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re: Official CryptoTalk Thread
Posted on 1/22/18 at 10:13 pm to CaptSpaulding
Posted on 1/22/18 at 10:13 pm to CaptSpaulding
the guy manually took it down but there was a sell order at 0.0082~ eth for a total of 1000 ether worth of ICX. people do that to keep a price suppressed.
Posted on 1/22/18 at 10:15 pm to Tiguar
Where do you find that info? Thanks.
Posted on 1/22/18 at 10:17 pm to CaptSpaulding
go to binance and click icx/eth and look at the book list on the left. sort to 4 or 5 decimals to reduce spam and you see the orders there
for a graphical representation, click "depth" instead of the candlestick chart.
for a graphical representation, click "depth" instead of the candlestick chart.
Posted on 1/22/18 at 10:43 pm to Tiguar
WTC
With the good news out of SK and Asian markets up and hungry earlier, was hoping for more out of the core coins this evening.
With the good news out of SK and Asian markets up and hungry earlier, was hoping for more out of the core coins this evening.
Posted on 1/22/18 at 10:45 pm to Tiguar
I need a binance app tutorial
Posted on 1/22/18 at 11:08 pm to LSUJuice
Ven is about to correct , look for Ven around $4-$6 -for a short time - stock up time - VEN will be a top 10 coin by end of 2018 . Just me studying the graphs .... Ignore if you think otherwise .
This post was edited on 1/22/18 at 11:10 pm
Posted on 1/23/18 at 7:02 am to DreauxB2015
UPDATE: Goldman issues a warning on bitcoin -- and an even bigger warning on Ethereum
Goldman quotes historian on 'tulip bubble': 'Our descendants doubtless will laugh at the human insanity of our Age'
The chorus of bitcoin bears is growing louder by the day.
The latest to issue a stern warning against the world's largest digital currency is Goldman Sachs's investment management division, which wrote that there is "no doubt" that the cryptocurrency's astronomical rise over the past year "has pushed it into bubble territory."
The firm added that bitcoin's "meteoric rise in a short time has dwarfed the rise seen during the dot-com bubble." They added: "We also believe that cryptocurrencies have moved beyond bubble levels in financial markets, and even beyond the levels seen during the Dutch 'tulipmania' between 1634 and early 1637."
Bitcoin last traded at $10,200.77, down over 11% on the day. The digital currency, maintaining one of its most notorious qualities, has been incredibly volatile in 2018, seeing massive swings on a near daily basis. Over the past year, bitcoin has risen by a factor of more than 10, although it has also dropped significantly. After closing 2016 under $1,000, it subsequently soared throughout most of last year, peaking near $20,000 in December before turning sharply lower.
The volatility of the market, along with a lack of regulation, was cited by the Securities and Exchange Commission as reasons why it was unlikely to approve an exchange-traded fund related to bitcoin soon.
Other digital currencies have seen similar moves over the past year, both up and down. Ripple, which is currently the third-largest cryptocurrency, went from trading under one penny a year ago to more than $3.30 in early January It subsequently shed more than half of that gain, and is currently trading around $1.22. Ether, which runs on the Ethereum blockchain, was trading around $10 a year ago. It surged above $1,330 in mid-January, but last traded Monday at $943.09.
Goldman is not the first analyst to deem crypto the biggest bubble in history, and it sees ether as a potentially larger one than even bitcoin. When Ether's price move is compared against stocks, tulips, and bitcoin, the scale of the other rises essentially disappears in comparison, a fact Goldman called "astonishing."
"While we do not know if bitcoin or any other cryptocurrency will double or triple from prevailing prices, we do not believe that these cryptocurrencies will retain their value in the long run in their current incarnation," it wrote to clients.
Despite Goldman's pessimism, the investment bank is reportedly weighing a new trading operation dedicated to bitcoin and other digital currencies.
In another sign of the crypto universe's potential bubble, Goldman also noted the recent trend of companies that have seen their stock prices soar after they announce initiatives related to blockchain or even simply change their name to include the term.
Such stock moves, Goldman wrote, recalled a quote by the Dutch historian Theodorus Schrevelius. After the tulip bubble burst, Schrevelius wrote that "our descendants doubtless will laugh at the human insanity of our Age, that in our times, the tulip flowers have been so revered."
Like UBS and HSBC Global Research before it, Goldman did express some interest in blockchain, which is the decentralized ledger technology that underpins bitcoin and other cryptocurrencies. On a blockchain, so-called miners solve complex computational problems to validate transactions on the network, and are rewarded with bitcoin or other such coins. Because of the way it is structured, it does not require the participation of any kind of middleman--just as bitcoin doesn't have the backing of a government or central bank--and it is nearly impossible for transactions on the blockchain to be forged.
"We think the concept of a digital currency that leverages the blockchain technology is viable given the benefits it could provide: ease of execution globally, lower transaction costs, reduction of correction since all transactions could be traced, safety of ownership, and so on," Goldman wrote. "But bitcoin does not provide any of these qualities."
Goldman has weighed how effective bitcoin is for the various purposes that its advocates argue it can serve. Ultimately, it concluded that bitcoin is too volatile to function as a store of value, and too inefficient to replace traditional currencies as a means of transferring value. However, it suggested cryptocurrencies could be a viable alternative in frontier markets, where traditional services of money are inadequately supplied.
Goldman quotes historian on 'tulip bubble': 'Our descendants doubtless will laugh at the human insanity of our Age'
The chorus of bitcoin bears is growing louder by the day.
The latest to issue a stern warning against the world's largest digital currency is Goldman Sachs's investment management division, which wrote that there is "no doubt" that the cryptocurrency's astronomical rise over the past year "has pushed it into bubble territory."
The firm added that bitcoin's "meteoric rise in a short time has dwarfed the rise seen during the dot-com bubble." They added: "We also believe that cryptocurrencies have moved beyond bubble levels in financial markets, and even beyond the levels seen during the Dutch 'tulipmania' between 1634 and early 1637."
Bitcoin last traded at $10,200.77, down over 11% on the day. The digital currency, maintaining one of its most notorious qualities, has been incredibly volatile in 2018, seeing massive swings on a near daily basis. Over the past year, bitcoin has risen by a factor of more than 10, although it has also dropped significantly. After closing 2016 under $1,000, it subsequently soared throughout most of last year, peaking near $20,000 in December before turning sharply lower.
The volatility of the market, along with a lack of regulation, was cited by the Securities and Exchange Commission as reasons why it was unlikely to approve an exchange-traded fund related to bitcoin soon.
Other digital currencies have seen similar moves over the past year, both up and down. Ripple, which is currently the third-largest cryptocurrency, went from trading under one penny a year ago to more than $3.30 in early January It subsequently shed more than half of that gain, and is currently trading around $1.22. Ether, which runs on the Ethereum blockchain, was trading around $10 a year ago. It surged above $1,330 in mid-January, but last traded Monday at $943.09.
Goldman is not the first analyst to deem crypto the biggest bubble in history, and it sees ether as a potentially larger one than even bitcoin. When Ether's price move is compared against stocks, tulips, and bitcoin, the scale of the other rises essentially disappears in comparison, a fact Goldman called "astonishing."
"While we do not know if bitcoin or any other cryptocurrency will double or triple from prevailing prices, we do not believe that these cryptocurrencies will retain their value in the long run in their current incarnation," it wrote to clients.
Despite Goldman's pessimism, the investment bank is reportedly weighing a new trading operation dedicated to bitcoin and other digital currencies.
In another sign of the crypto universe's potential bubble, Goldman also noted the recent trend of companies that have seen their stock prices soar after they announce initiatives related to blockchain or even simply change their name to include the term.
Such stock moves, Goldman wrote, recalled a quote by the Dutch historian Theodorus Schrevelius. After the tulip bubble burst, Schrevelius wrote that "our descendants doubtless will laugh at the human insanity of our Age, that in our times, the tulip flowers have been so revered."
Like UBS and HSBC Global Research before it, Goldman did express some interest in blockchain, which is the decentralized ledger technology that underpins bitcoin and other cryptocurrencies. On a blockchain, so-called miners solve complex computational problems to validate transactions on the network, and are rewarded with bitcoin or other such coins. Because of the way it is structured, it does not require the participation of any kind of middleman--just as bitcoin doesn't have the backing of a government or central bank--and it is nearly impossible for transactions on the blockchain to be forged.
"We think the concept of a digital currency that leverages the blockchain technology is viable given the benefits it could provide: ease of execution globally, lower transaction costs, reduction of correction since all transactions could be traced, safety of ownership, and so on," Goldman wrote. "But bitcoin does not provide any of these qualities."
Goldman has weighed how effective bitcoin is for the various purposes that its advocates argue it can serve. Ultimately, it concluded that bitcoin is too volatile to function as a store of value, and too inefficient to replace traditional currencies as a means of transferring value. However, it suggested cryptocurrencies could be a viable alternative in frontier markets, where traditional services of money are inadequately supplied.
Posted on 1/23/18 at 7:29 am to stout
quote:
Despite Goldman's pessimism, the investment bank is reportedly weighing a new trading operation dedicated to bitcoin and other digital currencies.
Posted on 1/23/18 at 7:33 am to windshieldman
I knew that would get brought up. I lol'd at it too but if you think about it, they aren't going to pass up an opportunity to make money off of fees for trading BTC.
This post was edited on 1/23/18 at 7:34 am
Posted on 1/23/18 at 7:38 am to stout
quote:Yep. I've got to believe the market for people who are intrigued but won't sign up for "shady" websites is a pretty good size.
I knew that would get brought up. I lol'd at it too but if you think about it, they aren't going to pass up an opportunity to make money off of fees for trading BTC.
Posted on 1/23/18 at 8:09 am to castorinho
Where do you all recommend storing your ether/ICON/etc? Some say they keep it on Coinbase or Bianace. I've seen options like Myetherwallet.com and then other actual hardware options like USB drives.
What SHOULD I do with it?
What SHOULD I do with it?
Posted on 1/23/18 at 8:28 am to S1C EM
depends. If you're going to actively trade, I'd just keep it on the exchanges.
If you're keeping it long term, I'd store it on the computer
If you're keeping it long term, I'd store it on the computer
Posted on 1/23/18 at 8:50 am to castorinho
quote:
I'd store it on the computer
That honestly scares the shite outta me. It'd be my luck the thing would have a fatal error with all of my coin on it.
Besides that, how do you load it onto a hard drive and then turn around and upload it back to the exchanges? It's crazy how this stuff works.
Posted on 1/23/18 at 9:58 am to S1C EM
I'm still completely confused on the confidence of an ICX bump coming up. You'd think today would be the day it would start a move. Wouldn't people want to get in before the mainnet launch tomorrow? It's not a secret. Are folks not aware of it? Are they waiting to make sure it's not a disaster?
I guess the day is still young, but I'd expect some sort of boost ahead of the launch, unless there is some manipulation going on.
I guess the day is still young, but I'd expect some sort of boost ahead of the launch, unless there is some manipulation going on.
Posted on 1/23/18 at 10:07 am to GRTiger
It’s up .40 to .50. Since I checked it this morning around 7:00a
Posted on 1/23/18 at 10:16 am to S1C EM
quote:
That honestly scares the shite outta me. It'd be my luck the thing would have a fatal error with all of my coin on it.
Besides that, how do you load it onto a hard drive and then turn around and upload it back to the exchanges? It's crazy how this stuff works.
I bought a ledger nano s. Well, will actually get it in March. Trezor makes a good product. Just make sure they can store the coins you are interested in investing.
Posted on 1/23/18 at 10:28 am to LZ83
Yea, it's up about 40 cents since I made that post.
My body is ready.
My body is ready.
Posted on 1/23/18 at 10:30 am to LZ83
It was at just under $7.00 earlier this morning, so it's going up. Just slowly.
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