oldfag answering newfag questions

[Anonymous No.10756348]

feeling generous to those who survived. I started trading during the 2013 bull run and my folio peaked around 400k, currently sitting around 100k but I've cashed out more than my entire investment already. holding primarily ETH through the bear market.

proof pic, I watched gox crash live. yes my peak is fairly low, it's because I have a low risk tolerance so don't expect me to encourage high risk behavior. my main strategy is avoiding losses not getting risky gains. I have a good tech job at a mega bank so I have very reasonable sensibilities and crypto is my beer money.

>my greatest loses
VTC and LTC during the early years
>my greatest gains
ETH but all my cashouts have been pumped shitcoins

ask me questions if you want.

[Anonymous No.10756388]

Why do you love chainlink so much?

[Anonymous No.10756408]

>>10756388
never traded it because it's too heavily manipulated and I didn't get in early, but I actually love the memes, I've made some LINK OC myself that sometimes get posted

[Anonymous No.10756430]

Any opinions on Overstock’s TZero/Ravencoin platform?

[Anonymous No.10756489]

>>10756348

>tfw even as a noob i realized the mt gox arb opportunities were way too good to be true so i gtfo of dodge while the getting was good
How's your bloodsugar, frand?

[Anonymous No.10756515]

>>10756430
looks interesting, but I see some red flags that would require a bit more research. the total supply is far too high.

to give a little background, I believe most pure currencies will die off, and only dapp platforms will be successful long term as public chains. corps and institutions will deploy private permissioned smart contract platforms, and money transmitters and banks will release free instant payment services, but a good, decentralized, and scaleable dapp platform(s) have a good chance at a successful future.

it's mineable which is good but looks like just another shitcoin and nothing is blowing my skirt up. i'd maybe throw a few hundred or thousand in case an alt bullrun hits, but expect the money to be gone most likely.

[Anonymous No.10756546]

>>10756515
Thanks

[Anonymous No.10756555]

>>10756489
well gox was interesting because the price went so crazy vs. other exchanges since withdrawals were suspended. we've seen that again over the years, but most prominently with XRB/NANO on bitgrail. I actually bought a big bag of XRB at $3 when it was heating up but could see the writing on the wall. the same thing happened with MNE on livecoin but to a lesser degree. there wasn't any sell pressure and only fomoers were buying, and withdrawals were on their way to being suspended. I dumped all the XRB for LTC and bought LEND on binance the next day which I ended up selling for ~$20k in profit, which was nice.

[Anonymous No.10756600]

Where do you see crypto as a whole five years from now?

[Anonymous No.10756605]

>>10756546
basically my rule of thumb is a shitcoin is only good if you get in early. it'll be like that for a few years until the vaporware stage is over, LINK is a prime example of this too. and you HAVE to sell at the top of the pump if you do get in because it'll likely never happen again. the only, I repeat only high supply shitcoin that's mega pump and dumped many times is XRP, and each pump was years apart almost. XRP is the model for current high coin supply pump and dumps like TRX, XVG, ADA, etc.

long story short, basically what happens is even if the fundamentals are strong and a high supply is set, whales will buy the majority of the coin supply early and enjoy 1000x gains. then when it goes mainstream, fomoers can only hope for 2-5x gains at the most and at considerable risk because the market cap rises so fast due to the high supply.

[Anonymous No.10756623]

lol, why the fuck should i want advice from you, when you started in 2013 and dont have 10m+ now, you must be the biggest trading noob in history...

[Anonymous No.10756629]

>>10756348
All threads dead end when I mention the following tokens. Could you please give some opinion or at the very least reply calling me a faggot? Its happened enough where my suspicions make me bullish
>EDR
>DLT
>POLY
>I guess Rank3

[Anonymous No.10756639]

>>10756623
this lol

[Anonymous No.10756650]

>>10756600
basically what I said here in this post >>10756515

banks and money transmitters have already caught on and are releasing free or cheap instant payment services to end users, and they can worry about settlement internally within existing networks. this kills nearly every use case for pure currencies or payment tokens. only the international payments use case is left for payment currencies, and banks will probably catch up to that too. privacy coins will probably still hold value though due to the drug market use case.

I think only 1-2 big dapp platforms will become big as public chains. most corps or govts will likely have copycat EOS chains with the "BPs" being central banks and mega corps, so it can be private, permissioned, and accessible to the public all at once, but the public will still want their own decentralized chain.

[Anonymous No.10756654]

>>10756605
thoughts on TRTL? pls no bully xD

[Anonymous No.10756667]

>>10756600
I do think bitcoin can survive if it can retain the store of value/digital gold meme, which might be possible if wall street allows that to happen and decides to fully jump in and create more financial products

[Anonymous No.10756678]

>>10756623
this. Even more so that you are trading with your 'beer money'.

[Anonymous No.10756713]

>>10756623
>>10756639
instead of berating you I'll actually explain why that is. the 2014-2015 bear market was about a thousand times worse than the bear market we're in now. most traders lost everything and sold at some point. bitcoin hitting 20k was unfathomable and not even a meme price prediction, no one ever expected the market to grow at the pace it did. most holders sold well under $1000 or at loss from LTC/BTC or btc-e/cryptsy shitcoin pumps. I survived it and knew to buy ETH early, but I was just a few years out college and could only afford a few thousand to invest. I'd be a millionaire if I had the money I do now back then. only the extremely smart and extremely lucky ones are millionaires now.

[Anonymous No.10756733]

>>10756713
yep this is when i got out too. Stored my 3 btc in btc-e exchange. Came back to find out my account got hacked and the exchange was gone

[Anonymous No.10756779]

>>10756678
I understand risk now after been through many bear markets and hundreds of losing trades. for a few months I was making about $15-20k in profit per month during the late 2017 bull run. that might be a lot to you but to me it's beer money since my day job pays all the bills and then some. I think on a much bigger scale now.

[Anonymous No.10756797]

When bull market sir

[Anonymous No.10756826]

>>10756779
what were you using for TA? im going through the process now of learning to trade

[Anonymous No.10756908]

>>10756797
impossible to say, I think within a year, but definitely less than 2 years. landscape is changing considerably. a few years ago the main crypto use case was buying drugs, but now smart contract platforms will revolutionize existing tech and cut tech costs massively in the private sector.

>>10756826
TA is unreliable on a long scale because the big movements are always from 1 of 2 things, whale manipulation and important fundamentals/milestones.

volume is what I use mostly in deciding what shitcoins to buy in early, it's much harder to do now that it's rare for new coins to be listed on major liquid exchanges, so the glory days for that are effectively over. high volume + little price movement = accumulation, so I'd buy low as long as the coin supply wasn't too high. high supply shitcoins are 100% controlled by whales and completely unpredictable. your only chance with those is buying a bag then setting a sell order immediately for what you think it might pump to, then forget about it.

plus you need liquidity. lots of shitcoins can still 100x but don't have the buy support for you to unload a $5-10k position if you needed to. you need liquidity to succeed, but the manipulation levels make it difficult now.

[Anonymous No.10756924]

>>10756908
so i missed the boat then? just wait for the next run

[Anonymous No.10756928]

I bought 100k ELEC at 12 cents

please tell me it will be okay

[Anonymous No.10756954]

>>10756928
5k here, sorry

[Anonymous No.10756962]

>>10756348
I lost so much money on this it's not even funny

[Anonymous No.10757004]

>>10756954
ty anon. i'd be happy to break even.

[Anonymous No.10757007]

>>10756924
yes and no. I must stress is much harder than it used to be to catch pump and dumps. every new listed gets sucked up by whales and most are super high supply coins so you're already fighting a losing battle (unless you're the whale).

the market goes in phases. this is a pretty major bear market which means most alts will lose their liquidity and die. but the next bear market we'll likely see large gains again, but probably to a lesser degree than 2018. the alts that survive will be profitable. I look for med/low supply non-china hustle alts like ZRX for example. still cheap and with coinbase so I expect that to be profitable (gains are limited due to supply though).

also this is the time to accumulate the big movers like ETH and BTC if you believe BTC will survive. there's always the risk the bear market can continue though so you need to choose your entry points wisely, as long as you can wait a year or two though, there's really no way you can't profit off ETH/BTC.

[Anonymous No.10757008]

what do you think of 0xbtc unironically

[Anonymous No.10757044]

>>10757007
>gains are limited due to supply though.
That doesn't make sense, because of marketcap.

[Anonymous No.10757050]

>>10756928
still has decent volume so I would set all your coins in staggered sell orders and forget about them. don't panic sell bottom. put low ones to recoop your investment as a priority and then high ones for that potential bull run profit. or just go all for profit, you made a gamble so stick to it and don't panic sell. only invest what you can afford to lose.

[Anonymous No.10757072]

>>10756779
had $2 mil ath, now sitting at $0.5 a mill. Started with beer money as well ... a year ago.
slav tier salary money.
Your record as a trader is a disgrace.

[Anonymous No.10757073]

>>10756908
How can you claim we are late to link if it's only at 3 times ICO price?

[Anonymous No.10757074]

>>10756348
>holding primarily ETH through the bear market.
oldfag who knows nothing. no thanks, i'll learn for myself

[Anonymous No.10757080]

>>10757044
it means if you didn't buy in at the ICO/pre-sales/rock bottom prices, like the whales did, then they'll have 1000x gains when you have 3x gains, and that's when they are going to exit their positions leaving you holding the bag. it's simple supply and demand. the high supply generates market cap too fast for you to reach the same gains the early buyers do. this is the opposite of low supply coins like bitcoin which makes it much more stable and less volatile price wise.

[Anonymous No.10757097]

>>10756348
Thoughts on BTC by mid 2019?

[Anonymous No.10757107]

i read your other replies, OP. this is a platform coin shill thread. platform coins are the cancer of crypto, which is why all the banks and VC's love them because muh dapps. the bashing of currency coins proves this position. newfreinds do not listen to this snake in the grass

[Anonymous No.10757122]

>>10757073
you're late because you didn't buy at ICO price, and only a chosen few shitcoins have multiple major pump and dump cycles. buying a cheap coin that's already been pumped and dumped is not the same as buying a cheap coin that's never been pumped.

>>10757074
>>10757097
too each their own. I respect the BTC maximalist convictions, but I work for a bank and can see the writing on the wall. if wall street pulls BTC under its wing and gives us risky high gain derivative products or major commodity like markets, BTC will still continue to be digital gold as long as blockstream and the mining cartel don't destroy the network. the payment/currency use case for BTC is dead and gone though.

[Anonymous No.10757144]

>>10757122
> I work for a bank
HAHAHAHAHAHAHAHAHAHAHA, thank you for outing yourself

[Anonymous No.10757150]

>>10757122
should i start to accumulate EOS? i was looking to trade that because the price is kinda low. or just stick with ether as far as trading and accumulating

[Anonymous No.10757157]

>>10757107
yes? that's my strongest point I'm trying to get across.

https://www.zellepay.com/
https://venmo.com/
square, apple pay, paypal, etc..

normie nocoiners are stupid, and they trust institutions. all these services are better than bitcoin currently in terms of cost and tech for domestic payments. there's no reason to buy payment coins beside bitcoins since people think it's a store of value still, but that could change.

[Anonymous No.10757170]

>>10757050
bless, anon. honestly if we hit new lows i'm doubling down. i'm a degenerate.

[Anonymous No.10757171]

>>10757157
>yes, goy, stay away from payment coins that threaten our business model
>here, buy this shittokens that have no use case other than for us to get in at ICO and sell you our bags
pathetic

[Anonymous No.10757199]

>>10757144
I said it in the OP post anon

>>10757150
I would treat it as very high risk. EOS got fucked because it was created and hyped in a bull market so only speculators are the core community and the bear market is is killing it since speculators are only in it for the price. ETH took off during a bear market so the community is much more stable and organically grown comparatively. also decentralization is proving to be more important than EOS anticipated, and it's clear the DPoS/BP system is not as trustworthy as people thought, and the longer the bear market goes, the more the whales accumulate, and the easier it is for a cartel to form.

[Anonymous No.10757216]

>>10757199
i stopped reading after
> holding primarily ETH through the bear market.
because i knew you were a brainlet or shill

[Anonymous No.10757223]

>>10757171
this is an advice thread, no one is forcing you to be here. it's obvious we don't agree so either state your case or move along, I'd love to hear why I'm wrong.

[Anonymous No.10757244]

>>10757223
i know. i'm trying to help out newfags from falling into your traps. i explained my position in the post you replied to.

[Anonymous No.10757257]

>>10757199
i honestly don't give a shit if the coin can perform. Im past that point. I just want to make as much money as i can off blockchain hype

[Anonymous No.10757273]

>>10757216
anyone not holding either ETH or BTC through the bear market is getting fucked since most alts will never regain their previous values. yes I would have retained more value changing over to BTC for the bear market, but between tax exposure and trying to time the market, I decided to keep it in ETH. now I can sell all the ETH for long term gains when it does come back in value and I won't owe a grip to the IRS for tethering/BTCing up.

[Anonymous No.10757302]

>>10757244
that's not an explanation. yes payment coins threatened the business model which is why these services exist now. the damage is done, it's already happened.

I'm telling people that my opinion is smart contract platforms should still do well as a public chain, but that could be any platform, not just ETH. ETH is having scaling issues so everyone should DYOR to what they think will succeed.

[Anonymous No.10757304]

>>10757273
All in on link for a lambo!

[Anonymous No.10757323]

>>10757257
well the problem is most other EOS holders have exactly the same attitude, and the airdrop/ram/etc markets makes it worse because everyone is trying to sell to the greater fool. it's high risk but there's still probably money to be made, if you can time the market. china hustlers control most of the tokens though.

[Anonymous No.10757343]

>>10757323
screw that then. I'll just stick to eth then.

[Anonymous No.10757356]

>>10757170
eh, well as long as you can afford to lose it. I really, really wouldn't if I were you though and would focus on getting out. hitbtc is just not liquid enough to keep it alive by itself, and they are shady as fuck.

[Anonymous No.10757407]

>>10757302
so you know why ETH is a fail. name another platform coin that isn't centralized? they are scams, because there is no need for a private/centralized blockchain. it's buzzword bullshit for normies who don't understand. hence why VCs and banks love them because they can sell them literal shit and make money on it.

[Anonymous No.10757417]

>>10757356
100% scam exchange. i'm just banking on ELEC getting listed on something more legit by the time this market bottoms out

like i said, i'm a degenerate gambler

[Anonymous No.10757424]

>>10757407
see, you explain it all right here. you know it's crap, yet you still shill them. platform coins are equivalent to "dotcom". if you weren't a child 18 years ago, you will understand this reference

[Anonymous No.10757440]

>>10757407
Does that include chain link?

[Anonymous No.10757442]

>>10757424
forgot to link your post >>10757323

[Anonymous No.10757463]

>>10757440
if we're being serious, yes. but since you're memeing, no chainlink is the purest platform coin there is $1000 eoy.

[Anonymous No.10757475]

>>10757343
yes I am not touching it. I almost bought after the mainnet dump but am glad I didn't I watched EOS extremely closely during launch in case I needed to dump my ETH stack for EOS, but I think the speculator community killed the shot it had at overtaking ETH.

>>10757407
what I did learn from the EOS launch is that while it fails as a public chain, it's the absolute perfect model for private chains. international central bank networks with instant settlements and transfers to private banks, corporations offering per transaction rewards on individual products scanned in retail stores, land registries and tax assessment publicly viewable with instant deed recording, the list goes on why it's perfect for a private chain. but you're right, I think ETH is the only current, good decentralized platform with a good roadmap, which is why most of my stack is in it. I'm always watching for more though.

[Anonymous No.10757506]

>>10757424
>>10757442
I'm definitely not shilling EOS, just saying private chains will likely follow the EOS DPoS model. the other ETH competitors are china hustlers or vaporware currently, but that could easily change in the next couple years. people need to DYOR and pick who they think the winner is. right now, the safest pick is ETH though imo, it'll take years for a competitor to beat them out completely.

[Anonymous No.10757536]

>>10757475
>private chains
there is literally no point to this. it's a horribly inefficient way to store data. the only reason for it is censorship resistance, i.e. bitcoin. private blockchain are buzzwords for boomers and brainlets.

[Anonymous No.10757584]

>>10757475
What are your feelings about ZIL and ADA's opportunity to take over ETH in the mid to far future. Feel like ZIL is the only coin that has a market-ready sharding solution and ADA has muh peer review meme and coinbase appeal, but I wonder how much substance is underneath that veneer of respectability.

Also XLM, seems to rapidly be becoming an everything-coin, currency, platform, you name it. Do you think it will ever corner ETH's market in a meaningful way?

[Anonymous No.10757589]

>>10757417
depending on where your coins are you'll probably have better luck hitting different coin hitbtc decides to pump and selling on the way up until you recoop your loses. they can switch up their pumps day by day hour by hour, so I'd look at all the market volumes vs. price movement and try to spot the accumulation, move a portion or everything into that market, and set a sell order for 30-50% gains or something. I used to trade like you but it just isn't profitable.

>>10757536
>the only reason for it is censorship resistance
I agree, for public chains

I work in big data. I am telling you for a fact blockchains will revolutionize the data industry. it'll cut out the middleman and vendors big corps rely on today, same with governments on the federal, state, county, and city levels which will have much smaller budgets. for example floods destroy land registry records in souther states like louisiana after hurricanes and such since it's all paper based, with blockchains they could just transmit a recording to a private chain instantly that's backed up in 100 data centers for almost no cost, and the data is safe forever.

[Anonymous No.10757610]

>>10757589
but there is no reason to store it on a blockchain data structure. you work in big data and cannot see this? you don't need a private blockchain to have redundancy. come on, bro. quit intentionally misinforming newfrens

[Anonymous No.10757637]

>>10757475
And while I'm at it, may as well ask your take on HOT. I see it as an unintentional scam, it's a bunch of earnest acid casualty boomers who have a big cool abstract idea ("what if nodes were, like, cells in the body maaan?") that is probably unworkable in reality, and it attracts a lot of people who've been burnt too many times by slick, predatory crypto CEOs and feel reassured by the team's fuzzy-wuzzy-ness. There is a nugget of doubt in my mind that pnd shills capitalize on, which is that it's so different structurally from other projects/approaches that I just can't understand its genius. I try to ignore it.

[Anonymous No.10757640]

>>10756623
>>10756639
>>10756678
>t.fucking retards who bought in 2013

you have no idea what us early adopters have been trough

for example me
>buy just before mt gox crash
>lose 80%+ of my investment and baghold for 4 years
>finally get confidence again to invest more in 2017

[Anonymous No.10757654]

Does Starbucks cause diabeties?

[Anonymous No.10757666]

>>10757584
the thing with crypto markets is the trading, timing, and speculation is just as important as fundamentals. if ZIL can shard, that means ETH can shard, it's just a matter of time.

a good product doesn't mean a successful coin. the problem with these three is extremely high supplies. I have some XLM but not ZIL or ADA, I remember when ADA first pumped out of nowhere on bittrex, I had no idea what it even was, but the whales are in complete control over the supply. so the prices will always be super volatile and unstable, which scares away mass adoption. so, now's a good time to buy some bags of these since prices are low, but you have to watch how fast they move up because the whales will be able to dump much sooner than you can. ZIL might sound perfect on paper but nearly every coin fails under the stress of mass adoption. ETH did, BTC did, and no others have been fully stress tested yet. the world isn't ready for high supply coins yet, so invest with caution if you think the fundamentals can carry it through the manipulation.

[Anonymous No.10757674]

>>10756408

[Anonymous No.10757685]

>>10757610
you clearly have no idea how much redundancy costs at the enterprise level for centralized database systems. millions, literally millions on a monthly basis.

[Anonymous No.10757710]

>>10757072
you are a good example of the type of new retard "trader"

1) you got pretty much the best entry point in the history of crypto trading (not counting 2012 or earlier)

2) you had never even seen a bear market before so you had no risk aversion and gambled like a retard on the most riskiest shitcoins that then happened to go full retard giving you huge gains

3) you lost 75% of your portfolio

[Anonymous No.10757717]

>>10757637
basically same situation as the other post. crazy high supply which means extreme volatility. it's the poison that caused the current bear market since the pumps went too high and too fast due to the high supplies and rising market caps. you'll be hard pressed to find a long term successful coin that launched in a bull market.

[Anonymous No.10757723]

>>10757589
>big data

I have a clinical degree and am working on my stats on my CV (R and J) any tips for someone aiming for big data jobs like you?

[Anonymous No.10757727]

>>10757589
i appreciate you

[Anonymous No.10757728]

>>10757122
dismissed...nah

[Anonymous No.10757741]

>>10757685
worked in upper level corporate IT for 7 years. and we're not talking about hardware, because you still need that whether you have it on a "private blockchain" or a traditional database. it's a nonsensical statement. now, i know you're a shill.

[Anonymous No.10757772]

>holds no bitcoin
>holds shitcoin
>OG
kek

[Anonymous No.10757823]

>>10757654
yeah don't remember, was probably googling a meme

>>10757710
and with gains like that he'll never make smart trades going forward, just keep chasing the shitcoin dragon until it's all gone

>>10757723
learn SQL, python, R, and get SAS certifications if you can. SQL is most important since most data is in relational databases apart from google/facebook data stores. tech skills get you into entry level, experience gets you into senior level since you need to be able to match the data to actionable business decisions in the field you're in.

>>10757741
you're right we're not talking about hardware, vendors, service contracts, and support staff are the bulk of the costs, it doesn't make sense for the corp to own hardware unless they had a cheap solution like a private blockchain, but even then their nodes will be hosted in a vendor maintained data center. you sound like you were in management or project management, which is why you don't get it, but I actually work with the data and know the mechanics behind the data management.

[Anonymous No.10757853]

>>10757710
Never seen a bear market before and got myself about 20x on my initial. Living comfily now on just that. In the meantime, your defensive behaviour, with the money you easily could treat as gambling money, made you not gain an absolute fortune.
Your loses are much greater than mine, they just aren't explicit.

[Anonymous No.10757868]

>>10757589
>I work in big data.
Hello my pajeet friend

[Anonymous No.10757895]

>>10757868
I actually like pajeets after working in this industry. working with the offshore staff is infuriating most of the time, but the state-side indians here on visa are usually great. the guys are much funnier than white people even if they are a bit lazy, and the women are curry princesses with hips for days, beautiful.

[Anonymous No.10757905]

>>10757823
> but even then their nodes will be hosted in a vendor maintained data center
do you even think before you type? you just proved my point. blockchain is a type of data structure, i.e. a protocol. whether the data is stored on a "private blockchain" or a traditional database, you still need redundancy through data centers, vendors, service contracts and support staff. it's obvious you just work with the data, because you cannot see the forest.

[Anonymous No.10757976]

>>10757905
do you? you just proved you have no concept of the scale involved here. currently you need a storage appliance vendor, a database instance vendor, web service vendor or a room full of enterprise data warehouse appliances that cost $3-5 million a year to service. and that's just 1 data warehouse where a big corp might have 100 data warehouses. instead, a handful of VPSs running blockchain nodes with 1 expensive storage appliances if there's a massive amount of data will cost a fraction of that. talk to someone who works closer to the data and doesn't just attend conference calls.

[Anonymous No.10757981]

>>10756348 What would you consider a good entry point for ETH for a newcomer? Want to get into it and try to have a 3x-5x profit in some years, actual 250€ seems nice but I dunno.

I wanted to get into it when it was at 15€, didn't make it at the time for reasons, still regretting it to this day, but I wonder if I can still hop the bandwagon for the future.

[Anonymous No.10757996]

>>10757895
The state-side aren't shit-awful, but they aren't good either (most of the time of course). One can find exceptional ones from time to time. Still, not near close to the level the typical anglo-saxon doing the same job would do.

[Anonymous No.10758002]

>>10757981
now is a good point. it looks like we're in the despair phase on the 1W charts for ETH and BTC, so we'll probably slowly work our way up over the next months. it could always go down though, there's always risk. the whole market would be in pretty deep shit if they crashed hard again though.

[Anonymous No.10758003]

>>10757976
>who works closer to the data
the corporate layman IT speak. it hurts

[Anonymous No.10758020]

Why have you said nothing about privacy coins? They are arguably the best use for blockchain. I get hay you have an adverse on to pure payment coins. But realistically a truly private store of wealth is much more than a payment coin.

[Anonymous No.10758038]

>>10757996
I've worked on good teams so I'm pretty lucky. I feel bad when we have to let the hard working ones go when their contracts are over. never get to keep the good ones.

>>10758003
I'm trying to put it into terms that "project management professional" anon will understand, since he would never grasp the technical details.

>>10758020
exchanges will have a lot of pressure to delist them from governments over KYC/AML laws, but in theory they should always have a use case for dark net markets, but will be hard to exchange most likely which could hurt their value.

[Anonymous No.10758043]

>>10758002
No problem if they go down, I'm not gambling an awful lot and I don't need the cash anyway.

Full Coinbase or should I diversify a little?

[Anonymous No.10758046]

>>10756348

Honestly if you started in 2013 and ended up with less than millions, it isn't because you're risk averse it's because you're bad. Full stop. I am risk averse, I avoided Tron and every other major 20x and every chink shitcoin, and I started in 2016 with 20k and had 900k by January 2018, of which I cashed out half. And I'm a 23 year old college student, I cannot comprehend being a banker with access to a salary and having an ATH of only 400k seriously. Don't give anyone advice.

[Anonymous No.10758052]

>>10757976
1 word my myopic friend - security. enterprise data centers are going nowhere.
you sound like an IBM commercial geared towards boomers

[Anonymous No.10758058]

>>10758043
if you aren't dealing with huge trades coinbase fees won't sting you too hard, so I would go with what's easiest for you depending on your location.

[Anonymous No.10758090]

JNT is a meme or not? Focused on tokenising assets, has carried out pilots with central banks (Jordan and another unnamed country), 250MM backing by a Sheikhs fund etc. They're actually rolling out their crypto fiat solution right now. I read things like your post and obviously there's been a lot of bullshit the past few years so I find it hard to believe I've found a gem, but these guys seem legit.

[Anonymous No.10758118]

>>10758058
Frog eater here, so let's go with it. Will start at 2-3k€ and see where it goes for a while.

Thanks for your thoughts!

[Anonymous No.10758156]

>>10758046
so you entered at the bottom as sold at top, that's called luck, not skill. plus you didn't say which coins you did trade, so they were probably very risky, and you didn't say how much that other 450k went down to, so until you give that info, you're just a lucky faggot.

>>10758052
how am I an IBM commercial when I'm saying the middleman vendors (enterprise data centers) will be replaced by private blockchains? I'm bearish on data centers friend, not bullish.

>>10758090
I can't really speak to purely international market coins, but generally don't trust them, so sorry can't help

[Anonymous No.10758196]

>>10758038
Decentralized exchanges are the future. Ever notice Monero trades at a premium on non kyc exchanges? At the end of the day if any coin is 100% sure not to die it’s a privacy coin with an actual use case

[Anonymous No.10758229]

>>10756348
Greetings OP. Why do you say most alts will never recover? I understand most are shitcoins, but does that matter to the market? During the last bullrun all types of garbage went sky high

[Anonymous No.10758272]

>>10758196
the problem is decentralized exchanges are limited to 1 chain. you can't buy XMR using BTC on a decentralized exchange because 1) neither is a smart contract platform and 2) even if one of them was, they're different chains and a transfer can't take place without a centralized market maker performing settlements. the only real way to buy XMR outside a normal exchange would be a local market. and there's a lot of reasons for price differences between exchanges, not just KYC rules.

>>10758229
most alts are bullshit especially the 2017 ICO ones, they pump once real big then the whales exit and liquidity slowly drops to nothing, and people move on. some shitcoins don't ever die, like XRP, that's been pumping and dumping for years. it goes coin by coin, and the market decides which ones will keep going, but generally most are dead after the first big pump.

[Anonymous No.10758290]

>>10758156
then you're wrong, because of security. all that data has to be stored somewhere, whether it be structured via blockchain format or traditional database. back to my original point- blockchains are horribly inefficient but their benefit is censorship resistance. private companies do not need that; therefore it would be completely retarded for them to store their data in this fashion, because they still have the same costs to host the data but in a less efficient form.
you fell for the ETH, EOS, platform coin meme. don't feel bad, lost of people did and the market is finally reflecting that. the banks and VCs love them, think about why that is and you may be able to get out with some profit.

[Anonymous No.10758297]

>>10757895
>and the women are curry princesses with hips for days, beautiful.
Ok I have to butt in now. You are an idiot. Pajeetesses are really unattractive.

[Anonymous No.10758318]

>>10757107
>He thinks currency coins are worth anything

[Anonymous No.10758323]

>>10758290
so screenshot me so you can shame me when it all goes belly up then, I don't mind.

>>10758297
not the ones in the US who make six-figures, they come from rich families and are assertive. usually in project management roles.

[Anonymous No.10758325]

>>10758297
The one that I've encountered in London was insistent on doing everything the easiest way possible, even if it was clearly visible that shit will break in 5 minutes flat. Had panic attacks when pointing out any horrible misconception she had.

[Anonymous No.10758326]

>>10757666
Why does supply matter at all? eg, VEN just became VET and supply increased 100x, why would that have changed the fundamentals at all (I think VET is shit, but anyways...).

[Anonymous No.10758333]

>>10756348
New fag came in Dec 17

1) do you think BTC is going to 5k soo

What do you think of NANO

What do you think of Link

What do you think of BCH?

Who's satoshi?

[Anonymous No.10758337]

>>10758272
I didn’t say anything about going directly from btc. Also I totally disagree. Why is every KYC exchange sell Monero for about 5% less? Because the people who are actually using it I don’t want that to be sent to the government. There are always differences between exchanges but normally not that aggressive and not that consistent. People would be arbitraging it if it wasn’t for know your customer laws.

[Anonymous No.10758350]

>>10756348
Whats your strategy? How do volume matter in terms of trading?
And how do you know that ETH is still bearish?

What's the reason BTC crashed back to where it is now after December 2017?

[Anonymous No.10758351]

>>10758323
>not the ones in the US who make six-figures, they come from rich families and are assertive. usually in project management roles.
I’ve met them, they are no different, and usually massive sjw leftoids.

[Anonymous No.10758382]

>>10758351
Imagine taking marching orders from a non programming pajeet

[Anonymous No.10758400]

>>10758318
see >>10757171
>>10758323
i don't need to do that. i am confident with my position. it seems like you are too and i admire that. the market will decide. good luck with your investments.

[Anonymous No.10758423]

>>10758326
I've said in other posts the speculation and trading aspect is just as important as fundamentals. on a high supply coin a whale will exit their position much earlier than you can at much higher gains, it's simply supply and demand. without mass adoption of the tech, this is how it will be.

>>10758333
BTC is too hard to predict because the scaling war but 6k support is very strong, it'll take a lot to crash it. NANO is shit because DAGs are overrated and all it does it payments, LINK is a meme, and BCH is a china hustle. it could cause BTC problems if it wanted to, it's all up to china. worst case scenario they crash the BTC hashrate and replace BTC with BCH, and call it bitcoin. the market will just start calling it bitcoin cuz they don't give a fuck about the tech, not yet and not for a long time.

[Anonymous No.10758458]

>>10758272
Ok, I see what you mean on the liquidity thing. So are top 15 coins a safe bet to buy back into at this point? They appear to be able to show resiliency in my opinion.

[Anonymous No.10758494]

>>10758337
well, they people you're talking about are not market movers. I report all my trades to the IRS and don't give a shit what a coin is, I'll report it accurately and enjoy the profit. arb traders need to think about network speed, fees, liquidity, currency conversions, they are the ones who make the price differences.

>>10758350
my strat is hold in the best long term coin (currently ETH imo) and avoid losses which catching any shitcoin I can. volume matters because you have to be able to sell your position once you're holding it. you can't sell for a profit when the dump starts because the bots will beat you, and you need enough buyers to absorb your position as you exit. sure a shitcoin may cost 10 cents, but if a $100 sell order crashes the price to 3 cents, that's not a good buy.

ETH is probably getting hammered by ICO company sells, but I'l bullish on it long term, they'll probably scale it in a few years which is a good timeframe I think.

BTC crashed because it was in a bubble but the first trigger was when the blocks became full, money started moving to alts exactly at that point.

[Anonymous No.10758497]

>>10756348
>low risk tolerance
>holding primarily ETH
Don't fall for the meme, friend. ETH is a double digit shitcoin.

[Anonymous No.10758544]

>>10758458
they will be very liquid yes but it depends if you want long or short term gains. hold the good ones, flip the risky ones. the higher the supply, the harder it will be to time your sales. make sure you know all the support levels on the charts especially zoomed out to 4hr,1D,1W etc.. and set your orders in front of them so your orders fill before it hits support or resistance.

>>10758497
EOS or BTC maximalist? just curious

[Anonymous No.10758592]

>>10758544
tether maximalist
I think BTC will go to 3k and ETH to 20$ in this bear market.
Even if that's not true, ETH isn't a risk averse investment, it's very risky.

[Anonymous No.10758606]

>>10758458
>>10758544
also make sure you know the support lines at both BTC/ETH price levels and fiat price levels. ex: resistance might hit at $1 but you're looking at a X/BTC chart which would be 0.000157 price. important on coins that don't follow the BTC/ETH charts.

>>10758592
yeah? all cryptos are very risky. ETH is one of the least risky cryptos next to bitcoin.

[Anonymous No.10758619]

>>10758544
Hi thank you for the thread, I just got into the game and purchased $500 worth of XRP. I’m really looking into long term holding. Would you suggest trading my XRP for ETH or BTC? After reading your posts I’ve lost faith in XRP as a long term investment.

[Anonymous No.10758628]

>>10758494
The people I’m talking about actually use Monero. Everything you’ve said is a purely speculative investment in hopes of a greater fool.
You only have 6 figures in crypto. You aren’t a market mover. Some of us have been in for half a decade and actually made money

[Sage No.10758643]

Why the fuck would I listen to someone whose only quality is that he invested early? You don't know shit you fucking nigger so stop pretending you're some modern day warren buffet

[Anonymous No.10758650]

>>10758619
it's a risk and reward decision. traditionally XRP is risky high gain hold, but it's basically too expensive now for high gains. in a bear market I'd roll 90-95% in ETH/BTC and the rest in high risk moonshots because you can't 50x ETH/BTC, but you can on shitcoins. so it's smart to put a bit of money in risk and convert it to ETH/BTC or cash it out during the pump. I'd choose something other than XRP though.

>>10758628
>Everything you’ve said is a purely speculative investment in hopes of a greater fool.
you're on /biz/ mate, not /g/

[Anonymous No.10758657]

>>10758643
That's the hardest part, retard. People gave me all kinds of shit for buying in 2013. Now I have 250k from a 5k initial stake

[Anonymous No.10758673]

>>10758643
it's a "newfag advice" thread and I've already said while I got into ETH early, almost all my cashouts have been short term altcoin trading and riding the market waves. I sold a few hundred ETH around $15 but have not sold any after that, just accumulated more. I recorded losses every year up to 2016 due to the multi year bear market, but learned how to trade shitcoins, the only profit I made was the last 2 years.

[Anonymous No.10758675]

>>10756348
New to investing. Any tips?

[Anonymous No.10758687]

>>10758675
buy lube and read the thread

[Anonymous No.10758688]

So take home from the thread is to buy low supply, smart contract tokens in the top 30 mcap.
Which would be NEO, LISK, QTUM, ICON.

[Anonymous No.10758704]

>>10758606
Got it. Looking at ADA myself right now, will be a potential long term flip. I've mostly consolidated into BTC/ETH but have been looking to shift a bit into other major alts for eventual rocket gains.
Thx for the reply man, appreciate you taking the time.

[Anonymous No.10758725]

>>10758650
Thanks for the reply, do you like ETH or BTC better?

[Anonymous No.10758750]

>>10758688
and ETH, which is effectively the bitcoin of dapp platforms. I already made my money on NEO but am done with it for now, DPOS is shit so LISK is out, QTUM requires trusting china, and I'm in ICX but sitting underwater pretty hard on that.

>>10758704
be careful with ADA, it will probably move faster than you can trade so I'd set high sell orders right now and adjust them as the market demands. the high supply means the eventual dump will be much worse than your standard BTC/ETH dump.

>>10758725
ETH by a wide margin. BTC development community is fractured from the scaling war and corporations are releasing services to compete with instant payments, but wall street could still keep it alive and valuable, that's not my style though.

[Anonymous No.10758761]

>>10758650
I can actually use my crypto. You are really missing the point in the same way you missed out on being a crypto millionaire.

[Anonymous No.10758774]

>>10758725
My NKN cashout is going to be glorious

[Anonymous No.10758781]

>>10758761
I use it too bud. I run a local geth node and use crypto to pay for VPN and other services online. I don't buy drugs with it so I don't need a privacy coin, ETH and BTC are enough for me.

[Anonymous No.10758854]

>>10758781
VPNs are basically the only thing you can come up with? What a sofa on overstock? All of these things you can buy with Monero. But not everything that takes crypto can be bought with ether. Almost nothing can be bought with ether

[Anonymous No.10758865]

>>10758781
Everyone needs privacy. As a banking insider you aren’t gonna see that

[Anonymous No.10758869]

>>10758854
not about to give you a list of my purchases over a japanese anime image forum

[Anonymous No.10758890]

>>10758750
alright pal what do you think of AION, interoperability dApps is huge as not everyone will be using a single dApp platform like ETH. But like many other smart contract tokens that claim to solve scalability they haven't truly been tested and are just false promises.

[Anonymous No.10758935]

>>10757080
This is correct and I got gooked with ICON holding the bags. Fuck my life.

[Anonymous No.10758938]

>>10758890
I'd probably throw a few bucks at the speculative aspect but sounds like a lot of buzzwords, if it survives bear market that'd be a good indicator

[Anonymous No.10759108]

>>10758750
Im holding 1mln of nimiq...premined for free.. What should I aim for..

[Anonymous No.10759172]

>>10756629
>4 hours
>no reply
lmao
in regards of polymath, search on youtube "Crypto Investor Polymath", it's 20-25 minutes long, but it will give you all information you need to know about this project. It's absolute bullshit but yet could (and probably would) make very big money. Just remember to sell at the top

[Anonymous No.10759308]

>>10759108
probably dead, I'd dump if there's still buy orders left

>>10759172
didn't see it but I think watchbro shilled poly but it looked like a shitcoin to me, they all do. most have no volume/liquidity and probably won't survive. POLY maybe if asia keeps it alive but high risky short term only I would do.

[Anonymous No.10759323]

>>10759172
basically anyone buying these is a poor NEET who should not be putting money in cryptos, same with all the ultra cheap high supply coins usually

[Anonymous No.10759433]

>>10757122
>Work for a bank
Thanks mr nosenberg

[Anonymous No.10759483]

>>10758592
>I think BTC will go to 3k and ETH to 20$ in this bear market.
You think BTC and eth will go that low? I get the feeling eth might go below $100 for a bit until all the scam tokens are gone but to $20 dollars?

[Anonymous No.10759506]

>>10758869
Why you give them to everyone on the network?

[Anonymous No.10759530]

>>10758869
Clearly you do care about privacy. Hmmm

[Anonymous No.10759601]

>>10758494
What's the best way to go if I swing trade or day trade?

My question is what tools/charts do you use to measure volumes and how do you read them?

Please help a newbie trader senpai

[Anonymous No.10759695]

>>10759601
don't swing or day trade until you know how to trade, very well, so that'll be a long time or just never since it's too risky. i use tradingview pro and look at the volume profile indicator and trends for support/resistance levels, and set my orders from those price points, usually in front of the support or resistance so the orders fill. best bet is buy for long term if you're new. gamble with very little on high risk stuff and just buy low and sell on the way to the top of the pump. trying to swing trade will get you wiped.

[Anonymous No.10759721]

>>10759601
for example the BTC 6k support line. tested many times but failed to break it. if it does break it could easily dump down to 4200-4300 where the next spike on the volume profile is. that's why traders are throwing the 4200 range number around currently.

[Anonymous No.10759792]

>>10758423
> all it does is payments - just like fucking bitcoin
> DAG
> Instant and feeless
> overrated
NANO is literally btc 2.0

[Anonymous No.10759854]

>>10759792
like I've said multiple times, what you think are "good" fundamentals does not mean a coin will succeed. timing, and market conditions also matter. NANO was too late, if it launched in 2014-2015 it'd probably be huge, but also the wallet requires proof of work when sending transactions which makes it expensive and high maintenance for exchanges and payment processors to implement. nocoiners have no reason to use NANO when they can just use a debit card, it doesn't offer anything people don't have with a visa card since all it does is payments and it isn't privacy enabled.

[Anonymous No.10759865]

>>10759721
I've seen this line with my own TA, thing is yesterday for instance I made the wrong decision of shorting right at the 6k price mark... Then somebody told me that I should have looked at the volume to see it wouldn't break the support line so I switched to long positions but lost $100 in the process...

Now I'm adding various volume instruments to my TA but realized I don't measure it the same way some other traders do(the ones who make good predictions).

[Anonymous No.10759905]

>>10759865
trying to day trade requires much more and deeper analysis but the fact remains a major news story or network issues can blow up any TA pattern you're trading on. same with options in the stock market, it's basically gambling and you're at the mercy of the market news cycle alongside your TA. one bad move can blow your profits. that's why I don't swing trade. plus it creates a tax reporting nightmare.

trade volume can be misleading too. we all know whales are watching and waiting and don't know what USD exchange balances are, so it can all change on a moments notice. the volume profile is better because that tells you when most people are in the profit or underwater and where the support is.

[Anonymous No.10759945]

just go balls deep at 3k, it's that simple

[Anonymous No.10759984]

>>10759854
there are already pow markets for nano
VISA is old world garbage that moves fiat scam left and right
NANO is fucking digital money
you might be a decent trader, but if you are comparing both you are a brainlet on fundamentals

[Anonymous No.10760251]

>>10758750
DPOS isn't shit, there's a reason why many blockchains are now adapting to using it instead of other conesnsus algorithms. Its all down to trade offs. Bitcoin and all altcoins are centralized in some ways, none of them are fully decentralized.

[Anonymous No.10760284]

>>10756908
>smart contract platforms will revolutionize existing tech and cut tech costs massively in the private sector.
he thinks he didnt get into chainlink early enough to buy

[Anonymous No.10760685]

>>10757710
pretty much exactly me. made $200k before going sub $1k lmao

[Anonymous No.10760884]

>>10757008
kek

[Anonymous No.10761028]

>>10759792
>>10759984
>brainlet on fundamentals
he's a shill bro. i discussed the hilarity of platform coins with him earlier. he works for a bank, of course he's against currency coins.

[Anonymous No.10761403]

good thread OP. Since you are bullish on platform coins, what are your thoughts on icon? will it ever come back?

[Anonymous No.10762313]

>>10756348

Hey bud, i'll bite.

Fellow I guess you could say veteran crypto trader here. Been in the game over a year.

Just curious your thoughts on AXPR. I have a massive stack and i unironically could see it pumping to top 200-100 next bull run.

[Anonymous No.10762433]

>>10762313

Also thought i'd add, Nexus Earth as well. Good shit.

[Anonymous No.10762466]

>>10759108
The roof of your mouth. You don't want to end up living but looking like Arseface.

[Anonymous No.10762496]

in since 2013, saw the whole ETH run up and not a millionaire. Sorry but your advice is gonna be shit. A monkey would be a millionaire if they started in 2013.

[Anonymous No.10762508]

>>10756623
you think he's brainlet? I started in 2012 and only have $12k now. Bitcoin was $5 when I first bought it. Guess what? I was a teenager and used it for degenerate purposes instead of stacking. I didn't understand the deflationary power until 2013, managed to sell the peak there. Used it for degeneration during the next couple of years, made good money off that but didn't start collecting a stack until the end of 2016 and by then I didn't have much to go all-in with (only 2k). Still, haven't taken a paycheck in 5 years just been cryptoneeting so that's pretty badass

[Anonymous No.10762637]

>>10762508
Define degenerate purpose please.

[Anonymous No.10762665]

should I buy in now or wait a few more weeks. I cant shake the feeling another dip is coming

[Anonymous No.10762792]

>>10762665
You could wait months if not years, the oldfag will remember last time, it's the length of time that will capitulate you rather than the price. A sharp drop and people will convince themselves it can recover just as quickly, after all it only took 2 months to go from this price to ATH less than a year ago, but as that continues to not happen hopefuls will drop off and get on with their miserable lives. We will retain some new cult members so I'm not suggesting another $200 bottom, but we have a fair way to wind back to BTFO any hope of actually making it.

[Anonymous No.10763099]

>>10761028
Yeah no shit. He’s wrong and won’t address my point of that privacy coins are important. They aren’t gonna be banned and they can’t be banned. He’s a Jew or ally if Jews

[Anonymous No.10763111]

Thoughts on DAG?

[Anonymous No.10763143]

>>10763111
TRIPS OMG
DAG tight, no source code out but promises are fucking golden

[Anonymous No.10763218]

>>10758423
This guy doesn't know what he's talking about.

Be careful if you are new.

He is either deliberately mis-informing or a useful idiot.

[Anonymous No.10763276]

>>10763218
"works for a bank"

case closed

holding "no limit centralized fun bux ETH" instead of hard money BTC..

this faggot trying to steal your money. beware.

[Anonymous No.10763328]

>>10763111
Can anyone verify it works?

I remember what a joke and mess IOTA was, and wonder if this is any different.

If it really is BTC 2.0, why is nobody using it?

Why do no darknet markets accept Nano?

Riddle me that my niggers.

[Anonymous No.10763871]

>>10758423
>Elaborates on BCH and NANO, but LINK is just a meme without any further explanation...please believe me goy

[Anonymous No.10764195]

>>10763218
>>10763276
>ad hominem instead of refuting the central points
Next thing, you'll think that you've won with pictures of smug anime girls. Let me demonstrate: