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Official BGOL Crypto Currency Thread ★★★★★

Tha Great Muta said:
What makes it a shitcoin exactly? This thread moves so fast I might have missed some information
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the dev not doing anything w/ the platform for almost a year...not just hearsay either @Spectrum sent a roadmap of the project more or less that shows what has/hasn't been done...I posted it a few pages back
 
Studio718 said:
so basically everyday bitcoin got down to $2600 and up to $2900 for the past 2 weeks or so.
thats $300/day if you buy and sell at the right time daily.
I see why people are quitting their jobs to day trade, but its risky.
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I've noticed a pattern of Bitcoin shooting up and all alts in the red, then Bitcoin falling and all the alts is in the green. This pattern has been going on for weeks. This past week when Bitcoing started touching 2900, I spent it all on Alts that I felt were undervalued(Strat was down alot and Waves fell a bit) until I had almost no Bitcoin in my trade account.I also cashed out some Bitcoin. I did have a little doubt when Bitcoin rose to 3k, but then I look this morning and Bitcoin predictably tumbled. The "Buy low and sell high" has been the mantra for business forever. Cashing out and deploying Bitcoin when it gets high(around the 2800 mark) and selling alts when the alts get high and Bitcoin is relatively cheap. Of course leaving the "keepers" alone.

RoomService said:
why does coin base have bitcoin @ almost $175 more than polo or bitt
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Because they sell Bitcoin easily but make it hard for you to cash out. You really don't need much ID to buy Bitcoin and the more you buy, they more they extend your limits for Buying. But selling? They ask alot of questions,then still not approve and their customer service sucks.

Studio718 said:
I think it will.
I remember when it was at $12 too and people were posting all the videos about smart contracts and how huge that is.
think we got caught up with the whole finding the next ripple cheap coin that we all just overlooked the importance of smart contracts and all the real companies that are signing up/using it.
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IMO XRP was a perfect storm for us and many of us got a false sense of the market and our knowledge of it. Just weeks ago many of us discussed just throwing money at random coins that were under a penny with the idea that they would rise like XRP. The difference is that we discussed XRP at length, posted news about it everyday, and understood that it had a great shot to be valued more due to the constant stream of news about its progress. Then it worked and we made money. The difference is that many of the newer people are spending THEIR money on these coins. When the coins go down they lose THEIR money. Many of us that has been here awhile are alot more open to risky opportunities because many of us are just using money we made off XRP. I really enjoy the posts of people like @Spectrum because he questions over zealousness and presents good analysis. Looking back, many of us threw thousands of dollars at Verge but really have no idea what its value is, its team, or how their progress has been. Really can't compare that to XRP where we were up to date on every article concerning it, knew about the Escrow, the former partner, every bank that was partnering with them etc etc etc.
 
Coinbase looked at me and said :hulksmash2: and is giving me the business.

All the red with alts. Was about to get some more coin without dipping into holds. The fucking site is down for maintenance. Damn.
 
^SpiderMan^ said:
I'm curious, why?
XRP is at one of its lowest points. What about Verge and SC makes you confident that they will rise more than XRP at its lowest point? Honestly, i'd feel more comfortable doing the opposite.
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Easy, All the coins are low right now. At least the ones I want or have.
The rate that the other coins will go up will be at an exponentially higher rate than XRP
If XRP moves .10, those 25k will only be worth $2,500... and that's .10 (which is a lot)
I can make more than that just by XVG, SC or even DGB correcting itself
To each his own but I have a shit load of money sitting in XRP that could be flipped elsewhere and FAST
 
gene cisco said:
Coinbase looked at me and said :hulksmash2: and is giving me the business.

All the red with alts. Was about to get some more coin without dipping into holds. The fucking site is down for maintenance. Damn.
Click to expand...

Coinbase is as crooked as a barrel of snakes. Whenever anything semi-significant happens in the crypto-market regarding any of their coins, they will go down quickly. I can't count how many times I've looked at the charts, saw an opportunity, and was thwarted because coinbase was "mysteriously" undergoing problems with the very coins I was looking to manage. Unfortunately, using coinbase is normally the most convenient option for those of us in the US. However, the lesson is: do not rely on Coinbase for anything in an emergency or obvious money-making situation. If there is an arbitrage or buy/selloff situation that is obvious to the public, they will either be shut down for maintenance or extremely slowed down, potentially fucking you over even worse by holding your money in limbo during the situation.

Unfortunately crypto is not yet built for mass scale trading, be it by design or just young age. Either way, for your sanity, never rely on coinbase. Wait it out, or have another backup option ready.
 
jiggga said:
Coinbase is as crooked as a barrel of snakes. Whenever anything semi-significant happens in the crypto-market regarding any of their coins, they will go down quickly. I can't count how many times I've looked at the charts, saw an opportunity, and was thwarted because coinbase was "mysteriously" undergoing problems with the very coins I was looking to manage. Unfortunately, using coinbase is normally the most convenient option for those of us in the US. However, the lesson is: do not rely on Coinbase for anything in an emergency or obvious money-making situation. If there is an arbitrage or buy/selloff situation that is obvious to the public, they will either be shut down for maintenance or extremely slowed down, potentially fucking you over even worse by holding your money in limbo during the situation.

Unfortunately crypto is not yet built for mass scale trading, be it by design or just young age. Either way, for your sanity, never rely on coinbase. Wait it out, or have another backup option ready.
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Is there a decent alternative or are we stuck with coinbase? I don't mind a little inconvenience if it means that I can buy or sell when I need to.
 
praetor said:
Is there a decent alternative or are we stuck with coinbase? I don't mind a little inconvenience if it means that I can buy or sell when I need to.
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There's not a lot of great options in the US that I know of. Truthfully, they may be just as prone to slowdowns or price gouging. However, the only other ones I can think of are... Kraken, Bitstamp, Gemini or Localbitcoins
 
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jiggga said:
There's not a lot of great options in the US that I know of. Truthfully, they may be just as prone to slowdowns or price gouging. However, the only other ones I can think of are... Kraken, Bitstamp, Gemini or Localbitcoins
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Thanks. I might split my coins between several sites. At least that way if one site goes down I can still buy/sell on the other sites.
 
An RnB Thug said:
Easy, All the coins are low right now. At least the ones I want or have.
The rate that the other coins will go up will be at an exponentially higher rate than XRP
If XRP moves .10, those 25k will only be worth $2,500... and that's .10 (which is a lot)
I can make more than that just by XVG, SC or even DGB correcting itself
To each his own but I have a shit load of money sitting in XRP that could be flipped elsewhere and FAST
Click to expand...

Yep. I'm mostly in XVG now because my multiplier is more favorable than XRP. Although I will get back in XRP eventually.
 
jiggga said:
Coinbase is as crooked as a barrel of snakes. Whenever anything semi-significant happens in the crypto-market regarding any of their coins, they will go down quickly. I can't count how many times I've looked at the charts, saw an opportunity, and was thwarted because coinbase was "mysteriously" undergoing problems with the very coins I was looking to manage. Unfortunately, using coinbase is normally the most convenient option for those of us in the US. However, the lesson is: do not rely on Coinbase for anything in an emergency or obvious money-making situation. If there is an arbitrage or buy/selloff situation that is obvious to the public, they will either be shut down for maintenance or extremely slowed down, potentially fucking you over even worse by holding your money in limbo during the situation.

Unfortunately crypto is not yet built for mass scale trading, be it by design or just young age. Either way, for your sanity, never rely on coinbase. Wait it out, or have another backup option ready.
Click to expand...

Coinbase is a killer. Damn. Wish Localbitcoins was like it was back in the day. I'm playing with house money, but when I want to put more in, I want it in.
 
An RnB Thug said:
Easy, All the coins are low right now. At least the ones I want or have.
The rate that the other coins will go up will be at an exponentially higher rate than XRP
If XRP moves .10, those 25k will only be worth $2,500... and that's .10 (which is a lot)
I can make more than that just by XVG, SC or even DGB correcting itself
To each his own but I have a shit load of money sitting in XRP that could be flipped elsewhere and FAST
Click to expand...

Best of luck.
 
CurtDawg said:
While on my lunch break, I just checked my portfolio, and saw EVERYTHING in the red
Fam.....I'm damn near about to cry right now
Weeks worth of profits, gone in just 1 day

:sad::sad::sad:
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You gotta ride the wave fam. It's part of the journey.:cheers:

But I'm learning to take some fiat when all the coins are green so I can look at my real bank account and cheer myself up :yes:
 
CurtDawg said:
While on my lunch break, I just checked my portfolio, and saw EVERYTHING in the red
Fam.....I'm damn near about to cry right now
A weeks worth of profits, gone in just 1 day

:sad::sad::sad:
Click to expand...
whenever i can watch during the day I always make money even on red days. it's like i have to babysit these markets. that's why i talked about quitting my job. i make 900-1500 daily when I don't have to worry about going to work

spectrum you're killing me
 
Do people have trouble cashing out on coinbase? or just buying?

I haven't done it yet but I did link the paypal account to my bank account so I can get my fiat. Is this a problem for most people??
 
LSN said:
fuck it...I'm about to get my TJ swan on and go shopping for some coins...shit is dirt cheap right now
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Hey the same article that said Monero was gonna rise to 60 bucks this summer and saw the tide of ETH also said Maidsafe would be $600 in a few years....just putting that out there
 
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Raymond said:
Just a heads up, QRL is now at $0.48
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fuck I shoulda setup a buy...was looking to buy some more it's already back up to $0.73...only thing in my portfolio that's green right now...damn coulda easily got up to 10k QRLs @ that price smh...my movements have just been off these last couple fucking days man :angry:
 
Somehow I'm actually up at the moment shockingly with my XVG, DOGE, RDD, ETH, and QRL mix.
I'm curious to see how tomorrow plays out... i did a wire transfer of $2500 last week and got aprox .8 BTC. That price dropped drastically but i'm afraid that i wont be getting the fill at the new rate, rather the old rate :angry:
 

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