discuss The crypto market is going crazy!

JudgeMind · Sep 21, 2018

Today the crypto market is all hands on deck!!

Ripple (xrp) up over 60%
Litecoin, eth, EOS etc all up over 10% and climbing fast!!

Get your crypto domains up for sale!

Keith · Nov 20, 2018

MSN-Domains said:
Well documented Keith, I'm highly for blockchain. I was aware & invested since 2014

"Crypto" is another story of fake-market caps with founders like Rhett Creighton

I don't make the mistake of confusing the two

The issue is that blockchain tech companies primarily use crypto funds as their lifeline. So basically if you want to invest in iexec (Rlc) for example, you have to invest in the crypto market.

Look at this entire thing as a very young domain industry, because it is!

Keith · Nov 20, 2018

I wonder, does losing your life savings investing in domains make the domain market bad?

There are successful investors and there are those that fail. The investment itself is never the problem!

MSN-Domains · Nov 20, 2018

Keith said:
I wonder, does losing your life savings investing in domains make the domain market bad?

There are successful investors and there are those that fail. The investment itself is never the problem!

There is no context for good or bad. Blockchain is welcomed - participants in unregulated funding aka ICOs majority of them are blatant fraud.

That's all i'd say on the matter. No correlation to domains imo

~ The 34 Year Buzz!! · Nov 20, 2018

NYJimbo said:
.....

BTC is not going to recover, its just going to see-saw until it finds some kind of artificial support level and people will always be worrying....

BTC does not NEED to recover. There are ways to make honest, "almost limitless" profits even if BTC goes to ~$101 and stays there for a very long time. Also, just because "some fools" borrowed money to buy at $20K does not make the entire Crypto reality worthless.

Life is good either way.

Keith · Nov 20, 2018

MSN-Domains said:
There is no context for good or bad. Blockchain is welcomed - participants in unregulated funding aka ICOs majority of them are blatant fraud.

That's all i'd say on the matter. No correlation to domains imo

You can’t blame a fraud for your choice as an investor. That’s where doing your homework applies. It’s very much like buying domains.

.NJ · Nov 20, 2018

The main issue with crypto is that it evolved into a very immature audience for the last couple years. When you have young inexperienced people investing in pipe dreams, the wolves will come out to eat. Thats what we have had for the last year or so. Now there is some legitimacy to the whole crypto concept with blockchain technology ect. The gov't is fully aware of the future of crypto so they have taken the stance to make sure the process is conducted properly. So in turn what happens is exactly what we are seeing. This is a very, very good thing for the future of crypto. We will see MANY cryptos fall off the face of the earth within the next year or so, leaving the legit few ready to make some serious moves. Invest now with the right ones and there is some very serious profits to be made. You just have to be very, very patient....Give it another 3-5 years and you will be sitting very nicely.

~ The 34 Year Buzz!! · Nov 20, 2018

platey said:
What is the best crypto wallet to use and the best platform to buy crypto from

Allegedly the city founder of coinbase is now a billionaire as more people
Day trade cryptocurrency

What is the best crypto wallet to use....
There are very different answers depending on if you want convenience (combined with easily accepting payments), or "radical levels" of security.

...and the best platform to buy crypto from...
There are (again) very different answers depending on if you want convenience (fine for small amounts), or "peace of mind" (combined with "real-world hassles" similar to opening a brokerage account)

```````````````
Public Keys
````````````````
convenience - coinpayments.net is one example of a wallet + easily accept many altcoins and Bitcoin.

"radical levels" of security = Best Bitcoin Wallet Armory | Multi-Signature Cold Storage

platforms for purchase = Coinbase is safe // !!! FUN !! If you invest only TIME, and earn some Crypto, then casual trading on the unregulated exchanges can be really fun.

~ The 34 Year Buzz!! · Nov 20, 2018

Keith said:
Where am I? Already cashed out hundreds of thousands of dollars and hold the same amount in exchanges. It is what it is....

This is the same game as domains FYI....

Congrats on your success Keith.

This is the same game as domains FYI...
Yes, The same game...?
There are some amazing similarities.

NO!
Crypto and ICO's are much larger than the top 100 domain sales of this year.

MackieMesser · Nov 20, 2018

I'm down like 80-90%, but I never bought BTC since I felt it was too centralized, only other (at that time) promising coins/tokens. Some of them might still be successful in the long run while I expect some of them to fail and lose a significant amount of money. Yeah, I should have sold end of December...but no pain, no gain. It sucks really hard and impacts my life, but again, it was worth a try and there is still some hope. Lessons learned for the next thing.

There are some interesting projects that don't care about price and hype, but just about the idea (for example NAV, first to have a de-centralized community fund; very interesting concept). Some of them might be successful, but you might not see this in price.

MackieMesser · Nov 20, 2018

.NJ said:
The main issue with crypto is that it evolved into a very immature audience for the last couple years. When you have young inexperienced people investing in pipe dreams, the wolves will come out to eat. Thats what we have had for the last year or so. Now there is some legitimacy to the whole crypto concept with blockchain technology ect. The gov't is fully aware of the future of crypto so they have taken the stance to make sure the process is conducted properly. So in turn what happens is exactly what we are seeing. This is a very, very good thing for the future of crypto. We will see MANY cryptos fall off the face of the earth within the next year or so, leaving the legit few ready to make some serious moves. Invest now with the right ones and there is some very serious profits to be made. You just have to be very, very patient....Give it another 3-5 years and you will be sitting very nicely.

I think the same. I hope I bet on the right horses, but at least with one coin I'm quite confident.

Levi_charlz · Nov 20, 2018

This is why I support Cryptocurrencies

NYJimbo · Nov 20, 2018

BTC at $4300. LOL.

Keith · Nov 20, 2018

NYJimbo said:
BTC at $4300. LOL.

And Apple stock is $176. Should we assume they’re going out of business?

wormfood · Nov 20, 2018

platey · Nov 24, 2018

~ The 34 Year Buzz!! said:
What is the best crypto wallet to use....
There are very different answers depending on if you want convenience (combined with easily accepting payments), or "radical levels" of security.

...and the best platform to buy crypto from...
There are (again) very different answers depending on if you want convenience (fine for small amounts), or "peace of mind" (combined with "real-world hassles" similar to opening a brokerage account)

```````````````
Public Keys
````````````````
convenience - coinpayments.net is one example of a wallet + easily accept many altcoins and Bitcoin.

"radical levels" of security = Best Bitcoin Wallet Armory | Multi-Signature Cold Storage

platforms for purchase = Coinbase is safe // !!! FUN !! If you invest only TIME, and earn some Crypto, then casual trading on the unregulated exchanges can be really fun.

Great reply thanks

Many still haven't got a clue crypto exists and then there are those who know crypto exists but are unsure as to how to go about buying crypto etc and by the time these two categories of people actually find out about crypto and eventually start to buy crypto many billions will already have been made by the early investors in crypto etc

TestCase · Nov 24, 2018

platey said:
Great reply thanks

Many still haven't got a clue crypto exists and then there are those who know crypto exists but are unsure as to how to go about buying crypto etc and by the time these two categories of people actually find out about crypto and eventually start to buy crypto many billions will already have been made by the early investors in crypto etc

Seems to me that if the various crypto factions of the world would get together and improve the process for acquiring, using and securing cryptocurrency, then educate the public on how to get it and actually use it, those "billions" would be made a heck of a LOT sooner!

As it stands, it doesn't appear to be a straight forward process for the average man/woman/child on the street to acquire and use crypto in their everyday life. Until crypto hits some sort of critical mass (i.e. common usage), it will remain a highly speculative dream.

With everyone and their babysitter creating crypto, which ones(s) are going to be the standard and commonly accepted by most businesses?

Their are too many competing crypto options out there -- most of which are just going to go away/cease to exist leaving a very bad taste in people's mouths about crypto when they lose their money. Aside from the current (rollercoaster) "investment" appeal, what's in it for the common man/woman/child?

#WhatBenefitOrNeedDoesCryptoFillForTheCommonPerson
#WhichCryptoShouldIUse
#HowDoIGetCrypto
#HowDoIConvertCashToCrypto
#HowDoIConvertCryptoToCash
#HowDoIUseCryptoToBuySomething
#WhatBusinessesAcceptMyTypeOfCryptocurrency
#WhyIsCryptoNotUserFriendly
#WhereDidAllMyCryptoGo

platey · Nov 24, 2018

TestCase said:
Seems to me that if the various crypto factions of the world would get together and improve the process for acquiring, using and securing cryptocurrency, then educate the public on how to get it and actually use it, those "billions" would then be made a heck of a LOT sooner/quicker!

As it stands, it doesn't appear to be a straight forward process for the average man/woman/child on the street to acquire and use crypto in their everyday life. Until crypto hits some sort of critical mass (i.e. common usage), it will remain a highly speculative dream.

With everyone and their babysitter creating crypto, which ones(s) are going to be the standard and commonly accepted by most businesses?

Their are too many competing crypto options out there -- most of which are just going to go away/cease to exist leaving a very bad taste in people's mouths about crypto when they lose their money. Aside from the current (rollercoaster) "investment" appeal, what's in it for the common man/woman/child?

#WhichCryptoShouldIUse
#HowDoIGetCrypto
#HowDoIConvertCashToCrypto
#HowDoIConvertCryptoToCash
#HowDoIUseCryptoToBuySomething
#WhatBusinessesAcceptsMyTypeOfCryptocurrency
#WhyIsCryptoNotUserFriendlyMyCryptoGo

The powers that be should issue every person on earth 1 bitcoin each or the option to buy the equivalent amount in crypto currency to build their own crypto portfolio

Eg approx £3600 to every person on earth

It wouldn't cost much because it would offer the need for the powers that be to subsidise living costs etc as over tie their £3600 worth of free crypto would get those in financial difficulty out of financial difficulty and give them financial freedom

Levi_charlz · Nov 24, 2018

TestCase said:
Seems to me that if the various crypto factions of the world would get together and improve the process for acquiring, using and securing cryptocurrency, then educate the public on how to get it and actually use it, those "billions" would be made a heck of a LOT sooner!

As it stands, it doesn't appear to be a straight forward process for the average man/woman/child on the street to acquire and use crypto in their everyday life. Until crypto hits some sort of critical mass (i.e. common usage), it will remain a highly speculative dream.

With everyone and their babysitter creating crypto, which ones(s) are going to be the standard and commonly accepted by most businesses?

Their are too many competing crypto options out there -- most of which are just going to go away/cease to exist leaving a very bad taste in people's mouths about crypto when they lose their money. Aside from the current (rollercoaster) "investment" appeal, what's in it for the common man/woman/child?

#WhatBenefitOrNeedDoesCryptoFillForTheCommonPerson
#WhichCryptoShouldIUse
#HowDoIGetCrypto
#HowDoIConvertCashToCrypto
#HowDoIConvertCryptoToCash
#HowDoIUseCryptoToBuySomething
#WhatBusinessesAcceptMyTypeOfCryptocurrency
#WhyIsCryptoNotUserFriendly
#WhereDidAllMyCryptoGo

This is an interesting list.

Couldn’t be easier to get hold of Cryptocurrencies. In fact it’s much easier than opening a bank account in many respects. People just have an aversion to change.

There are several Crypto/Visa/Payment cards available with very user friendly Apps like Crypto.com (MCO) that are easy to open, easy to use and you can use the VISA on the high street too. (Just one example)

I believe you can hold Ripple, Bitcoin, Ethereum and their own Crypto.com (MCO) coin as well.

The Crypto community have a deep conviction on a long term basis regardless of the current price fluctuations. This tech is very much at the early adoption stage and mass adoption is just around the corner.

TestCase · Nov 24, 2018

Levi_charlz said:
Show attachment 103126

This is an interesting list.

Couldn’t be easier to get hold of Cryptocurrencies. In fact it’s much easier than opening a bank account in many respects. People just have an aversion to change.

There are several Crypto/Visa/Payment cards available with very user friendly Apps like Crypto.com (MCO) that are easy to open, easy to use and you can use the VISA on the high street too. (Just one example)

I believe you can hold Ripple, Bitcoin, Ethereum and their own Crypto.com (MCO) coin as well.

The Crypto community have a deep conviction on a long term basis regardless of the current price fluctuations. This tech is very much at the early adoption stage and mass adoption is just around the corner.

Interesting graphic.

I know quite a few people that are interested in "getting in to the crypto game" but until they can buy it at their local ATM or on Amazon and then readily use it where ever they want, they (myself included) aren't going try to figure out the process.

Though there may be the chance of a possible increase in value of the crypto while you hold it, what is the advantage of going through the process acquiring crypto for use in daily transactions?

Unless one is planning to purchase products and services on the dark web, what is the benefit of converting your money to crypto in order to then turn around and use it to buy something at a main stream business (MSB)? The VAST majority (99.9999999999%) of MSBs accept cash and/or credit card so why the need for crypto? What compelling need/purpose does crypto really fill?

And again, until most businesses accept the vast majority of all these various cryptocurrencies or businesses settle on a few standard ones that will be accepted by all, the everyday consumer will run in to the issue of having to maintain balances in multiple currencies depending on who they want to buy from and which cryptos those businesses accept.

I am the first to admit I don't get the cryptocurrency thing. I'm open minded and would love for someone to open my eyes to what I'm missing, but until I have that "Ah ha!" moment, to me crypto is just the latest iteration of the tulip fiasco or Beanie Baby craze all over again.

I do grasp the advantages and use of blockchain technology itself. It's the whole cryptocurrency thing for the average consumer that I don't get.

On a side note... I remember looking at Bitcoin back when it was in the $60 range and would have thrown a few hundred bucks at it (I'm a risk taker at heart), but it didn't seem worth the time, effort or hoops you had to jump through to acquire some. BOY was that the wrong call! LOL...

Levi_charlz · Nov 24, 2018

TestCase said:
Interesting graphic.

I know quite a few people that are interested in "getting in to the crypto game" but until they can buy it at their local ATM or on Amazon and then readily use it where ever they want, they (myself included) aren't going try to figure out the process.

Though there may be the chance of a possible increase in value of the crypto while you hold it, what is the advantage of going through the process acquiring crypto for use in daily transactions?

Unless one is planning to purchase products and services on the dark web, what is the benefit of converting your money to crypto in order to then turn around and use it to buy something at a main stream business (MSB)? The VAST majority (99.9999999999%) of MSBs accept cash and/or credit card so why the need for crypto? What compelling need/purpose does crypto really fill?

And again, until most businesses accept the vast majority of all these various cryptocurrencies or businesses settle on a few standard ones that will be accepted by all, the everyday consumer will run in to the issue of having to maintain balances in multiple currencies depending on who they want to buy from and which cryptos those businesses accept.

I am the first to admit I don't get the cryptocurrency thing. I'm open minded and would love for someone to open my eyes to what I'm missing, but until I have that "Ah ha!" moment, to me crypto is just the latest iteration of the tulip fiasco or Beanie Baby craze all over again.

I do grasp the advantages and use of blockchain technology itself. It's the whole cryptocurrency thing for the average consumer that I don't get.

On a side note... I remember looking at Bitcoin back when it was in the $60 range and would have thrown a few hundred bucks at it (I'm a risk taker at heart), but it didn't seem worth the time, effort or hoops you had to jump through to acquire some. BOY was that the wrong call! LOL...

I don’t do financial advice but to not diversify your interests in these times would be unwise.

Traditional assets are taking a beating:

- Oil down 30% in 7 weeks

- FAANGs down 20-40% from ATH

- DOW had worst Thanksgiving week since 2011

Another recession may or may not be coming.

On the other hand Bitcoin has been the best performing asset over the last 10 years. Beat the S&P 500 and every other asset/index.

alcy · Nov 24, 2018

wow ...... bch below $200....

looks like btc will be under 4k soon

and possibly eth under 100$

trx... I don't wanna talk about it.

NYJimbo · Nov 24, 2018

3,890

alcy · Nov 24, 2018

weird.. looks like my stupid chrome plugin can't even keep up with realtime

BTC $4,032.4572 -6.21%
ETH $116.0705 -4.58%
BCH $192.6228 -5.25%
LTC $29.9140 -5.35%
ADA $0.0391 -8.53%
TRX $0.0128 -5.58%

NYJimbo · Nov 24, 2018

People bought Spoondoolies new mining machines a few weeks ago for $15,000
Price has been cut this week to $10,000 because things are so bad.

It takes TWO YEARS to break even on one. Why would anyone buy one now ?

NYJimbo · Nov 24, 2018

3,669 ... not even funny at this point.

discuss The crypto market is going crazy!

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