OT any of you investing in Cryptocurrencies?

BKAY · Post #21 » by **BKAY** » Tue Jan 2, 2018 7:28 pm

poeman wrote:Can you guys tell me which exchange to use that is legit enough and I can buy altcoins...

**** Coinbase and Gdax, I need to pull out from there and move somewhere else. I hear Gemini, Bitfinex, Binance are good

Bittrex and Binance are the 2 popular ones. Neither are perfect, I'm on bittrex but there are more options now then there used to be.

RHODEY · Post #22 » by **RHODEY** » Tue Jan 2, 2018 7:50 pm

poeman wrote:Can you guys tell me which exchange to use that is legit enough and I can buy altcoins...

**** Coinbase and Gdax, I need to pull out from there and move somewhere else. I hear Gemini, Bitfinex, Binance are good

Binance.

Da_Mane_Man · Post #23 » by **Da_Mane_Man** » Tue Jan 2, 2018 7:57 pm

RHODEY wrote:
Da_Mane_Man wrote:yeah, one of my goals is to invest in the next couple of weeks.

i've been learning more about it before i do so. any good resources you can recommend?

This is a little old but a good starting point..

Watch on YouTube

That video was on the really basic stuff, but I looked at his channel and it seems like he's doing well now. Have you been following him for a while? What's his story? Why is he credible?

Greenie · Post #24 » by **Greenie** » Tue Jan 2, 2018 7:58 pm

Of course.
I own a few bitcoin.
Bought them on the cheap years ago. Best investment of my life.

Greenie · Post #25 » by **Greenie** » Tue Jan 2, 2018 8:03 pm

If I were you guys I would wait.
Not the time buy.

SmoothLefty21 · Post #26 » by **SmoothLefty21** » Tue Jan 2, 2018 8:46 pm

Greenie wrote:If I were you guys I would wait.
Not the time buy.

Buy what? There are plenty of altcoins out there that people should be buying right now.

Greenie · Post #27 » by **Greenie** » Tue Jan 2, 2018 8:58 pm

SmoothLefty21 wrote:
Greenie wrote:If I were you guys I would wait.
Not the time buy.

Buy what? There are plenty of altcoins out there that people should be buying right now.

Do as you wish. I'm not your advisor.
Understand the fluctuating stability of crypto-currency as you invest though. Selling is better than buying at THIS particular juncture but once again, you're not a client of mine. My clients are busy selling and heading to the bank.

Garbagelo · Post #28 » by **Garbagelo** » Tue Jan 2, 2018 9:12 pm

I've been in cryptos since 2015.

1 - 1.5 years after Mount Gox was the defacto bottom of the current market.

I've made 10x my investments minimum.

Post #29 » by **dakomish23** » Tue Jan 2, 2018 9:15 pm

I’m looking for investments in block chain technology.

Nothing in the currency in my portfolio at the moment though.

SmoothLefty21 · Post #30 » by **SmoothLefty21** » Tue Jan 2, 2018 9:18 pm

Greenie wrote:
SmoothLefty21 wrote:
Greenie wrote:If I were you guys I would wait.
Not the time buy.

Buy what? There are plenty of altcoins out there that people should be buying right now.

Do as you wish. I'm not your advisor.
Understand the fluctuating stability of crypto-currency as you invest though. Selling is better than buying at THIS particular juncture but once again, you're not a client of mine. My clients are busy selling and heading to the bank.

I'm terrified that you have "clients" and make blanket statements/advice such as "don't buy any cryptocurrency right now".

Garbagelo · Post #31 » by **Garbagelo** » Tue Jan 2, 2018 9:22 pm

SmoothLefty21 wrote:
I'm terrified that you have "clients" and make blanket statements/advice such as "don't buy any cryptocurrency right now".

LOL

Boy oh boy

I can sense Greenie BS from a mile away

Which alts are you looking at?

SmoothLefty21 · Post #32 » by **SmoothLefty21** » Tue Jan 2, 2018 9:39 pm

Garbagelo wrote:Which alts are you looking at?

I got in with Cardano and Ripple at under 25 cents and will probably buy more of both. I sold most of my Iota but still have a fair amount, I'm still undecided on it long term. NEM and Stellar are two others I'm looking in to.

F N 11 · Post #33 » by **F N 11** » Tue Jan 2, 2018 9:44 pm

This chit is like gambling lol. Its really good to do though.

Buy low, watch it grow, sell. rinse repeat. Thats the formula I see people using.

CharlesOakley · Post #34 » by **CharlesOakley** » Tue Jan 2, 2018 9:51 pm

I like how you guys call it "investing". I'm a former professional poker player and forex trader. I know gambling when I see it.

SmoothLefty21 · Post #35 » by **SmoothLefty21** » Tue Jan 2, 2018 9:54 pm

K P 6 wrote:This chit is like gambling lol. Its really good to do though.

Buy low, watch it grow, sell. rinse repeat. Thats the formula I see people using.

If folks truly believe in crypto long-term and thus have the stones to hold for many years I think people will do surprisingly well. At this point, I don't see crypto going anywhere and think it's still very early in the game. Look at the Internet, it essentially took 25 years for it to really take off. We're a decade into the lifespan of crypto and we're just scratching the surface of the real-world benefits being realized.

I think things will really get interesting when the masses realize bitcoin's limitations and start looking further into altcoins. I'm not saying anything earth-shattering here but bitcoin will only be a store of value long-term, it's chances of being a currency are dead due to high fees and slow transaction times. Early December when there were over 150,000 unconfirmed transactions, just ridiculous...

SmoothLefty21 · Post #36 » by **SmoothLefty21** » Tue Jan 2, 2018 9:55 pm

CharlesOakley wrote:I like how you guys call it "investing". I'm a former professional poker player and forex trader. I know gambling when I see it.

It's all gambling. The stock market is gambling. This is no different.

Garbagelo · Post #37 » by **Garbagelo** » Tue Jan 2, 2018 9:57 pm

CharlesOakley wrote:I like how you guys call it "investing". I'm a former professional poker player and forex trader. I know gambling when I see it.

there is no such thing as investing when it comes to markets

MaseInYourFace · Post #38 » by **MaseInYourFace** » Tue Jan 2, 2018 10:37 pm

I have some play money in there through coinbase. It's been a few months. I'm up. It's extremely volatile though and I would definitely recommend people invest only what they don't mind losing.

Greenie · Post #39 » by **Greenie** » Tue Jan 2, 2018 10:37 pm

SmoothLefty21 wrote:
Greenie wrote:
SmoothLefty21 wrote:
Buy what? There are plenty of altcoins out there that people should be buying right now.

Do as you wish. I'm not your advisor.
Understand the fluctuating stability of crypto-currency as you invest though. Selling is better than buying at THIS particular juncture but once again, you're not a client of mine. My clients are busy selling and heading to the bank.

I'm terrified that you have "clients" and make blanket statements/advice such as "don't buy any cryptocurrency right now".

Insults?
Have a nice day.

Greenie · Post #40 » by **Greenie** » Tue Jan 2, 2018 10:44 pm

MaseInYourFace wrote:I have some play money in there through coinbase. It's been a few months. I'm up. It's extremely volatile though and I would definitely recommend people invest only what they don't mind losing.

Bingo.
So many scams and issues happening with it.

https://capital.com/estimated-280m-cryptocurrency-frozen-after-coding-mistake-

https://www.cnet.com/news/sec-freezes-plexcorps-cryptocurrency-ico-fund-raising-scam/