Crypto Currencies ~ " Duck Tales Spin From The Crypt"

Exactly, for instance I put down $4k and bought some btc last week and as of right now that $4k has turned into $5400.

I am kicking myself in the ass right now when I did not listen to my best friend when he tried to get me into it several years ago.

 

With BTC already at almost $11K, I think we could see the $13K by the beginning of January- originally predicted for February.

I haven't decided if we've already had the "major correction" (approx. 40%) yet, or if that's still going to happen, but I think we already hit that a few weeks ago. Just my opinion.

Another way I gauge it... coinmarketcap.com

At the top you'll see that the current crypto market cap is $331B USD. That's an increase over $115B USD in the last week.

If you take a look at some of my previous posts, I tell you how to buy it and start trading it. You can get it done in a day.

Awesome part is- no FINRA day trading rules. You can trade as much as you want, whenever you want, and the market never closes.

 

Bro, we all are... That being said, what we didn't do yesterday- we can still do tomorrow. If you can buy ANY piece of a BitCoin now, I'd do it. 1BitCoin will be so expensive in a period of time that "normal" people can't afford it or won't look to buy it. If you can get it now and hold onto it, you'll be doing yourself a favor later on down the road.

Think DowJones in the early 1900s... If you had just a FEW shares then, what would you be doing now...

That being said, I am now diversifying into "alt" coins. I have a few criteria, but there are some (like FeatherCoin I hope) will eventually catch on and get to places like where ETH or ETH Classic is right now.

Imagine having 1000 FTC at $0.30C and then waking up and it's at $30.00 or even $300.00. That's turning $300.00 into $30,000.00 or $300.00 into $300,000.00 respectively.

 

When you speak of trading the bitcoin, what exactly do you mean?
Are you talking about using it as an actual currency like at star bucks or are you meaning trading it from btc to USD? Just trying to fully understand where the percentage for the fee gets taken out.
The fee for using coinbase is kind of what I'm confused about atm. I understand there is a fee for buying btc through coinbase (or at least that's what I think I understand) but is there a monthly fee for having an account? Or can you just buy one btc or ltc through coinbase and sit back and watch the market flow?

 

If everything goes the way it should you will be able to trade BTC for any good or service. On the other hand you can just convert your BTC into USD if needed. I believe there are talks of being able to pre-order Tesla's new car with BTC.

 

I have been in this game for a real short time but I have already put a few hundred bucks into the alt coins. I like to be able to buy a shit ton just for a few bucks and pray that it pays off in the long run.

 

Ok... I see what you're saying now.

This should help you: https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees

When I say "trade BitCoin" I literally mean that I buy BitCoin base using the CoinBase exchange (trade USD for BTC). Once that clears, I then send my BTC on my CoinBase account to my Bittrex (trading platform) account. At that point I can leave it alone or I can "trade" (or literally exchange) my BTC for another type of coin- say OMG, KMD or FTC.

If you only wanted to "hold" BTC (i.e. not exchange it for another type of coin) then you could literally just keep it in your CoinBase account.

 

So, according to the current numbers game (statistics) it's going to be 1 in 10 alt coins that "make it."

I get buying goods/services with BTC- awesome- but at the end of the day we can't pay our taxes with it- yet... Also, with the way it's increasing right now, you'd be crazy to "buy" something with it.

BTC- I think- will be the "Gold Standard" for the other alt coins- which we WILL buy goods and services with.

 

I'm part of a little "crypto trading group"- there are 3 of us- and we have lunch once a week and bounce ideas off each other. I've been day trading for a few years now, so the other 2 guys will call me when they have something that pops and be like "what do I do?!?" Haha.

I was joking with one of the guys- when I coached him on how to get through a trade he was in- and I told him he owed me. I was TOTALLY kidding with him, but he sent me 1,000 coins of one that's worth less than a penny that he had as sort of a joke on me. How sweet would the be if that less than penny coin even goes to something like $5.00 USD...

 

Is anyone here mining BTC?

Interested in hearing about that..

 

generally, you don't want to keep your btc on the exchange (Coinbase) as it can be hacked and stolen.

it is recommended to transfer your btc to an offline wallet, which is called 'cold storage'. you can keep in on a usb key and it will not be able to be hacked.

you can keep a cold storage in a usb key, a piece of paper, physical coin.

 

I see a lot of people losing their ass on BitCoin once the novelty wears off. Anytime something increases in value that much in a few years look out, especially when there is nothing tangible backing it.

 

Dude- I'm happy to answer any questions you have. I just hope something I share with you gets you some $$$!

So, technically when you purchase your BTC (i.e. through CoinBase) then you have a digital wallet for that currency. Remember- block chain technology... EVERY transaction (although basically anonymous) is kept on the ledger... It takes a little while to get your head wrapped around it because we're SO used to fiat (Dollar).

My thoughts wallets... With the amount of BTC (or USD equivalent) that I have personally (believe me, it's not millions), I'm not worried about it. IF someone was going to hack the system they are either going to target the largest holders OR the entire thing. At that point, if they hack the entire thing- we'll have bigger problems to worry about. So, honestly, it doesn't cross my mind. Once I (if I) ever get into the hundreds of thousands of dollars, then I'll start moving to "paper" wallets.

If you have a CoinBase account, you can buy BitCoin, Etherium and LiteCoin- not any of the other "alt coins."

I know you can use your credit/debit card to purchase (for a higher transaction fee) but I'm sort of in this for the "longer haul" so I just linked another bank account I created online to keep it separate and pay lower fees. It was just easier for me to do that.

 

Define "alt coin"

 

I am new to this also. So I am definitely paying attention to this convo

 

there are pros/cons with each cold storage.

a paper wallet can burn in a fire, then you lost all on that paper.

a usb can fail. some fancy usb, such as Trezor or Ledger you can buy around $100 I think. Although it sounds expensive, you set up a 20-25 word passcode that only relates to your Trezor/Ledger usb. If for some reason you loose your Trezor, you can contact Trezor and regain your btc with that 25 word passcode.

 

any other cryto currency other than btc. Eth and Ltc are the most popular, and probably the best alt coins, as their chance of survival is better than other alt coins

 

I'm still new and learning daily too.

You can buy the smallest amount of btc, such as just $10 if you wanted to. As far as how to set up a cold storage wallet, I'd recommend watching some youtubes. They can 'splain better than I can.

 

so Trezor and Ledger has a record of how much you store on your offline USB?

 

some people keep several cold storage wallets in case one gets lost/fails (i.e. a usb and paper wallet)