4 ms·

what is a better way to decide on buy/sell signals for cryptos in your opinion? Genuinely curious.

ceejayoz 9y ago
If you're willing to gamble, buy and keep buying, and hope it doesn't crash. If you're not willing to gamble, go by an index fund instead. Anyone who thinks they can figure out buy/sell signals for cryptos right now is a lunatic.
dna_polymerase 9y ago
1. Buy coins. 2. Shut the fuck up about "signals" and "trading" 3. Build cool apps around the crypto ecosystem 4. See more and more people using cryptocurrencies 5. profit
- oldsklgdfth 9y ago
  What kind of apps can be built in the crypto ecosystem?
  - SCHiM 9y ago
    The illegal kinds that have high demand, like darknet markets.
  - paxpelus 9y ago
    All kind of apps that can be built utilizing the power of fiat currency. Example 1: I can build a blog and start accepting donations in cryptocurrencies - same goes for online games etc. Example 2: I can utilize the blockchain to proof authenticity of a document, image, sound, will, legal document etc. Example 3: Filecoin, Siacoin, Storj - P2P file hosting Example 4: Aragon - Decentralized trust-less companies - Test their alpha version - it seems the solution on the governance of open source apps Example 5: Decentralized exchanges - check etherdelta. The above are just really basic examples - we are still in a really premature phase. The whole point of cryptocurrencies is that I can trust and exchange labor, money or whatever with anyone worldwide without me even knowing them. The worldwide economic crashes were the result of people trusting 3rd parties such as banks, investment firms etc. This problem can be solved.
  - thephyber 9y ago
    "21" has a framework to assist it and a handful of developers have already built apps: https://21.co/mkt/ https://21.co/mkt/
  - alexmat 9y ago
    I think it will be big for virtual gaming assets: https://spellsofgenesis.com/ https://spellsofgenesis.com/ and https://www.ageofrust.games/ https://www.ageofrust.games/
- deleted 9y ago
  [deleted]
paxpelus 9y ago
Buy when everyone is selling like a maniac and cross your fingers. You should not invest what you cannot afford to lose. High risk - high gain...
louprado 9y ago
By figuring out how to manipulate the market or by deanonymizing the accounts of influencers (e.g., Chinese regulator or proxy) and following their trades. But that's a lot of work and may prove impossible. Even better, use the dollar cost average approach to buy and don't sell unless you are using it as a currency. The world needs a digital currency now but the volatility is preventing that from happening.

If you're willing to gamble, buy and keep buying, and hope it doesn't crash. If you're not willing to gamble, go by an index fund instead. Anyone who thinks they can figure out buy/sell signals for cryptos right now is a lunatic.

dna_polymerase 9y ago

1. Buy coins. 2. Shut the fuck up about "signals" and "trading" 3. Build cool apps around the crypto ecosystem 4. See more and more people using cryptocurrencies 5. profit

oldsklgdfth 9y ago
What kind of apps can be built in the crypto ecosystem?
- SCHiM 9y ago
  The illegal kinds that have high demand, like darknet markets.
- paxpelus 9y ago
  All kind of apps that can be built utilizing the power of fiat currency. Example 1: I can build a blog and start accepting donations in cryptocurrencies - same goes for online games etc. Example 2: I can utilize the blockchain to proof authenticity of a document, image, sound, will, legal document etc. Example 3: Filecoin, Siacoin, Storj - P2P file hosting Example 4: Aragon - Decentralized trust-less companies - Test their alpha version - it seems the solution on the governance of open source apps Example 5: Decentralized exchanges - check etherdelta. The above are just really basic examples - we are still in a really premature phase. The whole point of cryptocurrencies is that I can trust and exchange labor, money or whatever with anyone worldwide without me even knowing them. The worldwide economic crashes were the result of people trusting 3rd parties such as banks, investment firms etc. This problem can be solved.
- thephyber 9y ago
  "21" has a framework to assist it and a handful of developers have already built apps: https://21.co/mkt/ https://21.co/mkt/
- alexmat 9y ago
  I think it will be big for virtual gaming assets: https://spellsofgenesis.com/ https://spellsofgenesis.com/ and https://www.ageofrust.games/ https://www.ageofrust.games/
deleted 9y ago
[deleted]

paxpelus 9y ago

Buy when everyone is selling like a maniac and cross your fingers. You should not invest what you cannot afford to lose. High risk - high gain...

louprado 9y ago

By figuring out how to manipulate the market or by deanonymizing the accounts of influencers (e.g., Chinese regulator or proxy) and following their trades. But that's a lot of work and may prove impossible. Even better, use the dollar cost average approach to buy and don't sell unless you are using it as a currency. The world needs a digital currency now but the volatility is preventing that from happening.