Absolutely flying today.
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02-17-2018 , 07:45 PM
Zcl doubled in the last week due to the upcoming btc private fork. It'll double again in a week since the fork isn't until 2/28. In case you want to make easy money (50%-100%) in a week, get in
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02-17-2018 , 09:12 PM
Is anyone else playing cryptocities.net

Its addicting and early enough that you can get cities for cheap. Looks like the first long term crypto game.
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02-18-2018 , 03:04 AM
Quote:
Originally Posted by child please
Zcl doubled in the last week due to the upcoming btc private fork. It'll double again in a week since the fork isn't until 2/28. In case you want to make easy money (50%-100%) in a week, get in
This
Can't see a bigger lock honestly
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02-19-2018 , 07:37 AM
Quote:
Originally Posted by child please
Zcl doubled in the last week due to the upcoming btc private fork. It'll double again in a week since the fork isn't until 2/28. In case you want to make easy money (50%-100%) in a week, get in
Quote:
Originally Posted by CHRONICFEVER
This
Can't see a bigger lock honestly
you guys mind sharing your plan of attack this week following the fork?

Also do you think just having ZCL on bittrex will qualify for getting BTCP or should I look to store in a wallet prior to the 28th
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02-19-2018 , 10:18 AM
I'd be careful with zcl buys, good chance it'll get dumped before the fork. Just look at $nxt graph for reference. Etc is another similar case happening this month (callisto).

No idea where the price will end up, maybe it'll double again, but just be careful and don't invest infinite in it imo. There are tons and tons of smart big money investors who are also buying zcl for the same reason, and some of that will get dumped before the fork for sure imo. Call me a nit but i'm not buying a single zcl at these prices. If you managed to buy at less than 100k satoshi a couple of weeks ago I think you'd be foolish to not dump at least some of it at ~2x profit.

edit: If you don't want to be a nit, at the very least set up sell orders for whatever you aim to sell it for instead of holding & waiting. Good chance some fomo guys will cause a single bigger spike and that'll be the top. But really, 2x in 2 weeks should be insane gains in any business & greed is your worst enemy

Last edited by Chuck Bass; 02-19-2018 at 10:47 AM.
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02-19-2018 , 03:49 PM
Anyone messed with litecoin cash yet?

I don't plan on holding but it's a nice dividend if you can move it into something else now.
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02-19-2018 , 04:30 PM
No value according to everything I read. Fork might be a good time to buy once price drop
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02-19-2018 , 05:55 PM
The fork already happened. Seems like LCC is trading around 2-4 $ each. And you get 10 pre Ltc you had pre fork.

It's actually a bit of money assuming you have some Ltc around.
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02-19-2018 , 05:57 PM
After Bittrex closed their registrations, Cryptopia became the biggest exchange for newbies to buy ZCL. They've been having withdrawal issues for weeks now. Assuming Cryptopia isn't pulling an exit scam and if those coins are released before the fork, I say we see a price drop. I don't know how many coins are stuck there, but they were essentially out of circulation for the recent run-up from .012 to .018.

Essentially I agree with Chuck Bass. Take profits if possible.
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02-19-2018 , 08:24 PM
I'm only in for the gamble ride. Plan on pulling out just trying to last as long as possible, seems to always be the case amirite??? Sort of want some BTCP but I know I'm not quick enough to profit selling ZCL after the fork unless I take off work the 28th and I'll still prob have no idea when it forks and how to sell in time
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02-20-2018 , 12:36 AM
Hey all. So a while back people mentioned how bitcoin and altcoins, there was a reverse correlation such as if bitcoin goes up, altcoin go down and vice versa. Some people mentioned if you wanted to bet against bitcoin, you bought altcoins. Can someone tell me if this statement was ever true? From what i noticed, if bitcoin goes up, altcoins follow. If bitcoin goes down, literally every single altcoin goes down.


Has anyone seen when bitcoin was down say 5 to 10 percent and altcoins go up 5 to 10 percent? I don't recall ever seeing that at all. And for people who hold altcoins, don't you have to have btc go up? Because if btc fails, basically all altcoins would fail?


And if bitcoin does hit 50k or 100k, will all the altcoins will be going up like similar rate? Such as if bitcoin hits 100k, well coins like dash would be 7k, monero would be 3k and coins that are 1 dollar would be 10 dollars? Because whenever bitcoin goes up 10 percent, the alts seem to go up a lot higher etc. Because it seems like all the altcoins in the top 50 will have do very well like btc if btc goes up etc. Thoughts on this? Because if btc goes up, then since its a bull market, does it matter really what coin to buy? Because when btc dropped all the way to 6k and then went back up, you could literally buy any coin in the top 50 and almost every one went up. The only thing is which coin will go up a higher percentage etc.
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02-20-2018 , 04:06 AM
Quote:
Originally Posted by PaulyJames200x
Hey all. So a while back people mentioned how bitcoin and altcoins, there was a reverse correlation such as if bitcoin goes up, altcoin go down and vice versa. Some people mentioned if you wanted to bet against bitcoin, you bought altcoins. Can someone tell me if this statement was ever true? From what i noticed, if bitcoin goes up, altcoins follow. If bitcoin goes down, literally every single altcoin goes down.


Has anyone seen when bitcoin was down say 5 to 10 percent and altcoins go up 5 to 10 percent? I don't recall ever seeing that at all. And for people who hold altcoins, don't you have to have btc go up? Because if btc fails, basically all altcoins would fail?


And if bitcoin does hit 50k or 100k, will all the altcoins will be going up like similar rate? Such as if bitcoin hits 100k, well coins like dash would be 7k, monero would be 3k and coins that are 1 dollar would be 10 dollars? Because whenever bitcoin goes up 10 percent, the alts seem to go up a lot higher etc. Because it seems like all the altcoins in the top 50 will have do very well like btc if btc goes up etc. Thoughts on this? Because if btc goes up, then since its a bull market, does it matter really what coin to buy? Because when btc dropped all the way to 6k and then went back up, you could literally buy any coin in the top 50 and almost every one went up. The only thing is which coin will go up a higher percentage etc.
When you buy an altcoin instead of BTC you are buying it in the hopes that it grows at a higher rate than BTC does. So it is a "hedge" in that regard, or a way to diversify yourself against the movement of BTC.

Let's say Bitcoin is trading at $10,000 and you have 1 altcoin trading at $100 (1/100 of a bitcoin). If Bitcoin drops to $5,000 and your altcoin is still trading at $100, now you have 2/100 of a bitcoin, and you made a winning move.

Let's say Bitcoin is trading at $10,000 and you have 1 altcoin trading at $100 (1/100 of a bitcoin). If Bitcoin goes up to $20,000 and your altcoin is still trading at $100, now you have 1/200 of a bitcoin, so you were better off just sticking with Bitcoin in this example.

Here's what i've observed happens in general.
i. BTC crashes, altcoins drop even faster than BTC does because people have to sell their alts to BTC in order to cash out.
ii. BTC trades sideways, people get bored and want some action so they dabble in altcoins, so altcoins go up in value relative to BTC.
iii. BTC goes up, traders sell their alt coins for BTC (i think this action makes sense if you follow the ideology that a rise in BTC shouldn't necessitate a market-cap rise in a particular altcoin).


If you're following the markets now you'll notice that we are in the scenario (iii) - where BTC is going up and people are beginning to sell alts for BTC. Sometimes this scenario leads to over-selling where altcoins actually decrease in USD (usually when BTC breaks key resistance levels, and especially when it sets all time highs). When this happens and strong altcoins (your top 20 marketcap standards, ETH LTC NEO XMR etc) actually drop in USD while BTC goes up in USD it's usually a good indicator to slowly buy these strong altcoins.

Last edited by beansroast01; 02-20-2018 at 04:12 AM.
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02-20-2018 , 03:30 PM
Quote:
Originally Posted by MrBlue
After Bittrex closed their registrations, Cryptopia became the biggest exchange for newbies to buy ZCL. They've been having withdrawal issues for weeks now. Assuming Cryptopia isn't pulling an exit scam and if those coins are released before the fork, I say we see a price drop. I don't know how many coins are stuck there, but they were essentially out of circulation for the recent run-up from .012 to .018.

Essentially I agree with Chuck Bass. Take profits if possible.
Holy ****, didn't even realize this (only learned about topia's issues a couple of days ago trying to withdraw something else... still pending).

Yeah I would snap dump every zcl at these prices and not think twice.
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02-20-2018 , 04:25 PM
Fwiw I don't disagree that selling at least some is a good move, but cryptopia is the only exchange for a lot of altcoins and has been having issues with withdrawing them for months, so don't think it's anything to do with ZClassic (and isn't a bitgrail situation imo). They are called craptopia for a reason.
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02-20-2018 , 05:16 PM
as soon as the snapshot will be over coins will lose more value than the combined value of ZCL+BTP
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02-20-2018 , 05:35 PM
I have 0% btc, trying to resist fomo at this point and just ride it out with ETH/alts and maybe pick up some cheap stuff
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02-20-2018 , 06:06 PM
Alts not doing well right now. Seems like big marketing push to get fresh money into bitcoin since the drop. For example, The Ellen show and tons of positive news popping up everywhere. Doesn't seem like any of this money made it to alts yet.
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