[JayJuanGee]

(05-04-2017 04:17 AM)Phoenix Wrote:  

OP shouldn't have included the word 'bitcoin' in the title. Encourages the raging dickheadery in the bitcoin thread to break its containment and leak into this one.

If you don't want dickheadery to chime into this thread then
1) dont talk about dickheadery
2) talk about Ethereum and how wonderful it is and
3) talk about all of the little projects of ethereum and its related fantasy pump and dump ICOs without talking about bitcoin,

and then if you can accomplish those kinds of topics, for example, then it becomes increasingly likely that dickheadery would not be interested in responding to the contents of your little fantasies

[infinitejest]

That feeling when JJG spends weeks whining about others talking about ETH in the BTC thread to GTFO and make their own thread, and then immediately comes into the ETH thread to shit-talk ETH.


Back to ETH, I've been understandably nervous since switching a majority of my btc to ETH before the recent rise to $1600, but ETH has thankfully kept pace. It's actually outpacing BTC right now in terms of % gains the last 24h, so I hope it can keep this up.

One thing I'm curious about is how much this BTC rise has to do with people getting into ETH and other cryptos. Since you can't really buy alts with fiat straight up, I wonder how many people are just buying BTC to exchange it on Polo for ETH or something else.

Also, you gotta think that there's a correction coming soon to BTC because no one has a good reason for it rising like it is. Meanwhile with ETH, the good news hasn't even hit yet. This summer we could potentially have Metropolis and Raiden coming. If the devs can get this out rolling successfully while BTC has made zero progress towards segwit and everyone is still shilling about going to the moon, then I think ETH will be in a real prime position to really explode in value and outpace BTC the second half of 2017.

[Oz.]

How would I go about investing in this? If someone could pm me or help me out it would be appreciated. I have no prior knowledge or experience in the field of investing.

[Isaac Jordan]

(05-04-2017 09:53 AM)Oz. Wrote:  

How would I go about investing in this? If someone could pm me or help me out it would be appreciated. I have no prior knowledge or experience in the field of investing.

Others feel free to correct me if there's a better way, but for someone totally new to crypto I would:

1) Sign up for an account on Coinbase.com

2) Go through the various verification steps to raise your weekly buy/sell limits

3) Purchase ETH with a credit card (not a debit or ACH purchase)

Regarding #3, Coinbase will pass along the CC fees, but at this exact moment I believe it's worth it because you'll have access to the crypto instantly. If you use a debit card/bank account, Coinbase will lock in your buy price, but won't credit you your Ether until the fiat transfer is complete, which could take 3-7 business days (and you might miss a great opportunity to sell in the meantime).

Also, everyone in here needs to keep in mind the #1 rule of crypto:

ONLY INVEST WHAT YOU CAN AFFORD TO LOSE.

Personally, I'd wait for a pullback before buying. Never buy a pump, always buy a dump. I'm hoping we see one in the next day or two, and if we do everything I have is going into Ether.

[Oz.]

(05-04-2017 11:15 AM)Isaac Jordan Wrote:  

Others feel free to correct me if there's a better way, but for someone totally new to crypto I would:

1) Sign up for an account on Coinbase.com

2) Go through the various verification steps to raise your weekly buy/sell limits

3) Purchase ETH with a credit card (not a debit or ACH purchase)

Regarding #3, Coinbase will pass along the CC fees, but at this exact moment I believe it's worth it because you'll have access to the crypto instantly. If you use a debit card/bank account, Coinbase will lock in your buy price, but won't credit you your Ether until the fiat transfer is complete, which could take 3-7 business days (and you might miss a great opportunity to sell in the meantime).

Also, everyone in here needs to keep in mind the #1 rule of crypto:

ONLY INVEST WHAT YOU CAN AFFORD TO LOSE.

Personally, I'd wait for a pullback before buying. Never buy a pump, always buy a dump. I'm hoping we see one in the next day or two, and if we do everything I have is going into Ether.

Thanks for the help, I went ahead and did the first two things you recommended. I have a credit card which I only use for the purpose of building my credit it was a 2k$ limit which I can afford to lose.

Now how do I know exactly when to buy? Or theres never any specific moment within a dump?

[Satoshi]

(05-04-2017 11:32 AM)Oz. Wrote:  

Thanks for the help, I went ahead and did the first two things you recommended. I have a credit card which I only use for the purpose of building my credit it was a 2k$ limit which I can afford to lose.

Now how do I know exactly when to buy? Or theres never any specific moment within a dump?

Impossible to predict, one can only guess. You can do dollar cost average and that could give you a better or a worse price than if you bought it all today. Perhaps it will never be this cheap again, or perhaps this is as expensive as it will ever be, who knows.

On another point, I think it's interesting that people want to get into ethereum now, when it has already increased a lot in price. There was not at all this much discussion about ETH when they did the crowd sale a few years ago.

[Isaac Jordan]

(05-04-2017 11:32 AM)Oz. Wrote:  

Thanks for the help, I went ahead and did the first two things you recommended. I have a credit card which I only use for the purpose of building my credit it was a 2k$ limit which I can afford to lose.

Now how do I know exactly when to buy? Or theres never any specific moment within a dump?

Open two browser tabs to tradingview.com.

In the ticker box at the top of the page, type in "BTCUSD" in one and "ETHUSD" in the other to view the prices of Bitcoin and Ether in dollars.

At the top left of the page, change the time scale to "1D" (one day) and in the next box over change the chart type to "Bars".

It should look something like this:



Each vertical line in the chart represents the range of prices for that day.



If the candle is green, that means the price ended the day with a net gain. If it's red, it indicates a net loss. I've circled today's candle in blue in the chart above; that's where your attention needs to be.

My buy signal is the next time both ETH and BTC close out the day in the red - hopefully that happens today or within the next 48-72 hours. At that point, I'll buy as much as I can afford to lose.

I won't be trying to time the bottom exactly; no need to let the perfect be the enemy of the good. If I'm right/lucky, we'll get one day in the red and then shoot up like a bottle rocket.

I will begin to sell (in tranches) once the total crypto market cap reaches $80bn.

Disclaimer: I am not a financial adviser. Trade at your own risk and BE PREPARED TO LOSE EVERYTHING.

[Stun]

(05-04-2017 03:37 PM)Isaac Jordan Wrote:  

At the top left of the page, change the time scale to "1D" (one day) and in the next box over change the chart type to "Bars".

Isaac, thank you for the chart. What is the opening and closing "time" for the Crypto trading day, or is it a 24 hour market, opening at 12am local time and closing at 11:59? Considering time zones, as well.

[Skank_Hunt]

If ETC is "shit" then ETH must also be the same. ETH will have some updates but the core technology in ETC as in ETH is the same, because ETC = ETH apart from the hard fork which allowed ETH to reverse some transactions certain people in the community didn't like. Yes it was a hack but that opens the door to more hard forks if certain people just don't approve of certain ETH transactions in the future. It's hardly decentralized and stable if that's the case.

As for market share, altcoins have been on a tear recently and it's normal for the higher mcap BTC to have lower share as a result of all the small altcoin mcaps increasing exponentially. As BTC gets bigger, so does the % change move compared to small cap altcoins. It's easy to be very optimistic about ETH when it goes from $1 to $80 but euphoria stage is a very dangerous stage to buy from. There are many concerns for BTC and certainly not euphoria. It has only just passed its ATH after 2-3 years in correction leading up to it. It moves a lot slower and seems a lot less impressive as an investment than $1 to $80 ETH. But it's at these euphoric points and parabolic rises where the greatest danger counterintuitively lies.

Although I don't believe in ETH as an opportunist if ETH crashed back down to $2 again I would strongly consider buying. But at $80 after a rise from $1? Even if it continues and triples to $240, there is no way I can justify buying after such an exponential spike without meaningful longer term correction.

[Isaac Jordan]

(05-04-2017 04:09 PM)Stun Wrote:  

(05-04-2017 03:37 PM)Isaac Jordan Wrote:  

At the top left of the page, change the time scale to "1D" (one day) and in the next box over change the chart type to "Bars".

Isaac, thank you for the chart. What is the opening and closing "time" for the Crypto trading day, or is it a 24 hour market, opening at 12am local time and closing at 11:59? Considering time zones, as well.

Crypto never sleeps.

As I type this it looks like both Bitcoin and Ether are pulling back from their intra-day highs, exactly as I hoped/predicted. I wouldn't worry about isolating a particular 24-hour period; just keep an eye on both tabs for the next 12-16 hours and start buying once they're both in the red. Maybe 20% of your total every 2 hours, something like that, so you buy the whole drop down. The important thing is to buy this dip here, at any level, before we start back up again.

[CleanSlate]

ETH up to $97 at time of writing. Wow!!

[Phoenix]

(05-04-2017 05:52 AM)JayJuanGee Wrote:  

(05-04-2017 04:17 AM)Phoenix Wrote:  

OP shouldn't have included the word 'bitcoin' in the title. Encourages the raging dickheadery in the bitcoin thread to break its containment and leak into this one.

If you don't want dickheadery to chime into this thread then
1) dont talk about dickheadery
2) talk about Ethereum and how wonderful it is and
3) talk about all of the little projects of ethereum and its related fantasy pump and dump ICOs without talking about bitcoin,

and then if you can accomplish those kinds of topics, for example, then it becomes increasingly likely that dickheadery would not be interested in responding to the contents of your little fantasies

Are you familiar with the gamma thread?

I think we need Leonard to take a look at you. There might still be time to save any remaining social well-adjustment.

[DrugAdvisor]

Most people just want to make money.

Some people just want to be right.

The remaining want to make money AND be right. Hahaha...

[Thoughtcrime]

(05-03-2017 09:43 AM)account844 Wrote:  

Damn, I missed the boat on this one. Caught the Bitcoin wave, but wasn't paying attention to any altcoins. Do you know if there are any strong underlying fundamentals that might help drive the price up more, or could it be more like a bubble?

I aim to buy low and sell high obviously, and at the current price of 72.88 EUR it doesn't look like a great entry point from a technical perspective.

If there is big genuine interest in it though beyond speculation i'd rather jump aboard sooner rather than later.

Wouldn't say you missed the boat. It can 2x, still. Of course, we cannot know that. But look at the backers it has.

[CleanSlate]

On poloniex now, putting some tiny bits into under the radar alt coins worth pennies atm. Like trading penny stocks, and if one of them explodes like LTC or XMR or even ETH, I'm a rich fucker.

[DrugAdvisor]

(05-05-2017 02:37 AM)CleanSlate Wrote:  

On poloniex now, putting some tiny bits into under the radar alt coins worth pennies atm. Like trading penny stocks, and if one of them explodes like LTC or XMR or even ETH, I'm a rich fucker.

Putting expandable cash into the top 10 crytos with largest market cap should the trick!

[GlobalMan]

(05-05-2017 02:37 AM)CleanSlate Wrote:  

On poloniex now, putting some tiny bits into under the radar alt coins worth pennies atm. Like trading penny stocks, and if one of them explodes like LTC or XMR or even ETH, I'm a rich fucker.

Doing the same.

[CleanSlate]

Put another grand into ETH at $97. Fuck it. Haha

[Satoshi]

(05-05-2017 07:53 AM)CleanSlate Wrote:  

Put another grand into ETH at $97. Fuck it. Haha

Pump that shit!

[CleanSlate]

(05-05-2017 08:06 AM)Satoshi Wrote:  

(05-05-2017 07:53 AM)CleanSlate Wrote:  

Put another grand into ETH at $97. Fuck it. Haha

Pump that shit!

Let's pump it up to $250-300 and then I'll take profits

[DamienCasanova]

[Ray Carlton]

(05-05-2017 04:28 AM)GlobalMan Wrote:  

(05-05-2017 02:37 AM)CleanSlate Wrote:  

On poloniex now, putting some tiny bits into under the radar alt coins worth pennies atm. Like trading penny stocks, and if one of them explodes like LTC or XMR or even ETH, I'm a rich fucker.

Doing the same.

Just did the same, but focused on one in particular.

This guy seems like a genius recently, especially his LTC forecast was spot on. After this video, I decided to put my money on Peercoin.

Let's see whether it was a good move.

[Armogan]

While I love a good pump-and-dump literally and figuratively - ETH at $250 is a 23billlion market cap.

I think that is what BTC is at currently. Not saying it won't happen, but sometimes you need to look at market cap to determine if the prices make sense. A different perspective.

I think throwing lottery picks at random coins can pay off, but personally I don't buy shit I don't know or believe in.

I've said it before but GNT has a legitimate use. It will emerge one of the first and foremost dApps on the ethereum network very soon. Brass will be released any day now, could see .30 cents and beyond shortly.

[Oz.]

Has anyone looked at Litecoin at all? Had a spike 4 years ago and now seems to be doing the same but thats about it never went above 40$

I'm doing this as more of a learning experience not really looking to get rich although that would be a plus.

Dumps life savings

[username]

(05-05-2017 01:45 PM)Oz. Wrote:  

Has anyone looked at Litecoin at all? Had a spike 4 years ago and now seems to be doing the same but thats about it never went above 40$

I'm doing this as more of a learning experience not really looking to get rich although that would be a plus.

Dumps life savings

Litecoin was always considered the silver to Bitcoin's gold but lacks anything advantageous compared to any of the other coins. I don't really follow Litecoin at all now but I believe the recent big run up is because Coinbase started selling it. This does help significantly because it makes it easy for it to get into people's hands in comparison to other alt-coins. But I don't see any huge upside potential in Litecoin when it comes to the tech part of it. It is pretty much Bitcoin's code but with faster transaction times and a few other tweaks.

The two main coins that excite me right now are Bitcoin and Ethereum. Bitcoin because it is the standard / has first mover advantage. While Ethereum is sexy because it has the potential to be closer to what the final form of what will be the digital currency in the future.

I haven't been on bitcointalk in a long time I need to check it out again and see what new and promising coins are being released or planned. It's possible that the most used coin(s) (or second after BTC) in the future hasn't even been created yet.