discuss 10x Your Money In Domains Or Crypto Currency?

Silentptnr · Nov 28, 2017

A lot of domain investors also invest in crypto currency it seems as of late. I usually feel pretty confident that a domain I carefully acquire today will be a 10x+ my investment including holding time. If say, I were to buy bitcoin today, is it feasible that i would get 10x my money?

LarryDomain · Jan 18, 2018

I think it's a scam but i still participate.. cautiously though!!

alcy · Jan 18, 2018

just curious.. do u guys use usdt here regularly or often? usually in events of faling prices. so say you see btc falling and everything else too.. so you sell btc for usdt.. and wait for prices to fall then buy more btc using usdt when it falls

anybody does this on say binance? any catches? ty.

MackieMesser · Jan 18, 2018

Haven't watched the video, this new world order conspiracy theories are very suspicious to me.

Funny thing that people see Bitcoin as a scam although it has a public blockchain.

I must say that Bitcoin's technology is old (transaction speed) and it might eventually lose in importance/influence as cryptocurrencies with better technology move on the stage. Also Bitcoin might be too big to change/adjust. At least that is my impression.

ngignac · Jan 18, 2018

Here's my take on it. I don't believe Cryptocurrencies are just a fad. Many Coins will continue to prosper. That being said, there are too many new coins/new entrants. Just search ICOs on twitter. Seems like everyone and their brother is starting a new coin . The vast majority of these will fail and eventually the market will consolidate to only a few coins which will continue skyrocket.

One of the biggest issues right now in my opinion is manipulation. A few very wealthy investors can run the price up or down and profit off the change. Pump and dump. Buy when it crashes and so on and so forth. Traditional investment vehicles at least have regulations in place. (Sure people break these rules all the time but it's at least keeping stuff in check somewhat). Bitcoin futures is likely to exacerbate the manipulation.

Edit: Also, this recent crash (or correction) is going to hurt/delay the adoption of CryptoCurrencies. It's only in the past couple months that Crypto Currencies came onto the radar for everyday folk. A lot of people who bought in when it was around 18-19k lost a fair amount and I'm concerned this correction turned them against Crypto.

Notice I say correction. I think adoption will continue UNLESS a major western country bans it. If that happens I think alot will follow. In all honesty I think there is a reasonable chance that this could happen. A bunch of VERY wealthy individuals/industries (banking) do not want it to succeed. Sure they can profit off of crypto, but in all honesty they would lose out over the long term compared to if Crypto wasn't around. Essentially they lose their monopoly on the industry. Already seeing a bunch of bank execs bad mouthing it and calling it a bubble/will fail. Wouldn't be surprised if they are actively lobbying $ against it already.

MackieMesser · Jan 18, 2018

ngignac said:
Here's my take on it. I don't believe Cryptocurrencies are just a fad. Many Coins will continue to prosper. That being said, there are too many new coins/new entrants. Just search ICOs on twitter. Seems like everyone and their brother is starting a new coin . The vast majority of these will fail and eventually the market will consolidate to only a few coins which will continue skyrocket.

One of the biggest issues right now in my opinion is manipulation. A few very wealthy investors can run the price up or down and profit off the change. Pump and dump. Buy when it crashes and so on and so forth. Traditional investment vehicles at least have regulations in place. (Sure people break these rules all the time but it's at least keeping stuff in check somewhat). Bitcoin futures is likely to exacerbate the manipulation.

Edit: Also, this recent crash (or correction) is going to hurt/delay the adoption of CryptoCurrencies. It's only in the past couple months that Crypto Currencies came onto the radar for everyday folk. A lot of people who bought in when it was around 18-19k lost a fair amount and I'm concerned this correction turned them against Crypto.

Notice I say correction. I think adoption will continue UNLESS a major western country bans it. If that happens I think alot will follow. In all honesty I think there is a reasonable chance that this could happen. A bunch of VERY wealthy individuals/industries (banking) do not want it to succeed. Sure they can profit off of crypto, but in all honesty they would lose out over the long term compared to if Crypto wasn't around. Essentially they lose their monopoly on the industry. Already seeing a bunch of bank execs bad mouthing it and calling it a bubble/will fail. Wouldn't be surprised if they are actively lobbying $ against it already.

Regarding a possible ban. I think technically it is almost impossible to ban a cryptocurrency itself, but countries can ban exchanges which would likely have a more devastating impact. Important for the governments is that people pay their taxes from cryptoasset gains and that money laundering and criminal activity is not too easy - though this an be done with normal fiat currency.

Important is to get cryptoassets (cryptocurrencies) connected to the "real" world and bring forward mass adoption as soon as possible.

I agree that some bit corporations/banks fear that they are losing market shares or n the worst case their whole business model.

ngignac · Jan 18, 2018

MackieMesser said:
Regarding a possible ban. I think technically it is almost impossible to ban a cryptocurrency itself, but countries can ban exchanges which would likely have a more devastating impact. Important for the governments is that people pay their taxes from cryptoasset gains and that money laundering and criminal activity is not too easy - though this an be done with normal fiat currency.

Important is to get cryptoassets (cryptocurrencies) connected to the "real" world and bring forward mass adoption as soon as possible.

I agree that some bit corporations/banks fear that they are losing market shares or n the worst case their whole business model.

I agree, they couldn't really ban the crypto itself. If anything they would ban the exchanges. This obviously wouldn't stop it's use outright but would effectively end the mass adoption of crypto as a transaction currency. Would still but used as a store of value (though would likely suffer from the 'bans')

Mahouni · Jan 18, 2018

It will get nasty because inherently cryptocurrencies will be debasing/devaluing national currencies. Under certain conditions, it's not inconceivable to see bitcoin(or another coin) at 100k+ or more 1m even. Of course, there will be a huge crash (dot com crash). That is the buying opportunity of maybe our lifetimes. The signal is when the average joe at the water station in office is telling you "I told you so".

Tech is a weapon, tech + money is leverage unseen before imo. Whether it's good for the totality of things I don't know but you cannot stop it.

SirDrago · Jan 19, 2018

That's me waiting for my Coinbase transaction to go thru...

Dominic Belley · Jan 19, 2018

Hey !! Guess what?

I just bought a crypto currency. I am the proud owner of 0.1982 Litecoin !! (50$ CAD)

I just wanted to know how it worked

SirDrago · Jan 19, 2018

Dominic Belley said:
Hey !! Guess what?

I just bought a crypto currency. I am the proud owner of 0.1982 Litecoin !! (50$ CAD)

I just wanted to know how it worked

Congrats, welcome to team HODL
1st rule of team HODL is there is no team HODL.
Got it? lol

ngignac · Jan 19, 2018

Am i the only one that thinks crypto domains have gotten a little ridiculous. Too many speculators compared to actual end users. While there are many crypto domains that can command premium prices, I believe alot of people will become bag holders of the mediocre names.

Same way I feel about the number of coins. Yes, Crypto is the future. That being said, alot of them will fail and consolidate into a few different coins

NameOmnia · Jan 19, 2018

ngignac said:
Am i the only one that thinks crypto domains have gotten a little ridiculous. Too many speculators compared to actual end users. While there are many crypto domains that can command premium prices, I believe alot of people will become bag holders of the mediocre names.

Same way I feel about the number of coins. Yes, Crypto is the future. That being said, alot of them will fail and consolidate into a few different coins

Agree with you about domain names and I also agree with those who say that only a few currencies will eventually consolidate and many instead will simply disappear.

I think though that crypto per se is not the future but rather blockchain and decentralization are.

NameOmnia · Jan 19, 2018

SirDrago said:
That's me waiting for my Coinbase transaction to go thru...

Show attachment 78335

What a coincidence...that's exactly how I too look trying to join an exchange and waiting to be verified...

ngignac · Jan 19, 2018

NameOmnia said:
What a coincidence...that's exactly how I too look trying to join an exchange and waiting to be verified...

Agreed. Tried a couple before Coinbase but I read they would have taken too long to veriy. Ended up settling on Coinbase The verification was automated (hold up my ID in the webcam. Located in USA. Not sure if this applies everywhere). My deposit limit was capped pretty low though for a while.

NameOmnia · Jan 19, 2018

ngignac said:
Agreed. Tried a couple before Coinbase but I read they would have taken too long to veriy. Ended up settling on Coinbase The verification was automated (hold up my ID in the webcam. Located in USA. Not sure if this applies everywhere). My deposit limit was capped pretty low though for a while.

I am in Europe, checked coinbase a few weeks back but the price of crypto against euro in insane there plus I have read they have already been hacked so not the most secure place.

I am in with cryptopia that has a ton of coins and tokens that others don't have and I have heard a lot of positive reviews about kucoin so I might check that one out too

alcy · Jan 19, 2018

ngignac said:
Agreed. Tried a couple before Coinbase but I read they would have taken too long to veriy. Ended up settling on Coinbase The verification was automated (hold up my ID in the webcam. Located in USA. Not sure if this applies everywhere). My deposit limit was capped pretty low though for a while.

coinbase is not considered an exchange. more like a place to get or sell btc. before you move to an exchange (like binance) so u can have some choices of altcoins to buy from.

Montecar · Jan 19, 2018

Cryptocurrency is very volatile because, in terms of real value its cost is 0 cents. Cryptocurrency has no emission center is therefore not backed by anything. Is its advantage and drawback. From the point of view of Bitcoin, it has the hand plays what his issue is limited to 21 million coins, and the blockchain can not prishodit forever so in the case of preservation of faith in its dutuyu value, its price will rise. But no one in the world can guarantee that in case of lack of confidence in him as a means of payment it will not depreciate to zero
.

Dominic Belley · Jan 19, 2018

I am having fun experiencing with my $50 CAD.
First I bought Litecoin on CoinBase.
Now I just transferred half of it on Binance. Again. Just to understand how it all works.
Now I need to buy something on Binance ..ahah $25 CAD of some obscure currency.

SirDrago · Jan 19, 2018

Dominic Belley said:
I am having fun experiencing with my $50 CAD.
First I bought Litecoin on CoinBase.
Now I just transferred half of it on Binance. Again. Just to understand how it all works.
Now I need to buy something on Binance ..ahah $25 CAD of some obscure currency.

POE

NameOmnia · Jan 19, 2018

Dominic Belley said:
I am having fun experiencing with my $50 CAD.
First I bought Litecoin on CoinBase.
Now I just transferred half of it on Binance. Again. Just to understand how it all works.
Now I need to buy something on Binance ..ahah $25 CAD of some obscure currency.

Did you just register on binance???

Dominic Belley · Jan 19, 2018

Am I wrong but it seems I cannot use my Litecoin to buy on Binance. I have to convert to BTC. Am I wrong? Is there something I don't understand.

alcy · Jan 19, 2018

Dominic Belley said:
I am having fun experiencing with my $50 CAD.
First I bought Litecoin on CoinBase.
Now I just transferred half of it on Binance. Again. Just to understand how it all works.
Now I need to buy something on Binance ..ahah $25 CAD of some obscure currency.

where do you buy ltc and your base currencies? coinbase?
since were both canada I thought I'd ask
I cannot stand coinbase with their stupid webcam needs
so I gave up on it
too many rules and requirements. I know most use it. but many also hate it.

while looking for alternatives I came across NTRUST
check it out
its for canadians only
no credit card buying for now
so u gotta transfer from bank.. interac or withdrawl

the nice thing is they do not charge you anything to send away btc from there. yet.

maybe they work it into the CAN$ exchange they give you.. but.. looks competive enough.

its for btc buying only btw.

alcy · Jan 19, 2018

can anyone here recommend good alternative to coinbase to buy some base coins?

looking for credit card acceptance and hopefully no to minimal vericiations.. like binance.

ty

alcy · Jan 19, 2018

Dominic Belley said:
Am I wrong but it seems I cannot use my Litecoin to buy on Binance. I have to convert to BTC. Am I wrong? Is there something I don't understand.

true.
u can only use the pairigns they give you.. so any one of those 4.. you need to hold balance.. in order to buy with.

alcy · Jan 19, 2018

i think ltc is good for withdrawing out of binance..
cause its least expensive of the 3.
but again u have to make sure the place where your cashing out takes ltc.
NTRUST does not.. so I can only send btc there to cashout

but I think you you coinbase so u should be fine

p.s. I made seperate thread here a day ago about how you can store yoru gains/funds in usdt.. which is 1:1 usd ratio. this way you do not have to waste money transfer out of binance. and pretty much use it as usd$ on binance.

enjoy

discuss 10x Your Money In Domains Or Crypto Currency?

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