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NEW TO CRYPTO? Poor as fuck? Lessons gleaned from my first week
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| arousing sienna background story | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| arousing sienna background story | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| arousing sienna background story | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| arousing sienna background story | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| arousing sienna background story | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| arousing sienna background story | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| arousing sienna background story | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| frum thirsty haunted graveyard resort | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| arousing sienna background story | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| arousing sienna background story | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| magenta comical giraffe | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| crimson nighttime legend | 01/03/18 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| arousing sienna background story | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| Emerald passionate lodge | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| Dark Patrolman | 12/30/17 |
| arousing sienna background story | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| Aromatic saffron library | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| arousing sienna background story | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
| Emerald passionate lodge | 12/30/17 |
| arousing sienna background story | 12/30/17 |
| Charismatic office | 01/03/18 |
| Self-centered talented useless brakes fat ankles | 12/30/17 |
| magenta comical giraffe | 12/30/17 |
| Aromatic saffron library | 12/30/17 |
| Learning Disabled Multi-colored Newt Den | 12/30/17 |
Poast new message in this thread
Date: December 30th, 2017 3:20 PM Author: Learning Disabled Multi-colored Newt Den There isn't too much advice on here for those of us who are completely broke and starting close to zero. I have about $2500 in crypto right now. Most pulled off my credit cards.
Here are some painful lessons I've learned...
First, watch some videos about wallets and transferring money. THEN:
Use your bank account and or credit cards at Coinbase.com to buy major currencies (here's a referral link that'll give me $10 https://www.coinbase.com/join/5a35c4a3686dee012464f8ac if you sign up with it). You're capped at $750 a week unless you use transfer funds. The cap is a good thing. Go slowly at first. Don't buy BITCOIN because it costs a ton to send. Buy Ethereum or Litecoin instead. Dunno what BCC is and I don't like it.
Then register, and send the money over to Binance.com (again, here's a referral link: https://www.binance.com/?ref=15783565 ).
Binance has fairly established coins. You don't want to buy the really freaky ones yet. Stick to the reasonable ones: these ones have grown a little and are in the $1-$5 range. Prices fluctuate a lot but buy with the intention of holding for at least a week or two. At times this will be very very painful. You will feel like you're missing out. Be patient.
If Gatormo starts giving away cash post your wallet even if you look like a weasel.
The crypto board is mostly trustworthy but look for consensus rather than the advice of individuals. If a few people like something then it's probably safe.
I'll update periodically.
After sinking about 1750 of my own money in and getting about $250 worth from very generous posters... my portfolio is up to about 0.16BTC and I'm up about 200 dollars or so and expect to be up far more than that at the end of Jan. |
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Date: December 30th, 2017 3:25 PM Author: arousing sienna background story What’s your eth address (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043722) |
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Date: December 30th, 2017 3:27 PM Author: Learning Disabled Multi-colored Newt Den 0xb5a13d3a6379381e41f659b58ee568f64bd8e790
NB I think you gave me some the other day! |
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Date: December 30th, 2017 3:31 PM Author: arousing sienna background story Is this bird stomper? (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043774) |
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Date: December 30th, 2017 3:33 PM Author: Learning Disabled Multi-colored Newt Den Yep! I like to shuffle my name around every now and then...
Thank you so much for giving me some the other day, that was really nice.
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Date: December 30th, 2017 3:34 PM Author: arousing sienna background story Ofs.
Have you traded stocks before? If you have you can adapt a lot of those ideas to crypto. If not crypto will be challenging |
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Date: December 30th, 2017 3:37 PM Author: Learning Disabled Multi-colored Newt Den Yeah I'm super new... I've owned mutual funds within an 401K a few times but have always had to sell it (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043845) |
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Date: December 30th, 2017 3:55 PM Author: Learning Disabled Multi-colored Newt Den Subject: FEEL FREE TO ADD TO THIS (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043978) |
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Date: December 30th, 2017 11:25 PM Author: arousing sienna background story buy whatever blp says to buy. he has a twitter acct. (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35047063) |
Date: December 30th, 2017 3:22 PM Author: Learning Disabled Multi-colored Newt Den Think of prices in Bitcoins rather than ETH. Even though you should transfer in ETH. It's the common currency and probably will always be. (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043691) |
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Date: December 30th, 2017 3:26 PM Author: arousing sienna background story Cr. Do you know what a satoshi is yet? (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043724) |
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Date: December 30th, 2017 3:27 PM Author: Learning Disabled Multi-colored Newt Den Is it 1/1000th or 1/10000th of a BTC? I keep meaning to look it up (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043731) |
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Date: December 30th, 2017 3:36 PM Author: arousing sienna background story Bro don’t start giving advice on crypto if you don’t even know what a sat is yet (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043842) |
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Date: December 30th, 2017 3:38 PM Author: Learning Disabled Multi-colored Newt Den Point taken... this is definitely more of 'lessons learned' kind of post than an actual primer (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043866) |
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Date: December 30th, 2017 3:39 PM Author: Learning Disabled Multi-colored Newt Den The answer to this question (for future readers) is (see below) (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043876) |
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Date: December 30th, 2017 3:57 PM Author: arousing sienna background story bitcoins go out to 8 decimal places.
i.e .00003434
the above is 3,434 satoshis or sats.
if you pay a .0000007 fee to send a transaction you paid a 7 sat fee. |
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Date: December 30th, 2017 4:03 PM Author: Learning Disabled Multi-colored Newt Den (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35044040) |
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Date: December 30th, 2017 6:06 PM Author: frum thirsty haunted graveyard resort 1e-8 brother (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35044984) |
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Date: December 30th, 2017 3:26 PM Author: Learning Disabled Multi-colored Newt Den The fastest way to LOSE money is to change your mind about coins and try to cut your losses when things start turning red and throw your money into something that seems to be streaking up.
If something has had a double-digit growth over the past 24 hours, you're too late.
BUY LOW, SELL HIGH!!!!
MAKE MONEY ON EVERY TRADE
Oh, actually the fastest way to lose money is to buy BitCoin from Coinbase and move it to another exchange. I've been stung for $40 on a $50 trade! |
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Date: December 30th, 2017 3:27 PM Author: arousing sienna background story Ouch! (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043733) |
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Date: December 30th, 2017 3:28 PM Author: Learning Disabled Multi-colored Newt Den I had a 'chat' with the Coinbase bot after that one, I'll tell you what (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043747) |
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Date: December 30th, 2017 3:31 PM Author: arousing sienna background story Lmfao
I bet you told that bot what’s what |
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Date: December 30th, 2017 3:33 PM Author: Learning Disabled Multi-colored Newt Den I looked up mining fee and seethed (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043803) |
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Date: December 30th, 2017 3:56 PM Author: magenta comical giraffe would that fee have been the same had you transferred from gdax instead? (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043984) |
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Date: December 30th, 2017 4:00 PM Author: Learning Disabled Multi-colored Newt Den Dunno. Probably not bc GDax is owned by Coinbase (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35044016) |
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Date: January 3rd, 2018 4:59 AM Author: crimson nighttime legend Last I checked, moving BTC out of GDAX incurs no transaction fee (Coinbase pays it for you), but moving BTC out of Coinbase does. (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35069176) |
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Date: December 30th, 2017 3:31 PM Author: Learning Disabled Multi-colored Newt Den Xoxohth has been the most accurate source of information.
4chan.com/biz will give you ideas but keep in mind you're late to the party...
Twitter is the wild west |
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Date: December 30th, 2017 3:33 PM Author: arousing sienna background story Go do lots of snooping around on telegram, reddit, discord’s till you find ppl who are obviously very smart. Then invite them to a new slack you create. Then you guys can bounce ideas off each other and use your connects to maek it
Just one pumos thoughts |
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Date: December 30th, 2017 3:37 PM Author: Learning Disabled Multi-colored Newt Den That's an excellent idea, thank you! (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043852) |
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Date: December 30th, 2017 3:50 PM Author: Emerald passionate lodge CR on not sell-cucking at the first sign of trouble. As an example, about 6 months ago, I bought SONM and MYST. Missed the first moon on Myst, and made threads for 8 weeks about getting gaped. Never sold either, largely forgot about crypto, aside from checking out my ETH every week or so. This week I checked on shit, and both have pumped up 200-300% from where I originally bought. (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043956) |
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Date: December 30th, 2017 3:54 PM Author: Learning Disabled Multi-colored Newt Den (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35043974) |
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Date: December 30th, 2017 4:04 PM Author: Dark Patrolman https://imgur.com/SF8MzIP (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35044046) |
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Date: December 30th, 2017 4:41 PM Author: arousing sienna background story 180 (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35044369) |
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Date: December 30th, 2017 6:04 PM Author: Learning Disabled Multi-colored Newt Den Take notes and reflect on your trades after each day of trading.
Track what you've done and how much you've spent and how much you've earned. Do it in a consistent format. BTC for example. |
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Date: December 30th, 2017 6:15 PM Author: Aromatic saffron library doesnt make sense to do after each day. this stuff is so volatile you can be up or down 300% after a day. check it after a month. (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35045037) |
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Date: December 30th, 2017 6:19 PM Author: Learning Disabled Multi-colored Newt Den (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35045065) |
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Date: December 30th, 2017 6:30 PM Author: arousing sienna background story lol at that take notes fraudlies. (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35045100) |
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Date: December 30th, 2017 6:53 PM Author: Learning Disabled Multi-colored Newt Den I take notes on each trade describing my rationale for doing so! (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35045219) |
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Date: December 30th, 2017 7:32 PM Author: Emerald passionate lodge At any given time I really have no idea how much my crypto is worth. Its all spread across random wallets and exchanges. I figured out my cost basis yesterday and it took me like 2 fucking hours lol. (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35045466) |
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Date: December 30th, 2017 10:38 PM Author: arousing sienna background story soooooooooo cr the only way to live imo (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35046718) |
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Date: January 3rd, 2018 7:00 AM Author: Charismatic office (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35069276) |
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Date: December 30th, 2017 11:04 PM Author: Self-centered talented useless brakes fat ankles Try the Cryptonomy app for keeping track of your portfolio (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35046946) |
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Date: December 30th, 2017 6:17 PM Author: magenta comical giraffe im new too and the most stinging lesson I've gleaned so far is dont fucking sellcuck when you fall below your target or worse your basis out of fear of being illiquid for the next big thing people are hyping. everything worth gambling on seems to rebound eventually and usually within a couple days
the second most stinging lesson is when you do hit your target and it's not intended to be a longterm hold, have the discipline to sell. |
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Date: December 30th, 2017 6:18 PM Author: Aromatic saffron library (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35045054) |
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Date: December 30th, 2017 6:19 PM Author: Learning Disabled Multi-colored Newt Den (http://www.autoadmit.com/thread.php?thread_id=3844444&forum_id=7#35045063) |