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  1. #1
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    MISC Crypto Crew (MCC) Vol.1 Ethereum is getting flushed faster than my morning deuce



    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!!!
    Last edited by yuja; 06-21-2017 at 08:06 AM.

  2. #2
    Not Banned Vbrah's Avatar
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    in

    You must spread some Reputation around before giving it to yuja again.
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  3. #3
    Registered User zhengterry's Avatar
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  4. #4
    Registered User jj1421's Avatar
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    in, so is this thread going to be a merger of the eth/btc threads?

  5. #5
    Registered User yuja's Avatar
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    Originally Posted by jj1421 View Post
    in, so is this thread going to be a merger of the eth/btc threads?
    the old bitcoin thread more or less became the "talk about altcoin and other crypto news thread", this is just continuing that

  6. #6
    Not Banned Vbrah's Avatar
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    Originally Posted by jj1421 View Post
    in, so is this thread going to be a merger of the eth/btc threads?
    hopefully. plus, the majority of questions that newcomers have can be answered by the OP now
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  7. #7
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    Have a coaching, training, nutrition question? PM me!

  8. #8
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    The year is 2020: Ark & Waves are trading for $500+





    will bump

  9. #9
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    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

  10. #10
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    Up in this mug boyos

    Just bought some ANS earlier

  11. #11
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    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.

  12. #12
    The Jarl eternalone423's Avatar
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    Innn

    My lambo will be lime green
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  13. #13
    Not Banned Vbrah's Avatar
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    you guys still holding ANS? planning to sell before the conference or long-term?
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  14. #14
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    Originally Posted by yuja View Post
    I have some golem in my wallet, like the product and looks like it has potential



    We colonybrahs now
    Decentralised storage and computing , literally creating a rampant AI to destroy the world
    Um....yeah...I dunno man 🐙 6'7 l 110kg/244lbs 🐙

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  15. #15
    *Platinum Account* meteoraniac's Avatar
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    i guess im in until i drive a lambo or sleeping on the streets
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  16. #16
    Registered User yuja's Avatar
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    Originally Posted by Vbrah View Post
    you guys still holding ANS? planning to sell before the conference or long-term?
    bit of FOMO not selling at 14 but I'm betting on the conference going well and ANS going to the moon


  17. #17
    Registered User jj1421's Avatar
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    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

  18. #18
    Registered User yuja's Avatar
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    yuja is offline
    Originally Posted by jj1421 View Post
    are you guys playing around with a significant amount of your net worth? saving money outside of crypto, 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 net worth is already in and theres always that chance this may all disappear one day, don't think i'll put enough in to get me to lambo land unless increases like eth happen again
    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

  19. #19
    Registered Hodler chesterr's Avatar
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    in on this chit to hodl

  20. #20
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    Originally Posted by jj1421 View Post
    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
    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.
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  21. #21
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    Originally Posted by Vbrah View Post
    you guys still holding ANS? planning to sell before the conference or long-term?
    Conference is in a few hours or so, right?

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    It's time.

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    Originally Posted by XPmpnII View Post
    Conference is in a few hours or so, right?
    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.
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  24. #24
    Registered Hodler chesterr's Avatar
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    thoughts on skincoin ico? i have not contributed to my first ico yet

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    Ayyyy first page.

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    Originally Posted by chesterr View Post
    thoughts on skincoin ico? i have not contributed to my first ico yet
    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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    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.
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    Originally Posted by IceCoal View Post
    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.
    I could've made it "You won't believe these TEN EASY STEPS to get a LAMBO in one month!!...Tradies hate him!"

  29. #29
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    Originally Posted by yuja View Post
    I could've made it "You won't believe these TEN EASY STEPS to get a LAMBO in one month!!...Tradies hate him!"
    just prefer to make it more tempered man. only a handful of miscers should be even able to say lambo and crypto in the same paragraph cuz theyve made it.
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  30. #30
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    Fuk missed first page
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