Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. Whammy

    Whammy Donde es
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    I leave mine on Coinbase, if my portfolio ever gets to 50kish I’ll probably explore a cold wallet
     
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  2. Sanjuro

    Sanjuro Not a co-conspirator
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    Get a wallet from Amazon. Trezor is a good one and less than $100. It can store all the major cryptos. When you buy your coins at an exchange just move them into the wallet’s address. You can even buy straight from the wallet but it has a slight premium.

    The wallet will protect your coins and not risk them at another exchange wallet. I had lost some that way previously (Mt. Gox in 2014) so learned my lesson. Your cryptos can’t be removed unless the wallet is plugged in and you enter your passcode. If somehow your wallet gets stolen then you have a back-up 20 word phrase that you can use to retrieve them. So just make sure you keep the two in different places.
     
  3. kennypowers

    kennypowers Big shit like a dinosaur did it
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    It’s that easy. But be aware, there is a difference between Coinbase and Coinbase pro. From my experience, pro has cheaper fees while Coinbase is way more user friendly. I get past the second part by using Delta App to track my portfolio. So really just use CB pro to buy or sell coins.

    Also keep in mind that you need to track every transaction, as Coinbase is not like a broker and will give you a nice tax document at the end of the year (at least not that I know of). It’s also better to track on your own in case you use other exchanges or move to a offline wallet. In delta, you can input your transactions to track your portfolio in real time.
     
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  4. construxboy

    construxboy xenForo is the new TMB
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    I feel like I recently got an email from Coinbase about “transaction records for tax statements “. But maybe I am mistaken.
     
  5. user15000

    user15000 Well-Known Member

    Be careful dabbling in alts because a top 10 coin from 2013, 2017, or some other year could pretty easily be outside the top 10 3-5 years from now.
     
  6. —

    Well-Known Member
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    Hate to be user1500 junior over here but I don’t understand why people are still willing to squint their eyes and turn their heads to see the next crypto coin to invest in while BTC still exists and has tons of upside
     
  7. —

    Well-Known Member
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    Reeks of finding the next GameStop iyam
     
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  8. burnttatertot

    burnttatertot butt tuck zoomies
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    so... btc reeks of gme?
     
  9. Harrison Beck

    Harrison Beck Bailout Bro
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    Welcome to shitcoining :heythere:
     
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  10. kennypowers

    kennypowers Big shit like a dinosaur did it
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    It’s just like playing megaball, it’s pure gambling. You can buy a shit ton of XLM today at $.50 and then go on Reddit and find 10 DD’s to make you think Stellar is the wave of the future and you are going to be rich.

    In terms of investing though, I think you’d be hard pressed to find anyone make a convincing argument that any coin is a better long term play that BTC.
     
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  11. —

    Well-Known Member
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    In some ways sure, super hyped and super profitable.

    if we want to really expound on the analogy it’s like someone being afraid to hop on GME when it rose to $15 because they already missed the 4x from 3.75 so instead they spread their money on all the other “omega squeeze” plays.

    Do what you want but its just kind of strange to go prospecting when we’ve got a pretty rock solid investment sitting right there.

    How rock solid it is in the entire scheme of the world of investing is up for debate, sure. But this is the crypto thread. I’m not trying to compare BTC to a CD in here.
     
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  12. Harrison Beck

    Harrison Beck Bailout Bro
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    Hedge funds were/are both mega short
     
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  13. kennypowers

    kennypowers Big shit like a dinosaur did it
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    That said....DeFi reeeealllly intrigues me.
     
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  14. Harrison Beck

    Harrison Beck Bailout Bro
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    The difference is now some of these Alts (defi) actually have use cases. Comparing defi to the altcoins in 13 and 17 is a good way to stay poor.
     
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  15. Brocktoon

    Brocktoon Well-Known Member
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    anyone mess around with NFTs or know people that create them? I've been reading up on The Sandbox and it seems like it could be big but feels a little silly to essentially real estate speculating on Minecraft
     
  16. Snakes

    Snakes clumsy interloper
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    Just hopped in last week after a good month at work. Going to try to buy in at least a $1k/month for the foreseeable future. Did $5k in Btc and $1k in Etherium. But will probably stick with Btc going forward.

    Coinbase seems very user friendly. I have no interest in selling anytime soon. Really hope
    To ride this wave the next 10-20 Years.
     
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  17. Oranjello

    Oranjello Well-Known Member
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    When transferring from Coinbase to a Ledger, do you pay a fee 1) transferring to the wallet, and 2) transferring from the wallet? I believe these are on-chain transfers so the answer is yes, you pay a fee on both transfers. If so, does it make more sense to transfer to a physical wallet in batches? I don’t think these fees are fixed fees so batching transfers seems akin to trying to time the market, just wanted to confirm.

    user15000

    TIA
     
  18. user15000

    user15000 Well-Known Member

    I believe that Coinbase pro has a small withdrawal fee and I know kraken does. So yes you are better waiting from a fee perspective. Say you dca buy 2x per month from Kraken. You could withdraw that to your wallet like once every 1-3 months to save in fees instead of paying to withdraw each time you buy.
     
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  19. Whammy

    Whammy Donde es
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    Welcome mayne
     
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  20. southside

    southside Well-Known Member
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    I have a double digit portfolio of NFTs now. Buying them every day
     
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  21. user15000

    user15000 Well-Known Member

  22. Sanjuro

    Sanjuro Not a co-conspirator
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    Just the NBA Top Shot NFTs which is pretty active convo on the sports card thread.
     
  23. arrdub

    arrdub Well-Known Member
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    Florida State Seminoles

    So, I have maybe $1500 trapped in a Binance (not binance.us) account where US access is denied

    Is there a vpn to hide location, access and xfer out solution here, or no?

    or do I need to post my ssn and all account numbers right here and trust you fine upstanding gentlemen to bring those coins home?
     
    letan likes this.
  24. Whammy

    Whammy Donde es
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  25. user15000

    user15000 Well-Known Member



    Seems like this is Ellison/Oracle, although it could be Balmer with Bob’s nba connections.
     
    #12026 user15000, Feb 18, 2021
    Last edited: Feb 18, 2021
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  26. letan

    letan Just looking for the gator board
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    what NFTs are you buying? the nba top shots or others? and if others, how?
     
  27. Wee Bey

    Wee Bey racially ambiguous
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    Is huskerguy Jamie Diamon?



    Curious to know who's the oldest amond Buffet, Munger, Huskguy, and burnttatertots
     
  28. user15000

    user15000 Well-Known Member

  29. Harrison Beck

    Harrison Beck Bailout Bro
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    Good job by you Hong Fang
     
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  30. user15000

    user15000 Well-Known Member

  31. Harrison Beck

    Harrison Beck Bailout Bro
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    if you were planning to front run the billionaires I’d kick it in the ass a little
     
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  32. user15000

    user15000 Well-Known Member

  33. user15000

    user15000 Well-Known Member

    I’ve been sitting around waiting for a good sized bonus to be paid out in March. Pretty painful.
     
  34. PaulKemp

    PaulKemp Well-Known Member
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    oh shit here we go
     
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  35. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Just bought .06 BTC.
     
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  36. PaulKemp

    PaulKemp Well-Known Member
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    To clarify, I was watching that last run in real time on TradingView and thought something insane was about to happen, but it looks like it’s meeting some resistance. Still awesome. Hoping it stalls and dips a little so user15000 can get his bonus converted before the next one
     
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  37. user15000

    user15000 Well-Known Member

    Don’t worry about me. I’ll be buying regardless of the price. Got the first half of my bonus December 30 and put all of it in at $28k.
     
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  38. kennypowers

    kennypowers Big shit like a dinosaur did it
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  39. user15000

    user15000 Well-Known Member

    This month started with btc at like $34k. January 1 we were below $30k. This year is going to be wild.
     
  40. user15000

    user15000 Well-Known Member

  41. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    so osprey bitcoin trust got listed a few days ago i guess

    and has lost like 60% of its value as BTC reaches new highs

    i imagine there's something i'm missing there
     
  42. PaulKemp

    PaulKemp Well-Known Member
    Donor TMB OG

  43. user15000

    user15000 Well-Known Member

    Hmmm this is bizarre. The US needs to stop fucking around and approve an etf. I’m sick of trying to find the best way to get price exposure in my 401k.
     
  44. user15000

    user15000 Well-Known Member

    This is fun. I am having fun.
     
  45. user15000

    user15000 Well-Known Member

    Musk joining the laser party

     
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  46. user15000

    user15000 Well-Known Member