Support NeoGAF

[KaitlyynDuff]

With the popularity of digital cash or cryptocurrency, there is no doubt that it might become one of the most used payment methods. The best thing about it is that it is decentralized. This simply means that the government or any central authority has no control over your transactions. However, it is best to make sure that you have the basics down so that it wont be difficult for you to navigate or use Bitcoin or other cryptocurrency. The transaction fees is not too expensive. As a matter of fact, some coins does not have transaction fees at all. You might want to check this out if you want to learn more about Bitcoin https://learncrypto.com/knowledge-base/cryptocurrency/bitcoin

 

[Ascend]

Ravencoin is going crazy. I mined it for a bit when it just came out. I should take a look how many I have lol.

 

[Wandering Leopard]

I still have a lot to learn but bought a little ADA this week and I'll be in it for the medium to long term.

I plan to buy a few more alts next week, will be reading up on:
Theta
VET
IOTA
Golem
Waves

 

[sackings]

BNB

 

[daclynk]

guys im scared on how fast bitcoin is climbing i hope it doesn't crush. its still 61% of the whole market so thats good for now.

 

[StreetsofBeige]

For all you guys making bank of crypto, good stuff. Never touched it. A few years ago when Bitcoin broke $10k and then swan dived I think back to $3,000, and all other cryptos tanked too, I thought that was it. DOA soon.

Who knew it would rebound hard.

 

[ThatStupidLion]

Eth's been acting so constipated

turtle heading 2k. hopefully asia is the laxative it needs tonight

 

[{insert code here}]

Bitcoin DMI is building up. On the daily and weekly, DMI+ is dominant while the ADX is increasing. MacD is increasing as well. CME looks poised to close above the topside Bollinger band.

I sure as **** ain't Nostradomus but I like them bitcoins.

 

[Myths]

gotta wonder what the discord is for these folks pumping tf out these cryptos

 

[Hnjohngalt]

CAKE starting to rise, possibly due to this

Cake is hard to get since binance usa doesnt have it. The gas fees are harsh to purchase elsewhere.

 

[Hnjohngalt]

guys im scared on how fast bitcoin is climbing i hope it doesn't crush. its still 61% of the whole market so thats good for now.

Bitcoin will drop eventually again. Maybe not 90% but quite a bit come this fall. It will continue to rise and fall till 2040. After 2040 all the final bitcoins should be mined. And the expectation is to be worth 10 million USD around then.

 

[Rat Rage]

Cryptocurrencies need to be banned globaly. They've only become so popular, because they've been used by criminals/ the black market. Unless you want to sell your Cyberpunk 2077 source code, I don't see why anyone would want bitcoin.

 

[Quixz]

Cryptocurrencies need to be banned globaly. They've only become so popular, because they've been used by criminals/ the black market. Unless you want to sell your Cyberpunk 2077 source code, I don't see why anyone would want bitcoin.

Cash has been used by criminals for much longer so we should ban that first

 

[Irobot82]

Bitcoin will drop eventually again. Maybe not 90% but quite a bit come this fall. It will continue to rise and fall till 2040. After 2040 all the final bitcoins should be mined. And the expectation is to be worth 10 million USD around then.

I think you're off by about 100 years.

 

[Nikana]

Cryptocurrencies need to be banned globaly. They've only become so popular, because they've been used by criminals/ the black market. Unless you want to sell your Cyberpunk 2077 source code, I don't see why anyone would want bitcoin.

 

[Prison Mike]

Cryptocurrencies need to be banned globaly. They've only become so popular, because they've been used by criminals/ the black market. Unless you want to sell your Cyberpunk 2077 source code, I don't see why anyone would want bitcoin.

Criminals use oxygen....
Does that mean......

 

[FunkMiller]

Crypto has always felt a bit too much like gambling for me. I've got a small amount in ETH and BNB, but that's it for the moment. Keeping an eye on the whole thing though... just in case.

 

[Delf]

Could someone please explain to me all the markets, wallets, etc..

So, I bought some stuff via Coinbase. Which was a terrible idea. The fee was horrible.
Switched to Coinbase pro.

Was about to start the transfer of all my crypto from Coinbase to Coinbase Pro.

Then I read some one saying to buy some ADA and it wasn't on Coinbase pro.
But, it was on Binance. So waiting for my verification process and NOW gonna move all my Crypto their instead..

Then I read I need a Wallet. So, I downloaded Exodus (haven't done anything with this yet, and not sure exactly what it does? Anyone care to elaborate?)

Then.. Some one said to download Blockfi. Says I can gain intrest and to move my crypto there..

So, I dont know wtf to do exactly lol I have Coinbase, Coinbase Pro, Binance, Exodus, and now Blockfi all sitting on my phone and kinda over my head on what to do with about $1000 in assorted crypto sitting in my Coinbase account..

HALP

 

[Hnjohngalt]

Could someone please explain to me all the markets, wallets, etc..

So, I bought some stuff via Coinbase. Which was a terrible idea. The fee was horrible.
Switched to Coinbase pro.

Was about to start the transfer of all my crypto from Coinbase to Coinbase Pro.

Then I read some one saying to buy some ADA and it wasn't on Coinbase pro.
But, it was on Binance. So waiting for my verification process and NOW gonna move all my Crypto their instead..

Then I read I need a Wallet. So, I downloaded Exodus (haven't done anything with this yet, and not sure exactly what it does? Anyone care to elaborate?)

Then.. Some one said to download Blockfi. Says I can gain intrest and to move my crypto there..

So, I dont know wtf to do exactly lol I have Coinbase, Coinbase Pro, Binance, Exodus, and now Blockfi all sitting on my phone and kinda over my head on what to do with about $1000 in assorted crypto sitting in my Coinbase account..

HALP

Binance is better if your in europe. Usa version is gimped on products.

If your looking to hold for longterm and get interest right now blockfi, celsius, and voyager are good. Coinbase has best rate for algo and atom stake percentage. While voyager has better ada and polkadot % stakes. I havent been approved for celsius yet so i have not seen their % rates. All i know with celsius is that they restrict moving assets with highee fees but supposedly have best interest rate stakes.

Hope this helps. Also coinbase is great for major alts and staple. Just buy in pro and set buy at lower rate to pay for fee..

And also be careful with mutiple exchanges and wallets. You get charged to move money to different apps. So do not movw coins unless you really wanna hold long and stake for profit

 

[thefool]

My first advice would be not to buy shit other people tell you to buy without having any clue what it really is (as it seems to be the case).

You just started, coinbase and coinbase pro is more than fine for you, even as a custodial service. Binance is another centralized exchange with more assets. You can also trade even more assets on decentralized exchanges where you only need to connect your wallet. Wallets allow you to manage your private keys and store assets (vs a centralized solution like coinbase, which is in fact in control of your assets).

 

[Ascend]

Another golden video by Benjamin Cowen

 

[bicen]

Bitcoin will drop eventually again. Maybe not 90% but quite a bit come this fall. It will continue to rise and fall till 2040. After 2040 all the final bitcoins should be mined. And the expectation is to be worth 10 million USD around then.

You are off by 100 years. 2140.

 

[bicen]

Cryptocurrencies need to be banned globaly. They've only become so popular, because they've been used by criminals/ the black market. Unless you want to sell your Cyberpunk 2077 source code, I don't see why anyone would want bitcoin.

USD and the Euro are still a criminals choice. A lot more difficult to track transactions with fiat currency.

 

[bicen]

I recommend checking out this interview: Charles Hoskinson Interview. For anyone interested in Crypto.

 

[DonMigs85]

made quite a bit of dough in all the BSC/DeFi ponzi shit, but I'm eventually gonna put most of the profits in good old BTC

 

[PSlayer]

My $NPXS and $BTT are about to triple in value

 

[Durask]

Just wondering, what can possibly cause bitcoin or ethereum to have at least a temporary price drop?

And also be careful with mutiple exchanges and wallets. You get charged to move money to different apps. So do not move coins unless you really wanna hold long and stake for profit

I think that's the key here. This is unlike regular investing where you can move money between your bank account and your say Fidelity account for free, every single transaction someone will always try to take a cut.

 

[{insert code here}]

Crypto.com announces mainnet launch next month, as well as a token burn (70% of total supply being destroyed). Within the next hour CRO price jumped up 60%.

This is fucking wild.

Congrats to crypto.com users and CRO hodlers!

 

[God Enel]

Crypto.com announces mainnet launch next month, as well as a token burn (70% of total supply being destroyed). Within the next hour CRO price jumped up 60%.

This is fucking wild.

Congrats to crypto.com users and CRO hodlers!

Fuck me. Only bought 600 cro a couple a days ago for 50€. Now it’s at 100+ or so. Sell or hold?
Why did they destroy the supply and what’s mainnet launch?

 

[{insert code here}]

Fuck me. Only bought 600 cro a couple a days ago for 50€. Now it’s at 100+ or so. Sell or hold?
Why did they destroy the supply and what’s mainnet launch?

The mainnet is supposed to be a software upgrade for their network. I think they're moving off of ethereum and onto tendermint which is a pretty nice improvement. The transactions on tendermint are almost instant and much cheaper compared to ethereum. I paid like 25 cents to move some atom around my wallets. Compare that to approx. $15 for transactions on the ethereum network.

The token burn is something a lot of users had been clamoring for over the past year. The concern was, with a supply of 100 billion tokens and only 24% of those in circulation that inflationary events were inevitable. This made it difficult to view CRO as a hodl token. Now with total supply reduced to 30 billion, your circulation is now at 80% making inflation events less likely to occur. This makes CRO a more viable hodl if you are someone who believes in the long term potential of the project.

 

[Ascend]

My 25k CRO stake suddenly is worth quite a bit. I bought most of my CRO at around 6 cents.
Right now seems like a good time to prepare to sell all the interest and cashback that I received.

 

[{insert code here}]

My 25k CRO stake suddenly is worth quite a bit. I bought most of my CRO at around 6 cents.
Right now seems like a good time to prepare to sell all the interest and cashback that I received.

Yeah definitely feels good. I bought most of mine at 3.5 cents and held through the highs and lows. Right now we're at the 1.618 fib so yeah... Next fib target is 35 cents. And they're going to have a 20% apy on the DeFi wallet for cro when mainnet launches. No minimum stake limits or minimum terms. The technicals and fundamentals are both solid right now I think.

 

[Nikana]

Well i picked the wrong time to go in apparently lol. I will be sitting on this for a decade to recoup at this rate.

 

[Nikana]

 

[ThatStupidLion]

Well i picked the wrong time to go in apparently lol. I will be sitting on this for a decade to recoup at this rate.

dunno what or when you bought in, but this is pretty standard. it wont be a decade

 

[Nikana]

dunno what or when you bought in, but this is pretty standard. it wont be a decade

Yeah I have been watching the markets few weeks just to see what happens. This seems to happen once or twice a week. I see lot of todays dip recovered already. Its just crazy to see how crazy it drops.

 

[thefool]

This was another liquidation event. Lots of exchanges went off, gas at 1k gwei, users were trapped, bot-wars pretty much.

Lots of people who have been in the market for 12-18 months haven't quite understood the destruction the bear will bring. This is nothing.

 

[Aggelos]

 

[Ascend]

Yeah I have been watching the markets few weeks just to see what happens. This seems to happen once or twice a week. I see lot of todays dip recovered already. Its just crazy to see how crazy it drops.

Those crazy drops are normal ones. Any drop that is 30% or less is a 'minor' correction in terms of importance. That's what BTC did a month ago, where it dropped from 42k to 30k in three weeks. That was a 30% drop. 40% is not uncommon either, but it starts showing weakness in that case. 10% drops aren't even worth paying attention to, most of the time, while in the stock market, a 5% drop is considered the end of the world, so to speak.

If BTC revisits 40k, which is not only entirely possible but highly likely within the next few weeks, that's a 30% correction, yet again. That would not only be normal, it would be healthy for the market to keep going higher.

At the end of the market cycle peak, you can expect at least 80% drops. All you have to do is look at 2017-2018, where BTC went from almost 20k to almost 3k. ETH went from $1400 to $80!!... Everyone starts saying it's the end of crypto, and then no one is interested, and exactly at that moment, is the best time to buy.

People that are used to the stock market freak out when they see the crypto market, because everything is so volatile. If you can handle the crypto market, the stock market becomes a peace of cake. The biggest issue in any market is determining whether something is a correction, or if we started a bear market. And always remember, I mentioned this earlier also... Don't let the price action during weekends scare you. Those are the times where the market is manipulated the most.

The trick is to stop looking at what the price is doing right now, and look at either the daily or preferably the weekly charts. This is what Bitcoin looks like right now...

Spoiler

Do you see a reason to be worried? I don't. Not yet anyway.

I think we are going a lot higher. One of the reasons is that everyone is still wary. Everyone expects the correction and is afraid to lose money. The peak will happen when everyone starts thinking that they can't lose.

 

[{insert code here}]

Never would have guessed my CRO allocation was going to hedge against a btc dump. Crazy shit man.

The peak will happen when everyone starts thinking that they can't lose.

Couldn't have said it better myself. I read this and immediately thought of the GME squeeze. I've got a risk averse family member (owns zero equities) who, when they started asking me about buying gme I knew it was time to gtfo and closed my position for over a 3x gain. I should probably buy them dinner or a gift.

 

[bigedole]

I hadn't really followed crypto in a couple years. I think I have earlier comments in this thread lol. I have 5 ETH I bought at around $800 all that time ago, and my alt coin moon purchase was ARK which I bought around 4k of for an average of $1. From staking, the ARK has grown to ~5k and the price (which was around 20-30 cents for many many months is now above $1 again lol

 

[DonMigs85]

Is it still wise to buy CRO now at the current price of 23 cents? If BTC continues to do well I guess it could go to 50 cents or even a dollar eventually.
I was actually thinking of getting their lowest level card that requires 5000 CRO. I also have the free $25 which has now grown to almost $100

 

[{insert code here}]

Is it still wise to buy CRO now at the current price of 23 cents? If BTC continues to do well I guess it could go to 50 cents or even a dollar eventually.
I was actually thinking of getting their lowest level card that requires 5000 CRO. I also have the free $25 which has now grown to almost $100

What would be more irritating... If you bought now and the price dips or, you didn't buy now and the price pumps.

 

[Ascend]

I can say that CRO can drop to 8 cents and still be in an uptrend.

 

[SidViscous]

Got a bunch of Ada during the dip but it keeps dipping. Dogecoin seems to be the most stable out of the bunch, I guess they hold it for novelty rather than gain so sort of makes sense.

 

[{insert code here}]

I can say that CRO can drop to 8 cents and still be in an uptrend.

You going off the weekly?

Damn, that weekly higher low that ticked on Feb 1st should have been an obvious buy signal with the rest of the market rallying. Just looking at it, there was no overhead resistance until 15 cents and even there we smashed right through it

 

[Ascend]

You going off the weekly?

Damn, that weekly higher low that ticked on Feb 1st should have been an obvious buy signal with the rest of the market rallying. Just looking at it, there was no overhead resistance until 15 cents and even there we smashed right through it

Yep. Weekly charts work surprisingly well in Crypto. I'd use monthly charts if there was enough history. The higher the time frame the better, provided there is enough data.
I bought CRO at 6 cents because everyone was bearish at the time, and the chart was retesting the level of the previous breakout. And it was on the upwards trendline of the bottoms. And that was also around the time that they announced they would be increasing the stake for the Jade Green card from 25k to 50k CRO. So I bought a bunch of CRO and staked the 25k to receive the Jade Green card.

Edit.. See here... The white dots indicate where I connected the blue trend line, and the retest was pretty much exactly at it, which happened to coincide with the previous swing high;

Spoiler

 

[n0razi]

Kind if want to get into NFT's early.... think they are going to blow up big time

 

[daclynk]

Cryptocurrencies need to be banned globaly. They've only become so popular, because they've been used by criminals/ the black market. Unless you want to sell your Cyberpunk 2077 source code, I don't see why anyone would want bitcoin.

 

[Hnjohngalt]

Wow what a huge dip this morning. Starting to feel like the end of the yellow brick road here.....