Thanks Bittrex. Thinking long and hard about rebalancing into more BTS out of either LTC or a BTC hedge. LTC is slowly creeping up as a % of my portfolio somehow (down less than BTS, I guess). We all don't invest more than we can afford to lose, right? Really tempted to call this FUD and double-down on the 20% dip (be greedy when others are fearful, etc., etc.). At least catch a rebound pump at some point Alternatively, this shows how fickle everyone is and how quickly an asset can just tank. Speculation I'm seeing so far (none of which has been verified or corroborated, in order of how often I'm seeing them): - Technical issues on Bittrex side (node RAM requirements)
- SEC regulations regarding securities
- Foul-play coinciding w/ ADA launch (former BTS dev(s) on ADA team)
- Consistent decline in value
- Protocol weakness (51% attack risk somehow, possibly because of low price)?
First two seem to be the most reasonable so far. Both of those seem to be the kind of thing you publicly explain, though I get not having a policy of explaining every action (since Twitter will always freak out, valid explanation or not). How long until the new BTS web exchange, etc. is online? The RAM issue was out early and originally looked like it was from Bittrex and like it was legit. They just needed to change their configuration. Now we have nothing else out of them, and, well, silence in this kind of situation isn't positive. SEC regulation issues are clearly FUD - BTS is one of the very few who are able to go completely compliant on a minute's notice. The foul-play issue is something I don't rule out categorically, but I very much doubt it. Consistent decline in value? If that were the case, 90% of their coins would be delisted. Protocol weakness? Then why not STEEM too? Or ARK? Obvious FUD hack job. A few people have asked me what I plan to do. I've said many times in this thread that my number one criteria for anything I'm involved in long term is the question as to whether I'd lose sleep being a long term bagholder. If I answer that question with a "yes", I don't get involved. Likewise, if I get involved on those terms, I obviously don't sell when the price is dropping. If anything, I do the opposite. Hell has to freeze over before I sell BTS. And for those of you buying, I can only say, GOOD GOING! Oh, and here's a cross post from the BitShares thread with my take on the real reason. (I recommend following that thread closely, and reading up on what you might have missed. scaryvirus is an excellent "host".  ) tell me please, so what's the reason that they are being deleted from Bitrex or where you can read about it?
Mum's the word from Bittrex. With the amount of money they make every day on BTS trading, we can clearly and unreservedly rule out good business sense as a reason. That leave's us with just two primary possibilities: 1) they've lost their minds, or 2) they are extremely threatened and have decided to strike early while they think they still have a chance. BitShares is their primary long term competition. There's no doubt in my mind about that, and I think they have concluded that their long term livelihood is threatened seriously enough by BTS to warrant a strategy that limits as much as possible any type of support direct or indirect of BitShares, and if possible, especially if it's an indirect "side affect", that even damages its competitor's good name. |
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If you want to turn $10,000 into $1,000,000 then my suggestion is either buy Bitcoin and hold for 20 years, OR buy $100 worth of every altcoin and set a selling price of 10x or more of your initial investment, and wait a few years. Eventually some whale will come along and buy up your holding and you will make a great profit.
Unless the exchange you're on goes bust. |
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tell me please, so what's the reason that they are being deleted from Bitrex or where you can read about it?
Mum's the word from Bittrex. With the amount of money they make every day on BTS trading, we can clearly and unreservedly rule out good business sense as a reason. That leave's us with just two primary possibilities: 1) they've lost their minds, or 2) they are extremely threatened and have decided to strike early while they think they still have a chance. BitShares is their primary long term competition. There's no doubt in my mind about that, and I think they have concluded that their long term livelihood is threatened seriously enough by BTS to warrant a strategy that limits as much as possible any type of support direct or indirect of BitShares, and if possible, especially if it's an indirect "side affect", that even damages its competitor's good name. |
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New INFO:
These are the reasons why above coins are being delisted according to Bittrex.
BTS: Vulnerability to 51% attack, critical weakness in the source code that cannot be fixed
BTA: Developer is not responding when asked about stability issues of its masternode
Darcus and Drago: Lack of Volume
source? Note: if you're not able to provide legitimate source, I will negative trust you as FUD. Seeing it on Twitter too. Almost never used before account. https://twitter.com/jmtizzle1/status/915227767645589506 https://i.imgur.com/Or87M9e.jpgTotal nonsense. |
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Retweeted, and I recommend everybody doing the same. |
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Screenshots please. I dont have slack either. TIA |
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From Bittrex: "This market will be deleted on October 13th, 2017"
Any information why?
This is a huge surprise. Just outrageous! It is going to be interesting to see just how Bitshares engages Bittrex on this issue. Either it's a mistake or it's war, and only effective discussion and negotiation can lead to a reliable conclusion. If BTS is what it purports itself to be, they will get to the bottom of this. |
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Having talked before about wanting to limit my overall SegWit / Lightening Network exposure to 25% or less, and considering that I have essentially put that into practice by keeping SYS as my main investment in that space, I thought I'd cross post this for what it's worth. The fact that it has other very interesting forward moving development in current deployment is one of the main reasons why I've chosen SYS to represent that part of the portfolio as those additional value added efforts mitigate the risks of a SegWit / Lightening Network failure for SYS - SYS won't die if SegWit / Lightening Network don't work out as we have been told they should. It hard to believe the movement of the Syscoin's price. I think someone accumulates and try to hold coin's price at 4000 satoshi. Technic analysis and fundamental analysis is very good and powerful. Big expectations in October. I think a new all-time high is possible before the end of this year. Just need some more time before the big bullish rally.
I dipped even further to 3500. This must be a good buy at the moment, given all the upcoming news.... I'm buying more. I don't. I finally sold my stuff and moved on from this. I got banned from Slack for bringing up the ongoing decline of the price in a normal manner. This is really a big red flag for me if criticism is handled like this. No discussion, my user account just got disabled, that is pathetic. Reddit is dead as well. Pump groups make advertisements there and the things are not getting removed for over 5 days. This thread is also silent. Everybody moved on. People are not even caring to vote syscoin for being added to Binance. Those are red flags again for me. Sys didn't really recover any of the losses with the China FUD market crash. Sys bleeds to death and the devs are not bringing any news to create at least some hype or informing people what might be happening. That is just a big middle finger in the face of every investor. I pity those who actually bought at ATH some weeks ago. Those extra strong declines and wild price swings don't inspire confidence to attract new potential investors and people are deluding themselves if they expect any recoveries soon. Where is the new floor? 2k sats again? My take on the "silence" here is that it is one of silent confidence. What with Blockchain Foundary and the plans for a Bonded Validator System as solutions for market-driven needs, it certainly looks like SYS is making the transition from first generation coin to a modern cryptocurrency with real world use applications as well as being a secure storage of wealth. Frankly, I didn't even know who Binance was. I had to google them. Well, truthfully, I went to coinmarketcap.com too. Couldn't even find out where they are based from their website. https://www.binance.com/ Googled "Binance physical location" in order to get that from 3rd parties. https://www.google.com/search?dcr=0&source=hp&q=Binance+physical+location&oq=Binance+physical+location&gs_l=psy-ab.3..35i39k1.2396.2396.0.3450.3.2.0.0.0.0.106.106.0j1.2.0.dummy_maps_web_fallback...0...1.1.64.psy-ab..1.2.489.6...383.S61TdzT4HUYEverything is bleeding, well, almost. The SegWit currencies especially, well, almost everybody there as well. Again, in the case of SYS, I think there are very savvy people buying on the cheap and the rest of us who are holding, doing so with a high level of confidence in what's being done here. You know, it has adopted state of the art legacy advancements (hope that doesn't sound too oxymoronic) while jumping ahead and claiming a very interesting niche in the real world use space. And they're modifying the base protocol to increase security as well. The only thing I wish there was more of is real PoS. A hybrid 90/10 PoS/POW would set me on fire.  |
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It hard to believe the movement of the Syscoin's price. I think someone accumulates and try to hold coin's price at 4000 satoshi. Technic analysis and fundamental analysis is very good and powerful. Big expectations in October. I think a new all-time high is possible before the end of this year. Just need some more time before the big bullish rally.
I dipped even further to 3500. This must be a good buy at the moment, given all the upcoming news.... I'm buying more. I don't. I finally sold my stuff and moved on from this. I got banned from Slack for bringing up the ongoing decline of the price in a normal manner. This is really a big red flag for me if criticism is handled like this. No discussion, my user account just got disabled, that is pathetic. Reddit is dead as well. Pump groups make advertisements there and the things are not getting removed for over 5 days. This thread is also silent. Everybody moved on. People are not even caring to vote syscoin for being added to Binance. Those are red flags again for me. Sys didn't really recover any of the losses with the China FUD market crash. Sys bleeds to death and the devs are not bringing any news to create at least some hype or informing people what might be happening. That is just a big middle finger in the face of every investor. I pity those who actually bought at ATH some weeks ago. Those extra strong declines and wild price swings don't inspire confidence to attract new potential investors and people are deluding themselves if they expect any recoveries soon. Where is the new floor? 2k sats again? My take on the "silence" here is that it is one of silent confidence. What with Blockchain Foundary and the plans for a Bonded Validator System as solutions for market-driven needs, it certainly looks like SYS is making the transition from first generation coin to a modern cryptocurrency with real world use applications as well as being a secure storage of wealth. Frankly, I didn't even know who Binance was. I had to google them. Well, truthfully, I went to coinmarketcap.com too. Couldn't even find out where they are based from their website. https://www.binance.com/ Googled "Binance physical location" in order to get that from 3rd parties. https://www.google.com/search?dcr=0&source=hp&q=Binance+physical+location&oq=Binance+physical+location&gs_l=psy-ab.3..35i39k1.2396.2396.0.3450.3.2.0.0.0.0.106.106.0j1.2.0.dummy_maps_web_fallback...0...1.1.64.psy-ab..1.2.489.6...383.S61TdzT4HUYEverything is bleeding, well, almost. The SegWit currencies especially, well, almost everybody there as well. Again, in the case of SYS, I think there are very savvy people buying on the cheap and the rest of us who are holding, doing so with a high level of confidence in what's being done here. You know, it has adopted state of the art legacy advancements (hope that doesn't sound too oxymoronic) while jumping ahead and claiming a very interesting niche in the real world use space. And they're modifying the base protocol to increase security as well. The only thing I wish there was more of is real PoS. A hybrid 90/10 PoS/POW would set me on fire. |
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Wow. Now that builds confidence I'm sure. You know, there are way of inviting caution, and there are ways of instilling panic. I'm beginning to wonder . . . |
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I can imagine its a relief now that LTC is out of your portfolio. Looked at LTC for a possible future investment but was kinda unsure about it too (it already ballooned from barely $4 in the last 6 months). Do you consider DGB to be a long-term investment? Personally I plan to get rid of them as soon as they result in a measurable profit.
Latest graph of yours still show a solid trend (with 'usual' ups and downs) towards the threshold of 100K!
DGB is a long term long shot. At less than 3% portfolio percentage, it's there for a potential 100x. Every portfolio needs at least one. And who knows, crazier shit has happened. The founder is a well intentioned, totally dedicated chap. He might get lucky. He's listened to the community and implemented one of the better POW's in the business. Should he meet up with a big player, it really could be DGB to the moon. I'm laughing at myself, but I think it's true. And PIVX looks like it' rolling over, and DGB turning up.  |
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Whoa, let's talk about this changeup then, particularly for those of us with a higher basis for their LTC where the current profit is less crazy.  Chart looks low (like, 70% retracement low). Volume also near the bottom seen for the past 6 months. RSI in the 30s. This strikes me as a potential risk of selling low? Past-performance caveats aside, doesn't seem like it has a ton further to go down. Now, I kinda get doubting in the whole 4:1 w/ BTC idea. Less of a TA issue and more of a...idk if public sentiment could ever get it there. But since you did mention fundamentals, what's got you concerned coming from Charlie? Broadly, I've liked that he's been vocal (since it helps the whole public sentiment thing). I also made out very nicely from that atomic-swap test he did between LTC/VTC (thank you for the profit-taking insights!). This is also the first I've heard of ADA, and I'm leery of buying an ICO the day it comes on the market. What's got you interested? Knock me over with a feather! Damn thats a surprising move compared to the past trades, but you have a point about LTC chart looking pretty weak. Any info about ADA that made you jump on it? Im in as well, but not nearly as big a chunk, and not as good of an entry  Yeah, it looks like selling low in BTC terms, but in USD terms, my average sale price on this lot was $53.95, more than a double for me. I know it may come as a surprise, and that I recently said that I think it will go to $100, but I also said that on the 24th when it looked like it was turning higher, and then we got another rally failure. I should get to $100, someday, who knows when, and there could be a lot of pain in between. And I could also be flat out wrong, and it never gets there. In any event, I was beginning to feel very uncomfortable with it, especially with such a heavy weighting. In spite of the atomic-swap achievements and the like, the idea of LTC trading back to $3.00 began to haunt me. That’s a joke, but the low 20’s isn’t a joke – remember just a few short weeks ago Chinese LTC holders saw the low 20’s on forced liquidations. Yes, Charlie’s been very vocal, but I’m really bothered by his continual obsession with Bitcoin. I haven’t done any hard analysis on the subject, but it seems to me like over half of his tweets are Bitcoin related, and usually critical with those he disagrees with. I’d be much less worried if he were focusing more on positives and on Litecoin itself. In short, I’m beginning to question if Litecoin will play the role I thought it would in the advancement and survival of first generation coins (as you know, I think the vast majority of first generation coins will disappear). Watch the chart closely. There’s a gap on the daily chart that appeared today. It’s between .01255554 and .01244728. That could be a breakaway gap, a measurement gap, or an exhaustion gap. Best case scenario is an exhaustion gap as it should be followed by a reversal. It’s unlikely to be a breakaway considering where it is within the larger price range. Most likely it’s a measurement gap – measurement in that it comes halfway between the extremes of the move, high and eventual low in this case. Based on what I see, I think the probabilities are good that the recent spike low at .01134300 is going to be retested. Then there’s the ~.01000000 level which would become the neckline for a massive multi-month head and shoulder pattern that I wouldn’t want to be waiting to see how it works out. And the illiquidity on the buy side is, frankly very concerning: a fundamental aspect of a “saver’s coin” is that it has market makers providing a least a semblance of liquidity, but when you have problems selling a measly 4 BTC worth of Litecoin, it makes you seriously question that premise. I can’t give any kind of advice that would be appropriate for anyone’s particular situation, but I can say that I’d be very careful with LTC going forward. Ask yourself: would you buy LTC right now? Cardano ADA is a IOHK project. It looks like the future of crypto to me, and, having said that, a once in a lifetime opportunity too. I’ll talk more about this in my reply below. ------------------------------------------------o------------------------------------------------ yeah so what is the weight of ADA in your portfolio now ?
I am also curious about your thoughts on ADA. And what will be your "bank" currency now? It appears that what you are holding now doesn't have so much liquidity.
“ Cardano uses a revolutionary new proof of stake algorithm called Ouroboros, which determines how individual nodes reach consensus about the network. “ Ouroboros is the first proof of stake protocol that scientifically has been shown to be provably secure.” https://www.cardanohub.org/en/ouroboros/" designed by an extremely talented team of cryptographers from five academic institutions led by Professor Aggelos Kiayias of the University of Edinburgh." https://whycardano.com/#designing-in-layers-cardano-settlement-layerWe’re talking about some of the best in the world and they’re not operating behind closed doors. “ Cardano has been a marathon project involving feedback from hundreds of the brightest minds inside and outside of the cryptocurrency industry. It involves tireless iteration, the active use of peer review, and shameless theft of great ideas when uncovered.” https://whycardano.com/ More key links about some of the people involved: https://iohk.io/about/ https://iohk.io/research/#researchershttps://iohk.io/projects/cardano/#teamResearch: https://iohk.io/research/papers/https://iohk.io/research/library/ And that’s all really just the “tip of the iceberg”. Once you start looking around, you’ll see that there’s much much more. Yes, it is my largest position now – when I entered, it was equal to the other big three, but with price appreciation, it’s clearly the biggest with STEEM coming in second. Since my strategy is to not take profits on long term investments until they exceed 50% of portfolio value and/or experience a 5x increase, it could possibly continue growing, becoming the de facto “bank”, if we can call it that. With a much larger float, and much larger participation (at least until now), from a liquidity standpoint, it certainly fits basic banking requirements better than others. Thanks btcapollo for pointing out the thread here on BCT. I took a quick look and saw what looks like a lot of useful material (probably all the links I’ve posted here are already there) and will give it a thorough go over when I have the chance (probably this evening). BTW, I also posted a little titbit on Steemit too: https://steemit.com/trading/@cryptographic/cardano-ada-trade-on-bittrex |
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Sold the entire lot of LTC  https://i.imgur.com/gNfmzER.jpgAnd bought ADA for an average price of .00000359 https://bittrex.com/Market/Index?MarketName=BTC-ADA It was a tough call. I wanted a piece of ADA really bad. Whoever I bought from got a minimum of 6x on their ICO price, but you've got to pay up when you're buying post-ICO and it's quality that's not going away. Anyhow, a tough call, as I said, from the point of view of "what do I sell in order to buy ADA?" LTC, the former "bank" got the axe. Its chart just gets worse and worse, and there's nobody on the buy side. On the fundamental side of things, I don't like what I've been seeing these last few weeks from its founder either. Long story short, LTC, member of the old guard, just can't keep up with the pace of change, IMHO. We'll see how it works out. Edit: and a clean double in USD terms (without taking into account any other trades or anything else) on LTC ain't bad either. I'll take it. |
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I just don't understand why BTS isn't flying past the moon. Decentralized exchanges are the future, particularly as countries make knee-jerk reactions and ban exchanges. BTS has been around forever and has an awesome working product, more than can be said for any other DEX.
This has been brought up on a thread of mine, and I'm not sure about just how the China situation really does affect BTS in the long term (in the short term I think the data and price action speak for themselves). Any more thoughts on this? Let's talk Bitshares for a moment (while they're still charting favorably). I like the project (DEX, etc.) and feel perfectly confident that the price will see better days. Not too worried there. Here's my question: Does it potentially overexpose a portfolio to China? I was going through a recent State of the Network post, and I noticed that a substantial amount of trading comes from China (BTS/CNY is 51% of transactions, BTC at 48%). BitCNY is also 69% of all the smartcoins held on the exchange (BitUSD is second at 25%). Presumably this includes external exchanges as well (i.e. the BTC portion), since they'd all need to interface with the BTS network to execute the trade, no? Now, Bitcoin will be fine without China, ultimately, if it even comes to that (figuring any major stakeholders will find a way around). On the flip side, BTS is (apparently?) much more dependent on them. This makes me a little nervous that some sort of mass-FOMO out would do some serious damage to either the price or the project. I could still see BTS pumping arbitrarily, but in terms of long-term prospects, would love to see more diverse adoption. That's one of my chief concerns too, but it works both ways: not having domestic exchanges could be more motivation to hold BTS and trade within the DEX. And I also fully agree that more diverse, and wider adoption, should be (and I think it is in practice) Bitshares' number one priority. |
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Let's talk Bitshares for a moment (while they're still charting favorably). I like the project (DEX, etc.) and feel perfectly confident that the price will see better days. Not too worried there. Here's my question: Does it potentially overexpose a portfolio to China? I was going through a recent State of the Network post, and I noticed that a substantial amount of trading comes from China (BTS/CNY is 51% of transactions, BTC at 48%). BitCNY is also 69% of all the smartcoins held on the exchange (BitUSD is second at 25%). Presumably this includes external exchanges as well (i.e. the BTC portion), since they'd all need to interface with the BTS network to execute the trade, no? Now, Bitcoin will be fine without China, ultimately, if it even comes to that (figuring any major stakeholders will find a way around). On the flip side, BTS is (apparently?) much more dependent on them. This makes me a little nervous that some sort of mass-FOMO out would do some serious damage to either the price or the project. I could still see BTS pumping arbitrarily, but in terms of long-term prospects, would love to see more diverse adoption. That's one of my chief concerns too, but it works both ways: not having domestic exchanges could be more motivation to hold BTS and trade within the DEX. And I also fully agree that more diverse, and wider adoption, should be (and I think it is in practice) Bitshares' number one priority. |
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OP what are your current thoughts about LTC? Will it reach the 100$ mark again in the next weeks, months?
I think the chances are very good. |
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 https://i.imgur.com/dZbXhDb.jpgCurrent weightings: LTC 25.01% SYS 23.61% BTS 22.44% STEEM 19.81% NLG 6.17% PIVX 2.92% BTC .04% Edit: This is what I expect to eventually happen with these guys.  https://i.imgur.com/giWy3Yk.jpgStill not sure just what LSK has got that makes it so special, other than being a local favorite.  |
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