Cryptocurrency

[Agent]

One word...Bitcoin

Generally a BTC dip is good for other alts tho?

[VirtualMonkey]

Generally a BTC dip is good for other alts tho?

not last night. the patterns are all pretty much matching at the moment.
I really need to get back into zen and xlm now. not worth it yet though.
trading on OMG-USD this morning

[scooterscot]

Really hope that happens, been holding zencash for a while now, got to 50% up then struggled. Was very tempted to take 30% and look at other options

Don't do it. A while is not 8 weeks

My regrets this year, and I have many, so learn from them!

Bought ARK at $0.16, held it for 3 months - (think $20k worth) - sod it, this is not performing I said (despite reading the paper and liking the team). Then it shot to $3.

Bought LSK at $0.25, 40,000 tokens. Sold it at $0.35. Berlin based outfit, very informed, very active community. Can you imagine my disbelief when it rallied to $9? $360k opportunity lost because of 45 days I think it was...

I cannot understate how important patience is.

[BrilloPad]

I cannot understate how important patience is.

We do. Reading your posts.....



Only joking! We love you really!

[FrontEnder]

Zen is a long term hold for me too. I know scoot often says to only look at the BTC price, and he has a point. However it's important to look at it vs FIAT for these long term holds.

Zen is down significantly against bitcoin, but the actual value of it vs FIAT is up about 15-20 %, and that's with dip in value of everything today.

Yeah, up to now Id have been better off just keeping it in BTC, but 20% in a few weeks is a ridiculous return. And there's every chance it will accelerate faster than BTC at some point.

The money to be made on Zen isn't in a quick increase due to good news. I've invested long term because I think it has much more to offer as a privacy currency than others. You'll make money on Zen when users of those start to switch to Zen.

[ChimpMaster]

Zen is a long term hold for me too. I know scoot often says to only look at the BTC price, and he has a point. However it's important to look at it vs FIAT for these long term holds.

Zen is down significantly against bitcoin, but the actual value of it vs FIAT is up about 15-20 %, and that's with dip in value of everything today.

Yeah, up to now Id have been better off just keeping it in BTC, but 20% in a few weeks is a ridiculous return. And there's every chance it will accelerate faster than BTC at some point.

The money to be made on Zen isn't in a quick increase due to good news. I've invested long term because I think it has much more to offer as a privacy currency than others. You'll make money on Zen when users of those start to switch to Zen.

But isn't this the important point. Admittedly I don't understand this yet but to get back out to FIAT $ you have to trade Zen into BTC and then into $. So if Zen weakens against BTC then it means you ultimately get less $?

[FrontEnder]

But isn't this the important point. Admittedly I don't understand this yet but to get back out to FIAT $ you have to trade Zen into BTC and then into $. So if Zen weakens against BTC then it means you ultimately get less $?

Not if the value of BTC has also gone up. Because it's one up so Having to buy BTC to buy other coins is inconvenient.

Try using https://altpocket.io/ to track them. It can show you the BTC price and FIAT price. So I'm down 35.43% against bitcoin, but bitcoin has like more than doubled n value since then, so I'm up 27.59% against GBP. If I cash out now, it wouldn't be a "bad" investment, just not as good as if 'd kept it in BTC.

[scooterscot]

But isn't this the important point. Admittedly I don't understand this yet but to get back out to FIAT $ you have to trade Zen into BTC and then into $. So if Zen weakens against BTC then it means you ultimately get less $?

It is.

And the plan, in my case, is to sell at some future bitcoin value. I know 2018 will be an amazing bull run. I know December next year bitcoin will be worth multiples of what it is now.

So ignore the dollar value. And if you can, short the BTC differences against ZEN and other and increase you coin numbers.

[FrontEnder]

It is.

And the plan, in my case, is to sell at some future bitcoin value. I know 2018 will be an amazing bull run. I know December next year bitcoin will be worth multiples of what it is now.

So ignore the dollar value. And if you can, short the BTC differences against ZEN and other and increase you coin numbers.

That's the goal - my point is not to be too disappointed to see it down agains BTC. Have a look at the dollar value when you bought it and you'll probably find you're still up a decent amount.

[scooterscot]

Absolutely. Seen the portfolio rise and fall tens of thousands in a day. It takes some self control not to react and make poor emotional decisions.