discuss 10x Your Money In Domains Or Crypto Currency?

[Silentptnr]

A lot of domain investors also invest in crypto currency it seems as of late. I usually feel pretty confident that a domain I carefully acquire today will be a 10x+ my investment including holding time. If say, I were to buy bitcoin today, is it feasible that i would get 10x my money?

 

[SirDrago]

Bitcoin big holders writing those optioncontracts, and locking in those multi million dollar gains?

Looks like a healthy correction, still a lot of traders in this space, should bring a new round of money that has been on the sidelines.

Whales shorting big time and cashing in at the low.
I'm grateful to be honest, plenty of bargains to be had. Xmas crypto shipping for me.

 

[wwwweb]

Whales shorting big time and cashing in at the low.
I'm grateful to be honest, plenty of bargains to be had. Xmas crypto shipping for me.

They have been piling on to short btc for sure, what looks good to you here, iot jumps out at me,

Charles times his LTC sale pretty good.

Going to try and be patient, and trade the spreads are wide, when it moves back
it will be quick, but many will trade out again
also, btc flirting very close to the $11’s now, but it keeps bouncing.

 

[SirDrago]

XRP, ETH, IOTA etc...

 

[wwwweb]

XRP, ETH, IOTA etc...

Show attachment 75931

XRP hasn’t given as much back as the others as of right now, smaller coins might provide higher returns on a bounce.

BTC is not looking like an 800 lb gorilla right now.

Lots of people were holding looking for the $40,50,100k predicted, it’s not holding up as thought, keeps going lower, and lower, those whales are cashing out. This is not the retail buyers holding 1 or a few coins selling, big money pushing this down. Taking everything with it.

LTC back into the $1xx

Just let it drop for now, until btc rebounds doesn’t look like anything else will either, margin traders must have been called out, stop losses getting taken out also.

Classic falling knife.

If BTC sees $10,xxx range, I can see a lot of buyers try to buy back in.

Iota down over 50 percent, a lot of on paper wealth being wiped out today.

 

[SirDrago]

XRP hasn’t given as much back as the others as of right now, smaller coins might provide higher returns on a bounce.

BTC is not looking like an 800 lb gorilla right now.

Lots of people were holding looking for the $40,50,100k predicted, it’s not holding up as thought, keeps going lower, and lower, those whales are cashing out. This is not the retail buyers holding 1 or a few coins selling, big money pushing this down. Taking everything with it.

I'm long on XRP, ETH, IOTA
Smaller coins ill grab once this 800lbs gorilla sits down. Lmao
I saw one of those whales sell 583 BTC 4 times last night. (Cryptowat.ch)

 

[wwwweb]

I'm long on XRP, ETH, IOTA
Smaller coins ill grab once this 800lbs gorilla sits down. Lmao
I saw one of those whales sell 583 BTC 4 times last night. (Cryptowat.ch)

I have always liked xrp for it’s actual use, right now 30-60% corrections across the board.

BTC is nothing but downticks.

Very tempting, but it is has to much pressure on the downside, like someone opened the floodgates.

 

[SirDrago]

During our convo here...

 

[wwwweb]

During our convo here...

Show attachment 75932

Yes, stop losses, margin calls, 1929 for the crypto space.

If broke into $10’s, without a sweat. A quick bounce to 11’s, but selling pressure is sill dominating.

 

[xynames]

I'm long on XRP, ETH, IOTA

I always did say you were lying about still holding btc.

 

[SirDrago]

Messed up that "They" decide to dump right before Xmas.
I truly feel for those who actually mortgaged their homes to buy a magic coin.

 

[wwwweb]

$10’s were the oversold bounce back, buyers seeing value now.

 

[wwwweb]

Messed up that "They" decide to dump right before Xmas.
I truly feel for those who actually mortgaged their homes to buy a magic coin.

Mortgage is insane, I can see people dipping into credit cards, and lines of credit.

Many people actually made money, the goal was to always close out your trades. BTC not to worried about, it still works in the digital, and domain space, some of those smaller coins were to rich on big promises. I think this is very healthy, litecoin was 70’s earlier this month, people are still up, but no good thing lasts forever.

There is still money to be made, they will run these up again, and rinse, and repeat.

I’m sure coinbase is going to have a great fee day in revenues earned today.

 

[SirDrago]

There is still money to be made, they will run these up again, and rinse, and repeat.

Tons of money to be made on the way up with alts. Isn't it a miracle that Coinbase hasn't crashed yet?

 

[wwwweb]

Tons of money to be made on the way up with alts. Isn't it a miracle that Coinbase hasn't crashed yet?

Traders live for days like this, it was getting very rich, we have many companies that went from being billionaires to millionaires again, what is the low on the day you are seeing on iota?

REP is an early one I did well with, got out earlier than I should, but still 60 percent higher than today’s price.

BTC has that psychological base at $10k, that it has willing buyers. They walked it down from 11’s quicker than I thought, but it bounced to $12k as limit orders that didn’t get filled, probably changed to market orders by people trying to chase it.

Market is just recalculating, and forming new bases. ThIng about coins is there is no lockout period for insiders, I’m sure many founders will still have a good Christmas.

 

[SirDrago]

IOTA at $2.85 is a "fair" buy but that's my long hold. If you're looking for quick flip its not the coin for you.

 

[NameOmnia]

BTC was a path opener. Many made a ton of money but those were "early adopters" the ones who always make money in a bell curve.

I believe in cryptocurrency as an alternative to fiat currency, not as a highly speculative form of investment.

Like I said in other circumstances I feel for those who fell in the trap of getting rich quickly.

 

[Silentptnr]

bitcoin barely holding at 12k.

 

[xynames]

Well it does parallel December 1998, where stocks really crashed. I was just a pup then, first experiences with the stock market, but even with the drops in December 1998, I held on and enjoyed massive gains in 1999.

Then I actually sold everything right in very early 2000, not because I was smart but because I had a business opportunity to buy a business that I could not pass up. I didn't get back into the stock market for a few years.

So what I am predicting is that 2018, will be a banner year for cryptos, after this rough December 2017.

Obviously looking back I wish I had sold at 19K and rebought at 11K, but what is done is done. Now we hope to go above $20K for btc in 2018.

The thing is...if I were the type to dump on every dip, I'd also have been the type to never have held long enough - five years now almost for my first coins - to get here in the first place.

 

[Silentptnr]

Really hard to predict these swings. I just have to look away for a bit.

 

[NameOmnia]

It still appalls me to see how people don't realize that cryptocurrencies were never intended as an investment but indeed as a currency to buy/sell "things" with.

They are destined to end up the way they were intended in the first place or to disappear ( many will )...so be happy for what you have gained and get out if it whilst you can...remember Chinese domains? This will dwarf that bubble and make those losses pale.

 

[xynames]

It's easy to forget that at one point it peaked at $1000. then dropped to $200s. And then what happened?

 

[SirDrago]

It still appalls me to see how people don't realize that cryptocurrencies were never intended as an investment but indeed as a currency to buy/sell "things" with.

They are destined to end up the way they were intended in the first place or to disappear ( many will )...so be happy for what you have gained and get out if it whilst you can...remember Chinese domains? This will dwarf that bubble and make those losses pale.

And the people who bought into the "50K per BTC" hype are left holding a bag of coal for xmas!

 

[Silentptnr]

I peeked...moving positive direction now.

 

[NameOmnia]

It's easy to forget that at one point it peaked at $1000. then dropped to $200s. And then what happened?

That is not the point. The point is what I have shared in my previous posts,
Cryptocurrencies were created as currencies and as such will end. How and when no one knows

 

[xynames]

This saga is just getting started. Today is just one chapter in the book of crypto.