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  1. #1
    ale connoisseur redsfann's Avatar
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    Anyone getting out completely

    Seeing as the crypto market is in a free fall?
    I knew it was a risky venture to get into and in prepared to lose what I invested, but watching my money evaporate these last few days does kinda suck.


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  2. #2
    Registered User Snafu's Avatar
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    it truly sucks but i'm gonna stick around

    during last 2-3 weeks i have sold all "shit coins" if they were close/winning, most of them are now
    in free fall and just one (sonm) sky rocketed. if not -> sell order for 3 x original price and to the eternal hold wallet

    coins i kept: BTC, BCH, ETH, SAN, OMG, NEO, waves
    today i sold all moneros ( $106) and bought ETH ($263), will buy monero back later

    even after this -20% drop i'm still easily +100% from april-may this year

    overall, this might be last good times to get those top ten market cap coins

    keep calm and don't panic sell.
    2018 will be the crazy year of cryptos, just watch news where chinese or us bankers are bashing bitcoin etc. imo that's good sign and more and more people will be interested about cryptos

    Motto panukeiku !

  3. #3
    Trustee BobbyBlueChip's Avatar
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    Actually be prepared to lose what you put in and have this be one part of your overall investment portfolio.

    But if you think that the real value on your coins > value of your holdings, then you stay in. If not, you get out

  4. #4
    ale connoisseur redsfann's Avatar
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    Quote Originally Posted by Snafu View Post
    it truly sucks but i'm gonna stick around

    during last 2-3 weeks i have sold all "shit coins" if they were close/winning, most of them are now
    in free fall and just one (sonm) sky rocketed. if not -> sell order for 3 x original price and to the eternal hold wallet

    coins i kept: BTC, BCH, ETH, SAN, OMG, NEO, waves
    today i sold all moneros ( $106) and bought ETH ($263), will buy monero back later

    even after this -20% drop i'm still easily +100% from april-may this year

    overall, this might be last good times to get those top ten market cap coins

    keep calm and don't panic sell.
    2018 will be the crazy year of cryptos, just watch news where chinese or us bankers are bashing bitcoin etc. imo that's good sign and more and more people will be interested about cryptos

    I don't own any OMG, but I do own all the others you mentioned here. I bought a bunch of ETH when it dropped to 300 last week and am going to hold everything I own and possibly add soon.


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  5. #5
    ale connoisseur redsfann's Avatar
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    Quote Originally Posted by BobbyBlueChip View Post


    Actually be prepared to lose what you put in and have this be one part of your overall investment portfolio.

    But if you think that the real value on your coins > value of your holdings, then you stay in. If not, you get out
    Investment? Nah, the few dimes I tossed at these crypto coins is just gambling money diverted from sports books.
    As far as a "real value" goes regarding cryptocurrencies, I don't believe any of them have any more value than does a fiat currency.
    Yes, you can do a bit of shopping with BTC now, but it's still converted into USD when you do so.
    It's so early in this whole sector that everything could go to zero tomorrow and I wouldn't be the least bit shocked-- nor will i be shocked if one of more of my holdings gives me a 1000x winner.
    These coins are nothing more than penny stocks in a different form.
    Gamble with them at your own risk and be prepared to lose everything and it's all good.
    Just was wondering what others felt about the current reduction in value of many of these coins.

    To toss another question at the forum:

    Anyone got a guess as to where the bottom is for these coins?
    If anyone catches that bottom and they rocket back to new highs you're going to make some decent money ....


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  6. #6
    Quote Originally Posted by redsfann View Post
    Seeing as the crypto market is in a free fall?
    I knew it was a risky venture to get into and in prepared to lose what I invested, but watching my money evaporate these last few days does kinda suck.


    Sent from my iPhone using Tapatalk
    No. I'm holding a ton of MTL and i'll be holding until $40+ or zero.


  7. #7
    I think i'm going to put some money in a book that offers fast withdrawals. If I had extra BTC this morning, I would have bought more MTL. But by the time I move it, it's usually too late. I wish there was an easy way to convert USD to BTC to MTL.

  8. #8
    ale connoisseur redsfann's Avatar
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    Quote Originally Posted by Trampled Underfoot View Post
    I think i'm going to put some money in a book that offers fast withdrawals. If I had extra BTC this morning, I would have bought more MTL. But by the time I move it, it's usually too late. I wish there was an easy way to convert USD to BTC to MTL.
    Use Coinbase. Leave it in USD, then convert to BTC or ETH and buy at whatever exchange you're using to buy MTL.


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  9. #9
    Quote Originally Posted by redsfann View Post
    Use Coinbase. Leave it in USD, then convert to BTC or ETH and buy at whatever exchange you're using to buy MTL.


    Sent from my iPhone using Tapatalk

    I thought there were issues with Coinbase now? Thanks. I'll have to look into it if that is an option.

  10. #10
    Quote Originally Posted by Trampled Underfoot View Post
    I thought there were issues with Coinbase now? Thanks. I'll have to look into it if that is an option.
    The only problem are the fees of converting from $ to BTC or ETH at Coinbase.

  11. #11
    Quote Originally Posted by homedog View Post
    The only problem are the fees of converting from $ to BTC or ETH at Coinbase.
    Are the fees from moving from your bank account to coin base? Is that what you mean? I have no intention of involving my bank account.

  12. #12
    Quote Originally Posted by Trampled Underfoot View Post
    Are the fees from moving from your bank account to coin base? Is that what you mean? I have no intention of involving my bank account.
    No. Within coinbase converting $ to BTC/ETH.

  13. #13
    Go coinbase to gdax (free) and then do what you want to do.

  14. #14
    Quote Originally Posted by homedog View Post
    Go coinbase to gdax (free) and then do what you want to do.
    Thanks.

    Looks like things are coming back a big. MTL is rebounding nicely.

  15. #15
    Go Pokes! Jaxx's Avatar
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    There will be dips although this one is significant. But if you look at the over all chart Did almost the same thing at 2500. Dropped 25%. Doing it again at 5k. Next stop $7500. I tend to just not look at my totals during these down times. Just a matter of time until it pops again. Woodson said 100K!

    If it was easy. Everyone would want to do it.

    Freedom is Not Free!

    Free your mind and your ass will follow!

  16. #16
    Go Pokes! Jaxx's Avatar
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    Quote Originally Posted by Jaxx View Post
    There will be dips although this one is significant. But if you look at the over all chart Did almost the same thing at 2500. Dropped 25%. Doing it again at 5k. Next stop $7500. I tend to just not look at my totals during these down times. Just a matter of time until it pops again. Woodson said 100K!

    This one may a little deeper with this damn China ban. HODL
    If it was easy. Everyone would want to do it.

    Freedom is Not Free!

    Free your mind and your ass will follow!

  17. #17
    Registered User Snafu's Avatar
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    when these chinese figure new way to invest crypto it will bounce back.
    i'm wondering why monero takes such a hit, i thought it's safest anonymous
    coin to invest and move around


    i layed all cash i had on different exchanges to eth ~$245

    all i can say now is good luck and hopefully merry xmas
    Motto panukeiku !

  18. #18
    Registered User Snafu's Avatar
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    i have to admit, i'm getting a bit pissed off right now

    ETH $215

    market cap -$10.000.000.000 in 24h

    and us friday haven't yet started....
    Motto panukeiku !

  19. #19
    ale connoisseur redsfann's Avatar
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    Quote Originally Posted by Snafu View Post
    i have to admit, i'm getting a bit pissed off right now

    ETH $215

    market cap -$10.000.000.000 in 24h

    and us friday haven't yet started....
    Yeah, I was so pleased with myself when I grabbed a handful of ETH at 300 only to see and all my other holdings drop 20-75%
    Read recently where China makes up 20% of all crypto trade volume so with their government making the moves it has recently...
    Just looking at all of this as a losing sports wager that's a long, slow bleed rather than seeing my money evaporate in a few hours.

    Who has the guts to buy more right now??


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  20. #20
    Administrator . MadJack's Avatar
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    “All” Chinese Bitcoin Exchanges Must Close By September 30

    Bitcoin prices are already reacting, with 24-hour losses approaching 21% at $3000.Cryptocurrency CEOs have reacted to BTCChina and now other exchanges shutting down with firm plans for the future.Speaking in emailed comments, several industry players said that while markets were reacting harshly to Chinese regulatory moves, the long-term benefits for Bitcoin’s ethos and therefore stability were clear.“The price is always a solid metric of the markets’ greed and fear, and reflects regulatory uncertainty at the moment,” Leverj CEO Bharath Rao commented.“This also signals that development of non-custodial and decentralized models will accelerate.”
    “Regulation is neither necessary nor possible for decentralized models, and the future may have gotten just a bit brighter by nudging the crypto community to develop high speed, non-custodial exchanges.”
    Chinese investors became notorious for their short-term trading activities, which often influenced Bitcoin volatility in the past. The latest regulatory warnings produced a second mass exodus to p2p trading platforms such as Localbitcoins this year.With sanctioned Bitcoin-to-fiat trading looking to stop in China altogether, an major market influence will disappear, but this may not be the case forever.“China is practically building a cottage industry for mining and exchanging bitcoin and other cryptocurrencies, so it is hard to believe that they intend to exit a market with so much potential upside,” Jason English of Blockchain alliance Sweetbridge continued.“Even the apparent ban on ICOs seemed to be more of a stopgap in order to get some policies in place. If anything, this example shows the volatility of the space and that some market-makers can likely take advantage of an unclear news cycle to create a sell-off and buy back opportunity.”

  21. #21
    Under .500 yyz's Avatar
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    All my money is tied up in a few of these lesser known models:


    SHT
    DAM
    FKD
    OWY
    NOO
    IOU
    Hope in one hand, and shit in the other.......See which one fills up faster.


    TRE45ON

  22. #22
    Registered User Snafu's Avatar
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    and now epic rally up...

    monero $66 to $94

    OMG $6.50 to $9.40

    BTC +10%, ETH +20% from bottom...

    all that in less than 30mins
    Motto panukeiku !

  23. #23
    Administrator . MadJack's Avatar
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    Quote Originally Posted by Snafu View Post
    and now epic rally up...

    monero $66 to $94

    OMG $6.50 to $9.40

    BTC +10%, ETH +20% from bottom...

    all that in less than 30mins
    It's encouraging, that's for sure, but BTC still down a dime since Wednesday. Keep going back up.

  24. #24
    Trustee BobbyBlueChip's Avatar
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    Quote Originally Posted by yyz View Post
    All my money is tied up in a few of these lesser known models:


    SHT
    DAM
    FKD
    OWY
    NOO
    IOU
    Fuck me - can't believe i missed out on the yyz gloat. Such an obvious buy trigger.

  25. #25
    Administrator . MadJack's Avatar
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    Pretty amazing recovery compared to the price I woke up to.

    Strong hands.

  26. #26
    Trustee BobbyBlueChip's Avatar
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    Quote Originally Posted by MadJack View Post
    Pretty amazing recovery compared to the price I woke up to.

    Strong hands.
    Waking up is just like Christmas. You never know what you're gonna get. Hopefully , you BTFD and are swimming in bags right now like me.


  27. #27
    Trustee BobbyBlueChip's Avatar
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    Quote Originally Posted by MadJack View Post
    Pretty amazing recovery compared to the price I woke up to.

    Strong hands.
    Waking up is just like Christmas. You never know what you're gonna get. Hopefully , you BTFD and are swimming in bags right now like me.


  28. #28
    Quote Originally Posted by yyz View Post
    All my money is tied up in a few of these lesser known models:


    SHT
    DAM
    FKD
    OWY
    NOO
    IOU
    You are missing out. I bought more MTL.

  29. #29
    Quote Originally Posted by BobbyBlueChip View Post
    Waking up is just like Christmas. You never know what you're gonna get. Hopefully , you BTFD and are swimming in bags right now like me.


  30. #30
    ale connoisseur redsfann's Avatar
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    Quote Originally Posted by yyz View Post
    All my money is tied up in a few of these lesser known models:


    SHT
    DAM
    FKD
    OWY
    NOO
    IOU


    Dat some funny shit right there!


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    Ernest Hemingway

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