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Beginning Journey into Crypto Currency Investment

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#1
Beginning Journey into Crypto Currency Investment

With the current slump today I think it’s a good time to get in on a relative ground floor for a lot of these tokens.

So here it goes I jumped off the deep end and completely sold out to the Beast. I’m giving my self an allowance of $300 a month to diversify my portfolio into the block chain. Yes we all know where this is going with the dAaps and the Beast Network / skynet , etc.. Anyhoo.

The tokens / coins I like are all in the top ten in regards to market cap. I ‘ve been investing small amounts of money $20-$50 here and there. I’m a little better then even at this point. I was playing around with day trading and prolly lost more then if I would have HODL. Plus the fees from coinbase really cut in to the profits on such small transactions. Realistically though, you need to be up on these markets every day if you want to gain. I would also highly recommend some sort of analytics tracking to see what the profit loss ratio is. I’m keeping terrible statistics, so that’s the next on my todo list.

Don’t get me started on the identity theft waiting to happen with the extreme verification process with some of these exchanges either. Hold your ID up in your webcam next to your face please. At least coin base has some sort of backing with NYSE.


https://www.ft.com/content/b6f63e4c-a0af-11e4-9aee-00144feab7de


Coinbase has become the world’s most well-funded bitcoin company after landing a $75m investment from high-profile backers, including the New York Stock Exchange, Spanish bank BBVA and the former chief executives of Citigroup and Reuters respectively.
So I’ve been using coinbase as a gateway to transfer funds to other exchanges, like Binance. I didnt want my credentials floating around with anyone else besides the banksters. But what if then they all get haxxored?

https://www.wired.com/story/hack-binance-cryptocurrency-exchange/
Binance is one of the world’s biggest cryptocurrency exchanges. As of Tuesday, it’s now also the scene of a major cryptocurrency theft. In what the company calls a “large-scale security breach,” hackers stole not only 7,000 bitcoin—equivalent to over $40 million—but also some user two-factor authentication codes and API tokens.


Theft has long been endemic to cryptocurrency; hackers stole more than $356 million from exchanges and infrastructure in the first three months of 2019 alone,

I’m not dealing with enough funds where any would care about me I think. So, us small time investors should be relativly safe from haxx?”

Any way like I said I sold out to the Beast Network block chain. I guess CERN can make my digital clone based on my internet usage now. If this is the future of transactions then why not understand right? and possibly make a profit on the backs of others. We can reign in the cube for perpetuity with our digital clones. That’s beyond the scope of this article though.

Now I’m looking at putting a decent (for me ) amount of fiat into this venture. I really think the bull is back in town on this one. This is the next phase of the global roll out of the IoT I would assume. They need compute power to do what they want to do? This is how they get it with dApps? If it’s coming why not try to make a profit I suppose. If I’m making a profit every month I’ll keep doing it. If I’m not I can always cash out BTC to APMEX right? If I can paraphrase Tony. “ You can’t bleed a guy all at once, you gotta leave enough flowing to come back next month, and the month after that”.

A Simple & Real-World Example of How Ripple Works

On Jan, 2018, Ripple partnered with MoneyGram (a cross-border money transfer company) who are now using XRP to speed up and reduce the cost of transferring money by using Ripple’s xRapid payment network.


I’m digging on XRP ( Ripple ). I’ve personally seen transaction times transfering funds between Coin base and Binance completed in under a minute. Way faster then BTC. XRP ( RIPPLE ) currently has the 3rd largest market cap behind BTC and ETH. Along with it currently being at a very low price point compared to its previous max up side in the last bull. The fundamentals and use cases are there as well of course. Many high end backers have come forward on this one. If it did go down as some kind of scam I think there would be to much fall out. So in my view this is a very low risk, high reward investment I’m executing at this time.

https://ripple.com/files/ripple_consensus_whitepaper.pdf

Tron (TRX) News: Tron Blockchain Achieved 100 Million Transactions -Sun May 19

By


Andreas Kaplan

Tron (TRX) is one of the best performing digital currencies in the market. It is a decentralized (blockchain) technology that is aimed at creating a free global entertainment platform where users can send, upload, own, publish, and store data. Tron is a non-profit organization and it is situated in Singapore.


Over 90 percent of the trading of Tron takes place on Binance – one of the top digital currency trading platforms in the world. The ambition of the Tron Foundation is to take over the entertainment market that is now valued at the huge number of over $1 trillion.
https://smartereum.com/18631/tron-t...achieved-100-million-transactions-sun-may-19/

Another Token I’m liking is TRX ( Tron ). I don’t care what you say Justin Sun is a media marketing power house and Tron has some strong technical (Technological) fundamentals with it’s Solidity driven blockchain. Also has the most dApps I think at this point, so strong use case. With partnerships with Bittorrent this one can only go higher it looks like to me. It’s also been languishing at it’s lows for a while now. I also think the “interest system” where you get .11%(?) of BTT for your TRX holdings air dropped to you is a fantastic idea.

https://tron.network/static/doc/white_paper_v_2_0.pdf

Of course if your talking about TRX ( TRON ). You have to look at BTT (Bit Torrent Token). With the Tron foundation and/or Justin Sun having interest in both. I think they are tied together in this game. As soon as more web browsers integrate BitTorrent clients with block chain based payment gateways this one is gonna take off I would presume.

https://www.bittorrent.com/btt/btt-docs/BitTorrent_Token_Whitepaper.pdf

I think Stellar Lumens ( XLM ) might be the most direct competitor with Ripple ( XRP ) at this point? Still relatively cheap comparitivly.

https://www.investinblockchain.com/ibm-6-banks-issue-stablecoins-use-stellar-xlm-network/
IBM Working With 6 Banks to Let Them Issue Stablecoins and Use Stellar’s XLM Network

Computing giant IBM, which has carried out several initiatives in blockchain technology, is collaborating with 6 banks to allow them to issue their own stablecoins, while also letting them make use of Stellar Lumen’s XLM token.


The 6 international banks have signed letters of intent and will use IBM’s World Wire, a cross-border payments solution, to offer near instantaneous transactions to their respective customers. IBM’s World Wire runs on the Stellar blockchain, a project co-founded by ex-Ripple co-founder Jed McCaleb.
The banks can also use XLM, Stellar’s native token, as a “bridge currency” when faced with difficulties in trading in fiat.
3 of the 6 banks in the collaboration have been named: Filipino RCBC, Brazilian Banco Bradesco and South Korean Bank Busan.
https://www.stellar.org/papers/stellar-consensus-protocol.pdf

This should not be taken as any kind of investment advice. I’d liken crypto investing to a casino. Remember the house always wins. Only invest what you are prepared to lose. As Gorden Gekko says,
Gordon Gekko Quotes :
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.”

“Wake up, will ya, pal? If you're not inside, you're outside, okay?”
 
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anywoundedduck

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#2
Gold is money.
All the rest is fiat. Be it paper certificates, or a ledger entry into a block chain indexed database.
FIAT! FIAT! FIAT!
Not assets.
Real assets,such as gold and silver.
If you don't hold it you don't own it.
 

Silver

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I wish there had not been so much vocal negativity about Bitcoin when it was discussed here. I remember one guy was giving them away to any member that was interested. They were very cheap, a few bucks each. I didn't understand them then or now, but I considered spending a few hundred bucks and then blew it off.
 

Joe King

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wish there had not been so much vocal negativity about Bitcoin when it was discussed here.
yea, the naysayers really cost some people a good amount of money.


I remember one guy was giving them away to any member that was interested.
the sad thing is that the guy who jumped up to get them never followed through on his end and ended up losing them. When he got them they were worth about $30. Now they are worth just North of $15,000
 
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#5
Gold is money.
All the rest is fiat. Be it paper certificates, or a ledger entry into a block chain indexed database.
FIAT! FIAT! FIAT!
Not assets.
Real assets,such as gold and silver.
If you don't hold it you don't own it.
I agree to some extent. There is at least one commodity, electricity being traded along with these tokens. I would assume. But in the end it's all a facilitation to a better end in some way? Traded 2500 TRX for BTC . Hopefully Bitcoin goes up tomorrow and I'm gonna try to buy something on Apmex with BTC.
 

anywoundedduck

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yea, the naysayers really cost some people a good amount of money.
I will bet I saved people more than those who lost., and was happy to do it. Still am. It's a farce, a modern day tulip scam.
 

Joe King

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I will bet I saved people more than those who lost., and was happy to do it. Still am. It's a farce, a modern day tulip scam.
You nor the other naysayers didn't save anyone anything.
Ever since it was in single digits, there have been many who did nothing but scream and holler at anyone who even expressed interest in it, and there have been several people I have read on here lamenting the fact that one's like you scared them away. Now that thing that was a few bucks is now worth thousand$. Yes, even if they cannot admit it, the naysayers and their irrational fear has cost people on this very forum lots of money.
...and that's a fact.
 

anywoundedduck

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You nor the other naysayers didn't save anyone anything.
Ever since it was in single digits, there have been many who did nothing but scream and holler at anyone who even expressed interest in it, and there have been several people I have read on here lamenting the fact that one's like you scared them away. Now that thing that was a few bucks is now worth thousand$. Yes, even if they cannot admit it, the naysayers and their irrational fear has cost people on this very forum lots of money.
...and that's a fact.
And that is not a fact!
 

anywoundedduck

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The fact is that many lost their ass when Cryptos crashed because of the damn cheerleaders on this forum.
 

anywoundedduck

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If they only sold at the top.
Woulda, coulda, shoulda.
How many cheerleaders were suggesting that Cryptos had run out of gas, and that it might be wise to cash out for a while...I remember no such posts.
In the mean time people like me were telling others that the bottom was going to fall out, because it is a scam, a Ponzi.
 

Merlin

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#11
Not trying to spoil anyone's fun here, but you do know that unless they pay rents (or interest or dividends, etc.), they are not investments but speculations. Keep your heads clear, people.
 

Joe King

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And that is not a fact!
the fact is, when it was far far less than it is today or has been in years, there were people who scared those expressing interest. It is a fact that several people have specifically stated that they shied away from it solely due to the naysayers. Are you saying that they are liars?

On the other hand, I have not read any posts of people here complaining that they were talked into buying it and now regret it.
So in this argument, the evidence is clearly not on your side.

The fact is that many lost their ass when Cryptos crashed because of the damn cheerleaders on this forum.
who lost their ass on it?

The fact is, the naysayers have been actively attempting to scare people away from btc since it was in single digits. That has in fact cost people money.

In fact, someone in this very thread has said so. Where are all the ones complaining that they bought it? I don't see any posts saying that.
 
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#13
Not trying to spoil anyone's fun here, but you do know that unless they pay rents (or interest or dividends, etc.), they are not investments but speculations. Keep your heads clear, people.
Absolutely right I guess I'm speculating that in the short term these will go up more then gold or silver. Although some Tokens liek TRX pay out %.11
"dividend" I guess you could call it in BTT every month. I thought that was good idea on Trons part.

Found this to be interesting with the JPM coin to bad the little guy can't even touch this one.
Definitely speculating most will out perform the USD . Maybe that's why JPM is so into this? Not sure who exactly runs the old ACH system they use to transfer funds now.

https://www.forbes.com/sites/madhvi...pm-coin-is-not-a-cryptocurrency/#76d0893521d1
JPMorgan announced plans to launch JPM Coin on Thursday and expressed love for digital tokens on Valentine’s Day, despite Jamie Dimon having slammed bitcoin as a fraud in the past. JPM Coin, the first cryptocurrency created by a major U.S. bank, will be used to settle payments between clients and the lender will then work to transfer cross-border payments or corporate debt issuance services on to the blockchain - which could make a significant impact on the financial technology, or fintech, industry.


According to CNBC, JPMorgan needed to transfer money at the speed at which smart contracts close rather than relying on old technology like wire transfers. Umar Farooq, head of JPMorgan’s blockchain projects, said: “So anything that currently exists in the world, as that moves onto the blockchain, this would be the payment leg for that transaction. The applications are frankly quite endless ; anything where you have a distributed ledger which involves corporations or institutions can use this.” But is JPM Coin a cryptocurrency?


Each JPM Coin is redeemable for one U.S. dollar which means that it is not as volatile as cryptocurrencies such as bitcoin and is similar to what is referred to as a stablecoin - which JP Morgan has made clear its coin is not. This new digital token will be used international payments for large corporate clients, securities transactions and for larger corporations that use JP Morgan’s treasury services business to replace dollars held in subsidiaries and could perhaps be used for payments on internet-connected devices, according to CNBC.
 

Nomis Elpmis

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#14
BTC is not Bitcoin. BSV is Bitcoin. Satoshi Nakamoto has revealed himself. BSV is a second chance.
 

Nomis Elpmis

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#15
Bitcoin Satoshi's Vision (BSV) promotes itself a being totally compliant with all financial regulation. Says it's protocol is fixed and follows the original intent of the 'Bitcoin White Paper'. This makes it business friendly. Says it's the only one that scales massively on chain using big blocks instead of needing a second layer side chain system for small payments which conflicts with financial regulations. Transactions are almost instant and fees are fractions of a penny. BSV is currently $200, but may replace Bitcoin Core (BTC), which is currently $8000, as the dominant chain. BSV is currently my largest holding based on this information and my own in depth research. A second chance at 100x, 1000x plus gains?
 
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#16
I hope the SEC doesent list TRX as a security.

https://www.binance.com/agreement.html

3. Prohibition of use

By accessing and using the Services, you represent and warrant that you are not on any trade or economic sanctions lists, such as the UN Security Council Sanctions list, designated as a “Specially Designated National” by OFAC (Office of Foreign Assets Control of the U.S. Treasury Department) or placed on the U.S. Commerce Department’s “Denied Persons List”. Binance is unable to provide services to any U.S. person. Binance maintains the right to select its markets and jurisdictions to operate and may restrict or deny the Services in certain countries at its discretion.