Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
Right. When the fuck are they going to put XRP on coinbase
man that shit aint coming to coinbase smh. i beginning to have doubts with this shit and i got in early and have made some bread cashed a few stacks out but damn that 20,000 btc was more than likely the height of btc. the problem is no new money is coming in the game like it did last year We need new money in the game and i mean a lot of new money BILLIONS upon BILLIONS.
New money came in during the winter hype and got destroyed by old money dumping on them. They ain't coming back to this, and I don't blame them. Credit card purchases are banned. Governments are snooping around(this is the biggest problem).
All this KYC/AML bullshit. It's like 1 million fucking ICOs with cats dumping any ETH/BTC they get for fiat. Also, who is telling anyone to get into crypto like we did last year?
New money came in during the winter hype and got destroyed by old money dumping on them. They ain't coming back to this, and I don't blame them. Credit card purchases are banned. Governments are snooping around(this is the biggest problem).
Yes my Point exactly. Tempted to cash out I’m way up at this point ans was even able to go to last years Super Bowl of some of my profits. I can’t be mad. In hindsight I wish I would have put more into the game initially tho
In my opinion, I think we’ve seen the bottom of this current bear market, but it’s going to continue for the rest of the year and probably longer. Similar to the 2014 correction when it initially jumped over $1000 then came back down to under $200. $20k was 2018’s $1k and $5-6k is the bottom.
Just like we saw everyone hyped up in 2014 and the correction chased away the new money and uneducated, we’ll see the same after this correction. It’ll be 1-2 years and some innovation will spark interest and we’re off to the races again. I’ll be looking to cash out about $2x,xxx ideally to buy a couple properties in Detroit and just let the rest of my portfolio sit.
I was big on Masternode coins for the last couple months, but that led me into learning about staking which is way easier and can be just as profitable without the technical know how. So I’ll pick some decent coins to stake and let my money make money while this bear market continues.
Some good coins to stake are NavCoin, OKcash and if you have Neo, you already know that produces Gas.
PS: Staking is just leaving your wallet open. This helps the coin’s network and you are rewarded for that. The more coins your staking the more frequent your rewards.
Just like we saw everyone hyped up in 2014 and the correction chased away the new money and uneducated, we’ll see the same after this correction. It’ll be 1-2 years and some innovation will spark interest and we’re off to the races again. I’ll be looking to cash out about $2x,xxx ideally to buy a couple properties in Detroit and just let the rest of my portfolio sit.
I was big on Masternode coins for the last couple months, but that led me into learning about staking which is way easier and can be just as profitable without the technical know how. So I’ll pick some decent coins to stake and let my money make money while this bear market continues.
Some good coins to stake are NavCoin, OKcash and if you have Neo, you already know that produces Gas.
PS: Staking is just leaving your wallet open. This helps the coin’s network and you are rewarded for that. The more coins your staking the more frequent your rewards.
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Yeah, still way up and can't be mad at all. Took profits along the way.
This ain't nothing like 2014. First, governments are now involved. 2017 was able to happen because governments weren't nosing around centralized exchanges looking for manipulation. Governments/banks have proven they can stop people from getting in and out. It's no longer a theory. Sell OTC if you want to and risk a fed case.
Second, -- and this is very, very important -- private businesses like IBM have their own blockchains and are on TV promoting them. Noting like that happened between 14-17. Going to be hard pushing how a project will disrupt an industry when shit is already on the blockchain. None of the big corporations need to run ICOs to launch blockchains. What's going to happen when companies like Visa are using blockchain in 2019 and folks still trying to say such and such crypto is going to disrupt payments?
Last but not least, too many people got fucked during the last hype cycle. What chainanalysis said makes perfect sense. Long-term investors have dumped on short-term speculators since the last hype cycle and there has been an exceptional transfer of wealth to the tune of 30 fucking billion dollars since December.
We knew 2018 was going to be the last year for gains like 2017(between governments and private companies, we knew), but governments moved much faster than expected with their fuckery. Thankfully, most of us are still up a lot. But remember, so are the long-term holders who are supposedly dumping and taking profits.
I’m not pessimistic about the private adoption of blockchain. All that does is prove Bitcoin’s underlying technology is sound. Governments are going to act like governments and we’ll know empires don’t last forever. Private adoption of blockchain won’t prevent a train wreck of an economic system. The original point of Bitcoin and appeal of Bitcoin still remains. Decentralization of currency , something governments in their current state can’t risk adopting. I still believe mass adoption will happen and it’s not going to be with the major world powers, it’ll be the small countries with weak currencies and terrible governments. All it takes is two people agreeing something has value and when there’s enough common knowledge to know BTC can’t be centrally controlled by any government it’ll gain in worth. How long that will take? Who knows ,but governments fucking themselves over has never failed.Yeah, still way up and can't be mad at all. Took profits along the way.
This ain't nothing like 2014. First, governments are now involved. 2017 was able to happen because governments weren't nosing around centralized exchanges looking for manipulation. Governments/banks have proven they can stop people from getting in and out. It's no longer a theory. Sell OTC if you want to and risk a fed case.
Second, -- and this is very, very important -- private businesses like IBM have their own blockchains and are on TV promoting them. Noting like that happened between 14-17. Going to be hard pushing how a project will disrupt an industry when shit is already on the blockchain. None of the big corporations need to run ICOs to launch blockchains. What's going to happen when companies like Visa are using blockchain in 2019 and folks still trying to say such and such crypto is going to disrupt payments?
Last but not least, too many people got fucked during the last hype cycle. What chainanalysis said makes perfect sense. Long-term investors have dumped on short-term speculators since the last hype cycle and there has been an exceptional transfer of wealth to the tune of 30 fucking billion dollars since December.
We knew 2018 was going to be the last year for gains like 2017(between governments and private companies, we knew), but governments moved much faster than expected with their fuckery. Thankfully, most of us are still up a lot. But remember, so are the long-term holders who are supposedly dumping and taking profits.
Yeah, still way up and can't be mad at all. Took profits along the way.
This ain't nothing like 2014. First, governments are now involved. 2017 was able to happen because governments weren't nosing around centralized exchanges looking for manipulation. Governments/banks have proven they can stop people from getting in and out. It's no longer a theory. Sell OTC if you want to and risk a fed case.
Second, -- and this is very, very important -- private businesses like IBM have their own blockchains and are on TV promoting them. Noting like that happened between 14-17. Going to be hard pushing how a project will disrupt an industry when shit is already on the blockchain. None of the big corporations need to run ICOs to launch blockchains. What's going to happen when companies like Visa are using blockchain in 2019 and folks still trying to say such and such crypto is going to disrupt payments?
Last but not least, too many people got fucked during the last hype cycle. What chainanalysis said makes perfect sense. Long-term investors have dumped on short-term speculators since the last hype cycle and there has been an exceptional transfer of wealth to the tune of 30 fucking billion dollars since December.
We knew 2018 was going to be the last year for gains like 2017(between governments and private companies, we knew), but governments moved much faster than expected with their fuckery. Thankfully, most of us are still up a lot. But remember, so are the long-term holders who are supposedly dumping and taking profits.
Very well said. That’s one of the main reasons as why I haven’t just taken it all out at this point. Feds acting like it’s a crime to have alternative currency smh. I have September 27th as my date of no return.
Same here. Even with my, relatively light investiments, i'm way up, playing with the house's money. Never understood the HODL thinking.
It's just crazy times. Even Lee dumped his LTC. The Tron guy got caught dumping. The people who were for the original point of decentralization of currency seem to mostly left the building for comfy fiat.
While the private adoption of blockchain might not affect BTC right away, it's probably going to kill a lot of the alt coins. U.S. government is clear it's anti-crypto/pro-blockchain.
Shit. Keeps bleeding like this and I'm locking in all profits much sooner. If they aren't going to even give us a pump fake for June, shit is bad. Governments cracking down on manipulation is fucking terrible for any hope of a run.
Folks who are on SODL are running around telling people to buy and HODL their bags.
It's no longer a theory. Sell OTC if you want to and risk a fed case.
What do you mean by this?
"Over the Counter". I think he means trying to trade crypto unregulated.
Trades like we used to do on Localbitcoin. Back in 2013, I could just deposit money into your account and get BTC. Now there is all this KYC/AML and money transmitter license fuckery.
Shit is hot -- at least in the U.S.
ICOs are Securites, ‘Don’t Know How Much More Clear I Can Be’: SEC Chairman
Bitcoin and ethereum are not securities, but some cryptocurrencies may be, SEC official says
The SEC's point man on cryptocurrencies and initial coin offerings (ICOs) says that bitcoin and ethereum are not securities but that many, but not all, ICOs are securities and will come under the regulatory control of the SEC and relevant securities laws.
"Central to determining whether a security is being sold is how it is being sold and the reasonable expectations of purchasers,"
Hinman said the primary issue in determining whether cryptocurrencies and ICOs were securities was the expectation of a return by a third party, specifically whether there was a person or group that sponsored the creation and sale of the asset, and who played a significant role in its development and maintenance. For purchasers of the asset, the key is whether they are seeking a return on the investment.
If there is a centralized third party, along with purchasers with an expectation of a return, than it is likely a security, Hinman said.
https://www.cnbc.com/2018/06/14/bit...ryptocurrencies-may-be-sec-official-says.html
Bitcoin and ethereum are not securities, but some cryptocurrencies may be, SEC official says
The SEC's point man on cryptocurrencies and initial coin offerings (ICOs) says that bitcoin and ethereum are not securities but that many, but not all, ICOs are securities and will come under the regulatory control of the SEC and relevant securities laws.
"Central to determining whether a security is being sold is how it is being sold and the reasonable expectations of purchasers,"
Hinman said the primary issue in determining whether cryptocurrencies and ICOs were securities was the expectation of a return by a third party, specifically whether there was a person or group that sponsored the creation and sale of the asset, and who played a significant role in its development and maintenance. For purchasers of the asset, the key is whether they are seeking a return on the investment.
If there is a centralized third party, along with purchasers with an expectation of a return, than it is likely a security, Hinman said.
https://www.cnbc.com/2018/06/14/bit...ryptocurrencies-may-be-sec-official-says.html
Has anyone transferred their Tron back to an exchange for the coin migration?
https://globalcoinreport.com/tron-t...rway-dont-miss-your-chance-to-move-the-coins/
https://globalcoinreport.com/tron-t...rway-dont-miss-your-chance-to-move-the-coins/
SC should be a good Buy in the Long Term right now
this is good news to me....this means that not all of the erc20 based tokens are securities either.
https://www.coindesk.com/sec-official-ether-is-not-a-security/
https://www.coindesk.com/sec-official-ether-is-not-a-security/
The bottom fucking line is that the SEC is over its head and using it's status to bully the market. If ETH the fork isn't a security, is ethereum classic? As for erc-20 tokens, ICOs are trying to silence talk about price and exchanges, but 'investors' are on other websites talking price and exchanges. So if it's about expected returns, it's obvious people expecting returns.
personally I think its two things its muthafuckas moving to areas where electricity is cheap, and mining the fuck out of bit coins and selling them
for quick profits...
in addition to the fuckin greedy ass fuck faggot irs..
who came up with taxing muthafuckas on every trade..
that had to have an impact on day to day trading..
Im just gonna forget about all this crap continue to hodl
an know it has to go up...maybe next year maybe in 2025 but it has to go up..
we heard so much fuckin news aka fud that bought shit down
it only matter of time we here news that bounces shit back to the moon..
big shout out to the law of large numbers
Hell no it won't be the bottom if it's really a dump. It's not just about BTC. Those big alt profits and folks who tethered up seem to be swapping for fiat. Only way through in most cases is BTC. Ain't even FUD or 'weak hands' at this point. If it looks like a duck, walks like a duck, it just might be a fucking duck. Nothing wrong with taking profits.
They just can't pump shit no more with governments all over exchanges snooping. Look back at some of the alts that pumped 2017 and in the winter. Best game to play for awhile now been bittmex.
NEO (NEO)
$33.18 USD (-12.02%)
0.00544906 BTC (-2.48%)
Funny how some of us were saying how we wish we'd gotten in on a crypto when it was still way cheap....
Now I'm sittin here wishing I had known these prices were going to fall this low.
I started snatching up NEO back when it first dropped to $90
Elastos (ELA)
$22.38 USD (-18.88%)
$33.18 USD (-12.02%)
0.00544906 BTC (-2.48%)
Funny how some of us were saying how we wish we'd gotten in on a crypto when it was still way cheap....
Now I'm sittin here wishing I had known these prices were going to fall this low.
I started snatching up NEO back when it first dropped to $90
Elastos (ELA)
$22.38 USD (-18.88%)
Just watch that shit. Neo was about $1 june last year. GAS was like 15 cents. I still hold some, but they haven't really even decentralized yet.NEO (NEO)
$33.18 USD (-12.02%)
0.00544906 BTC (-2.48%)
Funny how some of us were saying how we wish we'd gotten in on a crypto when it was still way cheap....
Now I'm sittin here wishing I had known these prices were going to fall this low.
I started snatching up NEO back when it first dropped to $90
Elastos (ELA)
People can think NEO is on sale at $15 and GAS on sale at $5 while early folks dumping to fiat. 
Could still be a ways to go to the bottom.
NEO (NEO)
$33.18 USD (-12.02%)
0.00544906 BTC (-2.48%)
Funny how some of us were saying how we wish we'd gotten in on a crypto when it was still way cheap....
Now I'm sittin here wishing I had known these prices were going to fall this low.
I started snatching up NEO back when it first dropped to $90
Elastos (ELA)
I remember when Neo was AntShares and some pocket change my G
I do gotta buy some if NEO dips more
Yeah man, it's crazy looking back. I'm looking back at prices for alts and it's easy to see why the market might be bleeding. If you got in at antshares, you give a fuck about the price of BTC. You looking at the fiat price of your profile. Miners profits be damned.I remember when Neo was AntShares and some pocket change my G
I do gotta buy some if NEO dips more
Stratis folks from early 2017 still have a long way to dump. BNB. Waltonchain.
Just sharing a tweet I saw
shit this might not be the best time to hope in for the newbies
just had someone call and ask to guide them through setting up account
Hell no. Last year around this time, I was trying to get people involved. Now, I wouldn't advise friends and family to get in and buy bags. If you already in the game, you playing with house money and whatever profits you willing to lose. Putting new money in at the retail level is crazy.
right...ideally we buy on drops but this shit might not stop dropping
Yeah, buying on drops is great when you know the price will probably be manipulated back up. Governments snooping around for manipulation has killed the action. People comparing this shit to 2014 dip might be in for a rude awakening.
damn so it was this bad before without government influences, this shit might be bad on epic portionsYeah, buying on drops is great when you know the price will probably be manipulated back up. Governments snooping around for manipulation has killed the action. People comparing this shit to 2014 dip might be in for a rude awakening.
MT. Gox was supposedly responsible for the last pump in 2013. Some are saying this was a pump by powerful players too. The Tether creation and then they tracked movements. U.S. is all over everyone with subpoenas. If folks already took $30 billion plus out since December, they might be done manipulating up.
Without heavy manipulation, the crash can be epic. Reddit pages for some projects are turning into ghost towns.
I keep thinking we'll know for sure by August-September if this is the biggest dump in history. I'm so happy I took some more profits at the last pump fake. 
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