re: Official CryptoTalk Thread

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You have a hell of a grasp on the crypto landscape all of a sudden. For someone that couldn’t find pairings on an exchange a day ago, that’s impressive.

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For what it's worth I could find pairings and even had VEN and ICX/ETH in my favorites. My question pertained to how to sell either alt coin for ETH. I had a good idea, but wanted to confirm before hitting any buttons given how easily you can lose money by clicking the wrong thing. I play it safe.

This also isn't the only place I get info now. I'd be a dumbass if it were.

I might be wrong and that's fine. I just don't have a good feeling on ICX. You don't have to agree or like my opinion.

FTR I’m 100% out of ICX now

The summit was an epic failure for their launch event. They say they are going to change the world with their blockchain tech, but can’t wven figure out how to stream audio for their Summit. The summit was half empty. All the dApps fell completely flat minus BlueWhale possibly. ICX has the worst marketing department of any top 20 coin it’s embarrassing. Lastly Koreans don’t give a frick about it!

I’m out completely and reinvested my earnings back into VEN for a masternode. I’m leaving the rest in ETH for once WAN lists on binance any day now.

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FTR I’m 100% out of ICX now

The summit was an epic failure for their launch event. They say they are going to change the world with their blockchain tech, but can’t wven figure out how to stream audio for their Summit. The summit was half empty. All the dApps fell completely flat minus BlueWhale possibly. ICX has the worst marketing department of any top 20 coin it’s embarrassing. Lastly Koreans don’t give a frick about it!

I’m out completely and reinvested my earnings back into VEN for a masternode. I’m leaving the rest in ETH for once WAN lists on binance any day now.

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OleWarSkuleAlum

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I am so glad I am mostly in ICX now.






ETA

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I’m out completely and reinvested my earnings back into VEN for a masternode.

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Oh yea? Pretty close to that?

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Easy Come, Easy Go: How One Trader Made And Lost A Bitcoin Fortune

A popular Reddit post this week tells a cautionary tale for any cryptocurrency traders sitting on huge gains. The anonymous poster tells the story of how he traded his way from $3,000 worth of bitcoin to nearly $4 million in gains before losing every last cent.

According to the poster’s story, his venture into the bitcoin trading world began when he won 3 bitcoin in a poker game. When he started trading bitcoin, those three bitcoins were worth about $3,000. Over time, he slowly traded his way up to 200 bitcoins, worth nearly $4 million at the peak of the bitcoin market.

“I thought I was a trading genius, a god, whatever,” the poster wrote. As they often do in day trading, things quickly went south.

What Goes Up…

The poster says he made a series of ill-timed trades during the recent period of volatility following the peak in bitcoin price at around $19,000 that cost him 50 bitcoin overall. He began shorting bitcoin at $12,000 and added to his short position at $13,000, $14,000 and $15,000 before liquidating at $17,000, a series of trades that cost him another 50 bitcoin.

He then transitioned to a long position at $17,000 only to ride the price back down to $13,000 and lose another 50 bitcoin.

At this point, the poster described himself as “devastated, unsure, no clue what’s going on.”

Yet remarkably, he made the decision to leap back into the market by taking a long position at $11,500 only to liquidate at $10,500. After the price again climbed to $13,000, the trader went long one final time. He liquidated his bitcoin position earlier this week for another loss that would cost him his last bitcoin.

Cautionary Tale

“At this time I am still in shock,” the poster said, adding that “the last few months I’ve neglected relationships and school, and I’ve been daydreaming about living the high life rich as frick with my millions.”

Unfortunately, these types of stories are all-too-common when it comes to traders attempting to jump into day trading with relatively little experience and nearly no risk management skills.

The cryptocurrency market is one of the most volatile and unpredictable financial markets in history, and even extremely experienced traders are struggling to predict its movements or even begin to potentially value cryptocurrencies like bitcoin.

Buying and holding bitcoin is enough of a gamble, considering how deeply divided regulators, hedge fund managers, traders, economists and financial experts are on the future of the currency. Attempting to day trade bitcoin on gut feel alone is one of the most dangerous moves a trader can make at this point in time.

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$2K+ ETH on 1/31....wait....frick

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Per okewarskulealum ETH was gonna be 2000 to 3000 by end of January

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Was that the original post, or the more conservative, scaled back predictions?

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It's like YoungManOldMan getting an RobinHood account last week and now the dude is Gordon Gekko

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Laugh if you like. I'm pretty level-headed and when I have an interest in something, I learn rather quickly.

Also, please point to where I am wrong so far today? I said over a week ago I wasn't sold on ICX after doing a little surface research on both it and VEN. So far, my hunch is playing out. Some of you were literally drooling over a picture of a half-assed brochure for their "summit".

Hell, I'm still not convinced on VEN. I think it still has a shot to be a good investment, but some of these "leaks" and comic book style messages leave me wondering who's really in charge of the project. Their potential partners are what makes me still think they might have something worth buying. But the Guggenheim photo? C'mon. This guy sets this stuff up strategically. Nothing is by accident. He knows that when he puts that out there, the fanboys will be combing over the picture like a page in a 'Where's Waldo' book, looking for any clue to the next big announcement. This is called "hype". Now if we can prove that any of the folks in the picture have anything to do with Guggenheim, so be it. Maybe the Caucasian couple? I have't looked into it, so I don't know.

But back to ICX, still dropping. If you had it, you should have sold it a couple Saturdays ago when it popped the $10.00 mark. In fairness, nobody KNEW that for sure. Just saying.

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I said over a week ago I wasn't sold on ICX after doing a little surface research on both it and VEN. So far, my hunch is playing out

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ICX down a little to what is has been averaging for a long time now in the most volatile market in history where every other coin is also down and you take that as justification for your "hunch" being correct.

Quit while you're ahead, dude.

All world markets are down right now and have been for the past two days. Crypto isn't immune.

He didn't get rich in a week trading Crypto!

He was panicking because the day after he bought some ETH it dropped like $40 or something.

Only reason I am entertaining it is because I left my phone at home and its busy work day. Def speeding home at lunch to watch my portfolio plummet some more while I wait for my tax return to hit.

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Again, show me where I'm wrong? Where's that $20 ICX? Perhaps you should quit while YOU'RE ahead, muchacho?

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Yea stout, we should quit. Arguing with a two week crypto veteran is above our pay grade.

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He didn't get rich in a week trading Crypto!

He was panicking because the day after he bought some ETH it dropped like $40 or something.

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Who said that was the plan? I'm looking for which one will be a good HODL. I'm certainly not trying to "get my Lambo".

I don't have any enemies here, man. Obviously, y'all don't like OWS or his predictions much and I'd say your skepticism is pretty well warranted from what I've seen.

That said, this shite is crazy and by mid-day today, he could be right. Probably won't be, but with the volatility.......who knows. I'm not trying to crap on you for having ICX. All I said was based on what I saw, I wasn't convinced. I stand by that. It could moon in 5 minutes for all I know.