Separate names with a comma.
Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.
I leave mine on Coinbase, if my portfolio ever gets to 50kish I’ll probably explore a cold wallet
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.
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.
I feel like I recently got an email from Coinbase about “transaction records for tax statements “. But maybe I am mistaken.
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.
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
Reeks of finding the next GameStop iyam
so... btc reeks of gme?
Welcome to shitcoining
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.
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.
Hedge funds were/are both mega short
That said....DeFi reeeealllly intrigues me.
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.
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
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.
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.
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.
I have a double digit portfolio of NFTs now. Buying them every day
Just the NBA Top Shot NFTs which is pretty active convo on the sports card thread.
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?
Seems like this is Ellison/Oracle, although it could be Balmer with Bob’s nba connections.
what NFTs are you buying? the nba top shots or others? and if others, how?
Is huskerguy Jamie Diamon?
Curious to know who's the oldest amond Buffet, Munger, Huskguy, and burnttatertots
Good job by you Hong Fang
if you were planning to front run the billionaires I’d kick it in the ass a little
I’ve been sitting around waiting for a good sized bonus to be paid out in March. Pretty painful.
oh shit here we go
Just bought .06 BTC.
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
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.
Today is cool
This month started with btc at like $34k. January 1 we were below $30k. This year is going to be wild.
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
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.
This is fun. I am having fun.
Musk joining the laser party