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Bitcoin-Explain to me how to buy these things (3 Viewers)
- Thread starter Sheriff Bart
- Start date
KGB
Footballguy
KGB
Footballguy
CRBN $.21
couldnt sleep.
Just poking around and found this.
https://nomics.com/assets/crbn-carbon
No Idea about it, but looks interesting. purchased some.
couldnt sleep.
Just poking around and found this.
https://nomics.com/assets/crbn-carbon
No Idea about it, but looks interesting. purchased some.
Captain Cranks
Footballguy
From the outside looking in it seems like you're overtrading and now on full tilt. May be best to slow down a bit.KGB said:
Have you traded on Pancakeswap/Binance Smart Chain? Transactions fees are like $1.
Captain Cranks
Footballguy
It's never a bad idea to take profits, especially if you don't feel comfortable losing what you've built.I think I'm stepping down my "crypto" positions 50-75% this week unless someone here talks me out of it
Captain Cranks
Footballguy
I think you could have further downside to around 0.17 - 0.18 but the 200 DMA and breakout of previous ATH should provide support there. If it breaks below that, it'll likely hit $0.10. I've actually considered buying a little here myself. HEX seems to be somewhat uncorrelated to a lot of other crypto price action, which is a good thing. I don't trust Richard Heart as far as I can throw him, so I won't be locking anything up.
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Insoxicated
Moved out of 50% and going to see how this shakes out. Thanks for always keeping us in the loop GB.
Chaos Commish
Footballguy
Yup. Been biting my tongue good buddy @KGB. Last night I almost joked about your need for an intervention. Slow down bro. Wealth is created by hodling, not day trading. I wanted to dump my FEG. It was so disappointing and so many others seemed better. But I hodled. I wanted to dump my OMI. It had peeked, I fomo-ed, bought high, it was doing nothing. But I hodled. I wanted to take profits from Saitama. It was too good to be true and I've been burned before when something rocketed and crashed. But I hodled. All three are kicking butt for me now. Same can be said of several others. Those three are just documented in this thread.
I've created a hopeful strategy, marking all my transaction dates as locked until they're one year out to avoid further short term gains.
You've done amazingly well in unstrustworthy Richard Heart's projects. He has spent hours and hours explaining the strength of HEX is forcing owners to hodl cd-style. He goes through historical examples of how the day traders got wiped out while the hodlers get rich. I staked my HEX and stuck it in a file with Pulse that I do not look at.
Angry Beavers
Footballguy
I was reading about AVAX this morning. I took Shiba profits and got in. It looks like it could be a good long term project. Anyone with any deeper thoughts on this are greatly appreciated.
Captain Cranks
Footballguy
Gotta say, the profit taking days we're seeing in the markets have been very controlled and don't portend to us experiencing a blow-off top. I think we'll continue to see a rotation of money into and out of specific market segments but, unless we get a big news shock, the trend is still significantly bullish.
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JerseyToughGuys
Tough Guy
you guys playin' cards?
JerseyToughGuys
Tough Guy
Fun going back and reading the early days of this thread. FC was a hoot with his usual know-it-all nonsense.
JerseyToughGuys
Tough Guy
only own spot in 2 "alts" these days, one of which is $RUNE. If they can pull off what they are attempting, it will be a pretty big deal. Essentially cross-chain swaps (no need for "wrapped" tokens) and all sorts of derivatives that will flow from that like loans that automatically pay off principle.
Chaos Commish
Footballguy
I like it. Wish I went with it instead of Harmony a couple months back. I debated a few. Just went with a big apy on a start-up dex (viperswap) on Harmony. It's close as to which was the better choice, but it isn't close as to which is the more solid project. AVAX by a mile. If/When this bubble bursts, AVAX has much deeper roots to survive and thrive in the aftermath.
Forget Eth killers. It, Luna and Algo are potential ADA killers.
KGB
Footballguy
Thanks :hugs:
I went on a bit of a drunken rant the other night.
When all was said and done, fees and bad choices killed me. pretty sure im in for like 50K in fees from day trading crypto.
When im playing with house money I gamble differently than when not.
I'm going to cool down now. I've decided what to go in on until pulsechain releases.
Frankly, I'm kinda surprised "we" didnt see this one. (Or I missed it) Since i started trading crypto, www.crypto.com has been hammering me with ads, etc. They have the name and I assume some backing.
The rant night, I purchased 70,514 CRO @ $.26 (about $18K) Current value is $31K or so. So, Im trying to build back up but ones I actually like, vs the crypto of the day that went up 200% and im trying to hop on for a free 20% or whatever.
Tonight, I added 36529 CRO @ $.35
That's all im doing for crypto for now. (I also have what I call "family funds" in others. But those are not day trading things.) (SHIB, HEX, XRP, BAT)
Thanks everyone for the concern, you were right.
Good luck to all!
KGB
Footballguy
You could be right. There are enough people out there that call it a scam that they actually created a page...
https://hex.com/scam/
I'm not advocating either way, but it certainly seems like "staking" is the new cool thing and they have been doing it for awhile.
I've documented my $2K investment rising up to $750K in this thread.
Is it a good idea to get in now? Dunno
Chaos Commish
Footballguy
The infrastructure bill passed with the worst of the various anti-crypto provisions. On to Biden's desk where he will likely sign. This does not go into effect until 1/1/24. There's plenty of time for amending. Also plenty of time to make matters worse. This is the result of legacy banking lining pockets to influence votes. It may not be simple enough for the FUD to harm the market, but it sure could.
Captain Cranks
Footballguy
Are you sure it's 2024? I thought it was 2023. It would cripple crypto, especially the NFT market. As a buyer of anything over $10K, I'd have to get the sellers tax information or be committing a felony. Hopefully the crypto lobby, with the help of people like Pat Toomey, can get this fixed.
Chaos Commish
Footballguy
Yup. 2024. Midterm elections just became more important. I'm more interested in immediate fud than long term regulation. Unfortunately, there really isn't a crypto lobby. Lobbying is pretty much anethema to crypto thinking. No PAC. Maybe things change on that front, but I agree with those that prefer not giving the snakes one thin dime. Make calls, write email, make them take a side, expose those bought by legacy banking, and vote 'em out. A few republicans have taken a hard pro-crypto stand including McCarthy. Of course, 13 of them made this possible by joining the dems on the bill, so long road ahead. No need to panic.
Captain Cranks
Footballguy
The extra year certainly changes the dynamic for the better, that's for sure. Yeah, the Democrats are doing everything in their power to hand the midterms back to the Republicans. I'm not convinced the Republicans do anything differently since they love the banking industry too, but we'll see.
Captain Cranks
Footballguy
"The crypto provisions don't go into effect until 2024 (for FY2023 reporting)."
I think this means it's effectively implemented in 2023. For example, if I buy an NFT in January 2023, and the rules are implemented as-is, I will need to report the tax information of the seller to the IRS in 2024. Therefore, I'll need to get said information when I do the transaction in 2023. If I don't collect and report that information from my 2023 transaction, I'm committing a felony.
FreeBaGeL
Footballguy
Why the heck is their crypto stuff in an infrastructure bill? Man it's obnoxious that politicians can't just have a bill about something without fitting a dozen other things for their agenda that are completely unrelated in there. Like the tax bill a few years back that had provisions about Alaskan hunting in it.
Rirruto
Footballguy
So I guess everybody here fills out IRS Form 8300 when they make a large cash transaction? To be fair, you probably don't have to because your bank or PayPal or wherever has to do it for you.
I want crypto to go as mainstream as possible so I can make as much money as possible. It's inevitable it's going to be regulated in the way that everything else is.
I want crypto to go as mainstream as possible so I can make as much money as possible. It's inevitable it's going to be regulated in the way that everything else is.
Captain Cranks
Footballguy
No doubt, and I understand why the IRS would do this. The problem is trying to bridge the chasm between the centralized and decentralized worlds and whether there's a place to meet in the middle. Ultimately, I think decentralized exchanges that don't do any KYC are going to be closed to US residents. That includes NFT marketplaces like Opensea and likely goes as far as crypto-gaming where high value in-game assets are currently traded without reporting requirements. Whether the industry can make that transition without destroying a ton of projects remains to be seen.
Other regulatory inevitabilities include reducing trading leverage and ending pattern day trading for accounts below a certain amount.
I think we have another year before the easy money of the wild wild west crypto industry is available.
Captain Cranks
Footballguy
For you degens looking for the next memecoin pump, check out FLOKI and ELON. They have lower market caps and higher upside than DOGE/SHIBA.
Chaos Commish
Footballguy
KGB skip this post.
They've both eaten zeroes in the past couple weeks. They may keep going, but i prefer degens that haven't pumped so hard.
Wolverinu, Hamster, BabyFloki, Tsuzuki, Helios, Finu...
Not so degen. Nim, Omi, Ceek... all doing good things with a long way to go.
kicking myself for not jumping in MicroPets pre-sale on Pancake. It went 10x quickly, still probably a good buy.
Gun to my head... Wolverinu and Tsuzuki.
Already have a bunch of NIM and OMI and deep diving CEEK's ability to pull of their great idea.
Captain Cranks
Footballguy
Desert_Power
Footballguy
The interesting thing about this app is how often it tries to vibrate/flash price changes compared to regular brokerage apps. Bells and whistles like video machines at a casino. Finally got my $100 of free BTC posted yesterday though.
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KGB
Footballguy
When you purchase HEX, you have a choice. Stake or dont stake.
If you dont stake, you can buy and sell as you please just like any coin or stock.
If you stake, you are kinda entering a contract for how long you will hold. BUT YOU choose how long. It can be 1 day all the way to 5555 days.
In my case, I chose some random dates between 1 and 4 years or something. My 1 year came up and I cashed out 100K. My other $$$ is staked and there are VERY heavy penalties for ending a stake early.
But, sure you can buy hex and you choose if and how long to stake. But if you stake, you are pretty much stuck with what you chose.
What I have not talked about is the positives to staking. Besides the like 40% APR, it forces someone like me who loves to buy and sell, to HODL!!!!! I never would have held after a double or triple, or quaddruple, etc on my 2K investment without staking forcing me to.
Chaos Commish
Footballguy
It was one of my early moves into alts last January. I'm in at .41. It hasn't appreciated like I hoped and really lags in comparison to many others, but it is a very necessary crypto in heavy use by many of the biggest crypto projects. It provides data. Kind of serves as a back-end project for developers of other coins. Self-described as an indexing protocol. It's biggest competition is/was Arweave. They "merged/bridged" whatever last August and Arweave mooned, The Graph stayed sideways. Like Dexes the indexing protocol space is getting diluted by many upstart projects seeking a piece of the action. I'm "neither here nor there" on it these days, and it's on my short list of assets to use to buy something else to be honest.
So sure, it's probably gonna rocket if/when I get out.
CowboyFan4822
Footballguy
I'm mostly in the safer long term coins (BTC, ETH, SOL, etc.) and only use Coinbase Pro at the moment. Out of the coins on there are any of them a better degen big game gamble than the other ? I've SHIBA for a while and saw KGB post CRO. Any others worth while? Thanks !
JerseyToughGuys
Tough Guy
Anyone trade BTC/ETH options?
KGB
Footballguy
KGB
Footballguy
Check into XRP - Can be purchased on UPHOLD app
top 10 coin
blacklisted in lots of plces because of fight with SEC
May settle soon.
Not sure if its a buy the rumor, sell the news type thing though.
Captain Cranks
Footballguy
They don't appear to have many degen meme coins. There are some good mid-cap layer 1s with 5-10x upside. ATOM, ALGO, and AVAX stuck out to me when looking over the list.
To get to the 50-100x type stuff, you need low market cap coins found on Kucoin or the decentralized exchanges.
Chaos Commish
Footballguy
Yeah, I scrolled through their 117 assets and didn't see anything that answered his question that I know about anyway.Captain Cranks said:
@CowboyFan4822I was a broken record on this for awhile - defi is what crypto should be about. Centralized exchanges are a barely necessary evil to me. Be your own bank. Not your keys, not your money. Serum and Raydium are excellent decentralized, non-custodial exchanges on Solana. Since you have some Sol, maybe check them out. Chances are a whole new world of degeneracy awaits you.
Some think DEXes are more complicated than CoinBase and Binance etc. Only the learning curve. Once you get the idea, I find them easier. Then you can probably buy some babydogemooninuelon if you want.
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JerseyToughGuys
Tough Guy
haha, not as far out on the risk curve as trading some of those altsKGB said:
JerseyToughGuys
Tough Guy
Check out ThorSwap. Decentralized cross-chain swaps. Swap BTC for ETH without messing with wrapped tokens. It's pretty rad.
Captain Cranks
Footballguy
It's starting to feel like the liquidity/low volume concerns people had for HEX are coming to fruition. This is just speculation, but more people are selling due to unlocking/profit taking and the lack of overall volume is pushing the price down more than if it had more liquidity. Hopefully things stabilize and get back to moving in the right direction.
