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I really don't think it will ever drop below $9,700 again. That was the bottom of the final plateau in November before the big December blast off. I think that's our true floor, but that's because I'm a believer. There are lots of people out there that think this is all worthless and it will eventually go to $0. I think that is crazy.
 
bmneveu said:
I really don't think it will ever drop below $9,700 again. That was the bottom of the final plateau in November before the big December blast off. I think that's our true floor, but that's because I'm a believer. There are lots of people out there that think this is all worthless and it will eventually go to $0. I think that is crazy.
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Well, its gotten to the mid 10s and so many of the alt-coin charts look like penny stock PND charts... I am not thinking this is a Chinese New Year phenomena... GLTA :rolleyes:
 
Took profits from my Crypterra cloud mining, sent to Binance and bought some alt coins at these huge discount rates: ADA, EOS, and BNB. Added to my other holdings of XRP, BTC, LEND and TRX. Also in ETH via cloud mining. Still want to buy: XLM, NEO, LTC, ZEC, DASH, BCC. There are others I would add to the buy list but they are not (yet) listed on Binance.
 
bmneveu said:
I really don't think it will ever drop below $9,700 again. That was the bottom of the final plateau in November before the big December blast off. I think that's our true floor, but that's because I'm a believer. There are lots of people out there that think this is all worthless and it will eventually go to $0. I think that is crazy.
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Don't look now but it is below 9700. Waiting for a re-entry point.
 
bmneveu said:
I really don't think it will ever drop below $9,700 again. That was the bottom of the final plateau in November before the big December blast off. I think that's our true floor, but that's because I'm a believer. There are lots of people out there that think this is all worthless and it will eventually go to $0. I think that is crazy.
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Ate my hat on that one, but we haven't seen a close below that level yet either so maybe I'm still safe? It looks like just a quick tail below the floor. Bounce, bounce bounce.
 
So I just discovered "Changelly." It's an exchange service that accepts USD. So kind of like Coinbase, except they don't have the wallet feature that Coinbase does.
This is great for anyone that wants to get into crypto that lives in a state that Coinbase blocks from using their service (Wyoming, Hawaii and Minnesota from what I see on Google).

Changelly
 
This is a quick video on how to get started at Binance buying and trading crypto currencies. Just the basics. Easy to follow.

 
Coincheck was hacked this morning. The Japanese crypto exchange lost all of their NEM holdings, valued at appx $500M. Luckily it looks like the thiefs only had access to that coin for some reason. Or the exchange was able to shut things down before the thieves could take anything else. NEM is working with Coincheck to track down the wallets that the coins transferred to in an attempt to return them to their previous owners.
 
bmneveu said:
Coincheck was hacked this morning. The Japanese crypto exchange lost all of their NEM holdings, valued at appx $500M. Luckily it looks like the thiefs only had access to that coin for some reason. Or the exchange was able to shut things down before the thieves could take anything else. NEM is working with Coincheck to track down the wallets that the coins transferred to in an attempt to return them to their previous owners.
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That's another thing that scares me about Cryptocurrencies a hacker can steal your money out of their banks without breaking into the Safe.
 
An indirect way to play the crypto space from the stock market would be to buy shares of the big graphics card makers, NVIDIA and AMD, which are used to mine coins. Stores can't keep the shelves stocked. They go quick.
 
nnuut said:
That's another thing that scares me about Cryptocurrencies a hacker can steal your money out of their banks without breaking into the Safe.
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This applies to 'normal' 'bank accounts' as well. The real difference is that cryptos may not be under the FDIC.

INVESTOR ALERT: BITCOIN AND OTHER VIRTUAL CURRENCY-RELATED INVESTMENTS
May 7, 2014
https://www.sec.gov/oiea/investor-alerts-bulletins/investoralertsia_bitcoin.html

Investments involving Bitcoin present unique risks.​
Consider these risks when evaluating investments involving Bitcoin:

"...

Not insured. While securities accounts at U.S. brokerage firms are often insured by the Securities Investor Protection Corporation (SIPC) and bank accounts at U.S. banks are often insured by the Federal Deposit Insurance Corporation (FDIC), bitcoins held in a digital wallet or Bitcoin exchange currently do not have similar protections.

..."




Coinbase is NOT FDIC insured self.CoinBase
Submitted 1 month ago
https://www.reddit.com/r/CoinBase/comments/7l9ul4/coinbase_is_not_fdic_insured/​

"I spoke with the FDIC yesterday. They confirmed that Coinbase is NOT FDIC insured. The Coinbase website states that funds "may" be FDIC insured. The FDIC told me this means that the funds may be insured if Coinbase deposits them in an FDIC insured institution. According to this logic, we're all just as FDIC insured as Coinbase claims to be. More misrepresentation by Coinbase. Shameful.

..."
 
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Will crypto react inversely to a stock market drop when investors look to put their money in other assets? Like gold and bonds? It's not the safe haven that they are, but it is another investment vehicle option like they are. Just a thought...
 
bmneveu said:
Will crypto react inversely to a stock market drop when investors look to put their money in other assets? Like gold and bonds? It's not the safe haven that they are, but it is another investment vehicle option like they are. Just a thought...
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I have said that if Bitcoin remains autonomous to international banking and it can be placed in a tax sheltered location, it will be used as a cash position out of the mainstream and held as an asset.
 
Just used coin tracking.info and loved it. Gave me a tax report and consolidated all my buys and sells for me in one spot. Appears I like to trade on Wednesdays. Which I found interesting and didn't realize.
 
It’s a bloodbath out there today. Time to buy more? I like these prices!


Sent from my iPhone using Tapatalk
 
Well, if you wanted to get into AMD (maker of GPUs that mine coins) at a good price, yesterday was the day to do it. Up over 6% today on earnings report. Vendors can't keep GPUs stocked on shelves. NVDA is the other big player but their chart has gone straight up for the last 2 years with no time to breathe. I liked AMD because there's been some sideways action. I still think it's a good buy, but now there's 6% less to make on the play.
 
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