7 cryptocurrencies to watch in 2018 if you’re on the hunt for the next bitcoin

[AZTG]

Its a good way to earn money.

People are going crazy taking out second mortgages to buy cryptocurrencies - Dont do that.

Be very wary of getting hacked. The issue with coinbase for example is that you have to put all your info on it and though its generally safe, when every hacker and country in the world tries to hack the same thing, they'll eventually get it. You dont want your bank tied to a website that is constantly under attack. You legit got countries hacking people cause they are using bitcoins for all their illegal activities. Coinbase is the largest marketplace, they were fine last year, but two weeks ago the 2nd biggest marketplace got hacked and $76 million in bitcoins and other crypto currency got stolen.

Also, the #1 reason people get hacked is user negligence. So if you are a computer illerate person, take some time to learn how not to get hacked before you buy crypto currency.

My advice is to open a separate bank account, and use a seperate email to get on coinbase and use them only for trading on coinbase and nothing else AND access them on a device you dont do anything else with, like a old phone that isnt connected to a provider that you can use wifi on. Soon as you done with your cryptocurrency activities, fuck around and turn the wifi off.

Imagine putting $500 in Neo, have it go up 25000%, you basically at 130k, you make plans to cash out and spend the money, and the next day, you are hacked and lose it.

And when you get hacked and lose it, its gone. They are all untraceable.

Also, like I said, you legit got countries, North Korea and China being at the top of the list, actively trying to hack motherfuckers that are buying crypto currencies, so if you do it, make sure you are deligent.

Follow these rules, plus research online on how to secure your cryptocurrency and how to avoid hacks and this could actually be a good investment.

Also, make sure you keep your greed in check. Dont put in all your money and risk the future cause you doubled your $100. Like I said, cats are legit putting college funds and taking loans to invest. Its a bubble that will eventually pop, lets all profit off it before it pops, but dont go crazy and be the person that loses everything before the pop happens.

Would there be a better, under the radar marketplace to use?

Not sure if there is a better marketplace than coinbase. Issue is that coinbase doesnt deal in all cryptocurrencies. You gotta go through hurdles to buy some of the smaller ones and open accounts with different marketplaces. For example to buy Iota, you gotta buy bitcoin first cause Iota can only be bought with cryptocurrency.

Personally to me thats way too much for me to risk tying my bank account too. Thats why I had to open a seperate bank account.

More than finding a more secure marketplace, you should look up how to create a digital wallet with a usb or external hard drive to move your crypto currency off the net period.

But i mean all that is only worth it if you are dealing with serious money. Not worth it if you only throw a few hundred dollars in it, which is what everyone should do until they learn the ins and outs. Once you learn the ins and outs, then you can invest more.

 

[AZTG]

Govt backed cryptocurrencies pretty much goes against the point. I cant imagine them being worth as much as non govt cryptocurrencies. But they will probably be safer

 

[konceptjones]

If i cant take it to 7-11 and buy a black and mild with it #fakemoney.

Yall gone head with it. I dont see much good coming from it.

I can use Bitcoin to buy hardware from Newegg. There's also ATM's around Las Vegas that will cash out bitcoin. I know there's one at The D hotel on Fremont and a few just behind the strip on Industrial so there's a way to cop those Black and Milds with BTC.

 

[Broddie]

Its a good way to earn money.

People are going crazy taking out second mortgages to buy cryptocurrencies - Dont do that.

Be very wary of getting hacked. The issue with coinbase for example is that you have to put all your info on it and though its generally safe, when every hacker and country in the world tries to hack the same thing, they'll eventually get it. You dont want your bank tied to a website that is constantly under attack. You legit got countries hacking people cause they are using bitcoins for all their illegal activities. Coinbase is the largest marketplace, they were fine last year, but two weeks ago the 2nd biggest marketplace got hacked and $76 million in bitcoins and other crypto currency got stolen.

Also, the #1 reason people get hacked is user negligence. So if you are a computer illerate person, take some time to learn how not to get hacked before you buy crypto currency.

My advice is to open a separate bank account, and use a seperate email to get on coinbase and use them only for trading on coinbase and nothing else AND access them on a device you dont do anything else with, like a old phone that isnt connected to a provider that you can use wifi on. Soon as you done with your cryptocurrency activities, fuck around and turn the wifi off.

Imagine putting $500 in Neo, have it go up 25000%, you basically at 130k, you make plans to cash out and spend the money, and the next day, you are hacked and lose it.

And when you get hacked and lose it, its gone. They are all untraceable.

Also, like I said, you legit got countries, North Korea and China being at the top of the list, actively trying to hack motherfuckers that are buying crypto currencies, so if you do it, make sure you are deligent.

Follow these rules, plus research online on how to secure your cryptocurrency and how to avoid hacks and this could actually be a good investment.

Also, make sure you keep your greed in check. Dont put in all your money and risk the future cause you doubled your $100. Like I said, cats are legit putting college funds and taking loans to invest. Its a bubble that will eventually pop, lets all profit off it before it pops, but dont go crazy and be the person that loses everything before the pop happens.

Thanks so much for this post. So enlightening I copied and saved it as a quick memo on my phone.

 

[deadeye]

I'd stay from all of them.

Bitcoin just started trading on the CME today.

The CME is a futures exchange......i.e. oil, gold, grain, corn, etc.

There won't be any immediate major effects, but this basically gives the CME the power to indirectly control the price of bitcoin.

In particular, it gives people who don't even own it the ability to short it.

So, having it traded on the CME seems like a good thing on the surface.........but not good for the reasons one might think.

It's basically a good way for the government to keep bitcoin under control and for hedge funds and/or other investment entities to profit from it without actually having to buy it.

 

[Qiv_Owan]

Who building them mining rigs for a decent price

 

[whatevathehell]

there are couple of companies claiming some kind of affiliation to this new currency whose stocks are skyrocketing..I got burnt by one today..but by my own fault I sold too soon, the thing went from 22-damn near 146 bucks today before settling back down to 75. shit is crazy. they are all bogus if you ask me but if you can get in and out I figure there is a small fortune to be made.

 

[Cinco]

@whatevathehell there is a lot of emotion and people in crypto that don't know what they're doing. Also a lot of big $ influencing the "pump and dump,"

This is why you see when Bitcoin hits a new milestone, it quickly drops the next day.

What I do is look at the charts and ride like that.

There's also a thread on crypto currency in the Business sub forum.

 

[Fosheezy]

Yea trading cryptos is just like anything else - If you don’t know what you’re doing, what difference does it make?

This shit making been making new highs every couple weeks since the beginning of this year and look how low it started out. But how many people you know that got rich off of it? And besides the fact that BTC have all these massive gains you be surprised how many people still lose money.

Don’t just go off hype. Study and learn to read charts. Try to form some kind of logical basis as to where it is going based on previous trends long and short term.

 

[illcandidate]

Currency or investment? The price of one bitcoin is over $18k, compare that to the price of an ounce of gold which is a little over $1200. If looking at this as a currency (which was the original purpose if I'm not mistaken) then you are exchanging fiat currency for cryptocurrency and the exchange rate is $1 to $18k. Is this sustainable? Another concern is liquidity as there has to be a mass acceptance of cryptocurrency or you are only able to sell to those in a limited capacity. Maybe I'm missing something, but it's much to speculative, the lack of regulation appeal seems to be going by the wayside, buying and holding at this point doesn't appear to be a wise choice, or is this a vehicle for day traders along the same lines as forex trading?

 

[norfphilly]

Currency or investment? The price of one bitcoin is over $18k, compare that to the price of an ounce of gold which is a little over $1200. If looking at this as a currency (which was the original purpose if I'm not mistaken) then you are exchanging fiat currency for cryptocurrency and the exchange rate is $1 to $18k. Is this sustainable? Another concern is liquidity as there has to be a mass acceptance of cryptocurrency or you are only able to sell to those in a limited capacity. Maybe I'm missing something, but it's much to speculative, the lack of regulation appeal seems to be going by the wayside, buying and holding at this point doesn't appear to be a wise choice, or is this a vehicle for day traders along the same lines as forex trading?

You can always buy partial coin not the whole thing. So anyone can put up, let’s say $100. That buck will grow as long as the coin (bitcoin in this case) does. Just buy and forget about it if you’re speculative of the market

 

[Angeles1son85]

This shit fake but aint a bad idea lmao

Social media users are praising a “hero” who was supposedly arrested in New York City for selling altered Chuck E. Cheese tokens as bitcoins. A report claims that he raked in $1.1 million with the scam. Sadly, there is no hero, and this story is phonier than Monopoly money.

 

[whatevathehell]

@whatevathehell there is a lot of emotion and people in crypto that don't know what they're doing. Also a lot of big $ influencing the "pump and dump,"

This is why you see when Bitcoin hits a new milestone, it quickly drops the next day.

What I do is look at the charts and ride like that.

There's also a thread on crypto currency in the Business sub forum.

I l now this but there is lfin was the ticket symbol check out there chart there was no dip...those motherfuckers went straight up. Last week they were 5 bucks a share...they got as high as 140 and sitting at 60 now. You see shit like that..man..

 

[LUClEN]

Stellar (str/xlm)

 

[Fosheezy]

Currency or investment? The price of one bitcoin is over $18k, compare that to the price of an ounce of gold which is a little over $1200. If looking at this as a currency (which was the original purpose if I'm not mistaken) then you are exchanging fiat currency for cryptocurrency and the exchange rate is $1 to $18k. Is this sustainable? Another concern is liquidity as there has to be a mass acceptance of cryptocurrency or you are only able to sell to those in a limited capacity. Maybe I'm missing something, but it's much to speculative, the lack of regulation appeal seems to be going by the wayside, buying and holding at this point doesn't appear to be a wise choice, or is this a vehicle for day traders along the same lines as forex trading?

It takes a lot of effort to even mine just one Bitcoin though. They're not that easy to get. Plus there is a finite number of Bitcoin that exist. Unlike USD, there's not an infinite amount that can simply be printed on paper.

People was saying Bitcoin was gonna pop at 100. Then at 1000. Then niggas was certain it would pop once it hit 6k. Niggas gonna be rolling in they grave when Bitcoin hit 100k.

 

[mryounggun]

Don't know what what Bitcoin is really. Don't really understand the concept of it or cryptocurrency, in general, really. And not really interested in learning about it at this point.

 

[2stepz_ahead]

Don't know what what Bitcoin is really. Don't really understand the concept of it or cryptocurrency, in general, really. And not really interested in learning about it at this point.

i swear....one day nigga you gonna care about something.

 

[mryounggun]

Don't know what what Bitcoin is really. Don't really understand the concept of it or cryptocurrency, in general, really. And not really interested in learning about it at this point.

i swear....one day nigga you gonna care about something.

Lol. Just saying, my nigga. And I feel like I'm one the majority, not the minority, with this bitcoin shit. I could be wrong?

 

[i ro ny]

Don't know what what Bitcoin is really. Don't really understand the concept of it or cryptocurrency, in general, really. And not really interested in learning about it at this point.

Bitcoin is just a brand on cryptocurrency.

We are literally in the infancy stages of this shit.

 

[AZTG]

The issue with cryptocurrency what makes it non sustainable is the fact that its supposed to be currency used like how we use dollars but the regular currency is usually stable and your $1 can buy the same candy bar tomorrow that you could buy today.

But with crypto currencies, lets take bitcoin for example, lets say 1 bitcoin = $1, so, I could essentially buy that candy bar for 1 bitcoin. But then in a week, bitcoin goes up 200%, and now 1 bitcoin = $2. So now that bitcoin I used to buy a candy bar with would have gotten me 2 candy bars. Now you takw this example and expand it and see that bitcoin went up 1800% in the last 12 months, other cryptocurrencies went up like 5000% etc.

So at this point, who in their right mind would actually use cryptocurrency to buy things? The 1 bitcoin I used to buy 1 candy bar 12 months ago would now get me 18 candy bars. So in that case, Im holding my bitcoins and aint using it to spend shit.

So basically, its lost its purpose, it went from being currency like a dollar bill and became a commodity like gold. Only difference is gold is physical and you can hold it. You cant with cryptocurrency