Is anyone else starting to become a bit worried? mod note in first post

Bob24

Don’t know how significant it is, but tether just dropped a bit below one dollar: https://www.coingecko.com/en/coins/tether

Probably following this: https://www.coindesk.com/bitfinex-ny-prosecutors-tether-850-million-allege

q85dw7osi4lebg

Scam since the start

Pintman Paddy Losty

Have been calling out tether since the start. Myself and Johnny had it all sussed.

SteelyDanJalapeno

Pintman Paddy Losty wrote: »

Have been calling out tether since the start. Myself and Johnny had it all sussed.

Your medal is in the post

q85dw7osi4lebg

:pac:

Dohnjoe

SteelyDanJalapeno wrote: »

Your medal is in the post

A virtual gold medal representing the value of gold

The gold is in a vault, one to one ratio, we promise

grindle

There's a long list of people who had it sussed & should be getting their virtual medals first, so let's do this fairly.

makeorbrake

For the BAT/Brave enthusiasts amongst you, this may be of interest.

JJJJNR

There's a good few similar projects like BAT/brave. One particular one which I've mentioned is bittube. It pays in tube, uses the ipfs network.

Excellent project and good value at the moment although 2c is a very sweet spot.

Grumpypants

Pintman Paddy Losty wrote: »

Have been calling out tether since the start. Myself and Johnny had it all sussed.

Wait a minute didn't ye say that the tether money never existed? But this shows that they sold #850m worth, and then had $850m in cash that was moved and used to cover losses in another section if the company.

In other words the tether money was there, it's the legit part of that business!

Kickstart1.3

I'm completely out now again. Got stopped out last night @ below €4700. Just have a few quid left in Stellar lumens but not any amount worth loosing sleep over.

stockshares

Iota partners with Jaguar. Price jumps 20%
https://www.newsbtc.com/2019/04/29/iota-pumped-20-on-big-automobile-partnership/

grindle

stockshares wrote: »

Iota partners with Jaguar. Price jumps 20%
https://www.newsbtc.com/2019/04/29/iota-pumped-20-on-big-automobile-partnership/

Why do they bother quoting BTC maximalists for this kind of stuff?
It can't be built on Bitcoin, the users couldn't be paid with it, the network would jolt to a dead stop on day 1 of a pilot of this kind of scheme if they tried it.
"Ooh, just you wait 30-50 years though!" - some BTC maximalist, somewhere.

stockshares

grindle wrote: »

Why do they bother quoting BTC maximalists for this kind of stuff?
It can't be built on Bitcoin, the users couldn't be paid with it, the network would jolt to a dead stop on day 1 of a pilot of this kind of scheme if they tried it.
"Ooh, just you wait 30-50 years though!" - some BTC maximalist, somewhere.

I dont get your point but Im re reading the article.

I just seen this
"According to the report the new technology is being tested at the new Jaguar Land Rover software engineering base in Shannon, Ireland. The Jaguar F-PACE and Range Rover Velar models have already been fitted with the ‘smart wallet’ and engineers will be testing with the IOTA blockchain.

The smart wallet technology can be easily adapted into all new vehicles. IOTA wants to enable interoperability with all these different players. So there is no Jaguar coin, no BMW coin, but one universal token for this machine economy,
"
and then Josh Rager chimed in about Bitcoin being the better optiion.

Edit:I get your point now. The Lightning twitter post confused me.

grindle

stockshares wrote: »

I dont get your point but Im re reading the article.

They have some maximalist dolt in the article quoted saying "Pay users in Bitcoin", he's essentially saying IOTA's pointless because BTC can do it. He's a disingenuous mong.
The tweet I posted is from another BTC maximalist, a lightning dev laying out the truth of BTC's future: in 30-50 years (his figures, not mine) Bitcoin will be able to do what other blockchains are currently trying to do.

stockshares

grindle wrote: »

They have some maximalist dolt in the article quoted saying "Pay users in Bitcoin", he's essentially saying IOTA's pointless because BTC can do it. He's a disingenuous mong.
The tweet I posted is from another BTC maximalist, a lightning dev laying out the truth of BTC's future: in 30-50 years (his figures, not mine) Bitcoin will be able to do what other blockchains are currently trying to do.

Ive since edited that post. Understand now, the Lighning post confused me. Good to see Shannon getting business. It would be something else if Iota became the standard for Machine to machine communication/transactions.

Btw I sold Iota last week and am waiting to buy back in. Ive been using the Fibonacci Tool on Cryptowatch to try and predict an entry point.

Whats the best time frame to use?
Should the results of different time frames match up?

makeorbrake

grindle wrote: »

They have some maximalist dolt in the article quoted saying "Pay users in Bitcoin", he's essentially saying IOTA's pointless because BTC can do it. He's a disingenuous mong.
The tweet I posted is from another BTC maximalist, a lightning dev laying out the truth of BTC's future: in 30-50 years (his figures, not mine) Bitcoin will be able to do what other blockchains are currently trying to do.

Agreed. IOTA is best placed for the IoT ecosystem - where there will be billions of sensors - and the data that gets traded between them. Whilst I still think that BTC has a role to play, this particular arena is certainly not one for it.

grindle

stockshares wrote: »

Whats the best time frame to use?
Should the results of different time frames match up?

I don't use TA. it makes more sense for people who're trying to grab small upswings and consolidating into fiat regularly, but if you follow it religiously you're much more likely to miss out on the larger upwards movements (and it's crypto so you're as likely to get mauled as you are to get a solid return if based on TA). You could be delighted with yourself that you've made a 5% profit and then it goes up 300% in a week.
Even without TA I get shafted that way. BAT gave me a 400% ETH profit recently, then the next month it had doubled. Sweet mother of Christ I wanted to burn my eyes out. But best to be happy with the profit I made. :'-)
I try to buy when good projects are getting massacred for little to no reason and their ratio is what I'd perceive to be low against ETH's value, or if there's a promising project that hasn't been hyped yet (like RVN when it was initially announced), then I place my bet.

stockshares

grindle wrote: »

I don't use TA. it makes more sense for people who're trying to grab small upswings and consolidating into fiat regularly, but if you follow it religiously you're much more likely to miss out on the larger upwards movements (and it's crypto so you're as likely to get mauled as you are to get a solid return if based on TA). You could be delighted with yourself that you've made a 5% profit and then it goes up 300% in a week.
Even without TA I get shafted that way. BAT gave me a 400% ETH profit recently, then the next month it had doubled. Sweet mother of Christ I wanted to burn my eyes out. But best to be happy with the profit I made. :'-)
I try to buy when good projects are getting massacred for little to no reason and their ratio is what I'd perceive to be low against ETH's value, or if there's a promising project that hasn't been hyped yet (like RVN when it was initially announced), then I place my bet.

I thought that when I bought Iota first but its price just kept falling and I thought it could go to nothing so I sold.
I notice that a lot of the Platform coins Iota,Ada,Neo were priced low compared to their value so I bought but prices dropped further.
Its hard to know if buying these atm is a good idea.

Strange that no mention was made of Iota/jaguar parthership up to now. I heard nothing until this morning.
Whats the best source for news on future Coin/Comany partnerships or Project Timelines/Roadmaps. Some of the whitepapers dont include much in their Timelines/Roadmaps

Do you not consider holding BAT. Is it best to take profits on the Alts and put the profit into Eth or BTC

Dohnjoe

stockshares wrote: »

I thought that when I bought Iota first but its price just kept falling and I thought it could go to nothing so I sold.

These aren't like stocks. There is so much irrationality, herd psychology and unpredictability - unless you have some serious knowledge (or a good trading bot) it's difficult to consistently make money. It blows my mind that lay-people casually buy and sell and try to "time" the market, to me that's pure casino red/black stuff

makeorbrake

stockshares wrote: »

I thought that when I bought Iota first but its price just kept falling and I thought it could go to nothing so I sold.

Look at the fundamentals of a project and figure out on that basis yourself if there's merit in it or not.

stockshares wrote: »

Strange that no mention was made of Iota/jaguar parthership up to now. I heard nothing until this morning.

That news only broke 12 hours ago.

Dohnjoe

makeorbrake wrote: »

Look at the fundamentals of a project and figure out on that basis yourself if there's merit in it or not.

This. And resisting the urge to panic sell if the market goes underwater but the project stays on track. Not expecting another big jump in the market for at least 1.5 to 2 years (or could be never)

Personally am using bull runs (disclaimer: if it happens), selling in stages, to recoup the investment amount. Everything else remains at pure profit. A crazy bull run (disclaimer: if it happens) is also a good time to unload bad projects/decisions

grindle

stockshares wrote: »

I thought that when I bought Iota first but its price just kept falling and I thought it could go to nothing so I sold.
I notice that a lot of the Platform coins Iota,Ada,Neo were priced low compared to their value so I bought but prices dropped further.
Its hard to know if buying these atm is a good idea.

Yeah, buying into early-days platforms with fresh fiat can result in a mauling. I wouldn't think of those as the coins for easy flips any more, they're pretty highly valued as it stands & more a longer term thing - if they work out they work out. Having said that IOTA or NEO could double overnight off the back of a tiny bit of news. ADA is earlier in development so less likely to have mega-hyped shillable news.

stockshares wrote: »

Strange that no mention was made of Iota/jaguar parthership up to now. I heard nothing until this morning.
Whats the best source for news on future Coin/Comany partnerships or Project Timelines/Roadmaps. Some of the whitepapers dont include much in their Timelines/Roadmaps

Companies don't like industry outsiders knowing their business before they publicise it, that's not specific to blockchain. If Jaguar have essentially announced they'd be paying these coins as a reward for data-mining then you can bet they've already bought what they've needed at the price they wanted. Any information leak would result in them paying a higher price, a thing people don't like and businesses don't like even more.

stockshares wrote: »

Do you not consider holding BAT. Is it best to take profits on the Alts and put the profit into Eth or BTC

I have a small bit of BAT left, but when I sold for 4x the ETH I put in I had to consider that it was a great return for the project I value most and in fiat terms the timing of it meant I'd have to pay half the amount of tax as ETH has dropped so much, easier to pay that off. Selling for the same 4x in ETH if ETH was $1k and BAT $1.50 would've been a much greater annoyance as I like keeping as much crypto as possible instead of selling large swathes for CGT.

For people dealing solely in fiat terms, BAT is still a decent long term hold with less risk than most shítcoins but it's at or near ATH vs ETH.
Do I think BAT is a more valuable idea or platform than ETH long-term? Nope. Doesn't make sense for me to have too many BAT vs ETH in that case. I'll spend time trying to find something undervalued compared to ETH (2018 made this very difficult :pac:) or that I think could pop. Could lose. Could win. Probably a mix of both.

stockshares

Dohnjoe wrote: »

These aren't like stocks. There is so much irrationality, herd psychology and unpredictability - unless you have some serious knowledge (or a good trading bot) it's difficult to consistently make money. It blows my mind that lay-people casually buy and sell and try to "time" the market, to me that's pure casino red/black stuff

makeorbrake wrote: »

Look at the fundamentals of a project and figure out on that basis yourself if there's merit in it or not. .

Ive been reading Cryptoassets by Chris Burniske and Jack Tatar and they provide criteria on how to judge a coin so Ill try and follow that advice but it seems very time consuming. Ive posted a Thread about their criteria earlier.

I dont Day trade but I am interested in Holding good coins if i can sort the good from bad.
I got rid of BCH and BSV because of the dodgy people involved which i had been unaware of before i bought BCH last year. Since reading the book above ive dropped XRP and EOS as going by the advice in the book, the way they have issued coins is suspect and their potential use is debatable.

Im then left with BTC for store of value, ETH,ADA,IOTA,SKY of the Platform coins, Nano and XLM for payments and ENJ,BAT as more or less finsihed products. I dont trust stablecoins to trade with so I hold BNB to trade with. Im looking for entry points to get back in on the above coins.

grindle wrote: »

For people dealing solely in fiat terms, BAT is still a decent long term hold with less risk than most shítcoins but it's at or near ATH vs ETH.
Do I think BAT is a more valuable idea or platform than ETH long-term? Nope. Doesn't make sense for me to have too many BAT vs ETH in that case. I'll spend time trying to find something undervalued compared to ETH (2018 made this very difficult :pac:) or that I think could pop. Could lose. Could win. Probably a mix of both.

How do you determine whats undervalued compared to Ether

grindle

stockshares wrote: »

How do you determine whats undervalued compared to Ether

It's difficult when nothing is inherently undervalued unless we're speaking relative to Bitcoin, which is what it is.

I try to take it's ICO price into consideration, where ETH is in relation to Bitcoin, how far I think ETH could go in 5yrs vs how far I think BAT could go in 5yrs, how useful projects are or could be in comparison to eachother now or in the future.
Maybe I get it wrong and BAT is $50b market cap in 5 years. I'll hopefully still have made a decent wedge, just less of it.
I'll also hopefully have made more from other flips either way, especially if another bull-market comes within 5 years.

Dohnjoe

stockshares wrote: »

Im then left with BTC for store of value, ETH,ADA,IOTA,SKY of the Platform coins, Nano and XLM for payments and ENJ,BAT as more or less finsihed products. I dont trust stablecoins to trade with so I hold BNB to trade with. Im looking for entry points to get back in on the above coins.

How do you determine whats undervalued compared to Ether

It depends. For me many coins are trash or pointless and they have little or no long-term future. However what I think from a financial, analytical and regulatory perspective is pretty much irrelevant

My take; what really counts is what attracts the average crypto investor. If something is "attractive", decent team, a good community, not too much baggage, is sticking to their goals, hitting their targets - then they stand a better chance than other projects which don't measure up

Failing that, a split basket across the top 5 or 10 with the odd longshot thrown in

Bob24

Tether only 74% backed by cash: https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Given that it is a fairly official statement, wondering what impact it could have on tether holders (ie will they care or not).

JohnnyFlash

Bob24 wrote: »

Tether only 74% backed by cash: https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Given that it is a fairly official statement, wondering what impact it could have on tether holders (ie will they care or not).

That's about 100% more than I thought. You'd have to wonder who is sinking the money into Tether - a stablecoin isn't exactly a safe and profitable way of investing your money.

Dohnjoe

JohnnyFlash wrote: »

That's about 100% more than I thought. You'd have to wonder who is sinking the money into Tether - a stablecoin isn't exactly a safe and profitable way of investing your money.

Don't know about Tether, but a lot of investment in stable-coins. Including banks getting in on the act.

sexmag

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

And the indictment has dropped.

https://www.justice.gov/usao-sdny/pr/arizona-man-and-israeli-woman-charged-connection-providing-shadow-banking-services

>Users of one particular crypto exchange (“Exchange-1”) deposited government-backed currency into a bank account of the Crypto Companies (“Account-1”) that was opened and maintained by FOWLER at a specific international bank (“Bank-1”). Although Exchange-1 advertised itself as providing required “know your customer” and anti-money laundering verification services in connection with Exchange-1’s platform, this was false with respect to the shadow banking services provided by FOWLER and YOSEF.

I wonder which exchange is Exchange-1...

>The verification process for Bitfinex is a standardized compliance measure for anti-money laundering (AML), know your customer (KYC), and counter-terrorism financing (CTF) laws and regulations.

https://support.bitfinex.com/hc/en-us/articles/115003355893-Account-Verification-Individuals

Hmmm...

*copied from reddit