Post: #26

(03-28-2019 11:33 PM)SamuelBRoberts Wrote:  I'm so out of the market now that I have no idea whether it'd be a good idea to buy it or not, but it's the kind of thing I'd be giving a serious look if I was.

Even if you wanted to buy it, it would be difficult to build a decent position. MSR has around $5k daily volume on a no-name exchange. I would ballpark that you need at least $200k daily volume, depending on position size. Otherwise, the price you get will be terrible, and even worse you risk the volume just evaporating and trapping your money.

There have been a number of coins that people have been plugging semi-recently on the forum (mainly ones they held through the bubble popping), and then when I check how much they're trading, the daily volume is basically equivalent to a Toyota Tercel.

During the bull run, you could trade low volume coins on Etherdelta, and then the volume would show up eventually elsewhere. Now, coins can just flatline and you're out your money.

There are certain coins that have done well recently such as Ravencoin, which did 6x in USD over the past couple months. Right now it has $60m volume, which is about 25% of its market cap. It got massive volume out of nowhere, which is highly suspicious. But, it's got a few things going for it:

1) Even before the latest pump, it has maintained greater than $1 million daily volume.
2) Its primary market is on Binance. They have increasingly become the only game in town. They are scumbags, but wash trading on their platform isn't nearly as extreme as on other exchanges, at least when I was using it. In other words, slippage wasn't as bad, since you weren't trading against 95% ghost volume.
3) RVN is associated with OSTK, so there may be some deep pocketed vested interests in the coin. Apparently that's the case, since someone is generating a lot of volume to pump it.

I don't own any RVN, it's just something I've been watching. I'm not expressing any opinion on it either, per se. I'm only using it as an example of something that actually has volume that you could conceivably get your money in and out of.

Also, to decrease slippage, there may be some utility in using a service such as Shrimpy. This is a free rebalancing tool, and you only need to give it limited trade-only API access to your crypto account (no withdrawal privileges). Not entirely risk-free, but not a huge concern if you use it quickly and then kill the API key.

It's a rebalancing tool, but you could possibly use it to move in and out of positions in an automated way, but more slowly to decrease slippage. It only uses limit trades, not market trades, and it could probably place them more efficiently than doing things manually. Another alternative is to just write a slippage bot that does this properly, which isn't that hard, but I'm not sure if there's enough interest/opportunity to pursue it at this point.

Post: #27

I think between PIVX, MSR, RYO and the current king... Monero a competition is brewing.

I see Monero proving to be better store of usefull anonymous value. Perhaps monero will be considered digital gold and store of value and one of the above more transactional, scalable etc.

I want the same power I have with a gold coin stored in a Cryptocurrency. It must be anonymous 100% . Because fuck the government and the banks.

Post: #28

(03-29-2019 12:58 AM)Lampwick Wrote:  Even if you wanted to buy it, it would be difficult to build a decent position. MSR has around $5k daily volume on a no-name exchange. I would ballpark that you need at least $200k daily volume, depending on position size. Otherwise, the price you get will be terrible, and even worse you risk the volume just evaporating and trapping your money.

Christ, that's low. (My stuff displays in yen so I didn't notice that.)
5k is rough, and also indicates that there's less interest in the coin than I thought there was.

Quote:There have been a number of coins that people have been plugging semi-recently on the forum (mainly ones they held through the bubble popping), and then when I check how much they're trading, the daily volume is basically equivalent to a Toyota Tercel.
During the bull run, you could trade low volume coins on Etherdelta, and then the volume would show up eventually elsewhere. Now, coins can just flatline and you're out your money.

Yeah, I'm so out of it I don't know how the game is played anymore. Used to be the way to make money was to track coins like this from the shit exchanges to the big ones. Now... I don't know.
It's hard to say if there IS a way to make money. I wouldn't touch it right now because at any point in time you risk the rug being pulled out from under you with a massive bitcoin drop like the one we saw late last year. I'd wait for social indicators to turn up before I started throwing cash at things again.

Post: #29

(03-28-2019 11:33 PM)SamuelBRoberts Wrote:  Every time I've talked strict numbers and position sizing with somebody I've come to regret it.

How? Why? Genuinely curious.

(03-28-2019 11:33 PM)SamuelBRoberts Wrote:  I don't even like talking percentage returns anymore to most people.

How? Why?

(03-28-2019 11:33 PM)SamuelBRoberts Wrote:  I highly recommend that nobody here post their exact position sizes, how much they've invested in crypto, etc. No good can come of it.

Why? Genuinely curious.
I am not saying that we should always talk about how much investment we each have in each crypto, etc, but to just brainstorm and simply compare each other's portfolio to get ideas with each other.

That's what stock day traders, long-term investors, real estate investors do.
Actions speak louder than words and if someone tells me something that I don't know, but their action speaks the opposite, I am calling BS on them.

Post: #30

(03-27-2019 05:08 PM)bgbusiness Wrote:  7k invested in so far and will be investing in more this year.

Thinking about investing into EOS & Stellar as I am going to read more about it.

Let's talk about how much you have put money DOWN and BACK IT UP instead of just telling each other what will go up or down.

The guy with only a 7k investment is telling people to share their exact numbers. That's pretty rich.

Listen, nobody here is obligated to share how much money they invested.

Post: #31

Yeah talk about your position sizes and then meet new forum members in Colombia or Thailand. What could possibly go wrong

Post: #32

^ I've always thought about the supercar guys with crypto related license plates being targets for kidnappings. A group of guys could kidnap them or hold them at gun point and steal their crypto. Or even a rich crypto YouTube guy, it's not hard to find peoples locations anymore, especially the guys putting themselves out there in public, I'd feel awful if someone stole my 1000 BTC.

Post: #33

(03-29-2019 01:30 PM)bgbusiness Wrote:  Why? Genuinely curious.
I am not saying that we should always talk about how much investment we each have in each crypto, etc, but to just brainstorm and simply compare each other's portfolio to get ideas with each other.

That's what stock day traders, long-term investors, real estate investors do.
Actions speak louder than words and if someone tells me something that I don't know, but their action speaks the opposite, I am calling BS on them.

Well, let me turn around and ask you a question.
If you "call BS" on me, does it affect my life in any way?

Post: #34

(03-29-2019 10:41 PM)SamuelBRoberts Wrote:  Well, let me turn around and ask you a question.
If you "call BS" on me, does it affect my life in any way?

LMFAO, avoidance.

Post: #35

What am I avoiding?

Post: #36

The 80/20 is to buy Bitcoin

Btw I think crypto news is a complete waste of time unless you want to gamble on events/rumors e.g. what happened with Enjin Coin/Samsung recently

But if you need to for your job or something:

Brave New Coin (big crypto site, millions of views) started a free email newsletter that sums up daily crypto news in a few bullet points:

https://bncdaily.com/?utm_source=18723

So you can read crypto news in 30 seconds a day instead of an hour

Post: #37

(03-29-2019 01:30 PM)bgbusiness Wrote:  

(03-28-2019 11:33 PM)SamuelBRoberts Wrote:  Every time I've talked strict numbers and position sizing with somebody I've come to regret it.

How? Why? Genuinely curious.

(03-28-2019 11:33 PM)SamuelBRoberts Wrote:  I don't even like talking percentage returns anymore to most people.

How? Why?

(03-28-2019 11:33 PM)SamuelBRoberts Wrote:  I highly recommend that nobody here post their exact position sizes, how much they've invested in crypto, etc. No good can come of it.

Why? Genuinely curious.
I am not saying that we should always talk about how much investment we each have in each crypto, etc, but to just brainstorm and simply compare each other's portfolio to get ideas with each other.

That's what stock day traders, long-term investors, real estate investors do.
Actions speak louder than words and if someone tells me something that I don't know, but their action speaks the opposite, I am calling BS on them.

It's low class. Also none of those other investments have the potential upside as bitcoin.

Post: #38

I think the big question with crypto is:

Will the next bull run happen before the recession?

We are overdue for a recession and crypto will certainly tank if there is one.

Post: #39

(03-31-2019 06:48 PM)Graft Wrote:  I think the big question with crypto is:

Will the next bull run happen before the recession?

We are overdue for a recession and crypto will certainly tank if there is one.

I think the recession will be good for bitcoin. It will force people to move investments into bitcoin to hedge against fiat related risks.

Post: #40

The yield curve hit negative recently. It's been said the next global financial crisis will happen within 12-18 months. I imagine bitcoin/alt will take a hit initially then spike up similar to how gold behaved in the last crisis.

Post: #41

(03-31-2019 07:34 PM)Swordfish1010 Wrote:  

(03-31-2019 06:48 PM)Graft Wrote:  I think the big question with crypto is:

Will the next bull run happen before the recession?

We are overdue for a recession and crypto will certainly tank if there is one.

I think the recession will be good for bitcoin. It will force people to move investments into bitcoin to hedge against fiat related risks.

I don't know about that man.

It sounds good in theory but if things go belly up, people are going to need the cash and probably wont be speculating on cryptocurrency.

Bitcoin is not nearly established or stable enough to be a "safe haven."

Post: #42

(03-31-2019 07:34 PM)Swordfish1010 Wrote:  

(03-31-2019 06:48 PM)Graft Wrote:  I think the big question with crypto is:

Will the next bull run happen before the recession?

We are overdue for a recession and crypto will certainly tank if there is one.

I think the recession will be good for bitcoin. It will force people to move investments into bitcoin to hedge against fiat related risks.

Is this really the correct analysis?

Equally valid would be "People sell their bitcoin to pay for losses elsewhere" which would crash the price.

Post: #43

Post: #44

I think when the next recession hits it will be generally bad for crypto as there are alot of folks with "play money" that will liquidate their bitcoin to buy groceries or fuel.

That said. When the next crisis hits, it is likely to effect emerging markets the hardest. Smaller countries can expect currency devaluation and pktentially sovwriegn debt collapse. Think venezuela, turkey, argentina etc.. Mexico, India, Pakistan, EU, china could all be on the chopping block. Capital could in theory be chasing USD, Gold, And I think that the big fish looking for a covert way to extract their ill gotten gains or just that dont want to pay tax to a desperate regime will use privacy oriented crypto currency like Monero.

I think the USD will fair well in the recession with support from foreign buyers. I think us residents will be net sellers of crypto. Net buyers will be international in smaller countries and China or EU.

Ultimately i beleive that pysical silver and gold are the best investments goint right now. The problem is that there is not nearly as much physical as the paper markets support. When folks realize this gold and silver will moon. If folks cant find gold they will turn to cryptocurrency as an option of last resort. Privacy will be a critical aspect for the same reasons as gold.

Perhaps, in theory one would...

1. Buy gold and silver now.
2.when prices moon in metals sell some gains to buy privacy crypto.
3.when crypto privacy moons, liquidate amd buy weapons and drive a lambo and become a warlord with a harem.

Privacy coins are anti government, anti bank, they are the ultimate crypto currency. True financial freedom in a digital store of wealth.

Im watching monero but also see some up and comers that could compete.

DASH seems to be doing well but i dont like their privacy as an option protocol.

PIVX- privacy centric coin
RYO-may have market in Asia
MSR-branding similar to monero

Any other privacy coins you guys are watching?

Curious what others think about this?

Post: #45

I think it's wishful thinking amd you're likely to see poor returns.

Post: #46

Ok SamuelBRoberts.

Perhaps you can elaborate. Whats your opinion of the Privacy features space for crypto?

Post: #47

I think that holding them as an investment on the theory that someday everybody will want untraceable money is dumb.

If it ever became a real threat then governments could easily shut down the centers of liquidity (IE the exchanges). Good luck buying/selling large quantities of XMR then.

Post: #48

Ok. Thats a good point. Do decentralized exchanges in jurisdictions friendly to crypto make that impossible?

Post: #49

No. Remember all the coins you'd use as an intermediary step to get to a DEX (IE you'd buy BTC with your cash, send the BTC to the DEX, sell the BTC for XMR) are on public ledgers, and thus every move you make on them can be easily tracked.

The exchanges can/will just ban your account if they catch you using them. Coinbase already bans your account if it catches money coming from certain places like online gambling sites.

Post: #50

Yes gov could legislate and kill privacy at the centralized exchanges. This is true.

If you allready own crypto, then DEX is a solution to above. Transacting from non private like bitcoin to private crypto like monero. Or just monero to monero

What about localmonero.co this allows p2p of fiat /monero transactions??

Also, in the same breath of brainstorming this privacy coin being outlawed and internet being restricted. Folks in Finland have figured out how to transmit bitcoin via HAM amateur radio. This bypasses the internet entirely and could mesh well with local peer to peer market environments.

https://news.bitcoin.com/no-internet-no-...eur-radio/