12-20-2017, 08:16 AM
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#141
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Had an idea!
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Quote:
Originally Posted by Hockeyguy15
So what countries don’t have established banking systems, but has every person walking around with a cell phone?
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Everyone not in a 1st world country?
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12-20-2017, 08:17 AM
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#142
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Had an idea!
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Coinbase added Bitcoin Cash as well resulting in a big jump.
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12-20-2017, 09:42 AM
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#143
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Powerplay Quarterback
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Bitcoin cash jumped because a major bitcoin investor is doing a pump and dump scam, and everyone is falling for it hook line and sinker. At the same time crashing the price of bitcoin to double dip in the scam.
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Last edited by Krovikan; 12-20-2017 at 09:45 AM.
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12-20-2017, 12:25 PM
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#144
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Our Jessica Fletcher
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Anyone considering putting down $100 on a bunch of the more obscure cryptocurrencies, and just letting in ride?
I'm talking the ones that are worth $.0001 USD. I'm totally unfamiliar with it all though and don't even know how or where you'd by those currencies, as from what I understand, they're not available on the popular platforms.
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12-20-2017, 12:54 PM
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#145
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Powerplay Quarterback
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Quote:
Originally Posted by The Fonz
Anyone considering putting down $100 on a bunch of the more obscure cryptocurrencies, and just letting in ride?
I'm talking the ones that are worth $.0001 USD. I'm totally unfamiliar with it all though and don't even know how or where you'd by those currencies, as from what I understand, they're not available on the popular platforms.
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Go play a slot machine, you have a better chance. Most of those currencies are probably dead. You need to find a reason to invest in the currency, what does a platform do that Bitcoin or Ethereum aren't. Why is the currency going to succeed? Why is the value going to go up? What does that increase in value look like? What is your plan for getting out? All these questions should be answered before you blindly invest money in a coin.
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12-20-2017, 01:06 PM
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#146
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Our Jessica Fletcher
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I wasn't looking at it as an investment, but purely as gambling, exactly the same as a slot machine.
Throw $100 into half a dozen of them, and hope that the hype surrounding cryptocurrencies causes the value of 1 or more of them to spike out of control.
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12-20-2017, 01:19 PM
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#147
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Powerplay Quarterback
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Quote:
Originally Posted by The Fonz
I wasn't looking at it as an investment, but purely as gambling, exactly the same as a slot machine.
Throw $100 into half a dozen of them, and hope that the hype surrounding cryptocurrencies causes the value of 1 or more of them to spike out of control.
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Maintaining those wallets would be a pain unless you're investing in tokens and not coins. As I mentioned most of these currencies are dead or have so many coins/tokens distributed that the value will never spike.
Currently, I own Eth, Storj, Sia, Burst, Fin, and Nom. I am selling the Sia, Storj, and Burst though. I am currently looking at IOTA and Stellar for potential purchase.
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Last edited by Krovikan; 12-20-2017 at 01:24 PM.
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12-20-2017, 01:28 PM
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#148
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Our Jessica Fletcher
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What is it about IOTA and Stellar that attracts you?
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12-20-2017, 01:37 PM
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#149
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Powerplay Quarterback
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Quote:
Originally Posted by The Fonz
What is it about IOTA and Stellar that attracts you?
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3rd generation coins that look like they can improve on what Ethereum has done. Faster transaction times, I worry that IOTA may jam up its own network though.
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12-21-2017, 08:34 AM
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#151
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Crash and Bang Winger
Join Date: Feb 2012
Location: Calgary
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Quote:
Originally Posted by The Fonz
I wasn't looking at it as an investment, but purely as gambling, exactly the same as a slot machine.
Throw $100 into half a dozen of them, and hope that the hype surrounding cryptocurrencies causes the value of 1 or more of them to spike out of control.
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You could definitely do this, as long as you're comfortable with the risk.
You could sign up to Coinbase, or QuadrigaCX to purchase your BTC. Then hop over to an AltCoin trading platform like Bittrex or Binance, and start moving your BTC into various coins.
If you don't want to manage the wallets on your PC, you could keep them on the exchange, but there is definitely a risk in that too. Countless stories of exchanges being hacked, and people losing all their coins/tokens. It's a fun game to play, high risk, high reward. So if you're cool with that, go nuts and have fun!
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12-21-2017, 08:57 AM
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#152
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Crash and Bang Winger
Join Date: Apr 2006
Location: Calgary, AB
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Definitely take the extra step and manage your own wallets/keys off the exchange. If you don't control the keys, it's not really yours.
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12-21-2017, 09:06 AM
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#153
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NOT breaking news
Join Date: Jan 2007
Location: Calgary
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Dogecoin any good? got a bunch and it's gone up a bit, might even break $0.01 soon 
__________________
Watching the Oilers defend is like watching fire engines frantically rushing to the wrong fire
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12-21-2017, 12:03 PM
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#154
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First Line Centre
Join Date: Oct 2001
Location: The centre of everything
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I was playing around a bit in ETH and BTC and sold them out on Monday and transferred it all over to Binance. I agree on the previous comments on IOTA.
I rolled into WTC (RFID tech), POE (digital media), IOTA, and took a flyer on ELF. I'm not sold on the currency aspect of crypto coins, but I love the blockchain aspect. POE got taken to the cleaners yesterday and seemed like a great entry point. WTC and IOTA are a bit more stable.
The thing that gets me right now is the fees if you're not doing anything reasonable for investment size on the exchanges. I started at $1500 and its not cheap buying/selling in small lots.
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12-21-2017, 08:33 PM
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#155
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In Your MCP
Join Date: Apr 2004
Location: Watching Hot Dog Hans
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Well I cashed out a few days ago, and I seriously can't believe what I'm seeing (cryptos are all falling). If it all craters I might go to wizard school to develop my newfound ESP powers.
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12-21-2017, 08:35 PM
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#156
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Franchise Player
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The cyptpocolypse
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12-22-2017, 10:21 AM
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#157
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First Line Centre
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It's weird. I don't know how anyone could have seen this coming.
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12-22-2017, 10:53 AM
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#159
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Powerplay Quarterback
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This really isn't a crash, this isn't the first double-digit pullback this year or even the biggest. This is like setting your RRSPs to aggressive you can't fret the small losses. And yes this is a small loss, even with losing 25% overnight I am still up over 50% in the last month on my investments... Correction, set your RRSPs to OMG are you f'n insane is probably the real level of risk on cryptocurrency.
I also don't understand why anyone would ever leverage their home for cryptocurrency or any investment. Make sure what you invest you can lose is generally my guiding principle in investing.
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12-22-2017, 12:04 PM
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#160
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Franchise Player
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Quote:
Originally Posted by chemgear
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Probably fake..but all the morons and fear mongerers can pull out.
Crash lol... Bitcoin was $2000 in May
__________________
GFG
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