Basic of Cryptocurrency Trading

Rob Hunsons

8 years ago

The first one is a King BTC for sure.

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grafx77

8 years ago

[DELETED]

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willington

8 years ago

What kind of crypto are you looking for? There are lots of Crypto launching everyday and people are investing their money in order to get return feedback.

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Kay King

8 years ago

OP left right after posting this thread - and has not returned since. Maybe found a crypto forum?

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OptedIn

8 years ago

Originally Posted by Kay King

OP left right after posting this thread - and has not returned since. Maybe found a crypto forum?

Maybe they bought some crypto and had to sell their computer to get money for food.

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discrat

8 years ago

Originally Posted by OptedIn

Maybe they bought some crypto and had to sell their computer to get money for food.

There is nothing to be shameful about Ignorance. Iam ignorant about many things as EVERY human being in this World is. We can't know everything !

However, it's a whole different ballgame to keep overtly spouting off the "ignorance" as if you actually know anything about the Subject.

For example ,could you explain in detail to me why the 'pump and dump' hype of Cryptocurrency could potentially be " nullified" by the extraordinary technology that is actually behind Cryptocurrencies like Bitcoin and Steem ??

Please enlighten us lol

That's what I thought...crickets.....and basically you're just another person who jumps on the bandwagon believing that "since everybody is saying it's all hype then it just has to be" lmao

Educate yourself and do your homework !! After all I think I would trust Gate's and Zukerberg's opinion on the legitimacy of the technology behind Crypto ( Yes, they are fully behind it) before listening to you. You have heard of those two schmucks before haven't you ??

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OptedIn

8 years ago

Originally Posted by discrat

There is nothing to be shameful about Ignorance. Iam ignorant about many things as EVERY human being in this World is. We can't knoew everything !

Who's this, "We," you speak of? Is there a mouse in your pocket?

No shame in ignorance? Really? Does that include willful ignorance?

However, it's a whole different ballgame to keep overtly spouting off the "ignorance" as if you actually know anything about the Subject.

Well, we do see a great deal of that, here. I see people that know very little posting as if everything they say is fact and consider themselves 'under attack' if you don't subscribe to what they so ignorantly spew. (See what I did, there?)

Personally, I may not know everything about everything, but I at least know a little about most things that are discussed on this forum and if I don't, I don't chime in.

As far as crypto goes, I read about it every day, from many sources, to assure that I'm not ignorant on the subject. It's what allows me to be profusely cynical and skeptical. No matter what I read and no matter where I read it, I come away knowing that I at least know the only thing one needs to know to be safe. "Danger, Will Robinson."

The only people who are going to get rich from Bitcoin are those in a position to take advantage of the truly ignorant. There's a sucker born every minute. Those people are the willfully and blissfully ignorant folks I was referring to.

Good night.

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discrat

8 years ago

Originally Posted by OptedIn

Who's this, "We," you speak of? Is there a mouse in your pocket?

YOU with ALL capitalization and huge bold font lol

Originally Posted by OptedIn

As far as crypto goes, I read about it every day, from many sources, to assure that I'm not ignorant on the subject. It's what allows me to be profusely cynical and skeptical. No matter what I read and no matter where I read it, I come away knowing that I at least know the only thing one needs to know to be safe. "Danger, Will Robinson."
.

LOL....You still are showing the extreme ignorance you have but are too proud to admit. If you read anything at all about Crypto (EVERYDAY as you purport lol) then you would have at least been able to name the revolutionary technology behind Crypto.

The fact is you cannot even name it ( hurry and go google it lol) ..let alone describe how revolutionary it is to a degree that Bill Gates and Mark Zuckenberg are behind it.

And you have the gonads to say this .

Originally Posted by OptedIn

"I see people that know very little posting as if everything they say is fact and consider themselves 'under attack' if you don't subscribe to what they so ignorantly spew.

I put you at the top of the totem pole for that concerning this Subject matter LOL :>)

P.S. BF, the fact that I don't have a dog in this fight and don't have any ulterior motives to try to convince people to go with some program Iam promoting or be a part of something Iam doing ...well that's a pretty good indication that you may want to delve a little deeper and learn a little more about all this and maybe 'eat crow' a little more readilly instead of spewing the ignorance you have in the past year or two concerning this subject matter

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OptedIn 8 years ago

Originally Posted by discrat

[you may want to delve a little deeper and learn a little more

You'd think so, but you'd be completely wrong, as usual. Like I said, I know all I need to know on the subject. lol

Additionally, everyone knows that the "underlying technology" is bok choy.

Get a life!
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Marx Vergel Melencio

8 years ago

Originally Posted by discrat

However, it's a whole different ballgame to keep overtly spouting off the "ignorance" as if you actually know anything about the Subject ..... and basically you're just another person who jumps on the bandwagon believing that "since everybody is saying it's all hype then it just has to be"

You should be used to this ruthless, dismissive attitude by now.
Or this lazy, misinformed one-way thinking.
Especially here in the WaFo.

If they get burned, then it's bad. If they get burned bad, then it's hype.
This happens with the shiny object thing in the WSO. Very similar to new crypto projects.

If something isn't aligned to their expertise, then it's bad. If they don't have the chops to acquire the right knowledge just yet, then it's hype.
Again, just like what's happening in the WSO. And in the main forum here.

Many here just choose sides. If they don't know anything just yet, then they choose a side and learn that. Without learning anything about the other side.
This one here sounds like it's just their personality. Something they've built, probably without their knowledge, throughout the years.
And we all bump into them. Time and again. Especially here. More so in the main forum.

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discrat

8 years ago

Originally Posted by Marx Vergel Melencio

.

If something isn't aligned to their expertise, then it's bad. If they don't have the chops to acquire the right knowledge just yet, then it's hype.

This one here sounds like it's just their personality. Something they've built, probably without their knowledge, throughout the years.
And we all bump into them. Time and again. Especially here. More so in the main forum.

I think it's just the curmudgeon and his old age and realizing the train is leaving him behind lol. As well as laziness and misinformation.

What's scary is we have other members who listen to his nonsense and ignorance and take it as gospel instead of doing the research and homework themselves. Kind of like the warriors who come on here and say List Building is dead. ( Very dangerous stuff)

WARNING : But I will say this .... Do not invest in Crytpo until you have done thorough research on it as well as the particular Coin you are looking at . It is not for everyone. Do not commit more than you can afford to lose. PERIOD !! And base your investing on the Technology and potential of Crypto and not the up and downs of price fluctuations

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Marx Vergel Melencio

8 years ago

Originally Posted by discrat

I think it's just the curmudgeon and his old age and realizing the train is leaving him lol. As well as laziness and misinformation.

I assume you're talking about OptedIn? Well I don't know him enough to be in any position to say anything about him.

Originally Posted by discrat

And base your investing on the Technology and potential of Crypto and not the up and downs of price fluctuations

But I continue to earn good revenues from crazy fluctuations. Though I agree that this isn't for everybody, for sure.
And I do that because I'm already in the middle of a blockchain dev't project with burning and minting protocols -- I'm trying to solve the three main problems of farmers here in the Philippines.
That's access to reasonable direct credit resources. And to direct independent transpo facilities. And to direct independent retailers.

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discrat

8 years ago

Originally Posted by Marx Vergel Melencio

I
And I do that because I'm already in the middle of a blockchain dev't project with burning and minting protocols -- I'm trying to solve the three main problems of farmers here in the Philippines.
That's access to reasonable direct credit resources. And to direct independent transpo facilities. And to direct independent retailers.

Wow Max, that is absolutely fascinating and cutting edge stuff.

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Marx Vergel Melencio

8 years ago

Originally Posted by discrat

Wow Max, that is absolutely fascinating and cutting edge stuff.

Hoping that this could really help farmers here.

Similar to another project -- These burning and minting protocols are based on the quantity theory of money, as mentioned in monetary economics.
These cryptographic propositions are for possibly preventing total supply movement from causing inflation and valuation changes.
...

This theory is MV = PT. M is total money supply. V is velocity of money. P is average price. And T is transaction volume.
As an assumption of the economic model, a money supply increase should with a constant velocity and transaction volume result to inflation and devaluation moving forward.
...

But this could likely be resolved by cryptographically hiding the total supply and current velocity at any given time, among a few other things.
These burning and minting protocols can then allow free moving fluctuations even if there's a fixed total supply to keep starting price at a minimum value.
That's because the coin can't be valued based on total supply and / or on velocity alone.
...

For example, let's say a lender burns 10 of his coins at current 10 USD value so as to put it in the collective credit pool.
But when valuation becomes 5 USD later on, the farmer who borrows it has the option to mint this back and get 20 coins.
So it'll still be worth 10 USD at any point in time, as long as it's in a burned state. And it'll be subject to price fluctuations, as long as it's in a minted state.

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tagiscom

8 years ago

Originally Posted by Marx Vergel Melencio

Hoping that this could really help farmers here.

Similar to another project -- These burning and minting protocols are based on the quantity theory of money, as mentioned in monetary economics.
These cryptographic propositions are for possibly preventing total supply movement from causing inflation and valuation changes.

For example, let's say a lender burns 10 of his coins at current 10 USD value so as to put it in the collective credit pool.
But when valuation becomes 5 USD later on, the farmer who borrows it has the option to mint this back and get 20 coins.
So it'll still be worth 10 USD at any point in time, as long as it's in a burned state. And it'll be subject to price fluctuations, as long as it's in a minted state.

So that means that the poor farmer puts in the equivalent to $1000 US, and it may drop to $700 a few days later, or if he does it a burned state he has a currency that is still worth $1000, but if he needs the cash he has to hope that the body governing the transaction will honor the frozen amount.

Sounds similar to Margin accounts with certificate stocks, or it doesn't matter how many you research, when you type in "honest review" there is a trail of s***t.

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Marx Vergel Melencio

8 years ago

Originally Posted by tagiscom

So that means that the poor farmer puts in the equivalent to $1000 US, and it may drop to $700 a few days later, or if he does it a burned state he has a currency that is still worth $1000, but if he needs the cash he has to hope that the body governing the transaction will honor the frozen amount.

No. It isn't that simple.
But remember, what I intend to solve are the three main problems of farmers here.
Again, these are:

• Access to Reasonable Credit Resources -- Majority of independent farmers here pay up to 40% monthly interests from loan sharks. Because those are the only resources they have. And this is why the average per rice kilo production cost here is 0.30 USD. As opposed to 0.19 USD in India and 0.11 in Vietnam;

• Access to Independent transporters -- Majority of independent farmers here don't have that much choices on which retailer to sell to. So big business retailers that have transport resources command the price most of the time. This further increases retail market prices here. It's silly. Especially when compared to our Asian neighbors; and

• Access to Independent Retailers -- Similar issues mentioned above ...

>> So to do these things, a cryptographically secure, transparent blockchain needs to be developed with stable value coin ...
>> And day traders should be welcome additions to the entire network. Only possible when you have an option for them to allow their minted coins to be exposed to crypto market fluctuations ...
>> That's why two blockchains need to be developed, working together ...

• And the objective is to create a grassroots community of independent farmers (think Alibaba wholesalers), independent transporters (think Uber), independent retailers (think Amazon vendors) and both independent lenders (individual lenders, like anyone with even just 1 USD) and government-accredited lending groups (including government offices themselves) ...

And now, let me try to clearly explain the intended system for you:
Note: Of course, this still needs polishing, as it's an ongoing R&D project that I'm doing for our government ...

Farmers don't put anything in the collective credit pool. That's the job of lenders.
Lenders are individuals, independent retailers, independent transporters, government offices, social welfare agencies, commercial groups and so on, here and abroad.
...

And lenders can only put in burned coins that have fixed fiat backing into the collective credit pool.
...

Farmers can on the other hand access a certain limit of credits once they're vetted by a local government unit or an accredited social welfare agency as being capable of harvesting and preparing the produce equivalent to their borrowed funds (of course at basic production price, but their borrowed funds include their mark-up rates).
They can then use these borrowed funds to buy from accredited suppliers of raw materials and services.
They can also use their mark-up prices to exchange these for fiat at the exact value when they borrowed it, of course for their living expenses.
...

Any transporter that can accommodate the produce of a farmer in the farmer queue pool can then be matched to a farmer, based on ideal location.
Transporters can only join the transporter queue pool once they stake the price of the produce they're buying from matching farmers in the farmer queue pool (at the farmer's marked-up prices).
...

The transporter then needs to be matched to a retailer, based on ideal location.
Similar to the transporter, retailers also need to stake the price of the produce they're buying (at the transporter's marked-up prices).
...

So lenders get paid the principal along with the interest from these transactions.
These are automatically deducted from these transactions and sent back to each lender.
...

As you can see, this can also promote transparency.
In all levels of the production and retail marketing chain.
Hoping to polish this up to really provide value to farmers here.
I also intend this to create opportunities for independent transporters and independent retailers here.
All while significantly reducing the price of produce for end buyers and at the same time increasing the profits of independent farmers here.

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tagiscom

8 years ago

Originally Posted by Marx Vergel Melencio

No. It isn't that simple.
But remember, what I intend to solve are the three main problems of farmers here.
Again, these are:

• Access to Reasonable Credit Resources -- Majority of independent farmers here pay up to 40% monthly interests from loan sharks. Because those are the only resources they have. And this is why the average per rice kilo production cost here is 0.30 USD. As opposed to 0.19 USD in India and 0.11 in Vietnam;

• Access to Independent transporters -- Majority of independent farmers here don't have that much choices on which retailer to sell to. So big business retailers that have transport resources command the price most of the time. This further increases retail market prices here. It's silly. Especially when compared to our Asian neighbors; and

• Access to Independent Retailers -- Similar issues mentioned above

So it sounds like a new spin on the rich, sharing the risk when investing in sailing ships to bring back precious cargo from far away lands.

Probably need some iron clad group behind the deal, (big bank or gov, body with a half decent track record).

Sounds like a good idea in principle, but if Crypto, plunges too much or too often, then investors may become jittery seeing that their profits are being eaten up by volatility, and start pulling out, hence gov, backing, (gov, guarantee) may be required.

Good luck with it, it should give the farmers some relief for as long as Crypto, remains reasonably stable.

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OptedIn

8 years ago

Originally Posted by Marx Vergel Melencio

Hoping that this could really help farmers here.

October 29, 2018

Bitcoin is actually going to ruin the world, climate scientists say!

Bitcoin requires electricity to exist, lots of it. Here's why that's bad news for our planet.

Bitcoin is a currency that doesn't rely on cash, but it does use electricity. That could spell disaster.
That's according to a team of scientists from the University of Hawaii, who found that the software-based form of money uses so much electricity it could push global temperatures up by 2 degrees Celsius before the year 2048 if it grows in popularity. The scientists published their research in a paper in Nature on Monday.

It's the most recent piece of analysis to assert that bitcoin is bad for the environment. Mother Jones wrote in December that one bitcoin transaction consumes as much electricity as a household does for a whole week. Environmental publication Grist wrote last year that "bitcoin is slowing the effort to achieve a rapid transition away from fossil fuels."

It's also not the first cryptocurrency accused of causing problems with the sheer amount of processing power -- and thus electricity -- required to use it. Hackers often use malicious software to trick unsuspecting internet users into mining the cryptocurrency Monero on their computers, sometimes causing other programs to grind to a halt and the computer's fan to kick into lift-off mode.

Here's why bitcoin creates carbon emissions. Computers create new bitcoins by running software that taxes processors and draws large amounts of electricity. Each transaction carried out with bitcoin also draws electricity. The amount of electricity each bitcoin transaction uses is especially large considering the small proportion of cryptocurrency transactions that are made with bitcoin, the scientists wrote.

"The environmental concern regarding bitcoin usage arises from the large carbon footprint for such a small share of global cashless transactions, and the potential for it to be more broadly used under current technologies," the researchers, an interdisciplinary team of scientists from the University of Hawaii, wrote in their paper.

Right now bitcoin emissions aren't bringing the apocalypse, but the real problem would be if bitcoin became even more popular, the researchers wrote.

"[O]ur analysis suggests that if its rate of adoption follows broadly used technologies, it could create an electricity demand capable of producing enough emissions to exceed 2 degrees Celsius of global warming in just a few decades," the study's authors wrote.
A rise in temperature of 2 degrees Celsius is important because that's the threshold at which scientists expect climate change to cause devastating and irreversible effects on the planet.

# # #

This is brought to you by the guy who doesn't read at least one article regarding cryptocurrencies, every Monday through Friday. I take the weekends off as I have many other sources of humor on those days.

Enjoy - and deflect!

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Marx Vergel Melencio

8 years ago

Originally Posted by OptedIn

This is brought to you by the guy who doesn't read at least one article regarding cryptocurrencies, every Monday through Friday.

Realistically correct. Technically accurate.
But still limited. And misinformed because of that. And simultaneously under-informed.
At the same time?

...

You can read up on PoS (proof of stake) if you have time.
Or even combined PoW (proof of work), data storage cryptography and PoS.
And can also expand your reading outside bitcoin among other PoW cryptos.
...

A blockchain network, even two, can function without consuming that much power resources.
That's why I'm building solar-powered, energy-efficient devices for this government-funded project of mine.
Along with my other solar-powered, government-funded projects for developing wearable AI for the blind. And the deaf.
...

Now to shed some light on my current blockchain project.
Don't know why I'm doing this though. Guess I'm bumming it out and have nothing to do at the moment. LOL!

...

My project's as simple as a crowdlending network that uses the blockchain.
But integrates data storage cryptography and PoS cryptographic technology to become a trust-less, fiat-backed transparent production and retail marketing chain.
...

Yeah. I think I'm a geek.
...

Consider credits as PayPal funds with fiat backing.
Now consider an optional way for day traders to join the network and optionally subject their funds to crypto market fluctuations.
...

My main objective is to create a grassroots community of independent players, government offices, social welfare organizations and commercial groups.
Farmers. Transporters, Retailers. Lenders. Day traders.
...

Anyway, I'll see what happens.
After all, it's still a peer-reviewed, government-funded R&D project at the moment.
And not a WaFo-reviewed one. LOL!

...

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OptedIn

8 years ago

Originally Posted by Marx Vergel Melencio

Realistically correct. But still limited. And misinformed because of that.

I'll be sure to let the author of the article know that. Perhaps he'll pass your evaluation on to the scientists involved in the research.

You can read up on PoS (proof of stake) if you have time.
And can also expand your reading outside bitcoin among other PoW (proof of work) cryptos ...

Well, not to be anything other than honest, of course I'm aware that the possibilities are endless and could be transformational, but that doesn't assure that they ever will be. I'll pass on delving deeper into the subject matter since I actually don't have the time. I can easily ascertain that you have a high degree of knowledge on the subject matter and would never attempt to refute your claims or denigrate your project - nor would I tacitly agree that it's achievable, as beneficial as you envision it to be or not without it's own intended consequences, which are a simple fact of life.

A blockchain network, even two, can function without consuming that much power resources.

A relative term that requires quantification to be regarded as fact. You know this.

That's why I'm building solar-powered, energy-efficient devices for this government-funded project of mine. Along with my other solar-powered, government-funded projects for developing wearable AI for the blind. And the deaf.

Impressive goals that I wish you nothing but as much success as is currently achievable.

Now to shed some light on my current blockchain project ...

It's as simple as a crowdlending network that uses the blockchain.
But integrates PoS cryptographic technology to become a trust-less, fiat-backed transparent production and retail marketing chain.

Way above my pay grade and level of knowledge or understanding.
...

Consider credits as PayPal funds with fiat backing.
Now consider an optional way for day traders to join the network and optionally subject their funds to crypto market fluctuations.

I may not know much about this, but common-sense alone has red flags waving at me.

My main objective is to create a grassroots community of independent players, government offices, social welfare organizations and commercial groups.
Farmers. Transporters, Retailers. Lenders. Day traders.

Sounds rather ambitious, and while I personally find the most daunting of challenges to be the most satisfying when achieved, I'm also a pragmatist and a realist. It's important to know one's limitations and to acknowledge that we all have them. Just my 2¢ - but that's in legal tender. It has value - today. lol

Anyway, we'll see what happens.
After all, it's still a peer-reviewed, government-funded R&D project at the moment.
And not a WaFo-reviewed one. LOL!

Well, obviously, anything that I may think or say should be meaningless to you as you pursue your dream and I'm not using the word disparagingly. Heaven knows I never give a hairy-rats behind about what the unwashed masses have to say about anything I do. The fastest way to get me to tackle a project is to use those three little words that always motivate me. "Can't be done!!!"

While I will always believe, based on what I have read on a daily basis for the past year, until someone can change my mind with fact and not fiction, that cryptocurrencies are nothing more than a scam - I will readily conceive that the blockchain technology has the potential to revolutionize diverse aspects of commerce and society in general with a very far reaching impact.

That said, to not be cognizant of the fact that it is NOT without its own set of potential problems and unforeseen negative impacts on commerce and society is simply nothing more an unwillingness to recognize reality - and that is fraught with its own set of problems.

Either way, I wish you massive success with your project as it pertains to improving the lives of those with physical challenges. The rest of it, I'm not in a position to evaluate, one way or another. I'm willing to give you the benefit of the doubt, based upon what you have intelligently communicated, so yeah, much success there, also. Just don't go screwing up the world. I can easily find out where you live. :-)

I have always believed as I moved along my life's journey that the day would come when I would encounter someone much smarter than me. It has taken decades to reach that point, but you win. :-)

Only as it pertains to this subject matter, of course. Everything else, in life - not so much. lol

Cheers.

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Marx Vergel Melencio

8 years ago

Originally Posted by OptedIn

Well, not to be anything other than honest, of course I'm aware that the possibilities are endless and could be transformational, but that doesn't assure that they ever will be. I'll pass on delving deeper into the subject matter since I actually don't have the time. I can easily ascertain that you have a high degree of knowledge on the subject matter and would never attempt to refute your claims or denigrate your project - nor would I tacitly agree that it's achievable, as beneficial as you envision it to be or not without it's own intended consequences, which are a simple fact of life.

Thank you. Yes, I certainly agree. That's why my work on this is still R&D at the moment.
I just hope this evolves into something that can truly make a difference. And I welcome all criticisms politely, as much as I can.
That's 'cause it's an effective way to re-check and validate one-sided ideas. Always a good thing in R&D projects, in my opinion.
...

Originally Posted by OptedIn

Impressive goals that I wish you nothing but as much success as is currently achievable.

Thank you. Much appreciated.
Working really hard to make this happen. If it doesn't, then I just discovered particular ways that should be avoided in future projects.
But I'd still consider it as expensive mistakes, nonetheless.
Though a fair price to pay for wisdom. Any time of the day.
...

Originally Posted by OptedIn

I may not know much about this, but common-sense alone has red flags waving at me.
Sounds rather ambitious, and while I personally find the most daunting of challenges to be the most satisfying when achieved, I'm also a pragmatist and a realist. It's important to know one's limitations and to acknowledge that we all have them. Just my 2¢ - but that's in legal tender. It has value - today. lol

While I will always believe, based on what I have read on a daily basis for the past year, until someone can change my mind with fact and not fiction, that cryptocurrencies are nothing more than a scam - I will readily conceive that the blockchain technology has the potential to revolutionize diverse aspects of commerce and society in general with a very far reaching impact.

That said, to not be cognizant of the fact that it is NOT without its own set of potential problems and unforeseen negative impacts on commerce and society is simply nothing more an unwillingness to recognize reality - and that is fraught with its own set of problems.

The rest of it, I'm not in a position to evaluate, one way or another. I'm willing to give you the benefit of the doubt, based upon what you have intelligently communicated, so yeah, much success there, also. Just don't go screwing up the world. I can easily find out where you live. :-)

I have always believed as I moved along my life's journey that the day would come when I would encounter someone much smarter than me. It has taken decades to reach that point, but you win. :-)

Only as it pertains to this subject matter, of course. Everything else, in life - not so much. lol

I find real knowledge and substantial learning in wisdom. That's the main reason why I'm not quick to judge. Especially when the subject of age comes along.
Which I equate to wisdom. In every sense of the word.
...

I recognize wisdom, regardless of profession. Of expertise. Of status.
Because I know for a fact, despite my amateur stay in this world, that experience teaches me things that I wouldn't be able to learn on my own. Until I reach a similar point in my life.
...

Originally Posted by OptedIn

Either way, I wish you massive success with your project as it pertains to improving the lives of those with physical challenges.

I think (and am almost sure) that you turned off seeing sig links; and
For your entertainment, found below are the current status of my projects for the blind and the deaf, in action (mods, if this isn't allowed, please feel free to delete them, but just to say, I'm not selling them):

https://www.youtube.com/watch?v=NIZj7IW-FDk?rel=0

https://www.youtube.com/watch?v=ZKyBpG97Y-0?rel=0

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OptedIn

8 years ago

Originally Posted by Marx Vergel Melencio

Especially when the subject of age comes along. Which I equate to wisdom. In every sense of the word.

Oh, my. You really need to reconsider that mindset. Most of my friends are people that have been in my life since we were in our teens. Regardless of how much I love them, I'd be less than honest if I said that most of them have gained any substantial amount wisdom over the years. Apparently, they believe I have, as I seem to be the 'go to' guy whenever any of them have an issue that places them in a quandary.

Most of them have repeated the same mistakes in life, too many times to count. To have had to deem many of them as 'helpless and hopeless' does not bring me any joy or smug satisfaction. It pains me.

I recognize wisdom, regardless of profession. Of expertise. Of status.
Because I know for a fact, despite my amateur stay in this world, that experience teaches me things that I wouldn't be able to learn on my own. Until I reach a similar point in my life.

Wisdom comes from recognizing, battling and defeating life's greatest challenges. It's an unintentional byproduct of character building brought about by the aforementioned process. Wisdom can also be gained by paying close attention to those who have gone before us, made most of life's major mistakes and formulated common-sense solutions to overcome them, move past them and hopefully, never repeat them. The problem with that is, no one ever listens. That's why my friends keep falling into the same self-destructive traps.

While I don't know any young people to whom I would ever ascribe the term 'wise.' I know many older people that have never punched their wisdom ticket. Wisdom does come with age, but age does not guarantee wisdom.

Cheers.

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Marx Vergel Melencio 8 years ago

Originally Posted by OptedIn

Oh, my. You really need to reconsider that mindset.

Yeah. Sounds just about right.
Seems I've only come to meet friends whose age have turned them wiser.
Even in the tiniest things where they unknowingly share their wisdom with me.
A simple story of experience can turn into a fascinating narrative, full of learning. Well at least for me.
...

Originally Posted by OptedIn

The problem with that is, no one ever listens. That's why my friends keep falling into the same self-destructive traps.

I think that's because people can never be taught? Learn, well yes. Taught? No.
...

Originally Posted by OptedIn

Wisdom does come with age, but age does not guarantee wisdom.

True. But often, I confuse age with experience. And with any experience comes a lesson, whose value I guess is in my perception.
...
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OptedIn 8 years ago

Originally Posted by Marx Vergel Melencio

I assume you're talking about OptedIn? Well I don't know him enough to be in any position to say anything about him.

Why would that stop you? It's an Internet forum. You can say anything you like, but it's still meaningless. lol
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- Marx Vergel Melencio 8 years ago
  
  Originally Posted by OptedIn
  
  You can say anything you like, but it's still meaningless.
  
  Like what you just did there? Nah! That's. Exactly. Why. LOL!
  
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Obermair

8 years ago

I would suggest that you take some time and learn what crypto currencies are.. you can find classes on Udemy usually for free if you google for a free coupon. Just racing out and purchasing cryptos makes no sense. They have different uses.

Bitcoin is focused on being a transactional coin - that is you can buy stuff. In theory since there are a limited number of coins (21m) and it takes an effort to mine these coins (answering mathematical problems), then they have a perceived value. If you could create an endless number of Bitcoins, then they wouldn't have any perceived value. Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. While the Bitcoin blockchain is used to track ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running the programming code of any decentralized application.

There are many other coins or tokens. Many were derived from Initial Coin Offerings (ICOs) in which a company is creating a blockchain based business solution and the token provides certain value within the business process. That is, it doesn't link to ownership in the business, but rather might provide the value of a shipment or a contract. Personally I am not overly excited with ICOs since I would rather have a stake in the business and not an activity token.

Simply said, this is a fairly complex space to invest in outside of Bitcoin which in theory could be defined as digital gold. That is, limited supply, a cost to 'mine', no counter party risk, easily split into smaller valued pieces and cannot be (easily) destroyed (gold can lie at the bottom of the ocean for 100s of years and then pop up good as new).

Go and learn about what you are investing in before you just jump in! That is good advice for all investments whether cryptos, real estate, stocks etc...

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tagiscom

8 years ago

Originally Posted by Lucy Roberts

Hello friends.

I was just going through surffing and i found cryptocurrency trading which is interesting. There are so many crypto coins available but i dont know which is best one. I want to know more about coins and trading.
Please do help.

Ok, l thought that you said suffering, my mistake carry on.

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OptedIn 8 years ago

Originally Posted by tagiscom

Ok, l thought that you said suffering,

That comes later!
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Marx Vergel Melencio

8 years ago

Lucy,

Choose two trading platforms. I use TradeOgre and Cryptopia.
Check back from time to time. Without messing up anything you're doing right now.
-- Significant price changes are from 09:00 to 17:00 GMT+8 (Asia) and GMT-4 (North America & EU).
...

Create a spreadsheet. Take note of coins with largest trading volume and crazy market price changes.
-- Also take note of price differences between your two platforms.
...

Do this for two weeks or so.
-- You'll know what to do next. Otherwise, it's likely that crypto trading isn't for you.

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whateverpedia

8 years ago

Originally Posted by Marx Vergel Melencio

Lucy,

Choose two trading platforms. I use TradeOgre and Cryptopia.
Check back from time to time. Without messing up anything you're doing right now.
-- Significant price changes are from 09:00 to 17:00 GMT+8 (Asia) and GMT-4 (North America & EU).
...

Create a spreadsheet. Take note of coins with largest trading volume and crazy market price changes.
-- Also take note of price differences between your two platforms.
...

Do this for two weeks or so.
-- You'll know what to do next. Otherwise, it's likely that crypto trading isn't for you.

As noted above, the person who started this thread hasn't been back since she posted the question.

Also note that EU is not -4 GMT. It ranges from +2 to actual GMT.

I'm thinking that no-one should take any advice at all from someone who thinks Europe is in the same time zone as North America.

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Steve B 8 years ago

Originally Posted by whateverpedia

I'm thinking that no-one should take any advice at all from someone who thinks Europe is in the same time zone as North America.

Not only that . . . this is exactly the type of thread that degrades this forum. We're hear to discuss Internet marketing. The OP, it seems, was here to post her spam (assuming that the poster really was a "she" - and there's no guarantee of that). Even though this is the "anything goes" forum, I personally don't believe that includes spam.

How many hours are wasted by all the readers of similar type threads?

How many hours are wasted by all the posters to these threads?

Yes, some will make the argument that you simply bypass all such threads. Often, however, you don't know what is to be bypassed and what is legitimate until you spend X amount of time reading the OP's post and at least some of the responses.

Yes, it is difficult for admins to know what is legitimate and what isn't. It's one of the reasons why running a forum is no easy task in this day and age where spammers are everywhere.

Steve
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- Marx Vergel Melencio 8 years ago
  
  Originally Posted by Steve B
  
  Yes, it is difficult for admins to know what is legitimate and what isn't.
  
  Yeah. Right. Admins never manage to do enough. Spammers beat most of them. Hands down. All over the Web. Especially in places where marketers sell info products and coaching sessions and MMO email ad placements to other marketers. Tell me something I don't know.
  
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Marx Vergel Melencio 8 years ago

Originally Posted by whateverpedia

Also note that EU is not -4 GMT. It ranges from +2 to actual GMT.

My bad. Should've been clearer. GMT-4 to GMT+8. To cover relevant countries in North America, the EU and Asia.

Originally Posted by whateverpedia

I'm thinking that no-one should take any advice at all from someone who thinks Europe isin the same time zone as North America.

If the OP doesn't know how to make a Google search or a SIRI query to verify a simple thing like this, then crypto will definitely be totally out of his or her league.
So think again. Especially if that's your concern. Come to think of it, think all you want. LOL!
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tagiscom

8 years ago

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Marx Vergel Melencio

8 years ago

Tagiscom,
Would you be kind enough to put some alt text? I assume you posted an image and nothing else?
I can't even download your image for my AI to describe it to me (it doesn't appear as a graphical element that my screenreader recognizes, so I can't do any action).
I'm completely blind. In most cases, I'd call you out as rude. Especially since it's 00:37 here. And everybody around me here is sleeping. So nobody's up to assist me.
But I guess I'd just call this misinformed communication for now.

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DWolfe

8 years ago

Originally Posted by Marx Vergel Melencio

Tagiscom,
Would you be kind enough to put some alt text? I assume you posted an image and nothing else?
I can't even download your image for my AI to describe it to me (it doesn't appear as a graphical element that my screenreader recognizes, so I can't do any action).
I'm completely blind. In most cases, I'd call you out as rude. Especially since it's 00:37 here. And everybody around me here is sleeping. So nobody's up to assist me.
But I guess I'd just call this misinformed communication for now.

It's a picture of a cat in snow. Your not missing anything of important.

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Marx Vergel Melencio 8 years ago

Much appreciated, DWolfe.
Sorry Tajiscom -- Paranoid thoughts. My bad.
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- tagiscom 8 years ago
  
  Originally Posted by Marx Vergel Melencio
  
  Much appreciated, DWolfe.
  Sorry Tajiscom -- Paranoid thoughts. My bad.
  
  Quite alright, that was a cut and paste, and the one above is more involved.
  
  There are a few things here that are beyond discussion, but humor isn't one of them.
  
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Princess Balestra

8 years ago

My problem with CRYPTOCURRENCY is its willingness -- as espoused by its adherents' entreprenoorially proto-orgasmic promo showtime -- to masquerade as a breakthru option for shit we already got.

Exchange is forevah exchange.

How complicated you wanna make this?

tbh I been asked to write for crypto guys plenty times but I always gotta figure a whole buncha domestic stuffs first.

1) Stickin' a spanner inya ass steada figurin' spanner stuff is no way to get pumped.

2) Plz can you be brief with your brief bcs tbh I can't rocket yr shit out there less'n you certain yrself what this actschwlly IS.

3) I ain't intrested in whatchyoo STOLE, nor whereya wanna hide the f*cker.

Am I wrong in thinkin' most people jus' wanna hand over agreed amountsa dollars for agreed amountsa stuff?

Any levelin' up on that essential deal gotta be an eager & incisive eye for WHAT prolly worth WHAT.

Soon as anywan persuades Moi how this CRYPTOCURRENCY deal gonna figure for noo moms with kids, seniors treadin' familiar haunts for their favo stuffs, an' centennials demandin' practically evident bang for buck in a world they priced the f*ck outta ... plz call an' I will happily write out yr shit.

My only conditions are:

1) I get paid 100x the gowin' rate for potentially breakthru stuffs, seein' how you claimin' to revolootionize the planet & shit ...

2) Payment is cash plz. Or mebbe hair products ... or on-demand guys whose valley-like sternums I can slither my tongue along for 5 mins whenevah I feelin' stressed.

Plus also ... can we mebbe sumtime figure a secure purse?

I ain't nevah carried a wallet evah -- an' if my financial security gotta depend on protectin' my essential means of storage & exchange from harm it don't currently figure, can I mebbe be sure that when I open up my modest vestibule an' figure the small change clanksyin' around therein, my fortune-as-currency got sum kinda value in a system seems more geared up for Dark Web Swankisti thrivin' on a covertly Big Bucks Only ticket?

Your Happnin' Bitz. My Promo Titz.

As the revolutionary fireworks fizzle on time's unfolding panorama, now may be the perfect time to fire up your crypto shoutout for max effect.

Startup is easy. Results are guaranteed.

All you gotta do is convince Princess Balestra your crypto initiative is worth her time.

Over, say ... luxury clothin' for stoopid pets or miscellaneous spazzcraft tba.

Special Offer for Decembah

Convince me my Mom won't pull the classic HORROR MOVIE SLASHER IS IN MY APARTMENT RN & WEARIN' MY PANTIES ON HIS HEAD AFTER HE LICKED 'EM FOR MONTHS WHILE I WAS OUT SHOPPIN' look when presented with your offer ... an' I will WRITE IT OUT.

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waitingforday

8 years ago

I recommend you not to trade, if you not a professional trader, just HODL

Thanks

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Ho Lee Schiet

8 years ago

Useful thread! Thanks for comments!

Thanks

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joldschool

8 years ago

join some conversational groups on telegram or discord. not too hard to find. very helpful

Thanks

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GDIIT

8 years ago

Cryptocurrency and Blockchain is still at its infancy stage and that means it has still a lot of room for opportunity and improvement. It takes a lot of research and knowledge to determine what cryptos are best to invest into. However, you can always start with bitcoin.

Bitcoin and other cryptocurrencies are very volatile in nature and so there is a risk in trading them. However, there is a huge opportunity in trading them just like how bitcoin went up from $1k in January 2017 to almost $20k near the end of the same year. So, they are still worth taking the risk. Just make sure you only invest what you can afford to lose.

Experience in trading is very important. You can start with a small amount to practice or use demo accounts offered by some exchanges. You also need to be updated with the fundamentals of the cryptos you are investing into, plus the news and events surrounding the whole cryptocurrency and blockchain. Technical analysis are also helpful and something you need to take time in studying.

The important thing to note in trading is always buy low and sell high. You can either choose to be a short term trader or long term trader. Short term means you close trades in as quick as 1 month to 6 months. Long term means more than 6 months to years. Day trading could give you gains in a day but very risky too.

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tagiscom

8 years ago

Originally Posted by GDIIT

Cryptocurrency and Blockchain is still at its infancy stage and that means it has still a lot of room for opportunity and improvement. It takes a lot of research and knowledge to determine what cryptos are best to invest into. However, you can always start with bitcoin.

Bitcoin and other cryptocurrencies are very volatile in nature and so there is a risk in trading them. However, there is a huge opportunity in trading them just like how bitcoin went up from $1k in January 2017 to almost $20k near the end of the same year. So, they are still worth taking the risk. Just make sure you only invest what you can afford to lose.

Experience in trading is very important. You can start with a small amount to practice or use demo accounts offered by some exchanges. You also need to be updated with the fundamentals of the cryptos you are investing into, plus the news and events surrounding the whole cryptocurrency and blockchain. Technical analysis are also helpful and something you need to take time in studying.

The important thing to note in trading is always buy low and sell high. You can either choose to be a short term trader or long term trader. Short term means you close trades in as quick as 1 month to 6 months. Long term means more than 6 months to years. Day trading could give you gains in a day but very risky too.

Lol, thanks for a laugh, BC has dropped from 20k two years ago, to around 3.5k now, or it has plummeted 450%, (Tradingview quote) which l guess that means if you are not happy with getting wiped out once, you can again, (several times).

And about an 86% drop in December last year, if you prefer to almost lose everything.

I am personally still amazed that people keep wasting their time with this junk. This is an, (l won't say it) instrument that shows all the signs of dropping, (like a dropbear on a hot day) that not even institutionalized investors will touch.

There are better opportunities in the ASX or NASDAQ, l would suggest going there.

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whateverpedia 8 years ago

Originally Posted by tagiscom

or it has plummeted 450%

That is mathematically impossible. A plunge from $20k to $0 is only a 100% fall.

A fall from $20k to $3.5k is a fall of 82.5%
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Kay King

8 years ago

OP has been gone for months - rhetorical comments

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