Bitcoin-Explain to me how to buy these things (1 Viewer)

[FreeBaGeL]

I have no idea how to answer the shady stuff question.  I would need more info, but NEVER EVER give way your meta mask info.

Even if you "notoriously" lose ####.  dont.  grow up when it come to this.

Buy a laptop  that is only for $$$ stuff and surf porn somewhere else. 

To be clear, it's connecting to the crypto project websites I'm worried about leaving me vulnerable, not my pr0n surfing which I assure you is very classy.

For instance some lower tier projects like I was looking at some Dao forks.  As I understand it connecting my metamask to their website to stake their crappy dao fork with 3 trillion % APY could leave me vulnerable since I'm connecting my metamask to superl337dao or whatever to try and get in early.  Would a hardware wallet project me from that?

 

[Chaos Commish]

That and EFI still aren't listed on any prominent centralized exchange and unfortunately you'll have to pay high gas fees to purchase on uniswap or sushiswap.

Coinmarketcap has a comprehensive list of the options.

Always look at youtube for a tutorial. FTX is a solid exchange though unavailable in NY. That link walks through using usdt which is what I wanted to do. It was one of the easier purchases I've made. Nice gains already. Fees were were under $20 through the process. 

 

[Captain Cranks]

Always look at youtube for a tutorial. FTX is a solid exchange though unavailable in NY. That link walks through using usdt which is what I wanted to do. It was one of the easier purchases I've made. Nice gains already. Fees were were under $20 through the process. 

Nice...that's Sam Bankman-Fried's exchange on Solana.  Not sure how I missed them on the list.  

 

[Captain Cranks]

I've been hearing the phrase "follow the developers" lately as it relates to which projects to invest in.  Basically, the theory goes if developers are putting their human capital to work on something, that's where the financial capital should be too.  Solana just had a conference last week where apparently developers and VCs came out in droves.  One influencer described it as the same scene he witnessed with Ethereum in 2017.  

 

[Chaos Commish]

I've been hearing the phrase "follow the developers" lately as it relates to which projects to invest in.  Basically, the theory goes if developers are putting their human capital to work on something, that's where the financial capital should be too.  Solana just had a conference last week where apparently developers and VCs came out in droves.  One influencer described it as the same scene he witnessed with Ethereum in 2017.  

They shut down in September but there was a developers chat on telegram for almost a year. It's where I got the dirt on Charles and started selling ADA. Freelancing devs who can get the jobs they want do not like him one bit. Call him a fraud and a bully and a liar and and and. Said Cardano was so slow to develop because good devs won't play his games, bla bla bla. Then mods fought over what devs should and shoudn't reveal and boom, closed the room.

edit, pretty sure your man becker got the same info. notice when he trashes ada and some make jokes he likes in replies he says, "dm me". like me he doesn't want to share it publicly.

 

[[icon]]

I've been hearing the phrase "follow the developers" lately as it relates to which projects to invest in.  Basically, the theory goes if developers are putting their human capital to work on something, that's where the financial capital should be too.  Solana just had a conference last week where apparently developers and VCs came out in droves.  One influencer described it as the same scene he witnessed with Ethereum in 2017.  

This is actually a really good mindset. 
 

Hi @Joe Bryant

 

[Captain Cranks]

edit, pretty sure your man becker got the same info. notice when he trashes ada and some make jokes he likes in replies he says, "dm me". like me he doesn't want to share it publicly.

That's not him.  That's @zssbelcker or @zssbelcher or @zssbeckner.  

They're running out of letters.

 

[beer 30]

Buy a laptop  that is only for $$$ stuff and surf porn somewhere else. 

Holup, nobody ever covered this with me when I started this nonsense

 

[Nathan R. Jessep]

Comprehensive walkthrough on best security practices. 

This is a great document. Need to add it to the O.P. for reference! 

 

[Capella]

I've been hearing the phrase "follow the developers" lately as it relates to which projects to invest in.  Basically, the theory goes if developers are putting their human capital to work on something, that's where the financial capital should be too.  Solana just had a conference last week where apparently developers and VCs came out in droves.  One influencer described it as the same scene he witnessed with Ethereum in 2017.  

Bought some of this recently. Would love to see it. 

 

[Swaymoney]

Funny, someone just mentioned buying Solana to me just yesterday. Just have to figure out where I sign up to buy it...

 

[FreeBaGeL]

Funny, someone just mentioned buying Solana to me just yesterday. Just have to figure out where I sign up to buy it...

Solana is available on basically any exchange.  Coinbase probably the easiest.

 

[Captain Cranks]

This is a great document. Need to add it to the O.P. for reference! 

I've been thinking of creating a reference post since OP isn't updating.  Then we can just refer to stuff like this without repeating ourselves as new people come in.  

 

[urbanhack]

I've been thinking of creating a reference post since OP isn't updating.  Then we can just refer to stuff like this without repeating ourselves as new people come in.  

That would be awesome.  Thank you.

 

[Sand]

To be clear, it's connecting to the crypto project websites I'm worried about leaving me vulnerable, not my pr0n surfing which I assure you is very classy.

For instance some lower tier projects like I was looking at some Dao forks.  As I understand it connecting my metamask to their website to stake their crappy dao fork with 3 trillion % APY could leave me vulnerable since I'm connecting my metamask to superl337dao or whatever to try and get in early.  Would a hardware wallet project me from that?

If you give a degenerate dapp permissions it can reach into your wallet and clean it out.  Couple thoughts - Research on RugDoc to see how risky that project is.  Be vigilant about killing old contacts.  Use two instances of Metamask - one with the cold wallet for safe stuff and a hot instance for the degen stuff.  That way things are compartmentalized.  

Also, from my reading a site that has been hacked is likely to be hacked again.  Those should always go on a permanent red list.

 

[Swaymoney]

Solana is available on basically any exchange.  Coinbase probably the easiest.

Thx, I think they have some of the higher fees for transactions. Was looking at Robinhood as it looks like they have no fees.  Is that possible with all others having minimal fees of .99 to upwards of 4.5% on coinbase. 

 

[McBokonon]

Thx, I think they have some of the higher fees for transactions. Was looking at Robinhood as it looks like they have no fees.  Is that possible with all others having minimal fees of .99 to upwards of 4.5% on coinbase. 

Coinbase Pro is cheaper. It’s a separate app but is linked to regular coinbase.

 

[Swaymoney]

Coinbase Pro is cheaper. It’s a separate app but is linked to regular coinbase.

Thank you, good info.  Is that what you've have experience using and have had no issues?

 

[Captain Cranks]

AVAX and EGLD have been on quite a tear.  I hit my 2x profit target on avax, so sold 16% of my position this am.  Now I'm getting close on EGLD.  

ETA - Alex Becker has been talking about MOVR and expects a big move there soon.  That's one you can find on Kucoin. 

 

[Sand]

AVAX and EGLD have been on quite a tear.  I hit my 2x profit target on avax, so sold 16% of my position this am.  Now I'm getting close on EGLD.  

ETA - Alex Becker has been talking about MOVR and expects a big move there soon.  That's one you can find on Kucoin. 

This is probably why and why I want to buy. 

 

[KGB]

I have no idea how to answer the shady stuff question.  I would need more info, but NEVER EVER give way your meta mask info.

Even if you "notoriously" lose ####.  dont.  grow up when it come to this.

Buy a laptop  that is only for $$$ stuff and surf porn somewhere else. 

I came off as an ### here.  sorry about that.  just dont want you getting ripped off. 

 

[KGB]

In for some more CRO @ .575

 

[KGB]

A couple other "lower cap gems" in the metaverse segment are SUPER and EFI.  Efinity is Enjin's (ENJ) metaverse play being built on the Polkadot ecosystem.  SUPER is a gaming and NFT launchpad co-founded by Ellio Wainman, a crypto influencer and co-developer of the Neo Tokyo community with Alex Becker.  These dudes aren't effing around. 

"People need to stop thinking in TODAYS 6 and 7 figures and think of the 8 and 9 and even 10 figure moves coming in gaming crypto. The metaverse will make more billionaires than social media."

https://nomics.com/assets/efi2-efinity

might be a good jumping in point?

 

[FreeBaGeL]

I came off as an ### here.  sorry about that.  just dont want you getting ripped off. 

I didn't take it that way.  We ride or die together bruv.

 

[Captain Cranks]

https://nomics.com/assets/efi2-efinity

might be a good jumping in point?

Long term, yes.  Short term, I'm not a huge fan of jumping in after stuff has pumped.  This one hasn't pumped as hard as other meta plays like MANA, SAND, and WILD so it's less risky than those at the moment.  I may start nibbling now that I know I don't have to pay crazy transaction fees on SUSHI.

 

[b-snatchers]

Just started learning about crypto so not as experienced as everyone on this topic.

Just to get my feet wet, I invested a small amount across the following (25% each).

BTC, ETH, SOL and DOT.

Does that make sense for a beginner?

 

[urbanhack]

Did this happen to anyone else???

https://www.smobserved.com/story/2021/11/20/news/yen-stablecoin-gyen-in-a-standoff-with-coinbase-other-major-crypto-currency-exchanges/6211.html

I dabbled in this during the few days it was available on Coinbase. It's now not tradeable, but it's sitting in my account saying the value is $9,000 even though I only bought $250 worth.   

 

[Swaymoney]

Just started learning about crypto so not as experienced as everyone on this topic.

Just to get my feet wet, I invested a small amount across the following (25% each).

BTC, ETH, SOL and DOT.

Does that make sense for a beginner?

Same here and you picked 2 biggies and 2 promising ones to start with so makes sense. GL!  Where did you buy?

 

[b-snatchers]

Voyager

 

[McBokonon]

Thank you, good info.  Is that what you've have experience using and have had no issues?

I’ve had no issues. I have experience with a bunch and Coinbase Pro is just fine. You won’t have access to the degen, early stage stuff but everything available on Coinbase is available there. And after a week or so you can withdraw it into Regular Coinbase if you prefer.  If it’s a crypto with an APY you’ll have to do that to earn.

 

[Nathan R. Jessep]

AVAX and EGLD have been on quite a tear.  I hit my 2x profit target on avax, so sold 16% of my position this am.  Now I'm getting close on EGLD.  

ETA - Alex Becker has been talking about MOVR and expects a big move there soon.  That's one you can find on Kucoin. 

I am pretty sure I bought some ####coins on Kucoin a few years ago and it's just been sitting there. Have no clue how much or what they were trying to get back into my account and had to re-verify. Hopefully got some assets there so I can pick up some MOVR before it's too late. 

 

[Swaymoney]

I’ve had no issues. I have experience with a bunch and Coinbase Pro is just fine. You won’t have access to the degen, early stage stuff but everything available on Coinbase is available there. And after a week or so you can withdraw it into Regular Coinbase if you prefer.  If it’s a crypto with an APY you’ll have to do that to earn.

Dumb question - what's APY?  Annual percentage yield?

 

[McBokonon]

Dumb question - what's APY?  Annual percentage yield?

Yeah. Some crypto pays interest

 

[Captain Cranks]

I am pretty sure I bought some ####coins on Kucoin a few years ago and it's just been sitting there. Have no clue how much or what they were trying to get back into my account and had to re-verify. Hopefully got some assets there so I can pick up some MOVR before it's too late. 

Oh, man.  Hopefully you stumble upon a goldmine.  

 

[Chaos Commish]

I've been thinking of creating a reference post since OP isn't updating.  Then we can just refer to stuff like this without repeating ourselves as new people come in.  

I have a post halfway down page 1. I should be a gazillionair already. But if you want to cobble together reference material, I can paste to page 1, just not the OP.

Also I was about to type that I think I have crypto burnout. Watching my portfolio soar to unexpected heights only to crash more than I have ever earned in a year was exhausting and a little paralyzing. Just didn't know what to do.

Before typing crypto burnout, I googled it to see if it's a thing. I just got a bunch of explanations of coin/token burns. Burned me out more. Meh. I don't love my personal index fund as much as I once did, but I think I need to step away, let it ride, and ignore this stuff for a couple weeks. It's not easy to do.

 

[Captain Cranks]

I have a post halfway down page 1. I should be a gazillionair already. But if you want to cobble together reference material, I can paste to page 1, just not the OP.

Also I was about to type that I think I have crypto burnout. Watching my portfolio soar to unexpected heights only to crash more than I have ever earned in a year was exhausting and a little paralyzing. Just didn't know what to do.

Before typing crypto burnout, I googled it to see if it's a thing. I just got a bunch of explanations of coin/token burns. Burned me out more. Meh. I don't love my personal index fund as much as I once did, but I think I need to step away, let it ride, and ignore this stuff for a couple weeks. It's not easy to do.

I went through the same thing with NFTs; complete mental exhaustion.  It's like someone stuffed me in one of those gameshow containers and had me grabbing $100 bills.  After a few weeks I became a zombie and no longer had interest in grabbing the money.  I've since settled down and am content just letting my current stuff ride (for the most part).  There are a couple projects I'm in that give me access to other things, but other than that I'm content just chilling.  

The psychology of trading, especially in this space, is very difficult.  Learning how to distance yourself from the emotional attachment of wins and losses is not easy and the reason why most fail.  

Good luck on your efforts to step away.  It's healthy and you'll come back refreshed and more clear headed.  

 

[Sand]

So as it turns out MOVR is a PIA to get a hold of.  Moved some various items over to Kraken to get it and it turns out Kraken lists it, but then kindly informs you that it isn't for US folks.  Sigh.  So I figure I can just swap for it on Solarbeam.  Convert to USDT, move to Metamask, and then try to send to SB.  Denied - no gas.   .  Umm, yeah, I should have remembered that.

So now I have a bunch of USDT stuck in my wallet and am trying to figure out the fastest, cheapest way to get the darn things out of hock.  Every step costs so much damn money.  This is going to be an expensive lesson.

 

[the moops]

Why the #### is it so damn complicated to buy some of these coins? It's ludicrous

 

[KGB]

So as it turns out MOVR is a PIA to get a hold of.  Moved some various items over to Kraken to get it and it turns out Kraken lists it, but then kindly informs you that it isn't for US folks.  Sigh.  So I figure I can just swap for it on Solarbeam.  Convert to USDT, move to Metamask, and then try to send to SB.  Denied - no gas.   .  Umm, yeah, I should have remembered that.

So now I have a bunch of USDT stuck in my wallet and am trying to figure out the fastest, cheapest way to get the darn things out of hock.  Every step costs so much damn money.  This is going to be an expensive lesson.

Yep!  Fee are crazy!  I thought it was supposed to be cheaper on the weekend!

$400 yesterday to buy some more hex.  Ugg

 

[beer 30]

Why the #### is it so damn complicated to buy some of these coins? It's ludicrous

Ok Boomer 

The #1 reason I will never get rich with this stuff. Can't deal with all this nonsense to buy something I am willingly wanting to give you money for. If you can't make it easier than @Sand experience above, you don't deserve my 

 

[Nathan R. Jessep]

I am pretty sure I bought some ####coins on Kucoin a few years ago and it's just been sitting there. Have no clue how much or what they were trying to get back into my account and had to re-verify. Hopefully got some assets there so I can pick up some MOVR before it's too late. 

Got in. A whopping $10 of LTC I guess I transferred most everything over to ETH and out of Kucoin then quit using it. Just traded it for $10 worth of MOVR though. Lambos?

 

[Nathan R. Jessep]

So as it turns out MOVR is a PIA to get a hold of.  Moved some various items over to Kraken to get it and it turns out Kraken lists it, but then kindly informs you that it isn't for US folks.  Sigh.  So I figure I can just swap for it on Solarbeam.  Convert to USDT, move to Metamask, and then try to send to SB.  Denied - no gas.   .  Umm, yeah, I should have remembered that.

So now I have a bunch of USDT stuck in my wallet and am trying to figure out the fastest, cheapest way to get the darn things out of hock.  Every step costs so much damn money.  This is going to be an expensive lesson.

Kucoin just let me exchange USDT for MOVR with no issues  

 

[Sand]

Ok Boomer 

The #1 reason I will never get rich with this stuff. Can't deal with all this nonsense to buy something I am willingly wanting to give you money for. If you can't make it easier than @Sand experience above, you don't deserve my 

Did I mention I got some ETH out there to transfer and then changed USDT over to the Moonriver network?  And that now I'm stuck again because I need MOVR to buy MOVR with my USDT sitting there?

I'm definitely doing this the hard way as it turns out that Kucoin actually has MOVR...

 

[Sand]

Kucoin just let me exchange USDT for MOVR with no issues  

 

Finally got it done.  ALL the way around the crypto world.  

 

[KGB]

Wow, even eth is down big.  

Thats where I've been saving my money in something safe.  To move into stuff later

Oops 

 

[urbanhack]

Ok Boomer 

The #1 reason I will never get rich with this stuff. Can't deal with all this nonsense to buy something I am willingly wanting to give you money for. If you can't make it easier than @Sand experience above, you don't deserve my 

I think this is a really good point. Time. You need a lot of time if you want to make smart decisions and try to understand everything in this web3/crypto/nft/defi universe.

I initially did it because I don't want to be left behind in Tech. I've worked in software / digital marketing and I want to stay ahead of the curve. Getting all the platforms setup, wallets connected, different types of transactions, etc....it all takes a lot of TIME let alone the time spent reading blog posts and watching youtube videos. 

 

[FreeBaGeL]

So as it turns out MOVR is a PIA to get a hold of.  Moved some various items over to Kraken to get it and it turns out Kraken lists it, but then kindly informs you that it isn't for US folks.  Sigh.  So I figure I can just swap for it on Solarbeam.  Convert to USDT, move to Metamask, and then try to send to SB.  Denied - no gas.   .  Umm, yeah, I should have remembered that.

So now I have a bunch of USDT stuck in my wallet and am trying to figure out the fastest, cheapest way to get the darn things out of hock.  Every step costs so much damn money.  This is going to be an expensive lesson.

It's on KuCoin and Gate.io.

 

[FreeBaGeL]

Why the #### is it so damn complicated to buy some of these coins? It's ludicrous

It's early.

Imagine trying to buy a pink slip stock 1 year after the stock market was invented.

 

[stbugs]

I think this is a really good point. Time. You need a lot of time if you want to make smart decisions and try to understand everything in this web3/crypto/nft/defi universe.

I initially did it because I don't want to be left behind in Tech. I've worked in software / digital marketing and I want to stay ahead of the curve. Getting all the platforms setup, wallets connected, different types of transactions, etc....it all takes a lot of TIME let alone the time spent reading blog posts and watching youtube videos. 

That’s why there will be few winners (some maybe already having public stock) and mostly losers. I think I noticed an article that said there are more coins now than stocks (maybe just on the big exchanges). Most have probably been created in the past few years so there’s likely tons more coming. I can just imagine the horror @Sand will be going through trying to move his coins through five different exchanges, 4 wallets, 15 different coins and 3 NFTs when the crypto market has an actual bad day.

 

[Sand]

I can just imagine the horror @Sand will be going through trying to move his coins through five different exchanges, 4 wallets, 15 different coins and 3 NFTs when the crypto market has an actual bad day.

You mean today, right?  

No NFTs here.  Most are crayon drawings by third graders.  DeFi, yes.  Which is way, way easier, right?  (just like the old poker days, the money is just waiting to be picked up off the ground.  Just gotta figure out the system so it can be picked up.)

ETA:  Vast majority of my stuff is either in GBTC/ETHE in Fidelity or stuffed into Celsius/Blockfi for 9% on USDC.  The stocks/bonds of the crypto world.  The small degen account is for the rest of this stuff.