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Originally Posted by brantley847
Damn, thought I was the only one riding the crypto wave on here.
For those interested, I am stayin away from BTC. The structure of their blockchain application is a bit dated when you compare it to the likes of ETH and NEO. Seriosuly reconsider the hype of ripple. That is a PUMP and DUMP coin.
Look into ETH, but it will be a LONGGG term hold. 3-5 years and I think ETH will bypass BTC. A lot of respected financial analysts (even those who are skeptical) admit ETH could push 40-50k in in the next few years if regulation does not try to destroy this. It trades at 1,050 right now. Obviously, this is all contingent upon govts only taxing this and not completely attempting to outlaw it in China, Russia, Korea and the US. Japan is going knee deep into this and thats good news for us. I do NOT believe ETH is a short term hold. Long all day.
If you are looking for a potential short term payout (12-24 months) that could spike and moon look at DENT. It is a top 100 currency and has industrial application use in the telecommunication peer to peer market and it is ONLY trading on two exchanges. It is trading at more than 50% off its highs at below 4 cents, with a high of .10 just a few weeks ago before the big correction occurred.
It has a price forecase of .50 by year end with a 1-2 dollar forecast in the next 2-3 years. DENT is releasing an application for android in Feb/March and I expect more exchanges will pick it up later in the year as I believe its in the top 75 of market cap?
Otherwise, the "safest" bet is probably Ether (ETH)... but who wants safe?
I only have 5% of my portfolio in crypto, but I went heavy on DENT as the potential next heavy return if it gets on a few more exchanges. If DENT only hits 1 dollar I will have enough to pay my grad degree and mortage off..... If it gets on Bittrex or Binance its off to the races. Use COINBASE or any other wallet to get started, but do NOT trade on Coinbase. Fees are way too high.
If you guys are interested in learning more, I follow a few pretty knowledgeable dudes on reddit and rivals (college football forum). The guy I mimic went from 2k to 750k in the last 8 months. I tripled my original investment in about 30 days. Again, thats not to say this wont fail... but at least with US legislation taking tons of time to pass law, we should have enough warning signs if you guys pay attention and follow the forums. I know I have been lucky and I can lose it all at any time, but I went from looking at a ZL1 to know looking at holding another 12 months and pushing my mortgage and a 911 GT3 if forecasts are even half what some believe.
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Yea, over time, I see this getting regulated, which means a less volatile market, meaning less gains over time. I'm trying to strike while it's hot.
I'm the complete opposite of you. I'm not a long term holder. I like Bitcoin for the fact that you can count on it dipping $500-$1000 in a day, then placing a buy order. Then, place a sale order at say $500 above your buy order. You don't make a killing, but that's a 5% gain. So, if you dump $100k on Bitcoin at let's say $11,000 and it goes up to $11,750 the same day, which it does all the time, you made $7k within a day. Sometimes within minutes. But I agree, it's a game. You are going to lose. haha. But, you have to bet big to win big. I'm still just playing around with $5k to $10k at a time and testing my skills. Today, I'm literally not even doing anything as every coin is down for the most part. Plus, I have my buy orders in on Bitcoin and Eth, so until those hit my buy order, my $ is tied up. Then, once they hit my sale order, I'll look at other coins that are pumping at that time. Cash out my profits, then move my $ to the coins that are moving. The hardest part is being satisfied. That is how I lost about $10k last week. haha. I wasn't satisfied. But, I've learned to just take profit and cash it out. Be happy with it. Even if it's $300 in a day.
This week has been like this. I cashed out $1800 on Monday. Bought more Litecoin and Eth on the down. Waiting for those funds to hit. Lost $10k on the crash. Made $500 on Fri and I'm up like $300 today. So, in a week, I'm down basically 8k. But, I bought a ton of Eth and Litecoin on the crash, so once that hits, I'm already gonna be up a good 20%, so I'll cash out my 20% gains, and keep my original investment in my account to day flip.
Eth is killing me. It's now under $1000. I bought at $1075 yesterday, have a sale order in at $1200, but I agree. Eth to me is going to be the big mover this year. Same with Bitcoin, I bought yesterday at $12,600 thinking it was going to push over $13k. Only to see it drop to $11,175.00 now. I have a sale order in at $13,000 so. I'm just waiting now. XRP to me is a super long term hold. I like Tron when it's moving as you can make a good 2-3% on any given day. Now, it's not even moving .5% daily.
I missed Verge last night. It went from .11 to .15 within a pump of about 1 hour. I missed it. Could of gone big.