Cryptocurrency

[VirtualMonkey]

Was part of the reason I emptied my XRP for Stellar... and also I prefer decentralised exchanges, XRP is really centralised when you think about it. Controlled by a single group.

ETC coinbase listing still doing the rumour mill... but when.

Bought a wod of bitshares around 8c some months ago, now almost $1 - insane. Rumour is this coin will continue mooning.

Is bitshares on bittrex? Can't see it

[Hobosapien]

Binance now not accepting new registrations. Apparently they had 250,000 applicants try to register yesterday alone.

So one by one the massive worldwide appetite for crypto is bringing the exchanges to their knees. Bad business turning away customers. I suppose it's highlighting the amateurs, possibly run by some kid on a laptop in his bedsit above the kebab shop in Birmingham or Swindon.

Now if only we had data on what crypto those trying to register were all going to pile into when the noddy exchanges get their act together and start accepting all that new business.

[VirtualMonkey]

Binance now not accepting new registrations. Apparently they had 250,000 applicants try to register yesterday alone.

So one by one the massive worldwide appetite for crypto is bringing the exchanges to their knees. Bad business turning away customers. I suppose it's highlighting the amateurs, possibly run by some kid on a laptop in his bedsit above the kebab shop in Birmingham or Swindon.

Now if only we had data on what crypto those trying to register were all going to pile into when the noddy exchanges get their act together and start accepting all that new business.

People who are new will be trying to get into it based on what they see on the news.
The only person I've spoken to recently who said they were considering crypto was looking at LTC.
If I was new to it all and starting out then what would I be looking at...probably Ripple. Massive increase in the last few weeks and now number 2 in terms of market cap. Rumours (even if they're false) of being listed on coinbase.
Makes a compelling argument for someone who wants to make a quick buck

[Murder1]

People who are new will be trying to get into it based on what they see on the news.
The only person I've spoken to recently who said they were considering crypto was looking at LTC.
If I was new to it all and starting out then what would I be looking at...probably Ripple. Massive increase in the last few weeks and now number 2 in terms of market cap. Rumours (even if they're false) of being listed on coinbase.
Makes a compelling argument for someone who wants to make a quick buck

Yeah depends on the subject expertise of the person, I'd guess Bitcoin and Ripple would be picked up just from market cap alone.

[FrontEnder]

Is bitshares on bittrex? Can't see it

It's on poloniex. Bitshares is probably the most technologically advanced blockchain that's in current use. The tx/s figures dwawf anything else.

I've been thinking of just using bitshares (or any other decentralised exchange). There's some evidence that the stated liquidity doesn't exist on at least some of them. Until they're properly regulated I'd much rather use a decentralised platform.

[scooterscot]

We need simpler access for Joe Public around the world, to keep the momentum going, or no new mad gains.

I've never had faith in the underlying tech of the current favourites, so holding any of them longer term (months rather than days) seems a bigger gamble when all the current profits have been through recent pumping of one form or another.

What's likely to change anytime soon unless simpler better ways of getting involved come online, to suck in all the money that is being frustrated by the current poor exchanges and over complex routes?

Seems a day trading approach is the only sensible one for now. Traditionally that's been the most risky.

I think this year will be the year of decentralised exchanges like Bitshares, which is rather easy to set up, no ID required to acquire (just like taking cash).

[scooterscot]

something I'm struggling to understand at the moment...
When BTC goes down it tends to take the other alts with it and they also dip.
When BTC goes up (as it is right now) all the alts take a dip. Am I reading this correctly?
What am I missing? is it the $ value of the alts is staying the same but the relative value to BTC is dropping?

Scooter...cup and handle. yes you're right. but there seem to be plenty of cases where the shapes can have the same effect when they are relative to the current trend line (i.e. tilt your screen to make the trend line horizontal)
Just me trying to make sense of the graphs

Don't worry about the dollar value of alts.. unless it is an alt paired with USD. People, like a heard seem to always take money out of alts when they think bitcoin is a better hold, usually day traders and the like. I don't bother myself. I'm only interested in accumulating coins. Tracking the dollar value via BTC is too complicated for me. Right now some alts are cheap to buy with dollars, if you have them.

Lovin altspocket - good recommendation! Just clicking that refresh button makes me squirm.

[scooterscot]

Is bitshares on bittrex? Can't see it

Bittrex removed Bitshares from the exchange a few months ago because it was a conflict of interest, i.e. an exchange on a exchange. Or rather Bittrex was threatened by them. Everyone thought the price would crash when in fact it has gone in the opposite direction.

Compared to Bittrex trading on the Bitshare platform is almost without fees.

[FrontEnder]

Lovin altspocket - good recommendation! Just clicking that refresh button makes me squirm.

I spend far too much time doing this.

[VirtualMonkey]

It's on poloniex. Bitshares is probably the most technologically advanced blockchain that's in current use. The tx/s figures dwawf anything else.

I've been thinking of just using bitshares (or any other decentralised exchange). There's some evidence that the stated liquidity doesn't exist on at least some of them. Until they're properly regulated I'd much rather use a decentralised platform.

trying to open on poloniex and bitshares...waiting for conf email on the former