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Official BGOL Crypto Currency Thread ★★★★★

http://www.cnbc.com/2017/05/23/jeff-gundlach-has-a-theory-on-why-bitcoin-is-surging.html

Very interesting piece about how there may be a connection with the growth of bitcoin to dip in the Chinese market.

This hits close to home living in LA because these damn Chinese been buying up all the houses since their market has started to tank looking for outside investments. Now they driving the price of crypto up damn get out of my life china!!!! That's why I can't afford a house now cause they have contributed to a huge housing bubble in LA. Also, fucking google and a gang of tech companies have moved to LA so them bitches have driven rents up like crazy.

Anyway we up in this bitch so get all your pennies together let's make some moves!!!
 
LSN said:
it happens sometimes on bittrex...esp. if a coin is on the rise and you are a buy while it fluctuates unless I choose an "immediate or cancel" transaction
Click to expand...


Yes always choose that feature because nobody has time for those orders to wait. However, I did hit big getting some XRP for 11 cent on gatehub because someone accepted my order. So when I have time yes I put in a few orders to see if they hit however unlike gate hub you can't do multiple orders with the same currency. Example: on gatehub if you have 1 BTC and want to put in an order for XRP at a lower price you can do that as many times up to like 6 orders. They stay live till one bites. The BTC is NOT held in those orders its only taken at the moment someone accepts.

With Bittrex, when you put in a order that amount of currency is attached to that specific order and you cannot move or place additional orders unless you have a balance remaining from said order.

So Gatehub is better for that but they only have like 6 coins lol.
 
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Just a heads up.

Be really careful with how you play these low-end alt coins. There is a lot of smart money coming into the market now on the technical end. SV teams that have been building and are releasing a shitload of products/platforms over the next 3-4 months. Not only are they going to suck money out of the marketplace, they're eventually going to kill some of these coins that have underfunded/untalented teams behind them that have solely been able to survive on lack of real competition + market speculation. Bull markets are easy. I don't know when it's coming, but some of these shitty coins that are essentially pump and dumps are going to die. Ive seen this before.. it's late 90s web all over again.
 
Spectrum said:
Just a heads up.

Be really careful with how you play these low-end alt coins. There is a lot of smart money coming into the market now on the technical end. SV teams that have been building and are releasing a shitload of products/platforms over the next 3-4 months. Not only are they going to suck money out of the marketplace, they're eventually going to kill some of these coins that have underfunded/untalented teams behind them that have solely been able to survive on lack of real competition + market speculation. Bull markets are easy. I don't know when it's coming, but some of these shitty coins that are essentially pump and dumps are going to die. Ive seen this before.. it's late 90s web all over again.
Click to expand...
Props
 
Ballhandler said:
Yes always choose that feature because nobody has time for those orders to wait. However, I did hit big getting some XRP for 11 cent on gatehub because someone accepted my order. So when I have time yes I put in a few orders to see if they hit however unlike gate hub you can't do multiple orders with the same currency. Example: on gatehub if you have 1 BTC and want to put in an order for XRP at a lower price you can do that as many times up to like 6 orders. They stay live till one bites. The BTC is NOT held in those orders its only taken at the moment someone accepts.

With Bittrex, when you put in a order that amount of currency is attached to that specific order and you cannot move or place additional orders unless you have a balance remaining from said order.

So Gatehub is better for that but they only have like 6 coins lol.
Click to expand...

You put in an order on GateHub for 11 cents? Even if someone accidentally offered at a cheap price, isn't the highest bid the one accepted?
 
spaceage78 said:
Just had my video conference with poliniex. They're about to approve me up $2M withdraw
Click to expand...
This is a very important post. I'm real curious about the tax implications and what we have to look forward to because I'm sure most of us aren't withdrawing until next year. I wanna know how the capital gains tax tracks this shit because from what I've heard only coinbase has been requested
 
Ballhandler said:
What else can you do with a TOKEN besides transfer it to coins? Does each token rep 1 coin?
Click to expand...


I still don't get the ico concept fully. Is ico a type of launch? How much do tokens cost vs coin and do you purchase with btc direct or thru marketplace? Also is this down pre introduction to the public? And why am I special and getting to purchase early in comparison to the "public"?
 
Spectrum said:
Just a heads up.

Be really careful with how you play these low-end alt coins. There is a lot of smart money coming into the market now on the technical end. SV teams that have been building and are releasing a shitload of products/platforms over the next 3-4 months. Not only are they going to suck money out of the marketplace, they're eventually going to kill some of these coins that have underfunded/untalented teams behind them that have solely been able to survive on lack of real competition + market speculation. Bull markets are easy. I don't know when it's coming, but some of these shitty coins that are essentially pump and dumps are going to die. Ive seen this before.. it's late 90s web all over again.
Click to expand...
Oh you mean like dogecoin
 
Chevyboi3k said:
Props
Click to expand...

I'm going through and reading up on the teams. A lot of these teams are average at best. That's one reason why people should have confidence in Ripple (long-term) because the team is excellent, experienced, and well-funded. Even some of the bets I've made are short-term (because of the current market condition, pending releases, and current low market caps relative to potential) and it wouldn't make the bets if the "prices" weren't right. Some of these teams are going to get killed (and that's even some of the coins I own) unless they raise capital and upgrade talent.
 
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I'm curious...many of us have made alot digitally. That said, has ANYBODY actually withdrew money yet? If so, how was the process?
 
^SpiderMan^ said:
You put in an order on GateHub for 11 cents? Even if someone accidentally offered at a cheap price, isn't the highest bid the one accepted?
Click to expand...

They kept old offers up basically your offer is up until filled. How that old ass offer got field I don't know. But it was on the board during the XRP run and it got pushed off but still remained in my active orders. Happens all the time I have had low prices accepted twice so far.
 
BlackArsenic said:
Oh you mean like dogecoin
Click to expand...

No. Dogecoin is a joke coin that turned into a use-case on reddit. With its float (100B coins) and lack of real team or mission, it will always remain a pump and dump coin.

I'm talking about others that are pushing real tech. You have teams doing distributed storage on the blockchain but their teams are average at best but now Silicon Valley-funded teams with deep storage tech/blockchain experience like Filecoin are coming.
 
Spectrum said:
Just a heads up.

Be really careful with how you play these low-end alt coins. There is a lot of smart money coming into the market now on the technical end. SV teams that have been building and are releasing a shitload of products/platforms over the next 3-4 months. Not only are they going to suck money out of the marketplace, they're eventually going to kill some of these coins that have underfunded/untalented teams behind them that have solely been able to survive on lack of real competition + market speculation. Bull markets are easy. I don't know when it's coming, but some of these shitty coins that are essentially pump and dumps are going to die. Ive seen this before.. it's late 90s web all over again.
Click to expand...

This is with every market. ONLY USE THOSE no tech coins for daily trading I have earned a few bucks buying and selling the same stupid coins like Byte and Doge. Byte doesn't have any development and doge is not a tech coin.

Very high risk
 
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Ballhandler said:
This is with every market. ONLY USE THOSE no tech coins for daily trading I have earned a few bucks buying and selling the same stupid coins like Byte and Doge. Byte doesn't have any development and doge is not a tech coin.

Very high risk
Click to expand...

This is not an everyday occurrence and not an every market type of cycle. You have a rare bubble with lots of dumb money + smart money coming in simultaneously and with well-funded experienced new market entrants. It's going to lead to a blood bath just like the late 90s. History doesn't repeat but it
rhymes.

I'm not just talking about scam coins like Byte and joke coins like Doge that remain viable because of one use case (tipping on reddit).
 
^SpiderMan^ said:
I've been having trouble finding non technical info on Digibyte. What are the things you guys like about it?
Click to expand...

This is what I'm talking about. I'm invested in Digibyte but it's kind of opaque. The main technology they're pushing is Digusign (I know you're looking for non-technical info). That's the one they're pitching to Google, Yahoo, Microsoft, etc in two weeks. I've read details about it... but there is no white paper! That's absurd man.

I'm going through the code and they've done a good job there but their lack of laying out the technical details in a public manner is really amateurish. I've sent messages and talked to the team about it (they've recently hired people to help), but they're doing too much without just executive on a smaller list of things well. Again, that's the mark of an inexperienced team.
 
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Spectrum said:
This is what I'm talking about. I'm invested in Digibyte but it's kind of opaque. The main technology they're pushing is Digusign. That's the one they're pitching to Google, Yahoo, Microsoft, etc in two weeks. I've read details about it... but there is no white paper! That's absurd man.
Click to expand...

See I was confident about Ripple because of all the info that was shared on here prior to most cryptotraders. The info was presented so it was easy to understand the potential value of the product. Most of these cheap coins like Reddcoin and DGB have been performing well but really ambiguous if they have any value. Reddcoin HAS to be cheap if people are going to use it for LIKES or donating. So far DGB's main draw is that it is tied to Minecraft but nobody seems to know how. But their market cap is over 100 million. Many of these cheap coins are today's PINK and PASCAL coins from Jan.
 
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Spectrum said:
This is not an everyday occurrence and not an every market type of cycle. You have a rare bubble with lots of dumb money + smart money coming in simultaneously and with well-funded experienced new market entrants. It's going to lead to a blood bath just like the late 90s. History doesn't repeat but it
rhymes.

I'm not just talking about scam coins like Byte and joke coins like Doge that remain viable because of one use case (tipping on reddit).
Click to expand...

Well that's because of the market being in its infancy stage as it is now. Yes those coins will die out because of true competition but there will always be some around in the market. But it's a good warning nonetheless
 
Here is an example of a cheap coin that actually makes sense. It is the cheapest option for data storage. Simple and easy to understand.
http://sia.tech/

But even then, I see that the team is all former Interns from other companies.
 
I realize we all have our own styles and I'm learning my strategy as I go. I see now, alot of these coins are only pump and dump, IMO. But, if you know the game, you can make money.
I am going to hold onto a few, but I don't feel married to any coin.
Luckily I made six figures off XRP. That was pure luck. But now, I'm learning how to be smarter, realizing I still have alot to learn.
 
^SpiderMan^ said:
See I was confident about Ripple because of all the info that was shared on here prior to most cryptotraders. The info was presented so it was easy to understand the potential value of the product. Most of these cheap coins like Reddcoin and DGB have been performing well but really ambiguous if they have any value. Reddcoin HAS to be cheap if people are going to use it for LIKES or donating. So far DGB's main draw is that it is tied to Minecraft but nobody seems to know how. But their market cap is over 100 million. Many of these cheap coins are today's PINK and PASCAL coins from Jan.
Click to expand...

The gaming initiative really isn't that big (well it's been overplayed by speculators). It's the decentralized document storage/signing product that is major (digusign). So if they don't come out of that pitch in two weeks with some wins, they've got some issues.
 
^SpiderMan^ said:
Here is an example of a cheap coin that actually makes sense. It is the cheapest option for data storage. Simple and easy to understand.
http://sia.tech/

But even then, I see that the team is all former Interns from other companies.
Click to expand...

Yeah. They have a real team behind them. I mentioned them before here... though I would worry about Filecoin coming in and eating their launch. I would also pay attention to their competitors: Storj and MaidSAFE
 
^SpiderMan^ said:
See I was confident about Ripple because of all the info that was shared on here prior to most cryptotraders. The info was presented so it was easy to understand the potential value of the product. Most of these cheap coins like Reddcoin and DGB have been performing well but really ambiguous if they have any value. Reddcoin HAS to be cheap if people are going to use it for LIKES or donating. So far DGB's main draw is that it is tied to Minecraft but nobody seems to know how. But their market cap is over 100 million. Many of these cheap coins are today's PINK and PASCAL coins from Jan.
Click to expand...

True story, after the XRP dump in June, if that price don't get close to a buck, I'm jumping and buying nothing but Bitcoin to hold. I cannot understand why after consensus 17 there was nothing positive from the camp, in fact it seem like all that camp to light was XRP being a stepchild.
 
BlackArsenic said:
This is a very important post. I'm real curious about the tax implications and what we have to look forward to because I'm sure most of us aren't withdrawing until next year. I wanna know how the capital gains tax tracks this shit because from what I've heard only coinbase has been requested
Click to expand...

Speaking of Capital Gains taxes I was doing some watching on YouTube and someone mentioned this about Tether (USDT):



I think there is a good thing about using Tether: you can avoid capital gains taxes in the United States. Every time you cash out any cryptocurrency for US dollars, you will be responsible for paying capital gains taxes if you have profited. If the cryptocurrency world gets too volatile, you could transfer your holdings to Tether (which is stable) without being subjected to any potential taxes by the US government.
 
largebillsonlyplease said:
Minor update. We're going to go with a Slack community since it'll be way easier to keep track of and maintain

So let me know what you want to do- which group you want to belong to and then I'll add you to the working list and we'll be up and running within the week.
Click to expand...
I missed the memo. What page did yall first start discussung this?
 
^SpiderMan^ said:
Here is an example of a cheap coin that actually makes sense. It is the cheapest option for data storage. Simple and easy to understand.
http://sia.tech/

But even then, I see that the team is all former Interns from other companies.
Click to expand...

Had a bunch of siacoin polo forced me to sell it just to move it to bittrex. That was in the middle of the btc run so I said fuck it and never re-purchased.

I am glad all of this has happened though because I will be keeping my 1.8 btc and never touching it period.
 

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