crypto currency discussion

[Bucketwah]

I hate to be "that guy" but if you invested willfully into Bitconnect, you had what was coming to you. It is word for word the definition of a ponzi

Yup, it was so easy to tell it was a scam.

[shadymcgrady]

I agree but we COULD see some rough times before that still. I'm happy with what I have for the most part. I'm hoping for a spot this weekend to invest more into some alts but outside of that, I got some good bargains yesterday for sure.

I want all of us to be laughing by say the nba finals when everything is up big

[firekillex]

you shouldnt hold your coins on an exchange anyways tbh...
people need to do their research if youre investing 10k+ imo a nano ledger S is needed


also JAN has been notorious for bad month in crypto then shit starts to fly, you buy up accumulate in january then watch it moon

[SpeedPro]

Always do your research before buying any altcoin. There are so many now and so many being added that the chances of this type of thing happening is going to increase exponentially.

[TPowell]

you shouldnt hold your coins on an exchange anyways tbh...
people need to do their research if youre investing 10k+ imo a nano ledger S is needed


also JAN has been notorious for bad month in crypto then shit starts to fly, you buy up accumulate in january then watch it moon

Ehh depends on the exchange IMO. I feel decent about having big money in Binance for example personally

[DOM_Toretto]

you shouldnt hold your coins on an exchange anyways tbh...
people need to do their research if youre investing 10k+ imo a nano ledger S is needed

Why the nano ledger S? What would be wrong with say just a plain old paper wallet.

[TPowell]

I'm very interested in this BNB coin as well. Binance is killing it right now and I think the coin could moon. I have some now just because I save 50% on TX costs but I may add more soon

[hotcross]

i park in sll sometimes
but since i'm only in this to bet
never stay long

sll ????

[The Kraken]

VirWox?

[Mac4Lyfe]

I rode TRX from 3c to 10c the first time but this Justin Sun is all hype. Not sure what to think of Tron at the moment.

Have you done your research? Where are you getting ALL HYPE from? They are doing gaming now, they are doing rental bikes now, they are building a tech team now. Any coin can be said to have hype but Tron is actually using the coin in real world applications. I'm certainly not trying to convince anyone but when someone says hype, they should at least explain what hype their talking about?

All this TRX talk....hmmmmm where is all the long term holders...wheres all the hate now LOL...

Didn't you say you held TRX? Hypocrite much? The only hate is coming from you. You couldn't wait to throw shade. Congratulations...

[hotcross]

Boy, you're really going out on a limb... Haha, just kidding.

Most people have very little vision. They can't see things where they want them to be, they only see what is present now. Most people would be very successful, if they only trusted themselves and stop second guessing. In everything they do, not just buying coins. "Where there is no vision, the people perish".

good read, Mac.

Other side of the coin, so to speak, is sometimes people see how they "want things to be" even if it means a disregard for reality.

I'm not going to get all philosophical here. My point and opinion right now is I think crypto buyers are rushing back in to buy too soon. Definitely hard to time it perfectly. But usually the price settles somewhere....is that today after some serious downdraft? It's been only a day. We've been conditioned over the past month or two of market movement to see wild price swings and huge rebounds happened instantly.....but what happens if price levels keep stepping down....8k...6k...5k bitcoin...? Potentially a lot of bag holders.

[Mac4Lyfe]

Why the nano ledger S? What would be wrong with say just a plain old paper wallet.

Nothing wrong with a paper wallet as long as you don't...

- Lose the paper and not have a backup
- Have the paper burn in a fire
- Use a hacked computer to generate the paper that someone can steal
- Have a disgruntled spouse, GF or family member find said paper and rob you blind
- You get dementia and can't remember where or what the paper is for
- You drop down dead and your spouse, GF or family member cannot gain access to your funds

The Nano S Ledger and Trezor are expensive as shit now. They used to be like $25 each, now they're selling for $300. Talk about supply and demand. If you lose them, you can easily recover which is a plus but there's a few desktop applications that are becoming just as good.

[mrpapageorgio]

If you bought XRP when it was under $1 during the crash, congratulations on making over a 50% return in 2 days.

[Mac4Lyfe]

good read, Mac.

Other side of the coin, so to speak, is sometimes people see how they "want things to be" even if it means a disregard for reality.

I'm not going to get all philosophical here. My point and opinion right now is I think crypto buyers are rushing back in to buy too soon. Definitely hard to time it perfectly. But usually the price settles somewhere....is that today after some serious downdraft? It's been only a day. We've been conditioned over the past month or two of market movement to see wild price swings and huge rebounds happened instantly.....but what happens if price levels keep stepping down....8k...6k...5k bitcoin...? Potentially a lot of bag holders.

I don't care if BTC goes to $5k or even $1k tomorrow. If it takes a huge dump, I'm buying more. I've bought at $16k, so why wouldn't I buy at $1k? I'm not thinking short term. I'm thinking 10 years from now, while most are thinking next week. If you are trying to time this market, you have little vision IMO. I don't care where BTC is today. I know where it's going tomorrow, 5 years from now, 10 years, 20 years from today. Our kids aren't going to balance checkbooks. That's nonsense. They most likely won't even use cash. As the world becomes more global, they will need global currencies. And they will need it digitally. If my son wants to sell merchandise to Europe, Asia, India, Africa, etc., what is the best way for him to get paid? Right now there's a lot of kinks to be worked out but bottom line, it does not make economical sense to use ****, **, Amex, wire, **, **, etc. A decentralized coin WILL BE the best way. My wife runs our event planning company. We take a lot of paypal payments that are very costly. What do you think will happen in the next few years? We'll start offering alternate ways to pay. Crypto will eventually be an option. That's a no brainer. A friend of mine asked me a few weeks ago, how can he pay his employees in BTC. Well, we're not there yet, but it's coming. Do you think companies may have an incentive to reduce state, local payroll taxes, sales tax, usage tax, etc?

This technology makes TOO MUCH sense to not believe in it. Encrypted ledger transactions that can take seconds not days is a no brainer. This is just the beginning. There's so many every day uses for this technology. Will there be bumps along the way? Absolutely. Governments, banks, institutions are not going to give up their piece of the pie without a fight. They will create confusion, disruptions, fear and eventually try to corner the market themselves but it won't work in the end for them because people are not stupid.

[Mac4Lyfe]

If you bought XRP when it was under $1 during the crash, congratulations on making over a 50% return in 2 days.

Or if you bought Ripple a year ago when it was $0.006, you wouldn't give a shit what it did the last 2 weeks.

We'll have this same discussion a year from now, guaranteed.

[raiders72001]

Or if you bought Ripple a year ago when it was $0.006, you wouldn't give a shit what it did the last 2 weeks.

We'll have this same discussion a year from now, guaranteed.

I started buying Ripple in 2013 but sold or lost it in exchanges before it hit.

[hotcross]

Mac again I agree with much of what you're saying but most people in this market are thinking waaaay short term. That's why I'm spreading a word of caution. Most are not as well-funded as you apparently are.

[TPowell]

I agree with Mac. The same people probably laughed at the ideas of ATM's, self checkouts, etc. back in the day

[firekillex]

Ehh depends on the exchange IMO. I feel decent about having big money in Binance for example personally

binance is the only exchange i trust to hold any coins tbh so i agree with that
still would rather be safe and hold my coins in a cold storage though

[Arky]

You can get a Trezor at the website for 111 Euros and pay for it with Bitcoin. I think it comes out to around $155 USD (value) including fees but it won't ship till February. Add 20 more Euros if you want it faster (5 days). I bought one and opted to wait.

https://trezor.io/

[mrpapageorgio]

The Nano S Ledger and Trezor are expensive as shit now. They used to be like $25 each, now they're selling for $300. Talk about supply and demand. If you lose them, you can easily recover which is a plus but there's a few desktop applications that are becoming just as good.

The secondary market price is making me consider selling the Nano S I'm getting Tuesday. Bought one in December through Salt Lending for 5 Salt tokens which was only $40 at the time and they finally sent it out, but with the secondary market prices due to the manufacturer's back order, it's tempting to sell.

[ace7550]

Why the nano ledger S? What would be wrong with say just a plain old paper wallet.

I use paper wallets for all of my bigger/long term investments. hardware wallets are good too. I think it's just a matter of preference.

[Mac4Lyfe]

The secondary market price is making me consider selling the Nano S I'm getting Tuesday. Bought one in December through Salt Lending for 5 Salt tokens which was only $40 at the time and they finally sent it out, but with the secondary market prices due to the manufacturer's back order, it's tempting to sell.

I wish I would have bought a bunch a year ago when they were $30. They had a 2 for $50 promotion at one time too. I was going to buy the 2 but never got around to it. Procastination...

[The Kraken]

Paper here for about 75%

Rest I leave in exchanges so I can trade while at work

[Mac4Lyfe]

Mac again I agree with much of what you're saying but most people in this market are thinking waaaay short term. That's why I'm spreading a word of caution. Most are not as well-funded as you apparently are.

Oh yeah. Most people are buying in like placing a bet at Ceasar's Palace. They can't wait to run up to the pay window to collect their winnings. I told a friend of mine last year to invest $50 a month (he spends $150/mo on trading cards) but he didn't. He would have made a really nice return had he did it. I have one account that I started with $500 that hit $9k in the last year and is around $6k now. Most all my other accounts have done the same thing. I rolled my BTP winnings last year and it's skyrocketed even after this dip. I've never been good at timing any market. As soon as I sell, a stock quadruples. I just buy long term in markets I believe in and over time make money. I bought into Apple back in the 80's (hence my username). I still buy today. That stock has seen some wild ass swings like crypto. I remember when it plummeted to a couple bucks when Jobs left. I lost a lot of money that day (people were jumping off ledges)but it came back with a vengeance. Every day I hear people say how Apple is about to go belly up. Warren Buffet bashed Apple and crypto last week. I rarely listen to experts. I look at what everyday people are doing. When I see people sending Monero to family in Mexico, that gets my attention.

[Mac4Lyfe]

The secondary market price is making me consider selling the Nano S I'm getting Tuesday. Bought one in December through Salt Lending for 5 Salt tokens which was only $40 at the time and they finally sent it out, but with the secondary market prices due to the manufacturer's back order, it's tempting to sell.

By the way... I finally bit and bought one the other day. It got delivered a couple days ago and I haven't even opened the package yet. I'm going to test it out tomorrow. I just checked the price and it's down to $125.99. WTF? It's fluctuating like BTC.

Ledger Nano S Cryptocurrency Hardware Wallet
[COLOR=#555555 !important]Sold by: CostDirect Deals
Return eligible through Feb 15, 2018

[COLOR=#B12704 !important]$162.85[/COLOR]
[COLOR=#555555 !important][/COLOR][COLOR=#555555 !important][/COLOR]

Buy it again

[/COLOR]

[Mac4Lyfe]

Damn I just noticed the delivery date... Who the hell would order for a April delivery?

[COLOR=#C45500 !important]In stock on March 29, 2018.
Order it now.

[/COLOR]



Get it as soon as March 30 - April 3 when you choose Expedited Shipping at checkout.

[SnakesPicks]

they are all tied / "paired" to bitcoin or ether....right?

we see those special cases when one or two or a handful of coins rise on their own, for awhile.

soon there will be some exchanges where fiat can be used to buy altcoins directly. That will change the pairing paradigm.

You can already buy almost any coin for fiat at Yobit.

[Bluehorseshoe]

GDAX adding BCH-EUR on Weds.

[TPowell]

You can already buy almost any coin for fiat at Yobit.

True but what happens when Binance, Cryptopia, Bittrex does this?

[ans61201]

binance is the only exchange i trust to hold any coins tbh so i agree with that
still would rather be safe and hold my coins in a cold storage though

Guess I am in the minority here, binance is the only major one that I use that I don’t trust 100%. It’s always given me the gut instinct vibe of the one that’s going to penetrate everyone over one day

[TPowell]

Guess I am in the minority here, binance is the only major one that I use that I don’t trust 100%. It’s always given me the gut instinct vibe of the one that’s going to penetrate everyone over one day

How so?

[hotcross]

same here, ans. Binance sketchy to me, plus its based in Asia.....where exactly?

certainly surprised to see Mr. Firekillex say he trusts them the most. Maybe he means from the standpoint of privacy preservation (for as long as they're around)???

[Mac4Lyfe]

Guess I am in the minority here, binance is the only major one that I use that I don’t trust 100%. It’s always given me the gut instinct vibe of the one that’s going to penetrate everyone over one day

Me too. For some reason Binance seems the most vulnerable, although I have the most money in it than any other exchange at the moment. Although I don't really trust any of them, including CB, which who know's what FDIC means in the crypto world?

[Mac4Lyfe]

You can already buy almost any coin for fiat at Yobit.

Can you buy with USD? If so, they would have to be licensed in all US states???