Gloves | 11,761 Administrator · Posted September 7, 2021 Share Posted September 7, 2021 Yo what happened? Lol. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted September 7, 2021 Share Posted September 7, 2021 (edited) @Gloves El Salvadore implemented BTC as official currency. "Buy the rumor (AKA hype), sell the news." This is real news. Edited September 7, 2021 by DoctorEncore 1 Link to comment Share on other sites More sharing options...
Gloves | 11,761 Administrator · Posted September 7, 2021 Share Posted September 7, 2021 1 minute ago, DoctorEncore said: El Salvadore implemented BTC as official currency. "Buy the rumor (AKA hype), sell the news." This is real news. It's kinda funny, this has happened multiple times now. I look at my crypto and go "Boy, it sure has gone up quite quickly, now is probably a good time to liquidate!" and then I go "No no... we hold! Today's up could be tomorrow's down!". And then the prices all plummet the next day. I gotta start listening to that first voice in my head more! 1 Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted September 7, 2021 Share Posted September 7, 2021 Just now, Gloves said: It's kinda funny, this has happened multiple times now. I look at my crypto and go "Boy, it sure has gone up quite quickly, now is probably a good time to liquidate!" and then I go "No no... we hold! Today's up could be tomorrow's down!". And then the prices all plummet the next day. I gotta start listening to that first voice in my head more! Welcome to day trading, haha. I think it's totally fine to just hold BTC, ETH, ADA, and some other high cap coins. You really don't even need to look at them. However, this is my side investing stuff and doesn't detract from my retirement funds in any way, so I'm still doing stupid things with my daily trades. In order to do less stupid things, I now keep my trading crypto in Coinbase Pro. Thankfully, I actually had a stop loss for my ETH and it sold on the way down at $3600. Link to comment Share on other sites More sharing options...
Gloves | 11,761 Administrator · Posted September 7, 2021 Share Posted September 7, 2021 Just now, DoctorEncore said: Welcome to day trading, haha. I think it's totally fine to just hold BTC, ETH, ADA, and some other high cap coins. You really don't even need to look at them. However, this is my side investing stuff and doesn't detract from my retirement funds in any way, so I'm still doing stupid things with my daily trades. In order to do less stupid things, I now keep my trading crypto in Coinbase Pro. Thankfully, I actually had a stop loss for my ETH and it sold on the way down at $3600. Yeah my main funds go to WealthSimple which has done well investing in stocks etc. for me. I actually really like the robo investor cuz it's very set it and forget it, and after a few years it looks to be pretty clearly working. I'm up 17.5% returns on both my TFSA and RRSP! Obviously there's ups and downs (I was down a few thousand when covid hit, as I imagine just about every joe blow was) but overall I'm quite happy with it. This crypto stuff is just fun side stuff, I don't have a life-altering amount in it or anything ($2500 CAD right now). It's like when I used to play the economies on MapleStory, Runescape, and GaiaOnline. But now with real money! 1 Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted September 7, 2021 Share Posted September 7, 2021 2 hours ago, DoctorEncore said: @Gloves El Salvadore implemented BTC as official currency. "Buy the rumor (AKA hype), sell the news." This is real news. I'm hoping this is long term good news. I don't really like seeing my account balance tank 5 figures in an hour. Link to comment Share on other sites More sharing options...
Gloves | 11,761 Administrator · Posted September 7, 2021 Share Posted September 7, 2021 1 minute ago, Bearcat-Doug said: I'm hoping this is long term good news. I don't really like seeing my account balance tank 5 figures in an hour. Me yesterday: "Ah nice, I'm up around $500 total since I started this!" Me today: "Eh crep." Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted September 7, 2021 Share Posted September 7, 2021 10 minutes ago, Gloves said: Me yesterday: "Ah nice, I'm up around $500 total since I started this!" Me today: "Eh crep." I lost $15k in an hour if that makes you feel any better. It would probably ease my pain a bit if I could get my 2020 beat em up champion charm finally. Link to comment Share on other sites More sharing options...
Gloves | 11,761 Administrator · Posted September 7, 2021 Share Posted September 7, 2021 2 minutes ago, Bearcat-Doug said: I lost $15k in an hour if that makes you feel any better. It would probably ease my pain a bit if I could get my 2020 beat em up champion charm finally. Eeehhhhhh. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted September 7, 2021 Share Posted September 7, 2021 Just now, Gloves said: Eeehhhhhh. I'm hoping for a good bitcoin run for when the charity stream comes up. I need to preserve my top donor spot! Link to comment Share on other sites More sharing options...
Gloves | 11,761 Administrator · Posted September 7, 2021 Share Posted September 7, 2021 2 minutes ago, Bearcat-Doug said: I'm hoping for a good bitcoin run for when the charity stream comes up. I need to preserve my top donor spot! November. Plenty of time to get another upturn! Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted September 7, 2021 Share Posted September 7, 2021 Just now, Gloves said: November. Plenty of time to get another upturn! Good. I want to win another highest donor title! 1 Link to comment Share on other sites More sharing options...
Gloves | 11,761 Administrator · Posted September 7, 2021 Share Posted September 7, 2021 1 minute ago, Bearcat-Doug said: Good. I want to win another highest donor title! You guys keep pushing my goal higher every year, eventually it's gonna get ridiculous lol. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted September 7, 2021 Share Posted September 7, 2021 1 minute ago, Gloves said: You guys keep pushing my goal higher every year, eventually it's gonna get ridiculous lol. I think your donor page is always active so I could always try to hit it before you start. There was a guy playing for the Cincinnati Children's Hospital last year and I think his goal was over $10k. Link to comment Share on other sites More sharing options...
Gloves | 11,761 Administrator · Posted September 7, 2021 Share Posted September 7, 2021 8 minutes ago, Bearcat-Doug said: I think your donor page is always active so I could always try to hit it before you start. There was a guy playing for the Cincinnati Children's Hospital last year and I think his goal was over $10k. I put up the page at the start of every year to make sure my name doesn't get stolen or anything. So yeah, all year available! Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted September 7, 2021 Share Posted September 7, 2021 4 minutes ago, Gloves said: I put up the page at the start of every year to make sure my name doesn't get stolen or anything. So yeah, all year available! I'll do my best to defend my top donor title this year. 1 Link to comment Share on other sites More sharing options...
Code Monkey | 2,005 Posted September 7, 2021 Share Posted September 7, 2021 I lost $50,000 today. Thanks for bringing it to my attention. Time to start eating Kraft Dinner. 2 Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted September 8, 2021 Share Posted September 8, 2021 17 hours ago, Code Monkey said: I lost $50,000 today. Thanks for bringing it to my attention. Time to start eating Kraft Dinner. I already stocked up on black beans and rice. Link to comment Share on other sites More sharing options...
phart010 | 1,705 Posted September 10, 2021 Author Share Posted September 10, 2021 (edited) What do y’all think about ECOMI? It’s a token that is used to purchase NFT’s through the VeVe digital collectibles app. Kind of like buying the currency that fuels NBA Top Shot. But instead of the NFT’s being limited to NBA moments, VeVe is getting licensing deals with a lot of companies in the entertainment industry. Like Marvel Universe, DC Comics, etc. I’ve even heard there’s talk of getting deals with Star Trek, Star Wars, Yu-Gi-Oh, Pokémon etc. Right now you can buy ECOMI at $0.003 each. NBA Top Shot runs on Flow network. Right now Flow is trading for $20. It is not convenient to buy ECOMI, this may be why the price is low. Even if it were to go to $0.01 you’d be more than doubling your money. I have put $1000 into it.. Am I a fool? Edited September 11, 2021 by phart010 Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted September 11, 2021 Share Posted September 11, 2021 16 hours ago, phart010 said: I have put $1000 into it.. Am I a fool? Probably no more foolish than anyone else investing in crazy new technology. I'm still skeptical of NFTs but they bounced back big time after a mini crash a few months ago. I think sports and media collectibles are the way to go unless you're uber rich, in which case art is apparently a big deal. A few of my friends and I formed an LLC and are investing in early Cardano projects through Cardstarter with plans to expand into DOT and SOL. Staking on these platforms let's us buy in during private rounds of funding before IDO. It's interesting, although allocations are small so we haven't seen huge profits yet. Link to comment Share on other sites More sharing options...
G-type | 2,479 Posted September 12, 2021 Share Posted September 12, 2021 crypto as a decentralized currency is interesting, but it seems like 99% of the people involved are just treating it as a speculative asset. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted September 12, 2021 Share Posted September 12, 2021 1 hour ago, G-type said: crypto as a decentralized currency is interesting, but it seems like 99% of the people involved are just treating it as a speculative asset. Because it is not a currency. Link to comment Share on other sites More sharing options...
G-type | 2,479 Posted September 12, 2021 Share Posted September 12, 2021 (edited) 1 hour ago, Californication said: Because it is not a currency. it's certainly not functioning as one currently, but the name "cryptocurrency" implies that it aspires to be one. Forbes defines bitcoin as "a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank." that could only happen if its value reached some degree of stability. Rapid and volatile deflation is a not a healthy sign. Edited September 12, 2021 by G-type Link to comment Share on other sites More sharing options...
MiamiSlice | 3,089 Posted September 15, 2021 Share Posted September 15, 2021 Yesterday we had our first insider trading scandal in NFTs: https://www.theblockcrypto.com/post/117751/opensea-confirms-executive-used-insider-knowledge-when-buying-nfts Thought y'all might enjoy. The whole thing was blown open pretty quickly because the evidence was all visible on the Ethereum blockchain. Link to comment Share on other sites More sharing options...
Code Monkey | 2,005 Posted September 15, 2021 Share Posted September 15, 2021 I've teamed up with an incredible artist to release a NFT collection later this year, I think it's going to be huge. I'll post the name here later when we get some samples and a website up. If anyone has any questions about that, I'm pretty deep in NFT for work at the moment, I understand everything about it. I actually had to write a script that pulls them from the block chain based on a public wallet address using the API. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now