Messages

1

Useful Cryptocurrency Resources / Re: SHORT HISTORY OF BITCOIN. THE RISE AND RISE.

« on: August 23, 2019, 11:01:50 AM »

isn't the usual cost difference after every halving around 10x?
seems to be, at least from my experiences.
thus, i am only investing in alts short term, trying to scalp as quickly as possible so that i can maintain my btc reserves

2

Useful Cryptocurrency Resources / Re: Is there a resource that provides beginners with the necessary information about

« on: August 23, 2019, 10:58:22 AM »

going to a local meet up is best, as following youtube channels or reading too much news will sway you in way that you might not want to go
at least with face to face crypto meetups, you can judge people's characters a bit better.
read about the technology you are possibly investing it before jumping in, especially if you are going for long-term HODL.
if anything else, check out automated trading, as it removes the emotional stress of trading and saves you from having to investigate every coin on an exchange.

3

Crypto Discussion / Re: Are you using less Bitcoin?

« on: August 23, 2019, 10:54:50 AM »

i use bitcoin to buy digital assets, but rarely for big purchases as i worry about the upcoming halving
i spend, on occasion, profits that i have made through trading, but only if its overly successful and doesnt eat into the assets i put up for trade

4

Crypto Discussion / Re: Finish this: You know you're a serious cryptocurrency enthusiast when...

« on: August 23, 2019, 10:53:24 AM »

when you have multiple terminals of automated trading running, as well as alarms for sudden drops, emails when sells and buys take place, and multiple hardware wallets...
as well as box full of merch from random crypto currency companies you've worked for.

5

Crypto Discussion / Re: Bitcoin Debit Cards Now Available in Australia

« on: August 23, 2019, 10:51:45 AM »

Still no card in the US eh? shame really.

i'm fairly sure the US has bitcoin debit cards
there is just a lot of legal problems with it, due to KYC and taxation that is still uncertain

6

Crypto Discussion / Re: Landmark bitcoin decision expected today in European Supreme Court

« on: August 23, 2019, 10:49:55 AM »

nice
i wish they would hold a summit and just decide what they want to do with blockchain / crypto currencies
this people dragging their feet for this long is scaring away new investors, and literally doing nothing to change the minds of long term investors or HODL'ers

7

Trading / Re: Coinbase Is Adding Support For Eight New Cryptocurrencies

« on: August 23, 2019, 10:04:56 AM »

Nice.
most entry level consumers use coinbase to get their feet wet within the bitcoin realm.
its how i got into bitcoin years ago, even though i didn't use it for long, as i preferred hardware wallets and automated trading for short term trades.

8

Trading / Re: Where can I convert bch to btc?

« on: August 23, 2019, 10:03:41 AM »

most markets / exchanges will do that for you, as well as any other coin.
just make sure that you double and triple check the wallet you get on an exchange so that you don't lose the coins that you are trying to convert.

9

Trading / Re: Why Bitcoin is Declining? And What’s Next?

« on: August 23, 2019, 10:02:18 AM »

Bitcoin is declining because people are losing interest and the economy is going crazy in different countries.
America is in decline, china is having protest, brazil is on fire.
if and when things calm down, people will most likely feel comfortable investing in things again.
not much a market can do when its users are stressing about their bills and gas prices.

10

Trading / Re: Binance in Hot Water After Private Customer ID Data Shared Online

« on: August 23, 2019, 10:00:00 AM »

this is stress
especially if someone grabs those photos and uses it to bypass kyc on other exchanges later on down the line.
would hate to get random tax bill for someone else's crypto
this is why we need to keep our feet on the throats of these exchanges that are making millions if not billions off of this burgeoning technology.

11

Trading / Re: A helpful article about basic safety rules for exchange platforms

« on: August 23, 2019, 09:57:00 AM »

most apis disable withdrawl options
also its always important to have 2fa enabled as a very first step.
using private secured internet connections is also important, but it seems that too many people are willing to trade in the middle of an open wifi at starbucks, then get confused when their data gets leaked.
hopefully those that lose out learn their lessons as inexpensively as possible.

12

Trading / Re: Will stellar surge $0.2 by end of this year?

« on: August 23, 2019, 09:48:51 AM »

Stellar and all the other alts, even btc is slowed down a bit.
What do you think stellar has coming up that would make it have more growth than bitcoin?
I always pair growth of an alt to btc and usually kick myself for not simply hodling.
I prefer short term trades than hoping for the best.

13

Trading / Re: I was reading this article about the different types of cryptocurrencies

« on: August 23, 2019, 09:43:52 AM »

It would depend on your geography and what is allowed by law and taxes.
also, consider if you want to invest in technology because you believe in it, or because you think it will moon.
I have a couple of random bags of coins that I got when automating my trades, but overall I only made real money on coins like neo, eth, and the mcdonalds related coin... omg i think it was.
if you feel like legality might become an issue, there's not much to do but fall into line with your local rules and regulations on cryptocurrencies.

14

Trading / Re: Which is more profitable, trading in Crypto coins or trading in stock market??

« on: August 23, 2019, 09:04:21 AM »

i've seen people become near millionaires by simply buying into ico's went coins were cheap and then holding them for a few years
with stocks, there is a lot of paperwork, taxes, and responsibilities associated with it, as well as having to usually hire someone to manage your portfolio
i prefer investing in digital assets, as its easier to secure on your own, and easier to track in a non-traditional cyber nerd kind of way

15

Trading / Re: I want to know if it is true. And how so?

« on: August 23, 2019, 09:00:25 AM »

I find it best to use long standing exchanges with a variety of good coins being traded, as well as a decent amount of volume.
Otherwise I worry that my deposit will disappear randomly, with the website, or that the exchange will undergo a random "hack" and i'll lose everything.