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7 hours ago, NightmareOnElmStreet said:

Bought up some mores lately. Still waiting on coinbase responses 3 weeks later. Tf is wrong with these people. One would think they’d have better turn around time on complaint responses. It’s not like they’re working out of basements over there. Jesus h christ.

 

 

There were certain coins I couldn't buy because I lived in NYC, been trying for almost a year to have them update my address after I moved so I'd have access. I just gave up.

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4 hours ago, Mercer said:

 

 

There were certain coins I couldn't buy because I lived in NYC, been trying for almost a year to have them update my address after I moved so I'd have access. I just gave up.

Great.....In other words. Take the L and move all coin to exodus and buy from/withdraw anywhere else but coinbase??

 

CD5A5384-5729-45E3-AC68-287B25C8114F.gif.5e7185dfcf9bd07e98feaa34e6a9e843.gif

 

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I can hear that gif 

 

I think all of these fuckin exchanges have non existent customer service. Seems like all of em just leave people hanging out there. I’ve been using Gemini for a bit and it’s aight for what I need. I’ve emailed Gemini a couple times and have actually gotten responses. I have a couple homies who only use Bittrex as their exchange and it looks good. A lot of info needed to sign up though...

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On 1/12/2019 at 9:31 PM, Mercer said:

1516839470_ScreenShot2019-01-12at11_25_57PM.png.50c602e40bf3c4e7bea65c4c81fc875e.png

 

 

 

 

@whereStill open and it's within $10 of the current price, no idea if it's going to be filled next week or not but I'm in no rush.

 

 

I've steady bought ETH since 2017 up until 9 months ago. Paid well under $200 on average. Champagne taste, noticed I only had kool aid money, so a nigga sacrificed to the gods every month. Withdraw from the bank to the exchanges like clockwork. Got humble AF, dropped the Range Rover, dropped the East Village rent, no more fly kicks, eventually able to drop double a range rover payment a month as show of faith, and devotion to the gods. Then I just kept buying the dips with whatever I had deposited on the exchanges every dip and never sold.

 

Wife legit hated me for a minute, I (we) reviewed every purchase we made with accounting software to save even more. Both worked our asses off, both relatively successful as well, but we lived lived broke as fuck and still enjoyed it, because we're both came from the gutters basically. I live in the suburbs of Denver now, and don't even own a car till this day (Who does that) I just got my work truck I get to bring home and decided to take to the mountains on the weekends. I'm wearing discount tactical cold weather pants I bought on Amazon for $30, a T-shirt I bought for $9 off the REI clearance sale rack in Soho years ago. Humble IRL, but I'm sort of a big deal on the blockchain, and I got props on 12oz so at least I've got my priorities in line and retirement some day looks like a possibility.

 

 

1 hour ago, mr.yuck said:

Ugh. Why didnt I sink a crap ton into eth when @Mercerwas braggin on this shit at $300?

 

It always looks too late to get in, but like clockwork every halvening the market slowly starts creeping up, each halvening is an exponential increase over the last. A sort of repeating fractal pattern of exponential growth. Getting in now is still getting in early in the game, and early to this bull run by my calculations.

 

New bitcoin is earned by "bitcoin mining" as a fee for processing transactions. The original "block reward" was 50 bitcoin per block, and a new block is created every 10 minutes. This means every 10 minutes someone, somewhere on earth earned a fresh new 50 bitcoin mining online, usually they sell those newly minted bitcoin to buy more bitcoin mining hardware/electricity and profit. 

 

Roughly every 4 years is a "halvening" meaning that the block reward for bitcoin is reduced by half. That means there's a supply shock, and instead of 50 new bitcoins every 10 minutes, there's only 25 new bitcoin minted every 10 minutes, then 4 years later only 12.5 bitcoin every 10 minutes. The amount rewarded is cut in half until only 21 million bitcoin have been minted then then new bitcoin stops being minted and miners only get transaction fee's.

 

This halvening doesn't cause the price to immediately double when it goes down, it causes the price to slowly climb for over a year into a giant bull market spike. We are half way into the 3rd bull market created, by the third halvening in May last year.

 

First halvening:

November 11th 2012

1 year later Bitcoin spikes to $1200 then crashes for 3 years

 

Second halvening:

July 9th 2016

16 months later Bitcoin spikes to $20,000 then crashes for 3 years

 

Third halvening

May 11th 2020

We're only 9 months into this Bull Market

 

 

NiggaImRich.thumb.jpg.1f7ce238bb547f82b26ab206fe17943c.jpg

 

 

 

 

This gives you an Idea the time to get out is getting closer, but we've got at least 3 months of sharp gains ahead hopefully. I hold bitcoin because it's king, but hold ETH harder because it's more useful and actually moves more wealth over it's blockchain than Bitcoins does, and also has scaling solutions in the works so I think it's going to catch up to Bitcoins dominances somewhat as they both grow in adoption.

 

Programable digital money, and assets is the future. Diamond handing these trendy pump and dumps, meme stocks/coins is cool and all if you like jumpin on a trend late, then  loosing money unless you're extremely lucky. I recommend trying out steady purchasing, hodling so tight, for so long they turn into digital diamonds (ETH 2.0) in the future. These boomer investors might think all crypto is gambling, but with that said they're not complete idiots and do know a thing or two about investing so listen. You invest in fundamentals, you invest in under rated value, then sit back confident in your decision, looking to the future years away confident, dick hard, wonk saggin to the floor, and if you don't nut early, and  just let time do it's thing you're good.

 

 

richniggashit.png.678eb5451868b319bf37df91914ea918.png

 

 

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5 hours ago, mr.yuck said:

@Mercerive been looking for this explanation all my life.

 

image.png.475e8c083effb209050d0afabb81130b.png 

 

5 hours ago, mr.yuck said:

Do you ride your eth wave to the top and cash out your position to rebuy in the crash or are you just diamond knuckling it into the future?

 

Haven't decided yet, still floored I called this years ago and acted on it. Most likely going to cash out just enough for some home improvements. End goal is staking most of my ETH either this spring, or after I play trade on some of the bear market bounces when/if it crashes sometime between this summer and the end of the year. I'll probably only withdraw/spend the interest I earn from staking that point on. Maybe like once a month deposit the interest onto exchanges, cash out on them peaks, and withdraw/spend it as steady additional passive income on the side. I don't want to miss out on any future gains in the future years from now.

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Cardano is pumping hard now too. It was less than 2 and a half cents per ADA earlier last year, yesterday ADA made 0.666 cents. That's like getting $26.50 back on every $1 invested if you timed it right 11 months ago.

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6 hours ago, Mercer said:

Cardano is pumping hard now too. It was less than 2 and a half cents per ADA earlier last year, yesterday ADA made 0.666 cents. That's like getting $26.50 back on every $1 invested if you timed it right 11 months ago.


I got in a similar situation with stocks/Plug Power. I bought a few shares at $3-4 a pop, they peaked at about $73/share a week or 2 ago. I could have made some decent money if i had the funds to invest back when.
 

Coulda, woulda. 

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I used to be a somewhat of a shitcoin trader in 2017, first by selling IOTA at the top taking it all back out, half as spending money, half as reinvestment funds for the EOS ICO. Then sold EOS at the top when EOS was still just an ETH token. Made twice as much on that, took out a little less profit than before, and rolled 100% of my shitcoin funds into Cardano/ADA right before Bitcoin dropped and took the market with it. Looking back at the time I thought I was a genius, but now realize it's tough not to make profits in a bull market. 

 

Ended up holding on to those ADA bags all these years after the party was over, took a huge loss, 3 years watching something that at one point sold for a dollar, that I averaged into at 25 cents a pop selling for 2.5 cents. Had so much of it by 2018, and it was still semi illegal for US exchanges so I didn't have the option to dump. (I never trusted anything more than $2000 at a time on Bitfinex/Binance. Still made a net profit on the shitcoin trade overall whan it was all said and done, but it's still demoralizing to watch your bags loose almost 10x in value.

 

Cool thing is that almost 4 years later I still got them bags, and a nice 3 to 4x profit on them today. I still believe in the tech, and approach they've taken developing it.  Probably going to hold another few years. Also, with the ability to stake my ADA I've got a reliable way to increase the amount of it I hold, that doesn't involve trying to time a shitcoin market, buying the dips, selling the tops. Small market cap coins are just too unpredictable to not have to rely on luck, and the idea of buying in low, not waiting for a trend to start before you scoop is even more important. This is why I think BCH is the move now, super slept on.

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@MercerI’ve taken a lot of your advice seriously and I thank ye for that. I’m trying to balance the wise words you spoke on what’s the point of making it if you don’t use it. Currently I’ve spent a little on things that have the option to pay in btc through what I’m holding on coinbase and I have the majority on exodus on my homemade situation. My question is this, if it’s sketchy to keep more than 2k on things like coin base where do you reckon is best for having and spending and where in the fuck are the cheapest places to transfer to usd? I still have no response on the charges coinbase hit me with for taking out a few bucks eth and btc to my personal bank acct. Right now I want to take a substantial amount out that I could really benefit from while also keeping enough on my Trezor. 

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44 minutes ago, NightmareOnElmStreet said:

@MercerI’ve taken a lot of your advice seriously and I thank ye for that. I’m trying to balance the wise words you spoke on what’s the point of making it if you don’t use it. Currently I’ve spent a little on things that have the option to pay in btc through what I’m holding on coinbase and I have the majority on exodus on my homemade situation. My question is this, if it’s sketchy to keep more than 2k on things like coin base where do you reckon is best for having and spending and where in the fuck are the cheapest places to transfer to usd? I still have no response on the charges coinbase hit me with for taking out a few bucks eth and btc to my personal bank acct. Right now I want to take a substantial amount out that I could really benefit from while also keeping enough on my Trezor. 


 

Sounds good, I’d just consider what it is you’re using the money for, and if you’ll look back and regret. I’m in the same boat almost, dropping loot on house upgrades. It’s not that I don’t think spending some of the money you make during the bowl cycle is a bad idea, obviously that’s the point to actually investing. I’m just suggesting thinking about this in terms of 4 years, and where you want to see your self by the next presidential election. It’s almost guaranteed at that point we will either enter another bull market, or have a financial crisis where USD is in hyper inflation. It hasn’t gone up to the point where I think it’s a bad idea to invest in the short term yet. But we’re approaching the point where you may need to keep your eye on things because what goes up, must calm down (somewhat). My prediction is after the next crash 50k bottom for Bitcoin.

 

That’s not to say it might be 100K or more bottom after this bubble bursts. It’s hard to tell since this level of inflation is unprecedented in US history. No lie, once this new stimulus package is put into affect, the federal reserve will have increased the total money supply by 40% in a single year. That’s second, and third world type shit. Right now all that inflation is focused on keeping stock, and other investment assets artificially high (socialism for the rich) so we haven’t felt it’s full effect yet on the consumer level with massive price spikes. Point is, don’t put yourself in a situation where you’re going to have regrets, A lot of us are going to be going into 2022, 2023 in very bad situations financially, and others will be profiting.

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