Update from Block$$$ - BTC futures, HODL and moving funds into Fiat.

Google Block$$$
Dec 9, 2017 56 Comments

Hey guys. Bitcoin futures are supposed to come out soon.

We just saw the market go nuts with BTC inching real close to $20k. (And blowing past it on Korean exchanges)

*These are just my personal opinions and are not investment advice.

I’ve moved a 3rd of my portfolio into FIAT.

ICO markets are facing some cold winds ahead when BTC and ETH skyrocket like this. Investors want to Hodl instead of risk money into Tokens.

None of the Major exchanges are listing new tokens for a while until some clarity from regulators come.

I’ll be looking at opportunities to get into some of the bigger projects. Zcash, etc

I’m still hodl EOS.

I’m still hodl Stellar Lumens. Had a chance to meet Jed, their CEO recently. Felt like he has the team to challenge Ripple.

I’ll be investing in very select ICO’s if/when I feel like the team/project is solid and I have enough of a discount to offset potential downfalls. One idea worth considering is when ETH hits super high, people like to transfer into ICO’s. That way when ETH drops, the likelihood that that token price : ETH Ratio works in your favor goes up.

Major funds like blocktower and metastable have told me they’ve moved some funds into FIAT as well in anticipation of BTC drops.

Some other funds just hedge against by moving into BCH (Bitcoin Cash) a bit too risky for me personally.

Good luck!

#crypto
#blockchain

comments

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TOP 56 Comments
  • Uber / Eng
    trashBag

    Uber Eng

    BIO
    IlIIIllI
    trashBagmore
    Stop. Spreading. Bullshit.
    For the love of God. People are going to get hurt!
    What part of that do you not understand?

    Flag this post and all other nonsense OP puts up.
    Dec 9, 2017 9
    • Uber / Eng
      trashBag

      Uber Eng

      BIO
      IlIIIllI
      trashBagmore
      You all need to redefine investing. Investing is not the same as speculation, betting, gambling.

      One does not `invest` in currency. There may be a way to spin using currencies to hedge risk in an investment portfolio. But you really need to know what you're doing.

      When you say invest in currencies. Please clarify. Otherwise you're standing in very gray territory.

      Also, why would you 'invest' in currencies. Is there any currency pair that outperforms the stock market? How would that even be possible? Oh wait? Leverage? Yeah dude, you're gambling..
      Dec 9, 2017
    • Microsoft tztL03
      And the stock market is not gambling? You are an idiot. Stop typing.
      Dec 9, 2017
    • New / Eng zOcY81
      Agreed this Uber guy is an idiot. He is upset all of his passengers are making money on crypto. Do a couple surge trips and you'll get enough money to buy in, it's not too late.
      Dec 10, 2017
    • Microsoft vector3
      Yes, buy Uber stock instead lmao
      Dec 12, 2017
    • Twitch Fztc16
      ^ Uber and investing should never be in the same sentence.
      Dec 15, 2017
  • Flagged by the community.

    • Google Block$$$
      OP
      Can everybody flag this @Heewah
      Dec 9, 2017
    • Microsoft Heewah
      Flag the tulips?
      Dec 9, 2017
    • Uber / Eng
      trashBag

      Uber Eng

      BIO
      IlIIIllI
      trashBagmore
      Flag op for spreading BS
      Dec 9, 2017
  • Facebook ZucksDick
    Why did the market crash 20%
    Dec 9, 2017 5
    • Uber / Eng
      trashBag

      Uber Eng

      BIO
      IlIIIllI
      trashBagmore
      It'll crash 100%

      If you have to ask why you need to dig deeper.
      Dec 9, 2017
    • Google Block$$$
      OP
      Monday BTC futures FUD. Korean market regulation FUD.
      Dec 9, 2017
    • Gusto Wulfie
      Y’all are fools
      Dec 11, 2017
    • Gusto Wulfie
      20% is not a crash
      Dec 11, 2017
    • Gusto Wulfie
      Futures are a volatility suppression mechanism not a price depression mechanism. Volatility suppression makes the biggest bubbles.
      Dec 11, 2017
  • Postmates / Eng website
    Why are people misspelling "Hold"?
    Dec 10, 2017 2
  • Lyft zh7a9a
    OP - If I plan on HODL whatever crypto I buy for over a year, would you still consider BTC and EOS to be good? I'm inclined not to buy and sell quickly, so that I don't have to deal with lots of short term capital gains taxes.
    Dec 9, 2017 2
    • Google Block$$$
      OP
      Not sure about EOS for a year. A year is a long time in cryptoland. BTC for me if it long term hold.
      Dec 9, 2017
    • Lyft zh7a9a
      How long do you usually hold altcoins, then? Do you still find it worth the short term gains, even after taxes?
      Dec 10, 2017
  • Amazon / Eng Amazon.com
    How bout an updated pic of what the account is looking like now? 😊
    Dec 10, 2017 0
  • Plaid
    SeattleEng

    Plaid

    PRE
    Amazon
    SeattleEngmore
    Futures will put meaningful pricing pressure to reduce volatility and introduce real short-squeeze effects. The wild west is coming to an end for btc.
    Dec 9, 2017 0
  • Microsoft Cjeirmfj
    Why fiat?
    Dec 9, 2017 2
    • New / Eng zeep
      Cause you can buy stuff with it
      Dec 9, 2017
    • Google Block$$$
      OP
      When market crashes, you can buy in.
      Dec 9, 2017
  • Uber FJLN30
    Thoughts on pure fiat vs usdt?
    Dec 9, 2017 3
    • Google Block$$$
      OP
      I’d go fiat. USDT + Tether is sketch.
      Dec 9, 2017
    • New Zennely
      ^ definitely. Anything tying itself directly to usd and managing price changes it's kind of loopy. Leave alone the fact that if usdt ever got too big and utilized, the fed wouldn't stand by quietly to say the least.
      Dec 9, 2017
    • Google / Eng
      thisisdog

      Google Eng

      PRE
      Microsoft
      thisisdogmore
      Something very shady is going on with USDT (maybe involving Bitfinex, maybe not...but probably yes given they’ve got the same CEO). Stay away.
      Dec 9, 2017
  • Microsoft Heewah
    Yep but when I post 🌷🌷s to emphasize this point the fuctards on this thread flag it. I do feel bad for most people who will lose their shirts, but not y’all...🔚
    Dec 10, 2017 1
    • Uber / Eng
      trashBag

      Uber Eng

      BIO
      IlIIIllI
      trashBagmore
      :salute:
      Dec 11, 2017
  • Microsoft / Eng ShortBTC
    🌷
    Dec 9, 2017 1
    • Uber / Eng
      trashBag

      Uber Eng

      BIO
      IlIIIllI
      trashBagmore
      If I had the balls and capital, I'd short the fuck out of BTC.

      Totally enjoying this shitshow rn.
      Dec 9, 2017
  • Expedia / Eng 🚀 🏋🏅
    So ETH sell?
    Dec 9, 2017 0
  • Google / Eng gThanks
    Stellar Lumens has advisors from Stripe and positions itself as a non-profit focused on accessibility for poor people around the world. That tells me that "profitability" is always secondary for them. It's also run by Jed who founded MtGox and has a stink on him.

    How is it going to challenge Ripple when they're targeting different goals but with overlapping problem spaces (payment remittances etc.)?
    Dec 9, 2017 0
  • Microsoft Darknight1
    Thanks for your perspective, are you still long QASH per your last post?
    Dec 9, 2017 2
    • Google Block$$$
      OP
      Ah shit. I pinged mike but never had a chance to connect to them. I’ve not done too much digging into QASH but it’s very well received from what I’ve been hearing.
      Dec 9, 2017
    • Netflix Jwjif
      Heard some backchatter about shady token allocations. DYODD
      Dec 15, 2017
  • Nextdoor Jeff Bezel
    Also HODL here with EOS (because, Larimer), but do you see another potential bull trap with BTC or it even nearing 20k in the short term again?
    Dec 9, 2017 1
    • Uber / Eng
      trashBag

      Uber Eng

      BIO
      IlIIIllI
      trashBagmore
      You're delusional. You need help.
      Dec 9, 2017
  • Oracle l769als7
    Any advice on crypterium.io?
    Dec 10, 2017 0
  • Stripe / Eng KoolLaid
    What Fiat?
    Dec 12, 2017 2
    • Verathon / Eng
      naw

      Verathon Eng

      BIO
      💅 Seattle
      nawmore
      Yeah what is Fiat? USD?
      Dec 13, 2017
    • Google tcCd20
      It's currency with no intrinsic value ie not backed by gold. USD is one example.
      Google fiat currency for better explanation.
      Dec 14, 2017
  • Expedia miumr
    OP - what exchange and process did you use to move into fiat. I am concerned about scrutiny once you move to fiat.
    Dec 9, 2017 1
    • Uber / Eng
      trashBag

      Uber Eng

      BIO
      IlIIIllI
      trashBagmore
      By scrutiny you mean taxes? GLHF.
      Dec 9, 2017
  • eBay Lljh6537
    Hey block$$$ , thanks for the post. I gave into FOMO few days back and bought some BTC. Was expecting this to rise even more after futures begin. However, some say a big short might be coming up. Let’s see... few questions.

    1. I know it’s hard to predict but what’s your personal opinion on where BTC is going after futures begin?

    2. What’s the best way to get into the ICO game for a beginner (not to crypto but to ICOs). Any recommendations for meet ups in the Bay Area?
    Dec 9, 2017 1
    • Uber / Eng
      trashBag

      Uber Eng

      BIO
      IlIIIllI
      trashBagmore
      The short is already happening. Wake up! Don't get Burned
      Dec 9, 2017
  • Amazon / Eng hey&/$4$:$
    Guys, does anyone know how to create the wallet like the OP? Is there any website or app for that?
    Dec 20, 2017 0