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81  Alternate cryptocurrencies / Altcoin Discussion / Re: which is more scary... on: November 14, 2019, 03:01:54 AM
Well, typically a dump is due to manipulation, so in a way it's best to be scared of both of them. If referring to price retracement, that's normal ... but that's kind of like a baby-sized dump.

I suppose I'd be more afraid of dumps than manipulation though, as I just assume the entire market is manipulated. And it's possible to time sells before a manipulated dump occurs (as it's typically preceded by a pump). Just a flat out dump ... such as if a dev leaves a coin, or something similar, that's sometimes really difficult to predict.
82  Alternate cryptocurrencies / Altcoin Discussion / Re: Alt-coins with practical use on: November 13, 2019, 06:44:12 PM
I wonder how you define "practical use" here Smiley Utility tokens with some kind of working product? Or just some useful coins without any strict conditions? Most of the coins claim their practical use in WP Smiley

Depending on the definition of 'practical use', we can say most top 100 coins at least have a practical use... or pretty much none of them do.

To me, practical use means a real-world use in effect today. And it doesn't mean exchange tokens or the fact folks can buy some random things using LTC from some oddball site, when fiat would make more sense. There are some reward programs (IOTA, BAT), that I suppose would qualify, but they aren't exactly world-shattering usage examples. Tracking items is another use, but again, it's a pretty dinky use.

Cryptos used in 3rd world countries with hyperinflation could be considered a use. But that's hardly limited to alts, btc I expect would be the main coin used. Actually a stablecoin would make the most logical choice, but not sure if any have really caught on for that purpose.
83  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you sell a million dollars bag of crypto? Would you trust exchanges? on: November 13, 2019, 08:16:16 AM
Use a decent size exchange that is at least somewhat regulated, as others have mentioned, and you should be fine -- Binance, Coinbase, Gemini etc. Plenty of folks sold huge amounts at the end of 2017/18, and when liquidity is there, even a million is just a drop in the bucket.

It's probably not the best idea to use yobit, or some exchange in a country you never heard of, but that's just common sense.
84  Alternate cryptocurrencies / Altcoin Discussion / Re: 32 ETH for staking?! on: November 13, 2019, 08:08:33 AM
Did Vitalik though people in the crypto world are rich people now?  Grin

Yes, that is a lot of money and I wont risk that much just for staking. I know I could keep it in my wallet but the thing is how about the new guy?
$5760? That is just $180 per ETH. What if it goes larger?
You are right, an average person like me cannot reach that kind of amount in just a blink of an eye. Maybe it will take 6 months of my salary without eating anything.  Grin
They should lower the requirement.

As others have stated, too low an amount isn't ideal either. I realize $5800 isn't a small amount of money to some, but we aren't talking about Dash masternode numbers here.

I also don't quite understand why anyone would make that big a deal of it anyway. 5% year on a coin that sometimes fluctuates more than that in a day ... it's not like holding 32 ETH will provide huge rewards and remain a stable price. Take your money and stick it in a 5% junk bond if you really, really want that 5%, it'll be more stable than ETH or any crypto.

And I assume there will be pools, so go with that if you want.
85  Alternate cryptocurrencies / Altcoin Discussion / Re: Alt-coins with practical use on: November 13, 2019, 03:21:24 AM
Is the OP asking what coins feasibly could be used in the real world, or which currently are? There aren't a whole lot that actually does anything that many folks are using.

Even for ETH, what has it mostly been known for, cryptokitties? I say this as someone who holds some ETH and I like its potential, but so far that is all it really is, potential. Coins like Golem aren't really used for anything, to the best of my knowledge. Yeah, they had a plan, but it's not really come to much.

I think ADA is used for tracking sneakers, or something like that. Jaguar and IOTA has some sort of rewards program I think. Not sure if that really counts. Umm... Doge for betting sites and transferring funds between exchanges? DASH/BCH if you happen to live in Venezuela and your currency fluctuates more than crypto does?

I guess BAT could be said to have a practical use -- pretty much a reward system for suffering through web ads. But it's not exactly a widespread use just yet, and requires KYC, and only really pays anything at all if you happen to live in the right country.

86  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple CEO: As many as 99% of all cryptocurrencies will likely go to zero, on: November 12, 2019, 06:17:08 PM
99% is an overestimation in my opinion. One could argue only 1% of crypto will eventually have a real world use, but as we have seen, speculation tends to be the main aspect of crypto. And I don't think that will change anytime soon. So although many coins may die, I think this conversation will go on for a while yet ... years from now there may be less coins, but I don't think as many will go to zero as some think.
87  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ANALYST: ALTCOIN SEASON has almost arrived on: November 11, 2019, 06:24:44 PM
Analysts have been predicting an auction season for a while now.  Although I remain optimistic as I have a rather substantial altcoin holding,  I do think the auction season may take longer to manifest than is projected as a result of this unpredictable price action with BTC.

My problem with analysts is there over smartness in giving open ended predictions without time frame and thus limit. It is as good as someone with basic economics knowledge saying that bitcoin will get back to 20k usd which is pretty much like a fact with all the news of adoption happening lately


I wouldn't say anything related to crypto is a 'fact' ... so although I agree that BTC will eventually get to 20K and I feel likely surpass it, I wouldn't treat it as a fact.

And I too have found analysis somewhat useless. There is too much manipulation, and let's not pretend it's just related to junk coins with low volume, it applies to the top coins and btc as well. Then consider the weird btc-altcoin correlation, where even if an alt looks like it should do well by the charts, btc crashes the party and does its own thing, killing pumps randomly. Typically analyst info reads something like, coin may crash to <some level> but if it doesn't, it may go up to <some level>. Yay ... basically coin may go up or down, but nobody has a clue what it'll do.
88  Alternate cryptocurrencies / Altcoin Discussion / Re: Sold my house for buying altcoins need your help on: November 10, 2019, 08:53:02 PM
Has the OP ever replied back in this entire thread? I see it's been ongoing, but pretty sure way back in the thread it was discovered through previous posts the OP didn't actually sell a house... or ever own a house to begin with.
89  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ANALYST: ALTCOIN SEASON has almost arrived on: November 09, 2019, 07:20:50 PM
Here we are 7 months away from the Bitcoin having, so I think sometime in the next 5 months there is going to be Bitcoin run-up near if not beyond its ATH. With that most alts will certainly go up. How much depends on how crazy that FOMO feeling gets, and the quality of the alt. It is hard to predict exactly when but I get that gut feeling we are going to see a big run, but probably not as crazy as 2017.

I agree with you. Altcoins might not have the kinda fuel to make moves like it did in 2017 and if there's going to be moves, selected key alts will make the biggest moves. As for the price level for Bitcoin, I'm sure It'll exceed the all time high abd beyond. Bitcoin halving is a big deal. I expect the price to reflect that.

I expect an altseason, if it occurs, to be much more selective as well. Perhaps top 100-200ish coins increase somewhat, but it'll only probably be a handful of alts that really provide decent returns.

And I too think BTC will eventually exceed its ATH, although I'm not so certain it'll occur when the halvening does.. or a least I don't think it'll far exceed it. If going by past history, BTC may get close to or nudge slightly beyond ATH, fall back a bit, and we may need to wait a year or so for it to really take off. It also wouldn't surprise me in the least if we see BTC do what LTC recently did with its halvening -- BTC increases, possibly between 10-20K, but 2 or so months before the actual halvening date. Then it does the dump thing before the event, meaning prices had gotten baked in early.
90  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ANALYST: ALTCOIN SEASON has almost arrived on: November 08, 2019, 06:42:33 PM


The Facebook Libra coin that I thought would have boosted the altcoins market is not being appreciated by the government, so they might actually not launch the project that we have all anticipated for. The only factor that I am considering causing the altcoin season to start is that of Ethereum 2.0. Since Ethereum has been the backbone of some of these projects, I expect the same Ethereum to do that magic this time around after the new upgrade has been done and released.

Libra seemed to have the opposite reaction (when first announced), by boosting BTC, but smushing alts in the process. Early-mid summer and BTC and Alts were chugging along fine, hand in hand ... Libra announced, BTC goes nuts, Alts smushed.

But I agree, if altcoin season does come around again, ETH 2.0 could be a factor. Only problem is, isn't ETH 2.0 supposed to start rolling out (1st phase) like 2 months from now? You'd think there would be more hype or movement already. Then again, crypo has it's own weird sense of time ... maybe 2 weeks before the event is when prices start to move.
91  Alternate cryptocurrencies / Altcoin Discussion / Re: Need suggest invest in small amount on: November 08, 2019, 05:19:45 AM
If you wish, you may get a hundred USD from your Bitcoin portfolio and put them in altcoins such as Litecoin or Ripple or add them to Ethereum. They will grow not just in USD value but also in Bitcoin value. That is like earning double.

I'd suggest he leaves his BTC alone. Not that you can't be right, but we can't just say put BTC into ltc, xrp or whatever and they'll increase against BTC. This last year is evidence of the complete opposite occurring, alts are getting crushed by BTC. I assume you meant to say they MAY increase in BTC value, not WILL.

If the OP was asking what to do with his BTC and ETH, I too would say just leave them alone, don't touch them. If he meant he has other money to invest then best he does his own research.
92  Alternate cryptocurrencies / Altcoin Discussion / Re: Need suggest invest in small amount on: November 08, 2019, 04:42:28 AM
As someone already asked, how much do you plan to invest, what risk tolerance do you have, and what sort of returns are you looking for?

Safest way to go would simply be to invest more into BTC.

NOBODY can reliably tell you what IEO is a good investment, by the way. Asking folks here what coins to invest in will simply get you a list of what others invested in... doesn't mean they are good projects.
93  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Staking on Coinbase is now LIVE on: November 07, 2019, 06:33:32 PM
Yep, it's close to +40% today because of CoinBase.
That's an outrageous gain based on this news.  Exactly what is the unique service coinbase is providing here?  The ability to not have to keep your computer running all day and night, which is what you usually have to do with pos coins?  That doesn't seem to me to be significant enough to justify a 40% gain.

Plus people shouldn't keep their coins on *any* exchange for long periods of time, even on a legitimate exchange like coinbase.  When are people going to learn this?

I find it a little odd too. I mean it's not exactly that big a deal to leave a cheap, power efficient computer running in the background ... staking rewards should easily outpace whatever small electricity bill you get.

I also wouldn't recommend leaving coins on any exchange, although I would feel at teensy bit safer leaving them on a big exchange like coinbase. Do they at least have some sort of insurance, I assume? Anyway, I might be okay leaving a reasonable amount at coinbase (let's say 1-2K in fiat), but for large holders I'd be wary leaving coins on any exchange too long.
94  Alternate cryptocurrencies / Altcoin Discussion / Re: Peter Schiff: China’s Gold Backed Crypto is better than Bitcoin on: November 06, 2019, 06:40:28 PM
As others have already stated, it doesn't mean much. Schiff is a gold nut.

It's like if King Midas was going around knocking bitcoin because it's not made out of gold. Schiff would have us using tiny gold coins to pay for groceries.
95  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ANALYST: ALTCOIN SEASON has almost arrived on: November 05, 2019, 07:26:54 PM
Again? Market's in upward trend this year but who to believe and what would you consider as a proved indicator?

https://beincrypto.com/altseason-has-almost-arrived-for-altcoins-according-to-analyst/?utm_source=reddit&utm_medium=social&utm_campaign=cryptocurrency&utm_content=ff

Sure, some claim that the altcoin season is about to come, others predict the death of most altcoins, and the third group has its own claims. Nobody knows anything for sure. Altcoins follow Bitcoin, and Bitcoin price does what it wants. That's about the gist of it.

That pretty much sums it up. Nobody really has a clue what will happen. Except maybe some giant whales, but I doubt whales would bother posting in this forum.

BTC holders predict the death of most altcoins, altcoin holders predict an alt season, and everyone else just kind of shrugs, having no idea what will happen. The latter is the only really accurate thing, it's all guesswork.

If an altcoin season does eventually arrive, I have a feeling it won't be anything like 2017-18 -- more like altcoins improve, but we aren't talking about anything crazy like last time. It may also be more selective... well, it'll definitely be more selective than last time, when pretty much every coin went nuts.

96  Alternate cryptocurrencies / Altcoin Discussion / Re: Stellar burned half of it's supply and Price Spikes on: November 05, 2019, 06:54:14 PM
I was wondering why Stellar did that little pump there, thought perhaps there was a new partnership or some other sort of news. But burning half the supply would do it...

I can't help but wonder what the SEC thinks when things like this happen and if it pushes a coin further into the security category in their minds.

I don't hold any Stellar nor mean this as FUD, or really care either way. Just curious how coins get around being a security when they do things like this.
97  Alternate cryptocurrencies / Altcoin Discussion / Re: Best altcoin to invest excluding ETH on: November 03, 2019, 08:56:42 PM
at this time I prefer USDT as the best altcoin and suitable for investment, because the price of the coin can be classified as a stable coin and far from the risk of losing money, but if you want to choose a coin under $ 1 then the right choice is doge, the explanation same as I said before.

Extremely weird choice, as mentioned in the thread above. Unless you are getting some sort of decent loaning rewards for holding USDT on an exchange, I can't fathom why anyone would hold USDT.  It's not really an investment, no more than holding fiat is.

It's like saying invest in dollars and stuff them under your bed. Yeah, they won't lose money (except against inflation), but that's not really an investment strategy.
98  Alternate cryptocurrencies / Altcoin Discussion / Re: Will You Support Or Have You Supported A Coin That Makes A Comeback on: November 03, 2019, 06:12:31 PM
As already stated in this thread, those coins that are 'resurrected' typically have short 2nd lives... they are simply pumps after a new dev chomped up super cheap coins. It's kind of like a premine without a developer having to admit to a premine. Actually it's kind of smart from a dev standpoint.

However unless you too are holding the same coin at supercheap prices, it's kind of risky to jump back in during this 2nd pump, so typically I stay away unless I spotted a good entry point. But usually my trading eyes aren't that sharp.
99  Alternate cryptocurrencies / Altcoin Discussion / Re: WHEN ALTSEASON? are we waiting for nothing? on: November 02, 2019, 08:24:00 PM
Think it's 50/50. What about you?

I don't think that there is a 50% chance. In my opinion, at the most it is 20%.

And by using the term "alt season", if you mean all the altcoins rallying (just like the case in 2017), then I am afraid that your dreams may never come to fruition. Back in 2017, we had a lot of immature and greedy investors who pumped a lot of money in to the shitcoins. That is not going to repeat because many of these users exited after incurring losses and the remaining ones have learnt their lesson not to deal with shitcoins.

There can be an alt season in the future. But don't expect all the 10,000 plus alts to go up this time. The next rally (if it occurs) will be confined to a few dozen coins. The other shitcoins may move up temporarily under the influence of the genuine coins, but they will crash once the initial hype is over. Now the trick is to identify the best coins, but it will be like searching for a needle in the haystack.

If an altcoin season arrives, that's how I'd expect it to play out too. Junk coins will remain junk, and perhaps a couple of dozen (or less) coins from the top 100-200 may rise. But even then, I wouldn't expect anything crazy, more like simply retracing back to values (in btc, not fiat) to the earlier summer months. So for some, they may still be at a loss regardless.

Or it may be a weird season, like asian coins rising primarily due to China's influence, or something odd like that. Who knows...
100  Alternate cryptocurrencies / Altcoin Discussion / Re: Is running DASH masternode more profitable than HODLING bitcoin? on: November 02, 2019, 08:10:18 PM

so that means it's not worth to SELL bitcoin to buy DASH or any other altcoin for that matter. One should try running DASH masternode only if buying via fiat and not sell bitcoin to buy DASH masternode. Correct?

Or the other way to look at it -- you would have been much better off simply investing in BTC with your fiat.

As for alts, it's all about timing. Actually that applies to BTC too. But if you bought DASH when it was super cheap (it was as low as .25 at one time) and sold at its ATH, you would have outpaced BTC by quite a bit and made a ton of money. However if you bought a DASH masternode at its ATH and held to today, primarily thinking about ROI from rewards, not price, you would have lost over a million dollars.

So if you think DASH will outpace BTC, go for DASH. Otherwise BTC. And nobody can tell you where the markets will go.  Once ETH becomes a staking coin, I also wonder if it'll attract some of the 'rewards investors', which means folks will flock to ETH for rewards instead of DASH. ETH certainly won't require such a large investment as DASH does.

You could always throw a little into DASH if you are unsure,  thinking perhaps it'll do the crazy pump thing in the future, but again I wouldn't focus on staking rewards as the determining factor.
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