ImageImageImageImageImage

OT any of you investing in Cryptocurrencies?

Moderators: Deeeez Knicks, mpharris36, j4remi, NoLayupRule, HerSports85, GONYK, Jeff Van Gully, dakomish23

User avatar
Garbagelo
Analyst
Posts: 3,131
And1: 3,761
Joined: Jul 17, 2015

Re: OT any of you investing in Crypto? 

Post#141 » by Garbagelo » Sat Jan 6, 2018 4:00 am

Da_Mane_Man wrote:
ITGM wrote:Tax reform = Year of the privacy coin.


VERGE (XVG) BABY!



Read on Twitter


that has already been proven to be false

Wraith protocol works
User avatar
Garbagelo
Analyst
Posts: 3,131
And1: 3,761
Joined: Jul 17, 2015

Re: OT any of you investing in Crypto? 

Post#142 » by Garbagelo » Sat Jan 6, 2018 4:03 am

Da_Mane_Man wrote:So i've been researching HEAVY this past week and I can feel my knowledge getting stronger.

I found this article VERY interesting. Would like to know what you guys think about it.

https://www.coindesk.com/blockchain-token-velocity-problem/


coindesk is not research, it is nothing but paid for propaganda

get telegram and get into a cryptocurrency discussion group
User avatar
Little Italia
Assistant Coach
Posts: 4,273
And1: 1,134
Joined: Jun 30, 2008
Location: Your house, rent free.
     

Re: OT any of you investing in Crypto? 

Post#143 » by Little Italia » Sat Jan 6, 2018 4:48 am

I go on Reddit and join the crypto subs.

Sent from my SM-G955U using RealGM mobile app
Image

"New York Knicks will never win a championship with James Dolan at the helm. Off with his head!!"




WELCOME TO MEDIOCRE HELL
User avatar
robillionaire
RealGM
Posts: 40,058
And1: 57,561
Joined: Jul 12, 2015
Location: Asheville
     

Re: OT any of you investing in Crypto? 

Post#144 » by robillionaire » Sat Jan 6, 2018 5:02 am

25% in ether 15% in BTC 15% in LTC and I gamble with the other 50%. Plz buy Cardano
earthmansurfer
Lead Assistant
Posts: 5,842
And1: 839
Joined: Apr 13, 2006

Re: OT any of you investing in Crypto? 

Post#145 » by earthmansurfer » Sat Jan 6, 2018 10:18 am

Da_Mane_Man 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.


I've been thinking about this today in relation to the whole crypto scene. Being that I've spent hours researching wallets and storing coins safely, I realize just how complicated it is for the casual person. In America, I don't think people distrust banks. When is the last time you worried about your money being in a bank? I know I never do. I actually trust the bank more than I trust myself to hold a piece of paper that has my life savings on it. I think I would always be freaking out if I had that kind of responsibility. I'd rather trust the bank.

Now, I understand that there are countries where the government and big institutions are less trustworthy, but America is a pretty big market. I think there's a chance that crypto never achieves mass adoption here if the security aspect doesn't improve. And I don't see how it ever can because at the end of the day, the whole point of crypto is that you are the bank. I don't want that responsibility.


I don't disagree, most people don't distrust banks. But most people don't understand banking. This guy understood:
"“I believe that banking institutions are more dangerous to our liberties than standing armies.”
― Thomas Jefferson"
I wonder what Jefferson saw. :wink:

We are very very early in the crypto game. Many of you on this thread are early adopters and a few I see are the innovators. This is the year it starts going mainstream.

You guys who were around in the 90's, do you remember those AOL cd's that were everywhere? I do and I didn't get it. I was a computer expert and didn't know why anyone would need a cd to connect to the internet, you just had to fill out a form on some software. But, most people are not experts, as you have implied. So my point...

The risk to rewards are high for a reason. We are not exactly ready for mainstream, not interface wise nor is the tech. (i.e. Most people can't manage their own crypto - they will leave it on an exchange and most cryptos can't handle the transaction throughput.)
earthmansurfer
Lead Assistant
Posts: 5,842
And1: 839
Joined: Apr 13, 2006

Re: OT any of you investing in Crypto? 

Post#146 » by earthmansurfer » Sat Jan 6, 2018 10:33 am

Garbagelo wrote:
Da_Mane_Man wrote:
ITGM wrote:Tax reform = Year of the privacy coin.


VERGE (XVG) BABY!



Read on Twitter


that has already been proven to be false

Wraith protocol works


From what I can gather, Verge is basically an older version/fork of Bitcoin (more similar to Doge) that is running over Tor. You can do that with any crypto from your desktop or phone.

Wraith allows your tx's to be public or private. But it is just stealth addresses, rebranded.
Verge is a combination of IP obfuscation (via TOR) and stealth addresses.
https://www.mycryptopedia.com/everything-need-know-stealth-addresses/


I just don't see Verge being anywhere near in the same category as Monero, Pivx, Zcoin, etc. Fine for an average user, but it is no where near the same tech as the true anonymous coins.
Peoples lives can be at stake (in certain countries) with anonymous cryptos and I see Verge as dangerous in this regard.
So, what did I miss, why is Verge so good?
earthmansurfer
Lead Assistant
Posts: 5,842
And1: 839
Joined: Apr 13, 2006

Re: OT any of you investing in Crypto? 

Post#147 » by earthmansurfer » Sat Jan 6, 2018 4:40 pm

Knickstape1214 wrote:DENT might be an interesting one to watch. Selling phone data for travel overseas, already has an iOS app, and has an android app coming out shortly (which apparently is the main target).


I looked into this one and I will agree with you. Might be a hidden gem. Currently #48 on coinmarketcap, so not on a lot of peoples radar. Roughly 8 cents per but 10 billion of the 100 billion in supply. But this is a use token, so I don't let that alone scare me off.

"We are disrupting the mobile operator industry by creating an open marketplace for buying and selling of mobile data"
https://www.dentwireless.com/

This is a beautiful example of disruption. Just as Bitcoin is creating competition in the banking system, Dent is going to create much needed mobile data competition. I am not sure it is 5 or 10 year play though, unless they innovate long term, but for the next few years, I can see this coin saving people money and having a real use case.

Looks like Apple approved their app around a week ago.

You guys might want to look into this one. I have heard it mentioned from some respectable Crypto people. Short video from someone I don't follow, but short and relatively to the point.

bigfnjoe96
General Manager
Posts: 7,912
And1: 3,948
Joined: Jul 02, 2009
       

Re: RE: Re: OT any of you investing in Crypto? 

Post#148 » by bigfnjoe96 » Sat Jan 6, 2018 6:37 pm

earthmansurfer wrote:
Knickstape1214 wrote:DENT might be an interesting one to watch. Selling phone data for travel overseas, already has an iOS app, and has an android app coming out shortly (which apparently is the main target).


I looked into this one and I will agree with you. Might be a hidden gem. Currently #48 on coinmarketcap, so not on a lot of peoples radar. Roughly 8 cents per but 10 billion of the 100 billion in supply. But this is a use token, so I don't let that alone scare me off.

"We are disrupting the mobile operator industry by creating an open marketplace for buying and selling of mobile data"
https://www.dentwireless.com/

This is a beautiful example of disruption. Just as Bitcoin is creating competition in the banking system, Dent is going to create much needed mobile data competition. I am not sure it is 5 or 10 year play though, unless they innovate long term, but for the next few years, I can see this coin saving people money and having a real use case.

Looks like Apple approved their app around a week ago.

You guys might want to look into this one. I have heard it mentioned from some respectable Crypto people. Short video from someone I don't follow, but short and relatively to the point.

This and Raiblocks look promising.. waiting for coin base to authenticate my ID so i can jump in.

Sent from my Nexus 6 using Tapatalk
Image
User avatar
robillionaire
RealGM
Posts: 40,058
And1: 57,561
Joined: Jul 12, 2015
Location: Asheville
     

Re: OT any of you investing in Crypto? 

Post#149 » by robillionaire » Sat Jan 6, 2018 7:06 pm

earthmansurfer wrote:
Garbagelo wrote:
Da_Mane_Man wrote:
Read on Twitter


that has already been proven to be false

Wraith protocol works


From what I can gather, Verge is basically an older version/fork of Bitcoin (more similar to Doge)


it's a doge fork, dogecoindark, they changed the name to verge and then mcafee hype on twitter blew it up. i dunno how i feel about banking on a memecoin fork but who knows it might do something
User avatar
RHODEY
RealGM
Posts: 25,228
And1: 22,746
Joined: May 18, 2007
Location: Straight out of a comic book

Re: OT any of you investing in Crypto? 

Post#150 » by RHODEY » Sat Jan 6, 2018 7:10 pm

earthmansurfer wrote:
Garbagelo wrote:
Da_Mane_Man wrote:
Read on Twitter


that has already been proven to be false

Wraith protocol works


From what I can gather, Verge is basically an older version/fork of Bitcoin (more similar to Doge) that is running over Tor. You can do that with any crypto from your desktop or phone.

Wraith allows your tx's to be public or private. But it is just stealth addresses, rebranded.
Verge is a combination of IP obfuscation (via TOR) and stealth addresses.
https://www.mycryptopedia.com/everything-need-know-stealth-addresses/


I just don't see Verge being anywhere near in the same category as Monero, Pivx, Zcoin, etc. Fine for an average user, but it is no where near the same tech as the true anonymous coins.
Peoples lives can be at stake (in certain countries) with anonymous cryptos and I see Verge as dangerous in this regard.
So, what did I miss, why is Verge so good?

Agreed Verge is riding on Hype....NAV on the other hand is under hyped and undervalued IMO.
User avatar
Manhattan Project
Retired Mod
Retired Mod
Posts: 39,528
And1: 8,221
Joined: Feb 23, 2005
Location: The game ain't in me no more. None of it.

Re: OT any of you investing in Crypto? 

Post#151 » by Manhattan Project » Sat Jan 6, 2018 7:58 pm

Thinking about finally investing in some things, I like the potential of "Penny Stocks" because well I'm a gambler. Thinking about using a few hundred dollars and just spreading it around. I don't mind losing a few hundred dollars in case they all belly up. Some of the names I'm looking at, but I'm by no means sure about any of them. I gotta do some more research before actually putting some money in.

Dent
Cardano
Stellar
Tron
Siacoin
Kin
Nem
Jazz: Under reconstruction, we'll be back.
C- Maluach l Jackson l Hayes
PF- Okongwu l Newell l Salaun
SF- Wiggins l Bryant l McNeeley
SG- Thomas l Sexton l Okogie
PG- Murray l Collier l Dillingham
User avatar
RHODEY
RealGM
Posts: 25,228
And1: 22,746
Joined: May 18, 2007
Location: Straight out of a comic book

Re: OT any of you investing in Crypto? 

Post#152 » by RHODEY » Sat Jan 6, 2018 9:37 pm

Manhattan Project wrote:Thinking about finally investing in some things, I like the potential of "Penny Stocks" because well I'm a gambler. Thinking about using a few hundred dollars and just spreading it around. I don't mind losing a few hundred dollars in case they all belly up. Some of the names I'm looking at, but I'm by no means sure about any of them. I gotta do some more research before actually putting some money in.

Dent
Cardano
Stellar
Tron
Siacoin
Kin
Nem


Those are all solid picks if you ask me. If you're real gambler consider looking into the small caps and icos...bigger risks but also bigger rewards. Ill use VIBE as an example. It's gone 40x from the ico price with plenty room to grow...
NBA Fan 1234
RealGM
Posts: 48,653
And1: 28,365
Joined: Jul 16, 2009

Re: OT any of you investing in Crypto? 

Post#153 » by NBA Fan 1234 » Sat Jan 6, 2018 11:21 pm

How many items do y'all have in your portfolio? How many is "too many?"

@MP, do a little research on VEN. Could interest you.
NBA Fan 1234
RealGM
Posts: 48,653
And1: 28,365
Joined: Jul 16, 2009

Re: OT any of you investing in Crypto? 

Post#154 » by NBA Fan 1234 » Sat Jan 6, 2018 11:30 pm

earthmansurfer wrote:
Knickstape1214 wrote:DENT might be an interesting one to watch. Selling phone data for travel overseas, already has an iOS app, and has an android app coming out shortly (which apparently is the main target).


I looked into this one and I will agree with you. Might be a hidden gem. Currently #48 on coinmarketcap, so not on a lot of peoples radar. Roughly 8 cents per but 10 billion of the 100 billion in supply. But this is a use token, so I don't let that alone scare me off.

"We are disrupting the mobile operator industry by creating an open marketplace for buying and selling of mobile data"
https://www.dentwireless.com/

This is a beautiful example of disruption. Just as Bitcoin is creating competition in the banking system, Dent is going to create much needed mobile data competition. I am not sure it is 5 or 10 year play though, unless they innovate long term, but for the next few years, I can see this coin saving people money and having a real use case.

Looks like Apple approved their app around a week ago.

You guys might want to look into this one. I have heard it mentioned from some respectable Crypto people. Short video from someone I don't follow, but short and relatively to the point.



Didn't put too much in DENT at ~5% give or take, but this is one I'm hoping to put more on if the other investments turn out well. Seems like a HODL for a while. Love the tech, love how active the heads are, and I love how they have an actual product to put out + a well laid out plan. Also helps that my family travels a decent amount, and instead of getting a plan that is $10.00 per day, they can just buy x amount of data and go from there.

*TBH, haven't put much into crypto yet (just some birthday money), as I'm still learning and doing research.
User avatar
Phish Tank
RealGM
Posts: 19,765
And1: 12,712
Joined: Nov 09, 2004
Location: Your Timepiece
   

Re: OT any of you investing in Crypto? 

Post#155 » by Phish Tank » Sun Jan 7, 2018 12:01 am

Knickstape1214 wrote:How many items do y'all have in your portfolio? How many is "too many?"

@MP, do a little research on VEN. Could interest you.



In general or regarding crypto? I mean there's no rule to how many items are in a portfolio, but obviously there's no need to overdo it if you're not comfortable in investing.

I use a variety of different platforms to invest. Put some money in a Scottrade account exclusively for trading in individual stocks. I only have about a handful of items -> my greatest hits were investing in Altria back in 2010 or so when it was $16/share (albeit I was in college and only invested very little) and buying Apple at two separate points in 2016 (when it was $102 and at $95). Not a lot of money though -> it was setup in college several years ago.

I also got a another account I setup with Merrill because the benefits from Bank of America apply to Merrill investing too. Not a crazy amount of money (just a little more than my Scottrade), but I mainly use it to invest in ETFs.

Combine those two with my 401k, investment in my private company stock, and an IRA I found out my dad setup for me a long while ago and my money is all over the place.

I personally only have a handful of investments in each platform. Those are all long-term holds for me so I'll have to re-evaluate soon. I also tried to diversify the best I can with what I control, so I don't own like $50,000 in a particular stock or anything of that nature.

I'm not as well versed in the markets to do frequent day trading or even weekly trading to that extent, but my own personal investments are long-term in nature.
Image
User avatar
RHODEY
RealGM
Posts: 25,228
And1: 22,746
Joined: May 18, 2007
Location: Straight out of a comic book

Re: OT any of you investing in Crypto? 

Post#156 » by RHODEY » Sun Jan 7, 2018 12:43 am

Knickstape1214 wrote:How many items do y'all have in your portfolio? How many is "too many?"

@MP, do a little research on VEN. Could interest you.



It depends on how risk averse you are,how much money you have to work with, and your short , medium, and long term goals. The key to making big money when you don't have a lot to play with is to get in early and just HODL. Ethereum was about $1 dollar last year at this time. Now its over $1000 so if you had just $100 to invest and held you'd have 100K now... Biggest thing is to do your research, trust your gut, and have patience. Diversify when you can but dont over do it.
User avatar
Rock Bottom
Analyst
Posts: 3,220
And1: 1,280
Joined: Oct 12, 2010

Re: OT any of you investing in Crypto? 

Post#157 » by Rock Bottom » Sun Jan 7, 2018 1:28 am

BINANCE IS BACK BOYS (AND GIRLS) GO GO GO !
Image
User avatar
ZKnicks
Junior
Posts: 352
And1: 278
Joined: Oct 09, 2014
     

Re: OT any of you investing in Crypto? 

Post#158 » by ZKnicks » Sun Jan 7, 2018 2:20 am

Rock Bottom wrote:BINANCE IS BACK BOYS (AND GIRLS) GO GO GO !


It's back taking new registrations? I desperately am trying to get in. Just checked and doesn't look like anything has changed.
Made my first transaction and bought some POE which is a long term play for me. Still want to make a few other buys as long term investments but can't with most as they pretty much all are on binance and I just missed out on registering before they froze that. :banghead:
User avatar
Manhattan Project
Retired Mod
Retired Mod
Posts: 39,528
And1: 8,221
Joined: Feb 23, 2005
Location: The game ain't in me no more. None of it.

Re: OT any of you investing in Crypto? 

Post#159 » by Manhattan Project » Sun Jan 7, 2018 3:02 am

What is the popular website for this, Hitbtc? Coinbase you can't buy a lot of these unless I'm just being a complete noob here.
Jazz: Under reconstruction, we'll be back.
C- Maluach l Jackson l Hayes
PF- Okongwu l Newell l Salaun
SF- Wiggins l Bryant l McNeeley
SG- Thomas l Sexton l Okogie
PG- Murray l Collier l Dillingham
NY2TheBay
General Manager
Posts: 8,487
And1: 4,164
Joined: Sep 28, 2010

Re: OT any of you investing in Crypto? 

Post#160 » by NY2TheBay » Sun Jan 7, 2018 3:51 am

Rock Bottom wrote:BINANCE IS BACK BOYS (AND GIRLS) GO GO GO !


Registrations Pause
Fellow Binancians,
Due to the overwhelming surge in popularity, Binance will have to temporarily disable new user registrations to allow for an infrastructure upgrade. We apologize for any inconvenience caused.

Thank you for your support!

Binance Team
2018/01/05

Return to New York Knicks