Official BGOL Crypto Currency Thread ★★★★★

TECH CRUNCH NETWORK
100 cryptocurrencies described in four words or less
Posted yesterday by Nate Murray (@@eigenjoy)
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Nate MurrayCONTRIBUTOR
Nate Murray is a programmer, musician and beekeeper. He works at IFTTT and has been working with terabyte-scale data since 2009.



This list describes cryptocurrencies.

Each gets four words. There are many.

Some are landmarks. Some are scams.

Hopefully this provides orientation.




Name | Sym. | Description
----------------|-------|------------------------------------------
Bitcoin | BTC | Digital gold
Ethereum | ETH | Programmable contracts and money
Bitcoin Cash | BCH | Bitcoin clone
Ripple | XRP | Enterprise payment settlement network
Litecoin | LTC | Faster Bitcoin
Dash | DASH | Privacy-focused Bitcoin clone
NEO | NEO | Chinese-market Ethereum
NEM | XEM | Batteries-included digital assets
Monero | XMR | Private digital cash
Ethereum Classic| ETC | Ethereum clone
IOTA | MIOTA | Internet-of-things payments
Qtum | QTUM | Ethereum contracts on Bitcoin
OmiseGO | OMG | Banking, remittance, and exchange
Zcash | ZEC | Private digital cash
BitConnect | BCC | Madoff-like investment fund
Lisk | LSK | Decentralized applications in JavaScript
Cardano | ADA | Layered currency and contracts
Tether | USDT | Price = 1 USD
Stellar Lumens | XLM | Digital IOUs
EOS | EOS | Decentralized applications on WebAssembly
Hshare | HSR | Blockchain switchboard
Waves | WAVES | Decentralized exchange and crowdfunding
Stratis | STRAT | Decentralized applications in C#
Komodo | KMD | Decentralized ICOs
Ark | ARK | Blockchain switchboard
Electroneum | ETN | Monero clone
Bytecoin | BCN | Privacy-focused cryptocurrency
Steem | STEEM | Reddit with money voting
Ardor | ARDR | Blockchain for spawning blockchains
Binance Coin | BNB | Pay Binance exchange fees
Augur | REP | Decentralized prediction market
Populous | PPT | Invoice trading futures
Decred | DCR | Bitcoin with alternative governance
TenX | PAY | Cryptocurrency credit card
MaidSafeCoin | MAID | Rent disk space
BitcoinDark | BTCD | Zcoin close
BitShares | BTS | Decentralized exchange
Golem | GNT | Rent other people's computers
PIVX | PIVX | Inflationary Dash clone
Gas | GAS | Pay fees on Neo
TRON | TRX | In-app-purchases
Vertcoin | VTC | Bitcoin clone
MonaCoin | MONA | Japanese Dogecoin
Factom | FCT | Decentralized record keeping
Basic Attention | BAT | Decentralized ad network
SALT | SALT | Cryptocurrency-backed loans
Kyber Network | KNC | Decentralized exchange
Dogecoin | DOGE | Serious meme bitcoin clone
DigixDAO | DGD | Organisation manages tokenized gold
Veritaseum | VERI | Vaporware
Walton | WTC | IoT Blockchain
SingularDTV | SNGLS | Decentralized Netflix
Bytom | BTM | Physical assets as tokens
Byteball Bytes | GBYTE | Decentralized database and currency
GameCredits | GAME | Video game currency
Metaverse ETP | ETP | Chinese Ethereum plus identity
GXShares | GXS | Decentralized Chinese Equifax
Syscoin | SYS | Decentralized marketplace
Siacoin | SC | Rent disk space
Status | SNT | Decentralized application browser
0x | ZRX | Decentralized exchange
Verge | XVG | Privacy Dogecoin
Lykke | LKK | Digital asset exchange
Civic | CVC | Identity and Authentication App
Blocknet | BLOCK | Decentralized exchange
Metal | MTL | Payments with rewards program
Iconomi | ICN | Digital asset investment funds
Aeternity | AE | Decentralized apps (prototype)
DigiByte | DGB | Faster Bitcoin
Bancor | BNT | Token Index Funds
Ripio Credit | RCN | Co-signed Cryptocurrency Loans
ATMChain | ATM | Advertising network
Gnosis | GNO | Decentralized prediction market
VeChain | VEN | Supply chain item IDs
Pura | PURA | Cryptocurrency
Particl | PART | Privacy marketplace and chat
KuCoin Shares | KCS | Profit-sharing exchange fees
Bitquence | BQX | Mint for cryptocurrency investments
FunFair | FUN | Decentralized casino
ChainLink | LINK | External data for contracts
Power Ledger | POWR | Airbnb for electricity
Nxt | NXT | Cryptocurrency and marketplace
Monaco | MCO | Cryptocurrency credit card
Cryptonex | CNX | Zerocoin clone
MCAP | MCAP | Mining investment fund
Storj | STORJ | Rent disk space
ZenCash | ZEN | Privacy-focused Bitcoin clone
Nexus | NXS | Bitcoin clone
Neblio | NEBL | Decentralized application platform
Zeusshield | ZSC | Decentralized insurance
Streamr DATAcoin| DATA | Real-time data marketplace
ZCoin | XZC | Private digital cash
NAV Coin | NAV | Bitcoin with private transactions
AdEx | ADX | Advertising exchange
Open Trading | OTN | Decentralized exchange
SmartCash | SMART | Zcoin clone with rewards
Bitdeal | BDL | Bitcoin clone
Loopring | LRC | Decentralized exchange
Edgeless | EDG | Decentralized casino
FairCoin | FAIR | Bitcoin that rewards savers
LOL @ what's said about Bitconnect :roflmao3:
 
How to talk about cryptocurrency at the holiday dinner table
Posted 3 hours ago by John Biggs (@johnbiggs)
bitcoin-turkey.png

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You’re sitting down to a nice meal and your aunt, always one step ahead, mentions she wants to start investing in Bitcoin. You freeze, a drip of gravy plopping off the ladle. It’s your time to shine.

You got this.

First, you know that the state of crypto is very, very good. This has been a banner year for cryptocurrencies. Bitcoin rose from $738 a year ago to $8220 as of this year. If you invested $7000 in Bitcoin in November 2016 you’d be rounding into six figures by now. The same can be said about Ethereum with a bump from $9 in 2016 to $350 in 2017. Check out these graphs:

screen-shot-2017-11-20-at-10-00-46-am.png
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It’s enough to make your aunt want to sell her summer home and dump it all into the blockchain! But should she?

Probably not.

Interestingly, as the price has risen and the fluctuations have become more manageable, talk of crypto investing has died down. There are many reasons, but the primary one is that the crypto world loves to keep quiet and take profits on the sly. This means if you’re planning on getting in you’d best act decisively. You can dabble, sure, but if you want to see real returns I do not expect things to fall back down to $3,000 or even $5,000. We’re almost at a set-point for the next few months and, barring flash crashes, don’t expect much to change barring some wild SEC regulation.

We’ve entered a strange era in cryptocurrencies. The technology is mature enough that anyone can implement a blockchain solution — from small fintechs to MasterCard — but not yet trusted enough to become a true store of general value. However the recent

Ethereum, on the other hand, will be the utility. The price should rise until after January but will probably fall drastically once the first of the poorly-orchestrated ICOs fail. It will rise again once the the first true ICOs — the true token sales that approach this with an eye on monetary management vs. get rich quick  schemes— begin rolling out. This will happen in the first and second quarters. How do you pick a good token sale? Right now you can’t. Your best bet is to buy Ether on a dip and avoid the weirder token solutions that come over the pike. Tokens are, in my my opinion, the future. Just not in their current form.

Ultimately, the Ethereum network will grow to handle more transactions and Bitcoin will remain the same, a safeguard and bulwark for those who don’t want to keep their gold doubloons in a safe under the floor.

https://twitter.com/lopp/status/932350908461133825
Jameson Lopp

✔@lopp


Welcome to Bitcoin, newcomers! Here's your FAQ:

Q: Who should I trust?
A: Nobody.

Q: When should I sell?
A: Never.

Q: Is Bitcoin dying because ____?
A: No.

Q: What have I gotten myself into?
A: Nobody knows.

Q: How do I learn more?
A: https://lopp.net/bitcoin.html

Is your aunt still hounding you for advice? If she owns she should hold. If she doesn’t own, she might as well give it a try. Make a her a Coinbase account and buy a few hundred dollars worth of BTC and Ether. Let her watch it move and begin to acclimate herself to the news cycle and, more importantly, the hype cycle. Remember: results may vary and this does not constitute investment advice any more than me saying “Hey, you should try learning to use Linux. You might make a really nice salary when it gets popular” back in 1992.


Cryptocurrencies are entering the mainstream. There are a few problems with its current popularity, the primary one being that people are entering the market without understanding it. This is fine – this has been practiced for decades on the NASDAQ with untrained traders making gut-based guesses on complex companies – but in crypto the technology is wedded to the price and misunderstanding the news coming out of services like CoinDesk can get you into a lot of trouble. To a degree the crypto loyalists love the fact that their world is inscrutable. To another degree this makes for some nail-biting times.

Tell your family that cryptocurrency will eventually replace the way we send money from computer to computer. Tell them that there are a lot of smart people doing a lot of cool stuff that was impossible even a few years ago. And tell them that, no, the FBI won’t arrest them for trading in Bitcoin and that it can’t be used very effectively to call in hits or buy kilos of cocaine online. Ultimately this is all a gamble but it’s a gamble that mixes the high-stakes world of Wall Street with the high tech world of command lines. It’s complex, fascinating, and fun. If it becomes anything less than that then it’s probably time to cash out.


Side note: this link seems like a good source for those that tired of answering the same questions over and over.

https://lopp.net/bitcoin.html
 
for that reason alone you may also want to look into neblio...pretty low market cap right now esp. w/ the price correction taking place...they hit an ATH of $6 but now floating around $3...market cap around $38M...if they can deliver restful APIs that can account for the variety of programming languages they plan to offer (8) in the first quarter of 2018 as indicated on their roadmap then I think this can be a $30 coin...I’m expecting them to blow up before/by spring 2018 IF they deliver...shit I love all these coins...if I had the time to study the market earlier in the year before I got time off...this right here woulda been my entire portfolio and I woulda been able to say fuck work a few months back...I’m hoping I can say that this time next year :please:

65_D04_CBD-370_B-4_A1_E-_BE6_E-_FA1_D61047920.jpg
Buy Neblio on cryptopia correct?

I'm verified on Kraken, Bittrex, and Coinbase. Any other exchanges I should get verified on?

After buying XRP last January I bought a house that consumed all my time. I'm wanting to get back into cryptocurrency.

Thanks for any information
 
I was suspicious of the rumors regarding NEO, looks like it was a $1B pump and dump.
Been fucking with it since it was antshares was suspicious. NEO doesn't make announcements of announcements. That's some OMG bullshit. The guy knew what he was doing and probably made a lot of money.

I didn't buy or sell shit, but plenty of folks probably bought at the top and now have bags. :smh:
 
Buy Neblio on cryptopia correct?

I'm verified on Kraken, Bittrex, and Coinbase. Any other exchanges I should get verified on?

After buying XRP last January I bought a house that consumed all my time. I'm wanting to get back into cryptocurrency.

Thanks for any information
Bitstamp.
 
Buy Neblio on cryptopia correct?

I'm verified on Kraken, Bittrex, and Coinbase. Any other exchanges I should get verified on?

After buying XRP last January I bought a house that consumed all my time. I'm wanting to get back into cryptocurrency.

Thanks for any information

ya...neblio is also sold on hitbtc and kucoin but the volume is low

so far the exchanges I primarily use are bittrex cryptopia binance (a must!) and hitbtc...coinbase has always been my entry point...I have very few complaints about them...wouldn’t be in the game if it weren’t for them taking credit cards
 
ya...neblio is also sold on hitbtc and kucoin but the volume is low

so far the exchanges I primarily use are bittrex cryptopia binance (a must!) and hitbtc...coinbase has always been my entry point...I have very few complaints about them...wouldn’t be in the game if it weren’t for them taking credit cards
Coinbase crushed me when I first got back into the game in May/June. The instant buy limits were shit and it took days and days for bank buys. I was so happy when I found bitstamp. Bitstamp takes cards and has much higher limits.

During that verge/digi run that a lot of us made money off of flipping, I'd have had a lot more to play with if it wasn't for me just fucking with coinbase and their limits. Thanks to those coinbase cocksuckers, I had to sell antshares back then to cop other coins. :angry: That's why I try to encourage new folks to use as many entry points as possible if they moving in anything besides a few hundred dollars.
 
Just a reminder to be safe with your crypto. Apparently Trevon James was hacked for 100 plus bitcoin. It seems like Youtubers may be getting targeted.
 
Trevon James is full of shit Fam...

Maybe, but others ( not counting Craig) are claiming they have been hacked as well in recent weeks/months.

I personally got a fake email a few weeks back from Coinbase. Luckily, it went to my junk email, so I didn't have any problems.
 
Don't forget Zcash as well. BTC, ETH, Dash, LTC, NEO, and Zcash will all be here 2-3 years from now. Most of the crypto's we talk about won't.
More fiat pairings will come for top 10-20 coins. Coinbase is supposedly doing so in 2018. Those things will boom with more fiat entry so people don't have to deal with bitcoin.
 
Man I havent posted in this thread in a minute. But Im just wondering should I sell all my XVG to bitcoin?

Only reason Im hesistant because if that shit hits $1 Im a be straight as hell lol... but I havent been researching cryptocurrencies lately so I dont really know the latest info for xvg.
 
ya this is a hot one...I was prepared to go balls deep in this ICO...but US residents can’t participate...and they’re doing a full KYC check...you have to scan your passport...fill out a damn application...the whole nine yards man...but ya this is a winner

https://icodrops.com/wabi/
Walton competitor?

Token Sale: 28 Nov – 28 Dec
  • Ticker: WABI
  • Token type: ERC20
  • ICO Token Price: 1 WABI = 0.25 USD
  • Fundraising Goal: 11,500,000 USD
  • Total Tokens: 100,000,000
  • Available for Token Sale: 46%



 
May be risky now but, power ledger has been moving. I meant to research the project around .10 or less but I never got around to it. Wasn't concerned at .30, however my pride won't allow me to buy at the current level.
 
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