Cloak Coin

Discussion in 'Digital Currencies' started by SilverSale, Jun 5, 2017.

  1. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Next big thing?

    Taken a small punt on Cloak Coin - it's trading at next to nothing compared to Bitcoin.
    The code for it has been fully re-written & audited, and appears to be the only truly anonymous crypto out there. A month ago it was announced it was going Open Source
    Clif High announced in an interview a couple days ago that he was a fan of it.

    I still believe Bitcoin will most likely double or more (in the short term) from current levels, and ultimately drag some of these alt's with it. I've only invested money I'd be prepared to lose.
     
  2. Altima

    Altima Well-Known Member Silver Stacker

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    The price has increased to $3.60 at the time of my writing, so I think most would have missed buying or loading it up prior to the pump.
     
  3. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    LovingtheSilver likes this.
  4. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Hard to tell with these alt coins to be honest. I mean, the way you'll make a lot of money is picking the right one, but that's like picking the correct horse in a race of 200.

    Keen to see how this one goes though.
     
  5. camylopez

    camylopez Member Silver Stacker

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    300% in a couple of days, and people are serious about calling these an investment.
    gambling is more like it
     
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  6. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    For anyone not into charts, this is quite a bullish setup - most likely see a bounce from here :)
    I'd consider this a buying opportunity..

    setup.png
     
  7. STC

    STC Well-Known Member Silver Stacker

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    I have purchased some just in case.
     
  8. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    I couldn't help myself and grabbed a little more today too!

    Fingers crossed we get rewarded... I suspect this will be a medium to long term play for me.
     
  9. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Cloak going on a small run north today - chart looking even better than yesterday :)
     
  10. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Congrats to those riding the Cloak Train.

    Moving up nicely :)
    setup.png
     
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  11. southerncross

    southerncross Well-Known Member Silver Stacker

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    What exchange are you trading this on ?
     
  12. STC

    STC Well-Known Member Silver Stacker

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    I'm using Bittrex. This coin swings so be careful.
     
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  13. southerncross

    southerncross Well-Known Member Silver Stacker

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    That is the whole point of it, If you can trade in and out of these and make 25-50-100 % in a 24 hour period why wouldn't you ?
    If you can turn $1000 into $ 5-7,000 or more in a week while you drink coffee and watch some charts and click a few buttons where's the problem exactly ?

    Yes only put in what you are willing to lose etc etc but Sheet, Make Hay while the sun shines is the old saying. OOooop's lLisk is about to make me another $1400 for the third time this week alone as I type Gotta go :)
     
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  14. southerncross

    southerncross Well-Known Member Silver Stacker

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    Thanks, I have an account there but have not used them yet due to the low volume on most alt's, or so it seems.

    The swings are what I have been trading recently, Buy Low sell high as they say.

    Been a bit like taking candy from baby's over the last week on the high volume trading coins, set a buy at recent low and wait for it to get filled as it always does, set sell at recent high and go to bed.... Wake up to 50-100% return ... convert profit to Ethereum, then Rinse and repeat.

    Some of the easiest money I have ever made.
     
  15. southerncross

    southerncross Well-Known Member Silver Stacker

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    Geeze, their trading platform is a bit clunky huh ? ... Do you know what their deposit/withdrawal limits are ? had a quick look but can't seem to nail them down.
    Just sent a small amount of BTC to see how transactions go compared to others.... still waiting.
     
  16. STC

    STC Well-Known Member Silver Stacker

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    My transfer have been very quick. I think withdrawal is 2 or 3 Btc per day.
     
  17. STC

    STC Well-Known Member Silver Stacker

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    I have had some luck with bts last 2 days but am out now.
     
  18. southerncross

    southerncross Well-Known Member Silver Stacker

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    Just checked them out and for me they are sorely lacking compared to others, ,01 of a deposit took forever and confirming a balance, finding a trading page and sorting a bid takes some Zen like skills for me at least. I do like their limits on withdrawals etc but so counter intuitive that it is not worth the hassles.
     
  19. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Hi southern, I use livecoin.net for trading CLOAK.

    Can't say how it compares to bittrex, but I've never had an issue with it - always fast!
     
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  20. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Here is one of the Developers of Cloak Coin in a recent interview....

     

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