crypto currency discussion

[puckk]

Gemini is next to free but we all use a middle man. Blockchain is my middle man and they are fukkin everyone on the fees

used blockchain for a long time, sent my funds from blockchain to nano s
nano s is now my middle man, its safer, supports segwit wallets which means faster trans. & lower fees
blockchain will add segwit wallets in 2018

[Mac4Lyfe]

I'm not really sure what I'm looking for. Right now I only hold BTC, and I keep that in Nitrogen and the Blockchain. Probably not the best idea, right? I was just wondering what else was available.
Thanks for your help.

I personally think you should have at least 1% of your investments in Crypto. 5% is probably the top. I'm sitting on all the top 10 cryptos and about 20 more. I like ADA, TRX, XVG, Doge, Monero, Zcash, Ven, RDN, Steem outside the top 10.

https://coinmarketcap.com/

All these coins went down with the BTC ship. They all went down at 9:30am ET. I think this is a good time to buy in. Even though, I think we could get another dip. Just buy in. I see BTC low level around $11k like today. You may see some fluctuations the next week or 2 that you might be able to play.

[The Giant]

I personally think you should have at least 1% of your investments in Crypto. 5% is probably the top. I'm sitting on all the top 10 cryptos and about 20 more. I like ADA, TRX, XVG, Doge, Monero, Zcash, Ven, RDN, Steem outside the top 10.

https://coinmarketcap.com/

All these coins went down with the BTC ship. They all went down at 9:30am ET. I think this is a good time to buy in. Even though, I think we could get another dip. Just buy in. I see BTC low level around $11k like today. You may see some fluctuations the next week or 2 that you might be able to play.

Where do you hold all your coins, Mac? Just in an exchange?

[TheMoneyShot]

What's the concern if you're on the internet or not?

People who are in fear of Malware or adware that could potentially relay where your coins are. They could somehow transmit or hack into your private keys. Something to do with that. Only way this could be accomplished is if your laptop had access to the internet.

A guy on youtube was showing how he did a factory reset of an old laptop... used it exclusively for storage of bitcoins.... and he did it by not using the internet. You still need confirmation codes to get it to your storage. It's sort of confusing... but he used a USB storage stick to transmit the codes to his "OFFLINE" computer... You need at least one computer that's online to grant you these codes. Again, sounds confusing... but the guy accomplished it.

[jjgold]

Ripple might be a Play
Long term

[TheMoneyShot]

What's the concern if you're on the internet or not?

Raiders here at SBR said... you need a wallet that has access to "private keys". He told me that's your main concern.

And make sure you never save those keys to any file on your computer.

If your computer ever crashed etc... You could open Electrum anywhere... with those private keys and access your coins.

[Mac4Lyfe]

What's the concern if you're on the internet or not?

If you're on the internet, someone could hack into your computer and using a key logger for example, figure out your private key and steal your money. They could do that with your credit card of bank account BUT your bank would most likely reimburse any stolen funds because it's insured. If you have your coins offline (cold storage) it would be impossible for someone to steal it over the internet. Although a greedy wife or kid could know more than they should and rob you just as well. Haha. If you use an exchange like coinbase, bittrex or binance, there's a chance they could get hacked as well (look up Mt. Gox theft). Coinbase is FDIC insured up to $250k but what the hell does that mean when the government doesn't consider BTC money? They may only be able to protect your USD wallet. Who the hell knows.

I have a bunch of BTC's in cold storage, which to me is safer than putting money under my mattress. We shall see.

[reigle9]

Raiders here at SBR said... you need a wallet that has access to "private keys". He told me that's your main concern.

And make sure you never save those keys to any file on your computer.

If your computer ever crashed etc... You could open Electrum anywhere... with those private keys and access your coins.

pretty much had this same convo with opti last week via pm, think he was getting annoyed with me

[TheMoneyShot]

pretty much had this same convo with opti last week via pm, think he was getting annoyed with me

Opti is a good guy. He loves to help out.

It's tough learning everything. I don't know everything there is to know about "private keys" either.... but you type those words at youtube... and there are a lot of helpful videos there as well.

[Bluehorseshoe]

Anyone know why I would have a Bitcoin Cash balance of $2.06 in my Blockchain account? As far as I know I have never done anything involving Bitcoin Cash.

It's a result of the fork in August.

[puckk]

This is me hodling through the dip

[puckk]

Bitcoin has "crashed" 30% SIX TIMES in 2017. Each "crash" has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. Bitcoin takes 7 steps forward, 2 steps back, 7 steps forward, 2 steps back. Every 2 steps back is heralded as the end of bitcoin. Relax!

[The Giant]

Thanks Money and Mac.

Merry Christmas to both you guys.

[Mac4Lyfe]

Where do you hold all your coins, Mac? Just in an exchange?

I have coins all over the damn place. I can't even keep up with it all. I think I can minimize my risk by spreading it out a bit. I have accounts at bitfinex (have it under an international account), bitstamp, Binance, bittrex, Cex.io, blockchain, coinbase/gdax, gatecoin, gemini, hitBTC, Kraken, Poloniex, YoBit and I think a couple more??? I have only BTC in cold storage but I'm planning to move a bunch of alt coins offline as well and hold for long term.

[gummo]

It's a result of the fork in August.

Thanks.

[TheMoneyShot]

Thanks Money and Mac.

Merry Christmas to both you guys.

Merry Christmas Giant. GL with the investing and on your Bowl Games.

[ans61201]

JJ anymore hot Tips?!

[puckk]

Fundstrat's Tom Lee says he's a buyer of the bitcoin pullback, now sees more than 35% gains from here

https://www.cnbc.com/2017/12/22/fundstrats-tom-lee-says-hes-a-buyer-of-the-bitcoin-pullback.html?__source=twitter%7Cmain

[Mac4Lyfe]

I heard this hardware wallet works very well. They are constantly adding new features to manage multiple coins. The damn price on it has doubled in the last few months though. Anyone here using it?

https://www.amazon.com/Ledger-Nano-Cryptocurrency-Hardware-Wallet/dp/B01J66NF46/ref=sr_1_2?s=pc&ie=UTF8&qid=1513982760&sr=1-2&keywords=nano+ledger+s

[Mac4Lyfe]

Bitcoin has "crashed" 30% SIX TIMES in 2017. Each "crash" has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. Bitcoin takes 7 steps forward, 2 steps back, 7 steps forward, 2 steps back. Every 2 steps back is heralded as the end of bitcoin. Relax!

Bitcoin on the move right now. Up 6% in the last hour alone. I knew $11k was the bottom but couldn't take advantage of it.

[Mac4Lyfe]

if you took advice from someone named munchkinman, you got what you deserved. whats next? relationship advice from Kim Kardashian?

Hey Shocka - Did your limit orders get executed??? Where was it held? TIA

[ace7550]

I have coins all over the damn place. I can't even keep up with it all. I think I can minimize my risk by spreading it out a bit. I have accounts at bitfinex (have it under an international account), bitstamp, Binance, bittrex, Cex.io, blockchain, coinbase/gdax, gatecoin, gemini, hitBTC, Kraken, Poloniex, YoBit and I think a couple more??? I have only BTC in cold storage but I'm planning to move a bunch of alt coins offline as well and hold for long term.

I do to. I hold coins at Itbit, coinbase, bittrex, poloniex, cryptopia, livecoin and a couple in paper wallets. It's a great way to hedge against an exchange getting hacked and also can be helpful when arbing. Just make an excel sheet to keep track of it all.

[cyclingbettor]

Bitcoin has "crashed" 30% SIX TIMES in 2017. Each "crash" has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. Bitcoin takes 7 steps forward, 2 steps back, 7 steps forward, 2 steps back. Every 2 steps back is heralded as the end of bitcoin. Relax!

The concerning part is that, based on your picture there, a realistic trading range for bitcoin would be somewhere between $7000-$12000. Which, in the big picture, is a pretty darn awesome performance for the year. But, lower than where it is now.

[puckk]

I heard this hardware wallet works very well. They are constantly adding new features to manage multiple coins. The damn price on it has doubled in the last few months though. Anyone here using it?

https://www.amazon.com/Ledger-Nano-C...=nano+ledger+s

many vidoes on youtube, its safer to order from https://www.ledgerwallet.com/products

watch the 1st 2: https://www.youtube.com/results?sear...+segwit+ledger

[ans61201]

So much for a big Friday for Tron. Pretty much wet the bed.

[ace7550]

The concerning part is that, based on your picture there, a realistic trading range for bitcoin would be somewhere between $7000-$12000. Which, in the big picture, is a pretty darn awesome performance for the year. But, lower than where it is now.

Please explain? It just went down about 30%. According to Puckk's pattern it would now go up right?

[Mac4Lyfe]

I do to. I hold coins at Itbit, coinbase, bittrex, poloniex, cryptopia, livecoin and a couple in paper wallets. It's a great way to hedge against an exchange getting hacked and also can be helpful when arbing. Just make an excel sheet to keep track of it all.

I really like the blockfolio app. It keeps a good track of all my coins at multiple exchanges. I just don't know how to update it easily if I move from one exchange to another. It's a lot of work to keep u when you move a lot of coins.

[ace7550]

I really like the blockfolio app. It keeps a good track of all my coins at multiple exchanges. I just don't know how to update it easily if I move from one exchange to another. It's a lot of work to keep u when you move a lot of coins.

What info do you have to give the app for it to have access to all your balances?

[ans61201]

Here we go again. Going to be a rough climb until we get a stable price. Going to take another dive before climbing.

[dlowilly]

Asians woke up and are selling off again

[TheMoneyShot]

Here we go again. Going to be a rough climb until we get a stable price. Going to take another dive before climbing.

People can't stop jerking off and hitting the sell button.

[cyclingbettor]

Bitcoin has "crashed" 30% SIX TIMES in 2017. Each "crash" has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. Bitcoin takes 7 steps forward, 2 steps back, 7 steps forward, 2 steps back. Every 2 steps back is heralded as the end of bitcoin. Relax!

The concerning part is that, based on your picture there, a realistic trading range for bitcoin would be somewhere between $7000-$12000. Which, in the big picture, is a pretty darn awesome performance for the year. But, lower than where it is now.

Please explain? It just went down about 30%. According to Puckk's pattern it would now go up right?

Well, based on the handy red and blue lines superimposed on that picture, the previous trading range for bitcoin throughout the year would put it somewhere in the $7000-$12000 range today. Hey, don't ask me to explain this stuff, I was just looking at the pretty pictures.... :-)

[Outsider626]

Bitcoin 15k 10 minutes ago. Now 13.7.

[ans61201]

Bitcoin 15k 10 minutes ago. Now 13.7.

Going to happen for a few days at least. Whales making too much money not to.

[shocka1212]

Hey Shocka - Did your limit orders get executed??? Where was it held? TIA

Cancelled after the price increases after the first cme contracts. Used the funds to buy more cardano at .10... bought some at 13k that Saturday night (dec.9) though. Hard to keep track of so many buys. Have some money hitting my gdax tomorrow. Hoping to buy under 14k again :fingers crossed: