Bitcoin currency of the future?

[Cid]

Wanted to get an extra neo and a bit to round it off. Hardly budged... will be in the green for the day in a half hour. Going nuts. Will probably be top 4 before the end of march.

 

[Davem10]

Get out of my head!

Seriously I am buying now though. As bad as that fall looked there's already a recovery and the market cap only took us back to what it was on christmas.

A good lesson from this is don't have more than you're willing to lose because in a 24 hour market because you could be asleep while it all falls to shit.

Get that Vechain

 

[Cid]

Get that Vechain

Haha already got it. One of the few I have that's still up from what I bought it at. Dipped some money into Ethos and power ledger, both down quite a bit on what I bought them at.

 

[CerebralKnievel]

Id just recently withdrawn all of my cash, and now coinbase won't even permit me to buy anything. Keeps telling me I must confirm my identity, which I did months ago. Fuck these people.

 

[CerebralKnievel]

Capital One has just suspended any charges placed through Coinbase, or any methods of Cryptocurrency acquisition. Prices are tanked - can't believe there's no activity in this thread. Anyway, I tossed another $200 on Bitcoin. Don't really want to go over my initial 1600 investment, but the prices are so low I figured another 200 would be worthwhile.

 

[CerebralKnievel]

So you can hold ether based wallets on myetherwallet, bitcoin based currencies on bitcoinwallet and Neo based currencies on neon wallet. They are all free and easy to make (plenty of youtube videos to guide you). Just make sure to print the key and not lose the paper. I personally bought a Nano Ledger as I like to do my work at coffee shops and I don't like looking over my shoulder.

Can all of my different altcoins on Binance be secured on one Paper wallet? Or is there something more efficient I'm overlooking?

I'm sitting on REQ, CND, FUEL, VEN, XLM, XRP, POWR, BQX and EOS.

 

[Luminaire]

Ouch. What a day.

Remember Der Fraudsbar declaring Litecoin was a steal at $315.

Or someone else optimistically seeing Ripple as a buy opportunity at $3.

I'm not discounting that there's money to be made in this game, but a lot of you need an abundance of caution.

 

[Deleted member 409801]

China plans to ban mining, South Korean government is introducing stricter regulation to exchanges and due to their poor wording this was mistaken as banning and a general pullback from the insane december/early jan bull run the alt coins went through is my guess.

Why would a ban on mining drive the price down? What would happen to gold if it stopped being mined today? It sure as Hell wouldn't decrease in value.

Any pullback relating to China is because people ( probably rightly so ) are at least partially aware that a stroke of the right pen could upend the whole thing.

 

[Nik123]

To anyone who missed the Ethos boat, this is a good entry point.

 

[Supereem]

Why would a ban on mining drive the price down? What would happen to gold if it stopped being mined today? It sure as Hell wouldn't decrease in value.

Any pullback relating to China is because people ( probably rightly so ) are at least partially aware that a stroke of the right pen could upend the whole thing.

There is a real demand for gold.

 

[Tyrannosaurus rex]

Tempted to put a few more bucks into it, considering things have been dropping like mad. I'm sure they'll go up again.

 

[Tamriel Terror]

Most of my portfolio is down of course, but BQX and VEN are still up for me. I bought quite a bit of VEN at $1.60 a while ago.

 

[Luminaire]

Anytime something surges 100 or 200% in the matter of a week or two... you need to realize profits.

I'm hoping most of you that got in on the alt coin frenzy were wise enough to take profits when things were cresting.

I see absolutely no reason for something like Ripple to ever hit $3 again. That was pure insanity.

 

[Deleted member 409801]

There is a real demand for gold.

I know , I was just trying to figure out why a decreased supply is supposed to = lower cost in nothing except in the case of bitcoin/crypto

 

[CerebralKnievel]

I know , I was just trying to figure out why a decreased supply is supposed to = lower cost in nothing except in the case of bitcoin/crypto

This market seems massively subject to whims and rumors.

As for China, I don't understand this constant increase in regulation and scrutiny, being as they run some of the largest crypto mining operations (if not the largest).

 

[Cool Hand Luke]

This market seems massively subject to whims and rumors.

As for China, I don't understand this constant increase in regulation and scrutiny, being as they run some of the largest crypto mining operations (if not the largest).

I think the bolded part answers your own question.

 

[Deleted member 409801]

This market seems massively subject to whims and rumors.

As for China, I don't understand this constant increase in regulation and scrutiny, being as they run some of the largest crypto mining operations (if not the largest).

China is very authoritarian , not surprising that they'd be averse to a " decentralised" form of exchange. The US isn't gonna let it run amok either

 

[CerebralKnievel]

China is very authoritarian , not surprising that they'd be averse to a " decentralised" form of exchange. The US isn't gonna let it run amok either

I understand their aversion, definitely. It just amuses me that they own god knows how much of the market.

 

[Supereem]

I understand their aversion, definitely. It just amuses me that they own god knows how much of the market.

It’s not in their best interests to create an environment that allows crypto to prosper. In fact, no government really benefits other than North Korea.

We are dealing with a phenomena that’s supposed to be used as a currency but is near universally hated by all governments and regulators.

In addition, no crypto is commonly used as a legitimate purchase tool and the vast majority of owners are investors, many of them only entering the market in the last 2-3 months.

Right now the functional real demand is actually decreasing, as marijuana is slowly legalised around the world. One of the only reasons there was a need for crypto was to buy drugs.

What is going to happen next is quite predictable.

 

[HIMBOB]

I know , I was just trying to figure out why a decreased supply is supposed to = lower cost in nothing except in the case of bitcoin/crypto

Mining is payment for processing transactions.
If less people process, process time and costs increase. Thus usability goes down.