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Crypto Currencies ~ " Duck Tales Spin From The Crypt"

Discussion in 'Stocks & Investments' started by Guerrilla, Oct 13, 2017.

Page 45 of 426
  1. Dec 7, 2017 at 1:42 PM
    #881
    mountainmonkey

    #881
    mountainmonkey Well-Known Member

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    Here's another important thing to note that should probably make it into the OP at some point. As most of you know, most altcoins (any coin not BTC) cannot be directly bought with fiat currency but rather is acquired usually with either BTC or ETH. For example IOTA. Many people obtain it by buying into the trading pair IOT/BTC. When you evaluate how your investment is doing many people look at whether the price of IOTA has gone up in USD (US dollars), and if so they are happy and thinking their investment is doing well. This is not always the case. You should be evaluating your altcoin performance based on the currency you purchased it with. In the case of the IOT/BTC pair you should compare the price increase or decrease of IOTA to the increase or decrease of Bitcoin. This is because even if the price of IOTA goes up in price compared to the US dollar, if the price of Bitcoin also goes up, by a larger percentage compared to the US dollar, you have actually reduced the value of your portfolio by investing in the IOT/BTC pair compared to if you had just kept your money invested in the Bitcoin that you had to use to purchase the IOTA. A good resource for viewing the price of altcoins compared to both BTC and ETH is coinmarketcap.com. you just have to change the drop down menu above the list of coins from USD to either BTC or ETH (whichever is applicable). This updates the info on the page to be compared with Bitcoin or Ethereum rather than the US dollar.
     
    Last edited: Dec 7, 2017
    mountainmonkey, Dec 7, 2017
    #881
    boostedka, scottalot, shieldze1025 and 1 other person like this.
  2. Dec 7, 2017 at 1:51 PM
    #882
    shieldze1025

    #882
    shieldze1025 Well-Known Member

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    I finally looked up HODL. Was not disappointed

    IMG_0504.jpg
     
    shieldze1025, Dec 7, 2017
    #882
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  3. Dec 7, 2017 at 1:52 PM
    #883
    shieldze1025

    #883
    shieldze1025 Well-Known Member

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    Well said dude. Luckily my exchange has a USD direct conversion for the coin I want to buy, kind of stoked on that
     
    shieldze1025, Dec 7, 2017
    #883
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  4. Dec 7, 2017 at 1:53 PM
    #884
    Rattletrap66

    #884
    Rattletrap66 (ノಠ益ಠ)ノ彡┻━┻

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    a well kept secret lol
     
    Rattletrap66, Dec 7, 2017
    #884
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  5. Dec 7, 2017 at 1:58 PM
    #885
    Rattletrap66

    #885
    Rattletrap66 (ノಠ益ಠ)ノ彡┻━┻

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    you can buy LTC with BTC or vice versa on Binance

    upload_2017-12-7_16-57-27.jpg
     
    Rattletrap66, Dec 7, 2017
    #885
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  6. Dec 7, 2017 at 2:09 PM
    #886
    BamaToy1997

    #886
    BamaToy1997 Wheel Bearing Master

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    Um, I just bought Litecoin last night with my credit card..... Didn't use BTC or ETH.
     
    BamaToy1997, Dec 7, 2017
    #886
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  7. Dec 7, 2017 at 2:12 PM
    #887
    mountainmonkey

    #887
    mountainmonkey Well-Known Member

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    Yep that is why I said most altcoins cannot be bought directly with fiat. Litecoin is one of the few exceptions. My example probably would have had more meaning if I had used another alt in the narrative :thumbsup: Live and learn I guess.

    EDIT: I updated my example to use IOTA instead which as far as I know cannot be bought directly with fiat. Hopefully this helps others better understand. Thanks for bringing this to my attention.
     
    mountainmonkey, Dec 7, 2017
    #887
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  8. Dec 7, 2017 at 2:13 PM
    #888
    Rattletrap66

    #888
    Rattletrap66 (ノಠ益ಠ)ノ彡┻━┻

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    looking for ETH to dip just a little more then I will purchase one share
     
    Rattletrap66, Dec 7, 2017
    #888
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  9. Dec 7, 2017 at 2:13 PM
    #889
    BamaToy1997

    #889
    BamaToy1997 Wheel Bearing Master

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    I guess I misunderstood your statement then because I read it as you saying that Litecoin is bought by using BTC/ETH, like other alt coins. Live and learn!
     
    BamaToy1997, Dec 7, 2017
    #889
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  10. Dec 7, 2017 at 2:16 PM
    #890
    mountainmonkey

    #890
    mountainmonkey Well-Known Member

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    I updated my post to use a different altcoin as the example because I think you are right that Litecoin is a poor example. Thanks!
     
    mountainmonkey, Dec 7, 2017
    #890
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  11. Dec 7, 2017 at 2:20 PM
    #891
    Fish12South

    #891
    Fish12South Well-Known Member

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    Not Enough.
    I'm waiting on a couple transactions from my bank account to post through. As long as nothing goes stupid before then, I should be sitting on ~1.5 LTC and some insignificant amount of a BTC.


    Annnnndddd.... already sitting on 27.972 IOTA. We'll see, I'm a gambling man. :D
     
    Last edited: Dec 7, 2017
    Fish12South, Dec 7, 2017
    #891
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  12. Dec 7, 2017 at 2:27 PM
    #892
    Rattletrap66

    #892
    Rattletrap66 (ノಠ益ಠ)ノ彡┻━┻

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    IOTA hehe
     
    Rattletrap66, Dec 7, 2017
    #892
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  13. Dec 7, 2017 at 2:28 PM
    #893
    Fish12South

    #893
    Fish12South Well-Known Member

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    Not Enough.
    Come on man... let me HODL my ITOA how I want. :rofl:
     
    Fish12South, Dec 7, 2017
    #893
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  14. Dec 7, 2017 at 2:29 PM
    #894
    Rattletrap66

    #894
    Rattletrap66 (ノಠ益ಠ)ノ彡┻━┻

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    [​IMG]
     
    Rattletrap66, Dec 7, 2017
    #894
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  15. Dec 7, 2017 at 2:30 PM
    #895
    Rattletrap66

    #895
    Rattletrap66 (ノಠ益ಠ)ノ彡┻━┻

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    ETH is about to go below $400
     
    Rattletrap66, Dec 7, 2017
    #895
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  16. Dec 7, 2017 at 2:32 PM
    #896
    Guerrilla

    #896
    Guerrilla [OP] L(.)(.)K@G(.)(.)Dz

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    Stuff
    Special thanks to @WhiskeyTaco for the nice intel gathering for OP.. OP has been updated with that.. I will look back and see what else you guys are thinking I should add.. Anything further, would be best sent to me via PM, bc there's a chance I may over look it, since the threads kinda taken off..

    Thanks to everyone.:thumbsup:
     
    Guerrilla, Dec 7, 2017
    #896
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  17. Dec 7, 2017 at 2:33 PM
    #897
    Rattletrap66

    #897
    Rattletrap66 (ノಠ益ಠ)ノ彡┻━┻

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    Two things for @Guerrilla
     
    Rattletrap66, Dec 7, 2017
    #897
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  18. Dec 7, 2017 at 2:33 PM
    #898
    Rattletrap66

    #898
    Rattletrap66 (ノಠ益ಠ)ノ彡┻━┻

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    just dropped to 398!
     
    Rattletrap66, Dec 7, 2017
    #898
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  19. Dec 7, 2017 at 2:35 PM
    #899
    Rattletrap66

    #899
    Rattletrap66 (ノಠ益ಠ)ノ彡┻━┻

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    dislike

    Does anyone know how to send from coinbase on the app? I am on desktop so it is easy but a friend of mine is having trouble

    @Trident904
     
    Rattletrap66, Dec 7, 2017
    #899
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  20. Dec 7, 2017 at 2:38 PM
    #900
    Rattletrap66

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    Rattletrap66, Dec 7, 2017
    #900
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