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Bitcoin, Cryptocurrency, Blockchain, and You: Navigating the Future of Tech (a NeoGAF discussion thread)
Cyberpunkd
Member
600€ I put a few months back in ETH doubled, since I already considered this money pure gambling I will just park it and let it sit, maybe I will get a nice sum in 10 years, from my simple understanding ETH looks to have many application while BTC price is being driven by a fixed supply i.e. there is a finite amount of coins to mine in the world.
Maiden Voyage
Gold™ Member
I'm in it for the long term as well. I've only got a few hundred in so far but I plan to keep plugging in $50/month or so. Once BTC & ETH are more common among merchants, I might spend then. Most likely, I'll hit until retirement to start spending. Hopefully there are better tax laws around crypto by then.
Cyberpunkd
Member
Doczu
Member
So what are the taxes in France? In Poland it's 19% with an extra 8% above 250k PLN from next year (yearly income). Which sounds high, but that's around 50-55k EUR...Me living in France be like:
Cyberpunkd
Member
They probably fall into capital gains tax which is 17% + 13% of social charges. The social charges are actually waived under certain conditions and investment instruments, but AFAIK not one of them has crypto as a possible investment.
MaulerX
Member
Shiba Inu Owner Moves $2.76B to Four Different Wallets
Transfer of over 40 trillion Shiba Inu tokens went to wallets with no prior token transfers.
blockworks.co
Doczu
Member
Hmm, most likely to burn some of it?Shiba Inu Owner Moves $2.76B to Four Different Wallets
Transfer of over 40 trillion Shiba Inu tokens went to wallets with no prior token transfers.
DeceptiveAlarm
Gold Member
I would like to get into some Crypto for fun. What is a legit place to go for recommendations? Also do you guys use a app? What is the easiest way for me to buy and sell? I appreciate any advice.
Doczu
Member
Where do you live? Some places have a limited choise of markets.
I (EU) use coinbase (pro). Easy account creation, easy verification. I mostly trade mobile, but they also have a good desktop site and layout.
DeceptiveAlarm
Gold Member
I live in USA. Pennsylvania if the state matters.
Hardensoul
Member
I'm in US and I use Coinbase, what's difference between Pro version and regular version on phone app?
Hardensoul
Member
I use Coin base, I live in US. Regular version, not sure what is difference to the pro version.
godhandiscen
There are millions of whiny 5-year olds on Earth, and I AM THEIR KING.
Fucking CointMetro is getting hammered. I want to stake my Kadena, but I can't. Nervetheless...
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Irobot82
Member
Anyone have any experience with DAI? I'm thinking of putting some savings into it because 3-5% APY is way batter than 0.01%. I feel more comfortable with DAI because it says at $1 as apposed to others like Ontology or Cosmos with high APY but their price would collapse, rendering the APY pointless.
godhandiscen
There are millions of whiny 5-year olds on Earth, and I AM THEIR KING.
It looks like the whales started liquidating Shiba.
6502
Member
Yeah, getting destroyed, only put a chunk in hoping for Kraken listing to pump but seems that was a fucking troll. Is it worth holding or should we accept Shiba is a deceased parrot?
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godhandiscen
There are millions of whiny 5-year olds on Earth, and I AM THEIR KING.
The Kraken listing might still be happening, but it should happen soon before word spreads around and everybody starts selling.
Doczu
Member
Pro looks and feels more... Pro. Download it and check it out. It's has a lot more options, graph has more info. You don't need to create a new account for it.
Doczu
Member
I'd say the real whales are buying right now. I don't think this is the end for Shiba. People said the same when Doge started getting traction.
I'd say theres more to gain before dumping to oblivion
Maiden Voyage
Gold™ Member
I need prices to drop so I can pump more money in.
ipukespiders
Member
This is the dip.
As someone really new in this space, this is just insane for me to get my head around and I'm a fairly technical dude (I work in DevOps) -- Back when I started reading about this BTC was the only coin in the market (I believe) but now there's all sorts of coins, NFTs, NFT gaming, "art", and for me it's all so ridiculous but hey, I'd like to try my luck I guess. So is there a 101 somewhere, maybe from a post in this thread that I can read to try to make sense on all of this?
What would you buy if you have 100$ to throw around now?
What would you buy if you have 100$ to throw around now?
chixdiggit
Member
I bought more Shiba at 685 
.
It was with money I already made with Shiba so just letting it ride.
.It was with money I already made with Shiba so just letting it ride.
chixdiggit
Member
You can actually earn free crypto by learning about it on Coin Base. You just watch some videos and are rewarded with Bitcoin, Polkadot, etc. If you use my referral link we both get free stuff as well but don't feel you have to.
Coinbase.com
Doczu
Member
Yeah it was difficult for me as well. I won't lie, i still don't understand most of it.
I do believe that NFTs are the future. Realy owning something digitally might be an abstract concept for most, but this is for the next generation. It will be huge.
I also like Brave with their BAT tokens you get for watching ads. You can use that "money" to tip websites, content creators. It's not much but you do get a share of the ad you just watched. And the ads are really basic: crypto, markets, ledgers, some digital conferences. No azon or hot milfs shit.
I just don't get where's the value in "owning" a piece of digital thing, like a picture. So yeah, for example if you buy the equivalent of the Mona Lisa in NFT art, can't you just... you know, screenshot the file and also have a pretty good "copy" of it? Well, I guess you won't get access to the original file which would be the best quality, but yeah, I don't fucking get it hahaha
Doczu
Member
It's abstract, but digital ownage will be a thing of tomorrow.
No proof of originality, no buy/sell
Hardensoul
Member
I jus
t read more about it! Pro is less fees for transactions and you buy/sell from other users. Regular you buy from Coinbase.
Hardensoul
Member
Funny and frustrating thing happened when I first bought Iotex back in August after first high. There was network issues and I thought first transaction didn’t go through, so I tried to buy again. I got network error both times. Few mins later it says 2 x $200 transactions. I was pissed but i just shrug it off and just decide to let it ride.
But it kept dropping! but I let it sit there and ignore, moved on! But now! lol
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Doczu
Member
Yeah,, how coild i forget about the most important points
the more you trade, the lower the fees.
Tiago Rodrigues
Member
Never did anything related to crypto and i'm reading the OP as i speak. I'll probably try to invest a little just to see how it all works. Wish me luck cause i don't understand shit, lmao.
chromhound
Member
Big mistake
you guys might want to look into portugal. they just recently introduced crypto friendly tax laws
hope is not a strategy if you ask me . You are speculating if you don't know a purpose for the coin.
Why not go into coins that have a purpose like ethereum / solana etc. Games are being build on it. $SAND might be interesting ( check: https://gamingindustry247.com/nft-gaming-firm-the-sandbox-raises-93m-round-led-by-softbank/)
There is big money coming into the gaming space. If the coins move up is not guaranteed but at least you have a purpose and backing from big Investors
DetectiveBananas
Member
Just getting into investing in crypto and had no idea there were this many options available. A bit over whelming starting out but better late then never 
.
Question for those that have been in the game awhile. Is it better to focus on the top 100 cryptos or research for better options outside that?
. Question for those that have been in the game awhile. Is it better to focus on the top 100 cryptos or research for better options outside that?
Doczu
Member
If you want to invest in a know crypto then research the biggest players, if you want to invest a "startup", then it's a realy deep learning curve. Not all ideas will be successfulJust getting into investing in crypto and had no idea there were this many options available. A bit over whelming starting out but better late then never
Question for those that have been in the game awhile. Is it better to focus on the top 100 cryptos or research for better options outside that?
Hnjohngalt
Member
Always Dyor. My suggestion is to find coins that have great staking %. Also make sure you set goals. Short or long term goals. If you meet goals such as making 3 or 5x gains cash out and take profits. Most who wait 10x on 1 coin hardly meet such goals. Keep goals realistic and most of all, be patient. Patience is key. Bitcoin may go up to 100k. It can also drop down to 30k again. Always be patient with drops. Never sell at a huge loss. Always hold until you make profits. And know crypto is volatile as heck. With that said, also protect your passwords and get wallets to store crypto. Digital wallets for staking and physical wallet, once you build up lots of money.Just getting into investing in crypto and had no idea there were this many options available. A bit over whelming starting out but better late then never
Question for those that have been in the game awhile. Is it better to focus on the top 100 cryptos or research for better options outside that?
6502
Member
Shib up 25% today. It's just my luck.Big mistake
I need to learn more about this game and maybe more patience.
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DetectiveBananas
Member
Thanks for the info. Definitely looking to split short/long term into 30/70 with a reasonable starting amount. Everyone wants to “Go to the Moon!
“ on everything but I’ll be happy with 20-30% gains in a year .
chromhound
Member
you can even find a bot that will trade crypto for youThanks for the info. Definitely looking to split short/long term into 30/70 with a reasonable starting amount. Everyone wants to “Go to the Moon!
jadedm17
Member
I agree, but risk = reward.
My ETH and BTC are up 50-100%, my Safemoon 300%, and SHIB 400+%.
I'm long on the big coins but can't deny the stories of meme coin riches become tempting.
Mindset is key too : I consider all crypto gambling, some are just safer bets.
indigo-cyclops
Member
SHIB is available on Coinbase for us New Yorkers so I converted a small bit. Probably silly at this point but I'm curious if it will bounce back.
chromhound
Member
It always bounce back
