
bpfergu
Favorite team: | Arkansas ![]() |
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Number of Posts: | 3485 |
Registered on: | 6/21/2011 |
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Darius Hall and C.J. Jones transferring
Posted by bpfergu on 4/4/18 at 2:32 pm
sigh.
re: Official CryptoTalk Thread
Posted by bpfergu on 3/27/18 at 1:40 pm
Right now I would only be guessing, same as you.
Lots of coins out there with big promises but hardly any even have a working product or much of a user-base yet. Lots of hype but no results. I have some coins that I have higher hopes for but even the more established coins really don't have much to show for their ridiculous valuations at this point in time.
That being said, blockchain tech isn't going anywhere. It is revolutionary on the scale that the internet is and it will be something that individuals, companies, and entire governments embed into their internal workings one way or another in the future. The big question is how and from what source(s). And when the sources are found, they will become extremely valuable assets, shoot up in value, and Susan from accounting will be back at trying to cash her 401k into buying some which is why we saw the ridiculous bull run in December.
The currency side of crypto is still a big question mark to me. Something this volatile simply can't be used as a day-to-day currency in its existing state. And this is coming from someone who is heavily invested in DASH. Add to the fact that even the coins that are trying to be used as currency are being viewed as investments and NOT a currency further complicates matters.
I firmly believe that blockchain tech as a whole will be a 10+ trillion dollar sector by 2022. The problem is that 99% of the current coins that exist will likely not exist then or be essentially worthless.
Lots of coins out there with big promises but hardly any even have a working product or much of a user-base yet. Lots of hype but no results. I have some coins that I have higher hopes for but even the more established coins really don't have much to show for their ridiculous valuations at this point in time.
That being said, blockchain tech isn't going anywhere. It is revolutionary on the scale that the internet is and it will be something that individuals, companies, and entire governments embed into their internal workings one way or another in the future. The big question is how and from what source(s). And when the sources are found, they will become extremely valuable assets, shoot up in value, and Susan from accounting will be back at trying to cash her 401k into buying some which is why we saw the ridiculous bull run in December.
The currency side of crypto is still a big question mark to me. Something this volatile simply can't be used as a day-to-day currency in its existing state. And this is coming from someone who is heavily invested in DASH. Add to the fact that even the coins that are trying to be used as currency are being viewed as investments and NOT a currency further complicates matters.
I firmly believe that blockchain tech as a whole will be a 10+ trillion dollar sector by 2022. The problem is that 99% of the current coins that exist will likely not exist then or be essentially worthless.
re: Official CryptoTalk Thread
Posted by bpfergu on 3/27/18 at 11:45 am
Market will sort itself out. Just make sure you aren't invested in any of those shitcoins.
re: Official CryptoTalk Thread
Posted by bpfergu on 3/27/18 at 11:02 am
Marketcap is only 1500% larger than it was a year ago at this time. Let's all freak out!
re: Official CryptoTalk Thread
Posted by bpfergu on 2/5/18 at 3:26 pm
"We are entering a new digital era in world financial markets. As we saw with the development of the Internet, we cannot put the technology genie back in the bottle. Virtual currencies mark a paradigm shift in how we think about payments, traditional financial processes, and engaging in economic activity. Ignoring these developments will not make them go away, nor is it a responsible regulatory response. The evolution of these assets, their volatility, and the interest they attract from a rising global millennial population demand serious examination. With the proper balance of sound policy, regulatory oversight and private sector innovation, new technologies will allow American markets to evolve in responsible ways and continue to grow our economy and increase prosperity. "
re: Official CryptoTalk Thread
Posted by bpfergu on 2/1/18 at 12:30 pm
I'm not a big technical analysis guy when it comes to crypto, but for some reason, 440 billion marketcap seems to be quite significant.
-In our first bull run back in early Decemeber, we tested 440 billion twice before finally breaking through and continuing the march up to 640 billion marketcap.
-Following this 640 billion market cap test, we retraced back down to 440 billion which we bounced off of and then continued our bull run up through the rest of December.
-Mid January we experienced the largest drop in marketcap in crypto history, going from 820+ billion and quickly dropping down to 440 billion, only to test it and bounce off again.
-We seem well on our way to testing this 440 billion area again. Will we see another bounce? Maybe it is the true bottom? Or perhaps we blow through it this third time and head ever further down. Your guess is as good as mine.
-In our first bull run back in early Decemeber, we tested 440 billion twice before finally breaking through and continuing the march up to 640 billion marketcap.
-Following this 640 billion market cap test, we retraced back down to 440 billion which we bounced off of and then continued our bull run up through the rest of December.
-Mid January we experienced the largest drop in marketcap in crypto history, going from 820+ billion and quickly dropping down to 440 billion, only to test it and bounce off again.
-We seem well on our way to testing this 440 billion area again. Will we see another bounce? Maybe it is the true bottom? Or perhaps we blow through it this third time and head ever further down. Your guess is as good as mine.
re: Official CryptoTalk Thread
Posted by bpfergu on 1/30/18 at 9:39 am
Still in a bear market it seems. Most of January was pretty bad. Hopefully February will pick things up.
re: Official CryptoTalk Thread
Posted by bpfergu on 1/19/18 at 9:51 am
quote:
So initial price is $350'ish depending on BTC price and you have made back 1/3rd of that?
Yup
re: Official CryptoTalk Thread
Posted by bpfergu on 1/18/18 at 2:47 pm
Not much. 0.085 BTC.
re: Official CryptoTalk Thread
Posted by bpfergu on 1/18/18 at 2:31 pm
re: Official CryptoTalk Thread
Posted by bpfergu on 1/18/18 at 1:41 pm
You can see all of the coding on github. It is safe.
re: Official CryptoTalk Thread
Posted by bpfergu on 1/18/18 at 12:16 pm
Anybody in here running a trading bot?
Recently bought Profit Trader and in the 4 days I have had it, it has already paid for a 1/3 of the cost. It was even making a profit on the horrible red days we have had this week. So far it really seems to be working.
Recently bought Profit Trader and in the 4 days I have had it, it has already paid for a 1/3 of the cost. It was even making a profit on the horrible red days we have had this week. So far it really seems to be working.
re: Official CryptoTalk Thread
Posted by bpfergu on 1/16/18 at 12:28 pm
It makes me sick to my stomach to see how much I am in the red over the last 24 hours.
Oh well, I guess it comes with the territory.
Oh well, I guess it comes with the territory.
re: Official CryptoTalk Thread
Posted by bpfergu on 1/4/18 at 9:39 am
Trading crypto is a giant crap show right now. None of this makes sense.
Coins that are nothing more than vaporware and don't even have products are being valued in the tens of billions of dollars. Heck, the 2nd most valuable crypto right now that potentially could overtake BTC has a "CEO" who openly owns nearly 40% of the total coin supply.
And then you have coins like XVG who have clear evidence that the team has dissolved and the main programmer isn't even updating anything anymore. This would be a nail in the coffin for any traditional business but, after a short dip, it has back up nearly 30% today and still being valued in the multiple billions of dollars.
Want to make money day trading crypto right now?
Literally buy ANY coin that is at least 15% to 20% in the red for that day. Wait until the next day when it has its 40% green day for absolutely no reason and then sell the coin. Rinse and repeat.
Coins that are nothing more than vaporware and don't even have products are being valued in the tens of billions of dollars. Heck, the 2nd most valuable crypto right now that potentially could overtake BTC has a "CEO" who openly owns nearly 40% of the total coin supply.
And then you have coins like XVG who have clear evidence that the team has dissolved and the main programmer isn't even updating anything anymore. This would be a nail in the coffin for any traditional business but, after a short dip, it has back up nearly 30% today and still being valued in the multiple billions of dollars.
Want to make money day trading crypto right now?
Literally buy ANY coin that is at least 15% to 20% in the red for that day. Wait until the next day when it has its 40% green day for absolutely no reason and then sell the coin. Rinse and repeat.
re: Official CryptoTalk Thread
Posted by bpfergu on 1/3/18 at 3:25 pm
I traded for about half of the 10k coins but the prices keep going up higher and higher. Thinking of waiting for a (hopeful) pullback to get the rest. Wanting to minimize how much of my other HODL coins I have to eat into to get the remaining 5k coins.
DASH masternode payout comes in a couple of days so hopefully that will take care of a big chunk of the rest.
DASH masternode payout comes in a couple of days so hopefully that will take care of a big chunk of the rest.
re: Official CryptoTalk Thread
Posted by bpfergu on 1/3/18 at 3:05 pm
Any amount of stored VEN will receive coins but if you hit a certain threshold (beginning at 10k coins), you can set up a node which receives an additional bonus %.
re: Official CryptoTalk Thread
Posted by bpfergu on 1/3/18 at 2:43 pm
Geez, Vechain climbing like a rocketship. Trying to trade for my 10k coins so I can start a node but it is getting expensive real quick.
Hop on this one, boys. VEN is gonna be a top 10 marketcap coin within 6 months.
Hop on this one, boys. VEN is gonna be a top 10 marketcap coin within 6 months.
re: Official CryptoTalk Thread
Posted by bpfergu on 1/3/18 at 10:11 am
At 250,000 VET you can apply to be one of the 101 Authority MasterNodes, these are also called Thrudheim Masternodes.
A minimum of 150,000 VET is required to become the highest rewarded Economy node known as Mjolnir Masternodes.
From 50,000 - 149,999 VET you can qualify as a Thunder Node which will be rewarded less than a Mjolnir but higher than the following nodes.
From 10,000-49,999 VET you qualify as a Strength node which is the lowest rewarded economy node but is still paid more than any non-node VET stake.
Below 10,000 VET will allow you to receive a default reward that will be set by the Foundation. This will be the lowest reward possible but also requires nothing regarding commitment long term.
A minimum of 150,000 VET is required to become the highest rewarded Economy node known as Mjolnir Masternodes.
From 50,000 - 149,999 VET you can qualify as a Thunder Node which will be rewarded less than a Mjolnir but higher than the following nodes.
From 10,000-49,999 VET you qualify as a Strength node which is the lowest rewarded economy node but is still paid more than any non-node VET stake.
Below 10,000 VET will allow you to receive a default reward that will be set by the Foundation. This will be the lowest reward possible but also requires nothing regarding commitment long term.
re: Official CryptoTalk Thread
Posted by bpfergu on 1/3/18 at 9:32 am
Anybody else looking into setting up a vechain masternode?
re: Official CryptoTalk Thread
Posted by bpfergu on 1/2/18 at 3:10 pm
:lol:
Well keep in mind that as recently as November, DASH was trading in the 200s. So I haven't seen nearly that level of ROI quite yet. But one can hope!
Well keep in mind that as recently as November, DASH was trading in the 200s. So I haven't seen nearly that level of ROI quite yet. But one can hope!
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