Bitcoin-Explain to me how to buy these things (5 Viewers)

[KGB]

Ok. I'm gonna stake ILV-ETH after this post. I'll pull some weeds to do it, but my weeds aren't worth as much as I want to stake. So, I may take more ada profits to do this. PolkaDex has done great for me, and maybe I'll use it. Tough calls.

That 700% is mindblowing. Feg offered 400 and hasn't been up to it. Ada offeres 5% cuz Chuck is avaricious.  Cake offered 220 in early Jan when I was literally one of the first 500 or so to stake. My apy 7 months in is 138%. We talk about price all the time but these absurd apys are sweet.

Can you guys give us a little tutorial on this?

 

[Chaos Commish]

Can you guys give us a little tutorial on this?

here's a tutorial i haven't started yet. hulu time with the kiddo. i did check "all markets" on cmc, and while 1Inch has the most pairs, and even a hex pair, a cqt pair and a qnt pair, those are all assets I'm not soon to depart with. love cqt and qnt, both rocketing since early july. lots of stablecoin pairs but no busd. the only one i have atm. so I'll watch the vid and jump through whatever hoops needed in a bit.

 

[KGB]

here's a tutorial i haven't started yet. hulu time with the kiddo. i did check "all markets" on cmc, and while 1Inch has the most pairs, and even a hex pair, a cqt pair and a qnt pair, those are all assets I'm not soon to depart with. love cqt and qnt, both rocketing since early july. lots of stablecoin pairs but no busd. the only one i have atm. so I'll watch the vid and jump through whatever hoops needed in a bit.

TY!  ill check it out tomorrow

 

[Captain Cranks]

Ok. I'm gonna stake ILV-ETH after this post. I'll pull some weeds to do it, but my weeds aren't worth as much as I want to stake. So, I may take more ada profits to do this. PolkaDex has done great for me, and maybe I'll use it. Tough calls.

That 700% is mindblowing. Feg offered 400 and hasn't been up to it. Ada offeres 5% cuz Chuck is avaricious.  Cake offered 220 in early Jan when I was literally one of the first 500 or so to stake. My apy 7 months in is 138%. We talk about price all the time but these absurd apys are sweet.

One thing to consider is the locking multiplier.  The 700% is for a 12 month lock.  The investors/team's tokens begin unlocking at the end of the year, so you may want to forgo the top multiplier in order to beat them out the door at the end of this year.  

I have my stakes tiered with various unlock times.  Oh, and have fun with those ETH gas fees.  

 

[beer 30]

If buying today...

ADA, ACH, or ALGO?

#TeamALGOForTheWin

 

[Captain Cranks]

Just took my second tranche of profits on ADA now that it reached 2X.  Got 65% of the original investment remaining.

Rolled some of the profits into MATIC which I think is due for a "pamp".  

 

[Captain Cranks]

If buying today...

ADA, ACH, or ALGO?

You'll want the investment/trade to align with your goals.  My sense from your other positions is you prioritize upside over quality.  That would mean you'd order them ACH, ALGO, ADA based on current market cap and what it would take to 10X from here.  

 

[jb1020]

My VRA is about to hit some targets.  Which one to roll too??? 

 

[beer 30]

Impressive run today, portfolio hitting all time highs.

For perspective, and I've been working on this math for a while, if you drop two zero's from the numbers most of you are talking about in regards to investments you'll get a perspective on the level of investment I have in crypto. The other day I think Cranks posted he dropped $500 on some whim and it really hit me. The last few weeks I was doing the same, drop $5 chasing some new shiny thing so the math works pretty well 

 

[unckeyherb]

My initial +/- $1,000 investment in ADA years ago is now just over $25k.  Getting hard to not pull profits and wait to re-invest when it invariably drops again.  I've not been actively trading this thing but I think it could still reach $10 at some point in the nearish future, so the idea of boosting my holdings is tempting.  Just afraid of missing a run up, although getting a basically free $25k would not be too upsetting.

 

[Captain Cranks]

Impressive run today, portfolio hitting all time highs.

For perspective, and I've been working on this math for a while, if you drop two zero's from the numbers most of you are talking about in regards to investments you'll get a perspective on the level of investment I have in crypto. The other day I think Cranks posted he dropped $500 on some whim and it really hit me. The last few weeks I was doing the same, drop $5 chasing some new shiny thing so the math works pretty well 

It's all relative.  We all seem to be trading small potatoes compared to KGB and Chaos.  The trading fees on most exchanges are minimal and scale according to whatever size you're trading.  Once you start dealing with the DEXes and gas fees, then things become more difficult to trade smaller positions.   

I think the important point is properly managing your portfolio regardless of size.  Figure out how you want to allocate it among different assets and set targets and stops that you're disciplined enough to follow through on.  Before you know it, your small portfolio will have grown to a more stout figure.   

 

[Captain Cranks]

My initial +/- $1,000 investment in ADA years ago is now just over $25k.  Getting hard to not pull profits and wait to re-invest when it invariably drops again.  I've not been actively trading this thing but I think it could still reach $10 at some point in the nearish future, so the idea of boosting my holdings is tempting.  Just afraid of missing a run up, although getting a basically free $25k would not be too upsetting.

As I said recently in another post, it's not an all-or-none decision.  Take some profits and leave enough to be happy if it continues to run.     

 

[TheDirtyWord]

My initial +/- $1,000 investment in ADA years ago is now just over $25k.  Getting hard to not pull profits and wait to re-invest when it invariably drops again.  I've not been actively trading this thing but I think it could still reach $10 at some point in the nearish future, so the idea of boosting my holdings is tempting.  Just afraid of missing a run up, although getting a basically free $25k would not be too upsetting.

As a fellow ADA HODL'er...I can understand where you're coming from.  My stake at one point was over 500K (bought in at $.09)...that's been reduced to less than 300K.  Took some profits along the way which more than covered my original investment.  

To the extent that you are 'following' the project...IMO, that's what gives you conviction on how you want to proceed.  25x is a big place to be on an investment.  Smart contracts are to launch 9/12.  Could it be a 'sell the news' event?  Possibly.  If there is a more polarizing project out there than ADA...I'm unaware.  There are some big fish who have some reputational capital at stake pooh-poohing it's utility and progress (Novogratz for one).  But if it does deliver on its promise, that could be game changing for the space.

I'm also in Cardstarter, which is a Cardano incubator.  And for the most part, each of these protocols being launched tout cross-chain capability.  If it can do that at negligible gas fees...?  Anyway, figured I'd give you some perspective as someone whose rowing the same boat as you.

 

[Captain Cranks]

As a fellow ADA HODL'er...I can understand where you're coming from.  My stake at one point was over 500K (bought in at $.09)...that's been reduced to less than 300K.  Took some profits along the way which more than covered my original investment.  

To the extent that you are 'following' the project...IMO, that's what gives you conviction on how you want to proceed.  25x is a big place to be on an investment.  Smart contracts are to launch 9/12.  Could it be a 'sell the news' event?  Possibly.  If there is a more polarizing project out there than ADA...I'm unaware.  There are some big fish who have some reputational capital at stake pooh-poohing it's utility and progress (Novogratz for one).  But if it does deliver on its promise, that could be game changing for the space.

I'm also in Cardstarter, which is a Cardano incubator.  And for the most part, each of these protocols being launched tout cross-chain capability.  If it can do that at negligible gas fees...?  Anyway, figured I'd give you some perspective as someone whose rowing the same boat as you.

HEX by a mile.  

 

[amnesiac]

Hoskinson said Cardano could hit $150 by the end of the year.  

this is the first time I know of that he’s put a price prediction out there.

has he lost his marbles?   is this just for free press?

thoughts?  

 

[unckeyherb]

As a fellow ADA HODL'er...I can understand where you're coming from.  My stake at one point was over 500K (bought in at $.09)...that's been reduced to less than 300K.  Took some profits along the way which more than covered my original investment.  

To the extent that you are 'following' the project...IMO, that's what gives you conviction on how you want to proceed.  25x is a big place to be on an investment.  Smart contracts are to launch 9/12.  Could it be a 'sell the news' event?  Possibly.  If there is a more polarizing project out there than ADA...I'm unaware.  There are some big fish who have some reputational capital at stake pooh-poohing it's utility and progress (Novogratz for one).  But if it does deliver on its promise, that could be game changing for the space.

I'm also in Cardstarter, which is a Cardano incubator.  And for the most part, each of these protocols being launched tout cross-chain capability.  If it can do that at negligible gas fees...?  Anyway, figured I'd give you some perspective as someone whose rowing the same boat as you.

Thanks!  Good insight and congrats on it so far.  My gut tells me to continue to hodl, its just tempting to pull the trigger on a 25x

ETA of course, if it hits $150 per @amnesiacpost above, I'll #### my pants.

 

[amnesiac]

Thanks!  Good insight and congrats on it so far.  My gut tells me to continue to hodl, its just tempting to pull the trigger on a 25x

ETA of course, if it hits $150 per @amnesiacpost above, I'll #### my pants.

lol, I think I’d be prepared to jump out if it got anywhere near 40/50

 

[Chaos Commish]

As a fellow ADA HODL'er...I can understand where you're coming from.  My stake at one point was over 500K (bought in at $.09)...that's been reduced to less than 300K.  Took some profits along the way which more than covered my original investment.  

This is my Cake story to a T. Cake did that in 3 months early jan to early april. At one point this year it was the top performing asset during that massive btc spike to 64k. Doge was the talk of the skyrockets, but Cake was kicking its butt. The "luckiest" thing was Cake wouldn't take your liquidity for 220% apy unless you staked 15k (and only 15k) AND "qualified". I was translating Chinese to figure this out in December. To qualify you needed to already have a big bag of BNB or buy a bunch of Cake. So I'd just flipped a home. It's what I do in this semi-retirement out here in the desert. I bought 10k Cake and submitted my Stake for 15k. Got it. Moonshot to over 500k. It's way down from that, but ya know, not 50% down. My jaw drops a couple times a day looking at it. My BTC story goes back to '17 and is similar just a longer road. An inheritance was put into btc after the crash that year. So I don't have a lot of "my career earnings skin" in this game. Found money turned to house money and I have no idea where the offramp is. I've never taken profits, just moved them around to other alts.

 

[Captain Cranks]

Hoskinson said Cardano could hit $150 by the end of the year.  

this is the first time I know of that he’s put a price prediction out there.

has he lost his marbles?   is this just for free press?

thoughts?  

That's an asinine number if that's actually what he said.  We're talking a market cap of $7T.  The entire market cap of all crypto is just over $2T.  Maybe that's a number it could achieve years down the road once crypto attains societal adoption and the world is relying on the ADA ecosystem for all things DeFi.  The idea that it will reach that level in 4 months is bonkers.

 

[TheDirtyWord]

Thanks!  Good insight and congrats on it so far.  My gut tells me to continue to hodl, its just tempting to pull the trigger on a 25x

ETA of course, if it hits $150 per @amnesiacpost above, I'll #### my pants.

I'll have to check out those comments to understand the context.  He's largely been a guy that doesn't pay attention to price so this would be counterintuitive to what I (think) know about him.

 

[Captain Cranks]

I'll have to check out those comments to understand the context.  He's largely been a guy that doesn't pay attention to price so this would be counterintuitive to what I (think) know about him.

Based on some quick research, it appears to be fake news.  It's at the very least unverified.

 

[TheDirtyWord]

HEX by a mile.  

Didn't know that...what are the pro/con arguments?

 

[amnesiac]

Based on some quick research, it appears to be fake news.  It's at the very least unverified.

if it is I apologize, I’m not one to troll threads with BS.  

 

[Captain Cranks]

Didn't know that...what are the pro/con arguments?

This is a good discussion about it that should allow you to form your own opinion rather than through the Cranks filter.  

Richard Heart on Around the Blockchain

 

[Captain Cranks]

if it is I apologize, I’m not one to troll threads with BS.  

No need to apologize and I could be wrong with my quick conclusion.  

 

[psychobillies]

Thanks!  Good insight and congrats on it so far.  My gut tells me to continue to hodl, its just tempting to pull the trigger on a 25x

ETA of course, if it hits $150 per @amnesiacpost above, I'll #### my pants.

You're doing it all wrong.  If it hits $150, you hire someone else to #### in your pants for you.

 

[Chaos Commish]

This is a good discussion about it that should allow you to form your own opinion rather than through the Cranks filter.  

Richard Heart on Around the Blockchain

 

hey, was this the same vid you posted a couple pages back? i just watched. chuckled the whole time. thanks for that one.

 

[Captain Cranks]

 

hey, was this the same vid you posted a couple pages back? i just watched. chuckled the whole time. thanks for that one.

Nah, that was completely different.  The other was a PLS investor discussing the last minute dilution of everyone's sacrifice by the HEX origin account.  

 

[amnesiac]

the same site just posted an article saying that Buterin said ETH will hit 30K.  
 

weird because I find articles through an app called SmartNews and they usually don’t let that kind of stuff in.  
 

I suppose in a few hours they will predict DOGE to $100.  

 

[beer 30]

the same site just posted an article saying that Buterin said ETH will hit 30K.  
 

weird because I find articles through an app called SmartNews and they usually don’t let that kind of stuff in.  
 

I suppose in a few hours they will predict DOGE to $100.  

I use Smartnews as well and they are flush with BS crypto headlines. Just an FYI

 

[Chaos Commish]

Nah, that was completely different.  The other was a PLS investor discussing the last minute dilution of everyone's sacrifice by the HEX origin account.  

I know you use cmc. Is the "read more" link working for you? Since last night I click it and it loads the information briefly and goes back to minimizing it. Bothering me. 

 

[TheDirtyWord]

Hoskinson said Cardano could hit $150 by the end of the year.  

this is the first time I know of that he’s put a price prediction out there.

has he lost his marbles?   is this just for free press?

thoughts?  

the same site just posted an article saying that Buterin said ETH will hit 30K.  
 

weird because I find articles through an app called SmartNews and they usually don’t let that kind of stuff in.  
 

I suppose in a few hours they will predict DOGE to $100.  

Just as an FYI, Hoskinson confirmed it was BS on Twitter.

 

[amnesiac]

I use Smartnews as well and they are flush with BS crypto headlines. Just an FYI

usually I find them just sort of crappy, but not outright wrong.   

 

[Captain Cranks]

I know you use cmc. Is the "read more" link working for you? Since last night I click it and it loads the information briefly and goes back to minimizing it. Bothering me. 

Yep.  Same issue here.  I've been using Coingecko lately.  

 

[KGB]

1. PULSE $26,321.00
   
2. ACH $10,600.00
   
3. ETH $19,000
   
4. ADA $5,800.00
   
5. Shiba Inu $5,100.00
   
6. DOGE $1,000.00
   

 

[KGB]

Debating on what to do...

Debt 

• $50K house
  
• $40K heloc
  
• 2 car payments.
  

no other debt

in 50 days or so, I will have a HEX stake coming up worth 40-50K

Do I

• Take it out and pay off debt - dave ramsey
  
• Roll it back into HEX Stake.  Rich people use credit to make money, maybe I keep it in and the "credit" im using is not paying off my stuff early.
  
• Take out 1/2.  - Safe play
  

 

[Chaos Commish]

Hi. My name is Chaos and I am a crypto-holic. I just spent 3 hrs on Koinly getting my transactions uploaded for next year's taxes. I have a problem. I began reading about being over diversified. It seems I am a collector, an index fund. I've used two central exchanges, 7 Dexes, 8 wallets, and I have 43 different cryptos. I broke Koinly and had to start over. Two much syncing at the same time. From what I'm reading this isn't spreading risk, it's addiction. 10 is a reasonable number. If you have nothing but time on your hands, maybe 20. 

A few days ago I was saying I needed to step away from this thread for a bit, but I never did. Addicted. Collecting. Love this stuff. I can manage what I have, but being an index fund defeats the purpose maybe. Managing 43 isn't my concern. It's 53, 63, where do I stop. I have 15 possible homeruns on that watchlist. I need help.

 

[KGB]

Hi. My name is Chaos and I am a crypto-holic. I just spent 3 hrs on Koinly getting my transactions uploaded for next year's taxes. I have a problem. I began reading about being over diversified. It seems I am a collector, an index fund. I've used two central exchanges, 7 Dexes, 8 wallets, and I have 43 different cryptos. I broke Koinly and had to start over. Two much syncing at the same time. From what I'm reading this isn't spreading risk, it's addiction. 10 is a reasonable number. If you have nothing but time on your hands, maybe 20. 

A few days ago I was saying I needed to step away from this thread for a bit, but I never did. Addicted. Collecting. Love this stuff. I can manage what I have, but being an index fund defeats the purpose maybe. Managing 43 isn't my concern. It's 53, 63, where do I stop. I have 15 possible homeruns on that watchlist. I need help.

Love it, #goals

 

[KGB]

Hi. My name is Chaos and I am a crypto-holic. I just spent 3 hrs on Koinly getting my transactions uploaded for next year's taxes. I have a problem. I began reading about being over diversified. It seems I am a collector, an index fund. I've used two central exchanges, 7 Dexes, 8 wallets, and I have 43 different cryptos. I broke Koinly and had to start over. Two much syncing at the same time. From what I'm reading this isn't spreading risk, it's addiction. 10 is a reasonable number. If you have nothing but time on your hands, maybe 20. 

A few days ago I was saying I needed to step away from this thread for a bit, but I never did. Addicted. Collecting. Love this stuff. I can manage what I have, but being an index fund defeats the purpose maybe. Managing 43 isn't my concern. It's 53, 63, where do I stop. I have 15 possible homeruns on that watchlist. I need help.

What are the Chaos 15?

 

[JShare87]

My initial +/- $1,000 investment in ADA years ago is now just over $25k.  Getting hard to not pull profits and wait to re-invest when it invariably drops again.  I've not been actively trading this thing but I think it could still reach $10 at some point in the nearish future, so the idea of boosting my holdings is tempting.  Just afraid of missing a run up, although getting a basically free $25k would not be too upsetting.

I was in a similar position with Doge. I had about 112,000 shares of it at .02 cents with an original investment of 3,000. At one point my account was around 90,000! There were so many times people told me to sell in February, March, April, and so on. Like others are saying, it’s not an all or nothing. Pick a number you want to cash out at, wait until it hits that number and do it. Don’t keep going back and forth with yourself about it. It will drive you nuts! Congrats on the nice hit!

 

[JShare87]

Debating on what to do...

Debt 

• $50K house
  
• $40K heloc
  
• 2 car payments.
  

no other debt

in 50 days or so, I will have a HEX stake coming up worth 40-50K

Do I

• Take it out and pay off debt - dave ramsey
  
• Roll it back into HEX Stake.  Rich people use credit to make money, maybe I keep it in and the "credit" im using is not paying off my stuff early.
  
• Take out 1/2.  - Safe play
  

I think you use that money to continue making money for you. 

 

[Captain Cranks]

Hi. My name is Chaos and I am a crypto-holic. I just spent 3 hrs on Koinly getting my transactions uploaded for next year's taxes. I have a problem. I began reading about being over diversified. It seems I am a collector, an index fund. I've used two central exchanges, 7 Dexes, 8 wallets, and I have 43 different cryptos. I broke Koinly and had to start over. Two much syncing at the same time. From what I'm reading this isn't spreading risk, it's addiction. 10 is a reasonable number. If you have nothing but time on your hands, maybe 20. 

A few days ago I was saying I needed to step away from this thread for a bit, but I never did. Addicted. Collecting. Love this stuff. I can manage what I have, but being an index fund defeats the purpose maybe. Managing 43 isn't my concern. It's 53, 63, where do I stop. I have 15 possible homeruns on that watchlist. I need help.

43 cryptos?  Lightweight.  

 

[Captain Cranks]

Debating on what to do...

Debt 

• $50K house
  
• $40K heloc
  
• 2 car payments.
  

no other debt

in 50 days or so, I will have a HEX stake coming up worth 40-50K

Do I

• Take it out and pay off debt - dave ramsey
  
• Roll it back into HEX Stake.  Rich people use credit to make money, maybe I keep it in and the "credit" im using is not paying off my stuff early.
  
• Take out 1/2.  - Safe play
  

It's low interest debt, so other than the psychological benefits of being "debt free", I don't see a huge benefit of paying it off.  I think we only have a little time left before US regulations and increased participation by institutional investors chisel away at the opportunities we're seeing right now in crypto.  So my recommendation would be to get while the gettin' is good.  

 

[Chaos Commish]

It's low interest debt, so other than the psychological benefits of being "debt free", I don't see a huge benefit of paying it off.  I think we only have a little time left before US regulations and increased participation by institutional investors chisel away at the opportunities we're seeing right now in crypto.  So my recommendation would be to get while the gettin' is good.  

43 cryptos?  Lightweight.  

Enabler.

 

[Chaos Commish]

What are the Chaos 15?

I'll get back to you in a couple hours as I narrow this down to 15. Having morning coffee with my portfolio. Holy what the wow. Ocean pumping, tides a comin' in. Cosmos playing catch up. Seriously, I may move to Nevada, Vegas, family there. Cali is gonna take 13% of this. Go Raiders?

 

[Captain Cranks]

Enabler.

I've never been the type of junky to party alone.  

 

[Captain Cranks]

I'll get back to you in a couple hours as I narrow this down to 15. Having morning coffee with my portfolio. Holy what the wow. Ocean pumping, tides a comin' in. Cosmos playing catch up. Seriously, I may move to Nevada, Vegas, family there. Cali is gonna take 13% of this. Go Raiders?

It's been an interesting rotation, from BTC, to ETH and the gaming NFTs, to ADA, to SOL, to now ATOM and the rest of the ecosystem coins.  The million dollar question is where does the money flow to next?  Alex Becker has been mentioning yield farming, so I'll dive into that space a bit.

BTC is at an important intersection.  If it can break through the $50-51K level, then Bull 2.0 is on.      

 

[beer 30]

Debating on what to do...

Debt 

• $50K house
  
• $40K heloc
  
• 2 car payments.
  

no other debt

in 50 days or so, I will have a HEX stake coming up worth 40-50K

Do I

• Take it out and pay off debt - dave ramsey
  
• Roll it back into HEX Stake.  Rich people use credit to make money, maybe I keep it in and the "credit" im using is not paying off my stuff early.
  
• Take out 1/2.  - Safe play
  

I have zero advice for you but wanted to pass along congratulations regardless. Nice decision to have the opportunity to make 

 

[amnesiac]

Debating on what to do...

Debt 

• $50K house
  
• $40K heloc
  
• 2 car payments.
  

no other debt

in 50 days or so, I will have a HEX stake coming up worth 40-50K

Do I

• Take it out and pay off debt - dave ramsey
  
• Roll it back into HEX Stake.  Rich people use credit to make money, maybe I keep it in and the "credit" im using is not paying off my stuff early.
  
• Take out 1/2.  - Safe play
  

if that heloc is a variable rate i would consider paying that off and being done with it.  

 

[Capella]

Pretty wild how ETH can’t climb past 3300