Author Topic: Cryptocurrency Master Thread (Read 221990 times)

The Big Train · « **Reply #1000 on:** February 01, 2018, 12:45:12 PM »

A little over two months ago if you said the prices would be where they are right now after this correction, I would have called you crazy. The exponential increase since Thanksgivingish when the market was flooded with inexperienced traders is a big part of the reason this is happening. The craze and potential for a perceived get rich quick because it's never going to stop going up is settling in. These prices have been way over what most of these coins should be worth. This shakeout will be great long term but sucks for new people within the past few months.

The Big Train · « **Reply #1001 on:** February 01, 2018, 12:48:37 PM »

Quote from: XocolateThundarr on February 01, 2018, 11:09:25 AM

I'm intrigued at how the prices for coins stabilize across different exchanges. I guess if the price on one exchange skyrockets, then the money will flow to that exchange and the price will normalize to where it is on other ones. I see a lot of people talking about how because a coin is listed on a new exchange, the price should increase. Seems to me that it would be a short term increase on that exchange and then it will fall back down to where the rest of the market is.

In the meantime, I'm just sitting here a on a bag of TRX waiting on the mainnet launch and the coin burn.

It is very interesting. Cross exchange high speed trading helps keep the markets somewhat close but the people doing it are still making an absurd amount of money. You've got the right idea on all of this stuff too.

The Big Train · « **Reply #1002 on:** February 02, 2018, 07:04:02 AM »

Wow! Should have put buys at $105!

The Big Train · « **Reply #1003 on:** February 02, 2018, 10:37:16 AM »

https://twitter.com/lopp/status/959430313352065027

CHONGS · « **Reply #1004 on:** February 02, 2018, 03:26:26 PM »

https://www.nowinstock.net/computers/videocards/nvidia/gtx1080ti/

chum1 · « **Reply #1005 on:** February 03, 2018, 12:03:37 PM »

chum1 · « **Reply #1006 on:** February 03, 2018, 07:57:37 PM »

Good enough for me.

Quote

Your bitcoin holdings aren’t taxable (at least not yet), but any time you sold bitcoin or used it to buy something, you were accruing taxable income.

https://www.theverge.com/2018/1/29/16928768/cryptocurrency-bitcoin-how-to-file-taxes-2018-return-compliance-irs

The Big Train · « **Reply #1007 on:** February 04, 2018, 11:55:44 AM »

https://www.cnbc.com/2018/02/02/jpmorgan-chase-bank-of-america-bar-bitcoin-buys-with-a-credit-card.html

8manpick · « **Reply #1008 on:** February 04, 2018, 12:00:47 PM »

Quote from: The Big Train on February 04, 2018, 11:55:44 AM

https://www.cnbc.com/2018/02/02/jpmorgan-chase-bank-of-america-bar-bitcoin-buys-with-a-credit-card.html

I mean, it seems dumb to be buying any investments on credit anyway...

cfbandyman · « **Reply #1009 on:** February 04, 2018, 12:04:46 PM »

Quote from: 8manpick on February 04, 2018, 12:00:47 PM

Quote from: The Big Train on February 04, 2018, 11:55:44 AM
https://www.cnbc.com/2018/02/02/jpmorgan-chase-bank-of-america-bar-bitcoin-buys-with-a-credit-card.html
I mean, it seems dumb to be buying any investments on credit anyway...

Especially this crap

The Big Train · « **Reply #1010 on:** February 04, 2018, 12:05:06 PM »

Quote from: 8manpick on February 04, 2018, 12:00:47 PM

Quote from: The Big Train on February 04, 2018, 11:55:44 AM
https://www.cnbc.com/2018/02/02/jpmorgan-chase-bank-of-america-bar-bitcoin-buys-with-a-credit-card.html
I mean, it seems dumb to be buying any investments on credit anyway...

If you are day trading crypto it’s the only way to have liquidity on price movements if you don’t already have money on the exchanges. Debit cards aren’t effected tho. CoinBase and others still haven’t completely rolled out instant purchases with bank accounts yet.

XocolateThundarr · « **Reply #1011 on:** February 04, 2018, 12:06:10 PM »

Quote from: cfbandyman on February 04, 2018, 12:04:46 PM

Quote from: 8manpick on February 04, 2018, 12:00:47 PM
Quote from: The Big Train on February 04, 2018, 11:55:44 AM
https://www.cnbc.com/2018/02/02/jpmorgan-chase-bank-of-america-bar-bitcoin-buys-with-a-credit-card.html
I mean, it seems dumb to be buying any investments on credit anyway...

Especially this crap

Lol

Sent from my SM-G955U using Tapatalk

The Big Train · « **Reply #1012 on:** February 04, 2018, 02:27:55 PM »

This is the most comprehensive and well done video I think I've ever seen on Bitcoin. It's very technical but it's presented in a very easy to understand way.

The Big Train · « **Reply #1013 on:** February 05, 2018, 12:55:06 PM »

Under 7k for the first time since November. Still up over 500% the past year.

The Big Train · « **Reply #1014 on:** February 05, 2018, 12:57:07 PM »

Still up over 3000% over the past year

The Big Train · « **Reply #1015 on:** February 05, 2018, 12:59:02 PM »

Still up 5800% since last year.

XocolateThundarr · « **Reply #1016 on:** February 05, 2018, 01:34:44 PM »

Bought a little NEO and Cardano this morning. I'm glad I didn't pull the trigger on these weeks ago. If the prices stay low like this for a while longer, I will probably throw a little more into each.

The Big Train · « **Reply #1017 on:** February 05, 2018, 06:45:11 PM »

I’m very happy about this. It will help with scaling and force other exchanges to do the same.

https://twitter.com/satoshilite/status/960675129259773952

XocolateThundarr · « **Reply #1018 on:** February 05, 2018, 07:55:15 PM »

https://www.reddit.com/r/NEO/comments/7kdyzf/attention_new_investors_holding_neo_generates_gas/

I thought this was cool. Part of the reason a bought a little.

The Big Train · « **Reply #1019 on:** February 05, 2018, 08:53:01 PM »

Quote from: XocolateThundarr on February 05, 2018, 07:55:15 PM

https://www.reddit.com/r/NEO/comments/7kdyzf/attention_new_investors_holding_neo_generates_gas/

I thought this was cool. Part of the reason a bought a little.

I’m assuming NEO gas works the same way as it does on the Ethereum network? Except that on Ethereum the gas price is paid with ETH.

The Big Train · « **Reply #1020 on:** February 05, 2018, 09:06:17 PM »

https://qz.com/1198753/cryptocurrency-regulation-the-sec-will-step-up-its-regulatory-rhetoric-in-a-senate-testimony-tomorrow/

The Big Train · « **Reply #1021 on:** February 05, 2018, 09:17:32 PM »

https://twitter.com/cryptodarock/status/960272518031519744

The Big Train · « **Reply #1022 on:** February 06, 2018, 07:08:20 AM »

Quote from: The Big Train on December 11, 2017, 04:52:34 PM

https://twitter.com/satoshilite/status/940353265585160192

I can’t be accused of painting a picture of just rainbows and sunshine.

https://twitter.com/satoshilite/status/960726952364539904

XocolateThundarr · « **Reply #1023 on:** February 06, 2018, 07:41:38 AM »

Quote from: The Big Train on February 05, 2018, 08:53:01 PM

Quote from: XocolateThundarr on February 05, 2018, 07:55:15 PM
https://www.reddit.com/r/NEO/comments/7kdyzf/attention_new_investors_holding_neo_generates_gas/

I thought this was cool. Part of the reason a bought a little.

I’m assuming NEO gas works the same way as it does on the Ethereum network? Except that on Ethereum the gas price is paid with ETH.

I think so. Seemed like a good deal. Definitely want to hold it in a wallet and not on the exchange to make sure you get your GAS.

The Big Train · « **Reply #1024 on:** February 06, 2018, 08:03:42 AM »

https://twitter.com/satoshilite/status/960873153147764736

https://twitter.com/elkimxoc/status/960491174002855937