Official BGOL Crypto Currency Thread ★★★★★

[Raymond]

There's blood everywhere and the biggest hit of course has been IOTA.

 

[Tha Great Muta]

What's the consensus of everyone holding and hoping everything rebounds soon or selling to avoid any major losses?

In my opinion I think it's always best to hold. Weak hands will always lose but it's easy for me to say that because I'm not throwing thousands into the game.

Instead of dreading days like this I'm trying to figure out how people get wealthy off of this shit. Knowing my luck as soon as I get paid tomorrow shit will hit a all time high

 

[LegalMoney]

Strong hourly candle, built a floor at $2,034...it just has to consolidate in this area for the next few days and everything will explode up next week.

 

[Raymond]

There is no consensus, it depends on your trading style.

For me, if I get confirmation of a down turn I'm taking a large portion of profits to cash. The remaining digital assets will be used to make money shorting the market instead of going long on coins.

Most are still bullish on Bitcoin and this may just be a natural correction but if it dips back sub $2k and shows signs of serious down pressure then its a wrap for a few months.

Any "bottom" would be $1400 or so which isn't terrible but your portfolio would be diced to shreds if you hold and do nothing until then.

Do you immediately convert the BTC to USD or just leave them as BTC?

 

[Tha Great Muta]

Do you immediately convert them BTC to USD or just leave them as BTC?

I think you would immediately cash out to USD because if you leave it as BTC the value will be all over the place

 

[Hey Julian!]

Do you immediately convert them BTC to USD or just leave them as BTC?

USD Tether

 

[Tha Great Muta]

USD Tether

Can you convert USDT to USD or do you have to convert it BACK to BTC first?

 

[dat_cartel_boi]

ETH and XRP look to be recovering a little. I'm pulling some profits if it goes up a little more.

 

[Studio718]

Bitch ass coinbase

 

[Tha Great Muta]

Bitch ass coinbase

Let me guess...your trying to get some BTC on the low and so is every body else do shit is fuckin up?

 

[Spectrum]

Overall I don't think anything is wrong with giving each other the heads up on our ideas/moves, however, I don't think it's realistic to think people are going to give hours/days notice before they move. The market moves way to fast.

I didn't say anything about giving days notice. But if people can say something the day they buy, they should be able to say something the day they sell.

 

[Spectrum]

It's not just crypto. You have to look at everything as a whole. Even stocks, fiats, etc are getting crushed.

 

[Studio718]

Let me guess...your trying to get some BTC on the low and so is every body else do shit is fuckin up?

Not even trying to buy.
trying to send it to bittrex so I can buy ripple.

 

[Dannyblueyes]

I'm having trouble with the yobit exchange. Recently I bought a bunch of INSANE coin on the tail end of a pump. The sale took nearly 12 hours and by the time it was completed everyone dumped and I was left holding the bag.

Anyone have one that turns around faster?

 

[Raymond]

It's not just crypto. You have to look at everything as a whole. Even stocks, fiats, etc are getting crushed.

Yes. It's just a pullback due to overvaluation of tech stocks.

 

[Spectrum]

If you been wanting to buy a particular coin, now is your time to buy it. It likely won't stay like this for long. Once it starts coming back, it will come back quickly.

 

[Studio718]

HNIC bought $100k worth of ripples at 0.005 and wants to send me a PM talking about opening the board and make it ad based. LOL

 

[Tha Great Muta]

HNIC bought $100k worth of ripples at 0.005 and wants to send me a PM talking about opening the board and make it ad based. LOL

And he's still not a big balla

When cacs completely take over BGOL I'm goin full lurk mode

 

[Notorious P.I.M.P.]

What's the best way to get out of Bitcoin for the time being and be in cash?

 

[LegalMoney]

Do you immediately convert the BTC to USD or just leave them as BTC?

I cash out BTC to USD and leave it in Coinbase USD wallet.

I read about tether but I'm not sure how to use it. People say its a way to circumvent recognizing gain when selling BTC since it locks in your USD value in an altcoin.

But when you change it back to BTC if you get more BTC than you had when you first tethered its still a recognizing event.

But imma look into it.

 

[Moving Target]

best bet is convertng to USDT (tether) im doing some of that right now.

 

[Tha Great Muta]

I cash out BTC to USD and leave it in Coinbase USD wallet.

I read about tether but I'm not sure how to use it. People say its a way to circumvent recognizing gain when selling BTC since it locks in your USD value in an altcoin.

But when you change it back to BTC if you get more BTC than you had when you first tethered its still a recognizing event.

But imma look into it.

Would like your opinion on this, I've posted it before but don't think you've chimed in

 

[Spectrum]

An important metric to watch is the overall token market cap: If this doesn't get back up, you know people are selling into fiat. That's a problem if it continues

• 
  Market Cap: $94,827,113,642
  • 
    
  • 
    

 

[Spectrum]

HNIC bought $100k worth of ripples at 0.005 and wants to send me a PM talking about opening the board and make it ad based. LOL

Are you serious??

 

[Studio718]

What's the best way to get out of Bitcoin for the time being and be in cash?

USDT.
https://steemit.com/cryptocurrency/...edging-and-profit-taking-strategies-explained

 

[SlimKid07]

HNIC bought $100k worth of ripples at 0.005 and wants to send me a PM talking about opening the board and make it ad based. LOL

Is this a joke?

 

[LegalMoney]

Would like your opinion on this, I've posted it before but don't think you've chimed in

Just learned about Tether it looks official!!

For the gains that I want to reinvest I'm going to trade into USDT that's the best way to buy cheap Bitcoin when it tanks!

Coinbase punk ass down again they are only good for holding cash that's it. Can't buy Bitcoin on a downturn when that shit is unavailable.

 

[Studio718]

just fucking around lol.
I don't see why he wouldn't have bought some xrp tho.

 

[Tha Great Muta]

Just learned about Tether it looks official!!

For the gains that I want to reinvest I'm going to trade into USDT that's the best way to buy cheap Bitcoin when it tanks!

Coinbase punk ass down again they are only good for holding cash that's it. Can't buy Bitcoin on a downturn when that shit is unavailable.

How do you go about cashing out? Do you send to Paypal then transfer to your bank account?

 

[LegalMoney]

Are you serious??

Whoa whoa hold up...

This better be a joke. If he colluded with the Op and they fostered an environment to hype Ripple and they both benefit from it that's some shit.

There are some here holding hundreds of thousands of dollars of Ripple with dreams of selling at $1 one day while the Op dumped millions of Ripple and ran off.

 

[Ballhandler]

Are we losing to the trading war to Bots? I'm sure the same thing is happening to the crypto market.

http://www.investopedia.com/news/jp...topedia.com&utm_term=9849175&utm_medium=email

That's going to always happen so its not a big deal really. Also happens on those daily sports betting sites the pros are running scripts. But if you are investing and not day trading these things won't effect you. You can get the price you want.

 

[LegalMoney]

just fucking around lol.
I don't see why he wouldn't have bought some xrp tho.

The ironic thing is if you look at the OPs Ripple account on a Block explorer he had millions of Ripple before he made this thread. He also has hundreds of transactions to other Bitstamp wallets and some Coinbase ones.

So it isn't a far stretch to assume that others profited too.

 

[Studio718]

There are some here holding hundreds of thousands of dollars of Ripple with dreams of selling at $1 one day while the Op dumped millions of Ripple and ran off.

On his show this morning he broke the first rule of BGOL. screen shots and all.

 

[Tha Great Muta]

Whoa whoa hold up...

This better be a joke. If he colluded with the Op and they fostered an environment to hype Ripple and they both benefit from it that's some shit.

There are some here holding hundreds of thousands of dollars of Ripple with dreams of selling at $1 one day while the Op dumped millions of Ripple and ran off.

Yup. Some foul shit....The OP should report to the hand verification thread

Seriously tho I knew XRP wasn't gonna put me at the million mark when I seen that Pascal coin that was the same price ($.005) explode to $1.31

 

[Studio718]

The ironic thing is if you look at the OPs Ripple account on a Block explorer he had millions of Ripple before he made this thread. He also has hundreds of transactions to other Bitstamp wallets and some Coinbase ones.

So it isn't a far stretch to assume that others profited too.

He explained that he bought in at 0.0001 cents back in December.
I'm still grateful for the thread and the opportunities he presented many of us with.