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re: Official CryptoTalk Thread

Posted on 8/7/18 at 5:56 pm to
Posted by CBarkleytruth
Member since Dec 2014
1699 posts
Posted on 8/7/18 at 5:56 pm to
Anybody else get their arse kicked by crypto this past 7 months? Been a hell of a ride into a ditch over here. Is there any hope? Feels like a no right now. Too scared to buy more
Posted by CE Tiger
Metairie
Member since Jan 2008
41882 posts
Posted on 8/7/18 at 6:31 pm to
If you watched crypto explode sitting there thinking I wish I got in earlier we’ll this is your chance.... buy when others are fearful
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64143 posts
Posted on 8/7/18 at 6:58 pm to
quote:

If you watched crypto explode sitting there thinking I wish I got in earlier we’ll this is your chance.... buy when others are fearful



This. I was just lamenting about ETH crashing but i also bought at the dip.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 8/7/18 at 7:02 pm to
Me. Just waiting.

Even more frustrating is last recovery I was only like 5% down (up from 69% down) and didn't cash out.

Now I'm like 85% down on my Jan buys
Posted by PEPE
Member since Jun 2018
8198 posts
Posted on 8/7/18 at 8:35 pm to
I just started putting money in bitcoin, thankfully small amounts, but I'm confused to why it's dropping.

I know trying to make sense of the crypto market is still sort of a guessing game, but it seems like there has been a lot of favorable news for bitcoin over the past week and yet it still is slowly sliding?
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64143 posts
Posted on 8/8/18 at 2:29 am to
quote:

I just started putting money in bitcoin, thankfully small amounts, but I'm confused to why it's dropping.



Sometimes it's best to just not speculate. It's a complete crapshoot until crypto starts to gain real traction in industry.

When will that be? Nobody really knows.

One thing i do know is that big players ARE involved in crypto. It's very legit.
Posted by WG_Dawg
Member since Jun 2004
89583 posts
Posted on 8/8/18 at 8:39 am to
I started buying ETH when this thread was in single digits and enjoyed the meteoric rise it had, and have ALWAYS said I was in for the long haul (like several years) so I'm not really freaking out or wanting to cash it all out or anything, but man it's disappointing seeing it slowly tumble all the way back into the 300s. I know this could be a "return to the mean" kinda thing but can someone help me feel better and tell me we'll get another big bull run in the next 6 months?
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 8/8/18 at 9:16 am to
xlm goes up as transaction volume increases. it's a middleman token for financial asset transactions.

network load should increase as use cases go up. with IBM and other banks/transfer agencies adopting it faster than xrp right now I think you see $5 to $10 dollars long run.
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64143 posts
Posted on 8/8/18 at 11:24 am to
quote:

I started buying ETH when this thread was in single digits and enjoyed the meteoric rise it had, and have ALWAYS said I was in for the long haul (like several years) so I'm not really freaking out or wanting to cash it all out or anything, but man it's disappointing seeing it slowly tumble all the way back into the 300s. I know this could be a "return to the mean" kinda thing but can someone help me feel better and tell me we'll get another big bull run in the next 6 months?



There's been no adoption yet, the ETH network is still being built and improved. This why price analysis is nutso at this stage.
Posted by CE Tiger
Metairie
Member since Jan 2008
41882 posts
Posted on 8/8/18 at 9:21 pm to
Anybody tell you guys to buy Chainlink yet?? Cuz uh yea buy Chainlink
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64143 posts
Posted on 8/8/18 at 10:21 pm to
I'm all chainlink. Waiting for ETH to go back up before I turn it into LINK right now.
This post was edited on 8/8/18 at 10:22 pm
Posted by castorinho
13623 posts
Member since Nov 2010
86562 posts
Posted on 8/8/18 at 10:43 pm to
quote:

think you see $5 to $10 dollars long run.
isn't the number of xlm in circulation insanely high?
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64143 posts
Posted on 8/8/18 at 10:59 pm to
quote:

isn't the number of xlm in circulation insanely high?



19 billion currently in circulation.

104 billion total supply.


It's one of the reasons I left stellar even though it's a legit project.


Jed is going to dump a bunch of lumens on a bunch of people in Africa as a form of charity.

Too many in circulation IMO.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 8/9/18 at 6:36 am to
yes. I dont think we see 5 or 10....although that means only 190 billion in value. compared to several trillion market they're going after that seems like a safe estimate for them when they really hit big. if I picked right I'm aware I'm years early
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26717 posts
Posted on 8/9/18 at 3:52 pm to
Most of these projects are years early and I do think 30-40 out of 1700 will pan out, but the price of some will continue to deflate. We also have to keep in mind a project can be successful without the value of the token appreciating if people have just as much demand for the dollar or bitcoin as they do for the token itself. Having a token is not the same thing as a stake in the business, and despite that being obvious to many, to other it will be a painful reality.

Also, ETH will be under $100 before the end of 2018.
This post was edited on 8/9/18 at 3:57 pm
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
43073 posts
Posted on 8/9/18 at 7:17 pm to
What’s up with ETC?
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 8/9/18 at 8:25 pm to
quote:

I do think 30-40 out of 1700 will pan out,

I'm not that confident the success rate will be that high.

I think you're looking at maybe 4 or 5 platforms and then whatever is on those platforms will compete like software companies.

I think the safest investment in the space is companies who can save money with the crypto. maersk, IBM, Microsoft, Accenture, etc. that adopt early and will determine what platforms win or lose.

Posted by PEPE
Member since Jun 2018
8198 posts
Posted on 8/9/18 at 8:39 pm to
I've just recently begun putting money into crypto but I have followed it from the beginning, I'm one of those people kicking themselves for not buying bitcoin when it was trading for cents, I was aware of it and was intrigued but never pulled the trigger unfortunately.

I think the vast, vast majority of alt-coins will utterly fail.

Right now you have bitcoin, which has the advantage of a brand name and a lot of entrenched backers. I don't see it ever really going away unless some horrible flaw arises.

There is an opportunity for a few alt-coins to gain traction, if they fill a void that bitcoin doesn't do well, either because better technology or better currency practices, whatever.

However while people will be forever trying to make new coins a thing, eventually we'll likely live in a world where there are 2-3 established and well known crypto currencies that have utility and people will desire to own and use.

As to what those coins eventually are, it's up to the technology as well as just some luck. It also will probably take several more years for us to get to that point. I think the alt-coin fever is driven by people sad they missed the original bitcoin surge and want to recreate it.

A few of them may do that, but the vast majority are just going to slowly fall by the wayside IMO.
Posted by CE Tiger
Metairie
Member since Jan 2008
41882 posts
Posted on 8/9/18 at 9:03 pm to
quote:

As to what those coins eventually are


It’s Chainlink
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 8/9/18 at 9:53 pm to
My only regret is that I didn't do an ICO when it was the wild wild west.
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