A Big Critic Pulling His Head Out of.................the sand

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SilverDoge
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Re: A Big Critic Pulling His Head Out of.................the sand

Postby SilverDoge » Tue Jun 27, 2017

CaptainW wrote:
bigjohn wrote:Step 2 partially completed. Opened a Cryptopia account and made a couple of small purchases (won't tell what they were or you will all laugh at me). I found Cryptopia really user friendly and intuitive so far


Hmm...I think just the opposite. I like Bittrex better because it shows the prices in USD when going to make a trade. And for me it's more user friendly.

BTW, thanks for starting this thread. I finally came to the conclusion you did and in the early stages myself. There may be others interested so this thread will benefit all. Travis has been extremely gracious in helping me navigate this stuff despite my many stupid questions. :shh:
My current goal is to figure out how to buy ICO's. Despite my many hours of looking, there seems to be no info on what exchanges are compatible with other exchanges. I "think" you MUST have a MEW to transfer to some places like Metamask. Maybe someone here can answer that?


I have a MEW and you can transfer to many ICOs using that, the problem is that MEW gets clogged during highly popular ICOs. MetaMask is preferred because it is directly connected to the ETH network. I am going through the process of starting a MetaMask now - which is a google chrome app, not just a website. I hope to be established by this weekend.
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Re: A Big Critic Pulling His Head Out of.................the sand

Postby CaptainW » Tue Jun 27, 2017

SilverDoge wrote:
CaptainW wrote:
bigjohn wrote:Step 2 partially completed. Opened a Cryptopia account and made a couple of small purchases (won't tell what they were or you will all laugh at me). I found Cryptopia really user friendly and intuitive so far


Hmm...I think just the opposite. I like Bittrex better because it shows the prices in USD when going to make a trade. And for me it's more user friendly.

BTW, thanks for starting this thread. I finally came to the conclusion you did and in the early stages myself. There may be others interested so this thread will benefit all. Travis has been extremely gracious in helping me navigate this stuff despite my many stupid questions. :shh:
My current goal is to figure out how to buy ICO's. Despite my many hours of looking, there seems to be no info on what exchanges are compatible with other exchanges. I "think" you MUST have a MEW to transfer to some places like Metamask. Maybe someone here can answer that?


I have a MEW and you can transfer to many ICOs using that, the problem is that MEW gets clogged during highly popular ICOs. MetaMask is preferred because it is directly connected to the ETH network. I am going through the process of starting a MetaMask now - which is a google chrome app, not just a website. I hope to be established by this weekend.


Do you know yet if it's possible to transfer from one of the exchanges or Coinbase to MetaMask?

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SilverDoge
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Re: A Big Critic Pulling His Head Out of.................the sand

Postby SilverDoge » Tue Jun 27, 2017

CaptainW wrote:
Do you know yet if it's possible to transfer from one of the exchanges or Coinbase to MetaMask?


Don't know yet. Putting if off until this weekend.
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Re: A Big Critic Pulling His Head Out of.................the sand

Postby Zugzwang » Tue Jun 27, 2017

So which one of these many alt threads it the crypto 101 thread?
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If U.S. Dollars were miles, the U.S. national debt could be expressed in light years -- over 3 now, and counting...

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Re: A Big Critic Pulling His Head Out of.................the sand

Postby SilverDoge » Tue Jun 27, 2017

Zugzwang wrote:So which one of these many alt threads it the crypto 101 thread?


You've found it right here. Start on page 1.
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Re: A Big Critic Pulling His Head Out of.................the sand

Postby bigjohn » Tue Jun 27, 2017

CaptainW wrote:
bigjohn wrote:Step 2 partially completed. Opened a Cryptopia account and made a couple of small purchases (won't tell what they were or you will all laugh at me). I found Cryptopia really user friendly and intuitive so far


Hmm...I think just the opposite. I like Bittrex better because it shows the prices in USD when going to make a trade. And for me it's more user friendly.

BTW, thanks for starting this thread. I finally came to the conclusion you did and in the early stages myself. There may be others interested so this thread will benefit all. Travis has been extremely gracious in helping me navigate this stuff despite my many stupid questions. :shh:
My current goal is to figure out how to buy ICO's. Despite my many hours of looking, there seems to be no info on what exchanges are compatible with other exchanges. I "think" you MUST have a MEW to transfer to some places like Metamask. Maybe someone here can answer that?

Good point on Bittrex. I made the comment I did because I opened Cryptopia first. I played for a bit and went to Brittex last week, like it much better. As for ISOs, I am in the same boat. No idea what to do
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Re: A Big Critic Pulling His Head Out of.................the sand

Postby cityhallinsider » Tue Jun 27, 2017

"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well." Following the herd can be very dangerous. Just ask the many investors who staked their futures on technology stocks in 1999." -Warren Buffett

The same quote can be said of just about any other investment. The Dutch will long remember tulip mania. If investors don't know this tale, they'd be wise to do a google search on it. I hope I am wrong, but I do wonder if a bubble isn't forming with crypto currencies.

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Re: A Big Critic Pulling His Head Out of.................the sand

Postby Long John » Tue Jun 27, 2017

It is definitely a risk, like the stock market. Like Gold and silver too, though you could always use your silver bars as patio bricks if that market crashes :lol:

Seriously, it's not for the faint of heart, weak of stomach, or those just getting by. The possibility of a bubble is in the back of the minds of most of us, we hear and read it often enough. Certainly many of the CrapCoins that were issued solely to make money for the developers and early investors won't be around in 5 years. Even some coins wth earnest intentions. The internet didn't die after the dotcom bubble. Just a lot of websites that shouldn't have started up to begin with. Crypto currency is out of the toothpaste tube, there's no stuffing it back in. Individual coins will go away, but not the tech.

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Re: A Big Critic Pulling His Head Out of.................the sand

Postby SilverDoge » Tue Jul 04, 2017

A good video about crypto security:

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Re: A Big Critic Pulling His Head Out of.................the sand

Postby bigjohn » Sat Jul 22, 2017

Timing is everything and mine is usually off. I got in when bitcoin was just shy of $3K. Loaded up on alts.................to-date lost 75% of what I put in. We hear a lot of success stories but very little of the other side of happens in the real world. The good thing is that I only put in what I was okay with losing so having it happen is not a big deal, just paid for some education. I will sit on the sidelines for a bit, keep reading and learning about this giant casino we call the crypto market
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Re: A Big Critic Pulling His Head Out of.................the sand

Postby SilverDoge » Sat Jul 22, 2017

bigjohn wrote:Timing is everything and mine is usually off. I got in when bitcoin was just shy of $3K. Loaded up on alts.................to-date lost 75% of what I put in. We hear a lot of success stories but very little of the other side of happens in the real world. The good thing is that I only put in what I was okay with losing so having it happen is not a big deal, just paid for some education. I will sit on the sidelines for a bit, keep reading and learning about this giant casino we call the crypto market


I understand this can be disheartening. Everybody has had setbacks. My Dogecoin was lost in a hack back in 2013 and I lost all of it. That was frustrating but my own fault for keeping it in a hot wallet. Luckily I didn't lose more than $300 worth of Doge. People who bought bitcoin on that big spike years ago near $1,000 saw over an 80% loss in their bitcoin before it starting going back up again (over a year later).

What I will say is that if you speak with anyone who has been successful in the crypto world, almost all will say that you need to keep a long term view (similar to PMs), and don't sell on emotion (especially if you are down). You are learning in the best way, taking small entry steps, physically buying, selling, trading, exploring wallets, etc. Remember, anyone buying bitcoin in 2017 is still an extremely early adopter.
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Re: A Big Critic Pulling His Head Out of.................the sand

Postby Long John » Sat Jul 22, 2017

It's true you don't hear much about when people take a bath on a crypto investment. That's human nature, to not dwell on or advertise your missteps. I started a thread about bloops and blunders, but perhaps predictably nobody wanted to add their tales of woe to mine. So I killed it. But I'm not shy about admitting mistakes. Let's see now, lost my shorts on BAT, BNT, SNT, and some others along the way that I've forgotten about because they were minor. If I sold QRL right now that would be another loss, but the others I came to view as a mistake and I don't think that about QRL. The common theme to all of them is initial excitement about a new project... emotion.

I don't have the patience or the time left on this earth to wait for projects to mature in 5-10 years, or the money to throw a lot of spaghetti against the wall and hope some of it sticks. Most of the coins now on the market will be gone by then, many of these long-term projects with them. The ones that remain will rule the land, and those who hold them will be in clover.. on THOSE coins. But we will have lost our shorts on others. Thanks to fortuitous getting in and out of ETH ahead of major moves in that market, and small scalping of BTC here and there, I am doing OK. I'd be doing a lot better, if it weren't for many missteps. Some would say selling at a loss was a misstep. But I felt the value had a better chance at increasing in BTC or ETH or LTC than if it stayed where it was. So far, I was right, but I play on a shorter time scale; others are looking ahead many years. Nothing wrong with either view.

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Re: A Big Critic Pulling His Head Out of.................the sand

Postby silverbender » Sat Jul 22, 2017

Long John wrote:It's true you don't hear much about when people take a bath on a crypto investment. That's human nature, to not dwell on or advertise your missteps. I started a thread about bloops and blunders, but perhaps predictably nobody wanted to add their tales of woe to mine. So I killed it. But I'm not shy about admitting mistakes. Let's see now, lost my shorts on BAT, BNT, SNT, and some others along the way that I've forgotten about because they were minor. If I sold QRL right now that would be another loss, but the others I came to view as a mistake and I don't think that about QRL. The common theme to all of them is initial excitement about a new project... emotion.

I don't have the patience or the time left on this earth to wait for projects to mature in 5-10 years, or the money to throw a lot of spaghetti against the wall and hope some of it sticks. Most of the coins now on the market will be gone by then, many of these long-term projects with them. The ones that remain will rule the land, and those who hold them will be in clover.. on THOSE coins. But we will have lost our shorts on others. Thanks to fortuitous getting in and out of ETH ahead of major moves in that market, and small scalping of BTC here and there, I am doing OK. I'd be doing a lot better, if it weren't for many missteps. Some would say selling at a loss was a misstep. But I felt the value had a better chance at increasing in BTC or ETH or LTC than if it stayed where it was. So far, I was right, but I play on a shorter time scale; others are looking ahead many years. Nothing wrong with either view.
I was going to post in the loser thread but have done a little in other threads.I was afraid I would get to detailed but that is what it would have required to be of any help.That would have been a lot of hindsight but that is part of learning how to make decisions with in my own trading style.
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Re: A Big Critic Pulling His Head Out of.................the sand

Postby SilverDoge » Sat Jul 22, 2017

Long John wrote:Let's see now, lost my shorts on BAT, BNT, SNT, and some others along the way that I've forgotten about because they were minor.


You sold your Status? I thought that was your baby!?!?

My worst move thus far in crypto was selling BTC when it was under $1k to acquire over 200 oz of silver. :lol:
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Re: A Big Critic Pulling His Head Out of.................the sand

Postby Long John » Sat Jul 22, 2017

SilverDoge wrote:
Long John wrote:Let's see now, lost my shorts on BAT, BNT, SNT, and some others along the way that I've forgotten about because they were minor.


You sold your Status? I thought that was your baby!?!?

I was referring to SingularTV, not Status. Oops.

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Re: A Big Critic Pulling His Head Out of.................the sand

Postby SilverDoge » Sat Jul 22, 2017

Long John wrote:
SilverDoge wrote:
Long John wrote:Let's see now, lost my shorts on BAT, BNT, SNT, and some others along the way that I've forgotten about because they were minor.


You sold your Status? I thought that was your baby!?!?

I was referring to SingularTV, not Status. Oops.


Ah, okay. Good to hear. I was going to warn you to not check the SNT price... :lol:

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Long John
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Re: A Big Critic Pulling His Head Out of.................the sand

Postby Long John » Sat Jul 22, 2017

SilverDoge wrote:Ah, okay. Good to hear. I was going to warn you to not check the SNT price... :lol:

Well aware of it. :clap: Very tempting to take the profit, but I have soft spot for Status, having NOT followed anyone's advice on that one. Wish I had more of it, but as you know I needed the help of a good Samaritan outside the U.S. to get what little I've got. :thumbup:

Now if QRL would follow its example...

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Re: A Big Critic Pulling His Head Out of.................the sand

Postby SilverDoge » Sat Jul 22, 2017

Long John wrote:Now if QRL would follow its example...


Ask, and it shall be received....

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Re: A Big Critic Pulling His Head Out of.................the sand

Postby cmiller17363 » Mon Jul 24, 2017

Well, I just opened a coinbase account and downloaded the exodus wallet. Now I am learning as much as a can before I dip my toe and actually purchase anything. Thank you for this thread. It certainly helped me get through the first little push toward crypto. I am still quite unfamiliar but I will get there with time. :thumbup:
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Re: A Big Critic Pulling His Head Out of.................the sand

Postby cmiller17363 » Tue Jul 25, 2017

I have a question for you guys. If I were to buy some bitcoin on coinbase, I get charged a fee for that transaction. Now, if I want to move it to my desktop wallet (exodus) I would have to perform another transaction and presumably incur another fee. Is there a way to send the bitcoin directly to exodus and skip the coinbase wallet? Am I incorrect about the second fee to move from coinbase to exodus? :?
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