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srossi
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Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet. 

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srossi wrote: Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet.
Please explain to me what Bitcoin is and how it works. I was reading on another forum that had you invested a measly $100 back when it started, you'd be worth a shitload today.

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Mysterious wrote: srossi wrote: Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet.
Please explain to me what Bitcoin is and how it works. I was reading on another forum that had you invested a measly $100 back when it started, you'd be worth a shitload today.

I was hoping someone wouldn't ask that because it's not really easy to explain.  The most common question is "What is Bitcoin backed by?" and the answer is "Absolutely nothing", which is both exciting and terrifying.  It's crypto-currency, a digital payment system.  I have never understood how mining works or any of that stuff.  I basically looked at it as a long-term investment, like I would any stock.  You basically open an electronic wallet first, that's where you store your Bitcoins.  You have to be very careful about keeping these secure, hackers are out there and it's all just computer code waiting to be stolen.  Then they have exchanges, just like stock exchanges, where you can buy and sell.  Many merchants now accept Bitcoin as currency, the first big one being Overstock.com I think, but I've never bought anything with it.  It's going through the roof and hasn't had many setbacks and if you put any amount at all into it in 2009, you'd be a millionaire today.  It could also all fold like a house of cards at any time.

Last edited on Wed Jun 7th, 2017 08:21 am by srossi

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By the way, important point which I did not make clear: if you don't want to risk $3,000 you don't have to. You can buy less than 1 full Bitcoin. So you can try it out with maybe $200 to get the hang of it.

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srossi wrote: Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet. 
Well if a Billionaire like Cuban says it's about to burst, then I trust his opinion when it comes to making money.

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I realize that without a gold standard the value of all currency is to some degree speculative but this just seems extra-dodgy. How susceptible is it to speculators, such as George Soros?

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freebirdsforever2001 wrote: srossi wrote: Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet. 
Well if a Billionaire like Cuban says it's about to burst, then I trust his opinion when it comes to making money.

What about the other billionaires who love Bitcoin?  You realize no one agrees on anything, right?  Besides, no one knows when a bubble will burst. You can make a fortune before it does, like so many did with tech stocks 15 years ago. 

Last edited on Wed Jun 7th, 2017 06:24 pm by srossi

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I remember this about six years ago. I was going to try to mine the bitcoin because I figured it was free - but my computer wasn't good enough to do it.

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Superstar wrote: I remember this about six years ago. I was going to try to mine the bitcoin because I figured it was free - but my computer wasn't good enough to do it.
No one's is, at least not any more. You need special graphic cards and tons of power to get anything these days. Like enough power to compromise the grid. This is a really interesting article about underground mining in Venezuela. 

https://www.google.com/amp/reason.com/archives/2016/11/28/the-secret-dangerous-world-of/amp

Last edited on Wed Jun 7th, 2017 07:49 pm by srossi

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srossi wrote: freebirdsforever2001 wrote: srossi wrote: Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet. 
Well if a Billionaire like Cuban says it's about to burst, then I trust his opinion when it comes to making money.

What about the other billionaires who love Bitcoin?  You realize no one agrees on anything, right?  Besides, no one knows when a bubble will burst. You can make a fortune before it does, like so many did with tech stocks 15 years ago. 


All I said that if Cuban poo-poo's it, then I would stay away from it.

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Last edited on Wed Jun 7th, 2017 09:06 pm by Mysterious

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srossi wrote: Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet. 
Yea, I brought this up to my neighbor several years ago and he begged me to stay away. Since he knew more, I did.  He regrets telling me that.
I figure the ship has sailed and getting in now could cause me to drown.

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Ultimark wrote: srossi wrote: Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet. 
Yea, I brought this up to my neighbor several years ago and he begged me to stay away. Since he knew more, I did.  He regrets telling me that.
I figure the ship has sailed and getting in now could cause me to drown.

People thought the ship had sailed when it hit $50. It could easily get to $5000 or more before the bubble bursts. Serious money is just now starting to get involved. 

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Since I started this thread 2 months ago, Bitcoin is up $1,000 to just under $4,000 and "split", to create Bitcoin Cash, which you automatically got for "free" if you had Bitcoin. It's been an absolute juggernaut for me. I haven't made this much investing since 2000 in the stock market when I could do no wrong. And I have Ethereum too, which is also way up.

Last edited on Sat Aug 12th, 2017 09:14 pm by srossi

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I hear it's great for buying narcotics and guns on the Dark Web. Can't be all bad.

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Bitcoin is about to hit $6,000.  If you had invested in it when I posted, you would have doubled your money in 4 1/2 months.

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srossi wrote: Bitcoin is about to hit $6,000.  If you had invested in it when I posted, you would have doubled your money in 4 1/2 months.
How much did you make since you posted it 4.5 months ago?

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Superstar wrote: srossi wrote: Bitcoin is about to hit $6,000.  If you had invested in it when I posted, you would have doubled your money in 4 1/2 months.
How much did you make since you posted it 4.5 months ago?

I got in at $2,300 a little while before I posted about it.  I'm still kicking myself that I didn't pull the trigger years ago when it was next to nothing.  I also bought Ethereum at about $170 and it's now $300 (which is actually down, it reached $400 at one point).  I would highly recommend that if it drops back close to $5,000 again, people buy on the dip.  Everyone keeps thinking they're too late to the party, and I did too for a long time, but it keeps going up after the dips. 

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srossi wrote: Superstar wrote: srossi wrote: Bitcoin is about to hit $6,000.  If you had invested in it when I posted, you would have doubled your money in 4 1/2 months.
How much did you make since you posted it 4.5 months ago?

I got in at $2,300 a little while before I posted about it.  I'm still kicking myself that I didn't pull the trigger years ago when it was next to nothing.  I also bought Ethereum at about $170 and it's now $300 (which is actually down, it reached $400 at one point).  I would highly recommend that if it drops back close to $5,000 again, people buy on the dip.  Everyone keeps thinking they're too late to the party, and I did too for a long time, but it keeps going up after the dips. 


i have to wait til it drops to 4,000 but i might join now i don't know just confused 

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krazykid18 wrote: srossi wrote: Superstar wrote: srossi wrote: Bitcoin is about to hit $6,000.  If you had invested in it when I posted, you would have doubled your money in 4 1/2 months.
How much did you make since you posted it 4.5 months ago?

I got in at $2,300 a little while before I posted about it.  I'm still kicking myself that I didn't pull the trigger years ago when it was next to nothing.  I also bought Ethereum at about $170 and it's now $300 (which is actually down, it reached $400 at one point).  I would highly recommend that if it drops back close to $5,000 again, people buy on the dip.  Everyone keeps thinking they're too late to the party, and I did too for a long time, but it keeps going up after the dips. 


i have to wait til it drops to 4,000 but i might join now i don't know just confused 

I don’t know how realistic it is that it’ll drop to $4000 but it’s possible. It’s taken a couple of big dips this year. But if you really believe it will go up then it shouldn’t matter. Some are predicting $10,000 in less than 6 months. I wouldn’t be shocked. 

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Where are you buying it?

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Quattro wrote: Where are you buying it?
I use Gemini, a NY-based exchange which the Winkelvoss Brothers are involved in. There are many others. 

Last edited on Sat Oct 21st, 2017 07:16 am by srossi

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So you can buy directly with the exchange?
Cool

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I'm about to jump on board now. What could have been just a few years ago though. I definitely regret kicking the tires for as long as I did.

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carpetbeggar wrote: I'm about to jump on board now. What could have been just a few years ago though. I definitely regret kicking the tires for as long as I did.Man i am in banking.  We had a couple customer basically brokering bitcoin on these message board “exchanges”.  I had to do a lot of research to understand the mechanics. Which i still don’t.  But i almost bought 2 or 3 coins at 400 or so a coin just to help understand who individuals are anonymously trading these things.
I’d have turned 800 into 10K.   
Talk about regrets.

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Quattro wrote: So you can buy directly with the exchange?
Cool

You buy on an exchange the same way you’d buy stocks on Etrade. Some platforms are easier to use than others. Gemini is very simple. But the difference is you NEVER leave your Bitcoin on the exchange after you buy. You have to transfer to a wallet for security reasons. The exchanges get hacked all the time. I used the electronic wallet Breadwallet at first so you should Google that. As my money grew, I bought the hard wallet Nano Ledger S for $80, which basically looks like a USB but is the most secure wallet you can get and can’t be hacked even if you connect it to a compromised computer. Start slow and advance to that, Bread will be fine for starters. It all sounds very confusing but within 2 weeks of getting your feet wet with small transactions you’ll be doing all this like second nature. It’s not hard, just a bit different than what we’re used to with stocks. 

Last edited on Sat Oct 21st, 2017 05:27 pm by srossi

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The predictable dip is happening. $5,300 right now. If history is any indicator, once it reaches its bottom, it will steadily rise to $7,000 within 2 months. Of course, “past performance isn’t indicative of future results”. But I’m going to buy more.

Last edited on Wed Oct 25th, 2017 06:52 am by srossi

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Bitcoin just exploded past $7,000!  My prediction of 2 months happened in 1 week.

Last edited on Thu Nov 2nd, 2017 06:40 pm by srossi

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One of my retired coworkers just cashed in on this. Wishing I had listened the one time they had sage investment advice.

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broke wrote: One of my retired coworkers just cashed in on this. Wishing I had listened the one time they had sage investment advice.
I'd be absolutely shocked if this doesn't hit $10,000 relatively soon, so it's not too late.

The big decision for now of course is when, if, and how much to sell.  I've tripled my money in a little over 6 months.  I can take out what I put in and let the rest ride, or just leave it all there.  There are never any guarantees that the bottom won't drop out one day of course.  But I don't want to do anything until the new year because I will have to report this as income on my 2017 taxes if I do it now. 

Last edited on Sat Nov 4th, 2017 12:03 am by srossi

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I will be the first to admit that I don't understand these currencies. I am indirectly investing in a penny stock from Canada, symbol GET on the Venture and GLNNF OTC in the US. Basically a mobile payment app but they are creating relationships with the alternate currencies and getting into the marijuana game as well. A start up and very speculative. My basis is 37 cents. Now selling for 88.8 cents USD. Of course that could go to a penny overnight. You never know with these things. It is worth at least checking out.

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I invested on August 30th.

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I have always been skeptical of crypto currency, and this is why...

https://techcrunch.com/2017/11/07/a-major-vulnerability-has-frozen-hundreds-of-millions-of-dollars-of-ethereum/

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Agree with the skepticism. Let's see what happens to my small investment today. It is indirect exposure so I should be OK - maybe. WTF do I know?

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brodiescomics wrote: I have always been skeptical of crypto currency, and this is why...

https://techcrunch.com/2017/11/07/a-major-vulnerability-has-frozen-hundreds-of-millions-of-dollars-of-ethereum/

I read about that yesterday.  But technical issues, corruption, and security problems aren't exactly unique to cryptocurrencies. 

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Stock up 10% today so who knows?

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Ultimark wrote: Stock up 10% today so who knows?
What stock is up?

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The 2014 version of the St. Petersburg Bowl at the Tropicana Field was called the Bitcoin St. Petersburg Bowl. You could not use Bitcoin to pay for tickets, concessions, souvenirs, parking or anything else at the game nor were North Carolina State and UCF paid their $500,000 fees in the equivalent Bitcoin amount. Fully understanding that the sponsorship was purchased in the name of getting publicity, I still have to say that the game was on TV in a bar some friends and I were drinking at and we made a seemingly endless number of dumb jokes and comments about people at the game attempting to buy stuff with Bitcoin only to be told to get lost by confused stadium workers.

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tamalie wrote: The 2014 version of the St. Petersburg Bowl at the Tropicana Field was called the Bitcoin St. Petersburg Bowl. You could not use Bitcoin to pay for tickets, concessions, souvenirs, parking or anything else at the game nor were North Carolina State and UCF paid their $500,000 fees in the equivalent Bitcoin amount. Fully understanding that the sponsorship was purchased in the name of getting publicity, I still have to say that the game was on TV in a bar some friends and I were drinking at and we made a seemingly endless number of dumb jokes and comments about people at the game attempting to buy stuff with Bitcoin only to be told to get lost by confused stadium workers.
During the Super Bowl in January, a number of area strip clubs got equipped to accept Bitcoin.  The strippers had QR codes on their arms that could be scanned and there were Bitcoin ATMs on site.  That's when I knew it was starting to take off.  New tech always starts with naked chicks. 

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srossi wrote: Ultimark wrote: Stock up 10% today so who knows?
What stock is up?
GLNNF - a mobile payment app out of Vancouver that has signed a deal with netcoins.  Full disclosure - not the reason I bought the stock which is part of my very small go for broke allocation. 

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srossi wrote: tamalie wrote: The 2014 version of the St. Petersburg Bowl at the Tropicana Field was called the Bitcoin St. Petersburg Bowl. You could not use Bitcoin to pay for tickets, concessions, souvenirs, parking or anything else at the game nor were North Carolina State and UCF paid their $500,000 fees in the equivalent Bitcoin amount. Fully understanding that the sponsorship was purchased in the name of getting publicity, I still have to say that the game was on TV in a bar some friends and I were drinking at and we made a seemingly endless number of dumb jokes and comments about people at the game attempting to buy stuff with Bitcoin only to be told to get lost by confused stadium workers.
During the Super Bowl in January, a number of area strip clubs got equipped to accept Bitcoin.  The strippers had QR codes on their arms that could be scanned and there were Bitcoin ATMs on site.  That's when I knew it was starting to take off.  New tech always starts with naked chicks. 

It definitely says something about the rise of Bitcoin and possibly also about the demographic of Bitcoin adoptees.

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"The Big Bang Theory" is about to do an episode on Bitcoin, and considering how popular that show is that should be huge.  I don't know how it's going to be portrayed though.  Liberals seem to hate Bitcoin for some reason.

Last edited on Fri Nov 10th, 2017 08:11 pm by srossi

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It does smell like a bubble to me but bubbles can go on for a very long time. I can see it as a currency but from an investment perspective it seems as though we could be in a bit of a mania right now. I am not predicting anything because you never know what could happen.

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The negative perception that I've seen about Bitcoin, valid or not, stems either from it being an unregulated house of cards that could/will collapse at any moment and render its utilizers out tons of real dough and/or it is a way for criminal types to move around and launder ill gotten gains.

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tamalie wrote: The negative perception that I've seen about Bitcoin, valid or not, stems either from it being an unregulated house of cards that could/will collapse at any moment and render its utilizers out tons of real dough and/or it is a way for criminal types to move around and launder ill gotten gains.
This is indeed the perception that the mainstream media tries to push, and I find it pretty laughable. 

On the first point, anyone who was in the stock market or was involved on a run on a bank knows that anything can collapse at any time.  The stock market and the way the Fed manipulates currency is certainly as shady as anything happening with Bitcoin.  The difference is whether the government is doing it or individual investors are doing it.

The second point is typical scare-mongering about supporting terrorism, child exploitation, drugs, etc.  All the stuff that's used as an excuse for everything.  Bitcoin was the method of payment on the Dark Web for buying drugs, guns, etc. but I'd estimate less than 3% of people who currently are into Bitcoin have any idea about this.  I can also tell you that the exchanges are now heavily regulated and follow KYC (Know Your Customer), so to get approved for my account I had to scan my passport.  I didn't even have to do that the first time I opened a brokerage account in the '90s.  There is no anonymity anymore, at least not unless you're really technologically savvy and know some tricks, but that can be said for anything.  At this point you can't even hide your gains from the IRS much less buy something illegal without any trail.   

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P.S. Bitcoin took a huge dump over the weekend and went from $7,000 to $5,500.  It's back to $6,400 as I type this.  Again, followng the pattern, don't be shocked if it now hits $8,000 somewhat quickly.  I'm a bit more wary about it this time though because all the Bitcoin money went into its off-shot Bitcoin Cash, which doubled as Bitcoin sank.  So there's a bit of a Bitcoin war going on.  

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Yeah that was me.

I bought it fell.

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srossi wrote: P.S. Bitcoin took a huge dump over the weekend and went from $7,000 to $5,500.  It's back to $6,400 as I type this.  Again, followng the pattern, don't be shocked if it now hits $8,000 somewhat quickly.  I'm a bit more wary about it this time though because all the Bitcoin money went into its off-shot Bitcoin Cash, which doubled as Bitcoin sank.  So there's a bit of a Bitcoin war going on.  

This sounds like when the nWo broke up into Black & White and Black & Red. It's the beginning of the end. Just make sure you don't invest in the B-team.

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Kriss wrote: srossi wrote: P.S. Bitcoin took a huge dump over the weekend and went from $7,000 to $5,500.  It's back to $6,400 as I type this.  Again, followng the pattern, don't be shocked if it now hits $8,000 somewhat quickly.  I'm a bit more wary about it this time though because all the Bitcoin money went into its off-shot Bitcoin Cash, which doubled as Bitcoin sank.  So there's a bit of a Bitcoin war going on.  

This sounds like when the nWo broke up into Black & White and Black & Red. It's the beginning of the end. Just make sure you don't invest in the B-team.

LOL  The debate right now is which one is the B team.  I'm all in on Bitcoin Classic.  Then there's also Bitcoin Gold, which is the one that has Vincent and Horace in it.

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That explains why my stock when down 15% yesterday and recovered a bit at the end.

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Just checked. The stock, GLNNF, is down another 10% today. My basis is only 37 cents per share though.

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The entire premise of Bitcoin sounds like a giant work. It's money that's not real, and people accept it for goods and services. Which makes it seems like it's money but it's not. Like I said, i would have taken some for free, but never pay for it.

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Superstar wrote: The entire premise of Bitcoin sounds like a giant work. It's money that's not real, and people accept it for goods and services. Which makes it seems like it's money but it's not. Like I said, i would have taken some for free, but never pay for it.
All of our currency has been a giant work since we came off the Gold Standard about 80 years ago.

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srossi wrote: Superstar wrote: The entire premise of Bitcoin sounds like a giant work. It's money that's not real, and people accept it for goods and services. Which makes it seems like it's money but it's not. Like I said, i would have taken some for free, but never pay for it.
All of our currency has been a giant work since we came off the Gold Standard about 80 years ago.

I can agree with that too.  But weren't we still on the Gold Standard right up until Nixon took office?  My dad told me he remembers when they basically confiscated all the gold coins in circulation and made you exchange them for paper money because the gold was worth more than the face value at that time.  They also stopped issuing gold certificates, and by the late 50s pulled all the silver certificates from circulation too.  I have a couple of those that I got in my change over the years, they aren't worth much more than a buck but they are cool to have.

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Superstar wrote: srossi wrote: Superstar wrote: The entire premise of Bitcoin sounds like a giant work. It's money that's not real, and people accept it for goods and services. Which makes it seems like it's money but it's not. Like I said, i would have taken some for free, but never pay for it.
All of our currency has been a giant work since we came off the Gold Standard about 80 years ago.

I can agree with that too.  But weren't we still on the Gold Standard right up until Nixon took office?  My dad told me he remembers when they basically confiscated all the gold coins in circulation and made you exchange them for paper money because the gold was worth more than the face value at that time.  They also stopped issuing gold certificates, and by the late 50s pulled all the silver certificates from circulation too.  I have a couple of those that I got in my change over the years, they aren't worth much more than a buck but they are cool to have.

It was an evokaution from the '30s to the '60s I think of slowly pulling us off of it.  The confiscation of gold coins incident definitely left a last impression on anyone old enough to have lived through it.  Most don't remember it today though.

Last edited on Tue Nov 14th, 2017 08:41 pm by srossi

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srossi wrote: Superstar wrote: srossi wrote: Superstar wrote: The entire premise of Bitcoin sounds like a giant work. It's money that's not real, and people accept it for goods and services. Which makes it seems like it's money but it's not. Like I said, i would have taken some for free, but never pay for it.
All of our currency has been a giant work since we came off the Gold Standard about 80 years ago.

I can agree with that too.  But weren't we still on the Gold Standard right up until Nixon took office?  My dad told me he remembers when they basically confiscated all the gold coins in circulation and made you exchange them for paper money because the gold was worth more than the face value at that time.  They also stopped issuing gold certificates, and by the late 50s pulled all the silver certificates from circulation too.  I have a couple of those that I got in my change over the years, they aren't worth much more than a buck but they are cool to have.

It was an evokaution from the '30s to the '60s I think of slowly pulling us off of it.  The confiscation of gold coins incident definitely left a last impression on anyone old enough to have lived through it.  Most don't remember it today though.

Asked my dad why they just didn't keep the coins, and he said "we wouldn't have had money for food, so we were forced to trade them in".

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Quattro wrote: Yeah that was me.

I bought it fell.

It's already back to $7,200 on the way to a new high.  You're fine.

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srossi wrote: Quattro wrote: Yeah that was me.

I bought it fell.

It's already back to $7,200 on the way to a new high.  You're fine.

Bitcoin hit (or came within dollars of hitting) $8,000 over night and has now settled in at $7,900.  I really wish I was actively trading this instead of just holding because the pattern has become so predictable.  Anyone buying all the dips and selling the peaks are making a killing.  Even me just holding, I'm up almost 4x.  I don't see $10,000 this year being out of the question at all and don't know how far this can go.

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Jesus....$9695.00 now

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carpetbeggar wrote: Jesus....$9695.00 now
And Ethereum is over $475 too now. I bought a smaller crypto called Potcoin (think penny stock) at 9 cents in September and sold it yesterday at 30 cents. There’s so much money to be made here it’s crazy. 

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Bitcoin price growth in days:

$0 - $1000: 1789 days
$1000- $2000: 1271 days
$2000- $3000: 23 days
$3000- $4000: 62 days
$4000- $5000: 61 days
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days

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I have been studying investing for a few years now. It is basically what I do. I have devoted 40 hours a week towards investing and studying the markets. At this point, there is no doubt in my mind that this is a bubble. However, I also know that bubbles can continue to grow for a long time and it is hard to predict ahead of time when it will burst. I will say this - amazon doesn't accept bit coin. Walmart does not. It is not that easy to pay for something with a crypto currency although the use has grown.

I have an investment in a very tiny firm in Vancouver that promotes a payment app and is indirectly related to alt currencies. It has flown up over 600% in less than 3 months. My investment was small - 37 cent basis, 4000 shares. I have removed a 1000 shares now and have all my basis back plus an $800 profit. Still have 3000 shares. Even if it collapses, I wont feel too awful now.

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Ultimark wrote: I have been studying investing for a few years now. It is basically what I do. I have devoted 40 hours a week towards investing and studying the markets. At this point, there is no doubt in my mind that this is a bubble. However, I also know that bubbles can continue to grow for a long time and it is hard to predict ahead of time when it will burst. I will say this - amazon doesn't accept bit coin. Walmart does not. It is not that easy to pay for something with a crypto currency although the use has grown.

Don't forget that this is international and much bigger in countries with devalued currency, a dictatorial or communist government, a thriving black market for everyday goods, etc.  It's bigger than Walmart.  It's huge in Zimbabwe (has been worth over $10,000 there for months already), Venezuela, Estonia, etc.  There's a Bitcoin war in China right now as the government is trying to shut it down and struggling to do so.  America isn't a major market for something like this, we just look at everything from an American perspective.  Acceptance by major American companies will help of course, but we're already beyond that.  There are tons of people around the world who are using it to buy bread to feed their families. 

Last edited on Mon Nov 27th, 2017 08:58 pm by srossi

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Estonia sounds like a fake country where a devious masked wrestler would hail from back in 1986. Just saying.

And as far as the Bitcoin values across the world, you look at it this way: A lot of these countries' currency is almost valueless. When you can get a currency that will allow you to buy internationally from much stronger countries, you will try to get hold of it. I've been to Mexico, Canada, Jamaica, and the Dominican. Canada is the ONLY country where they have shown a preference to being paid in their own currency. Everywhere I've gone in Mexico, Jamaica, and the Dominican I've been quoted prices 100% of the time in USD and if I want to pay in their local currency they usually need to get a calculator to figure out how much I owe them, and they usually do not make change.

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Superstar wrote: Estonia sounds like a fake country where a devious masked wrestler would hail from back in 1986. Just saying.

And as far as the Bitcoin values across the world, you look at it this way: A lot of these countries' currency is almost valueless. When you can get a currency that will allow you to buy internationally from much stronger countries, you will try to get hold of it. I've been to Mexico, Canada, Jamaica, and the Dominican. Canada is the ONLY country where they have shown a preference to being paid in their own currency. Everywhere I've gone in Mexico, Jamaica, and the Dominican I've been quoted prices 100% of the time in USD and if I want to pay in their local currency they usually need to get a calculator to figure out how much I owe them, and they usually do not make change.
I have had the same experience.  Even in Canada, they usually accept either CAD or USD.  

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When things shoot up this fast, no matter what it is, there is always a day of reckoning. Given my 3000 shares of GLNNF seem to be moving with the bit coin craze, I hope it continues for a while. If the next 3 months were like the last 3, the stock will be selling for about $15 a shares.

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My understanding was that China was absolutely not opposed to Bitcoin as they use their surplus energy production for mining and getting in on the fun.

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indikator wrote: My understanding was that China was absolutely not opposed to Bitcoin as they use their surplus energy production for mining and getting in on the fun.
They've been shutting down some exchanges and basically making ICOs in particular impossible.  What the government is doing is a different matter, but they're not making it easy on its citizens and entrepreneurs in the industry. 

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Would you apply that notion to the faction in different countries that wants to scrap or already has scrapped solar subsidies so that only their nuclear plants will receive subsidies? It's a slipperly slope sometimes.

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Ultimark wrote: Superstar wrote: Estonia sounds like a fake country where a devious masked wrestler would hail from back in 1986. Just saying.

And as far as the Bitcoin values across the world, you look at it this way: A lot of these countries' currency is almost valueless. When you can get a currency that will allow you to buy internationally from much stronger countries, you will try to get hold of it. I've been to Mexico, Canada, Jamaica, and the Dominican. Canada is the ONLY country where they have shown a preference to being paid in their own currency. Everywhere I've gone in Mexico, Jamaica, and the Dominican I've been quoted prices 100% of the time in USD and if I want to pay in their local currency they usually need to get a calculator to figure out how much I owe them, and they usually do not make change.
I have had the same experience.  Even in Canada, they usually accept either CAD or USD.  

I've never seen a place here turn down American money although I am sure there are some. Thing is the exchange rate is usually lousy in a shop or store so you're better off converting to Canadian at the best rate possible before you come here.

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khawk wrote: Ultimark wrote: Superstar wrote: Estonia sounds like a fake country where a devious masked wrestler would hail from back in 1986. Just saying.

And as far as the Bitcoin values across the world, you look at it this way: A lot of these countries' currency is almost valueless. When you can get a currency that will allow you to buy internationally from much stronger countries, you will try to get hold of it. I've been to Mexico, Canada, Jamaica, and the Dominican. Canada is the ONLY country where they have shown a preference to being paid in their own currency. Everywhere I've gone in Mexico, Jamaica, and the Dominican I've been quoted prices 100% of the time in USD and if I want to pay in their local currency they usually need to get a calculator to figure out how much I owe them, and they usually do not make change.
I have had the same experience.  Even in Canada, they usually accept either CAD or USD.  

I've never seen a place here turn down American money although I am sure there are some. Thing is the exchange rate is usually lousy in a shop or store so you're better off converting to Canadian at the best rate possible before you come here.


When I went to Montreal in 2009 I definitely needed to exchange my money for CAD.  Now maybe Montreal are the outliers because they barely consider themselves Canadian, but I always recall the story of walking into a nearly empty strip club at the height of the recession where there were 30 girls working and 3 customers and all eyes fell on us and I looked at my friend and said, 'Um, how does this work with coins?  Perhaps we should've researched this ahead of time."  The girls insisted that all Canadians use 5-dollar notes, making that a 500% mark-up from American strip clubs.  Oh, those shifty werkers.  I remember joking that I would just throw loonies at them and see who could catch them.  They were not amused, and I'm fairly certain that in 2017 that is now considered sexual assault and ends my budding career in both Hollywood and politics.   

When I crossed the Niagara Falls border a few years back, obviously I used USD but I got all my change back in CAD and never bothered to exchange it.

Last edited on Tue Nov 28th, 2017 06:32 pm by srossi

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Bitcoin briefly hit $10,000 a little while ago, although it quickly fell back to $9,800.  But still, another new all-time high.

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Montreal doesn't count. lol

It depends on the club. Some will accept loonies and the girls will try to pick them up with their tits while you hold it in your mouth. But lapdances have risen in price a lot in the last several years, think it's ten a pop now.

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khawk wrote: Montreal doesn't count. lol

It depends on the club. Some will accept loonies and the girls will try to pick them up with their tits while you hold it in your mouth. But lapdances have risen in price a lot in the last several years, think it's ten a pop now.

The lapdances are the least of it, at some upscale places in NYC it's easily $20 a song now, not that I go much these days.  I'm talking about what they were looking for to just prance around on stage.  I'm not sure how you slip a loonie between tits like you do a dollar, but I'm sure with experience I could figure it out.

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Having ample experience in Montreal strip clubs from about 2003 to 2007, I can attest that it is possible. I will keep the details to myself.

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srossi wrote:  I'm not sure how you slip a loonie between tits like you do a dollar, but I'm sure with experience I could figure it out.Lots of practice. :)

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gotta bring a roll of em and look for the gal with the firmest tits.

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Broke $11,500 today. This is nuts. The crash, or st least a major correction, has to be right around the corner. But people have been saying that for a while...

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Wow. Just found out a pharmacist friend of mine has made over $500,000 in this and has begun to sell.

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This is bringing back bad memories of me not buying Netflix Stock in 2001

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How much was a bit coin 5-7 yrs ago?

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Benlen wrote: How much was a bit coin 5-7 yrs ago?
In July 2010 it was worth...8 cents. That’s why you have so many crypto millionaires walking around today. 

When I first became interested in it in 2012, it was fluctuating wildly between $10-$15 and everyone said the bubble was about to burst. I didn’t buy. 

Last edited on Thu Nov 30th, 2017 05:25 am by srossi

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srossi wrote: Broke $11,500 today. This is nuts. The crash, or st least a major correction, has to be right around the corner. But people have been saying that for a while...
Some dude on posted on reddit a while ago that he'll have his left nut surgically removed if it hit $10,000 before the end of 2017.

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Mysterious wrote: srossi wrote: Broke $11,500 today. This is nuts. The crash, or st least a major correction, has to be right around the corner. But people have been saying that for a while...
Some dude on posted on reddit a while ago that he'll have his left nut surgically removed if it hit $10,000 before the end of 2017.
Now, a stock goes up if they mention any of the following - bitcoin, blockchain, crypto currency strategy.  Doesn't matter what the details are. 

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Bitcoin has dropped to $9,300 this morning, a much-needed correction that I'm not overly concerned with.  I don't pretend to know where this is going and I offer no advice at this point, but if you were STILL looking for a dip to buy on, well, this is it.  This might be your last shot to buy at under $10,000 for a very long time.  Unless it completely collapses.  I don't think it will, but I don't know for sure.  I'll just say that anyone who bought when I first started this thread in June made out like a bandit and owes me a finder's fee or something.

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some exchanges froze up yesterday from all the activity.

Last edited on Thu Nov 30th, 2017 07:26 pm by Ultimark

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Bitcoin has stabilized at around $9,400-$9,500.  I'd actually love to see it just stay in that range for the rest of the year.  Huge increases (or drops) make me nervous and I want the slow and steady approach.  If it can maintain this until Jan. 1, I'll take my initial investment out and let the rest ride.  I really don't want to cash anything out this year though for tax purposes (and yes, contrary to popular (liberal) belief, you have to pay taxes on this and the exchanges do report to the IRS).  I might not be able to wait until Jan. 1 though.  I really just want some stability.

While everyone was talking about Bitcoin, Ethereum broke $500 within the past couple of days and then came crashing down to $350, now back to $400 this morning.  I'm in on that too, to a lesser degree, and that still has a lot of growth left in it, but it's disappointing that it couldn't hold $500. 

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What is Ethereum?

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Ultimark wrote: What is Ethereum?
The second most popular crypto after Bitcoin and the Bitcoin spin-offs.  Supposedly it's more practical and has a better blockchain functionality, for those interested in the technical.

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Sorry to ask so many questions. Can you provide a link for the exchange you use? Not that I will buy at this point but I want to learn more.

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Ultimark wrote: Sorry to ask so many questions. Can you provide a link for the exchange you use? Not that I will buy at this point but I want to learn more.
https://gemini.com/

For Bitcoin and Ethereum and cashing out in USD only.

I also use Bittrex, which is much more complicated, and allows you to trade any cryptos with Bitcoin and not USD being the standard currency.

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Speaking of bubbles...the DOW just surpassed 24,000 for the first time ever.  The market has just been going crazy thanks to Trump's tax plan.  I no longer own stock other than what's in my 401(k), pension, etc. and a significant position in Citi that I got stuck with after it went down 80% during the great recession, but more people are liable to lose their shirts here (again) than with Bitcoin.

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Thanks for the info.

Yea, the market is high but, outside of a handful of large cap stocks (Netflix, Amazon and a few others) it is not in bubble territory quite yet. Emerging Market stocks are still cheap actually and European stocks are probably undervalued as well. A correction is overdue but people have thought that forever now.

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having said that, I have been slowly reducing my exposure at well. Nothing too sudden since I have learned it is next to impossible to time the market but it is riskier now than anytime since 07. I don't think a 50% drop is around the corner but the chances of a 10 to 20% drop are increasing.

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I always found Montreal strip clubs the worst in terms of trying to milk the customer of every dollar they have.


Ruins the whole experience IMO.

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srossi wrote: Bitcoin has dropped to $9,300 this morning, a much-needed correction that I'm not overly concerned with.  I don't pretend to know where this is going and I offer no advice at this point, but if you were STILL looking for a dip to buy on, well, this is it.  This might be your last shot to buy at under $10,000 for a very long time.  Unless it completely collapses.  I don't think it will, but I don't know for sure.  I'll just say that anyone who bought when I first started this thread in June made out like a bandit and owes me a finder's fee or something.
It took a weekend to bounce back to $11,775. Closing in on another milestone of $12,000. 

On another note, I bought Potcoin at 9 cents, sold it at 30 cents the day after Thanksgiving, and now it’s at 45 cents. Fuck. 

Last edited on Sun Dec 3rd, 2017 09:08 pm by srossi

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srossi wrote: srossi wrote: Bitcoin has dropped to $9,300 this morning, a much-needed correction that I'm not overly concerned with.  I don't pretend to know where this is going and I offer no advice at this point, but if you were STILL looking for a dip to buy on, well, this is it.  This might be your last shot to buy at under $10,000 for a very long time.  Unless it completely collapses.  I don't think it will, but I don't know for sure.  I'll just say that anyone who bought when I first started this thread in June made out like a bandit and owes me a finder's fee or something.
It took a weekend to bounce back to $11,775. Closing in on another milestone of $12,000. 

On another note, I bought Potcoin at 9 cents, sold it at 30 cents the day after Thanksgiving, and now it’s at 45 cents. Fuck. 

What's the best way to buy Potcoin, Steve?

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freebirdsforever2001 wrote: srossi wrote: srossi wrote: Bitcoin has dropped to $9,300 this morning, a much-needed correction that I'm not overly concerned with.  I don't pretend to know where this is going and I offer no advice at this point, but if you were STILL looking for a dip to buy on, well, this is it.  This might be your last shot to buy at under $10,000 for a very long time.  Unless it completely collapses.  I don't think it will, but I don't know for sure.  I'll just say that anyone who bought when I first started this thread in June made out like a bandit and owes me a finder's fee or something.
It took a weekend to bounce back to $11,775. Closing in on another milestone of $12,000. 

On another note, I bought Potcoin at 9 cents, sold it at 30 cents the day after Thanksgiving, and now it’s at 45 cents. Fuck. 

What's the best way to buy Potcoin, Steve?

It’s not as straightforward to buy other altcoins as it is Bitcoin because Bitcoin is what you typically use to pay for the others. I bought it on the Bittrex exchange using Bitcoin. There might be ways to buy directly from them on their website. I’ll look into it. 

Last edited on Sun Dec 3rd, 2017 09:40 pm by srossi

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srossi wrote: freebirdsforever2001 wrote: srossi wrote: srossi wrote: Bitcoin has dropped to $9,300 this morning, a much-needed correction that I'm not overly concerned with.  I don't pretend to know where this is going and I offer no advice at this point, but if you were STILL looking for a dip to buy on, well, this is it.  This might be your last shot to buy at under $10,000 for a very long time.  Unless it completely collapses.  I don't think it will, but I don't know for sure.  I'll just say that anyone who bought when I first started this thread in June made out like a bandit and owes me a finder's fee or something.
It took a weekend to bounce back to $11,775. Closing in on another milestone of $12,000. 

On another note, I bought Potcoin at 9 cents, sold it at 30 cents the day after Thanksgiving, and now it’s at 45 cents. Fuck. 

What's the best way to buy Potcoin, Steve?

It’s not as straightforward to buy other altcoins as it is Bitcoin because Bitcoin is what you typically use to pay for the others. I bought it on the Bittrex exchange using Bitcoin. There might be ways to buy directly from them on their website. I’ll look into it. 

Talking my wife into trying out some of this Potcoin before it goes up too much. Figure if we spend on a little to try it out, it wouldn't hurt if it tanked.

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freebirdsforever2001 wrote: srossi wrote: freebirdsforever2001 wrote: srossi wrote: srossi wrote: Bitcoin has dropped to $9,300 this morning, a much-needed correction that I'm not overly concerned with.  I don't pretend to know where this is going and I offer no advice at this point, but if you were STILL looking for a dip to buy on, well, this is it.  This might be your last shot to buy at under $10,000 for a very long time.  Unless it completely collapses.  I don't think it will, but I don't know for sure.  I'll just say that anyone who bought when I first started this thread in June made out like a bandit and owes me a finder's fee or something.
It took a weekend to bounce back to $11,775. Closing in on another milestone of $12,000. 

On another note, I bought Potcoin at 9 cents, sold it at 30 cents the day after Thanksgiving, and now it’s at 45 cents. Fuck. 

What's the best way to buy Potcoin, Steve?

It’s not as straightforward to buy other altcoins as it is Bitcoin because Bitcoin is what you typically use to pay for the others. I bought it on the Bittrex exchange using Bitcoin. There might be ways to buy directly from them on their website. I’ll look into it. 

Talking my wife into trying out some of this Potcoin before it goes up too much. Figure if we spend on a little to try it out, it wouldn't hurt if it tanked.

If you're only going to invest a little in one then put it in Bitcoin.  It seems a lot more stable.  I'm waiting for Potcoin to drop significantly before buying more of that.  I wouldn't be shocked if Potcoin goes back to 10 cents but Bitcoin is very unlikely to drop 75% before you can sell.  Plus Bitcoin is the gateway to all the others, if you have Bitcoin it's easier to buy into other positions.

Last edited on Mon Dec 4th, 2017 01:53 am by srossi

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I came here to say that Bitcoin hit $12,000, but before I could it hit $13,000.  So if you had even just invested on the dip when it dropped to $9,300 a few days ago, you'd still be pretty happy right now.

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Anyone who doesn't want to actually own Bitcoin can now invest in Bitcoin futures through TD Ameritrade and many other established brokerages.  Wall Streets has taken notice and despite bashing Bitcoin want to get into the game.  This isn't necessarily a good thing though.  I'm not going to touch this with a 10 foot poll because then I'll be way over-exposed if something goes wrong, but for those who haven't bought Bitcoin yet it's a decent option.

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Bitcoin has shot well past $15,000. This is nuts. I have no idea what to do at this point. I'd probably be stupid to start selling and more stupid not to.

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srossi wrote: Bitcoin has shot well past $15,000. This is nuts. I have no idea what to do at this point. I'd probably be stupid to start selling and more stupid not to.
What did you get in at?

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brodiescomics wrote: srossi wrote: Bitcoin has shot well past $15,000. This is nuts. I have no idea what to do at this point. I'd probably be stupid to start selling and more stupid not to.
What did you get in at?

Just under $2,300 in May when I was on paternity leave and took the time to really research it.  I put in a fairly modest amount of money, far from peanuts but nothing that I would kill myself if I lost.  And now I have taken that modest investment and watched it grow, in 7 months, to about 80% of the life savings that I had accumulated in my money market account (with the caveat that I just bought a house 3 years ago with a large down payment so my life savings had been depleted substantially from that, but still).

It just cracked $16,000.  It's reached its last few milestones in hours instead of days.

Last edited on Thu Dec 7th, 2017 07:54 pm by srossi

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Congrats on a good trade. Seems like a market melt up similar to the NASDAQ in late 99, early 00.

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Ultimark wrote: Congrats on a good trade. Seems like a market melt up similar to the NASDAQ in late 99, early 00.
No congratulations until I sell.  I'm not one of these people who think that Bitcoin is going to replace fiat, the government will never allow it.  I need to convert back into USD before it's a good trade, and that's my struggle now.   

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Can you just take out enough to ensure that you triple your money at least? What are the complicating factors of selling?

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Ultimark wrote: Can you just take out enough to ensure that you triple your money at least? What are the complicating factors of selling?
There are no complicating factors.  It's as easy as selling stock.  Sure, I can take out my initial investment only to ensure break-even, I can ensure that I've doubled or tripled my money too.  All things I'm considering of course. 

I'm trying to wait until 2018 for tax purposes though.  That's the biggest complicating factor actually, the fucking IRS (as always).

Last edited on Thu Dec 7th, 2017 10:50 pm by srossi

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JMO - I would do that and guarantee a triple, then ride with basically free money. It is going up in a way that looks very similar to the NASDAQ move. I know it could continue. However, these things always seem to end badly.
Not up to me though.  You were smart to be in early.

Last edited on Thu Dec 7th, 2017 10:51 pm by Ultimark

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Ultimark wrote: You were smart to be in early.
2 years before I invested I convinced myself I was too late.  It was about $200 then. It's hilarious to me that 7 months ago is now considered "early" when I've been trying to convince myself to buy Bitcoin for more than 5 years.

Last edited on Thu Dec 7th, 2017 10:57 pm by srossi

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This is a good point from an investor I respect:

Bitcoin is the huge news today, and the futures traders interested in short (betting on the coin going down) futures contracts that will be available Monday must be licking their chops just waiting to jump in. Bitcoin blew past $15,000 this morning, then $16,000, and finally $17,000 on some exchanges, after starting the day around $13,700! As I mentioned Tuesday, up to this point in Bitcoin, there has only been investors that were interested in seeing the coin go up in value. With the advent of futures trading, there will be very large investors that will have a financial interest in driving the price of Bitcoin down. In the long-term, having futures and options on Bitcoin will create a more accurate real market value, and provide some long-term price stability. In the short-term however, adding futures to Bitcoin should introduce some significant short-term volatility, and a great deal of risk to this current price. If you own Bitcoin, it will could be a wild and scary ride ahead. If you want to own Bitcoin but think you missed the run (well, you did miss the big run) you may have an opportunity to get in at significantly lower prices. Only time will tell, and I may very well be wrong (ask my wife, I usually am), but undoubtedly, the price risk goes up next week, at least for a while.

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I haven't been paying attention to this at all, but does this mean some guy who bought 100 bitcoins at a time when they were like 50 cents a piece is now literally worth 1.6 million dollars?

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dr_papufnik wrote: I haven't been paying attention to this at all, but does this mean some guy who bought 100 bitcoins at a time when they were like 50 cents a piece is now literally worth 1.6 million dollars?
That is exactly what that means (assuming they held all this time and weren't trading/buying/selling along the way).  I haven't heard from any of those people yet, but I know several who bought when it was between $50-$80 and just sold within the last few weeks.  And you can do the math on that too.

Last edited on Fri Dec 8th, 2017 01:52 am by srossi

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Did people buy them as an investment in 2012 or 2013 or whenever? Was it seen that way by anybody?

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srossi wrote: This is a good point from an investor I respect:

Bitcoin is the huge news today, and the futures traders interested in short (betting on the coin going down) futures contracts that will be available Monday must be licking their chops just waiting to jump in. Bitcoin blew past $15,000 this morning, then $16,000, and finally $17,000 on some exchanges, after starting the day around $13,700! As I mentioned Tuesday, up to this point in Bitcoin, there has only been investors that were interested in seeing the coin go up in value. With the advent of futures trading, there will be very large investors that will have a financial interest in driving the price of Bitcoin down. In the long-term, having futures and options on Bitcoin will create a more accurate real market value, and provide some long-term price stability. In the short-term however, adding futures to Bitcoin should introduce some significant short-term volatility, and a great deal of risk to this current price. If you own Bitcoin, it will could be a wild and scary ride ahead. If you want to own Bitcoin but think you missed the run (well, you did miss the big run) you may have an opportunity to get in at significantly lower prices. Only time will tell, and I may very well be wrong (ask my wife, I usually am), but undoubtedly, the price risk goes up next week, at least for a while.

May I ask on how much you bought?

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Tulips.

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On the first day of Bitcoin futures trading, the futures have surged from $15,000 past $18,000.  The actual price of Bitcoin has stabilized all weekend in the $15,000-$16,000 range and is $16,500 right now. 

Last edited on Mon Dec 11th, 2017 07:19 pm by srossi

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Litecoin seems to be up and up on the way

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Litecoin seems to be up and up on the way

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krazykid18 wrote: Litecoin seems to be up and up on the way
Yeah, another good one.  It was between that and Ethereum and I picked Ethereum.  Either way I would've made money, but Litecoin is really picking up steam now.  I think it was $50 when I first saw it, now it's about to hit $300.  I bought Ethereum at $225 or so, now it's about to hit $600.  They're all going crazy with no end in sight.  It's like printing money for anyone who got in.  It was almost impossible to pick a bad altcoin.

Last edited on Tue Dec 12th, 2017 09:18 pm by srossi

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I have a question....
Lets say you have a million dollars worth in bitcoins. How would you cash that in?

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Benlen wrote: I have a question....
Lets say you have a million dollars worth in bitcoins. How would you cash that in?

The same way you bought it.  An online exchange these days.  It's as easy as selling stock, and you can transfer the cash directly to your bank account if you set up your account that way.  Although with that large amount of money, you might not be able to move it all at once, depending on the exchange.  I think the one I use has a $250,000 limit per day, so it would take you 4 days, and then maybe another 3 days each for the transactions to clear your bank.  But you'd still be able to sell Bitcoin for cash and have the cash waiting in your exchange.

One of the biggest misconceptions about Bitcoin, other than the fact that you can only use it to buy drugs, seems to be that it's not really worth anything because it's impossible to get cash for it.  My Facebook is filled with these asinine types of comments.  I have no idea where people are getting this from, other than the fact that they have no idea what they're talking about and are already jealous that they missed the boat so they don't want to learn now.  I see a thousand comments like "You don't really have x amount of dollars worth because you can never sell it for that."  I can, and have, sold it for cash within minutes, and that was selling Potcoin for Bitcoin and then selling Bitcoin for USD, so there was even an extra step involved that required me to use 2 different exchanges (I have never touched my initial investment in Bitcoin yet).  I still had no issue whatsoever.  That money was in my bank account within 3 days and was used to purchase a new desktop later that week.  Potcoin to Bitcoin to cash to an actual product within a week, no problem.  Yet, I've been told this is impossible and it's not "real money".  If these people spent half as much time doing research as shitting on things they don't understand online, maybe they'd get somewhere in life.   

Last edited on Wed Dec 13th, 2017 06:49 pm by srossi

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The futures market seems to have created some short-term stability, which I like.  Bitcoin has been dicking around between $15,500 - $17,000 for a few days now.  I wouldn't mind if this continued for the rest of the year at all.  If it stays within that range, I'll have a very Merry Christmas and won't have to worry about checking the price obsessively and finding a laptop to frantically plug into at a moment's notice while on vacation. 

In the meantime, Ethereum and Litecoin and making their big moves. I have a lot less money in Ethereum and I think it still has tons of room for growth, so I'll just hold onto that and if it plummets then so be it. 

Last edited on Thu Dec 14th, 2017 01:26 am by srossi

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Potcoin has released their mission statement and "Vision Board" for 2018:

http://www.potcoin.com/2017/12/13/potcoin-2018-vision-board?ref=email&utm_source=newsletter&utm_medium=email&utm_campaign=important_update_potcoin_releases_2018_vision_board&utm_term=2017-12-14

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Srossi,

i am finally on gemini but you can only trade Etherium and Bitcoin can you touch the altcoins or i need to sign up to coinbase

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krazykid18 wrote: Srossi,

i am finally on gemini but you can only trade Etherium and Bitcoin can you touch the altcoins or i need to sign up to coinbase

Gemini is only for BTC and ETH. For other coins I use Bittrex. I don’t know much about Coinbase but it’s another popular one. 

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Bitcoin Price Drops 22% in Four Days As Infighting Goes Public

From a Sunday high of nearly $20,000 per digital coin, Bitcoin dropped more than 22% to a price as low as $15,262 on Thursday afternoon. Some see the drop as fallout from long-unresolved problems with Bitcoin’s infrastructure, and the increasingly intense civil war it has produced in the cryptocurrency community.

http://fortune.com/2017/12/21/bitcoin-price-drops-infighting/

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Price of bitcoin now at $12,130. Nothing goes up in a straight line like that without a big correction eventually. Don't know enough about the topic to know where it goes from here. That is why I stayed out.

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brodiescomics wrote: Bitcoin Price Drops 22% in Four Days As Infighting Goes Public

From a Sunday high of nearly $20,000 per digital coin, Bitcoin dropped more than 22% to a price as low as $15,262 on Thursday afternoon. Some see the drop as fallout from long-unresolved problems with Bitcoin’s infrastructure, and the increasingly intense civil war it has produced in the cryptocurrency community.

http://fortune.com/2017/12/21/bitcoin-price-drops-infighting/

It has nothing to do with that.  There's been Bitcoin in-fighting forever.  If that didn't cause the price to drop off the face of the earth during the last 2 splits to Bitcoin Cash and Bitcoin Gold then nothing will. 

It's Wall Street shorting Bitcoin now that it's being traded on the futures market.  And then once the price dropped a little bit, that shook out all the newbies from the past 2 months, which exacerbated the problem.  And of course you combine all of that with a legitimate market correction because it never should've doubled in a month anyway. 

I think $10,000-$12,000 is an excellent buying opportunity and after this is over we'll see some semblance of stability and a real market price.  I sold a bunch as it was plummeting at around $15,000 and then bought more this morning at $12,000. 

As Bitcoin drops so does every other crypto, so this is a great chance to get back in on Ethereum, Litecoin, Potcoin, or whatever else you missed the boat on the first time.       

Last edited on Fri Dec 22nd, 2017 07:42 pm by srossi

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Bitcoin went back to $17,000 today, so those responsible for driving the price down didn't succeed for long. The shorts have to getting nervous.

In the meantime, Ethereum cracked the $1,000 mark for the first time a few days ago and has been hovering around it ever since.

I also got into the Bitcoin alternative Ripple, which is controlled by the banksters, at 77 cents and now it's $2.50.

Last edited on Fri Jan 5th, 2018 10:24 pm by srossi

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Does anyone know anything about Ripple or IOTA?

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freebirdsforever2001 wrote: Does anyone know anything about Ripple or IOTA?
I bought Ripple at 77 cents and it’s mostly up. It was in the news today because they signed a deal with MoneyGram. Ripple is centralized though and looked down upon in the crypto community. It’s called a “banker coin” with the conspiracy theory being that the bankers want you to pay them your Bitcoin to buy Ripple so they can get more Bitcoin off the market. 

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srossi wrote: freebirdsforever2001 wrote: Does anyone know anything about Ripple or IOTA?
I bought Ripple at 77 cents and it’s mostly up. It was in the news today because they signed a deal with MoneyGram. Ripple is centralized though and looked down upon in the crypto community. It’s called a “banker coin” with the conspiracy theory being that the bankers want you to pay them your Bitcoin to buy Ripple so they can get more Bitcoin off the market. 

Is it any good or is it crypto version of penny stocks?

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freebirdsforever2001 wrote: srossi wrote: freebirdsforever2001 wrote: Does anyone know anything about Ripple or IOTA?
I bought Ripple at 77 cents and it’s mostly up. It was in the news today because they signed a deal with MoneyGram. Ripple is centralized though and looked down upon in the crypto community. It’s called a “banker coin” with the conspiracy theory being that the bankers want you to pay them your Bitcoin to buy Ripple so they can get more Bitcoin off the market. 

Is it any good or is it crypto version of penny stocks?

It’s got a lot of hype and some major players backing it. Whether or not it’s “good” depends on whether it goes up and your guess is as good as mine. I wouldn’t have bought it if I didn’t think it would do OK. At one point I was up more than 300% on it but then it dropped a bit and now I’m only at around doubled up.  

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All cryptos are in freefall right now.  Bitcoin has plummeted under $10,000 and everything else is doing just as bad.  If you just bought in, you're taking a bath.  I'm waiting out the storm and hoping for the best. 

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I saw recently that hundreds of new currencies have been created. Not a good sign obviously. Thinking there will be a few survivors but they will be regulated. The days of anonymous investing may be coming to an end.

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South Korea is pushing back on Bitcoin and that's a stronghold for them, and you still have the futures market shaking things out.  I don't think it's price will collapse at all, but I think it will be valued more realistically and be less volatile. You also have a ton of newbies (maybe the majority of investors at this point) who don't know what they're doing and get scared away easily, so that doesn't help.   

As far as the other coins, I knew it had jumped the shark when a Trumpcoin was introduced and shot up to 47 cents from like 1 cent.  90%+ of these coins are going to zero.  There's still money to be made if you invest in the right coins though, but the days of picking one randomly and still making 50% on your investment are over, as it should be.  Even the legit coins like Ethereum and Ripple are just getting killed right now though, so again I'm just waiting out the storm. 

Last edited on Wed Jan 17th, 2018 08:20 pm by srossi

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I should have known this was coming. My brother who knows zero about pretty much anything called me last week and wanted to invest in Ethereum because the guy that works next to him at the Post Office is getting rich off of it. I told him that you are the guy who remains poor and should stay away.

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I've noticed that video cards for computers are sold out everywhere as people think they're going to be able to mine these currencies.

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LAF wrote: I've noticed that video cards for computers are sold out everywhere as people think they're going to be able to mine these currencies.
Mining hasn't been a way for the average person to make money in a few years now, so that's dumb.  Unless you steal electricity from a neighbor or business (and for a while some people did manage to do this at work on the sly), your electric bill will easily surpass any amount of crypto you're mining.

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srossi wrote: LAF wrote: I've noticed that video cards for computers are sold out everywhere as people think they're going to be able to mine these currencies.
Mining hasn't been a way for the average person to make money in a few years now, so that's dumb.  Unless you steal electricity from a neighbor or business (and for a while some people did manage to do this at work on the sly), your electric bill will easily surpass any amount of crypto you're mining.

If your electric bill shoots up, you're going to get a visit from the police too because they'll assume you are growing weed.

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Srossi,

For those cheap coins like verge and other shit what can i use i signed up for gemini and after 2 weeks they finally let me thru but the bloodletting happen so i fell back

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krazykid18 wrote: Srossi,

For those cheap coins like verge and other shit what can i use i signed up for gemini and after 2 weeks they finally let me thru but the bloodletting happen so i fell back

I use Bittrex for some of the cheaper coins like Ripple, Golem, and Potcoin.  I imagine they have Verge too.  Coinbase is a popular platform that might have the cheaper coins too, but I can only speak for Gemini and Bittrex since those are the two I have accounts with. 

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I heard sweatcoin is where it’s at

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Bitcoin is having its worst week since 2013. Under $9,000 now and dragging most of the other altcoins down with it.

Last edited on Fri Feb 2nd, 2018 06:56 pm by srossi

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srossi wrote: Bitcoin is having its worst week since 2013. Under $9,000 now and dragging most of the other altcoins down with it.

Yeah it dropped like crazy 

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No one really knows how to price it. These things were intended to be used for currency - to pay for shit, not as a way to get rich quick. There is zero intrinsic value to any of these currencies. That doesn't mean that a few are not viable as alternate currencies. I think they are but I just am not buying all of this as a long term investment. If anyone has made really good money investing, I would suggest getting the Hell out now.
edit - I should actually say the intrinsic value is unknown.  It isn't zero obviously. 

Last edited on Fri Feb 2nd, 2018 08:42 pm by Ultimark

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Pretty rough day for Wall Street as well. People got ahead of themselves.

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I am happy to finally see a downtown. It was getting ahead of itself. Nothing wrong with a bear market. It creates opportunity. Hopefully the trend down continues.

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Bitcoin is in freefall below $7,000 now, but it's important to remember that it just hit a level that it last passed (on the way up) in mid-November, just 2 1/2 months ago.  I think $10,000 is a pretty fair value so there's still a buying opportunity there.  But anyone who just bought at the end of last year is getting wiped out.  I'd strongly advise against panic selling.  I sold a little close to its peak to lock in some gains and I'm still up a lot from when I bought it at $2,500, so I'm just trying to ride out the storm. 

Last edited on Tue Feb 6th, 2018 12:13 am by srossi

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srossi wrote: Bitcoin is in freefall below $7,000 now, but it's important to remember that it just hit a level that it last passed (on the way up) in mid-November, just 2 1/2 months ago.  I think $10,000 is a pretty fair value so there's still a buying opportunity there.  But anyone who just bought at the end of last year is getting wiped out.  I'd strongly advise against panic selling.  I sold a little close to its peak to lock in some gains and I'm still up a lot from when I bought it at $2,500, so I'm just trying to ride out the storm.
Far be it for me to give financial advice...but I'm hoping that when it hit $9500 or so that you sold enough to cover your original investment, making everything you now own full gravy.  Because at that point, you can ride the wave and still be ok.

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Superstar wrote: srossi wrote: Bitcoin is in freefall below $7,000 now, but it's important to remember that it just hit a level that it last passed (on the way up) in mid-November, just 2 1/2 months ago.  I think $10,000 is a pretty fair value so there's still a buying opportunity there.  But anyone who just bought at the end of last year is getting wiped out.  I'd strongly advise against panic selling.  I sold a little close to its peak to lock in some gains and I'm still up a lot from when I bought it at $2,500, so I'm just trying to ride out the storm.
Far be it for me to give financial advice...but I'm hoping that when it hit $9500 or so that you sold enough to cover your original investment, making everything you now own full gravy.  Because at that point, you can ride the wave and still be ok.

$9,500 or $19,500?  It's pretty impossible to time it perfectly at the peak, but I sold some around $17,500, and I made money off of other coins too. 

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Glad you sold some near the top. Hopefully, it was most of it. My neighbor who is a Prof of Finance at Wharton (and always admits he has been wrong and will be wrong again) said he thinks all these currencies will be worth zero pretty soon.

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Ultimark wrote: Glad you sold some near the top. Hopefully, it was most of it. My neighbor who is a Prof of Finance at Wharton (and always admits he has been wrong and will be wrong again) said he thinks all these currencies will be worth zero pretty soon.
I don't believe that at all.  Governments and Wall Street don't get involved in something because it's going to zero.  They're trying to regulate the early adopters and fly-by-night speculators out of it to get it for themselves.  This is all tree shaking right now because they got terrified at how popular it was getting.  But the blockchain isn't going anywhere. 

Also with the stock market finally crashing after being way oversold for 2 years, I imagine a lot of that money is going to be shifted to crypto pretty soon.  It has to go somewhere.

Last edited on Tue Feb 6th, 2018 06:31 pm by srossi

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I don't think crypto is a safe haven trade.

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Maybe it goes back up. After studying the markets and market history for the past 3 years, I have learned that unpredictable things can happen. The best we can do is look at all the available evidence and apply history to it. In that case the crypto's are basically primed to fall big. However, maybe it is truly different this time and history doesn't apply. That can happen. IMO - I wouldn't invest a dime. I still think a couple survive but as currencies not as investments.

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I bought back into Potcoin at 9 cents. A few months ago I bought it at the same price and sold for over 30 cents, so hopefully there's a recovery and it can get back there again.

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Decent recovery over the last 2 days. Bitcoin back over $8,000, ETH over $800, the Potcoin I bought at 9 cents already at 14 cents.

Last edited on Wed Feb 7th, 2018 08:33 pm by srossi

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Price is now back over $9200. Since I mentioned the price on the way down, I should note that it has recovered in recent days.

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Ultimark wrote: Price is now back over $9200. Since I mentioned the price on the way down, I should note that it has recovered in recent days.
I really like the slow and steady progress that Bitcoin is making now.  The price has stabilized and the increases make sense, as opposed to last year when it was just crazy.  I'm hoping it can continue like this and we can get an orderly march to $15,000 by the end of the year, with a few dips along the way. 

Hindsight is always 20/20, and this was completely uncharted territory in the history of investing, but my God, if I had sold all of it at close to $19,000 and then bought back in at close to $6,000...Oh well, I'm very happy with where I am.  My gains are pretty amazing and the only stupid thing I did was panic-sell some Ethereum a few weeks ago when it was close to the bottom, which I immediately regretted and knew better even as I was doing it.  But that mistake was chump change compared to how much I have invested total.

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Bitcoin is a bout to hit $10,000 again, so it'll be interesting to see how it holds up at that level.  And Ethereum is about to reach $1,000 again as those two coins move exactly the same lately.

Last edited on Thu Feb 15th, 2018 07:34 pm by srossi

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I have no idea why but Potcoin doubled over night. Holy shit. Hope those that were interested actually bought it and held.

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So Bitcoin has exploded past $10,000, and then $12,000 again.  Ethereum is back to $350.  And all of this is with little of the hype that it received last time, which is exciting because it's mostly an expanding group of diehards and the casual investors and johnny-come-latelys aren't involved as much right now.  I think we'll see close to $20,000 again before another pullback, I might sell half my position at $15,000 or so. 

I got in the first time at $2,500 and then sold much of my position near it's peak, then got back in around $7,000 and am going for the ride again.  The only think that I got killed on was some of the smaller altcoins.  Those seem dead, many going to zero.  I wish I hadn't wasted time, energy, and money on those since it was also a hassle to find platforms that would trade in them.  But I lost a few hundred on those and gained well into the 6 figures on BTC and ETH, so I think I'd say this was all worth it. This is real money, cold hard USD cash deposited into my accounts when I sold, so the fact that I still see so many comments online about how it's fake makes me laugh. 

Last edited on Wed Jun 26th, 2019 02:19 pm by srossi

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srossi wrote: So Bitcoin has exploded past $10,000, and then $12,000 again.  Ethereum is back to $350.  And all of this is with little of the hype that it received last time, which is exciting because it's mostly an expanding group of diehards and the casual investors and johnny-come-latelys aren't involved as much right now.  I think we'll see close to $20,000 again before another pullback, I might sell half my position at $15,000 or so. 

I got in the first time at $2,500 and then sold much of my position near it's peak, then got back in around $7,000 and am going for the ride again.  The only think that I got killed on was some of the smaller altcoins.  Those seem dead, many going to zero.  I wish I hadn't wasted time, energy, and money on those since it was also a hassle to find platforms that would trade in them.  But I lost a few hundred on those and gained well into the 6 figures on BTC and ETH, so I think I'd say this was all worth it. This is real money, cold hard USD cash deposited into my accounts when I sold, so the fact that I still see so many comments online about how it's fake makes me laugh. 

I don't want to get in to your personal business  but how much did you invest initially i remember you said you took your 401k out and put it all on bitcoins 
So should i get involved at this money they are saying it will hit 40k

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krazykid18 wrote: srossi wrote: So Bitcoin has exploded past $10,000, and then $12,000 again.  Ethereum is back to $350.  And all of this is with little of the hype that it received last time, which is exciting because it's mostly an expanding group of diehards and the casual investors and johnny-come-latelys aren't involved as much right now.  I think we'll see close to $20,000 again before another pullback, I might sell half my position at $15,000 or so. 

I got in the first time at $2,500 and then sold much of my position near it's peak, then got back in around $7,000 and am going for the ride again.  The only think that I got killed on was some of the smaller altcoins.  Those seem dead, many going to zero.  I wish I hadn't wasted time, energy, and money on those since it was also a hassle to find platforms that would trade in them.  But I lost a few hundred on those and gained well into the 6 figures on BTC and ETH, so I think I'd say this was all worth it. This is real money, cold hard USD cash deposited into my accounts when I sold, so the fact that I still see so many comments online about how it's fake makes me laugh. 

I don't want to get in to your personal business  but how much did you invest initially i remember you said you took your 401k out and put it all on bitcoins 
So should i get involved at this money they are saying it will hit 40k

No, I never said that.  I would never recommend that anyone put their retirement into any investment, or withdraw their 401(k) early for any reason period.  Only invest what you can afford to lose.  If you have a few thousand dollars laying around, then hell yeah, I'd say get in, although whether or not you want to wait until it drops again or not is up to you, it's not like I can predict where it's going.  But obviously any investment is a risk. 

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I think it was Ultimark’s friend who put his 401(k) into ETH, and then lost it all. Could be wrong.

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It's a bloodbath out there today with Bitcoin dropping below $11,000 and ETH below $300 again. For anyone looking for an entry point...

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Srossi should i dropped a G in ripple.

i really don't need the thousand but i am looking at if ripple ever goes up to 5 dollars i can make a killing..

What do you think

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krazykid18 wrote: Srossi should i dropped a G in ripple.

i really don't need the thousand but i am looking at if ripple ever goes up to 5 dollars i can make a killing..

What do you think

Ripple is dead. Put it in Bitcoin. Just because it’s a lot more expensive doesn’t mean you can’t still make lots of money off of a $1,000 investment. 

Last edited on Tue Jul 9th, 2019 10:00 pm by srossi

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srossi wrote: krazykid18 wrote: Srossi should i dropped a G in ripple.

i really don't need the thousand but i am looking at if ripple ever goes up to 5 dollars i can make a killing..

What do you think

Ripple is dead. Put it in Bitcoin. Just because it’s a lot more expensive doesn’t mean you can’t still make lots of money off of a $1,000 investment. 

Thanks i will have to do that but damn bitcoin is high right now but i understand what you are saying

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Trump rage-tweets about Bitcoin. LOL. This guy is a fucking moron about everything, and such a liberal with his regulation rhetoric. 

Attachment: A54DD5AF-70EA-4964-A96C-7652F830B091.jpeg (Downloaded 69 times)

Last edited on Fri Jul 12th, 2019 01:33 am by srossi

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This was clearly not worded by Trump, so the important question is whose word these are

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indikator wrote: This was clearly not worded by Trump, so the important question is whose word these are

Whoever the last person be spoke to was.

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Kriss wrote: indikator wrote: This was clearly not worded by Trump, so the important question is whose word these are

Whoever the last person be spoke to was.

More likely Fox News ran a piece on Bitcoin investors making millions and Trump got jealous that they were richer than him, so he asked a crony how to spell "cryptocurrency" and then started furiously typing during his morning dump.  This is not a joke, I believe it is a very likely scenario.

Last edited on Fri Jul 12th, 2019 01:18 pm by srossi

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srossi wrote: Kriss wrote: indikator wrote: This was clearly not worded by Trump, so the important question is whose word these are

Whoever the last person be spoke to was.

More likely Fox News ran a piece on Bitcoin investors making millions and Trump got jealous that they were richer than him, so he asked a crony how to spell "cryptocurrency" and then started furiously typing during his morning dump.  This is not a joke, I believe it is a very likely scenario.


He probably asked the Treasury department if he could use Bitcoin to build the wall.

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So here's the narrative from the Trumpster sheep, most of whom hate the Fed and support Bitcoin.  You see, Trump is a genius once again using reverse psychology to be 5 steps ahead of everyone else.  He knows that anything he hates will be pushed hard by the liberal media, thus his comments will actually propel Bitcoin to even greater heights.  And Trump hates regulation and would never add any, but by saying he will he is hoping that the Democrats in Congress who actually have the power to implement these regulations will decide not to.  They absolutely believe this.

Last edited on Fri Jul 12th, 2019 05:30 pm by srossi

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srossi wrote: So here's the narrative from the Trumpster sheep, most of whom hate the Fed and support Bitcoin.  You see, Trump is a genius once again using reverse psychology to be 5 steps ahead of everyone else.  He knows that anything he hates will be pushed hard by the liberal media, thus his comments will actually propel Bitcoin to even greater heights.  And Trump hates regulation and would never add any, but by saying he will he is hoping that the Democrats in Congress who actually have the power to implement these regulations will decide not to.  They absolutely believe this.I tend to agree with you - him tweeting about how he hates Bitcoin is just going to make people buy it.  I wish he'd tweet about what scumbags Canopy Growth are because I've been getting killed this past week......

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krazykid18 wrote: srossi wrote: krazykid18 wrote: Srossi should i dropped a G in ripple.

i really don't need the thousand but i am looking at if ripple ever goes up to 5 dollars i can make a killing..

What do you think

Ripple is dead. Put it in Bitcoin. Just because it’s a lot more expensive doesn’t mean you can’t still make lots of money off of a $1,000 investment. 

Thanks i will have to do that but damn bitcoin is high right now but i understand what you are saying


Crypto has been hammered since this post.  ETH has plummeted to like $220 so I'm going to put a few hundred more in that.  Bitcoin is still over $10,000 but this is looking like a good buying opportunity there too.  The next bounce might take it to around $14,000, not that these things are ever that predictable. 

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My crypto exchange Gemini now has a referral program. If anyone wants my referral code, please PM me and give me your e-mail. You only need to invest $100 within 30 days and then you'll get $10. You can trade Bitcoin, Ethereum, and several of the other major cryptos using Gemini.  This is the platform founded by the Winklevoss Twins of Facebook fame and it's very reputable.

Last edited on Mon Aug 26th, 2019 06:38 pm by srossi

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srossi wrote: My crypto exchange Gemini now has a referral program. If anyone wants my referral code, please PM me and give me your e-mail. You only need to invest $100 within 30 days and then you'll get $10. You can trade Bitcoin, Ethereum, and several of the other major cryptos using Gemini.How are they doing since your last report?  You were talking about a good entry point in July when BTC And ETH were dropping, and while I know that i can look it up, I'd rather hear your spin on it.  You've been pretty solid with the crypto advice so far.

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Superstar wrote: srossi wrote: My crypto exchange Gemini now has a referral program. If anyone wants my referral code, please PM me and give me your e-mail. You only need to invest $100 within 30 days and then you'll get $10. You can trade Bitcoin, Ethereum, and several of the other major cryptos using Gemini.How are they doing since your last report?  You were talking about a good entry point in July when BTC And ETH were dropping, and while I know that i can look it up, I'd rather hear your spin on it.  You've been pretty solid with the crypto advice so far.

Mostly dicking around.  BTC is hovering just over $10,000 still.  Not a lot of movement either way.  Stability isn't a bad thing though. 

ETH kept dropping to just below $200, then stabilized and hasn't done anything for weeks.

Last edited on Mon Aug 26th, 2019 06:51 pm by srossi

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The president of China made some comments about accelerating blockchain adaptation today and Bitcoin exploded about $2,000 back to $9,600. The last $1,000 basically happened in the last hour.

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I've been buying and selling between $7,500 and $9,500 with a lot of success, but yesterday I bought back in at $7,600 and today the price plummeted to $6,800 on more China crackdown news. Just goes to show that you can't always try to time the market. It'll bounce back soon, I just wish I had waited 1 more fucking day to buy.

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srossi wrote: I've been buying and selling between $7,500 and $9,500 with a lot of success, but yesterday I bought back in at $7,600 and today the price plummeted to $6,800 on more China crackdown news. Just goes to show that you can't always try to time the market. It'll bounce back soon, I just wish I had waited 1 more fucking day to buy.
do you think it will dip lower than 6,000

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krazykid18 wrote: srossi wrote: I've been buying and selling between $7,500 and $9,500 with a lot of success, but yesterday I bought back in at $7,600 and today the price plummeted to $6,800 on more China crackdown news. Just goes to show that you can't always try to time the market. It'll bounce back soon, I just wish I had waited 1 more fucking day to buy.
do you think it will dip lower than 6,000

Who knows?  It's back at $7,000 now already.  I'd say don't try to time it too precisely and just jump in when it reaches a number you're comfortable with.  It'll probably be back over $9,000 within the next couple of months.  Then sell, and wait for the drop again.  That's been the pattern this year, although the pattern could always change.

Last edited on Fri Nov 22nd, 2019 01:58 pm by srossi

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srossi wrote: krazykid18 wrote: srossi wrote: I've been buying and selling between $7,500 and $9,500 with a lot of success, but yesterday I bought back in at $7,600 and today the price plummeted to $6,800 on more China crackdown news. Just goes to show that you can't always try to time the market. It'll bounce back soon, I just wish I had waited 1 more fucking day to buy.
do you think it will dip lower than 6,000

Who knows?  It's back at $7,000 now already.  I'd say don't try to time it too precisely and just jump in when it reaches a number you're comfortable with.  It'll probably be back over $9,000 within the next couple of months.  Then sell, and wait for the drop again.  That's been the pattern this year, although the pattern could always change.


Very true, good advice 

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My brother keeps buying Etherum after it bounces and then sells near the bottom. He has lost $50K on trades now. It is amazing that he actually admits it to me. He cannot see it is his behavior that is killing him. Blaming everyone else.

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Ultimark wrote: My brother keeps buying Etherum after it bounces and then sells near the bottom. He has lost $50K on trades now. It is amazing that he actually admits it to me. He cannot see it is his behavior that is killing him. Blaming everyone else.

Why is he trading and losing 50k WTF

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krazykid18 wrote: Ultimark wrote: My brother keeps buying Etherum after it bounces and then sells near the bottom. He has lost $50K on trades now. It is amazing that he actually admits it to me. He cannot see it is his behavior that is killing him. Blaming everyone else.

Why is he trading and losing 50k WTF
His first trade, he was in over at over a thousand.  I think it was Feb of of 18 although my memory might be foggy.  Then, months later he sold around $100.  At almost every bounce, he has bought only to see if slide back again.   Of course, he sells then.  What makes this even worse is that he the money for the original trade from an inherited IRA.  He had to pay taxes on all of that.  He tried to claim I didn't tell him that.  I saved the 5 texts where I told him that and I told him to not get involved with alt currencies. 

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Ultimark wrote: krazykid18 wrote: Ultimark wrote: My brother keeps buying Etherum after it bounces and then sells near the bottom. He has lost $50K on trades now. It is amazing that he actually admits it to me. He cannot see it is his behavior that is killing him. Blaming everyone else.

Why is he trading and losing 50k WTF
His first trade, he was in over at over a thousand.  I think it was Feb of of 18 although my memory might be foggy.  Then, months later he sold around $100.  At almost every bounce, he has bought only to see if slide back again.   Of course, he sells then.  What makes this even worse is that he the money for the original trade from an inherited IRA.  He had to pay taxes on all of that.  He tried to claim I didn't tell him that.  I saved the 5 texts where I told him that and I told him to not get involved with alt currencies. 

Buy high, sell low.  Unique strategy.  If he reversed those buys and sells he'd be in the money.

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srossi wrote: Ultimark wrote: krazykid18 wrote: Ultimark wrote: My brother keeps buying Etherum after it bounces and then sells near the bottom. He has lost $50K on trades now. It is amazing that he actually admits it to me. He cannot see it is his behavior that is killing him. Blaming everyone else.

Why is he trading and losing 50k WTF
His first trade, he was in over at over a thousand.  I think it was Feb of of 18 although my memory might be foggy.  Then, months later he sold around $100.  At almost every bounce, he has bought only to see if slide back again.   Of course, he sells then.  What makes this even worse is that he the money for the original trade from an inherited IRA.  He had to pay taxes on all of that.  He tried to claim I didn't tell him that.  I saved the 5 texts where I told him that and I told him to not get involved with alt currencies. 

Buy high, sell low.  Unique strategy.  If he reversed those buys and sells he'd be in the money.

Right wtf, i would wait and just pray to whatever spiritual human being it will reverse since it is a little unpredictable 

Last edited on Fri Nov 22nd, 2019 05:03 pm by krazykid18

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He is the guy that should be happy with contribs to his 401(k) every 2 weeks.  He had a next door neighbor who made a shit ton in Etherum.  He was jealous.

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srossi wrote: I've been buying and selling between $7,500 and $9,500 with a lot of success, but yesterday I bought back in at $7,600 and today the price plummeted to $6,800 on more China crackdown news. Just goes to show that you can't always try to time the market. It'll bounce back soon, I just wish I had waited 1 more fucking day to buy.
My strategy bit me in the ass this time. I sold at $9,500 again but it continued to explode to over $10,100 as of this morning. I still made money but now I’m worried that this is the big break-out and I’m stuck on the sidelines. KK, I hope you bought around $7,000.

Ethereum is also exploding and I’ve just been holding that for ages so I have to think about when to sell that. 

Last edited on Sun Feb 9th, 2020 05:08 pm by srossi

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srossi wrote: srossi wrote: I've been buying and selling between $7,500 and $9,500 with a lot of success, but yesterday I bought back in at $7,600 and today the price plummeted to $6,800 on more China crackdown news. Just goes to show that you can't always try to time the market. It'll bounce back soon, I just wish I had waited 1 more fucking day to buy.
My strategy bit me in the ass this time. I sold at $9,500 again but it continued to explode to over $10,100 as of this morning. I still made money but now I’m worried that this is the big break-out and I’m stuck on the sidelines. KK, I hope you bought around $7,000.

Ethereum is also exploding and I’ve just been holding that for ages so I have to think about when to sell that. 

Nope and i am mad

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I bought back into Cerner at the beginning of 2019 when it was at $50. Just pushed above $80 this morning and hovering close to it now at all time highs after they beat earnings a week ago.

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krazykid18 wrote: srossi wrote: srossi wrote: I've been buying and selling between $7,500 and $9,500 with a lot of success, but yesterday I bought back in at $7,600 and today the price plummeted to $6,800 on more China crackdown news. Just goes to show that you can't always try to time the market. It'll bounce back soon, I just wish I had waited 1 more fucking day to buy.
My strategy bit me in the ass this time. I sold at $9,500 again but it continued to explode to over $10,100 as of this morning. I still made money but now I’m worried that this is the big break-out and I’m stuck on the sidelines. KK, I hope you bought around $7,000.

Ethereum is also exploding and I’ve just been holding that for ages so I have to think about when to sell that. 

Nope and i am mad

Just remember come POTY time that all you motherfuckers would be rich if you had just listened to me from the beginning.  

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srossi wrote: krazykid18 wrote: srossi wrote: srossi wrote: I've been buying and selling between $7,500 and $9,500 with a lot of success, but yesterday I bought back in at $7,600 and today the price plummeted to $6,800 on more China crackdown news. Just goes to show that you can't always try to time the market. It'll bounce back soon, I just wish I had waited 1 more fucking day to buy.
My strategy bit me in the ass this time. I sold at $9,500 again but it continued to explode to over $10,100 as of this morning. I still made money but now I’m worried that this is the big break-out and I’m stuck on the sidelines. KK, I hope you bought around $7,000.

Ethereum is also exploding and I’ve just been holding that for ages so I have to think about when to sell that. 

Nope and i am mad

Just remember come POTY time that all you motherfuckers would be rich if you had just listened to me from the beginning.  


Yep in 2017 u said it 

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Ethereum up to 283. Think it’s just about time to sell and buy back when it drops. Not sure if it can hit and sustain 300.

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Bitcoin master aka Srossi

do i come in and drop money on it or do i wait

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krazykid18 wrote: Bitcoin master aka Srossi

do i come in and drop money on it or do i wait

I just bought more a few days ago and just lost my shirt.  I'm holding and being patient.  I have no doubt it will come back to at least $8,000 in due time, but I have no idea where the bottom is.  Same with the stock market.  Everything is a mess right now, but it'll all rebound in a few months.  It could get worse before it gets better though.

Last edited on Thu Mar 12th, 2020 04:27 pm by srossi

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srossi wrote: krazykid18 wrote: Bitcoin master aka Srossi

do i come in and drop money on it or do i wait

I just bought more a few days ago and just lost my shirt.  I'm holding and being patient.  I have no doubt it will come back to at least $8,000 in due time, but I have no idea where the bottom is.  Same with the stock market.  Everything is a mess right now, but it'll all rebound in a few months.  It could get worse before it gets better though.

So i should place a number on the lowest i think it might be and when it hits that number jump in 

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krazykid18 wrote: srossi wrote: krazykid18 wrote: Bitcoin master aka Srossi

do i come in and drop money on it or do i wait

I just bought more a few days ago and just lost my shirt.  I'm holding and being patient.  I have no doubt it will come back to at least $8,000 in due time, but I have no idea where the bottom is.  Same with the stock market.  Everything is a mess right now, but it'll all rebound in a few months.  It could get worse before it gets better though.

So i should place a number on the lowest i think it might be and when it hits that number jump in 

Absolutely.

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I kinda figured this was going to happen...That's kinda why I got some advice from srossi. I'm watching closely, gonna see if it takes another drop.

I think I am going to play around with Ethereum to.

Barring a total apocalyptic scenario it will eventually work its way back up.

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I got very lucky 2 weeks ago. My wife's ex works for Yellow Roadway,(YRCW) an OTR trucking company. Their stock has plummeted over the years. Well their stock dipped under $2 for a the first time, so I got in at $1.87. The next day it went to $2.12, and I sold at $2.09 picking up a quick 10%. Then the market tanked, and today it hit an all time low of $1.46. My wife's ex has seen his 401k with this company reduced to rubble. About 15 years ago he had somewhere between 250k to 500k in company stock...now that shit is literally worth $10 with reverse splits.

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Bitcoin is under $5,000 now. It’s a fucking bloodbath. I’m so kicking myself for buying a few days ago.

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srossi wrote: Bitcoin is under $5,000 now. It’s a fucking bloodbath. I’m so kicking myself for buying a few days ago. 
Patience. patience my dear fellow, it will get way worse before it gets better.

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carpetbeggar wrote: srossi wrote: Bitcoin is under $5,000 now. It’s a fucking bloodbath. I’m so kicking myself for buying a few days ago. 
Patience. patience my dear fellow, it will get way worse before it gets better.

At the end of the day all this is is an incredible buying opportunity for everyone who missed the run-up the first time.  Bitcoin has established its worth between $7,500-$9,000.  Anything substantially lower or higher than that is a temporary mirage.   

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I probably still won't get bitcoin, but what would you guys think would be the best moment to get in - when China is up and running again? Granted, it would still have the risk of a (global) resurgence of the virus, if only temporary.

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indikator wrote: I probably still won't get bitcoin, but what would you guys think would be the best moment to get in - when China is up and running again? Granted, it would still have the risk of a (global) resurgence of the virus, if only temporary.
Part of me just wants to throw $10,000 at it right now and check back at the end of the year when it should be back to normal. That should be a huge score. But part of me says that I should probably wait at least a month because it could be a very anxious roller coaster over that time. When I see how much changed in just 48 hours, it’s impossible to predict where we’ll be by the middle of next week much less long-term. You can say the same about stocks or any other investment. I’m just waiting. 

Last edited on Sat Mar 14th, 2020 02:17 pm by srossi

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Check out what Elon Musk is doing. Pretty cool:

https://teslaxcoin.info/

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carpetbeggar wrote: Check out what Elon Musk is doing. Pretty cool:

https://teslaxcoin.info/

Is this legit?  Scams like this are run every day. He’s asking you to send him before he sends back?  This sounds like...no. 

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srossi wrote: carpetbeggar wrote: Check out what Elon Musk is doing. Pretty cool:

https://teslaxcoin.info/

Is this legit?  Scams like this are run every day. He’s asking you to send him before he sends back?  This sounds like...no.

After a quick Google I found this:

https://www.usatoday.com/story/tech/2020/02/03/tesla-ceo-elon-musk-bitcoin-scammers-twitter-not-cool/4650272002/

Elon Musk is warning his Twitter followers to be aware of online crypto scams.
Scammers have taken over legit Twitter accounts and transformed them to look like Musk's and get Twitter users to turn over bitcoin or other digital cryptocurrency for what they think is a business opportunity.

"The crypto scam level on Twitter is reaching new levels," the CEO of Tesla and SpaceX tweeted Saturday. "This is not cool."

It's not a new phenomenon. A November 2018 report by The Independent found that scammers had taken in hundreds of thousands of dollars "posing as Musk" with some people sent more than $6,000 to scammers.

The Independent found that several verified Twitter accounts – publisher Pantheon Books among them – were hacked and made over to look like Musk's Twitter account. Then the hackers sent out a tweet to initiate the scam: "I'm giving 10 000 Bitcoin (BTC) to all community!" I left the post of director of Tesla, thank you all for your support," the Independent said the hacked Pantheon account posted.

Last edited on Wed Mar 18th, 2020 04:18 pm by srossi

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srossi wrote: srossi wrote: carpetbeggar wrote: Check out what Elon Musk is doing. Pretty cool:

https://teslaxcoin.info/

Is this legit?  Scams like this are run every day. He’s asking you to send him before he sends back?  This sounds like...no.

After a quick Google I found this:

https://www.usatoday.com/story/tech/2020/02/03/tesla-ceo-elon-musk-bitcoin-scammers-twitter-not-cool/4650272002/

Elon Musk is warning his Twitter followers to be aware of online crypto scams.
Scammers have taken over legit Twitter accounts and transformed them to look like Musk's and get Twitter users to turn over bitcoin or other digital cryptocurrency for what they think is a business opportunity.

"The crypto scam level on Twitter is reaching new levels," the CEO of Tesla and SpaceX tweeted Saturday. "This is not cool."

It's not a new phenomenon. A November 2018 report by The Independent found that scammers had taken in hundreds of thousands of dollars "posing as Musk" with some people sent more than $6,000 to scammers.

The Independent found that several verified Twitter accounts – publisher Pantheon Books among them – were hacked and made over to look like Musk's Twitter account. Then the hackers sent out a tweet to initiate the scam: "I'm giving 10 000 Bitcoin (BTC) to all community!" I left the post of director of Tesla, thank you all for your support," the Independent said the hacked Pantheon account posted.

 
Wow, thanks. Usually I will Google these things to see before posting or mentioning anything like that. I was kinda in a rush this morning and I saw it on Twitter originally. I could have sworn it was Elon's official Twitter handle that posted it. I clicked the link, but didn't really have time to glance at it.

Kinda related, but I've seen a really high rise of people posting "beware of" announcements on reddit this last week of different scams losers are trying to pull related to covid/19. It is nothing new though as these cockroaches love to prey on people's fears during panics like this. 

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srossi, do you still trade using Gemini? Do you have any comparison thoughts on other platforms?

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KGB wrote: srossi, do you still trade using Gemini? Do you have any comparison thoughts on other platforms?
Yes, I still use Gemini. I used Bittrex a bit at the beginning for other altcoins, but once I started only trading Bitcoin and Ethereum, I haven’t used anyone else. 

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Today I bought more Bitcoin at about $6,200 and more Ethereum at about $120. I have another few thousand that I transferred into my account in reserve based on what happens over the next couple of weeks. I guess we'll see if I bought too soon or not.

Last edited on Sat Mar 28th, 2020 09:49 pm by srossi

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Sold my Ethereum just now at 175. That was a hell of a week. Holding my Bitcoin for now, but it’s about to hit 7,500, which was its usual low point before all this happened. 

Last edited on Tue Apr 7th, 2020 12:32 am by srossi

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srossi wrote: Sold my Ethereum just now at 175. That was a hell of a week. Holding my Bitcoin for now, but it’s about to hit 7,500, which was its usual low point before all this happened.

I keep half stepping, my friend made 15k the first two weeks on bitcoin after it went down to 4k, by day trading and using the up and down activity of bitcoin.
I wanted to throw money into it, but with the way the government is handling corona besides your health you might need cash because jobs won't be promised tomorrow if the government continues this wait and see medical miracle approach.

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krazykid18 wrote: srossi wrote: Sold my Ethereum just now at 175. That was a hell of a week. Holding my Bitcoin for now, but it’s about to hit 7,500, which was its usual low point before all this happened.

I keep half stepping, my friend made 15k the first two weeks on bitcoin after it went down to 4k, by day trading and using the up and down activity of bitcoin.
I wanted to throw money into it, but with the way the government is handling corona besides your health you might need cash because jobs won't be promised tomorrow if the government continues this wait and see medical miracle approach.

Fuck what the government is doing. If you had gone all in on any of the entry points I posted about here, you’d be well into a 6 figure profit by now. 

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srossi wrote: krazykid18 wrote: srossi wrote: Sold my Ethereum just now at 175. That was a hell of a week. Holding my Bitcoin for now, but it’s about to hit 7,500, which was its usual low point before all this happened.

I keep half stepping, my friend made 15k the first two weeks on bitcoin after it went down to 4k, by day trading and using the up and down activity of bitcoin.
I wanted to throw money into it, but with the way the government is handling corona besides your health you might need cash because jobs won't be promised tomorrow if the government continues this wait and see medical miracle approach.

Fuck what the government is doing. If you had gone all in on any of the entry points I posted about here, you’d be well into a 6 figure profit by now. 

You are absolutely right

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srossi do you think it will drop again, with US predicting this is the worst two weeks

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krazykid18 wrote: srossi do you think it will drop again, with US predicting this is the worst two weeks
That's what I'm hoping for so I can buy again.

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Hey Rossi, would you recommend someone get in with only like 5-10k to invest? Or is that amount not worth looking at

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Hey Rossi, would you recommend someone get in with only like 5-10k to invest? Or is that amount not worth looking at

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wittman2 wrote: Hey Rossi, would you recommend someone get in with only like 5-10k to invest? Or is that amount not worth looking at
I would venture to say that’s a lot more than most start out with. You’re over-estimating most people’s savings. I think the important thing is to get your feet wet and get comfortable with it before investing too much anyway. 

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So what would you recommend as a good starting point? a few hundred?

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srossi wrote: wittman2 wrote: Hey Rossi, would you recommend someone get in with only like 5-10k to invest? Or is that amount not worth looking at
I would venture to say that’s a lot more than most start out with. You’re over-estimating most people’s savings. I think the important thing is to get your feet wet and get comfortable with it before investing too much anyway. 

I'm still kicking myself for not getting in last month but so much of it boiled down to not feeling comfortable with any of the trading platforms.  There are so many conflicting reviews on all of them. 

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wittman2 wrote: So what would you recommend as a good starting point? a few hundred?
Whatever you're comfortable with.  You can increase the amount as you go.

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KGB wrote: srossi wrote: wittman2 wrote: Hey Rossi, would you recommend someone get in with only like 5-10k to invest? Or is that amount not worth looking at
I would venture to say that’s a lot more than most start out with. You’re over-estimating most people’s savings. I think the important thing is to get your feet wet and get comfortable with it before investing too much anyway. 

I'm still kicking myself for not getting in last month but so much of it boiled down to not feeling comfortable with any of the trading platforms.  There are so many conflicting reviews on all of them.

I've never had an issue with any of the major trading platforms.  Gemini is great and is owned by the Winklevoss Twins and is highly regulated, moreso than I want it to be.

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Gemini and Coinbase is what i use...coinbase has more coins

Last edited on Thu Apr 9th, 2020 03:44 pm by krazykid18

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hey srossi ,do you ever day trade with crypto and what are the fees or capital gains they hit you with?

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krazykid18 wrote: hey srossi ,do you ever day trade with crypto and what are the fees or capital gains they hit you with?
I’ve never day traded anything and I’ve never known anyone who’s made money doing it. The fees aren’t any different as far as I know, but you’ll surely come out ahead by just holding. 

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Anyone got any ideas about taking advantage of the dip in the oil market?

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Oil looks pretty scary especially with the worldwide glut and a worldwide partial shutdown.

I’m not an investing master but I don’t see how oil makes a rebound anytime soon unless it is artificially propped up because in reality Saudi Arabia, Russia, Iran, Venezuela, etc etc could just flood the market.

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Franchise wrote: Oil looks pretty scary especially with the worldwide glut and a worldwide partial shutdown.

I’m not an investing master but I don’t see how oil makes a rebound anytime soon unless it is artificially propped up because in reality Saudi Arabia, Russia, Iran, Venezuela, etc etc could just flood the market.

I wouldn't be in any rush.  I'd just like to plunk down some money and then come back to it in the future.  I'm just not sure if buying stock in one of the big producing companies is the best route or if there are other opportunities. 

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KGB wrote: Franchise wrote: Oil looks pretty scary especially with the worldwide glut and a worldwide partial shutdown.

I’m not an investing master but I don’t see how oil makes a rebound anytime soon unless it is artificially propped up because in reality Saudi Arabia, Russia, Iran, Venezuela, etc etc could just flood the market.

I wouldn't be in any rush.  I'd just like to plunk down some money and then come back to it in the future.  I'm just not sure if buying stock in one of the big producing companies is the best route or if there are other opportunities. 

dump money on bitcoin and other cyber coins and hold
With the level it is at now, it will make a quick nice buck.. if i would have gotten in and threw good money when it was 4k and the other currencies were low, i would be happy but i got in two weeks ago with little money and have made decent gains

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KGB wrote: Anyone got any ideas about taking advantage of the dip in the oil market?I’ve put a few grand into some oil stocks and have made money on them the last week or so..it can really only go up.

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Married Jo wrote: KGB wrote: Anyone got any ideas about taking advantage of the dip in the oil market?I’ve put a few grand into some oil stocks and have made money on them the last week or so..it can really only go up.
What oil stocks?
and is it to late to get in

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krazykid18 wrote: Married Jo wrote: KGB wrote: Anyone got any ideas about taking advantage of the dip in the oil market?I’ve put a few grand into some oil stocks and have made money on them the last week or so..it can really only go up.
What oil stocks?
and is it to late to get in

Well, I bought a bunch of Marthon Oil at the beginning of April at around $3.30 a share and it closed today at $4.85 a share. It's 52 week high is $17..this eventually will make me some decent money. I also bought a lot of Callon Petroleum at .46 cent a share, it's 52 week high is almost $9 and they've been around since 1950, they're not in a great financial situation right now but I think they'll be ok..on Friday it was trading at .70 cent a share, a lot of day traders with big bank accounts made a lot of money off them on Friday. I don't expect them to get back to $9 for a long time but I could see myself hitting it real lucky on this one down the road with not a lot invested into it..and even if I lose what I put in, eh, it's gambling, it's not going to kill me..

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coins are going up,

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I sold for a quick profit way too soon and now I’m on the sidelines for this run. So pissed.

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srossi wrote: I sold for a quick profit way too soon and now I’m on the sidelines for this run. So pissed.
i put ten stacks in last week up 6k but coinbase fees are annoying me a little bit

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My Callon Petroleum opened over $1.00 today..I'm tempted to put a sell in when it hits $1.10..take my profits and then sit and maybe get back in on a dip..

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Well we’re rich again. Complete and total anarchy is great for business.  Sell now or will the world fall apart even more tomorrow?

Last edited on Tue Jun 2nd, 2020 01:33 am by srossi

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Bitcoin has been fairly stagnant but ETH has been netting me a bunch of small pops lately. The problem with that is that fees start to really add up. I just made a quick score that should've been for $200 but after $50 buying and $50 selling fees, I would up with $100 so the broker wound up as well off as me.  Of course it adds up if you can keep hitting for $100-$300 a week.

Last edited on Wed Jul 8th, 2020 02:02 pm by srossi

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So this is your buy alert, especially for ETH. the next time it surges it will likely hit 500. Right now down to 350. Big buying opportunity. Bitcoin has been a bit more stable but it’s not the worst time to buy there either.

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Every time this comes up I dig into the various trading platforms and come away unsure which one to use.  They all seem to get so many negative reviews.  I know the complainers are the loudest voices, but it makes it confusing.   Coinbase seems to be a good choice, but the fees seem a bit out of line.  

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KGB wrote: Every time this comes up I dig into the various trading platforms and come away unsure which one to use.  They all seem to get so many negative reviews.  I know the complainers are the loudest voices, but it makes it confusing.   Coinbase seems to be a good choice, but the fees seem a bit out of line.  

Coinbase Pro, and got a ledger wallet, and i would say Kucoin because it has alot more alt coins but i don't like the feel and security of that site

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krazykid18 wrote: KGB wrote: Every time this comes up I dig into the various trading platforms and come away unsure which one to use.  They all seem to get so many negative reviews.  I know the complainers are the loudest voices, but it makes it confusing.   Coinbase seems to be a good choice, but the fees seem a bit out of line.  

Coinbase Pro, and got a ledger wallet, and i would say Kucoin because it has alot more alt coins but i don't like the feel and security of that site

I'm not fucking with anything except BTC and ETH the past 2 years.  The altcoins are either going to follow BTC and ETH anyway and give you the same return, or they will eventually expose themselves to be complete shit that wipes you out.  There's no reason to play with them IMO. 

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Paypal has announced that they're integrating crypto into their platform today and you could literally hear the screams of "IT'S HAPPENING!!!" across the Internet. Bitcoin and Ethereum are up 7% and we're off to the races again.

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you might have been right on Ripple Srossi shit is a flop

but i did make some good money on LINK and then forget to pull out when it hit 19 earlier this yr.

Last edited on Fri Oct 23rd, 2020 02:48 pm by krazykid18

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Bitcoin broke $15,000. It's all-time high is $20,000 a couple of years ago.

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Ethereum broke $500 over night. I've been waiting for that for a LONG time. Bitcoin is at $18,600, once again approaching it's all-time high of $20,000. Last time Bitcoin was this high, Ethereum was at about $800, so there still might be room for growth there. The tricky question is always when to sell. Last time Bitcoin hit $20,000, it sunk like a rock and quickly. I had gotten in at $2,5000 so I still made a fortune, but this time my margins are tighter. Not sure if we're off to new highs or if that will be the ceiling again.

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I sold everything yesterday at $18,500 and $600 for a massive profit. I’ll probably regret that but things got too rich for my blood and I wanted to cash out. Now I’m rooting for things to come back down to earth so I can buy again.

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Bitcoin hit an all-time high today, over $21,000 before coming back down to around $20,000. I’m still on the sidelines looking for a new entry point after selling last month.

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Bitcoin shot past 25,000 on Christmas and is about to hit 26,000. I sold way too fucking soon and left thousands on the table. There’s been no real dips or buying opportunities and it’s always scary to chase. 30,000 seems to be in sight though.

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srossi wrote: Bitcoin shot past 25,000 on Christmas and is about to hit 26,000. I sold way too fucking soon and left thousands on the table. There’s been no real dips or buying opportunities and it’s always scary to chase. 30,000 seems to be in sight though.
If you made money, and it sounds like you’ve done well, there is no need to beat yourself up.   Enjoy putting that money into the property you are thinking about buying and don’t look back.   

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gwlee7 wrote: srossi wrote: Bitcoin shot past 25,000 on Christmas and is about to hit 26,000. I sold way too fucking soon and left thousands on the table. There’s been no real dips or buying opportunities and it’s always scary to chase. 30,000 seems to be in sight though.
If you made money, and it sounds like you’ve done well, there is no need to beat yourself up.   Enjoy putting that money into the property you are thinking about buying and don’t look back.  

Very funny story.  I never mentioned crypto to my mortgage guy, and would never expect a mortgage guy to ever mention it to a client.  When we were finalizing the refinancing and he was discussing wiring a huge check to me to reinvest into the investment property, out of nowhere he said, "And if you don't find an investment property that's a good fit, just put it in Bitcoin for the time being."  I had to laugh at how mainstream this has become.  Maybe too mainstream.  I'd be pretty nervous putting all of that into Bitcoin when it's at an all-time high right now. 

But yeah, I've done well.  There's never a scenario where I'm not kicking myself for not doing better.  With all the trades I've done, and I've never lost a dime on any involving Bitcoin or Ethereum yet, I still would've done exponentially better if I had just kept investing more without ever selling.  I got in at $2,500 with Bitcoin alone, so just do the match on that and imagine no transaction fees yet and just dumping more in every few months and on every dip.  There was about a year there where I was buying-selling, buying-selling for a $500 pop here, a $300 pop there.  A lot of energy probably wasted on small potatoes.  I easily would've been in the 7 figures instead of the 6 figures right now, so I outsmarted myself a bit with too many trades, even though many did well.  Still, there's always a point where you better sell, and the trick is no one ever knows when that is.
 

Last edited on Sat Dec 26th, 2020 09:21 pm by srossi

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Well now I’m really terrified because John Morrison just said on Raw that his New Year’s resolution is to invest in Ethereum. Not even Bitcoin. Now it’s gone too mainstream for sure.

Ethereum up to $1100 as I write this, $300 shy of its all-time high.

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Bitcoin approaching $40k!

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brodiescomics wrote: Bitcoin approaching $40k!
Already surpassed. Double it’s previous all time high. 

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Man i should have thrown more in crypto i threw 5k in bitcoin at 6 and it is at 32k

and ethr is at 20k now like this is crazy...

I feel like i should pull...

FUCK SEC for killing my ripple dreams ...

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krazykid18 wrote: Man i should have thrown more in crypto i threw 5k in bitcoin at 6 and it is at 32k

and ethr is at 20k now like this is crazy...

I feel like i should pull...

FUCK SEC for killing my ripple dreams ...

You didn't listen.  I told you to fuck off with Ripple ages ago.  You should've just kept piling on with BTC and ETH.  Now it's definitely getting out of control though, at least with BTC.  That can't last.  It's double it's all-time high.  I'm not in it right now.  I bought back into ETH a few days ago and am riding that up since it hasn't hit it's all-time high yet.  My hope is BTC stalls but ETH catches up and gets to $2,000, which would be close to double it's all-time high too.  ETH usually trails BTC by a little bit.  If it hits $2,000, I'm selling.  Then on the next major dip, I think I'm going long-term.  If we ever see prices come way down again to like $15,000 and $500, I'm just going to put everything into it and keep buying because even if it takes 2-3 years, it will come back to these levels again.  I'm kicking myself I ever sold before.

Last edited on Thu Jan 7th, 2021 08:04 pm by srossi

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Ethereum is about to match its all-time high. I’m watching the price like it’s the countdown clock on New Year’s waiting for it to hit.

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The correction has begun. I have no doubt in my mind that BTC is going to hit $50,000, whether the next surge happens later this year or it takes 3 years. Buy the dip!

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And you get upset when you can’t remember where you left your car keys.

https://abc7news.com/9635218/?ex_cid=TA_KGO_FB&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR3yiOl88eF1tNBkDXjhpAE9jLy9OA_NeRAkWT5zfrgyuEL77sG4cuM56u0

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My best friends brother bought 3 Bitcoin years ago for like $200 and can’t get into his digital wallet now...

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Ethereum has broken 1400 and it’s all-time high.

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Bitcoin has plummeted to under 30,000 and Ethereum is struggling to stay above 1,000 after a massive sell-off led in part because of that fossil Janet Yellin, Biden’s Treasury Secretary pick, saying ridiculous things about cracking down on crypto because only criminals use it. I already fucking hate this administration.

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Not related to Bitcoin, but wasn't sure where to put this.

Anyone know what's happened with the market today? Reading something about some crazy Gamestop and AMC manipulation, trading went insane, and they stopped all trading this morning.

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Apparently Fidelity crashed. Ameritrade went down temporarily too.

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Blazer wrote: Not related to Bitcoin, but wasn't sure where to put this.

Anyone know what's happened with the market today? Reading something about some crazy Gamestop and AMC manipulation, trading went insane, and they stopped all trading this morning.
I think it's reddit users getting pissed off at Wall Street trying to kill off Gamestop by shorting its shares, so they are basically buying loads of Gamestop shares to put the price up and stop the shorting working.

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Blazer wrote: Not related to Bitcoin, but wasn't sure where to put this.

Anyone know what's happened with the market today? Reading something about some crazy Gamestop and AMC manipulation, trading went insane, and they stopped all trading this morning.


https://ftw.usatoday.com/2021/01/gamestop-stock-gme-short-selling-explained

https://thedeepdive.ca/gamestop-the-gme-short-squeeze-explained/

https://www.vox.com/the-goods/22249458/gamestop-stock-wallstreetbets-reddit-citron

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So I bought back into Bitcoin at right about $30,000 this morning. I’ve been in Ethereum at $1,250 for a little while. My targets are $45,000 and $2,000 respectfully.

Last edited on Thu Jan 28th, 2021 01:16 am by srossi

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When this short squeeze on Gamestop breaks, and it will, the sell off will so be fast that most of the people who are driving the price up thinking they are being cute and smart by sticking it to the man, will be jumping off bridges.  If they think that Robinhood will be able execute “free” trades on the secondary market fast enough for them to get out before all their gains get wiped out they are mistaken.   They need to be dumping it now.  

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Yep

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gwlee7 wrote: When this short squeeze on Gamestop breaks, and it will, the sell off will so be fast that most of the people who are driving the price up thinking they are being cute and smart by sticking it to the man, will be jumping off bridges.  If they think that Robinhood will be able execute “free” trades on the secondary market fast enough for them to get out before all their gains get wiped out they are mistaken.   They need to be dumping it now.  
Seeing that it just hit 440 if I was in I'd stay and see if it could actually hit $500. Though before this started people were saying they wanted to hit $1000 which believe it or not might actually happen. 

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I have a schadenboner that's lasting more than 4 hours. Should I seek help?

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I bought AMC when it was 2.36 back in November, since it's a local company and was hoping to see them push to $5/share. Dumped it yesterday at $19.50. Obviously wish I'd put 100k into it.... Premarket today is down @38%. 

Last edited on Thu Jan 28th, 2021 01:28 pm by Principal_Raditch

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Principal_Raditch wrote: I bought AMC when it was 2.36 back in November, since it's a local company and was hoping to see them push to $5/share. Dumped it yesterday at $19.50. Obviously wish I'd put 100k into it....
That would've been incredibly risky since it should've gone to zero.  This manipulation is ridiculous and shows what a joke the stock market is.  Stock price means less than nothing when it comes to the health of a company.

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srossi wrote: Principal_Raditch wrote: I bought AMC when it was 2.36 back in November, since it's a local company and was hoping to see them push to $5/share. Dumped it yesterday at $19.50. Obviously wish I'd put 100k into it....
That would've been incredibly risky since it should've gone to zero.  This manipulation is ridiculous and shows what a joke the stock market is.  Stock price means less than nothing when it comes to the health of a company.

I only bought 1000 shares...so my outlay wasn't too much. I figured they'd get some kind of financing, just not the almost Billion that they ended up getting. 

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I wonder if all the people jumping in on the GameStop stock gambit realize that it’s preposterously overvalued because it’s a meme and it’s a bunch of day traders trying to screw with hedge fund weasels for the sake of making a point that gets murkier by the day.

At a certain point the stock price is going to top out and then start falling. That fall could be fast and steep. So depending when you got in and for how much, if you don’t get out at the right time, you could be more ruined on a proportional basis than the hedge funds you tried to ruin.

As a play on the old saying goes, if you owe the bank $50,000, you have a problem, but if you owe the bank $50,000,000 then the bank has a problem. One hedge fund just got financing in excess of $1,500,000,000 to cover its potential losses. They’ll be fine. Some guy who dumped in his entire 401k is in a different spot if it goes south.

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Although our end goals are certainly diametrically opposed, this is one subject on which the far left and the dissident right have a lot of common ground.  Wall Street is just another member of the DC/Media/Tech uniparty.  Today, they changed the rules on the fly so that the little guy gets shut out while the oligarchs ensure their continued chokehold on the nation's (fiat) wealth.  What next, 30,000 troops, ideologically vetted for their loyalty to their masters, stationed on Wall Street so that the commoners don't get any ideas?  

Even Ted Cruz and AOC are bedfellows today.  

https://twitter.com/tedcruz/status/1354833603943931905 

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KGB wrote: Although our end goals are certainly diametrically opposed, this is one subject on which the far left and the dissident right have a lot of common ground.  Wall Street is just another member of the DC/Media/Tech uniparty.  Today, they changed the rules on the fly so that the little guy gets shut out while the oligarchs ensure their continued chokehold on the nation's (fiat) wealth.  What next, 30,000 troops, ideologically vetted for their loyalty to their masters, stationed on Wall Street so that the commoners don't get any ideas?  

Even Ted Cruz and AOC are bedfellows today.  

https://twitter.com/tedcruz/status/1354833603943931905 

This is what I think is the really strange and big part of it. Almost everyone except for the hedge fund guys are coming down hard on Robinhood for this absurd limiting of buying stock from Gamestop and about 10 other companies. 

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So the joke coin Doge is up 700%. That’s not a typo. It’s almost at 7 cents and basically has rarely been a full penny at any point in its existence.  The same people responsible for GameStop are behind this.  I think I have some lying around from when I first started fooling around with altcoins. I need to find them in my wallet. If anyone put even a couple of hundred bucks in this, wow.

Last edited on Fri Jan 29th, 2021 02:50 am by srossi

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Well it turns out I have a whopping 29 Doge (that's about $2) right now, but in looking through old accounts I discovered almost $5,000 worth of Ethereum that has been left untouched for 2 years. The best way to HODL is to forget you have it. This was a profitable night.

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Thank you Elon!

https://www.marketwatch.com/story/bitcoin-surges-as-elon-musk-changes-his-twitter-bio-to-bitcoin-11611920026

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Srossi.....what do you think of Gemini Earn with the APY they are attaching with it

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krazykid18 wrote: Srossi.....what do you think of Gemini Earn with the APY they are attaching with it
I just did it yesterday.  I kept reading and couldn't find the catch, but I knew there had to be one because in return for earning interest you're loaning your coins to someone. After I signed up, they finally tell you the catch is that you need to wait 5 business days to get your coins back.  So that makes quick trades impossible, but if you're just planning on holding then it's fine.  I'm OK with that for now since I just bought back in and I'm not planning on selling for a bit, but it makes me nervous to have my coins locked up for a week if it starts plummeting.  I start earning interest today though so we'll see how it goes.  No fees though to convert back and forth between an earning and a trading account, so that's good.   But the more I think about it, the more I think 3% isn't worth it for Bitcoin or ETH considering the massive losses you can sustain while waiting to get your coins back.  However, Litecoin at 5% might be worth dumping $5,000 into and not looking at it again for 2 years.  I might do that.

I'm also on the waiting list to get my crypto credit card.

Last edited on Tue Feb 2nd, 2021 02:53 pm by srossi

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srossi wrote: So the joke coin Doge is up 700%. That’s not a typo. It’s almost at 7 cents and basically has rarely been a full penny at any point in its existence.  The same people responsible for GameStop are behind this.  I think I have some lying around from when I first started fooling around with altcoins. I need to find them in my wallet. If anyone put even a couple of hundred bucks in this, wow.I made a couple hundred bucks off Doge...sold it at 5 cent, was in at 2...I sold for a quick profit then it dropped back to the 3 cent range, if it gets back to .01 I'm gonna throw $100 at it and just not look at it for a while..

krazykid18
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srossi wrote: krazykid18 wrote: Srossi.....what do you think of Gemini Earn with the APY they are attaching with it
I just did it yesterday.  I kept reading and couldn't find the catch, but I knew there had to be one because in return for earning interest you're loaning your coins to someone. After I signed up, they finally tell you the catch is that you need to wait 5 business days to get your coins back.  So that makes quick trades impossible, but if you're just planning on holding then it's fine.  I'm OK with that for now since I just bought back in and I'm not planning on selling for a bit, but it makes me nervous to have my coins locked up for a week if it starts plummeting.  I start earning interest today though so we'll see how it goes.  No fees though to convert back and forth between an earning and a trading account, so that's good.   But the more I think about it, the more I think 3% isn't worth it for Bitcoin or ETH considering the massive losses you can sustain while waiting to get your coins back.  However, Litecoin at 5% might be worth dumping $5,000 into and not looking at it again for 2 years.  I might do that.

I'm also on the waiting list to get my crypto credit card.

thanks for that info

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Along those lines, check out Voyager app. They pay good interest with quick and free trades. They also have a coin VGX which I've done quite well with...bought at .15 and now at ~2.50. They are also publicly traded under VYGVF.

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Everything was down yesterday and people were lamenting the onset of the bear market. I wake up this morning and Bitcoin is almost at 44,000 and Ethereum is closing in on 1,800. When are people going to learn to buy the dips?

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So Elon Musk invested $1.5 billion into Bitcoin. We’re hitting the mainstream.

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krazykid18 wrote: srossi wrote: krazykid18 wrote: Srossi.....what do you think of Gemini Earn with the APY they are attaching with it
I just did it yesterday.  I kept reading and couldn't find the catch, but I knew there had to be one because in return for earning interest you're loaning your coins to someone. After I signed up, they finally tell you the catch is that you need to wait 5 business days to get your coins back.  So that makes quick trades impossible, but if you're just planning on holding then it's fine.  I'm OK with that for now since I just bought back in and I'm not planning on selling for a bit, but it makes me nervous to have my coins locked up for a week if it starts plummeting.  I start earning interest today though so we'll see how it goes.  No fees though to convert back and forth between an earning and a trading account, so that's good.   But the more I think about it, the more I think 3% isn't worth it for Bitcoin or ETH considering the massive losses you can sustain while waiting to get your coins back.  However, Litecoin at 5% might be worth dumping $5,000 into and not looking at it again for 2 years.  I might do that.

I'm also on the waiting list to get my crypto credit card.

thanks for that info

So I did something stupid/smart.  I put $5,000 in Filecoin without knowing much about it (other than it's a decentralized data sharing platform) because it gives 8% interest.  Figured I'd hold for 2 years and not even look at it and just collect the interest and see if I have any capital gains after that period.  If it crashes it's a small part of my portfolio anyway and I still have the interest.  Well I bought in a week ago at 23 and now it's 38.  But it's in the interest-bearing account so I can't trade it.  Not sure if I should let it ride or transfer back to my trading account so I can sell.  Think I'm going to do the latter.  I want immediate control over my coins, the interest isn't worth not being able to trade whenever you want.  I already switched Bitcoin and Ethereum out of the interest accounts.  Generating interest is a great idea if you're really going to HODL for 5 years, but I don't have the stomach for that game.  I want to sell surges and buy dips.  I leave money on the table sometimes but I've never sold for a loss yet, so I'm way ahead. 

Last edited on Tue Feb 9th, 2021 03:36 pm by srossi

krazykid18
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srossi wrote: krazykid18 wrote: srossi wrote: krazykid18 wrote: Srossi.....what do you think of Gemini Earn with the APY they are attaching with it
I just did it yesterday.  I kept reading and couldn't find the catch, but I knew there had to be one because in return for earning interest you're loaning your coins to someone. After I signed up, they finally tell you the catch is that you need to wait 5 business days to get your coins back.  So that makes quick trades impossible, but if you're just planning on holding then it's fine.  I'm OK with that for now since I just bought back in and I'm not planning on selling for a bit, but it makes me nervous to have my coins locked up for a week if it starts plummeting.  I start earning interest today though so we'll see how it goes.  No fees though to convert back and forth between an earning and a trading account, so that's good.   But the more I think about it, the more I think 3% isn't worth it for Bitcoin or ETH considering the massive losses you can sustain while waiting to get your coins back.  However, Litecoin at 5% might be worth dumping $5,000 into and not looking at it again for 2 years.  I might do that.

I'm also on the waiting list to get my crypto credit card.

thanks for that info

So I did something stupid/smart.  I put $5,000 in Filecoin without knowing much about it (other than it's a decentralized data sharing platform) because it gives 8% interest.  Figured I'd hold for 2 years and not even look at it and just collect the interest and see if I have any capital gains after that period.  If it crashes it's a small part of my portfolio anyway and I still have the interest.  Well I bought in a week ago at 23 and now it's 38.  But it's in the interest-bearing account so I can't trade it.  Not sure if I should let it ride or transfer back to my trading account so I can sell.  Think I'm going to do the latter.  I want immediate control over my coins, the interest isn't worth not being able to trade whenever you want.  I already switched Bitcoin and Ethereum out of the interest accounts.  Generating interest is a great idea if you're really going to HODL for 5 years, but I don't have the stomach for that game.  I want to sell surges and buy dips.  I leave money on the table sometimes but I've never sold for a loss yet, so I'm way ahead. 

Ok but can u flip it  like i made good money on chainlink and it seems like i can take some coins and put it in to the APR account....
so can i buy 5k filecoin normally then flip 3k into the APR account and keep the 2k for trading 

srossi
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krazykid18 wrote: srossi wrote: krazykid18 wrote: srossi wrote: krazykid18 wrote: Srossi.....what do you think of Gemini Earn with the APY they are attaching with it
I just did it yesterday.  I kept reading and couldn't find the catch, but I knew there had to be one because in return for earning interest you're loaning your coins to someone. After I signed up, they finally tell you the catch is that you need to wait 5 business days to get your coins back.  So that makes quick trades impossible, but if you're just planning on holding then it's fine.  I'm OK with that for now since I just bought back in and I'm not planning on selling for a bit, but it makes me nervous to have my coins locked up for a week if it starts plummeting.  I start earning interest today though so we'll see how it goes.  No fees though to convert back and forth between an earning and a trading account, so that's good.   But the more I think about it, the more I think 3% isn't worth it for Bitcoin or ETH considering the massive losses you can sustain while waiting to get your coins back.  However, Litecoin at 5% might be worth dumping $5,000 into and not looking at it again for 2 years.  I might do that.

I'm also on the waiting list to get my crypto credit card.

thanks for that info

So I did something stupid/smart.  I put $5,000 in Filecoin without knowing much about it (other than it's a decentralized data sharing platform) because it gives 8% interest.  Figured I'd hold for 2 years and not even look at it and just collect the interest and see if I have any capital gains after that period.  If it crashes it's a small part of my portfolio anyway and I still have the interest.  Well I bought in a week ago at 23 and now it's 38.  But it's in the interest-bearing account so I can't trade it.  Not sure if I should let it ride or transfer back to my trading account so I can sell.  Think I'm going to do the latter.  I want immediate control over my coins, the interest isn't worth not being able to trade whenever you want.  I already switched Bitcoin and Ethereum out of the interest accounts.  Generating interest is a great idea if you're really going to HODL for 5 years, but I don't have the stomach for that game.  I want to sell surges and buy dips.  I leave money on the table sometimes but I've never sold for a loss yet, so I'm way ahead. 

Ok but can u flip it  like i made good money on chainlink and it seems like i can take some coins and put it in to the APR account....
so can i buy 5k filecoin normally then flip 3k into the APR account and keep the 2k for trading 

You can transfer from coin to coin in the Earn account?  I don’t see anyway to do it. How are you doing it?

krazykid18
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srossi wrote: krazykid18 wrote: srossi wrote: krazykid18 wrote: srossi wrote: krazykid18 wrote: Srossi.....what do you think of Gemini Earn with the APY they are attaching with it
I just did it yesterday.  I kept reading and couldn't find the catch, but I knew there had to be one because in return for earning interest you're loaning your coins to someone. After I signed up, they finally tell you the catch is that you need to wait 5 business days to get your coins back.  So that makes quick trades impossible, but if you're just planning on holding then it's fine.  I'm OK with that for now since I just bought back in and I'm not planning on selling for a bit, but it makes me nervous to have my coins locked up for a week if it starts plummeting.  I start earning interest today though so we'll see how it goes.  No fees though to convert back and forth between an earning and a trading account, so that's good.   But the more I think about it, the more I think 3% isn't worth it for Bitcoin or ETH considering the massive losses you can sustain while waiting to get your coins back.  However, Litecoin at 5% might be worth dumping $5,000 into and not looking at it again for 2 years.  I might do that.

I'm also on the waiting list to get my crypto credit card.

thanks for that info

So I did something stupid/smart.  I put $5,000 in Filecoin without knowing much about it (other than it's a decentralized data sharing platform) because it gives 8% interest.  Figured I'd hold for 2 years and not even look at it and just collect the interest and see if I have any capital gains after that period.  If it crashes it's a small part of my portfolio anyway and I still have the interest.  Well I bought in a week ago at 23 and now it's 38.  But it's in the interest-bearing account so I can't trade it.  Not sure if I should let it ride or transfer back to my trading account so I can sell.  Think I'm going to do the latter.  I want immediate control over my coins, the interest isn't worth not being able to trade whenever you want.  I already switched Bitcoin and Ethereum out of the interest accounts.  Generating interest is a great idea if you're really going to HODL for 5 years, but I don't have the stomach for that game.  I want to sell surges and buy dips.  I leave money on the table sometimes but I've never sold for a loss yet, so I'm way ahead. 

Ok but can u flip it  like i made good money on chainlink and it seems like i can take some coins and put it in to the APR account....
so can i buy 5k filecoin normally then flip 3k into the APR account and keep the 2k for trading 

You can transfer from coin to coin in the Earn account?  I don’t see anyway to do it. How are you doing it?

Oh i didn't do it yet more like asking a question....
but on the gemini app  like for an example: I own 200 Chainlink Coins, when i click on Chainlink on the Earn table i see Link 4.46 apy  the when i click on it , i can give a certain number of coins but i don't have to move all the coins over to Earn...
i never got past that point :)

Last edited on Thu Feb 11th, 2021 03:01 pm by krazykid18

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krazykid18 wrote: srossi wrote: krazykid18 wrote: srossi wrote: krazykid18 wrote: srossi wrote: krazykid18 wrote: Srossi.....what do you think of Gemini Earn with the APY they are attaching with it
I just did it yesterday.  I kept reading and couldn't find the catch, but I knew there had to be one because in return for earning interest you're loaning your coins to someone. After I signed up, they finally tell you the catch is that you need to wait 5 business days to get your coins back.  So that makes quick trades impossible, but if you're just planning on holding then it's fine.  I'm OK with that for now since I just bought back in and I'm not planning on selling for a bit, but it makes me nervous to have my coins locked up for a week if it starts plummeting.  I start earning interest today though so we'll see how it goes.  No fees though to convert back and forth between an earning and a trading account, so that's good.   But the more I think about it, the more I think 3% isn't worth it for Bitcoin or ETH considering the massive losses you can sustain while waiting to get your coins back.  However, Litecoin at 5% might be worth dumping $5,000 into and not looking at it again for 2 years.  I might do that.

I'm also on the waiting list to get my crypto credit card.

thanks for that info

So I did something stupid/smart.  I put $5,000 in Filecoin without knowing much about it (other than it's a decentralized data sharing platform) because it gives 8% interest.  Figured I'd hold for 2 years and not even look at it and just collect the interest and see if I have any capital gains after that period.  If it crashes it's a small part of my portfolio anyway and I still have the interest.  Well I bought in a week ago at 23 and now it's 38.  But it's in the interest-bearing account so I can't trade it.  Not sure if I should let it ride or transfer back to my trading account so I can sell.  Think I'm going to do the latter.  I want immediate control over my coins, the interest isn't worth not being able to trade whenever you want.  I already switched Bitcoin and Ethereum out of the interest accounts.  Generating interest is a great idea if you're really going to HODL for 5 years, but I don't have the stomach for that game.  I want to sell surges and buy dips.  I leave money on the table sometimes but I've never sold for a loss yet, so I'm way ahead. 

Ok but can u flip it  like i made good money on chainlink and it seems like i can take some coins and put it in to the APR account....
so can i buy 5k filecoin normally then flip 3k into the APR account and keep the 2k for trading 

You can transfer from coin to coin in the Earn account?  I don’t see anyway to do it. How are you doing it?

Oh i didn't do it yet more like asking a question....
but on the gemini app  like for an example: I own 200 Chainlink Coins, when i click on Chainlink on the Earn table i see Link 4.46 apy  the when i click on it , i can give a certain number of coins but i don't have to move all the coins over to Earn...
i never got past that point :)

I don't think you can do that but if you find a way to then let me know.  Once your coins are in Earn though, my understanding is that you've loaned them out and they're frozen to you until you ask to move back to your Trading account, and then that takes 5 days.

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$50K a coin now.

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Bitcoin is up to $57,000, Ethereum finally broke through $2,000 and should have a lot more room to grow.

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Nevermind that, update the Dead Pool (this counts as your reminder) :)

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The dip finally began last night. I sold BTC and ETH and will wait for a new entry point to buy again. BTC was around $56,500 before settling back at $53,000, and ETH touched $2,000 briefly but never held it and is now back at $1,700. If BTC can get below $50,000 and ETH below $1,500 those are excellent buying opportunities again.

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srossi wrote: The dip finally began last night. I sold BTC and ETH and will wait for a new entry point to buy again. BTC was around $56,500 before settling back at $53,000, and ETH touched $2,000 briefly but never held it and is now back at $1,700. If BTC can get below $50,000 and ETH below $1,500 those are excellent buying opportunities again.
BTC under $50,000 already, ETH closing in on $1,500.  It's a bloodbath out there.  Buying season is almost upon us.

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Bitcoin is back to $60,000. Ethereum is closing in on $2,000. I hope people bought the dips. We’ll see if it can hold this time of if everyone sells again.

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The Oakland A's are the first sports team to accept Bitcoin. They are selling single-game suites for the upcoming season for 1 Bitcoin, which is currently $55,000.

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Ethereum is over $2000 and is holding strong this time. Bitcoin touched $60,000 before dipping a bit but I’m hopeful it can sustain it this time.

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ETH has broken $2100 as it continued to steadily rise throughout the day, so it’s holding strong at a new all-time high water mark.

Bitcoin unable to hold $60,000 and is back under $59,000 right now. 

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New all-time highs for BTC and ETH today.

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srossi wrote: New all-time highs for BTC and ETH today.
SEC SCREWED ME ON XRP HARD
i had 40k coins on that bad boy when the SEC fraud shit happened i sold everything and now i can't buy it because i live in NYC and crypto is the worst place for NY to get those altcoins not on coinbase,pro,or gemini
MAN OH MAN I AM PISSED

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krazykid18 wrote: srossi wrote: New all-time highs for BTC and ETH today.
SEC SCREWED ME ON XRP HARD
i had 40k coins on that bad boy when the SEC fraud shit happened i sold everything and now i can't buy it because i live in NYC and crypto is the worst place for NY to get those altcoins not on coinbase,pro,or gemini
MAN OH MAN I AM PISSED

I have a bunch of XRP in my hard wallet, basically just sitting there. I was never into XRP but accumulated some over the years. I’m way up now but have nowhere to sell them. I have to do some research to figure it out. I’m still terrified that Biden’s bitch Yellen is going to fuck over all coins in the U.S. one day. 

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srossi wrote: krazykid18 wrote: srossi wrote: New all-time highs for BTC and ETH today.
SEC SCREWED ME ON XRP HARD
i had 40k coins on that bad boy when the SEC fraud shit happened i sold everything and now i can't buy it because i live in NYC and crypto is the worst place for NY to get those altcoins not on coinbase,pro,or gemini
MAN OH MAN I AM PISSED

I have a bunch of XRP in my hard wallet, basically just sitting there. I was never into XRP but accumulated some over the years. I’m way up now but have nowhere to sell them. I have to do some research to figure it out. I’m still terrified that Biden’s bitch Yellen is going to fuck over all coins in the U.S. one day. 

Lucky you , man i would be up crazy from how cheap i bought it 

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BTW, Coinbase goes public tomorrow, for anyone who is a traditional stock investor but wants a crypto play.

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Dogecoin spiked hard today. Went from .07 to .11

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Dogecoin is at .14 now.

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Coinbase went live today. Speculation was that it would open at $250. It opened at $380 and is currently hovering around $400.

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Dogecoin just hit .15. 300% since Monday.

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Dogecoin at .196 right now, almost 400% since Monday.

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Dogecoin is at .42 right now.

Supposedly, they're trying for another GameStop situation on 4/20, that's the rumor anyway.

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nyhack56 wrote: Dogecoin is at .42 right now.

Supposedly, they're trying for another GameStop situation on 4/20, that's the rumor anyway.

Fucking crazy.  It's a joke coin with no real value.  Makes the rest of crypto look bad.  Some millionaires had to have been made this week if people had accumulated a bunch (for essentially free) over the past few years.  Hopefully they get out in time before the crash.

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Doge Day! Let's see if this bad boy can reach $1.00.

On another note, any heard of Safemoon?

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The market briefly crashed on news that Biden wants to raise the capital gains tax on millionaires. Bitcoin was briefly under $50,000 so I bought more. Ethereum has been holding fairly strong despite Bitcoin’s recent struggles.

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I bought safemoon. What a pain in the ass to buy! Saw all the buzz on Twitter and couldn’t resist. 

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Crypto has been so volatile from a massive sell-off to now ETH reaching a new all-time high. I'm kicking myself that I bought more Bitcoin on the dip but am currently completely out of ETH. Bitcoin has bounced back strong though too.

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What is a bitcoin mixer?

Edit: Nevermind found an article 

https://breaking911.com/feds-arrest-founder-of-bitcoin-mixer-they-say-laundered-335-million-over-ten-years/

Last edited on Fri Apr 30th, 2021 07:31 pm by Franchise

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Doge just hit .60 today briefly.

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I'm super pissed. Bitcoin has stalled and regressed for a month while Ethereum has gone to the moon, and I'm out of Ethereum right now and was left holding my dick waiting for the dip. I really fucked that one up.

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Doge hit .69 briefly and has been in the .63 to .68 range for the last 2 hours or so.


I don't have a lot invested but I find the volatility fascinating. I wish i could identify the dips better.

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nyhack56 wrote: Doge hit .69 briefly and has been in the .63 to .68 range for the last 2 hours or so.


I don't have a lot invested but I find the volatility fascinating. I wish i could identify the dips better.

SNL killed Doge last night. I hope everyone got out but I know a lot of people were expecting a Musk pop and instead got the opposite. 

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srossi wrote: nyhack56 wrote: Doge hit .69 briefly and has been in the .63 to .68 range for the last 2 hours or so.


I don't have a lot invested but I find the volatility fascinating. I wish i could identify the dips better.

SNL killed Doge last night. I hope everyone got out but I know a lot of people were expecting a Musk pop and instead got the opposite. 

It dropped similarly 2 weeks ago and rebounded.   It's back up to .56 now.  People sold off around .70  yesterday and started buying back in today.
I don't think Musk saying anything on SNL will have that much impact,  but Barry Silbert publicly saying his firm is taking a short position may.  I guess we'll see.
Shiba Inu coin is supposedly the next digital currency to take off.

Last edited on Sun May 9th, 2021 08:31 pm by nyhack56

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In Safemoon, Shibu and soon Bonfire. Small investments but these seem to be the alts getting the most buzz.

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nyhack56 wrote: srossi wrote: nyhack56 wrote: Doge hit .69 briefly and has been in the .63 to .68 range for the last 2 hours or so.


I don't have a lot invested but I find the volatility fascinating. I wish i could identify the dips better.

SNL killed Doge last night. I hope everyone got out but I know a lot of people were expecting a Musk pop and instead got the opposite. 

It dropped similarly 2 weeks ago and rebounded.   It's back up to .56 now.  People sold off around .70  yesterday and started buying back in today.
I don't think Musk saying anything on SNL will have that much impact,  but Barry Silbert publicly saying his firm is taking a short position may.  I guess we'll see.
Shiba Inu coin is supposedly the next digital currency to take off.

Which exchange are you using in NY for the smaller coins?  It can be challenging in this state.  They shut Bittrex down in NY a couple of years back.

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srossi wrote: nyhack56 wrote: srossi wrote: nyhack56 wrote: Doge hit .69 briefly and has been in the .63 to .68 range for the last 2 hours or so.


I don't have a lot invested but I find the volatility fascinating. I wish i could identify the dips better.

SNL killed Doge last night. I hope everyone got out but I know a lot of people were expecting a Musk pop and instead got the opposite. 

It dropped similarly 2 weeks ago and rebounded.   It's back up to .56 now.  People sold off around .70  yesterday and started buying back in today.
I don't think Musk saying anything on SNL will have that much impact,  but Barry Silbert publicly saying his firm is taking a short position may.  I guess we'll see.
Shiba Inu coin is supposedly the next digital currency to take off.

Which exchange are you using in NY for the smaller coins?  It can be challenging in this state.  They shut Bittrex down in NY a couple of years back.


I'm only trading value on Robinhood for Doge.
For Ethereum I'm using Coinbase.
I'm trying to use Bitmart for Shiba, but I haven't figured it out yet.  You can't buy Shiba with cash,  you have to buy Ethereum or Bitcoin or USD Tethered first then convert it.  But i am trying to figure out how to do so without getting killed by minjng fees.  I am definitely not a genius when it comes to this stuff. 

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nyhack56 wrote: srossi wrote: nyhack56 wrote: srossi wrote: nyhack56 wrote: Doge hit .69 briefly and has been in the .63 to .68 range for the last 2 hours or so.


I don't have a lot invested but I find the volatility fascinating. I wish i could identify the dips better.

SNL killed Doge last night. I hope everyone got out but I know a lot of people were expecting a Musk pop and instead got the opposite. 

It dropped similarly 2 weeks ago and rebounded.   It's back up to .56 now.  People sold off around .70  yesterday and started buying back in today.
I don't think Musk saying anything on SNL will have that much impact,  but Barry Silbert publicly saying his firm is taking a short position may.  I guess we'll see.
Shiba Inu coin is supposedly the next digital currency to take off.

Which exchange are you using in NY for the smaller coins?  It can be challenging in this state.  They shut Bittrex down in NY a couple of years back.


I'm only trading value on Robinhood for Doge.
For Ethereum I'm using Coinbase.
I'm trying to use Bitmart for Shiba, but I haven't figured it out yet.  You can't buy Shiba with cash,  you have to buy Ethereum or Bitcoin or USD Tethered first then convert it.  But i am trying to figure out how to do so without getting killed by minjng fees.  I am definitely not a genius when it comes to this stuff.

It's always been the same thing on Bittrex and most of the sites, you have to buy into Bitcoin and then trade from there.  They really haven't made it easy yet to buy most of the smaller altcoins, and I want nothing to do with Robin Hood.

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Officially crashed. Now it could be a long waiting game to get back to anywhere close to where we were.

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srossi wrote: Officially crashed. Now it could be a long waiting game to get back to anywhere close to where we were.
What's the deal behind the 20% drop this morning? I saw something about China Banning crypto?

Last edited on Wed May 19th, 2021 12:57 pm by Principal_Raditch

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Principal_Raditch wrote: srossi wrote: Officially crashed. Now it could be a long waiting game to get back to anywhere close to where we were.
What's the deal behind the 20% drop this morning? I saw something about China Banning crypto?

It started with Elon Musk, fresh off his SNL appearance, succumbing to pressure and saying Tesla would no longer accept Bitcoin over environmental concerns.  Many worried that Tesla or he personally would sell, although he never said that and can be a troll at market manipulation.  Then China cracked down on it, but they do that every other week.  It was also overbought and had gone on an incredible run so it was time for big players to take major profits.  All of this led to a slide that turned into an avalanche.  Nothing fundamental has changed though, it will be back. 

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I just saw Dogecoin is now down almost 30% this morning as well and Ethereum 27%. Do they allow for shorting of Cryptos?

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Principal_Raditch wrote: I just saw Dogecoin is now down almost 30% this morning as well and Ethereum 27%. Do they allow for shorting of Cryptos?
Yes.

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So when I was in Vegas I was using the Gemini app and when things started crashing my aim was to put $10,000 into Ethereum and another $4,500 into Filecoin.  That basically was my entire cash balance in Gemini.  So I'm sitting in the car and I start with Filecoin and I get a time out message and to try again.  I do, same thing.  So I'm just trying a bunch of times and it never works.  I try a couple of times with the ETH transaction too, never works.  Then the whole system goes down and I can't do anything.  I'm annoyed but it's not the end of the world.  Gemini does crash from time to time.

I get back to the hotel and check my phone and all of a sudden I see 3 confirmation e-mails came through an hour later.  It bought Filecoin 3 times, $4,500 each time.  It would've kept buying but I ran out of money.  Thank God I was using the option to only buy what I had in my account, because there's another option to basically borrow against your linked bank account to avoid transfer delays, and if I was doing that I probably would've spent more than 6 figures considering how many times I tried to buy.  To say I was livid would be an understatement.

There's no way to call Gemini that I can see.  I immediately e-mailed them and sent them a Facebook message.  I've followed up a few more times, and today marks 2 weeks with no response.  Now I've had to threaten legal action against them this morning, which I know is an empty threat.  The fact is they can't do a whole lot to fix their fuck up, but a token gesture of refunding some fees and apologizing and explaining how they're working to ensure that never happens again would be nice.  Any response at all would be appreciated. 

I have every confidence that ETH will bounce back (it already is), but I'm not so sure about Filecoin and now I'm stuck with 3 times as much of it as I wanted.  On top of that, I didn't get the ETH price I wanted and had to transfer another $10,000 into my account to buy ETH back at a later date because that never went through the first time.  After this next round of selling, I might have to look for another platform, assuming Gemini doesn't just kick me off for threatening to sue them and speak to the NY State Attorney General's Office. 

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A friend of mine sent me 1,000,000 Safemoon. I think the current value is about $6. I will be a millionaire soon. That's what he told me anyway.

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srossi wrote: So when I was in Vegas I was using the Gemini app and when things started crashing my aim was to put $10,000 into Ethereum and another $4,500 into Filecoin.  That basically was my entire cash balance in Gemini.  So I'm sitting in the car and I start with Filecoin and I get a time out message and to try again.  I do, same thing.  So I'm just trying a bunch of times and it never works.  I try a couple of times with the ETH transaction too, never works.  Then the whole system goes down and I can't do anything.  I'm annoyed but it's not the end of the world.  Gemini does crash from time to time.

I get back to the hotel and check my phone and all of a sudden I see 3 confirmation e-mails came through an hour later.  It bought Filecoin 3 times, $4,500 each time.  It would've kept buying but I ran out of money.  Thank God I was using the option to only buy what I had in my account, because there's another option to basically borrow against your linked bank account to avoid transfer delays, and if I was doing that I probably would've spent more than 6 figures considering how many times I tried to buy.  To say I was livid would be an understatement.

There's no way to call Gemini that I can see.  I immediately e-mailed them and sent them a Facebook message.  I've followed up a few more times, and today marks 2 weeks with no response.  Now I've had to threaten legal action against them this morning, which I know is an empty threat.  The fact is they can't do a whole lot to fix their fuck up, but a token gesture of refunding some fees and apologizing and explaining how they're working to ensure that never happens again would be nice.  Any response at all would be appreciated. 

I have every confidence that ETH will bounce back (it already is), but I'm not so sure about Filecoin and now I'm stuck with 3 times as much of it as I wanted.  On top of that, I didn't get the ETH price I wanted and had to transfer another $10,000 into my account to buy ETH back at a later date because that never went through the first time.  After this next round of selling, I might have to look for another platform, assuming Gemini doesn't just kick me off for threatening to sue them and speak to the NY State Attorney General's Office. 

Well I got a reply within an hour to that threatening e-mail.  They're looking into the "unauthorized transactions" and seem to be willing to refund me $9,000 for the 2 extra ones, including fees.  We shall see.  Amazing how fast people reply when they think you have a lawyer ready to go.

Of course if they reverse these transactions and Filecoin goes up to 150 in the next few months, I'll be kicking myself.  But any money I get back I'll just put in ETH and if Filecoin goes up, that certainly should go up even more.

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srossi wrote: srossi wrote: So when I was in Vegas I was using the Gemini app and when things started crashing my aim was to put $10,000 into Ethereum and another $4,500 into Filecoin.  That basically was my entire cash balance in Gemini.  So I'm sitting in the car and I start with Filecoin and I get a time out message and to try again.  I do, same thing.  So I'm just trying a bunch of times and it never works.  I try a couple of times with the ETH transaction too, never works.  Then the whole system goes down and I can't do anything.  I'm annoyed but it's not the end of the world.  Gemini does crash from time to time.

I get back to the hotel and check my phone and all of a sudden I see 3 confirmation e-mails came through an hour later.  It bought Filecoin 3 times, $4,500 each time.  It would've kept buying but I ran out of money.  Thank God I was using the option to only buy what I had in my account, because there's another option to basically borrow against your linked bank account to avoid transfer delays, and if I was doing that I probably would've spent more than 6 figures considering how many times I tried to buy.  To say I was livid would be an understatement.

There's no way to call Gemini that I can see.  I immediately e-mailed them and sent them a Facebook message.  I've followed up a few more times, and today marks 2 weeks with no response.  Now I've had to threaten legal action against them this morning, which I know is an empty threat.  The fact is they can't do a whole lot to fix their fuck up, but a token gesture of refunding some fees and apologizing and explaining how they're working to ensure that never happens again would be nice.  Any response at all would be appreciated. 

I have every confidence that ETH will bounce back (it already is), but I'm not so sure about Filecoin and now I'm stuck with 3 times as much of it as I wanted.  On top of that, I didn't get the ETH price I wanted and had to transfer another $10,000 into my account to buy ETH back at a later date because that never went through the first time.  After this next round of selling, I might have to look for another platform, assuming Gemini doesn't just kick me off for threatening to sue them and speak to the NY State Attorney General's Office. 

Well I got a reply within an hour to that threatening e-mail.  They're looking into the "unauthorized transactions" and seem to be willing to refund me $9,000 for the 2 extra ones, including fees.  We shall see.  Amazing how fast people reply when they think you have a lawyer ready to go.

Of course if they reverse these transactions and Filecoin goes up to 150 in the next few months, I'll be kicking myself.  But any money I get back I'll just put in ETH and if Filecoin goes up, that certainly should go up even more.


I did the earn with FileCoin threw 4k last week, but i have filecoin on coinbase pro but i will be using the new GUSD coin for earn for the 7.4 APY  since it is a stablecoin

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It’s a half-off Memorial Day sale. If you’ve been waiting for an entry point, I don’t know how much better you can realistically do than this. I have no doubt you will double your money, although it’s impossible to say if it will take 3 months or 3 years. But nothing fundamental has changed and more and more will continue to adopt crypto payments, so it’s not going anywhere. Being able to get Bitcoin at 30,000 and Ethereum at 2,000 again is pretty crazy.

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srossi wrote: It’s a half-off Memorial Day sale. If you’ve been waiting for an entry point, I don’t know how much better you can realistically do than this. I have no doubt you will double your money, although it’s impossible to say if it will take 3 months or 3 years. But nothing fundamental has changed and more and more will continue to adopt crypto payments, so it’s not going anywhere. Being able to get Bitcoin at 30,000 and Ethereum at 2,000 again is pretty crazy.https://sportsandwrestling.mywowbb.com/forum16/11914.html
I figure the best way to get out of the funk I’ve been in for the past week is to do one of the things I’m pretty good at - busting balls.  This is the last time Mr. Rossi told us about an amazing deal.  And yes, I called him Mr. Rossi because he’s earned the respect.  But that won’t keep me from breaking his balls!

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Superstar wrote: srossi wrote: It’s a half-off Memorial Day sale. If you’ve been waiting for an entry point, I don’t know how much better you can realistically do than this. I have no doubt you will double your money, although it’s impossible to say if it will take 3 months or 3 years. But nothing fundamental has changed and more and more will continue to adopt crypto payments, so it’s not going anywhere. Being able to get Bitcoin at 30,000 and Ethereum at 2,000 again is pretty crazy.https://sportsandwrestling.mywowbb.com/forum16/11914.html
I figure the best way to get out of the funk I’ve been in for the past week is to do one of the things I’m pretty good at - busting balls.  This is the last time Mr. Rossi told us about an amazing deal.  And yes, I called him Mr. Rossi because he’s earned the respect.  But that won’t keep me from breaking his balls!

The last time I told you about an amazing deal I refer you to page 1 of this thread when I bought Bitcoin at $2,500 4 years ago. If you had too, you’d be rich right now. 

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srossi wrote: Superstar wrote: srossi wrote: It’s a half-off Memorial Day sale. If you’ve been waiting for an entry point, I don’t know how much better you can realistically do than this. I have no doubt you will double your money, although it’s impossible to say if it will take 3 months or 3 years. But nothing fundamental has changed and more and more will continue to adopt crypto payments, so it’s not going anywhere. Being able to get Bitcoin at 30,000 and Ethereum at 2,000 again is pretty crazy.https://sportsandwrestling.mywowbb.com/forum16/11914.html
I figure the best way to get out of the funk I’ve been in for the past week is to do one of the things I’m pretty good at - busting balls.  This is the last time Mr. Rossi told us about an amazing deal.  And yes, I called him Mr. Rossi because he’s earned the respect.  But that won’t keep me from breaking his balls!

The last time I told you about an amazing deal I refer you to page 1 of this thread when I bought Bitcoin at $2,500. If you had too, you’d be rich right now. 
I’ll never be rich.  If I bought in at 2500, their computer would’ve crashed and all of the Bitcoin would be lost or something similar.  But that’s ok.  My life is good as it is.  

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So, the Feds got back a lot of the Colonial Pipeline Bitcoin ransom. I thought this stuff was untraceable?

Cold hard cash would have been better. Sheesh.

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brodiescomics wrote: A friend of mine sent me 1,000,000 Safemoon. I think the current value is about $6. I will be a millionaire soon. That's what he told me anyway.
Same friend sent me 1,000,000 EverRise. Gonna be rich soon.

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brodiescomics wrote: brodiescomics wrote: A friend of mine sent me 1,000,000 Safemoon. I think the current value is about $6. I will be a millionaire soon. That's what he told me anyway.
Same friend sent me 1,000,000 EverRise. Gonna be rich soon.

They’re stuck on 205 Live so that’ll never be worth anything. You need some of that MJF. 

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Spike Lee has a bizarre cryptocurrency commercial targeting minorities focusing on how “old money” is racist or something, but never actually explains what crypto is.

https://twitter.com/jasonyanowitz/status/1415428773680386051?s=21

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brodiescomics wrote: brodiescomics wrote: A friend of mine sent me 1,000,000 Safemoon. I think the current value is about $6. I will be a millionaire soon. That's what he told me anyway.
Same friend sent me 1,000,000 EverRise. Gonna be rich soon.



The bill for the site is due. Pony up.

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beejmi wrote: brodiescomics wrote: brodiescomics wrote: A friend of mine sent me 1,000,000 Safemoon. I think the current value is about $6. I will be a millionaire soon. That's what he told me anyway.
Same friend sent me 1,000,000 EverRise. Gonna be rich soon.



The bill for the site is due. Pony up.
Based strictly on the quality of so many of the posts here, you're going to have to wait until somebody invents Shitcoin to pay the site bill.  And their slogan?  I shit you not!

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srossi wrote: Spike Lee has a bizarre cryptocurrency commercial targeting minorities focusing on how “old money” is racist or something, but never actually explains what crypto is.

https://twitter.com/jasonyanowitz/status/1415428773680386051?s=21



Jackson Palmer seems to have an entirely different view. Maybe crypto can bring Spike Lee’s commercial and Jackson Palmer’s Tweets to mesh together and be uplifting and corrupt while promoting inequality all at the same time. 

https://www.google.com/amp/s/www.barrons.com/amp/articles/jackson-palmer-dogecoin-51626359113

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Franchise wrote: srossi wrote: Spike Lee has a bizarre cryptocurrency commercial targeting minorities focusing on how “old money” is racist or something, but never actually explains what crypto is.

https://twitter.com/jasonyanowitz/status/1415428773680386051?s=21



Jackson Palmer seems to have an entirely different view. Maybe crypto can bring Spike Lee’s commercial and Jackson Palmer’s Tweets to mesh together and be uplifting and corrupt while promoting inequality all at the same time. 

https://www.google.com/amp/s/www.barrons.com/amp/articles/jackson-palmer-dogecoin-51626359113

The guy who founded the only crypto that actually is a scam is accusing crypto of being a scam. Credible. 

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srossi wrote: Franchise wrote: srossi wrote: Spike Lee has a bizarre cryptocurrency commercial targeting minorities focusing on how “old money” is racist or something, but never actually explains what crypto is.

https://twitter.com/jasonyanowitz/status/1415428773680386051?s=21



Jackson Palmer seems to have an entirely different view. Maybe crypto can bring Spike Lee’s commercial and Jackson Palmer’s Tweets to mesh together and be uplifting and corrupt while promoting inequality all at the same time. 

https://www.google.com/amp/s/www.barrons.com/amp/articles/jackson-palmer-dogecoin-51626359113

The guy who founded the only crypto that actually is a scam is accusing crypto of being a scam. Credible. 


Arent most? Ive heard explanations about why etherium is legit and that Bitcoin is the gold standard but the rest? 

Last edited on Sat Jul 17th, 2021 08:57 pm by Franchise

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Franchise wrote: srossi wrote: Franchise wrote: srossi wrote: Spike Lee has a bizarre cryptocurrency commercial targeting minorities focusing on how “old money” is racist or something, but never actually explains what crypto is.

https://twitter.com/jasonyanowitz/status/1415428773680386051?s=21



Jackson Palmer seems to have an entirely different view. Maybe crypto can bring Spike Lee’s commercial and Jackson Palmer’s Tweets to mesh together and be uplifting and corrupt while promoting inequality all at the same time. 

https://www.google.com/amp/s/www.barrons.com/amp/articles/jackson-palmer-dogecoin-51626359113

The guy who founded the only crypto that actually is a scam is accusing crypto of being a scam. Credible. 


Arent most? Ive heard explanations about why etherium is legit and that Bitcoin is the gold standard but the rest? 

There are tons that have legitimate purposes. I invested in Filecoin after reading their white paper. They’re basically creating a decentralized file storage system using the blockchain. There are lots of others that are doing great things, and I’m sure many of the really small ones that aren’t. There was a Trumpcoin at one point that had no connection to him and no purpose whatsoever, but using his name led people to invest in it and pump the price briefly. But to say crypto is a scam based on that is like saying buying Apple stock is a scam because a penny stock was a pump-and-dump. And Doge is the highest profile of the joke coins. 

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If all of the pump and dumps were removed and all you had was legit crypto could it not still be manipulated to benefit some while excluding others? How is crypto any more equitable or inclusive than cash?


It seems like everytime a country comes out with an opinion on Crypto it moves the needle so what would stop that country from “banning it” which in turn makes regular people sell creating a dump and drop? Then the country and rich move in and scoop up the sales 

Last edited on Sun Jul 18th, 2021 12:46 am by Franchise

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As long as people are greedy, there will be people manipulating and people being manipulated.

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Franchise wrote: If all of the pump and dumps were removed and all you had was legit crypto could it not still be manipulated to benefit some while excluding others? How is crypto any more equitable or inclusive than cash? "
Ask people in developing countries.


https://philippsandner.medium.com/the-impact-of-crypto-currencies-on-developing-countries-dce44c529d6b

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srossi wrote: Franchise wrote: If all of the pump and dumps were removed and all you had was legit crypto could it not still be manipulated to benefit some while excluding others? How is crypto any more equitable or inclusive than cash? "
Ask people in developing countries.


https://philippsandner.medium.com/the-impact-of-crypto-currencies-on-developing-countries-dce44c529d6b


So according to that it seems like of you can navigate the barriers to entry crypto allows you to side step corrupt banks and government that may be discriminating. 

Thanks 

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Franchise wrote: srossi wrote: Franchise wrote: If all of the pump and dumps were removed and all you had was legit crypto could it not still be manipulated to benefit some while excluding others? How is crypto any more equitable or inclusive than cash? "
Ask people in developing countries.


https://philippsandner.medium.com/the-impact-of-crypto-currencies-on-developing-countries-dce44c529d6b


So according to that it seems like of you can navigate the barriers to entry crypto allows you to side step corrupt banks and government that may be discriminating. 

Thanks

Perhaps more important to that is it's a hedge against inflation in countries where the local currency may be extremely volatile and drop to next-to-nothing over night.  I'm not sure if that's covered in the article, but it's the most important factor for poor people in developing countries.

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srossi wrote: Franchise wrote: srossi wrote: Franchise wrote: If all of the pump and dumps were removed and all you had was legit crypto could it not still be manipulated to benefit some while excluding others? How is crypto any more equitable or inclusive than cash? "
Ask people in developing countries.


https://philippsandner.medium.com/the-impact-of-crypto-currencies-on-developing-countries-dce44c529d6b


So according to that it seems like of you can navigate the barriers to entry crypto allows you to side step corrupt banks and government that may be discriminating. 

Thanks

Perhaps more important to that is it's a hedge against inflation in countries where the local currency may be extremely volatile and drop to next-to-nothing over night.  I'm not sure if that's covered in the article, but it's the most important factor for poor people in developing countries.


Ive understood the inflation part it was the other piece i was missing. 

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Everyone that stuck it out with the crash should be back in the green now. Bitcoin is doing better, but Ethereum is really separating itself from Bitcoin and has been flying independent of it. Hope everyone held and bought the dip.

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srossi wrote: Everyone that stuck it out with the crash should be back in the green now. Bitcoin is doing better, but Ethereum is really separating itself from Bitcoin and has been flying independent of it. Hope everyone held and bought the dip.
Held but didn't buy the DIP.. like you said and it was there for the taking...
I keep letting you down my Crypto Master

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Bitcoin closing in on $50,000 again but the real money has been in ETH, which has been incredibly impressive even on days when Bitcoin isn’t moving. That’s very promising.

In other news, Reese Witherspoon tweeted that she just bought 1 ETH. So we’re at the point where your grandma bought a cell phone and asked you where the cat videos are. Next stop…the moon.

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Why has lite coin risen lately

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Quattro wrote: Why has lite coin risen lately
Mostly because everything else has. 

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What should I buy as a noob who wants to play with this stuff?
Edit - using a robin hood account to dip toe in.

Last edited on Sun Sep 5th, 2021 03:15 pm by Quattro

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Quattro wrote: What should I buy as a noob who wants to play with this stuff?
Edit - using a robin hood account to dip toe in.

Just stick with Bitcoin and Ethereum if you don’t know what you’re doing, but I wouldn’t buy with everything so close to all-time highs. It will have to dip soon. I also wouldn’t have any part in Robin Hood. 

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Why not on robin hood

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Quattro wrote: Why not on robin hood
Robin Hood is a stock trading platform, and not even very good at that. You don’t actually own your crypto and can’t move it off the platform. It’s almost like buying shares in crypto instead of actually buying crypto. And then there’s also the GameStop debacle, where they lost all credibility and would make me fear what they would do in times of volatility. I would take the extra few days to research some real crypto exchanges like Gemini or Coinbase. 

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IMO - Robin Hood is perfect for some wanting to dip there toes in. But as srossi said, they are pretty high right now. I would wait for the dip.

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Trying to understand the volatility

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Quattro wrote: Trying to understand the volatility
Watch it for a few weeks. There’s no reason to jump in when everything is soaring. 



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