Hello Veeky Forums

i'm hoping everyone in biz gets some good gains so they can have an easier life.

YOU'VE MADE ME THE HAPPIEST GIRL ON THE PLANET OP

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>Accumulate & Hold
>Just have patience, be calm, and enjoy the ride.
Words for Veeky Forums to live by. Let's not let ourselves forget them in the exciting times ahead. Looking forward to a comfy ride with you while watching all the excitement to come. See you in 2018.

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Biz was and still is fudding BTC. Lmfao

>early adopter meme
You're a few years late pal, my fucking grandparents asked me about it.

if you say so

Sorry to break it but if you're starting now you're way late. You came in with the normies. You are the normy . Although if you lurk more and post less you can learn from us not-so-late fags and make it big even with small capital

even if someone has started TODAY with their very first purchase of bitcoin, they are still an early adopter and far ahead of the majority of people in society right now

biz told me this exact thing last year. didn't hold up very well

January better be good because this bear period on the main coins is really trying my patience.

>learning anything from pajeet dump imageboard
unlikely

Thank you OP. Happy new year to you aswell. All the best to you in the year and years to come.

they probably asked about bitcorn, few people are aware ether exists, let alone shitcoins.

everything is gonna be okay

this is a nice post. thank you nice post user.

Yeah but you really think your grandparents know about shit like monero or request network or all the shitcoins we hold?

they did a pool and iirc only 1 out of 5 millennials would invest in crypto, that's very little considering that normies are historically attracted by insane returns that bubbles provide, the real normie invasion will start somewhere in mid-late in 2018 when btc will hit 50k and eth 10k.,

pls rember that wen u feel scare or frigten
never forget ttimes wen u feeled happy
wen day is dark alway rember happy day

Just made my day. Thank you OP. Happy new year to you as well.

I like the positivity!

Early adopters are just arriving. If you got in before 2018 you can technically call your self an innovator.

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bought my mom 24 BTC early 2013. recently set up a $500 weekly deposit for her on coinbase since she lost her job and ran out of savings. she's jobless, broke, and doesn't even know what a bitcoin is lol

>Well the first days are the hardest days, don't you worry any more,
>'Cause when life looks like Easy Street, there is danger at your door.

Happ New Year faggots. Let's get this money.

I wish you all good luck. This has been an honor. ^_^

Go get that money

FUCK THAT GAY SHIT
discord.gg/shKH5bY
NEW PUMP AND DUMP GROUP, AIMS TO PUMP A NEW COIN EVERYDAY 6PM EST ONCE 5000 PEOPLE JOIN!!!!

I just wish I had more money to dump into something. I'm at $100 total which I only have because I had ~$6 in BTC from last year. I'm never gonna make it.

why are you not banned yet

Im quite new. Currently holding a small amount of ltc, eth and xrp.

Have i chosen poorly, and is there any cheap currency i should invest in as soon as i get the cash for it?

Why dont you just give the BTC to her?

I didnt make this thread to shill coins

be smart with your portfolio, be diversified, be patient, buy dips, sell bull runs.

Lindy Rule for all non-blue chip coins.

PnDs end after ~3 days, so if you see threads for the same coin week after week, more than likely there's something there.

dont get frustrated if you sell too early or dont scoop the bottom tick of a dip perfectly

the more important thing to focus on is locking in profits.

Thanks, i asked since i saw you mention several different currencies but not a single one i've invested in.
Happy new years, this is our year!

Thanks, i'll just google all those words and learn something.

i think LTC, ETH, and XRP will all have a great year and I really mean this

Lindy Rule = things that have been around longer tend to last longer going forward. medium.com/incerto/an-expert-called-lindy-fdb30f146eaf

Blue chips = BTC/LTC/ETH/XRP. Comes from the stock market, where it referred to shares of the largest companies around (Coke, IBM, Apple, etc). That in turn stole the term from casinos.

PnD = pump and dump. The shitty coins nobody's heard of that are hyped on here.

Wholesome post

Cheers bretheren

What website do you use to keep track of fresh coins? And what website do you use to invest?

why ltc

I am naked

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I use GDAX, Bittrex, and Binance. I have also in the past used Poloniex. Very rarely I will use a random smaller exchange to get something if it the only place available like XRB on BitGrail for example.

Many people recommend Blockfolio (phone app) for tracking your trades and watching prices move.

I dont want to debate coins here
surely there are some bullish LTC arguments in this thread you can read

I hope everyone here has a good new year and I hope all of your bags take you to the moon. We are all going to make it one day.

I love Rember-chan, she's so cute and pure.

I want to [spoiler]hug[/spoiler] her

>mom's face when
? it's in a coinbase account that I set up for her. we're not cashing it all out, I instead set up coinbase to automatically sell $500-worth on a weekly basis and deposit it into her checking account

Thanks

It fills me with hope. I started one month ago and finally turned my $1000 into $2000 tonight. I've been discouraged because anons have 10x their investment in that same amount of time, but posts like this still bring me back to the reality that I doubled my money in a month with 0 physical work.

If I hit 10k by the end of Q1, I will write "I

dont rub your gains in his face
it will only make him salty and he will grow to resent you
best not to speak of them at all to him besides telling him you can help show him where to invest and such

Yeah, I wasn't really planning on it. I told him when I made my first $100 after 2 days so I already got a feel for the reaction. Nobody who isn't invested or planning to invest wants to hear about this shit.

But I will invite him to a party in my new house if I ever get that far.

bitcoin is already finished dude. it's over.

>I dont want to debate coins here
it's not a debate, i own a lot of litecoin but am thinking of selling it

if you say so

These pics are so good, I've been staring for like 10 minutes. In the future historians will look back and see that this was the only worthwhile art from our time period, because it at least tries to be beautiful and evoke emotion.

post more

you picture is very beautiful too user

>we are still the early adopters

Implying that there is a future for crypto. alt coins are the most disgusting penny stocks. You are buying a token in a vaporware company, this isn't even Dotcom boom because at least there were some good dot com companies.

The big problem I see is that so many people are buying alts on btc exchanges. If the price of BTC collapses then you're all SOL trying to get your money out of the market since you can't sell to FIAT directly.

>Early adopters are just arriving. If you got in before 2018 you can technically call your self an innovator.

thinks bag holders are early adapters.

>they did a pool and iirc only 1 out of 5 millennials would invest in crypto,

crytpo is a poor man's stock market. You are getting a worthless token issues by a start-up. It's not even a share of equity (of future profits), has no voting rights, nor the full-disclosure of a IPO. For this reason, no sane person will invest in this scam.

BTC won't hit 50k, it'll probably collapse, soon once the whales stop pumping it up.

only 12 minutes into 2018 and youre already so bitter user

cheer up

theres nothing wrong with putting some of your play money into crypto. I also trade stocks and visit robinhood general thread often. I do lament how Veeky Forums has changed in the past year though. There really used to be a crypto currency general thread and all the discussion was in one easy to find place. We cant go back to that anymore though

>theres nothing wrong with putting some of your play money into crypto.

IMO, when people were investing in the blue chips last month, that was true, because in the case of a crash, you could withdraw to FIAT directly and Coinbase and Gemini are both FDIC insured.

But now people are investing in the shittiest penny stock listed on crypto-crypto exchanges. If the crypto market collapses, then you're going to SOL because the network won't be able to handle all the people trying to send their funds back to a fiat exchange to cash out. By the time the funds get transferred, they might as well be 0.

As for investing in crypto, most of the people buying these companies have no clue have to do proper due diligence, nor do they care. It's all about buying whichever shitcoin hits media attention and moons. The fact that people don't even care that these coins are being pumped and dumped, it's totally shocking. People don't realize that all these shitcoins are vaporware and no one will have long-term faith in a market where they are the bag holders. This is shit is has no long-term future.

perhaps

perhaps

super comfy thread OP, thanks again

You have my respect. So many no-coiners have sat on the sidelines saying "I can't even afford one" and invest nothing as if they have no other choice. Meanwhile anons like you take the initiative to invest $6, only a fraction of a coin, and here today your investment is many times worth what it was then. You have already made it, user. You have already made it.
Let's keep it going. We're still a long way till the great blue yonder. Let's relax and cruise on up there together. Happy New Year, 2018.

... as for more funds (if no job....) consider selling some of your unwanted items on craigslist or eBay.

and like I said, people aren't buying equity in a company, they are buying a token, a Pokemon card, from the company. If the company is actually successful, they can have an IPO and your cryptotoken will be worth absolutely nothing.

The company can release a new token whenever they want.

The only reason it was "safe" to invest in BTC/LTC was because they were real mediums of exchange, real currencies. But all these shitcoins are not currency but stock, equityless stock. Once people realize what they've actually bought, they'll be shocked. No long-term future.

Are people still thinking this is all a scam?
There is value in the block chain, just the fact the people use it for speculation only is enough for it to have value. Block chain isn't even about currency anymore, it's about shit like smart contracts.

That was quite moving but the $6 was just leftover change from when I was really into buying shitloads of RCs from the clearnet. I am broke and practically jobless now though.

Blockfolio is the best one for tracking, also allows you to do some nice LARPing when you're just curious about a coin

As exchanges, I'm using Binance and Poloniex

>smart contracts.
vaporware for suckers that can't do due diligence

>Block chain isn't even about currency anymore,

Exactly, people are buying digital tokens, pokemon cards, equity less stock in projects they like. It's worse than a kickstarter because with a kickstarter, they promise something in return for your money. Here your only gain is a continual increase in token price, and the founders can cash out and leave you with nothing.

Happy New Year, user! I came home to spend it with you guys, when I could be anywhere in the world. Next year, I will. But this one is for you.

We're gonna make it!

ICOs definitely challenge a lot of unspoken assumptions and legacy protections people have kept around just because.

So yeah, you'll get scams like XVG You'll also get things like REQ where the owners use the tokens as their equity, selling off bits as they need capital, building a legitimate business. They have skin in the game, which can be a much more useful thing to you as an investor than, say, a bit of data in a database saying you own 1 share of GM.

>As for investing in crypto, most of the people buying these companies have no clue have to do proper due diligence, nor do they care
so, just like during dot-com bubble. i don't deny it's a bubble, but there is no telling when it happens, it might go for years or even decades, entire crypto market is so slow it could be bought up by bill gates entirely.
but one thing is certain, it will eventually recover after crash, so best thing to do is to not get greedy and secure your gains, not to permanently move it to other assets, but to be able to buy when blood runs on the streets.

theres money to be made trading crypto thats all there is to it
these same rules (pic related) that apply to your stock trading apply exactly the same to the crypto charts

and the extreme volatility is fun!

Happy New Year skychan

>but there is no telling when it happens
the pop
>is so slow
i meant that it's worth so low

Get all money lads

Dude I miss the days of 5% returns on the S&P too, but the world changes. Bitcoin survived Mt gox, 99 crashes, forks, 51% attacks, chinese bans.

It's here to stay

>ICOs definitely challenge a lot of unspoken assumptions and legacy protections people have kept around just because.

What? JUST BECAUSE? No real investors, not wannabe investors on reddit & Veeky Forums, want to know things like the balance sheet of a firm, the business modal or plan, the background information on the executive team, and so on. This is necessary to make a good, well-informed decisions. Smart people don't just invest based on which company makes it to the top of a subreddit multiple times a week. Mania investing will work in the short-run, until people realize they are bag holders and then it'l crash. These legacy protections are necessarily to have a sustainable model. (and while there are issues with IPOs and too much govt regulation, ICOs have the exact opposite problem).

>REQ where the owners use the tokens as their equity, selling off bits as they need capital, building a legitimate business.

You are still not understanding. In a IPO, too get ownership in that firm. If they go bankrupt, you might get money back. If you own a lot, you might have decision making ability. If the company issues dividends, you will be willing to keep their stock long-term.

With ICOs, they can dump their coin and you will be left with a worthless digital key. Because they have no obligation to pay dividends, you have no inventive to hold the coin past the growth phase, so every rational investor will dump every coin once they peak to go into a new growth coin. It's a model that isn't long-term viable.

>we are still the early adopters
>The vast majority of people around you do not own one single satoshi.
>Remember that.
>Here's to more gains in 2018

Looking forward to taking some profits in the new year. I don't care if any of these coins or tokens ever get used to buy a product or access a service.. if I can buy them lower now and sell them higher later, that will be good enough for me.

>so, just like during dot-com bubble. i

Worse because 1) the internet was a revolutionary technology, 2) people got equity in good firms, like Amazon or eBay. 3) some of those firms survived the dot com crash.

>i don't deny it's a bubble, but there is no telling when it happens,

We're already at that point. the blue chips made massive gains last year and now they are struggling to stay alive, slowing decreasing each day, only pumping pumped up by whales. People are moving into alts to make to make the same gains in a few days as people made In months in the blue chips. These are huge red flags.

>So best thing to do is to not get greedy and secure your gains

which no one wants to do because they don't know when the bubble will pop so they will be as greedy as possible. Like I said, not that people are on crypto-crypto exchanges with no FDIC protection, they'll be fucked in a crash.

Smart money here, good advice

>With ICOs, they can dump their coin and you will be left with a worthless digital key

the thing that makes crypto (proper crypto) different from stocks is its *decentralized*

It doesnt matter that Charlie Lee sold all his litecoins, the system is decentralized. Control comes from mining power, not a CEO. Satoshi has been MIA for years now and bitcoin is still truckin

>the thing that makes crypto (proper crypto) different from stocks is its *decentralized*

I'm talking about the shitcoins people are shilling. Most, if not all of them, are just blockchain projects and people are treating the ICO, as an IPO.

LTC and BTC are different in that people actually want to use them for currency. With that said there are massive problems with that, which I don't want to get into right now. Charlie Lee selling all his coins should tell you everything you need to know.

Love comfy threads like this OP. I started a month ago with $2,000 and I've got $5,000 now. $100k EOY 2018 might be a tad unrealistic but I'm gonna hope for it anyway.

>These legacy protections are necessarily to have a sustainable model. (and while there are issues with IPOs and too much govt regulation, ICOs have the exact opposite problem).

Why is it *exactly* opposite? I mean, rhetorically we like symmetry. It's good, convenient, makes a snappy point. But have you actually listed out the pros and cons for ICO vs. IPO?

You should. And weigh each pro and con for a handful of shitcoins and legit ICOs (your picks).

>Ownership claims

The ownership for ICOs can be decentralized into the tokens. Then, just as owners can bail on a project, miners can fork it if the owners fuck up. Was Dogecoin a meme? The original scam ICO? What happened to it?

Happy New Year!

But anons, am I really cucked because I've only just now realized the value of crypto? I was pretty excited at the possibilities, but I'm a little concerned I might be wasting time. I was planning on investing $50 into ETH

At work me and one other guy talk Crypto , one bitch likes to lecture us about our " gambling" , one smartass coworker let us know how unrealistic it was that we'd really make money,

It reminds me of the Warren Buffet quote " Be Greedy when others are fearful and fearful when others are greedy "

>1) the internet was a revolutionary technology
yeah and people like you denied it's revolutionary, especially in very early days. crypto is not even 10 years old, when internet was 10 years old in 1993 few people had faith in it, but some like andreas antonopolous(don't care how it's spelled) did and now they have faith in crypto.
>2) people got equity in good firms, like Amazon or eBay
yeah nah, people bought dog shit. likea site that would sell chocolate and that's it, it was completely irrational.
>3) some of those firms survived the dot com crash.
there gonna be crypto that will survive, like ethereum, of course they gonna be down, but will recover eventually like amazon did.
>and now they are struggling to stay alive
looks pretty lively from here, ethere is close to ATH for example.
are you a fiat marine by chance?
> People are moving into alts to make to make the same gains in a few days as people made In months in the blue chips. These are huge red flags.
this has happened for year now, btc was down, alts rising, btc up, alts down. it's the same fucking shit.

>Charlie Lee selling all his coins should tell you everything you need to know.
What is that supposed to tell me?

Happy New Years user. Your words are true. We are all going to make it as long as everyone just holds and doesnt invest into PND shitcoins.