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Alt Coin Thread (Vertcoin, OMG, CVC, PAY etc).

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Comments

  • Registered Users, Registered Users 2 Posts: 8,158 ✭✭✭Grumpypants


    Word of warning if you use Bittrex to hold your Alt coins. They regularly retire wallets and you could lose access to your coins. Bitcoin Gold is going today. They shut RISE and Signal earlier in the year too.

    I though it would mean you just couldn't buy and sell but apparently you can't even withdraw them once it's gone.


  • Registered Users, Registered Users 2 Posts: 18,702 ✭✭✭✭Dohnjoe


    Word of warning if you use Bittrex to hold your Alt coins. They regularly retire wallets and you could lose access to your coins. Bitcoin Gold is going today. They shut RISE and Signal earlier in the year too.

    I though it would mean you just couldn't buy and sell but apparently you can't even withdraw them once it's gone.

    Yeah but I think they give a decent window to move the coins


  • Registered Users, Registered Users 2 Posts: 8,158 ✭✭✭Grumpypants


    Seems to be, even though they said 14 days I was able to take my RISE out so it looks like they might just say 14 days to get them off their platform.


  • Registered Users, Registered Users 2 Posts: 833 ✭✭✭Tango One


    Anyone looked into raven coin, it's up a crazy amount the last week or so.


  • Registered Users, Registered Users 2 Posts: 833 ✭✭✭Tango One


    BAT is to be listed on coinbase Pro up about 30%.


  • Closed Accounts Posts: 320 ✭✭VonZan


    Anyone here following SkyCoin? Certainly one of the more interesting projects.


  • Registered Users, Registered Users 2 Posts: 1,913 ✭✭✭Pintman Paddy Losty


    VonZan wrote: »
    Anyone here following SkyCoin? Certainly one of the more interesting projects.

    Whats interesting about it?


  • Closed Accounts Posts: 4,791 ✭✭✭JJJJNR


    VonZan wrote: »
    Anyone here following SkyCoin? Certainly one of the more interesting projects.

    I'm watching them, I stumbled across siacoin while researching skycoin and ended up with a decent bag of sc, looking to dip into skycoin if it drops a bit more.


  • Registered Users, Registered Users 2 Posts: 2,976 ✭✭✭crushproof


    Shame I have such a small holding in BAT, just checked in for the first time in a while and surprised to see the increase!


  • Registered Users, Registered Users 2 Posts: 833 ✭✭✭Tango One


    Bat is still on the rise.

    ADA or XLM may get the coinbase list pump in the not too distance future.


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  • Registered Users, Registered Users 2 Posts: 1,341 ✭✭✭snowstreams


    XLM looks likely to be the next coinbase addition.Im contemplating putting most of the my BTC into XLM until the announcement.
    Should happen before the new year Id say.


  • Registered Users, Registered Users 2 Posts: 1,040 ✭✭✭rapul


    Yeah hard to say really it's gonna be Stellar or Cardano though for sure I'd say ,I got lucky with the pump in Bat but harder to call this one


  • Registered Users, Registered Users 2 Posts: 18,702 ✭✭✭✭Dohnjoe


    Hard one to call. The market knows XLM is being added. Just not when, and the market could be quite diff in the week(s) before

    Anyway, XLM is a solid enough coin so not too much risk either way


  • Registered Users, Registered Users 2 Posts: 833 ✭✭✭Tango One


    Zcash is another possibility for coinbase, it seems to be pumping up at the moment


  • Registered Users, Registered Users 2 Posts: 131 ✭✭The Haven


    Tango One wrote: »
    Anyone looked into raven coin, it's up a crazy amount the last week or so.

    Any people with good information about this coin?

    Ravencoin.....


  • Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    Just in case anybody's missed this news and may be worried about their coins or any recent transactions, Vertcoin has been 51% attacked for the last few days. ~$100,000 double-spent.

    I can't work out why they were dragging their feet on an algo-switch, but this is the price they pay for letting the guard down. Can't imagine confidence will be too high within their community.


  • Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    The Haven wrote: »
    Any people with good information about this coin?

    Ravencoin.....

    Fairly distributed, no-premine, development being sponsored by the owner of Overstock.com and it aims to specialise in real world asset-ownership/transfer as well as being a currency.

    Current chains tend to have data written as messages which you'd have to keep a track of on your own centralised database or use some other service that tracks the token ownership for you, this aims to be all on-chain.


  • Registered Users, Registered Users 2 Posts: 131 ✭✭The Haven


    Cheers.

    I didn't get any, in my latest round of investments - yeah hodlin to the end.


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  • Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    https://ethereumworldnews.com/tenx-cofounder-linked-pyramid-scheme/

    Funny that any positive news would cause a dip and this crap is up 5%.

    ¯\_(ツ)_/¯


  • Registered Users, Registered Users 2 Posts: 7,055 ✭✭✭JohnnyFlash


    grindle wrote: »
    https://ethereumworldnews.com/tenx-cofounder-linked-pyramid-scheme/

    Funny that any positive news would cause a dip and this crap is up 5%.

    ¯\_(ツ)_/¯

    Even by crypto standard, that Julian Hosp lad is some cowboy.


  • Closed Accounts Posts: 1,115 ✭✭✭asteroids over berlin


    so is anybody else buying in this market, i have made some moves on more well known projects and a punt on 2 minnows which i view as great potential, taking a step back again to see how things pan out but thinking about making a substantial move in January, really more so in BTC and ETH then - should they keep dropping. Interesting times, it's not going to disappear (my opinion only).


  • Registered Users, Registered Users 2 Posts: 1,341 ✭✭✭snowstreams


    Im just cost averaging a small amount in each month. So if it ever comes back I will have a bigger holding to play with.
    Im just really looking at BTC, but I have bought a few Alts that dipped heavy, but then sold a part back to btc on their minor recoveries.


  • Registered Users, Registered Users 2 Posts: 18,702 ✭✭✭✭Dohnjoe


    so is anybody else buying in this market, i have made some moves on more well known projects and a punt on 2 minnows which i view as great potential, taking a step back again to see how things pan out but thinking about making a substantial move in January, really more so in BTC and ETH then - should they keep dropping. Interesting times, it's not going to disappear (my opinion only).

    Can we ask - which minnows and why?

    On a side note, Dec seems to be a "dead" month, but Jan/Feb seem to have some happenings, complete and utter speculation but I wouldn't be surprised to see a small rise at end of month or in those first 2 months. Don't know if the bear will immediately cull it though


  • Registered Users, Registered Users 2 Posts: 4,672 ✭✭✭makeorbrake


    Dohnjoe wrote: »
    On a side note, Dec seems to be a "dead" month, but Jan/Feb seem to have some happenings, complete and utter speculation but I wouldn't be surprised to see a small rise at end of month or in those first 2 months. Don't know if the bear will immediately cull it though
    December is definitely a dead month - we may still see further price depression. January sees Bakkt launch. February sees the SEC having to make a decision on VanEck.

    I don't expect there to be any major lift until June at the earliest regardless of how these things go. The institutional investment will not come in to play for a long time yet. It will be a slow process.


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  • Closed Accounts Posts: 1,115 ✭✭✭asteroids over berlin


    Dohnjoe wrote: »
    Can we ask - which minnows and why?

    On a side note, Dec seems to be a "dead" month, but Jan/Feb seem to have some happenings, complete and utter speculation but I wouldn't be surprised to see a small rise at end of month or in those first 2 months. Don't know if the bear will immediately cull it though

    not now, hopefully by the end of January. Both are down to 2c and 5 c range, trying to accumulate 250k and 100k in them


  • Registered Users, Registered Users 2 Posts: 222 ✭✭TallyRand


    Penny shares! Stay away asteroid


  • Registered Users, Registered Users 2 Posts: 2,251 ✭✭✭ZeroThreat


    TallyRand wrote: »
    Penny shares! Stay away asteroid

    exactly, I prefer to wait till tokens are worth multiple $ and then buy. :)


  • Registered Users, Registered Users 2 Posts: 18,702 ✭✭✭✭Dohnjoe


    From my view, crypto is impossible to valuate so personally I always look at max supply

    e.g. how much to hold one-millionth of max supply

    Again there are many factors, but it's one that can be vaguely quantified


  • Closed Accounts Posts: 1,115 ✭✭✭asteroids over berlin


    TallyRand wrote: »
    Penny shares! Stay away asteroid

    :D i am in this game quite a while, this is the 3rd major bear market i have encountered, this being the most dramatic - as i said, they are a punt, both have great potential, if it works out, happy days, if not, so be it:pac: i take a punt every now and then on a minnow, Ethlend being the last effort last year - dear oh dear, managed ot get out even on that though


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  • Closed Accounts Posts: 1,115 ✭✭✭asteroids over berlin


    Dohnjoe wrote: »
    From my view, crypto is impossible to valuate so personally I always look at max supply

    e.g. how much to hold one-millionth of max supply

    Again there are many factors, but it's one that can be vaguely quantified
    indeed, 1 billion is my absolute max limit, people are delusional if they think projects like xrp will get over $10 or even $5, maybe in a decade or so but no way in the near future


  • Closed Accounts Posts: 10 Missthekids


    Watching the poor invest in 'alt coins' has been a few years of an education. What is an 'alt coin?' That would be anything that is not bitcoin.

    You've all been investing in something that is not quite the same as the main player that ultimately failed. Oh dear. Oh, and to cap it off, they are replicated as soon as one becomes worthless. How many 'alt coins' are there now?

    Keep picking the winners lads, it's like betting in a race where the favourite has a broken leg but you cloned it and gave it a different name.

    Invest in the racetrack (blockchain) and ignore the masses gambling on the ponies hobbling around it.


  • Registered Users, Registered Users 2 Posts: 4,672 ✭✭✭makeorbrake


    The old blockchain good, crypto bad mantra ...as started by the banks.:rolleyes:


  • Registered Users, Registered Users 2 Posts: 1,913 ✭✭✭Pintman Paddy Losty


    The old blockchain good, crypto bad mantra ...as started by the banks.:rolleyes:

    It is a stupid mantra.

    Should be bitcoin bad and morally repugnant. Block chain almost entirely useless.


  • Closed Accounts Posts: 10 Missthekids


    The old blockchain good, crypto bad mantra ...as started by the banks.:rolleyes:

    The banks! It must have been the banks!

    Oh dear. This old chestnut is the last stand of every other bad investment. Property, the tech bubble, opium and even tulips.

    Greed is the scapegoat you seek.


  • Registered Users, Registered Users 2 Posts: 4,672 ✭✭✭makeorbrake


    There's no earthly need to look for a scapegoat.


  • Closed Accounts Posts: 10 Missthekids


    There's no earthly need to look for a scapegoat.


    In the abscence of profits one seeks reason.


  • Registered Users, Registered Users 2 Posts: 4,672 ✭✭✭makeorbrake


    I'm glad you came here and told us - we would be totally lost without your sage advice...


  • Registered Users, Registered Users 2 Posts: 222 ✭✭TallyRand


    I'm glad you came here and told us - we would be totally lost without your sage advice...

    Obviously you’re being smart here but I don’t see anything from that poster that is wrong or seem wide of the mark.

    You often say I’m not objective because I don’t praise blockchain (even though I have to as much as I believe in it) but if that makes me not objective then I would counter your experience of hitting the crypto winners and cashing out at the right time doesn’t put you in an objective place.

    Actually did you cash out of the coins because you wanted to realize a profit or because you no longer believed in the tech of the particular coins?


  • Registered Users, Registered Users 2 Posts: 4,672 ✭✭✭makeorbrake


    TallyRand wrote: »
    Obviously you’re being smart here but I don’t see anything from that poster that is wrong or seem wide of the mark.

    In the same way as I don't influence your opinion (and despite what you expressed, I'm not interested in doing so in any way, shape or form), I fail to see much tangible being offered by said poster. I'll leave it at that.
    TallyRand wrote: »
    You often say I’m not objective because I don’t praise blockchain (even though I have to as much as I believe in it)
    I didn't ask you to 'praise' blockchain or cryptocurrency. I believe I was explicit in what I stated but I'll have another go.
    I said that the fact that you had NOTHING and I mean nothing positive to say about cryptocurrency or blockchain technology was and is indicative of a total lack of objectivity. When that was focused on, your response seemed forced. You can take it any which way you want but I don't see anyone here that can't come up with some advantages of blockchain tech as objective.
    TallyRand wrote: »
    then I would counter your experience of hitting the crypto winners and cashing out at the right time doesn’t put you in an objective place.
    Ok, so you say it was a bubble and now I'm wrong to take profit? Are you saying I was wrong to cash out?? Really?
    TallyRand wrote: »
    Actually did you cash out of the coins because you wanted to realize a profit or because you no longer believed in the tech of the particular coins?
    You appreciate the notion of taking profit, right? I found myself ill-prepared for the surge that occurred this time last year. That placed the vast bulk of my 'worth' in crypto. Naturally, there's nothing balanced about that.
    I believe the tech has a future but there are many aspects to it. There's the tech itself - and the various projects. There's regulation and the role that the traditional financial services world and authorities play in all this. There's lots in the mix. So I won't be predicting anything but I am as strong a believer in the tech today as I was this time last year. In fact, those who have been watching it will see that 2018 was actually a good year. For the market, it was dreadful but for the development of the tech and nudging on regulatory aspects, it's been useful.

    Just to add, I've gone back in to the market in recent weeks in a significant way. Furthermore, naysayers that have strength in their convictions have the ability to make $ - and put $ where their digits are and short crypto if its going to zero. This whole year represented an amazing opportunity for people who held that belief. Your bags must be bulging at this point, right?


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  • Registered Users, Registered Users 2 Posts: 7,055 ✭✭✭JohnnyFlash


    Just to add, I've gone back in to the market in recent weeks in a significant way. Furthermore, naysayers that have strength in their convictions have the ability to make $ - and put $ where their digits are and short crypto if its going to zero. This whole year represented an amazing opportunity for people who held that belief. Your bags must be bulging at this point, right?


    Where would one short crypto in any meaningful way? On Bitmex? The whole thing is a shítshow of insider trading and manipulation. I managed to get a monkey on bitcoin being less than €10k on Paddypower. I'll make two rounds of drinks out of that.


  • Registered Users, Registered Users 2 Posts: 4,672 ✭✭✭makeorbrake


    I see...so it's being manipulated so thats going to get in the way of a belief that it will go to zero.

    Just so that nobody is under any illusions, market manipulation has been around for donkeys years before any of us had ever heard of crypto or bitcoin. It comes from the conventional financial services world. Crypto market is a drop in the ocean so it's vulnerable to market manipulation on the basis of its size alone. That's a fact of life until it gets more liquidity and it grows as a market. I'm not familiar with the gold market but from what I've been led to understand, its been the target of manipulation for the longest of times.


  • Registered Users, Registered Users 2 Posts: 7,055 ✭✭✭JohnnyFlash


    The conventional markets don’t have: fake fun money like Tether, wash trading, painting the tape, Bitmex offering 100x margins and operating their own insider arm to profit from this, exchanges getting ‘hacked’ etc.

    Where there is money and greed there will always be a certain amount of manipulation. The crypto bubble of 2017 was founded on it though. It was all fomo, hype, and hysteria. And now it has burst. That’s why they’ve dropped by over 90%, not a single mass market product has been shopped, and actual user adoption is less than it was 5 years ago.


  • Registered Users, Registered Users 2 Posts: 18,702 ✭✭✭✭Dohnjoe


    Where would one short crypto in any meaningful way? On Bitmex? The whole thing is a shítshow of insider trading and manipulation. I managed to get a monkey on bitcoin being less than €10k on Paddypower. I'll make two rounds of drinks out of that.

    Margin trading, futures, using call or put options

    It's quite accessible now


  • Registered Users, Registered Users 2 Posts: 177 ✭✭Daithi40


    Dohnjoe wrote: »
    From my view, crypto is impossible to valuate so personally I always look at max supply

    e.g. how much to hold one-millionth of max supply

    Again there are many factors, but it's one that can be vaguely quantified

    The Crypto Millionaire app should be useful to you so.... no seriously :)


  • Registered Users, Registered Users 2 Posts: 18,702 ✭✭✭✭Dohnjoe


    Daithi40 wrote: »
    The Crypto Millionaire app should be useful to you so.... no seriously :)

    haha someone made one, that's cool


  • Registered Users, Registered Users 2 Posts: 4,672 ✭✭✭makeorbrake


    Dohnjoe wrote: »
    Margin trading, futures, using call or put options

    It's quite accessible now

    Indeed but if he's just looking for an opportunity to soap box, I guess he won't find any of that information useful.


  • Closed Accounts Posts: 1,115 ✭✭✭asteroids over berlin


    Watching the poor invest in 'alt coins' has been a few years of an education. What is an 'alt coin?' That would be anything that is not bitcoin.

    You've all been investing in something that is not quite the same as the main player that ultimately failed. Oh dear. Oh, and to cap it off, they are replicated as soon as one becomes worthless. How many 'alt coins' are there now?

    Keep picking the winners lads, it's like betting in a race where the favourite has a broken leg but you cloned it and gave it a different name.

    Invest in the racetrack (blockchain) and ignore the masses gambling on the ponies hobbling around it.

    rubbish,obviously Bitcoin is the daddy and everybody should have as much as possible. However there are some great projects out there and many will take off and indeed many will die a death. It's early days!


  • Moderators, Society & Culture Moderators Posts: 15,868 Mod ✭✭✭✭smacl


    Indeed but if he's just looking for an opportunity to soap box, I guess he won't find any of that information useful.

    Agreed. I enjoy Mike Orcutt's articles which are both informative and critical as needs be. Problem I have with the would be critics on this forum is they're grossly under informed and tend roll out the same old lines from the soapbox that we've all heard a million times before. I'm of the opinion that both blockchain and cryptocurrency are here to stay but wouldn't be sure if any of the current projects will still be playing a major role in ten years time. If ETH can get over its technical hurdles, it is certainly a contender, and while many have written it off, I still think IOTA answers a lot of questions for all its shortcomings. Time will tell.


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  • Registered Users, Registered Users 2 Posts: 7,055 ✭✭✭JohnnyFlash


    Time will tell indeed, smacl. There may be some niche uses for blockchain, even though I'd be skeptical about that. Google Spanner, Cockroach, and a host of other upstarts are making shapes when it comes to distributed DB tech with time sync and non-repudiation technology. Blockchain is very '2010'. It's not great tech to be honest. It was 'trivial' at the time because it solved a computer science problem.

    It's all gone Peet Tong though. Proof of work is a morally repugnant answer, as it involves participants spending as much energy as they can to get involved in this idea that the more they spend the more they can be rewarded. And that's bad. Or is it? That's the crux of the issue.


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