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

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

  1. Whammy

    Whammy Look kids, Parliament!
    Donor
    Alabama Crimson TideVanderbilt CommodoresNew Orleans SaintsChicago BlackhawksAtlanta United

    I leave mine on Coinbase, if my portfolio ever gets to 50kish I’ll probably explore a cold wallet
     
    Ray McKigney likes this.
  2. Sanjuro

    Sanjuro Well-Known Member
    Donor
    Georgia BulldogsSt. Louis CardinalsAtlanta HawksArizona CardinalsSt. Louis BluesNXT

    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
    Donor TMB OG
    UCF KnightsAtlanta BravesJacksonville Jaguars

    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.
     
    Ray McKigney likes this.
  4. construxboy

    construxboy xenForo is the new TMB
    Donor
    North Carolina TarheelsPenn State Nittany LionsBuffalo BillsBuffalo SabresArsenalCharlotte FC

    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
    Donor

    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
    Donor

    Reeks of finding the next GameStop iyam
     
    dblplay1212 likes this.
  8. burnttatertot

    burnttatertot (๏̯๏)
    Donor
    Washington State CougarsSeattle MarinersHartford WhalersSeattle SupersonicsMetal

    so... btc reeks of gme?
     
  9. Harrison Beck

    Harrison Beck Rut Roh maximalist
    Donor
    Liverpool

    Welcome to shitcoining :heythere:
     
    Fabulousthundercock and like this.
  10. kennypowers

    kennypowers Big shit like a dinosaur did it
    Donor TMB OG
    UCF KnightsAtlanta BravesJacksonville Jaguars

    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.
     
    jham23, Harrison Beck and like this.
  11. —

    Well-Known Member
    Donor

    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.
     
    dblplay1212 likes this.
  12. Harrison Beck

    Harrison Beck Rut Roh maximalist
    Donor
    Liverpool

    Hedge funds were/are both mega short
     
    likes this.
  13. kennypowers

    kennypowers Big shit like a dinosaur did it
    Donor TMB OG
    UCF KnightsAtlanta BravesJacksonville Jaguars

    That said....DeFi reeeealllly intrigues me.
     
    Harrison Beck likes this.
  14. Harrison Beck

    Harrison Beck Rut Roh maximalist
    Donor
    Liverpool

    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.
     
    likes this.
  15. Brocktoon

    Brocktoon Well-Known Member
    Donor
    Detroit PistonsCalgary FlamesDetroit LionsMichigan State Spartans

    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 stubbornly litigious
    Donor TMB OG
    Alabama Crimson Tide

    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.
     
    MtOread, Whammy and user15000 like this.
  17. Oranjello

    Oranjello Well-Known Member
    Donor
    Green Bay PackersGrateful DeadMississippi Rebels

    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.
     
    Oranjello likes this.
  19. Whammy

    Whammy Look kids, Parliament!
    Donor
    Alabama Crimson TideVanderbilt CommodoresNew Orleans SaintsChicago BlackhawksAtlanta United

    Welcome mayne
     
    Snakes likes this.
  20. southside

    southside Well-Known Member
    Donor TMB OG
    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    I have a double digit portfolio of NFTs now. Buying them every day
     
    Harrison Beck likes this.
  21. user15000

    user15000 Well-Known Member

  22. Sanjuro

    Sanjuro Well-Known Member
    Donor
    Georgia BulldogsSt. Louis CardinalsAtlanta HawksArizona CardinalsSt. Louis BluesNXT

    Just the NBA Top Shot NFTs which is pretty active convo on the sports card thread.
     
  23. arrdub

    arrdub Well-Known Member
    Donor
    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 Look kids, Parliament!
    Donor
    Alabama Crimson TideVanderbilt CommodoresNew Orleans SaintsChicago BlackhawksAtlanta United

  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
    Harrison Beck likes this.
  26. letan

    letan Just looking for the gator board
    Donor
    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    what NFTs are you buying? the nba top shots or others? and if others, how?
     
  27. Wee Bey

    Wee Bey Well-Known Member
    Donor

    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 Rut Roh maximalist
    Donor
    Liverpool

    Good job by you Hong Fang
     
    user15000 likes this.
  30. user15000

    user15000 Well-Known Member

  31. Harrison Beck

    Harrison Beck Rut Roh maximalist
    Donor
    Liverpool

    if you were planning to front run the billionaires I’d kick it in the ass a little
     
    HuskerInMiami, user15000 and PaulKemp like this.
  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
    Donor TMB OG

    oh shit here we go
     
    Aurelius and Harrison Beck like this.
  35. HuskerInMiami

    HuskerInMiami Well-Known Member
    Donor
    Miami DolphinsNebraska Cornhuskers

    Just bought .06 BTC.
     
    user15000 likes this.
  36. PaulKemp

    PaulKemp Well-Known Member
    Donor TMB OG

    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
     
    user15000 likes this.
  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.
     
    PaulKemp likes this.
  38. kennypowers

    kennypowers Big shit like a dinosaur did it
    Donor TMB OG
    UCF KnightsAtlanta BravesJacksonville Jaguars

  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

     
    Aurelius likes this.
  46. user15000

    user15000 Well-Known Member