However, never confuse brains with a bull market. Up over 120% this week. lol
Sometimes it is better to lose money. You at least get some sleep!!!!
Sometimes it is better to lose money. You at least get some sleep!!!!
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I clearly picked the right time to develop a crypto trading strategy :)
- Thread starter tanstaafl72555
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OP
XBT/BTC will be over100,000 dollars within 3 years, if not sooner. There is a veritable TSUNAMI of money about to come into this tiny little 200 Billion market cap instrument. Everyone is talking about its utility as money, but that is only the surface. This thing is going to make the changes the internet wrought look like incidental trivia.
OP
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I logged into paypal today and was reminded that the first crypto transaction was for 2 pizzas and it was for 10,000 bitcoin. at their peak value, that was almost $200,000,000 worth of coin.
OP
yah, and TODAY about 2 oclock it would have been worth almost 140 million. It sold off though, and now they would only be worth 130 million. My guess is they will be worth a billion within 3 years.
I do not get why anyone would want to ever use bitcoin. It is insured by your hard drive and only works if you have an internet connection. In an economic melt down, the last thing I'm betting on is being able to utilize crypto currency.
OP
coinbase.com is the easiest to get started
OP
If I did not understand it any better than that I would stick with seashells on a chain or pretty rocks. It is probably too tough for you. It is not for everyone. Most of what I have is offline and on paper, btw.
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Be warned though, coin base is considered a US based financial company and is such subject to things like verifying your identity and reporting your gains to Uncle Sugar. They used to let you buy cryptoâs with a CC but that may have changed. While it conveys more risk, using an overseas exchange has some advantages.
OP
Most serious crypto people view Coinbase as an extension of the IRS. Also, the fees are high if you want to actively trade. There are other exchanges that are better than them for when you get grounded. I like Kraken, Yobit, Binance.com, Kucoin. There are hundreds of them with various degrees of security and fee structure. This stuff is the wild wild west, though. Some exchanges are too risky for me.
Another easy exchange to use here in the US is bitstamp higher fees and US based.
Binance.us is ok if you don't live in NC, and Kraken will take US accounts.... plus it is the first exchange to be chartered in the US as a bank. In 5-10 years, the crypto technology will do to banks what email and scanners have done to the fax machine.
Most people who are serious traders just use a vpn and go with kucoin or binance.com. They "don't accept" US citizens, but they don't ask all the KYC questions if you keep your daily activity withdrawals under $25K.
For a person who just says... "i want to buy some bitcoin or ether and put it away" you should just go onto coinbase (it is simple), buy it, and withdraw it to a paper wallet with multiple secure locations. This is only dependent on the internet because of the cryptology base. You CAN simply write down the keys. I did.
OP
ADA is a winner.I'm sitting on a pile of crypto from about three years ago, waiting for it to be worth more than what I paid for it.
If ADA ever takes off, I'll be a rich man!
Root hodlings are BTC and ETH. I trade the swings on those, and buy ADA, DOT, DASH, XLM, ATOM, ONT, VET with whaever I scalp on the trades. It has been a long time since I have seen such vega in instruments.... every day. This is a trader's dream. It is ALWAYS moving somewhere.
on the "rising tide lifts all boats" front
PayPal in Talks to Buy Crypto Firms Including BitGo
PayPal Holdings Inc. is exploring acquisitions of cryptocurrency companies including Bitcoin custodian BitGo Inc., according to people familiar with the matter, a move that would expand its embrace of digital coins.
www.bloomberg.com
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OP
Below is a log scale chart on BTC (if you are on the Kraken exchange, it is called XBT)
If anyone has a desire to get your toe wet in this thing, please PM me. I will be more than happy to walk you through setting up an account and showing you how to get started. Free of charge, of course
www.tradingview.com
If anyone has a desire to get your toe wet in this thing, please PM me. I will be more than happy to walk you through setting up an account and showing you how to get started. Free of charge, of course
Bitcoin: A Long Term Market Analysis - Full Market Cycle Outlook for BNC:BLX by XForceGlobal
Here we dissect the past, current, and potential future growth of Bitcoin. I am uploading this chart because there seems to be an influx of charts predicting that Bitcoin is going straight to $100,000 by EOY, which is viable, but absolutely low in probability. This chart is showing a possible...
www.tradingview.com
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Hey @tanstaafl72555 You'll appreciate this one: https://arstechnica.com/information...ion-from-a-bitcoin-wallet-dormant-since-2015/