Jul 6, 2016

Before anyone responds to this thread, remember:

1. JMG Thread
2. Article from a website that has a dedicated section called "Hillary Exposed"

 

Feb 21, 2016

my wish is to eat pineapples out of rihanna's a--- and have someone film it, then maybe have the same trajectory as kim kardashian did when the sex tape dropped, and be like the male version of that.

 

Dec 22, 2015

Just call in sick, they can't fire you for that.

If it's just temporary anyways, then don't worry about the job man. I quit my job at Apple to be present at my cousin's wedding, probably the easiest decision of my life.

Family >*

 

Nov 1, 2018

Lately ive just been casusally posting on my phone here an there. Giving it maybe 60 percent of what im capable of. Im thinking about making a major comeback and putting the forum number 1 in my life again. Which means ill be taking over and calling the shots. I see new life lately but an empty throne. I would have to quit my job again but have enough savings to last a good 2 years. I would also need a new computer cause thats when i have my best posts. Nothing is final but already writing down some ideas in my noteback. There is also some old ones from years ago i might actually put in motion. Ill let you guys know what i decide to do by next week.

 

Jan 2, 2018

I've been breathing cryptos for the past few weeks now (been spending 3-4 hours a day educating myself and trading) and figured since there appears to be a following + interest here that it'd be worth compiling some thoughts to get some of you started on this stuff. I've got a handful of topics jotted down on a notepad, so if this goes well, i'll put out a series of these threads..

What is Bitcoin/Ethereum/cryptocurrencies/blockchain?
I previously touched on a bunch of this here:
Cryptocurrencies: Basics - Part 1
let me know if you have any follow-up questions and i'll try to answer


"Cryptocurrencies"
While Bitcoin may be the only coin with a household name at this point, there are 1000+ currencies with more being released almost every day now. Hence, the plural tense.


Why/How do cryptocurrencies have worth/value?
I hear this a lot. "That's fake money". "You can't buy anything with Bitcoin". "Bitcoin is a ponzi scheme"... no no no. This is very much an emerging area, and you can't walk into Meijer's and pay for your groceries with Bitcoin or Bitcoin Cash...but in the not-so-distant future you will. Today, Bitcoin (BTC) can be used to purchase goods at this running list. I have personally made a couple purchases with Bitcoin, but it's very much in its infancy stages and nobody knows where it's going to land (or if BTC will even remain king in the future) so for most people right now it should be treated as an investment opportunity today.

Bitcoin has value because people believe it has value. It's a similar concept to why we believe that paper money has value. As long as people continue to invest money in it, it will continue to have real world "worth".

On top of this, there are a finite number of Bitcoins that will ever be released into the market. That finite number is 21,000,000. The last Bitcoin will be injected into the market in the year 2140. Bitcoins are released as transactions are verified (through a process called "mining"). Miners are rewarded a portion of a BTC for verifying a transaction.

I might touch on mining more in a later thread.


What is an "altcoin"?
Any of the 1000+ cryptocurrencies outside of Bitcoin (some may argue that Ethereum, Litecoin, & Bitcoin Cash are considered in this list) are termed "altcoins" (short for "alternative coins"). These 1000+ coins range from functioning as bitcoin competitors to facilitating international payments to digital wallets to ensuring truly anonymous transactions (privacy coins) to many various applications. Not all of these have aspirations to be the new Bitcoin. All of these can be invested/purchased/traded at many of the large cryptocurrency exchanges.


Am I too late?
Not only is it not too late, but right now is a prime time to jump in. There is a TON of money to be made and it moves FAST. Don't be the dumbest guy in the room when your friends are talking about how they got rich off this stuff in 5 years because you didn't invest. And don't be surprised when it happens.

I knew nothing about any of this 6 months ago and knew only little about how a stock market worked. Put in some time to research and you'll make money.

For example, I just found a notepad I put together when initially looking into this stuff back in July... my notes say that Ripple (XRP) was $0.27, Monero (XMR) was $51.69, Dash (DASH) was $181.41, and Litecoin (LTC) was $44.75. Today, those figures are $2.27, $382.19, $1106.93, and $248.85... which equates to 6-8 times their previous value. I missed out on many of these purchases then, but even today I think that all of these are great buys and I anticipate these + many others to continue to grow at a similar rate.


I only have ___ monies to invest. Is that too little?
Even if you can only afford to throw $20 into it, it's still a great opportunity to make money. That said, only invest as much as you're able to lose.
Edit: keep in mind that due to congestion on the bitcoin blockchain network, fees are pretty d--- high right now ($10-$15) . That fee comes into play when wanted to transfer your money from gemini/coinbase/gdax to a full exchange (binance/bittrex).


How to invest
I touched on some of this in Part 1, but I've learned a few things since then so will reiterate some here.

To convert fiat money ($, €, etc.) into one of the main crypto coins, use one of the following:

1. Gemini - pros: smaller fees. cons: not as intuitive of an interface, only offers BTC & ETH
2. Coinbase - pros: easier GUI, money instantly available, offers BTC, ETH, LTC, & most recently BCC, will add more coins soon. cons: higher fees
3. GDAX (subsidiary of Coinbase...if you sign up for Coinbase, then you also have a GDAX account) - pros: no fees. cons: you have to wait for your bank account to confirm your fiat transfer before investing.

Create an account (it's free). Verify your credentials. Link a bank account. Transfer money. Wait the 4-5 days to process.

If all you want to do is invest in the main coins, then you're done.

To convert your BTC into one of the many altcoins, use one of the following:

1. Binance - pros: smaller fees due to their use of BNB to facilitate trades, have a large variety of coins listed
2. Bittrex - pros: have a large variety of coins listed. cons: slightly higher fees, currently (1/1/18) not accepting any new signups until they further update their infrastructures to support larger traffic volumes.

If your desired coin isn't on one, then it's likely on the other.

Create an account (it's free). Transfer BTC from Gemini/Coinbase. Buy.

FYI: I've included my referral link on the Coinbase & Binance links above. If you're considering starting/joining then I'd appreciate ya using em.
https://www.coinbase.com/join/593f11a619ddf609158a2b3d
https://www.binance.com/?ref=18096131


Security
Cryptocurrencies generally aren't ensured. You are responsible for keeping your coins safe.

DO:
Use 2FA (Two Factor Authentication) via Google Authenticator or Authy
Consider using a new email address for this stuff
Use 2FA on your linked email account(s)
Backup your 2FA programs on a piece of paper (not on a notepad on your computer)
Make sure you're using the correct URL when accessing exchanges. Bookmark them.
Consider storing your coins offline

DO NOT:
Use 2FA via SMS text messages (all it would take is someone to clone your SIM card and then they'll get your texts)
Use unsecure wifi networks
Use third party apps to trade on your phone with (FYI: I don't trade on my phone at all)
Use the same password across exchanges
Expose your private key (I'll talk about public & private keys on a later thread)

All of that said, exchanges themselves have gotten hacked in the past. People have lost millions. If an exchange itself gets hacked then it won't matter if you've taken all of the above precautions -- if your coins were stored on the exchange and they were to get hacked then they would be gone forever. Because of this, there is something called "cold storage" where you can take extra precaution and store your funds off of the exchanges. I'll talk about these cold storage options in a later thread.

Hopefully this scares you into being safe and not into avoiding cryptocurrency altogether.

Again: only invest what you're willing to lose.




Where to get your news/info
coindesk
reddit
cointelegraph
bitcointalk
read the whitepapers


Tools
tradingview
coinmarketcap
coingecko
coinscanner
changelly


Portfolio Trackers
blockfolio
coincap
delta


Mention Group
Join the mention group: HODLGANG to get alerts on crypto


Future thread topics
public vs private keys
transferring coins
mining
satoshi
cold storage
know your memes
strategies
dual currency trading
the future of bitcoin
forks
chart reading
arbitrage
setting stop losses & conditional buy orders
taxes & the IRS
volume/depth
eliminating greed & fomo


if you end up making money off of these, then i wouldn't turn down donations
BTC: 1ByE3HDdqCQZKj45zfnCMkqTf3qCB9anb8
ETH: 0x3B2287769566C2bBB1d6a98bc363160C177a6098
LTC: LRmCyDLA6qKN3z5xFj1qxfUKWQ8fPJTsSN