Nice, so you have a pretty nice portfolio there. You are still holding on to ETC from last week?
If Eth dips down again, I'll get some more. I kind of sold off most of what I had to put into NEO, I did make some decent profit off of Eth.
The first NEO ICO has been announced.
https://twitter.com/NEOnewstoday/status/894969491863601152
I like investing in the underlings
![Big grin :D :D](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Excluding EOS, which coincidentally right now is exactly at what I bought it, all are up for the day. I usually sell @10% increase, but the market is really good, so I'm holding all of them for now, only partially selling @ 10% increase; excluding ZEC, which I already sold @ $255. If ZEC clears $260, it might go up all the way to $400, so I have a buy order for it if it hits @ $261
Wasn't NEO always being traded? Am I kinda confused? Really nice increase in NEO, I remember you saying it was at a good price when it was $6 or so
I entered when ETH was around $100, but started looking at it as an investment around $10, and first started hearing of Ethereum-based projects in the fall of 2015. I made the decision to buy some early in this year, but didn't force myself to persevere through the irritation of registering with and being verified by exchanges until the price already took off much later. I think everyone in this thread now is still way ahead of the game. There is big potential for significant returns in this space once mainstream crypto-based systems start appearing. We're at least a year away from that. I maintain that there will only be 1 or 2 public chain cryptos that gain sufficient developer adoption to deserve their returns. Everything right now points to Ethereum being one of those. I suspect we haven't seen the second one yet, as it may very well come from some big mainstream players and not a blockchain startup, and may not even have publicly tradeable crypto assets. It's possible that the second one will be a public chain version of IBM's Hyperledger.
The road to $3000 will be rocky, but I think getting there by around 2020 is realistic provided developer support continues to grow as it has been. There isn't another public crypto out there right now that I can justify holding long term like that. That said, there should be lots of opportunities to trade and grow ETH holdings between now and then. I'm fine with it never reaching those heights either. It's just the target I presently have in mind.
Thanks for the detailes response Brandson. I might hold some assets eventually, but I'll be out once I have hit $50k. I'd like to start my PhD and need some cash to go on a trip and have a less miserable life as a student haha
Talking about registration, it reminded me of what I had been wanting to ask for some time. I had created an account at Kraken which I never had used, and then about a month ago, almost at the time that BTC had hit a low, I received a couple of emails from them saying that my acco aunts had been verified, once to tier 1 and then to tier 2, meaning that I could wire money and stuff too... it's weird, right? Cause I never uploaded my ID or anything to their website
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Edit: Some statistics that might be interesting to some:
- The average hourly increase in price of ether since it started trading on bitfinex @ around $10, till yesterday, is 0.034% (yeah, it is pretty small, but because the increase compounds, it ends up to make sense. There has been nearly 12,000 hours since Ether has been tradable on bitfinex, so the current price should be about 10 x 1.00034^12000, which adds up to $590, which is of the same magnitude as that of the current price)
- The distribution of the hourly price changes is almost normal around the average (0.034%) and its standard deviation is 1.25%, meaning that 95% of the hourly price changes of Ethereum lie in the range of [-2.5% + 0.034%, 0.034% + 2.5%], or, looked at differently, only about 5% of the hourly changes are more than 2.5% or less than -2.5%.
- if you had been margin trading in the past 10 days, the chances of hitting 10% in 8 hours in 4 tries would have been much higher than hitting 2.5% in all of those 4 days. Essentially, the price increases usually happen in large chunks: there is a jump, the price settles and consolidates, it jumps again [or dives], then consolidates.
I got the raw from data from bfxdata in csv form and then used excel to process it
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My general understanding of the market right now is that unless BTC and Ether are hit with a major correction, there will be a major increase in the whole crypto cap and prices will go up all across the board. There is too much momentum in too many coins. XRP going up 50% can move the whole market by itself, now there are quite a few others with already large markets Dash, IOTA, ZEC, BCH, to name a few