Nu-Coiner Here

Deadlyinx
Deadlyinx

I bought 0.014 yesterday for £150. Now it's worth nearly £170. Wow, this is basically free money. I'm thinking of putting even more in. Should I buy now or wait for a dip? Is it gonna dip or will it just keep going up and up? How can you tell? On what assumptions do people predict the direction of bitcoin?

I'm thinking of putting maybe another £500 in, I could stand to lose that I think. I just want to know the best time to buy it. Things seem uncertain right now, everyone keeps saying it might crash soon. Does that have any validity to it?

BinaryMan
BinaryMan

@Deadlyinx

welcome,

buy now and sell the dip brother

whereismyname
whereismyname

@Deadlyinx
nu coiner here. put the same the same day in but split into shit coins. the only profit I made covers the fees
don't even own a red wojak to post

likme
likme

It's ATH right now. Wait for a correction (if there even is one anymore) and then put more in. Or do whatever you want, either way, you still make gains.

I split my Bitcoin into some ETH, (to buy Link) and now just waiting for the real moon.

You'll be alright, bro. Might wanna check who you bank with because some of them are dodgy and don't allow crypto transactions to go through.

Lord_Tryzalot
Lord_Tryzalot

@likme
When do you reckon the correction would come, if it did? And how long should I patiently wait for it before concluding it's not coming and I should just buy at the current price?

Could you tell me a bit about ETH and LTC? Are they worth buying? They don't seem to be going up in value at a rate as fast as bitcoin. Is the whole premise behind buying into them that they will get a big spike in the future putting them around current bitcoin levels?

TechHater
TechHater

@Lord_Tryzalot
Do some research for yourself, but my portfolio is 75 percent Bitcoin, 25 percent ETH. (I own some Chainlink too, but forget about that)

I don't buy shitcoins, really. The big three are enough for me. BTC, ETH, LINK, and you're mooning. It's just a matter of timing.

Litecoin is trash tb h with you! I was holding LTC bags for months and missed huge btc gains because of it.

Stick to Bitcoin, ETH, and if you want a chance to moon and make tens of thousands then think about Chainlink.

Also gimme a tip for this advice my man, don't be mean. I'm poor as fuck but trying
1AwAt4oLFers1QCcse8x6FYWtCY7V5eb6V

Raving_Cute
Raving_Cute

@TechHater
Sure, I'll give you a tip. Thanks for the advice.

Would anyone be able to explain chainlink for me? I could look it up, but just for convenience

idontknow
idontknow

@Raving_Cute
. Eth and smartcontracts. We all know smartcontracts are revolutoinary, but their use cases are limited. Smartcontracts are awesome, but they are confined within the blockchain and data on the blockchain. In otherwords, right now smartcontracts are "you send 1 eth and I'll send back 1000 McTokens", and this contract is verifiable/trustless/amazing but its stuck within the universe of Ethereum and the data Ethereum understands

2. It is possible to use external data to inform these contracts, but right now that process is centralized. This is a problem. Lets say the external data is a transaction of Dollars for ETH. So you send 300$ to bank account X, and then I send one Eth to your address. Right now you either do that through a third party (CoinBase), OTC (LocalBitcoins) or whatever else centrlized system you want to use.

Knocking out that centralization, where you have to trust someone, is THE key to SmartContracts having a real world use case. But how do you get that information -- the fact that the $300 has been sent -- onto the blockchain using data that the smartcontract understands?

3. Oracles. Right now the answer is "hey we can hire Oracle X to do the translation to represent this bank dollar transaction on the blockchain." The "oracle problem" with this is that you are 100% TRUSTING that oracle to act prudently. That they don't tamper with the data. So we can kill coinbase but now we have to trust the oracle instead of coinbase .This is a HUGE problem for Banks who want to get into blockchain but have to trust a centralized oracle to translate data. This Oracle can be hacked, falsified or defrauded.

1/2

SniperWish
SniperWish

@idontknow
@Raving_Cute
4. ChainLink - this service DECENTRALIZES that translation process of the Oracle. Now, the translation is trustless, and you have a trustless data feed that informs the trustless smart contract.

Multibillion dollar institutions can rely on distributed blockchain technology and know the data that informs their smart contracts is tamperproof.

So Thats what ChainLink does. ChainLink is the first decentralized Oracle that allows anyone to securely provide smart contracts with access to external data, off-chain payments, and really literally any other API you can dream up. Confirmation of delivery of an items (RFID, like Walton), confirmation of a wire being sent or received, interest rates from any central bank, sports scores, product/machine uptime, price of Eth/BTC in real time, weather patterns etc. Right now smart contracts are simple if/then functions where you go and manually do the if so the then comes back. Now with Oracles smartcontracts can automatically confirm or deny if then statements without any human interaction. Transactional automation for agreed upon terms on steroids.

Anyone can now engrain off-chain data directly onto the blockchain in an actually decentralized way and use that data to directly inform trustless smart contracts, and since the Oracle is decentralized you know the data feed is secure and you’re not concerned with tampering on the Oracle’s part. This is like a skeleton key to actualize the data on the blockchain and apply that data to real world use cases.

2/2

All the best to you mate. Thanks for any tip if you do

girlDog
girlDog

@TechHater
I'll give you a tip. The tip of my dick

TalkBomber
TalkBomber

@TechHater
@Raving_Cute
Nah, I bought LINK when it was like 0.1-0.11, now it's dropping in the range between 0.25-0.3 - I ain't even complaining. Ye, it's not fast growing, but it went pretty fast from 0.1 to 0.25, and it was like that all the way.

Actually, it was always gowing up a .05 (example), then going down with 0.01 (example). Just go into it and stick to it. Good luck.
Also, I'm not very rich into LINK, hope I'll get a little tip aswell 1AMuZ7u7Dj7rqLfpwHPzcBQ634wWGDwfuF

Snarelure
Snarelure

@idontknow
@SniperWish
Thanks for that, that was really informative. I really appreciate your help.

So it is for the reason that ChainLink is decentralised and revolutionary in this way that it is hoped that it will be picked up by a lot of people and dramatically increase in value?

How does one invest in ChainLink? Do you buy it like bitcoin?

Skullbone
Skullbone

@girlDog
Cmon bro i just wanna make it

Lunatick
Lunatick

@Snarelure
Yup, and hurry up.

idontknow
idontknow

@Snarelure
Links are stored in your ETH wallet. So if you have (or make) a MyEtherWallet (make sure you use the proper url) then that will be your ETH wallet and any other token such as Chainlink. It's revolutionary because its decentralised. It's basically the third of the big three, though it hasn't mooned yet, with Bitcoin, and Eth. If you hold these three for the next year or two, you'll make gains, no question.

To buy it, you transfer BTC or ETH to an exchange that sells it such as Binance then buy, after doing this, you can transfer it to your MyEtherWallet and keep it in cold storage if you want

Lord_Tryzalot
Lord_Tryzalot

@Snarelure
@idontknow
ALSO, make sure you save your ETH wallet Json file and don't lose it

hairygrape
hairygrape

@TechHater
The big three
BTC, ETH, and Chainlink

@Raving_Cute
DUDE. Don't fucking listen to him about Chainlink. It's this scam coin that people have lost hundreds of thousands of dollars on.

People invested literally tens of BTC (sometimes hundreds) when BTC was below $1000, so you can really see how much people have lost out on. The coin since then has pretty much died.

/biz/thread/4850348#p4850348
Thread related

Give me a tip too user?
1EiDF7kGFoMUNEjFaoDxuudrjEAXTMnFsp

JunkTop
JunkTop

@hairygrape
Don't listen to this guy. Link is no scam but people probably have lost thousands, just like anything else. You can't stop stupid people from doing stupid shit.

I will say though, Link is probably the riskiest of the three because it hasn't mooned yet. Nothing is guaranteed (except BTC gains of course, lol)

girlDog
girlDog

@hairygrape
@JunkTop
Hmm, seems there's quite a lot of uncertainty. Makes me a little unsure what to do.

Btw, what should I do to secure my account? All I've done is made a verified account on coinbase, literally nothing else. What's all this about 'account keys' and stuff?

There should really be a sticky with all this stuff for newcomers.

VisualMaster
VisualMaster

@JunkTop
Not thousands. Tens of thousands per BTC, hundreds of thousands if they gave more than 9 BTC.

People gave $32 Million of Sub-$1000 BTC and ETH at the time. Think of how much BTC that is compared to today.

It has then more than 15x so that would be $480,000,000 lost in total profit by everyone holding ANY chainlink scam coins

And I am the one who made this wallpaper with Chainlink and lambos btw. It is a total scamcoin.

Plz tip me for these helpful tips saving you a lot of money.

Evil_kitten
Evil_kitten

@girlDog
Well Coinbase is an exchange so obviously there is the possibility of a hack
People use cold storage as in, they keep their private keys on a piece of paper of something not connected to the net
That being said, Coinbase is probably insured at this point since its the largest exchange.

I'm typing from my wage slave job so sorry for any spelling mistakes but yeah

Wish you the best

Like I said, BTC, ETH if you're unsure, a bit of Link if you want some risk (for holding long term)

Best of luck bro

Playboyize
Playboyize

@girlDog
Welcome to the fud. Enjoy your stay.

TreeEater
TreeEater

@VisualMaster
Well yeah, they'd have made more if they just held Bitcoin

But no one saw 10k+ coming this fast

Dreamworx
Dreamworx

@Snarelure
@girlDog
No tip
BRO

5mileys
5mileys

@BinaryMan
This. Buy now and sell at the dip my friend

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