For those of us who haven't started trading yet, or who have, but are still clueless
Hopefully by getting newbies past the confusion stage, and helping them avoid losing money on garbage cryptos
we'll be able to get a lot more people to join us for the revolution
Andrew Long
Yea so i'm down 1,100 dollars from my initial investment, 600 of which were retardedly sent out to the wrong address so yea
with 500 dollars left, is it likely that I could break even at 1,600?
Matthew Hughes
depends on what coin?
the market is heading down currently, but should recover and continue up some time in the next few days
Kayden Allen
i've got 200 in BMC, and the rest im using to chase pumps to slowly make my way back
Andrew Walker
do the opposite of what Veeky Forums says
Nathaniel Jackson
Don't think of fiat, or worse, tether, as your safe place. BTC is your safe place. Always sleep in BTC.
Xavier Butler
not familiar with that particular coin,
considering it's only a couple of days old, its market share is impressive
what inspired you to invest in it? superior technology or what?
because crypto is very competitive at the moment
Luis Gutierrez
How difficult / expensive would it be to create a quality crypto?
Something with good privacy, security, transaction times, etc
Daniel Ward
The ICO looked promising, the company behind it had existed since 2014 so it didnt feel scammy, the product is essentially a normie friendly platform to get fiat into the cryptocurrency world
got high hopes for this one
Juan Jenkins
Never margin trade unless you know what you're doing. Moons usually dips but will always moon a second time.
Luis Martinez
How the FUCK do I dump my USbux into crypto? Almost every exchange requires you to buy cryptocurrency with some other cryptocurrency. How the literal fuck does a newcomer do anything
Asher Fisher
what is the best site to use for simply buying/selling bitcoin and possibly ethereum? like, lowest fees and quick reliable transactions. ideally no entry cost. i'm using coinbase and its 3.8% tax kills me
Nathan Thomas
buy bitcoin with cash from coinbase/gemini then transfer to exchange to get alts
Landon Harris
Is there a reason crypto currency has to be so volatile?
What if the value was set at ICO, and value only grows linearly year by year?
For example: BTC launches with a value of 10 USD, and no matter how many people buy / sell,
it will always grow 10% year on year
it would encourage a lot more people to get into crypto
Oliver Cooper
Experimenting with small transactions to see if I can actually turn a profit before I really commit. I just put 50% of my starting capital into BTC, and 25% into both ETH and LTC. Literally never done this before, and I'm experimenting with money I won at a casino when half drunk. Current strategy is to wait until either ETH or LTC turn around, and then sell anything above the initial investment for BTC. BTC seems pretty safe, so my goal is to try and get as much as it as possible.
Any horrible red flags here? Also, any basic strategies I should be reading up on?
Aiden King
That's not how capitalism works.
Kayden Foster
Use GDAX it's the same shit as coinbase but doesn't fuck you as hard with fees
Isaiah Kelly
I would hold the ether before bitcoin. just me.
Lite-coin is pretty stable. realistically it won't moon but it'll mature pretty well I think. 3:1 standard goal isn't unreasonable. longer term hold, even.
Tyler Lee
good idea
I'll make growcoin. It's worth $10 and it's going to be $11 next year.
I can sell you some, but I'll only sell it for $11 because I know it's going to go up.
Cooper Rodriguez
yeah but the majority of people wouldn't try to sell it for more than it's worth
and nobody would buy it at $11 if the agreed upon value for the year is $10
Christopher Peterson
i can't
Caleb Parker
thanks just earned 100k
Mason Ward
Retard alert
Asher Peterson
Either full brain dead fucking retard or exquisite troll.
Sebastian Morris
care to explain why it can't work?
the 10% growth was just an example, it could be 1% or whatever
William Anderson
Man how do i take a pic of my license for coinbase? It wont scan my shit, im 20 btw so my license is the vertical one
Ryder Rivera
What the fuck do you think makes the price of anything go up and down? Serious question
Adam Russell
Coinbase is ridiculous tho. BTC will be listed for one price and then you go to buy it and its 10% higher, and when you go to sell it its 10% lower. Wtf
Jaxon Fisher
Dude if you don't understand supply/demand you're too stupid for crypto. That "growth" that you're talking about is called inflation and gives a negative incentive to hold a currency. Inflation is bad.
Michael Mitchell
He's OP. He's trolling to get his thread bumped and seen.
Asher Watson
price = agreed upon value
the whole concept of value is pretty obscure though
just think about it, if everyone who bought a crypto agreed it should grow a few percent each year, then there would only be profits?
no, crypto growth is the opposite of inflation?
BTC, for example, grows relative to the USD, so your ability to purchase goods / services increases with increased price
when the USD inflates, it means you can buy less with the same amount
Levi Lewis
So listen to Veeky Forums?
Adam Brooks
>hooking up a light while it's live
Kayden Murphy
of course, this would only work if the particular crypto wasn't the default currency
if it did become the default currency, then yeah producers would raise their prices to match the growth of this crypto
but you don't see producers raising their prices 100x because bitcoin did, do you?
Nathaniel Ortiz
I actually get a little depressed sometimes thinking about how easy it is to make money in these markets because of idiots like yourself
I seriously need to stop getting on Veeky Forums........
Elijah Hughes
I'm not sure where to buy/sell coins for minimal fees. Should I use a broker/trading site? If so, which ones are legit? Bitfinex, IQOption, etoro? Preferably ones that works in the UK/trades in GBP.
Also, what's a good wallet for things that aren't bitcoin?
Chase Perez
>retard >retard >stupid >idiot
yet no one can explain why it won't work lol
if not understanding it makes me a retard, then surely it's not beyond Veeky Forums's capability to explain it
Jace Hughes
>inb4 waste of time explaining it
if that were the case, then you wouldn't have already wasted your time typing out petty insults kek
Brody Hughes
Different user.
I can't use GBP on there... The conversion rate kills me. What is a good site for the UK?
Blake Reed
the level of stability a crypto has is purely intangible
people say shit like >monero and litecoin are good, stable investments
but they're only stable because everyone agrees they are
so why couldn't another crypto come along, which everyone agrees is even more stable
if 99% of traders of this coin agree it is too stable to drop in price, then it can only go up
Matthew Ross
I figured out most of the stuff I wanted to know but can you guys explain wallets? I know they can be generated by clients and are one use. Is there an actual difference between, for example, a BTC wallet and ETH wallet or is the code a generic one that you can use for anything?
And if not, how the fuck do i generate wallets specifically for shitcoins that I buy?
Hudson Barnes
I'm more bothered by the bad camera work that didn't capture his impact. I recorded a friend falling 40 or 50 feet out of a tree and got the whole thing on my shitty 2007 flip phone. It's not hard.
Michael Bennett
Jesus you don't have any comprehension of supply and demand
Price is what you are willing to pay for it. That's it. Market forces will overcome any predetermined price
Leo Lewis
Buy high, sell low
Landon Bell
What is the application for any of these coins?
Nathan Lopez
How do you think they make money?
Joshua Howard
Is GDAX better than kraken? It seems less expensive but I'm not sure
Jackson Nguyen
Or even Gemini? Which one has the lowest fees? Even if I suppose it is best to have an upgraded accounts on each of them just in case one goes down
Cooper Lopez
Also Coinbase just acts as a gateway for normies to get into crypto. There's a bunch of other good fiat/btc exchanges, I live in Brazil and use foxbit.exchange but there's a good variety even in a third world country like this.
Chase Roberts
...
Isaac Perry
Lets a stock/coin was about to go down so you decide to sell to hold the money at a steady value and then buy later. In stocks you can sell the stock and hold it in USD but for cryptos it seems like every altcoin is tied with BTC so if it were to crash so would everything else and vice versa. How would you circumvent that unless there's a fast way to turn BTC into USD and back?
Jeremiah Barnes
Agreed, but that is their model. Use Gemini or Kraken if possible to avoid getting kiked every time
Blake Martin
prices plummeted and this presents an opportunity for procuring even more .... I am interested in increasing my crypto coin quantity
Tyler Peterson
Gemini is the best in my experience. Unfortunately in my case for a New York state resident, Gemini and Coinbase/GDAX are the only games in town for exchanging fiat.
I agree having more than one available for your use is a good idea.
Slow speed of transfers and high fees are what soured me on Coinbase. Using GDAX gets you to fee parity with Gemini, but transfers are still slower, and I find the UX to be clunky for my purposes. My experience with Gemini has been overwhelmingly positive.