F@&$ Crypto

[InfiniteIndo]

Some people speculate Ethereum will surpass Bitcoin at some point.. which means a major boom even bigger than what's happened from September 2020 to now (350~ all the way to $2.1k currently).. Ethereum has updates to its protocol(?) coming soon that is supposed to raise the value of it.. A lot of other cryptos are based off of Ethereum meaning without Ethereum they wouldn't exist.

If you're looking for a higher margin of profit Ethereum may be the better option ultimately.. but like @Phylex said you should buy both.. It won't come back to bite you either way if you can afford to hold onto it for a long time.

The limited supply of a coin can give it value.. That's the same reason people buy limited edition anything.. lol. Also, when some coins are traded, pieces, or whole coins are destroyed.. which means slowly but surely less and less coins will be available.. raising the value.

Do your research.. imo this is the future of currency / investments. I feel like it's gonna get to the point where the chicks aren't gonna care about how much cash ya got.. but how much crypto you got.. Secure those USB drives fellas! ?

 

[GCG]

Buying and selling is tricky. Have to hold it for 1 year to avoid getting whacked in taxes. After a year I can sell for a capital gains rate of 15% but that eats into the equation.

 

[InfiniteIndo]

Currently watching this. It was the most viewed video on the topic so I figured it should be elaborate.

After watching that I realized Coinbase Pros convenience definitely comes with a price after all lol.

This is worth a read after watching that video 6 Cryptocurrency Exchanges That Don’t Require KYC – Exchanges Bitcoin News

 

[Dino Party]

I’ve been in stocks since 2016, crypto is a gamble and atleast stocks have a product or business that gives it some value. Bitcoin and doge had nice rides and will probably continue. Maybe not at the same pace. I almost got doge when it was half a penny but was frustrated with the transfer to Kraken.
My advice is to find a stock you personally like and interested in. Buy on dips and bad news days (terrorists, shootings, bad employment numbers, etc). Watch for patterns and sell on swings and try to rebuy back where you originally did, don’t get emotional and keep adding. I just had the biggest week ever on my main stock Cara. Good luck whatever you choose.

Would you mind if I dm’d you later for some help?

 

[Kold Kasiz]

Would you mind if I dm’d you later for some help?

Anytime bro, I’ll do what I can to try and help out.

 

[GCG]

I'm totally on board the digital revolution. Made an account on NBA Top Shot for digital trading cards recently. Its fun and has the potential to be a lottery ticket. Cards already selling for obscene amounts.

 

[Z71banshee]

Some people speculate Ethereum will surpass Bitcoin at some point.. which means a major boom even bigger than what's happened from September 2020 to now (350~ all the way to $2.1k currently).. Ethereum has updates to its protocol(?) coming soon that is supposed to raise the value of it.. A lot of other cryptos are based off of Ethereum meaning without Ethereum they wouldn't exist.

If you're looking for a higher margin of profit Ethereum may be the better option ultimately.. but like @Phylex said you should buy both.. It won't come back to bite you either way if you can afford to hold onto it for a long time.

The limited supply of a coin can give it value.. That's the same reason people buy limited edition anything.. lol. Also, when some coins are traded, pieces, or whole coins are destroyed.. which means slowly but surely less and less coins will be available.. raising the value.

Do your research.. imo this is the future of currency / investments. I feel like it's gonna get to the point where the chicks aren't gonna care about how much cash ya got.. but how much crypto you got.. Secure those USB drives fellas! ?

Reminds me of this meme! Haha


after reading this thread, I will have to look into switching from Coinbase to Coinbase Pro....and start throwing more money in! I’m am doing awesome on ETH....bought 1 at $290....obviously wish I would have bought more last year when it was down near $100. The Graph, Algerians, Decentraland, Basic Attention Coin and a few other smaller ones have been paying me well! I only toss a hundred dollars in here or there at a time, but it’s quadrupled and still going!

 

[Z71banshee]

I'm totally on board the digital revolution. Made an account on NBA Top Shot for digital trading cards recently. Its fun and has the potential to be a lottery ticket. Cards already selling for obscene amounts.

I’ve never heard of this. Like sports cards?....what kind of cards?

 

[InfiniteIndo]

Reminds me of this meme! Haha
View attachment 61241

after reading this thread, I will have to look into switching from Coinbase to Coinbase Pro....and start throwing more money in! I’m am doing awesome on ETH....bought 1 at $290....obviously wish I would have bought more last year when it was down near $100. The Graph, Algerians, Decentraland, Basic Attention Coin and a few other smaller ones have been paying me well! I only toss a hundred dollars in here or there at a time, but it’s quadrupled and still going!

Lmao.. what a meme. Yeah, I'd encourage anyone who has the money to spare to basically treat crypto as their savings account at least for a chunk of your savings.. There are ways to just gain interest off of your crypto (staking, loaning, maybe even more)

 

[Kold Kasiz]

I'm totally on board the digital revolution. Made an account on NBA Top Shot for digital trading cards recently. Its fun and has the potential to be a lottery ticket. Cards already selling for obscene amounts.

That’s neat, Topps is also about to be publicly traded once again. I bet they have some tricks up their sleeve with the digital stuff. Cards seem to be making a strong comeback.

 

[InfiniteIndo]

I’ve never heard of this. Like sports cards?....what kind of cards?

Yes, digital cards. I think from what I've seen they're actually digital NBA moments that are called "cards". Like I saw a clip of Steve Nash getting some mediocre assist while he was on the Lakers that was valued at over $8K

If I'm not mistaken the digital cards are essentially NTF's.. don't take my word for it though

 

[GCG]

Yes they are NFT's. NBA Top Shot is still in Beta testing but running now. They create digital moments which are highlight clips of a certain plays. Some guy with the handle dingaling has spent a few million in the last 3 weeks buying moments with single digit serial numbers. A few have sold in the millions already. I bought 4 packs recently. At $9 a pop. Only opened one and got nothing special. Fingers crossed there's a lottery ticket in one of the other 3. All done on blockchain technology.

 

[Gentlemancorpse]

Yes they are NFT's. NBA Top Shot is still in Beta testing but running now. They create digital moments which are highlight clips of a certain plays. Some guy with the handle dingaling has spent a few million in the last 3 weeks buying moments with single digit serial numbers. A few have sold in the millions already. I bought 4 packs recently. At $9 a pop. Only opened one and got nothing special. Fingers crossed there's a lottery ticket in one of the other 3. All done on blockchain technology.

I just got into TopShot as well but I've only managed to snag one pre-order pack. Getting packs is crazy, they sell out so fast. But it was still the easiest way for me to wrap my head around NFTs cause I'm a huge NBA fan anyways

 

[InfiniteIndo]

Oh great.. more packs I gotta hunt down.. lol. I'm definitely investing in that now.. I love the NBA as well

 

[GCG]

Only way I got 4 packs is set up accounts for wife and kids too. Limited to one per. Art will be all NFTs soon too. Its all changing and I'm not missing the boat. I'm 50 and looking back at all the obvious waves I didnt partake in pisses me off. Not sitting this one out. Will dabble in all of it and see what shakes out.

 

[Dino Party]

Damn I gotta do some research into this whole NFT thing.

 

[DavidDellaRocco]

Good to know! I forgot that coinbase will freeze your transfers if you try to move all of your assets right away. They want you to keep it there.

Well that explains why they didn't want to move some of my Ethereum Classic coins onto Pionex. Some of the coins were instant, but the larger valued ones got held "for security reasons" despite having 2fa, fingerprints with a backup PIN, fully verified.

 

[Dino Party]

Yeah I ended up having my crypto locked in limbo there for damn near a month before. This was a few years ago though

 

[DavidDellaRocco]

Yeah I ended up having my crypto locked in limbo there for damn near a month before. This was a few years ago though

Lol this is EXACTLY why I can't look at this as long term investing.

Ill just stick with jars full of cash.

 

[DavidDellaRocco]

I'm still waiting on my EOS being released from BitBuy so I can say good riddance to those idiots......CoinBase is holding other coins.....like fuck