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?

 

[xynames]

No one may predict when or why people get spooked...beginning of 2016, when the Chinese economy was supposedly shrinking, June 2016, when the Brexit vote went the wrong way, the night that Grump was elected and stock futures crashed - but in each case markets have come back stronger, including for stocks that have negative -EPS and are "valueless" as crypto.

 

[wwwweb]

All my buys this morning have gone GREEN on the day now, going to take the profit. Many traders did very well, just buying/selling since morning, I just bought as bitcoin went into $10K, and took everything down with it, everything has recovered a bit since morning.

 

[xynames]

No one goes broke taking a profit but it’s the short termers who might get stuck and lose in crypto not the long termers. Or at best the short termers are going to pick up pennies and miss out on dollars.

 

[wwwweb]

No one goes broke taking a profit but it’s the short termers who might get stuck and lose in crypto not the long termers. Or at best the short termers are going to pick up pennies and miss out on dollars.

No, I am long BTC ETH XRP IOT, REP

Picked up some early trades, as I had a feeling BTC would rebound quick at $10K range, as I spoke to many people who on the last run upto $20K, they said I wish BTC was at $10K again, I would buy it, so I felt if it touched at $10K, the money would flow, and the rest of the market would bounce with it, which it has.

There is a lot going on behind the scenes, many ICO's, quite the crowded space, but there is still a lot of money flowing, so it is all good.

I am just working with free shares now, so I am not concerned, if I see weakness I will sell a % of my positions, and if they go higher, that is fine, I am content, the stock market has taught me a lot about chasing, and when to take profits off the table, and not looking back.

I got a Godaddy Buy Domains Broker offer on a COIN domain today for $2,500, Countered back with 10x that, see what happens. A half dozen price requests at afternic this week also. Another structure offer for a cash/equity deal, will play it from that angle.

 

[xynames]

I countered at $7500 on a very short coin domain of mine did not hear back. But it could still sell to someone else. Had mine for a while though wasn’t purchased for crypto reasons.

 

[wwwweb]

I countered at $7500 on a very short coin domain of mine did not hear back. But it could still sell to someone else. Had mine for a while though wasn’t purchased for crypto reasons.

If you don't ask, nobody will ever offer, it is fast moving, if the domain is of quality, it should move.

After holding all these years, now is not the time to give them away, but always good to sell into the hype as long as you capitalize on that hype.

 

[LarryDomain]

Just liquidated all my Bitcoin cash purchases from this am at under 2k.. Will use funds to buy more domain names

 

[wwwweb]

Just liquidated all my Bitcoin cash purchases from this am at under 2k.. Will use funds to buy more domain names

I think we are going to see a sell of going into the close today, traders, and profit seekers closing out before holidays, unless they weren't already liquidated this morning.

 

[xynames]

What time is “the close”?

 

[Silentptnr]

A very interesting read...

http://thehill.com/opinion/finance/364306-bitcoin-is-a-ponzi-scheme-and-it-will-collapse-like-one

 

[xynames]

I’ve read similar but in a Ponzi scheme first of all in the end only the one who devised the scheme - the originator - is guaranteed to make out. Very few along the way benefit, often - none. And all along the way the originator is pocketing as much as he can.

Also there’s no way to sell whatever - the shares - or anything in the ponzi to anyone no way to cash out or even collect unless the originator consents.

With btc the guy who supposedly invented it apparently hasn’t even cashed out any at all, hasn’t benefited. It is a very sophisticated secure ongoing algorithmic based currency that grows of itself until its limit is reached. And along the way many many many have benefited not just one or a few. At any time one may cash out. Many merchants and tradesman - domainers included - accept it for cash. And, while a Ponzi scam is destined to fail bitcoin is not.

Also a Ponzi scam is unlimited - limited only by how much money the originator may scam into it. Which is why we have million dollars ponzis and billion dollar ones and everything in between. No set limit on a Ponzi no final maturity. Btc is limited to 21m coins.

There are other differences too.

 

[wwwweb]

I’ve read similar but in a Ponzi scheme first of all in the end only the one who devised the scheme - the originator - is guaranteed to make out. Very few along the way benefit, often - none. And all along the way the originator is pocketing as much as he can.

Also there’s no way to sell whatever - the shares - or anything in the ponzi to anyone no way to cash out or even collect unless the originator consents.

With btc the guy who supposedly invented it apparently hasn’t even cashed out any at all, hasn’t benefited. It is a very sophisticated secure ongoing algorithmic based currency that grows of itself until its limit is reached. And along the way many many many have benefited not just one or a few. At any time one may cash out. Many merchants and tradesman - domainers included - accept it for cash. And, while a Ponzi scam is destined to fail bitcoin is not.

Also a Ponzi scam is unlimited - limited only by how much money the originator may scam into it. Which is why we have million dollars ponzis and billion dollar ones and everything in between. No set limit on a Ponzi no final maturity. Btc is limited to 21m coins.

There are other differences too.

I mean BTC 21M target is not even true, I can't remember what is in Satoshi's wallet which ha never been touched, and if it ever was, now would be the time. As well as how many bitcoins are sitting in garbage dumps, and bad hardrives that number is much small.

The BitcoinCash guys are making a lot of noise, I am not sure what their focus is, but it seems many larger holders are using the option strategy to exit their positions, I have always believed the value of a coin represents it's function, and there are lots of grumblings that bitcoin transactions are taking way to long, and costing way to much, it's 2011 technology.

I don't know if large stake holders, are just filling the gaps with the retail buying, who are not users, but simply chasing projections. When I do a transaction, I want instant send/receive, and close out, and I don't want to pay hefty fees. If Bitcoin cannot accomplish this, then fine can it be a holding coin, much like gold, but then what function does it serve in actual use other than a shiny token?

FYI I still hold bitcoin, I am just thinking out loud, and trying to understand where we go from this. maybe the best play here is a short position in pypl.

 

[MackieMesser]

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

There are some quite promising altcoins that have a strong team and interesting technology behind it. My favorite currently is NavCoin. I think this might in future be what Bitcoin was supposed to be.

 

[xynames]

<<I mean BTC 21M target is not even true>>

How is it not true? It is an absolute limit mathematically by the current algorithm that creates BTC.

"In fact, there are only 21 million Bitcoins that can be mined in total. Once miners have unlocked this many Bitcoins, the planet's supply will essentially be tapped out, unless Bitcoin's protocol is changed to allow for a larger supply."

As far as the large stake holders, as I've mentioned before we have people like Carl Icahn who dumped over a millions shares of NFLX at one moment and crashed the price from over 700 to as low as 620, but NFLX recovered to eventually go to an adjusted (post split) over 1300. I've held NFLX for coming on 7 years now.

And right now for example big daddy Buffett owns 700 million shares of BAC, which I've also hold a LOT of BAC shares (but nowhere near what Buffet has) for coming on 7 years now.

There was actually a rumor yesterday that someone had dumped 400K BTC ($680,000,000. worth) which was the reason for yesterday's dip. But we're already slowly recovering.

I see BTC rising from here but some of the others like XRP have serious issues with their processing and also I think the XRP limit is something 37 billion (with something like 20 billion in the hands of its founders) which makes it unlikely that it could rise all that much in the long run with that many coins available. And then you have IOTA which rose on a bogus claim that MSFT was partnering with it, then fell when the rumor was revealed to be hogwash, and eventually came back up anyway. That is sheer momentum hype with no rime or reason to it. No merchant yet is accepting XRP or IOTA. Just random thoughts, I don't put much thought into the alt coins because I do not hold them and don't care about them (yet). If I ever acquire any alts I will investigate more closely.

The vast majority of the alts will not make it, and the vast majority of alts have already failed. With the newcomer alts it's the equivalent of gambling with penny stocks.

But rich people don't buy penny stocks. They just don't. Why not? Because they're too smart, that's why not.


Holding only BTC and the free BCH they gave me. Between the two my account is stable and sky high.

 

[Silentptnr]

Maybe it would be better if more small investors buy in than large investors?

 

[xynames]

Well, for example when I accepted the $10.6K USD from a client few weeks ago when BTC was at about 9500, and held it, that was probably a pretty big incoming transaction for selling something, and I'm still holding it. The fact that I have so many more coins is a product of that it was under 1000 for almost all of my other incoming coins, but I think accepting and holding an entire bitcoin at the current prices is a large enough investment for the average new investor.

I guess it depends on what is small what is big. You may get one share of BAC for $29. but one share of GOOGL or AMZN will cost you over a grand.

 

[SirDrago]

There are some quite promising altcoins that have a strong team and interesting technology behind it. My favorite currently is NavCoin. I think this might in future be what Bitcoin was supposed to be.

Making a killing since last night with alts, EMC2,DGB,SC etc...

I don't care" who is behind the company" or "what's its purpose" is I'm just in and out with these. My holds have been mentioned before in this thread.
P.S Interesting pic/memes i found concerning the creator of BTC lol

 

[xynames]

Well who knows where one gains one's moniker. Mine is xynames. Yours is SirDrago. Does it have to mean something? or reflect some Illuminati analyzed source?

<<I don't care" who is behind the company" or "what's its purpose" is I'm just in and out with these.>> Now if I start hearing too much of that kind of thinking, it may mean that the alts are about to crash. Such as when internet stocks got to the point that shit.com went up 1000% a day. That was when the end (of that run) was near. The biggies like AMZN (or bitcoin) came back from the abyss. The crapola like many of the alts, might not.

Trading crapola especially, but day trading period, there is always that risk you'll end up losing big and wiping out all your little scurried gains, because you try to close out quickly and are unable or unwilling to hold. Which is part of why 90% of day traders lose money in the long run.

 

[wwwweb]

<<I mean BTC 21M target is not even true>>

How is it not true? It is an absolute limit mathematically by the current algorithm that creates BTC.

"In fact, there are only 21 million Bitcoins that can be mined in total. Once miners have unlocked this many Bitcoins, the planet's supply will essentially be tapped out, unless Bitcoin's protocol is changed to allow for a larger supply."

As far as the large stake holders, as I've mentioned before we have people like Carl Icahn who dumped over a millions shares of NFLX at one moment and crashed the price from over 700 to as low as 620, but NFLX recovered to eventually go to an adjusted (post split) over 1300. I've held NFLX for coming on 7 years now.

And right now for example big daddy Buffett owns 700 million shares of BAC, which I've also hold a LOT of BAC shares (but nowhere near what Buffet has) for coming on 7 years now.

There was actually a rumor yesterday that someone had dumped 400K BTC ($680,000,000. worth) which was the reason for yesterday's dip. But we're already slowly recovering.

I see BTC rising from here but some of the others like XRP have serious issues with their processing and also I think the XRP limit is something 37 billion (with something like 20 billion in the hands of its founders) which makes it unlikely that it could rise all that much in the long run with that many coins available. And then you have IOTA which rose on a bogus claim that MSFT was partnering with it, then fell when the rumor was revealed to be hogwash, and eventually came back up anyway. That is sheer momentum hype with no rime or reason to it. No merchant yet is accepting XRP or IOTA. Just random thoughts, I don't put much thought into the alt coins because I do not hold them and don't care about them (yet). If I ever acquire any alts I will investigate more closely.

The vast majority of the alts will not make it, and the vast majority of alts have already failed. With the newcomer alts it's the equivalent of gambling with penny stocks.

But rich people don't buy penny stocks. They just don't. Why not? Because they're too smart, that's why not.


Holding only BTC and the free BCH they gave me. Between the two my account is stable and sky high.

I am assuming the ones in the founders wallet will never be touched, and all the coins that have been lost to bad data. Which makes the available coins out there even less, as from what I understand recovery is impossible.

I don’t see BTC rising, until the smoke clears, there are just to many alt coins that are promising bigger solutions. Most people don’t even trade bitcoin anymore just based on the spreads being to rich.

BTC and BCH are competing products, they are essentially the same thing, one is much quicker. From what I know it’s the same coding, and smaller data size, the free coins were just an incentive to shift the function from one to the other. The backers were diehards who came to understand bitcoin was not going to be the instant payment solution like, tap and go, that most retailers, or transactors require.

I am trying to understand bitcoins function, other than first to market, and a household name. The truth is it’s slow, and few heavy, where do we go from this, are the people who are holding the ones being sold $100k projections, and the ones they are buying it from are the grandfathered holders who are set for life. I mean if you have a couple thousand coins in your account your not waiting for $40k, you are looking for a way to exit without dropping the price.

Now that wall street is in on it, there will be head fakes, and run ups, and dives, let’s see how much they can manipulate something they don’t understand.

If you follow the icos you will see there is no slowdown of alt coins coming to market, there will be a crash one day, just not yet, it will take a monumental amount of tulip fever before we get there, but it will happen much like 1929 1999 and 2008

Until then sell your domains for high, trade, and exit your positions, and lock in those profits into safer sectors.

I have noticed coins with KYC rules tend to do worse than ones that’s don’t require it, what I learned from domains is maybe see what the Chinese are backing, and they will run it hard, but be prepared to get out before they do.

 

[Jasonn]

If i had an extra 40 or 50k sitting around and the time to do it I'd buy and sell all day long though it seems not as easy as it looks. When it drops it seems hard to sell with exchanges going offline, huge delays, etc.. Eventually chances are you'll get stuck with it and lose something but if you can make 2-5k a day buying and selling over and over again its a pretty sweet gig.

 

[wwwweb]

If i had an extra 40 or 50k sitting around and the time to do it I'd buy and sell all day long though it seems not as easy as it looks. When it drops it seems hard to sell with exchanges going offline, huge delays, etc.. Eventually chances are you'll get stuck with it and lose something but if you can make 2-5k a day buying and selling over and over again its a pretty sweet gig.

Right now with trading it is really hard to cover the spreads, many times when I take a position I am down $1-2k right away. Luckily the prices move quickly, and with enough powder you can kind of get a trading feel, sure they go up, then fall back, but it is just the same tennis match all day. When the knife drops though, you have to be careful not to get caught holding to much. XRP was a great trade last week.

 

[LarryDomain]

People with 100 times more resources than you and 100 times better info than you will wipe that 50k away from your account. Little people with 50k do not stand a chance at making 2-3k on a regular basis. You are better off going to a casino.. the odds are better for you.

If i had an extra 40 or 50k sitting around and the time to do it I'd buy and sell all day long though it seems not as easy as it looks. When it drops it seems hard to sell with exchanges going offline, huge delays, etc.. Eventually chances are you'll get stuck with it and lose something but if you can make 2-5k a day buying and selling over and over again its a pretty sweet gig.

 

[wwwweb]

People with 100 times more resources than you and 100 times better info than you will wipe that 50k away from your account. Little people with 50k do not stand a chance at making 2-3k on a regular basis. You are better off going to a casino.. the odds are better for you.

Casino maybe if you play blackjack, or baccarat, but I feel crypto currency is still a better bet, but you are right backers who think $50k is petty cash will cause disruption, but if you take the time to understand the backers, floats, and trends you can make money. I think the biggest threat right now is those founder coins, and insiders who will have alot of free inventory which is essentially a golden parachute.

 

[SirDrago]

but if you can make 2-5k a day buying and selling over and over again its a pretty sweet gig.

I set my bot to buy and sell in $500 De/increments, working like a champ since early this morning. Has me nervous tho as I'm use to doing everything manually.

 

[Silentptnr]

Tax-Free Bitcoin-to-Ether Trading in U.S. to End Under GOP Plan
https://finance.yahoo.com/news/tax-free-bitcoin-ether-trading-090000442.html

"New limits in the bill would bar cryptocurrency owners from deferring capital gains taxes when trading one type of virtual currency for another -- effectively closing a gray area in the tax code, experts say.

Those gains can be considerable. Bitcoin, which had an initial price of less than 1 cent when it first traded in 2010, was around $1,000 as 2017 began and surpassed $19,000 this week, at least briefly, before paring some of the gains. Many enthusiasts jump between bitcoin and a long list of similarly volatile competitors, such as ether.


For investors who hold the virtual currencies, “the bill is bad news,” said Kelsey Lemaster, a tax attorney with Goodwin Procter LLP. “Every time you trade one digital currency for another, one token for another, it’s going to be a taxable event...."