Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
Makes sense. But just keep sending out reminders for others to join. Yeah i will dm you the email when it's all up and running.
Good looking out. No attitudes please folks we all here with the same goal. Give what you can no judges lol.
Concur.
Looks like this is the only thing I've been sort of good at lately. Put me in this one.
More than I knew 10 minutes ago...thanks
Do you mind if I ask what your exit strategy is going to be? Meaning, are you going to keep your money as BTC and withdraw to another site like Coinbase to cash out? Or does Polo have a direct deposit option linked to your bank account (Like Coinbase) ? Thanks for any insight
Read through an interesting analysis about what drove the xrp price increases. Includes responses by Joel Katz in the comments section
https://steemit.com/ripple/@olyup/fck-you-money-the-rise-and-fall-of-xrp
https://steemit.com/ripple/@olyup/fck-you-money-the-rise-and-fall-of-xrp
Yeah that's all I needed to see
This is what I was saying earlier and it's the only thing that scares me about XRP
"In fact, through a partnership with Earthport, Bank of America Merrill Lynch has been using the Ripple network to conduct certain transactions since 2013 without using XRP in any way. The InterLedger Protocol allows network fees to be denominated in other currencies, meaning no Ripple user ever needs to own XRP."
cool...if anything this convinced me to sell off my XLM...cuz they will end up hurting more in the long run than ripple/XRP if there's any truth to this
already been mentioned/discussed and the stink dude carries around...as the article mentions and cats have alluded to before...him parting ripple was a good thing
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Man. That really looked like a massive pump and dump and they have evidence to support it.
got everybody on this page saved.
y'all said gatehub only got 6 coins...I'm not only tryna get more XRP
^one of my biggest concerns. Hopefully this doesnt go crashing down to a penny.
Fellas. I don't know when it's coming, but it's coming. The more and more I'm reading up on the teams and techs from a lot of this alt coins, it's really scary how much of this is being driven by pure speculation. I'm not going to post another one like this, but just be careful.... sometimes it can go bad very quickly
http://continuations.com/post/161091248805/some-lessons-i-learned-from-the-dotcom-bubble-for
Some Lessons I Learned from the Dotcom Bubble for the Coming Crypto Bubble
I spent a bunch of time at Consensus and Token Summit this week. If it wasn’t clear before, we are headed into a crypto currency bubble. Now a bubble isn’t in and of itself a bad thing. In fact almost every wave of technology has brought with it a financial bubble phase (eg care for Railway Mania in Britain). During this phase a lot of financial capital flows into a sector which finances real innovation and accelerates the buildout of physical infrastructure. The same will be true for the crypto currency bubble and the buildout of the decentralized Internet (see my recent quote in the Economist).
Now what was eye opening to me is how young most of the players in the crypto currency space are. Many of them were not around as either entrepreneurs or investors in the Dotcom Bubble. So as someone who was, I thought I would share some lessons learned.
1. Retain your critical faculties. After the Dotcom Bubble was over, looking back much of it seemed like a fever dream. You get swept up in it, are surrounded by others who are as well, and a powerful internal logic takes hold, where everything is evaluated only in relation to other parts of the bubble and not the world at large. So: figure out how to clear your head. Take a vacation if necessary.
2. Beware vanity metrics. Because of the focus on internal logic that I was describing above it is especially important to look beyond vanity metrics (eg in the Dotcom Bubble it was pageviews or worse yet cumulative registered users). Instead to get a sense of where we are, look for metrics of actual adoption by endusers.
3. Make yourself antifragile. This is maybe the single most important lesson. Do not, under any circumstance, borrow to invest in a bubble. You will be in an extremely fragile position if you do because of violent prices movements. Realize that you can be borrowing implicitly if you use (smart) contracts that short the market or have leverage built into them. Instead, make sure you have plenty of dry powder / segregated funds available for the time after the bubble. The best way for doing so is to intentionally take some money off the table on the way up (incidentally, the more people do that, the less of an extreme run up there will be).
4. Watch out for outright scams. One of the great things about a bubble – see my intro paragraph – is that it finances many experiments. And as society we need a lot of experiments to see what works. Most of the people I have met in this space are genuine in their desire to build a decentralized world that empowers the network participants (over the network operator). But there are and will be more people who see this as a get rich quick opportunity. As I said at Consensus: Buyer Beware!
I would be remiss if I didn’t also point out one mistake in the other direction. Not getting involved because you think it’s a bubble that will be over shortly. Nobody can really predict timing (somebody will always be right after the fact). If you believe in the importance of decentralized systems, get involved now and use the advice above to put yourself in a position where you can stay involved for the long run.
http://continuations.com/post/161091248805/some-lessons-i-learned-from-the-dotcom-bubble-for
Some Lessons I Learned from the Dotcom Bubble for the Coming Crypto Bubble
I spent a bunch of time at Consensus and Token Summit this week. If it wasn’t clear before, we are headed into a crypto currency bubble. Now a bubble isn’t in and of itself a bad thing. In fact almost every wave of technology has brought with it a financial bubble phase (eg care for Railway Mania in Britain). During this phase a lot of financial capital flows into a sector which finances real innovation and accelerates the buildout of physical infrastructure. The same will be true for the crypto currency bubble and the buildout of the decentralized Internet (see my recent quote in the Economist).
Now what was eye opening to me is how young most of the players in the crypto currency space are. Many of them were not around as either entrepreneurs or investors in the Dotcom Bubble. So as someone who was, I thought I would share some lessons learned.
1. Retain your critical faculties. After the Dotcom Bubble was over, looking back much of it seemed like a fever dream. You get swept up in it, are surrounded by others who are as well, and a powerful internal logic takes hold, where everything is evaluated only in relation to other parts of the bubble and not the world at large. So: figure out how to clear your head. Take a vacation if necessary.
2. Beware vanity metrics. Because of the focus on internal logic that I was describing above it is especially important to look beyond vanity metrics (eg in the Dotcom Bubble it was pageviews or worse yet cumulative registered users). Instead to get a sense of where we are, look for metrics of actual adoption by endusers.
3. Make yourself antifragile. This is maybe the single most important lesson. Do not, under any circumstance, borrow to invest in a bubble. You will be in an extremely fragile position if you do because of violent prices movements. Realize that you can be borrowing implicitly if you use (smart) contracts that short the market or have leverage built into them. Instead, make sure you have plenty of dry powder / segregated funds available for the time after the bubble. The best way for doing so is to intentionally take some money off the table on the way up (incidentally, the more people do that, the less of an extreme run up there will be).
4. Watch out for outright scams. One of the great things about a bubble – see my intro paragraph – is that it finances many experiments. And as society we need a lot of experiments to see what works. Most of the people I have met in this space are genuine in their desire to build a decentralized world that empowers the network participants (over the network operator). But there are and will be more people who see this as a get rich quick opportunity. As I said at Consensus: Buyer Beware!
I would be remiss if I didn’t also point out one mistake in the other direction. Not getting involved because you think it’s a bubble that will be over shortly. Nobody can really predict timing (somebody will always be right after the fact). If you believe in the importance of decentralized systems, get involved now and use the advice above to put yourself in a position where you can stay involved for the long run.
Thus
This is why we need to develop our own coin and marketplace. The real come up is in these network fees. Let's get the ball rolling. I'm trying to learn to code TODAY! Just spent $150 on books that teach coding.
FCK ME smh
My exit strategy will be to transfer bitcoins to Kraken and then from kraken directly to my bank account
Yeah same here, kraken let's you move bigger volume
Kraken doesn't have the sexiest UI but they seem really legit. Straight up and down business not that flashy/ janky Poloniex shit.
Yup but I'm applying for enhanced verification on Bittex if I get that then there will really be no need for me to use Kraken it'll just be the place I store shit
If I can extract the larger volume right from bittrex which already has every coin? shiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiit -Clay Davis
But Kraken is directly linked your bank acct, Bittrex is not. You would still have have to use coinbase or something else if withdrawing from bittrex
Plus I hope everybody gets a offline wallet. Keeping too much shit on a exchange is just too risky
Fuck this market is crazy.....
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