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Crypto Thread-Bitcoin/ethereum/litecoin

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comment by Busby (U19985)

posted on 5/1/18

Binance, dropped a little now so a decent time to buy. Still at $0.19 but I managed to buy in a dip last night at $0.14.

Brought my initial coin at $0.03 before Christmas. They have a partner announcement tomorrow and a coin burn planned this month.

posted on 5/1/18

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comment by Busby (U19985)

posted on 5/1/18

As with a lot of alt coins, yes. It's not hard.

Buy BTC on coinbase, transfer to Binance. There's a fee though, you can go Coinbase > Gdax > Binance for almost no fees.

posted on 5/1/18

and a coin burn planned this month
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ohh that'll bring the supply down to, what, 65.6bn? ... and make the owner's total share rise

Look, i'm glad you've made cash off it, but damn, that thing is the definition of a shhittcoin

posted on 5/1/18

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comment by Busby (U19985)

posted on 5/1/18

comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 5 minutes ago
and a coin burn planned this month
------------------------------
ohh that'll bring the supply down to, what, 65.6bn?... and make the owner's total share rise

Look, i'm glad you've made cash off it, but damn, that thing is the definition of a shhittcoin
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Fair enough. Sun has a lot of followers in Asia though and they are marketing it pretty well, so as an investment for the medium term it is likely to do well.

I don't believe many, if any of these crypto will hold value once the banks have their own blockchain tech. So I'm in it purely for a quick (ish) buck.

posted on 5/1/18

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posted on 5/1/18

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posted on 5/1/18

I don't believe many, if any of these crypto will hold value once the banks have their own blockchain tech
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You think the banks will just give up the 5-7% fees they charge for international transfers? Or will waive the right to freeze assets? Or will allow for more privacy?

Just because a bank has a blockchain does not mean they will have any of the benefits of a crypto currency.

comment by Busby (U19985)

posted on 5/1/18

comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 1 minute ago
I don't believe many, if any of these crypto will hold value once the banks have their own blockchain tech
--------------------
You think the banks will just give up the 5-7% fees they charge for international transfers? Or will waive the right to freeze assets? Or will allow for more privacy?

Just because a bank has a blockchain does not mean they will have any of the benefits of a crypto currency.
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True, but if they can give up a small share of that then B2B (the majority of big transactions) owners will be happy. Not to mention swift being replaced.

It will have legs, there is too much money in it now not to, but how many of these coins will be round in a decade, I'd guess at less than a handful.

posted on 5/1/18

It will have legs, there is too much money in it now not to, but how many of these coins will be round in a decade, I'd guess at less than a handful.
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I think so, which is why I think Tron is a dreadful coin, even for mid term.

What exactly does it offer that another 10 better managed teams don't already do? Being big in China, where crypto is banned, is hardly the big feature that some would think (and it is very dubious that he is even that influential there, judging by reddit posts).

Get in, make your cash and get out.

posted on 5/1/18

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posted on 5/1/18

comment by Winter WOB'er Land (U3245)
posted 34 minutes ago
right lads. I have £400 on etoro....
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Do I get a commission for recommending it!

posted on 5/1/18

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posted on 5/1/18

How'd you do it winter? Go from coinbase to binance?

comment by Busby (U19985)

posted on 5/1/18

I'd like to understand your reasoning for downing on Tron too.

I've read a lot into it, the positives so far;
-The investors include Jack Ma (Alibaba owner)
-The CEO, Justin Sun was a big part of the Ripple foundations, was in Forbes 30 under 30 twice (now 26), and has a huge following in Asia. He is the founder of Peiwo (China’s Snapchat)
- The entertainment industry in Asia is very different to the UK. People are already buying Tron to invest in the biggest trending game in China, Cryptodoggies is due before China's year of the dog begins.
- They're likely to test Ripples new server
- A burn is due
- They are about to partner with
- It's marketed very well. (bitcoin is a sh!tcoin too remember)
- Tecchies say the code is decent, although not groundbreaking
- If it can decentralise online entertainment, offering free, uncontrolled data, it would be absolutely massive. Yes it's a little pie in the sky, but line creatives would immediately become
hundreds of times more profitable.

comment by Busby (U19985)

posted on 5/1/18

I started with etoro, it's to invest and get your money out, but you own nothing can't go on alt coins.

posted on 5/1/18

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posted on 5/1/18

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posted on 5/1/18

comment by Winter WOB'er Land (U3245)
posted 34 seconds ago
so ripple aye...?
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I can;t see it having any major gains now... maybe 100% here and there, nothing close to the 1000%s of the last few weeks.

We're all guessing though.

I back the tech and team I like... iota, sub, icx, neo, powr and stay with mainstream coins like btc, ltc, xmr

If you just want fast gains, literally pick any old coin and hope for the best... It's a bubble for alts

comment by Busby (U19985)

posted on 5/1/18

I not have 30k shares of Tron. But don't forget I brought in at £0.02, brought another 7k last night selling some stellar.

My original investment was about £500, made some off etoro then put into binance. Anything in there for me is now profit.

posted on 5/1/18

I'd like to understand your reasoning for downing on Tron too.
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It offers nothing new, they "created" 65bn coins and issues themselves with 35% and a further 15% to a startup they created... Their big selling point is they are popular in China, where crypto is banned.

It's just hype, which is fine for a quick $... but no point getting attached to it as some groundbreaking tech projects that will change the world.

posted on 5/1/18

(bitcoin is a sh!tcoin too remember)
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hmm, why is that?

comment by Busby (U19985)

posted on 5/1/18

"where crypto is banned."

Which many say is likely to be lifted.

"they "created" 65bn coins and issues themselves with 35%"

Nothing like Ripple then?

Agree the tech isn't groundbreaking, but crypto right now is all about marketing and growing the coin for further investment.

Forgot to mention they've employed some of alibaba's top developers last week too. So improvements in the tech aren't unlikely.

posted on 5/1/18

Nothing like Ripple then?
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I've made my feelings well known about that crap too!

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