Cryptocurrencies Part III - We ran as if to meet the Moon
- Thread starter TheDoldrums
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ScottishCanuck
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Some of them went up in dollar value. But if you look at the 7 day percentages on CMC you'll see a 10.5% gain for bitcoin and an awful lot of red for the alts.
The Crypto Guy
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- Jun 26, 2017
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Correct. But I think people here who are looking to invest, are asking about dollar value when it comes to investing their money, not sat value.
They should learn to look at sat value. You can't really cash out of most alt coins directly into cash so sat value is important.
Gardner McKay
RIP, Jimmy.
Gardner McKay
RIP, Jimmy.
I don't know. I mean, I get the importance of sat value but I don't think that is a reason why it is important. It is extremely easy to sell for BTC/ETH and to cash out. If your investment is worth $1,000 today and $1,000 tomorrow but its sat value is lower, you're still going to cash out $1,000. You will obtain less BTC or ETH, true but you will still come away with an amount proportional to what the cash value in the alt coin was.
I think sat value is important in terms of judging the quality of your investment as you are always judging it against bitcoin.
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ScottishCanuck
Registered User
The proposed Winklevoss ETF has been rejected. And the price is consequently dropping.
Winklevoss twins bitcoin ETF rejected by SEC
August CBOE one still coming but I'm not convinced that gets approved or even ruled on by then.
Winklevoss twins bitcoin ETF rejected by SEC
August CBOE one still coming but I'm not convinced that gets approved or even ruled on by then.
ScottishCanuck
Registered User
I think people hear the word ETF and automatically associate it with "the big one in August".
TheDoldrums
Registered User
There are like 5 ETF's that have been submitted. This wasn't the Van Eck ETF, which most people think has the best shot at being approved. But even if it's not approved, I think it's inevitable down the road. Just might take awhile with it being such a new asset class.
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The Crypto Guy
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Price rebounded nicely this morning, the FUD isn't working anymore
ScottishCanuck
Registered User
Price rebounded nicely this morning, the FUD isn't working anymore
It did seem like a strange trigger for a drop. Amazing what will cause panic. Glad to see that it's picked up.
What are some trusted news outlets out there for crypto that you guys would recommend? I really like what I am hearing about ETC, but all of them seem to be sycophant articles sharing nothing except rainbows, unicorns, and utopia about the project. Like I would love to know some unbiased insiders about the pros and cons when it comes to Ethereum Classic.
TheDoldrums
Registered User
Big happenings from a whale today. Okex's #1 holder of BTC long positions got liquidated. Margin call on a ~400M position. He closed half his long positions a few days ago for big profits, but he went for another round and got burned.
Socialized losses occur on Friday settlements. They'll have to attempt to fill an open loss of ~950 BTC. Everyone trading BTCUSD contracts on Okex will be hurt by this extreme example of rekt.
Socialized losses occur on Friday settlements. They'll have to attempt to fill an open loss of ~950 BTC. Everyone trading BTCUSD contracts on Okex will be hurt by this extreme example of rekt.
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TheDoldrums
Registered User
The NYSE's Owner Wants to Bring Bitcoin to Your 401(k). Are Crypto Credit Cards Next?
Seems like this could be big news
Seems like this could be big news
Gardner McKay
RIP, Jimmy.
The Crypto Guy
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I guess sell the news happens no matter what.
Time to start accumulating.
Time to start accumulating.
CokenoPepsi
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ScottishCanuck
Registered User
NVO exit scammed. I think a few of you here were big on NVO, right?
NVO EXIT SCAM CONFIRMED — Steemit
NVO EXIT SCAM CONFIRMED — Steemit
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ScottishCanuck
Registered User
I'm wary of sources like Steemit as anyone can write anything, but I imagine @Gardner McKay will know if it's nonsense or not.
Would be very unfortunate if true. It's one of the reasons why my lower cap investments are usually US based. At least I know that they can't run off with money without getting into major legal trouble. That's offset by the scrutiny the SEC places on their marketing efforts, but at least there's some security there.
Would be very unfortunate if true. It's one of the reasons why my lower cap investments are usually US based. At least I know that they can't run off with money without getting into major legal trouble. That's offset by the scrutiny the SEC places on their marketing efforts, but at least there's some security there.
The Crypto Guy
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Gardner McKay
RIP, Jimmy.
IT is 100% nonsense.
They are working on a refund/buyback. Escrows are involved.
Lauda has been active on bitcointalk (she is one of the escrows). There were three developers, one left and these two can't see eye to eye. The current course of action is a refund/buyback and then they would go their separate ways, both develop their own projects and potentially airdrop coins to NVST holders.
The author, Cool4y (Emanuil Pavlov), was kicked out of ever NVO community chat that existed. Ton banned him from slack, discord and telegram. He suffers from multiple personalities, is a pathological liar, a horrible racist, etc.
Right now, the rumored buy back price is going to be somewhere from 60c to $1.00. Depends on a few things though, including BTC price, how much of the milestone funds that were given to the team are still available, etc.
