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Bitcoin currency of the future?

HIMBOB said:
Mining is payment for processing transactions.
If less people process, process time and costs increase. Thus usability goes down.
Click to expand...

Usability has always been poor , perceived scarcity is what's driving this bus.
 
So do we all think the recent drops are due to Chinese money leaving cryptos?
 
Took my eye off the ball for a few days and I come back to this

Spend spend spend
 
The market is on a downslope because Korea (a major player) is no longer being calculated in the exchange numbers. That's the main reason.

Also in the post-holiday rut, no one has any money for a month or so.


Just hold onto it for 2-3 months, it will rebound like it has been doing for years, imo
 
Reyesnuthugr said:
The market is on a downslope because Korea (a major player) is no longer being calculated in the exchange numbers. That's the main reason.

Also in the post-holiday rut, no one has any money for a month or so.


Just hold onto it for 2-3 months, it will rebound like it has been doing for years, imo
Click to expand...

Wall street bonuses are supposedly cashing out now. Not that I would know from personal experience..
 
Does anyone know a site where I can download or extract historic market prices for a range of good range of coins?

I want to run some calculations in the hope of creating buy and sell signals.
 
CerebralKnievel said:
Wall street bonuses are supposedly cashing out now. Not that I would know from personal experience..
Click to expand...

That's definitely true. The real reason to invest in cryptos is if you're playing the long game. Long meaning several months.

Although the quick upward swings can be intoxicating, its not like Bitcoin became the thing that it is in mere months. It took years and although things have sped up, it still takes months for other coins to truly grow.

It's going to keep going down for a little bit, but the upward overall growth of the market has been steady and will continue to rise as the development of tech in this sector continues to be refined and expanded. The application aspect is very powerful. If you're only in it for the quick dollars, it may not be for you (not you specifically, "you" as in generic person I am broadly addressing).
 
HIMBOB said:
Does anyone know a site where I can download or extract historic market prices for a range of good range of coins?

I want to run some calculations in the hope of creating buy and sell signals.
Click to expand...

https://coinmarketcap.com/

You can see the historic market prices here (at least one at a time you can). I don't know about downloading or extracting. Good luck on your project.
 
Reyesnuthugr said:
https://coinmarketcap.com/

You can see the historic market prices here (at least one at a time you can). I don't know about downloading or extracting. Good luck on your project.
Click to expand...

Thanks. Best I have so far,

Biggest issue is the only have daily prices. I was wanting higher frequency because a day in crypto land in like a month in normal markets.

I suppose my ability to act isn't going to be much less than daily so should be ok.

But any sources anyone else has would be great.
 
HIMBOB said:
Thanks. Best I have so far,

Biggest issue is the only have daily prices. I was wanting higher frequency because a day in crypto land in like a month in normal markets.

I suppose my ability to act isn't going to be much less than daily so should be ok.

But any sources anyone else has would be great.
Click to expand...

https://www.tradingview.com/

Go to markets, go to cryptocurrencies, choose coin you want, go into interactive chart view, set chart interval, download what you need. They don't have a lot of tokens and icos but have the big boys.
 
CerebralKnievel said:
I bought two more LTC at around 185 each. Had to do it via bank which coinbase insanely delays for like six days.
Click to expand...

Yeah the Coinbase delay for using fiat is ridiculous plus you have to pay a fee, but no choice if you are trying to hop on an opportunity. In normal times I just fund Coinbase with $ and then move it over to GDAX so I don't have to pay any fees at all using limit trades.

I bought a mix of BTC, LTC, ETH and NEO today.

via Imgflip Meme Generator
 
Reyesnuthugr said:
That's definitely true. The real reason to invest in cryptos is if you're playing the long game. Long meaning several months.

Although the quick upward swings can be intoxicating, its not like Bitcoin became the thing that it is in mere months. It took years and although things have sped up, it still takes months for other coins to truly grow.

It's going to keep going down for a little bit, but the upward overall growth of the market has been steady and will continue to rise as the development of tech in this sector continues to be refined and expanded. The application aspect is very powerful. If you're only in it for the quick dollars, it may not be for you (not you specifically, "you" as in generic person I am broadly addressing).
Click to expand...

This isn't entirely true.

There aren't many coins that are being played or can be played as a "Long" investment.

Ripple is the finest example of a coin that just rode an incredible amount of hype to a price that I don't believe it ever sees again.

There's 38 BILLION units in circulation, with that number rising, so it is inflationary. It's not a decentralized currency, It went from trending around 25 cents... to $3.50 in a month (holy shit for anyone who caught that wave) but that was it... people thought it still had some legs, but absolutely not. There was no chance it was ever justifying that market cap.

And now it sits at a $1 and in my estimation, still terribly overvalued. If you bought at $2 or $3, you're fucked. If you bought at 25 cents... you should have sold, and outside of hoping for another pop this week back to $1.50 maybe, in the long run this is going back well under a dollar.

You have to be able to recognize unsustainable growth, irrational growth... and in those cases, if you happened to profit, get the hell out while you can.
 
Luminaire said:
This isn't entirely true.

There aren't many coins that are being played or can be played as a "Long" investment.

Ripple is the finest example of a coin that just rode an incredible amount of hype to a price that I don't believe it ever sees again.

There's 38 BILLION units in circulation, with that number rising, so it is inflationary. It's not a decentralized currency, It went from trending around 25 cents... to $3.50 in a month (holy shit for anyone who caught that wave) but that was it... people thought it still had some legs, but absolutely not. There was no chance it was ever justifying that market cap.

And now it sits at a $1 and in my estimation, still terribly overvalued. If you bought at $2 or $3, you're fucked. If you bought at 25 cents... you should have sold, and outside of hoping for another pop this week back to $1.50 maybe, in the long run this is going back well under a dollar.

You have to be able to recognize unsustainable growth, irrational growth... and in those cases, if you happened to profit, get the hell out while you can.
Click to expand...

Yeah, I'm definitely not talking about Ripple, lol.

Ripple was never my friend. It doesnt even meet any of the definition of a crypto-currency. It's just e-currency, with unlimited control and inflation abilities.

Why is Ripple even listed, really.

There are other sh*coins that will also fail. It only makes sense to hold investments which have actual use/contracts with industries, etc. in the longterm, I agree. I just automatically made that assumption that people were keeping their investments in useful ventures with solid backing.

Meanwhile, Tron may not even exist in a few months.
 
Last edited:
Luminaire said:
This isn't entirely true.

There aren't many coins that are being played or can be played as a "Long" investment.

Ripple is the finest example of a coin that just rode an incredible amount of hype to a price that I don't believe it ever sees again.

There's 38 BILLION units in circulation, with that number rising, so it is inflationary. It's not a decentralized currency, It went from trending around 25 cents... to $3.50 in a month (holy shit for anyone who caught that wave) but that was it... people thought it still had some legs, but absolutely not. There was no chance it was ever justifying that market cap.

And now it sits at a $1 and in my estimation, still terribly overvalued. If you bought at $2 or $3, you're fucked. If you bought at 25 cents... you should have sold, and outside of hoping for another pop this week back to $1.50 maybe, in the long run this is going back well under a dollar.

You have to be able to recognize unsustainable growth, irrational growth... and in those cases, if you happened to profit, get the hell out while you can.
Click to expand...

The "blue chips" ETH, LTC, NEO, BTC etc. are being played as long investments by some. The ICOs and tokens are being speculated on and range in quality from having good tech/solving some sort of problem/having a road map down to coins that are pure trash. Picking winners with ICOs is pretty much gambling. I stick mostly with the big boys and just dabble with new coins.
 
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