Bitcoin currency of the future?

[Ezekiel 25:17]

I understand not trusting it, but calling it nonsense when I literally just made over $4,000 in 2 days of trading is a bit naive imo.

Sure. People are making fast money on it, but all im saying is its still a relative unknown. Its digital. Ill stick to what makes me money on the long term.

 

[Der Eisbär]

I wont bash, but when i was young, people would tell me gold and real estate would always be where the money is.....it's still true and it always will be. This is still an unknown.....its digital currency ffs. It could take off but it could also fail. I have always been a tried and tested guy, especially these days when kids have gotten lazy and dont wanna work for shit.

I guess we will see who wins.

I'm not against gold at all. As it will always be a store of value. And whether or not cryptos succeed in the long run is irrelevant (I believe that some will). However what is real and tangible is that the whole market was worth 300 billion dollars a month ago when I started posting in here. Its now at 770 billion. 470 billion dollars entered the space inside of a month. There is serious cash to be made

 

[Tamriel Terror]

Sure. People are making fast money on it, but all im saying is its still a relative unknown. Its digital. Ill stick to what makes me money on the long term.

And theres nothing wrong with that. I still have the majority of my money in stocks and mutual funds (I have a very small amount in crpyto that if I lost it wouldn't hurt me at all).

 

[SwamiLeoni]

I keep hearing, do your own research (DYOR).

But my advice is join a couple of Crypto Facebook groups and reddit crypto currency.

Like Sherdog, mostly goof balls on there but there are a some respected members with good info. Spend a couples of weeks just reading and keeping up with the news and hype and you’ll start to form some opinions.

Download an app like Coin Stats so you’ll have an idea of what the crypto market looks like.

Easiest way to buy crypto with usd$ is opening an account with coinbase.

Good luck! Moon and lambos, or whatever the hell memes they use.

Bingo. I’ll be the first to admit that my understanding of markets from a technical standpoint is completely limited Cryptos. I’ve never bothered to look into how the stock market works. That said, there are much smarter people who give their time writing great technical analysis on these coins. It’s up to you to decide what you’re comfortable investing in. But, and I mean this is a large but, you want to look at the hype and shilling behind a coin. I made a godly amount of money on REQ because of 3 things. 1. The coin was cheap ($.11) 2. The product was being marketed as PayPal 2.0 for Crypto. 3. They were gaining a massive amount of reddit subscribers to their page DAILY. These all had the makings of a coin that was going to launch. I’d look at stats like daily subscribers as well as trying to pin down significant dates of their road maps.

If I was to do this again (and I am starting fresh with a new portfolio) I will be creating an excel file of all the coins I’m interested in. Of those coins I will be putting dates of significant milestones of their 2018 Road Maps. There’s a 90% chance the coins will pump if these milestones are met. It always happens. If you’re serious about making money, I’d suggest you do the same thing. I wish someone had done that for the Top 50 coins, but that would take forever.

+1 on CoinStats. I have Blockfolio, Delta & Coinstats and Coinstats is BY FAR the best one to use. It’s the most accurate and has the best functions. I ended up paying the $30/Year to support those guys.

I have 2 questions:

2. Is it safe to put your credit card details on Coinbase?

Although I haven't used it, from what I heard, Gemini is better than coinbase. But to answer your question, Yes I believe it is.

I dont trust this digital bullshit. I will always have my gold and land. Fck this bitcoin nonsense.

Never trust anything you cant touch motherfuckers.

Lol, I just paid off my Student Loans.

 

[Ezekiel 25:17]

Bingo. I’ll be the first to admit that my understanding of markets from a technical standpoint is completely limited Cryptos. I’ve never bothered to look into how the stock market works. That said, there are much smarter people who give their time writing great technical analysis on these coins. It’s up to you to decide what you’re comfortable investing in. But, and I mean this is a large but, you want to look at the hype and shilling behind a coin. I made a godly amount of money on REQ because of 3 things. 1. The coin was cheap ($.11) 2. The product was being marketed as PayPal 2.0 for Crypto. 3. They were gaining a massive amount of reddit subscribers to their page DAILY. These all had the makings of a coin that was going to launch. I’d look at stats like daily subscribers as well as trying to pin down significant dates of their road maps.

If I was to do this again (and I am starting fresh with a new portfolio) I will be creating an excel file of all the coins I’m interested in. Of those coins I will be putting dates of significant milestones of their 2018 Road Maps. There’s a 90% chance the coins will pump if these milestones are met. It always happens. If you’re serious about making money, I’d suggest you do the same thing. I wish someone had done that for the Top 50 coins, but that would take forever.

+1 on CoinStats. I have Blockfolio, Delta & Coinstats and Coinstats is BY FAR the best one to use. It’s the most accurate and has the best functions. I ended up paying the $30/Year to support those guys.



Although I haven't used it, from what I heard, Gemini is better than coinbase. But to answer your question, Yes I believe it is.



Lol, I just paid off my Student Loans.

Thats great. My friend just made a few thousand off it in days....its great for now....all im saying is i dont trust it going down the road. There are way too many risks and security issues that people seem to be overlooking.

10 years from now we will see where bitcoin is at. Just remember, we live in an era where everbody wants to make fast money, but they always end up scratching their heads in the end.

 

[Der Eisbär]

Thats great. My friend just made a few thousand off it in days....its great for now....all im saying is i dont trust it going down the road. There are way too many risks and security issues that people seem to be overlooking.

10 years from now we will see where bitcoin is at. Just remember, we live in an era where everbody wants to make fast money, but they always end up scratching their heads in the end.

If bitcoin hasn't collapsed in a decade from now, it will be worth 1 million dollars.

 

[SwamiLeoni]

Thats great. My friend just made a few thousand off it in days....its great for now....all im saying is i dont trust it going down the road. There are way too many risks and security issues that people seem to be overlooking.

10 years from now we will see where bitcoin is at. Just remember, we live in an era where everbody wants to make fast money, but they always end up scratching their heads in the end.

No doubt. Even if the market drops 75% tomorrow, I don’t think it’s going away. I don’t think it will ever vanish. And if it does, it’ll mean this whole industry was a pointless venture. That’s why I’m investing in QASH. Because when the dust settles institutional investors will be the big players and I want to make sure I’m holding a token they’ll be using consistently. That’s the hope at least.

 

[Tamriel Terror]

Bitcoin is rising quite a bit right now and lots of alt coins are dropping by quite a bit. Not to mention Binance is closed to people trying to register. I could see some major gains after this dip.

 

[Nimrod]

This is interesting stuff..

Just read Zukkerberg is looking into this for Facebook!

What will that do to this market?

 

[Nimrod]

Whats everybodies ico's?

 

[rj144]

So, I randomly put $1 to $5 in a bunch of random penny cryptos a month or so again hoping one or two would take off eventually. (I normally research, but $1 to $5 each isn't a big deal.) Together, all have more than doubled. But the biggest mover has been XP (Experience Points). It's increased by about 500x's in one month.

You guys might want to look into it.

 

[SwamiLeoni]

So, I randomly put $1 to $5 in a bunch of random penny cryptos a month or so again hoping one or two would take off eventually. (I normally research, but $1 to $5 each isn't a big deal.) Together, all have more than doubled. But the biggest mover has been XP (Experience Points). It's increased by about 500x's in one month.

You guys might want to look into it.

It's a good idea to set 10% of your holdings for FOMO and vaporware, but I've played that game before and got burned. I should set up a new $1,000 folio and do what you're doing just for fun. But I like accumulating the Blue Chips personally.

 

[Der Eisbär]

Just joined a discord pump and dump group with 100k members. They set alerts for a pump 2 to 3 times a week and all go in and pump a coin, bring in fomo money and then dump their holdings. Going to be interesting to watch

 

[rj144]

It's a good idea to set 10% of your holdings for FOMO and vaporware, but I've played that game before and got burned. I should set up a new $1,000 folio and do what you're doing just for fun. But I like accumulating the Blue Chips personally.

I actually only bought 50 cents worth of XP originally. I thought I originally bought more. Oh well, I materialized actual money for the price of a can of Coke... not too bad.

Of course, a lot of the coins I bought have done nothing and lost money.

 

[CerebralKnievel]

Just joined a discord pump and dump group with 100k members. They set alerts for a pump 2 to 3 times a week and all go in and pump a coin, bring in fomo money and then dump their holdings. Going to be interesting to watch

How'd you join?

Edit: ah... Discord is a messaging app?

 

[rj144]

Damn if I would have invested $5k in XP when I did, which I could have done financially speaking, but it would have been stupid... it would be $4 million now.

Oh well... them's the breaks.

 

[Der Eisbär]

How'd you join?

Edit: ah... Discord is a messaging app?

Yeah its a chat room and voice chat app. I've seen dozens of these groups but the size of this one caught my attention so i finally signed up. Think slack + ventrillo/teamspeak

 

[SwamiLeoni]

Just joined a discord pump and dump group with 100k members. They set alerts for a pump 2 to 3 times a week and all go in and pump a coin, bring in fomo money and then dump their holdings. Going to be interesting to watch

Which group is this?

 

[DrTrouble]

Just joined a discord pump and dump group with 100k members. They set alerts for a pump 2 to 3 times a week and all go in and pump a coin, bring in fomo money and then dump their holdings. Going to be interesting to watch

What’s the group?

 

[PaleMoonlight]

Noob here but willing to try this out with maybe $500 investment.

1) To understand it more, there's different digital currencies and different values? In other words, I'd be investing in a currency and not all of them will be successful?

2) I need a digital wallet to buy these currencies. Is there one that you guys suggest?

3) Which currencies do you guys suggest for a beginner?

Thank you Sherbros