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discuss 10x Your Money In Domains Or Crypto Currency?

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Silentptnr

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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?
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
Short-term who knows as the current corona pandemic is far from over. Long-term I am still bullish on crypto (not all coins but DEFI I believe shows promise). The current financial sector market cap is about $5 trillion (per Fidelity) while CoinMarketCap shows about $175 billion. Long-term I believe that gap will close.
 
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so there is little price movement lately.. and less volume

is the bottom reached? i think in times like these... 6k sounds about right for btc

what do u think
 
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some nice up movement for btc!

so are we breaking 7k and staying there... or are we going back down the other way for some more?

I admit it'd be odd to see bitcoin go up and stay up... when the whole world and everything else is going down.
 
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i think this is like a basic question... but im stil new to trading etc.. can someone explain to me.. when you do your exchange trading... dips and ups etc... how do you approach having your balance in stable coins vs btc ? i mean do you just kinda basically try to always keep it in stable coins like usdt... or do you try to always like keep it in btc?
 
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We are close to a breakout but it could go either way. Volume has been low the last week or so. I believe that will change in the next several days.
 
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tbh, the whole world's economies are crashing here and there everywhere. It's all FUD.

I mean, metaphorically, the financial industries are all burning....

...anyone who thinks BTC will rise, i don't get. I mean, i get the halvening is going to happen...

but do you really see people pouring money into BTC when they're scared for their lives and financial security?

I luckily got out of BTC from my buy. I'm staying that way unless i see it drop so hard.
 
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Tbh, there's some new FOMO being created by some rando.

My mom, who always questioned crypto and even got mad at me for buying it, started believing him randomly lol. Even made me almost watch his obv. FOMO video.

He says that BTC will replace banks and money post-coronavirus or something. And i mean, that sounds exactly like your typical BTC video... yet she believed THIS one.

And i think taht's largely the reason why BTC hasn't crashed yet... because there's this. Not saying that's the only reason why.. but it's up there.
 
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Both are good but panic sellers ruined everything :D
 
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yeah... its an interesting read above... alot of facts there.. we can't argue with facts.. how we conect them is up to us..

i personally can be pretty neutral on this whole crypto issue cause i own veyr little of it... of course itd be nice for me or anyone with even small amount crypto if btc = 100k or 1million tomorrow.. but if it doesn't.. or goes to zero.. at least I won't kill me for taking out loans to buy bitcoin etc.. like many do im sure.

those who got in early on btc.. like domains or everyhing else in life... are indeed milionaires.. if they cashd out... cause until u cash out, and just hold btc..well... your just at mercy of where it goes :)

honestly, personally from the stuff i read so far and my own conclusions, im leaning more toward btc and cryptos being a government invention rathenr than the other option (there is no 3rd option) that its made and brought to us by digital jesus wanting to save/benefit mankind with it.

i guess we all have our views!

cheers
 
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yeah... its an interesting read above... alot of facts there.. we can't argue with facts.. how we conect them is up to us..

i personally can be pretty neutral on this whole crypto issue cause i own veyr little of it... of course itd be nice for me or anyone with even small amount crypto if btc = 100k or 1million tomorrow.. but if it doesn't.. or goes to zero.. at least I won't kill me for taking out loans to buy bitcoin etc.. like many do im sure.

those who got in early on btc.. like domains or everyhing else in life... are indeed milionaires.. if they cashd out... cause until u cash out, and just hold btc..well... your just at mercy of where it goes :)

honestly, personally from the stuff i read so far and my own conclusions, im leaning more toward btc and cryptos being a government invention rathenr than the other option (there is no 3rd option) that its made and brought to us by digital jesus wanting to save/benefit mankind with it.

i guess we all have our views!

cheers

By my calculating you have made a nice profit in the past week and a half lol
Unless your losing it all behind my back! :)
 
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By my calculating you have made a nice profit in the past week and a half lol
Unless your losing it all behind my back! :)

not as much as you thats for sure heheh
but yes, you sent me some tips... :)
some worked some did not.. but its good!

however due to some stupid newbie mistakes and trades as I tried to learn things, I joined binance with more than I have now ... so im basicaly still playing catchup now.. but ... hopefully I'll get the hang of it one day... or i just quit and understand why google says 70% of traders lose money! :)

as matter of fact im still debating whether I (or anyone) should try and stick to usdt blance or btc balance peferably... on an exchange... whne they do trading.. i mean is there even such a thing as a prefered one between the two? or it all just purely depends on where you think it'll go when you wake up? up or down....

i was reading some stuff on bitcoin today... mixed with some other stuff... and in one article i literally read that bitcoin is Created by AI.. and ran by AI... so govnt entity.. created entirely in CERN swiss.

so obviously most btc under gvnt control... hence tons of it is untouched and unmoved regardles of prices etc..

hey.. open mind right ;)
 
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Rather than merely trading BTC, ETH or other cryptos, try the following: transfer a few different cryptos from one wallet to another wallet on a workday New York time. See how long it takes to make a transfer (not just to appear as pending but to see the transaction actually clear) and note how much you paid in fees to make that transfer. Note that platforms do exist now where one can stake different crypto currencies and earn interest at rates much higher than traditional bank CDs. There are also platforms where one can use existing crypto holdings and take out collateralized loans against your crypto without actually having to sell (allowing for long-term price appreciation). There are numerous cards available where one can convert their crypto into spendable funds usable wherever VISA is accepted.

Try doing a bank transfer from a U.S. bank account to a foreign bank account and see how long it takes for the transaction to clear and what fees you pay. What sort of interest rate are you likely to get from a bank CD?

Likewise, try transferring a domain from one registrar to another and see how quickly that transaction clears. How much does the transfer cost? Can you borrow against domain assets on Godaddy? What portion of your domain portfolio earns parking income greater than the renewal fee?
 
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Rather than merely trading BTC, ETH or other cryptos, try the following: transfer a few different cryptos from one wallet to another wallet on a workday New York time. See how long it takes to make a transfer (not just to appear as pending but to see the transaction actually clear) and note how much you paid in fees to make that transfer. Note that platforms do exist now where one can stake different crypto currencies and earn interest at rates much higher than traditional bank CDs. There are also platforms where one can use existing crypto holdings and take out collateralized loans against your crypto without actually having to sell (allowing for long-term price appreciation). There are numerous cards available where one can convert their crypto into spendable funds usable wherever VISA is accepted.

Try doing a bank transfer from a U.S. bank account to a foreign bank account and see how long it takes for the transaction to clear and what fees you pay. What sort of interest rate are you likely to get from a bank CD?

Likewise, try transferring a domain from one registrar to another and see how quickly that transaction clears. How much does the transfer cost? Can you borrow against domain assets on Godaddy? What portion of your domain portfolio earns parking income greater than the renewal fee?
Transferring btc is terribly slow. Other chains do transfers instantly. Fees and transfer speed will be the demise of bitcoin imo.
 
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Rather than merely trading BTC, ETH or other cryptos, try the following: transfer a few different cryptos from one wallet to another wallet on a workday New York time. See how long it takes to make a transfer (not just to appear as pending but to see the transaction actually clear) and note how much you paid in fees to make that transfer. Note that platforms do exist now where one can stake different crypto currencies and earn interest at rates much higher than traditional bank CDs. There are also platforms where one can use existing crypto holdings and take out collateralized loans against your crypto without actually having to sell (allowing for long-term price appreciation). There are numerous cards available where one can convert their crypto into spendable funds usable wherever VISA is accepted.

Try doing a bank transfer from a U.S. bank account to a foreign bank account and see how long it takes for the transaction to clear and what fees you pay. What sort of interest rate are you likely to get from a bank CD?

Likewise, try transferring a domain from one registrar to another and see how quickly that transaction clears. How much does the transfer cost? Can you borrow against domain assets on Godaddy? What portion of your domain portfolio earns parking income greater than the renewal fee?

no i get it..
your right... a lot of people trade crypto.. thinking its the most imoportant thing about it... trade.. make profit etc.. but like you say, the most important part of crypto is what it represents.. longterm.. the technology.

im thinking bitcoin will not make it... but it'll be a start of aniother digital currnency revolution that'll change world one day.

except im not so sure it'll be decentralized as people want it to be.. cause the more i read and think about it, the more i realize btc may be a govnt experiment.. wouldn't be the first or last they experiment on us would it now ?
 
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Transferring btc is terribly slow. Other chains do transfers instantly. Fees and transfer speed will be the demise of bitcoin imo.

but i read somewhere that these can still be improved on... by some general agreement between developers etc.... i don't mean by forking.
 
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Bitcoin is the .COM of crypto with the first mover advantage. There are far more onramps from fiat to crypto with Bitcoin. Most crypto exchanges have Bitcoin and Ethereum as options but others maybe not. There are far more crypto trading pairs from Bitcoin to other crypto currencies than there are from one ALT coin to another. The lightning network was supposed to be a second layer solution to faster bitcoin transactions but it has not yet gained significant traction. Bitcoin onchain transactions are slower than most alt coins and the fees are higher than many alt coins as well. Yet there are bitcoin maximalists who spurn anything other than bitcoin - kind of like domain investors who got into domains twenty years ago are often skeptical of alternative extensions. Well, many startups do use alternative extensions. When the masses adopt crypto currencies, where will they put their money?
 
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Bitcoin is the .COM of crypto with the first mover advantage. There are far more onramps from fiat to crypto with Bitcoin. Most crypto exchanges have Bitcoin and Ethereum as options but others maybe not. There are far more crypto trading pairs from Bitcoin to other crypto currencies than there are from one ALT coin to another. The lightning network was supposed to be a second layer solution to faster bitcoin transactions but it has not yet gained significant traction. Bitcoin onchain transactions are slower than most alt coins and the fees are higher than many alt coins as well. Yet there are bitcoin maximalists who spurn anything other than bitcoin - kind of like domain investors who got into domains twenty years ago are often skeptical of alternative extensions. Well, many startups do use alternative extensions. When the masses adopt crypto currencies, where will they put their money?

there are tons of ngtlds which aren't really going anywhere.. some died... and tons of coins that went nowehre and died... i read 600 coins dead so far.. but i can't remember date of that article...

so maybe its best to stick to the most popular ones. just as it may be best for domain investors to stick to com org and couple more.
 
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not as much as you thats for sure heheh
but yes, you sent me some tips... :)
some worked some did not.. but its good!

however due to some stupid newbie mistakes and trades as I tried to learn things, I joined binance with more than I have now ... so im basicaly still playing catchup now.. but ... hopefully I'll get the hang of it one day... or i just quit and understand why google says 70% of traders lose money! :)

as matter of fact im still debating whether I (or anyone) should try and stick to usdt blance or btc balance peferably... on an exchange... whne they do trading.. i mean is there even such a thing as a prefered one between the two? or it all just purely depends on where you think it'll go when you wake up? up or down....

i was reading some stuff on bitcoin today... mixed with some other stuff... and in one article i literally read that bitcoin is Created by AI.. and ran by AI... so govnt entity.. created entirely in CERN swiss.

so obviously most btc under gvnt control... hence tons of it is untouched and unmoved regardles of prices etc..

hey.. open mind right ;)

No matter how good you are, the more you perform trades, the more you'll lose some. It's just probability. If you were 100% good, then it would be like wow alcy why are you so good

but even the decades' old traders who made millions.. they still lose on trades.

So because of that, if you're not experienced, like me, then the best thing to do is lessen your trades to pinpoint trades where you know you can only profit at some point in the nearer future. For example, if btc fell to 6k right now ($6,000) wouldn't it be probable that it would go up to 6.7k again ? Sure it can fall to 5.5k too but you already know it will pump back above your buy... versus buying at 6.7k hoping it will hit 7k again.

IMHO, that's my theory.
 
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For example, if btc fell to 6k right now ($6,000) wouldn't it be probable that it would go up to 6.7k again ? Sure it can fall to 5.5k too but you already know it will pump back above your buy... versus buying at 6.7k hoping it will hit 7k again.
IMHO, that's my theory.

CORRECT!
Rinse and repeat.
 
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swish. i actually made like $7 to $10 not sure tbh because i wasn't looking at my starting balance :tightlyclosedeyes: by a quick trade today: bought at $7.262.15 this morning and then went out and left a sell order for $7,340...

and boom lol.

Ok, i need to stop gambling now :D
 
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swish. i actually made like $7 to $10 not sure tbh because i wasn't looking at my starting balance :tightlyclosedeyes: by a quick trade today: bought at $7.262.15 this morning and then went out and left a sell order for $7,340...

and boom lol.

Ok, i need to stop gambling now :D

hahah.. thatd be some super profit for people who own like 10 bitcoins.. then boom.... 1000$ right there.. just like that!

well now its sunday.. easter.. and its jumping around.. but going up.. 7100 now.. when I read a lot of articles about it dropping this weekend,. going down... well it didn't.

but its basically stil gambling. hard to see it any other way. you buy at X.. or sell at X... and u don't really know if it'll go up or down..

there are patterns.. but... still.. hard to predict... and thts exactly why 70% traders lose money.

unless your around computer or have limit order placed for events like march12 where it drops 40% in short time.. and you sell on top.. asnd then rebuy at bottom.. well those are the obivous chances to gain something.. i guess many did just that... others lost..

interestingly.. i reasd more and more articles about btc going to 1-3k before it has bull run into halving and past halving.. well that'd be nice.. 1k bitcoin.
 
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Quite often potential domain sales are lost because the seller got too greedy. But with enough time in this space one can get a feel for what is a reasonable price expectation for a particular type of domain vs shooting for the moon (and never ever seeing a comparable offer for that domain). The transaction which I currently have in Escrow the buyer tried negotiating to a level I knew I would regret at a later date. With this particular domain it is likely others would have asked for a higher price but I also recognize that globally most asset classes have depreciated in recent weeks. I was not asking five figures for this highly brandable domain so I felt comfortable rebuffing his attempts to take $1000 off what I felt was already a very realistic asking price. Thinking the negotiation had failed, I raised my asking price as I was willing to wait for the right buyer. Then he hunted down my phone number via an online search and made an international call saying he wanted to close the deal.

The short-term price of most assets is normally a function of the near-term supply and demand. If you understand what bitcoin and ethereum represent, you are not fazed by short-term price fluctuations.
 
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Quite often potential domain sales are lost because the seller got too greedy. But with enough time in this space one can get a feel for what is a reasonable price expectation for a particular type of domain vs shooting for the moon (and never ever seeing a comparable offer for that domain). The transaction which I currently have in Escrow the buyer tried negotiating to a level I knew I would regret at a later date. With this particular domain it is likely others would have asked for a higher price but I also recognize that globally most asset classes have depreciated in recent weeks. I was not asking five figures for this highly brandable domain so I felt comfortable rebuffing his attempts to take $1000 off what I felt was already a very realistic asking price. Thinking the negotiation had failed, I raised my asking price as I was willing to wait for the right buyer. Then he hunted down my phone number via an online search and made an international call saying he wanted to close the deal.

The short-term price of most assets is normally a function of the near-term supply and demand. If you understand what bitcoin and ethereum represent, you are not fazed by short-term price fluctuations.

but does what they represent exclude possibility of them going to zero..and being replaced by something else?
 
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but does what they represent exclude possibility of them going to zero..and being replaced by something else?
Bitcoin and Ethereum aren't going to zero. IMO.... other possible blockchain coins? yes....There will be winners and losers, but Bitcoin and Ethereum have proven to be winners. Although, both blockchains have unique and different qualities, the decentralized blockchains of Bitcoin and Ethereum are here to stay....just imo
 
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