PieFacE Posted September 18, 2017 VT Supporter Share Posted September 18, 2017 So is anyone else getting involved in the crypto scene? I know there's a bitcoin thread, but i thought I'd start with thread for all the altcoins. It appears we're back into a bull market after the recent dip and who knows where it's going to go to now. Any coins anyone is liking? If this bull market coincides with a stock market dip then a lot of money could be about to come in. Link to comment Share on other sites More sharing options...
omariqy Posted October 9, 2017 Share Posted October 9, 2017 I would love to get involved with my play money but I have no idea where to start. I'll stick to my day job which is the stock market. Link to comment Share on other sites More sharing options...
villakram Posted October 9, 2017 Share Posted October 9, 2017 Be very careful, lots of regulations on the horizon and from what I've read many of these ICO based "opportunities" are ponzi/scams, and I wouldn't keep any significant amount of money in any of these until at least after Chinese congress finishes. Bitcoin may be the exception now, but purely due to it's size. Link to comment Share on other sites More sharing options...
AVFCDAN Posted October 10, 2017 Share Posted October 10, 2017 (edited) I was aware of Bitcoin about 5-6 years ago, oh how i wish i had gotten involved when it was in the 10's and 100's rather than 1000's. Edited October 10, 2017 by AVFCDAN Link to comment Share on other sites More sharing options...
PieFacE Posted October 12, 2017 Author VT Supporter Share Posted October 12, 2017 (edited) Bitcoin just smashed the $5000 barrier and is now at $5100! Crazy stuff. On 09/10/2017 at 18:21, villakram said: Be very careful, lots of regulations on the horizon and from what I've read many of these ICO based "opportunities" are ponzi/scams, and I wouldn't keep any significant amount of money in any of these until at least after Chinese congress finishes. Bitcoin may be the exception now, but purely due to it's size. Not sure about this really, regulation will be a good thing for the whole scene. It will prevent it becoming a huge bubble which is great for everyone involved. If crypto ever wants to be taken seriously by the masses it needs regulation. Personally I love it. There's some amazing tech coming through which is using blockchain, I think a lot of people think that that whole crypto currency scene is purely financial but it's really not. It's the next big technological leap. On 09/10/2017 at 15:08, omariqy said: I would love to get involved with my play money but I have no idea where to start. I'll stick to my day job which is the stock market. Just spend some time reading about it. You'll make a hell of a lot more money in crypto than you will in the stock market. If crypto was a human it hasn't even begun to walk yet imo. There's a long way to go, lots of money still to come in (Still only a market cap of 150billion, it's nothing) and lots of money to be made. Edited October 12, 2017 by PieFacE Link to comment Share on other sites More sharing options...
PieFacE Posted October 12, 2017 Author VT Supporter Share Posted October 12, 2017 On 10/10/2017 at 12:06, AVFCDAN said: I was aware of Bitcoin about 5-6 years ago, oh how i wish i had gotten involved when it was in the 10's and 100's rather than 1000's. In 5 years you could be saying "I knew of bitcoin when it was 1000's not 10000's, wish I got involved then! Link to comment Share on other sites More sharing options...
omariqy Posted October 12, 2017 Share Posted October 12, 2017 Sounds like a pyramid scheme to me Link to comment Share on other sites More sharing options...
Tegis Posted October 12, 2017 VT Supporter Share Posted October 12, 2017 27 minutes ago, omariqy said: Sounds like a pyramid scheme to me Most certainly isn't that, but its very volatile. As with all currencies, it's all about whether you trust it or not. Link to comment Share on other sites More sharing options...
omariqy Posted October 12, 2017 Share Posted October 12, 2017 3 hours ago, PieFacE said: Bitcoin just smashed the $5000 barrier and is now at $5100! Crazy stuff. Not sure about this really, regulation will be a good thing for the whole scene. It will prevent it becoming a huge bubble which is great for everyone involved. If crypto ever wants to be taken seriously by the masses it needs regulation. Personally I love it. There's some amazing tech coming through which is using blockchain, I think a lot of people think that that whole crypto currency scene is purely financial but it's really not. It's the next big technological leap. Just spend some time reading about it. You'll make a hell of a lot more money in crypto than you will in the stock market. If crypto was a human it hasn't even begun to walk yet imo. There's a long way to go, lots of money still to come in (Still only a market cap of 150billion, it's nothing) and lots of money to be made. Any books/resources you recommend reading? Link to comment Share on other sites More sharing options...
Tegis Posted October 12, 2017 VT Supporter Share Posted October 12, 2017 6 minutes ago, omariqy said: Any books/resources you recommend reading? I recommend listening to Andreas Antonopoulos. He has a few visits to Joe Rogans podcast where it's more of a pleasant chat with them. I think the links are in the other thread Link to comment Share on other sites More sharing options...
villakram Posted October 12, 2017 Share Posted October 12, 2017 3 hours ago, PieFacE said: Bitcoin just smashed the $5000 barrier and is now at $5100! Crazy stuff. Not sure about this really, regulation will be a good thing for the whole scene. It will prevent it becoming a huge bubble which is great for everyone involved. If crypto ever wants to be taken seriously by the masses it needs regulation. I was thinking more in terms of Bitcoin becoming illegal, as an anonymous medium of exchange is a very easy target given the current world we live in. There is also practicality, in that the Chinese have been imposing currency movement restrictions (e.g., our lack of spending this summer). Bitcoin is being used to skirt around these regulations. This is currently being tolerated. On the other side, here in the US, all of the big banks, and private funds are getting involved in the blockchain game, and it's not clear how this will effect Bitcoin right now. As you outline above, some regulation would be a good thing and Bitcoin is in a great position to become the de-facto standard. Though, the recent splits have damaged the credibility of Bitcoin as currently organized and managed. Specifically regarding Bitcoin, I've also read that an awful lot of coins are in the hands of a small number of initial "investors". Massive shorting or otherwise opportunity there. Medium of exchange = yes. Store of value = not clear, but you'd better be actively managing this part of your portfolio. Link to comment Share on other sites More sharing options...
PieFacE Posted October 12, 2017 Author VT Supporter Share Posted October 12, 2017 (edited) 31 minutes ago, villakram said: I was thinking more in terms of Bitcoin becoming illegal, as an anonymous medium of exchange is a very easy target given the current world we live in. There is also practicality, in that the Chinese have been imposing currency movement restrictions (e.g., our lack of spending this summer). Bitcoin is being used to skirt around these regulations. This is currently being tolerated. On the other side, here in the US, all of the big banks, and private funds are getting involved in the blockchain game, and it's not clear how this will effect Bitcoin right now. As you outline above, some regulation would be a good thing and Bitcoin is in a great position to become the de-facto standard. Though, the recent splits have damaged the credibility of Bitcoin as currently organized and managed. Specifically regarding Bitcoin, I've also read that an awful lot of coins are in the hands of a small number of initial "investors". Massive shorting or otherwise opportunity there. Medium of exchange = yes. Store of value = not clear, but you'd better be actively managing this part of your portfolio. Yeah all good point. I think it's too late to make Bitcoin illegal, that moment has gone imo. I'm more interested in the whole crypto scene for tech innovations, my favourite coin is Ark, spotted it at 0.13p and I think the team behind it are really good, the community is amazing and actively developing for it as it's open-source, the actual product is well needed in the crypto space (interoperability between blockchains) and I genuinely think it has a bright future. I kinda made a substantial investment (substantial for me) when it was 0.13p and now it's £2.06, and it's just getting started. I'm hoping for £25 in the next 2 years. But who knows, when regulation kicks in it could go anywhere.... but i'm cautiously-optimistic. I actually do not hold any Bitcoin, but I find it absolutely fascinating and have no idea where it's going to go. It's fun to watch it though 45 minutes ago, omariqy said: Any books/resources you recommend reading? I just used google really. Read about why people are investing in Bitcoin, what gives it value, then what is a blockchain, why is a blockchain so highly regarded, and then from that you find about all different coins doing all sorts of different tech using blockchain as it's core. I think you probably need to have a bit of a techy side to you to find the whole thing interesting. Edited October 12, 2017 by PieFacE Link to comment Share on other sites More sharing options...
snowychap Posted October 12, 2017 Share Posted October 12, 2017 Link to comment Share on other sites More sharing options...
Tegis Posted October 13, 2017 VT Supporter Share Posted October 13, 2017 Now that is funny. Especially the bloke trying desperately to promote his coin on that, not knowing anything about Mr wheeling and dealing Link to comment Share on other sites More sharing options...
PieFacE Posted October 13, 2017 Author VT Supporter Share Posted October 13, 2017 10 hours ago, snowychap said: Hahaha... Holy shit. Bitcoin went to $5850 last night. Parabolic. Link to comment Share on other sites More sharing options...
omariqy Posted October 13, 2017 Share Posted October 13, 2017 Spent some time reading last night and this morning. Signed up to coinbase. Will read some more before deciding to invest. Link to comment Share on other sites More sharing options...
Stevo985 Posted October 13, 2017 VT Supporter Share Posted October 13, 2017 As if the guy who claims he can't write an email knows the first thing about cryptocurrency Link to comment Share on other sites More sharing options...
Chindie Posted October 13, 2017 VT Supporter Share Posted October 13, 2017 1 hour ago, Stevo985 said: As if the guy who claims he can't write an email knows the first thing about cryptocurrency His dog is very well informed. 3 1 Link to comment Share on other sites More sharing options...
Xela Posted October 13, 2017 Share Posted October 13, 2017 8 hours ago, Stevo985 said: As if the guy who claims he can't write an email knows the first thing about cryptocurrency He's a 'wheeler dealer'! Link to comment Share on other sites More sharing options...
Kingman Posted October 15, 2017 Share Posted October 15, 2017 Bitcoin's market value is now larger than Goldman Sachs and Morgan Stanley https://www.cnbc.com/2017/10/13/bitcoin-market-cap-bigger-than-goldman-sachs-and-morgan-stanley.html Link to comment Share on other sites More sharing options...
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