# Bitcoin #
Topsy thoughts?
Hi Don, I have ben looking at nauicus and waiting for more information before deciding whether the invest or not. One of the deciding factors will be momentum. They are not showing ico progress on their website at the moment so I asked on telegram and am waiting for a reply (they have acknowledged my question and promised a reply) I will try to do a bit more research tonight as I have not had much spare time. Have you had a look at the team or external reviews yet? I asked them about fiat deposits on telegram earlier this week and they said they would be fee free and through paypal. If they are solid and legitimate it could be good for us to have a new australian exchange. Not so sure about using mining to fund growth (what is their main focus?) , would be interested to hear other opinions on this. Their roadmap is ambitious and diverse, the team will need to be exceptional to pull it all off.
https://www.hederahashgraph.com/
I have registered here, its pretty quick and easy. They have not released ico details yet but I highly recommend getting on their list as early as possible.
I agree with your last statement " Their roadmap is ambitious and diverse, the team will need to be exceptional to pull it all off." I haven't looked into it much either.....lack of time at the moment. be interested to hear what their response to you is.
It's very high hard cap of $88m concerns me. That's a serious amount of cash for startup.
This article summarises the scores from the ico website reviews. Appears highly rated.
https://themerkle.com/nauticus-exchange-ico-has-begun-35-percent-bonus-c...
Their long time line concerns me.
I also note the caveat that the free/bonus coins they give you can ONLY be used on their platform/exchange within the first two years. So you can't trade their free/bonus coins....only the ones you originally purchase in the ICO.
I've bought in on the ICO. If anyone else is interested then use the link below and we both get 100 free NTS coins.
https://nauticus.io/ref/917bd56a7920cf0e46e46e0dd7046562659efcb16d680629...
Already registered with hedera. But no information whatsoever on when/if ICO.
Yes, no info for hashgraph yet but it could be a game changer so worth taking the time to register.
I did not notice the bonus limitation for Nauticus but it could be a great idea. One of the problems with large bonuses in a presale is that it messes with the token ecomomics for ico investors and dilutes interest among people who understand this. It could potentially create a level playing field for all, reducing the likelihood of large token dumps on release whlie still giving eary investors an incentive.
Ive just seen some post on FB that that Hashgraph ICO is a scam fake site and that the true Hashgraph is not doing and ICO.
Here is the link, but don't expect you will be able to see it unless in the FB grouphttps://www.facebook.com/photo.php?fbid=10160083261185433&set=gm.3227446...
Group is called "Crypto calls Australia"
There are scammers trying to immitate hashgraph. They have sent out a warning email. They have not announced what they are doing about an ico yet but have said on telegram that info will be released soon. They are doing a round for accredited investors. The youtuber Datadash interviewed Leemon Baird recently and things are moving along but, as always, be vigilant and make sure whoever you are dealing with is legitimate
Don, nauticus bonus tokens can only be used on their exchange for the first 2 years for trading fees. After that they are unlocked and can be freely exchanged anywhere.
Yeah thanks Topsy. Read that before I bought in.
Bloodbath. Very quiet in here. I don’t see this going well and pretty certain stocks will drive hard south soon. We're not over. Wouldn’t be confident to pick a bottom but when the dust settles (still a lot more) we will be looking at a reversal...hopefully. But oh not looking good today. What do they say? Cash is king at times like is
Made the call to cash out a few weeks ago pretty happy with my decision. The question is should i re buy and when should i.
As the resident bear here, I think you would need to be very careful about reinvesting. There may be a few more upswings along the line but I suspect they will be weak and short lived. You also need to worry about Mr Billion Bitcoin picking his moment to unload, which would be the start of the ultimate decline to zero, which is pretty much inevitable in the medium term.
Cheers BB. I Think i might just watch the game from the side line for a bit. I am Bit drained from the whole crypto world.
6K would be my re- entry point.
Personally I've decided to bite the bullet and sell all my alts to Bitcoin and get proactive and start making money off it's movements.
Im not a fan of Bitcoin itself and kind of sad to sell the alts i believe in, but unfortunately alts are too influenced by Bitcoin and its movements.
If the market does go on a bullish run then i can buy back into the alts i believe in.
It's probably not a bad thing I'm not a fan of bitcoin takes that emotional attachment away, just hate blindly hodling.
Anyone got any thought on nuls ? I Think it could be a little nice return in the next 12 months.
@the chase I never noticed nuls until now (thanks) it looks promising. Token economics seem good at first look. Im going to have a much closer look over the next couple of days when I get some time.
For such a bearish market there seems to be plenty of optimism at the moment (not so much here as among commentators) remember market cycles? Does it really make sense to think that it all might suddenly disappear? I am holding and it is certainly not blindly. Bitcoin may also be a good strategy though. The next bull market could be a big one.
Scarcity topsy. Why should people actually buy crypto coins? The edge bitcoin had is being killed off by the lack of scarcity everytime theres another ico. And crypto isn't tangible. Soon there will be too much crypto and none of it will be useful as a medium of exchange. History seems to keep repeating itself.
Gaz, there are plenty of reasons to buy bitcoin. People in hyper inflated econmoies are one small example. I know that is not us but how about the bail in laws that were passed through the Australian parliament on Feb. 14th this year while most of us were asleep?
http://cecaust.com.au/releases/2018_02_16_Govt_APRA.html
Is your money safe from the banks?
There is so much I could write here but I dont have the time. . If anyone is interested in having a balanced knowledge of the whole crypto business I highly recommend this audio book, it is unbiased and directed towards investors of all different types and risk levels.
https://www.audible.com.au/pd/Business/Cryptoassets-Audiobook/B077PMPC9K
You can even get it for free if you sign up for a new audible account. (You can opt out before being charged and still keep your first audiobook)
The fundamental problem with Bitcoin is that it is predominantly held as an investment medium rather than because it has fundamental value. Most holders have bought it in anticipation of a profit. This is pretty much a text book definition of a bubble.
I'd say Nuls has already done the majority of it's big profits, given it's already 2000% up (assuming this is from it's ICO price??).
Indo why move to BTC. No doubt some more legs down. Move to Tether and sit on the sidelines. I’d much rather pay a bit extra if/when the market starts to move than ride btc down further. Lots of these icos will shake down a lot further as well. We ain’t seen the bottom of this till stocks crash as well. It is coming and lots of moves down and sideways till then. Day trader delight. For most your capital will just slowly erode. Consider sitting out and know that controlling your psychology to do something is actually doing something.
Actually thats what I've done I've got 2/3rds of my portfolio now in Tether as i just couldn't decide what to do..
On one hand i think i should go into BTC and try taking the movements and if i screw up and it runs away from me, i can just go into alts as they tend to bleed when BTC moves up fast.
But then i just don't believe in BTC, so I was kind of torn, so went into USDT (tether)
I do find it hard to sit on tether though, i just want to jump back in, takes a lot of patience and discipline especially when things start moving upwards.
You know I've got to say, you guys still talking about ICO's and obscure cryptos to me I'm like WFT?
Im now at a stage where if I'm not looking at BTC I'm looking at the top ten alts for security , I'm also getting out of any Erc20 tokens because of the possible risk (securities thing) and Ive got out of any privacy coins (I've read they could see heavier regulation)
I guess I'm reducing risk.
This is the kind of thing that does my head in when I'm in tether...makes complete sense.
Datadash mentioned NULS on his late night chat last night. “Could be a hidden gem under its current valuation” I have not had a chance to do my own research yet. Sounds like it was a bargain at ico. Total supply of 40,000,000 is low, could be plenty of upside to come.
Fair call indo. I am on the fence with icos at the moment. There are too many altcoin bargains available. Picking which ones is hard. Leaning towards more cardano.
Who did that chart analysis?
I bought Cardano in the last dip a few weeks back. It's got massive upside potential compared to the other top 10 coins IMO.
Don't have any crypto atm. Iam going to get some nuls just got a gut feeling about it. Got no logic in my call. Just got to go with the gut some times.
Anyone get lucky with the NEX lottery?
BTC on a nice little bull run.
No luck with NEX here
NEX Rd 2 any luck? I didn't in Rd 2 either.
What's your thoughts on SEAL ICO? Good idea in principle, I'm just struggling to understand how the token works, hence will the token rise in value. High hard cap (just under $100 million by my calcs) too concerns me.
Seal looks good but I think there is a lot of competition in the space. I’m going to have a closer look when I can.
https://www.openfuture.io/eb-ty
Signed up for this whitelist, looks good, pretty hyped so be quick. More research to be done yet.
I agree with what datadash says about the current state of the crypto market in this video
Open platform....I'm struggling to even understand what the hell it is or does. I also can't find any information on their website about their ICO/token sale.
Also does this mean there is no public ICO now? Or are they just referring to the pre-sale hard cap has been reached?
https://medium.com/@theOPENPlatform/open-hardcap-to-be-reached-in-pre-sa...
Austrac now keeping an eye on Cryptos.
Old news Udo they have been involved with Crypto for months working on stopping money laundering etc, and a few weeks ago all exchanges in Australia had to get a licence to operate, i believe all that have applied have been approved so far.
Yep just read an updated story on it.
Love this guy. Great video on bull and bear markets.
Open platform has sold out already and they have cancelled their public sale :(
Pretty crazy pump on Bitcoin last night up about a 1K in an hour or so seems to be holding.
30 billion added to the crypto market cap in an hour.
Seems more like whale action more than anything, although apparently Bitcoin has been
declared legal under sharia law, also a lot of money in islamic countries.
Me still got a lot sitting in teether with a serious case of FOMO :D
Topsy, was that the pre-sale for open platform? So the pre-sale reached their main sale hard cap already? Fck me!!!
Just read this on the open platform telegram page from one of their admins "Just being clear we have no, absolutely zero expectations of being on an exchange or any return from our token. Our tokens are used for software development". How the hell do you trade tokens then?
And yes, impressive bull run on BTC and Alts last night. Hope it continues post tax day in the US.
Don, they say things like that for legal reasons. Most projects refuse to discuss exchanges in any way at all on telegram for fear that they may be considered to be a security. They will be traded on exchanges regardless of what the admins say. Its weird but that is what they do.
Yes, it was the presale that sold out, most projects have an allocation for the pre and main sale but not this one. They are doing an airdrop for their “loyal supporters” who missed out. Cant wait for my 2 bucks worth of tokens. Woo hoo :)
Interesting the Australian Taxation office is seeking public feedback on thoughts on how to tax crypto profits etc.
Probably worth taking a minute or two and giving feedback, personally I'm telling them happy to pay tax on profit when cashing out, but impossible to keep track of trades etc.
So how will they be taxing this if using an international exchange that has no KYC. If someone was to cash out be pretty easy to avoid. Happy to pay as well but unlikely, at this stage, they’d even know where crypto money is for most Australians unless using aus exchange. And why would you with the fees?
The gov has said that you must record every trade, it does my head in a bit. So hard to keep track with all the different exchanges, and sometimes 1 trade is split into a heap of smaller ones. It will probably be the people trying to do the right thing that bear the brunt. Did anyone see the 4corners show on the tax dept? They called it “Mongrel bunch of bastards”
Does anyone have any ideas on tracking trades. A spreadsheet maybe.
Indo, I agree, tax the profit on cashing out would be the best way.
Don, is it tax day in USA that is causing the pump.? I have heard that it was mainly short positions being liquidated and associated panic. Maybe a combo?
‘Probably worth taking a minute or two and giving feedback, personally I'm telling them happy to pay tax on profit when cashing out, but impossible to keep track of trades etc.’
This is just sheer trading brilliance! Exactly! For goodness sake! How are you supposed to have a clue how you consistently make profits trading? How are traders supposed to keep track of all of the stupid details and stuff about their trades and results? Why even blooming well bother for that matter! Who cares! It’s not flipping amateur hour for goodness sake! Expert traders wouldn’t have a clue what trades they even did to make a living, let alone have any records! It simply boils down to sheer brilliance, hardcore googling and stories for the kiddies! What more can you say!
The Bitcoin graph looks Interesting ! ?