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Discussion in 'Channel Zero' started by JesusMachine, Dec 13, 2017.

  1. NightmareOnElmStreet

    NightmareOnElmStreet Veteran Member

    Joined: Apr 17, 2006 Messages: 8,389 Likes Received: 511
    Any of you crypto nerds know where a guy might be able to trade some of these sealed blue labels for coin? I know they’re like sticker gold, so I thought I’d pop in to see.

  2. Mercer

    Mercer Moderator Crew

    Joined: May 2, 2007 Messages: 10,649 Likes Received: 1,064
    Pretty sure we've hit the floor, I think this entire month is going to be shitty though. From what I've noticed you can tell it's hit the floor in major corrections like this when it's between half, and a quarter of the all time high price, and trading volume starts picking back up.

    I don't fuck with anything I don't think is useful, or has serious potential outside of price. I'm not the best person to ask about this. IMHO the days of putting in a few cents and getting returns in the tens of thousands of percentile within months are pretty much over for non-accredited investors. One of the low cost coins I think has serious potential for 2018 is ADA, I also see Ethereum as severely undervalued at this point. EOS is also good a good hedge against Ethereum much like ADA is. EOS requires balls, and a little bit of technical know how to properly register the ERC20 tokens on my ether wallet via smart contract which is scary for most people, but a serious advantage to anyone willing to go through the learning process. Although I do hold bitcoin cash I don't recommend it as an investment unless it's potential is being measured against BTC, I just support their cause. TBH I don't think there's any "exchange of value" focused cryptocurrencies outside of Monero that have potential this year, including BTC. The market seems to be shifting away from cryptocurrencies, and into cryptoassets like Ether and other smart contract platforms. I only like Monero because of it's anti surveillance properties.

    Absolutely not, I know people who've lost a lot, either by trying to outsmart the market, or by having their funds sitting on an exchange that gets pwnt. During the aforementioned ETH flash crash people had market sell orders if the price drops below "X" well, if it drops below "X" and keeps going down because everyone else was thinking the same thing, by the time your order is filled you might be one of the people that sold at $10. I don't even like holding anything on exchanges, even the super reputable ones. I will make fiat deposits into them, and hold the fiat with buy orders for when the price dips but that's it. Looking back at my moves, the best ones hands down were buy and hold. I did get some trader luck on a shitcoin investment (IOTA). Truth be told I honestly had faith in the project back when it took a certain degree of technical prowess to even HODL, and later lost faith when I looked into it more. Luckily when I lost faith, the price was hitting gains in the thousands of percentile. I'm not saying day trading is bad, I'm sure there are people who consistently make gains, I've just never met one myself and more often find people that lose out in the long run.
    ClueTwo and LastBoyScout like this.
  3. misteraven

    misteraven Administrator

    Joined: May 7, 1999 Messages: 8,901 Likes Received: 376
    Thanks for taking the time to respond @Mercer . Definitely got me thinking...
  4. LastBoyScout

    LastBoyScout Dirty Dozen Crew

    Joined: Jun 5, 2003 Messages: 2,194 Likes Received: 37
  5. Mercer

    Mercer Moderator Crew

    Joined: May 2, 2007 Messages: 10,649 Likes Received: 1,064
    Lost $45 on fee's and overdraft charges, but ETH, LTC, and BTC went up and gained $450 which is nice.

  6. LastBoyScout

    LastBoyScout Dirty Dozen Crew

    Joined: Jun 5, 2003 Messages: 2,194 Likes Received: 37
    Bummer glad the coins are going back up
  7. Mercer

    Mercer Moderator Crew

    Joined: May 2, 2007 Messages: 10,649 Likes Received: 1,064
    Didn't really get over-drafted, just thought it was a funny situation during the market upswing, deserving of a meme reference.

    I actually had to cash out a pretty large amount recently for a move, and was hoping for a mistaken double deposit into my bank. Too bad the market was down when I'm moving into a new place, $4200 security deposit is killing me. Wish the new landlord would allow for an Ethereum smart contract security deposit, that would be nice to cash out in a few years when I move.