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

09-15-2018 , 02:23 AM
Volatility down here is has been persistently low every time we were in the 6-6.4k range

Strong signal imo that sell exhaustion is complete. Now have about 25% available position in this range. Moved up some buys to 5800 and 6200. Very heavily loaded at 5k than 4k before

Set it and forget it mode. Btc bless

Last edited by aggo; 09-15-2018 at 02:37 AM.
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09-15-2018 , 02:30 AM
Quote:
Originally Posted by stinkypete
Gambling addicts have like a 99%+ risk of ruin with neutral ev gambling. It might actually be worse for them since they're more likely to think they can win and get addicted.
Well I was somewhat joking. Where is this 0 EV gambling?
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09-15-2018 , 02:41 AM
Quote:
Originally Posted by Pinkmann
Well I was somewhat joking. Where is this 0 EV gambling?
Me playing poker
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09-15-2018 , 05:08 AM
Quote:
Originally Posted by stinkypete
Me playing poker
Should be +EV no?

Omaha games as good as they have they've ever been

35BB win rate this month, sorry bout that

Throw it all in to BTC and wait
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09-15-2018 , 03:59 PM
new acct first post? yeah not clicking that
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09-15-2018 , 04:28 PM
Shill post:

Metal Pay is now live on iOS



https://twitter.com/ProductHunt/stat...10257441505280
Virtual Currency - Alt Coin Discussion Thread Quote
09-15-2018 , 06:38 PM
I'm confused about Metal, do you have to pay using the app and the metal token to receive the metal bonus?

If not why is the metal token worth anything at all?
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09-15-2018 , 09:17 PM
Quote:
Originally Posted by TheMVP
I'm confused about Metal, do you have to pay using the app and the metal token to receive the metal bonus?

If not why is the metal token worth anything at all?
You receive up to 5% back on each p2p fiat transaction in the app. The utility for the MTL token hasn't been integrated into Metal Pay (or round-up investing app Crumbs) yet.

In Metal Pay, the more MTL you have and how your MTL balance increases will increase something called your "Pop score", which is used in the formula of how much MTL you get back.

In Crumbs, a BNB-like model is being considered for MTL.

So right now I guess it would be fair to say that it gets it's value purely from speculation, both of increased value just because more people are going to be seeing it with the app, and due to the utilities that are being built out on Pay/Crumbs (and future Metal products)
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09-16-2018 , 06:16 AM
All cryptos are massively correlated to one another. So its not really a question of one vs the other, but whether you want to invest in cryptos at all.
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09-16-2018 , 09:27 AM
If you poll 100 people about the alt coin most likely to be around in 10 years, I think Monero would be the most common answer by a pretty good margin.

I don't know about the timing or not but I think it's one of the safer plays there is outside of BTC.

Quote:
Originally Posted by RakebackGrind3r
Is Monero worth investing in at the moment? I have a friend trying to sell me on the idea religiously.
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09-19-2018 , 01:29 PM
Quote:
Originally Posted by aggo
Volatility down here is has been persistently low every time we were in the 6-6.4k range

Strong signal imo that sell exhaustion is complete. Now have about 25% available position in this range. Moved up some buys to 5800 and 6200. Very heavily loaded at 5k than 4k before

Set it and forget it mode. Btc bless
Agree with this analysis. My current outlook (and open to opinions) is this:

Bear Scenario: If the $5.8k support that everyone is looking at breaks, the market capitulates to a new yearly low which is expected to start around ~$5k. Then who knows.

Bull Scenario: The market has reached almost ATH shorts. If the $5.8k-$6.2k support holds and price rallies to ~$7k-$7.5k, those shorts will be forced to close, which could create higher highs, potentially ending the bear market.

Neutral Scenario: Support ranges holds but market fails to rally to the $7k range. Just more sideways.

Obvious "price will either goes up, down, or sideways" analysis is obvious, but there are some fundamental reasons why this might be a good accumulation level or wait-and-see which way the market breaks.
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09-20-2018 , 04:23 AM
Fundamental how?
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09-20-2018 , 04:59 PM
Quote:
Originally Posted by Mat Cauthon
Fundamental how?
Technical analysis absent voodoo indicators only understood by experienced traders. My assessment is based on 3 facts: 1) Market is highly leveraged, 2) ATH shorts opened around ~$7400, 3) Price is testing yearly support range that every trader views as a market capitulation if broken. I would guess that most longs are setting tight stops around the yearly low.
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09-20-2018 , 07:05 PM
Starting to get interesting at this level. Will trigger a lot of covering

Hope bears are nervous here


Destiny level for bear trend rn is about 7000-7200 area
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09-20-2018 , 07:13 PM
What happens at bear trendline will dictate market for prolly rest of year. Could still take 2 weeks or so to fully resolve, but anyone whose been watching the market knows we’ve been compressing for a while now while the bear resistance trendline continues to Drop lower and lower. A move is coming.
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09-20-2018 , 10:12 PM
The big pump on XRP today is making me feel pretty good about the market recovery starting
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09-21-2018 , 10:45 AM
Quote:
Originally Posted by imjosh
The big pump on XRP today is making me feel pretty good about the market recovery starting


Been going on since Tuesday, now XRP #2 by marketcap
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09-21-2018 , 10:47 AM
Quote:
Originally Posted by imjosh
The big pump on XRP today is making me feel pretty good about the market recovery starting
Lol, XRP has decoupled from bitcoin. All them ****coins going down whilst xrp going to the moon. The only coin with ACTUAL USE. HUNDREDS OF BANKS SIGNED UP, XRAPID PRODUCT NOT EVEN LIVE YET, LIVE BY EOY!

$10 EOY is conservative.
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09-21-2018 , 10:47 AM
Anyone shorting?
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09-21-2018 , 12:33 PM
saw this at grocery store and no lie I was thinking it was a sign

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09-21-2018 , 01:55 PM
Quote:
Originally Posted by Pinkmann
Anyone shorting?
where can i short xrp
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09-21-2018 , 02:05 PM
bitmex.

just lol @ $10, do you even maths, bro? Ripple won't ever get back to $3 let alone $10. Wait til the SEC declares it a security (as it clearly was issued by Ripple Inc in the usa), then RIP.
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09-21-2018 , 02:35 PM
I wouldn't short Xrp considering the ammount of moron who are behind it
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09-21-2018 , 08:24 PM
On XRP feels like this is buying the news that ripple might actually start working. Meaning when it starts working the price will go down imo.
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09-22-2018 , 04:01 PM
Quote:
Originally Posted by ECTAE
Lol, XRP has decoupled from bitcoin. All them ****coins going down whilst xrp going to the moon. The only coin with ACTUAL USE. HUNDREDS OF BANKS SIGNED UP, XRAPID PRODUCT NOT EVEN LIVE YET, LIVE BY EOY!

$10 EOY is conservative.
How is the public token integrated within the Ripple network that banks are actually interested in? AFAIK, XRP doesn't have a role in the interbank transfers.

Banks and financial institutions have shown interest in many token products for years, but none actually use them for anything. How is XRP different?

Also, has XRP decoupled? Every BTC pump has a lucky mooning ****coin that inevitably tanks shortly thereafter.
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