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  • Gasser64
    replied
    Originally posted by Darren M View Post
    Like!
    And great point. I too am highly skeptical of most ICOs. I'll post up what I find as long as y'all practice "safe investing". Lol, a bit of an oxymoronic statement.
    I think it can be done. Research is the key, but any investment will always be something of a risk. You could buy awesome land and then have an asteroid hit it. You never know...

    With crypto it really helps if you're already a "computer guy" and can assess projects fairly well and tell if it is something that is needed or wanted. But even if its a good project (that has a reason to exist) you still need to see what its competition is from other cryptos, and see how far ahead they are. My rough criteria are:

    1. Good dev team. What else has each member done?

    2. Brings something to the table. Has a good reason to exist. Project will fill some need in the world.

    3. Doesn't have too much competition from other cryptos seeking to do something similar, or the same thing. (See Dash vs Bitcoin Dark also Bytecoin)

    4. Doesn't smell like a scam. This one is a bit trickier, and is just a gut feeling type of deal. Superiorcoin smelled kind of stinky to me, turned out it was. Often just the name can help you decide. People have named coins after their dogs. Yeah.

    5. Somewhat lower number of coins, ideally in the 10's of millions. Also, has over 500,000 per day in trade volume.

    6. Has some form or fashion of progression that you can follow. This one wouldn't apply to ICO's or just new coins, but rather ones that you're considering that have been out a good while. If there is a year or two that it went dark, I'd probably avoid it. Some of them WILL go extinct, and you don't want to be in it when it does. Check their latest Roadmap, and read up on their Reddit page. Reddit is very, very useful for keeping up with how they're coming along.

    Also watch out for the exchanges. They do get looted every once in awhile, although that has improved a bit. Use the two factor authentication with google authenticator. Makes you have to enter a random number that pops up in the authenticator every 10 seconds. Also use email authentication. Best thing you can do is get the correct wallet and put it on your desktop. Transfer all your coins to your desktop wallet. Then print out a paper wallet of your authentication keys. Wouldn't hurt to image that hard drive over to another hard drive just in case the main hard drive dies. Been known to happen. Be VERY careful to never accidentally send the wrong coins, to the wrong wallet. You do that, and your coins are gone. All it takes is one screwup like that.

    You'd think it would just say something like "Invalid address" and just not complete the transfer. No, it just erases your coins. This goes for any coins of any kind. They must go to the correct wallet. So for example Reddcoins, go to your Reddcoin wallet. You send them to a bitcoin wallet and they'll disappear forever.
    Last edited by Gasser64; 12-26-2017, 07:55 PM.

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  • Darren M
    replied
    Hope no one was on YouBit!

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  • Darren M
    replied
    Like!
    And great point. I too am highly skeptical of most ICOs. I'll post up what I find as long as y'all practice "safe investing". Lol, a bit of an oxymoronic statement.

    Leave a comment:


  • Gasser64
    replied
    Originally posted by Darren M View Post
    I agree with you on principal. However, as a Technologist/nerd, I've found that principals rarely make money on "The Street". I.e. Apple's rise, Microsoft (DOS OS), the list goes on and on.
    Oh I don't disagree there. Ripple may very well make some millionaires. Maybe. But there are lots of others that are going to do a lot better. Look at the market cap. You see the difference between the amount of Ripple (XRP) in existence, vs the amount of bitcoin. Its sky high. The higher that number, the lower and slower you can expect its climb to be.

    But you have to weigh that against all the money that will be flowing into crypto, and how much it will be growing. So its just going to take a long time for those high cap coins to reach $1. I'm thinking 2 years at the minimum. Maybe 5 years, hard to tell.

    You can scroll through all of the coins and see the direct correlation between their current price and the amount of coins they have. Or that they say that they will have once they're finally all mined. The lower the coin number, the higher the price. So if you identified a solid project that had a somewhat low number of coins and a high degree of hype, you can bet that it will shoot up. And if you find one post it up lol. Only thing is, I'm somewhat skeptical of ICO's. They're a scammer's paradise. Very treacherous waters to be navigated in crypto.
    Last edited by Gasser64; 12-19-2017, 12:47 PM.

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  • Darren M
    replied
    Back on track....
    Overstock tZero ICO.

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  • Darren M
    replied
    I agree with you on principal. However, as a Technologist/nerd, I've found that principals rarely make money on "The Street". I.e. Apple's rise, Microsoft (DOS OS), the list goes on and on.

    Leave a comment:


  • Gasser64
    replied
    Too bad they didn't pick bitcoin. I remember when amazon was thought to be a largely libertarian organization. At least, there were a lot of self proclaimed libertarians running it. They were always against taxes on the customer, and put one of their big distribution centers in a state that didn't want to tax their out of state sales.

    Ripple is the the bank's attempt to weasel in on crypto. If you read up on it, it brings nothing to the table. Nothing to aid the common man, unlike nearly all other cryptos. They make it clear that they control it, and that they can and will manipulate it as they please. You might think of it as just the dollar under a different name, only now with zero government involvement. Just bank involvement.

    Given the mission of bitcoin (which I believe in) I can never support ripple. You'll find that attitude fairly common. The bitcoin inventor was fed up with banks and our money being manipulated, so he created bitcoin. If crypto is destined to finally win the battle someday, ripple won't survive. Its designed to be the old way of doing things, the status quo.

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  • Darren M
    replied
    Amazon and Ripple - https://oracletimes.com/amazon-ripple-xrp-2018/

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  • Darren M
    replied
    Integrating. I'll have to google more. In 3 others right now, just looking to get into a "penny crypto"

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  • Gasser64
    replied
    Originally posted by Darren M View Post
    Anyone get into Ripple (XRP)? If so, where'd you buy it?
    I'd avoid ripple. Plenty of other good ones out there that don't support banks. All other cryptos are essentially seeking ripple's death, when you get down to it. It is not in good company.

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  • Darren M
    replied
    Anyone get into Ripple (XRP)? If so, where'd you buy it?

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  • Tx Redneck
    replied
    Crypto-currencies may have been targeted in order to evade global financial sanctions on the North.

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  • 71chevellejohn
    replied
    Originally posted by Darren M View Post
    Damn, didn't realize it was such a long wait time. Thanks!
    No problem... I had to go back and triple check the price on amazon because it was only $2500 earlier in the week!

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  • Gasser64
    replied
    Safex goes up to 4 cents and I think that maybe its finally taking off.

    ...

    Bittrex announces that they're delisting the coin cause it will pay dividends, and the price crashes.

    My reaction at exactly 1:22 of this vid:

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  • Darren M
    replied
    Damn, didn't realize it was such a long wait time. Thanks!

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