CRYPTO IS THE NEXT BUBBLE

That's exactly what im planning to do. I just dont get why some people i trust very much but are pretty libertarian hate Ethereum so much. IF i had invested in it instead of following their advice i would be rich already.

Im also pretty mad i missed this altcoin bubble specially with Ripple and XEM. Im mad as fuck. Still have made some decent money tho. Dont know if it would be worth it to Buy ETH , XRM and XEM at this bubbly prices.

You are so fucking right it hurts.

Legit people, read the history of the bubbles and you wont be able to deny this is it. It has a use that is new and shiny and will save people money so it will get overblown.
the news will say how EVERYBODY can now make money in crypto.
Guarantee they use the line "New age gold rush" and "rags to riches".

Get some good coins like ETH, XRP, XEM, XBY, RDD, XLM. spread your money around and just relax. We are all about to be classic Kennedy stories.

Also in this thread: lets post some coins that are going to pan out very well in the long run.

I give RDD. you all have seen the shill posts, but when normies catch wind it is going to explode. Plus I can drop $200 into it and not feel like I'm breaking the bank since its so fucking cheap right now.
I want to mention others but I dont want to get too shilly...

>>2109187
Let me let you in on a secret, friendo. This market is more predictable than my gf on her period.

big coins pump, alts start getting drained. thats when you buy ass tons of alt coins. seeing alts start to make 100% + gains while BTC and ETH are slowly heading downward? sell those alts and hit up the main coins again.

I have made 4k in the last 2 weeks doing this.
I started with $235 lol.

>>2109195
remember when marijuana stocks were a big thing and people were making like 1000x returns on them?

A year later facebook ads are finally shilling marijuana stocks.

You'll know the bubble has popped once regular mainstream websites are trying to shill ethereum as a get rich quick scheme.

but by then we will all be in our lambos laughing at the plebs falling for our meme

>>2109187

Don't get emotionally attached to any one coin. And don't look for the one that you think has the best chance of "mooning". If anything, find the coins that have the best shot at real world adoption. Slap some money on them every paycheck. Don't worry about the day to day price. Any number of them can and will explode when John Q Citizen decides he wants a piece of crypto.

Most of those people aren't going to do a damn bit of diligence on what they buy... they're just going to buy. Benefit from their stupidity.

>>2109207
yeah, you are right. So this is the time to sell XEM and Ripple ? What about ETH?

I like this Idea but what are the coins that will not crash and burn while we wait?

-What are the future proof coins backed by some people that won't abbandon the whole thing or sell it.

Bitcoin looks like a mess and has scalability issues. Also nobody can control it. It doens't have a vitalik, for example.

XEM and XRP look to me something that is short term. As if they were semi scam stuff. Like , they are trying but if it doesn't work then they will start another thing.

>>2109212
ah man, I cant fucking wait.

we should all go in and buy a lake. like the whole fucking lake and all the houses around it.
call it "biz falls" right next to "crypto creek". just down the street from "reddcoin ranch".

ahhh. relaxing thoughts, friends.

so how do i start buying?

i got a credit card but how do i into wallets and blockfolios? need a wiki how for early adopters

>>2109235

Some are bound to crash and burn. You deal with it. The ones that succeed will more than supplement any losses. This is why you diversify.

>>2109151
It's so hard to imagine the world changing to crypto, but then again when Bitcoin is fucking over 1800 idk what to think.

>>2109235
eth will likely replace btc.I havent really seen anything else as promising.

>>2109233
I actually tried to do that, and thats why my pretty smart friends adviced me agaisnt ethereum. I bought a buch of maidsafe little by little because i care about mainstream adoption but the project got delayed several times and it hasnt gone up in btc terms much. I guess they were wrong about ethereum.

>>2109151
>And when every talking head on TV is bloviating about how great crypto investments are - GET OUT.

When your Walmart cashier is talking about how they sold their car to buy more crypto, get the FUCK OUT

>>2109255

The world will not "change over to crypto". It's too complex for the average person to utilize. Grandma is not going to buy groceries with bitcoin.

The layperson will treat cryptos like a stock or other similar investment.

>>2109260
ETH's "ooops we coded everything wrong so we've decided to roll back who owns what coin" really turned me off.


Monero, I think has a lot of potential. Governments are already moving to monitor Bitcoin transactions, something truly anonymous will be huge.

>>2109245
^^This

>>2109207
But what about the tax consequences of daytrading.

>>2109245
>>2109300

Get a coinbase account. Get verified. Buy ETH or LTC (forget BTC the transfers are too goddamn slow). Transfer to an exchange, sell for BTC, and buy coins with solid fundamentals.

>>2109195
>RDD

>>2109271
well it can work just like paypal. current services show you your address and make you type it into things, but that's not necessary

>>2109151
>GET OUT

you idiot...mainstream adoption doesn't mean you take your gains and put it into cuckbucks. It means you will be able to directly spend and earn in cryptos.

>>2109234
I would sell ETH before tomorrow morning. Probably XEM too. XRP has stopped pumping so you can probably hold and wait for the next pump to make another .10 cents per coin or more.
grab some of the tiny coins that are just now getting their feet. they cost nearly nothing and because of it they spike fast and then find a floor just a couple sats under the spike.

Coins I actually think have long term potential:
XRP
- banks want to use it to save themselves money. dont think for a second banks will let it fail. Ton of banks already adopting it
XBY
- fresh coin with a HUGE community behind it and a great idea. Has all the making or something big one day (still a gamble)
RDD
- I can shit into the exchange and have enough to purchase 10k or more RDD. The tech has been in the works for years and their whole business plan since 2014 is coming to fruition this year when they launch the transaction extension. check their site if you are nervous about it.
ETH
- bitcoin may be like the gold you store under your mattress one day, and just like it, you will use it to hold money not to move it around. BTC is slow as balls and the transactions times arent going to get better when its even slightly more well known. ETH has a huge backing with businesses too and has everything it needs to take out the giant. At this point I feel as if its too big to fail.

Golem and Lumens.
Profit off of ETH and XRP respectively.
both are too incorporate in real world business now to ever fail.

good luck bizbros.

See you on the lake.

>>2109301
you have to get a cpa to do your taxes, especially if you make a shit ton of money. you dont want uncle sam to bend you over. those IRS cunts are relentless.

>>2109271
>It's too complex for the average person to utilize. Grandma is not going to buy groceries with bitcoin.

I bet they said this about debit and visa cards too.

It'll be simpler than ever. Banks role will change to accommodate

>>2109288
havent bought any monero yet...maybe I will.

>>2109313

Every bubble has proven that cash is king. Every. Single. One.

Just as people watched their stocks in internet startups go POOF and their home equity go POOF, it will happen with cryptos as well. Some will survive, most will not. But the odds will not be in your favor that you will end up invested in the survivors.

>>2109271
Calculus is too complex for the average person to utilize. So is AI.

they just benefit off smart people and businesses using this shit.

Don't be the guy who said "cell phones are a fad. You dont even know how they work"

You guys ever get caught up in this and think "fuck if only I could spend more" but then reality (or sanity) hits you and you realize you shouldn't spend so much of your average salary on this?

>>2109336
youre a cuck, you should spend as much as possible on crypto investments. especially ETH

>>2109325

I'm not going to argue with you. Every investor in history has thought they were smarter than the market. Only a few actually have been. If you keep holding cryptos when every "financial expert" under the sun is telling you to do so, you're an idiot and deserve to lose everything.

>>2109336
I'm pretty torn about this myself. Like how much fucking disposable income should I blow on this shit every month?

>>2109317
Thanks bizbro, i always appreciate some honest advice.

>>2109342
I'm already spending as much as possible. That's the thing I'm worried about.

>>2109301
no tax issues till you get out.
and there are honestly ways to avoid it.

I plan on avoiding as much as I can legally, but avoiding shit like buying gold with it and having that sent to me. Although it would save a ton of money.

Can someone explain how exactly to buy crypto? I downloaded Blockfolio. Does it work just about the same way as Robinhood? Any words of advice/warning?

>>2109151
>And when every talking head on TV is bloviating about how great crypto investments are - GET OUT.

Like pull all of it? Or keep the ones I think are going to survive? I've never lived through a bubble before (wasn't old enough to remember or care) but i guess I'll start reading.

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>>2109360

bruh

>>2109351
I like to give it.

too many crap coins out there and its not like me keeping stuff that has been working a secret makes me more money, so why not help others get rich as fuck?
Or maybe I do it just so I can see a shit ton of lambos with /biz/ related license plates one day.

>>2109365
I don't browse this board often enough. Do I just pay things with a snickers bar and a firm handshake?

>>2109362

It would be wise to pull all of your gains out at that time and hold dollars. You will have a very slim chance of holding the "correct" coins. Even the ones that do survive will plummet drastically when the bubble pops. They will recover, but it will be far down the road.

>>2109370

blockfolio isn't an exchange, it's just to personally keep track of your shit.

>>2109359
I believe capital gains are like 25%.
But if you hold for over a year they are zero.
So my plans are since I got in on coinbase, I will just trade on exchanges like bittrex and stuff with altcoins, convert all back into ETH before I cash out, and then say that all my gains were ETH gains.
They won't be able to track exchange wallets and stuff if you delete them and tumble them.
Or you can just use localbitcoins or once they make an ETH version use that.

But I plan to convert all my gains into ETH anyway and cash out my gains after the 1 year period. Lucky for me than like 1 month after Casper hits.

>>2109360
go to coinbase. do the annoying shit to get verifier. takes a few days...

then buy a stable coin on coinbase and send it to an exchange like kraken, yobit, etc. getting set up on an exchange is super fast, and different exchanges have different coins based on market and popularity.

Always double check your address is for the right coin and that its 100 accurate.

Why don't we form our own crypto investment firm now?

>>2109382

How to increase deposit limit without an ID?

>>2109388

Because you don't have the capital. That's the "big boys" game. You'll see it soon enough.

>>2109369
That would be cool as fuck. See ya on the lambo 2030 reunion bizbro.

>>2109388
There's a couple of them already if you didnt know. You can join them. Iconomi, Taas etc.

>>2109390
put your ID on there. or directly hook up a bank account.

>>2109358
If you can't pay your bills and loans if crypto crashes by 60%, you're investing too much.

>>2109401

Wow someone finally mentioned ICONOMI. I've yet to see it shilled on biz. I'm invested in it, but I'm not a shiller. Had a very nice run up today tho.

>>2109401
Mine is going to say Cryptocunt and have a plate cover with the 4 of clubs on it.

look for me brothers. if you havent mooned when I see you, I will let you stay in my mansion and fuck one of my bitches for a bit.

>>2109390
You can't bro.
IRS will screw you up the ass if you try and launder your money through an exchange.
Almost no way to liquidate unless you launder your money through shit like a business or something.
Think:
Using your earnings to buy shirts and start up an ebay business and use the ebay business as cover to launder crypto gains.

>>2109407
See that's the thing. I don't have any loans and I can easily pay my bills before I spend anything on cryptos.

>>2109151
Can confirm OP is correct and this is exactly why you should not ignore the top coins, NOTHING has really mooned yet.

>>2109416

Then invest whatever you can. Pick a coin every paycheck.

What can a poorfag do if he earns 200$ a month? I want to invest REEEEEEEEEEEEE

>>2109416
Go all in son. You got nothing to lose except a later retirement.

>>2109378
When am I supposed to get back into the game then? I don't want to miss out on the few that survive and moon.

>>2109409
Yeah it has done pretty well in dollar terms. ICO was 12 cents and now its at 90 and looking pretty good still. I have some too.

>>2109413
Lol, i hope we can all make it bizbro, but remember to jump out when the normies all around are jumping in. We just have to diversify and be ready for the jump and we are still on time. Good luck bizbro.

>>2109317
XBY is a shitcoin with one part time dev who's trying to recover from a scam he participated in.

Don't put XBY next to ETH and XRP

>>2109195
>RDD
You subtle fucking shill my god

>>2109382
dude...each transaction from one coin to another is a taxable event. You better hope the exchanges arent gonna give your info to the IRS or you are fucked. I can't fucking stand those cunts but its always safer to pay or risk uncle sam fucking you in the ass. Inb4 cuck.

Guys I started last week with 0.5 btc. My intention was to literally get rich or a lot of money really fast. I diversified, I picked coins that were risky, but had a history.

XBY - shaky start, started as a scam coin but revived, interesting tech
doubled my money
DGB - 3 year old project, targeting gamers, good tech. tripled my money
RDD - 3 year old project, targeting redditers. quadrupled my money

I also bought LGD because it targeted horny rich men that want to hang with porn stars

My next coin is probably BAT token, digital advertising is huge
Basically I only buy coins that I feel strongly about. I don't really pay attention to the technicals too much because I do believe we are in the biggest bubble in human history.

>>2109450
This oh man.
It doesn't even matter though, in a couple weeks time all the newfags will actually think RDD is legit.
Hell, I can see the same thing happening with PTC soon.

>>2109447
you are literally talking about the old XBY.
the new devs bought the remainder of it, let hodlers keep their coins and then completely changed everything about it. Only thing that stayed was the name.

the dude did it because he got scammed from XBY before it was the current XBY.

go research it. It is actually looking really good. honestly, the dude is a hero for giving value to coins people got scammed on. he is turning what they dreamed of when they were scammed into a real possibility.

>>2109379
So is coinbase the exchange?

>>2109453
I make literally thousands of trades per day and have done so for years through hundreds of coins.

I sincerely with any auditor good luck in going through the mountain of trade history sheets I have accumulated from multiple exchanges.

>>2109466
yobit, kraken

>>2109471
What is coinbase for then? To hold the money? Blockfolio to view it, and then one of those to exchange?

>>2109450
I know there are shill threads, but this thing actually is going somewhere. It has so much behind it for YEARS now that it should have been sitting at 100 sat.

>>2109458
just like this guy said though. Once they release the tech, normies will hear about it. then when they collaborate with more social platforms it will start to become a household name eventually even if people dont like it.

the thing is literally worth 1/1000 of 1 cent right now. getting in on it isn't exactly a big investment and the potential pay-offs are insane.

just saying, I never say no to dropping $50 to possibly be a millionaire someday.

>>2109479
coinbase to buy coins to exchange and then the exchanges are where you trade one of those three coins for any one of thousands.

>>2109453
i dont understand this shit. if i hypothetically exchange rdd for eth and cash out 2 years from now with like 2 million dollars, what will happen?

>>2109491
Oh. Well thanks a lot anon. if I moon on anything i'm buying a lambo in your honor senpai

>>2109469
Do you reside in the US?

I have questions. What if you're wrong? What if all these coins and their infrastructure, are just, essentially, test beds for faster performance future crypto, which have quicker accessing/processing ability on stored data in the future equivalent of a blockchain, and which allow easier to access platforms?

Ethereum's smart contracts intrigue me, but to my understanding, isn't a lot of that stuff open source? Why couldn't someone else take what's there and make something better and more valuable, using lessons learnt from Ethereum?

I'm not saying this is guaranteed to happen, but are you so sure that these are coins that will go mainstream, or are they just a step in the right direction?

>>2109151
Dumb question- where should I read up on crypto news/familiarize myself with what to invest in? Like right now I'm considering going for ripple since I know it's in a dip and is backed by big banks, but I don't know where to go to support my theory with facts. any established sources?

>>2109469
I'm with you man...but a couple CPAs I've talked to says I will have to submit every single fucking transaction. It's fucking retarded.

xrp is making me very excited about the future because I KNOW what OP is talking about
ive been thinking about it myself and theres no way i wont be rich because of crypto

>>2109502
*and which allow easier access TO platforms

>>2109511
Is exchanging one cryptocurrency for another considered taxable?

>>2109495
you will need to pay capital gains tax provided you make above a certain amount. If you did any trading between cryptos each transaction is supposedly taxable because the IRS are a bunch of assholes. I highly suggest for everyone to talk to a certified accountant. I want everyone here to get rich without the IRS fucking us all over.

>>2109529
As far as I was told its a grey area right now as IRS hasnt put out a definite rule. But chances are they will. It is thus safer ro report and pay your tax versus having them come after you later for all the back tax you owe.

>>2109288
That is xvg. It is the most anonymous currency out there.

>>2109529
You probably have heard about how the IRS is suing coinbase to try to get all their customers info. If they win...well we all know what happens then.

>>2109491
can i use a credit card at coinbase?

>>2109545
Yes

>>2109503
When I go to create a GDAX account it's asking for my identity and SSN and all this shit. That stuff legit?

>>2109207
what site do you use to trade?

>>2109507
follow cryptoyoda on twitter. he is generally pretty accurate. Skim the boards here. If a coin seems sketchy look into it and see what the posts in the thread are good and bad. Check the ann for anything you havent heard of and generally just google shit and follow forums like reddit for each coin.

>>2109560
generally Kraken, but sometimes polo or yobit if I cant get the coin on Kraken.
for some reason I havent used bittrex much but its good too..

>>2109511
The CPA's you've talked to, did you ask what tax preparation methods you'd be allowed to use?what methods you're allowed to use? Whether they suggest default FIFO or if you can use LIFO/specific share id.

Just in regards to minimizing taxes. I'd prefer not to sell my cheapest coins first, but at the same time I have them all in the same wallet.

>>2109542
As long as you state what you purchased and what you gained, it doesn't matter. What idiot is actually trying to avoid paying taxes?

>>2109532
is that automatic or do i need to fill out forms and shit and shake hands and everything adults do?

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>>2109565
I'm taking your advice and selling my ETH shares, what should I be trading?

Tomorrow might make me some sick gains.

So what's the difference between Yobit/Kraken and GDAX/Gemini?

>>2109574
I didnt get into specifics. was more of a convo over beers. I really have no idea wtf to do or how to report yet. Chances are will have to hire someone to deal with it for me.

>>2109602
buy stuff that is currently dipping.
Its a lot easier trading back to the big coins since you know they are safe. going back out into alt coin waters can be scary. ripple should go back up with time, but its not a massive gain. I would invest some in RDD just in case it does blow the fuck up and go to 1 cent (just throw a couple bucks in nothing crazy). grab some XLM if you can do it before it starts climbing too far.

I would leave at least 1/4 of your assets in the big coins though. as a precaution.

>>2109575
I get the feeling only some are trying to avoid paying. Others simply just dont understand yet.

>>2109592
You're gonna have to adult. sorry buddy.

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>>2109622
Considering how it is almost assured that they are going to dip soon, would it not be safer to pull out while holding an amount to reinvest later after the re-correction?

I already have 1.118ish M in RDD, wanting to diversify further.

What did you mention earlier about Golem and Lumens, worth a 50/50 split of my ETH?

What are the best apps you guys use for crypto shit?

I am considering to startup an altcoin fund.

>>2109629
>you're gonna have to adult.
fuck.

>>2109648
I would put 25% of what you dont leave behind into XLM just because its about to shoot up again and it has a record of being rather stable on the upward slope if nothing else.

With the rest, if it were me I would throw some into what looks to be a pump and dump coin and then take my money out right before I think it is looking good (stops you from missing the dump).
Obviously dont throw much at this. Its a lot of luck. I would grab some XBY if you like how it looks. but look into it yourself and decide if you want to put a little in.
Just like RDD, XBY is a long term investment.

Maybe set some aside for when BAT comes out. it looks very promising with the dev who made brave browser and javascript.

The name of the game is always diversity tho. find some things that look like they actually have a good idea, research um a bit and put a little in each.

oh, and golem might not be a bad idea but its a longer hold probably. around 2-3 months I would say. Just until the devs announce the new release date for brass golem and the price spikes again.

Stay away from eth, it's not predicable because they can just print more like the us glove prints money.

Ride the wave on xrp but it won't last long- get out on the next high and don't buy back in. It's a boarder line scam. And you'll be lucky if there's another wave.

Reddcoin is a pump and dump and they use clickbatr and hot chicks to promote it. Once they've done that it's already too late to buy in and dump. Shoulda done it before the dump is abour to occur.

Always hodl some bitcoin and litecoin. Litecoin is fun cause it's on a permanently upward trend but it falls a lot so you can buy in and out while slowly the coin rises- you will make much more money that way. Bitcoin too to an extent but the fluctionations and issues with it make day trading it unsustainable in the long run... once it hits that point hodl bitcoin it will steadily rise as it is becoming an accepted currency around the world.

Right now I'm hodl vertcoin, did a lot of research on various altcoins, and it's too late for ripple, and a bunch of others but this one is has potential, read about it and how it works.

Any crypto you see, before all the stupid ads pop up, but has. Made some 15% growth over the last month... buy it. Scam like xrp or not you'll be buying in early and can profit off the dump... for this paragraph it doesn't matter if it's a pump and dump just ride the wave but get in before it crests like reddcoin and xrp are now.
Oh and never keep your eggs in 1. Basket.

>>2109317
whats the lake

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>>2109682
I like you, buddy. XRP is incredibly low at the moment, any final thoughts?

The biggest pain in the ass with cryptos is that everything is right and wrong and an alt and hodl all at the same time. Finding my own rhythm has been difficult and it explains why this market is normie-free.

>>2109688
this guy has it.

although I disagree on the RDD, but opinions are like assholes.

I will look into the vert. thanks for the heads up.

definitely scoop up some BAT either before public release or just after. it wont ever be that low again just because of the dev hype even if the coin itself fails miserably.

>>2109710
Don't know yet. we need to form a collective of people who get rich off crypto and buy one.

We have to get the whole lake though, no normies messing with our boats.

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>>2109716
God, it's like my portfolio is built around long term pump and dump hodls this makes no fucking sense

>mfw

Oh shit, might as well ask this. Is there a standard that y'all convert to and store when you get returns on something without a real plan as to immediately invest in something else?

Whatever the digibucks equivalent to storing it under the mattress is...

>>2109714
My basic rules are these:

- If a coin is hyping me up too much because of gains, sell at least enough of it to get my initial investment back.

- If a coin I threw cash in is pumping hard and the growth is almost linear. sell immediately. (your in a pump and dump mate).

- If it seems to have real world potential, leave earnings from it there to see where it goes. its ok to pull out initial investment.

- Dont put more than 20% of my money on any one coin. good way to get shafted.

- If people are shilling a coin super hard and it has already gone above 30%, it might be a p&d but dont buy anyway, you are getting in too late.

- Any of the top 5 coins will almost certainly hit their ATH again, but try to buy them at least in their 24hr low.

- If I have lost 15% of what I put in and it doesnt seem like its going to change, cut and run. better to have a small loss than a total loss.

- when in doubt of a coin moving upward, pull the investment amount out to put into something else. this leaves your earnings to make money for you without any risk of losing what you put in. this is my num. 1 personal rule. well... maybe 50/50 with diversity.

shoot me an email if you want to continue some banter and rumor mill about future coins.
[email protected]

now I will type some pointless shit so my email isnt the most obvious thing ever.

Good luck, friendo.

>>2109737
you a little salty, but ETH and BTC are safe to put it into. they wont change too much, if they do they will probably go up, and if they go down they wont go down for long.
they just arent great to make good returns on if you cant continually catch them low.
If they are both mooning I consider LTC as well to save some money when the big boys come back to a normal level.

>>2109488
>It has so much behind it for YEARS
Yeah, years of abandoned development lmao.

>>2109244
this is cringy and satisfying to think about at the same time

but I'd buy one of those houses

>>2109305
If your card gets declined or Coinbase acts retarded for another reason, buy off of buy.bitcoin.com and send it to your coinbase (or other) wallet. Extremely fast for first time users (9 hours for me), but they do charge a substantially larger fee. Worth it if you need the BTC fast to hop on a coin before it moons.

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I have 3 whole bitcoins lads, should I exchange, say 2 of them between top 10 coins and hold remaining one, or buy more now (1 or 1,5 BTC) and spread across 10 top coins?

Thanks in advance.

>>2109151
>poor as shit
>going into 4.5 year education this fall to make some big bux
>graduates just as the crash happens and miss the train
kill me

>>2110465
Or maybe wait a little and buy more if BTC drops after it hits $2000?

Also, in your opinion, how much do i need to hold longterm if i want to be fairly rich in a few years?

>>2109305
What are bitcoin transfers and why do they take so long? I do wanna learn about this stuff. I'm interested in seeing it work. Even if I only make gains of $100 a week. Tell me what you know

>>2109423
How do you earn only $200 a month?

>>2109317
>golem is too big to fail
LMAOOOOO

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>>2109151
I look forward to the years to come my friends.

I know nothing is safe, but what are the most sure coins for long-term HOLD in your opinion? Newbie with 5 000 € here

>>2110605
Pump at least 80% of that in ETH TODAY.

>>2110486
Shit country, part time because of college. I dont have debt tho..

>>2110605
Yeah I'm in a similar boat. I currently have $7700 I could invest.

>>2110614
why?

>>2110628
I see. No debt is very good

>>2109502
There is a possibility for you to be correct. However, think of first-mover advantage: in business, it is often not the best product who succeeds, but the one who gets enough adoption any would-be competitor need a disproportionately larger innovation to convince people to jump boats. See: Google, Facebook... Or even closer to home, short-term stock market individual traders who could have jumped on the crypto train anytime in the last 9 years but decided not to. Inertia is one of the strongest forces in human behavior.

Now consider cryptocurrency. Their decentralized nature means any crypto is as strong as the size of its network. While huge companies can and will implement private blockchains for their own uses, the vast majority of businesses will see a better return in piggybacking on the most successful cryptocurrencies. As long as transaction costs remain reasonable, there is simply no advantage in rolling out your own implementation. Everyone will experience a greater level of success sticking together than striking out on their own. The number of companies backing Ethereum is a strong signal in that regard.

I had the same doubts as you when I learnt about Bitcoin years ago. The idea of a cryptocurrency seemed sound, but I thought a better implementation would come along and displace Bitcoin. Newer cryptos did come, yet Bitcoin is still on top for now. I scoffed when BTC was at $100, then $300... I felt justified when it crashed in 2013 and assumed it would keep going all the way to 0. Look at it now. Took me 7 years to learn my lesson, but here it is: the market IS rational. Rationality is not based on mathematical models in a vacuum, but on human behavioral patterns as a whole. Technology might increase exponentially but people adapt to innovations in a linear manner.

(1/2)

>>2109502
>>2110680
The Bitcoin network is plagued with congestion, increasing fees, and it's losing more and more market share to alts as a result. For all intents and purposes, Bitcoin is not a working product at this moment in time.

And yet; the coin is hitting an all time high valuation. Bitcoin will remain the first point of entry to crypto for the next few years. Exchanges are set that way. Name recognition is big. Even the slow development of Bitcoin is an asset: the average person is looking for security, not change.

Popular alts stand to benefit from this situation. Once newcomers get their feet wet with Bitcoin and experience the network issues, it's a small jump from there to LTC or ETH. "Just like Bitcoin, but faster". The DGB pump might be bullshit, but it might also reflect something deeper at play: the original Bitcoin is revolutionary enough. The value proposition of a secure digital currency you can transfer in seconds without intermediaries is still as strong today as it ever was, and most of the world is still barely waking up to this idea being possible right now. Further innovations can be useful but aren't fundamentally needed. Stronger awareness leads to stronger adoption, which leads to stronger confidence, which leads to stronger awareness, in an endless virtuous circle.

(2/2)

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I just feel we really did not experience any huge bubble with BTC yet

huge bubble will be something truly insane in range tens thousands to hundreds of thousands

btc is so much more useful than some pretty tullips

>>2109688

Except ETH is going PoS soon so they won't be " printing " more

>>2109288
You are misinformed, ETH was never insecure, it was the DAO's code that had a bug. ETH paid for the DAO's fuckup. The ethereum network was never compromised

>>2109151
>This is it. It's the next "big thing". 99% of the planet doesn't know what a crypto is yet, but they will in the next 5 years.

Its already in a bubble you tard.

>>2109151
>You are the early adopters. Invest.

NOPE! The early adopters are those who bought bitcoin sub 1$. Early adopters are those who bought Ethereum at the ICO. You are laggard fools.

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>>2110465
>>2110480
>be polite
>ask a question
>get ignored

Why /biz/? Even a "fuck off" would be better than this fate.

>>2109301
>caring about tax
>in the world of crypto

What a cuck kek!!!

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t-thanks OP!

>>2109235
I agree with the other poster. ETH will replace BTC. XEM is not short. XRP is.

>>2110680
>>2110736
I was that anon, thanks for the response

>>2110680
>>2110736
Underrated posts.

>>2109317
Replace XBY with DGB
Replace RDD with pretty much any other coin.

>>2110680
>>2110736
high quality insightful post

>>2110956
>>2110960
major cope my man

>>2110961
A lot of us have no idea ourselves dude.

>>2109317
Holy shit people listen to this shill.
>sell ETH and XEM
>buy XBY and RDD
Hahahahahahha wow, /biz/tards truly are dumb sheeple who can't do research on their own.

>>2109317
Thanks man, sold all off my ETH yesterday and bought RDD.

>>2110465
diversity is a good.
>>2110480
up to you

define fairly rich. its a gamble at the end of the day even if its based on an educated guess. put away without hurting yourself and dont depend on it.
>>2110961
fuck off


dont buy into all the random pump and dump threads that appear daily. the lack of patience will fuck you up. remember, theres no honor amongst thieves.

What's the minimum amount of money I should start with in this whole crypto-investing journey?

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>>2111119
>major cope my man

COPE? Dude, pic related is my portfolio. And I have not bought ANYTHING in the last 6 months, because according to my analysis these prices were unwarranted.

You are literally buying my bags.

>>2111222
There is no minimum

>>2110961
A common strategy is 40% btc / 40% eth / 20% alt coins.

>>2111395
Sounds good, but fuck me for not buying eth when it was ~12 bucks, I was considering it but it was the
>buying memereum
period here and got scared off.

So now Im fighting with myself over buying now or waiting for "the dip".

Also
>being fairly sure that investing in crypto now will make me rich later
>still waiting for The Dip™

>>2111433
Check out this thread >>2110530 >>2110557 >>2110577 where they're talking about the relation of the two coins.

>>2111433
I'm buying eth asap

>>2111684
>buying at top

kek normie dumbfuck

>>2111711
>implying

>>2109507
coinmarketcap, buy the dip, diversify, hold

>>2111711
someone told me the exact same thing when it was at $10. hmmmm

I'm currently holding BTC, XRP, ETH and LTC.

Time for some cheap altcoins.

Where can I buy RDD if I'm from europe? Also, is it normal that the RDD blockchain takes literally days to update?

>>2112073
$10 and $110 are much different prices. hmmm

>>2109244

Lmao the next silicon valley fucking crypto creek

In all seriousness I'd buy one though

>>2109288

ETH wasn't coded wrong why does everyone say this reeeeeeeeeeee


It's like someone writing a shitty computer program in linux and instead of blaming who wrote the program they blame linux

>>2112230
You can buy Reddcoin and other altcoins from Bleutrade with no ID, waiting period, if someone is selling that is. If I helped you can throw me a bone: 16GuxQtuLRkT4Xo6QE4PdjHqfuU76vqXRq

So, if i'm new in crypto and have around 500$ to invest (east europe poorfag), what should i buy? ETH/XRP/BTC mostly?

>>2112355
ETH and BTC are safe bets for now.

People talk shit about XRP because it's centralized and jewish.

make millions.

open foreign bank account

deposit all there

keep millions.

Realistically speaking if the bubble happens as is promised, how much do I need to invest now to come out a rich man in ~5 years? Couple of thousand enough, or are we talking actual money? I have around 60k right now but I wouldn't want to blow an amount that actually hurts if I lose it all

>>2112425
Holy shit I'm going to save your money right now, not you you're far too gone

Diversify dummy. Cryptos, stocks, bonds, etc etc.

If you're willing to lose 5k then go for it. But you have to be fucking fast and work like a champ to make it.

DO NOT put all your money into crypto. Even if you are succesfull, you can risk losing it all and I do not think you're actually willing to do that desu

>>2112425
define rich.

either way you are making minimum 4-7% ROI getting in now and waiting two, three years

>>2112425
Current crypto market cap is at 60 billion. If by some miracle it reaches 1 trillion market cap, You'll need $60,000 to become a millionaire. That's a lot to risk. Note that's the average return if we're going by market index. You can do MUCH better or MUCH worse (lose it all). The risk is too high in cryptos now because we're in a bubble.

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>>2109151
TREEEEEEEEEEEEEEEEEE!!!!!!!!!!! I SOLD AT 1700.

FUCKING CRASHFAGS RUINED MY LIFE.

>>2112448
I was thinking about investing 2k on cryptocurrencies and spreading it on the top 10-20 strongest looking coins and holding, rest I keep spread as it is since I know they'll keep making me as they have this far. Though I'm really skeptical about cryptocurrencies and have only followed them for couple of weeks now

>>2112450
if a .com-esque bubble happens we're looking at way bigger returns than that. I'm just not convinced about how high this whole thing can go - even if cryptocurrencies become the next big thing, why wouldn't it just be BTC and that's that? Why would hundreds of altcoins rise in value, wouldn't it be natural for only one to emerge king?

>>2112496
>that pic
Hearty kek m8

>>2112508
daily reminder that Santa Clara Valley had thousands of startups all getting hundreds of thousands in VC early Y2K

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>>2109207
so i just got a job but would like to start doing this

(my dad also told me he'd like to help me out with learning trading over the summer)

can i get a starter pack on the coins, how to buy, safety, etc?

>>2109207
Say hello to the IRS when you try to cash out buddy. They'll want a record of every single transaction you made.

>>2109764
Well, you're a basic retard apparently

1) never sell coins. ever. the only time it's acceptable is to cash out on a coin that never moves like GNT to buy DGB or something at a dip, but then buy back the GNT you sold when you have money

2) Don't spend more than you can afford to lose.

There are only 2 rules you retarded fag KYS.

If I'm a Newfag to cryptocurrency and want to get into alt coins, how should I do this? I only wanna drop a couple hundred a month maybe

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>>2112580
Here's a quick rundown

>easiest way to start is to acquire bitcoin first. Use a safe exchange (something like coinbase)
>Make account
>you can either go to a bitcoin ATM or pay with an account or card.
>exchange will send a verification amount to your account, you will relay to them what it cost.
> you can then buy coins.
>you should then select a wallet.
>in order of security: pen&paper wallet, hardware wallet, Linux software offline wallet, online wallet, third party wallet (most popular). General ease of use increases as things get less secure. Don't trust a third party with coins unless you can afford to lose them.
>after selecting a wallet, purchase coins to the amount you like and transfer them to your wallet immediately.
>open a new account on a separate exchange offering altcoins.
>you can now exchange bitcoin for altcoin. You are in it.
>watch the market with charts and sites as Google will list, then trade when low and sell high. Or hold. Whatever.

>>2113022

Can you explain the different type of wallets?

Anyone here knows how to set up a rig?

REEEEEEEEEEEEEEEEEEE

FUCKING SHITTY WEBCAM DOESNT TAKE HD PICTURES AND I CANT VERIFY MY IDENTITY ON GDAX WITH IT

>>2112230
dont buy RDD you cuck you getting scammed the big fish will sell very soon if they havent already, if you didnt buy it at 9 or 10 sats youve missed it its a completely useless coin that could be replaced by a 1000 other coins

>>2112589
Bittrex has every single transaction you have made on their exchange under the orders tab

>>2113022
>>2113206
I would also like to know.

I don't really get the wallet thing. I've a coinbase accouns. Isn't that a wallet?

Sorry for the newfag questions.

>>2110956
>>2110960

You are so wrong it's hardly even worth pointing out. But I'm going to do it anyways.

Losses incurred in the .com bubble collapse were about $8 trillion.
>http://www.stockpickssystem.com/2000-stock-market-crash/

Losses incurred in the housing bubble collapse also totaled around $8 trillion
>http://money.cnn.com/2011/06/09/news/economy/household_wealth/

The entire crypto market is worth approximately $66 billion. This is but a sliver in multi-trillion dollar markets. If we're to assume similar losses down the road, the crypto market needs to be worth ~120 times what is today.

We are nowhere near a bubble, YET. But it's starting.

>>2114062

Coinbase can currently only be treated as a "wallet" for BTC, ETH, and LTC. You can't just store any old coin there. Most coins have their own independent wallets you run on your PC. After you buy the coins from an exchange you transfer them to the wallet on your computer.

>>2113354

As in a mining rig? Don't bother. There's almost nothing you can mine profitably anymore. Take the money you would spend on a rig and just by cryptos directly. Your ROI will be much MUCH better.

>>2112073

it went from 10$ to 110$ in 2 months
it will dip and it will be painful.

I am buying ETH when it goes back to 40$

>>2114161
I think crypto is different. You're making an entire new asset class, the hype is indeed real but if you look at the overall market this kind of investment is new and due to the Japanese legislation in april.
It's not going to be something we can predict because it's a direct threat to the whole financial system.
I can't see this market lasting long without more regulation, and that regulation can't be predicted. There may never be a bubble or burst, simply because the market will be limited in what it can do.
Plus you've got tons of Chinese interest involved in the market so it's not going anywhere soon.

>>2114465
>I think crypto is different.

"It's different this time!!!" - bubble confirmed

I always have the buy failed message on coinbase and then it says I had too many charge attempts today.. does anybody solved this somehow?

>>2112496
buy high sell low

>>2112616

almost correct

for alts: you should be able to recognize which coins are pnd and which are real and act accordingly

can somebody tell me about litecoin? why was it added to coinbase?

>>2111201
Did you kill yourself yet?

Can anyone tell this poor newfag what sats are?

>>2109235
ETH will not replace BTC, LTC will replace BTC

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>>2110736
This. BTC is like the model T of cryptocurrency

>>2116101

Satoshis.

>The satoshi is currently the smallest unit of the bitcoin currency recorded on the block chain. It is a one hundred millionth of a single bitcoin (0.00000001 BTC). The unit has been named in collective homage to the original creator of Bitcoin, Satoshi Nakamoto.

>>2110680
>>2110736
this is some amazing writing my friend, very good posts

>>2115482
Charlie Lee, the creator of Litecoin, is the Director of Engineering for Coinbase.

>>2115482
This. Will it be another ETH? Should I get in now?

>>2110736
> "Just like Bitcoin, but faster".

> "Awesome! Now I can buy and hold at 5x the speed!!"

What happens to the alt markets when BTC crashes? Are they going to crash and burn or rise?

what happens to btc based ICO's if etherium is increasingly popular?

>>2117794

Bitcoin is slow and archaic. My prediction is that eventually most coins will be tied directly to dollars rather than satoshis.

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>>2109301
>returning to fiat

>>2119212

Cryptos are measured in dollars, and worth literally nothing unless they are returned to fiat at some point.

I've had a coinbase account for a while with some decent money in it, but never used it for anything, what cryptocurrencies should I be buying before this "bubble" guys?

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Im in love with this board

Also helps that im a fucking autist

This is what $200 gets you in 2 days friends

Bless up

>>2116135
Why? What makes it special?

>>2109255
>It's so hard to imagine the world changing to crypto
then you have a very limited imagination,...
>>2109271
>The world will not "change over to crypto" it's too complex
The Internet was too complex too for the average person.
and then it became so simpple even retards can use it

>>2114249

lol you are such a faggot... shilling to keep people from getting into mining so the hash rate difficulty stays down...

to answer the mining question; depending on what you mine with GPU like ETH, ZEC, etc you will begin to make a profit at like 150-200 day mark, with the realistic potential of it happening much sooner

>t. guy who invested into a 7 GPU miner beginning of the year and already has 60 ETH out of it, or a profit margin of ~$5.5k thus far

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It seems like there are many knowledgeable anons here, i really want to into coins. I have been watching bitcoin since before it was 100 dollars but i never had the money to invest and now that i do i feel like i need to learn a lot.
To top it all my country's exchanges aren't good and i don't know how to get into international ones or which to choose. Still need to get into the other coins too.

What do you think, where should i get knowledge?

>>2120148
Country?

>>2120122

Shut the fuck up you insufferable retard.

Assuming you bought your "7 GPU mining rig" at the beginning of the year, you would have spent roughly $3,000. You've managed $5.5k since then per your claims mining ethereum. Slow. Fucking. Clap.

Whereas, if had simply spent the $3,000 on Etheruem on Jan 1st 2017, it would be worth over $47,000 right now.

TL;DR - A straight purchase of ETH outperformed your shitty ass mining rig by almost 900%.

lrn2math. After you do that, eat my ass. Faggot.

>>2120179
Brasil. 2 years ago the biggest exchange (mercadobitcoin) went mtgox on us, a new one was born which seem to be much better and took first place (foxbit).
Right this moment mercadobitcoin is down and foxbit's graph feed is frozen (https://foxbit.com.br/grafico-bitcoin) but transactions are going normally.
They also have low volume, around 800btc each.

>>2120205
Check out bittylicious. They are overpriced but reliable UK company. They pair buyers and sellers. Like an automated localbitcoins.

>>2120217
ok, thanks.
I gotta go now, but i'll procrastinate on this thread when i awaken.

>>2110493
re-read his post you autist

>>2120186
Mining rigs offer less explosive roi than straight trading but they are much much safer, I've built 3 rigs around november last year and it cost me around 6000$, so far the rigs revenue is about 20k $ and they will continue to produce the revenue regardless if market goes up or down, You are simply hoping the market will always go up. Also after ROI period you can always sell your gpus to other miners to almost guarantee getting your money back, currently radeons are worth more on the market than the price I was paying for them half year ago because demand is so damn high for them.

And yes I would have made thousands of percent more if I would have just bought eth at 6$ around that time, but like I said you cannot expect the market to go up forever and I did not have a crystal ball on me either.

so how,what where do i invest in this

>>2119182
it will take years for banks and regulators to catch up and make it happens.

>>2112508
good luck with the tax reports

>>2120331
Lol if the market doesn't go up you make nothing. Your mining rig is a waste and GPUs are shit, FPGA or preferably ASIC or nothing.

>>2120416
Well you couldn't make it more obvious to how little clue you have about mining. The price of a coin has nothing to do with profitability. Go spread your FUD somewhere else.

>>2109151
I like your use of the word bloviating