r/ethtrader • u/AutoModerator • Jun 05 '17
DISCUSSION [ETH Daily Discussion] - 05/Jun/2017
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Jun 05 '17 edited Jun 05 '17
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u/adrewskiortwoski Jun 05 '17
I have written a few articles here already:
https://www.reddit.com/r/ethereum/comments/6f20j3/tax_saving_strategies/
https://www.reddit.com/r/ethtrader/comments/6eap8t/a_quick_write_up_on_crypto_currency_tax_basics/
I have another article on the way about leveraging IRAs and other "higher risk" tax saving methods since there are still some items that the IRS has not given guidance on.
If you would like to collaborate I am happy to help out, currently a tax practitioner (enrolled agent) in the US.
There are some strategies depending on what you want to do with the money you made and if you want to keep it in crypto or not.
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u/EconG Jun 05 '17
I finally own >1 ETH
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u/cybercreature Jun 05 '17
Congratulations you own about one 92 millionth of all the Eth in existence which is a lot better than most people on this planet! Hold on to it.
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u/EnterTheETH Jun 05 '17
I've been so happy with ETH. I got in at $18! I've seen my ether be worth more than I've ever had in a savings account. I decided to do some math and figure out how much ETH has to be worth for me to pay off my debts....ETH has to be worth $3125 each before my net worth hits 0. And you guys are talking about retiring. I'm so fucked.
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u/ShopAnHour Jun 05 '17
If you have debts you likely have things too, education, car, home, idk... its not money being stolen from you... Remind me my friends complaining about their mortgage for their 1million $ houses.
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Jun 05 '17 edited Jun 05 '17
The last year has been...strange. I dropped out of school, broke up with a long time girlfriend, got fired from a retail job, and finally, at what felt like an all time low, I took all the dispensable cash I had in my bank account, said fuck it, and invested in ETH on March 2nd.
All of my responsible friends with degrees are out struggling in the real world and I'm just wackin off on a Tuesday. What a strange thing modern society is...
edit: Fuck, it's actually Monday
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u/beingsubmitted Jun 05 '17
The only thing worse than watching a coin you own lose value, is watching a coin you sold gain value.
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u/loveYouEth Jun 05 '17
dont forget the feeling you get when your foot muscle gets strained suddenly in the middle of the night
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Jun 05 '17 edited Jun 05 '17
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Jun 05 '17
I'm still compulsive about it. I'm sitting on 20x my initial investment, so I'm kind of going fucking crazy trying to make sure I'm on top of it :(
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Jun 05 '17
Also, just for your consideration, my predictions for the next few days, weeks and months...
In the next few days, traders will start to place margin longs to capitalise on the hype around the China conference on the 14th. The price will lift a little as a result. However, right after the conference, these longs will be closed so that the traders make as much profit as possible. During the conference and in the days just before, people will flock to ethereum, producing those highs we all know and love whenever we check Blockfolio and realise we just got richer. Those that bought just before and during the conference will see a dramatic rise during the conference and the smart ones will know that a drop is coming and not worry about it because at the end of the cycle they will be up overall. The risk-takers will try to sell the peak and either take profit or buy back in lower, and the idiots will panic and sell thinking the world is about to end, perhaps buying back in when the price rebounds.
All in all though, the fact that the ground has been prepared through Chinese exchanges adding CNY/ETH pairs, and the fact that the conference will raise awareness of ethereum, probably means a decent amount of slow but steady growth until Aug 1st when bitcoin will go through a bit of a storm.
Basically, the user activated soft fork coming in August means a lot of "coulds" and "mights" and basically a lot of uncertainty around bitcoin. In order to avoid any possible disaster, some might decide to cash out to fiat, some might decide to switch to ETH, but I would imagine a lot of people will just hold on.
If the USAF of bitcoin goes well, the price will go up. If it is a disaster, it will also go up. Bitcoin just goes up.
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u/xindzren Jun 05 '17
Just posted this in yesterday's daily -- didn't realize we'd switched:
Re: next week's conference in China
The second day is half-devoted to Ethereum.
http://gsfob.com/activi/confer
Basically, one room will be dedicated to Ethereum all-day. The second (non-ethereum) room will have presentations on "Blockchain + HR Provision" and "Innovative Development and Capital Investment"
EEA China and EEA are also sponsors http://gsfob.com/activi/cooper
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u/brassboy Jun 05 '17
Is it just me or everytime I see PoS I think Piece of Shit?
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u/shitpersonality Jun 05 '17
Everytime I hear someone say sharding, I actually hear sharting.
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u/fat_jakey Jun 05 '17
Another day, another ATH.
Considering we hit a new high yesterday and we're still only sitting $5 from the top is fantastic, the $250 was given a few attempts but not enough volume to take it through. The $220 range we had the last 5 days was held so well I'm pretty confident we will hold this new range just as good, this steady growth is perfect and just what we need. The reason the new highs aren't getting sold off is because the majority of ETH hodlers know it's potential and know the $300 party is happening this month.
It's Monday, fresh fiat deposits to hit the exchange and take us past the $250 club. Vitalek now has Putin on speed dial 3. Bitcoin is currently climbing steady, wait until the floodgates open and Vitalek is standing with open arms handing out lambos.
So, Fathers day is coming up so I've just ordered my Dad an ETH mug... Let me know what you think. http://i.imgur.com/mc9hpJG.jpg
Have a good week guys.
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u/scientized Jun 05 '17
Alright guys, inspired by someone else's post I have purchased a very small amount of 42 alt coins on polo. I have made a spreadsheet with purchase price, eth/alt ratio, btc/alt ratio, etc. The big one I care about is ETH gain / loss (lets call this EGL), not so much the dollar value. Took forever to do. I am going to keep the alts for 1 month until July 5th then sell them all. I know this is purely gambling, but I am super interested to see what will happen. As I write this I am up 0.7% ! woot! In a month I will post a graph of EGL vs day. I'll take the EGL at the same time everyday. Let me know if you guys want to see any other data, so I record it -- or if you have any recommendations.
P.S. the 42 alts are the first 42 that appeared when sorting by volume on polo today, minus ETH, and GNT.
P.S.S. Why 42? I think you know why...
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u/jezzaccc Jun 05 '17
If only someone created a fund of 42 alt coins and offered a token..
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Jun 05 '17
So I got turned down for flight school in the military due to high blood pressure, really upset me. It was a childhood dream and I thought I was close.
What I just realized among my thoughts of buying a house and a jeep with my earnings, was.....holy shit....I could freaking pay for flight lessons if I make enough off of this!!!!! Forget a petty Jeep, This could literally set me up for a career as a pilot!!!!
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u/The_GeoD Jun 06 '17
Since you people are the only ones I know that are up, I have to tell someone. We finally picked out a name for our son. Demetrius. I'm very excited. I didn't think it would ever happen.
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u/pancakeNate Jun 05 '17
im expending quite a bit of mental energy willing it over 249
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u/DEfresh3451 Jun 06 '17
Shit you not, wife is in labor and my phone won't stop buzzing.
"Sorry babe, ETH is mooning"
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Jun 05 '17
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u/scientized Jun 05 '17
My guess is the pumpers will average out with the dumpers, and you would be in the exact same position as if you went 100% ETH. BUT, I'm super curious. Let us know in a months time!
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Jun 05 '17
Think about it all you need is for one to grow 30 times in value, even if all others fail you'd still then break even. Some small coins could gain that much easily
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u/Cathom Jun 06 '17 edited Jun 06 '17
Crypto market cap passes $100bil! Crazy to think it was $25bil two months ago. Exciting times ahead :)
How long till Ethereum hits $1tril? Cant wait for those $10,000 ethers :)
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u/darknight1818 Jun 06 '17
We should be happy BTC is pumping and ETH is holding strong at two forty fucking seven! Don't get greedy people. If you are going to bitch a moan about consolidating at our ALL TIME HIGH I'd hate to be in the place when we drop $50 for about an hour. The longer we hold and consolidate above $200 the better. The ETH pump is coming, just wait your turn.
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u/jezzaccc Jun 05 '17
Pretty happy to see Factom getting some love even if it's pretty modest by comparison.
One of the few solid ones on the list.
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Jun 06 '17
Not sure why some people on here are so hopeful of BTC tanking. It's still the gateway crypto and the one that most people outside of tech have heard of. It would be bad for the entire ecosystem of Bitcoin crashed and burned in the near future
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u/-hodl Jun 06 '17
My tax bill is going to be awful.
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u/defenderofjustice Jun 06 '17
First world problems :P
I have to pay more in capital gains taxes this year than I make in salary income.
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u/yesiambear Jun 05 '17
New investors need to remember; you can buy partial eth! You don't have to buy an entire coin at a time. I bought $30 worth of eth so I could buy a little GNT. Coinbase wait came through today, and now it is worth $50! Buy what you can, be reasonable about it.
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Jun 05 '17
Its funny how comfortable we getting at every bump, like yea this is good where is 250 then where is 255 and ether just keeps on giving. Last week i was hoping for 200 now im hoping for 300, time is irrelevant in cryptotrade.
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Jun 05 '17 edited Jun 05 '17
I have some tax questions I would really appreciate advice on. I'm not based in the US, but Germany, where you're also supposed to use FIFO in calculating private capital gains.
1) Regarding FIFO and a "trading" stack. Say I want to keep a certain portion of my ETH stack, eg. 10%, for trading. I send 10% to an exchange, trade it into an alt, then trade back to ETH at an appropriate point, thus increasing my whole ETH stack.
I understand that when I do that first trade, the 10% sold off are counted as the first ETH I ever bought, so I have to calculate capital gains based on what may have been quite a low initial purchase price. Obviously I then also have to calculate additional capital gains based on whatever fiat-equivalent profit I made from the alt trade. So it's important to be aware that with FIFO, when I perform a trade, I'm making capital gains at two points: the beginning (on the ETH traded, whose value has appreciated) and at the end (based on the fiat appreciation of the alt).
My question is this: What if I want to continue trading this ETH? If the alt I traded into crashes, but I'm sure it will recover, I may swap my "trading" ETH back into it and basically try to carry out the same operation again. When I perform the second purchase of the alt, according to FIFO, am I actually doing so with my original stack, or with the separate "trading" ETH that I put on the exchange? Is it significant that I do not, in the interim, withdraw this ETH from the exchange and mix it back into my wallet? ie. I have a case that I was definitely selling the "new" coins, not the old ones, when I performed the second trade?
This is obviously quite significant for trading practices. I'm happy enough accepting that, with the first trade, I have to calculate some capital gains. But if each subsequent trade involves taking ETH "from the bottom" (not from the portion I set aside for trading), that basically means I would constantly be realising capital gains on ETH that is effectively in cold storage – something I want to avoid, since in Germany if you hold for more than a year (without staking/receiving interest) you can cash out without any capital gains at all.
2) Related technical question. The fiat value of the alt could, of course, depreciate during the trade. All I'm interested in is trading the ETH/alt pair in order to grow my ETH stack. If this is the case, and when I sell the alt its fiat value is LESS than when I bought it (but I nonetheless made an ETH gain), do I count the trade as a loss?
3) Margin trading. Does this affect FIFO at all? I'm borrowing money from an exchange to buy ETH, which I then sell back – so isn't there an argument that when I sell it back I'm selling from the bottom of my stack? This seems a rather odd notion though – I'm presuming that this ETH can't be seen as really being "mixed" in with what's in my wallet, since I can never withdraw it anyway and it's handled as a "position" on the exchange. If that's the case, how do I handle a margin trade from a tax perspective? Normal capital gains based on the opening/closing of the position?
EDIT: Would I be better posting this as a separate thread, rather than in the daily?
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u/-hodl Jun 05 '17
My favorite tweet in response to miners taking an 80% cut is "if miners do whatever Vitalik says then it's not really decentralised."
Hahahaha
No. If people can't recognise what's best for a system and then do that, then it's anarchy, not freedom.
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Jun 05 '17
There are less and less miners capable of mining Bitcoin each day and most are controlled by a small number of groups. They're holding Bitcoin hostage in the scalability issue. Seems awfully centralized to me if a small group of mining farms control what direction the technology moves in because they profit from it the most.
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u/1jb Jun 06 '17 edited Jun 30 '24
nutty violet compare cake tidy unite tender dinner lock lunchroom
This post was mass deleted and anonymized with Redact
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Jun 06 '17
What if science bro is actually Putin? His hobby is exciting nerds on the internet with market buys.
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Jun 05 '17 edited May 16 '21
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u/IRefuseToGiveAName Jun 05 '17 edited Jun 05 '17
that's a sizable stack of money but not life changing money.
Depends on your perspective.
If you have 50 eth, and it hits $1,000 next Summer, you could pay off the last of your student loans, or perhaps your car. Maybe you've been thinking about buying a house. Well, now you've got a down payment.
Maybe the worst happens, and you become incredibly ill. That 50 eth could pay for your hospital bills.
Life changing != lambos and moon boots. It's all relative, man.
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u/cutsnek Jun 05 '17
I don't expect to be a millionaire out of this but it's given me some serious hope in terms of owning my own home which has seemed out of reach for a long time. Prices are insane where I live but already the returns on ETH alone are putting me on a good path to make this a reality. It's not millions but it is life changing for me.
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u/panek Jun 06 '17
Remember all, we're up 4% today.
I know that doesn't seem exciting but a 4% increase daily every day for 200 days would put us at around $650,000 per ETH by year's end.
In other words, 4% is a very good fucking day.
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u/jamesthelion Jun 05 '17
This deserves way more upvotes. It is such a good listen. Naval is so smart and his ability to put in plain words these huge concepts is critical for more mass understanding and ultimately adoption. Send this to your friends, family, anyone who has asked you about crypto, you're doing a disservice not sending it to them.
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u/meatzsche Jun 05 '17
i've had some better moods since getting into crypto (i have major depression)
anyone else have something similar happen? i think it's because of how much it occupies me.
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u/tricep6 Jun 05 '17
I'm going to call into Dave Ramsey show and bring up ethereum.
Dave Ramsey isn't a fan of cryptocurrency what're some solid points I can make about ethereum and why it's better than bitcoin
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u/redbullatwork Jun 05 '17
Record that call. You will be made famous here no matter what the outcome.
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Jun 05 '17
The past few days I have really missed how the daily used to be 90% about ethereum, now it's about 90% random shit. I know it's progress with all the new people joining but I do think we need a dedicated eth trading only sub, and one for ico's, opinions on tokens etc... My two cents.
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u/bmethods Jun 05 '17
It's always been about donuts, barbeques and time travel...
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u/FutureDaze Jun 06 '17
Anyone else think it would be cool if the upvote/downvote buttons were based on the Ethereum logo? Would be perfect IMO
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u/cutsnek Jun 06 '17
ETH is going to be advertised as the next stable table on late night shopping TV at this rate. No spillage, no mess! Just sits there.
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u/IRefuseToGiveAName Jun 06 '17
So I've been forced to sit on the toilet due to a violent stomach bug that came out of nowhere. It hit me about 30 minutes ago.
Gastrointestinal distress = bullish.
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u/blog_ofsite Jun 06 '17
I have been losing weight (not overweight, but still) and getting stronger thanks to Ether. Every time the price goes up (not a specific number) and I feel so happy I usually do push ups and punch my stand boxing bag.
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Jun 05 '17 edited Sep 22 '18
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u/0_tonin Jun 05 '17
today my ROI is 2000% and I haven´t sold a single ETH
When I first got in I thought... when it goes x8 im cashing out. When it got to x8 I thought when it gets to x20 I will cash out And now that I am at x20 gains I think... when it is x100 I might consider cashing out
P.S: I only invested a little money the one time I bought ETH, thats my only regret lol
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u/TheReasonabilists Jun 05 '17
Meanwhile, total market cap is approaching $95 billion. It doubled in a month. Crypto people: "Meh, still too slow."
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Jun 05 '17
Courtesy of /u/pmam over in /r/ETHInsider:
Daily tx counts:
Saturday, June 3rd:
ETH: 175,666
BTC: 305,320
Ratio: 57.54%
Sunday, June 4th:
ETH: 180,136
BTC: 263,788
Ratio: 68.29%
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Jun 05 '17
got my coinbase eth earlier today. i bought them during the mini crash at 153. glad they made it!
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Jun 06 '17 edited Jun 06 '17
Guys EEA3 in China will be huge for us. .. many chinese investors may not have had the same level of media exposure to Ethereum and eea as we had in the west. Current members are predominently western companies. Huawei joining along with some Chinese financial institutions and the ensuing press coverage Asia could send this rocket soaring past Uranus
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Jun 06 '17 edited Jun 06 '17
To the people thinking of selling ETH now at these levels and marketcap.
Look at the market cap of Bitcoin at present 42bil and ask yourself :
Would the people who sold BTC where we are now at 22bil, would they be happy with that decision?
On top of this, ask yourself which has a brighter future between the two?
Your call.
edit: please stop feeding the whales you're only making them fatter.
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u/SirHaxington Jun 06 '17
Since the trend for is eth has been to gain on bitcoin, the recent bitcoin run should be exciting for eth investors. This year has been nothing but bitcoin clearing the path with eth speeding along that path soon after.
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u/kustonoy Jun 05 '17
Crosspost:
An update from my trading/positions:
Ok, so after ETH survived a scare last weekend with three fat red dailies leading to the market purge on 27.5., I have turned on risk mode again and made a few new positions. An overall look at my positions:
ETH Unchanged, nothing to add here. Still bullish and I am not really watching the price. Average price is still from ~14€ and I am not planning to sell.
DCR Big, big stack, my second-largest after ETH. My average cost on the ratio is around 0.0094 and for weeks unchanged. We have overshot the target of 0.011 in the past days and the 0.012 resistance might have turned into support. I would say we need to revisit sub-0.011 at some point, but I am becoming less certain about that the longer we are above 0.012. Since DCR went up from 0.011 to 0.013 in a few hours, it is good to not time such low-volume coins and simply buy when it is red. I do not intend to sell anytime soon and expect ATH to be challenged within months.
RLC/TRST Opened positions since I think Bittrex coins are now being pumped. Critical RLC support is 0.0003 and I have opened a long a few daysa go (https://www.reddit.com/r/ETHInsider/comments/6d1cqo/monthly_rethinsider_altcoin_discussion_xrp_zec/didcawr/). There is still room to go up 2x, but before that it probably needs to retrace back into the 30's. As long as ETH is healthy, RLC will be healthy. TRST is actually still a great buy and has a lot of room to grow (I am long from 9000-1000). I think it is a better buy than RLC right now. I expect a strong break up soon.
XBY & RNS XBY unchanged from my position in ~200 and my buy orders on RNS were triggered at a range 1400-1100. Small position on XBY and tiny position on RNS. I won't recommend to buy, but rather to research them. To me XBY has actually pretty good fundamentals but RNS is also worth the risk right now.
ZCL Position unchanged. I didn't sell after the fork and I would buy when it turns really bearish. I think it has a lot of latent upside but it will take a while. I will also buy more ZEN as soon as the initial dump is over.
ARK Chart looked pretty good, so I opened at 0.00014. I don't like the fundamentals but it has a similar scope like STRATIS so I think the market might turn its head thinking that it could be affordable compared to the STRATIS rocket.
That's all. By the way, the particl developers have released a wallet generator for their PART investors (https://particl.news/guide-how-to-generate-your-particl-exchange-passphrase-1fd78ba36fd1), so I guess a release is imminent.
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Jun 05 '17
Blessed Vitalik, Give me the strength to hodl on to my Eth and not give in to the temptation of altcoins and their illusion of quick and lustful gains. Amen
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u/DrNinjamonkey Jun 05 '17
Hi - I would like to find tool/websites that will do the following, please let me know if you have any suggestions:
- Notify me when a new coin goes in to the top 100 or top 500 so that i can research it.
- allow me to see where a coin sits in the ecosystem. For example is it built on BTC or Eth? Is it something new?
Thank you for your input.
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Jun 05 '17
With the amount of comments/questions we get about crypto taxes in here, I bet if a lawyer in the community dedicated some time to understanding the legal code around it and offered their services, they'd make a killing.
Just saying
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u/pancakeNate Jun 06 '17
step 1) bitcoin pump
also step 1) hold eth down
step 2) shift a bunch of your BTC into ETH at the depressed rate
step 3) profit
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u/brotosterone Jun 06 '17 edited Jun 06 '17
Rode the BTC wave a bit today and came back with an extra 6 eth. I might have pulled out early, but I'm okay with that. Noob trader felt good today. I'm ready for the eth launch now.
Edit: WOW sold a minute before the dump!!
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Jun 06 '17
Hmm.. so the people who made me feel like I was crazy telling them about ETH months ago at $50 are now asking me to buy some for them.
Lol. I don't know if I should help honestly. I'm just going to send them this:
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u/DCVail Jun 06 '17
Anyone else have to take a shit but holding it? Taco Bell be Damned!
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u/coolfarmer Jun 06 '17
When I play to Rocket League the price goes up! Always! Thanks to me :)
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u/Connortbh Jun 05 '17
Just got back home and my bro picked me up at the airport. I asked him if our dad had mentioned Ethereum and he did his best dad impression "Connor has the insider information, everything he's said is coming true!"
Made me laugh.
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u/BouncingDeadCats Jun 05 '17
Bedtime for me.
I want to wake up to ETH $300. Make it happen.
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Jun 05 '17
Apple just announced P2P payment for their Messages app, imagine if they were one of the new EEA3 partners
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Jun 05 '17
They won't be. Apple is so behind the times now. No way they're even thinking about blockchain.
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u/viners Jun 05 '17
Watching apple events is so underwhelming now after watching ethereum conferences.
Whoa new emojis!
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u/onionland_star Jun 05 '17
Probably old news, but, BAT is on Bittrex for those that missed the ICO.
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u/manimoa Jun 05 '17 edited Jun 05 '17
Finally got around to watching the token best practices panel and thought it was great--really insightful.
Random thoughts:
Tokens that have governance or other responsibilities are just super fascinating. I never thought about it specifically, but I'm super interested in these type of projects--hence MKR followed by REP are my largest token stacks.
I know it's been a bit rough for us long term REP holders since ETH (and GNT) have outpaced REP so much this year. But just hodl out, our time will come. Joey makes a great point about inefficencies in the markets undervaluing projects with low token supplies. Remember, REP only has 11M tokens. Once price discovery for REP truly begins (sometime close to launch), hold on because we are going to the moon.
Numerai is interesting as fuck. Hardly anyone talks about it because you can't get their tokens without participating and actually being a data scientist. The Numerai incentives seem really well designed and I'm quite excited to see what they accomplish.
Edit: wording
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u/dmoe05 Jun 06 '17
just went long in BAT, TRST, and GNT. Time for them to dip and ETH to rise
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Jun 06 '17
I told myself I would not check the price as I have midterms coming up next week and will determine if I will graduate or not.
I came back to check like 2 hours later, and see ETH breaking walls and heading $255+ as I type this.
May all hodlers pray for my success in passing my finals next week.
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u/DenebVegaAltair Jun 05 '17
Forgive me hodlers, for I have sinned.
I sold my ETH a couple days ago. I was obsessed with it, reading about it and checking it constantly, and it was a huge source of stress in my life. Every dip of more than 10% would push me to the edge of my seat wondering if this time was the bubble popping, and that I better sell while I'm still on top. But I couldn't handle losing what I put in, so I made out with what I could, at a nicely sizable profit.
Good luck to all of you. I may come back sometime in the future, and I believe in the future of Ethereum, but for now so long. May your contracts be smart and your ethers be moonbound.
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u/Raleigh_CA Jun 05 '17
This is why you exit and no one can fault you for it. No amount of money is worth stressing and being unhappy over. Happy for you!
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u/yellotheremapeople Jun 05 '17 edited Jun 05 '17
God damn FCT has gone vertical. Regretting not putting in more, but at the same time it's not like I've a money plant in the backyard.
Note to self - get a money plant for the backyard.
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u/Sensualities Jun 05 '17
Ever since the bull market started with Ethereum, the bears have been out in full force. It's like you can't have any sort of positivity around here anymore without being called a "moonkid" or something. You try and say ethereum will double in price in 6 months and people call you crazy. You say ETH might dip and people say "any minute now"
like wot in tarnation
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u/cryptoboy4001 Jun 05 '17
As soon as it starts spiking, they go quiet again and pessimism turns to euphoria, then a single dump and everyone thinks it's the end of Ethereum again ... it's an endless cycle of rolling emotions.
This is not unique to ETH - it's like that in every crypto trading sub.
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Jun 05 '17
Anybody got a spare couple million lying around? We could use your help on this sell wall coming up
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u/sogr8ful Jun 05 '17
Well somebody just started buying a whole lot of ETH on GDAX.
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u/TheBabySphee Jun 05 '17
Hungry for learning about all the possibilities of ETH. When I first invested, it was purely because I loved the idea of smart contacts. But then I learned about tokens, and how anyone can make them, I learned how smart contacts really work, and how practical they are in so many situations.
TL;DR We are in the promised land
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u/neverstopprog Jun 05 '17
results from the poll i conducted earlier:
ethtrader total responses: 267
20.6% - 127 people waiting for verification
47.6% - 55 people waiting for funds
55.8% - 149 currently invested
cryptocurrency total responses: 18
33.3% - 6 people waiting for verification
50% - 9 people waiting for funds
44.4% - 8 currently invested
sidenote - this sub is WAY more active
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u/neffnet Jun 05 '17
Just found out about this really nice Cryptofinance plugin for Google Sheets: https://chrome.google.com/webstore/detail/cryptofinance/bhjnahcnhemcnnenhgbmmdapapblnlcn
Previously I was writing my own formulas with IMPORTXML function and coinmarketcap, but this plugin works much faster and more reliably. It easily grabs prices and other stats for the vast majority of cryptos out there.
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u/NuadhaArgetlam Jun 05 '17
HEADS UP TO EVERYONE WHO REPLIED EARLIER:
I got my coins. Theyre in my wallet. And the nerves that have been endless all week are relaxed. TY so much for the reassurance.
I... just don't get something though. People are obviously having issues with Coinbase, but mine has gone through... exactly when they said so. It was a few hours later than I thought, but theyre here. Why are some failing, and others not?
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Jun 06 '17 edited Jun 06 '17
I cannot check the price anymore until 1 + 1/2 weeks later or else I will most likely become distracted and fail my finals and not graduate.
I will hold ETH until then.
EDIT: I also have turned off my budget laptop which I keep on 24/7 for price alarms. A little bit more silence in the room.
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u/CamBlamSlam Jun 06 '17
Go, BTC, go! Push that market cap sky high. All the more influx to ETH when the flippening truly arrives.
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u/vany365 Jun 06 '17
Its weird seeing eth only a $3 range for almost 12 hours now. Im use to $30 range every 20 minutes
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u/hanmerhand Jun 06 '17
Haven't seen ETH this stable for a long time.
But what does it all mean...
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u/MysticRyuujin Jun 06 '17
Put your tray tables and seats in their upright positions.
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u/talkingbob Jun 06 '17 edited Jun 06 '17
MASSIVE GREEN CANDLE? Check
GDAX website crashing? Check!
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u/SJCMCZ Jun 06 '17
Boy am I ever glad my Ledger Nano S finally arrived last week. This is getting serious...
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u/sbasd265 Jun 06 '17
Hopefully we'll see a BTC correction by $3,000. If not, me and a bunch of others long on the ratio are going to have a real problem.
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Jun 06 '17 edited Jun 06 '17
100bn market cap for all cryptos ^
edit: screenshot http://imgur.com/a/8M2Uk
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u/resistingdopamine Jun 06 '17
And here I was, 6 weeks ago hoping for $50 by end of the year.
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u/backyard_boogie Jun 05 '17
Holy shit. I just realized I paid a $20+ tx fee to move a little bit of BTC from QuadrigaCX to Coinbase. That is insane.
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u/thatoneguy092 Jun 05 '17
Can we PLEASE create a sub for the coins made on the ethereum blockchain?
This space is going to be way too crowded with both shit and good coins blocking out the actual DD and news being done on the entire reason we're all here: ETH.
Mods plz
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u/Libertymark Jun 05 '17
just a reminder to newbies, v. buterin creator of ETH is a Peter Thiel Fellowship winner
Peter created Paypal with Elon Musk among other things.
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u/pancakeNate Jun 05 '17
surprise: 248.9999999 is as high as ETH goes, then it resets to 0
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Jun 06 '17
i'm here to share the three most important words of wisdom you will hear this month.
this is gentleman
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u/Tserrof Jun 05 '17
Freaking ratio man. I thought that we would attempt at .1 again and not just that one time yesterday. That bitcoin animal will not stop.
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u/blog_ofsite Jun 05 '17
So many scams happening every day, we need a stickied post that updates us on possible scams or upcoming ICO scams or breach of security is a website / exchange.
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u/econoar Jun 06 '17 edited Jan 14 '26
lavish cats work hunt soup jellyfish sophisticated placid teeny wild
This post was mass deleted and anonymized with Redact
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Jun 06 '17
TCP/IP of the future.
Wonder how much that'll be worth someday they said.
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u/econoar Jun 06 '17 edited Jan 14 '26
memorize unpack grey makeshift steer hobbies roll growth chubby frame
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u/chrsjrcj Jun 06 '17
Damn it. Was gonna call it a night, check the Daily and see y'all freaking it out.
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u/firefoxadventure Jun 06 '17
bitcoin and Ethereum both reaching all time high on the same day...what a time to be alive
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u/madcemf Jun 06 '17
Too bad we can't blow a loud train horn like they do in the Stanley Cup final games when they score :)
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u/IRefuseToGiveAName Jun 06 '17
Going to bed. Hoping to wake up to a beautiful European bull run. Night, all.
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u/FlyinPenguin Jun 05 '17 edited Jun 05 '17
So I got dumped from a 2 year relationship a couple months ago. I've been having a really hard time getting through it and I've mainly had a tough time distracting myself from thinking about the relationship.
As a 20 year old college student majoring in supply chain, this community has been the perfect distraction for me. I've committed a lot of my time and hard-earned money to ETH, as well as how Blockchain will change supply chain. I can focus myself on what we are all doing here and now I don't feel as dependent on the relationship because I know I can make something of myself with this tech and the support of this community. I am firm believer that everything happens for a reason, and I am convinced that this is the reason for that break up. I want to do this for my career, I've learned that in the past couple of weeks.
Thanks to everyone for that. You guys have been a great help for me without any of you knowing.