Crypto currency

Discussion in 'Business, Investing & Finance' started by Gator By Marriage, Mar 16, 2019.

  1. Detroitgator

    Detroitgator Well-Known Member
    Lifetime Member

    Joined:
    Jul 15, 2014
    Messages:
    17,931
    Oxbucks:
    $12,665
    Ratings:
    +20,523 / -137
    Your tiny wallet got fatter.
     
    • BMF

      BMF Bad Mother....
      Lifetime Member

      Joined:
      Sep 8, 2014
      Messages:
      16,850
      Oxbucks:
      $19,703
      Ratings:
      +26,821 / -407
      Bitcoin breaks $50k this morning.
       
    • BMF

      BMF Bad Mother....
      Lifetime Member

      Joined:
      Sep 8, 2014
      Messages:
      16,850
      Oxbucks:
      $19,703
      Ratings:
      +26,821 / -407
      MARA up 16% to $44.

      MFH is similar to MARA, but cheaper. It's up 25% today, to just over $8.
       
    • Concrete Helmet

      Concrete Helmet Hook, Line, and Sinker
      Lifetime Member

      Joined:
      Jul 29, 2014
      Messages:
      14,198
      Oxbucks:
      $8,358
      Ratings:
      +13,584 / -991
       
      • Concrete Helmet

        Concrete Helmet Hook, Line, and Sinker
        Lifetime Member

        Joined:
        Jul 29, 2014
        Messages:
        14,198
        Oxbucks:
        $8,358
        Ratings:
        +13,584 / -991
        Get it will it's hot guys..... I'm fixing to off load my gold miners stock and park it there(Grayscale)as soon as it goes back to 45....

        I think I've found more gold in my sock drawer than those useless Canadian miners have since I bought that stock...
         
      • UFHealthGator

        UFHealthGator Well-Known Member
        Lifetime Member

        Joined:
        Nov 12, 2017
        Messages:
        1,191
        Oxbucks:
        $2,694
        Ratings:
        +2,795 / -121
        Your hardware wallet holds your 24 phrase combination without allowing it to contact the outside world, and authorizes transactions. To activate the wallet you only need to put in your pin number. You also have to have your 24 phrase combination also written somewhere else. You can write it down on a card, but there are metal cards that are made specifically to store your passphrases, which you can store inside your fire resistant safe. Or you can store those passphrases offsite in a bank box if you like.

        As long as you have access to either your passphrases OR your hardware wallet, you can recover all your crypto accounts.

        And yes if you find this too complicated, then just park your funds on Blockfi or Gemini, and earn interest. Just be advised that crypto is not FDIC insured obviously, and if BlockFi or Gemini gets hacked, or they go under for whatever reason, they owe you nothing.
         
      • Gatormac2112

        Gatormac2112 The Voice of Reason
        Lifetime Member

        Joined:
        Sep 7, 2014
        Messages:
        1,595
        Oxbucks:
        $1,540
        Ratings:
        +2,634 / -53
        So what do I do, buy bitcoin with coinbase pro app, then transfer it to this wallet? Then I actually am holding the actual bitcoin? I'm still a dummy with this stuff.

        How is this online wallet different from having it with coinbase? Again, I just don't know.
         
      • BMF

        BMF Bad Mother....
        Lifetime Member

        Joined:
        Sep 8, 2014
        Messages:
        16,850
        Oxbucks:
        $19,703
        Ratings:
        +26,821 / -407
        Bitcoin over $51K today.

        MARA at $45 (was over $48 earlier).

        MFH up 25%, over $10.49/share.
         
        • Taco Gratis

          Taco Gratis Well-Known Member

          Joined:
          Jun 2, 2016
          Messages:
          4,850
          Ratings:
          +4,384 / -254

          My understanding is with Coinbase, you don't control your private keys. You also run a risk of the site going down, like it did a couple weeks ago.

          Here's a good breakdown of the Edge mobile wallet.

          Edge Wallet Review (2021): How Safe Is Edge Wallet?

          While it's not as hardened as a true cold storage wallet, the security-minded crypto folks I listen to say it's incredibly secure. And it's a heck of a lot easier to use.
           
          • Detroitgator

            Detroitgator Well-Known Member
            Lifetime Member

            Joined:
            Jul 15, 2014
            Messages:
            17,931
            Oxbucks:
            $12,665
            Ratings:
            +20,523 / -137
            Coinbase now offering loans on up to 30% of your account value... what could go wrong?
             
            • Funny Funny x 2
            • Like Like x 1
            • List
            • Gatormac2112

              Gatormac2112 The Voice of Reason
              Lifetime Member

              Joined:
              Sep 7, 2014
              Messages:
              1,595
              Oxbucks:
              $1,540
              Ratings:
              +2,634 / -53
              Yeah I dont like the idea of borrowing against crypto. Way too volatile. Im pretty sure if the asset tanked there woukd be a “margin call” of sorts
               
            • BMF

              BMF Bad Mother....
              Lifetime Member

              Joined:
              Sep 8, 2014
              Messages:
              16,850
              Oxbucks:
              $19,703
              Ratings:
              +26,821 / -407
              Bitcoin is under $48k this morning - down over 20% from it's recent high. Anyone adding? I just added a small amount.
               
            • BMF

              BMF Bad Mother....
              Lifetime Member

              Joined:
              Sep 8, 2014
              Messages:
              16,850
              Oxbucks:
              $19,703
              Ratings:
              +26,821 / -407
              MARA down 22%, under $29.

              MFH down 10%, at $6.74
               
            • Concrete Helmet

              Concrete Helmet Hook, Line, and Sinker
              Lifetime Member

              Joined:
              Jul 29, 2014
              Messages:
              14,198
              Oxbucks:
              $8,358
              Ratings:
              +13,584 / -991
              Wow that's a real a$$ pounding....Grayscale went to 45.84 today(about 14%)...What are the premiums for MARA? Grayscale is 2.0 fee and the premium is based at 0.00095.
               
            • BMF

              BMF Bad Mother....
              Lifetime Member

              Joined:
              Sep 8, 2014
              Messages:
              16,850
              Oxbucks:
              $19,703
              Ratings:
              +26,821 / -407
              I'm not sure. I've only bought and sold MARA for quick gains. I'm 100% out of MARA right now, but got back in w/ MFH (only 153 shares, just over $1000).
               
            • BMF

              BMF Bad Mother....
              Lifetime Member

              Joined:
              Sep 8, 2014
              Messages:
              16,850
              Oxbucks:
              $19,703
              Ratings:
              +26,821 / -407
            • Detroitgator

              Detroitgator Well-Known Member
              Lifetime Member

              Joined:
              Jul 15, 2014
              Messages:
              17,931
              Oxbucks:
              $12,665
              Ratings:
              +20,523 / -137
              Son #1 has owned, and added to, Square for years
               
              • BMF

                BMF Bad Mother....
                Lifetime Member

                Joined:
                Sep 8, 2014
                Messages:
                16,850
                Oxbucks:
                $19,703
                Ratings:
                +26,821 / -407
              • Concrete Helmet

                Concrete Helmet Hook, Line, and Sinker
                Lifetime Member

                Joined:
                Jul 29, 2014
                Messages:
                14,198
                Oxbucks:
                $8,358
                Ratings:
                +13,584 / -991
                Anyone else starting to notice a down point of resistance in the mid 40's for Bitcoin or is it too soon to assume that? It seems to have bounced upward off 43-45 a couple of times now. I'm really hoping for this anyway as it would make a nice entry for those who haven't bought or an adding point for chicken sh!t MFer's like myself who never throw more than a few grand a time at something new...I'd like to add more from my gold miners fund which is doing squat for the last 6-8 weeks...
                 
                • BMF

                  BMF Bad Mother....
                  Lifetime Member

                  Joined:
                  Sep 8, 2014
                  Messages:
                  16,850
                  Oxbucks:
                  $19,703
                  Ratings:
                  +26,821 / -407
                  I'm right there with you. I've been too scared to get fully into bitcoin...but now that these legit companies are investing heavily in it, I'm throwing a small amount. I like @UFHealthGator strategy to dollar cost average into it.

                  My MFH stock is up 18+% since I got into it after the recent BTC sell off. I only bought $1000 worth, but I'll take $180+ after a few days! The problem w/ MFH & MARA is....when do you sell?
                   

                  Share This Page

                  The Box

                  Help

                  You don't have the necessary permissions to use the chat.

                    1. There are currently no users chatting.
                      • About Us

                        Our community sprung up when the Gatorsports message board was shut down in the summer of 2014. We pride ourselves on offering Gator-biased, yet critical discussion among people of all different backgrounds. We are working every day to make sure our community is the best Gator message board you will find.
                      • Like us on Facebook

                      • Buy us a Zima!

                        The management works very hard to make sure the community is running the best software, best designs, and all the other bells and whistles. Care to buy us a non-alcoholic Zima? We'd really appreciate it! Just click the "Donate" tab at the top of the page.