Official CryptoCurrency Thread (Bitcoin, Litecoin, Ethereum & More)
- Thread starter irishfury
- Start date
Thanks. I did put a small amount of money into bitcoin cash and ethereum. I am waiting for it to arrive at the moment. I honestly don't understand how people use bitcoins and how alt coins are even profitable. But I guess that understanding will come with time.
The fact there are SO MANY tokens keeps me away from that shyt, unless they have some plan to burn some of them which IDK.YES, BUT VERGE MORE SO THAN OTHERS
JahFocus CS
Get It How You Get It
Y'all see this? Buy and Hold 100 Crypto
Master The Crypto - Knowledge hub for blockchain & cryptos!
Check out that site above. I've spent all of today reading about Crytpo. I have off till Jan 2nd so I wanna get a handle on it by the time I get back to work.
I look at Bitcoin, Ethereum and Litecoin as the "reserve" cryptocurrencies akin to the US Dollar, European Euro, British Pound etc. They are the more "stable" (relatively) and established against other currencies. Just like established currencies that are backed by "steady" economies/institutions, we will not see tremendous short term gain from these cryptocurrencies, they are a long term play.
It's the altcoins, akin to emerging economies' currencies if you will, think Nigerian Naira, Thai Bhat, Kenyan Shilling etc that have the potential to really blow up and see strong gains. In the same way emerging economies can grow 6-10% per year over a 6-7 year period these alt coins can do that 10 times that amount of growth.
From what I've read ICOs can be where you really see some big gains as far as speculation is concerned.
This stuff is pretty interesting.
Vinny Lupton
Superstar
Where were you last week when they made a big mess with Bitcoin Trash?
I just made my account today as that's what I've heard is the premier wallet on the market. Thanks for the info. I'll read up.
Both @heisenburrr and @:>) was right
Let me know, you caking???
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Don’t mention that g in the same breath as me
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I don't know if you want to use bittrex right now. There's a lot of people in reddit having major issues. People can't withdraw funds.
Coinbase has issues but it's been solid for me so far. Binance has worked flawlessly for me. Only thing I don't like about it is that there's some alt coins I want to buy that they don't have yet (XRB).
This is where I am a little lost at in the loop.
My plan is to invest X amount. If and when my X reaches a certain threshold I'll cash out my initial investment plus a bit a of the profit. Then I'll just trade/invest with the rest of the profit.
I haven't heard too much about people being able to cash out their large earnings and such. Seems like when people want to cash out on a large amount there's some stop hiccup in the system.
Slow down. Don't make plans and don't think about large sums of money yet. You definitely don't need to be trading. Do your research , find a project that you think is viable long term and hold.Just get a coinbase account, put money on Bitcoin, ethereum, and litecoin. Get a binance account, transfer some ethereum from coinbase, and buy alt coins.
I'm new to the game too and I'm not obsessing over this. There's too many random highs/lows, pumps and dumps, scams, etc. I'm trying to see where I stand in a year not day to day. I still check sure like coinmarketcap but I'm not reacting. If I see something I'm interested in dip I'll buy more but I'm not selling. If I start seeing big returns I'll get a hardware or paper wallet and get my coins off of the exchanges.