Crypto

[texas]

Any of yall into crypto? [mention]BF004[/mention]

I'm pretty new to it (although I was aware of it in 2012 and am kicking myself relentlessly for not getting in). I put $300 in VEChain last summer and found 5k in my account the other day lol, but that's my biggest win.

I am trying to listen to some of my friends who are crypto millionaires and just copy what they do. Right now they're all getting into these decentralized coins, so I am following suit: https://hoge.finance/#how-buy-sec

They're gambling more than I am, but I still am putting up a little bit. Who knows what the right moves are.

[BF004]

I am most bullish on Chainlink, for a major coin to keep hitting the 40-60% returns. Throw some initial money and when you can, keep throwing in 20-50 a paycheck, just ride the dips and rips, enjoy your tendies long term.


Absolutely not too late to get in. Don’t FOMO anymore. Pretty sure everyone wishes they got in earlier.


I got a lot of eth, but hard to say pump that at the moment when it’s hitting ath’s several times a day. If that pulls back to like 2300, I’d dump on that.

It’s inevitable bitcoin is going to 80 and 100, just a matter if as fast as other coins grow. I actually think bitcoin gunna rip to 80 soon, like tomorrow to within 2 months.

[BF004]

So I'm just a big nobody, but right now around 29.75 and 54,500, I am a fan of that buy in price, today, for chainlink and bitcoin, respectively.

I'd try really hard to get some Ethereum long term in your portfolio, just not sure if I'd buy it today. I apologize if it runs to 3K without dipping, but anything in the 2,3XX I'd get in, prolly my price point where I'd pump more into it myself, but no guarantee it isn't going to keep running.


So depends on your strategy. Bitcoin is the safest, it is the gold of crypto, not the best coin/metal, not as many practical uses, but it is what everyone uses, major institutions, it is the crypto gold standard. Nothing gunna pass it in market cap for quite a while. 80K and 100K are inevitable, so you'll get your returns, prolly likely to happen quicker on other coins, but BTC won't fail you.

Ethereum and the ethereum network and smart contracts are the future of everything going forward, and Chainlink is the thing that is going to bind it altogether, from ETF's, to crypto coins, to bank transfers. They kind of go together, but Link is where it's at. Again, I am just a slob not knowing anything, but I think Chainlink is going to be the big one, the coin is going to 4 digits and 5 digits in our lifetime, not too late.

So if you wanna just buy and hold onto something for 10-20-30 years, get ethereum and chainlink, pretty much ignore the price, just keep pumping through the years, it will reward you handsomely.

This is not financial advice, do your own DD. Also, buy some AMC stock. Don't know if that's gunna short squeeze ever, but I think the price goes to at least 20-30 before all is said and done once they start covering shorts. I like that as a multi-week/month investment.

Also diversify, I have more precious metals than I do crypto still, which is hard today given the returns, but I like it. Get term life insurance today (never by full life insurance if you can afford not to) while young, invest in metals, it is the lone asset I have that the IRS has no clue how much I have. Gains are not taxed, no capital gains, no inheritance tax, that will be my life insurance when I'm older and/or my inheritance to my kids (some of it, not all of it, again diversify). Send your premiums to metal, and instead of someone scraping off 20%, you can earn 20% if not 200%.

Returns are lower today v crypto, prolly for the next few years, but lack of taxes and paper trails are clear hidden advantages that aren't easily quantifiable especially with variable tax rates.

[TheGreenMan]

In it for a few years now, portfolio is mostly made up of Ether, Amp, and Chainlink.

Rest of it is made up of Cardano, Bitcoin, Stellar, Storj, and most recently Kin.

I'll continue to drop money into Ether no matter the price. And will continue to drop into Amp until I reach at least 100k tokens. The rest as I see fit.

[Drj820]

BAT Token has made me money. I think it is expected to continue to rise. It dips alot and then comes back strong. Buy the dip and make some easy money

BAT token grows as the BRAVE browser grows. On the browser, you can earn BAT by watching ads, or you can pay BAT to disable the ads. It is gaining popularity as an alt to Safari and Chrome because it doesnt store or sale any user data. Content creators are also using it to escape googles Youtube.

I am a fan.

[paco]

BAT Token has made me money. I think it is expected to continue to rise. It dips alot and then comes back strong. Buy the dip and make some easy money

BAT token grows as the BRAVE browser grows. On the browser, you can earn BAT by watching ads, or you can pay BAT to disable the ads. It is gaining popularity as an alt to Safari and Chrome because it doesnt store or sale any user data. Content creators are also using it to escape googles Youtube.

I am a fan.

I just downloaded Brave, going to give it a try. I've got .015 BAT so far! A whole .02 USD worth! Not bad for just 1 ad.

[APB]

I’d like to hear what you all think of BRAVE.

[paco]

I used it for an hour or so but basically just Twitter and Google. But seemed fast.

[Drj820]

I’d like to hear what you all think of BRAVE.

I only have it on my phone because I use a work laptop for everything on a computer. But it feels just like Safari or other popular mobile browsers. It is fast and works fine for me. I recommend giving it a try. Buy some BAT Token first tho

[paco]

I used it all night tonight. Had 3 separate instances and about 9-10 tabs open. Nice and fast, no issues. Crypto or not, I'll keep using it.

[TheGreenMan]

Okay let me shill Amp.

Amp is a collateral token, open and decentralized, that will be used for payments on the Flexa network payment system. Customers using the network will be paying retailers, that will be integrated into major payment apps. Amp will be used for full payment instantly, as collateral of course.

Amp is compatible with any asset, so this means you're able to pay in any form of crypto you want. It's important to understand how this all works. Currently we have a system in place that has a ton of middlemen between an initial payment between a customer and a merchant. These obviously would include banks and other financial institutions, that all charge high fees. Merchants eat these costs while the banks profit, so they're forced to raise costs to customers to cover fees or provide lower services. Below is what a typical transaction looks like without Flexa:



Pretty elaborate. With these payments, and fees , merchants are charged billions of dollars a year. Simply, merchants are spending a lot of money just to allow customers to spend money in their stores. To solve this we have Flexa:



Flexa provides a completely streamline payment system that cuts out those middlemen. Because of the collateralization, anyone including business, merchants, hedge funds, exchanges are all allowed to purchase Amp tokens.

A big question that gets asked is, what happens if a transaction doesn't go through, doesn't clear. For example: The customer spends $50 of BTC (or even a stable coin like GUSD) > the stakers put in $50 of Amp tokens to the support the transaction > the transaction does not clear (e.g., the transaction bounces or is fraudulent) > Flexa pays the merchant $50 and liquidates the Amp token collateral. The Amp token stakers lose their $50 this time.

Merchant wins either way.

One of the biggest problems in the crypto world is people are always asking, "How do I spend this?" and if anyone is familiar with crypto, such as Bitcoin, it is just not possible to just BTC on a simple transaction in brick and mortar. It's too slow, nobody has 25-30 mins to wait in a store while the transaction goes through. Well, now you don't have too with Amp as the collateral. The merchant can set however type of currency (crypto coins) they want.

In a world looking for reasons to own crypto, and spend it, the team behind this is looking to solve this. One of the best parts about Amp and Flexa - is it already works. Unbeknownst to many it's already in stores such as Lowes, Baskin Robbins, Dunkin Donuts, Petco, Gamestop, and others (You'll see videos of people doing it on their subreddit, to the amazement of cashiers). You're able to pay in whatever form of crypto you want, with the compatible wallet apps (more are coming). Currently there's talk of Shopify integration.

I currently don't have the page of founders, and backers, but the list is extensive, with ties to Amazon, Walmart, Nasa, etc. You can find out more on Flexa website, as well as Amp's. I'll also note that Amp is on the Gemini Exchange, that was founded by the Winklevoss twins, whom supposedly had the Facebook idea before Zuckerberg.

Anyway, this isn't financial advise.

[TheGreenMan]

Helpful links:

Reddit
Amp Website
Flexa Website

I'd also advise to check out their discord, great information and announcements.

[Drj820]

Okay let me shill Amp.

Amp is a collateral token, open and decentralized, that will be used for payments on the Flexa network payment system. Customers using the network will be paying retailers, that will be integrated into major payment apps. Amp will be used for full payment instantly, as collateral of course.

Amp is compatible with any asset, so this means you're able to pay in any form of crypto you want. It's important to understand how this all works. Currently we have a system in place that has a ton of middlemen between an initial payment between a customer and a merchant. These obviously would include banks and other financial institutions, that all charge high fees. Merchants eat these costs while the banks profit, so they're forced to raise costs to customers to cover fees or provide lower services. Below is what a typical transaction looks like without Flexa:



Pretty elaborate. With these payments, and fees , merchants are charged billions of dollars a year. Simply, merchants are spending a lot of money just to allow customers to spend money in their stores. To solve this we have Flexa:



Flexa provides a completely streamline payment system that cuts out those middlemen. Because of the collateralization, anyone including business, merchants, hedge funds, exchanges are all allowed to purchase Amp tokens.

A big question that gets asked is, what happens if a transaction doesn't go through, doesn't clear. For example: The customer spends $50 of BTC (or even a stable coin like GUSD) > the stakers put in $50 of Amp tokens to the support the transaction > the transaction does not clear (e.g., the transaction bounces or is fraudulent) > Flexa pays the merchant $50 and liquidates the Amp token collateral. The Amp token stakers lose their $50 this time.

Merchant wins either way.

One of the biggest problems in the crypto world is people are always asking, "How do I spend this?" and if anyone is familiar with crypto, such as Bitcoin, it is just not possible to just BTC on a simple transaction in brick and mortar. It's too slow, nobody has 25-30 mins to wait in a store while the transaction goes through. Well, now you don't have too with Amp as the collateral. The merchant can set however type of currency (crypto coins) they want.

In a world looking for reasons to own crypto, and spend it, the team behind this is looking to solve this. One of the best parts about Amp and Flexa - is it already works. Unbeknownst to many it's already in stores such as Lowes, Baskin Robbins, Dunkin Donuts, Petco, Gamestop, and others (You'll see videos of people doing it on their subreddit, to the amazement of cashiers). You're able to pay in whatever form of crypto you want, with the compatible wallet apps (more are coming). Currently there's talk of Shopify integration.

I currently don't have the page of founders, and backers, but the list is extensive, with ties to Amazon, Walmart, Nasa, etc. You can find out more on Flexa website, as well as Amp's. I'll also note that Amp is on the Gemini Exchange, that was founded by the Winklevoss twins, whom supposedly had the Facebook idea before Zuckerberg.

Anyway, this isn't financial advise.

It sounds cool but I hate having to connect a bank account and confirm identity for so many different sites. It doesnt appear that Coin Base sells AMP and that is what I use for Alt coins and then Cash App for Bitcoin. Maybe it will become more available or i should bend the knee and start giving other people my bank info.

[TheGreenMan]

Okay let me shill Amp.

Amp is a collateral token, open and decentralized, that will be used for payments on the Flexa network payment system. Customers using the network will be paying retailers, that will be integrated into major payment apps. Amp will be used for full payment instantly, as collateral of course.

Amp is compatible with any asset, so this means you're able to pay in any form of crypto you want. It's important to understand how this all works. Currently we have a system in place that has a ton of middlemen between an initial payment between a customer and a merchant. These obviously would include banks and other financial institutions, that all charge high fees. Merchants eat these costs while the banks profit, so they're forced to raise costs to customers to cover fees or provide lower services. Below is what a typical transaction looks like without Flexa:



Pretty elaborate. With these payments, and fees , merchants are charged billions of dollars a year. Simply, merchants are spending a lot of money just to allow customers to spend money in their stores. To solve this we have Flexa:



Flexa provides a completely streamline payment system that cuts out those middlemen. Because of the collateralization, anyone including business, merchants, hedge funds, exchanges are all allowed to purchase Amp tokens.

A big question that gets asked is, what happens if a transaction doesn't go through, doesn't clear. For example: The customer spends $50 of BTC (or even a stable coin like GUSD) > the stakers put in $50 of Amp tokens to the support the transaction > the transaction does not clear (e.g., the transaction bounces or is fraudulent) > Flexa pays the merchant $50 and liquidates the Amp token collateral. The Amp token stakers lose their $50 this time.

Merchant wins either way.

One of the biggest problems in the crypto world is people are always asking, "How do I spend this?" and if anyone is familiar with crypto, such as Bitcoin, it is just not possible to just BTC on a simple transaction in brick and mortar. It's too slow, nobody has 25-30 mins to wait in a store while the transaction goes through. Well, now you don't have too with Amp as the collateral. The merchant can set however type of currency (crypto coins) they want.

In a world looking for reasons to own crypto, and spend it, the team behind this is looking to solve this. One of the best parts about Amp and Flexa - is it already works. Unbeknownst to many it's already in stores such as Lowes, Baskin Robbins, Dunkin Donuts, Petco, Gamestop, and others (You'll see videos of people doing it on their subreddit, to the amazement of cashiers). You're able to pay in whatever form of crypto you want, with the compatible wallet apps (more are coming). Currently there's talk of Shopify integration.

I currently don't have the page of founders, and backers, but the list is extensive, with ties to Amazon, Walmart, Nasa, etc. You can find out more on Flexa website, as well as Amp's. I'll also note that Amp is on the Gemini Exchange, that was founded by the Winklevoss twins, whom supposedly had the Facebook idea before Zuckerberg.

Anyway, this isn't financial advise.

It sounds cool but I hate having to connect a bank account and confirm identity for so many different sites. It doesnt appear that Coin Base sells AMP and that is what I use for Alt coins and then Cash App for Bitcoin. Maybe it will become more available or i should bend the knee and start giving other people my bank info.

Unfortunately that's the way things go with crypto and exchanges. I do my research and due diligence, reading reviews on all exchanges I'm a part of (4). I once was you, didn't want to branch out from Coinbase, but then quickly realized that tokens and coins start taking off when they meet standards and go through the Coinbase Custody process. And get finally listed on huge exchanges like Coinbase and Binance.

In other words, people are stacking up on coins, listed on more obscure, at low prices before they take off on Coinbase/Binance. If you're not familiar with the "Coinbase Effect", do a quick search and you'll see that people are making the most money after they've hit a large exchange/reach larger crowds.

Obviously it's all speculation at this point, but I cannot see Amp reaching at least $1 someday. Current price is sitting around .05 floor, with steady growth. It'll "pop" when it reaches a large exchange - and by then it might be "too late" to stack up.

Amp has been on the Coinbase radar, and was mentioned in a custody process article back in Oct. If/When it does hits Coinbase, that price won't be where it's at now.

[Drj820]

Okay let me shill Amp.

Amp is a collateral token, open and decentralized, that will be used for payments on the Flexa network payment system. Customers using the network will be paying retailers, that will be integrated into major payment apps. Amp will be used for full payment instantly, as collateral of course.

Amp is compatible with any asset, so this means you're able to pay in any form of crypto you want. It's important to understand how this all works. Currently we have a system in place that has a ton of middlemen between an initial payment between a customer and a merchant. These obviously would include banks and other financial institutions, that all charge high fees. Merchants eat these costs while the banks profit, so they're forced to raise costs to customers to cover fees or provide lower services. Below is what a typical transaction looks like without Flexa:



Pretty elaborate. With these payments, and fees , merchants are charged billions of dollars a year. Simply, merchants are spending a lot of money just to allow customers to spend money in their stores. To solve this we have Flexa:



Flexa provides a completely streamline payment system that cuts out those middlemen. Because of the collateralization, anyone including business, merchants, hedge funds, exchanges are all allowed to purchase Amp tokens.

A big question that gets asked is, what happens if a transaction doesn't go through, doesn't clear. For example: The customer spends $50 of BTC (or even a stable coin like GUSD) > the stakers put in $50 of Amp tokens to the support the transaction > the transaction does not clear (e.g., the transaction bounces or is fraudulent) > Flexa pays the merchant $50 and liquidates the Amp token collateral. The Amp token stakers lose their $50 this time.

Merchant wins either way.

One of the biggest problems in the crypto world is people are always asking, "How do I spend this?" and if anyone is familiar with crypto, such as Bitcoin, it is just not possible to just BTC on a simple transaction in brick and mortar. It's too slow, nobody has 25-30 mins to wait in a store while the transaction goes through. Well, now you don't have too with Amp as the collateral. The merchant can set however type of currency (crypto coins) they want.

In a world looking for reasons to own crypto, and spend it, the team behind this is looking to solve this. One of the best parts about Amp and Flexa - is it already works. Unbeknownst to many it's already in stores such as Lowes, Baskin Robbins, Dunkin Donuts, Petco, Gamestop, and others (You'll see videos of people doing it on their subreddit, to the amazement of cashiers). You're able to pay in whatever form of crypto you want, with the compatible wallet apps (more are coming). Currently there's talk of Shopify integration.

I currently don't have the page of founders, and backers, but the list is extensive, with ties to Amazon, Walmart, Nasa, etc. You can find out more on Flexa website, as well as Amp's. I'll also note that Amp is on the Gemini Exchange, that was founded by the Winklevoss twins, whom supposedly had the Facebook idea before Zuckerberg.

Anyway, this isn't financial advise.

It sounds cool but I hate having to connect a bank account and confirm identity for so many different sites. It doesnt appear that Coin Base sells AMP and that is what I use for Alt coins and then Cash App for Bitcoin. Maybe it will become more available or i should bend the knee and start giving other people my bank info.

Unfortunately that's the way things go with crypto and exchanges. I do my research and due diligence, reading reviews on all exchanges I'm a part of (4). I once was you, didn't want to branch out from Coinbase, but then quickly realized that tokens and coins start taking off when they meet standards and go through the Coinbase Custody process. And get finally listed on huge exchanges like Coinbase and Binance.

In other words, people are stacking up on coins, listed on more obscure, at low prices before they take off on Coinbase/Binance. If you're not familiar with the "Coinbase Effect", do a quick search and you'll see that people are making the most money after they've hit a large exchange/reach larger crowds.

Obviously it's all speculation at this point, but I cannot see Amp reaching at least $1 someday. Current price is sitting around .05 floor, with steady growth. It'll "pop" when it reaches a large exchange - and by then it might be "too late" to stack up.

Amp has been on the Coinbase radar, and was mentioned in a custody process article back in Oct. If/When it does hits Coinbase, that price won't be where it's at now.

Great insight. Sorry if i missed it and you stated it earlier, but do you mind sharing what 4 exchanges you are a part of? I would probably look to trust those more just based off the reference. Thanks.

[TheGreenMan]

It sounds cool but I hate having to connect a bank account and confirm identity for so many different sites. It doesnt appear that Coin Base sells AMP and that is what I use for Alt coins and then Cash App for Bitcoin. Maybe it will become more available or i should bend the knee and start giving other people my bank info.

Unfortunately that's the way things go with crypto and exchanges. I do my research and due diligence, reading reviews on all exchanges I'm a part of (4). I once was you, didn't want to branch out from Coinbase, but then quickly realized that tokens and coins start taking off when they meet standards and go through the Coinbase Custody process. And get finally listed on huge exchanges like Coinbase and Binance.

In other words, people are stacking up on coins, listed on more obscure, at low prices before they take off on Coinbase/Binance. If you're not familiar with the "Coinbase Effect", do a quick search and you'll see that people are making the most money after they've hit a large exchange/reach larger crowds.

Obviously it's all speculation at this point, but I cannot see Amp reaching at least $1 someday. Current price is sitting around .05 floor, with steady growth. It'll "pop" when it reaches a large exchange - and by then it might be "too late" to stack up.

Amp has been on the Coinbase radar, and was mentioned in a custody process article back in Oct. If/When it does hits Coinbase, that price won't be where it's at now.

Great insight. Sorry if i missed it and you stated it earlier, but do you mind sharing what 4 exchanges you are a part of? I would probably look to trust those more just based off the reference. Thanks.

No, not at all.

Coinbase, Gemini, Kraken, and Gate.iO.

My only complaint with Kraken is the verification process is really rough. I've never been able to get my bank account approved (could be my bank's fault too), but instead have only been able to transfer non fiat currency. Gate.iO, however does not support bank accounts or debit cards - it's strictly for transfer of non fiat.

[TheGreenMan]

For those that are into crypto, TokenSniffer is a great little site that lets you put in a crypto token name and it'll kick back information regarding contracts. Essentially it'll let you know if a particular coin has similar tendencies, coding, or like projects. Similar contracts and coding may indicate the project isn't "new" or have been literally copycat from a previous project. Helps you steer clear of scams and rug pulls.

[BF004]

3K eth

[TheGreenMan]

3K eth

Was expecting the pullback as soon as it crossed $3k, this morning it don't look like it.

[Captain_Ben]

What do you guys think of Litecoin? I bought a few coins last year and it's done ok. Glad I still have my ETH too!