Alright, I've concluded that DASH is getting a bit too high for my poor heart to take, and have decided to cash out my profits.
To be honest, I have a feeling that it's still got a bit of steam left in it to push it higher still, but I'm starting to get uncomfortable now. And my rule is if any investment reaches a point where I can't sleep and keep worrying about it, then it's time to sell it.
Time to move on to others!

Over USD 38 now. (It actually went up by USD 1 as I was typing this post...!)
Very happy with my paper profits (not selling though) although I would have preferred that it went up steadily and gradually instead.
This one's definitely a keeper.

Because the rejection is already expected, the public has already priced in the rejection of the ETFs into the BTC prices, so that's why you won't see huge crashes......I truly believe we have reached a point where regulatory decisions no longer affect cryptocurrencies as before.
As we saw yesterday, not even a mass shutdown of nodes due to a code attack can affect the BTC price.
Probably the only real threat that can cause a large scale global crash in BTC is a massive hack and theft of some big exchange, but even then, you'd see the prices surge back in days, or at most a few weeks.
ETH is going up a bit too fast for my comfort, so I'll just keep my current stash there and will not buy in more until we see a correction.
Still contemplating what to do with the USDT in my account after cashing out on DASH.


This post has been edited by wengherng: Mar 16 2017, 11:23 AM

If you're new to cryptocurrencies and hardware wallets, it is strongly advised that you take some time to read up and familiarise yourself on how to transfer your cryptocurrency to your hardware wallet.
This is extremely important, because all transfers are non-reversible.
If you made a mistake and sent your coins to the wrong address, then your coins are lost forever.
There are plenty of online tutorials showing you how to do this, especially on Youtube, just search for "Ledger Nano S reviews and tutorials".
If you are using Poloniex, then you don't need a separate online wallet, you can transfer directly from Poloniex to your hardware wallet, and vice versa.
Ledger has its own app, which you can download for both iOS and Android. Both are free.

Number of coins is not important......most important is how much they are worth!
Not sure why......the BTC price today on Poloniex is lower than many other exchanges. Damn.

I didn't know that China has not adopted ETH on its exchanges?
You mean that the people in China have no access to buy ETH?

Hmmm......
It's only a matter of time before they open up, and when they do, it will open up another floodgate of capital influx to the cryptoworld.

Have to check them out later.
So far I am only using Poloniex for exchanging between various cryptocurrencies.

It's never too late to start investing in any investment vehicle.
Just depends on your expectations and risk appetite.

Damn......wish I could say that as well.
Oh well......good for you!
I still have a very long way to go.

I have about 10% of total cryptocurrency investment in Monero.
Right now, I think it's about 60% BTC, 30% ETH and 10% XMR.
Pretty happy with the performance so far.

ETH is going up a little too fast, in my opinion.
The fundamentals are definitely there......just the speed is too fast and I predict there would be a correction soon, so probably will not buy more at the moment.
BTC is looking very cheap at the moment......would have loved to get some more, but unfortunately I'm all out of cash now.

All day, every day.


ETH and BTC are the only 2 cryptos that I do not set sell-limits.
I daresay that ETH will hit USD 32-35 before turning around.
Sadly, I think those days are gone when I could buy it at below USD 17.

So...ETH did drop to USD 32.50 at one point in the evening......damn it, sometimes I hate it when I'm right, especially when I have no more money to buy at the dips.
And now it's nearly back to USD 46.
The speed of all this madness is making me dizzy.

What's the actual definition of the flippening?
Is it simply when ETH's market capitalisation overtakes BTC's?


This post has been edited by wengherng: Mar 19 2017, 01:52 AM

Poor fellow.
But then again, he could be one of those early adopters who have 12000 BTC in his account, so losing 120 BTC might mean nothing to him.
Who knows.
By the way, why do you say the flippening guarantees 70-80? Is there a source for this?

I honestly don't care too much about which side wins.
Just as long as there is a final outcome and just get the hell on with it.
The current stalemate situation is not helping anyone.
Congratulations if you still have Dash......it seems that it just won't give up.
Although...I'm still glad I cashed out of it already.

This post has been edited by wengherng: Mar 19 2017, 03:17 PM

Yes, BTC is looking really cheap now.
Unfortunately, it's another one and a half weeks to pay day, so no more buying for me......

When you add one additional link in between, you are introducing another variable in the equation.
True, you can easily convert your fiat currency to any altcoin via BTC, but you have to first consider the forex rate between MYR/USD, then consider the buy/sell spread between USD/BTC, and then another buy/sell spread between BTC/altcoin.
Which means you have already lost three times in the spread, even before you get your altcoins.
But, I suppose in Malaysia, your choices are severely limited.
Where I am now, I can deposit the local currency to a local exchange, and purchase ETH directly, so that's good, but still no other choice if I need to purchase other altcoins like XMR, etc.

I wouldn't touch margin trading with a 10-foot pole.
But great for those who do.

I've never used such peer to peer exchanges before, how does it work?
Do you have to transfer the money to the seller first before they transfer the coins to you?
Or does Localbitcoins function as an escrow company?

That's even higher than using XBit Asia or Luno.
I think I'll just continue using the exchanges for my sales.

I believe that's only part of the equation.
One of the side effects of the ETF saga is that a lot of other people (previously non-crypto investors) have been exposed to this "new" hot investment vehicle, and as a result there is new capital inflow into the cryptocurrency industry as a whole, either to bitcoin or to other coins.
True that most people treat this solely as just an investment alternative, to gain quick profits, etc. but the fact remains that there is so much more exposure and spotlight on cryptocurrencies now that we can see that the industry will only get bigger and bigger in general, in terms of market capitalisation.

I'm considering getting one myself.
Or a Ledger Nano S.
Need to keep my altcoins secure too.

I never had to wait for 2 business days.
Usually I transfer in the evening or at night, and receive an email the next morning, confirming that my account has been credited.
So far they have been very efficient.

Unfortunately, the problem is that they don't work on weekends, so you can get any crediting on Saturdays or Sundays.
Which sucks if you are in a hurry to buy during a dip.