Latest posts of: cryptoasis

I would not prefer my long-term hodling into an exchange. I would rather keep is safe in my hardware wallet. But for my short-term trades, I would never take out from exchanges.

I think bitcoin is essential for the cryptocurrency market. It should work as a base for other tokens. That way, it would be good for alts as well as btc and the world of cryptocurrency thrive and so that you don't have to value each token into USD.

I think yes.. Once the hype with all these alts fades and bitcoin fully integrated with LN and other stuffs, people will soon realize the potential of the giant. I think it will again reach to up 50% dominance in the coming months.

I have no other plans than to hodl on to my alts in a hope that dip has done and it will bounce back at least to previous levels. It was my wise decision to sell some of my alts later last week.

BTC market is quite fast market that price changes here so fast. So, you may find BTC 20k in the time when you are thinking of opposite. But, in my guess, it will reach 20K in mid-to-late August.

Because there is no such concrete universal law regarding cryptocurrency and also the hack can also be done quite anonymously and the transaction cannot be redone by any party.

I think the main reason is spreading FUD. May be that 95k BTC shifted to exchange but if that is the case market had digested that sell-off because volume last 24 hour is around 100k higher than usual, and as market has digested that 95k btc sell in cost of $600.

It has become more like store of value rather than currency because of tps and other scaling stuffs as well as volatility in price. Should these things stabilize, it will work more as currency

Whoever he is or are, may be a single person or a group of people, he invented the revolutionary technology blockchain and it's currency Bitcoin. May be he is reading this post or may be growing this forum at this time.

ya.. I will reduce the price few hundred dollars. Looking at current volume of BTC in 24 hours, it is over 4 billion dollars that is 533k BTC. 95k BTC will worth around 720 million dollars. So, I think if they sell it gradually and not at all once, market will digest it but again guys it will give us the opportunity to buy in little discount rate.

It is rather safe that other cryptocurrencies because it has been tested rough times and there is a strong community behind it. So, I think its a good time to invest in ethererum these days. It has peaked around $1300 and consolidated almost 70%. One thing to keep in mind is that after a run and consolidation, chart is really tightening up which could result in breatout in either way. So you need to keep an eye on the chart to get even little more cheaper ETH should it breaks below.

I believe in cryptocurrency but the market needs to mature which I hope will in some years. That time most of today's favorite coin no longer will be favorite and some coins will survive and drive the people's desire to be decentralized and control over own money, assets, etc.

After a big rally and little consolidation, the chart is moving sideways and is getting tight. I think it is wise to wait and see which direction ETH chooses. If it goes up, then it will most probably test the $830 mark, but if other way, support is around $460. IMO, it will break to either way in one to no longer than two weeks.

Bitcoin died many times. People loses hope on bitcoin on many times but they cannot get rid of it that why it reborns with more strength and more powerful and more valuable. This cycle continues and there come one point where people will realize bitcoin is future, then its price will rise and stabilize.

I think one should also hodl the bounty token. It is also an investment, some will invest btc, eth into project and some will invest his/her expertise and time and receives bounty token. So, it also a kind of investment. Its not good idea to dump all your bounty tokens in an exchange, not at least below the ICO price. And one should sell bounty token once its price stabilized in market.

I think, it will regain its dominance after all these altcoins of same category competing each other and the lightening network becoming more adopted. Its a cycle and we are at the other end reaching toward the previous point.

Thank you guys for your valuable suggestions. Its wise to give some time learning about the ICO you are getting in. I see may tokens less than 0.2x in icodrops within few weeks after exchange listing. Don't dump your token so hard and it seems impossible to rise back again specially bounty hunters and those got tokens through pools with great discount and presale buys with great discount. It kind of kill the belief and possibilities to rise.

Quote from: DikkieD on June 07, 2018, 08:37:06 AM

Why did you get excited abt the project in the first place? Was it to sell at first chance? If you are really invested in the project and its possibilities, then it shouldn't really matter what happens short term. Most blockchain projects need at least a year or more to be able to show anything worthwhile.

If it was all about a quick buck, than I get it, but selling at such a loss is your own choice. If you don't feel invested anymore, then maybe you should move on. Take your losses and put it there where chances are much higher you will make a profit.

I personally accept my losses easily. I have patience and am waiting for the next real bull run, during which all these lesser performing projects will rise out of the ashes too

ya.. that is what I am thinking too. I will wait until another bull run and take at least my capital. Hope, it will come sooner.

Quote from: St4yInTh3D4rk on June 07, 2018, 08:34:36 AM

Quote from: cryptoasis on June 07, 2018, 08:31:31 AM

Hi. You were excited about the project and get into ICO, but once token released and listed on exchange, it pumped and dumped and stabilized the price at around 0.20x from ICO price for a long time, which even with some slight good news, i.e, beta release, did not do much impact in price. What would be your next step? HODL it in anticipation of some great news or sell it?

If you got that tokens from bounty then better to sell them for the decent price but if someone invested during the ICO then he should keep patience if we selling means we are going to lose our capital.

Yes, you are right, but there is possibility to multiple your capital in other coins rather than to HODL the bag of non-moving coins. Sometimes, it becomes impossible thinking that my 0.2x coin will multiply 5 times to get my capital.