Jump to content
The mkiv Supra Owners Club

Cryto Currency


Jellybean

Recommended Posts

I wonder how many people lost hige sums of money this week, and all they have to show for it is a similar screen grab? You've been lucky thats all. Many won't be as lucky, and due to overhype in the media, and threads like this, there will be a lot of people who have destroyed large amounts of their savings.

 

It is not a tangible asset, it is not something that is valued by true market forces, its recent 'success' is merely due to speculation, as is its more recent collapse.

 

Warning people to be careful with such a volatile "investment" isn't foolish. :rolleyes:

 

Merry Christmas :)

 

If you understood the concepts a bit more, this is not free money, some ICO's are scams and no doubt. But the big players all have some very clever tech behind them that WILL steer transactions of the future. I imagine how you refer to it is how some people talked about the internet in the very early days. I used to work with a few who said it was a load of junk and would never amount to anything. Looks like they were wrong...

Gold bars are mined using hardware, human toil and brainpower to mine it.

Crytpo's are mined using computer power, brainpower and electricity. Therefore there are still costs to acquire the coins in the first place for any genuine crypto eg Litecoin, Eth, BTC etc

Link to comment
Share on other sites

I saw that but those guys never read the work around notification

eToro sent , working fine for me

 

Thanks for the YouTube link! Maybe copying is the way to go

 

 

/QUOTE]

 

Stop/loss doesn't work since i signed up but no idea on other issues

 

Glad the video was of help

Link to comment
Share on other sites

I my research and help out where I can

 

But WOW on the attitude, a lot of growing up to do young man

 

 

/QUOTE]Yeah ok mate. Just can't be bothered with certain people and spoon feeding that's all, everyone is capable of researching and learning. Perhaps you fall into that category too.

 

Age has nothing to do with it either. Plank.

 

 

Edited by Sheefa (see edit history)
Link to comment
Share on other sites

If you understood the concepts a bit more, this is not free money, some ICO's are scams and no doubt. But the big players all have some very clever tech behind them that WILL steer transactions of the future. I imagine how you refer to it is how some people talked about the internet in the very early days. I used to work with a few who said it was a load of junk and would never amount to anything. Looks like they were wrong...

Gold bars are mined using hardware, human toil and brainpower to mine it.

Crytpo's are mined using computer power, brainpower and electricity. Therefore there are still costs to acquire the coins in the first place for any genuine crypto eg Litecoin, Eth, BTC etc

 

I dont disagree with you, I haven't called it a scam and i dont think it is, but the recent gains (and falls) are a result of speculation and hype, not 'mining', and as such it qualifies as gambling IMO.

 

I only have a basic understanding of crypto currencies, and the moral issues with it are enough to stop me using it In addition to the aforementioned issues, how much tax is being avoided by *some* users of this? Quite a lot I'd wager.

 

Also, those naysayers in the early days of the internet were somewhat proved correct by the '.com' bubble. Bursting ;)

Edited by j_jza80 (see edit history)
Link to comment
Share on other sites

All I know is a country with a currency that fluctuated like this wouldn't be called a good bet in the long run!

 

Also seems slightly illogical to post up profit/gains in fiat to justify crypto as the future? Interesting all the same, regardless of ones position on it.

Link to comment
Share on other sites

There was once when I turned up at a Casino in Niagara Falls with C$40, transferred that into plastic chips and walked away from the blackjack table under 30 minutes later with almost C$600 in C$, it was more but I walked away when the cards turned. Even Bitcoin which is a gamble cannot match that return. The interesting facts are the technology employed but beyond that its a punt on nothing tangible, not even plastic chips. There has been reported interesting developments in Bitcoin investment over the last two month with a speculated surge in credit funded purchases. If I was a Bitcoin investor, that'd scare the hell out of me.

Edited by rider (see edit history)
Link to comment
Share on other sites

Correct me if I'm wrong as this is only a theory,

 

Isn't the value of these coins or any coins driven by newcomers buying coins and parting with real money, thus pushing up the value of everyone's investment. In other words if only two people had all the coins isn't it just the first to cash out the other guys money he's invested????

 

With real banks we can all see our money in digital format on a screen, just like you see the value of your coins on the site. But just like a real bank the hope for them is that we don't all go in and take all our money out in one go, otherwise the banks would suddenly be unable to accommodate all of our requests for changing digital money into actual cash.

 

So my question is what is the worth or value of these coins. They're not exactly useful to purchase fuel, shopping or much else atm. It just appears to be a case of those who choose to cash out and turn it back to real currency can make some profit but most hold onto there digital currency and watch it grow, but if you all tried to cash out tomorrow I doubt there would be 10% of what the collective wallets added together would be worth.

 

My thinking is that it's not to dissimilar to an I.O.U in that there isn't any worth until someone else invests there money and thus pushing your coins value up. So all those who got in early make money of those who purchase late, and the recent hype in massive profit gains is due to the huge push in making the public aware in both the news and online advertisement.

 

If no one purchased any more coins after today what drives the value up?

 

Again if I'm totally wrong then fair enough. Just my opinion and thoughts

Link to comment
Share on other sites

Just bought a fat stack of CRED (Verify). $11m market cap and it's tripled in value since yesterday. The project looks pretty sound and it might end up being used by Request network (which I'm heavily invested in) for credit rating type systems. I seriously think this has potential to go 10x in the next month or two.

 

Edit: Also, if anyone is interested in getting into the last few days of the BLOOM ICO, I've got a share link here: https://hellobloom.io/?mwr=6025-2e306fb6

Edited by el_bandido (see edit history)
Link to comment
Share on other sites

Cred is up 34% since I bought in and I expect it to go a lot further. I need to buy more.

 

My main portfolio looks like this at the moment:

 

ETH Ethereum 11%

REQ Request Network 57%

ZRX 0x 7%

LINK ChainLink 0.00%

SMART SmartCash 2%

XEM NEM 2%

XLM Stellar 0.00%

CRED Verify 21%

 

I've also got a side pot that started off as a $500 experiment, which as of right now sits at $3,775. That's been a lot of day trading and coin swapping over the past 5 weeks.

Link to comment
Share on other sites

Im struggling to find a exchange to buy ripple with for euro or usd. Kraken is taking for ever to verify (nearly 5days now) who do you use and how quick is the verification?

 

Honestly i only want to buy ripple for usd or euro to put onto a nano pen or keep in a wallet.

 

My head is going to explode.

 

im not recommending them but you can buy on etoro

Link to comment
Share on other sites

I wouldnt touch etoro personally. You would be far better off buying some bitcoin on http://www.bittylicious.co.uk and then transferring that to http://www.bittrex.com where you can buy the currencies you are after. You can then transfer in or out of there to wherever you want. I have done multiple transfers of this nature. hth
Agreed.

 

Bittrex and Kraken have stopped taking new registrations though.

 

Check out these in order of security and preference to above:

 

Binance

Kucoin

Cryptopia

 

I'm registered on 7 exchanges as I contrast prices on each.

 

 

Link to comment
Share on other sites

as an experienced trader my advice is clear and simple, stay away from crypto currencies people, it is not safe by any stretch of the imagination, the currencies have no financial merit or strong hold support. its a simple suck in and blow out option, its happening already, your money is in air and in no physical assett. i can go into much more detail but the bubble will burst very soon, a lot of people are already seeing the damaging sides, take this warning and do something much safer with your money!

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue. You might also be interested in our Guidelines, Privacy Policy and Terms of Use.