Cryptocurrency

Pivot Eoin wrote: »

You dont really get it do you? Do you understand Crypto-Currency?

I do. It's an invented currency driven to hyperinflation by demand with zero intrinsic value.

Do you understand economics?

Mr. Incognito wrote: »

These fads come along every generation. Always ends up the same way.

Pretty profitable fad, 7 years ago Bitcoin was worth $0.05, now it's around $2,300.00. That represents one of the best returns possible on any fin. instrument in that time scale.

Just about every major financial/banking institution is researching/developing the ledger and blockchain tech behind - and modern crypto-currencies are at the cutting edge of differing aspects of that tech and adapting to their needs (e.g. Ethereum, Ripple)

That's worth something, and the potential they have appears to be worth a lot to the speculative market that has built up around them

The bubble has already happened - this is the second bubble, creating a market pattern, and this one is far, far larger. When this pops, everyone will be waiting for the third

These coins aren't companies that go bust. They aren't affected by economic downfall (if anything they are boosted by it). If they do disappear, meh.. 100% return on a basket of coins in a week? 3,000% on a single coin in a month?

Fad or not, that can't be ignored, it creates it's own demand

I've got a tip that humaniq could be a good shout, great technology behind it no products out there on the market like it, also mysterium is having an ico next week, with the underlying technology being a block chain based vpn.

Other than that I'm balls deep in ripple and stellar, could swing either way, I'm thinking once ripple gains more commercial traction and limits supply the price will rise.

I see bitcoin adjusting a bit after it's record week this week so it's probably a good time to buy undervalued altcoins, with good underlying technology.

I use poloniex and bittrex to trade and have initially funded my account through coinbase I wouldn't recommend it for larger transactions.

Dohnjoe wrote: »

Yeah my friend bought into the Humaniq ICO - but not so sure about it, banking for poor people? requires the latest fingerprint scan tech in smart phones and a digital currency - hmmm - but hey this is about speculative profits

Would be possibly interested in the Kik (chat app) ICO this summer, one of the first large companies to try an ICO - could be decent investment

Am curious to see what happens with the current dip in the market

Its the underlying technology that's driving humaniq, imagine having a bank account that you could only withdraw from with your face or eye, there's huge potential on that.

Sure third world countries are a use case, but it would be something similar to Facebook introducing those WiFi blimps across the third world, you could make a case that they would also want to introduce these in developed countries also as a means of controlling infrastructure.

Didn't know the kick ico is coming up will keep tabs

TheJackAttack wrote: »

I exchanged my stellar for ether - Neon Light, do you have any insight into the progression of this coin?

Which stellar or ether? And etherium or etherium classic?

Interesting to see what coins fell sharply

Stratis and Factom held very well. Golem not too bad either.

Ripple, Nem and Lumens seemed to take steeper dives, but Ripple was definitely very overpriced

The Oort Cloud wrote: »

Don't sell any Lumens until you see the first of july. Stellar are giving a few billion free on June 27th 2017 for bitcoin holders.

They are distributing up to 16 BILLION lumens to bitcoin holders or 16% of the initial lumens. On June 27th, 2017, we will make available these lumens to any bitcoin holder who wants them, including those that received lumens during the first giveaway round.

Info Link https://www.stellar.org/blog/bitcoin-claim-lumens-2/

Interesting will that not saturate the supply though and cause it to drop initially? Will definitely pick up some

Ripple thinking of a SegWit style of limitation which will be announced in June apparently.

Hey

Im just wondering where is the best place to buy crypto and where is the cheapest place. I have setup a Coinbase account but their charging over €9 for €250 worth of Ethereum. Just thought that it was a but much., Anyone know of somewhere less expensive?

IK09

Mr. Incognito wrote: »

It's a textbook.bubble.

People who get in early will make money..

People who don't get out in time will get burnt.

These fads come along every generation. Always ends up the same way.

Agree, except I think they are coming more often than each generation.

The 'net is accelerating the process

Quick turnovers are probably going to be rare now, unless you have a lot of money to throw into an ICO. ICO's are more about the hype than the product right now, but that will also not last too long. Regulation will eventually be brought in and the hype will wear off.

But there are still gains to be made with smart investments. Some good products out there where you can invest coins, just need to do your research.

You can still play the market and watch for trends. You can watch out for patterns in TA charts and try to make a bit of profit especially with btc and eth. Looking at the charts now, the patterns are showing we should get a spike over the weekend. So buying now could net some profit by the end of the weekend. But there is no science behind this and you could also lose out.

crowseye wrote: »

Agreed jester the real gains are in products with smaller market caps and good teams behind them, you just need to do your research. There's still a lot of money to be made there. ICOs still have potential for huge gains but nowhere near as much as they did before as demand has gotten so high. Again you need to do your research and not invest blindly into any ICO you can jump into which is what is happening now!

ICO's are currently flawed imo, the vultures are throwing their money at it and due to them not being capped, it is making it nearly impossible for the small guy to even get in. BAT was just ridiculous, $36 million in under 30 seconds with no chance for the little guy to get in.

crowseye wrote: »

Completely agree jester I think everyone realized what a ****show the BAT ICO was, I tried to invest a small amount myself and most of the reputable ICOs are now introducing caps to let the little person in. I've learnt to avoid certain ICOs from experience. Something like Bancor which people are going crazy for doesn't appeal to me at all, Tezos is another one where the funds raised will be so large that the risk/reward of the investment isn't worth it. There are still a few diamonds in the rough though if you know where to look.

I am staying clear of the ICOs, too much hassle and with a small group of investors taking a majority stake, then they have too much control over where the price goes imo.

Santiment is one that looks promising, but I'll watch from the sidelines.

nate.drake wrote: »

Someone told me the same thing when I paid $1200 dollars per Bitcoin back in April, it's now more than doubled. While it may not triple again overnight, it's not inconceivable, certainly if we can get more countries adopting it.

Tripling overnight at this stage is absolutely inconceivable.

el diablo wrote: »

Tripling overnight at this stage is absolutely inconceivable.

Tripling overnight no but many cryptos are doing 100-150% in 24 hours. Important question is which one is next