Is anyone else starting to become a bit worried? mod note in first post

lifeandtimes

Green oh beautiful green

Kenny Logins

lifeandtimes wrote: »

Green oh beautiful green

https://coincheckup.com/ Looks positive, but anything can happen...

Dohnjoe

lifeandtimes wrote: »

Green oh beautiful green

The market hasn't changed much, it was higher a few days ago. CMC works in cycles and it's almost a week since the lowest point

Chancer3001

Where can I find the overall market cap?

A chart of how much entire money is invested across the crypto space ?

Kenny Logins

Chancer3001 wrote: »

Where can I find the overall market cap?

A chart of how much entire money is invested across the crypto space ?

Two different things. The market cap is total coins in circulation multiplied by the current price, not how much is actually invested (who knows?)

https://coincheckup.com/ - Global mkt. $ 428.1183 Bn

crytoadvice

Kenny Logins wrote: »

Two different things. The market cap is total coins in circulation multiplied by the current price, not how much is actually invested (who knows?)

https://coincheckup.com/ - Global mkt. $ 428.1183 Bn

Interesting that almost all coins in the table have the exact same 7 day pattern as bitcoin.

Regarding the Circulation Supply, do you know if the alt coin supplies are fixed like bitcoin or can they all be changed at anytime

Kenny Logins

crytoadvice wrote: »

Interesting that almost all coins in the table have the exact same 7 day pattern as bitcoin.

Regarding the Circulation Supply, do you know if the coin supplies are fixed or can they all be changed at anytime

I would think many are fixed, with supply increasing at a pre-determined rate. There are over 1,500 though..

grindle

crytoadvice wrote: »

Interesting that almost all coins in the table have the exact same 7 day pattern as bitcoin.

The charts shown are in relation to USD value but on exchanges they're being traded in relation to BTC/Satoshi benchmarks.
This is a large part of why so much of the space is hilariously overvalued

EagererBeaver

lifeandtimes wrote: »

That's fair enough but you know cryotos have been around for a decade,if this was a scam then it would have been exposed long ago

Whatever your attitude to crypto, this kind of thinking is dangerous. How long did Bernie Madoff get away with things???

A healthy dose of skepticism is always useful when investing in any security.

JohnnyFlash

Extremely low amount of transactions taking place again today. Lowest in two years: https://bitinfocharts.com/comparison/transactions-btc-sma3.html

What do the investors and day traders around here think of this? Is it good because it means people are hodling? Only 1.27 transactions per second? You'd get more in a busy Tesco in a run up to Christmas. Or is it bad because something fishy is going on? Or is it sommat else entirely? A new paradigm???

GreeBo

grindle wrote: »

Nicely played.
I think the term used was "blockchain" which adds significant layers of complexity to the distributed ledger concept (testing out my new word!) which are still being tested/learned about.
I'd say blockchain as a concept is not simple seeing as it's still a beta being road-tested on the daily.

You are still taking about implementation!

The concept comes before the road testing, then mass implementation. No doubt there are and still will be speed bumps along the way, but the concept of blockchain is still simple and can be explained in a single slide.

Concept: transactions are bundled into blocks and stored in a distributed chain where each link relayed to the previous one to prevent false links.
That's it. Sure there are loads of nuances and intricacies once you get into it, but that's after the concept phase.

Meanwhile, nice to see green 7 day trends again.

lifeandtimes

JohnnyFlash wrote: »

Extremely low amount of transactions taking place again today. Lowest in two years: https://bitinfocharts.com/comparison/transactions-btc-sma3.html

What do the investors and day traders around here think of this? Is it good because it means people are hodling? Only 1.27 transactions per second? You'd get more in a busy Tesco in a run up to Christmas. Or is it bad because something fishy is going on? Or is it sommat else entirely? A new paradigm???

Something is happening

Maybe people have more faith in cryptocurrency

But it's a whole market rise, could we be seeing round 2 of what happened at the end of the last year or will people freak out after a while and think the crash will happen again and sell?

All I know is if everyone holds, nothing changes

crytoadvice

grindle wrote: »

The charts shown are in relation to USD value but on exchanges they're being traded in relation to BTC/Satoshi benchmarks.
This is a large part of why so much of the space is hilariously overvalued

How do you spot the overvalued coins

grindle

crytoadvice wrote: »

How do you spot the overvalued coins

Check what each of the cryptos in the top 100 actually does, what market they're trying to disrupt and decide if you think that's a fair valuation based on either the current utility (it won't be) or projected near-term utility (it probably won't be).

What kind of timescale are these projects giving on their roadmaps? How likely is it that they can reach a solid productivity benchmark that you'd be pleased with the result of?

There's a lot of searching/reading involved in finding projects currently being worked on which are already out of ICO but are being developed, launching a good product soon and are undervalued.
My favourites avoid wasting money on marketing until release because this causes a LOT of FUD from early investors who wanted a quick moon 6 months before any product gets released. Much FUD + heavy bags = cheaper than ICO prices for a few coins which are having product launches fairly soon.

JohnnyFlash

Something very odd going on with Bitcoin at the moment. The activity is the lowest it has been in 2 years, yet there's a massive amount of sell orders queuing up.

https://imgur.com/a/7sj5a

Yet the price is up today. What am I missing here? As I said, I'm new to all this, but would like to understand the fundamentals that are causing such a weird thing to happen. Surely supply is outstripping demand, but yet the price is rising? Surely wash orders can't account for all the buy side?

GreeBo

Don't be confused guys, coin value isn't company value. You are not buying shares in Etherium when you buy ETH, any more than buying share in coca cola when you buy a can.

The coin value could soar and the company be worthless...likewise the coin could sink and yet the company be a huge success.

Coins =/= Shares

JohnnyFlash

GreeBo wrote: »

Don't be confused guys, coin value isn't company value. You are not buying shares in Etherium when you buy ETH, any more than buying share in coca cola when you buy a can.

The coin value could soar and the company be worthless...likewise the coin could sink and yet the company be a huge success.

Coins =/= Shares

Or the coin they launched may never be used, while the core tech could. Like Ripple - banks seem to like the tech, but no need to ever touch XRP.

grindle

JohnnyFlash wrote: »

Something very odd going on with Bitcoin at the moment. The activity is the lowest it has been in 2 years, yet there's a massive amount of sell orders queuing up.

https://imgur.com/a/7sj5a

Yet the price is up today. What am I missing here? As I said, I'm new to all this, but would like to understand the fundamentals that are causing such a weird thing to happen. Surely supply is outstripping demand, but yet the price is rising? Surely wash orders can't account for all the buy side?

:pac:

...and most of the sell side - those aren't genuine sell walls, they'll be dropped and moved if there's a surge of demand.
It's a method used to maintain a price at a certain point or push it down by whales who already have a lot but want more.
They have money and patience on their side, they just have to wait for the non-bot impatient humans to get fatigued and they'll gobble up those cheaper sells.

@GreeBo - I'm hoping people get this point although if a token is being used a lot it's value will naturally rise. The market is nowhere that mature yet, speculation and BTC price-pegging to blame for 90% of these coin's values.

Speculator

pro_gnostic_8 wrote: »

At the start of this January the total market cap of crypto was $830 Billion. Right now it stands at $520 Billion ......... a drop of over $300 Billion. That kind of money buys a lot of toiletries and train tickets!

In fairness the Chinese New Year has a major impact on markets.

Take a minute to read this:

https://www.ig.com/au/trading-opportunities/2018/01/29/how-does-chinese-new-year-affect-markets--41848

lifeandtimes

Few people saying 2018 is the year of crypto and we are on a bull run now, prediticng BTC to break 25k in Q3 and 40K in Q4.

I'll be honest I've been seeing a lot of positive press lately,
Arizona in the states accepting bitcoin to pay taxs https://www.investopedia.com/news/arizone-votes-accept-tax-payments-bitcoin/
Microsoft looking to use Litecoin platform as a foundation for its decentralized identity system along with Bitcoin and Ethereum https://www.fxstreet.com/news/litecoin-price-jumped-13-in-a-matter-of-hours-20000-within-reach-201802140332
Samsung realeasing mining chips https://www.google.ie/amp/s/www.theverge.com/platform/amp/2018/1/31/16954366/bitcoin-cryptocurrency-mining-asic-chips-samsung

All super positive stuff for the advancement in cryptos

makeorbrake

lifeandtimes wrote: »

I'll be honest I've been seeing a lot of positive press lately,

That verifies crypto sticking around but the price speculation is separate.

Bob24

Also as for all new trendy techs:



Personally I am not sure we have yet reached the peak. But in any case we’ll have to go through a period of disappointment and then we’ll see what actual use cases make sense in the long run.

JohnnyFlash

Looks like those bucks over in Tether created another 60 million of their coins. All backed with real money of course. Good day for the prices.

lordlame

lifeandtimes wrote: »

Few people saying 2018 is the year of crypto and we are on a bull run now, prediticng BTC to break 25k in Q3 and 40K in Q4.

I'll be honest I've been seeing a lot of positive press lately,
Arizona in the states accepting bitcoin to pay taxs https://www.investopedia.com/news/arizone-votes-accept-tax-payments-bitcoin/
Microsoft looking to use Litecoin platform as a foundation for its decentralized identity system along with Bitcoin and Ethereum https://www.fxstreet.com/news/litecoin-price-jumped-13-in-a-matter-of-hours-20000-within-reach-201802140332
Samsung realeasing mining chips https://www.google.ie/amp/s/www.theverge.com/platform/amp/2018/1/31/16954366/bitcoin-cryptocurrency-mining-asic-chips-samsung

All super positive stuff for the advancement in cryptos

Very positive stuff - what about the tether issue?

lifeandtimes

lordlame wrote: »

what about the tether issue?

Can't find anything online other than a lot of "what if" stories but as we speak its holding at $1.0030 so nothing has changed as of yet

MIN2511

makeorbrake wrote: »

Panorama does Bitcoin

Looks like it's not going to be too complementary

I thought it was actually balanced, I was expecting a lot of negatives surrounding cryptocurrency.


Pity about the lady who lost £36k, everyone should DYOR before investing life savings in anything.

makeorbrake

lifeandtimes wrote: »

but as we speak its holding at $1.0030 so nothing has changed as of yet

Who the hell is buying it right now? They'd want sanity checking...

makeorbrake

MIN2511 wrote: »

I thought it was actually balanced, I was expecting a lot of negatives surrounding cryptocurrency.

In the end, it was reasonable enough. A couple of things that I picked up on.
- They referred to FIAT as 'real' money when in many countries, bitcoin is classed as a currency now.
- The woman that lost her life savings - did so as a result of being taken in by a ponzi scheme masquerading as a Crypto. In fact it's believed that some of the same people behind Bitconnect were responsible for Onecoin. An actual crypto you don't have people holding seminars trying to pimp it. You go out and buy it directly if you want to buy it. It's unfair to tar all crypto with the same brush here. The people behind the likes of Onecoin are just cashing in on the hype about Bitcoin and the ignorance and greed of people who don't know any better.
- The fool in San Francisco they interviewed didn't add anything to the programme. They could have spent the time interviewing a crypto tech entrepreneur and have him discuss some of the technical innovations of crypto.

lifeandtimes

makeorbrake wrote: »

Who the hell is buying it right now? They'd want sanity checking...

Probably the same people buying president trump coin and Jesus coin.

In their....sorry their defense will be the rumours haven't been proven yet!

makeorbrake

lifeandtimes wrote: »

Probably the same people buying president trump coin and Jesus coin.

In their....sorry their defence will be the rumours haven't been proven yet!

Christ on a bike. Stupidity tax then, so. Of course there's a chance that it could all be fine but you wouldn't go there given that there's a lot of stuff that adds up the wrong way.

I had a use case for it myself many months ago. This was before the latest alleged fraudulent activity. However, once I figured out that in the small print, they say something along the lines of we do not guarantee that 1 USDT will always equal 1 USD. That was it for me - no further interest at that point.