Thanks Who can point me to a resource that lays out which currencies are available via which account(s)?
1) Does it have to “win out”? 2) It’s already #2, adoption/belief has been established. 3) I’ll bet on evolution, superior tech, actual utility every single day.
On 1, maybe, maybe not. But the assumption that something is a bubble because it has inferior tech is a faulty one. Modern history is littered with examples of inferior products doing substantially better than competitors.
I was planning on buying a little more BTC every week. Should I keep that up right now or let it come back down? It's not going to keep climbing right now without a dip right?
I've been day trading my WTC with BTC during the swings up and down and I've added almost 50% to my stack. I'm down against the dollar but when Walton releases its wallet and genesis block I'll be laughing all the way to my lambo
I don’t expect a dip until after the fork. I’m riding it up and dumping pre fork. Watching it closely though, have sell orders set for a crazy tumble while I’m asleep or some shit.
My avg buy rate across my wallet is $4200/$B so I'm hovering around a 26% return using today's numbers. I'm DCAing a modest amount into my account semi-monthly. One coin to rule them all though - straight bitcoin for me.
$5800. Yep. Will be getting in for a couple hundred/ month going forward. I had 5 coins in January this year and sold them. Smh
Most of yall trade on apps or via the computer? Been researching and have some excess money to work with.
Either, but I’d suggest computer to start out... mobile apps can hang, you’re entering long strings of code by thumb that will determine where your money goes and if you mistype one character - bye bye $. Use 2FA with Google Authenticator (iOS or Android app), not SMS. Do not store back up keys/phrases on your computer - thumb drive and written copy in a safe.
How long should i be planning to hold something to justify the effort required to move shit to usb wallet
Been a fun day. I've done some reading on wallets, etc., but are they necessary if you're solely using Coinbase? Think I'm just going to stick to BTC and ETH/LTC on the app.
You should be ok, definitely use 2FA with Google Authenticator though. Coinbase also has something called a vault, just looks like an extra email verification.
Depends. I think keeping alts in major exchanges is probably (but there’s def been hacks/thefts of exchanges) okay as long as you’re using 2FA with Google Authenticator AND NOT storing your backup keys/phrases to your exchanges/accounts/wallets on the same devices you use to trade/buy/sell. Alts/ICO’s are the riskiest bc so many are developing their own wallets and they haven’t been thoroughly vetted being so new. Look up DayTraderNick on twitter; guy just got all of his accounts cleaned out bc he downloaded a wallet for an ICO that had a Trojan embedded in it AND like a dumbass stored his backup keys/phrases on the same device. Unfortunately I feel compelled to store a lot of alts on exchanges bc the prices are so volatile and I have market orders set to limit damage. My BTC/ETH I have in cold storage, and a handful of alts like my WTC I’m going to use to run a master node (Nano S & Trezor). But regardless — my backup keys/phrases are all in separate cold storage too, USB and paper in a fireproof safe. 3 main ways your shit will get stolen... 1) An exchange is hacked. So there’s definitely inherent risk keeping it on exchanges and there’s been quite a few hacks of major and mid level exchanges in the past. However, GDAX/Coinbase, Bittrex, and some others that are so big/have institutional money behind them, I have faith their security is up to par. But anything can happen. 2) Direct hack, Trojan, either you’re targeted directly bc someone knows you have something worth stealing (Twitter and YouTube crypto personalities are frequently targeted) OR you make it easy/are a victim of a mass hack/trojan and they find your backup keys/phrases on your infected device and get into your accounts with that information. 3) Someone actually gets physical control of both your phone (2FA > Google Authenticator) and knows your account login/passwords (or takes your computer where you have them saved to your browser for quick login). Cold storage probably isn’t necessary if you use 2FA and store your backups offline.
Sounds like a browser vulnerability. Might not have even been related to crypto. Someone mentioned using a sandbox when conducting crypto business in browsers you also use for personal use. Think about all the unverified third party browser extensions, bullshit downloads you have on your computers.
Are we considering 5% a big dip or are we thinking there is a larger correction coming prior to the fork? I haven't looked much into the reactions to forks in the past, but is this fork expected to be similar or different? What's everyone's best guess at how this plays out?
It doesn't have nearly as much support but you have two forks coming with BTG and B2X so I think you'll see movement to BTC anyways as people try to capitalize on the idea that other people will want to earn free money with the forks and BTC will rise and alts will stumble
ETH went up and then OMG dropped under $8 so I just transferred a bunch of ETH in It’s unique, has real world applications and a great team (according to internet sources)
My big buys were -XMR @ $88-89 -OMG @ $7.75 -ARK @ $2.50 -LINK @ $.35-.38 Smaller buys... -PAY @ $1.75 -ENG @ $.58 -SUB @ $.08 If WTC drops under $5 I’m going back in heavy.
I basically bought $700 worth of BTC/ETC/LTC a couple months ago and now I have like $1250 worth of BTC/ETC/OMG I just put in an amount I didn’t mind losing and have had some fun messing with it. I own like 35 OMG now so I’m rooting for that