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Bitcoin, Cryptocurrency, Blockchain, and You: Navigating the Future of Tech (a NeoGAF discussion thread)

daveonezero

Banned
I just want to say that a few years ago, 2014 I think it was, I bought a miner, antminer s1, and mined for a few months, at the end of which I had about 1.5btc. A few months later the value of the btc was going slowly but steadily down so I sold my 1.5btc for around 900$.

I need a hug.
Dollar value means nothing. Buys sats hodl don’t regret it.

this technology will open doors for a lot of people that divest from the dollar.
 

daveonezero

Banned
Why choose a hot wallet instead of having them on binance? If binance gets hacked then I get compensation. On a hot wallet its just goodbye.

Keep in mind I am thinking about hodling for years to come.
Not your keys not your coin

move them to a local wallet on a dedicated PC, hardware Waller, or paper wallets
If you are careful there is only one person to blame if you lose crypto.

putting it on an exchange gives it to someone else
 
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bigsnack

Member
Im looking to throw a couple hundo at low priced alt coins. Any suggestions. I understand this is pure gambling on my part.

I have a couple K of BTC and less in ETH, but looking to diversify and possibly hit something big.
I'd give Harmony some thought as well. The team is great (Ex-Amazon, Apple, Google), it's still relatively cheap, etc. The rumor mill is buzzing that they have something cooking with Visa, but the team completely ignores any questions pointed directly at big partnerships so they are probably under NDA. Either way, I think ONE has a good chance after they are finally done shaking out all of the weak longs.
 
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Hnjohngalt

Member
Im looking to throw a couple hundo at low priced alt coins. Any suggestions. I understand this is pure gambling on my part.

I have a couple K of BTC and less in ETH, but looking to diversify and possibly hit something big.
I have made good money on ADA VET HBAR and ONE. All 4 are great buys. I have stakes on all of them. I technically just left my ADA on Voyager for a easy 5.5% reward. All can be bought on Binance.us or Voyager. I recommend you buy VET and HBAR on Binance.us since it will give you keys to transfer. Voyager doesnt give you keys on VET and HBAR for some strange reason.

Never heard of centaur sorry. Use coingecko app to check coins also. It shows you where to buy and basic info on 5k coins or so.
 
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QSD

Member
Dutch news are reporting that hacker group Anonymous released a video threatening Elon Musk over his recent crypto fuckery

can't find a link to the video though
 
New to the crypto game here. Put $2,500 into bitcoin around the time it was riding pretty high. Now down a little over a grand "lollipop_disappointed:. Oh well. I'm holding. Looking out for other potential movers. Thoughts?

It's not a mover, but it would be a good idea to stake what you have (if it is stakeable) or move it to a site where you can get interest on it. BlockFi, crypto.com, Nexo, lots of places to do it.

You should be able to get 5-6% APY on big coins. It's worth doing while you hodfl.
 
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gotta love the theatrics, thunderstorm, rising music...

You'd think they'd be grateful. Elon got us all some amazing discounts with his market manipulation. It should be obvious to everyone what he was doing and how to personally take advantage of it.
 
It's not a mover, but it would be a good idea to stake what you have (if it is stakeable) or move it to a site where you can get interest on it. BlockFi, crypto.com, Nexo, lots of places to do it.

You should be able to get 5-6% APY on big coins. It's worth doing while you hodfl.
Currently using cyrpto.com, but not sure how to stake my bitcoin holdings with it.
 
Currently using cyrpto.com, but not sure how to stake my bitcoin holdings with it.

You don't really "stake" BTC - you loan it to them, like with a CD from a bank. I'm on BlockFi and Nexo, and I get interest just from having my coin deposited with them. I assume it works the same with crypto.com. You might look around and see if you have been getting interest already.
 

QSD

Member
You'd think they'd be grateful. Elon got us all some amazing discounts with his market manipulation. It should be obvious to everyone what he was doing and how to personally take advantage of it.
well I was sitting in my spacesuit, ready to fly to the moon on the infamous SNL night, but actually my chair collapsed under the weight and I had to call a mate to come pick me up off the floor

I did laugh a bit at how they talk about the volatility of crypto in the video (which to me sounded like "nothing in this threatening call out video constitutes financial advice")
 

Alcibiades

Member
Currently using cyrpto.com, but not sure how to stake my bitcoin holdings with it.

Tap the circle on the bottom of home screen. Then tap Earn, then tap the + sign on the right and select Bitcoin. Then check off the 3 month circle on the bottom, then checkout the three boxes.

You won't be able to touch your BTC for 3 months but it'll earn you a little interest in the meantime (4.5 yearly APR). So probably in the range of about "$7" a month for you.

It's not a lot but if you are holding anyway its better than leaving it alone.
 

Ascend

Member
Currently using cyrpto.com, but not sure how to stake my bitcoin holdings with it.
You have to go to the "Earn" section. There, you can set the amount you want to gain interest on, select your 'staking' period, be it flexible, 1 month or 3 months. If you choose anything other than flexible, you cannot withdraw your crypto when you want. The higher the timeframe, the higher your interest.
 

bigsnack

Member
So it is time to buy Low right?
I think it has more to go, but buying now is certainly better than buying above 60k. I think most of the alts are going to lose 90 - 95% of their value from their ATH before the total market starts to stabilize. My guess is that BTC goes sub 25k for sure at a minimum. Find a criteria that allows you to pick your buy spots ahead of time, and then you can just put limit orders in. It takes the stress out for me to do it that way.
 
I have been buying every week. Larger amounts the lower it goes... Leaving this here as a bonus;


is this the guy who was "The Modern Investor" and rebranded himself and removed all his old incorrect content? If so he's a fckin shill and just bs new repeater.

excuse me. I should say..... I'm not a fan of that guy. I have no problems if other people like him.

My guess is that BTC goes sub 25k for sure at a minimum.

I hope so! I win a pack of beer from a buddy over a bet I made when btc was ath'ing around 60k, betting him that btc would drop below 30k within 2 years. he gave me 5 years.... XD
 
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Ascend

Member
is this the guy who was "The Modern Investor" and rebranded himself and removed all his old incorrect content? If so he's a fckin shill and just bs new repeater.

excuse me. I should say..... I'm not a fan of that guy. I have no problems if other people like him.
The Modern Investor channel still exists, and yes, that's him. I am unaware of him deleting his old incorrect content, but, if true, that's good to know. Doesn't mean he's wrong in that video though.

 

llien

Member
GPU prices vs Eth prices (green line NV, red AMD):

7chm180jsr671.png
 

tfur

Member
A few problems:

One problem is that the crypto market is full of bitch ass goldfish memory people. Both bitch ass in constitution and with the memory of a memento goldfish.

Another problem is that the world banks and governments do not want to allow a system of money/value, without first owning enough of that system. Also, bitcoin makes their corruption a lot more difficult, since all transactions are stored and have to be transparent.

Another problem: "China owns all of the mining, oh no!" vs "China is not going to own all of the mining, oh no!". This is clown world now infecting this space as well.

Another problem: People are now addicted to fear porn. So, whenever fear porn articles can be created, they will be. Click!

Another problem: The stupid meme coins and cum rockets etc. 1 or 2 was enough, everything else makes the space look stupid. I hope most get wiped away.

Another problem: Fuck Elon, Cuban, twitter people, celebrities etc. Who gives a shit. Most Bitcoin is stored in wallets and not moving. I do not get the waiting with bated breath for the next tweet by $IMPORTANT_PERSON. It feels like twitter and crypto news is a bunch of bitches with birds in their hair cosplaying some Hunger Games BS, waiting for comment around every corner.

Anyhow, fuck it. When bottom gets confirmed, I will be able to re-up/add on coins I care about. The powers that be will fight crypto until they own enough. The technology is inevitable.


LdcQpEK.gif
 

Hnjohngalt

Member
I agree forget the meme coins. Enough of that noise. I will hodl all of my coins and will continue to stake all my coins too.

I knew it will dip like crazy when i entered last january. Ill take my 6.5% on bitcoin each month on a new low. If it takes 6 months or 3 years to go ATH so be it. Ill keep accumlating even if I do not add more money in. Im set up to bring in $125 a month just Hodling. Ill take it. My plan is to have $1 million usd within 5 years. Nothing has changed my plan. Opportunity is knocking right now.
 

BigBooper

Member
There any explanation for the drop happening at the same time countries are making it official currency? It can't all be just the China fearmongering, can it?
 

Hnjohngalt

Member
Every cycle has its main subject of irrational fanaticism. In 2017 it was ICOs. Now it's meme coins and NFTs.

I'm doubling down on Solana. Cardano being worth more than Solana is a complete joke, considering Solana has working smart contracts and DeFi including DEXes, NFTs, farming and yes, even meme coins.



On some exchanges you can get 5% staking on Cardano ADA. So there is that caveat.
 
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Ascend

Member
On some exchanges you can get 5% staking on Cardano ADA. So there is that caveat.
Delegated staking on Solana is ~7% APR. And if you add liquidity on Raydium, with Solana/USDC pair for example, you can get 39% right now... And if you want to do some farming, the RAY-SOL pair give you 51%. I'm actually in the fusion pool of Aleph-USDC, which right now gives me 196% APR... I would have done STEP-USDC, but STEP has been crashing like crazy, even worse than the overall market, so, I chose Aleph instead.
And considering how good Serum and its features are (and DeFi in general), there's zero reason to keep your Solana on centralized exchanges, especially because withdrawal fees are miniscule everywhere, and Solana transactions fees are so cheap.


Solana has so much going for it, it's not even funny. It's basically like Polygon for Ethereum, but natively on the 1st layer. But I guess people haven't really found that out yet. That's good for me; It means I'm early.

Go take a look for yourselves;

The main drawback is that certain great websites are restricted in the US because of US regulations... Like Bonfida, which actually has a decentralized trading bot of all things;

And a DEX with TradingView integration;

Solana has pretty much everything already... And Cardano still needs to roll out its smart contract functionality, which is just around the corner, but, objectively, Solana is a more complete ecosystem at this moment, and likely still will be, even after Cardano rolls out its smart contracts.
 
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Hnjohngalt

Member
Every cycle has its main subject of irrational fanaticism. In 2017 it was ICOs. Now it's meme coins and NFTs.

I'm doubling down on Solana. Cardano being worth more than Solana is a complete joke, considering Solana has working smart contracts and DeFi including DEXes, NFTs, farming and yes, even meme coins.



On some exchanges you can get 5% on Cardano ADA. So there is that
Delegated staking on Solana is ~7% APR. And if you add liquidity on Raydium, with Solana/USDC pair for example, you can get 39% right now... And if you want to do some farming, the RAY-SOL pair give you 51%. I'm actually in the fusion pool of Aleph-USDC, which right now gives me 196% APR... I would have done STEP-USDC, but STEP has been crashing like crazy, even worse than the overall market, so, I chose Aleph instead.
And considering how good Serum and its features are (and DeFi in general), there's zero reason to keep your Solana on centralized exchanges, especially because withdrawal fees are miniscule everywhere, and Solana transactions fees are so cheap.


Solana has so much going for it, it's not even funny. It's basically like Polygon for Ethereum, but natively on the 1st layer. But I guess people haven't really found that out yet. That's good for me; It means I'm early.

Go take a look for yourselves;

The main drawback is that certain great websites are restricted in the US because of US regulations... Like Bonfida, which actually has a decentralized trading bot of all things;

And a DEX with TradingView integration;

Solana has pretty much everything already... And Cardano still needs to roll out its smart contract functionality, which is just around the corner, but, objectively, Solana is a more complete ecosystem at this moment, and likely still will be, even after Cardano rolls out its smart contracts.
Im gonna buy more SOL next payday. Im surprised how good those stakes are now. Damn, like G Damn!
 

Irobot82

Member
didnt know this - thanks for posting about it, as i was about to start recurring payments
Pro tip.

Buy USDC. It's feeless. Buying BTC is like $1.99 or more.

Send it to coinbase pro, trade into the coins you want, then send back to Coinbase. Costs like 25cents instead. It's manual but way cheaper.
 
Pro tip.

Buy USDC. It's feeless. Buying BTC is like $1.99 or more.

Send it to coinbase pro, trade into the coins you want, then send back to Coinbase. Costs like 25cents instead. It's manual but way cheaper.

yeah thats how i typically buy on coinbase when I do my large individual orders, which obviously i had to learn. but I just do it with USD not USDC. any difference or benefits to buying USDC and then buying another coin over making the direct crypto purchase with straight fiat? seems like an extra *taxable* crypto transaction that I don't need. if its not clear - what i do is deposit fiat, move fiat to coin base pro, make purchase. move crypto back to coinbase. and im fairly certain i avoid most, if not all possible fees.

but how does the auto recurring purchases work if like you said what you do requires some manual steps? I havent tried reucrring payments yet like i said, but afaik they are only avail on coinbase, not coinbase pro? if its also avail on CB pro then I understand....
 
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Irobot82

Member
yeah thats how i typically buy on coinbase when I do my large individual orders, which obviously i had to learn. but I just do it with USD not USDC. any difference or benefits to buying USDC and then buying another coin over making the direct crypto purchase with straight fiat? seems like an extra *taxable* crypto transaction that I don't need.

but how does the auto recurring purchases work if like you said what you do requires some manual steps? I havent tried reucrring payments yet like i said, but afaik they are only avail on coinbase, not coinbase pro? if its also avail on CB pro then I understand....
If you have a coinbase account you have a coinbase pro account.

I buy USDC automatically, weekly. Send it to pro, It's pegged to the dollar so I don't there there is any extra taxable event. I make my trades with my coins, lately BTC and ETH. Then I send the coins back to Coinbase.

Edit: My reoccurring buy for this weeky came through at 10:04am EST. WTH.
 
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If you have a coinbase account you have a coinbase pro account.

I buy USDC automatically, weekly. Send it to pro, It's pegged to the dollar so I don't there there is any extra taxable event. I make my trades with my coins, lately BTC and ETH. Then I send the coins back to Coinbase.
ohhh okay, I hear ya. thanks.
 
You all talking about Bitcoin... Quando eu quero é Bitcona, caralhooo!

(Its Friday night, its hot as hell here and Im suckling on a double d Sangria tit. Sorry.)
 
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