Pretty cool to be able to loan in out at 0.45. I only secured a rate of 0.21 just now

That's correct, I'm one of them, that's why I'm considering saving my financial game by cashing out to non-crypto assets such as real estate and more precious metals.

In crypto land it'll be much harder to replicate a yearly 39x gain for ETH, so I'm hunting down dividend yielding/utility  tokens that has 5-10x potential, Omise, TenX and Status are prime candidates

Public ICO on 26th, as little as you want, good luck though. 1 ETH = 420 PAY

Pre-sale started yesterday 7pm, currently at 25.8% done

Minimum 125 ETH or contract rejects the transaction.

Stalk the whales here

https://etherscan.io/address/0x0763bc9eeb2e...acaa55d8e1e7643

Bancor actually already have product and will push it after this.
Now can play with the demo

https://app.demo.bancor.network/discover
https://blog.bancor.network/the-bancor-plat...-2-10e3459489db
P/s: wth guys almost 20 pages , its only 2 day since this new thread open.

Owh the token is locked probably up to 7 day.

There are no news yet regarding exchanges.
Bancor for sure will let their application service and smart contract going live first befor let BNT hit exchanges.
Ppl buying new BNT token through the apps and smart contract is more benefit the price of BNT
Because more new BNT created this will drives the price up.

And 80% fund that exceed the hiddencap- that is around 150k eth
Will be use to buy back the bnt at ico price.
So around 120k eth buy wall will be there.( not sure if this will happen or not- but theoretically that how it said)

NXT been on steroid.

From $0.03 now cleared $0.17

Polo USDt

guys, im trying to understand how do you want to enter ICOs? is it through their invite?

Only 125 ETH? maybe just put 5 ETH into ICO

Have 1000 ETH? yes
Waste fees only, miners happy
ICO concept is still new, many people experimenting with various ways to satisfy everyone.

By definition, ICO is really just: "Hey guys, we want to build a really good product, here's a demo and our background info, read the whitepaper, join slack and ask away!"

Then they set a date to collect the funds from public, problem is, whales always come and ruin the party for everyone.

So gnosis tried reverse dutch auction, which failed

Now TenX is doing a presale for whales, so that public gets a better chance of getting in on the ICO.

First page guide covers all forms of ICOs, ultimately you need to know what you're buying into, caveat emptor.

Check out their YouTube vlog and don't be shy, they'll answer all your questions on slack.

Well, the term "altcoin" was used in the early days to denote every other cryptocurrency that is not bitcoin, so ETH by default *is* an altcoin.
By the way, it is also important to note that the term "altcoin" does NOT have any negative connotation to it......it doesn't mean that an altcoin is somehow inferior to bitcoin, nor does it mean that the coin with the highest market cap is the "main" coin while all others are "alternative" coins.
It's just a term of reference.

That said, however, I do get where you're coming from.

How about we dispense totally with the actual names of coins, and just call this thread the "Cryptocurrencies Thread"?
What say you?

No worries.
I don't have a problem with changing the thread title, actually, if that's what everyone wants and if that's going to help spread awareness.

Cryptocurrencies thread seems fine

Hi guys, been trading for awhile now on polo. decided to participate actively in this thread from now onwards. very glad to see that the thread is growing together with the cryptocurrency world. Currently im into cheap currency XRP, DOGE, DGB, GNT and few others. partially hodling and partially trading (with an aim to be like WooTz, of cos). hahahaha

So.... Greetings fellow Cryptonians

No stranger to strange milestones, the cryptocurrency sector may soon see a historic first, one that could upend long-held perceptions of its market.

Branded 'The Flippening' by market observers, this new hypothetical is defined loosely as the point at which a competing blockchain network could replace bitcoin as the largest and best capitalized blockchain. Sparked by increasing inflows in cryptographic assets, the concept has already seen a dedicated hashtag and website.

Given that bitcoin invented and popularized blockchain systems, the development could herald a time of new diversity and experimentation for the nascent sector that, until recently, was largely defined in context of bitcoin.
ADVERTISEMENT

At earlier points in 2017, bitcoin accounted for more than 80% of the total cryptocurrency market share, though this figure has been higher than 90% at times.

However, so-called alternative cryptocurrencies have drawn robust inflows this year, causing their total market cap to reach a record high of roughly $117m today, a more than 500% year-to-date increase, according to CoinMarketCap.

So, will the event come to pass? And if so, what will it mean?

Analysts queried by CoinDesk largely believe ethereum's ether token is most likely to spur the change, given it has increased 3,000% this year with no signs of slowing.

Indeed, ether's market cap has been drawing steadily close to bitcoin's amid a broader uptick in interest for so-called 'tokens' based on the platform, with the two cryptocurrencies worth $35.9bn and $43.7bn at the time of report.

Bitcoin's governance problems

Still, while some analysts focused on the promise of the ethereum network, others emphasized the perceived difficulties bitcoin has encountered of late as the reason this development could be likely.

Developers and entrepreneurs building on bitcoin are still trying to figure out the best way to resolve its ongoing scaling dilemma, a matter which some allege is limiting the cryptocurrency's use as a medium of exchange. (Though, perhaps benefitting its use as a store of value).

Currently, blocks in bitcoin's blockchain can only include up to 1 MB of transaction date, meaning that they can only process a fixed number of exchanges. Thus far, proposals to increase the block size have failed, and efforts to implement Segregated Witness – a solution that would reduce the total size of each individual transaction and allow more of these to fit into blocks – have failed to gain the needed support.

Other proposals have largely proved short-lived or polarizing.

"Bitcoin is still stuck at [the] scaling dilemma," said Marius Rupsys, cryptocurrency trader and co-founder of fintech startup InvoicePool. "If some kind of agreement were achieved, [bitcoin] could regain much of its dominance."

However, the bitcoin community has not yet found a solution, so ether is benefiting from the situation, he said. As markets respond to these developments, Rupsys expects ether's market capitalization, or the total value of its available token supply, to surpass bitcoin's.

Bitcoin, the first cryptocurrency to scale, has to an extent become "a victim of its own success," said Tim Enneking, managing director of the cryptocurrency hedge fund Crypto Asset Fund.

He also noted that ether has benefited from coming into existence after bitcoin, telling CoinDesk:

    "Ether has learned and has fewer problems – as well as a comprehensive, coherent (more or less) roadmap going forward. It also has leadership. Bitcoin has none of that. And first-mover advantages dissipate if one doesn't continue to innovate."

Charles Hayter, co-founder and CEO of cryptocurrency exchange service CryptoCompare, was also optimistic that ethereum could become the dominant blockchain.

"Ether has a strong chance of surpassing bitcoin due to its strong network effect and ability to negate the governance issues that bitcoin has been subject to," he said.
ICOs crucial

Some market observers emphasized the key role played by token sales (or ICOs) when explaining why ether's market cap might surpass that of bitcoin's.

As these offerings allow participants to exchange bitcoin and ether for digital 'tokens' that grant exposure to new ventures, investors purchasing these tokens (contracts on the ethereum network) frequently use ether because they don't want to miss out.

Further, the concentration of ether in the hands of a smaller set of startups is creating new economic pressures on the network.

"This keeps many ethers locked up in new projects and [fewer] ethers are available for trading," Rupsys noted.

Bitcoin entrepreneur Charlie Shrem offered a similar sentiment, noting: "Right now, an immense supply of ETH gets locked up due to [ICOs]." This "severely reduces supply," and with each offering, more tokens are "locked up", he explained.

Still, projects using this method of fundraising are going to sell some of the ether tokens they raise to pay for development, he said, meaning sell pressure could increase in should this begin in earnest.
Bubbles and potentials

While many analysts provided optimistic assessments of ether's future, some expressed concerns that the cryptocurrency is in bubble territory.

Petar Zivkovski, COO of leveraged cryptocurrency platform Whaleclub, asserted that ether's price is tied heavily to the ICOs that use the alternative asset protocol.

"I personally think ether price is incredibly overpriced, and that many of the ICOs funded will not deliver on all their promises. When that unravels, it's likely to cause a substantial crash in the ether price," he said.

However, he did leave open the possibility that ether's market cap could surpass bitcoin's, depending on how much success ether-based ICOs produce.

Still, analysts also emphasized the influence both networks could have on the world.

While bitcoin could revolutionize the world of currency, ether could have more a wide-ranging influence through its use of smart contracts.

Mati Greenspan, senior markets analyst at asset trading platform eToro, spoke to this potential.

He added that, given its expansive goals, it might be likely for ether to surpass bitcoin in terms of market cap and price, though it may not have the largest network effect by other means.

Greenspan concluded:

    "The development of both bitcoin and ethereum have far-reaching implications for our future world. Respectively, bitcoin and ethereum represent the future of money and the future of the internet."

most of altcoin paired with BTC, if BTC market cap share gobble up by other altcoin, there will be some storm in cryptocurrency world, of course, all this depend on those big whaler out there.
Unless, there will be more alt/eth pairing, BTC is too huge now, it will catastrophe event if it does happen ( touch wood! )

""I personally think ether price is incredibly overpriced, and that many of the ICOs funded will not deliver on all their promises. When that unravels, it's likely to cause a substantial crash in the ether price," he said.""


Quite scary too...

Was expecting SC to dip a bit so that I could scoop some...

They are sent nearly in real time, using COMIT.
Even at exchanges, so don't leave it there and let polo suck your ETH.

Greed knows no bounds, expect more whale action when ICO comes. Put 500Gwei if you're up for it!

just in time i pumped some XEM  \

and some DGB as well 
not bad, not bad.. DGB now 10% in term of coin profit

but in term of BTC 

Bitshares (BTS) has been surging in trading volume to top 4 lately, ain't nobody start investing in this coin? It's been around for years and it is only gaining traction lately. It seems very promising and I wonder why nobody is talking about this.

actually i have done my research on BTC and ETH only. other than that i wont touch because it's like buying lottery. actually it's like 4D number cuz there are 700+ coins out there
i believe we are in a super bubble phase like 2001 tech stocks bubble where everyone who can ICO is guaranteed to become a super millionaire.

the 2001 tech stock bubble also same, whatever that can be IPO, investor will buy, pump it upward 20% then leave it to rot. plenty of investor dunno what shit they bought also   

funny a lot of coins out there got no practical usage yet it's being pumped and dumped all the way.
when everybody buys because they gonna get rich (no apparent reason), thats when something will pop.

it was 40% an hour ago.. now drop below 30%, it will definitely drop to 1000 stat again, then i will pump again

Does anyone know what wallet can keep Siacoin? or you guys just leave it on the exchange?

the golden rule of a bull run.
enjoy the free money, know when to retreat and cash out.

i will only stick to those which is open to the chinese market, backed by corporations, and can government bypass capital control, anonymity
the rest is just for the LOL.

just like DogeCoin. WTH u want that for ??

Easiest way to check whether we still got legs or not for Ether.

The transaction and address growth data.

Mere 2.91 million address, with ATH 59000 daily address growth and ATH of 291,000 transactions

Hashrate also following steadily with price.

All healthy indicators.

More working product ICO and we're all good.

The classic indicators are Ethereum being so ubiquitous until taxi uncles and cleaners started buying ether for some dubious money game ICO, that's where you exit.

Calling bubble territory at less than 3 million addresses? Nah I'm not buying it.

So i'm really keen in setting up a hardware mining set as I've read too many bad reviews of cloud mining (Especially the part whereby the company terminates the contract if they find it being unprofitable for over 60days)
Tried googling the best hardware set up and came across this guy; The estimated cost to set up a system is around USD 3089.
http://www.coinminingrigs.com/how-to-build...gpu-mining-rig/
https://www.amazon.com/gp/cart/view.html/ref=nav_cart USD 3089
Headed over to lowyat just now and no one seems to have the required Graphics Cards and even the casing to place the 6 graphics card. Had a shop on the 3rd floor that said he should be able to get the casing by the end of next week. Quoted me roughly around 15k - to 17k to set up a decent mining set though the parts that he is using is totally different from the link that i had given above.

Cryptocurrencies – Is it a Ponzi scheme?

I had been spending the last couple of days breaking down Ponzi schemes by attributes, translating it to a mathematical model, in hopes of finding provable similarities with cryptocurrencies. After all, it looks like cryptocurrencies are fueled on the necessity of new purchases for price increases, hence the association of it in likeness with Ponzi schemes.



In summary, instead of showing attributes akin to a Ponzi scheme, cryptocurrencies show attributes closer to the stock market/penny stocks, driven by fundamentals (equivalent to investigating the industry, NAV, P/B of a company) and crowd speculations. I may expand more about bubbles and the greater fool theory in relation to the cryptocurrency market on a later date, but not now.