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ProjectJourneyman

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Everything posted by ProjectJourneyman

  1. ProjectJourneyman
    I'm starting to understand the debt ratio; essentially when borrowing you want to have a few multiples of what you want to work with until you understand enough to ensure you won't get liquidated on big market swings. Get more aggressive when you understand things better, but don't over-leverage too quickly.
  2. ProjectJourneyman
    That's awesome, did you pursue talking further? Sounds like you may have found a keeper. Your next find will probably not know the first thing about crypto and will find your interest in it strange ๐Ÿ˜‚
  3. ProjectJourneyman
    There are different time horizons. 1-4 months is relatively short term, and I love earning ~10-12% on my USDC before I have to pay taxes. Ultra short-term, a few hours to days I'm totally OK with USDT. I'm not planning to put a large percentage of my portfolio in any stablecoin for several years though.
  4. ProjectJourneyman
    Yea, so far it's been a pretty good experience. I've placed in the lower rungs on a few days and have some NMX but on many days I'm pretty low. Since limit orders aren't available I am not present frequently enough to do well -- plus I don't research enough to know what's going to move in 24 hours. I'm pretty sure some of the players do! So, to that point I'm learning. Worth my attention so far.
  5. ProjectJourneyman
    If I could create a coin and price it at $50,000 I'd be happy to sell one to myself and one or more to some other unsuspecting dup before everyone realized it was worthless. Kidding! Mostly ๐Ÿ˜„
  6. ProjectJourneyman
    I have absolutely no idea what DICE will be useful for other than playing dice... but while there's no buy orders on the BTC market there are for DOGE which makes this airdrop of some value. I'm still using investbox to grow what I have.
  7. ProjectJourneyman
    Another way to look at it - if you use tax accounting software it can give you an idea of your results. If you don't need to generate tax forms a few of them are free.
  8. ProjectJourneyman
    I'm testing the competition and so far I'm not an amazing trader ๐Ÿ˜‚ It's a good way to test different theories though, with real data.
  9. ProjectJourneyman
    Good point about fake volume. I'd always be suspicious if a coin that has only one exchange, as they can create as much fake data as they want (not that I suspect Yobit, I just don't need to decide since 1 exchange isn't enough)
  10. ProjectJourneyman
    Excellent point. Is it really a cryptocurrency if there's only one place to buy/sell it and it has no utility? That sounds like a terrible place to park your money and lose it.
  11. ProjectJourneyman
    It's a personal call how you do accounting, but it's hard to say you've truly profited until you take something out. If I buy and sell Bitcoin and turn my $100 into $200, but then the price crashes so hard that I now could only sell for $50 -- have I really profited?
  12. ProjectJourneyman
    Alright, you convinced me and I bought some Water. Not enough to cry if it loses value, but having some skin in the game will make me more interested to see how this works.
  13. ProjectJourneyman
    I wouldn't call it "investing", as it's really just parking your money... or allowing you to move it somewhere to invest it. I can invest my stablecoins for 12% interest (which I can't do with fiat). I can't do that by just buying and holding though. Also, USDT has a rocky reputation, but USDC seems a little better audited.
  14. ProjectJourneyman
    While I did buy one of those $1 metal commemorative coins for fun, in general no it's a terrible idea to have a physical bitcoin. Although a few years ago one guy made a killing selling Chuck-E-Cheese tokens and telling people that they were Bitcoin. Oh, damnit I just googled it and that story was a fake. Glad I looked it up! ๐Ÿคฃ
  15. ProjectJourneyman
    Bitcoin is the exact opposite of a privacy coin. Transactions are public, which is the exact reason that so-called privacy coins are becoming popular. While the owner of an address may not always be obvious, sometimes it can be discovered, and then all transactions linked to that address are known.
  16. ProjectJourneyman
    A few people are confusing rate of increase with price. Will NRG surpass ETH in price? Probably not at the current trajectory. It doesn't need to hit $250 though to *outpace* ETH. It's harder to believe established coins like ETH and BTC will 10x, but a coin that's priced at 1% of ETH has a lot of room to grow.
  17. ProjectJourneyman
    As frustrating as it is to have the biggest sites in the US only support a few coins, most newbies shouldn't have access to the cesspool of garbage alts that make huge claims but have nothing to deliver. That friction helps slow down people dumping their money into a pit, hopefully long enough for them to learn a few things and be safer.
  18. ProjectJourneyman
    I came in to see if this was a scam, and it didn't disappoint. Full on, unabashed taking advantage of the situation to scam people. Not even trying very hard to hide it ๐Ÿคฃ I'd report to a scam tracker web site, but the kind of people this is targeting may not be savvy enough to do any kind of research.
  19. ProjectJourneyman
    I was excited to find that there were crypto ATMs here in my city, but that excitement faded when I realized that they charge 8%-15% in fees. In the crypto world I work to keep margins razor thin and that kind of fee is way too much for the novelty factor, for me. (since I'm not crypto rich; more of my money is in fiat)
  20. ProjectJourneyman
    @BITC0IN alright, I'll try it. Hope I trade victoriously! Thanks for the reminder/clarification that it's a no-risk tournament. Should be fun!
  21. ProjectJourneyman
    Price per coin might matter if you're getting one coin and get to choose which one. Otherwise... remember the riddle about which is heavier, a pound of feathers or a pound of lead.
  22. ProjectJourneyman
    Newcomers use brand-recognition coins, and everyone's fighting with marketing power. After a while they look at other attributes to make choices. Although yes, there's a psychological component in owning a whole "coin" rather than .0001 of BTC ๐Ÿ˜„ That doesn't make it a good investment though. I can buy millions of 1 satoshi shitcoins and it won't make me any richer.
  23. ProjectJourneyman
    I'd say we dont' need anything BUT stable coins, except then the question is what should they be stable to. The sharp fluctuations are preventing spending cryptocurrency in daily transactions, I think.
  24. ProjectJourneyman
    Well... the BitForex exchange gave me $10 to test out their futures contracts, and it was going well until a market move caused me to liquidate. So you can trade just fine with $10, but basically you want several multiples of the amount you want to actually have invested to ensure you don't get liquidated (until you know what you're doing)
  25. ProjectJourneyman
    Not sure why anyone will be buying on July 1, so its hard to know if I'm gambling with anything of value! Too bad InvestBox isn't actually generating revenue for me right now, but will hold on.
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