discuss 10x Your Money In Domains Or Crypto Currency?

[Silentptnr]

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?

 

[Keith]

care to share some of your strategy for the beginners like me here to trading crypto? surely someone like you who been doing this trading for a while across a few exchanges, isn't just selling his bitcoins high and buying them back low back and forth like rest of us mere mortals huh?

so you survived the btc price crash with flying colors I gather? my bitcoin got stuck in transit.. then reached binance when the party was over... who to blame for this? cause im tired of blaming myself jk... no but seriously.. i just had to watch it live drop by 3k that day and couldn't do a thing! talk about a loss huh

ok I check BOA now. ty

cheers

I don’t actively trade. To me that’s a mistake. Buy what you can afford, at a price point that you can live with, and hold. Domains are no different.

Trying to become a day trader and flip assets quick is a game most fail at.

 

[alcy]

I don’t actively trade. To me that’s a mistake. Buy what you can afford, at a price point that you can live with, and hold. Domains are no different.

Trying to become a day trader and flip assets quick is a game most fail at.

well.. u have a point.. i mean really.. its a roulette. you sell your bitcoin at 5000$ and it can either go up or down.. and you've no clue which way it'll go.

thats gambling really.. isn't it... not much difference.

still.. we can read stories about successful quick multi trade day traders.. stocks... and crypto.. how do they do it then... i mean do you literally have to stare at your screen 24/7 to be successful at this lol is this their secret?

 

[SirDrago]

well.. u have a point.. i mean really.. its a roulette. you sell your bitcoin at 5000$ and it can either go up or down.. and you've no clue which way it'll go.

thats gambling really.. isn't it... not much difference.

still.. we can read stories about quick multi trade day traders.. stocks... and crypto.. how do they do it then... i mean do you literally have to stare at your screen 24/7 to be successful at this lol is this their secret?

99% of those videos are bullsh*t !
They try to sell you some cheesy course or ebook.

 

[Keith]

. i mean do you literally have to stare at your screen 24/7 to be successful at this lol is this their secret?

The exact opposite. Buy what you can afford and close the door.

Imaging buying btc at $10 and checking everyday only to see it go to $100. Of course you sell. But, if you quit thinking in short and wait, you see it go to $1000 then $10000.

The short game rarely wins.

 

[alcy]

99% of those videos are bullsh*t !
They try to sell you some cheesy course or ebook.

well.. u know.. it was like articles and stuff..
but your right lol
nothing beats a dude that shows up somewhere and says I can sell you book for 20$ that will teach you to make $1000 per day. seriously.. if u know how to make $1000 a day.. why you waste time selling books @ 20$ lol

scammers can be funny. lol
except it aint funny for those they scam.
scamming is big business.. huge money lost annually all over the world.
even now with crypto I reasd somewhere recently.. hackers and scammers are hard at work tryin to get/steal some crypto... i forget how much of it gets stolen.. but its big numbers.. crypto is like hacking paradise...

also saw yutube video recently about those good hackers who like work on bounties to find bugs and stuff.. for big companies.. some of those companies offer like 100s of thousands $ if u can find ways to hack them.. or find bugs etc.. its a world on its own.. like gamers.. gaming.. big money there too if your good.. its neat there are so many new ways to make money on internet.. this could become even more important now.. that the virus is around.. maybe there will be a bigger shift to internet now also... this could be good for domainers.. maybe increase domain sales.. domain values.. if internet just becomes bigger and more important than before.. due to corona...

 

[SirDrago]

Just broke through the 5k block wall.
Don't know why, any recent news?

 

[alcy]

nope... and i aint trading no more so don't tempt me. i wanna sleep some. :P

 

[alcy]

ok but let me ask one more thing then...
when im on binance.. and I see that walll of buy sell orders that lights all day long like a xmas tree... isnt most of that stuff people doing their daily multi quick trades? you know, the stuff we said we shuldn't be doing cause in most cases it results in losses not profits.. or where is all those orders coming from? longer term traders like you?

a decent question right?

 

[alcy]

this is interesting:
https://www.newsbtc.com/2020/03/16/...production-cost-miners-are-better-off-buying/

"...btc falls under cost of production.. miners might as well buy btc instead.........
.......According to the current cost of production, on the highest end, it costs around $8,000, and on the low end, it costs roughly $4,800."

......."The halving cuts the reward miners receive in half. This means that in just two months when Bitcoin’s halving rolls around, the cost of production will double overnight, taking the aforementioned prices to $16,000 on the high end and $9,600 on the lower end...."

 

[SirDrago]

ok but let me ask one more thing then...
when im on binance.. and I see that walll of buy sell orders that lights all day long like a xmas tree... isnt most of that stuff people doing their daily multi quick trades? you know, the stuff we said we shuldn't be doing cause in most cases it results in losses not profits.. or where is all those orders coming from? longer term traders like you?

a decent question right?

Both, people set their sell orders at certain prices, some just wing it.

Mining is dead!
Only a few profitable miners left. Too expensive now and most countries raised the electric cost.

DON'T SLEEP!

 

[Ante4L]

% in both. HODL both.

 

[alcy]

Both, people set their sell orders at certain prices, some just wing it.

Mining is dead!
Only a few profitable miners left. Too expensive now and most countries raised the electric cost.

Show attachment 147808

DON'T SLEEP!

haha.. no i gotta sleep. tomorrow is another big day at the btc casino hahaha jk
i used to hve bit gamble problem when i was young so I prolly shouldn't be touching stuff like this too much .. its mostly yer fault cause you always answer all my questions.. and tell me not to sleep lol

still itd be interesting to know what % people are doing muiltiple quick daily trades.. and how many do like a trade per day... or a trade per few days.. like you.. I mean that wall of orders.. man.. it never stops.. trading crypto became insanely popular.. people must be making ton of money on exchanges.. i know not all those orders are profits.. but overall.. profits gotta be more than losses i guess.. binance doesn't really have any nice tools to keep track of profit vs losses... maybe some other eschanges do?? i dunno. people use some extra tools to know how much ahead or behind they are in crypto.. do you? like which ones? binance is a bit poor in the tools dept.. no profit loss tool... i'd also love to be able to set like an alarm or beep thing when btc reaches X Value. etc.. maybe they add it in future. i guess there are more developed xchanges than binance.. i just chose them to start cause i read they hagve lowest trade fees.

 

[alcy]

..and what do you mean mining is dead? if mining dies its not a good thing for btc... or how does value of btc relate to how well or bad mining is doing in your view?

 

[alcy]

% in both. HODL both.

sorry but which both of what are we hodling again? sorry you lost me there.

 

[Ante4L]

sorry but which both of what are we hodling again? sorry you lost me there.

Liquid Domains and Crypto.

 

[SirDrago]

@alcy
Your minutes away from your sell target.

 

[garptrader]

BCH approaching short-term resistance around $180...

just an observation....

 

[SirDrago]

BCH approaching short-term resistance around $180...

just an observation....

Same with ETH at $120

 

[garptrader]

Observation BCH breaks $180 - see if it holds

 

[alcy]

do u guys keep track of your crypto earnings overall? like how much you lost or made overall? a tool that keeps track of all your trades.. positive/negative... and that takes into account bitcoin flactuations etc... u know like the most recent 3-4k dip... binance doesn't have any tools like this... all they got there is total btc count you own now...and its total usd value by current price. its be nice to know overall if we made profit or are in the red with all our trades etc... i guess if u buy 1btc for 10k, and then it dips to 5k then its loss and you're out 5k. assuming you weren't around to convert to stable coin before it fell... and unless and until it goes back up again.

im disapointed a bit with lack of tools on binance.. like profit/loss tracking tools... or even value alarms for btc would be great... the pros here who deal with other exchanges, do you have better tools there? ty.

 

[alcy]

wow... that isn't good.. the owner of binance said today.. as long as I got a penny left in my pocket, I won't let btc die.. wtf?! are things so dark for bitcoin that he gotta make statements like these??

 

[garptrader]

One YouTube channel I follow is a bitcoin miner and BTC is currently trading under the cost of production for most US miners. In China and some other parts of the world electricity costs are lower so mining farms in higher-cost areas could be forced to shut down concentrating mining power in parts of the world with lower electric costs. The halving will lower mining rewards but as miners drop out in short order a mining difficulty adjustment would kick in which effectively should prevent the network from having to shut down. But proof of work creates this sort of obstacle. Eventually Ethereum will move to proof of stake but I believe BTC will be proof of work because a change to proof of stake would effectively be a hard fork creating a different coin.

 

[SirDrago]

Google Pay adds support for Coinbase's Bitcoin card
Coinbase Card customers can now spend Bitcoin using Google Pay on their phone. But, after the price drop, they might not want to.

https://decrypt.co/22647/google-pay-adds-support-for-coinbases-bitcoin-card

 

[garptrader]

Most crypto wallet cards require you to convert the crypto to fiat first so the retailer receives payment in their local currency. I used the Crypto.com card on a trip to Santa Marta, Colombia and was able to use it at a grocery store and a couple of atms. The atm or retailer needs to be on the VISA network which in foreign countries is not automatic. I had to try several atms before I found one that worked.

 

[Jv1999]

Put in your buy orders!! I have the following orders:

ETH $100, $91, and $85
BTC $4300, $4001, $3751

Hahah wish me luck!

but how do you know it's going to fall more?

I'm assuming it will, given... the craziness of the world now. Movie theaters closing... workplaces closing. Our apartment complex's services closed save for essential emergencies... but the main office is gone. Rent is excused per se.

So that's why I think it's goign to fall..

but u have insider info or something that it's definitely going below 4.3k? U even took away ur higher orders!