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knuckles862 wrote:I plan toI still hate myself for not buying bitcoin 3 years ago when a coworker adamantly told me to it was like 30 bucks then and I was single at the time with no kids and had plenty money now I have 2 kids and a wife
Da_Mane_Man wrote:j4remi wrote:earthmansurfer wrote:I was pm’d about ICON and I think it is the next NEO for all intensive purposes, so I’d like to share what I have. I have studied and lived this space since early 2013, so take that for what it is worth.
For any of you wanting more information about ICON, here is a start:
Follow that youtube channel previously mentioned - yeah he drinks beer every episode (lol), but he also travels to conferences and speaks with people close to the team. He does his DD for sure. (Also, just do youtube searchers on it, MANY people are wise to it now, no longer a secret.)
Keep up on ICON’s Reddit, this is the main one. https://www.reddit.com/r/icon/ You can ask questions there and often get good responses.
Nice article here: https://thebitcoin.pub/t/icon-icx-roundup-important-facts/17644
Very nice info here: http://spec-rationality.com/icon/
This is how their delegation system works - http://icon.support/icon-dpos-delegated-proof-of-stack-incentive-explained/
I do expect this “platform” to hit $50 to $100 this year. The owner of ICON also owns the number 2 largest S. Korean exchange, Coinone. The main net goes live on the 24th of this month, and will be trading on Coinone around then.
ICON had some real hype thrown my way from some heads that tipped me on Ripple when it was just over 20 cents a pop. I didn't do any research yet though, so many thanks for the links and info fam!
Where would you store ICON? I'm looking at the Ledger Nano S and it doesn't support it.
Knicksfan1992 wrote:E-Balla wrote:SH0KASE wrote:Very interesting stuff in this thread too bad im too lazy to do any research. will regret it later lol.
Get a Binance account once they unlock account creation, buy POE (po.et) and TRX (Tron). Profit. My boy brought Tron last week at 3 cent and it was at 12 cent when he told me to buy in yesterday. Its at 20 cent now. Po.et was at 8 cent when I got in last month and now its at 16 cent.
Bro Is this why when I keep trying to make an account it says registration paused? Do you know when they will open it?
reub wrote:To anyone thinking of buying crypto. Whatever you do, do not lose or forget your private security key or your entire investment is gone.
Im Coming Home wrote:I just don't see how it works anymore, I've never seen anywhere aside from Bitcoin used as an acceptable payment source.. so unless you buy bitcoin in the past I don't see how these other random cryptocurrency can make you a profit? Unless you get another that is as popular or blows up like bitcoin?
earthmansurfer wrote:Knicksfan1992 wrote:E-Balla wrote:Get a Binance account once they unlock account creation, buy POE (po.et) and TRX (Tron). Profit. My boy brought Tron last week at 3 cent and it was at 12 cent when he told me to buy in yesterday. Its at 20 cent now. Po.et was at 8 cent when I got in last month and now its at 16 cent.
Bro Is this why when I keep trying to make an account it says registration paused? Do you know when they will open it?
My suggestion is to open up as many accounts in smaller exchanges as you can as this "pausing" trend is going to continue. The space is absolutely overwhelmed.
Worth mentioning, the alt explosion appears retail driven. When the larger money starts getting in (if it does anyway), it will get more interesting. At some point this year you are going to see the crappier alts crash hard, so be very careful. I hear good things about Kucoin, but am unsure of their selection. Small and upcoming exchange. https://www.kucoin.com/#/
As another poster said, Verge is not a good anonymous coin. It runs just over TOR. Be careful that just because something is going up, that it is worthy of its price. Many Pets.com's are on the horizon.
earthmansurfer wrote:Im Coming Home wrote:I just don't see how it works anymore, I've never seen anywhere aside from Bitcoin used as an acceptable payment source.. so unless you buy bitcoin in the past I don't see how these other random cryptocurrency can make you a profit? Unless you get another that is as popular or blows up like bitcoin?
I wouldn't look at crypto (which has a huge variety of tech) as an "investment". Thus far, yeah, that catches everyones eye. Look back at my post describing a bit of what this is.
At the most basic level, think of Bitcoin as an internet protocol. We have an internet that is somewhat free but payment methods are completely controlled. e.g. Visa, paypal, AE, etc. Now, imagine removing central control of the FIAT function and making it into a protocol. This is mind boggling when you look further out.
When you look at crypto, you are looking at a variety of "tokens":
1. Currency - Bitcoin, Litecoin, Pivx, etc. (OMG is an interesting play here - banking the unbanked and unbanking the banked - chew on that.)
2. Store of value - any of crypto that is relatively lower in supply. Though, that is relative
3. Programmable platforms - Imagine your OS having no real company behind it and being decentralized and everywhere. e.g. - Ethereum, Neo, Icon, etc.
4. Lower level programs - This is newer. Really only EOS comes to mind. It is a bit lower than something like in #3. It is much more like an operating system, but with built in functionality to build upon. Think of backup functionality not having to be rewritten as a function.
5. Interfaces with current systems - maybe not long term viability, but thinks like tenx and paytoken, allowing you to use crypto via a Visa card. I don't see this being a long term thing, but an intermediary.
6. Ownership ledgers - Mostly via Bitcoins blockchain on the back end and software on the front end, you can e.g. assign ownership of homes, cars, etc. instead of relying on companies, centralized databases, papers, etc. This is already happening in some countries. An immutable database has vast value here.
7. This list can go on for quite a while. This is like the internet in the mid 90's. It is a baby that is just starting and if you think of this as just money or the like, that would be akin to saying the internet was just for email and buying books in the 90's.
The world is going to VASTLY change because of this tech. And FIAT money finally has some competition (which is great for everyone). Grab your popcorn, some crypto and enjoy the show.
RHODEY wrote:earthmansurfer wrote:Im Coming Home wrote:I just don't see how it works anymore, I've never seen anywhere aside from Bitcoin used as an acceptable payment source.. so unless you buy bitcoin in the past I don't see how these other random cryptocurrency can make you a profit? Unless you get another that is as popular or blows up like bitcoin?
I wouldn't look at crypto (which has a huge variety of tech) as an "investment". Thus far, yeah, that catches everyones eye. Look back at my post describing a bit of what this is.
At the most basic level, think of Bitcoin as an internet protocol. We have an internet that is somewhat free but payment methods are completely controlled. e.g. Visa, paypal, AE, etc. Now, imagine removing central control of the FIAT function and making it into a protocol. This is mind boggling when you look further out.
When you look at crypto, you are looking at a variety of "tokens":
1. Currency - Bitcoin, Litecoin, Pivx, etc. (OMG is an interesting play here - banking the unbanked and unbanking the banked - chew on that.)
2. Store of value - any of crypto that is relatively lower in supply. Though, that is relative
3. Programmable platforms - Imagine your OS having no real company behind it and being decentralized and everywhere. e.g. - Ethereum, Neo, Icon, etc.
4. Lower level programs - This is newer. Really only EOS comes to mind. It is a bit lower than something like in #3. It is much more like an operating system, but with built in functionality to build upon. Think of backup functionality not having to be rewritten as a function.
5. Interfaces with current systems - maybe not long term viability, but thinks like tenx and paytoken, allowing you to use crypto via a Visa card. I don't see this being a long term thing, but an intermediary.
6. Ownership ledgers - Mostly via Bitcoins blockchain on the back end and software on the front end, you can e.g. assign ownership of homes, cars, etc. instead of relying on companies, centralized databases, papers, etc. This is already happening in some countries. An immutable database has vast value here.
7. This list can go on for quite a while. This is like the internet in the mid 90's. It is a baby that is just starting and if you think of this as just money or the like, that would be akin to saying the internet was just for email and buying books in the 90's.
The world is going to VASTLY change because of this tech. And FIAT money finally has some competition (which is great for everyone). Grab your popcorn, some crypto and enjoy the show.
Excellent post! I believe the internet of things (IOT) would fit under#1. I am betting big in this sandbox...as it is protected to explode soon....
earthmansurfer wrote:reub wrote:To anyone thinking of buying crypto. Whatever you do, do not lose or forget your private security key or your entire investment is gone.
Nice.
Well said and worth repeating.
Stay SAFE with Crypto
1. Get a Trezor or Ledger and back up your recovery seeds. Keep one at your parents house or the like (in case of fire).
2. Bookmark all links you use and don't do searches as a normal way of going to sites you frequent (fishing attempts).
3. Use a password manager (with long passwords) on exchanges
4. Use Google 2 factor authentication on exchanges and where ever you can. Back up the seed should you lose your phone. (Avoids delays.)
5. Be careful of scam ICO's and coins. Do your DD. We are close to entering something that you will not believe. We will make it through the bubble but there will be man casualties. The Crypto market cap is 3/4 of a billion. We are hitting 1 trillion in the next month or two and then I expect trillions over time. With LOTS OF VOLATILITY. Buy and hold the winners.
6. Do not open email links regarding crypto. Always use your bookmarked links and even then be careful of fishing attacks.
7. These are not stocks, don't treat them as such. You are managing your money (hopefully, and not keeping them on exchanges), so you become the bank. You are now the target.
8. Backup your data multiple times and on different types of media.
9. Use paper wallets if you can't get a Ledger/Trezor or if your coin doesn't have a good wallet. Multiple backups.
Feel free to add to this safety list.
reub wrote:earthmansurfer wrote:reub wrote:To anyone thinking of buying crypto. Whatever you do, do not lose or forget your private security key or your entire investment is gone.
Nice.
Well said and worth repeating.
Stay SAFE with Crypto
1. Get a Trezor or Ledger and back up your recovery seeds. Keep one at your parents house or the like (in case of fire).
2. Bookmark all links you use and don't do searches as a normal way of going to sites you frequent (fishing attempts).
3. Use a password manager (with long passwords) on exchanges
4. Use Google 2 factor authentication on exchanges and where ever you can. Back up the seed should you lose your phone. (Avoids delays.)
5. Be careful of scam ICO's and coins. Do your DD. We are close to entering something that you will not believe. We will make it through the bubble but there will be man casualties. The Crypto market cap is 3/4 of a billion. We are hitting 1 trillion in the next month or two and then I expect trillions over time. With LOTS OF VOLATILITY. Buy and hold the winners.
6. Do not open email links regarding crypto. Always use your bookmarked links and even then be careful of fishing attacks.
7. These are not stocks, don't treat them as such. You are managing your money (hopefully, and not keeping them on exchanges), so you become the bank. You are now the target.
8. Backup your data multiple times and on different types of media.
9. Use paper wallets if you can't get a Ledger/Trezor or if your coin doesn't have a good wallet. Multiple backups.
Feel free to add to this safety list.
People have literally lost millions by losing their private security keys.
I've lost hundreds myself. A little over four years ago someone online was promoting bitcoin and gave me (and others) .05 of a bitcoin, worth maybe $15 back then. It was a joke to me and I didn't understand how important it was to keep all of your passwords and especially your private security key. Well, it's now worth over $900 but it's lost forever because I didn't keep this information. Beware!
earthmansurfer wrote:reub wrote:To anyone thinking of buying crypto. Whatever you do, do not lose or forget your private security key or your entire investment is gone.
Nice.
Well said and worth repeating.
Stay SAFE with Crypto
1. Get a Trezor or Ledger and back up your recovery seeds. Keep one at your parents house or the like (in case of fire).
2. Bookmark all links you use and don't do searches as a normal way of going to sites you frequent (fishing attempts).
3. Use a password manager (with long passwords) on exchanges
4. Use Google 2 factor authentication on exchanges and where ever you can. Back up the seed should you lose your phone. (Avoids delays.)
5. Be careful of scam ICO's and coins. Do your DD. We are close to entering something that you will not believe. We will make it through the bubble but there will be man casualties. The Crypto market cap is 3/4 of a billion. We are hitting 1 trillion in the next month or two and then I expect trillions over time. With LOTS OF VOLATILITY. Buy and hold the winners.
6. Do not open email links regarding crypto. Always use your bookmarked links and even then be careful of fishing attacks.
7. These are not stocks, don't treat them as such. You are managing your money (hopefully, and not keeping them on exchanges), so you become the bank. You are now the target.
8. Backup your data multiple times and on different types of media.
9. Use paper wallets if you can't get a Ledger/Trezor or if your coin doesn't have a good wallet. Multiple backups.
Feel free to add to this safety list.