How to get into Cryptocurrency

[Guest]

 

I am wondering on other hand when Ripple or BAT is going to break out? Is it possible to inherit these accounts to your kids or grandkids? Because I dont thin it will happen in my life time.

 

 

Sell them and go to a casino, this stuff is not for you.

 

 

 

 

 

https://pbg-assets.s3.amazonaws.com/editorial/pbo/201708/20170817-pbo-monthly.pdf

 

good post about OMG. A dude who predicted Eth to be $360 when it was $10 is saying it will be worth $700 (now $7.50).

 

I love OMG long term and think this could be one of the big winners in the years to come.

 

 

 

 

Has anyone looked into BITQUENCE (BQX) ? This would be a universal wallet. This from their white paper.

 

"Problem The Bitquence platform is designed to tackle specific problems in the world of cryptocurrency: - Choosing between an ever-growing array of crypto currencies - Understanding risk and quality across multiple coins and assets - one-click diversification into multiple crypto assets - A safe and secure mobile wallet that handles multiple keys - Being able to easily transfer value across digital assets.

 

The $4 Trillion Financial Services Industry The S&P 500 in the United States is worth $20 trillion. 20% of the S&P 500 is made up of financial services companies or $4 Trillion. For the cryptocurrency industry to go mainstream, it will have to ultimately become more user friendly and enable a safe and secure way to invest in cryptocurrencies and alt coins."

 

This is one of my biggest problems with trying to get people into the crypto world. They see my gains and want in really bad. Then they fade really fast when I'm jumping from Coinbase to Bittrex to Bitfinex and lose interest. Easy platforms have to be the future for crypto to go IMO. Below is a screenshot of the Bitquence wallet vs other mainstream wallets.

 

 

[MMATycoon]

Well here you go Uniborn, Ripple pretty much did their own pump and dump to try and push it the right way out of that falling wedge. BAT will be released on Brave mid September, so that's when BAT will take off. If you want to day trade before that, be my guest but I don't fancy your chances of making a profit

 

[Guest]

Well here you go Uniborn, Ripple pretty much did their own pump and dump to try and push it the right way out of that falling wedge. BAT will be released on Brave mid September, so that's when BAT will take off. If you want to day trade before that, be my guest but I don't fancy your chances of making a profit

 

 

 

 

You think sell Ripple and buy BAT now?

[AdamHolland]

.

[Guest]

This is what I did buy them at.

 

Limit Buy 0.00005590 328.89430814 328.89430814 0.00005589 -0.01843115

[AdamHolland]

.

[SeanJuan]

I'm going to keep this fairly short but if any of you have any questions feel free to ask. I'm going to assume you know what crypto currency is. If you don't, read the wikipedia page.

 

It's up to you guys to assess whether you want to get into this but I personally have put roughly 1/3 of my savings into crypto after doing a lot of research. This will be a quick guide how to do it, if you are interested. I wouldn't tell people how to do it unless I thought it was going to work for you but as I say, it's your own risk and I really don't expect anyone to be putting in as much as I have

 

There are major cryptos (basically Bitcoin and Ethereum) which are a lot more stable and over time will likely give a nice steady profit. Then there are alt-coins, which are more unstable but ultimately can produce much higher returns if you pick the right one. However, lots of these alt-coins will fizzle to nothing, so you have to be careful.

 

You can find a list of all cryptocurrencies and their "Market Cap" (basically their total value), here.

 

I personally am about 95% in BAT (Basic Attention Token), with the rest in NEO. Both are alt-coins.

I wrote a blog about why I am all in on BAT, here. There's no point re-writing all of it here... you can check it out on steemit if you like (Steemit is a site where you get paid in crypto to blog).

Essentially BAT is a new model for online advertising, created by the guy who invented Javascript and Mozilla Firefox. I genuinely think it's a complete game changer and I think the returns from the current price will be enormous.

 

NEO is talked about like it's the "Chinese Ethereum". It's a platform to run applications on, much like Ethereum. It's a more saturated market in that I think there will be a lot of coins like this (Tezos and EOS are two other big ones), but I've got some anyway because people are giddy on it and it probably will have significant gains.

 

If you want to get BAT/NEO yourself, you can check out the post below on how to invest in alt-coins. Basically you buy in on Coinbase, then transfer that money to Bittrex and buy BAT on there. (Use that link to coinbase and you'll get $10 free Bitcoin if you buy more than $100 worth).

 

Check out this post I made regarding how to actually buy on Coinbase, transfer it over and convert it into an alt-coin.

 

Just for reference.

BAT current price is $0.17

NEO current price is $16.39

 

Don't compare coins based on the price of one coin as they all have hugely different numbers of coins in circulation. Look at their total market cap. My projected price for one BAT is $19 within 5 years. It will be over $0.40 by the end of the year, possibly even within a couple of weeks. NEO I don't know - it could be $500-1000 or so in 5 years, or it could get out-done by other, similar coins. The thing I like about BAT is that they've pretty much cornered the market for what they're trying to do and they have an extremely experienced team.

 

Anyway, BAT is about to release a major update so the price is likely to increase significantly very soon. If you want to get in, you want to do it within a couple of days max. NEO is releasing an update today too. There are plenty of other projects if you miss the boat on these but they're my two (Bancor [bNT] is too cheap as one example, but that's a long term hold).

 

 

If you don't want to actually pay money to get into crypto, you can earn crypto... As mentioned above, there is Steemit where you can get paid to blog.

That's effort though... So, it's BAT again as the best option

 

When it's fully developed (next year) BAT will pay you to view adverts. 15% of whatever the advertiser pays to display an ad goes to the person who views the ad. This will be done in their new browser Brave. As mentioned before, this is from the guy who invented Firefox; it's a really good browser. It auto-blocks all ads and tracking software and auto-upgrades http to https for added security. It's quick. It kicks ass. Check it out. I'm using Brave already because it's a better browser.

 

It also has a micro-donations system where you can donate to the sites you use. In the next week or so they're releasing an update where all users get a bit of free BAT to play with, that they can donate to sites they like. It's a nice foot in the door to understand how it all works.

 

 

Anyway, I'm not an expert on every crypto but if you have any questions, feel free to ask.

 

So last Wednesday I bought some BTC (hopefully you got your $10 bump Mike). Finally cleared today (what a painful wait). I went to transfer to Bittrex about 2 hours ago, and it is still just saying "pending". How long does it normally take?

[AdamHolland]

.

[SeanJuan]

Yeah so that is a crazy amount of time to have to wait for it to clear! but you are in the system now so you just need to get to the exchange, problem is right now as of the last few days transactions are taking a long time and are set to take even longer for small amounts due to the hard fork situation and the miners jumping back and forth from BTC to BCH(BCC) causing a mem pool issue, tl;dr I sent 0.1 BTC from coinbase to bittrex last night and it took 45mins at least, maybe longer. Once it's on the exchange you are fine, but some crazy things are going on with the prices of stuff atm so just dont rush into anything. Get on Conigy or some other trade tool and watch the charts and plot them out and just play with it a bit before you lay any money into anything, at least till after tomorrow when the drama with segwit hopefully calms down.

 

Also do not panic if it dosnt show up in your Bittrex pending payments thing, the network is going so slow that it prob wont until after 6/6 connections anyway. Click on coinbase were it says pending to open a link to the actual transaction and you can track how many confirmation you have that way.

Thanks Adam. I know you had said that with the miners switching, I was just getting twitchy, especially since the link to the actual transaction kept erroring out. It finally at least shows as a pending deposit on the bittrex side, so I feel a bit better.

 

Looking to go long on BAT and OMG - I don't have the mettle for day trading. Do you think I should still wait?

[Mentor]

What is the best place to open a wallet for Crypto currencies? I need something releatively easy to setup and reliable.

[AdamHolland]

.

[Mentor]

ok thanks!

[AdamHolland]

.

[Guest]

Shiiiiiiiiiiiiiiit its happening!?

SELL IT OR WHAT?

[MMATycoon]

Shiiiiiiiiiiiiiiit its happening!?

 

SELL IT OR WHAT?

you decide

[MMATycoon]

Thanks Adam. I know you had said that with the miners switching, I was just getting twitchy, especially since the link to the actual transaction kept erroring out. It finally at least shows as a pending deposit on the bittrex side, so I feel a bit better.

 

Looking to go long on BAT and OMG - I don't have the mettle for day trading. Do you think I should still wait?

 

BAT goes live on Brave in mid September. Once that happens I personally don't see any turning back. Website owners, particularly in crypto, will be getting free BAT by doing absolutely nothing. I'm not sure if it's straight away but there's basically 300,000,000 BAT being given to users to play with (user growth pool) and they get to just give that to website owners. Those website owners keep that BAT and that's gunna give them all little BAT boners to the point they'll start telling people all about it / blogging about it etc. We've still got some dumb ICO whale money* to shake out but that will be diluted by the massive increase in overall useage for the token.

 

*ICO is like the initial stock offering. I was wrong before when I said people paid 20c at that stage, apparently it was 3c for those bastards. Basically the BAT ICO was a shambles. A few people (whales with loads of money), bought up the whole lot in 30 minutes. Those people are selling off their BAT in big chunks whenever the price spikes. That's what has kept the price artificially low for so long. When we shake out that money then buyers will start to out-number sellers and the price will steadily go up.

 

The main reason the price will go up though, is that there are millions and millions of websites and small amounts of BAT will get spread across all those websites through the micro-donations. That's going to reduce total circulating supply massively. It's the equivalent of if there was only $300,000,000 in the US let's say, so everyone had one dollar, and they were never going to print any more money (quantitative easing). If everyone lost 10 cents down the back of the sofa, that would mean there was only 90% of the money in circulation, which instantly makes it worth ~10% more. Over time, so much BAT will get lost down the back of the sofa, being donated to websites and never claimed back, or sat in a BAT wallet with 10-20 BAT ($2-4), that the price inevitably has to go up.

 

This is an actual money token... It has value. A lot of tokens, e.g. EOS or XRP have absolutely no direct value. They are basically like giving money to a company you like, then if more people than you like that company, the price goes up. It's kinda like a tipping system because XRP isn't used for anything at all. EOS apparently won't be used for anything at all. I'm not totally sure if Eth is actually used for anything either. By that I mean, obviously they have the perceived market value, like Bitcoin does, but you can use BTC instead of ETH. You won't be able to use anything instead of BAT on Brave, so it's a closed economy.

 

A similar one coming up is KIN, which will be Kik messenger's token but perhaps will be used on other stuff too. I don't think it's anything like as good as BAT but I might have a little dabble.

[TheRedDude]

BAT goes live on Brave in mid September. Once that happens I personally don't see any turning back. Website owners, particularly in crypto, will be getting free BAT by doing absolutely nothing. I'm not sure if it's straight away but there's basically 300,000 BAT being given to users to play with (user growth pool) and they get to just give that to website owners. Those website owners keep that BAT and that's gunna give them all little BAT boners to the point they'll start telling people all about it / blogging about it etc. We've still got some dumb ICO whale money* to shake out but that will be diluted by the massive increase in overall useage for the token.

 

*ICO is like the initial stock offering. I was wrong before when I said people paid 20c at that stage, apparently it was 3c for those bastards. Basically the BAT ICO was a shambles. A few people (whales with loads of money), bought up the whole lot in 30 minutes. Those people are selling off their BAT in big chunks whenever the price spikes. That's what has kept the price artificially low for so long. When we shake out that money then buyers will start to out-number sellers and the price will steadily go up.

 

The main reason the price will go up though, is that there are millions and millions of websites and small amounts of BAT will get spread across all those websites through the micro-donations. That's going to reduce total circulating supply massively. It's the equivalent of if there was only $300,000,000 in the US let's say, so everyone had one dollar, and they were never going to print any more money (quantitative easing). If everyone lost 10 cents down the back of the sofa, that would mean there was only 90% of the money in circulation, which instantly makes it worth ~10% more. Over time, so much BAT will get lost down the back of the sofa, being donated to websites and never claimed back, or sat in a BAT wallet with 10-20 BAT ($2-4), that the price inevitably has to go up.

 

This is an actual money token... It has value. A lot of tokens, e.g. EOS or XRP have absolutely no direct value. They are basically like giving money to a company you like, then if more people than you like that company, the price goes up. It's kinda like a tipping system because XRP isn't used for anything at all. EOS apparently won't be used for anything at all. I'm not totally sure if Eth is actually used for anything either. By that I mean, obviously they have the perceived market value, like Bitcoin does, but you can use BTC instead of ETH. You won't be able to use anything instead of BAT on Brave, so it's a closed economy.

 

A similar one coming up is KIN, which will be Kik messenger's token but perhaps will be used on other stuff too. I don't think it's anything like as good as BAT but I might have a little dabble.

Someone upvote Mike please, i hit downvote sigh....

[MMATycoon]

*N.B. I put 300k initially.... I meant 300 mil. That's $60million worth of BAT being given away to website owners, to get them buzzing about the concept. It's basically an organic advertising campaign, so you'll suddenly start seeing lots of blogs talking about BAT and Brave with no real mention of why.... WHY is because they want people browsing their website in Brave, so they can get their free BAT from the user growth pool, for however long it lasts

[Mentor]

 

BAT goes live on Brave in mid September. Once that happens I personally don't see any turning back. Website owners, particularly in crypto, will be getting free BAT by doing absolutely nothing. I'm not sure if it's straight away but there's basically 300,000,000 BAT being given to users to play with (user growth pool) and they get to just give that to website owners. Those website owners keep that BAT and that's gunna give them all little BAT boners to the point they'll start telling people all about it / blogging about it etc. We've still got some dumb ICO whale money* to shake out but that will be diluted by the massive increase in overall useage for the token.

 

*ICO is like the initial stock offering. I was wrong before when I said people paid 20c at that stage, apparently it was 3c for those bastards. Basically the BAT ICO was a shambles. A few people (whales with loads of money), bought up the whole lot in 30 minutes. Those people are selling off their BAT in big chunks whenever the price spikes. That's what has kept the price artificially low for so long. When we shake out that money then buyers will start to out-number sellers and the price will steadily go up.

 

The main reason the price will go up though, is that there are millions and millions of websites and small amounts of BAT will get spread across all those websites through the micro-donations. That's going to reduce total circulating supply massively. It's the equivalent of if there was only $300,000,000 in the US let's say, so everyone had one dollar, and they were never going to print any more money (quantitative easing). If everyone lost 10 cents down the back of the sofa, that would mean there was only 90% of the money in circulation, which instantly makes it worth ~10% more. Over time, so much BAT will get lost down the back of the sofa, being donated to websites and never claimed back, or sat in a BAT wallet with 10-20 BAT ($2-4), that the price inevitably has to go up.

 

This is an actual money token... It has value. A lot of tokens, e.g. EOS or XRP have absolutely no direct value. They are basically like giving money to a company you like, then if more people than you like that company, the price goes up. It's kinda like a tipping system because XRP isn't used for anything at all. EOS apparently won't be used for anything at all. I'm not totally sure if Eth is actually used for anything either. By that I mean, obviously they have the perceived market value, like Bitcoin does, but you can use BTC instead of ETH. You won't be able to use anything instead of BAT on Brave, so it's a closed economy.

 

A similar one coming up is KIN, which will be Kik messenger's token but perhaps will be used on other stuff too. I don't think it's anything like as good as BAT but I might have a little dabble.

 

Giving away the currency to site owners who promote their currency sounds like a very good idea.

[Guest]

Seems like Ripple has increased a little. Maybe that SP guy aint as dumb as we where thinking?

 

But whats the next step? Sell it or hold it?

[Guest]

Seems like Ripple has increased a little. Maybe that SP guy aint as dumb as we where thinking?

 

But whats the next step? Sell it or hold it?

[AdamHolland]

.

[Guest]

I have no idea why you are still holding it, I gave you the alert to get out at a minor profit, you honestly don't seem suited to this mate so it's legitimately the best advice I can give you to exit, or at least be vigilant and aware of the price so that you can exit before you go into negative again if you decide to stay in, if you were staying in then honestly ripple still isn't the place to long term hoddle if you ask me, OMG is the place to put that money down, BAT and just straight BTC, ETH or that good old Charlie Lee LTC.

Sold.

 

Actually SP made me 45$ not bad sorry for what I said you know nothing personal just buisness.

 

Now buy BAT with all?

[AdamHolland]

.

[Guest]

Yeah lets wait few days at see what happens.