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Old 02-20-2018, 06:21 PM   #4801
eddymitchel
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Re: Virtual Currency - Alt Coin Discussion Thread

90% of alts deserves a big purge at this point.
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Old 02-20-2018, 06:21 PM   #4802
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Re: Virtual Currency - Alt Coin Discussion Thread

Which is why all you should buy is alts alts alts. I'm also 0% bitcoin, always have been (although hold some for quick swingtrades)


edit: That was a response to the bitcoin rallying / alts having a rouch time discussion. Just don't buy crap alts aka half of the top100 cmc, not to mention low cap ****coins
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Old 02-20-2018, 06:24 PM   #4803
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Re: Virtual Currency - Alt Coin Discussion Thread

I'm 0% bitcoin and regret it everyday. That's super moronic considering how good bitcoin is with a ton développement coming.
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Old 02-20-2018, 06:53 PM   #4804
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Re: Virtual Currency - Alt Coin Discussion Thread

also 0% btc. i have faith that it's days of domination have seen their best days, and that if you pick the right alts you'll comfortably outperform btc this year.
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Old 02-20-2018, 07:55 PM   #4805
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Re: Virtual Currency - Alt Coin Discussion Thread

Agree on the current regret of having 0% btc, but only because I'd be buying right now. I had ~20% ETH that got bought down to ~10% when WTC had that crazy market order on Binance a couple days ago, so that 10% ETH is my current "dry powder". I made the decision to use ETH as my base rather than btc a couple weeks ago, and it had treated me well until these past couple days
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Old 02-20-2018, 08:54 PM   #4806
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Re: Virtual Currency - Alt Coin Discussion Thread

Hey guys, I think we should use one of the most volatile cryptos as a reserve currency and trading pair for all the altcoins. What could go wrong?
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Old 02-20-2018, 08:57 PM   #4807
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Re: Virtual Currency - Alt Coin Discussion Thread

It still trips me out how dudes who only only hold BTC see this as a source of pride and not a scathing indictment.


"Way to go boys, we crashed the entire market! Again!"
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Old 02-20-2018, 10:10 PM   #4808
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by Harmonica View Post
Could you tell what the sign is?.
Quote:
Originally Posted by barney big nuts View Post
yes please
Quote:
Originally Posted by 5 south View Post
I was a little bit tipsy when I made that comment yesterday. My lol beer logic said that BTC up, NEO down then surely when BTC goes down NEO will go up and will be a good hedge against BTC. Upon further review, if NEO goes down while BTC goes up, what in the world is going to make NEO go up as BTC falls? Seems like it should just go down more. I don't know but I'm curious to hear also now.
Oh uhhh sorry guys there was supposed to more words there. This might not look like broken English,

Quote:
Originally Posted by 6ix View Post
Most those not aware...
but there were a couple sentences in between 'most' and 'those' that got deleted.

Anyhow, the img shows both NEO and BTC gaining in USD value but BTC jumps up a bit in USD value so NEO drops in satoshi value, even though NEO is still slightly gaining in USD value throughout, and then continues to correct its satoshi level quickly up and down while maintaining its USD value. It starts to show an overall return in confidence and rationality and normality, lol, relatively speaking of course.

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Old 02-21-2018, 02:40 AM   #4809
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by 6ix View Post
Hey guys, I think we should use one of the most volatile cryptos as a reserve currency and trading pair for all the altcoins. What could go wrong?
How else are the ****coins supposed to be valued?


When they trade on offshore exchanges with almost 0 oversight and regulatory confinements which make it impossible for them to ever offer fiat trading services. The only reason why NEO possesses a market (and subsequently any value) at all is because ethereum and bitcoin have functioning fiat markets. This gives neo a pricing mechanism through neo/btc and neo/eth
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Old 02-21-2018, 03:26 AM   #4810
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Re: Virtual Currency - Alt Coin Discussion Thread

Doge only coin in green today.
#yearofthedoge
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Old 02-22-2018, 12:42 AM   #4811
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by eddymitchel View Post
Doge only coin in green today.
#yearofthedoge
Nano getting pumped.
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Old 02-22-2018, 02:07 PM   #4812
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by Chuck Bass View Post
Which is why all you should buy is alts alts alts. I'm also 0% bitcoin, always have been (although hold some for quick swingtrades)


edit: That was a response to the bitcoin rallying / alts having a rouch time discussion. Just don't buy crap alts aka half of the top100 cmc, not to mention low cap ****coins
Care to name any of the top 100 you would particularly avoid ?
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Old 02-22-2018, 02:09 PM   #4813
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Re: Virtual Currency - Alt Coin Discussion Thread

you should most likely avoid 80+ of them so hard to really make a list.
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Old 02-22-2018, 07:14 PM   #4814
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Re: Virtual Currency - Alt Coin Discussion Thread

Tezos

Quote:
By Paul Vigna
Updated Feb. 22, 2018 3:31 p.m. ET

A monthslong battle for control of $232 million raised in an initial coin offering came to an abrupt end on Thursday.

For months, the husband-and-wife team behind a cryptocurrency project known as Tezos has been locked in a fierce battle for control of the funds with the head of the board of a nonprofit foundation that sold the digital coins. More than 30,000 participants in that coin offering, one of the biggest of 2017, were in limbo while the two sides duked it out.

Now, the head of the nonprofit foundation, Johann Gevers, has said he would step down. This clears the way for new leadership at the foundation, opening up the $232 million to be used by Arthur and Kathleen Breitman to develop the Tezos project.
https://www.wsj.com/articles/a-232-m...ose-1519331027



Looks like the HitBTC pre-launch futures are up about %14 today.

https://coinmarketcap.com/currencies/tezos/
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Old 02-22-2018, 07:27 PM   #4815
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Re: Virtual Currency - Alt Coin Discussion Thread

Yeah, good news for tezos today.

But that IOU price does not mean much of anything.
Waves IOU price was over $20 and when it was released it was 17 cents.
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Old 02-22-2018, 07:36 PM   #4816
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Re: Virtual Currency - Alt Coin Discussion Thread

Tezos will be blown out of the water by Agoras.

Anyone have thoughts on Chainlink?
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Old 02-22-2018, 07:39 PM   #4817
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by 1BigOT View Post
Tezos will be blown out of the water by Agoras.

Anyone have thoughts on Chainlink?
Agoras will be blown out of the water by that other ICO. And that other one by the other one. Until the fun stops.
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Old 02-22-2018, 07:42 PM   #4818
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by outfit View Post
Yeah, good news for tezos today.

But that IOU price does not mean much of anything.
Waves IOU price was over $20 and when it was released it was 17 cents.
Aye. Just a little indication that the news was positive.
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Old 02-22-2018, 07:46 PM   #4819
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
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Aye. Just a little indication that the news was positive.
Yeah, it was cool how the market reacted. That guy that resigned was a sociopath. Some of those quotes he said are crazy. Then deleted them.
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Old 02-22-2018, 11:39 PM   #4820
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
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Agoras will be blown out of the water by that other ICO. And that other one by the other one. Until the fun stops.
Agoras is the fun stopper. Literally the only coin that will matter if it achieves its vision.
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Old 02-23-2018, 08:49 AM   #4821
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Re: Virtual Currency - Alt Coin Discussion Thread

Noob question. Won't 99% of ICOs be rendered defunct by upgrades and second layer applications on first mover blockchains? Are there any 'problems' that can't be solved this way?
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Old 02-23-2018, 08:59 AM   #4822
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Re: Virtual Currency - Alt Coin Discussion Thread

I agree with you that at this point first movers with solid development are super hard to catch up. If lightning network deliver, you can most likely bury most cheap fast coin, once/of they ll add privacy layer to bitcoin alot of the worse privacy coin will take a big dive.
I m less convinced ethereum will conserve a first-mover advantage since they arent that advanced compared to other projects since the bar is much higher than bitcoin.
99% of ICO have useless blockchain and tokens and are shamefull moneygrab so anyway they ll die within a few years.
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Old 02-23-2018, 09:11 AM   #4823
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by Adiprene1 View Post
also 0% btc. i have faith that it's days of domination have seen their best days, and that if you pick the right alts you'll comfortably outperform btc this year.
I'm sure there are at least a few alts that will out perform btc by just holding this year. I don't think its a solid overall strat though and I'd suggest newer people to the space keep at least 50% in btc.

BTC's domination isn't going away any time soon. The market domination % will go down just because each day there are 10-100 new coins created out of thin air. Most of these will fail and are trash. Lots of the coins in the top 25 are trash (imo). BTC has the best developers working on it with lots and lots of innovation in the pipeline (MAST, Merkletrees, taproot....I could keep going on). It isn't the highest value coin because it got there first.

If you are planning on buying and selling alts throughout the year I'd suggest you aim is to accumulate as many btc as you can. Maybe you're a ETH minimalist and your aim should be to acquire as many ETH as possible but the overall goal is to accumulate as many BTC/base crypto you think will be the most valuable. I'd also suggest owning some solid projects that are 'blue chip' cryptos like monero as well.
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Old 02-23-2018, 10:37 AM   #4824
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by eddymitchel View Post
I agree with you that at this point first movers with solid development are super hard to catch up. If lightning network deliver, you can most likely bury most cheap fast coin, once/of they ll add privacy layer to bitcoin alot of the worse privacy coin will take a big dive.
I m less convinced ethereum will conserve a first-mover advantage since they arent that advanced compared to other projects since the bar is much higher than bitcoin.
99% of ICO have useless blockchain and tokens and are shamefull moneygrab so anyway they ll die within a few years.
+1

But side chains could be harder to incorporate in decentralized main chains than many think. As of right now, it can't be secured using the main chain, without putting a centralizing pressure on mining, as miners would have to validate every side chain as well as the main chain. They would be "forced" to do that to maximize revenue, which would be necessary to remain profitable in a cutthroat competitive business.

Federated two-way pegs will always be possible, but then a chain with its own coin and hash power will be more secure. But huge, bloated chains will always be centralized and pointless, so it will be a pretty narrow niche where pretty conservative (throughput-wise) chains, with different features than Bitcoin, are still desired enough to finance enough hash power to be secure.
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Old 02-23-2018, 11:20 AM   #4825
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Re: Virtual Currency - Alt Coin Discussion Thread

I'm still a noob and didn't read much about side chain and sharding and other cool new stuff since most seem pretty theoretical still.
At the very least lightning network looks good on paper for the fast payment use case. Most of the fud I've read seems easy to debunk but we still need to see how effective the "network aspect will be", the p2p payment aspect seems functional already.
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