Message from @Jacob
Discord ID: 497167414878928928
@ThisIsChris What do you think of taking advantage of pump and dump groups? I don't mean using them as intenteded, I mean figuring out the pattern that they cause.
For example, wait for the dump, and buy during or after the dump for cheap coins
Or sell during the pump
@Jacob That's not a bad idea, a guy named Timothy Sykes does this kind of thing with Penny Stocks which is almost the same thing, check it out: https://www.timothysykes.com/penny-stocking-101-how-to-get-started-with-penny-stocks-chapter-9/
Do not pump and dump. Do not buy penny stocks. Do not invest in things you do not understand. Do not gamble.
penny stocks are risky af
I'm not pumping and dumping
I would be doing the opposite
Taking advantage of the group
Don’t be so sure of your ability to know the timing of the up and the down.
“A fool and his money are soon parted.”
Being able to predict the moment some huge buyer sells seems very difficult.
Well, ya
I'm not just gonna throw my life savings into it after 5 minutes of research
No, no, I get you, just saying though.
Fair enough
do you trade or just do crypto?
so far I've just been buying and holding
I thought you were the guy that knew when the bottom happens and the top.
Yale University Invests In $400 Million Crypto Fund http://feedproxy.google.com/~r/zerohedge/feed/~3/CHSz5EnNPl4/yale-university-invests-400-million-crypto-fund
Does this mean anything?
I mean, it sounds like people see a promising future in crypto I guess
I thought they were sinking it, in part because of our movement. I don’t know if Yale is a good barometer, though.
from what I understand it's getting adopted everywhere, but I don't follow it that closely
best ask someone more cryptosavvy
^Using blockchain to fund startups
Nice
One somewhat concerning thing though: whenever I see in the news a major institution getting into blockchain technology, they don't go on to say they are actually getting into Bitcoin or any of the other cryptocurrencies that are already out there. Instead they are looking to use the ideas of blockchain technology but not neccessarily any particular implementation out there. That makes holding any particular cryptocurrency a risky(-er) proposition.
@ThisIsChris this article doesn’t talk about blockchain, it talks about the crypto currencies themselves.
That said, companies that talk about getting into blockchain often don’t understand the purpose of a blockchain and nothing ever comes of the project. Currency is one of very few applications where a blockchain is worthwhile.
Holding a particular crypto is the only sensible move, IMO.
@Tanner - SC nice! I missed that part, I skipped to the Fidelity Labs thing
Just because some people with money are throwing it at blockchain projects does not mean they will usurp the top crypto currencies. That’s placing far too much faith in figures of authority and far too little in the invention of bitcoin itself.
Explaining the BCH hard fork:
• “Bitcoin Unlimited” software developers are releasing a fix for the most **pressing** bottleneck in BCH’s transaction capacity
• “Bitcoin ABC” software developers are releasing a fix for the most **complex** bottleneck in BCH’s transaction capacity. One that won’t be experienced for more than a year from now. Doing it now because later on that will be near impossible.
https://youtu.be/7wSFlyG-TY0?t=1518
@Tanner - SC it seems straightforward to fork a blockchain, but is there any way to merge them?
@ThisIsChris No, hard forks are permanent. Once hard forked, different accounts have different balances of currency in them.