Is anyone else starting to become a bit excited?

Jeff2

It's strange how some go red even when up.

https://finance.yahoo.com/quote/XRP-EUR/
But It happens with them all.

makeorbrake

cnocbui wrote: »

If you want to chance your arm, buy anything with a catchy name.

This is essential watching for anyone playing the altcoin casino game.:D

https://youtu.be/yZpIog7e-R4



(ps. you lot will be waking up to >$60k again :-) )

AmberGold

Bought a fair amount Rose today to diversify from ETH.

bfa1509

BrandonBay86 wrote: »

Happy Birthday thread, two years old. What a journey.

Hopefully another 2+ prosperous years for you all.

Let's hope it won't be the terrible twos!

Terrible for those who didn't invest, yes.

Jeff2

Jeff2 wrote: »

If XRP get back over 0.80 and XLM is back over 0.40 I'm happy.

sparrowcar

Ha brilliant...XRP thinks it's Bitcoin this evening :eek:

Drumpot

Do people trade in and out regularly in Bitcoin?

I generally invest long term but I’ve nearly doubled the money at this stage, can cash out and still have original amount invested.

antimatterx

What wallet is everyone using? I was looking at Trezor model one, but it doesn't support cordano or ripple.

I wouldn't be buying much of these, mainly Bitcoin and Ethereum. So maybe I'd get the cheaper wallet, and use a digital for alt coins until the value becomes high enough.

makeorbrake

Drumpot wrote: »

Do people trade in and out regularly in Bitcoin?

I generally invest long term but I’ve nearly doubled the money at this stage, can cash out and still have original amount invested.

Plenty trade in and out. Most don't know what they're doing with that. If I was to ask you right this moment - btc - trade in or trade out? - what would you base that decision on? Some use Technical Analysis - many believe in that, many think its witchcraft. Personally, I think only 1% really know what they're doing with it - to be able to make it work - and even then you're working on winning out on probability 51% of the time.
Fundamental analysis and on-chain data can be interesting. Here's a run down on various forms of FA from Yassine Elmandrja of Ark Invest. I've traded in and out (but just a handful of times) over the past few years. I've been quite chuffed with the results but I'll be the first to admit that's been as much luck as anything else. Furthermore, had I not traded in/out at all - and just hodl'ed, I'd be much better off. So you can benefit when looking at things on the shorter term but when zooming out, you may be worse off. That said, I simply wouldn't have had the risk appetite to hold that quantity over the duration so I don't give myself a hard time on that. Position size is very important - if its keeping you up at night, then your position size is wrong - which will lead to you making bad decisions.
Finally, whether you should cash out or take out the principal right now - that depends on you and your specific circumstances. One thing I try to do when putting $ at risk is try to imagine what life would be like if I never see that $ ever again.

Drumpot

makeorbrake wrote: »

Plenty trade in and out. Most don't know what they're doing with that. If I was to ask you right this moment - btc - trade in or trade out? - what would you base that decision on? Some use Technical Analysis - many believe in that, many think its witchcraft. Personally, I think only 1% really know what they're doing with it - to be able to make it work - and even then you're working on winning out on probability 51% of the time.
Fundamental analysis and on-chain data can be interesting. Here's a run down on various forms of FA from Yassine Elmandrja of Ark Invest. I've traded in and out (but just a handful of times) over the past few years. I've been quite chuffed with the results but I'll be the first to admit that's been as much luck as anything else. Furthermore, had I not traded in/out at all - and just hodl'ed, I'd be much better off. So you can benefit when looking at things on the shorter term but when zooming out, you may be worse off. That said, I simply wouldn't have had the risk appetite to hold that quantity over the duration so I don't give myself a hard time on that. Position size is very important - if its keeping you up at night, then your position size is wrong - which will lead to you making bad decisions.
Finally, whether you should cash out or take out the principal right now - that depends on you and your specific circumstances. One thing I try to do when putting $ at risk is try to imagine what life would be like if I never see that $ ever again.

Thanks the response , I decided to cash out a small portion of profits.

I’ve investments in multiple things, but my crypto investment is one out of interest (personal and professional) then anything. I put a couple of thousand aside and effectively labeled it “fun money” because one thing with investments is that you should understand the underlying risk. I see crypto as a potential Dutch Tulip phenomenon or even potentially comparable with the dot com bubble. Seems to be driven mostly by sentiment on steroids, might take off but could easily come crashing down. This pump and dump stuff is a case in point, it still seems to be in a wild Wild West phase where even a tweet from Elon Musk can take off a crypto.

I don’t have extensive knowledge of even some of that stuff you mentioned, but as I’ve learned over the years , regardless of investment you have to understand what your capacity for losses is on any investment. As I said I was prepared to lose every penny I put into crypto so haven’t been getting stressed watching it fluctuate. So why cash some in? It helps put some manners on me cause I think greed and promise of riches is always the danger of particularly these sort of investments. As you said , luck can play a huge role in investments , you can even just be completely lucky with timing but can convince yourself it was all part of your perfect plan!!!

I’ve actually cashed out just under a third of the total amount I originally invested in Crypto and still have nearly double the value of what I’ve put in at this stage. I want to be in the crypto bubble to make money if it takes off more but I’m ok reducing potential gains if I end up at worst covering the capital. I’m also gonna offset some losses on a stock that’s done poorly to balance off CGT.

Have to say, I’ve been surprised at how quickly you can make a nice profit. But again, what can grow that much , that quickly can come tumbling down quicker.

makeorbrake

@Drumpot: Glad to hear that you've brought it to a conclusion/point that works for you. On pump n dumps - yes, exists for sure. On the dot com, there are some similarities but not exactly the same. I see this whole innovative wave as a continuation of that. The internet never got its own native currency and otherwise, blockchain tech generally builds upon that previous tech.
On the phat gains and the ability for those to reverse just as quick, all day long. However, I would also add that there is still something tangible here. Just as people look at the dot com bust, we have to remember that the innovation that came out of it has changed the world for every one of us. On that basis, I'd say that everyone should have a couple of percent exposure. Even if most projects fail (which they inevitably will), category winners are going to be incredibly successful. So...whereas ordinarily there's no right to make these sort of gains, I see this as a once in a lifetime type of thing - so that for the coming of age of those category winners, there is a logic in making said gains. Have a look at the history of Amazon. It suffered the same sort of volatility (complete with 50% corrections). Year after year, investors thought they had missed the boat. Yet in the space of 12 years, Amazon increased 62x.
Anyways...sounds like you've come for the speculation and made a few quid...but oftentimes, when people come for the speculative punt, they stick around and see whats real and ground breaking at the heart of it (amongst all the crud, pump and dumps, shilling, etc. of course. ).

joeyboy11

makeorbrake wrote: »

@Drumpot: Glad to hear that you've brought it to a conclusion/point that works for you. On pump n dumps - yes, exists for sure. On the dot com, there are some similarities but not exactly the same. I see this whole innovative wave as a continuation of that. The internet never got its own native currency and otherwise, blockchain tech generally builds upon that previous tech.
On the phat gains and the ability for those to reverse just as quick, all day long. However, I would also add that there is still something tangible here. Just as people look at the dot com bust, we have to remember that the innovation that came out of it has changed the world for every one of us. On that basis, I'd say that everyone should have a couple of percent exposure. Even if most projects fail (which they inevitably will), category winners are going to be incredibly successful. So...whereas ordinarily there's no right to make these sort of gains, I see this as a once in a lifetime type of thing - so that for the coming of age of those category winners, there is a logic in making said gains. Have a look at the history of Amazon. It suffered the same sort of volatility (complete with 50% corrections). Year after year, investors thought they had missed the boat. Yet in the space of 12 years, Amazon increased 62x.
Anyways...sounds like you've come for the speculation and made a few quid...but oftentimes, when people come for the speculative punt, they stick around and see whats real and ground breaking at the heart of it (amongst all the crud, pump and dumps, shilling, etc. of course. ).

Well said, my thinking is similar. Could be some very lucrative gains if you pick the winners over the next 5-10 years. Put 10/20k down on some good solid projects then maybe it’s worth +1 mill

A question to you or any other posters here.

What would you consider the main categories and the likely coin(s) to come out on top in that category.

For example (my very limited knowledge guesses):
Streaming - Theta
Security - ??
Bank payments - Ripple/Stellar
Smart contracts - ETH
Store of value - BTC

makeorbrake

joeyboy11 wrote: »

What would you consider the main categories and the likely coin(s) to come out on top in that category.

This classification from Messari goes some way towards breaking that out. Bear in mind there are likely to be use cases that have not even emerged yet.

As regards picking winners, that's the great speculation. Nothings set in stone. It's a case of considering what a project 'achieves' or claims to be capable of in theory, what they actually deliver set against network effect. One project may be deemed to be superior but it may not matter if another has reached a certain point re. network effect...unless its 10x better.

You can probably pencil in btc and eth for store of value and smart contracts. That said, the eth upgrade still needs to be delivered and smart contracts is so vast in its application, I'd imagine it can't be the appropriate go-to blockchain in every single specific application within that category.

Beyond that, everything up for grabs.

Irish_rat

Updated list below

joeyboy11 wrote: »

A question to you or any other posters here.


CEX - BNB
DEX - UNI
Streaming - Theta
Privacy - Monero
Bank payments - Ripple/Stellar
Smart contracts - ETH, DOT, ADA
Oracle - Link
Store of value - BTC[
/quote]

BizWiz66

Did anyone had any problem transferring crypto out of Binance? I usually use crypto.com and coinbasepro, but neither had BTG and I wanted to turn some of my BTG into BTC, so I transferred them from my wallet to Binance yesterday, converted them into BTC, and now I have been trying to withdraw those BTC out of Binance for the past 24 hours, however I still get the following error message:

"This account has a portion of assets that are currently frozen. You may withdraw assets that are not frozen."

" Total Frozen Assets: ≈ 0.1483633114BTC 0.0973076414 Deposited funds are frozen until confirmed. As your deposit has not reached the required block confirmations, we have temporarily locked 0.09730764 BTC 0.05105567

Recharge amount is temporarily frozen A fork has occurred in the BTG blockchain networks. Your recharge totaling 26.2497BTG may have been rolled back. Therefore, the withdrawal amount equivalent to approximately 0.05105567 BTC has been temporarily frozen. Your cryptocurrency transactions are not affected during this period. We appreciate your patience while our staff attempt to resolve the issue as a matter of urgency. "



Any suggestion? I open I ticket for support a few hours ago via the chat, but never received a reply.

FFVII

dirk_dangler wrote: »

I'm very excited
Team that created UniSwap V1 working on ROSE
Yesterday ROSE had Clubhouse presentation with Q&A
In a nutshell DOT on steroids with privacy
DOT has parachains, ROSE has paratimes, basically the same thing different name
DOT 100 parachains, ROSE infinite paratimes
Trashed Secret Network and Polkadot
Think Brave paying BAT for using browser,
Rose will facilitate payment for use of your data, possible staking of your data for rewards,.
FB DIEM all but confirmed as partner
This is the ground floor, get in or be raging in years to come
https://www.stakingrewards.com/earn/oasis-network

link to partner with diem?

Irish_rat

Coinbase ipo this week, cant stand the exchange but I think there is alot of money to be made on it

dirk_dangler

Irish_rat wrote: »

Updated list below

joeyboy11 wrote: »

A question to you or any other posters here.


CEX - BNB
DEX - UNI
Streaming - Theta
Privacy - Monero
Bank payments - Ripple/Stellar
Smart contracts - ETH, DOT, ADA
Oracle - Link
Store of value - BTC[
/quote]

CEX - not needed if DEX gets cheap
DEX - ROSE look to be making one with team that worked on uniswap v1
Streaming - forget about it, youtube twitch
Privacy - ROSE
Bank payments - LINK, check out the history with SWIFT
Smart contracts - ETH, ROSE
Oracle - Link
Store of value - BTC
I'm telling you now ROSE is going to be huge, 2021 is shaping up to be the year privacy goes mainstream, blockchains greatest strength is its greatest weakness, all transactions are public, wallstreet waiting in the shadows to use block chain, they wont until transactions are private, enter ROSE.
I'm going big on ROSE, a play that will either get me mocked here or venerated in the years to come.

dirk_dangler

FFVII wrote: »

link to partner with diem?

On Rose website partnership with Fortune 500 social media company, there is only one
This week Clubhouse presentation with Q&A
DIEM talked about multiple times.
Whatsapp using ROSE for transactions?

Look around the web and you could find the audio, make up your own mind.
Rose have AMA april 14 , we could learn more then.

Spotted Hyena

BNB is blowing up. Felt it would last week but had no liquidity.

Rob2D

Spotted Hyena wrote: »

BNB is blowing up. Felt it would last week but had no liquidity.

Is it ever going to stop?!

I was going to buy it at €50 but didn't bother. Then it was 150 and then 250. I figured well that's that then. But now it's looking like it'll be 500 tomorrow!

Sickened :pac:

Irish_rat

Rob2D wrote: »

Is it ever going to stop?!

I was going to buy it at €50 but didn't bother. Then it was 150 and then 250. I figured well that's that then. But now it's looking like it'll be 500 tomorrow!

Sickened :pac:

Well it's going to go up more since BZ said more bnb will be burned this week

Rob2D

Irish_rat wrote: »

Well it's going to go up more since BZ said more bnb will be burned this week

Oh yeah? That explains it then. Might be time to cash out my positions and park it in BNB for a while. My whole portfolio just been moving sideways for a month.

Dohnjoe

BNB 500 yoyos, congrats to any who picked up some in the down years. The staking, launchpool and earn program pretty damn good too.

Bob24

Dohnjoe wrote: »

BNB 500 yoyos, congrats to any who picked up some in the down years. The staking, launchpool and earn program pretty damn good too.

Massive gains indeed. Genuine network effect but also a bit of FOMO I'd say. If someone bought when it was 20 it might be time to lock some gains.

Dohnjoe

Bob24 wrote: »

Massive gains indeed. Genuine network effect but also a bit of FOMO I'd say. If someone bought when it was 20 it might be time to lock some gains.

It was sub 30 for most of the last 3 years. 10 quid in March last year. Some of the coins on launchpool have done pretty damn well too (e.g. XVS). Every time it pops up 50 quid I flog a bit more. Decent coin, but like most, crazy overpriced.

BizWiz66

Has Binance become a scam? The froze my assets for no reason (I am unable to withdraw, but still able to trade) and there are a lot of threads on Reddit about people getting their account and funds frozen for no reason. Support is not replying to anyone apparently. Anyone here has a bad experience with them lately?

Dohnjoe

BizWiz66 wrote: »

Has Binance become a scam? The froze my assets for no reason (I am unable to withdraw, but still able to trade) and there are a lot of threads on Reddit about people getting their account and funds frozen for no reason. Support is not replying to anyone apparently. Anyone here has a bad experience with them lately?

A lot of returning Americans didn't read up on the Binance.US stuff and migrate properly, so that's generated a lot of issues. Also Binance can freeze accounts for suspicious activity, with 50 million users (or more) there will be a lot of cases of that.

Open a ticket with them, but good luck, I'd say they are swamped.

BizWiz66

Dohnjoe wrote: »

A lot of returning Americans didn't read up on the Binance.US stuff and migrate properly, so that's generated a lot of issues. Also Binance can freeze accounts for suspicious activity, with 50 million users (or more) there will be a lot of cases of that.

Open a ticket with them, but good luck, I'd say they are swamped.

Thanks! I hadn't used them in ages but I had to sell some BTG and had no choice as the other exchanges I usually use do not have that crypto. I hope I will be able to get my money back

Jeff2

XRP going up while others going down.