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Bitcoin-Explain to me how to buy these things (3 Viewers)
- Thread starter Sheriff Bart
- Start date
KGB
Footballguy
Yeah im not sure. Or a bunch of stakes came up or something. Looks like we are already back to 19, so hopefully it found a bottom. Im staked for another year, so, im just riding out whatever happens.
Captain Cranks
Footballguy
Pigskin Fanatic
Footballguy
this isn't exactly what you're asking, but kucoin has a big slate of these, especially on s**tcoins to BTC, ETH, and a few others combinations. check out their quote pages to see if the combination exist there. of all the sites i read that one has the most combinations that i've seen.
KGB
Footballguy
Yeah, kinda on the way down now, and cant really do anything since im staked but collect my interest.
Another year is a long time! and then another year after that! LOL.
but to see 750, and now see a very much smaller number is kinda disheartening :(
BUT! its all still WAY above $2K
Sand
Footballguy
Thanks. I didn't see it in there, but I'll go dig through now that I know I'm looking for that. At least that place is good for something. Their reddit is nothing but piles of people asking about their lost transactions. Big :X to actually putting money into that place at the moment.
Dan Lambskin
Footballguy
Should have bought more Loopring 
KGB
Footballguy
I should have stayedShould have bought more Loopring
I kept reading how the code they found might be bunk, etc. got scared. im wet paper hands
KGB
Footballguy
Should have bought more Loopring
MAn! I had it nailed too. im just a wuss!I should have stayed
KGB
Footballguy
ALot of us sell before the 10X hits. Thats kinda what I like about staking. keeps you from selling
KGB
Footballguy
HEX
Hey, I just thought of this... I know you are just holding hex for X amount of time and not looking.
Are you staking? If youre just holding and not trading, you should consider it.
Chaos Commish
Footballguy
been one of my bigger bags since cutting my ada in half twice, and the small bag i cost averaged goes back 10 months.
maybe the biggest thing in iotex's favor is the dead-ish community around iota, the bigger iot crypto. they have very different approaches, and iotex is clearly the better short-term by focussing on ready real use products. interntet of things, micro-robotics, artificial intelligence, saas - these are the future. stocks or cryptos, imo. software gonna eat the world. the digital revolution (blockchain) bigger than the information revolution (the internet). cheers.
unfortunately other than iotx and a few others i'm foundering a little compared to most. the index fund just sitting on slower risers than.... my dam watchlist which is on fire... and the l1 market in general.
Chaos Commish
Footballguy
i think i'm the one not looking. i staked. i have two years this x-mas on one, and 3 years on another. Cranks said he was not staking but I don't think mentioned not looking. If not staked, you need to keep an eye on it.
Hex is NOT a scam. The OA will not rug pull or do anything else to land Richard in court. Part of his egomania is a need for those who join him to succeed. It's his favorite thing to boast about. He gives the finger to his haters when he lists the many (over ten thousand?) new millionaires he's created. Yes, they timed the rise nicely, cashed out, and report their retirements on twitter regularly.
He's a narcissistic pos though. And that may be the downfall if the cult of Richard dies. Hex will never go away. It is a finished product left on the blockchain forever. Lack of interest, more sellers than stakers, can drive the price to nearly nil. I don't have a good feeling about the $$ I have sitting in my two stakes, but no way I eat the penalties.
Captain Cranks
Footballguy
Yeah, I never actually purchased HEX. I am considering it at these levels, however. Since it is failing the .17-18 range, I'll probably wait to see if it gets to $0.10. If I were staking I'd TRY not to look at it. I know I'd fail though. I'm staked a year on ILV and check on it every day.
beer 30
Footballguy
Was in, then out, then back in 2 weeks ago when it made a run, then back out then decided to buy low on the hopes of a rebound and WALA! My $30 is rocking at like $31.42 now. I'm a freakin' genius!!!
Similar story to above, in on first run, out, back in for a little and watching it make another run.Should have bought more Loopring
I was in the hamster wheel of buy high, sell low (similar to my approach with real estate now that I think about it). After reading @Chaos Commishsetting @KGBstraight on day trading crypto, kinda noticed a similarity so stopped doing that.
Captain Cranks
Footballguy
Nathan R. Jessep
Footballguy
can someone explain staking in simple terms?
also, can you stake only certain coins on certain exchanges or is there some sort of staking exchange?
also, can you stake only certain coins on certain exchanges or is there some sort of staking exchange?
FreeBaGeL
Footballguy
Other guys will be able to explain it better than me, but essentially you're tying up your coins for a period of time for use on the network and in return getting interest, paid out in that coin. Almost like a CD of the crypto world.
It's done all over the place. Some exchanges offer it on some coins. A lot of coins have their own app/website for staking. Some coins have options on both.
beer 30
Footballguy
#### me, LTC has been going nuts and i moved mine to SOL last week
wanna start a club?
Captain Cranks
Footballguy
ALGO breaking out. ATHs incoming.
FTR, I started profit taking on my Layer 1 portfolio, selling 14% of any position that's up 50% and rolling it into BTC. The next target is 100% where I'll sell another 16% of the original position, then 20% once it hits 200%.
FTR, I started profit taking on my Layer 1 portfolio, selling 14% of any position that's up 50% and rolling it into BTC. The next target is 100% where I'll sell another 16% of the original position, then 20% once it hits 200%.
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McBokonon
Footballguy
FreeBaGeL
Footballguy
So I'm going to kind of document my journey into DEX as I get into it, because all this stuff is confusing as heck and I figure some folks might be able to benefit from it.
TLDR version in bold.
Last night I participated in my first IDO, pulsepad. It is a product of Bluezilla, and their niche is "launchpads". Essentially they IDO a bunch of stuff, typically at very low market caps, and the people that own their previous coins and stake them are the ones that get access to the new IDO launch. Given the low supply and low market cap of these launches, almost all of them 10-150x out of the gate.
For instance Tronpad IDO'd for $0.004, currently sitting at $0.14. ADAPad IDO's at $0.004, currently sitting around $0.70.
Pulsepad IDO price was $0.001, with a total market cap of only $170k.
What's the catch, right? More on that later.
Getting an allocation of IDO shares requires a minimum staking investment in one of the previous launchpad coins. By far the cheapest to get in with was TronPad, where you had to have 50,000 Tronpad coins staked. At a cost of $0.14 for each, that's $7500 I needed to buy and lock up via staking. The stake time is only a week, and APY is 15% annually so I'll at least get some interest on that stake, though I (so far correctly) was expecting the Tronpad coin price to drop after the pulsepad IDO.
Buying Tronpad was a huge PITA. For a seasoned dexer I'm sure it's easy, but this was my first run at buying something not through Metamask (didn't want to pay the huge gas fees). It made it more complicated that I was doing this last minute and when I tried to buy coins that I could eventually convert to Tronpad I had to sign up for exchanges that I wasn't on before, several of which put locks on withdrawing until my account was open for several days (which wouldn't work here).
After getting stuck with a bunch of money in Binance that I apparently can't withdraw/transfer until my account is 10 days old, I settled on KuCoin, even though a lot of options are limited there since I'm in the US. KuCoin allows me to swap to TRX (tron), which I can then swap to Tronpad via the TronLink wallet. It took me a while to figure out KuCoin, and I made some transfers I didn't need to, but ultimately the flow is...
So the moment of truth finally came. I set my alarm early to make sure I could accept my IDO shares. And voila, there they were in the interface on the Tronpad website. My whole.......12 dollars worth.
And I guess that's the catch. These things are popular enough now that with such a low supply there's not much allocation to go around. So at the lowest tier (50,000 tronpad), I got the opportunity to buy $12 worth of pulsepad at $.001.
Now for the good part. Pulsepad trading just opened about an hour ago and it opened at $0.14, and currently sits around $0.16. So on my Pulsepad tokens I'm currently sitting on around 160x gains, or around $2,000 worth of tokens on my $12 IDO buy. I do have a short lockup period (20 days I believe) where I get penalized if I flip the pulsepad tokens right away.
But of course that $12 was only part of the cost. I have no idea what I spent total in fees transferring all those coins around, though since it's off the ethereum network I'm guessing it's not TOO bad. The bigger question will be what my $7,500 worth of Tronpad that is currently staked will be worth when it is unlocked in 6 days. Tronpad is already down over 20% today so that $7500 is now worth $6750. On the bright side looking at the charts it seems these launchpad coins tend to bounce back since there will eventually be another project they are required for, but I don't want to tie up the money that long. I think this makes more sense for people that are just going to hold those coins long-term and get in on every project, and then the ebbs and flows of Tronpad price action matter less.
It could easily drop more over the next 6 days as other people's stakes unlock and they ditch the coins they only bought to get in on the pulsepad IDO, but I'm guessing most of them are more seasoned than me and started their stake a week ago instead of last minute like I did, so their stake would expire right after they got their pulsepad tokens.
So all in all yes, I did get my 140x gains. The "catch" was that I could only invest $12 for that 140x gains, and the token I had to stake to get that access is almost certain to lose value while I have it tied up.
I was in the lowest of 3 tiers. I could have staked more to receive a larger allocation of pulsepad. In the end I think I will make a relatively safe profit on this, so staking more to get a larger allocation is probably worth it. However, the reason I probably still won't do that on the next project they have is that I am an idiot, and I don't feel at all comfortable moving $50,000 around through that transfer process above without screwing something up, which could cause me to lose all of that money to the void. Not mentioned in that process is that I first tried to do the transfer using BNB with Trust wallet but Trust Wallet wanted to know if I was sending a BEP2 or BEP20 coin and KuCoin (where I was sending from) didn't tell me which version I was sending. So I was worried if I guessed that wrong my entire deposit would just disappear. It's all very tough to trust myself with not screwing up if I were looking to move ~$50,000 around for the next bluezilla IDO, even though I think it would turn a nice profit.
Thanks for coming to my TED talk.
TLDR version in bold.
Last night I participated in my first IDO, pulsepad. It is a product of Bluezilla, and their niche is "launchpads". Essentially they IDO a bunch of stuff, typically at very low market caps, and the people that own their previous coins and stake them are the ones that get access to the new IDO launch. Given the low supply and low market cap of these launches, almost all of them 10-150x out of the gate.
For instance Tronpad IDO'd for $0.004, currently sitting at $0.14. ADAPad IDO's at $0.004, currently sitting around $0.70.
Pulsepad IDO price was $0.001, with a total market cap of only $170k.
What's the catch, right? More on that later.
Getting an allocation of IDO shares requires a minimum staking investment in one of the previous launchpad coins. By far the cheapest to get in with was TronPad, where you had to have 50,000 Tronpad coins staked. At a cost of $0.14 for each, that's $7500 I needed to buy and lock up via staking. The stake time is only a week, and APY is 15% annually so I'll at least get some interest on that stake, though I (so far correctly) was expecting the Tronpad coin price to drop after the pulsepad IDO.
Buying Tronpad was a huge PITA. For a seasoned dexer I'm sure it's easy, but this was my first run at buying something not through Metamask (didn't want to pay the huge gas fees). It made it more complicated that I was doing this last minute and when I tried to buy coins that I could eventually convert to Tronpad I had to sign up for exchanges that I wasn't on before, several of which put locks on withdrawing until my account was open for several days (which wouldn't work here).
After getting stuck with a bunch of money in Binance that I apparently can't withdraw/transfer until my account is 10 days old, I settled on KuCoin, even though a lot of options are limited there since I'm in the US. KuCoin allows me to swap to TRX (tron), which I can then swap to Tronpad via the TronLink wallet. It took me a while to figure out KuCoin, and I made some transfers I didn't need to, but ultimately the flow is...
- Deposit USD into coinbase pro (can't deposit USD into KuCoin in the US)
- Buy USDT on coinbase pro
- Transfer USDT from coinbase to KuCoin
- Swap USDT to TRX on KuCoin
- Transfer TRX from KuCoin to Tronlink Wallet
- Swap TRX to Tronpad in PancakeSwap, connected to Tronlink Wallet
- Stake Tronpad on the tronpad website
So the moment of truth finally came. I set my alarm early to make sure I could accept my IDO shares. And voila, there they were in the interface on the Tronpad website. My whole.......12 dollars worth.
And I guess that's the catch. These things are popular enough now that with such a low supply there's not much allocation to go around. So at the lowest tier (50,000 tronpad), I got the opportunity to buy $12 worth of pulsepad at $.001.
Now for the good part. Pulsepad trading just opened about an hour ago and it opened at $0.14, and currently sits around $0.16. So on my Pulsepad tokens I'm currently sitting on around 160x gains, or around $2,000 worth of tokens on my $12 IDO buy. I do have a short lockup period (20 days I believe) where I get penalized if I flip the pulsepad tokens right away.
But of course that $12 was only part of the cost. I have no idea what I spent total in fees transferring all those coins around, though since it's off the ethereum network I'm guessing it's not TOO bad. The bigger question will be what my $7,500 worth of Tronpad that is currently staked will be worth when it is unlocked in 6 days. Tronpad is already down over 20% today so that $7500 is now worth $6750. On the bright side looking at the charts it seems these launchpad coins tend to bounce back since there will eventually be another project they are required for, but I don't want to tie up the money that long. I think this makes more sense for people that are just going to hold those coins long-term and get in on every project, and then the ebbs and flows of Tronpad price action matter less.
It could easily drop more over the next 6 days as other people's stakes unlock and they ditch the coins they only bought to get in on the pulsepad IDO, but I'm guessing most of them are more seasoned than me and started their stake a week ago instead of last minute like I did, so their stake would expire right after they got their pulsepad tokens.
So all in all yes, I did get my 140x gains. The "catch" was that I could only invest $12 for that 140x gains, and the token I had to stake to get that access is almost certain to lose value while I have it tied up.
I was in the lowest of 3 tiers. I could have staked more to receive a larger allocation of pulsepad. In the end I think I will make a relatively safe profit on this, so staking more to get a larger allocation is probably worth it. However, the reason I probably still won't do that on the next project they have is that I am an idiot, and I don't feel at all comfortable moving $50,000 around through that transfer process above without screwing something up, which could cause me to lose all of that money to the void. Not mentioned in that process is that I first tried to do the transfer using BNB with Trust wallet but Trust Wallet wanted to know if I was sending a BEP2 or BEP20 coin and KuCoin (where I was sending from) didn't tell me which version I was sending. So I was worried if I guessed that wrong my entire deposit would just disappear. It's all very tough to trust myself with not screwing up if I were looking to move ~$50,000 around for the next bluezilla IDO, even though I think it would turn a nice profit.
Thanks for coming to my TED talk.
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Captain Cranks
Footballguy
I'm sure there is but it's always difficult to find at the time it's occurring. I try to wade through Twitter to find out but it's mostly just degens getting excited about the pump or posting some half-assed technical analysis.
Captain Cranks
Footballguy
Yep. I went through this process a couple months ago with Trustpad. I had to stake $4K worth of TPAD in order to get allocated $30 of whatever IDO they had at the time. It ended up working out ok, but when they increased the staking requirement by 50% I bowed out of the process.
Another thing to consider is that US residents aren't allowed to participate in IDOs unless they meet Accredited Investor status. While I do, I never submitted any KYC into Trustpad and later saw under their terms and conditions that the IDOs aren't open to US resident. Ooops.
JerseyToughGuys
Tough Guy
Kinda feels like Fall 2017 with folks climbing way out on the risk curve.
goodtimes!
goodtimes!
JerseyToughGuys
Tough Guy
KGB
Footballguy
DocHolliday
Footballguy
This thread reminds me that I am old and dumb. Thank you.
beer 30
Footballguy
And this is, 100%, the primary reason I haven't jumped even deeper into the nonsense. Could they make it any more difficult to take my money? Love seeing the success stories but it's more time & effort than I have right now.
beer 30
Footballguy
Captain Cranks
Footballguy
THAT was the worst I've come across. The transitioning from a centralized exchange to a decentralized exchange is much simpler and opens you up to a lot more options. Chaos Commish has successfully converted me.
DocHolliday
Footballguy
I am getting my feet wet going a simple route with coinbase. Not throwing much money around and sticking to common coin. I’m not going to be rich instantly but maybe I can make a little jack over the years.
Captain Cranks
Footballguy
You're still earlier than most and there's a ton of money to be made over the next 5-10 years. Just expect a lot of ups and downs and try to buy when everyone is selling and sell when everyone is buying.
JerseyToughGuys
Tough Guy
BTC coiling at 68500
SFBayDuck
Footballguy
I put some into this on Coinbase just for the 4% interest, good to see it running a bit.
DocHolliday
Footballguy
Great advice. I plan to watch this thread closely and listen to knowledgeable posters for other good advice.
Chaos Commish
Footballguy
As far as I know it's Binance. Register there and set up the account with your bank info. There's options for adding credit and debit cards. There's a kyc process. Once that's done use Binance Academy tutorials. One will walk you through moving crypto from you hardware wallet to your new wallet on the exchange. Another will walk through moving that crypto from whatever it is to USD and wiring your bank or crediting your card. I believe they recently added instant debit card transfers.
beer 30
Footballguy
What I did just a little earlier than you.DocHolliday said:
I will say, the Voyager app that Mark Cuban talked me into getting on by giving me $100 is really making me think about moving some off Coinbase. I like the up to the second stats that show you average dollar so you always know where you are at with a coin. I don't like the transfer process from one coin to another. Coinbase makes that seamless and one of the main reasons I like it so much.
urbanhack
Fight The Power!
Blockfi sucks for this and they only have a few coins. I think I'm moving all my assets to Voyager from there. I'll pretty much be getting the same interest rates.
beer 30
Footballguy
Other than my initial investment, I haven't moved much around, bought some #TeamALGO and ETH along with the nice gift of BTC Mr. Cuban gave me. I'm sure if I spent some time on it I'd have a better feel for it but I've been on Coinbase so long, it's what I'm accustomed to and measure all the other sites against. Not a fair comparison but Coinbase does make it easier than just about anyplace.
jb1020
Footballguy
That's the one thing coinbase lacks, the average cost of you coins. I'm shocked they don't have that. Coinbase is so user friendly, I almost don't mind the fees.
I did move everything from coinbase to coinbase pro. Just to set the limits.
I use Kucoin too, just to keep the smaller cap coins in rotation.
Majority of my crypto is on Blockfi. BTC, ETH and LTC have been drawing interest for about a year. I make no moves on blockfi.
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JerseyToughGuys
Tough Guy
jinxed it. will go back to shutting my mouth.JerseyToughGuys said:BTC coiling at 68500
Chaos Commish
Footballguy
https://medium.com/@metapunks.world/why-algorand-e7211775cf9dCaptain Cranks said:
Prety sure this is the cause. It's a pretty big deal and a good article on the weaknesses of others in comparison to ALGO. It has the smartest founder in all of crypto from a technical basis. It has been the best tech in the game for over a year. Love their take on ADA. Not a big fan of Becker, but we're likeminded on that for sure. I'm trying not to make changes until my Cake Stake hits it's one year freedom date, but more Algo is probably a good idea.
