MISC Crypto Crew (MCC) Vol.5: Bitcoin Wars Episode V: Back to the Futures

[KillahJon]

11-02-2016 to 06-21-2017
OG thread: https://forum.bodybuilding.com/showt...hp?t=173249701
06-21-2017 to 08-17-2017
Vol. 1: https://forum.bodybuilding.com/showt...hp?t=174270261
08-17-2017 to 10-11-2017
Vol. 2: https://forum.bodybuilding.com/showt...hp?t=174590131
10-11-2017 to 11-16-2017
Vol. 3: https://forum.bodybuilding.com/showt...hp?t=174863441
11-16-2017 to 12-9-2017
Vol. 4: https://forum.bodybuilding.com/showt...hp?t=175032101


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.

~~~RECOMMENDED EXCHANGES (for US brahs)~~~

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

Binance

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

OP's #1 recommended intro guide to crypto
https://mycrypto.guide/#what

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

Coin Crew (run by a MISC brah, a summary of things that happen in this thread/coins to watch out for

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

Also consider getting a Nano Ledger/off-exchange wallet

[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 THE ****ING DIP!!

Hall of Fame MCC coins (coins recommended in previous threads that blew up]

-NEO

-WTC

-OMG

[TruKnight]

in.

edit: spot for sale, 350 btc

[Silencespeaks]

Innn

[Rangerz91]

selling this spot for 5 gen 0 crypto kitties

[SKBeast]

in on 5rd post
selling spot for BTC

[twopiece]

in for advice

[SpencerFS]

Bitconeeeeeeect

[DavidL913]

h-hey how do I buy BTC?

do I insert money into my cd-rom drive?

[naaboo]

spot for sale

[Enragingboner]

Iota to the mewwwwn boyyyyz

[SoyEnergy]

[Rangerz91]

Holy that ltc candle lmao

[recedingjaw]

In lads

Lmao at LTC virgins trying to beat BTC in returns. Give it a few weeks and BTC chads will come back with $30k btc

[Gringo12]

In,



None of those coins are misc hall of famers tho lol. That’s coins that we get into at ico level and they blow the Fck up like omg, WTC and neo

And also needs a lit crypto picture in OP

[mCheech]

In

Stuck $100 in LTC 15 minutes ago at 160 and it's at 193 lol.

Threw 2k into bitcoin 2 days ago at $16k, but didn't realize it takes a week for the funds to transfer (RIP)

[wilsontt]

in on 1st

[Mythenthefang]

IN

commense OMG shilling

https://youtu.be/sOn3-OhdxnU

[recedingjaw]

In,



None of those coins are misc hall of famers tho lol. That’s coins that we get into at ico level and they blow the Fck up like omg, WTC and neo

And also needs a lit crypto picture in OP

Yeah OP needs to put it back to neo, omg, and wtc. Those were actually shilled here. There was never a large shilling of iota

[KillahJon]

In,



None of those coins are misc hall of famers tho lol. That’s coins that we get into at ico level and they blow the Fck up like omg, WTC and neo

And also needs a lit crypto picture in OP

lol the previous thread was so short, I don't think anyone got into a godly ICO

[KillahJon]

Yeah OP needs to put it back to neo, omg, and wtc. Those were actually shilled here. There was never a large shilling of iota

Those were 2 threads ago

[recedingjaw]

IN

commense OMG shilling

https://youtu.be/sOn3-OhdxnU

Lmao at that virgin GNT meet up. Id say that has to be the most disappointing coin to date for me. Future looked bright back in March

[FatalTragedy12]

IOTA now at $14.1B market cap - Bcash (24B) next in line to be ascended by the Alt Chad reaper of death.

[Mythenthefang]

Lmao at that virgin GNT meet up. Id say that has to be the most disappointing coin to date for me. Future looked bright back in March

They managed their PR SOOOOO poorly this year, jeebus

I still believe in the product though

[Afiss]

Thoughts on xlm?

[rhadam]

First page hhhnnngggggg

[JamaicaBrah]

Just holding everything till morning, not selling my measly IOTA stack or my LTC (bought at $72)

ETH having a nice run up as well

[Witrebel]

IOTA above $5 start of next thread.... IN

[m1n2v5]

Litecoin master race

[Luc1fer]

Eth bull run next?

Damn, Dawn of the futures was better

[Chargr]

In on 50 post per page master race.. yet again..