Cryptocalypse-Did you Sell?

a reply to: neo96

Will you do a thread or find a way to communicate if this is a scam or a for real thing? I would love to try it, I do have the computers to crank a mine.

I'm actually apprehensive bout kryptex.

It pays out in BTC.

But they give you 'krptocredits'.

But what the hell.

I've got nothing to lose.

I can still use my pc unlike when I was using Claymore Miner.

originally posted by: seasonal
a reply to: neo96

Will you do a thread or find a way to communicate if this is a scam or a for real thing? I would love to try it, I do have the computers to crank a mine.

Sure will.

The minimum pay out is $6.00.

Plus the BTC fee.

When it gets to around $20.

I'll try to cash it out and see what happens.

Nicehash let's you buy and sell hashing power.

Check them out in the meantime.

originally posted by: seasonal

originally posted by: bluesjr
a reply to: seasonal

I bought my first crypto during the dip.

Was thinking about it for about a month and then saw an opportunity to buy low. Just a small bit of etherium, but a fun investment to watch. I used coinbase, now looking at Poloniex for more variety.

Very good, you are planning for a future that no one has a clue to what exactly it is going to look like.
I have dropped less than 1% of my entire retirement investment in to this crypto world. So I have a cheap used car into crypto, but If I cashed out right now I could by a new f-150 (2X4).
But I am not going to cash out, I think my investments, especially Ripple is going to be world changing, sending cross boarder payments in the banking worlds will be "world changing" anyways.


.

Yea that's about what I'm planning to do, < 1% of my savings. I had an old TDAmeritrade account that had one stock left in it that I hadn't paid attention to for a few years. It was MGM resorts (owners of Mandalay Bay) which took a big hit after the Las Vegas shootings then mostly recovered. So no less volatile than crypto.

I just cashed it out and am moving it all to crypto-currency. I figured I might as well have some more diversity since none of my 401k stuff has any crypto in the portfolio.

Going by the rule to only invest what you can comfortably lose in crypto at this time.

EDIT: For the curious, I looked up the details and MGM didn't take too big of a hit after the LV shooting. Only about 10% then popped back up.

a reply to: neo96

I look forward to hearing.

Held all and bought a little BTC when it was on the way down. A little hesitant to buy at 11.5. Going by a wait and see for a day or two before investing a little more.

a reply to: bluesjr

We will see you, me and the handful of other ATS members are indeed ahead of the game.
I think we are.

Now the real question for what seems like the 7 or so members here at ATS that are invested in crypto, did you sell any of their crypto investments?

Nope, HODL was the word of the day (that's Hold On for Dear Life if you don't know). I didn't sell any. On the contrary, I was actually hoping it would go lower to some of my arbitrarily picked buy points...came close, so I should have, but...eh.

It's all steadily going back up.

I think it was many factors, whales and SN/China fears chief amongst them....

did not sell. This dip didn't phase me, still up a lot... I think bitcoin will be a milion dollars in couple years. I probably wont ever sell, just start using crypto when the technology makes it easy.

a reply to: Gazrok

If we hear the banning news of rumors again, what would be your plan of action if we start to see the top 3 or 4 currencies start to fall?

Sit and wait. I don't have enough into it where I'd panic. Probably the same as the other day...pick some prices to buy at, and go from there. When I sell, it will be to make money, not to avoid losing it. The historical record of growth just seems to mandate this approach.

I didn't sell anything. But to be honest the drop did spook me enough not to buy more near the lows.

Why do people still think bitcoin is going to appreciate in value?

I mean the story of the bitcoin conference that initially was going to allow payment in bitcoin, then denied it's use because the fees were too high says it all. It is not a useful currency at all, and it only gets worse as the difficulty in mining it increases as time goes by.

There is no good reason to believe use of bitcoin will increase - other than it's name recognition - and that cannot overcome it's horrible performance and fees, nor is it the only crypto getting publicity anymore.

It's market dominance is dropping like a rock, the only way I would own any is if it was required by an exchange to trade with.

Why do people still think bitcoin is going to appreciate in value?

Gee....can't imagine why...




Then again, pretty sure that everyone here who has gotten into crypto, has diversified into different currencies and technologies. Bitcoin is simply the standard, so we're going to keep a little there of course. But many of us have our favorites. Personally, I think Ethereum and Ripple are probably in the best positions for growth. But if you have a little in many, you can be best positioned if any one of them really takes off.

a reply to: Gazrok

Ya me too.

Panic selling is a very good way of having to buy back what was sold at a much higher cost. Keeping your hands off the panic button is a great idea in a flash crash.

Why do people still think bitcoin is going to appreciate in value?




Never underestimate the power of FOMO!

a reply to: seasonal

That's the beauty of it...if you are just investing what you can afford to lose, it's actually kind of fun...(maybe I need help)...
And hopefully educational.

I seriously doubt this will be the last big crash, nor do I think the December hike of last year will be unique. Hopefully, next time there is a crash, I'll pick buy spots better. Honestly, I was only a little too low on my points with most currencies. Just missed em...so hopefully next time, I'll be better at it.

And next time there is a big hike, I'll likely sell some just to preserve a decent profit, while still keeping a lot in.

a reply to: seasonal


Ummm...does anyone use coinbase...?


I've been trying to buy from their android app but it seems stuck in a verification loop...Very frustrating...

Is there a better method than this understaffed and over hyped app...?





YouSir

originally posted by: YouSir
a reply to: seasonal


Ummm...does anyone use coinbase...?


I've been trying to buy from their android app but it seems stuck in a verification loop...Very frustrating...

Is there a better method than this understaffed and over hyped app...?

YouSir

I use them, mainly to be able to quickly buy quickly with a credit card or linked bank account...then I typically transfer to another wallet. Any of the exchanges are going to be doing KYC and/or AML verifications in an attempt to prevent money laundering.

It is a pain initially, but Coinbase has pretty high limits once you pass the verification phase.

originally posted by: YouSir
a reply to: seasonal


Ummm...does anyone use coinbase...?


I've been trying to buy from their android app but it seems stuck in a verification loop...Very frustrating...

Is there a better method than this understaffed and over hyped app...?

YouSir

I use coinbase buy eth-lite. They have very poor customer service because they are so understaffed. If you make a ticket have fun waiting for 3 weeks for a tech to get back with you.

Perhaps use a laptop?