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#31
Dec 4 2017 04:47am
Quote (Happypuppy @ 4 Dec 2017 07:42)
Can u hack it so u have a million cryptocoins
Or just make up ur own currency?


no
yes you can, but it will be worthless :Y
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#32
Dec 4 2017 09:03am
IOTA blew up, trading at 2.46 now. In top 4 coins.
NAV / SALT / NEO / SIA all pumped while rest of market dumped.

ARK / VTC went down, could be good buys rn.
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#33
Dec 4 2017 10:16am
Quote (Lancet_Jade @ Dec 2 2017 06:07pm)
Hello, I researched d2jsp and could not find any threads on Cryptocurrency. This is simply resources I think would be useful to anyone starting out.

Guides:
https://www.tradingheroes.com/cryptocurrency-trading-guide-beginners/#Exchanges (beginner's guide)
https://blockgeeks.com/cryptocurrency-investing/ (beginner's guide)
https://blockgeeks.com/guides/cryptocurrency-wallet-guide/ (wallet guide, much important)
https://www.lifewire.com/cryptocoin-mining-for-beginners-2483064 (cryptocurrency mining guide)

Trading Platforms (USD/EU -> Crypto)
https://www.coinbase.com/join/5a1f8594036e9302ab466d65 (easy to use, best place to start, only has three coins) (referral link, we each get $10 when you buy $100 worth of Bitcoin)
https://www.gdax.com/ (owned by Coinbase, lower fees, more advanced platform)
https://gemini.com/ (owned by Winklevoss twins, lower fees, fewer coins)
https://www.kraken.com/ (accepts multiple currencies [USD/EU etc], seems to have quite a bit of downtime though)
https://shapeshift.io/#/coins (never used)

Trading Platforms (Crypto -> Crypto, used to buy "alt coins", there are dozens of these)
https://bittrex.com/
https://www.binance.com/
https://www.bitfinex.com/

Reddits:
https://www.reddit.com/r/CryptoCurrency/
https://www.reddit.com/r/CryptoMarkets/

Youtube (the ones I found to be most unbiased):
https://www.youtube.com/channel/UCTKyJALgd09WxZBuWVbZzXQ/videos
https://www.youtube.com/user/chrisdunntv/videos

Other useful links:
https://www.coindesk.com/ (cryptocurrency news)
https://coinmarketcap.com/ (tracks cryptocurrency)
https://www.tradingview.com/markets/cryptocurrencies/ (advanced technical analysis tool for cryptocurrency)
https://www.investopedia.com/ (great for any financial terms)

Terms:
"HODL" = Hold (reddit joke)
"Fiat" = currency that a government has declared to be legal tender, but it is not backed by a physical commodity
"Ponzi scheme"" = scam
"FOMO" = Fear Of Missing Out
"FUD" = Fear, uncertainty, doubt
"Shill" = Attempting to increase hype over something
"Bagholder" = Someone who has been holding too long
"Moon/mooning" = Expectancy of something to rise very quickly
"Bear" = Market is going down
"Bull" = Market is going up
"Whale" = Someone who owns a lot of "x"
"Pump and Dump" = To increase hype over something that you already hold to increase value, then to sell after it spikes, mostly done by people with large followings.
"2FA" = Two factor authentication

Podcasts:
Unchained
The Cryptoverse

Books:
Digital Gold by Nathaniel Popper

Apps:
Google Authenticator (or similar)
Coinbase
Bitcoin Ticker (has individual widgets for each cryptocurrency)

What are some end of year expectations?
What does your portfolio look like?
What is your stance on Bitconnect? Ponzi or nah?

Let me know if I missed anything!


i have coinbase, i like it! i haven't invested yet though.
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#34
Dec 4 2017 11:19am
Quote (me1 @ Dec 4 2017 09:16am)
i have coinbase, i like it! i haven't invested yet though.


Beginner friendly interface, easy authentication, great customer support (in my experience). Shame they have such high fees and only three coins. But it's a great place to start. Rumor has it they are going to add coins soon.
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#35
Dec 4 2017 11:25am
Quote (me1 @ Dec 4 2017 10:16am)
i have coinbase, i like it! i haven't invested yet though.


Buy them on Coinbase

Transfer them to Gdax (same company, same account credentials)

Then from Gdax transfer it to your other wallet or use it to purchase the coin you want at actual market price or limit price you set

Or just deposit the funds directly to Gdax and wait, but instant purchasing is a very powerful tool in the crypto space

Will save you a good bit on fees and transfers between Gdax and CB are instant and free
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#36
Dec 4 2017 01:13pm
Quote (PurpleBuds @ Dec 4 2017 10:25am)
Buy them on Coinbase

Transfer them to Gdax (same company, same account credentials)

Then from Gdax transfer it to your other wallet or use it to purchase the coin you want at actual market price or limit price you set

Or just deposit the funds directly to Gdax and wait, but instant purchasing is a very powerful tool in the crypto space

Will save you a good bit on fees and transfers between Gdax and CB are instant and free


Yup GDAX is great for initial buy. More advanced platform.

Sign up with coinbase for free $10 then transfer to GDAX (verifying on coinbase app is far easier than GDAX platform)

This post was edited by Lancet_Jade on Dec 4 2017 01:26pm
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#37
Dec 4 2017 07:43pm
https://www.bloomberg.com/features/bitcoin-bulls-bears/

Very interesting read, what the top financial/economic folks are saying about cryptocurrency.
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#38
Dec 4 2017 08:03pm
The bandwagon is truly in full effect. A few people made some incredibly risky investments a decade ago and suddenly everyone is getting involved years too late.

Keep pumping the Bitcoin price up when there's much bigger returns on other coins, as all the late chumps get involved.
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#39
Dec 4 2017 08:16pm
Quote (SenorNZ @ Dec 4 2017 07:03pm)
The bandwagon is truly in full effect. A few people made some incredibly risky investments a decade ago and suddenly everyone is getting involved years too late.

Keep pumping the Bitcoin price up when there's much bigger returns on other coins, as all the late chumps get involved.


Yea BTC is pretty useless as a currency, it's truly a commodity. But the ship hasn't sailed yet on BTC, it's the lifeline of the cryptocurrency market until true altcoins come up with groundbreaking public use technology.

I'm sure many of the same statements were made when BTC was at 300, 1k, 5k, 7k.
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#40
Dec 4 2017 08:17pm
Quote (Lancet_Jade @ Dec 2 2017 06:07pm)
What are some end of year expectations?


Not year end expectations, but overall, i think cryptocurrencies are in a bubble. Everyone is trying to get into them, most likely because there are headliner gains be made by some people. It isnt currently a good store for money as they are pretty volatile. Not really used as a currency as most people trade to make money. Obviously this could change.


How long does it take for a market order transaction to go through? and how much of a premium do you have to pay to get priority for trading or is that fee something that changes depending on the demand? I guess im a little curious.

Quote (Lancet_Jade @ Dec 3 2017 02:53pm)
Did the great depression or the great recession destroy the stock market? No. Will the cryptocurrency bubble destroy cryptocurrency? No. It's here to stay.


Stocks arguably have a much easier to see intrinsic value. Cryptocurrencies depend on having enough people believing there is a value in them. Have you heard of the tulip bubble?

This post was edited by cialda on Dec 4 2017 08:22pm
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