MISC Crypto Crew (MCC) Vol 7: [New Year Edition] Reading Charts Vs Throwing darts

[Gringo12]

OG thread: https://forum.bodybuilding.com/showt...hp?t=173249701

Vol. 1: https://forum.bodybuilding.com/showt...hp?t=174270261

Vol. 2: https://forum.bodybuilding.com/showt...hp?t=174590131

Vol. 3: https://forum.bodybuilding.com/showt...hp?t=174863441

Vol. 4: https://forum.bodybuilding.com/showt...hp?t=175032101

Vol. 5: https://forum.bodybuilding.com/showt...hp?t=175123511

Vol. 6: https://forum.bodybuilding.com/showt...hp?t=175167371




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.

Australian brahs use these to put FIAT into crypto
www.coinspot.com.au (you pay a premium but you also sell at a premium on this exchange so it’s ok)

www.btcmarkets.net

Or you can use coinbase (you can buy here but you can’t sell)

(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 - hold on for dear life

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

-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]

-Antshares/Neo (NEO)

-Waltonchain (WTC)

-OmiseGo (OMG)

[Serenadium]

bow down to your 2018 god

[KoCorl]

in.

edit - Spot sold to AltcoinChatter -- coming soon

[mcdojo]

Spot sold to ripple

[Silencespeaks]

Happy New Year!

[FruityPebbles]

In. Last post for 2017

[CTSV648HP]

innnnnn to make millions


^^^^^ sorry bro, XBY does 10k transactions per second

[Gringo12]

What a huge year 2017 was. Can’t wait to see what 2018 has in store for us. here’s a screen cap of CMC 12 months ago (left) compared to today’ish (right)



Also this bitcoin “dip” is the first one experienced by mainstream. Once btc runs back up to 20-30k, people are going to be sold on “it always bounces back higher” and the FOMO will be real


Also: prettier for the noobs

[jamalfudge]

TFW no need to sub, because this thread will be on the first page every time.

[pondus_levo]

Happy New Years Guys!

Massive gains today. Portfolios went from 2500 to 3200. Took gains out of 3 coins and reinforces some flatter coins and invested in some new ones that I think are about to Jump.

Good day for trx too, I’m still hodling even though I am back up about 12%. I still think it’s poised to moon.

[VolvoCEO]

In on new year new thread

[Schnitzl]

inn, have fun everyone this year and pls for the love of everything thats crypto, HODL

[Trapstar4.4]

sitting here wondering how much money can i make off this sht in 2018. going to do my best. it's all we can do

[mCheech]

Figured I'd be happy with my 7300 XLM coins right now, but I wanted to put in $5k before the moon.















firstworldproblemsmeme.jpg







HAPPY NEW YEAR!

[propreffered7]

There's icn in the top 15

[wickedman]

Hopefully we get a gainz difference similar to 17 vs 18.

[KhumatMibra]

in to make more gains in 2018 than we did in 2017

[paul_v]

Happy New Year all!

[iifymbro]

[IlliniTrack800m]

in... been waiting for nearly 2 weeks now for my bank deposit to go to my usd wallet in coinbase..............

[RushEm]

happy new years brahs
edit: didnt see snapshot in OP. heres to a good year in crypto!

[5avage]

INN.

Hopefully the year of XLMoon.

[MuayThailand]

In.. hoping for a strong Q1 for my NEO and OMG

[EasTexan]

In.

[RedSoxfan1978]

Showtime brahs!

[mCheech]

Anyone think Ripple gonna move up anymore or stall here for a while? I want to move my gains there into Tron.

[ceizer1985]

1st page...lets make some $$$ *******s

[jamalfudge]

In.. hoping for a strong Q1 for my NEO and OMG

OMG = slam dunk bra.

[dbs25]

In for year of ICX

[rome1989]

In.