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Topics - cryptothief

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Bitcoin Forum / Bitcoin Price - June 2018

« on: March 21, 2018, 01:50:13 AM »

It's been a tough few months for Bitcoin since the beginning of the year. Where do you see it going over the next couple of months? My money says it will be around $13,500. The market in general is still tied to the price of Bitcoin, so a rise in Bitcoin will see it move up overall. I am hoping within the next couple of years that the market will start to move independently, but the fact remains that (like it or lump it) Bitcoin rules the waves for the moment.

Cryptocurrency discussions / Panic and lose...

« on: March 20, 2018, 02:49:46 PM »

As heard shouted in Braveheart 'HOLD'. You don't win a battle by reacting early, even when it seems that everything is falling down around you. Use the opportunity to pick up more and bring down your average purchase price. Don't panic sell and end up regretting it later. If you do sell, make sure it is for the right reasons. There is nothing worse than selling and then seeing the investment rebound almost instantly. Hold your positions, which if the advice given to anyone investing - 'only invest what you can afford to lose' - is followed, then it should be a given.

Cryptocurrency discussions / Recovery Time?

« on: March 19, 2018, 10:38:33 PM »

Are we finally going to see fortunes reverse and an upturn in the market after over 2 months of moving further downwards? There has been hopeful signs before and then the market has dropped further. One thing is for sure, if you thought you had missed the boat on coins you were interested in a couple of months ago, there is no argument that you can get them at bargain prices now. If we can see an overall market recovery continue for the next month or so, then that will be a solid indication that the market is back on track. Another drop could mean Bitcoin dropping perilously close to the $5000 mark, and Ethereum back below $400. Even if that did happen, it would really only be a backstep of around 4 months. Watching the market closely.

Sorting Box / Cappasity

« on: March 18, 2018, 09:10:24 PM »

Cappasity was one of my best ICO performers up until recently, and even after the huge drop over the last couple of months, it is still way above my entry point in the first ICO. Currently they are running the second phase of the ICO, but it has been slightly confusing, especially as the price on the exchanges has been consistently cheaper than the price at ICO (currently around half the price - not taking into account bonus or airdrop statistics, but still, big difference). The ICO itself has, in my opinion, partly caused the drop in price.

Project wise they are creating an AR/VR ecosystem whereby content creators and developers are able to create, advertise and sell their product, and on the other side, those interested in buying the content can easily search for and buy the content. Utilising the blockchain to improve access, speed, copyright issues and security of transactions is an obvious benefit, and something that proves a genuine need that they are looking to fill. As an incentive for developers and content creators to get involved, they offer rewards in return for the best and most promising contributors. Developers also get the benefit of using the tools on the platform to create and embed the content, including software for 3D imaging, the JavaScript API, iOS/Android 3D capturing framework, SDK and plugins for Unity and Unreal, etc. (as per an interview last month with Kosta Popov - CEO).

There is no doubt, in my mind anyway, that this area is going to massively increase over the next few years and there will be plenty of competition for Cappasity to stay ahead of. Other projects have similar aims, but Cappasity seems to be more wide ranging, with the others concentrating on niche aspects of AR/VR. They have also got a headstart on their competitors by partnering with the New York Academy of Art, and another 30 US educational institutions planning to utilize the platform in 2018. Another huge coup was the tie up with Alibaba, a massive boost to tackling the Chinese market, especially as China has the largest e-commerce market in the world. More recently they have secured a $2.5 million investment from Decema, including assistance with digital marketing and user acquisition, a key factor in building brand awareness.

They have already released an app on iOS, allowing anyone to make 3D images of objects wherever they are, without the need for complicated and/or expensive equipment (unless you count the phone used to take the pictures!). Later in 2018, they plan to release "free plugins for Unity and Unreal Engine so that anyone could easily integrate content from the Cappasity platform". The team behind the project seems to have extensive experience in both the 3D technology field and in blockchain (individual team and advisor details are all available on the website).

In conclusion, I will be holding my investment in Cappasity; and although I will probably not be investing in the second phase of the ICO, I will definitely be looking to pick up more on the open market.

NB. Most of the information above was sourced from the Cappasity website and social media channels, aside from my personal comments.

Cryptocurrency discussions / ICO Review Sites

« on: March 18, 2018, 08:54:57 PM »

I use a number of different review sites to find ICOs that I find interesting. The ones I have found to be most useful are the following.

https://icobench.com/

A useful site, with an added 'expert review' on most projects. These reviews are helpful, but should be taken with a pinch of salt as the definition of expert can be fairly loose (they do operate a weighting system which balances the reviews slightly). Filters on offer here are great, you can select based on category, restricted areas, documentation required, accepted currencies, platform and more. More involved info available once clicking on the project. Ratings calculated from the expert reviews and based on ICO profile, team, vision and product.

https://foundico.com/

Another decent site with some helpful filters (category, country and platform), as well as the usual ongoing, upcoming, past and an additional scam option. Sponsored links at the top (standard for all the ICO review sites), easy to navigate to projects you are interested in. Both pre-ICO and ICOs listed, plus a percentage completion count to the end date of the ICO. Rated on main info, finance, product, team and marketing. Also have a section to check on performance of completed ICOs.

https://icodrops.com/

Popular ICO review site, with an active whitelist addition (direct link to join the whitelist of projects listed). Keeps a running total of projects' funds raised against target figure as an indicator for popularity. Organised by finish time (for ongoing ICOs) and start time (for upcoming ICOs), helpful if you like to see progress and don't want to wait around for projects, or if you want to get in early when bonuses are likely to be higher. Rating system slightly different to other sites, focus on hype, risk and ROI (return on investment). Not sure how these ratings are calculated, presumably by site team, who then give an overall score.

There are loads more sites out there, but these are the three I currently find to be most helpful. Any other recommendations?

Cryptocurrency Trading / Averaging Down - don't panic when the market drops

« on: March 18, 2018, 08:49:44 PM »

When I first started to invest I used to panic whenever the market dropped by a few dollars, now I've started to enjoy the drops. It provides an ideal opportunity to average down, something I really should have learned about earlier, but glad I did eventually. For those who don't know what 'averaging down' is, it is buying more coins (in this example anyway, but works in exactly the same way with regular stocks) when the price drops to bring down your average buying price, therefore lowering the price at which you can cash in a profit. Using Bitcoin as an example...

1. Bought 1 BTC at $18,000 back in January (aaaarrrgggghh, unlucky...)
2. Price of Bitcoin drops to $9,000 (aaaarrrggghhh, why me...) - your $18,000 of Bitcoin is now only worth $9,000 and you cannot make any profit until it gets back above $18,000 - or can you??
3. Buy 1 BTC at $9,000 (clever, buy the sh*t out of that dip) - your average price paid for 1 BTC is now 'only' $13,500
4. Cash in profit at any point above $13,500 (champagne corks popping)

Obviously there are additional factors to work into this, as it would normally be worth making more than one extra purchase as the price drops to get a better average and to cover any sudden bounces back up, but it definitely makes market drops easier to swallow. It also emphasises the need to not put all your eggs in one basket and make sure you have the funds to buy 'if' (translates in cryptospeak as 'when') the market falls. Deciding when you make these averaging down purchases is the key, as no-one has unlimited funds to keep buying more if the market keeps dropping, but plenty of research and use of technical analysis will go a long way to helping pick out buy points.

Bitcoin Forum / Bitcoin - Highs and Lows Predictable?

« on: March 18, 2018, 08:48:05 PM »

I was just looking through the historical prices of Bitcoin on bitcoin.com (https://charts.bitcoin.com/chart/price) and noticed that the high points and low points seem to be (give or take a bit) fairly predictable. The highest price of Bitcoin each year always seems to be towards the end of the year, normally December; and the lowest price always seems to be at the beginning of the year, normally January. Obviously throughout the year there is plenty of market movement up and down, and some periods may over or under run slightly, but as a general pattern, it's an eye opener.

2010 -

Low - No real action on the price until July, when it jumped from virtually nothing to about $0.09. Therefore lowest price January to June.
High - Hit $0.35 in November

Percentage rise from lowest to highest point almost 300%

2011 -

Low - Started the year at around $0.30
High - Hit $29 in June

Percentage rise from lowest to highest point almost 10,000%

2012 -

Low - Dropped to around $4 in February
High - Rose to just under $14 by December

Percentage rise from lowest to highest point around 250%

2013 -

Low - Carried on from December at around $13 in January
High - Huge rise up to over $1100 by November

Percentage rise from lowest to highest point almost 8,500%

2014 -

Low - Low point right at the end of the year, when it dropped to just over $300
High - Hit it's high right at the beginning of the year in January at around $950 before immediately dropping like a stone

Percentage rise from lowest to highest point just over 200% (pretty irrelevant this one, as the high was in January and the low in December, so would show a loss unless trading throughout the year)

2015 -

Low - Didn't drop too much lower than December 2014, and was at around $190 in January
High - Crept up to $460 by December

Percentage rise from lowest to highest point almost 150%

2016 -

Low - Standard January drop to about $370
High - Steadily moved up, roller coaster style, to almost $1000 in December

Percentage rise from lowest to highest point just over 150%

2017 -

Low - Just under $800 in January
High - Around $20,000 in December before...

Percentage rise from lowest to highest point almost 2500%

-----------------------------------------------------------

None of this really means anything I guess, but interesting nonetheless.

Another random fact, August 2013 was the last time you could buy a Bitcoin for less than $100. And hopefully that won't be changing anytime soon.

Cryptocurrency discussions / Interesting March ICOs

« on: March 18, 2018, 08:46:19 PM »

So many ICOs every month, so I've narrowed down the ones (in no particular order) that I will at the very least watching, and hopefully dropping a few satoshis in each...

1. www.effect.ai

Released on the NEO blockchain, it is attempting to bring online A.I. micro tasks to the masses, with fair payment for services and instant access to workers for businesses. Although there are already a few similar services, the Effect network has lofty ambitions over the next few years, and I can see it surviving and thriving. The whitelist is open and ICO planned for March, exact date still to be announced.

2. www.auctus.org

A retirement plan platform utilising crypto and traditional assets. First one I've seen in this category and think it is an ideal area to move into as everyone either has, wants or needs a pension. Transparent with predictions and portfolio suggestions, you only pay for the 'robo-advisor' for periods in which it's predictions were correct. Whitelist is open and ICO starts on 27th March.

3. www.coinve.st

Attempting to create a decentralized cryptocurrency investment trading market. Create a virtual portfolio and build rewards with every trade made. Build a portfolio worth following and you'll get 50% of the trading fee revenue from anyone investing in your personal index fund. Seems like a fun and relatively inexpensive way to get started, and for more experienced traders, a genuine opportunity to earn. Registration available on site and the ICO starts on 9th March.

Feel free to slam my selections, but if you do, let me know what else is worth watching. No referral links here, just looking for projects I am interested in.

Cryptocurrency discussions / Recent Drop in ICO Investment

« on: March 18, 2018, 08:45:01 PM »

According to ICObench (https://icobench.com/stats), investments in ICOs were over 1.5bn in December, around 1.1bn in January and less than 200m in February (although this will no doubt increase by the time the full statistics are calculated, it seems that it will still fall considerably below the previous two months).

Average per project for previous 12 months (Amount raised/Number of ICOs)

March 2017 - 5.85m
April 2017 - 6.41m
May 2017 - 11.44m
June 2017 - 27.29m
July 2017 - 14.03m
August 2017 - 5.77m
September 2017 - 11.38m
October 2017 - 7.22m
November 2017 - 5.90m
December 2017 - 7.93m
January 2018 - 7.55m
February 2018 (ongoing) - 1.48m

In my humble opinion, this drop can be accounted for because of 3 reasons.

1. People were hoping to use profits from other investments to invest in further ICOs, then the market dropped & tied them in since.

2. Crash slowed down investment from newcomers to the market, scaring off people who were looking to make quick returns.

3. Number of quality projects on offer; there has been a huge increase overall in the number of ICOs, not all of which have the same level of ambition/innovation (to put it nicely)

I'm sure there are other mitigating factors, but I believe these three reasons definitely played a major part in the drop. Looking forward to a market recovery over next couple of months, and hopefully moving towards new all time highs by year end.

Crypto currency Mining / How to find the most profitable coins to mine?

« on: February 27, 2018, 05:09:26 AM »

Looking to get into mining, and am trying to find out the most profitable way to do it. I have already established that Bitcoin is out of my league, but searching for the quickest ROI. I realise it changes over time, so is there somewhere I can find regular updates of the best coins to mine?

General Discussion / Blockchain Gambling - Invest or Gamble?

« on: February 27, 2018, 04:23:35 AM »

I have noticed that there are an increasing number of blockchain based gambling ICOs popping up, all saying they are going to take over the market. Are any of them actually any good for either investing in or gambling on? Anyone with any experience of either? I definitely see the benefits for people gambling on their platforms in terms of transparency and reduced house advantage, but there's just so many of them. Think I've seen about 10 in the last couple of weeks alone, and that's not including ones that are already operating. I invested in one ages ago, not going to bother saying which one, it has done nothing for me, but I didn't invest a lot, so just going to keep it and see - throw the dice I believe the saying goes.

These are the ones I have heard of (some already operating, some in ongoing or upcoming ICO stage)

Wagerr
Gron Digital
Smartbillions
Gamblica
BetterBetting
Funfair
Dao Casino
Herocoin
Sp8de
RealCasino
MindSports
Cash Poker Pro
Peerplays

Are any of these worth investing in (or gambling on), and are there other ones that might be worth a look?

Thanks.

Referral Links / Sign Up Bonuses - a few worth doing

« on: February 27, 2018, 04:21:30 AM »

Here are a few referral links where you can earn coins by registering your details:

http://No link shortners - please include original link/my10dollars

http://No link shortners - please include original link/swiftservices

http://No link shortners - please include original link/prisonbreak2018

I will add more later.

Bitcoin Forum / Buying Real Estate with Bitcoin - Would you do it?

« on: February 27, 2018, 04:06:59 AM »

Hagan Homes, a reputable real estate developer in Northern Ireland has just announced that they will accept Bitcoin transactions as payment for new homes (http://www.haganhomes.co.uk/-media/hagan-homes-to-accept-bitcoin-payment-for-new-homes-122).

With more and more real estate developers accepting cryptocurrency as a form of payment, is it a sign that the wider market is accepting that the transition is happening? Property seems like a sensible move in terms of using Bitcoin as the higher item value means that the fees should become less of an issue than with smaller purchases, which have been priced out for a long time as investors tend to hold onto it. Obviously there would be the tax implications depending on which part of the world you are looking to purchase, but overall it should be a way to move some of that profit into brick and mortar.

Anyway, a positive move in my opinion.

Cryptocurrency Trading / Trading Bots - are they worth buying?

« on: February 27, 2018, 04:04:53 AM »

I've been looking at trading bots and debating whether to invest in one. What would be the minimum amount I should start off trading to make it worthwhile, as they all seem to cost at least a few hundred dollars? Does anyone use any that they would recommend? Or would it be better to get involved with a trading pool or a signals channel?

I am inclined to think that it is better to concentrate on manual trading and continue doing research for the foreseeable future, but just wondered if anyone had any success using bots.

Bounties & Rewards [BOUNTY] / Running a Decent Bounty - My 2 Satoshis

« on: February 27, 2018, 04:00:39 AM »

I have participated in a few bounties and ignored lots of others because they did not seem to have enough information available on the project. Here are some points I would consider.

1. Put a limit on the number of participants related to the amount of tokens you are planning to give away.
2. Do not allow multiple same day posts for social media bounties, firstly this makes it too easy to be manipulated and secondly it will not attract the expected interest in the project as posts will all seem like spam.
3. Link rewards to performance, i.e. video/article views, interactions on social media posts, constructive feedback in media channels regarding project etc.
4. Try to restrict geographical dominance by participants to ensure your project gets interest internationally.
5. Give extra bonus to participants who take part in the ICO itself (or their referrals do), this will encourage genuine interest in the project.
6. All entries should be checked to ensure compliance, so ensure you have the workforce capable to do this (or outsource it).
7. Award tiered rewards for joining the Telegram channels/groups, it's too easy just to join a group and then ignore it for the rest of the bounty period. Make a minimum requirement of maybe one post a week to combat this, with increased awards for more active members.
8. Telegram is a very useful tool and can build a community quickly, but can also be filled with spammers and bounty chasers very quickly, drowning out any 'real' questions that community members want to ask. Set up a separate bounty channel and instantly ban anyone that asks bounty/airdrop questions in your community channels.

I am sure there are many more ways to ensure a successful bounty campaign, these are just a few that I have picked up along the way. Good luck.