How to trade cryptos

This is a discussion on How to trade cryptos within the Cryptocurrencies forums, part of the Markets category; It seems such a roundabout method to buy IOTA. I mean one has to buy Ethereum ( or bitcoin) and ...

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Old Dec 13, 2017, 5:56pm   #17
 
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It seems such a roundabout method to buy IOTA. I mean one has to buy Ethereum ( or bitcoin) and then buy IOTA with your Ethereum coins.

Me - I am dithering. I am more impressed by IOTA than Bitcoin and it's cheaper but as Garvo says there are others using the new tech.

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Old Dec 14, 2017, 2:24pm   #18
 
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First, what would $100,000 bitcoin mean?

There are currently about 16.7 million bitcoins in circulation, so a $100,000 per-coin value implies a total valuation of $1.67 trillion for all bitcoins. This is certainly a large sum of money, but it isn't unattainable by any means.

For reference, the global money supply is estimated to be $84 trillion, and there is estimated to be $280 trillion of total wealth in the world. So if just 0.6% of all global wealth was stored in the form of bitcoin, it would translate to a $100,000 bitcoin price. This would be a big leap from the current value of bitcoin, but if the digital currency starts to gain serious traction, it's not outside the realm of possibilities.

With that in mind, here are four catalysts that could propel bitcoin from its current level of around $17,000 as of this writing to a six-figure price tag.
Source: Motley Fool

How to trade cryptos? Whitoutfear. There is much to win and far little to loose.
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Old Dec 14, 2017, 6:07pm   #19
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Based on Garvo's posts - as he appears to have a firm grasp on the topic - the obvious trade to take IMO is to short Bitcoin and go long Iota. That way one gets the relative safety of a pairs trade whilst having some exposure to crytpos. Disaster would only really strike if Bitcoin's bubble is a long way from bursting (and it continues to skyrocket) while Iota tanks. As for the mechanics of executing such a trade - I have no idea!
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Old Dec 14, 2017, 6:09pm   #20
 
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Quote:
Originally Posted by timsk View Post
Based on Garvo's posts - as he appears to have a firm grasp on the topic - the obvious trade to take IMO is to short Bitcoin and go long Iota. That way one gets the relative safety of a pairs trade whilst having some exposure to crytpos. Disaster would only really strike if Bitcoin's bubble is a long way from bursting (and it continues to skyrocket) while Iota tanks. As for the mechanics of executing such a trade - I have no idea!
Tim.
errrrrrrr yes maybe
I think I will sit it out.
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Old Dec 14, 2017, 6:28pm   #21
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Quote:
Originally Posted by timsk View Post
Based on Garvo's posts - as he appears to have a firm grasp on the topic - the obvious trade to take IMO is to short Bitcoin and go long Iota. That way one gets the relative safety of a pairs trade whilst having some exposure to crytpos. Disaster would only really strike if Bitcoin's bubble is a long way from bursting (and it continues to skyrocket) while Iota tanks. As for the mechanics of executing such a trade - I have no idea!
Tim.
No absolutely not. It's not possible to match and pairs trade different cryptos. I've seen plenty of instances where things just go off and others go off in a different direction, whilst others sit still and do nothing. This is not a correlated market space.

https://coinmarketcap.com/all/views/all/
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Old Dec 14, 2017, 6:59pm   #22
 
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Originally Posted by timsk View Post
Based on Garvo's posts - as he appears to have a firm grasp on the topic - the obvious trade to take IMO is to short Bitcoin and go long Iota. That way one gets the relative safety of a pairs trade whilst having some exposure to crytpos. Disaster would only really strike if Bitcoin's bubble is a long way from bursting (and it continues to skyrocket) while Iota tanks. As for the mechanics of executing such a trade - I have no idea!
Tim.
Indeed, in the long term I am with IOTA and my vision is more moderate about the cryptoassets that many involved.
Of course I have exposure to several cryptos, and start with bitcoin, but I found technology that is more compatible with my ideology.

You have to understand that bitcoin is a movement of cypherpunks that begins to germinate shortly after the crash of 2007-2008 and the bailouts that the central banks of the world executed.

It seems that few remember the monstrous that this crisis was, perhaps not because of its social impact but because of what it showed about the banking system.

In general terms we could say that bitcoin is nothing more than an application to replace centralized banking. In its origins it emerges as a peer to peer cash system and an anarcho-capitalist alternative to traditional banking.

This is mainly observed in the countries where the crisis was strongest: Greece, Cyprus, Spain, USA.

Soon, some begin to see the bitcoin not only as an application to replace but to destroy the entire FIAT system: this movement of survivors in the beginning fixed on metals and bet on the return of gold and silver and the disappearance of the dollar . They believed in bunkers, acquire firearms and the creation of anarchist communities, their greatest exponent is perhaps DollarVigilante.

Another current believes that hyperbitcoinization will come and considers that at one point a collapse like that of the Weimar Republic will be inevitable for banks. Although his way of thinking is radical, it seems only to focus on the economy. Many bitcoin owners on a large scale are willing to "hodl" their bitcoins until this happens.

Of course these two groups of people do not see bitcoin as an asset but as a means to a social revolution, they do not really have an interest in bitcoin neither as a means of monetary exchange nor as a store of value.

A third group considers bitcoin as a novel tool that eradicates all the economic problems of FIAT ... this group grew strong in 2013-2016 but began to be divided into two subgroups:

one that considers that bitcoin should be a medium of exchange
one that considers that the bitcoin will be a store of value -a kind-gold standard-

Currently there is a cleanup of sides and we do not know who will win yet. Personally I do not know if there will be hyperbitcoinization or if it will be the new gold standard.

But if I consider that this technology has revolutionized the way in which accounting is carried out. And this, in the future, will be the foundation of the IoT and eventually the Internet of Everything.

That's where IOTA comes in and this is where my thinking is, a conservative market of 20-30 trillion in the medium term -2-3 years- and much more in the long term.

However, as an exchange technology, cryptoassets could perfectly occupy those 100 trillion that exist in FIAT. I am not a fortune teller and I can not predict if it will be Bitcoin or Ether or Bitcoin Cash or DASH or Ripple. So my short-term exposure is varied but definitely focused more on the cryptos as a means of exchange -DASH, Bitcoin Cash, Monero, Litecoin, Ripple-. Anyway, if it turns out to be a gold standard, most of the rest of the crypto are exposed to bitcoin and not dollar.
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Old Dec 15, 2017, 1:48pm   #23
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Interesting replies - thanks everyone.

Surely the biggest challenge facing all cryptos is their shear complexity? I struggle to see any of them replacing good ol' lsd as my late mum used to call it. There's no way that the average wo/man in the street is going to get their heads around block chains, miners and tangles etc. and, if they don't have a basic understanding of what a bitcoin or Iota (or whatever) is, they'll never willingly adopt them. Consequently, cryptos will be niche currencies confined to the techie geek digital space. Based on Garvo's posts and the video links - I like the sound of Iota the best but, for the reaons given, I can't envision a time when I buy a round of drinks in the pub using it. Until a solution to this problem can be found, traditional paper currency is here to stay and it's for this reason that, IMO, the BoE, ECB and Federal Reserve etc. won't be worried anytime soon about the growth of cryptos.
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Old Dec 15, 2017, 5:32pm   #24
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Quote:
Originally Posted by timsk View Post
Interesting replies - thanks everyone.

Surely the biggest challenge facing all cryptos is their shear complexity? I struggle to see any of them replacing good ol' lsd as my late mum used to call it. There's no way that the average wo/man in the street is going to get their heads around block chains, miners and tangles etc. and, if they don't have a basic understanding of what a bitcoin or Iota (or whatever) is, they'll never willingly adopt them. Consequently, cryptos will be niche currencies confined to the techie geek digital space. Based on Garvo's posts and the video links - I like the sound of Iota the best but, for the reaons given, I can't envision a time when I buy a round of drinks in the pub using it. Until a solution to this problem can be found, traditional paper currency is here to stay and it's for this reason that, IMO, the BoE, ECB and Federal Reserve etc. won't be worried anytime soon about the growth of cryptos.
Tim.
That's how all none tec savvy oldies think including us, but the point is, the kids don't think like this. I think that's why cryptos will take off.
2018 is going to be awesome I recon.

As to BOE and Fed, the more people that begin to realise that they are being shafted by fiats, then opinions might shift. We do after all live in a Trump Brexit world.
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