Cryptocurrency |OT| Nothing from Money

May 20, 2014
506
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What's up with the pumps with these sort of coins? It was VTC earlier this month, now it's GRS, and FTC looks like it's booming as well.
 

Slayer-33

Liverpool-2
Aug 18, 2006
21,401
30
1,205
NYC
Kinda scary to think that this will happen tomorrow again with GRS... or will it?

Don't even know if I want to jump in again.

Edit @ 3:05am est $1.27 GRS...

10k profit gone! Lol! Jeeeeeez maaaan

1,139% up for the week...
 

DonMigs85

Member
Sep 3, 2009
26,769
2
850
34
Philippines
Kinda scary to think that this will happen tomorrow again with GRS... or will it?

Don't even know if I want to jump in again.

Edit @ 3:05am est $1.27 GRS...

10k profit gone! Lol! Jeeeeeez maaaan
Dayummm
Oh well, hindsight is 20/20 *sob*
Maybe someone should alert us here once another coin starts getting shilled hard on reddit.
 

Brohan

Member
Oct 26, 2013
1,940
0
0
I feel like all the money is flowing into BTC and Asic resistant coins like VTC and GRS. My alts are bleeding bad. I'm officially in the red now.

ARK is being way oversold in my opinion..
 

Brohan

Member
Oct 26, 2013
1,940
0
0
Dipped back, but things are looking good for after the fork imo. Lots of progress from the team as far I as i can tell.
Dipped back immediately but doubt the news is well known yet. And hopefully it will mean good things after the fork and Asic craze is over.
 

tkscz

Member
Oct 17, 2011
8,918
757
635
Still worth it if your electricity costs are relatively good in your location.
During the Winter, even if I left my AC running and a vacuum on all day, it never really rises above $30 monthly. Stays that way through spring until summer.
 
Dec 30, 2014
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Kinda' suspicious of GRS/FTC, but I'm tied up with Verge at the moment, they're finally releasing Wraith in 5-6 days. Should be a good pump
I would be careful with XVG. You have billions of tokens with some guys waiting to unload millions of them just to break even. It might pump a little but be prepared to sell before the update. I would honestly be shocked if it pumped after that.
 

Slayer-33

Liverpool-2
Aug 18, 2006
21,401
30
1,205
NYC
Of course it takes a DIP when I re-buy into it JFC!!!!!! ALL THE TIME

Woooooowww!!!!!

-Edit- seems like it is recovering.. Should get back on the rocket later in the late evening/overnight..
 

gaming_noob

Member
Jan 25, 2010
5,157
4
685
Toronto
Dipped back, but things are looking good for after the fork imo. Lots of progress from the team as far I as i can tell.
Yeah dropping even more now. I wonder if it'll be under 1$ right up to the fork. Doesn't matter. I just feel like my investment is in good hands with ARK. Such a hard working team.
 
Dec 30, 2014
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May I ask why?

I personally don't think the tech is any good, but why would it dip right after the update?
It's what usually happens in the crypto markets. The so called "buy the rumor, sell the news".

I could be wrong of course but every time I went against this, I lost money.
 

Donos

Member
Dec 7, 2008
8,627
0
0
May I ask why?

I personally don't think the tech is any good, but why would it dip right after the update?
The updates themself are often more on the tech side and are not something to drive the price but the road to that update often fuels the fantasy of investors. Some few updates are also actually the start for a bull run after they get released so FOMO is involved before the release of these updates.
 

vehn

Member
Jul 30, 2008
2,594
0
0
Why people are still in alt coins like omg/ark.... when they are just going to decrease even further before the btc fork in two weeks.... is beyond me. Go into btc then go back into the alts after the fork!
 

Domino Theory

Crystal Dynamics
Aug 7, 2007
11,493
0
0
Washington
Why people are still in alt coins like omg/ark.... when they are just going to decrease even further before the btc fork in two weeks.... is beyond me. Go into btc then go back into the alts after the fork!
Because if you don't care for the fork then alt coins are at a steep discount right now.

For perspective, r/cryptocurrency has a post about alt coins before and after Bitcoin Cash's fork earlier in the year:

OmiseGo
July 31st: $1.24
August 5th: $3.27
August 10th: $6.00
August 11th: $7.50

QTUM
July 24th: $6.64
July 31st: $6.27
August 4th: $8.50
August 6th: $10.70
August 10th: $16.80

NEO (yes, this run coincides with the re-brand)
July 21st: $7.15
July 31st: $7.30
August 3rd: $9.00
August 7th: $18.28
August 10th: $31.00
August 13th: $52.23

Waves
July 20th: $2.61
July 31st: $2.79
August 3rd: $3.81
August 7th: $5.60

Stratis
July 31st: $5.00
August 8th: $8.29

Ethereum
July 20th: $222
July 29th: $183
August 2nd: $225
August 9th: $317

TenX
July 20th: $0.69
July 31st: $0.86
August 5th: $1.69
August 6th: $2.50
August 12th: $5.60

https://www.reddit.com/r/CryptoCurrency/comments/7a54m4/for_everyone_who_is_losing_hope_dont_forget_what/
 
Dec 30, 2014
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I'm making a killing today longing BTC on bitmex. God damn, I wish we had a fork every month now.

Can't wait for the alts to reach ATL and buy them on the cheap with all these profits.
 

DarkLegion

Member
Aug 12, 2011
2,174
0
0
I think a friend of mine just potentially hit the moon with Electroneum(ETN), but unfortunately he can't sell yet since he can't get his coins to an exchange :/
 
Dec 30, 2014
423
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Im jealous. Wish i sold my alts early. Stupid me. Too late now. Hold time.
I'm learning a lot since I began in the summer. I held all my alts during the previous forks for no reason other than being lazy.

Not committing the same mistake now and it's paying off handsomely. I didn't sell all my alts though. Just enough to have some liquidity and make some gains on the side.
 

CaptainZombie

Member
Oct 3, 2010
1,167
0
575
Because if you don't care for the fork then alt coins are at a steep discount right now.

For perspective, r/cryptocurrency has a post about alt coins before and after Bitcoin Cash's fork earlier in the year:

OmiseGo
July 31st: $1.24
August 5th: $3.27
August 10th: $6.00
August 11th: $7.50

QTUM
July 24th: $6.64
July 31st: $6.27
August 4th: $8.50
August 6th: $10.70
August 10th: $16.80

NEO (yes, this run coincides with the re-brand)
July 21st: $7.15
July 31st: $7.30
August 3rd: $9.00
August 7th: $18.28
August 10th: $31.00
August 13th: $52.23

Waves
July 20th: $2.61
July 31st: $2.79
August 3rd: $3.81
August 7th: $5.60

Stratis
July 31st: $5.00
August 8th: $8.29

Ethereum
July 20th: $222
July 29th: $183
August 2nd: $225
August 9th: $317

TenX
July 20th: $0.69
July 31st: $0.86
August 5th: $1.69
August 6th: $2.50
August 12th: $5.60

https://www.reddit.com/r/CryptoCurrency/comments/7a54m4/for_everyone_who_is_losing_hope_dont_forget_what/
OMG has taken quite the beating the last 2 days. I just watched a whale or several take the price to $5.40 and then back up to $6.70 in a matter of a few minutes. I'm still waiting to get back to that $5.50 mark which it will to get some more.
 

Bonfires Down

Member
Jul 31, 2007
849
51
845
I don't care for the fork but that doesn't mean I'm going to hold alts now. Is it possible that some of them will go up before the fork? Sure, but looking at previous forks, it's not worth the risk. I will buy back into alts right before the fork happens instead. I'm pretty much just holding BTC and BCH now.
 
Dec 30, 2014
423
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What a ride. This has been the most successful trading night of my life. I duplicated my stack of BTC in roughly 6h but those were nerve wrecking hours for sure. Not for the faint of heart.

I was margin trading with 100x leverage sometimes and came close by about $3 to getting completely liquidated. I was sweating bullets but I didn't panic or get greedy and took profits in batches of 10%. I never deviated from my plan and it payed off. More than earning money, this night was a very successful educational experiment.

I'm still high from excitement and not sleepy at all. The urge to continue trading is considerable but I'm quitting for today.
 

Brohan

Member
Oct 26, 2013
1,940
0
0
Damn that's awesome. Grats on making those succesful trades.

In the meantime here i am watching my investment slowly bleed to death.
 

Brohan

Member
Oct 26, 2013
1,940
0
0
Thanks Bro(han).

I was getting tired of watching my alts take a beating. I decided to ride the BTC train.
That's what i should have done a weeks ago. Really don't understand why i have been so indecisive. Now i feel stuck, like I really Can't sell my alts at such low prices while BTC is already this damn high.

I feel like I really do need to ride it out now. Just hope my alts arent completely worthless by the time the fork is over.
 

vehn

Member
Jul 30, 2008
2,594
0
0
That's what i should have done a weeks ago. Really don't understand why i have been so indecisive. Now i feel stuck, like I really Can't sell my alts at such low prices while BTC is already this damn high.

I feel like I really do need to ride it out now. Just hope my alts arent completely worthless by the time the fork is over.
Never too late to sell. I reckon alts will be 20-50% lower, while btc will be 10-30% higher in next two weeks before the fork
 

commish

Jason Kidd murdered my dog in cold blood!
Aug 3, 2004
26,508
0
0
Never too late to sell. I reckon alts will be 20-50% lower, while btc will be 10-30% higher in next two weeks before the fork
I would agree. I'm already out of all my alts and am riding the BTC train. BTC could hit $10k at this rate.
 

DonMigs85

Member
Sep 3, 2009
26,769
2
850
34
Philippines
The XBL dev has been ranting about Ethereum's sluggishness and limitations when doing certain calculations for the raffle system and other DAPPS, and wants to move over to EOS. Kinda makes you wonder about Eth's long-term future, but we'll see if the Plasma update helps.
 

gaming_noob

Member
Jan 25, 2010
5,157
4
685
Toronto
The XBL dev has been ranting about Ethereum's sluggishness and limitations when doing certain calculations for the raffle system and other DAPPS, and wants to move over to EOS. Kinda makes you wonder about Eth's long-term future, but we'll see if the Plasma update helps.
Supposedly XBY will be the solution, if they can ever get their act together. I don't have faith in their lead board member CCR.