USDT is also an altcoin, remember?
If all hell breaks loose, I don't think USDT will be spared either.

However, the lazy and naive investor in me still has faith in cryptocurrencies in general.
I think that no matter how bloody it gets, it will still reverse and recover.
Might take a bit of time but it will recover.

Wow, ETH is at more than 0.14 to BTC.
With BTC down below USD 2600 now, I am thinking whether I should liquidate some of my ETH into BTC and wait till BTC recovers?

AllnGap, WooTz, kmarc......what do you guys think?
Feasible? Or the worst idea ever?
I'm not a technical investor, so would love to hear your thoughts.

There are already some coins developing that now, like Humaniq.

Argh......don't remind me......

What a bloodbath......15% down overall on my holdings......
Oh well......I guess this was anticipated. Price rises cannot continue on forever, there has to be some rationalisation and correction somewhere......take a breather before it starts moving up again.

One token that has strangely bucked the trend, though, is the Quantum Resistant Ledger (QRL).
Debuted just 5 days ago on Bittrex with around USD 40 million market cap, and steadily rose to over USD 100 million today.

Luno doesn't set the prices.
The prices are set by the sellers on Luno.
Luno only charges buyer and seller fees.

I'm Malaysian, but working overseas.

Huh......I don't get it......
How do I give the impression that I am a whale?
I'm just another average Joe small fry trying to earn a living.

You know, I am considered a "foreign labour" even.

Not like some actual whale who mentioned long ago that he could retire once ETH reaches USD 300......but let's not mention names, shall we?

Actually, I just checked with XBit Asia about 30 minutes ago, and the lowest sell price was only about 3% higher than the global average price I saw on Coinmarketcap.
Personally, I have not seen a 15% premium before.

One thing that crossed my mind is that maybe (just maybe) the prices in Malaysia are delayed and not as quick as the global average, hence when prices are dropping, the prices on Malaysian exchanges don't drop as fast, so you will be seeing a larger difference.

Another thing to note is that we should never use the global average as a true gauge for our own buy prices, that will just get you depressed and frustrated.
Most countries' prices fluctuate 3 - 5% above or below the global average prices anyway.

Just curious, how did you come to your decision on which side to root for?
I'm not really good at this technical debate between Core and Unlimited, and whatever else that is recently proposed.

Seems each has their own pros and cons, with valid points on each side.

Well, my personal opinion is: stay away from this writer's articles......they're complete garbage.

The fellow made up an imaginary friend in his head, had an imaginary conversation with his imaginary friend, and when this imaginary friend could not knowledgeably and convincingly explain bitcoin to him, he got angry with bitcoin.
It's just like when people who know nothing about cryptocurrencies, say that they are Ponzi schemes and money games.

Yes, that much is true.
I also cannot stand people on the opposite end of the spectrum, who are so gungho on cryptocurrencies, thinking it is the best invention since the wheel, and belittling other people who do not understand or do not agree with their views.

European based, been around for a few years, seems legit.
Haven't tried them before, though.

Was out of the scene for a few days, so did not quite follow this particular ICO news.
I read their overview, will need to read the whitepaper tonight, but at first glance, it seems very interesting, and I am thinking to go on board.
But, judging by what you mentioned about the lockout till August, we may yet see another dip in the cryptocurrency world, which would result in a lot of really cheap coins, including this PAY.
What would be the incentive to go in now, as opposed to going in later in August?
The only risk is that there is no correction, and the prices go exponential in August, so we are all left behind.
But looking at the scenario now, as it seems to me, a massive correction in August seems inevitable by now.

Yeah the limited edition card really caught my eye too.
But with only 750 left for the whole world, I seriously don't think I can get it.

You mentioned that you will be using the card as your primary daily use card.
With the volatility of cryptocurrencies these days, will you really pay for your daily purchases using cryptocurrencies?

Limited edition?
I thought you opted for the Founder edition?

Ah crap, now I'm at the crossroads.
I know it's miles better than Monaco and Tokencard (I didn't even bother with those) but I'm not sure if I want to risk 25 ETH which *maybe* could be bought at a cheaper price later.

But, with the ever increasing value of ETH (i.e. fiat is losing value when compared to ETH), I thought that using fiat as much as possible would mean that your payments are actually "cheaper" as time passes, compared with ETH.
If I paid 0.5 ETH for a pair of sneakers now, and ETH goes up in value by double within the next 3 months (for example), then effectively, I would have paid 1 ETH for those sneakers, i.e. if I didn't use my 0.5 ETH, they would have been worth 1 ETH then.
Or is my logic flawed somewhere?

But then again, hypothetically speaking, if you were to use that fiat to buy ETH at the beginning of the month, and assuming the value of ETH is on the uptrend on average (let's ignore the spot dips) then it means the "value" of that original fiat (which you used to buy ETH with) would have increased as well, until the day you need to use it to pay your bills, meaning you're using less ETH to pay your bill compared to what you would have needed at the beginning of the month.
Overly simplistic example, I know......just wanted to play the devil's advocate on a hypothetical situation.

Or let's say, to put it in another way......if you used 1 ETH to pay for a purchase today, while using the same amount of fiat to purchase 1 ETH, your financial position remains the same even if the price of ETH rises in future.

So, maybe WooTz has a point.
Now I understand......whales really do have a different kind of thinking from commoners like us......

Yes, but what I was thinking was that at the same time that you are spending bitcoins, you are also buying bitcoins.
Say, I figure that I need to spend 1 BTC this month, so I buy 1 BTC when my salary is out (example only......I wish my salary was high enough to let me buy 1 BTC every month).

That 10,000 BTC paid for those famous two pizzas sound incredibly expensive now, but if he had bought 10,000 BTC at that time to pay for the pizzas, he would still have that 10,000 BTC now, and the price he paid at that time was next to nothing.

The more I think about it, the more viable it is.

But......this is only workable if the general trend of cryptocurrencies is going up.

That's a good point and has been weighing on my mind as well.
Let's see if WooTz can share his views on this.

It's not really new, it's been around for some time.
Just that it was mostly trading on Chinese exchanges.
It's got a higher market cap than even MaidSafe.