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  1. #21
    Join Date
    Jul 2010
    Location
    Philthadelphia
    Posts
    206
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    Day trading altcoins is a great way to make or loose money... i actually had an incident recently not remembering that years ago my uncle got into mining in the beginning and have given me some bitcoin for Christmas years ago. I’m now playing around with some day trading. Just try to make enough money to cover your transaction fees.. and cash out at the end of the day. Also i got some great advice from a forex trader and that’s to 1 practice a lot just using a pad of paper abd doing your own fake transactions and transaction history while the live market is running. 2 limit yourself to a set amount of time to dedicate complete focus on the market as its running while you are trading. Say 2 hours and close out at first and then build up your tolerance and take set breaks away from the screen.

  2. #22
    Join Date
    Apr 2012
    Location
    Treasure Island , FL
    Posts
    463
    Quote Originally Posted by Slystick View Post
    A sh*t ton of research. Im invested in about 10 crypto's rn. Quick gains, high risk. Been working so far so good for me. Substratum releases their public beta dec/jan so expect good gains if all goes as planned. Lisk is about to rebrand. PowerLedger already has working products (youtube them, great for the environment). Easiest to get started with coinbase, if you know someone with it get there referral link and both you and them will get $10. If you dont know anyone I will happily give you mine Look up videos on how to use gdax (coinbase's sister site) because there is a way to purchase cryptos with 0 fees. Binance is awesome for trading crypto's, definitely look into that. Look into hard wallets (ledger nano s) if investing a lot of money.
    Thanks for sharing that hard work with me. I just learned of gdax yesterday. I started on coinbase but didn't complete the banking info as I'm still really learning and trying to take it slow. I'm not going to throw a lot of money at it right now as I'm a newbie and thats prob a good way to throw it away. When I do coinbase I will touch base with you so we both get the perks. Thanks again man for sharing your knowledge with a stranger. I know a lot of time was invested for you to spit that knowledge.

  3. #23
    Quote Originally Posted by StuckontheGulf View Post
    Thanks for sharing that hard work with me. I just learned of gdax yesterday. I started on coinbase but didn't complete the banking info as I'm still really learning and trying to take it slow. I'm not going to throw a lot of money at it right now as I'm a newbie and thats prob a good way to throw it away. When I do coinbase I will touch base with you so we both get the perks. Thanks again man for sharing your knowledge with a stranger. I know a lot of time was invested for you to spit that knowledge.

    Yea no problem man, just trying to help you avoid the mistakes Ive made. Gdax will save you a ton of transaction fees. Use coinmarketcap.com to look at market cap and coin supply of companies your thinking of investing in, then compare those stats vs some other companies to see potential future price (not saying thats where they will end up, but it gives you an idea of potential). A lot of companies are just starting because its a new technology. Bitcoins great long term, but some of these new companies may offer better returns if you catch them early. Datadash and crypto love are great youtuber's who post daily. check them out

  4. #24
    Join Date
    Apr 2012
    Location
    Treasure Island , FL
    Posts
    463
    Bitcoin is going berserk.

  5. #25
    Yes it is

  6. #26
    Short squeeze

  7. #27
    Join Date
    Feb 2012
    Location
    Carolina Beach
    Posts
    2,208
    Quote Originally Posted by StuckontheGulf View Post
    Bitcoin is going berserk.
    Bitcoin topped 11K.

  8. #28
    Could bitcoin be affected like the stock market if government shuts down next week?

  9. #29
    Join Date
    Sep 2009
    Location
    NH
    Posts
    8,640
    Quote Originally Posted by La_Piedra View Post
    Could bitcoin be affected like the stock market if government shuts down next week?
    Bitcoin could be affected by government regulation, that is for sure.
    And who is it that owns the "dollar"?
    Oh...government, that is who.
    Risky investment for sure, however, were I younger with time to make back potential loses, and had I got in at lower price, maybe I would have taken a position, albeit small.

  10. #30
    Join Date
    Feb 2012
    Location
    Carolina Beach
    Posts
    2,208
    Quote Originally Posted by La_Piedra View Post
    Could bitcoin be affected like the stock market if government shuts down next week?
    It's an international currency. l am by no stretch an international economic guru, but I don't think it will be affected negatively. Here's where we need Yankee or someone else to drop some knowledge.
    Slysitck?

    Barry, Same boat, or boart as you. My son's doing well with crypto's though. I don't think the government can shut it down. It can be banned by a government as a currency in that country.