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

02-09-2018 , 07:50 PM
Quote:
Originally Posted by gangip
If you begin 10 positions at market cap weight and never fiddle with the positions they will always remain at market cap weight.
Hmmm, can't believe I hadn't thought of that, but you have to rebalance when positions drop out of the top ten and when new coins enter the top ten, don't you? (suppose you could hold those that drop out, but you definitely should add those that enter the top ten.)
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02-09-2018 , 08:40 PM
You think the SEC will go after Tezos.

I kinda like that project.
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02-09-2018 , 08:54 PM
Hello guys, just came across this thread. I was wondering if there are any crypto skype groups out there already? I did create one myself as well and hopefully it will be active and a good place to share and collaborate information in. If any of you guys are interested in joining, just pm me.
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02-09-2018 , 09:08 PM
Holy **** this Nano(XRB)/Bitgrail stuff is fukked. First big scam to happen to a legit product during my time in crypto
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02-09-2018 , 09:33 PM
Quote:
Originally Posted by barney big nuts
icon bears/bulls

Long story so not gonna get into it too much but I tried to make a shorterm move with icon and sold other holdings but then icon took this massive downswing(larger than almost every other top 50 coin) and now im kinda ****ed
So I'd like to hear what you guys think.
ICON not yet listed on any korean exchanges once it is will the price go back up?
The total supply is around 400 million which is large so how high can this thing go?
As it stands if I sell now im selling @ a 5k loss so not sure what I should do.

Any help would be greatly appreciated. TIA



edit- I made this move before chuck bass posted that icon is garbage

I literally picked the worst possible time to do it i could not have picked a worse time or coin to do it with.
I feel like punching myself in the face -(

Lesson: Do your research before buying stuff, when a coin goes down it's not called a "downswing", there's (usually) a reason behind it. I'm really not at all knowledgeable about crypto but even I would have snap sold every ICX I had after the Jan 31 news. I mean they held their biggest conference ever and all they had to present to their audience was a huge delay in the project, which basically just makes their entire project super questionable at this point. It lost over 50% of it's value (in btc) in like 2 days as a result... if you somehow manage to buy icx there instead of selling you're not doing enough research, very easy trap to avoid.

I don't really have an opinion about ICX longterm, imo at these prices I wouldn't touch it, but lots of people smarter than me have loads of it. I think there's a legit chance it will go up at some point and if I were you I also wouldn't sell at a loss (pending other bad news). ICX is one of those super hyped coins that for some reason always shoot up big following any random hype. This and the lack of an actual project to showcase is why I think it's super overvalued atm, but at the same time it would not shock me at all if there was another hypewave that made it shoot to the moon again. If I held ICX I'd be looking for a chance to dump it and get ready to sell at the next runup, there are so many better opportunities out there and even after coming down ICX marketcap is still absurdly high. Never know about those crazy Koreans tho, I mean ADA doesn't really have anything to show either and they are somehow top5 marketcap. That's just me tho and I'm really just a random observer who can barely spell "blockchain"

Quote:
DBC is my bigger bag right now, my thought as someone who loaded too much beginning of the year :
- Company seems super legit : legit service and big clients
- AI is a huge legit market
- I ve more and more doubt the token and the specific service of the token will ever be used since CPU/GPU sharing services didnt get good results in the past but maybe this one could be different with AI market behing. But maybe it s the market crash talking more than anything.

I missed a huge opportunity to sell at 50cents, since then it started dropping even before the market crash.
It has been tanking with a pretty solid trading volume, that s the only reason why i didnt move on. 10 cents a coin is pretty cheap if you believe in the token, market cap is deceptively low , coinmarket cap has the wrong value of token circulating it s 1.5B and not 900M if i not mistaken, still super low market cap so alot of room to grow 10X.

it s worth comparing to https://coinmarketcap.com/currencies/singularitynet/ , which is in the same category : AI utility token, but i didnt do any research to see if it s competing, AGI didnt suffer the crash so it will not have any bad memory DBC has, with people buying at up to 60cents and see it drop to 8 cents.

Yeah I like DBC a lot. I bought it when it first came out (literally woke up at 3am on Christmas Eve to buy), managed to 9x, and somehow then also managed to not sell a single coin only to watch it dip ~75%. Pretty funny to look at the graph now, wp Chuck. I def like DBC as a mid-term type of buy, if I had to make a list of 10 coins that I think are the most likely to be up value by the time WSOP starts I'd include DBC there. It just has to be super undervalued compared to most coins.

The downside is that it's only on Kucoin and Huobi. The latter has tons of fake sellwall manipulation which helped to drive the price down -- it started dipping literally on the exact date Huobi launched their DBC trade volume competition and never recovered. Its initial bullrun was largely because of the Kucoin effect, it was one of the ~8 heavily promoted coins there that had the exact same bullrun and then huge dip in December->January before market crash. Since then Kucoin has added like 100 new bs coins, which eat a part of the $ flowing into Kucoin markets --> less money to flow into DBC. That's why I think there's no massive rush to buy DBC as it might remain relatively stagnant for some time (although some of the better Kucoins have started waking up lately). Anyway it's a very legit project with a strong community, and it might actually make it to Binance one day. Out of all Kucoins it's probably in the top5 most likely to make it to Binance, and if that happens --> Moon. The moon might still be less than that December bullrun tho, but def seems like a +EV investment
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02-09-2018 , 09:56 PM
Anybody else loaded up on $wax for this upcoming Huobi play? Cbf to stay awake and try to take advantage of the actual arb, but expecting my wax to be worth at least 10%, hopefully 20% more when I wake up. Been buying dips for days for the swing and now 25% of my portfolio is wax which is about 10 times more than I'd like to own, really hoping to get to dump most of it after tomorrow. YOLO
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02-09-2018 , 11:31 PM
Quote:
Originally Posted by Chuck Bass
Holy **** this Nano(XRB)/Bitgrail stuff is fukked. First big scam to happen to a legit product during my time in crypto
Link?


Also feels like you could bet on damn near anything right now and get 25% in the next week or so.
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02-09-2018 , 11:40 PM
Think marketcap will be back at 450m and either go through 600m this week or back down below 400m
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02-09-2018 , 11:47 PM
Quote:
Originally Posted by Go Get It
Link?

Also feels like you could bet on damn near anything right now and get 25% in the next week or so.
13 million XRB or around $130m missing from the BitGrail exchnage. Go to the site to see the statement.

Quote:
The Nano Dev's response:

On February 8th, 2018, the Nano Core team was informed by Francesco “The Bomber” Firano — owner and operator of the BitGrail exchange — of a loss from the BitGrail wallet. Our team promptly contacted law enforcement and we are fully cooperating with law enforcement on this matter.

From our own preliminary investigation, no double spending was detected on the ledger and we have no reason to believe the loss was due to an issue in the Nano protocol. The problems appear to be related to BitGrail’s software.

We had no knowledge of BitGrail’s insolvency prior to February 8th.

In our conversation yesterday (which you can find attached.. adding back shortly), Firano informed us of missing funds from BitGrail’s wallet. An option suggested by Firano was to modify the ledger in order to cover his losses — which is not possible, nor is it a direction we would ever pursue.

BitGrail is an independent business and Nano is not responsible for the way Firano or BitGrail conduct their business. We have no visibility into the BitGrail organization, nor do we have control over how they operate.

We now have sufficient reason to believe that Firano has been misleading the Nano Core Team and the community regarding the solvency of the BitGrail exchange for a significant period of time.

We will not be responding to individual posts or accusations by Firano regarding this situation. We are preparing all information we have on the matter such as blockchain entries, screenshots, and chat logs and presenting them to law enforcement.

Please refer to our Twitter account @nanocurrency for future links to official statements.

Thank you,
The Nano Core Team
You can read the chat between the owner of the exchange and the devs here.
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02-10-2018 , 12:41 AM
Thoughts on USDT? Safe to hold? I know it has discussed many times wondering if there is any new news.
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02-10-2018 , 12:50 AM
Anyone else starting to worry about Binance a little? Been wanting to cave in and grab some stupid STEEM for days now and it never loads properly.
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02-10-2018 , 01:27 AM
Quote:
Originally Posted by Czar Chasm
Anyone else starting to worry about Binance a little? Been wanting to cave in and grab some stupid STEEM for days now and it never loads properly.
Go to their twitter and they have links to the KR and US sites. Works perfect.
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02-10-2018 , 02:16 AM
Quote:
Originally Posted by the real mg0698
Thoughts on USDT? Safe to hold? I know it has discussed many times wondering if there is any new news.
Safe to hold in Tether
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02-10-2018 , 06:06 AM
Quote:
Originally Posted by pokerodox
Just built myself an index. Bought the top ten coins by market cap, weighted based on their market cap. Actually, not done weighting. I have the four on coinbase weighted properly against each other, plus the other six properly weighted against each other, but I'm overweight the coinbase-four. Anyway, I will fix that soon. I know I need to get them stored offline. Working on that.

My plan is to rebalance every two weeks or every month.

Thoughts?
tbh i think this is a bit of a lazy strat haha but ya proly won't go too far wrong.

personally not a fan of ripple, bcash, or iota but that's just me.

Quote:
Originally Posted by Chuck Bass
Holy **** this Nano(XRB)/Bitgrail stuff is fukked. First big scam to happen to a legit product during my time in crypto
nem hack was only a couple weeks ago and that was 500MM+. but yea sucks to see this stuff going on...esp when you hold some and see the price dropping while everything else recovers.
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02-10-2018 , 06:10 AM
Quote:
Originally Posted by ddlloo12
Think marketcap will be back at 450m and either go through 600m this week or back down below 400m
i reckon, based on very little, that it stays in the 400's until chinese new year on the 16th then we see some growth and have a strong second half of feb and a very strong march. if nothing major goes wrong obv.
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02-10-2018 , 08:44 AM
Quote:
Originally Posted by Adiprene1
nem hack was only a couple weeks ago and that was 500MM+. but yea sucks to see this stuff going on...esp when you hold some and see the price dropping while everything else recovers.
Ah true, forgot about that already lol. Everything moves so fast in crypto that a major event two weeks ago seems like ancient history



Quote:
Originally Posted by Chuck Bass
Anybody else loaded up on $wax for this upcoming Huobi play? Cbf to stay awake and try to take advantage of the actual arb, but expecting my wax to be worth at least 10%, hopefully 20% more when I wake up. Been buying dips for days for the swing and now 25% of my portfolio is wax which is about 10 times more than I'd like to own, really hoping to get to dump most of it after tomorrow. YOLO
Well that was the easiest money ever, bought at around 3300-3400 sats and sold at 5kish. Lazy hodlers, there's literally a massive arb announced on coinmarketcap with the exact date and time when it happens and barely anyone bothered to take advantage
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02-10-2018 , 11:40 AM
Quote:
Originally Posted by pokerodox
Just built myself an index. Bought the top ten coins by market cap, weighted based on their market cap. Actually, not done weighting. I have the four on coinbase weighted properly against each other, plus the other six properly weighted against each other, but I'm overweight the coinbase-four. Anyway, I will fix that soon. I know I need to get them stored offline. Working on that.

My plan is to rebalance every two weeks or every month.

Thoughts?
Horrible idea. If you bought around the bottom of the dip (btc at 6k etc) sure it's a +ev play, might be even at today's prices. But it's still significantly less +ev than doing literally anything else, half of those coins are trash. You're basically buying tons of overpriced garbage without having any idea what you're even buying. Decent chance even this horrendous portfolio will go up in $ value since Feb/March might end up being decent months for crypto. But it's still a very bad idea imo.

If I was forced to only operate in the top10 I'd just buy tons of eth and some neo, ltc, btc at those prices.

Lots of people I know have this same strategy, they just want to be in crypto and cbf to do one second of research so they buy what's up there. Tons of ppl also bought 19k bitcoin to hold in December because they thought it would make them rich in the long run. I have no idea what will happen with bitcoin but it should be pretty obvious you don't want to buy the **** that's peaked, you want investments that have potential to peak and haven't yet.

edit: That last sentence wasn't a take on bitcoin's current price, I don't really have an opinion where it should go. I just meant that top10 marketcap = stuff that's already broken out and become expensive, lower caps --> still potential. I just used the december bitcoin price as a comparison to blindly buying coins because they are expensive.

I'm also pretty sure the market will go down again, we may not even have seen the bitcoin bottom yet. Will almost certainly at least touch 6,xk at some point in the near future. If I were you, what I'd do is sell that portfolio, wait patiently for a dip, and spend that time researching coins so that when the dip eventually happens you'll be making better investments and at better prices. FOMO is your worst enemy.

Just my 2c

Last edited by Chuck Bass; 02-10-2018 at 11:49 AM.
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02-10-2018 , 11:46 AM
Quote:
Originally Posted by Chuck Bass
Holy **** this Nano(XRB)/Bitgrail stuff is fukked. First big scam to happen to a legit product during my time in crypto
Damn $170 million is a lot to disappear, imagine some big holders are suicidal right now! Railsblocks was massively shilled and the pump was ridiculous $12 million to 4.5 BILLION in two months. Seems like some sort of scam and imagine main players have made their exit. I wonder if mcap will crash hard over next few weeks.
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02-10-2018 , 11:59 AM
Bitgrail was shady since December.
People have been Greedy with xrb hype.
The more we see them the less I believe in those super fast coin with minimal fees anyway : Xrp Xrb Xlm iota...
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02-10-2018 , 12:05 PM
Kcs price compared to current volume deserve a +30% correction imo.
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02-10-2018 , 12:48 PM
I'm buying more NANO on the dip every couple of days.
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02-10-2018 , 01:03 PM
i was considering today whether to sell off my xrb. not because i don't think it will recover, but i just don't see how it's more likely to multiply in value than some other options....the problem is that i like xrb, and i think alot of other people do too, so who know...
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02-10-2018 , 01:07 PM
I ve trouble seeing value in those when coins with solid bases are getting 2nd layer solutions that are likely to do it as fast and cheap.
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02-10-2018 , 01:31 PM
Quote:
Originally Posted by DoctorZangief
I'm buying more NANO on the dip every couple of days.
Be careful pal lots of red flags. What do you think of this?

https://www.reddit.com/r/CryptoCurre...n_with_a_lack/
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02-10-2018 , 02:02 PM
Quote:
Originally Posted by a_r_K
Be careful pal lots of red flags. What do you think of this?

https://www.reddit.com/r/CryptoCurre...n_with_a_lack/
The mob mentality of the XRB fanboys in this (referring to the link) thread is enough to turn me off of it entirely.
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