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» More General Categories » Education/Career/Finance » MISC Crypto Crew (MCC) Vol: XIV: Scaling troubles and NFT bubbles
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post 1635201043 04-01-2021, 05:49 PM
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  1. Gringo12
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MISC Crypto Crew (MCC) Vol: XIV: Scaling troubles and NFT bubbles

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

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

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

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

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

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

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

Vol. 7:https://forum.obnoxiousbrutes.com/showt...hp?t=175210891

Vol. 8:https://forum.obnoxiousbrutes.com/showt...hp?t=175247631

Vol. 9:https://forum.obnoxiousbrutes.com/showt...hp?t=175280731

Vol. 10:https://forum.obnoxiousbrutes.com/showt...hp?t=175346071

Vol. 11:https://forum.obnoxiousbrutes.com/showt...hp?t=175662991

Vol. 12:https://forum.obnoxiousbrutes.com/showt...hp?t=176392981

Vol. 13:https://forum.obnoxiousbrutes.com/showt...hp?t=178838731









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


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.
Fck u james
post 1635201283 04-01-2021, 05:52 PM
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#2
  1. Gringo12
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Spot sold to



Fck u james
post 1635201323 04-01-2021, 05:52 PM
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#3
  1. BRANDERSS
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Spot for sale accepting ANKR, Reef, and omi
Paypal me your tributes *******.
post 1635202133 04-01-2021, 06:03 PM
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post 1635202243 04-01-2021, 06:04 PM
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Tip for noobs: buy relatively undervalued stuff by traditional valuation metrics that have established pmf

Compound, uni, maker, sushi, terra, ftx
post 1635205043 04-01-2021, 06:38 PM
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#6
  1. jamalfudge
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  1. jamalfudge
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The best part of this thread is you don't need to sub to it. If it's slow, not worth checking in. If it's hopping, you're just getting shilled chitcoins anyway. In, I guess.
#
post 1635205193 04-01-2021, 06:39 PM
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#7
  1. JuicedMayhem
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Discounts on OMI and BEPRO right now, get it while it’s red
post 1635206683 04-01-2021, 06:58 PM
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#8
  1. jBrahh
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In for spot #9.
post 1635207033 04-01-2021, 07:03 PM
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#9
  1. SUCIO
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In spot pending sale to...Dfinity , DAG
post 1635207123 04-01-2021, 07:04 PM
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#10
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This post is sponsored by IOTA.
post 1635208453 04-01-2021, 07:18 PM
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#11
  1. FOSteven
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Spot sold to: Musk, Elon

Time: 20:18 CST
"So live your life that the fear of death can never enter your heart. Trouble no one about their religion; respect others in their view, and demand that they respect yours. Love your life, perfect your life, beautify all things in your life. Seek to make your life long and its purpose in the service of your people. . . . Always give a word or a sign of salute when meeting or passing a friend, even a stranger, when in a lonely place." -Tecumseh
post 1635208793 04-01-2021, 07:22 PM
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#12
  1. bangwhosnext
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In...
"Before you diagnose yourself with depression or low self-esteem, first make sure that you are not, in fact, just surrounded by @ssholes."

Animals >>> humans crew
post 1635209233 04-01-2021, 07:27 PM
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#13
  1. mgftp
  1. mgftp
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Here for moon mission

Edit:


Signup for Binance with my link and get 5% back on all trading fees: https://www.binance.com/en/register?ref=ZWJRG5SY

Ref link for the best exchange for US Brahs, Kucoin: https://www.kucoin.com/ucenter/signup?rcode=rJP2TAV
post 1635210513 04-01-2021, 07:42 PM
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#14
  1. ProteinEnough
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We made it.

post 1635211203 04-01-2021, 07:50 PM
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#15
  1. johnnyboi123
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XRP will get the last laugh. That's all.
post 1635211413 04-01-2021, 07:51 PM
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#16
  1. jamalfudge
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Originally Posted By johnnyboi123
XRP will get the last laugh. That's all.
It will get A laugh, not the last one. I have a small stack for full disclosure.
#
post 1635211713 04-01-2021, 07:55 PM
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#17
  1. conner50
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First page

NEO, XLM, LINK, GAS, ICX pls respond........
SNSD Crew
Korea Krew
NEO crew
post 1635212383 04-01-2021, 08:06 PM
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#18
  1. smegmasniffer
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I am all in with VIACOIN, BEPRO, SYLO, SHA, BOLT

let's see where it goes to from here
post 1635213693 04-01-2021, 08:23 PM
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#19
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IN.




Last time I'll shill it here for you *******s. I go around learning all the degen stuff so you can make profits and get called out by you *******s as scamming people. I've been using Pionex and it's become my favorite exchange so far. Has the best selection of coins including things you can't get on Binance or in the US. Also has built in trade bots. I've been playing around with different coins and parameters and been getting consistent 1-3% returns daily. Thats $100-300/day passive of 10k investment which compounds over time.

post 1635214223 04-01-2021, 08:30 PM
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innnnnnnnn
post 1635215323 04-01-2021, 08:46 PM
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#21
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post 1635215363 04-01-2021, 08:46 PM
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#22
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As stable as stellar
post 1635216423 04-01-2021, 09:00 PM
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#23
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In on legendary bull run

This spot was sponsored by Bertcoin
post 1635217023 04-01-2021, 09:11 PM
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#24
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I'm a value, dividend growth, index fund boomercel, but I've sunk some money into $ETH. I guess I'm officially in on the party & am loving it so far. Only put like $8K and chit's already up 25%+
post 1635217883 04-01-2021, 09:20 PM
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#25
  1. RyanT7
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Let's see what the rest of 2021 brings for us brahs
I'll see you on Mount Olympus
post 1635220883 04-01-2021, 10:13 PM
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#26
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If I end up on the second page I'll be very disappointed.


Ethereum is going to go parabolic during the lifespan of this thread before we make a XV one.
-------------------------------------------------------------------------------------------------------------------------------------
Glow, glow, glow your boat
post 1635221453 04-01-2021, 10:24 PM
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#27
  1. chalup
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Originally Posted By imbeingcereal
I'm a value, dividend growth, index fund boomercel, but I've sunk some money into $ETH. I guess I'm officially in on the party & am loving it so far. Only put like $8K and chit's already up 25%+
ye im riding DOT and ETH to the moon for the next 5 years. Then coins like ANKR when they pop up
post 1635222043 04-01-2021, 10:34 PM
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#28
  1. FrankCostanza
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if you're not in mrph rn you're going to miss out!
I'm not here for rage. I'm here for revenge!
Anti Covid VAX Superhero
Mein power
Mein pleasure
Mein pain
Trump 2020
Trump 2024
post 1635222583 04-01-2021, 10:42 PM
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#29
  1. RyanT7
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lol so funny seeing the narrative shifts in the crypto scene from ETH dying to literally how it's going to pump to the moon afterwards

now ADA is seen as the stable coin when before it was hyped hard af. q3 will be when ADA shines the most, will come back and quote this.
I'll see you on Mount Olympus
post 1635222623 04-01-2021, 10:42 PM
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#30
  1. drLihp
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low market cap
worth looking into with more events opening up from lockdown

https://www.evedo.co/
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