MISC Crypto Crew (MCC) Vol: XV: Getting Zucked into the Metaverse

**Gringo12** · 11-21-2021, 01:52 PM

Introduction to Cryptocurrency

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:

(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

------------------------------------------------------------------------------

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

Binance

KuCoin

Bittrex

For everyone: www.Crypto.com

Common Terminology Used

Glossary of terms

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

Ethtrader subreddit - Home of all the ETH bag holders. Good discussions there

/r/CryptoCurrency - Random discussions about random cryptos here

http://www.coindesk.com - Overview of what's going on in the crypto world

http://cryptopanic.com - An aggregator of various crypto sites and news, filterable. I use the pro version to customize the feeds but the free version is good enough for most.

http://cryptomaps.org - Visualization of price across different segments, primarily hashing functions and ICO release dates

http://onchainfx.com - A better version of coin market cap, has all sort of columns and you can add flags. Only downside is it only has 61 cryptos, but its always adding news ones.

http://icotracker.net - I like this site for looking at what ICO are coming up

http://icobench.com - Another ICO tracker which does nice summaries, shows teams, milestones, financials and gives a rating for each ICO

http://solume.io - compares the number of Twitter mention increase decrease to price

http://eveningstar.io - this is basically like Morning Star except for cryptos

https://bitcoin.tax - for calculating taxes owed on your crypto gains

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]

1) Don't have more than 5-10% of your entire investment portfolio in crypto, and only invest what you can afford to have locked in for the long term.

2) Don't chase a pump

Never buy on rapid upswing on the candlestick chart if you're not sure why it happened and can't figure it out. The reason is likely that it is a Pnd. PnD is "Pump and dump" and it refers to a trading scam where people organize to coordinate the laddered purchase of an asset, then wait for others to come in at some delay and further increase the price before coordinating the unloading of their position once a specific price target is reached. This is illegal in the stock markets, but since cryptomarkets are unregulated such schemes are rampant. There are many PnD groups and today they are largely organized on Discord channels. They are now structured into tiers where the top tiers get a signal earlier than the bottom tiers and usually by the time the bottom tiers get the signal its too late, so unless you pay money to part of the top tier or have a connection with the admins its not even profitable. They are bad for the market as a whole and they prey on those who are looking for short term moons to latch onto. Don't look for things that you think will moon today, look for investments.

3) Holding will give you more returns over a year than day trading.

You will find that most people who made six figures or more in crypto did it by holding over the long term, very few get rich by day trading. That said you should definitely learn a few indicators to see if you're getting in at a reasonable entry point. I find that the MACD (moving average convergence divergence), RSI (relative strength index), market depth and support-resistance lines are the most useful indicators for crypto. MACD is useful for looking at where the long term price should be in divergence to the short term movement, RSI gives you an 0-1 rating of how overbought/oversold it is and support-resistance lines gives you a floor and ceiling for how high it will move in your buying period. If you do short term trading, do it when you have high certainty that a specific news will lead to an increase. Some of these specific events are: upcoming roadmap item releases, fork airdrops, exchange additions and partnerships. Short term buys like this are smart moves based on some underlying value assumption being changed, trading purely on volume and patterns is generally akin to gambling on markets that are as inefficient as most cryptoassets.

4) Take your time and research what you are putting your money into.

I cannot stress this enough, you are buying an asset with your hard earned money, and it should have some utility. Start by reading the whitepaper that is on the main site for the coin. You can avoid a lot of scams by simply critically evaluating the question: "Why does this coin exist?" Is it simply trying to apply a blockchain to something that doesn't need it or is there a transactional inefficiency/problem that the unique properties of the blockchain can solve? Ask yourself what value the actual token would have in the ecosystem its part of. Does it pay out some kind of dividend like some coins, or is its value in that its used as part of transaction fees and is thus being burned? You can make a simple checklist for every crypto and just answer these questions to yourself for each coin you look at:

What is the problem or transactional inefficiency the coin is trying to solve?

What is the Dev Team like? What is their track record? How are they funded, organized?

Who is their competition and how big is the market they're targeting? What is the roadmap they created?

How will they attract their target market, how is their marketing?

How does the coin derive its value? Is there some sort of dividend structure, profit sharing plan, or is it a store of value within a digital economy? What is the float schedule like going forward (ie. how many coins will be released or burned)?

5) Learn to recognize FOMO when it arises within you

If you ever feel this itch to get in on an rapid upswing because you don't want to miss out on some new development that is causing it, stop yourself from knee jerk reacting to this feeling. This is called FOMO: "Fear of missing out" and its what drives the market now. It happens to everyone and it leads to emotional investing and knee jerk buying/selling.

6)Accept that you will miss out on a lot of moon missions, and that's perfectly okay

Right now the crypto market is like a giant dumb money party filled with coked up headless chickens running around throwing money at every ****coin with a low nominal price hoping it goes to $10,000 like Bitcoin. Everyone is a genius in a bull market, and this creates a feedback loop of more money come in. You will miss out on these gains, but don't let that get to you. By taking your time to make your decisions you end up focusing on the fundamentals rather than short term movements.

7)Think of not only individual position, but how they fit in your portfolio and your diversification

Your risk tolerance should dictate how much you allocate between your Core holdings (which are generally considered more "safe" since Bitcoin and Ethereum will be around for a long time) and the various segments. I personally am okay with a 30% core holdings, 70% across various other segments. However 60/40 splits between core and other segments is probably a good starting point for most newbies. You can make visualizations in excel with pie charts and keep tabs on your segment allocation.

**Gringo12** · 11-21-2021, 01:56 PM

Sponsored by Crypto.com. the leading distributor in crypto debit cards

**GainAfterPain** · 11-21-2021, 02:02 PM

Sponsered by Metis.

**Fewski** · 11-21-2021, 02:12 PM

Selling this space. Message me for details.

**SouthDakotaBrah** · 11-21-2021, 02:13 PM

Sponsored by Algorand

**LurkoLantern** · 11-21-2021, 02:26 PM

First page brought to you by Arbitrum. Remember the slogan: If you're not on Arbitrum, you're "regarded".

**jamalfudge** · 11-21-2021, 02:42 PM

Are those links in the OP still legit for the most part or still copypasta from the early threads? Lol

**entropy91** · 11-21-2021, 03:41 PM

**BrbBowflexing** · 11-21-2021, 04:24 PM

Thanks to CRO I can add quac to my chipotle order without flinching.

Make way commoners

**andres93** · 11-21-2021, 04:49 PM

This post was sponsored by all the heavy bags i'm holding

**Parkerscott** · 11-21-2021, 04:49 PM

Spot sold to brave browser, the crypto user layer that rewards you with BAT.

**MisterInfinity** · 11-21-2021, 05:02 PM

Fuarkkkkkkkkk

**entropy91** · 11-21-2021, 05:18 PM

Originally Posted by Parkerscott

Spot sold to brave browser, the crypto user layer that rewards you with BAT.

No lie I'm contemplating putting a fat bag into BAT. Need to do more research to see what they've been up to or got cooking.

RNDR rocket has lost steam finally. I can relax now.

**Awhat** · 11-21-2021, 05:36 PM

In on first page. secretly hoping crypto.com will pay me to sponsor this post.

pls

**moosik85** · 11-21-2021, 05:50 PM

Come on you bastards drop

Daddy’s got bags to fill

**W1LLW** · 11-21-2021, 05:50 PM

CRO & METISDao Humanity left behind stack

SIDE NOTE: This is by far the worst named crypto thread ever. Who signed off on this? We should restart another thread and try again. How does this thread not have the obvious meta verse or web3.0 mentioned? epic fail. 1/10 thread name.

**W1LLW** · 11-21-2021, 05:54 PM

Originally Posted by LurkoLantern

First page brought to you by Arbitrum. Remember the slogan: If you're not on Arbitrum, you're "regarded".

if you ARE on arbitrum you're making fukall since it doesn't have a token.

**lookass** · 11-21-2021, 06:07 PM

****ty thread title. Should be CRO to the moon or something

**Parkerscott** · 11-21-2021, 06:11 PM

Originally Posted by entropy91

No lie I'm contemplating putting a fat bag into BAT. Need to do more research to see what they've been up to or got cooking.

RNDR rocket has lost steam finally. I can relax now.

I goofed on rolling my Render into BAT. Luckily I didn't roll all of my GALA stuff early so got a lot of that pump. BAT chart looks primed, and sentiment seems to be pretty favorable aside from some people still not understanding why they should buy it.

Brave just released a new wallet the other day that works pretty well so far. Extremely easy migration and has a portfolio tracker and a dex swap feature like metamask. The wallet also has an integration with wyre to buy crypto with a credit card. In a new release soon it will be compatible with other chains as well as have an app store and nft portfolio. Uses less resources than metamask too and is safer. I can see it becoming a pretty popular wallet option.

Theres a lot of other stuff they are working on but I don't know what the timeline is like. All I know is that they are definitely growing at an extremely rapid pace and I see users all over the place that highly recommend the browser. They are at 42.1m users which makes it the third largest crypto company by userbase, but the big question is when is retail going to understand the importance of the amount of users or the major advertisers buying ad space?

Overall its been a safe place to park my money with an insanely high R/R value but retail hasn't yet caught on. The amount of BAT held on exchanges is also at a record low and literally everything is trending up heavy except for the price so its been a pretty annoying hold but I just keep buying more lol.

**jamalfudge** · 11-21-2021, 06:32 PM

https://mobile.twitter.com/depressio...80427050889222

**entropy91** · 11-21-2021, 07:01 PM

Originally Posted by Parkerscott

I goofed on rolling my Render into BAT. Luckily I didn't roll all of my GALA stuff early so got a lot of that pump. BAT chart looks primed, and sentiment seems to be pretty favorable aside from some people still not understanding why they should buy it.

Brave just released a new wallet the other day that works pretty well so far. Extremely easy migration and has a portfolio tracker and a dex swap feature like metamask. The wallet also has an integration with wyre to buy crypto with a credit card. In a new release soon it will be compatible with other chains as well as have an app store and nft portfolio. Uses less resources than metamask too and is safer. I can see it becoming a pretty popular wallet option.

Theres a lot of other stuff they are working on but I don't know what the timeline is like. All I know is that they are definitely growing at an extremely rapid pace and I see users all over the place that highly recommend the browser. They are at 42.1m users which makes it the third largest crypto company by userbase, but the big question is when is retail going to understand the importance of the amount of users or the major advertisers buying ad space?

Overall its been a safe place to park my money with an insanely high R/R value but retail hasn't yet caught on. The amount of BAT held on exchanges is also at a record low and literally everything is trending up heavy except for the price so its been a pretty annoying hold but I just keep buying more lol.

They've really made me remember what a browser actually is. It's a tool to interface with a network. I heard Eich on Friedman and one of the things that caught my attention was he wanted to build a way to stop users being cutoff from social media. So the browser in essence would hold your identity that you could use to interface with other social networks and the same people you were on the network you were banned from. Add to that having ENS support natively built in and other innovative features and I don't see how they don't emerge on top.

Eich is also based and makes lefties froth which is usually a good sign to invest.

**Parkerscott** · 11-21-2021, 08:25 PM

Originally Posted by entropy91

They've really made me remember what a browser actually is. It's a tool to interface with a network. I heard Eich on Friedman and one of the things that caught my attention was he wanted to build a way to stop users being cutoff from social media. So the browser in essence would hold your identity that you could use to interface with other social networks and the same people you were on the network you were banned from. Add to that having ENS support natively built in and other innovative features and I don't see how they don't emerge on top.

Eich is also based and makes lefties froth which is usually a good sign to invest.

The way I have always seen it is that brave is what I would consider the crypto user layer. A lot of people see that brave has nearly 50m users and they think "thats not really that big of a deal, chrome has billions" and they instantly write it off without considering perspective. What they don't consider is the total addressable market available, the scale, the products available, or how its used or what it compares to. Web browsers are not sexy but almost everyone uses them everyday for extreme lengths of time. Of the 300m twitter users, the average time spent on the site daily is 30 minutes. Of the nearly 3B ******** users the average time spent on the site daily is 1 hour. For web browsers I think the number of users come out to like 4B+, and usage time comes out to like 5-6 hours per day.

It's a no-brainer but apparently the market doesn't agree yet. There are going to be millions of people that are not exposed to crypto currently who are going to be using brave and using crypto without actually knowing it. I hear so many people are using brave and loving it and recommending it yet braves marketing is almost non-existent and they still continue to grow at the rate that they are in a short amount of time. Products and services like this don't come around very often and I don't think theres a single crypto product out there that can bring the same type of global reach.

**Evantus** · 11-21-2021, 08:29 PM

CRO brahs we mooning

**WHYCANTILIFT** · 11-21-2021, 09:00 PM

Anyone buying jrny's NFT tomorrow? Looks like starting price is 3 ETH, dutch auction

**kusok** · 11-21-2021, 09:05 PM

The slaying has began.

**entropy91** · 11-21-2021, 09:33 PM

Originally Posted by Parkerscott

The way I have always seen it is that brave is what I would consider the crypto user layer. A lot of people see that brave has nearly 50m users and they think "thats not really that big of a deal, chrome has billions" and they instantly write it off without considering perspective. What they don't consider is the total addressable market available, the scale, the products available, or how its used or what it compares to. Web browsers are not sexy but almost everyone uses them everyday for extreme lengths of time. Of the 300m twitter users, the average time spent on the site daily is 30 minutes. Of the nearly 3B ******** users the average time spent on the site daily is 1 hour. For web browsers I think the number of users come out to like 4B+, and usage time comes out to like 5-6 hours per day.

It's a no-brainer but apparently the market doesn't agree yet. There are going to be millions of people that are not exposed to crypto currently who are going to be using brave and using crypto without actually knowing it. I hear so many people are using brave and loving it and recommending it yet braves marketing is almost non-existent and they still continue to grow at the rate that they are in a short amount of time. Products and services like this don't come around very often and I don't think theres a single crypto product out there that can bring the same type of global reach.

Agreed 100%. Low IQs don't buy tokens that haven't been pumped or shilled. This is an accumulate and comfy hodl. In Brendan we trust.

**entropy91** · 11-21-2021, 09:34 PM

Originally Posted by WHYCANTILIFT

Anyone buying jrny's NFT tomorrow? Looks like starting price is 3 ETH, dutch auction

Doesn't seem like a good play. All NFTs dropping like rocks. A lot of room to go down with a starting price of 3 ETH.

**Parkerscott** · 11-21-2021, 09:55 PM

Originally Posted by entropy91

Agreed 100%. Low IQs don't buy tokens that haven't been pumped or shilled. This is an accumulate and comfy hodl. In Brendan we trust.

Its amazing how often people only jump into a coin after the chart has made a massive hockeystick. That is the moment im looking to offload, not buy. The name of the game is literally buy low and sell high lol. Just waiting for that BAT hockeystick so I can scale out and start setting bids for 2023. That fire sale is going to be juicy with some dry powder.

**WHYCANTILIFT** · 11-21-2021, 10:12 PM

Originally Posted by entropy91

Doesn't seem like a good play. All NFTs dropping like rocks. A lot of room to go down with a starting price of 3 ETH.

you dont think this one has potential to become a blue chip NFT? those are still holding value. plus you get 2 more for free with this one down the road.

**entropy91** · 11-21-2021, 10:38 PM

Originally Posted by WHYCANTILIFT

you dont think this one has potential to become a blue chip NFT? those are still holding value. plus you get 2 more for free with this one down the road.

I would never buy an NFT in a bear / correcting market from a twitter influencer for 15k. If it was an actual famous artist then I would consider it.

But that's just me.

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