Last week I had two separate conversations with two friends who asked what I was doing these days, so I told them I was blogging and trading crypto currencies. They both said the same thing, “That sounds risky.”
I didn’t say anything at the time, but later I thought what I should have said was it’s not risky, it’s impossible, unless God reveals what to do. Thank God He is making the impossible possible by His Spirit. With so many crypto currencies and many of them making huge moves up and down, we must have His help.
During my prayer time a few days ago, I heard the Lord say to me, “Litecoin.”
At the time, I did not have any, so I sold some of what I had to get some. This past week, the price moved horizontally within a narrow range, but as shown by the green line in the graph below, it is now intersecting with an upward trend line.
We’ll soon find out if this trend line holds, but the price started moving up today right on cue, so I believe Litecoin will soon be moving up.
What I heard has been confirmed by many others. For example, on Jan 7, Z3 News Contributor Phanuel shared this comment.
The Lord told me yesterday “you need more Litecoin “ … so I added more. I looked at the chart….$1000 and above on this next move. It confirmed the prophetic word. Recall the word of the Lord came to me, “Set up and Launch Cob, also Litecoin” (like Houston, go for Launch)
Well, Phanuel was right about Cob as it soared upward during the past couple of weeks and I believe he’ll be proven right about Litecoin too. The same day, Z3 News Contributor Christopher Harris shared the following comment.
When I asked the Lord what to sell ETN into I was given Litecoin twice in one night, one my friend in a dream told me to sell into Litecoin and I heard a voice say the same in that night.
On January 6, Z3 News Contributor Casey Toda shared the following comment.
I feel strongly that the Lord wanted me to get rid of my Ripple holdings and move into a core position in Litecoin (LTC). I feel LTC is going to move.
On December 30, Moses shared this comment, “Even this prophetess who is negative on cryptocurrencies was shown litecoin going to $2800.”
On December 13, Maria Conwell shared this comment.
God told me to buy Litecoin and that bitcoin would be worthless (revealed in September, shared and posted on a different forum). I had the blessing of the Lord taking those LTC and He pumped the price right on my Birthday December 9th) woohoo what a nice Birthday present! Took my little and made it into so much from it. Ha ha, hope you all are loving this too. God has a plan and we are a part of it, gives me chills. Wow XXOO to God and His people.
There are rumors about a possible announcement from Amazon.com accepting payments using Litecoin, but I don’t know about that. Whatever it is, I believe something will cause it to move up.
Prophetic insights are often partial information such as prices with no dates, so this information is provided for educational purposes and is not a recommendation for investing.
Author: James Bailey
James Bailey is a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.
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To everything there is a season, and this is the season of gathering. When the Lord was raining manna from Heaven, I am sure that it was so exciting that it was the talk of the town. The women probably shared tips on how to prep it, what it tasted like, who was foolish enough to take more than they needed, how horrible it looked when it spoiled, and warning others not to make the mistake they made. That’s part of community living and loving. This is that season, the manna is falling. It’s novel and exciting and the talk can’t be contained. The joys of revelations coming to pass are intermingled with the quizzical asking the knowledgeable ones for tips on how to navigate this new world. This is a community that wants to share blessings with others. Those investors who are called to lead will succeed abundantly when following the Lords leading and leaping out in faith. They will be the 10 talent folk. They are the leaders, movers, shakers, and teachers. The 5s will take a giant leap of faith as their risk is greater, and follow their tips and do well, too. They will be prepared for whatever comes their way and help others, too. I just don’t want anyone to not take a leap of faith if he’s given at least a spare talent. I feel like this information shared could be that 1 talent. Did not the Lord say, “My people perish for lack of knowledge?” I am so appreciative of this knowledge. I imagine maybe a few Israelites refused to even try the manna and started to starve. But watching others enjoy and thrive on it probably made them brave enough to try it and live., How could so many Godly people be… Read more »
Thanks for another encouraging and well written post Carolanne.
you can get free coins here: http://faucetdump.com/
just make sure you choose a faucet that deposits straight into your wallet. Under ‘payout method’ it will say ‘direct’. Then you just paste your appropriate wallet receive address in and click the ‘I am not a robot ‘ thing. I left out the bitcoin as they required you to register and I have no time, but got litecoin, reddcoin and ethereum free.
The mining thing is beyond me.
blessings
You sure this not a way to hack our wallets?
Thanks for sharing this Christine.
Who would give away coins like this to anyone who wanted them? I can see a Christian setting this up for God’s people who are in need, but because this is open to just anyone causes me to scratch my head and wonder what is going on here….
I would never have gained so much knowledge about many many spiritual and practical things without your site, James, so a humble thanks to you.
It amazes me how beautiful the female authors can perfectly describe the actions and attitudes that are happening on Z3. It truly brings rest and peace to my soul. Thank you for putting things into a Godly perspective. You truly are a peacemaker.
God Bless
such wisdom! Thank you!
James,
it’s not risky, it’s impossible, unless God reveals what to do. Thank God He is making the impossible possible.
Awesome words brother.
He has already made the impossible possible and I pray for everyone one here who have felt a calling to be part of this that he would make the impossible possible for you too.
Thanks Ed.
COB on sale at the moment. A good time to add some.
Now I can see why I was told to “Hold On” when I had the dream of 3 different huge waves coming over me a few weeks ago. I’m not sure which wave we are in, but I feel complete peace, knowing God has us in the palm of His hand, and He will never leave us, nor forsake us. I believe when these markets find the bottom, they will come back with a vengeance to new ATH’s.
EarsToHear:
Do you believe that we are to hold during all three waves?
Moses, that is what I’m doing at this time, because I know all the prophetic numbers (prices), that The Lord gave us on certain crypto’s will be fulfilled. This is what I believe I’m to do, I’m not making a recommendation for others, I would ask The Lord, what he would specifically have one do. I do feel peace about riding this out. The Lord has been speaking to me about walking in “Faith”, not in fear, and that goes for every area of our lives. These scriptures The Lord has given me, this is not just for my situation in crypto’s, but pertains to every area of my life.
Exodus 14:13 “13 But Moses said to the people, “Do not fear! Stand by and see the salvation of the LORD which He will accomplish for you today; for the Egyptians whom you have seen today, you will never see them again forever. 14 “The LORD will fight for you while you keep silent.”…
Psalm 46:10 “10 Be still, and know that I am God: I will be exalted among the heathen, I will be exalted in the earth.”
2 Chronicles: 17 “You need not fight in this battle; station yourselves, stand and see the salvation of the LORD on your behalf, O Judah and Jerusalem.’ Do not fear or be dismayed; tomorrow go out to face them, for the LORD is with you.”
God bless.
This is a word for you for 2018 from the Lord via His servant the prophet Sadhu Sundar Selvaraj.
Isaiah 49:17 Your sons shall make haste; your destroyers and those who laid you waste shall go away from you.
God is going to come as the Rebuilder in your lives; to rebuild broken marriages; rebuild broken careers; rebuild broken lives; rebuild broken churches; rebuild broken ministries; rebuild broken self-esteem. He is going to rebuild you again!
Lost wealth will be restored back to you. Lost property will be restored back to you. The good name you lost – the good reputation you lost – will be restored back to you. The health that you lost will be restored back to you. Hallelujah!
‘The sons’ are the rebuilders. You are a ‘son’. Let God rebuild you. Forget your past. God is rebuilding you. The old you is gone. The new you has come – quickly!
The destroyers, and those who laid you waste, will leave your life. Hallelujah!
Believe in the Lord your God, and you will be well established; believe the Lord’s prophets, and you will prosper. (2 Chronicles 20:25) PROSPER IN 2018!
Summary written by graceaukland.nz
Listen to the prophetic word at https://m.youtube.com/watch?v=rjcAAZj1zNU
Amen Marnie, I love prophet Sadhu Sundar Selvaraj, he is a true genuine prophet of The Lord.
Hi all, Just some encouragement for those battling fear. No one here has lost money even if BTC falls to 7k or 2k unless we sell and lock in a loss. The path to the new highs that everyone has been seeing is really irrelevant. We just stay the course and exercise faith and stay close to God during these times of testing. The only thing that appears “lost” in sell downs like these is the opportunity cost of not having bought cheaper or not having taken profits and re-bought again. To me this is greed and not the path God has placed me on. God can deliver a 1,000 fold return on a coin by simply asking us to hold it and another 1,000 fold return after that if He so chooses. He does not require us to fret over every twist and turn and to try to sell every top and buy every bottom. If you were successful in doing that it would look like insider trading and you would probably attract all sorts of unwanted attention. You would also quickly have a multitude of followers including unbelievers making money off your insights despite having no personal faith in God at all. If we try to outperform His 1,000 fold return by timing this market it’s very likely we will experience a strong rally at some point after having sold. That fear is far greater than this fear as we are now faced with potentially missing out on His promise. Our only role in this journey is humbly exercising our faith and trusting in God. We should expect that the bigger the promised reward the bigger the challenge will be to our faith. That’s our “work” in receiving these rewards. If we made no losses along the way… Read more »
Julz:
I am go glad you are on this blog. What you wrote will help those overwhelmed with fear. I already learned a lesson to not sell when I look back at the first Chinese crackdown and how I sold all kinds of coins at that time. I regret that now as I look back on the value I could have had if I had just held onto the coins I had at that time. I am not going to make that same mistake again, especially when I know the prophetic words that we have about the price level of some of these coins in the future. We can hold onto the prophetic words in the midst of some short term turmoil and know the crypto future will be bright when we finally do sell at the tops we have been given by prophetic words.
I am not worried.
Blessings, MOSES
Love that we are all sharing and learning from one another. Phanuel also made an excellent point that it’s possible if we sell off at a top, and plan on buying back at a low/ crash (with the anticipation of the larger prophesied return yet to come) the exchanges will suddenly “pause / shut down/ lock users out” and we wouldn’t be able to buy back during that crash. Something to consider, pray about and get confirmation from the Lord before doing anything.
Well done everyone for holding on, nice recovery already.
Appreciate the kind words, will let you know if my son has more insights on timing or coins. He did mention waves coin to me the other day and then I noticed Phanuel also had a word about waves so I own some of these now too.
Julz,
Great words of wisdom brother.
Julz:
Perhaps we can look to your ten year old son for big timing predictions in the future? I believe there is a time in the future when most of the revelation top prices for the coins will all be fulfilled together? It would be good to have the pure mind of your son who is not influenced by a lot of negative chatter and crypto market charts etc., to get a true timing word of the Lord to sell and get out of this market?
MOSES
Words of wisdom. All so very true. Thanks for writing this Julz.
Agreed. When He moves, I move. If He is still, I am still.
My entire life until 3.5 years ago I was completely LOST, the very definition of LUKEWARM. People like me are the hardest to reach because I didn’t realize I was lost. Because of this I continuously pray for direction and I want to ensure that I stay on the right path. I am a prodigal son that deserves NOTHING but has been blessed by the Lord. I felt lead last night to read the parable of the talents because that was my prayer many times after I moved my money out of the market and it set in a “Safe” non-invested “Buried” bank account. I said Lord I moved out now I feel like the servant who has buried his talent. The following is quoted from the Got Questions website. Question: “What is the meaning of the Parable of the Talents?” Answer: Matthew, in chapters 24-25, records the Lord’s heart of compassion and love mingled with unwavering holiness. This section of Scripture, including the Parable of the Talents, constitutes final warnings, prophecies, and encouragements to His people Israel prior to His departure. He, who is their Lord, is leaving for an undisclosed period. He is delegating to them the responsibility, as stewards, to care for His kingdom. The Parable of the Talents, Matthew 25:14-30, impresses on them the weight of that responsibility and the profound consequences of neglecting to understand and apply His instructions. There is also a message to all mankind. If the talents are talents of gold, the value of what the master entrusted to the stewards would be immensely high, in the millions of dollars. Since the Lord uses only the term “talents” we must make some assumptions, but it seems reasonable to assume that the owner of the talents, the man traveling into a far country,… Read more »
Todd, thanks for sharing Christ’s message of investing what God has given us for His purpose and not be fearful and unfaithful to His clear instructions.
My pleasure. I was shocked to see the word “trading” and I had no idea it related to end times. God is good to rest our anxiety and worry.
We have to listen to Him and not everyone else when making decisions. Fear and uncertainty is the enemy. Thanks for your message Todd.
Jesse
Hi all – I was a regular “commenter” a couple of years ago in the Spring when many of us (including me) believed the market was topping and preparing to crash. Since then, I have still checked in from time to time to see what was on the website and am grateful for the articles and information that James and all of you continue to provide. The Lord highlighted cryptos for me in November. Unfortunately, I got into some of the major coins like Bitcoin toward the top but believing that it will recover. As many of you have stated, I will be shifting more to Litecoin and Ethereum once I hopefully get back in the green on Bitcoin. Back in November, through a variety of sources the Lord highlighted Stellar Lumens and Electroneum to me. I was very excited to see the Z3 community talking about both of those which I saw as confirmation. Stratis is another one I am feeling led to keep my eye on. Finally, and none of what I say is meant as trading advice, but HIVE technologies is one blockchain stock that I feel strongly the Lord may have highlighted for me. When it first debuted a few months ago, it shot up over $5, today it trades for just over $2. Good to be re-engaged with you all!
Welcome back Joseph and thanks for sharing the confirmations on Stellar Lumens and Electroneum.
James,
I wanted to say thanks for posting Crypto news every few days. I hope you consider to keep up an investing portion every few days. Money management is a big portion of our daily lives.
Yes sir, good to be back! Always thought a lot of you and what you do – grateful for your ministry!
Welcome back Joseph, although I was not on this blog until recently. You said something I want you to respond to. You said about yourself and this blog: “I was a regular “commenter” a couple of years ago in the Spring when many of us (including me) believed the market was topping and preparing to crash.” Did you find out that the market you are talking about went up instead of crashing?
Good question Moses. Yes, many of us, and I believe this was in the Spring about 3 years ago, believed at that time that a stock market crash was imminent. Of course, it didn’t happen, and we know that the timing of the fulfillment of prophecy can often be very difficult to nail down. Many of us suffered losses from UVXY and FAZ investments but personally I believe the Lord is restoring those losses now through the cryptos. Even Peter Temple whom many of us were following was calling for a crash. I have continued to follow Peter since then and ironically his analysis once again is signaling a crash now. Difficult to know which expert to listen to when so many are calling for a “melt up” rather than a “melt down” in equities.
Joseph said: ” Difficult to know which expert to listen to when so many are calling for a “melt up” rather than a “melt down” in equities. ”
Well, You can listen to Hank Kunneman who prophesied good things for America and the economy while many prophets were predicting gloom and doom.
Hank Kunneman also has predicted that this year will be the currency revalue which will be part of the wealth transfer that Phanuel saw in 2016 for 2018. So both Hank and Phanuel predicted a wealth transfer for 2018.
Here is the wealth transfer that Hank Kunneman prophesied. This URL was posted in the IWI forum and it confirms Phanuel’s wealth transfer for 2018:
http://www.globalfinancialprotection.bz/hank-kunneman-iraqi-dinar.html
MOSES
Thank you Moses I will listen to it…
LTC on sale big time. Buy one get one free. No coupon needed. Get em before the deal ends.
I’ve been tracking the crypto macro markets now for some months, and there are some amazing patterns that repeat themselves almost every week. For those of you who are more active than buy and hold, this may be of interest. Note that specific coins may not follow the macro markets. The biggest move up of the week always begins Monday at 8pm EST. By 9pm we are often 2% up overall, and then it climbs. Ed and I have been talking about this one for a few weeks amazed by the frequency of it. So for those of you who are concerned about the recent crypto down swing, my gauge will be to see what happens this evening – in just a few hours. There will always be some exceptions, such as the time Jamie Dimon talked cryptos down, and this will probably happen again. The beginning of the year seemed to be an exception as every day was a buy day. 8pm Monday EST is the Tuesday Asia stock market open. I don’t know why Asia decides to buy massively into cryptos at the same time the stock market opens, all I know is it happens. Personally, I am always “all in” by 6pm. Furthermore, the high of the macro crypto market is almost always Wednesday afternoon. It happens so often that this past week I sold 20% of my holdings in order to buy back more on Fridays and/or Mondays — these are often the lows of week. For those of you who have multiple coins that track the macro markets well, I’m considering coining a phase of “Eagle Wednesdays”. As Phanuel suggested to sell some off on the way up, I’m agreeing and considering buying some silver eagles every Wednesday that the pattern works. God willing, we’ll… Read more »
I made a mistake above: The up trend begins Monday at 8pm EST, which is the Tuesday Asia market open.
Richard, is the peak in the crypto market still Wednesday afternoon EST?
That is what I have seen for the last month at least.
No Asia ramp — first time in a month. But we appear to be off the bottom of an hour ago, so let’s see if Asia recovers tonight.
I have to admit your right. I know the biticoin drops last year starts thur-fri and hits a low on sat and by sunday its starts going higher. I think there was about 5 btc drops last year all happen on weekends
There appears to always be some sell off at the end of the week, and there usually is at least a small rise on Sunday night (Monday Asia market)
Thanks Richard
Watching to see if Litecoin completes Wave c (down to 230).., then bounces into Wave d —upper trend line (270-300). Wave e is usually the last wave of correction.
Getting closer.
Where would wave e take us to?
Hi Richard
The structure changed a little… it’s possible this move below 225 was the e Wave .
Shalom
Phanuel,
I’m learning the E.W. as well, are you calling wave e the 5th wave?
Yes Ed H
I’m calling Wave e the fifth wave of a corrective pattern ( Big Wave 2 or 4).
Shalom
Thanks for these great insights Richard. Very interesting.
The bitcoin weekly and monthly chart always shows head and shoulders patterns testing new highs and lows for the month, the alt coins also follow that pattern with Bitcoin. Holding ETN, RDD, XLM, WAVES.
In case it helps anyone, here are my lessons learned/ relearned in the past 48 hrs, incl. thoughts on Litecoin (LTC). 1. The market follows BTC. BTC down, ETH and LTC down a bit more, but Alt-coins down x2, x3 or more. 2. Trying to profit-take/ sell/ exchange a large number of Alt-coins traded on different exchanges, sometimes requiring an intermediate step – eg. into ETH on Etherdelta – is very stressful. Do we even all know how to get our RDD/ XLR/ XLM etc. out of our desktop wallets and onto the right exchanges, let alone all at the same time or quickly? 3. Running out of gas and not realising why your trades won’t go through is very stressful. I’m now keeping at least 0.15ETH on EtherDelta and Exodus all the time. 4. Binance and Exodus are brilliant – if I could only use them I would. (Still can’t deposit at Mercatox or withdraw from Cobinhood). 5. BTC is the main “on ramp” into the crypto world. I primarily need to get back into this to exit. 6. I can swap LTC very easily for BTC, and can also exit fairly easily with LTC itself. 7. If LTC is silver to BTC’s gold, maybe the prophetic words we’ve have all had about buying physical silver could extend to LTC?! Prophecy often works on different levels. 8. Phanuel has been told to keep adding since he still doesn’t have enough LTC – why would God tell him this rather than “relax, child…there’s time later”? Phanuel is not infallible but God confirmed him to me a long time ago and we have talked here as brothers, so I listen. 9. For all these reasons, and my own peace about it, I’ve swapped some VERI and PPT for more LTC now… Read more »
Nick
Believe it or not… I have only 10 VERI and 20 PPT left … I have zero EOS and OMG. I swapped the great majority for Litecoin (after taking profits). Easy to convert LTC to ETh or BTC on exodus then ship to Gemini for USD.
Very efficient.
These are my large holdings
COB, XLR, LTC, LSK, WAVES, and RDD. I’m focusing on these for now.
Shalom
Interesting Phanuel 🙂
Shalom
Nick/Z3
Stay away from Mercatox … it’s a disaster and haven’t improved much. I was able to sell and withdraw from Cobinhood pretty quickly a few days ago.
Shalom
*and hasn’t improved (error)
I read out all the coins one after another to my wife and she chose Solaris. Then last weekend I was in Poland and their bus company is “Solaris” so I was seeing that name constantly for 2 days.
Nice to hear this confirmation Rob. XLR has been a strong performer for the z3 group. JD
Rob
They are even developing a Solaris exchange to be rolled out later this year. … long term $1000 coin easy.
Shalom
That’s exciting!
Thanks Nick. These are the exchanges I have learned to AVOID:
Mercatox. It shuts down often and for too long. Uses poor English. Only languages used are English, Chinese, and Russian. (This does not induce confidence.) Has huge withdrawal fees on altcoins.
Cobinhood. Minimum COB buy is 100. Has huge withdraw fee for ETH (0.01 ETH).
Coss.io. Can only sell KIN in multiples of 1000.
HitBTC. Has new huge DEPOSIT fees, as well as huge withdrawal fees.
Also, don’t send BTC from Coinbase. The fee is HUGE. Also coinbase is very inaccurate in the number of coins it withdraws, its fees, and claimed deposit at another site.
LTC is the crypto to send from site to site. It is fast and cheap.
Correction: Coinbase’s “Sent” amount AND the Fee is what is withdrawn from your account. The “view transaction” sends you to another site and tells you what amounts were transmitted as part of a block transaction, not just your transaction.
Probably the worst exchange I have read about is Yobit.net. It is based in Russia and many people very recently are reporting their deposited or withdrawn cryptos disappearing. Also, people are getting shut out of their accounts. Customer service gives no response. People are getting 100% of their assets stolen. Avoid Yobit.
I think that’s right Nick. The main lesson is that one needs lead time to unwind these positions. We don’t want to be doing that when the market is crashing, which means getting out early prior to the absolute top is likely the optimal strategy. JR
Nick…thanks for this message. It is confirmation for me to a specific prayer and I also keep hearing Him say “get organized” for the past couple days.
https://www.youtube.com/watch?v=P64alFVwKqs Hi guys, This info is quite interesting. Its talking about the chinese lunar new year that the past 4 years the cryptos goes down which this year is no diff.
I’ve also got 2 visions recently(last week) from the Lord. First in my dream, i saw a flash 665 billion and i know its the coinmarketcap website’s top centre template. At that time the marketcap was about 820B and then it slowly goes down to the 600plus area.
2nd dream i saw a flash 400plus(couldnt remember the exact value of this coinmarketcap vision). Take this to the Lord.
I’ve asked the Lord for exit plans for cryptos. Boy he has delivered. Was skeptical at first but it came to pass for the dreams when he gave me veri @ 200plus (couldnt remember the exact amount as it was months back) then after it hit the target, it goes back down hard. Same goes for COB(0.50) i saw it exactly in my dream. After they launch platform, it goes to to 0.50 before dropping back down hard.
Take them to the Lord and not just on my info! Hodl or add more ! Praise the Lord!
Lee. W.L, thank you very much for the news. So the crypto market goes down starting 24 days before the Chinese Lunar New Year because they take profits to go on vacation. This year, the Lunar New Year’s day is Feb. 15. This is just another confirmation of a crypto crash between Jan. 30 and Feb. 15.
Thanks for sharing these insights Lee. Could you please clarify? You saw COB going to 50 cents after the Cobinhood platform was launched, then dropping down hard? Bitscreener.com shows COB went up to $2.80 and has now dropped down to 58 cents. Here’s the link:
https://bitscreener.com/coins/cobinhood?timeframe=1m&chart_type=candle&chart_unit=usd
Hello james, Just to clarify again, i had that 0.50 cob vision before they launch their platform. It was hovering around the 7cents – 10cents when i had that dream then it hit 0.50 before dropping back down afterwards.
Thanks Lee – here is hoping you can contribute to understanding the market action ahead. I (along with others) – am hoping to cash out and get on sidelines before the next big crash – (as shared by Christopher and JB) – basically wanting to have cash on the side and buy into a projected low price of ETN around 0.03-0.05 – will pray for your gifting to be honed on this topic.
Yes john, i will share if i have visions from the Lord. By the way, are you from New Zealand? I got a real visual confirmation for COB when i was there working last year when Cob was in their ICO. When brother Phanuel shared COB for the first time, i prayed for confirmation and boy i saw COBB printed on a building roughly around Palmerston area!
Iam not invested in ETN yet but will look to get them real soon! As well as XLR and waves !
Hi Lee – yes – I am located in the Wanaka area – and yes – I got in on the ICO phase of COB as well. My long term goal is to create a foundation – (if the profits are substantial enough) – might incldude getting land – (similar to Christopher’s goals/perspective). Sincerely praying for supernatural guidance in all this – been a learning curve for sure (and not without stress LOL) – I think once silver bottoms (9.00 – a prophetic word) – it might be the beginning of phase 2 – namely to move over into a crypto backed by actual silver (aniticipated to go way up – per prophetic word of Shane Warren) – and step by step liquidate cryptos to realise foundation goals. All best mate!
Okay thanks for clarifying. I remember that, it spiked up to 50 cents and right back down again in December.
Can someone please explain the pricing discrepancy on Cobinhood? I was looking into sending more funds to Cobinhood, but when I went to the funds page it showed my 429 COB having a value of around $100. That is about .23, while at the same time the value on coinmarketcap showed a value of .62. That is less than half! What good does it do to have COB go up if they are only going to give me half value for it when I go to sell. Am I missing something? Also, Cobinhood shows BTC at $6500 and ETH at $500, which again is way off the true value. What happens to our value when we withdraw from Cobinhood – do we lose half? is it really that bad?
Hi Kirk,
The crypto market is very volatile and prices fluctuate from one exchange to the next. You can shop around for exchanges with the highest COB prices when it is time to sell.
When you withdraw COB from Cobinhood, you don’t lose anything … you actually gain if you send Cob to an exchange that sells Cob at a higher price. Example: A little while ago Phanuel was able to send Cob from Cobinhood to Mercatox and sold Cobs for $2.22 each.
On the other hand when it is time to buy you can get Cob at a very good price at Cobinhood compare to other exchanges that sell Cob at much higher prices.
Hope this helps!
Thanks Sonia, I will just have to make sure I don’t withdraw in USD, but send it somewhere else first. My dollar value of COB has almost doubled in an hour, even though the actual price only went up 4%. Still not sure why their numbers are so screwy unless there is just a huge lag time for them to get caught up to real figures. thx, Kirk
Hi Kirk – don’t be too concerned about the USD values – they have explained that thier USD liquidity pool is just in its beginning stages – the price of COB in terms of BTC and ETH reflects its real value right now – cheers
Kirk,
click on the top right corner and hit Cob/ETH i believe you are at the USD pair. That low level is .23 at USD prices. It’s only for level 3 . Not sure why they even list that. The real price should be about .0006 ETH
Thanks Ed, I think it is based on USD prices, but the USD price on cobinhood is about half of elsewhere. Not sure what level 3 is but I am still learning.
Kirk,
Currently at .00053 Eth. So that is ETH x .00053
973.47 x .00053 = .5159.
The trading levels they have are 1,2, and 3.
3 being the one with the most options and higher levels of daily deposits and withdrawals as well as buying in USD.
Kirk, the COB dollar value is not the market value of COB. Cobinhood policy is to discourage withdrawing in U.S. dollars and thus the very low price. However, if you were to trade it for another coin or transfer to another exchange, you would get the market value as shown on coinmarketcap.
Thanks Jemba, that makes sense. That’s good to know – close call!
I have also noticed screwy prices on Cobinhood exchange. They are also having lots of technical problems with messages popping up saying their transactions are being processed manually. I think their COB/BTC prices are more in line with the market, so we can trade COB for BTC then transfer the BTC to another exchange to trade for USD.
Lee, W.L.
Good to know thanks for sharing. Your plan for getting out of all cryptos is around 200plus? Right now it looks like your 2nd dream is happening at 450B. I’m holding for now, but its difficult. I’ve been praying for guidance. God bless!
Hello Mary, just to clarify the 200plus veri I saw is the get out plan months ago before it dropped to the 40’s. Now the get out plan should be Phanuel’s 535!
The 400plus coinmarketcap vision understanding was that the market will drop to that range before going back up . when I receive that, coinmarketcap was at 600plus !
Hi Lee,
Wow I just looked at Coinmarketcap just now after reading your post, and it said 535B! what does that mean? Does this mean we get out now? I didn’t see Phanuels prediction…. Forgive me if I don’t understand this whole crypto trading is new to me! take care
Thank you
Mary
Mary, the market cap this morning was in the 400s. It is going up as prices are going up because people are buying. Don’t sell at this point.
Mary, just to clarify, the market cap is not the “cap” or limit, but the capitalization or amount of money invested now in crypto currencies, as I understand it. The higher it goes, the better because people are buying more and willing to pay a higher price to get their cryptomoney.
Marcio
Yes I see that, things seem to be slowly creeping back up, have a lot to learn…Thank you so much for clarifying!
Your welcome, Mary. I have a lot to learn too and will appreciate what gems you have to tell us about. God bless.