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Bitcoin explosion and ALT coins thread

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Todd Gack said:
in the past, exchanges have been prone to getting hacked so most people recommend storing your crypto on a separate “wallet.” These can range from a dedicated crypto wallet app on your phone to an online external storage device(cold wallet).

If you search for “crypto wallet” on google you should get a ton of information.
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I got remote trezor wallet lol
 
I am currently looking at blockchain projects in the data & machine learning space.
I believe this will be a massive growth area over the next year and following years.
Major gains to be made and a chance to buy in early to services that will be in big demand.
I am still sorting the wheat from the chaff.
 
Todd Gack said:
in the past, exchanges have been prone to getting hacked so most people recommend storing your crypto on a separate “wallet.” These can range from a dedicated crypto wallet app on your phone to an online external storage device(cold wallet).

If you search for “crypto wallet” on google you should get a ton of information.
Click to expand...
Thanks, I’ll look into it
 
Cool Hand Luke said:
a buddy of mine who is heavily into this says 10k right around the same time BTC hits 100k

he's putting EVERYTHING he can into those 2 coins.
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Ethereum is the backbone to the altcoin and defi market. Some people think ADA may steal some of its market share, and it will, but it’s still the the king of Alts and will remain there for the foreseeable future. I haven’t kept up with its progress but I believe Layer 2 will be coming soon that should reduce swapping and mining fees. That seems to be the biggest issue. If you want to swing trade on defi shitcoins, it can cost you up to $200 regardless of the amount of coins you’re swapping. It’s terrible and pushes people away. As far as ADA is concerned, it may be a faster chain but their governance model is still under question. They’re using delegated proof of stake similar to EOS meaning the largest holders get more votes. This can eventually lead to a centralized chain which is off putting for a lot of people. I haven’t done a great amount of research on it but that’s the sentiment I get from the community. The price is going up because their mainnet is launching soon.

dirtypablo said:
Damn, good find. I might throw a little cash at that as well. What exchange are you using to buy it?
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I picked it up using the Coinbase wallet. I just swapped it in the native up and didn’t go through uniswap. The swap cost me $140. Total BS. There is a few marketplaces I believe. If you go onto CoinMarketCap.com and click on the coin you’re interested in, there’s a button on there called “markets”. If you click that it’ll show you every place that coin is listed on.

For defi coins, you’re looking at Ethereum and Binance Smart Chain. Those are the two biggies. When swapping ETH, make you have enough gas to make the swap or it won’t process.

I can’t give you a + / - on Asko now. I made a nice profit, but it’s launched so much already. Their mainnet goes live tomorrow so you may see it pumping today and then drop tomorrow. However, there are more coins staked on the site this morning than there were last night so it’s a crap shoot.

Here’s my strategy for shitcoins. There are a few subreddits I go to that’ll mention coins that might launch. I take the ticker and head over onto Twitter and do a search for it ($ASKO for example). I start looking into what people are talking about and often times you’ll have people shill it and chart it. I also go into the telegram and see what people are talking about in there. It’s obviously a hype party but you can sift through that to find good content. Plus, people are generally happy to help. I also add it to my CoinMarketCap app as a favorite to keep and eye on it there.

I was late to the defi train, but my 2017/18 strategy remains. Low cap shitcoins > mid cap coins > established projects and hodl. All of the money I make will be funneled into VeChain / ETH / BTC. Have any questions or need help shoot me a PM anytime.
 
GeorgeO said:
What do you mean?
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Like buying it on coinbase and leaving it there. Or buying it on binance and leaving it there. You can make a wallet on your desktop that holds your crypto or even buy a hard wallet ex ledger nano.

just google horror stories of people on Coinbase and other platforms being locked out and never getting back in. These people are hard as fuck to contact about issues.
 
TestosterOWN said:
Like buying it on coinbase and leaving it there. Or buying it on binance and leaving it there. You can make a wallet on your desktop that holds your crypto or even buy a hard wallet ex ledger nano.

just google horror stories of people on Coinbase and other platforms being locked out and never getting back in. These people are hard as fuck to contact about issues.
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Thanks, I will look into it
 
TestosterOWN said:
Like buying it on coinbase and leaving it there. Or buying it on binance and leaving it there. You can make a wallet on your desktop that holds your crypto or even buy a hard wallet ex ledger nano.

just google horror stories of people on Coinbase and other platforms being locked out and never getting back in. These people are hard as fuck to contact about issues.
Click to expand...

100%. Not your keys, not your coins. All of my high value holdings are in a ledger. These are assets, remember that. On the flip side I have been considering putting my BTC on BlockFi to earn that 6% interest lol. They’re backed by Gemini, but still it’s risky. I wish I could lend my BTC in a safer way but that’s not an option yet.
 
$PLT, keep an eye on it. Trading at .09 with a 10:1 token split incoming and rebranding to $ADD. Devs seem really active and keep their community posted which is always a good sign. I’m probably going to toss in $2-3k. Still not 100% but it’s got potential.
 
dirtypablo said:
That's what I ended up doing - pulling my initial investment. Of course now I'm kicking myself because it's gone up another ~.3 since then.
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Fucking hell this is why you don't try to time the markets, it's now up to closer to 1.80. I'm still holding a couple thousand coins and now in the dilemma of do I cash out more or keep on holding.
 
I picked up 150k shares of BTT to satisfy my gambling itch. Axion is also looking very interesting to me but I hate using dex's right now these gas fees are out of control. On their discord they said purchase would be available directly from the website soon. Anyone have any thoughts on Axion long term?
 
I've been into projects that have good utility that are interesting. Cel token, of Celsius Network, banking on the blockchain, has done incredibly well.

Also Presearch, Pre token, is a decentralized search engine. I'm hosting some nodes on the decentralized network that is still in beta testing. You can stake token on your search nodes to earn per search once it goes live. Also you can stake keywords directing high search results. Not sure of the upside of Presearch yet, whether it will take hold and increase a lot, but I like contributing to decentralized competition against big tech. They pay a little token for search to incentivize use if you sign up, or can just use the search without registering.
 
dirtypablo said:
Fucking hell this is why you don't try to time the markets, it's now up to closer to 1.80. I'm still holding a couple thousand coins and now in the dilemma of do I cash out more or keep on holding.
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You can't go crazy trying to time the market. You got your money out and realized, right? Let the rest ride.
 
THC said:
GRT has been skyrocketing and instead of buying I just keep watching it do so
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I saw that,it's a unique token,Bit too much so. Staying away might be a good idea. But the thing is to find tokens that do something others don't. So many tokens not enough cash.
 
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lowlife said:
I picked up 150k shares of BTT to satisfy my gambling itch. Axion is also looking very interesting to me but I hate using dex's right now these gas fees are out of control. On their discord they said purchase would be available directly from the website soon. Anyone have any thoughts on Axion long term?
Click to expand...

I'm more of a pump and dump kinda guy.
 
If I take my Bitcoin out of coinbase and put it into a wallet how do I continue to gain value on that?
 
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