Submitted by udo on Wed, 11/15/2017 - 15:49
The Bitcoin graph looks Interesting ! ?
Wow ID, if you got dragon chain late last year you've done super damn well on it today. 20 times your investment. And raiblocks has gone stupid as well. From Nov last year til now around 170 times. Can I ask what made you choose these?
"1. My ones from Coinspot dependable long term that i just leave."
"What other legal investment can basically guarantee these types of returns???"
Indo - No way you need me telling but can I just say that I sometimes find myself thinking this way with some investments and must constantly remind myself that shit can get ugly very easily. I've had it happen.
Yeah i wish i had bought them then, only bought them the other week..better latish than never.
South Korea Is Not Banning Bitcoin Trade, Financial Regulators Clarify
Don't panic just yet, South Korean regulators are putting a stop to the rumours that the government is banning all crypto transactions.
The confusion came after local publications quoted a government official saying they are "considering" a ban in the country as a way to cool down the digital currency craze. The announcement follows Prime Minister Lee Nak-yeon's harsh warning that cryptocurrencies might "corrupt the nation's youth." Last month he urged regulators to create a task force alluding to crypto as a gateway to pyramid schemes and speculative investment if left unchecked.
Korea's top financial watchdog, the FSC (Financial Services Commission) Chairman Choi Jong-ku noted that the ministries are in discussion over the extent of trade regulation. As of now, several government groups involved in the virtual currency task force are of divided opinion on the matter-- some in fear of stifling crypto and fintech innovation. But Choi confirmed that any decision to prohibit transactions must have legal basis.
A seed investor in blockchain project ALIS social media, Douglas Crets believes regulation is good, "In the long term chess game of bitcoinization, regulation helps the government ‘process’ what’s happening and it makes it more legitimate for bigger institutional players to put funds into crypto currencies.” South Korea currently bans financial institutions from dealing with virtual currencies.
What is clear though-- the ban on initial coin offering (ICO) remains. And six safeguards are being pushed forth for operating exchanges. Those conditions include confirming the user's real name, submitting proof of income, face-to-face interviews to meet strict Know Your Customer (KYC) policies, and providing cryptographic keys to establish anti-money laundering (AML) systems, as well as separating fiat accounts, supply sufficient investment warnings, etc.
"Regulation of the way in which exchanges work will weed out bad players, and make bitcoin more mainstream," says Crets. Illustrated through price, the country has indeed shown more enthusiasm compared to its peers. At the height, bitcoin was trading at a $3,500 premium in South Korean exchanges compared to the rest of the world. Partly due to the limited liquidity-- supply of bitcoin-- coupled with strong demand from the finance sector, BTC is often propelled to cost about 20% more than the mark-to-market. Still, the country's bitcoin activity only accounts for less than 7% of the currency's global trade.
For the latest on business in Asia, follow me on Twitter @PamAmbler.
Crypto is huge in South Korea, but i think Japan is where it's biggest.
Some degree of regulation is not a bad thing.
Dogecoin - Vice
Dogecoin - Vice how a joke got market capital of 2 billion
"When I jokingly tweeted about “investing in Dogecoin” in late 2013, I never imagined that the tongue-in-cheek cryptocurrency I had just brought into the world would still be around in the year 2018, let alone hit a $2 billion market cap like it just did over the weekend."
Fantastic article too.
Ive avoided Dodgecoin being a joke coin with huge supply, but tempted to grab some being the year of the dog in Chinese star signs thing, many Chinese are into that shit and making money and there is lots of Chinese not just in China they could start buying it for good luck or something just because of the dog thing.
Jeez ID - what you've written above is exactly what the Vice article alludes to.
What does Dodgecoin have to do with dogs?
That's a great article Ben!
I did read the article, i know it's speculation but i buy cryptos to make money, i buy for many different reasons, some i believe in long term and invest because they are good projects with a future, but I'm also happy to invest in a crappy crypto if there is hype or another factor that will push the price up.
They use a Shiba Inu dog as its mascot it's a Japanese breed not sure why but in SE Asia (maybe also China) they seem to love these looking kind of dogs.
Fair enough, thanks mate.
'Tis fascinating watching from the sidelines.
Pump and dump is all about hype and volume. If you're into numbers, which I would think you are Ben, then you'd be good at pump and dump day trading on crypto's I reckon. Highly time consuming however the massive gains are there to be had if you're good at it. Raiblocks is one such proof of that.
I'm good at pumping through flat sections, and then getting dumped on the inside shorey. Think I'll leave my expertise about there!
Fundrequest whitelist is closing soon. There are some ico listing websites that say their ico is over but it is not, it was postponed a month or so ago. Im not saying that I have decided to invest, just that it is worth a look and, as always, if you are not on the whitelist you probably wont get the chance to get in if you decide that it is a good one. Sometimes if I am 50/50 on an ico I will watch the hype after the sale starts to get an idea if they are going to reach or get close to their hardcap. I dont like projects that fall short, I think it is much better if they have the funds to implement their plans.
I know it is off topic but check this outhttps://www.instagram.com/p/BdRQdLogZYH/
.......How long will it be till dogs are dropping in :)
What do you think of bigger ICO's? (for example Telegram)
Or do you stick to the smaller less know ones that still get a decent amount of interest/hype.(like you are saying)
Id imagine ones like Telegram are sure bets but the price per token will be higher, so possibly less gains straight up..is this right?
And id imagine the best ones are ones that have some interest but not sure bets so token price is not too high and then bigger gains once it hits the market and gets interest.
Is this right?
@indo-dreaming I like telegram at first look but have not looked closely. I will have to think for a while about the rest of your question, i’ve had a couple of tries to answer but have not been happy with what I have come up with, best sleep on it I think.
Vice is getting heaps of hype at the moment and they have a narrow whitelist window open now. I have resisted to now, porn is not my thing, but hype is getting hard to ignore
Just checked out the Vice one, yes i could see that one going big, if you can pay people to watch porn it would be a gold mine.
@indo-dreaming, yes it has generated a lot of hype. I have decided not to invest on principle, I dont like the porn industry and the way the women involved are treated. After chatting with my partner about it I feel that it is important to not give this industry any energy. That said, each to their own, it COULD be good for some fast returns but there are others.
We Power is another big one that you would expect is a sure thing, but i think its just about closed.
Yes. We power looks good but I need to ask them about their ico pricing model. At the moment they are saying x amount of tokens per ethereum. It is still a while until the ico starts and if ethereum is volatile at the time it will either piss off the early investors because the later ones get a better deal, or stop many of the late investors from investing because they get much less for their money. Either way it is not great for the project. LOCI ICO was a great idea but the investments dried up half way through the ico because ethereum went up. We will see...
I am pretty comfortable with the wepower pricing model after checing it out. I think the ico starts in around 18 days. The whitelist is still open. Get on it now if you are considering investing, I am pretty sure it will close soon. I think wepower are going to hit their hardcap easily. I dont think the ico will last the full 2 weeks. The only issue for me now is whether they apply an individual cap to the whitelist, I think (and hope)that they will. They are promising an announcement soon. If they dont it will probably be a shitfight to get in first and many will miss out regardless of being on the whitelist.
My mate has gone balls deep with Envion ico
Storiqa are going quite well, not a sure thing but ico has been solid. Dont put the house on it...highly speculative
A lot of the envion team are in marketing, dry balls for me . I could be wrong, but I am wary of investing in power creation for crypto mining. Developers are working toward finding solutions to the mining power problem and will probably succeed. Consider this. If the world money system changed to bitcoin now the entire power production of the world is not enough to run it. It is a problem that needs to be solved and developers are working hard on it. If they succeed the power demand will be drastically reduced. What is that going to do to the envion business model?
Pump and dump
Could be good for that :) closing soon
I personally would have liked to get behind we power, but after having poured thousands already into others over Xmas, those rates and water bills are going to have to get some attention this month
Anyone tried to whitelist with GBX this morning? I can't even find where to register on their site. Found the how to guide but can't find the register button. And when i click on the "Whitelist" button nothing happens? Site incredibly slow. Being overwhelmed by major whitelist subscribers do you think?
Hmmmmm, do I have my UTC time wrong? Is it 10pm our time tonight, not 10am?
@domweather gbx whitelist opens at 11pm tonight our time
Thanks topsy. Got my time wrong by 12 hrs.
Been following this for a while. By my estimates after several days of big red downward movements many of the last months gains discussed here may be lost. From a commentator that called BTC at 0.06 in 2010...If this mania is not over, it should be very soon. History’s most important lesson is that after a mania ends, a crushing bear market follows.
I'm invested as well so some questions
- How confident are you feeling holding at this point
- How crazy are you using CoinSpot with not stop losses?
- Surely when Kodak releases a token... it has to be just a mania. Caution moving forward from here not as much value as we might all be thinking.
Might be time to at least consider how you're positioned. More a warning to those thinking of jumping in at the top.
Indo - Just so you know I'm not just a condescending prick with my efforts convincing you to sell whilst you're ahead - I sold at profit today and walked away from what MAY be a very , very good thing ( sound familiar ? ) .
It's left me a shattered man but as someone once told me -" No one ever went broke taking a profit ."
OK , so I may have left a few options on the table......but the majority of my holding is IN THE BANK.
Do it Indo....or don't do it. Your call, mate.
Good luck !
BOT : ASX if anyone gives a rats arse. Please don't mention it if it goes crazy.
I have taken my profits. Well actually taken out most of my initial investment $. So I'm basically playing free spins now so I'm happy to let it ride. I personally think the ride is over for the top 5-6 cryptos. And by this I mean they're massive gains are done. It's the ones below this that you should be looking at if you want to take some risk for higher gains.
And Blowin are you referring to Botanix? If so, I've had this stock for some time as I really liked the look of it. Just doubled my money with them on Monday and yes again I took out my original investment $ so again I'm now playing with free spins on these guys and I reckon they've still got some massive gains in their tank if they get all of their clinical trials passed throughout this year.
Yeah botanix , Donweather.
It's been good so far. Double up in 8 weeks ain't to be sneezed at. I've still got a few irons in the fire , it just kills me to lessen the leverage on the possible future gains .
As it would you no doubt.
Preserve the principle !
If BOT pulls that shit off they'll be HUGE.
For ourselves and for all those insecure spotty adolescents out there.
I hedged my bets at the beginning of this little experiment, and my ASX (PBX) is coming along nicely. I was tipped it could do quite well beyond here, just quietly.
Regarding the end of the crypto bubble already?
I actually lay there in my little bunk bed last night 37,000ft above the Indian Ocean, thinking about the shoe shine boy. I was thinking about trying to figure out who he is, in regards to this current craze. Is he really me, or anyone of us surfer dude investors, or is he someone else that is yet to understand this new tech, but is destined to start giving his tips out sometime down the line. I come across a wide variety of people on a daily basis. From refugees, to social media app owner billionaires. The one common thread that I’m noticing is that the vast majority don’t get it, don’t know it, don’t trust it. I think the bubble status all comes down to the tech. How real it is, will be it’s driving factor, and this has been my biggest problem. I hate computers, and they hate me. This lingo rich world has been one I’m ever so slowly getting a handle on, but mostly, I’m just laughing at the jokes I often don’t get. I don’t have a problem in trusting people when they sound authentic. I have to go with my gut. I don’t have much else. I’m hearing geeks rave and explain the possibilities of all this block chain associated tech. My gut says trust them. There sure seems plenty of room for massive expansion, and the shoe shine boy is still not listening.
I came into this game knowing it was going to be volatile. For me, it’s a hodl. :)
Corrections are never fun especially when you don't have money to make the most of them, but they are part of a healthy market, it would be great if things just kept going up and up, but if they did that's when you run the risk of a huge crash.
I think the signs are still good, quite a few exchanges around the world are currently having trouble with influx of new sign ups and have in many cases had to stop taking sign ups so they can catch up.
Crytopia has closed their LTD and Doge exchanges because they can't handle the volume.
Im confident holding (hodling) but i am kicking myself as when everything was up, i was thinking of converting half back into fiat as knew there would have to be a decent correction.
Good point on stop losses i don't even have them for anything on exchanges either.
The thing that probably concerns me most about this space is.
1. It seems it's very reliant on areas of Asia like Sth Korea and Japan
2. Just the sheer number of new cryptos coming out every day.
Thank's Blowin, but I'm riding this thing where ever it goes :D
Indo - GTFO.
Wait 2 weeks , forget about it for a while.
Enjoy what you have in your hand NOW.
Then look at it with new eyes and reevaluate it afresh. If you're still keen then look out .
I know fuck all , but even I know that there's always another train coming . Don't stress if you miss this one.
If Australia has an economic story on the global stage it's been based on the sale of commodities.
Welcome to the future.
Its like the past ....only greener.
"Health Minister Greg Hunt even went so far as to say that the government would like Australia to one day be “the world’s number one medicinal cannabis supplier”.
With pronouncements like that – from the Federal Government no less – it’s no wonder local investors have been desperate to put their money into Australia’s pot stocks. "
Australia's only economic story on the world stage is our real estate bubble.
Maybe the ease you can predict the trading of the pacific paso. (and then those in the know)
Getting pretty heavy now Bitcoin 12K USD, maybe 10K could be the bottom.
When will this fall stop? Its a big one but nessecary, I think. The speculation of late has been crazy and unsustainable. The tech aint goin away anytime soon as far as I can see. I am holding. A few of the coins I have are hitting development milestones soon. That is when the real, sustainable gains are made. That has always been my plan.
Ada -25%....that rounds out the losses this afternoon for the top 5.
How confident are you this has stopped? When all the weak hands leave the market your new tokens won’t be so world changing when no one is trading them. ICOs look attractive. Just remember 2014 bear market. I think there will be very few survivors....after another pump ...
Pretty long way down from here still....perhapshttps://goo.gl/images/yu92hW
Not future whatsoever.
It'll be worth nothing soon.