Cryptocurrency - a few tips from an old hand

[JonesBones]

Warren Buffett's teachers didn't like him very much. The teacher retirement plan's main holding was AT&T. He came into school one day and showed them a receipt showing he is shorting AT&T. Now that is bad ass. I think Buffet bought his first stock at 11 years old.

 

[CerebralKnievel]

I just like calling the shots. I spend most of my money safe stuff but need some YOLO in my life. It's like a sport or something. Football. These guys are adjusting their defense for this or that formation. Every move creates a counter move. Calling audibles. I am like a coach and my stocks are my players. My portfolio is my team.

I like how Kevin O Leary talks about putting money "in harm's way". That is what I do. I am putting my soldiers on the field to fight.

I think everyone in this thread enjoys active investment.

I cashed out a 5k savings account I had and used some of it to play around with in crypto. Put a few grand into my IRA as well, of course. Made much more on the crypto in the three months.

 

[JonesBones]

I think everyone in this thread enjoys active investment.

I cashed out a 5k savings account I had and used some of it to play around with in crypto. Put a few grand into my IRA as well, of course. Made much more on the crypto in the three months.

I often act like an ass but that is one of the main things I enjoy about trading. I TOLD YOU SO. lol. As Gore Vidal said those are the most satisfying words in the English language. And that is what Buffet did to his teachers. It was a big "fuck you" moment. I love that stuff. But of course hate being on the receiving end of it.

 

[JonesBones]

I think everyone in this thread enjoys active investment.

I cashed out a 5k savings account I had and used some of it to play around with in crypto. Put a few grand into my IRA as well, of course. Made much more on the crypto in the three months.

Swing trades can be smart and cautious too. Here is one I am looking at. UGAZ. Natural Gas ETF.



Start that video at about 5:45 and watch a for a few minutes and tell me what you think if you can. His reasoning. I think it could be a good swing.

 

[CerebralKnievel]

Swing trades can be smart and cautious too. Here is one I am looking at. UGAZ. Natural Gas ETF.



Start that video at about 5:45 and watch a for a few minutes and tell me what you think if you can. His reasoning. I think it could be a good swing.

Makes sense. That's the same game I was playing with LTC (when it was still swinging wildly enough for me to make any money doing so - but between 190-200, meh).

I just don't get down with day trading as I'm not set up for it. Just put my money into an IRA on my desktop every few months and largely ignore it.

 

[CerebralKnievel]

I often act like an ass but that is one of the main things I enjoy about trading. I TOLD YOU SO. lol. As Gore Vidal said those are the most satisfying words in the English language. And that is what Buffet did to his teachers. It was a big "fuck you" moment. I love that stuff. But of course hate being on the receiving end of it.

I realized today you aren't the same JohnnyBones guy from heavies that I'd mistaken you for months back. He's operating with probably 15-20 active brain cells, and I couldn't comprehend why there was such a difference in your writing styles for the longest fucking time...

 

[Hog-train]

While there will always be competitors, so far there is only one serious competitor to Power Ledger - that’s We Power. And they target a totally different market from POWR and have a different use case. Their team is also not as deep and broad, as they rely largely on contractors.

I have no doubt in my mind there will be several more competitors in the future - but what I do know is Power Ledger has a massive first mover advantage, a working product already being piloted successfully in Australia and Southeast Asia (and North American expansion just about to begin).

Then you have Jemma Green, the CEO of Power. She’s not only intelligent and well connected with the likes of Richard Branson, but she is also Mayor of Perth so she has political clout to help drive this project forward.

These are just some of the reasons why I’m bullish on POWR.

PPT (PIllar) had the first mover advantage against Ethos and was also similarly hyped. Same idea. Now it looks like Ethos may come out ahead. So who knows?

First mover advantage doesn't mean anything. Netscape came out before Internet Explorer which in turn got overtaken by Google Chrome.

 

[Hog-train]

You're totally right, and your points apply for market huters trying to get rich quickly. I believe several of the people here are guys like me, that are curious but have no high expectations. With the money i put in, I wouldn't be rich even if I managed to multiply the sum by 100.
No way I can expect to predict the market, so I've been reading here (sherdog) and there (rest of the internet thanks to nice links and references given by some members here) and can agree that some of the projects sound interesting. I really like Ethereum, others are more speculation, but let's face it... If at the end of the year i made 10% i would be happy while having learned quite a bit about the subject.

The "safest" out of the coins is Ethereum. If you want to park it and forget it, I would get Ethereum.

Just know this:

Digital currencies (BTC, LTC, etc) are overvalued. And blockchain protocols (Ethereum, etc) are undervalued.

IMO, Ethereum will be worth 3-4k by the end of the year. All the promising ERC20 tokens are built upon Ethereum.

 

[taurus]

Hey man, haven't really looked into any of those in detail but will share a few thoughts on what I know.

Blockport - seems a solid decentralised exchange, but we have so many of these so what's the real USP?

Self-key - not personally very impressed. The Key and Civic are better prospects imo, TKY because it's got Chinese backing and working pilots in progress (but higher risk too), and CVC because it's already well established, with first mover advantage and a pretty decent project lead. TKY had a disastrous ICO though, so that really turned me off.

And in the AI sphere, I personally prefer AGI to DBC, higher quality project with a superstar team and solid partnerships (Nexus) - but there is enough room in the industry for both to co-exist.

Thanks. Yeah, chinese backing is always good. I think Neo takes over IOTA in the long run, solely due to chinese connections. I still think i'll take a small amount of Blockport, just for the fun of it, in case it surges.

 

[Nik123]

PPT (PIllar) had the first mover advantage against Ethos and was also similarly hyped. Same idea. Now it looks like Ethos may come out ahead. So who knows?

First mover advantage doesn't mean anything. Netscape came out before Internet Explorer which in turn got overtaken by Google Chrome.

Actually, that is incorrect. Ethos has the first mover advantage over Pillar - the Pillar CEO even admitted he started the project because he was 'inspired' by Ethos. And another point, they are similar, but not the same. Ethos has a much wider scope.

And first mover advantage does mean something when you are striking partnerships with companies that will give you a leg up towards releasing your product towards your target audience first, and therefore capturing market share ahead of your competitors. But in my post, I mention several other factors in addition to first mover advantage, so that should not be taken out of context.

I have actually had the chance to personally ask direct questions to the CEOs of both Ethos and POWR, so I base my judgement on a lot more than first mover adavantage.

Granted, all of this only matters if your product is any good and gets mass adopted. In the case of Ethos and POWR, it is going in the right direction from the information I have gathered so far.

 

[Hog-train]

Actually, that is incorrect. Ethos has the first mover advantage over Pillar - the Pillar CEO even admitted he started the project because he was 'inspired' by Ethos. And another point, they are similar, but not the same. Ethos has a much wider scope.

And first mover advantage does mean something when you are striking partnerships with companies that will give you a leg up towards releasing your product towards your target audience first, and therefore capturing market share ahead of your competitors. But in my post, I mention several other factors in addition to first mover advantage, so that should not be taken out of context.

I have actually had the chance to personally ask direct questions to the CEOs of both Ethos and POWR, so I base my judgement on a lot more than first mover adavantage.

Granted, all of this only matters if your product is any good and gets mass adopted. In the case of Ethos and POWR, it is going in the right direction from the information I have gathered so far.

Ahh thanks for the correction. Well I'm already invested in like 7 different ERC20 tokens and was considering buying a wallet like PLR and EThos - just seems like there are so many options. But this is a bull market right now. And will be for a few months IMO.

I have USD on the sidelines for now to buy ETH on the dip (other than my current port.)

Correction- it will be a bear market. Not bull.

 

[Nik123]

Ahh thanks for the correction. Well I'm already invested in like 7 different ERC20 tokens and was considering buying a wallet like PLR and EThos - just seems like there are so many options. But this is a bull market right now. And will be for a few months IMO.

I have USD on the sidelines for now to buy ETH on the dip (other than my current port.)

No worries. Well if you want to buy a wallet you know which one I’m gonna recommend.

By the way, if you’re in the market for a new infrastructure coin - have a look at ArcBlock. Just came out - not even listed on major exchanges yet but listing on OKEX and a couple more within hours. This is an EOS/Ethereum competitor so could potentially go very far. Solid technology, decent team, and huge community hype.

 

[Hog-train]

Ahh thanks for the correction. Well I'm already invested in like 7 different ERC20 tokens and was considering buying a wallet like PLR and EThos - just seems like there are so many options. But this is a bull market right now. And will be for a few months IMO.

I have USD on the sidelines for now to buy ETH on the dip (other than my current port.)

Correction- it will be a bear market. Not bull.

I meant to say bear market.

 

[JonesBones]

Ok, bitcoin hit 10,500 in the last 12 hours. SOLD. made 600 dollars in my sleep. Buying again at 9600 now.

Sold for 10,600 today. Could have sold for higher but I will just call it at 10,600. I win. I be swinging. Batter up motherfucker

 

[Cool Hand Luke]

I'm not criticizing here or trying to be condescending but what you're doing @JonesBones is extremely simplifying something like buying low and selling high. Sure, AFTER a coin hits a low number, you can say 'See, I bought some there, now I'll sell high.' Again, AFTER the coin hits a sell-able level you can easily say 'There now I sold it, see guys, I made a lot of money, simple right?' When you have actual money invested, you don't have the benefit of the hindsight to say what you would have done. Not sure if I make sense at all, I'm not investment expert.

 

[JonesBones]

I'm not criticizing here or trying to be condescending but what you're doing @JonesBones is extremely simplifying something like buying low and selling high. Sure, AFTER a coin hits a low number, you can say 'See, I bought some there, now I'll sell high.' Again, AFTER the coin hits a sell-able level you can easily say 'There now I sold it, see guys, I made a lot of money, simple right?' When you have actual money invested, you don't have the benefit of the hindsight to say what you would have done. Not sure if I make sense at all, I'm not investment expert.

Bitcoin has been in a range I said it would be in. It is what most speculators do. They buy at a price, and have a certain target price they will sell at. I will sell once it hits 10,500 and buy when it goes under 10,000. I said bitcoin is a buy below 10k. There is no hindsight here. It was foresight. I already said that bitcoin is about the easiest swing there is. This is very low level stuff. Predicting other things is much harder. It isn't a commentary on how easy swing trading in general is. It is a commentary on how easy swinging Bitcoin is.

People following my specific advice would have made thousands in a few days.

 

[JonesBones]

Steve Wozniak had bitcoins stolen. Is it really this easy?

"Somebody bought them from me online through a credit card and they cancelled the credit card payment," he went on to say. "It was that easy. And it was from a stolen credit card number so you can never get it back."

Wozniak said he bought the bitcoin when it was priced at $700, but his loss would be valued at approximately $71,400 today.




Nonetheless, Wozniak is still a cryptocurrency proponent, having maintained his bitcoin holdings up until late last year.

"Bitcoins to me was a currency that was not manipulated by the governments. It is mathematical, it is pure, it can't be altered," Wozniak was quoted as saying.

https://www.coindesk.com/tech-legend-steve-wozniak-scammed-70k-bitcoin/

 

[JonesBones]

I realized today you aren't the same JohnnyBones guy from heavies that I'd mistaken you for months back. He's operating with probably 15-20 active brain cells, and I couldn't comprehend why there was such a difference in your writing styles for the longest fucking time...

tbh, I am even more of a shit poster in the heavies than here. lol. Here can actually turn into serious discussion though. Which I like. There is still some playfulness and slight trolling. Nice balance I think. But I don't use much brainpower in the heavies. And sometimes here too. And everywhere. I am lazy.

 

[Nik123]

For those interested, Ethos price going up very strongly despite the bear market in anticipation of the UW release. Yesterday was a good time to get on the Ethos train...failing which, today is still a good day as the gains leading up to UW are going to be considerable, judging from the previous ATH.

 

[Nik123]

I meant to say bear market.

Yeah, I thought you did.