Crypto lounge thread

[BURNΞR]

Normies used to invest under 5k in ETH or BTC and become millionaires. 'Only' 30-40x means you need 25k or more...this is an amount most normies won't put into a "speculative asset" because it's by definition risky and they don't have that kind of money squirreled aside anyway. Plus you need to hold without selling for 3-4 years, something that is easier said than done.

I think 10x is conservatively achieved before eoy 2020 if you can hold on to BTC and/or ETH. Remember, a lot of people are forecasting 100k-1m BTC. If you take a risk on other shitcoins it could do anything from 0-200x.

 

[AWright]

I think 10x is conservatively achieved before eoy 2020 if you can hold on to BTC and/or ETH. Remember, a lot of people are forecasting 100k-1m BTC. If you take a risk on other shitcoins it could do anything from 0-200x.

Which shitcoins do you think are worth the bet?

 

[M3B]

What would you suggest?

YouTube mostly seems like guys trying to shill what they are into, but I guess there are a couple quality guys.

I'd probably recommend just skimming r/cryptocurrency every couple of days. I like Omar Bahn on youtube but the videos are typically 20minutes long. I feel like Richard Heart has the best red pills when it comes to crypto but he posts infrequently.

My opinion in that investing early is better than being smart in this space. All the people that made it big were people that invested or found out about crypto early because their computer science friend or roommate mentioned it to them. I think normie to millionaire thing isn't going to happen anymore but there is room to 30-40x your money over the next 3-4 years, still much better than anything traditional financial instruments are offering unless you have insider knowledge or want to gamble.

If you're looking at normie to millionaire from just BTC then yeah, I agree. But there are a shit load of ways you can become a millionaire in crypto with the amount of alts that there still are.

If BTC is going to be at 100k in the next 3 years, then anyone accumulating now is going to be very well off indeed.

 

[Biz]

I think 10x is conservatively achieved before eoy 2020 if you can hold on to BTC and/or ETH. Remember, a lot of people are forecasting 100k-1m BTC. If you take a risk on other shitcoins it could do anything from 0-200x.

Which shitcoins do you think are worth the bet?

This is just a silly question.

It's a darts game with a blindfold on

 

[AWright]

Which shitcoins do you think are worth the bet?

This is just a silly question.

It's a darts game with a blindfold on

Not really, ya there is definitely an element of speculation but there are coins that solve real world problems for the blockchain and have real world uses and partnerships with large corporations that if lived up to their potential can be worth exponentially more than they are worth now.

 

[Ray Carlton]

I think 10x is conservatively achieved before eoy 2020 if you can hold on to BTC and/or ETH. Remember, a lot of people are forecasting 100k-1m BTC. If you take a risk on other shitcoins it could do anything from 0-200x.

Which shitcoins do you think are worth the bet?

Why would you invest in a shitcoin?

Invest in a COIN that is undervalued at the moment and did not see tremendous growth other coins haven seen in 2017.

I shifted a majority of my portfolio into COINVEST. They held their ICO at the worst time of the year, that's why only a small part of the tokens were sold. So now, we are in the great position of a very low circulating supply of 8.7 million tokens.

They listed on IDEX and HITBTC a few weeks ago and not surprisingly, people who bought at the time of the pre-sale in January cashed out now, which led to an even lower price.

But the good thing, these guys are developing and are delivering. The Private Beta is in June, a few weeks later they will launch their platform.

Take a loo at this video, which gives you an impression what Coinvest is all about:




They currently have a market cap of around 4 millions, but let's be honest here, this could be market cap of 1 billion in Q1 2019.

As always, make your own research and come to your own conclusion. But I certainly believe in this project.

 

[zoom]

Good video: Why Blockstream Destroyed Bitcoin

 

[Biz]

Which shitcoins do you think are worth the bet?

This is just a silly question.

It's a darts game with a blindfold on

Not really, ya there is definitely an element of speculation but there are coins that solve real world problems for the blockchain and have real world uses and partnerships with large corporations that if lived up to their potential can be worth exponentially more than they are worth now.

It's ALL speculation and it's a big IF

 

[Knysna Loerie]

Yup. Most EVERYTHING in crypto may be overvalued now. Uber's market cap is $70 billion, and that's a global company that's changed transportation in 50+ countries. Cryptos haven't done anything yet, utility-wise.

 

[Giacomo Casanova]

It is true that there are many shitcoins that will disappear...but I would only mention that you also have the market cap of facebook (a single company listed on US market) which is two times bigger than the whole crypto field (a global market), a technology and innovation which is likely to change the world. Also, be aware that the concept of market cap is a bit incorrect for crypto since we are talking often of a derivative market (which follows bitcoin movements) and of many lost forever coins that will never see the market, decreasing the real circulating.
As an addendum, actually there are already many uses cases "utility-wise" for the blockchain and crypto.

 

[bgbusiness]

More and more companies are accepting bitcoin and other cryptocurrencies as a payment.
I am seeing more and more Bitcoin ATM machines in both big cities and smaller cities.

 

[Kissinger2014]

I started buying crypto currency only a few months ago, but today for the first time I tried paying for something with Bitcoin.

It was such a negative experience. (I paid for an online subscription service).

First, it took almost an hour to complete from the wallet I am sending from. Second, the receiver says I still owe a super small fraction of BTC. I had to e-mail the company and show them a screen from my wallet saying I had paid the entire thing.

I am still a novice to the whole crypto world, but I cannot see this taking off if there are still all these technical issues.

 

[Dvorak]

I started buying crypto currency only a few months ago, but today for the first time I tried paying for something with Bitcoin.

It was such a negative experience. (I paid for an online subscription service).

First, it took almost an hour to complete from the wallet I am sending from. Second, the receiver says I still owe a super small fraction of BTC. I had to e-mail the company and show them a screen from my wallet saying I had paid the entire thing.

I am still a novice to the whole crypto world, but I cannot see this taking off if there are still all these technical issues.

Payments with Bitcoin will have to go through Layer-2 networks like the Lightning Network. Instant and zero-fees. The infrastructure (wallets, integrations...) is still being developed. Might take another year or so...

Doesn't matter so much for the price of crypto. We're still in speculation phase.

 

[superiorClimber]

I started buying crypto currency only a few months ago, but today for the first time I tried paying for something with Bitcoin.

It was such a negative experience. (I paid for an online subscription service).

First, it took almost an hour to complete from the wallet I am sending from. Second, the receiver says I still owe a super small fraction of BTC. I had to e-mail the company and show them a screen from my wallet saying I had paid the entire thing.

I am still a novice to the whole crypto world, but I cannot see this taking off if there are still all these technical issues.

Payments with Bitcoin will have to go through Layer-2 networks like the Lightning Network. Instant and zero-fees. The infrastructure (wallets, integrations...) is still being developed. Might take another year or so...

Doesn't matter so much for the price of crypto. We're still in speculation phase.

We're beyond speculation phase for crypto...that was like 4 or 5 years ago.
We've hit building and expansion phase now. There are new infrastructure improvement projects coming every week now, and the networks have already proven themselves to be robust and secure. Plus, institutional money has only started seriously entering the space in the last 9 months

The next 2-3 years is going to be a wild ride.

 

[zoom]

I started buying crypto currency only a few months ago, but today for the first time I tried paying for something with Bitcoin.

It was such a negative experience. (I paid for an online subscription service).

First, it took almost an hour to complete from the wallet I am sending from. Second, the receiver says I still owe a super small fraction of BTC. I had to e-mail the company and show them a screen from my wallet saying I had paid the entire thing.

I am still a novice to the whole crypto world, but I cannot see this taking off if there are still all these technical issues.

Your experience is not uncommon. Bitcoin is slow, expensive, and unreliable. There are better coins out there that are fast, cheap, and reliable such as Bitcoin Cash.

 

[Kid Twist]

Has anyone had problems with the ledger wallet? Specifically I can't load the new firmware due to there already being programs loaded on my (new) device. It makes no sense. If a wallet needs to be initialized, shouldn't it be a clean slate and when you begin THEN you start wherever the software upgrade is at the time? This seems so basic, it is idiotic. Right now, my initialiization seems over before it even started. LOL

 

[Steve McQueen]

Has anyone had problems with the ledger wallet? Specifically I can't load the new firmware due to there already being programs loaded on my (new) device. It makes no sense. If a wallet needs to be initialized, shouldn't it be a clean slate and when you begin THEN you start wherever the software upgrade is at the time? This seems so basic, it is idiotic. Right now, my initialiization seems over before it even started. LOL

I had issues with this, there is a fix out there if you google for it, I found and got sorted within a few mins of searching. Was a few weeks ago now, sorry I dont remember which specific one it was hence not posting a link. Google is your friend.

 

[Ray Carlton]

Coinvest will launch their private BETA next week.

You can register for it here: https://goo.gl/efdEe8

The market cap is around 2-3 mil now, so I guess this is a great opportunity to take a first look whether the guys actually can deliver or not.

If they can, this has great upward potential with even less risk then at the time of the pre-sale.

The price is currently 50% of the ICO price.

 

[Lampwick]

Coinvest will launch their private BETA next week.

You can register for it here: https://goo.gl/efdEe8

The market cap is around 2-3 mil now, so I guess this is a great opportunity to take a first look whether the guys actually can deliver or not.

If they can, this has great upward potential with even less risk then at the time of the pre-sale.

The price is currently 50% of the ICO price.

Hypothetically, if you wanted to cash out now, could you? Where would you do it?

 

[Ray Carlton]

Coinvest will launch their private BETA next week.

You can register for it here: https://goo.gl/efdEe8

The market cap is around 2-3 mil now, so I guess this is a great opportunity to take a first look whether the guys actually can deliver or not.

If they can, this has great upward potential with even less risk then at the time of the pre-sale.

The price is currently 50% of the ICO price.

Hypothetically, if you wanted to cash out now, could you? Where would you do it?

I would cash out here (https://idex.market/eth/coin) or here (https://hitbtc.com/COIN-to-eth)

But then I would probably kill myself in Q1 2019 when the team released their revolutionary hardware wallet, which will get them an additional boost and great exposure.