From today's WSJ:
Prices for some of the most popular cryptocurrencies dropped sharply Monday. One apparent reason: an adjustment from a popular website on its digital-currency price quotes.
A website called coinmarketcap.com on Monday removed data from some South Korean exchanges from its price quotes for a range of virtual currencies including bitcoin, Ethereum and Ripple’s XRP. The move followed a South Korean government .
Agreed...all the way around.
It isnt the money or the risk, trading stocks and Forex is as or more risky than this...I just dont see the valuations and there hasnt been a dip which means the market is ripe for a major shakeout and maybe then I might be more motivated. I also am not 100% confident in funds being secure and liquid. That to me is the top issue, that the markets are unknown and unstable.
Also I am not looking to play around with 100 bucks or 500 bucks...to me that would take a MAJOR MAJOR lucky break (like has happened for many of course) so I would probably want to do 10k to 15k and try to make some sort of move, also I am not wanting to play dogecoin or some unknown names...to me what I am looking for is one that has a higher price, lower total market cap and maybe is a future mover, a big player...that to me is interesting. So looking at the list and not having really dug in yet what looks interesting to me are-
DASH
NEO
Monero
Bitcoin Gold
ZCash
REP
DCR
But then I have to find out more about them and if they are liquid and the story...it takes time that I am not having and I bet if I look up charts on these I am going to puke anyway seeing where they were 3 months ago...lol
I second ETH...it's held steady, even bumped up a few points, the last few days when everything was on a swing.
I do also own Ripple and very small BTC.
My kid, a crypto kid, is big on Monero, so I shall look there a bit.
This isn't going anywhere soon Wall, so do the due dilligence. It's a bit like the FANG or AMZN ride, you can almost get in any point and still make a few pennies.
Thats just pathetic....
I cant buy into moves like that, and to think the opportunities were there. I guess the only thing to try and do is try to look forward to what might be in the future and what isnt being seen now, or wait for some major poundage and hope for a second run after a shakeout.
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