OG thread - https://forum.bodybuilding.com/showt...hp?t=173249701
Introduction to Cryptocurrency
The two "big" Crypto's are Bitcoin (the OG) and Ethereum (ETH). There are hundreds, maybe even thousands of other coins but all flow through ETH/BTC (mostly BTC). As a trader you will mostly be trading your $$ into Bitcoin to invest in these other coins.
Bitcoin - Bitcoin Summary
Ethereum -
Ethereum for Everyone
Beginner's Guide to ETH
Where do I go if I want to get in on this???
The only ways to buy bitcoin/ethereum with your dollars are through these things called exchanges.
Examples of exchanges: (links to each exchange will be added later)
(Dollars -> BTC/ETH)
Coinbase - most newb friendly/high fees. You can buy Bitcoins and Ethereum here with your dollars.
GDAX - owned by Coinbase. Lower fees. Cons - requires a SSN which not everyone is comfortable with
Gemini - low fees, nice interface. Cons - Takes time to get verified so you can make deposits
Kraken - Similar wait time to get verified as Gemini, if not longer. I don't personally use Kraken but others do
Canadian brahs use QuadrigaCX
from these above exchanges, you can take your dollars and convert them to Ethereum or Bitcoins. Now..you could just hold these coins and be happy, or you could explore into the world of alt coins.
(BTC -> alt coins)
Bittrex
Poloniex
Kraken also has a altcoins, being one of the only exchanges with USD -> BTC/ETH as well as BTC/ETH -> alt coins
Liquio, EtherDelta, Bitfinex are some other exchanges
Common Terminology Used
Glossary of terms
Way too many to list so I will just put down a few most commonly used, please refer to the link above ^ for a broader list of terms. Google is your friend!
Fiat - Government-issued currency, such as the US dollar.
ICO - Initial coin offering. Crypto's version of an IPO
FOMO - Fear of missing out.
FUD - Fear, Uncertainty, Doubt. Basically people spreading chit to try and get ppl scared so they'll sell at inopportune moments
Hodl - Crypto folk's version of the word "hold"
Pump And Dump - The recurring cycle of an altcoin getting a ton of attention, leading to a fast price increase, and then of course followed by a huge crash.
Shilling / pumping - Someone essentially advertising another crypto-currency for their own personal gain. If a coin is promised to cure cancer or be the second coming of Jesus, it's being shilled.
Altcoin - Generally any crypto-currency other than Bitcoin or Ethereum. (Though some Bitcoin folks would probably still say Ethereum is an altcoin)
ATH - All time high
Bearish - Expecting prices to decrease
Bullish - Expecting prices to increase
Going long - A margin trade that profits if the price increases.
Going short -A margin trade that profits if the price decreases.
MEW - MyEtherWallet
Useful links
Coin Market Cap - Basically an index of all coins with how much volume is being traded, price, %change, market cap, and also has a tab where you can see exactly which exchanges any particular coin is being traded on. HIGHLY RECOMMENDED
Bitcointalk - large gathering of coin talk
CryptoWatch - Price tracker for coins
Countdown for all ICOs
Ethtrader subreddit - Home of all the ETH bag holders. Good discussions there
/r/CryptoCurrency - Random discussions about random cryptos here
Bitcoin subreddit - Mothership coin gets a mention here
Great, I've got my coins now. HOW DO I KEEP MYSELF SECURE???
General security tips
[General investing tips]
-!!!!GOLDEN RULE!!! - Don't invest more than you are willing to lose. Crypto can be great profits but it can all disappear in an instant as well
-Do YOUR OWN research on any coin before making an investment in it. Don't just listen to some other person and buy it without doing your due diligence. A lot of people will talk up any coin they own shares up (shilling) while some may even spread FUD about other coins
-General ideas of coins with potential: good dev team, solid community (active subreddit/slack channels), small market cap (WITH POTENTIAL TO GROW), and of course..a great product
-Veterans (me not being one of them as I'm about a month deep in crypto) stress to HODL - Don't panic sell your coins just because they're having a bad day. If you believe in the coin, the technology, and the devs...BUY MORE!!!
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Closed Thread
Results 1 to 30 of 9199
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06-20-2017, 09:48 PM #1
MISC Crypto Crew (MCC) Vol.1 Ethereum is getting flushed faster than my morning deuce
Last edited by yuja; 06-21-2017 at 07:06 AM.
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06-20-2017, 09:49 PM #2
in
You must spread some Reputation around before giving it to yuja again.Make Misc Great Again
Not in any crew crew
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06-20-2017, 09:52 PM #3
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06-20-2017, 09:58 PM #4
in, so is this thread going to be a merger of the eth/btc threads?
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06-20-2017, 10:00 PM #5
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06-20-2017, 10:01 PM #6
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06-20-2017, 10:01 PM #7
- Join Date: Feb 2007
- Location: Minnesota, United States
- Posts: 12,973
- Rep Power: 55074
6rd
trainingwithryan.substack.com
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06-20-2017, 10:02 PM #8
The year is 2020: Ark & Waves are trading for $500+
will bump
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06-20-2017, 10:07 PM #9
innn
Currently holding mostly Golem / Sia and a few other alts
( not very much as I'm poor haha )Um....yeah...I dunno man 🐙 6'7 l 110kg/244lbs 🐙
✫ This Too Shall Pass ✫
I̸̟̰̳̱̙̰̼̔̃̽̅̾̍̂̇͢͢ ŗ̸̡̻̺̼̥̹͔̰̈́̄́̏͐̊͊ȩ̸͔̙̺̦̊̿̍̓̌̿̆͢á̸̱̜͙͓̻͔̂͆͂̾͢͟ͅĺ̴̼̩̠̪̱̬̻̊́̏̄̋͋̕̕͘͢ͅͅl̛̥̰͍̥̒̃͑̎͛̉̍͘ͅẙ̸̺̺̖̪̮̯̦͉̂̉̕͡ͅ d̨͎̲̳̦̙̀̂̓́̌̈͜͠ͅo̸̗̞̣̼͙̪͔̮̖͋̔̌͢͠͞n̵̮̟̗̭̳̪̞̑̆̉̀͗̔͆̅͜͞'̶̢̦̤̥̤̪̐̀̀̈́́̈́̕͜t̵̮̲̪̝̣͚̊̊͆̒͌̚ k̴͎̗̮͖̘̳͋͊̀̐͛͆͋̂͢ņ̢̣̻̲͕̘̲̯̋͋̓̀̀͛̆̆̅̾͟ǫ̷̛͇͚̠̠̺͖̗̞͚̇̂́͌͗̃̿̈w̶̡̨̧̝̜̱͉͓̤̭͛̋̍̃̒͌̚̚
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06-20-2017, 10:09 PM #10
Up in this mug boyos
Just bought some ANS earlier
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06-20-2017, 10:13 PM #11
ANS crew we up in dis
Death is impossible for us to fathom: it is so immense, so frightening, that we will do almost anything to avoid thinking about it. Society is organized to make death invisible, to keep it several steps removed. That distance may seem necessary for our comfort, but it comes with a terrible price: the illusion of limitless time, and a consequent lack of seriousness about daily life. We are running away from the one reality that faces us all.
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06-20-2017, 10:14 PM #12
Innn
My lambo will be lime greenβΌ "Don't stop. Never quit. No excuses." βΌ
PAD ID: Lux@BB/PF 359,050,270
Motorcycle crew
BMW crew
Cryptocurrency crew
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06-20-2017, 10:16 PM #13
you guys still holding ANS? planning to sell before the conference or long-term?
Make Misc Great Again
Not in any crew crew
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06-20-2017, 10:17 PM #14Um....yeah...I dunno man 🐙 6'7 l 110kg/244lbs 🐙
✫ This Too Shall Pass ✫
I̸̟̰̳̱̙̰̼̔̃̽̅̾̍̂̇͢͢ ŗ̸̡̻̺̼̥̹͔̰̈́̄́̏͐̊͊ȩ̸͔̙̺̦̊̿̍̓̌̿̆͢á̸̱̜͙͓̻͔̂͆͂̾͢͟ͅĺ̴̼̩̠̪̱̬̻̊́̏̄̋͋̕̕͘͢ͅͅl̛̥̰͍̥̒̃͑̎͛̉̍͘ͅẙ̸̺̺̖̪̮̯̦͉̂̉̕͡ͅ d̨͎̲̳̦̙̀̂̓́̌̈͜͠ͅo̸̗̞̣̼͙̪͔̮̖͋̔̌͢͠͞n̵̮̟̗̭̳̪̞̑̆̉̀͗̔͆̅͜͞'̶̢̦̤̥̤̪̐̀̀̈́́̈́̕͜t̵̮̲̪̝̣͚̊̊͆̒͌̚ k̴͎̗̮͖̘̳͋͊̀̐͛͆͋̂͢ņ̢̣̻̲͕̘̲̯̋͋̓̀̀͛̆̆̅̾͟ǫ̷̛͇͚̠̠̺͖̗̞͚̇̂́͌͗̃̿̈w̶̡̨̧̝̜̱͉͓̤̭͛̋̍̃̒͌̚̚
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06-20-2017, 10:20 PM #15
- Join Date: Mar 2009
- Location: North Carolina, Singapore
- Posts: 11,601
- Rep Power: 29516
i guess im in until i drive a lambo or sleeping on the streets
Sloots come and go but moms are forever
Get to know your parents: you never know when they'll be gone for good.
Be nice to your siblings: they're your best link to your past and the people most likely to stick with you in the future.
Enjoy your body: use it every way you can. Don't be afraid of it or of what other people think of it: it's the greatest instrument you'll ever own.
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06-20-2017, 10:20 PM #16
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06-20-2017, 10:24 PM #17
are you guys playing around with a significant amount of your net worth? saving money outside of crypto or going all in?
i have a decent amount in my bank wasting away and don't know if i should put any more in since like 20% of my savings is already in crypto and there's always that chance this may all disappear one day, don't think i'll ever put enough in to get me to lambo land unless increases like eth happen again
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06-20-2017, 10:27 PM #18
Got my 401k/IRA/ESPP all taken care of, no debts, rest of the money (that I can afford to lose) is going into crypto. Just lol @ my vanguard funds getting ~18% return YTD on a "good year" when eth/an alt coin can do that in one day/week/month
plus at a younger age you can take on more risks (provided you have no outstanding loans/debts). Secret to $$ is patience in this area
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06-20-2017, 10:27 PM #19
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06-20-2017, 10:32 PM #20
I didn't put much in at all, but it grew and would be worth a decent amount of my current net worth if I were to cash out.
Which is sort of why I am willing to gamble it all in ANS. I figure since I never cashed out, my loss would only really be my initial buy in, but the potential gains are ridiculous. Like I'll never get those kinds of gains except on a lottery ticket.Death is impossible for us to fathom: it is so immense, so frightening, that we will do almost anything to avoid thinking about it. Society is organized to make death invisible, to keep it several steps removed. That distance may seem necessary for our comfort, but it comes with a terrible price: the illusion of limitless time, and a consequent lack of seriousness about daily life. We are running away from the one reality that faces us all.
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06-20-2017, 10:33 PM #21
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06-20-2017, 10:33 PM #22
- Join Date: Jun 2012
- Location: Brisbane, Queensland, Australia
- Posts: 31
- Rep Power: 0
It's time.
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06-20-2017, 10:35 PM #23
Tomorrow around the same time.
After some thinking I am planning on holding my ANS.
The conference is in a god damn Microsoft building with a Microsoft speaker. Even if he doesn't announce any crazy partnership and just speaks vaguely about crypto, it shows ANS is for real not some sh!t dogecoin/Max Keiser Coin crap.Death is impossible for us to fathom: it is so immense, so frightening, that we will do almost anything to avoid thinking about it. Society is organized to make death invisible, to keep it several steps removed. That distance may seem necessary for our comfort, but it comes with a terrible price: the illusion of limitless time, and a consequent lack of seriousness about daily life. We are running away from the one reality that faces us all.
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06-20-2017, 10:36 PM #24
thoughts on skincoin ico? i have not contributed to my first ico yet
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06-20-2017, 10:39 PM #25
Ayyyy first page.
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06-20-2017, 10:39 PM #26
idk much about it but i saw m0e and dazed (2 huge csgo streamers/youtubers) are following the skincoin page on twitter, could be a good sign if they decide to promote the fuk out of it since they've been involved in csgo gambling for years and have a big audience with some following them just for that
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06-20-2017, 10:45 PM #27
lol anyway to not make thread title as fuking gaudy as that man? just gonna attract unnecessary negative attention and get rich quick idiots. we dont need more of that.
reps for life:theheffnerr, AlphaMisc, Ancient Olympia
++ Positive Crew ++
Pre-MCC Vol.1 Crew
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06-20-2017, 10:51 PM #28
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06-20-2017, 10:53 PM #29
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06-20-2017, 10:57 PM #30
- Join Date: Jul 2010
- Location: Coquitlam, British Columbia, Canada
- Posts: 15,720
- Rep Power: 28903
Fuk missed first page
There and back again twice, a deep red's tale.
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