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Bitcoin crash coming (2 Viewers)

sold all my bitcoin just over a week ago.. when is the next dump coming.. or has it already started :rolleyes:
 
upload_2018-5-11_13-52-12.png
 
Hmm have an LTC buy order @ $122.. Think its going to dip further
 
Bumping this thread as all crypto talk seemed to die with the market.

Basically, GG ETH and ICOs.

I'm still mining away and building up more BTC. It's still profitable for me as my electricity cost are super low.

Also came in here to shill Wagerr, WGR, as they just released news today that mainnet betting is going live this weekend. This is one of the best applications of blockchain to date and will be able to revolutionize sports betting (they've also talked poker). This has been in the works for over a year and the news today was YUGE!
 
Jeff said:
Pump and dump!
Click to expand...

Not for me. Long term hold on that one. I have a few others that are short term holds, but WGR has too much upside to dump at this moment.

As always do your own research!
 
I moved to Stellar from ETH. ETH is taking a hit due to tokens cashing out to build their own network, aka EOS. ETH is still a great platform. May jump back in at some point. Next financial crisis like Cyprus causes big jumps, just hold and wait. If they can get a mass adopted dApp it will go up quickly.
 
I think the huge price increase of BTC to crazy levels which made everyone pay attention is really bad for BTC as a currency.

I was/am a believer in BTC as a currency and the utility it provides. For a simple example, if PCF strictly used BTC we would save thousands per year in avoiding all the PayPal fees.

When BTC went through the roof everyone looks to crypto as a short term investment. I would like to see BTC gain ground in the real world as a payment method but unfortunately that seems far away.
 
Lemonzest said:
I think the huge price increase of BTC to crazy levels which made everyone pay attention is really bad for BTC as a currency.

I was/am a believer in BTC as a currency and the utility it provides. For a simple example, if PCF strictly used BTC we would save thousands per year in avoiding all the PayPal fees.

When BTC went through the roof everyone looks to crypto as a short term investment. I would like to see BTC gain ground in the real world as a payment method but unfortunately that seems far away.
Click to expand...

I agree that there are other things out there better than PayPal that we as a community should be looking into. One in particular I like is Ink Protocol which uses smart contracts, a reputation system, for buying/selling good on the open market. The creators use it for Listia which is a marketplace.

Real world adoption is going to be slow, but I think this is what's going to distinguish the coins that fail with the ones that will succeed.
 
Payback said:
I agree that there are other things out there better than PayPal that we as a community should be looking into. One in particular I like is Ink Protocol which uses smart contracts, a reputation system, for buying/selling good on the open market. The creators use it for Listia which is a marketplace.

Real world adoption is going to be slow, but I think this is what's going to distinguish the coins that fail with the ones that will succeed.
Click to expand...

I agree with the bold. Crypto-currencies don't have intrinsic value therefore their only value is the utility they provide. I am referring to real world value not the ticker price. The short term value of the various crypto's will be volatile and of course some people will profit and some will lose.

Long term the only crypto I believe in is BTC because it has slowly been building its user base over many years and has actually established itself in the real world as a usable currency. BTC has a long way to go but the fact that some online retailers accept it is more headway than any other crypto has made. If a crypto strictly exists as an investment instrument and doesn't provide any real world value they will inevitably crumble. This is just common sense that sometimes gets lost in the madness of investing and trying to get rich quick.
 
Volitility is a problem for any coin. Nano allows you to avoid all fees since it costs zero to transfer, however does not have contracts.
 
AceFour said:
Volitility is a problem for any coin. Nano allows you to avoid all fees since it costs zero to transfer, however does not have contracts.
Click to expand...

That is why I dislike the way people currently view and use crypto. The primary function of crypto is utility as a currency. All these new coins should be looked at closely and vetted based on their ability to operate as an efficient currency. We should choose the best 1 or 2 and then start using them as currency.

Treating crypto as an investment actually makes the volatility so much worse. The value of the currency should grow gradually over time as the coin gains users and becomes a valuable part of society. The huge peaks and valleys are not necessary and could be avoided if this wasn't being traded like a stock.

The ironic part is these huge peaks and valleys actually deter people from using it as a currency because of the instability. The right way to build up a crypto would be to do what BTC has done over the past 5 or so years. Slowly over time get vendors to accept it and then have people buy and sell the coin in exchange for goods/services.
 
Mac128k said:
I’m biased but this place could easily use Steemit to replace PP today if it wanted.
Click to expand...

This is another that I agree with.

When I got into crypto it was all about the tech and changing the way the world works. It provided a way to play online poker when all other doors were shit. Last year it become a bunch of moon boys and hype trains. I don't disagree with that crowd that it would be great to make a fortune, it wasn't its intention. The technology behind it has the power to change the world in a way that has happened since the adoption of the internet. There are some projects that are just mind blowing and while crypto has had a bad 2018 on paper and by looking at the charts this has been one of the best years for development. Tons of ICOs are making considerable gains on their projects and I think 2019 will be the year we see actual working projects that are solving real world problems.
 
Not sure what made me think of this thread, but was curious what the current sentiment was. So very interesting.
 
I moved most of my bets on Stellar. Just going to hold it and check it in a few years. IMHO two things make crypto go crazy.

First is economic turmoil such as the Cyprus banks freezing assets or China using crypto to move it out of the country. China cracked down on that as they have a looming debt problem coming. With U.S.A market on fire, money is pouring into that, which is obviously safer.

Second is real world applications and mind share. BTC obvious was first to market and is favored with dark markets as well as Darkcoin and ZCash. Ripple is used for bank settlements. Stellar has backing from Square and IBM so there are some big applications happening. ETH w/Consensys has been rolling out Dapp after Dapp. If ETH gets a general use application that the smart phone population adopts it will go nutz. Right now ETH has been hurt with EOS pulling funds to launch their own network. Cardano is basically a ETH clone and follower but has traction in Asian Pacific countries. Just a big wait and see who pulls off the first general mass adopted app first.
 
Payback said:
It provided a way to play online poker when all other doors were shit.
Click to expand...

Somewhat paradoxically, the price escalation of Bitcoin killed some poker sites which used it. I was playing regularly on one site, but the action steadily disappeared as the price of Bitcoin started to climb fast. Seemed like people became less willing to gamble with a commodity which was rising far more quickly than a realistic hold ’em win rate.

Maybe there are sites regaining traction now that the values have plummeted, but I wouldn’t know.
 
I don't follow the day to day value closely. What are the metrics you even look at when speculating in the short term?
 

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