Jump to content
Fantasy Football - Footballguys Forums

Bitcoin-Explain to me how to buy these things


Recommended Posts

Posted (edited)
23 minutes ago, Sudoku_in_the_Bathtub said:

It's the Chewy of bitcoin.

 

6 minutes ago, ConstruxBoy said:

More like the Enron of bitcoin. 

Could you guys flesh out your opinion please? Im looking to throw $500 at something just to get my feet wet. Should have bought this at 1 cent. 

Edited by STEADYMOBBIN 22
Link to comment
Share on other sites

5 minutes ago, CR69 said:

Exactly

Explain this to me like Im 5. 

 

Ironically, one of the Enron dudes who didnt go to jail lived 3 houses over from me. Dude added a addition that tripled his house size back then. They moved away about 6 years ago. 

Link to comment
Share on other sites

3 hours ago, STEADYMOBBIN 22 said:

 

Could you guys flesh out your opinion please? Im looking to throw $500 at something just to get my feet wet. Should have bought this at 1 cent. 

I was just trying to be funny. 

 

But all these #### coins are really risky when you don't understand and have insight to their workings and designs. Could lose all your money. 

Link to comment
Share on other sites

2 minutes ago, ConstruxBoy said:

I was just trying to be funny. 

 

But all these #### coins are really risky when you don't understand and have insight to their workings and designs. Could lose all your money. 

I figured I’ll just throw $100 on it and see what happens. 

  • Like 1
Link to comment
Share on other sites

That's reasonable. My view is that crypto is almost like a riskier version of tech/bio stocks. You get less risk but likely less return with AMZN, APPL, BTC, ETH, etc. The #### coins are almost like CYDY but with smarter (I'd have to assume) leaders. They may moon or they may crash. 

Link to comment
Share on other sites

While out walking the dog at 7:00 AM this morning I passed a dude walking his pup who said, out of the blue, "random tip for the day - buy dogecoin."  Looks like at that time it was up 40% in 24 hours.  

Reminds me of the "when your Uber driver starts giving you stock tips, the bubble is about to burst" thing.

  • Like 2
  • Love 1
Link to comment
Share on other sites

1 hour ago, Angry Beavers said:

there will be a correct - what until after Elon is on SNL  - then I am dumping DOGE

Exactly.  If you have any Doge, I'd be selling it all about 2 am Sunday morning.  

Anyone get in on Telcoin this past week?  I got pretty lucky and snagged it at .007.  Sold my initial investment and letting the rest ride to .02.  Its currently sitting at .019. 

It would likely go higher, but I'm trying to bag these big swings and move on.    

Link to comment
Share on other sites

Posted (edited)

So I put 3,000 into Doge in January because my little brother mentioned it to me. I wanted to do some penny stocks and decided why not roll the dice with Doge. My 3,000 dollars got me about 119,000 coins with an avg price of about 2 cents. After continuously debating on when to sell and how much, I sold some today. My account was around 70K from the 3,000 dollar investment 😂🤣😂🤣😂. I sold 19,000 coins for 10K just in case this thing ever crashes. Now I'll be riding my remaining 100K shares of Doge priced at 2 pennies to the moon! Crazy day today!

Edited by JShare87
  • Like 4
  • Love 4
Link to comment
Share on other sites

4 minutes ago, jb1020 said:

Exactly.  If you have any Doge, I'd be selling it all about 2 am Sunday morning.  

Anyone get in on Telcoin this past week?  I got pretty lucky and snagged it at .007.  Sold my initial investment and letting the rest ride to .02.  Its currently sitting at .019. 

It would likely go higher, but I'm trying to bag these big swings and move on.    

I think it goes down huge on Saturday just like the Doge Day thing. Doing the same thing, building up until the day only to fall like a rock. 

Link to comment
Share on other sites

1 hour ago, Angry Beavers said:

there will be a correct - what until after Elon is on SNL  - then I am dumping DOGE

Wait i missed this. He’s going to be in SNL?  I’m not a fan of doge but i could see a good pump coming from that.  

Link to comment
Share on other sites

4 hours ago, SFBayDuck said:

While out walking the dog at 7:00 AM this morning I passed a dude walking his pup who said, out of the blue, "random tip for the day - buy dogecoin."  Looks like at that time it was up 40% in 24 hours.  

Reminds me of the "when your Uber driver starts giving you stock tips, the bubble is about to burst" thing.

All I know is that this doesn’t sound like a rational approach to investing from the CNBC article:

“If there becomes enough of a community around an asset, and that community decides to effectively create long-term value through some form of declining supply cap over time, that could actually equate to a valuable currency,” said Mike Bucella, BlockTower Capital general partner.

The real value is in today’s meme-driven culture and doge represents the network value of memetics, which may prove to be enormous. If at some point, the DOGE community decides to implement a burn or new supply mechanism, via a protocol hard fork, then this value will have a higher likelihood of being retained long-term.”

Link to comment
Share on other sites

7 minutes ago, Payne said:

So am I waaaayyyyyyy too late to learn and become a part of whatever is going on? My brother-in-law says it's not difficult.

come on in - the water is warm

1) Open Coinbase account

2) Fund Account

3) Profit

Doge  - probably too risky at this point but can be bought on Robinhood or Uphold

ETH  - Just getting started

BTC  - still a good buy if you find the dips

HTH

Link to comment
Share on other sites

22 hours ago, STEADYMOBBIN 22 said:

Explain this to me like Im 5. 

 

Ironically, one of the Enron dudes who didnt go to jail lived 3 houses over from me. Dude added a addition that tripled his house size back then. They moved away about 6 years ago. 

It was created as a joke and is literally a copy of bitcoin (like litecoin) with a dumb name. These meme stocks and coins are going to end badly. That's not saying you can't make money on them but don't be greedy and tread lightly. This feels like buying GME at $400. It'll probably go up a little more but the drop will be quick and hard. 

  • Like 6
Link to comment
Share on other sites

18 minutes ago, CR69 said:

It was created as a joke and is literally a copy of bitcoin (like litecoin) with a dumb name. These meme stocks and coins are going to end badly. That's not saying you can't make money on them but don't be greedy and tread lightly. This feels like buying GME at $400. It'll probably go up a little more but the drop will be quick and hard. 

Elon gonna add a nice chunk to his fortune and leave all the rubes holding the bag

  • Like 1
Link to comment
Share on other sites

What's the next Doge?  I know that's the million dollar question, but what are you taking stabs on?  Safemoon seems meme-like, but also a little more legit.  I know there are others catching your eye though.  Looking to dump a few hundred into something.  Or spread it out in smaller chunks?

Link to comment
Share on other sites

Is there an unwritten rule on when to move crypto from say Coinbase to a wallet?  I guess that's my biggest hurdle right now.  I don't understand the need for both.  

Link to comment
Share on other sites

Posted (edited)
6 minutes ago, Bobcat10 said:

Is there an unwritten rule on when to move crypto from say Coinbase to a wallet?  I guess that's my biggest hurdle right now.  I don't understand the need for both.  

Cold storage wallet is safest (assuming you don't lose it or lock yourself out)... ideal for long term storage. Can't be hacked/stolen without taking physical possession of the device. 

Coinbase is best for short term storage / trading. It's likely very safe... until it isn't. The history of Crytpo is littered with sites/platforms getting hacked or simply shuttering and running. Likely low risk with Coinbase, but the risk is there. 

 

 

Edited by [icon]
  • Like 1
  • Thanks 1
Link to comment
Share on other sites

1 hour ago, Dan Lambskin said:

Elon gonna add a nice chunk to his fortune and leave all the rubes holding the bag

No way, he’s a champion. There’s no way Musk and Cuban are also making money as they pimp it. No chance that would happen.

Link to comment
Share on other sites

4 hours ago, Bobcat10 said:

What's the next Doge?  I know that's the million dollar question, but what are you taking stabs on?  Safemoon seems meme-like, but also a little more legit.  I know there are others catching your eye though.  Looking to dump a few hundred into something.  Or spread it out in smaller chunks?

I’ll be the resident safemoon honk... they have projects coming up soon that should provide a nice bump:

1. They’re creating their own wallet

2. they’re creating their own game

3. they’re creating their own exchange

Additionally, they are working on something called Project Pheonix (that’s spelled correctly). It’s a secret at the moment, but they are releasing details in 10 days or so.

There’s also the possibility (likelihood?) that they’ll be listed on coin base and/or binance. They’re already listed on several other exchanges, just not the big ones yet. They’re approaching 2M holders, and have dominated social media mentions for the past 7-10 days.

Add all of that to their initiatives to serve the “un-banked” in Africa.

I’m holding a decent bag (actually bought a chunk more yesterday) so take this fwiw, but I absolutely see room for some nice short and long term growth.

  • Like 1
Link to comment
Share on other sites

5 hours ago, Bobcat10 said:

What's the next Doge?  I know that's the million dollar question, but what are you taking stabs on?  Safemoon seems meme-like, but also a little more legit.  I know there are others catching your eye though.  Looking to dump a few hundred into something.  Or spread it out in smaller chunks?

Bepro

  • Like 1
Link to comment
Share on other sites

4 hours ago, Tecumseh said:

I’ll be the resident safemoon honk... they have projects coming up soon that should provide a nice bump:

1. They’re creating their own wallet

2. they’re creating their own game

3. they’re creating their own exchange

Additionally, they are working on something called Project Pheonix (that’s spelled correctly). It’s a secret at the moment, but they are releasing details in 10 days or so.

There’s also the possibility (likelihood?) that they’ll be listed on coin base and/or binance. They’re already listed on several other exchanges, just not the big ones yet. They’re approaching 2M holders, and have dominated social media mentions for the past 7-10 days.

Add all of that to their initiatives to serve the “un-banked” in Africa.

I’m holding a decent bag (actually bought a chunk more yesterday) so take this fwiw, but I absolutely see room for some nice short and long term growth.

My understanding was that they were not going to list on coinbase because they are in the process of creating their on exchange.  Could be wrong.  Picked up 30mil a week or so ago.

Just got 5000 Telcoin at .023. Coworker mentioned it and after reading up on it I like the angle they are taking...trying to make mobile purchasing easier/cheaper.

  • Like 2
Link to comment
Share on other sites

5 hours ago, Tecumseh said:

I’ll be the resident safemoon honk... they have projects coming up soon that should provide a nice bump:

1. They’re creating their own wallet

2. they’re creating their own game

3. they’re creating their own exchange

Additionally, they are working on something called Project Pheonix (that’s spelled correctly). It’s a secret at the moment, but they are releasing details in 10 days or so.

There’s also the possibility (likelihood?) that they’ll be listed on coin base and/or binance. They’re already listed on several other exchanges, just not the big ones yet. They’re approaching 2M holders, and have dominated social media mentions for the past 7-10 days.

Add all of that to their initiatives to serve the “un-banked” in Africa.

I’m holding a decent bag (actually bought a chunk more yesterday) so take this fwiw, but I absolutely see room for some nice short and long term growth.

I didn't want to go too honk-y in my post hoping for some conversation of others as well....but this is a good post.  I've been digging into this one more than anything else right now.  Still waiting for my BNB to "clear" so I can get in the game, I think it's a 7 day wait.  

Link to comment
Share on other sites

12 hours ago, Angry Beavers said:

come on in - the water is warm

1) Open Coinbase account

2) Fund Account

3) Profit

Doge  - probably too risky at this point but can be bought on Robinhood or Uphold

ETH  - Just getting started

BTC  - still a good buy if you find the dips

HTH

Can't buy DOGE or XRP on Coinbase.  ETC has done extremely well recently.  

Link to comment
Share on other sites

3 hours ago, Andy Dufresne said:

I came this close to buying Etherium Classic two days ago.

I'd love to know why it went from $65 yesterday to a high of $150 today. And it was only $15 a month ago.

I bought about $5k worth about a week ago.  $13k tight now.  

  • Like 1
  • Love 1
Link to comment
Share on other sites

3 hours ago, Andy Dufresne said:

I came this close to buying Etherium Classic two days ago.

I'd love to know why it went from $65 yesterday to a high of $150 today. And it was only $15 a month ago.

I dropped $10 on Etherium Christmas day...cause that's how I roll. Lighting my cigars with dollar bills now. Any advice y'all need, lemme know #highroller

Link to comment
Share on other sites

1 hour ago, Bobcat10 said:

Any guesses on Project Pheonix @Tecumseh

Blockchain?  

That’s what I’m seeing as a guess, but I’m pretty clueless. I know that the CEO said someone in discord had guessed correctly, but didn’t let anyone know specifically.

  • Like 1
Link to comment
Share on other sites

so does everybody think that doge is at a high right now?

I'm super new to this, mostly think it's a ponzi scam, but certainly seems there is opportunity to make money in the short term

 

 

Link to comment
Share on other sites

31 minutes ago, killface said:

so does everybody think that doge is at a high right now?

I'm super new to this, mostly think it's a ponzi scam, but certainly seems there is opportunity to make money in the short term

 

 

noone really knows but my guess is yes.  It may go up through the SNL appearance. But i think at some point shortly thereafter its coming down quick.

Link to comment
Share on other sites

19 hours ago, beer 30 said:

I dropped $10 on Etherium Christmas day...cause that's how I roll. Lighting my cigars with dollar bills now. Any advice y'all need, lemme know #highroller

Buddy who is clueless with this S got brow best into buying Etherium.  Put 5K on coinbase last week and fired.  
 

 

he bought Etherium classic 

 

Such a luckbox

  • Like 2
Link to comment
Share on other sites

Posted (edited)
1 hour ago, Sand said:

If I wanted to buy XRP right now how would I go about that?

Good timing, I was just looking, too. You are able to buy it on Kraken.

Edit: But not if you live in NY or WA

Edited by ex-ghost
Link to comment
Share on other sites

19 minutes ago, ex-ghost said:

Good timing, I was just looking, too. You are able to buy it on Kraken.

Edit: But not if you live in NY or WA

Kucoin also can be used to buy it.  Probably your easiest route is to buy btc on coinbase then xfer to kucoin or kracken then purchase.  Just note that Coinbase makes you wait a certain amount of time before you can transfer and some of those exchanges need to validate your account before you can trade.  Though i believe kucoin is pretty quick.  But it’s not the most user friendly but YouTube is your friend.  
 

also use a very strong password, 2fa and get your coins off the exchange when you can.  

  • Like 1
Link to comment
Share on other sites

11 hours ago, unckeyherb said:

Cardano on a nice bump lately

Cardano is looking really good.  Still waiting on Ren and Bat to follow suit.  

I got out of Tel too early.  No regrets taking 200% profit though.  But its more than doubled again since I sold.  

SYLO, VRA and CHZ are the ones I moved the profits too.  Good luck to all, this is looking like a fun day.  

Link to comment
Share on other sites

On 5/5/2021 at 2:39 PM, Tecumseh said:

I’ll be the resident safemoon honk... they have projects coming up soon that should provide a nice bump:

1. They’re creating their own wallet

2. they’re creating their own game

3. they’re creating their own exchange

Additionally, they are working on something called Project Pheonix (that’s spelled correctly). It’s a secret at the moment, but they are releasing details in 10 days or so.

There’s also the possibility (likelihood?) that they’ll be listed on coin base and/or binance. They’re already listed on several other exchanges, just not the big ones yet. They’re approaching 2M holders, and have dominated social media mentions for the past 7-10 days.

Add all of that to their initiatives to serve the “un-banked” in Africa.

I’m holding a decent bag (actually bought a chunk more yesterday) so take this fwiw, but I absolutely see room for some nice short and long term growth.

Sorry that title is already taken.

we going to the moon Bro.  we fam Bro.  Safemoon Bro we fam and we going to the moon together just HODL.

 

such rubbish but I own a bunch.  
 

 

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

×
  • Create New...