Cryptocurrency - a few tips from an old hand

[Nik123]

@Nik123 - Just spitballing here. If BTC hits 25,000 USD by the year's end, how do I capitalize on this? Put 10 grand down and cash in 35k at the end of the year? Can I even facilitate a sell like that in Binance or whatever?

I’m not your financial advisor buddy, you should seriously do some of your own research - not least to get a sense of comfort that you understand what you are investing in.

With that said, there is talk about the SEC making a decision on a bitcoin ETF in August. This is massive news, and if it goes well will signal the start of real institutional money.

So what I am doing is keeping a small fraction in bitcoin, and the rest of my portfolio in solid altcoins - and holding for the long term. Any bitcoin ETF action will open the floodgates for trillions of dollars to flow into this market - cascading down from BTC to the altcoins with real use cases. The real value proposition of crypto and the new economy will truly be felt and appreciated in the next decade, not in 6 months. So don’t be in a rush to cash out, and understand that this is still a high risk high reward investment.

 

[Strychnine]

I've said it once and I'll say it again..

Do NOT invest more than you can afford to lose.

 

[JonesBones]

Hey @Nik123 give us an update how your coins are doing since the date you made this thread.

Tell us the percentage people would be up or down.

 

[Nik123]

Hey @Nik123 give us an update how your coins are doing since the date you made this thread.

Tell us the percentage people would be up or down.

Dear Retard,

Are you unemployed?

I can just picture you. Sitting there scratching your ass in your dad's basement....you suddenly felt the urge to ask me the exact same question you have asked me about 20 times, and I have given you the exact same answer...20 times. And this all happened a few days ago.

What do you feel you are going to achieve asking for the 21st time?

I am truly sorry for the mess that is your brain.

With love,
Nik123

 

[JonesBones]

Dear Retard,

Are you unemployed?

I can just picture you. Sitting there scratching your ass in your dad's basement....you suddenly felt the urge to ask me the exact same question you have asked me about 20 times, and I have given you the exact same answer...20 times. And this all happened a few days ago.

What do you feel you are going to achieve asking for the 21st time?

I am truly sorry for the mess that is your brain.

With love,
Nik123

I can picture you, down more than 50% since making this thread. I don't have to picture it though. It is right in front of me.

What I am hoping to achieve is for you shut your charlatan mouth and admit you are a fraud. It is an objective fact. You suck. Admit it. Say how much you are down. You can't do it. You are too much a fraud to admit your massive fuck ups.

 

[Nik123]

I can picture you, down more than 50% since making this thread. I don't have to picture it is. It is right in front of me.

What I am hoping to achieve is for you shut your charlatan mouth and admit you are a fraud. It is an objective fact. You suck. Admit it. Say how much you are down. You can't do it. You are too much a fraud to admit your massive fuck ups.

Dear Retard,

It saddens me to even type this to you - but have you considered getting some help?

 

[JonesBones]

Dear Retard,

It saddens me to even type this to you - but have you considered getting some help?

Tell me your performance since you made this thread. Calling people retards when you are down 70% is not a good look. It is called denial. Admit your mistakes. All I ask is to calculate how much people would be down from listening to your dumb ass. You dance around that FOREVER. FRAUD.

 

[JonesBones]

Admit to people the performance of these coins in your own words and I will shut up. But you can't. Because you are a charlatan.

Give your ROI. Fraud.

 

[Nik123]

Tell me your performance since you made this thread. Calling people retards when you are down 70% is not a good look. It is called denial. Admit your mistakes. All I ask is to calculate how much people would be down from listening to your dumb ass. You dance around that FOREVER. FRAUD.

Dear Retard,

I understand you have short term memory (and attention deficit disorder), but I am not going to repeat myself ad nauseam to you. Most logical and normal people can see there is nothing fraudulent about a long term investment. You don't keep checking back every week and going 'aha! no millionaire yet. fraud!!'.

Here, a few links that may help. Keep away from the internet till you have had the chance to speak to someone to help your mental state. I am being serious.

ADD help:
https://www.helpguide.org/articles/add-adhd/managing-adult-adhd-attention-deficit-disorder.htm

Tips for low IQ:
https://www.vox.com/the-big-idea/20...-high-low-achievement-sat-anxiety-determinism

You may also have paranoid personality disorder, please learn more here -

https://www.psychologytoday.com/gb/conditions/paranoid-personality-disorder

Thanks,
Nik123

 

[JonesBones]

Dear Retard,

I understand you have short term memory (and attention deficit disorder), but I am not going to repeat myself ad nauseam to you. Most logical and normal people can see there is nothing fraudulent about a long term investment. You don't keep checking back every week and going 'aha! no millionaire yet. fraud!!'.

Here, a few links that may help. Keep away from the internet till you have had the chance to speak to someone to help your mental state. I am being serious.

ADD help:
https://www.helpguide.org/articles/add-adhd/managing-adult-adhd-attention-deficit-disorder.htm

Tips for low IQ:
https://www.vox.com/the-big-idea/20...-high-low-achievement-sat-anxiety-determinism

You may also have paranoid personality disorder, please learn more here -

https://www.psychologytoday.com/gb/conditions/paranoid-personality-disorder

Thanks,
Nik123

Dodge after dodge. ad hom after ad hom. That isn't the way one defends a position or reports its return on investment. Give me your ROI. I am not letting you slide until you do.

Give your ROI. Do that or do not respond. Calling people retards over and over while you have been proven one yourself is a not an answer. A long term investment? Should they have waited to invest till now or when you told them to months ago? They would be down 70% following your piece of shit brain.

Give your ROI since this thread started, retard. And only a retard thinks these are long term investments.

 

[Nik123]

Dodge after dodge. ad hom after ad hom. That isn't the way one defends a position or reports its return on investment. Give me your ROI. I am not letting you slide until you do.

Give your ROI. Do that or do not respond. Calling people retards over and over while you have been proven one yourself is a not an answer.

Dear Retard,

Back on the internet? This really isn't healthy for your sanity.

Scroll back to post after post of mine explaining (again and again) how ROIs on long term investments are not measured over weeks or months, but years. So for ...*sigh*...the hundredth time my deranged stalker, the true upside of this market will be felt over the next 2-5 years mid term, 5-10 years long term. And there are plenty of institutional investors that agree (George Soros, Mike Novagratz, Tommy Lee, Goldman Sachs, Bloomberg,...the list is massive).

Now really, go away. Shoo. If you are not retarded, then you must be a child, and this is getting embarrassing for you. And me, interacting with you to be honest.

 

[JonesBones]

Dear Retard,

Back on the internet? This really isn't healthy for your sanity.

Scroll back to post after post of mine explaining (again and again) how ROIs on long term investments are not measured over weeks or months, but years. So for ...*sigh*...the hundredth time my deranged stalker, the true upside of this market will be felt over the next 2-5 years mid term, 5-10 years long term. And there are plenty of institutional investors that agree (George Soros, Mike Novagratz, Tommy Lee, Goldman Sachs, Bloomberg,...the list is massive).

Now really, go away. Shoo. If you are not retarded, then you must be a child, and this is getting embarrassing for you. And me, interacting with you to be honest.

This is gaslighting bullshit. What is your ROI? You are throwing names around. All this shit. But not your ROI. Why won't you focus on the actual return on investment? Give that number.

 

[Nik123]

This is gaslighting bullshit. What is your ROI? You are throwing names around. All this shit. But not your ROI. Why won't you focus on the actual return on investment? Give that number.

Dear Retard,

I don't know whether to laugh or just be shocked by the level of intellect I am interacting with.

ROI? Hilarious.

You have already vomited out your limited understanding of the current return on investment about 30 times on this thread in an attempt to call it a fraud (''haha... TS is 70% down...haha...TS investments are 70% down''). That's pretty much all you have to say. Which says a lot.

So why are you asking me to repeat your ROI drivel? See what I mean about seriously getting help? You have clearly mental issues mate, get them looked up.

So now we have addressed your silly ROI question. And again, I will repeat - I could not care less if my current ROI was -1000%.

It is simply irrelevant, given the extremely short timescales we are looking at.

I am confident, as are many others who actually know anything about long term investing within a given risk appetite - that the collective ROI in this market will be mind boggling if the right projects are picked, over the next decade. The reasons for this are many fold:
- Institutional investment on-ramps being built
- First ever ETF likely to be approved in August
- Multiple hedge fund investors turning to crypto
- Multiple banks now racing to start crypto trading desks (Goldman, now Morgan Stanley, and this will just snowball)
- Real use cases being developed, and more importantly, real products being launched (eg. Ethos wallet)
- Working in finance, I have seen first hand how rapidly banks are adopting blockchain tech and cryptos as a new asset class

Now I have given you the dignity of a proper response though you do not deserve it given your level of understanding and intellectual rigour.

So read this carefully if you can - I am no longer going to interact/waste my time with you, and will stick to less embarrassing and more productive dialogue with adults who actually know what they are talking about going forward.

Now if you would please get back to your parents/carers, and let the adults talk. Thank you.

 

[minowasmullet]

What are your thoughts on the Ethos wallet so far @Nik123 . I feel like people were expecting a fully functioning wallet/cryptotrader/currency marketplace and having just the wallet has hurt Ethos through no fault of their own. (But I have no idea about crypto)

 

[Nik123]

What are your thoughts on the Ethos wallet so far @Nik123 . I feel like people were expecting a fully functioning wallet/cryptotrader/currency marketplace and having just the wallet has hurt Ethos through no fault of their own. (But I have no idea about crypto)

As a first release, I think it’s great. The look and feel is downright sexy - and it has already destroyed its nearest competition.

Given there are over 1600 crypto assets on the market, it’s unrealistic to expect all of them to be available on day 1 launch. But then again, a lot of people these days have a ‘I want it all and I want it now mentality’ with no patience or no strategic vision. I mean, look at JonEsBones

For me, the most important thing about the wallet is security, and the team have been rightly focused on that above all else. Now that the core product has been released - the fun can begin.

There is SO much more to come (more coins added, more wallet features, fiat gateway, checking accounts, debit/credit cards, integrated stock/shares investments, social module, token functionality etc).

And have you noticed the quality of the partnerships they have just announced? Goldman Sachs backed financial partnerships, formation of an SEC approved legal entity (Fusion) and working closely with Payroc - a solid merchant payments vendor. There are more to come. The Ethos COO, Stephen Corliss, is an ex-BlackRock executive with serious industry connections and contacts. This is the real deal.

Ethos is one of the most ambitious projects with the most powerful use case in crypto (mass adoption of crypto based financial services). A project of this scale needs time to fully deliver - it will be a powerhouse over the next few years. They have a superstar team to make this happen, and already have a huge following with no real marketing started yet. It’s a no brainer for the long term.

The goal is to take the over market share from Coinbase, and if they achieve even half of their vision - the sky is the limit.

 

[Strychnine]

As a first release, I think it’s great. The look and feel is downright sexy - and it has already destroyed its nearest competition.

Given there are over 1600 crypto assets on the market, it’s unrealistic to expect all of them to be available on day 1 launch. But then again, a lot of people these days have a ‘I want it all and I want it now mentality’ with no patience or no strategic vision. I mean, look at JonEsBones

For me, the most important thing about the wallet is security, and the team have been rightly focused on that above all else. Now that the core product has been released - the fun can begin.

There is SO much more to come (more coins added, more wallet features, fiat gateway, checking accounts, debit/credit cards, integrated stock/shares investments, social module, token functionality etc).

And have you noticed the quality of the partnerships they have just announced? Goldman Sachs backed financial partnerships, formation of an SEC approved legal entity (Fusion) and working closely with Payroc - a solid merchant payments vendor. There are more to come. The Ethos COO, Stephen Corliss, is an ex-BlackRock executive with serious industry connections and contacts. This is the real deal.

Ethos is one of the most ambitious projects with the most powerful use case in crypto (mass adoption of crypto based financial services). A project of this scale needs time to fully deliver - it will be a powerhouse over the next few years. They have a superstar team to make this happen, and already have a huge following with no real marketing started yet. It’s a no brainer for the long term.

The goal is to take the over market share from Coinbase, and if they achieve even half of their vision - the sky is the limit.

I have the funny feeling that I'll be GLAD that I got in on this...

 

[Nik123]

I have the funny feeling that I'll be GLAD that I got in on this...

Damn straight. Long term, it’s got all the hallmarks of a solid project.

If BlackRock do set up an ETF (with their little asset pot of 6 trillion dollars), you can be sure the two ex-BlackRock superstars on the Ethos team will be in touch. ; )

 

[tmnpothead]

So I'm trying to help a buddy of mine purchaw some bitcoin. We got the wallet set up and proof of identification and all that but keep getting an error message saying the visa card connected to his bank account will not allow the transaction. Will probably call and find out tomorrow what the deal is but does anyone know if we could just use a prepaid debit card if for some reason the bank will not allow the transaction

 

[SSgt Dickweed]

I’m not your financial advisor buddy, you should seriously do some of your own research - not least to get a sense of comfort that you understand what you are investing in.

With that said, there is talk about the SEC making a decision on a bitcoin ETF in August. This is massive news, and if it goes well will signal the start of real institutional money.

So what I am doing is keeping a small fraction in bitcoin, and the rest of my portfolio in solid altcoins - and holding for the long term. Any bitcoin ETF action will open the floodgates for trillions of dollars to flow into this market - cascading down from BTC to the altcoins with real use cases. The real value proposition of crypto and the new economy will truly be felt and appreciated in the next decade, not in 6 months. So don’t be in a rush to cash out, and understand that this is still a high risk high reward investment.

In doing my own research, is there anything you suggest? I get all my "advice" from yt vloggers. I want to learn as much that is crypto related that is as close to hard science as possible. If I learn to pick/trade regular stocks or forex too the better.

 

[Hog-train]

So I'm trying to help a buddy of mine purchaw some bitcoin. We got the wallet set up and proof of identification and all that but keep getting an error message saying the visa card connected to his bank account will not allow the transaction. Will probably call and find out tomorrow what the deal is but does anyone know if we could just use a prepaid debit card if for some reason the bank will not allow the transaction

Most banks will not allow credit cards to buy Crypto. You have to use bank transfer or debit.