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re: Official CryptoTalk Thread

Posted on 12/21/17 at 8:28 pm to
Posted by DeathValley85
Member since May 2011
18996 posts
Posted on 12/21/17 at 8:28 pm to
I sure as shite didn’t time my litecoin purchase right

That popped my crypto cherry and days after the founder sells all his coins and then bitcoin cash doesn’t help
Posted by stout
Porte du Lafitte
Member since Sep 2006
180383 posts
Posted on 12/21/17 at 8:30 pm to
quote:

Buy good quality coins and HODL them.


This right here is my issue right now. There are too many coins and it's all too volatile to know which coins are the "good coins". No one knows which coins will be left standing when the inevitable correction happens. Just like no one knew 100% that Google would be the winner over Altavista and Dogpile for example.

Just saying that it has sort of gotten out of hand IMO because, again, there is nothing backing any of this other than pure speculation. 90% of these coins wouldn't exist if it wasn't for the speculators as there is not a need for so many variations.
Posted by BaddestAndvari
That Overweight Racist State
Member since Mar 2011
18666 posts
Posted on 12/21/17 at 8:36 pm to
quote:

There are too many coins and it's all too volatile to know which coins are the "good coins". No one knows which coins will be left standing when the inevitable correction happens.


Honestly as it stands right now, from a "practical use" standpoint eth, LTC, and xrp are your best choices for who "wins out" because these three have practical uses outside with quick transactions and teams to make it happen.

But like you said, it's the wild wild West and who knows
Posted by Odinson
Asgard
Member since Apr 2014
2863 posts
Posted on 12/21/17 at 8:42 pm to
Accumulate as much ETH as you can as a core holding. It already has name recognition and Viltalik. Gone will be the days that we can afford bunch of cheap Ether (and IOTA). If cypto implodes, Eth will eventually still stand. Over 40 of the top 100 coins are Ethereum based.


Posted by bstew3006
318
Member since Dec 2007
13007 posts
Posted on 12/21/17 at 8:42 pm to
XRP is ripping right now
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
69426 posts
Posted on 12/21/17 at 8:43 pm to
quote:

there is nothing backing any of this other than pure speculation.


There is legitimate technology and specific applications of said technology backing most of them. Many will not succeed, but it's not because there is nothing backing them. It's because the tech will be beaten by other tech or will be deemed not useful enough for long term viability.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 12/21/17 at 8:46 pm to
most people expect a correction but this is a 10% market dip, lol


im also still up today because of ripple


Posted by stout
Porte du Lafitte
Member since Sep 2006
180383 posts
Posted on 12/21/17 at 8:47 pm to
I should reword. The blockchain tech is and will be valuable for many applications. The value of the majority of the coins have nothing backing them.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82110 posts
Posted on 12/21/17 at 8:57 pm to
I don't disagree. A random arse tea/cigar company adds blockchain to their name and goes up by like 350%. That kind of stuff is the precursor to bubbles. Granted, i think this runs for quite a bit longer since it is still relatively new. Whenever the bubble does pop, the shitcoins (alt coins) will be the main ones destroyed. The big boys and coins with established purpose/tech will regroup and keep going
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82110 posts
Posted on 12/21/17 at 8:58 pm to
quote:

This right here is my issue right now. There are too many coins and it's all too volatile to know which coins are the "good coins"
Read the white papers. Learn what the coins will/are used for. Research the dev teams. Then you will know which ones are "good" and which are just hopefuls
Posted by DeathValley85
Member since May 2011
18996 posts
Posted on 12/21/17 at 8:59 pm to
Anybody going to get this ether dip? Looks tasty
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
69426 posts
Posted on 12/21/17 at 9:00 pm to
I agree. There seems to 1000 options. Most will be gone in 5 years. Many will be hugely successful with real world use.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 12/21/17 at 9:01 pm to
im hoping to add some more

i have buy orders at $650 though, so i need an "official" correction to get filled
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82110 posts
Posted on 12/21/17 at 9:03 pm to
The Ethereum creator stated he believes 90% of all coins today will not exist in 5 years. I agree with him. THat is why I am so focused on accumulating ETH and nothing else right now for the long term. I keep only 5% of my crypto portfolio as "play money" to have fun with on trading moonshots.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 12/21/17 at 9:05 pm to
quote:

Most will be gone in 5 years


probably by 2019

this will be the last good year for alt coin moonshots imo
Posted by 7LSU7
Member since Sep 2016
1112 posts
Posted on 12/21/17 at 9:06 pm to
If anyone is looking for a hardware wallet. The ledger nano s is one of the best. Make sure you order from the ledger company (located in France) and not from eBay / Amazon. The ones on eBay / Amazon are marked up and you never know if they have been tampered with.
LINK
Posted by BaddestAndvari
That Overweight Racist State
Member since Mar 2011
18666 posts
Posted on 12/21/17 at 9:06 pm to
BTC down below 14k
Posted by stout
Porte du Lafitte
Member since Sep 2006
180383 posts
Posted on 12/21/17 at 9:09 pm to
BTC will drop back to $8k. This run was too insane. I am tempted to drop a shitload of money on it at $8K just to try and get lucky and ride the wave.
Posted by shel311
McKinney, Texas
Member since Aug 2004
112671 posts
Posted on 12/21/17 at 9:09 pm to
quote:

BTC down below 14k
Man, I just loaded up on ETH yesterday.

Now I want to do the same with BTC tonight.
Posted by BaddestAndvari
That Overweight Racist State
Member since Mar 2011
18666 posts
Posted on 12/21/17 at 9:12 pm to
So just to learn Binance and all that jazz, I converted .7 eth to RIPPLE... here we go
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