I haven't been able to get verified by Kraken, Bitstamp, or Gatehub for two weeks.

Now don't freak out and transfer compulsions you may have dealt with in the past to these assets.  I don't mean to nag but you know... by your language... I'm just trying to be supportive. Believe it or not I can be supportive.

 

WTF??

I haven't been able to get verified by Kraken, Bitstamp, or Gatehub for two weeks.

 

I decided to use my coins bought at another site and transfer them to an exchange to establish a position on Ripple. I may have missed out on this price jump, but I'm not going to miss out on the jump when Ripple gets listed on Coinbase. Bitcoin Cash went up 800% when it was listed on Coinbase.

Now don't freak out and transfer compulsions you may have dealt with in the past to these assets.  I don't mean to nag but you know... by your language... I'm just trying to be supportive. Believe it or not I can be supportive.

 

WTF??

 

Sorry, you just seemed worked up.

I was, but I still don't understand your comment.

I finally got well-positioned in Ripple over the weekend, apparently just in time for the next big move up. Let's go, XRP!!!

I finally got well-positioned in Ripple over the weekend, apparently just in time for the next big move up. Let's go, XRP!!!

 

Can you PM me?  I can't get verified on any site lol.

I finally got well-positioned in Ripple over the weekend, apparently just in time for the next big move up. Let's go, XRP!!!

 

Can you PM me?  I can't get verified on any site lol.

 

It's difficult. Plus, I needed to buy ethereum on CB to be able to purchase ripple. Being an attorney dealing primarily in cybersecurity, I got too freaked out, took my 38% and bailed.

I finally got well-positioned in Ripple over the weekend, apparently just in time for the next big move up. Let's go, XRP!!!

 

Can you PM me?  I can't get verified on any site lol.

 

It's difficult. Plus, I needed to buy ethereum on CB to be able to purchase ripple. Being an attorney dealing primarily in cybersecurity, I got too freaked out, took my 38% and bailed.

 

I mentioned above - I can't get verified on Gatehub (finally got 2FA codes but they don't work), Kraken, or Bitstamp.  Researched Ripple a bit and decided I wanted to throw a small amount (like $200 or something) at it, when it was ~$0.70.  It's over $2.60 now but I'm still not getting any closer to being able to buy any.

 

Anyone hold any Verge?  Another penny crypto that has spiked in recent weeks.

I bought Ripple on Bitsane, for what its worth. Only reason being is that its what CNBC recommended.

YABO713[/member] did what I did with regards to transfers between exchanges. I started to buy XRP at $1 and made a bigger move shortly before it crossed $2. I was trying to get verified at a certain exchange but never got it past Tier 1. BTW, I'm on multiple exchanges now for two reasons -- to spread the balances among multiple 2FA vaults and so that I can get out faster if I need to.

FWIW, two cryptocurrencies are so active today that deposits/withdrawals are delayed by busy networks -- XRP and ADA. The latter is Cardano which just passed $1...

 

https://themerkle.com/cardano-price-surpasses-1-milestone-for-the-first-time/

Here's a good, introductory article to the basic of cryptocurrencies and investing. You will find digital currencies are not the boogeyman. Indeed, they are the future...

 

Bitcoin and Cryptocurrency 101: Understanding the Basics

https://tickertape.tdameritrade.com/investing/2017/12/bitcoin-cryptocurrency-basics-101-86376?cid=ONTDAARTMMAHN

...Indeed, they are the future... https://tickertape.tdameritrade.com/investing/2017/12/bitcoin-cryptocurrency-basics-101-86376?cid=ONTDAARTMMAHN

 

Great news for the N. Korean regime's hacking groups.

 

They're unable to mine their $6 Trillion in natural resources but they sure know how to mine crypto-currency and pull off cyber heists.

Great news for the N. Korean regime's hacking groups.

 

They're unable to mine their $6 Trillion in natural resources but they sure know how to mine crypto-currency and pull off cyber heists.

 

Not a very informed comment. I suppose you are aware they stole $81 million from the U.S. Federal Reserve and only a misspelling prevented them from stealing $1 billion? Here's a few more of North Korean's cyber targets:

https://www.nytimes.com/2017/10/15/world/asia/north-korea-hacking-cyber-sony.html

XEM went nuts today, doubling in value. A friend of mine told me about it last Sunday when it was selling for just under $1. I couldn't find an exchange that had it and when I did, I couldn't fund it before today. So now I'm looking at TRX after its big day today.

ETH just passed the $1,000 barrier. Unfortunately I'm not big into it.

https://www.cnbc.com/2018/01/04/ripple-co-founder-is-now-richer-than-the-google-founders-on-paper.html

 

Ripple founder and CEO now among the wealthiest people in the world thanks to the rise in XRP.

ETH just passed the $1,000 barrier. Unfortunately I'm not big into it.

 

I have two that I bought at $220.  A fellow groomsman in my brother's wedding has 100 that he bought right around $50.  I haven't heard when he plans to sell, but he's obviously hovering around $100,000 in value after putting in $5,000 back in February or March. 

 

Lots of good reports on TRX. Some is undoubtedly founder hype but the coin was rising 30% yesterday. So I was trying to buy a nibble of TRX on Binance last night but the site kept crashing. Turns out they were hours away from adding new server capacity. This morning I checked TRX and it had gone up another 200% while I was sleeping. Such is life in crypto world....

Aeron (ARN), an aeronautics record-keeping blockchain, jumped 400% today to $5.50+. I was waiting for a Bitcoin transfer to go through so I could buy it when it happened to be at the early stages of its run. So now I'm waiting for a correction. Such is life in cryptoland....

Coinbase has about 13 million subscribers.

DMM Group has about 27 million subscribers.

Guess what’s about to happen?!? https://t.co/nOUEAqzixw

Well, just about every major crypto has been crashing the last 24 hours or so.

Well, just about every major crypto has been crashing the last 24 hours or so.

 

And I'm stocking up, especially on XRP which took a hit when coinmarketcap said it wouldn't include the Korean exchanges. The South Koreans love Ripple. Most of my blockchains aren't doing too badly. Remember, buy chaos and fear. Sell the good times.

Awfully nice of the market to wait long enough for me to stock up on more coins before recovering. Was able to buy chunks of XRP, Tron and Stellar Lumens at or near their 2018 (so far) lows.

I follow him and others on Twitter. It was a great day to buy. Keep some spare change (or a few thou) around for days like today. Your patience and awareness will be rewarded in the coming months.

 

EDIT: BTW, I dumped the Tron to load up on more XLM when it was still down -- now it's reversed and gone positive. Tron was more of a fun play. Days like today are serious opportunities. Helps make up for losing out on XRP when it was at $60 cents.

^XRP will be at $5-$6 by February

^XRP will be at $5-$6 by February

 

Especially if it gets listed on Coinbase -- just the rumor about this caused it to skyrocket last week. Ironically, it was just announced that XRP will be listed on DMM Bitcoin Japanese Exchange which has twice the registrants as Coinbase. But the price tanked instead. Go figure.

 

Also, Binance reopened to new registrations today but many others remain closed to them as they work to add more capacity. That's also a big opportunity to stock up on alt-coins while the newbies are kept out. When they're allowed back in, the prices should jump.

I've often been told to watch the volume of buys and sells of a particular cryptocurrency. Well, this afternoon, someone used XRP to make a payment of more than $2 billion! See....

 

 

EDIT: Could just be a bank-to-bank money transfer in which XRP/Ripple was used -- something that is becoming more common. Could explain why XRP dipped again at about 5:30 p.m. today (and I bought some more!).

I bought ARN based on a good concept -- flight safety record tracking. But the price began experiencing some wild swings, up 300 percent one day, down 50 percent the next, and now up 100 percent tonight. Then there were multiple reports on Reditt of ARN being involved in a pump-and-dump scheme.  Since no one seems to know who is perpetrating the scheme, either within ARN or by investors outside of ARN, I decided to dump the investment. I didn't own a lot of ARN so I made only a little bit of money. I may get back into ARN when things calm down.

I just spent a few minutes poking around their website. It's an interesting idea to use blockchain for flight logs, but I don't get why it has to also be a currency. They explain it in their white paper but I still don't get it. They are treating the currency sale as some kind of way to raise capital except you don't own any actual shares of the company, you own a currency that isn't really related to what they do.

Yeah these are all scams. 

 

The problem is that while the sums being thrown into the crypto world are increasing exponentially, so are the number of new coins and even riskier investment products.  Bitcoin would probably be doing better if it could "split" like a stock.  Small investors like owning at least 1 whole unit of something, if not 100.  The fact that they can only own a tiny fraction of a single bitcoin is pushing them into the even murkier alt-coin world. 

 

I just spent a few minutes poking around their website. It's an interesting idea to use blockchain for flight logs, but I don't get why it has to also be a currency. They explain it in their white paper but I still don't get it. They are treating the currency sale as some kind of way to raise capital except you don't own any actual shares of the company, you own a currency that isn't really related to what they do.

 

Honest question:

 

Is everything using the blockchain now floating a currency?

Probably. It helps them raise capital.

 

As for splitting Bitcoin, I don't see the benefit. And few people own exactly a whole share of the smaller coins. No one has exactly 100.00 XRP coins or 225.00 whole Litecoins. After the exchange takes their cut, the buyer is invariably left with 92.327 XRP coins or 218.811 Litecoins. Whether I own 0.0354 Bitcoins or 1.226 Bitcoins, they are still are a monetized asset that will rise/fall in value.

Bitcoin would probably be doing better if it could "split" like a stock.  Small investors like owning at least 1 whole unit of something, if not 100.

 

Too bad they didn't call them "bitbills" which could be split into 100 "bitcoins".

Bitcoin would probably be doing better if it could "split" like a stock.  Small investors like owning at least 1 whole unit of something, if not 100.

 

Too bad they didn't call them "bitbills" which could be split into 100 "bitcoins".

 

Like a piece of 8. 

 

 

 

Like a piece of 8. 

 

 

ByteCoin?

After doing nothing for six months, Ethereum has more than tripled in value since mid-December, rising from about $350 during the first week of December to a high of $1,300 today. 

 

Actively trading this stuff doesn't work.  You need to just hold. 

 

 

My apologies if this has been shared already.  I found it funny,

The $1300 figure may be on the exchange you use, but the average of ETH prices among all exchanges is $1426 at 2:30 p.m., according to BitUniverse. I've occasionally bought some but mostly to use for transfers to buy alt-coins on other exchanges. My last buy of ETH was about a week ago and should be arriving in my wallet any day now. I will probably also use that to buy other alt-coins with most of them down 20-30 percent right now.

 

Then, yes, I will HODL. ;) Most of it will go into a Toast Wallet for a year or three and we'll see where things are.

This is really no different than stocks.  Over a 30-year period, most of the market's gains occur in 30 or fewer days.  If you're not in, you miss pretty much all of the gains. 

 

Unless you have inside knowledge, there is no way to predict when this stuff will jump or decline.  Insider trading of stocks is illegal.  It's not with cryptocurrency since there is no regulation whatsoever.  Tweets and reddit posts are cheap talk. 

Some Reddit posts are cheap, obvious attempts at pumping coins or creating FUD. Others refer to news I was not aware of and, after checking out the info, learn which ones are true or not true. Ultimately, I buy based on who is marketing and backing the coin and what are the intrinsic assets of the coin, such as its transaction speed, scalability, ease of use, etc.

 

BTW, tomorrow in Japan (aka 6 p.m. today), XRP will go live on that nation's largest crypto exchange, DMM -- one that is twice as large as CoinBase. If you think crypto is big in the USA, it's much bigger in the orient where purchase transaction technologies are more advanced. And in Japan, Bitcoin is actually legal tender. Oh, and there's actually a popular crypto rock band in Japan...

https://www.japantimes.co.jp/news/2018/01/10/national/japans-new-cryptocurrency-crooners-sing-bitcoin-beats/#.WlZtVrynGpo

Coin B won't jump (how high?) just because Coin A did when X happened.  There isn't and can't be a rigid pattern. 

 

This whole investment scheme is doomed because hundreds, if not thousands of new coins will appear in 2018.  By 2020 there could be hundreds of thousands of different cryptocurrencies. 

Not sure what you're referring to in the first part of your post, especially after sayingin your previous post that cryptocurrencies are no different than stocks. Yes, sometimes coins (like stocks) will fall on good news and rise on bad. But once you cut through all the noise, there are fundamentals for coins and stocks and they dictate their future value. Perhaps were just talking past each other...

 

The second part of your post doesn't matter if the exchanges refuse to list most of them. Most of the reputable exchanges limit the number of coins they will list.

^I think his point is the unpredictability of the news that will move prices. Standard efficient market theory. Unless you are a high speed trader, and can literally press the button faster than the crowd, once good news is public, it's too late to cash in on it.  Public info is already baked into prices.  While the evidence is pretty overwhelming this is true for stocks, I have no idea if the alt coin markets are developed enough enough to be efficient. 

 

In any case, I have no idea what "fundamentals" means for crypto currencies. I guess their they have to meet some sort of minimal technical requirements to be "real" and not pure flim flam, but as Jake suggests, the ease of new launches makes the crypto world pretty fiat-y. Current exchanges might not list new coins, but why can't there be new exchanges that do? Unless and until the world gels around a finite set of cryptos for some reason, "entrepreneurs" will just keep diluting the market, making it a crap shoot choosing which ones have staying power.

Yep, it's pretty tough to be a day-trading algorithm.

 

I still equate the blockchain market to the craft beer market. There's a million basement brewers, tens of thousands of restaurant breweries, hundreds of regional brewers and a handful of those which have grown large enough to be listed on the stock market and/or worthy of investment. And yes, it's the wild west out there in crypto land. Even those managing coins/tokens who aren't running pump-and-dump schemes and are legit can still be the victims of schemes by others. It's a fascinating world.

Things are really getting interesting now.

 

South Korea plans to ban cryptocurrency trading, rattles market

 

https://in.reuters.com/article/us-southkorea-bitcoin/south-korea-plans-to-ban-cryptocurrency-trading-rattles-market-idINKBN1F002B

^The core problem is that cryptocurrencies aren't really solving any existing problem with traditional money.  But if they get really big they will damage traditional money, and we will all be the worse for it. 

It's still not a "currency" until people hold their savings in it and use it for day-to-day transactions. As long as people have a "buy low, sell high" mentality and still need to sell their bitcoin (convert it to dollars) in order to buy goods and services, bitcoin isn't a currency, it's an investment vehicle.