# Bitcoin #
@donweather its not a total deal breaker for me yet but definitely a major concern. According to their website they will be reimbursing everyone who was scammed. They have also messed up their whitelist by using google docs for kyc and overloading it. It will be a long way back before they gain my trust but I am keeping an open mind. Most of the real work comes after signing up for the whitelist.
A couple of days ago I was looking closely at investing in Seeley, 0chain and Credits. At this stage it will be Credits only.
The closer I look the less I like seele. I’m out too.
How crazy is this.
"According to BitInfoCharts, a mysterious buyer with a Bitcoin address of 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased an astronomical amount of bitcoins worth $344,000,000 at a blended cost basis around $8,400 from 02-09-18 through 02-12-18. In total, this Bitcoin whale doubled down adding nearly 41,000 coins for a new total of 96,000 coins worth somewhere around $900,000,000 at today’s price ($9,400)."
https://www.zerohedge.com/news/2018-02-15/bitcoin-tests-10k-mysterious-c...
Crazy and a bit scary
Gonetwork is looking solid. Whitelist is still open. They have decided to do a dutch auction ico like raiden network did. I think it worked prettty well with raiden.
Edit: gonetwork is now looking suspicious, I’m out (thanks Don)
Here we go again, hopefully we are all one correction wiser. :)
Looking at orbis as a possible under the radar ico. Thay have delayed their sale until March 3rd. I dont think I will be jumping straight in, just watching the ico to see if they look like selling out. If not I will probably wait for exchange listing for potential cheaper buy in. Still research to be done.
LOCI is trading now and pretty cheap. (Around 0.40 usd) If it drops below around 0.30 I am going to buy in for a small amount. Loved the idea but they messed up the ico price structure. The idea and blockchain use case are very solid. My main concern at the moment is that they only raised 39% of their hard cap so maybe their budget is a bit tight.
Bitcoin back up a bit now $13300 AUD
NEX is releasing token sale and whitelist info next sunday 25th Feb (their time). Be quick to whitelist if you want in. This one is mega hyped
Wow, expensive token at $1USD and only aiming at a very low token release/hard cap amount.
Any idea on what time next Sunday it will be released?
@domweather
They just give the date, I got the info from twitter: @neonexchange I find twitter is usually the best place to find out first. (set alets)
Looks like on Sunday 25th they are going to post a medium article with all the info. My guess is that the article will give the whitelist opening time, which will probably be at a later date. I dont want to miss it because it looks bound to be heavily subscribed.
I am “reasonably” satisfied with seele’s responses to recent issues and will be trying to get on their whitelist. I have not decided whether or not I will be investing yet.
Edit: Seele is very suspicious after further research, I’m definitely out
Don - What do you make of the developments at CPH ?
Not sure what you mean Blowin?
Crazy how Bitcoin and alts react to each other at times.
Sometimes alts drop or rise in almost the the same pattern.
While at the moment it seems as Bitcoin is now rising in value (almost 12K USD, already over 15K AUD on coin spot) but alts are really bleeding.
Some real good buys at the moment, a few quality cryptos close to dip prices NANO is cheap, Kamodo, Horizon state among others.
Remember once Bitcoin hits a certain point and settles money will start flowing to alts.
Thanks indo. Been looking at horizon state for a while but have not checked lately. It gets a bit overwhelming watching them all
Money flows in cycles from alt coins to cryptos. The key is to know when to flip out of bitcoin and into alts and then back into BTC. That's where you can make some real good money if you get the timing right.
Don. With both sides down I’m not sure your average person could be making coin. You really need to have some idea of what you’re doing with stop losses and following market moves pretty closely each day. There is no long at the moment. So yes...if you get the timing right. I think most are better sitting on the sides than watching there hard earned decrease as the constant ups and downs eroded the fees further. Not sure just hold is good advice here. I reckon still a fair bit of down in this market. Time will tell
Agree the timing is the key, but there's plenty of opportunity to make gains against the top crypto coin falls. It's a full time job mind you watching and jumping in and out at the right times, but certainly possible nonetheless.
Hmm that list looks like rolling dice. Still interesting...
My observations.
When Bitcoin does a big correction alts fall as we know but ETH and NEO seemed the most stable on the recent drops though.
If you felt the market had too much of a rise in value and a correction is due IMHO Ethereum could be the safest to put your money, seems it's not as tied to Bitcoin anymore, and then pull it out once it's confirmed a correction is started.
When we hit the bottom on both corrections in mid Jan and big one early Feb, both times XRP was one of the fastest to bounce back (surprisingly also TRX) both had close to 100% regains from their bottom out prices within days.
So if this trend continues you could put everything on XRP at the bottom you could regain or make good money fairly quickly.(TRX could be more of a gamble) maybe whales favour XRP seems they have since December.
Once we start going up again most alts regains with a similar pace or slower than Bitcoin especially the active projects. (hence why you should also measure in satts value, although I'm not a big fan of satts and bitcoin)
IMHO once you have made money on XRP you could go straight into Bitcoin because unless it rises 99.9% of other alts won't.
Then once we get signs we are starting to go up truely (or appears that way, even if a bull trap)
Money goes back into bitcoin, not just from fiat or teether but as we have seen in the past week money gets pulled from alts (you can see this in the percentage of Bitcoin compared to alts in market cap)
Once we have reached a peak and Bitcoin is more stable, seems money flows back and forth from bitcoin to alts and even at times Bitcoin drops a bit, alts can actually rise in value.
The problem for me is i hold way to many alts, i could never swap and change between Bitcoin and Alts, so i just put about 10% in Teether when i think a correction is going to happen.
Anyway thats my take.
Theres no doubt money flows from BTC into Alts and vice versa. One thing you have to remember is most Alts have to be purchased with either BTC or ETH. So the money flowing from BTC to alts could just be that. To purchase the alts.
most exchanges you can buy ATL With cash you deposit no need to buy bitcoin. You can see the money getting switched between ATL to BTC and back. Just watching the buy orders.
Bitcoin is like ostrich farms, those who started it or got in early got rich, everyone else got dudded..in the end your investing in an artificial currency, backed by no-one, recognised by no-one and worth nothing...how much is my house worth? About 5 bitcoins..so you'd sell your house for 5 bitcoins? Hahaha..you wait, it will be $100,000 by feb 2018.. ok i'll wait, well guess what?
There's not that many reputable true exchanges that allow you to buy the vast majority of alts with cash. Most only allow purchasing using BTC/ETH/LTC...and a few of the other big name cryptos.
Barley......as much as you laugh now, crypto's are here to stay. Like it or not.....even Brisbane Airport is about to allow purchasing in crypto's.
https://www.itnews.com.au/news/brisbane-airport-retailers-to-accept-cryp...
I agree with Don 100% Its a next gen thing the kids are all going to run with the tech behind it all. If you told some one Years ago about social media and how we would all use it they laugh at you.
Everyone thought that with ostriches too!!
$17 000 at one stage. .
Bitcoin will be here until the gov sees enough danger in it to shut it down.
I don't think you understand. BTC can't be shut down by governments. Yes they can regulate it but it can't be shut down. That's the whole reason BTC was created.
Anyway. I'm not here to convince you. If you don't believe in it then that's your opinion which you're entitled too. Just don't bag people out who do believe in it and put their money where their mouth is.
shut down bitcoin...... reminded me of a comment my uncle made about bitcoin hacking TNT delivery service and they wanted theyre money.
Open Source technology is near impossible to control, once one is shut down another picks up the code and continues.
Huge positive potential with a decentralised future of the internet.
I do get where your coming from and if you make a squillion dollars congratulations but all this talk of decentralisation and running alt currencies is realistically a pipedream.
If the gov or any govs. really wanted to it could bust bitcoin in a nanosecond. I wonder why haven't they? and its not because they can't.
I feel sorry for the mums and dads who got caught in the hype of it all and will end up being fucked over.
Didn't it drive you mad having all those adds pop up on facebook? why have facebook banned them?
The smart guys got out when everyone else jumped in and also have tax haven accounts set up so when they pulled out, didn't get smashed by Mr Taxman.
Just watched this vid and much of it is very relevant to this conversation, start is just TA but from about 11:10 onwards gets into talking about the changing trends of Bitcoin dominance etc.
But then from bout 15:00 onwards goes on to talk about how the top 20-30 cryptos may change over time, and something i totally agree with him on, in that the future isn't with cryptos that are trying to be revolution against the establishment in a decentralised kind of thing. (alt currency kind of deal)
But I think if you are smart the cryptos to look at are those that work with the current system and big business/companies etc the cryptos that are finding business solutions, this is currently happening not just Ripple, but just off the top of my head I've read recent articles with IOTA and OMG and even TRON, i was really surprised with Tron i thought it was a bit of a pipe dream and hype but seems they are working with quite a few companies in Chinas/SE Asia.
Early days but a bit of news from today with IOTA working with Volkswagen https://themarketmogul.com/vw-iota-cooperation-agreement/
ID thanks for the above. But that article on VW and Iota screams huge conflict of interest. He's the COO of VW AND on the board of Iota. Hmmmmm why wouldn't he want articles written about VW/Iota.
I am definitely out for seele now, they are full of shit, but I had to be sure. Upcoming icos that I am watching are: NEX (neon exchange), gonetwork, orbis (young team, but highly professional), Endor, solve care.
I would also highly recommend getting on Blockstack’s mailing list. They are talking about doing a second round of vouchers. The voucher will give you the option of buying a certain amout of Blockstack tokens at ico price at a later, to be determined, date (the ico was only open to vc’s for legal reasons) You need to download the Blockstack platform, run it on your pc or mac and create and pay for a blockstack id (around $20 btc) There is probably no need to do all this until the second round of vouchers is announced.
Edit: I’m out for gonetwork, its looking a bit dodgy
Glad i bought up on Nano the other day it's already jumped about 40% in price
Yep thanks ID for the heads up. It's the only coin keeping my wallet growing.
ID if they're talking about doing a second round of vouchers what's stopping them doing a third fourth fifth etc. just like a share dilution it's never good for the share price growth.
Don, they are looking to expand their user base, it is a solid project and team imho. The vouchers will be for ico price, regardless of the trading price of the tokens at release so it will be an easy decision I would imagine. The voucher will cost you nothing other than the $20 or so for the purchase of your blockstack user name. There is nothing to stop them doing extra rounds after the next but I think that would be unlikely.
Not still talking about ICOs are we? Enter with a good chance you'll walk out with nothing I say.
https://news.bitcoin.com/46-last-years-icos-failed-already/
Still small businesses have pretty much the same rate so don't be too concerned. I'm in a few and even with good research you need to run them through a good filter of cynicism.
Nano going a bit nuts this morning but suspect there is a big FOMO from raiblock sellers on the dump.
My results are very different. Shitcoins will always be there to make the stats look bad but its not all that hard to pick the better ones. My personal stats (ico only) are: complete failures 0, break even or down on investment 2 Significantly up and looking good 7, massively up and looking great 4.
There are and have been so many money grabbing shitcoins that it is bound to look bad on paper if you include all of them. Its getting harder to sift through the shit but it is still possible, patience and research...
Still not sure how bitcoin can be shut down by the government, it may have limitations imposed on exchanges but the currency itself will still be in circulation.
Feel sorry for the mums and dads falling for Macquarie bank pump and dump scam too.
Big threat to Facebook as they’re profits come from selling your personal data. A big push for the block chain platforms and techs is to own and sell your own data.
I reckon Zuckerberg hates seeing the crypto currencies rising knowing the Winklevoss twins are doing alright out of it.
I bet Zuckerberg hates Blockstack as well. They are a dapp platform aimed at decentralizing the internet and giving control of private information back to the user, the polar opposite to Facebook and Google. I already have my blockstack token voucher and when and if they offer more will be encouraging everyone I know to get one.
Topsy, I can't find anything about the NEX tokensale? Their web page says "Token Sale Information Coming Soon". Have you had any luck?
Don, they were a little late with the announcement but it is out now. Registrations open on march 12th and it is going to be a lottery where the winners get to invest up to $1000. There will be a second lottery to determine who gets the leftovers from the first round. I will be registering along with a group of friends and we will split the winning places, if any, between us. I would suggest people here should do the same. Of course some trust would have to be involved, but thats up to whoever is doing it whether they would be prepared to go that way. Maybe a few of you already know each other personally, that would be a good option if it works out. $1000 is more than I am prepared to put in to an ico personally, but I already have at least 4 friends to split it with. If we were to win 2 places I would be happy to give one to the community here. Thats my first thoughts anyway.
Yep got it now thanks. So if you win the lottery twice then you don't have to commit to both. You can then chose if/when you want to commit.
I'm a little confused. If you win the lottery can't you contribute LESS than $1k? I though the lottery was a contribution UP to $1k?
Was just researching an ico and the ceo was described as a “serial entrapeneur” I have seen this so many times before and for me its a red flag. A serial entrapeneur suggests to me that they have had numerous failed attempts and would like some more money to have another crack at it :)
Don, any amount up to $1000 or none at all if you change your mind. Round 2 is for the left over hard cap space left by people who dont invest the full $1000 or decide not to invest any. Sorry, the last bit of my post was a bit ambiguous
Ok thanks Topsy. So if you can invest less than $1k the only reason you're teaming up with others is to increase your chances of winning the lottery yeah?
Not sure why you'd be sharing that with others on here given the more applications the less chance you've got of winning.
The Bitcoin graph looks Interesting ! ?