re: Official CryptoTalk Thread

quote:

---

I like reading the naysayers though, because it gives a chance to reinforce the counter-arguments. Reading responses to slackster that address the negatives, etc helps reinforce my confidence.

---

You’ve still got the Dave Ramsey’s of the world and a lot of traditional sources advising against it, and most people are not currently invested

As crazy as it is, the market cap of BTC and ETH is still only a fraction of what it will become

I'm looking for XLM to blow the top off soon. The chart is looking so ripe.

quote:

---

guys like slackster are traditional type financial advisors who lack any innovative investment acumen and have been advising their clients to stay away from bitcoin despite the fact its averaged over 400% per year since 2015

because of these poor decisions, they have a stake in the game to hope it fails for a variety of reasons.

we can make guaranteed investments in crypto/stablecoins to earn 10-12% per year, right now. these financial advisors can not compete with that and what lies ahead

---

^
|
|

This

For most people that are used to traditional investing the math and shear computing power alone is hard for them to wrap their heads around. Factor in something that is not controlled or supported by any government and a finite supply and you have something that is almost impossoble for most people to understand without tons of research snd realigning the way they think.

People like slacker are a dying bread.

quote:

---

VET going to the moon

---

i just bought some more yesterday. thinking of buying more.

over a nickel!!!

nice man.. idk how this ends or if there will be one winner but cz binance getting involved is going to make the defi space very interesting

VET is about to hit $0.06.

quote:

---

RATeamWannabe

---

I used some mining profits to get ~$75 worth of VET at $0.032

I know very little about buying crypto, so I have 2 questions
1. What’s a good site to buy crypto thru?
2. How do you store the coins you buy online or something else?

I usually point US residents to Coinbase.com and tell them to spend some time reading and watching before they make any serious purchases. If you have traded with other online services like Etrade etc, then you should check out Coinbase Pro (the fees are significantly lower).

There are a number of ways to store coins and tokens. I would look into and understand how hardware wallets work, and make sure the coins you want are compatible with the wallet you want to use. The two biggest out there are the Ledger and the Trezor. I am a fan of the Trezor, but it's been made clear that a Trezor can more easily be "cracked" by an attacker with physical possession of your device if you don't have as "password" enabled during your device setup. I can point you towards more information about both of these wallet if you'd like.

With a service like Coinbase, you are likely safe to leave assets on the platform if you want to actively trade. I always encourage people to learn how to manage their own coins and take them off of exchanges, but many people either have a relatively small amount of coins or are unwilling to "learn the ropes" of having direct control over their assets. It really comes down to your commitment level IMO.

Ledger Wallet: Ledger Wallet

Trezor Wallet: Trezor Wallet

Details of the Trezor wallet hack: Hackaday--Trezor Wallet Hack


ETA: I personally like the Trezor, but I am also comfortable with Password creation and management, which mitigates the risk of a physical attack on a Trezor wallet. If you are "in the game" long enough, you will probably have quite a few different means of protecting your assets, and possibly own both wallets anyway. Read read read read read. Then read some more.

Good idea. It would be nice if there was a "Crypto Talk" board that could combine the tech and money aspect of the topic, instead of having both in different boards. I dunno.