(Topic ID: 207699)

Cryptocurrency Investment Thread - No Haters Please

By Spyderturbo007

6 years ago


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  • Latest reply 3 years ago by Pdxmonkey
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    #13 6 years ago

    I must be getting old. I don't understand the whole using real money to purchase virtual land and stuff?

    That being said it will probably be a big success... for a while.

    #20 6 years ago
    Quoted from o-din:

    I invest in vaporware whenever possible.

    JPOP coin?

    #36 6 years ago
    Quoted from o-din:

    Well maybe you should have specified that then. Someone asked a question, and I gave a straight answer.
    And best thing is probably not to get bent out of shape when somebody posts a legitimate answer on an open forum. You are free to go start your own website anytime.

    You're answer was misleading and you know it. Crypto use is not all about the "dark web"...give us a break. Cash is still KING when it come to illegal usage.

    #54 6 years ago
    Quoted from XXVII:

    I think that Bitcoin (BTC) and Ethereum (ETH) are going to continue being solid choices for throwing money into for the foreseeable future. Ethereum will continue being the basis for many crypto-tokens to come, and based on what I’ve been learning about how the Lightning Network will operate, I believe Bitcoin will become a viable currency with reasonable fees and fast transaction times, and won’t be such a burden on the environment. If the Lightning Network is realized, I expect that Litecoin (LTC), all the Bitcoin forks, and other tokens whose primary benefits are speed vs. BTC are going to fade into obsolescence.
    As I said in the other thread, I expect a major crypto crackdown this year. We just saw BitConnect (BCC) get destroyed and the SEC has sent letters to other crypto groups to halt operations. I think there will be a big purge of tokens that don’t provide utility, merely make promises about future capabilities (like TRON (TRX) which had no product in development yet), or are designed as securities or stock alternatives in organizations. I also expect a ban on anonymous tokens like Monero (XRM) and ZenCash (ZEN) which could be used for illegal activities the way laypeople still think criminals use Bitcoin.
    My focus has been to try to pick longterm hold tokens that will provide inherent value to the networks they support, and are least likely to be obliterated by regulation. Here are the ones I’ve been investing into/watching and my thoughts on them:
    Airswap (AST) - Decentralized exchange like EtherDelta, but designed to correct ED’s limitations and flaws, and provide the necessities to bring in the big institutional money traders. AST is locked to perform trades in the Airswap marketplace, so there are no fees in transactions, but there is Proof-of-Stake value in holding the tokens. This token’s market cap hasn’t reached the Top 100 list yet so there’s still potentially a lot of room to grow.
    Jibrel (JNT) - Just completed its ICO recently (US excluded) and is going to be tradable on Feb 1st. It’s like Tether (USDT), except legitimate. Actually, Jibrel is a platform to tie traditional fiat to crypto. JNT itself is used as a Proof-of-Solvency, which is just a fancy smart contract to tether an asset like gold or fiat to what they call CryptoDepository Receipts (CryDRs). In the beginning, they are going to provide USD and KRW equivalents. Ultimately, JNT-based CryDRs may become the de facto crypto that you will buy to pair-trade for other currencies in the future rather than BTC, ETH, or LTC. They will also act as a safe-haven token that you will be able to convert your crypto into when you want to maintain its value in periods of instability, reducing the crypto market’s volatility. This is how Tether prevented a big crash this week, except if people were to attempt to cash out their USDT to USD all at once, Tether would be exposed for the fraud it is; JNT-based tokens will actually have that value backing them. JNT’s value would go up as more assets are used as backing sources in CryDRs.
    Dragonchain (DRGN) - Originally developed in partnership with Disney Labs. It is designed to be a new blockchain like Ethereum. An entire ecosystem is being developed around DRGN including support for operating ICOs and smart contract development on Dragonchain’s network. DRGN is held to be able to participate on the network, and there’s a unique feature where the longer you hold the tokens (let them slumber), the greater you benefit on the network.
    ICON (ICX) - Korea’s answer to Ethereum. South Korea currently makes up something like 25% of all crypto activity, so their influence in the crypto space can’t be ignored. They are building something of a federated multi-blockchain smart contract system that will allow disparate industries to operate independent and specialized block chains that are still interoperable with each other. ICX is the standard pairing currency that allows trading one of its blockchain currencies for another.
    Stellar Lumens (XLM) - The big draw for this token in the immediate future is FairX, which is an exchange that will allow you to buy a wide assortment of crypto for fiat. It’s not exactly USD to crypto of your choice though; XLM is going to be an intermediary. FairX is going online in the next couple weeks.
    IOTA (IOTA) - I’m less enthusiastic about this coin than I was in the past, but I like the idea and think it could be major if the technical problems can be worked out or disproven. The crypto network is currently centralized to prevent being overpowered by a hostile entity before it grows so big that won’t be possible anymore, and it uses its own home-rolled crypto algorithm, which is a very big no-no in the crypto space. The design of the network is to be literally infinitely scalable and serve as a tamper-proof transmissions layer for machine-to-machine communication. The Internet of Things is supposed to be a multi trillion dollar market in just a couple years and IOTA and other IoT-specific cryptotokens like RaiBlocks (XRB) are poised to potentially make a fortune.
    ChainLink (LINK) - I believe ChainLink may be a sleeping giant. It solves the problem of connecting external information to the blockchain, like GPS location for a package being tracked through the blockchain. ChainLink is the middleware that provides this capability for the blockchain in a secure and trustless fashion. LINK tokens are used to power the network. When an application utilizes ChainLink to access information, nodes stake some of their LINK when they provide requested information. If the node’s answers are deemed invalid, the node loses the staked LINK, otherwise validly answered requests are rewarded LINK from the requester.

    What about NEO which is essentially the China version of Ethereum?

    #60 6 years ago
    Quoted from jwilson:

    I dunno, Litecoin is fairly stable and it's pretty fast and cheap - last transaction only cost me 5 cents vs. $30 for BTC. Seems to work okay.

    And it's looking more and more like the Lighting network is going to work. That will drop BTC fees below Litecoins and make transactions blazing fast.

    #65 6 years ago
    Quoted from guyincognito:

    Anyone know much about 'Tethers'?

    Jesus... you are obsessed with Tethers. You already know the answer because you posted it earlier. Unless you don't read your own links.

    #68 6 years ago
    Quoted from guyincognito:

    Are you saying it's a scam? If so, do you think the $1.9 Billion in USDT that is propping up the Bitcoin market will have a bigger effect on the cryptocurrency market when the scam finally collapses?
    http://fortune.com/2017/12/05/bitcoin-btc-price-usd-tether-limited-bitfinex/

    Yes & yes...from what I can tell. Will it be the end of crypto's? God no. It will likely be the end of that one exchange (granted a big one). And will cause another temporary market drop...probably a sizeable one. When will this happen? No one knows. Should I sell because of Tethers? No...not if I'm in long term. Just another wave in the crypto wild west.

    #75 6 years ago
    Quoted from flynnibus:

    Simple - same way they have combatted online gaming. Cripple their (legal) ability to work with credit cards and banks and combat sites. Make it hard to move money to/from US banking and you choke the ability to operate with US customers.

    Quoted from Yoski:

    The same way they track illegal financial transactions, child pornography, terrorism or any other nefarious activity on the internet. If it happens on the internet, the government can track it, block it and figure out the origin and target of the data package. The NSA employs over 20000 people and has essentially unlimited funds. Any activity that happens outside the internet becomes much harder to track, but the nature of any crypto-currency is that the transactions happen on the internet.

    It will get regulated...I don't think we will see it "shut down" (IMHO).

    #76 6 years ago
    Quoted from extraballingtmc:

    So if I have money on binance in usdt is it safe at all?

    For now...I wouldn't feel comfortable leaving it there though. No telling when this Tether wall will crumble. Might be years...might be next week...no idea.

    #79 6 years ago
    Quoted from extraballingtmc:

    Yeah I only do it when I want to jump out of something cuz I think it’s going to dip. Certainly not a long term thing. Hours or maybe a day.

    Moving crypto into Tethers and back again is not the issue. The issue will come to a head when people try to cash out of their Tethers...already starting to happen on that end. Small amounts...no problem...but try cashing out a few hundred thousand and see what happens. Should be zero issue if they where actually backed 1 with USD.

    #81 6 years ago
    Quoted from TigerLaw:

    Agreed. Congress's power to coin money is exclusive, under Article I, Section 10. I’ve heard people say cryptos aren’t “coined” so that exclusivity doesn’t apply, in my opinion those people have not had enough constitutional law training to see how courts interpret the constitution these days (as a living breathing document that is to be interpreted as broadly as possible to meet the modern age).
    I have no idea of the future of cryptos, but the exclusive right to coin currency being within the governments pervue would make me nervous as an investor. Kudoos to those people that are making money investing and/or mining. I’m happy for you guys and hope the good times continue to roll for all of you.

    Good points. Right now the SEC is treating them like an asset...like property or gold. I suppose that definition could change anytime though.

    2 weeks later
    #115 6 years ago
    Quoted from o-din:

    Looking at the graph, it's still got a ways to go. Rock bottom is the time to buy!

    It's already up quite a bit from its 24hr low.

    #120 6 years ago
    Quoted from o-din:

    Of course! The downward spiral is never a straight line. I look at the graph as a whole to see which way things are heading.

    We have no idea where things are heading...only where they are.

    1 week later
    #123 6 years ago
    Quoted from jwilson:

    Looks like the panic is over and things are slowly climbing again now that the frenzy is over.

    Yeah...so far so good...I'm still down about 26% from my peak. I see BTC finally broke through 10k (again). LTC has been leading the way though.

    2 months later
    #136 6 years ago

    I'm still in...haven't sold a thing...bought a little more at the bottom. Added a little NEO, WTC and ARK for further speculation.

    3 months later
    #151 5 years ago

    I'm still holding. Up, down, up, down...it's been fun. Win or lose it's been exciting to watch.

    9 months later
    #174 4 years ago

    Still holding (since 2017)

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