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re: Official CryptoTalk Thread

Posted on 1/21/18 at 3:38 pm to
Posted by S1C EM
Athens, GA
Member since Nov 2007
11594 posts
Posted on 1/21/18 at 3:38 pm to
quote:

Did they say anything about whether or not they would also be blocking electronic wire transfers in to your cap one accounts from coinbase to?


Didn't say. What type of account do you have with them to allow that? Wasn't aware of such a payment option.
Posted by S1C EM
Athens, GA
Member since Nov 2007
11594 posts
Posted on 1/21/18 at 3:41 pm to
Interesting..... ETH stands at 1016.00 per right now, but when I try to buy 1020's worth, it says it's .9877658687 units........
This post was edited on 1/21/18 at 3:42 pm
Posted by stout
Porte du Lafitte
Member since Sep 2006
180670 posts
Posted on 1/21/18 at 3:43 pm to
There are fees associated with buying crypto. That's the difference.
Posted by S1C EM
Athens, GA
Member since Nov 2007
11594 posts
Posted on 1/21/18 at 3:45 pm to
Oooh. I thought that might be it.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 1/21/18 at 4:23 pm to
It doesn't matter. By the time it arrives in an account it could be 1100 again. It could be 700 again. He could also lose out on an opportunity to buy an alt coin before it moons.

You buy when it's a price point you're comfortable with or the price is so low you have to trade in some fiat.

Of course, if your only goal is to horde ethereum, then whatever, track patterns and buy dips.

But if you're alt coin investing, getting it in your account sooner rather than later is preferred.
Posted by stout
Porte du Lafitte
Member since Sep 2006
180670 posts
Posted on 1/21/18 at 4:25 pm to
quote:

You buy when it's a price point you're comfortable with or the price is so low you have to trade in some fiat.

Of course, if your only goal is to horde ethereum, then whatever, track patterns and buy dips.

But if you're alt coin investing, getting it in your account sooner rather than later is preferred.



I agree with all of this.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 1/21/18 at 4:31 pm to
I won't lie, I'm a little worried right now.

The wall of sale orders on eth is huge 1100-1050 after that huge rally and there is some FUD floating around about regulations. Plus, the support at 950-1k is thin.

I'm wondering if someone knows something we don't.
Posted by TigerDeBaiter
Member since Dec 2010
10712 posts
Posted on 1/21/18 at 4:41 pm to
quote:

Wanna tell me again how when I said "but let's not act like there has been enough consistency to say any pricing is definitive " I was wrong?


Simply irrelevant. Like I stated.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 1/21/18 at 5:14 pm to
I never thought I'd say this with ETH's volume but it's being manipulated I think.

Looked and saw a 1400 eth sell wall at 1030, got up and went in the other room and it was gone and added to 1040.



eta: Although I genuinely don't understand why whoever is doing this is doing it, assuming I am correct. Keeping ETH low will just hurt their ability to buy certain alt coins that are due to increase in the coming weeks. The time frame doesn't make sense.
This post was edited on 1/21/18 at 5:21 pm
Posted by LSUJuice
Back in Houston
Member since Apr 2004
18020 posts
Posted on 1/21/18 at 5:29 pm to
What's the down side if it stays low for a little while?
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 1/21/18 at 5:35 pm to
Lets say VEN, ICX go up a little between now and their announcements because people start wanting to buy in before a moon shot.

If ETH does not rise in a semi-proportional manner, VEN and ICX will become much stronger vs. eth and make it more "expensive" to purchase from a relative standing.

It's just an odd decision from a strategic standpoint of someone who has the resources to do something like manipulate ETH, unless

warning: metafrickery conspiracy shilling

1. They want to limit the amount others are able to buy of the coin, for whatever reason

2. There is going to be a massive alt-coin or bitcoin selloff and they want to accumulate as much ETH as possible during the exchange.

Of course, there could be no metafrickery and I am just overly paranoid from watching VEN get fricked with for 6 months.
This post was edited on 1/21/18 at 5:36 pm
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 1/21/18 at 6:44 pm to
WTC & VEN currently the only 2 coins in the top 100 market cap in the 24 hour green. Love both
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 1/21/18 at 6:58 pm to
VEN has more growing to do even before the announcements. A lot of good news for it wasnt priced in because of the crash and it also was suppressed for awhile.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 1/21/18 at 7:05 pm to


This fricking cock sucker right here
Posted by stout
Porte du Lafitte
Member since Sep 2006
180670 posts
Posted on 1/21/18 at 7:09 pm to
Seeing that, I almost want to risk selling my VEN and waiting for a dip to buy back in so I can turn a little profit really quick.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/21/18 at 7:10 pm to
Risky
Posted by stout
Porte du Lafitte
Member since Sep 2006
180670 posts
Posted on 1/21/18 at 7:14 pm to
Maybe, maybe not. I think it swings enough often enough that I could unless some big news came out that fricks me. I did it yesterday with ICX and bought back in this morning. I'm not in as cheap but I have more shares now with the same initial investment because of my profits. I won't do that again with ICX because we're too close to Mainnet launch but with VEN I am tempted.

Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 1/21/18 at 7:14 pm to
It's risky but not necessarily a bad idea.

I considered it but I am not sure if the benefits outweigh the risks.

Usually, when it came up to a wall, it rebounded almost 0.001 eth. But over the weekend with volume at unprecedented levels for VEN, smaller walls got eaten into and dropped. I was waiting for the "Wall recoil" and almost lost a significant amount of ven when the seller dropped his wall as it got eaten (ended up only losing 1 ven, thankfully).

Right now its at about 40k~ ETH 24h volume. If that starts to drop, it could be a good idea. But if it maintains the current volume, I'd just hodl. Otherwise it won't drop it enough from the recoil to justify the risk.
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 1/21/18 at 7:18 pm to
quote:

Seeing that, I almost want to risk selling my VEN and waiting for a dip to buy back in so I can turn a little profit really quick

I mean then you’re just switching your market risk from VEN to either BTC or ETH, and VEN has been swimming upstream in a heavy red crypto current. Goes back to my theme that alts need to be thought of relative to BTC/ETH and not fiat. Be sure to consider transaction fees in your analysis if you’re expecting to make quick narrow margin trades.
Posted by stout
Porte du Lafitte
Member since Sep 2006
180670 posts
Posted on 1/21/18 at 7:22 pm to
ICX has a huge wall up now too
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