wait...are you saying 1300 dollars USD? if so, I know where to swing my next investment capital.
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
Peace Family hope everyone survived today!
Real quick I was reminding the fam that generally when Bitcoin rises in value altcoins dip accordingly since they are priced against BTC.
Ex. 1 Litecoin was priced at .01200 before the dip at a USD value of $17.39. Around that time 1 BTC was worth $1,390. Great.
As BTC shot to a new ATH and with the massive influx of new money pushing BTC to the high of $1,536, about a 10% increase, .0120 BTC equaled close to $19.
To same 1 LTC worth $17.39 corrects its BTC value down 10% to .0108.
If you purchased that 1 LTC before the dip for .0120 BTC at $17.39 and sold it for the same $17.39 after the dip you'd lose .0012.
Compound that over thousands of units and you see why the market tanked and holders sold to protect not the USD value of their investments but the BTC value!
Remember if your random shit coin is worth $100 its only worth $100 because it can be traded for BTC. Without Bitcoin its worthless.
"Alts are what we trade to get more Bitcoin"
Does anybody lend their bitcoin?
Free fragments of bitcoin sounds very enticing.
Free fragments of bitcoin sounds very enticing.
the dump has started
thats what the ytd chart indicated....
Wow! #Altseason is over.
Everyone was a technical analysis guru the last two months but the King is back.
Bitcoin is going to $2000 by years end lets see whose really good when only one or two alts are green at a time.
so should I sell all my alts and get bitcoin? or stay sitting on xrp. I sont have a lot of money in alts...most of my money is in btc, eth, etc, xrp,
Nah don't sell your Alts! You got the perfect hedge setup.
When BTC starts going sideways and dips the money flows back to Alts most definitely the largest market caps.
We all got to ride out this BTC rally until the Alts catch up
no just wait until the cycle turns and BTC is down and Alts are up... Don't throw your money away
So what youre saying is that we should only dump altcoins when BTC breaks its record... but any other BTC drop and rise we should ignore and hold on to Altcoins?
So with the Ripples that I bought when this thread first began, can I sit on those or do I need to dump them high and then come in at a lower price when it drops again?
So what alt coins do we buy into during this fire sale besides the usual suspects? (ETH, XRP,LTC)
I would only dump alts to chase Bitcoin if your profit percentage in BTC is outside of BTC's percentage rise.
Ex. I bought Syscoin at 2000 sats ~ $.02 it rose to 5000 sats ~ $.05. I gained 3000 sats for ~150% profit. I wouldn't sell Sys for a 10% BTC reduction since I can afford to lose some BTC.
However, if I entered at 4500 sats and only have a 25% profit I'd consider selling now to assure some BTC profit since BTC is going to continue to rise for this month.
Bought some more Strat and Nav with some BTC I forgot that I was lending on Polo.
Great prices.
Thanks!
Umm you know that started off of a meme right?
These Lending rates are almost worthless. I considered moving all of my XRP from Kraken to Polo to put it in Lending but .0015% would give me less than 3 XRP a day.
the rates go up during a pump and dump
Wow....
Because of how trading is based on Bitcoin, its easy to disconnect the trading from actual dollars and cents. I started buying back in January. I made some really bad decisions too( the worst was selling all of my Polo XRP for 1.2 cents during the pump then trying to buy it all back at 3 cents during the pump). I assumed I was pretty much even. Well this morning I added up all of my deposits on Coinbase and then added by dollar worth on Kraken and Polo and see I actually tripled my money. So far i've made just under $15K since January without even realizing it thanks to BGOL. Lets get this money bruthas.A year or two from now we gonna fuck around and make millions.
Because of how trading is based on Bitcoin, its easy to disconnect the trading from actual dollars and cents. I started buying back in January. I made some really bad decisions too( the worst was selling all of my Polo XRP for 1.2 cents during the pump then trying to buy it all back at 3 cents during the pump). I assumed I was pretty much even. Well this morning I added up all of my deposits on Coinbase and then added by dollar worth on Kraken and Polo and see I actually tripled my money. So far i've made just under $15K since January without even realizing it thanks to BGOL. Lets get this money bruthas.A year or two from now we gonna fuck around and make millions.
Dump high and re buy low that what I'm doing. I made 9k off of this thread
Congrats bro, with patients we can make a lot dough here...
How much better is Kraken than Polo. Polo has the most legit interface but I hear alot of y'all talk about Kraken. I'm probably gonna need a laptop exclusively for trading. What about Bitrex?
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Kraken is ok, and it just implemented another interface for trading which is better than before. The problem with Kraken is doesn't have the variety of coins that sites Polo has
I think Poloniex is laid out a lot better than Kraken from a functionality and ease of use standpoint. I find Kraken really confusing to get a lot of things done, not nearly as straightforward. The problem that I have with Poloniex as I mentioned earlier is that its failed twice when shit was important. First time was the weekend when XRP was on its way to tripling in price and I wanted to buy more. The site froze for everyone and I ended up buying at a much higher price than I wanted to. Second time being yesterdays GNO release. Im probably going to checkout Bittrex or Cryptopia soon, but I do prefer Poloniex for daily trading.
Wow! Im up to about $2000 profit over the last 2 months... I had a patience problem for a while
Personally I think of Kraken as my savings for my XRP and Poly as my trading site.As I make gains in trading, I send some to my Kraken account to add more XRP. This keeps me from making emotional trading decisions with my saved XRP. The only downside is that I can't loan it on Kraken. Its like a non interest Savings account.
$$$Off-topic Discussion potential new hustle$$$
On Bittrex I bought a new coin called GUP (Guppies) which is a currency for this project called MatchPool.
Essentially MatchPool is a service for creating human connections, but its immediate market is dating.
**MatchPool is completely decentralized**
With MatchPool there are two types of users: hosts and joiners.
A host creates a "pool" and pays a fee to MatchPool in Guppies and joiners pay the host a fee for joining the pool.
The host can recommend connections and if two people are interested in each other the host gets more Guppies.
Now my first instinct was to bring this to y'all as an idea to make money if this takes off for hosting pools for various topics...
...
But the BGOL in me asked the question:
"if this is decentralized and the government can't track who you communicate with and who you pay, then couldn't a host set up a decentralized Backpage or prostituting pool?"
Since the host sets the fees for matchmaking what's stopping the host from virtual pimping?
Thoughts?
https://matchpool.co/
On Bittrex I bought a new coin called GUP (Guppies) which is a currency for this project called MatchPool.
Essentially MatchPool is a service for creating human connections, but its immediate market is dating.
**MatchPool is completely decentralized**
With MatchPool there are two types of users: hosts and joiners.
A host creates a "pool" and pays a fee to MatchPool in Guppies and joiners pay the host a fee for joining the pool.
The host can recommend connections and if two people are interested in each other the host gets more Guppies.
Now my first instinct was to bring this to y'all as an idea to make money if this takes off for hosting pools for various topics...
...
But the BGOL in me asked the question:
"if this is decentralized and the government can't track who you communicate with and who you pay, then couldn't a host set up a decentralized Backpage or prostituting pool?"
Since the host sets the fees for matchmaking what's stopping the host from virtual pimping?
Thoughts?
https://matchpool.co/
Its funny you say this because that is what I instantly thought. Paying a stranger to hook you up for romance didn't make sense.Especially when its so easy to be exposed to other people online now. It seemed like a front for Prostitution. One obstacle to that on here is that people would meet the chick then say they dpon't like her to get the refund afterwards.
That's a great point and I read about their refund policy.
Since MatchPool doesn't administer the activities in the various pools the host would be the point of contact and if the smart contract is written correctly then it could make all transactions final and nonrefundable.
Of course there are a litany of other issues, but it got me thinking.
Shit if we don't want to host we all could be "money men" the ones who have the Guppies since joiners have to buy Guppies from PayPal.
If people want to remove that last connectable transaction (PayPal keeps track of all purchases) they can come to the "money man" for Guppies in exchange for cash at a premium.
Guppies are then sent anonymously like any other crypto coin.
This shit may be major..
not bad
gno coin is up today
Nothing is stoping a nigga from using this to put hoes on the track. BTW this is not a sure thing but I saw on Bitcointalk that iEx.ec (RCL) might be the next coin added to polo. RCL is a competitor to GNT.
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