This is part Trade Journal and part Introduction to Cryptocurrencies, I will post some investments of mine in this thread but you may also see it as a place where you can ask questions about cryptos in general and i will do my best to answer them,i am gonna start with a very small intro to crypto/trading. I am not going to explain the basics about cryptos, the actual technical implementation is somwehat different for each of them, google is your friend. Basically all cryptos run on a database/ledger that is distributed among many many nodes around the globe, for most cryptos it is very easy to run your own node and thushelp to ensure the integrity of that database, and shittons of people do this. I know that every once in a while some news site will come up with a new "bitcoin got hacked" article, all of them are stupid and false, bitcoin and other crypts can not be hacked, it runs a protocal that can not be hacked, you can actually mathematically prove that those protocols are secure, the only way one could "attack" a crypto is when one entity has majority of the nodes ( / computation power ) that runs the network, this however would be extremely expensive and is more than unikely for big currencies. Exchanges and centralized services however can be hacked, thats what thoose articles refer too, for example the famous mtgox hack ( japanaese exchange ) or more recently bitfinex. Also every once in a while some politicians come up with the idea of banning cryptos in their country, (mosty because you can use it to make transactions anonymously -> terror financing / illegal activites, this is part of cryptos but most of this is still done with fiat currencies or just cash, cryptos make up a few percent of that illegal ecosystem at best ) based on the distributed nature of cryptos this is as impossible as banning the internet, they could however make it illegal for businesses to accept bitcoin. Websites you should know about: Exchanges / where to buy BTC: bitfinex.com / coinbase.com After you buy bitcoins you can store them on your pc in an wallet like: https://electrum.org/#home Biggest crypto forum: https://bitcointalk.org/ marketcap of different currencies: http://coinmarketcap.com/ Biggest Altcoin exchange: poloniex.com ( Altcoin = ohter cryptos than bitcoin ) no one really knows the owner of poloniex, but no one really cares, do not expect public companies when it comes to cryptos. Bitcoin was the first cryptocurrencyy, think of it as the digital gold, still has the largest marketcap but other currencies are more advanced than bitcoin,for example Etherum is like a global distributed computer that can do things with money. you can upload small programms ( smart contracts ) that then run on the distrubuted database. Those are the 2 biggest as of now. Sometimes when a new Cryptocurrency is introduced all of the available tokens/coins are sold before the actual cryptocurrency goes online, a ongoing example of such a an ICO is https://komodoplatform.com/ komodo is is an upcomming Currency that will feature anonymous transactions, investors can now buy a share of all komodo tokens ever in existence, and once it is live those tokens can then be used or sold on exchanges like poloniex. Sometimes thoose ICO's turn out to be extremely profitable, A year ago I invested in this currency: https://bitcointalk.org/index.php?topic=1216479.0 although it is still in development iota tokens can already be sold OTC, i personally made about 50x ROI with this currency. I am not ecouraging people to blindy invest, most ICO's are scams and pump and dump schemes, but you can make nice profits if you know what you are doing and if you look at who is running those icos, komodo and iota where both created by very trustworthy members of the bitcoin community. Personally i invested into komodo, I do not expect a ROI anywhere close to that 50x IOTA ROI, but i do expect a nice return within a few months or so, will post updates on komodo in this thread.
Welcome to the board @tuliptrader but I don't think the Cryptocurrencies are for me but each to their own. BTW: Are you connected to Jenny Rebekka? TTT
Havent had much time to look into this much but this could turn out to be interresting: https://chronobank.io/
We would like to present the opening of the upcoming crypto exchange Versarium. Official dealer of crypto products from USA. Smart and easy dashboard. Responsive 24/7 support. Soon to release its own licensed coin.
Hey guys, I just started to learn about crypto world. I've just spend a lot of time on learning basic stuff, read articles, but it's time to take some action. What were your first steps on the market? Any advice will be helpful!
Ballsy time to try launching a crypto exchange. Vast majority of people are not buying. I hate Coinbase with a passion. I can not wait until ETH completes their "merge," so I can finally have the ability to withdrawal my money. I have had about 1200-1300$ locked into ETH2.0 staking program since April-May of 2020. And over that period of time my 1200-1300$ has become 700$. Crypto has been my only investment that I have ever made that has lost money. I am trying to keep emotion out of the equation but I am starting to feel like the whole "Crypto," assets market was a huge pyramid scheme. Where are all those celebrities who were pushing Crypto a year ago? Matt Damon basically had a commercial where he called you a pussy if you werent willing to invest in crypto. "Fortune favors the brave" If the "Merge," were completed today, I would likely still hold as I remain optimistic of a rebound someday. Having the option to sell will probably relieve a lot of my anxiety. Nothing sucks like having an asset crashing and not being able to do anything about it.
