Cryptocurrency - a few tips from an old hand

Jack Reacheround said:
Is a few more or less than a couple? Seriously, my wife and I got into a fight over this. I said a couple is two, and a few isnthree or more. She said a couple and a few are the same. So I asked her why we were considered a couple
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Lmao

<escalate99>

I went through the same when the ex tried to tell me a couple could be used for 2 or 3 things. Think she ended up being right though.
 
What is the cheapest way to get money on binance? Was gonna move bitcoin from coinbase but they were gonna charge 35 bucks.
 
Nik123 said:
^ and you’re welcome for the power Ledger tip. It’s going places next year.
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I am pretty well convinced on the product i just don't understand how it will make money and more importantly how i will.

Is it simply a buy sell spread on conversion from sparks to powr? Is that how power Ledger gets profit?

Also was a little confused on my first read of the white paper.

It seems like the fund raising will allow me to buy POWR but how do i profit from that?

Feels like i am offered the opportunity of investing in Itchy and Scratchy money, when I want to invest in the Itchy and scrathy theme park.
 
Grob said:
What is with everyone using HODL instead of Hold?
It doesn’t instill a lot of confidence in people who can’t spell a 4 letter word.
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My guess.

Hold On for Dear Life.
 
HIMBOB said:
My guess.

Hold On for Dear Life.
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That is a really excellent guess. You should get paid billable hours for that, amazing.

In reality, it's just from a famous post of a guy on reddit crypto subforums, urging people to "hold" but typo'ing it and it became a meme (or so they say, I haven't isolated the post). It's funner to say than "hold" so that's basically it.
 
More investing in concepts because the first world doesn't make things enough anymore.
 
dabrian said:
What is the cheapest way to get money on binance? Was gonna move bitcoin from coinbase but they were gonna charge 35 bucks.
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Get on GDAX (own by coinbase). Transfer btc from coinbase to gdax. Transfer BTC from gdax to binance. Fees are much lower from gdax.
 
rj144 said:
I've read this 10 times and don't know what you mean. ;)
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Imo he means investing in IT systems as opposed to physical goods.

I don't agree its a problem but it is harder to value and/or assess potential.

But the potential is insane.

Im looking at some reg tech that could cut our costs by a third and make a third of current head count redundant.
 
Thanks for the tips, what are your thoughts on ripple?
 
Just recently started dabbling in the crypto verse... Gotta give you credit for solid forecast ....Hopefully Ethos puts their product out soon...

You see anything else special on the horizon?

Nik123 said:
I've seen a lot of talk about investing in the crypto market over the last few weeks given how it's becoming mainstream now. So thought I would put together a few thoughts that may help noobs decide where and how to invest.

I've been in the game for a while now, and have spent thousands of hours on researching cryptocurrency white papers, teams, use cases, and future growth potential.

Please don't take the following as investment advice per se (I am not a financial advisor), but as potentially useful information to guide your own research before investing.

My picks for coins that are likely to do very well in 2018 (these are all under the radar right now):

In no particular order:

1. ETHOS: this is a game changer. Ethos will be a Coinbase killer. They are launching a new universal wallet (coming out in Q1 2018) what will enable anyone to buy any cryptocurrency (not just the coinbase ones) with fiat money, and also let people cash out. On top of that, there will be a price predictions platform, social networking, and a building tool for apps. They will also let newbies instantly invest in diversified baskets of crpyocurrencies (eg. big caps, privacy coins etc) with 1-click type functionality. Very solid team (ex BlackRock COO, who is very active in replying to questions on their telegram chat). Currently hovering around 1.90$ - predictions for next year range from $20 to $100. I see this as driving the next stage of crypto adoption (past Bitcoin to the Alt coins). Imagine logging into Ethos on your phone, looking at price predictions for a coin ranked by the community, being able to invest with one click, and then when you want cash out with one click.

Coinbase will be made redundant by this. And if you imagine how big Coinbase is now (number 1 downloaded iphone app in the United States) - you can see what kind of potential Ethos has next year. Now is the time to get in, before the herd comes.

https://www.ethos.io/



Note: you can buy Ethos by trading your bitcoin for it on exchanges like Binance. But be aware that on Binance Ethos is still under it's old name, Bitquence (ticker symbol BQX).

2. POWER LEDGER: this is a monster. RIchard Branson and Elon Musk are investors. They are using the blockchain to let people actually sell and trade solar energy (this is a big deal in Australia, where it has launched. A lot of people have solar energy meters which they don't fully use. This lets them actually sell their excess energy to anyone in the grid automatically, circumventing the power companies. With green energy being the next big thing, this has potential to take over the world). Their team leader, Jemma Green, is a bit of a superstar. She also just became Mayor of Perth - so political power in addition to their huge plans.

3. InvestFeed (edit: to be fair, I prefer the top two to this one, but at it's current price it is still very cheap): this is aiming to be the decentralised Facebook of the crypto world. They already have a working platform you can use, and a huge amount of features (more incoming per their published roadmap) and a massive marketing campaign incoming early next year. Price likely to go insane after that (as it is less than $0.07 now!). Their platform brings traders together to discuss crypto trading ideas, news, market trends, prices, etc. Has the potential to go up in price 100 times or more next year given it's tiny market cap at the moment.



Edit: Chucking in a few alternative options to get the juices flowing, both of these are at ICO (initial coin offering) stage -

4. Singularity Net (the first ever global decentralised AI/robotics marketplace - letting people monetize AIs and letting AIs talk to each other to fill in capability gaps to respond to business and user demand/needs. Skynet basically. Led by the chief AI scientist from Hansen Robotics, the guy who made 'Sofia'.




5. INS Ecosystem- Disruptive platform looking to revolutionalise the way people buy groceries. Solid team with credentials like Harvard Business School, McKinsey & Co, Goldman Sachs, UBS, etc. And proven experience in retail.



Investor types/styles:

You can take the following approaches with investing in this market (or most liquid markets):

1. Day trading (trying to make money off daily volatility/price fluctuations in the market. This is a highly risky and stressful strategy. Most day traders lose money as the market is almost impossible to time, and you are up against trading bots and whales).

2. Swing trading (trying to make money off weekly/monthly trends based on price movements, market news. etc. Still risky, but safer than day trading if you know what you are doing. Decent profit potential, but you need to be heavily into this space, constantly reading up on market and coin news, and familiar with analytical tools

3. Holding (HODLing) - Long term investing. The best tactic by far. This involves finding coins with solid fundamentals, teams, and use cases (ie does the project solve a real world need) - and then holding onto the coin for at least 1-3 years. The market will go up and down, but HODLERs don't worry about that as they have taken an educated risk, and just hold onto their investment through the ups and downs. HODLERs have confidence in their picks based on research, and they don't panic sell because they have only invested what they are willing to lose. This tactic has proven time and again to give much much better returns than day trading or swing trading. The long term returns in this market, and the future potential...is jaw dropping. But you need to HODL to really benefit.

Anyways, hope this is useful for those looking into the crypto market. Remember to do your own research, and happy HODLing.
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SKIM_NYC said:
Just recently started dabbling in the crypto verse... Gotta give you credit for solid forecast ....Hopefully Ethos puts their product out soon...

You see anything else special on the horizon?
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Thank you.

Ones to watch out for this year -

Bit Degree

INS Ecosystem

Quantstamp

Singularity NET
 
Well hopefully Im doing something right then, since those are on the watch list already... Appreciated

Looks like QSP is already on a tear...

Aside from reddit thread scanning, have any recommended sources for info? Any people in particular?

Good looking out

Happy Hunting

OSS *fist bump*


Nik123 said:
Thank you.

Ones to watch out for this year -

Bit Degree

INS Ecosystem

Quantstamp

Singularity NET
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Jack Reacheround said:
Right. Which is why people call two people in a relationship a couple, and if they involve one more person in sex, it is called s threesome. See? I knew I was right.
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Your mistake was using reason and accuracy with your missus, worse yet you potentially won the argument instead of winning the opportunity to connect on a level above reality. Blah blah blah



You're right and she's wrong though. A couple is 2 and a few is generally 3 or more but less than a fair few, this is why we were the hunters.
Imagine a scout told you there's a couple of wild boar so you think "we'll only need 2 of us" . You manage to spear two but the third comes out and fucks you up.

You need to take a little ownership though, perhaps you asked for a couple of sandwiches and she gave you three. Instead of correcting the (as we've seen) potentially life threatening mistake you rewarded her with a thank you, positively reinforcing her delusion.
 
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