Lets talk Bored Ape NFT's (1.Viewing)

You misunderstood what I was saying. I am referring to those that trade cryptocurrency on a daily and weekly basis. It’s one of the worst investments to trade due to how volatile it is.
 
MapleDots said:
I hope that is the case, in fact I would prefer it but the reality is that the vast majority of crypto is not held for commerce, it is held for speculation and that in itself makes it vulnerable to dramatic increases or declines. A few speculators running scared can cause a domino effect.

When new taxation rules are written into law forcing exchanges to declare crypto transactions the speculative aspect of it will take a big hit and I hope to move my coins before that happens. For now I can hold and hope for the best but I know eventually I have to move my two coins or the tax hit will be immense.

On a footnote...

When crypto is forced to be reported the crime aspect will also go down so we will have two declines, the speculative, and the criminal aspect of it. Now the only thing left will be real commerce and unless there is a far greater acceptance in commerce the growth of crypto will be limited.


Then there is another point which I have not even touched on yet...

Which crypto do you pick? With more and more coins watering down the market it gets more and more confusing for the end user. [notify]Jonathan Hitchens[/notify] you said it best by saying we know nothing about it. I whole heartily agree with you and I like to believe I am up on technology. So if I know nothing about it just imagine an end user.... they will be completely clueless in how it works.


Personally I am a crypto investor with 2 measly coins that have become quite valuable, a part of me wants them to continue to rise forever but the other part of me keeps telling me to cash out every time it gets to a new high.
Click to expand...

Amazon, Facebook, TikTok, Apple Pay, Google Pay, Visa.......... This isn't the bitcoin of many years ago when people first heard of it and thought Dark Web, illegal activity. We're pushing 2022. Things have changed.

Just first 10 seconds he mentions what I already posted:

3 Of The Biggest Drivers Of Growth
Mass Adoption
Regulations - Investors are fine with this, brings it more mainstream
Investors

https://www.youtube.com/watch?v=Bx7R6fEfDvg&ab_channel=MichaelWrubel
 
I have been re-reading this topic to reflect a bit more on members opinions.

There are leaders and there are followers in life, it is often the leaders that take the biggest risks.

Crypto and NFT's are not for everyone and there is a certain segment of the industry that are truly doing well in those categories. But just like the stock market vs GIC's there is a certain level of comfort that everyone has.

Those people gaining or losing on the stock market have a much different philosophy than those taking making small moderate GIC gains. It is not who is right or who is wrong but more on what your comfort level is and that is bound to change the closer one gets to retirement years where traditionally one wants more security.

As much as [notify]Jonathan Hitchens[/notify] has corrected some of my errors it has opened my eyes to the possibilities. Having two fast approaching teenage kids I can say for me a middle ground between the new and the traditional is probably best.

When I was 16 years old I followed the advice of a successful stock market investor and turned a $400 investment into $16,000 in less than 4 months. The only reason I was able to do that was by having an open mind, I have to make sure as I get older my mind continues to be open so having members share their successes with these platforms is appreciated.
 
That’s great and all but for every ten risk takers the other nine failed. Not saying that cryptocurrencies are really a risk but to many it could be. I find it interesting the discussion about cryptocurrency because most people don’t really discuss that they own Gold or other currencies such as USD etc. So when you think about all the money in cryptocurrency people don’t realize that there are a lot of average people who already own it.

I know many who own cryptocurrency in 2021. 5 years ago I didn’t know anyone.
 
MapleDots said:
I have been re-reading this topic to reflect a bit more on members opinions.

There are leaders and there are followers in life, it is often the leaders that take the biggest risks.

Crypto and NFT's are not for everyone and there is a certain segment of the industry that are truly doing well in those categories. But just like the stock market vs GIC's there is a certain level of comfort that everyone has.

Those people gaining or losing on the stock market have a much different philosophy than those taking making small moderate GIC gains. It is not who is right or who is wrong but more on what your comfort level is and that is bound to change the closer one gets to retirement years where traditionally one wants more security.

As much as [notify]Jonathan Hitchens[/notify] has corrected some of my errors it has opened my eyes to the possibilities. Having two fast approaching teenage kids I can say for me a middle ground between the new and the traditional is probably best.

When I was 16 years old I followed the advice of a successful stock market investor and turned a $400 investment into $16,000 in less than 4 months. The only reason I was able to do that was by having an open mind, I have to make sure as I get older my mind continues to be open so having members share their successes with these platforms is appreciated.
Click to expand...

We do agree on the NFT's tho. Some people spending over 1 million on some ape is insane to me, even those spending hundreds/thousands. I understand the concept, if they spend x and can sell it to somebody else for more, congrats. But I think it's a game of hot potato. I think one day people will wake up and think, what do I really have. Some digital collectible that I can right click and save and it'll look the same to the human eye. And it costs me 0. Lot of FOMO going on I think. Digital collectibles is not something I'm into, I think a crash will happen but to be fair, I'm not into like some others.

That Bitcoin you have could be hitting some all time high next few months. It's about 55,000 now - https://coinmarketcap.com/currencies/bitcoin/

With me and Crypto - https://coinmarketcap.com/

Looks like they're tracking over 7,000 on that site,which I use to keep track of my portfolio. I have money in 16. 15 of them are in the top 50. All have solid projects behind them, every single one is in the green for me. Pick good ones, look at the charts, find a good entry point, I never stress the dips because they go back up again. I figure I'm good both ways. It goes up, I make money. It goes down/dips, that's when I buy and then just wait till they go up again.

It's one of those things I said I didn't want to get into because I didn't want to learn anything new. But then one day I logged into Paypal because I was checking on a small domain sale and there it was. Bitcoin, ETH, Litecoin, Bitcoin Cash. Put a little on each and every time I logged it, kept going up. Then I went to use some real exchanges. And every day, just learn a little more.
 
@Jonathan Hitchens is there a centralized place you can buy the different Crypto currencies? It would seem to be a hassle to buy from 15 or 20 different places to manage a basket of Crypto currencies.

Thanks,

Shaun
 
aactive said:
@Jonathan Hitchens is there a centralized place you can buy the different Crypto currencies? It would seem to be a hassle to buy from 15 or 20 different places to manage a basket of Crypto currencies.

Thanks,

Shaun
Click to expand...

I'm only using 2 right now, Coinbase and Crypto.com. No issues with those 2. That probably gets me 90% of the coins I want to invest in. I've signed up for some other popular ones like Binance, KuCoin, Gemini, Kraken. Some of those were a pain for one reason or another or they have the same coins the first 2 I use have. If one of those places have 1 coin I want, I'm not signing up just for that. There is a good chance that coin will eventually show up on Coinbase or Crypto.com since they add new coins from time to time.

And I'm not a (day) trader or putting in stop loss orders and that stuff like that, right now that's a bit over my head. I just find something I want to buy and buy it at what I think is a good price.

Then I use this for price alerts, the level I'm using is about $4 a month - https://cryptocurrencyalerting.com/

Pick an amount I want to buy in at, that site monitors those exchanges and sends me an email or sms once it hits my price point.

Then I use this to keep track of my portfolio, it's free - https://coinmarketcap.com/portfolio-tracker/

Other than that, I'm subscribed to some good YouTube channels with people who know what they're talking about. These all have 100's of thousands of subscribers, many with backgrounds in finance, stock trading etc. A few:

Lark Davis
https://www.youtube.com/channel/UCl2oCaw8hdR_kbqyqd2klIA

EllioTrades Crypto
https://www.youtube.com/channel/UCMtJYS0PrtiUwlk6zjGDEMA

Coin Bureau
https://www.youtube.com/channel/UCqK_GSMbpiV8spgD3ZGloSw

Crypto Jebb
https://www.youtube.com/channel/UCviqt5aaucA1jP3qFmorZLQ

Crypto Michaël
https://www.youtube.com/c/CryptoMichaël

Eddie Moon
https://www.youtube.com/c/eddiemooon

CryptosRUS
https://www.youtube.com/c/CryptosRUs

Those all give opinions on what to invest in.

This is a good how to/walk thru channel. How to set things up, how to use this and that. From setting up an account at various places to setting up a hardware wallet etc.
https://www.youtube.com/c/CryptoDad
 
Just went thru the top 50 - https://coinmarketcap.com/

And Coinbase and Crypto.com has 46 out of those 50. So good place to start if you're looking for solid ones.

I stayed away from Crypto.com for awhile because I like working on the desktop and this is app only but it's really smooth, haven't had any issues. It was highly recommended by some others in the business.

Then you have staking. Basically earning interest on your holdings. It's not much but it's extra money. On Coinbase just buying and holding there, you have a few where it's done automatically. 5% interest on COSMOS, 4% on ALGO. You have other sites where it's more but that's for another day. Really need to research those.
 
I use coinsquare. They are a Canadian company and their head office is right here in Toronto. They may not have all the crypto but they have the top ones.
 
Check this out:

Bitcoin

Oct 1 - 43,800
Oct 10, today - 56,800

+ 13,000 in just 10 days.

There is this guy that has been making the Crypto news named PlanB because he nailed his predictions on Bitcoin for August and September.

He said
August it would be 47k, it was.
September it would be 43k, take a dip, nailed it.
then:
October - 63k - it's now about 57K up from about 44k 10 days ago. So that 63k is looking good.
November - 98k
December - 135K

We'll see about November and December, those are some pretty bold predictions, knowing the previous high was about 64K.

So that 63k prediction from PlanB is right on track. +13,000 in the last 10 days, just needs another 6,000 in the next 20,
https://twitter.com/100trillionUSD/status/1406577006230245376

And when Bitcoin goes up, the alts usually follow.
 
Crypto has a great domain and runs tons of ads, but from what I hear their fees are sky-high.. Anybody here use Newton? Apparently not as many currencies but lower fees from what someone told me.
 
Jonathan Hitchens said:
I'm only using 2 right now, Coinbase and Crypto.com. No issues with those 2. That probably gets me 90% of the coins I want to invest in. I've signed up for some other popular ones like Binance, KuCoin, Gemini, Kraken. Some of those were a pain for one reason or another or they have the same coins the first 2 I use have. If one of those places have 1 coin I want, I'm not signing up just for that. There is a good chance that coin will eventually show up on Coinbase or Crypto.com since they add new coins from time to time.

And I'm not a (day) trader or putting in stop loss orders and that stuff like that, right now that's a bit over my head. I just find something I want to buy and buy it at what I think is a good price.

Then I use this for price alerts, the level I'm using is about $4 a month - https://cryptocurrencyalerting.com/

Pick an amount I want to buy in at, that site monitors those exchanges and sends me an email or sms once it hits my price point.

Then I use this to keep track of my portfolio, it's free - https://coinmarketcap.com/portfolio-tracker/

Other than that, I'm subscribed to some good YouTube channels with people who know what they're talking about. These all have 100's of thousands of subscribers, many with backgrounds in finance, stock trading etc. A few:

Lark Davis
https://www.youtube.com/channel/UCl2oCaw8hdR_kbqyqd2klIA

EllioTrades Crypto
https://www.youtube.com/channel/UCMtJYS0PrtiUwlk6zjGDEMA

Coin Bureau
https://www.youtube.com/channel/UCqK_GSMbpiV8spgD3ZGloSw

Crypto Jebb
https://www.youtube.com/channel/UCviqt5aaucA1jP3qFmorZLQ

Crypto Michaël
https://www.youtube.com/c/CryptoMichaël

Eddie Moon
https://www.youtube.com/c/eddiemooon

CryptosRUS
https://www.youtube.com/c/CryptosRUs

Those all give opinions on what to invest in.

This is a good how to/walk thru channel. How to set things up, how to use this and that. From setting up an account at various places to setting up a hardware wallet etc.
https://www.youtube.com/c/CryptoDad
Click to expand...

Thanks for taking the time to share all the info...appreciated.
 
Jonathan Hitchens said:
I'm only using 2 right now, Coinbase and Crypto.com. No issues with those 2. That probably gets me 90% of the coins I want to invest in. I've signed up for some other popular ones like Binance, KuCoin, Gemini, Kraken. Some of those were a pain for one reason or another or they have the same coins the first 2 I use have. If one of those places have 1 coin I want, I'm not signing up just for that. There is a good chance that coin will eventually show up on Coinbase or Crypto.com since they add new coins from time to time.

And I'm not a (day) trader or putting in stop loss orders and that stuff like that, right now that's a bit over my head. I just find something I want to buy and buy it at what I think is a good price.

Then I use this for price alerts, the level I'm using is about $4 a month - https://cryptocurrencyalerting.com/

Pick an amount I want to buy in at, that site monitors those exchanges and sends me an email or sms once it hits my price point.

Then I use this to keep track of my portfolio, it's free - https://coinmarketcap.com/portfolio-tracker/

Other than that, I'm subscribed to some good YouTube channels with people who know what they're talking about. These all have 100's of thousands of subscribers, many with backgrounds in finance, stock trading etc. A few:

Lark Davis
https://www.youtube.com/channel/UCl2oCaw8hdR_kbqyqd2klIA

EllioTrades Crypto
https://www.youtube.com/channel/UCMtJYS0PrtiUwlk6zjGDEMA

Coin Bureau
https://www.youtube.com/channel/UCqK_GSMbpiV8spgD3ZGloSw

Crypto Jebb
https://www.youtube.com/channel/UCviqt5aaucA1jP3qFmorZLQ

Crypto Michaël
https://www.youtube.com/c/CryptoMichaël

Eddie Moon
https://www.youtube.com/c/eddiemooon

CryptosRUS
https://www.youtube.com/c/CryptosRUs

Those all give opinions on what to invest in.

This is a good how to/walk thru channel. How to set things up, how to use this and that. From setting up an account at various places to setting up a hardware wallet etc.
https://www.youtube.com/c/CryptoDad
Click to expand...

Thanks for taking the time to share all the info...appreciated.
theinvestor said:
I use coinsquare. They are a Canadian company and their head office is right here in Toronto. They may not have all the crypto but they have the top ones.
Click to expand...
thanks.
 
Jonathan Hitchens said:
...Looks like they're tracking over 7,000 on that site, which I use to keep track of my portfolio. I have money in 16. 15 of them are in the top 50. All have solid projects behind them, every single one is in the green for me. Pick good ones, look at the charts, find a good entry point, I never stress the dips because they go back up again. I figure I'm good both ways. It goes up, I make money. It goes down/dips, that's when I buy and then just wait till they go up again.
Click to expand...

@Jonathan Hitchens

Thanks for sharing all your info about Crypto. Not asking you to give away your holdings or anything, but I was interested in your "15 of them are in the top 50. All have solid projects behind them". When you say they have projects behind them, what do you mean?

Thanks,

Shaun
 
aactive said:
@Jonathan Hitchens

Thanks for sharing all your info about Crypto. Not asking you to give away your holdings or anything, but I was interested in your "15 of them are in the top 50. All have solid projects behind them". When you say they have projects behind them, what do you mean?

Thanks,

Shaun
Click to expand...

One example would be Solana. If you type in Solana crypto projects into Google or:

https://twitter.com/solanians_

Being used with a lot of NFT's and other projects. A lot runs on Ehtereum but it has some competitors like Solana, Cardano, Polkadot. Compared to a coin where you might find at 2,110, some meme coin that probably won't exist in the future.

I just got into it this year and when a lot of these were at or reaching all time highs and right now have about a 40% return. Some I was buying at some highs. Some I got in decent. I made a spreadsheet of the top 100 and then just watch the videos from the channels above and other place and just keep notes. What gets mentioned, predictions, sometimes these guys post their personal portfolios.

As an example, that Coin Bureau guy:

Coin Bureau
ETH - 25.75%
BTC - 21.83%
SOL - 14.91%
DOT - 7.53%
PAXG - 5.65%
USDC - 4.78%
ADA - 4.53%
ATOM - 4.29%
UST - 2.90%
RUNE - 2.23%
INJ - 1.88%
LINK - 1.20%
AR - 1.18%
MATIC - 1.12%
LIT - 0.22%

I have the one in bold myself.

The tricky part is when to get in. September historically has been slow, a great month to accumulate. This Q4, things are supposed to go up. So haven't been buying much lately. Just watching for some dips and seeing if Bitcoin really does take off.

ETH is pretty safe I think, it's 25% of my portfolio and my average buy price is $2,416, it's now $3,500. So that is a 45% return so far.

Another one Polkadot/DOT got in at 19.47, it's now 33.57, so 73% return. Should you buy now? I don't know. Could dip next year. We're kind of in the middle of a bull run, Q4 going up. Earlier in the year, even just last month was a better time to acquire.
 
  • Like
Reactions: FM
@Jonathan Hitchens

Thanks again for the insights. I know Crypto's been around for years, but I feel like l did in 1999 when I first started registering domains; not sure what I was looking at a fad, the future or what. Good thing it was the future. I have a better feeling about the future of Crypto, than I do NFT's (at least in it's state).

Shaun

PS Nice returns
 
  • Like
Reactions: FM
RedRider said:
‘Identity Theft’ Criminals Plundering El Salvador Bitcoin Wallet Funds
https://cryptonews.com/news/identity-theft-criminals-plundering-el-salvador-bitcoin-wallet-funds.htm

Bitcoin is legal and theft is crazy
Click to expand...

Expected bumps in the road.

El Salvador to Build Pet Clinic with BTC Profits

El Salvador is sitting on a healthy profit after purchasing a total of 700 BTC over the course of September.

President Nayib Bukele’s decision to buy the dip has resulted in profits of about $4 million already.

https://coinmarketcap.com/alexandria/article/el-salvador-to-build-pet-clinic-with-btc-profits

In September when there were a couple of dips and people not in crypto did the I told you some posts and some new people panicked and sold, the President of El Salvador was buying the dip, even bragging about it on Twitter. Made $4 million in profit just from the Bitcoin he purchased in September and putting it right back into the country. Somebody who gets it.
 
Want to see some crazy stuff in the Crypto world. Right now SHIB is trending #1, CNN article on it.

I bought some last month, right now it's about 8x for me.

Check this guy out. Bought $8,000 woth of SHIB just 2 months ago. It's now worth............$5.7 billion. Can you imagine that feeling, crazy.

"This wallet bought roughly $8,000 of $SHIB last August.

It's now worth $5.7 billion.

From $8,000 to $5.7 billion in roughly 400 days.

We may actually be looking at the greatest individual trade of all time."

https://twitter.com/MorningBrew/status/1453445533754855433
 
  • Like
Reactions: FM
You must log in or register to reply here.

Sponsors who contribute to keep dn.ca free for everyone.

Sponsor
CanSpace
CIRA
FullHost
WHC
Donors (6)

Sponsors who contribute to keep dn.ca free.

Members who recently read this topic: 20

Back
Top Bottom