Cryto Currency (Bitcoin, ETH, LTC, EOS, BNB, XLM, ADA)

This forum is for anything not Reason related, if you just want to talk about other stuff. Please keep it friendly!
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stratatonic
Posts: 949
Joined: 15 Jan 2015
Location: CANADA

Post 11 May 2019

challism wrote:
10 May 2019
BTC hit $6360 today. Just look at this month's growth, and the month is only 1/3 over. BTC was at $4000 just a month and a half ago.
So why didn't you start this thread back then?... :P
challism wrote:
11 May 2019
I just made 11% off XMR today. Bought it a day ago, just sold it.
How liquid is the market? Can you buy and sell instantly? It seems from what I am reading, that there is some lag time after a sell order has been placed.
The whole crypto market seems pretty unregulated.
I think it's essential when purchasing software to understand that you are purchasing a license for the software as it is today, not necessarily some fantasy of what you want it to be, nor the ability to influence its future. J Frankel REAPER dev

djadalaide
Posts: 159
Joined: 11 May 2018

Post 11 May 2019


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BRIGGS
Posts: 500
Joined: 25 Sep 2015
Location: Orange County California

Post 11 May 2019

Ah yes, the cost of freedom.

BTW, the universe offers unlimited clean energy...someday more people will care:

https://www.quantamagneticstore.com/
buy BTC

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challism
Posts: 1473
Joined: 17 Jan 2015

Post 13 May 2019

Bitcoin hit $7600 yesterday! DAMN!!!
challism wrote:
10 May 2019
BTC hit $6360 today. Just look at this month's growth, and the month is only 1/3 over. BTC was at $4000 just a month and a half ago.
So why didn't you start this thread back then?... :P
I'm not sure I understand the nature of your question. Your tone seems kind of derogatory, unless I am misreading you. I'm not sure why it matters when this thread was started, does it? It's a thread to discuss crypto. Asking you "Why didn't you comment on this thread earlier" would be an equally moot question, wouldn't it? .....

EDIT: I just noticed your "razz" face after the post. I guess you were joking around with me? And here I was being all serious.
You're right, man. I should have started this thread back when BTC was $100. It was $300 when I first heard about it. I didn't get started until it was at $4000 in 2017. Stupid me! I should have bought it in 2013 (or so) when I first heard about it.

I'm on a number of other forums where I can discuss crypto. RT is the forum where I discuss Reason. I don't really spend much time in "The Kitchen" here on RT. But I have talked with Briggs about BTC privately (due to seeing his signature to "buy Bitcoin") and thought I would post about crypto here in The Kitchen to see who else is into crypto or who might want to learn about it. There is also a promotion going on with Blockchain.com where they are giving away $50 worth of crypto, and I wanted to share that with anyone who is interested. I'm sure there are plenty of people on RT who are curious, and I would be willing to lend them a hand and share what I know.
challism wrote:
11 May 2019
I just made 11% off XMR today. Bought it a day ago, just sold it.
How liquid is the market? Can you buy and sell instantly? It seems from what I am reading, that there is some lag time after a sell order has been placed.
The whole crypto market seems pretty unregulated.
It is very unregulated, yes. It's the wild, wild west. There are both good and bad things about that.

The liquidity depends on what coin you are buying and what exchange you are buying it on. If you are buying/selling BTC, you are sure to have you order filled instantly (assuming you are placing at the ASK/BID prices). You can't place an order for Bitcoin for $1 and expect it to be filled, obviously. But if the ask price is $6999.99 and you place an order for $7000, it would fill immediately after you click submit (assuming you don't have orders in front of you in the order book, at the exact same price. If you do, you could always change your price to $7000.01 and your order would be ahead of all the orders at 7k even.

If you are buying a coin with really low volume, you could be waiting a long time for the order to fill. Most of the top coins on the top exchanges have decent volume and you can get an order placed pretty fast. It all depends on volume. If nobody is buying or selling, the price won't move at all. I don't even look at a coin if it isn't in the top 100 (or 24 hour volume is too low). We will see a lot of coins come and go in the coming years. You don't want to end up holding bags of Sh*t.

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DinoJ
Posts: 69
Joined: 22 Jan 2015
Location: UK

Post 21 May 2019

*raises hand* I only just spotted this thread, another Crypto lover here! :D

Glad to see there are others here too.

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wendylou
Posts: 181
Joined: 15 Jan 2015
Location: Saint Joseph, MO

Post 21 May 2019

I did notice bitcoin in the very beginning, downloaded an app, but never bought any. In 2017, I started to see the meteoric rise and decided I liked Ethereum (ETH) over Bitcoin. So I started trading bigtime on Coinbase, hourly and daily. Things were going very well until I got caught in nosedive across all cryptocurrencies in late 2017 that began while I was sleeping. I had yet to implement automatic trade protections that could have sold when it hit a trip point. Then the IRS decided to tax every trade and I decided to get out completely. I probably broke even or so but did not lose money. It was pretty exciting while it was going up like crazy. I thought I was going to play catch up on retirement savings, but everything changed quickly after the nosedive. Not sure I'll ever get back in.

Jackjackdaw
Posts: 110
Joined: 12 Jan 2019

Post 21 May 2019

I think crypto is really interesting. It's early days but the thing I noticed about it is how many really young, really smart people are working on blockchain projects. I think whatever the future holds it will incorporate at least some of the start-ups that are happening now.

Investment wise it's the wild west for sure. I have a few different coins the one i am most excited about is SEAL, an anti counterfeiting blockchain company working with brands and the EU . If they pull it off their blockchain solution could be a real game changer.

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