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

12-26-2017 , 06:35 PM
Quote:
Originally Posted by omar coming
The crypto market in 2018 depends on if these teams can actually start delivering on what they're promising. There is a lot of value in these coins with no working products yet. Nothing is guaranteed. Total crypto market cap of 5 trillion by this time next year is certainly possible. Total market cap shrinking is also possible.
So your telling me things might go up OR down? Total mind blower.
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12-26-2017 , 06:50 PM
Notes on the some BTC/crypto exchanges for US/Canada/UK residents (12/26/17):

1.Coinbase/1a. Gdax (San Fran)-for frequent trading in USD/BTC use the GDAX part of Coinbase rather than the Coinbase wallets to save fees; Coinbase has easy bank acct funding amd paypal withdrawal but at a higher fee than others. Only has 2-4 main coins.
2.Kraken (San Fran) -great for low fee trading among USD/many coins;Canadians also seem to like it; USD deposit/withdrawal available but slower, less convenient. Has good phone app. Website can be currently difficult but big improvements are on the way in 2018. Has about 10 coins
3.Poloniex (SF/Montana?)-does not trade or fund in USD so inconvenient, but is highly used
4.Gemini (NY)-reliable underused exchange owned by billionaire Winklevoss twins, decent reviews, has USD funding. Not available in AZ and a few other states yet
5.Cex.io (UK)-nice for small credit card btc exchanges Not available in AZ and some other states yet.
6.Bittrex (Las vegas)-good for alt/special coins trading;no USD traded
7.QuadrigaCX (vancouver) very nice for Canadians and Canada dollars.
8.Binance (hong kong with hidden servers in Korea and elsewhere)- currently a hot site fot alt coins ;seems easy to get registered now
9.Bitstamp-(UK ) old, large and still accepts US dollars I think but may be slow, overloaded
10.Hibtc(London)- used it for forked BTC coins
11.Bitfinex (Hong Kong with hidden servers in secret locations outside of China ) –huge but not available to us customers anymore

No exchange is 100% safe and none are problem free. I currently hold coins on several exchanges. Deposit/withdraw, buy/sell at your own risk. Corrections/additions are welcome.
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12-26-2017 , 07:01 PM
what if i told you cryptos weren't putting out "products" and are instead the receiving side of the greatest wealth migration in history?

Obviously many will fail, but i dont like how people apply ****ty wall street logic to cryptocurrency. theyre worth what theyre worth not because they are putting out "products" to sell to people, but because there are limited supplies and they arent being printed by the millions every year like fiat trash.
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12-26-2017 , 07:02 PM
Anyone have a strong opinion on Stellar (XLM)?

Also, are there any good summary sites with data/info on a bunch of different coins? Would like to use one as a quick reference (looking for more info than is on coinmarketcap)
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12-26-2017 , 09:20 PM
Quote:
Originally Posted by highroller3
what if i told you cryptos weren't putting out "products" and are instead the receiving side of the greatest wealth migration in history?

Obviously many will fail, but i dont like how people apply ****ty wall street logic to cryptocurrency. theyre worth what theyre worth not because they are putting out "products" to sell to people, but because there are limited supplies and they arent being printed by the millions every year like fiat trash.
They need to be able work first. Bitcoin and ethereum in their current forms aren't really worth a whole lot. There's an expectation and a need for them to scale, at least to some extent.
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12-26-2017 , 10:01 PM
Somebody needs to create a Chicago coin that rewards the entire city population for every 24 hrs without a murder.
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12-26-2017 , 10:19 PM
Factom has developed and is currently deploying enterprise level applications to secure and validate data. They anchor commitments of data into the bitcoin blockchain (although it is chain agnostic) because we all know the value of bitcoins network lies in its security, its immutable ledger, and not its efficiency. Factom leverages that security. It scales and utilizes a bi-token system to alleviate the volatility of the market price of the token for corporations. The use cases are endless (broad categories include enterprise level notarization, securing actionable data, provenance, and publishing audit trails for business processes. More specifically, securing mortgage documents, authenticating customer communication for banks, securing publicly traded stock prices every 15s in perpetuity, supply chain management, the list goes on). They have revenue generating clients and multiple partnerships being built with Fortune 100 companies (as stated by their sales and marketing executives:

https://www.reddit.com/r/factom/comm...the_sales_and/).

Think about the value of a trustless system that verifies and authenticates trails of data. Any kind of data.

It's distributed data vs. distributed computation (which is much, much more complex to implement in the real world than the market thinks)

Last edited by As1an1nvas1on; 12-26-2017 at 10:40 PM.
Virtual Currency - Alt Coin Discussion Thread Quote
12-26-2017 , 10:46 PM
Quote:
Originally Posted by _UM
I'm having a tough time buying anything other than on coinbase. I have a coinbase account with some litecoins and a few thousand worth of bitcoin.

I have a binance account that I sent some litecoin to from my coinbase account with the plan to buy a couple smaller coins. I did this 4 days ago and its still pending. I have a bitstamp account that takes weeks to verify.

Mainly looking to use USD and would consider paying a reputable poster/trader here to assist me with this.

This is confusing as hell for a complete newb.
I'm pretty newbish as well and I was able to figure out getting LTC and BTC on bittrex pretty easily.

Toughest part was enhanced verifying which took me 4 times but when you do selfie and ID make sure you have good lighting and your ID on a table, close up selfie with good light.

Then when you are verified for bittrex you have to download a google authenticator and follow a few of those steps. Then you can send LTE or BTC to bittrex and buy some coins after some lousy fees.
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12-27-2017 , 01:33 AM
Quote:
Originally Posted by Pokerlogist
Notes on the some BTC/crypto exchanges for US/Canada/UK residents (12/26/17)
Thanks for the info and taking the time. Much appreciated.
Virtual Currency - Alt Coin Discussion Thread Quote
12-27-2017 , 02:27 AM
Quote:
Originally Posted by As1an1nvas1on
Factom has developed and is currently deploying enterprise level applications to secure and validate data. They anchor commitments of data into the bitcoin blockchain (although it is chain agnostic) because we all know the value of bitcoins network lies in its security, its immutable ledger, and not its efficiency. Factom leverages that security. It scales and utilizes a bi-token system to alleviate the volatility of the market price of the token for corporations. The use cases are endless (broad categories include enterprise level notarization, securing actionable data, provenance, and publishing audit trails for business processes. More specifically, securing mortgage documents, authenticating customer communication for banks, securing publicly traded stock prices every 15s in perpetuity, supply chain management, the list goes on). They have revenue generating clients and multiple partnerships being built with Fortune 100 companies (as stated by their sales and marketing executives:

https://www.reddit.com/r/factom/comm...the_sales_and/).

Think about the value of a trustless system that verifies and authenticates trails of data. Any kind of data.

It's distributed data vs. distributed computation (which is much, much more complex to implement in the real world than the market thinks)
Hey Asian, for how long/how closely have you been following Factom? Is there a big development team? do you think they can realistically live up to what they are offering? (feel free to pm me if you don't want to clutter this thread) just looks an interesting concept.
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12-27-2017 , 05:48 AM
Here comes the NAV coin pump.
Virtual Currency - Alt Coin Discussion Thread Quote
12-27-2017 , 05:55 AM
Quote:
Originally Posted by RollTheDyche
Here comes the NAV coin pump.
one of the few coins that seems like its worth a pump...
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12-27-2017 , 06:10 AM
ICX is the ****.. just a tip.
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12-27-2017 , 07:53 AM
Quote:
Originally Posted by Pokerlogist
Notes on the some BTC/crypto exchanges for US/Canada/UK residents (12/26/17)
Thanks a lot! I was looking for the same.
Virtual Currency - Alt Coin Discussion Thread Quote
12-27-2017 , 08:06 AM
Quote:
Originally Posted by _UM

I have a binance account that I sent some litecoin to from my coinbase account with the plan to buy a couple smaller coins. I did this 4 days ago and its still pending. I have a bitstamp account that takes weeks to verify.
Hi Dude, Does the account have email or 2FA authentication. i have to do 2FA for coinbase for the transfer to go through?
Virtual Currency - Alt Coin Discussion Thread Quote
12-27-2017 , 08:47 AM
Quote:
Originally Posted by highroller3
obvious bull market in 2018 is obvious. Market cap at the start of 2017 was 17.7 billion and is now 590 billion. I'm predicting the in the 8-12 trillion range by the end of next year. There are two cryptos that will be dropped soon which i think will make some people millionaires in the next 18 months.
Oh cmon... I'll bite. WHICH TWO?
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12-27-2017 , 11:50 AM
Thoughts on Neblio and Stratis?
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12-27-2017 , 01:17 PM
I've tried searching this thread, but can't find a straight answer: Any suggestions on good sources of information for crypto research-specifically alt coins? Obviously I understand the speculative nature of alt-coins at this point, but it just seems like one more thinks X coin is going to the moon for X reason and the next person thinks the coin is a complete scam/fraud.
How do you recommend being able to decipher who the smart investors/teachers are and who are frauds?
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12-27-2017 , 01:26 PM
+1 I have been looking for something similar
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12-27-2017 , 01:47 PM
do your own due diligence?

join slack channels, skype groups, read white papers, check road maps, research dev's and their credentials, r/cryptocurrency, etc.

occasionally someone will even post something good in here, like azn.
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12-27-2017 , 01:56 PM
Well yea, no site will reduce the need for due diligence, that's not what I'm asking for. Would be nice to have an aggregation of basic info to use as a starting point. Coinmarketcap is one but hoping to find another with more detail
Virtual Currency - Alt Coin Discussion Thread Quote
12-27-2017 , 03:46 PM
Quote:
Originally Posted by philfan05
I've tried searching this thread, but can't find a straight answer: Any suggestions on good sources of information for crypto research-specifically alt coins? Obviously I understand the speculative nature of alt-coins at this point, but it just seems like one more thinks X coin is going to the moon for X reason and the next person thinks the coin is a complete scam/fraud.
How do you recommend being able to decipher who the smart investors/teachers are and who are frauds?

You +1'd this post, figuring this out is a process, and a reliable conclusion isn't just sitting somewhere for you most of the time...so i gave some different options to sort these questions yourself.

Anyway, here is the cooler version of a coinmarketcap'esque site imo, maybe you'll like.

https://www.livecoinwatch.com/

To be on top of the alt game you need to be super involved in so many things channels/groups/forums/news/feeds because its so rapidly changing and evolving.

GL
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12-27-2017 , 03:50 PM
Yes- what bware said. I realize its not apples to apples, but when I started learning poker, I'd read books and a lot of them were saying a lot of the same things- These hands are strong, position is important, etc. Right now I try to go out and do research and one source says AA is the best starting hand, one says 72o and one says J10s.

I'm looking for reliable base-line sources for which I can build a foundation to evaluate what others are saying and expand from there.
Everyone makes it sounds like their research and development teams are the best. Example, the guy that started Cardano used to work at ETH and is said to be improving on all the mistakes on them. OK- is this like Lebron leaving the Cavs to start a new team, or is this like Carmello saying he wants to shoot more and starting a new team?
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12-27-2017 , 04:07 PM
I named some spots to go, to learn more about the development teams yourself by chatting with them in their slack channels/reddit ama's, or learn more about a projects code consensus on reddit, or ask someone smarter than you that has specialized in researching a specific project in an alt based skype group, or just pick up all of JMO's bags(semi serious), whatever.

Last edited by shipit2kg; 12-27-2017 at 04:13 PM.
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12-27-2017 , 05:10 PM
Anyone have any opinions on ICON (ICX) and Enigma (ENG)? Have small positions but thinking about adding more.
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