buizel
Banned
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Bitcoin, Cryptocurrency, Blockchain, and You: Navigating the Future of Tech (a NeoGAF discussion thread)
Ascend
Member
Market manipulation always happens in a bull market... The price is artificially crashed to scare people and convince them to sell their coins 'cheaply', so the whales can accumulate more.
Just remember that extremely fast price movements, whether up or down, are generally unsustainable. And I emphasize again that this counts for downwards price movements as well, not just upwards ones.
As long as the prices are moving slowly, there's a high chance of the direction continuing for extended periods. When it moves quickly, expect a change in direction on the short term.
The question is what accounts as slow or fast, but that's another discussion for another time.
buizel
Banned
I bought £15 a few days ago and now its worth £14.30. WTF
scam
clearly am trading wrong
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ThatStupidLion
Member
the founder of dogecoin has called it a joke - said he knows when the market is bullshit(or something along those lines) because thats when doge does well
why do people buy into this garbage - for the lulz obviously
why do people buy into this garbage - for the lulz obviously
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because there's a lot of gullible people in this world
it hasn't gone back to below a penny and hovering around 2-4 cents. it's gonna go up again one day. could be 2 years from now, though, but it will go back up.
mxbison
Member
If you can buy something and sell it at double the price a few days later, who cares if it's bullshit or not.
ThatStupidLion
Member
i get that, but the avg investor should care because its not simple to time and make money on coins like this. Its a pyramid scheme where youre only lucky if you can shill it to someone more stupid to buy in higher than yourself, before some whale dumps and takes the dum dums profits.
Also buying into it lends credence to this snake oil coin. Delegitimizes the industry imo.
its a “you do you” obviously. But its damaging and hyper risky
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{insert code here}
Member
Bitcoin
Synless
Member
I think you missed the affordable piece....
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Member
You don't have to purchase a whole bitcoin.
NOT financial advice. If you follow the "buy the dip" mantra, then when alts are pumping you should look at buying bitcoin. Similarly, when bitcoin is pumping you wanna look at buying into alt coins. Chasing pumps can get you rekt. It's gotten me rekt. Not financial advice, I'm not a financial advisor blah blah blah, blah blah, blah blah SEC go fuck yourself.
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Ascend
Member
Don't worry about it being expensive or not. Percentage gains remain the same independent of whether the coin's price is high or not.
But if you do want some 'cheap' ones (I don't know what you consider cheap), I'd say Cardano (ADA) and VeChain (VET). If you really like centralization, try Stellar (XLM).
Not financial advice, always do your own due diligence, but, I wouldn't buy coins right at this moment.
Synless
Member
Ok, so because I’m new to this, where is the safest place to buy? I noticed these are not on Robinhood. I know most crypto isn’t.
Ascend
Member
Mining is all about power efficiency... So, it's about finding the optimal balance between power consumption and hashrate. Unfortunately, it's hard to give any tips regarding this without owning the card. Generally, it's better to undervolt rather than overclock, unless your electricity is particularly cheap or free. Mining mostly depends on the RAM (depends on algorithm), so generally, dropping the core while maintaining the RAM will give you a similar hashrate at much lower power. On what I find on the internet, some people achieve -50% power, -500 MHz core and 1100+ MHz MEM, giving them 120W of power consumption and 60 MH/s.
Ascend
Member
I just looked up what Robinhood supports. XLM is there (or should be). I wouldn't recommending buying any of the Bitcoin forks nor Ethereum Classic. The rest are all ok (except maybe XRP). Remember that everything carries risk. I am myself keeping an eye on QTUM. It's one of the coins that barely moved in price compared to others but is still quite active. I bought a few myself.
Again, not financial advice.
Synless
Member
Yeah, no worries on the financial advice stuff. I fully understand all the risks. thanks for the assist, I found what you were talking about, except for cardano and vechain... not sure where to buy those that I feel safe using.
Ascend
Member
Try Binance.us
ULTROS!
People seem to like me because I am polite and I am rarely late. I like to eat ice cream and I really enjoy a nice pair of slacks.
Sold my Dogecoins out and profited around $100 from that lol.
Withdrew half my earning then the other half went to ADA. I hear it's doing good. Any feedback regarding ADA?
Withdrew half my earning then the other half went to ADA. I hear it's doing good. Any feedback regarding ADA?
Ascend
Member
ADA has been called the Ethereum killer. And for good reason. But there are multiple coins out there trying to compete with Ethereum. But ADA seems to be a good coin to invest in.
Ascend
Member
So they can tax you, unfortunately. And to prevent money laundering.
Omega Supreme Holopsicon
Banned
I think binance, coinbase, and kraken are considered reputable crypto exchange sites.
Not sure but also I think the trezor site(from the famous hardware wallet seller) might also have a way to buy crypto too.
edit:
I heard a few youtubers promote crypto.com, not sure if they are reputable, but their mco crypto prepaid visa card sounds good to buy bitcoin on the side. You can get 1 or 2% or more crypto cash back(up to 8% cash back if you're willing to stake a ridiculous sum.), crypto i think you can sell and buy bitcoin with on their app.
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n0razi
Member
You dont have a to buy full Bitcoins.... a satoshi is still dirt cheap
Just open an account on coinbase... its probably the most noob friendly along with robinhood for stocks.
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it's in every sense of the word a "meme" coin.. there is infinite supply of it.. and people just pump and dump it every day now..
you should do a little reading also.
A Mysterious Dogecoin Address Absorbed 27% of the Supply, the Top 20 Addresses Captured 50% – Altcoins Bitcoin News
Crypto supporters have been discussing a single dogecoin address that holds 36 billion tokens or more than 27% of the entire supply.
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Tesseract
Banned
Myths
Member
Congrats, you played yourself.
Big DOGE checking in. Floor is .0555 FIRM.
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Relativ9
Member
75% so far on ADA
ULTROS!
People seem to like me because I am polite and I am rarely late. I like to eat ice cream and I really enjoy a nice pair of slacks.
I’m worried that Dogecoin will drop suddenly. I dunno but that’s just me.
Anyway I’m just putting a small amount to Cardano. Not going to be super invested in Crypto.
Anyway I’m just putting a small amount to Cardano. Not going to be super invested in Crypto.
Ascend
Member
I bought ADA back when it was 10 cents. So I have good gains there.
QTUM and ICX are also giving me profits, but not as much, yet.
Even SOL, which I recently said I was gonna buy some, is already giving me some nice profits.
I find it really interesting that no one is talking about ZRX. It had quite a nice run recently. And it looks to be setting up for another one.
Edit: Aaaaand just like that, the divergence has been nullified.
QTUM and ICX are also giving me profits, but not as much, yet.
Even SOL, which I recently said I was gonna buy some, is already giving me some nice profits.
I find it really interesting that no one is talking about ZRX. It had quite a nice run recently. And it looks to be setting up for another one.
Doge is at its .618 fib retracement level. And divergence is forming. It is likely to drop again from here.
Edit: Aaaaand just like that, the divergence has been nullified.
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Mikey Jr.
Member
This is one of those things where to set aside $200, and just spend it on a bunch of cheap coins.
Then your 5 cent coin goes up to 2 dollars or whatever, and you've made a nice profit.
I will ALWAYS regret not buying bitcoin when it was less than a dollar. I remember reading about it when it was so fucking cheap.
Like, I could have spent 10 bucks and bought a lot of them. What would I have lost? $10? Who gives a shit.
And now look. 1 coin is 40k.
Why didn't I do it? I dont understand.
Won't make that mistake again. I'll buy some dog coin for 20 bucks. And some other ones for cheap too and then just hold on to them.
Then your 5 cent coin goes up to 2 dollars or whatever, and you've made a nice profit.
I will ALWAYS regret not buying bitcoin when it was less than a dollar. I remember reading about it when it was so fucking cheap.
Like, I could have spent 10 bucks and bought a lot of them. What would I have lost? $10? Who gives a shit.
And now look. 1 coin is 40k.
Why didn't I do it? I dont understand.
Won't make that mistake again. I'll buy some dog coin for 20 bucks. And some other ones for cheap too and then just hold on to them.
Ascend
Member
Not really... It's holding resistance at the exact previous level... And we reached it on lower volume, i.e. less buyers... Be careful. Sorry for the typo and grammar in the image lol.
Right now, if we drop back to 0.55 and go higher again, we will be forming a rising triangle, which is generally bullish. Wait for the pullback to that level, then buy if it holds. Technically, a drop to the black line (233MA) can still be bullish, because it's already higher than the previous low of 0.025.
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Delf
Banned
Why.. why would he do this.
Greed, over confidence... Dude heard a rumor of a 'Dogecoin Commercial' during the Superbowl... like, why run with that outlandish idea.
86k in at... .083
What do you do? Eat a giant loss?..or HOLD and pray it moons
I kept telling him, if your gonna go big, make it only go in MAX 10k ever again.. He made 36k since the big run on the 28th. Now is just bleeding it.
Welp, if this shit tanks I'm gonna be getting some OT when he ropes.
Greed, over confidence... Dude heard a rumor of a 'Dogecoin Commercial' during the Superbowl... like, why run with that outlandish idea.
86k in at... .083
What do you do? Eat a giant loss?..or HOLD and pray it moons
I kept telling him, if your gonna go big, make it only go in MAX 10k ever again.. He made 36k since the big run on the 28th. Now is just bleeding it.
Welp, if this shit tanks I'm gonna be getting some OT when he ropes.
Ascend
Member
17% corrections are nothing in crypto. If someone can't stomach that, they either invested too much or they shouldn't be in crypto at all. Looking at the amount invested, it's definitely too much. Bitcoin dropped over 30% just a few weeks ago... And he bought right at the current top... Not trying to scare anyone, but from bull market tops to bear market bottoms, some coins can literally drop over 99%. This space is not for gambling. You WILL get burned.Why.. why would he do this.
Greed, over confidence... Dude heard a rumor of a 'Dogecoin Commercial' during the Superbowl... like, why run with that outlandish idea.
86k in at... .083
What do you do? Eat a giant loss?..or HOLD and pray it moons
I kept telling him, if your gonna go big, make it only go in MAX 10k ever again.. He made 36k since the big run on the 28th. Now is just bleeding it.
Welp, if this shit tanks I'm gonna be getting some OT when he ropes.
Not financial advice, but, what I would do at this point in this situation is hold. On the daily chart, it still looks bullish, even though I don't like the volume.. I would look to break even before anything else. If he doesn't need the money any time soon, chances are that in a couple of months (if not earlier) Dogecoin will break these levels.
Hopefully, this is a lesson. For what it's worth, I am still holding some coins that I bought near the peak of the 2017 bull run. But that was a couple of dollars, mostly two digits, a handful are three digits. Not this.
Edit: This is a relevant video for this situation. Not crypto, but generally, all markets follow the same rules.
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Myths
Member
The highest bid placed and executed was above .088, that’s what I’m referring to. TA has nothing to do with anything here. Seems like it will close out the day holding above halfway to .08. Most people in this space are plain and simple looking at what bids it can top out at.Not really... It's holding resistance at the exact previous level... And we reached it on lower volume, i.e. less buyers... Be careful. Sorry for the typo and grammar in the image lol.
Right now, if we drop back to 0.55 and go higher again, we will be forming a rising triangle, which is generally bullish. Wait for the pullback to that level, then buy if it holds. Technically, a drop to the black line (233MA) can still be bullish, because it's already higher than the previous low of 0.025.
That being said, everyone should proceed with caution worse when it’s been on a bullish run for the past week. That’s meme trading for you though. For me? I’m holding and observing. But I’m just a doge, what would I know?
Edit: Bit more.
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