DeepEnigma
Gold Member
Going back up, heart palpitation stonkage!!!
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Bitcoin, Cryptocurrency, Blockchain, and You: Navigating the Future of Tech (a NeoGAF discussion thread)
Ascend
Member
Just wanted to tell you, that what you just experienced with Dogecoin, that's how the final blow off top will be with the whole crypto market. Everybody will be celebrating how high we're going and how much money they're making.
The drop, it will be seen as just another correction before we go higher... And then it never does.
We could still go higher in the short term with Doge, but this is a good example of what to expect. This kind of hype is blinding. I've said it before and I'll say it again. When everyone thinks the only way we can go is up, is exactly when the party is over.
I will be setting up a trading bot for Doge with a small amount, when I think it has reached its bottom. There's no way to keep up with the market when things are going crazy like that. And despite it being a meme coin, its gains have been too substantial to ignore.
The drop, it will be seen as just another correction before we go higher... And then it never does.
We could still go higher in the short term with Doge, but this is a good example of what to expect. This kind of hype is blinding. I've said it before and I'll say it again. When everyone thinks the only way we can go is up, is exactly when the party is over.
I will be setting up a trading bot for Doge with a small amount, when I think it has reached its bottom. There's no way to keep up with the market when things are going crazy like that. And despite it being a meme coin, its gains have been too substantial to ignore.
SebastianShaw
Member
Ok doomer. So sell everything. Just because some alt peaked doesnt mean this is the end
Irobot82
Member
Agreed.
The thing with Doge too is it's completely artificial. It has no purpose, value other than people meming it. Maybe that does give it real value, but in the end, it's really a penny stock.
Ascend
Member
I never said it was the end. I said this is a good example of how the top will be. Bitcoin is currently not behaving like Doge just did. We are not at the top. That doesn't mean we won't get corrections though.
bigedole
Member
As someone who has been investing in crypto since 2017 I am long since past my phase of ever feeling FOMO lol. I passed on BTC when it was at $900, nothing will ever top that 
I have a good amount of Ethereum, OMG and Ark that I'm just gonna let ride for the next 15 years until my kids are in college. I managed to cash out my initial investment back in early 2018 so even if it all disappears I'm not out anything but equity.
When I started, I tried to pick things I thought could legitimately be useful in a digital marketplace. DOGE was just a joke, so seeing it do stuff like this really drives home how tall the hurdles are for crypto to find legitimacy. There are a lot of really creative projects that people are working hard on things they hope will provide genuine value to the world, but it's the meme that moons lol
I have a good amount of Ethereum, OMG and Ark that I'm just gonna let ride for the next 15 years until my kids are in college. I managed to cash out my initial investment back in early 2018 so even if it all disappears I'm not out anything but equity. When I started, I tried to pick things I thought could legitimately be useful in a digital marketplace. DOGE was just a joke, so seeing it do stuff like this really drives home how tall the hurdles are for crypto to find legitimacy. There are a lot of really creative projects that people are working hard on things they hope will provide genuine value to the world, but it's the meme that moons lol
Hnjohngalt
Member
Omg Kevin Smith has made jay and silent bob NFTS.... and will make Clerks 3 movie making jokes about the crypto world!!!!
Nikana
Go Go Neo Rangers!
This is kinda where I get confused with Doge. LIke I get that something has value as long as someone is willing to pay for it, but what is causing this absurd activity? Is it people coming in from RH and the GME/BANG/Meme stocks dicking around?
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Irobot82
Member
That and I think stuff like Elon fucking around in tweets. Who knows. One thing I do know if that Crypto is fucking weird sometimes.....all the time.
SirKicksalot
Member
It's like different people value different things!
Irobot82
Member
Hard wallet
Ledger or Trezor
The rest I can't put on there I use Exodus
Rule #1
Not your keys, not your crypto.
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Nikana
Go Go Neo Rangers!
I am all for the average consumer getting paid from this but it just seems a bit irresponsible for Cuban and Elon to basically pump the coin. Someone will be left to pick up the pieces.
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nkarafo
Member
What does that mean?
Irobot82
Member
If you don't have the private keys to your crypto wallets. You don't actually own your crypto. Someone else does.
Coinbase, Robinhood, Cashapp, etc.
nkarafo
Member
DeepEnigma
Gold Member
Yep, that's why those who delve into it heavy on the crypto train for long term monetary, take cash profits to buy hard keys.
Irobot82
Member
It's not about safe. Are they trusted companies? Yes. Do they have good security? Most likely.
But at the end of the day.
1. They can take your coins and tell you to fuck off. (Exit Scam)
2. A hacker could feasibly come in and take your coins. (Mt.Gox, Bitfinex, etc)
I prefer to own my coins myself and be responsible for them myself.
I myself have Trezor and Exodus.
My private keys are hand written down, never copied over my computer and put somewhere hidden and safe in a fireproof bag.
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CloudNull
Banned
I have been looking to by a hard wallet. Anyone got any reccomendations?
Irobot82
Member
Trezor or Ledger are my recommendations.
SebastianShaw
Member
I mainly use Binance. Funds are safu after all
Irobot82
Member
Exodus wallet
Burger
Member
Teach me how to setup a trading bot.
Nikana
Go Go Neo Rangers!
cd crypto_bot
crypto_bot3d
nkarafo
Member
Thanks
HoodWinked
Member
Crazy I finally looked at the dogecoin I mined in 2014 but after it crashed it was worth $14. So I just figured its pretty worthless.
I check now it's worth $19,278.
I check now it's worth $19,278.
Irobot82
Member
Sell that shit now!
Pallas
Member
I know but there was rumors/speculation about it maybe appearing on coinbase.
Ascend
Member
Easiest way is to create an account on Pionex. They have multiple bots built in.
You can also try Gimmerbot, if you want something that you can set up more like you want
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{insert code here}
Member
daveonezero
Banned
buy BTC.
Synless
Member
Ha, that's pretty sweet. I was content with the $50 that turned into a little over 1k.
Heart_Attack
Member
Where can i Buy DOGE. Does it take days to get approved to buy/sell crypto?
Irobot82
Member
Don't do that.
{insert code here}
Member
Crypto.com and yes you have to do kyc which can take a couple of days.
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SirKicksalot
Member
I bought Doge last month for the lulz. I bought more last week because I assumed the market is retarded and the power of memes is bigger than the autism of the original crypto investors. I did one final yolo push when I woke up and it was at $0.23.
Earlier today I sold the amount I invested and I still have 5x more money in Binance.
Now the question is what's the next meme coin? Is it BitTorrent? Normies know the name.
Earlier today I sold the amount I invested and I still have 5x more money in Binance.
Now the question is what's the next meme coin? Is it BitTorrent? Normies know the name.
MrS
Banned
GAF gold for all!
Synless
Member
As it should be.
Reptars Revenge
Member
I mean you could buy it instantly off Binance US or Binance
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Master Of Illusion
Member
Up $2.2K now.
The system is broken
The system is broken
Yea, I didn't either. What I did do was put half in doge for the time being. Hoping it will rise faster than VET and then I'll sell at 50 or above and rebut more VET.