What are Jow Forums approved crypto currency?

Jow Forums is not intelligent enough for cryptocurrency, try reddit.

Explain why having a digital currency is a good idea? As shitty as fiat currency is, it atleasts still provides privacy for your purchases and the ability to keep your money out of their hands by storing it in the bank which they use to make even more money. In a digital currency only world, they could unperson you for wrong think and steal/deny access to your money at anytime for any reason... ITS FUCKING RETARDED

>what is Zcash
>what is Monero
fucking brainlet

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If it’s too good to be true, it probably is.
Israel is already in control of crypto and will tank the prices of every cryptocurrency when they release the cryptoshekel.
Unless you have actual money, crypto is meaningless monopoly money.

Why cant cryptofags ever just answer questions, maybe I'm wrong and you can sway my opinion. Unlike the real world, most people on Jow Forums are open to ideas that go against the status quo. Please explain

I bought into BTC pretty early, have about 34 coin atm. (at one point I had nearly 80 and sold a bunch because idiot.) My question is, should I start looking at selling when its up high again or should I hold out longer? I have been having a feeling the last year that it has hit its max and will level off to a pretty predictable rate in order to have it used as a common currency. Am I right in thinking that?

No stop being a retard

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He destroyed your premise. Monero is widely-established yet it also has private transactions

What happens once you become unpersoned?

dunno man. I started mining, invested like 15k but in the end I lost a bunch of money. I think atm Im -5k overall IF I could sell everything right now.

Takes too much time and the reward is lil if you dont have free elevricity. Also I mined and hodl stronk shitcoins but each and every one of them got rekt. Some got exit scammed because I stored them on exchanges, some got dumped -90% in an afternoon.

Right now you can accumulate some shitcoins for insane prices. Zil, icx, wtc and some I dont own like linkies, tron, eth dunno man, its a minefield.

Btc might be the best bet.

Decentralized crypto prevents that. Just don't buy Ripple or Zuckbucks and you're good

jesus christ their logo is so poorly made I thought it was a meme

fuck you summerfag

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>he didn't buy his 1M BTC when it was at 0.10$.
>he didn't sell his 1M BTC when it was at 2$.
>he didn't buy his 4M BTC when it was at 0.50$.
>he didn't sell his 4M BTC when it was at 10$.

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>approved crypto currency?
1 no fucks given coin = 100 dead kikes or 50 crypto kikes
buy this coin while the price is low

99% of cryptos are scams and this giant pozi will come crashing down harder than the last top. You realize this is a double top right now on its way into the gutter. Sub 2k before eoy

I'm holding LINK and BTC

>hes happy with less than 2 mil
>about to miss the bubble of all bubbles coming
>doesnt understand this bubble will forever separate the rich from the poor.........FOREVER

You're sitting on $35,000 in real money, sell that shit

So you recommend I should hold on to them still at this point? I personally do not use them to buy anything I just have them as an "investment". I just dont want to end up selling them for a fraction of what I could get currently...

Bitcoin
Monero
Etherium

IOTA

maybe Bitcoin SV and Ripple

The last one (Ripple) is because of the usability. The transactions are really fast and the fees are really low. It has the potential to become the gateway currency just from that fact.

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burger math

I am still unsure what ill do, so far only one person has said hold and one said sell but neither have given me any good information on why I should do either...

>Cryptocurrency is simply a terrible idea
Im just dumping 2000$ into it in case it BTC goes to 1 million$ in the next 20 years.

Due to the massive transfer pentalty involved this would mean alt-coins or lite-coins will comeinto existence to be the "small change" of the crypto world.

Which "small change" crypto has the future/ have the future?

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>99% of cryptos are scams
you are not wrong there.
Its so fucking annoying and stunted the growth but still I dont think btc will go away. too much money invested in the infrastructure and the manipulators can make insane ammounts as long as btc papi is high enough. No reason to stop this.

Crypto got some pretty nice aspects and use cases but its million years away from being normann friendly, also one typo means all your coins are perished? Wow that trully sounds fun......

Im very fucking angry at crypto because I got scammed every corner and in the end I missed the bullrun again... yet im pretty sure it will not go away. Right now a fucking 40 year old family house costs around half million euro!! here where I live. Also the bank gives you less interest on your money than the fucking inflation. untill these true scams are not destroyed btc have a good chance.

>If it’s too good to be true, it probably is.
Dont underestimate the normie dipshits!
Facebook released its own cryptocoin: the normies are going to buy it and it will take off exponentially. My plan is to sell right as the niggers start bragging they bought facebook coin, historically that is always the best time to sell: when the niggers are also into a stock/commodity.

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I don't know, burger. I made money with it without even trying. I just bought some in 2013 because I wanted to try buying weed from somewhere.. then I bought it regularly and forgot about it. 4 years later I had a made a killer profit.

>>fuck you summerfag
I asked for Jow Forumss opinion. If I ask Jow Forums what coin to buy I will get half a dozen indian poo-in-loos with 50$ in their trading account shilling me retarded coins, and you know it.

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>Ripple
My nr.1 choice so far as well. mainly because banks already use it for trades right now.

>Explain why having a digital currency is a good idea? As shitty as fiat currency is, it atleasts still provides privacy for your purchases
Many crypto-currencies are about as private as cash, but with all the benefits of being digital.

In many ways crypto is already faster and cheaper than some bank transactions.
Ripple and IOTA are both faster and cheaper than VISA/MASTERCARD transfers.
All crypto is faster and cheaper than Swift.

ZCash and Monero are more anonymous than cash, but with all the benefits of Swift and competitive with VISA.
Let your mind wrap itself around what it means when a large enough proportion of the assets are in a completely uncontrollable banking system that is anonymous and global.

bitcoin.
all the other ones are inferior.

you realize bitcoin has no board of directors, CEO, or any central point of attack. this alone makes bitcoin extremely valuable. read up on it, don't miss the train.

Bought 200 coins when they were @ $100

Sold when they hit 20k.

Bought again when they hit 3.5k

Waiting for it to hit 15k, or till the bubble starts to shift again.

I can sell right now and retire, but why waste the chance for a couple off million more.

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This but even moreso

>bitcoin.
>all the other ones are inferior.
What about the transfer costs of 20$?
Obviously a coin that minimizes transfer costs (retains value) is superior. hence Ripple XRP.
>commie flag
You dont have a cent.

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I bought Vechain and my life is pain

Silver coin

>Silver coin
Brah...Brahh... Im not going 100% all in on crypto.
If a brother wants to invest a few grand in crypto in case it literally takes over the economy where should I invest?

I understand the whole:
>1000$ emergency fund cash
>6 months living expenses cash
>6 months living expenses worth of silver
>dump all your savings in an aggressive stockbroking portfolio UNTIL 10 years before you retire, then get into safe bonds (whenever the market is high, not during a recession)

I get it. Im young! I have the luxury to make educated high risk gambles with a small amount of my holdings.

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There is one, a pure mined crypto currency on ethereum, but i won't say the name, check Jow Forums, it's getting posted from time to time

>Obviously a coin that minimizes transfer costs (retains value) is superior. hence Ripple XRP
if you made up your mind why the fuck do you ask us? you want to hear xrp over and over?
fuck knows, possibly its maxed out, jews own 90% of the supply.

No need to be jelly

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You're pretty dumb, so I suggest selling it all

how long does it take to mine like 1 btc?

>if you made up your mind why the fuck do you ask us?
Jow Forums is the hurt locker.
If an idea survives here, that idea is truly powerful.
Ripple seems to survive best, it is my choice.
I dont care. Stop reddit spacing, negro.

about tree fitty

Monero
the most user crypto

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I would sell 40-60% of them right now and use that money to invest in whatever else you want. The other half hold for another 2 years and there's a good chance you'll be a millionaire

A shitton of people lost a lot money trying to mine.
Most invested into mining when it was all over the news. By then it was too late, and hardware prices were insane.
90%+ off all coins are mine in China. Since they are government sponsored scams.
Most shitcoins are scams anyway. They work the same way as penny stock scams, pump and dump.

>monero
The risk is monero is legit being used in the criminal circuit unlike Ripple.
Governments may actually use that fact to "shut monero down" and make ownership illegal, Ripple has a much less risk of that.

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nice. did your life change for the better? stupid question, right? its one of the few things that trully matters. nicely done, in 2013 I almost bought myself in but I spent my money on my shitty education instead. Im still salty lol.

fucking gold fever, its like my life lost its meaning... I must make wealth, I must buy real estate because wagecuck life is living hell.

buy real estate user if you havnt done yet.

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Ripple is a centralized literal jewcoin

get fucked XRP army

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Here you go kids:
Bitcoin (BTC) will be the reserve currency against which all other cryptos end up priced (except for some that are pegged to national fiat currencies).

BTC will not be used for direct transactions most of the time, but it will be like gold to the other crypto's cash.

As it has not failed, that means it will succeed. If it succeeds, it's value will skyrocket.

Put some spare cash into BTC and sit on it.

>reddit spacing
no idea what that is

never visited reddit

will most likely never do

it's just easier for me to read with double spacing

and most other people also

so there you have it

Take the LINKpill

>BTC will not be used for direct transactions most of the time, but it will be like gold to the other crypto's cash.
profound! This solves the high BTC transfer rate, it makes sense.

But who will decide that BTC will be the reserve coin? Why cant "they" decide the reserve currency will be ethereum?

Pepe cash is the only one

I bought eth @120,got big gains, felt the hype, bought more at 600,got into shit coins, lost a bunch, hodling.

About - 5k right now, but the fomo is kicking in again. Good i want to buy.. 5 btc

There are no stupid questions...

Haven't cashed out, so it's still all the same

Not that it's going to change much anyway.

I've already got everything I need, and I don't want all that much.

I live off 400€ a month
100€ to pay all off my bills
100€ for gas and car insurance
100€ for food
100€ for heating

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no coiner here, help me get started please. i dont understand which wallet system is best after doing research. paper wallet, hardware wallet, software wallet? how do you keep your coin?

>BTC will not be used for direct transactions most of the time, but it will be like gold to the other crypto's cash.
profound! This solves the high BTC transfer rate, it makes sense.

But who will decide that BTC will be the reserve coin? Why cant "they" decide the reserve currency will be ethereum?

Pepe cash is the only one

Coke bumps and handjobs

LINK

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bumping for live hungarian mouse racing that you can bet and win on with bitcoin
youtube.com/watch?v=lDG5ZCQFP_s

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>I live off 400€ a month
>100€ to pay all off my bills
>100€ for gas and car insurance
>100€ for food
>100€ for heating
literally how? rent alone costs me 720euro per month... you live in thailand fucking dem small hoes, dont you?
also the house, inheritance, right?

lmao wtf is this shit

Boom to the moon

Hunagarian Mouse Racing user.

you pic a mouse, bet some bitcoin, and win/lose your life savings.

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this looks so fucking hilarious i cant believe this is real holy shit. was your reaction the same when you first discovered that? hahahhahaha i cant beleive it, who thinks of these things? just when i thought i knew everything on the internet...

of course people race mice for bitcoins on hungarian darkweb sites, why wouldnt they?

the vid only shows them leaving the gates though, do they have an obstacle course? or just a straight line? does it show the whole race?

yes it shows the whole race in the colored lines/tracks above the four video/starting line shots

its just a straight line for now.

your reaction was exactly my own, which is why this is perfect for Jow Forums

welcome to the future. sign up using my ref link in the youtube video and you get 300 free satoshis to play with.

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You sound like a salty no-coiner who missed the boat. BTC will hit 90,000 in 2020.

Ignoring crypto. Shorting 100x on bitmex when I notice that crypto hype becomes annoying and spills over. Works like a charm and it feels great because I know Im making money on annoying hypers. Win win

time to short again

i want in!!!!!!!!!!!!! the last few days ive been trying to figure out how to get started in crypto. i cant start hungarian mouse racing until i have some bitcoins. every time i ask on biz people tell me to fuck off or "dyor". so every time i do my own read on google, i get conflicting information from different bloggers who are all trying to get a cut from something. ive got the general knowledge and concepts down but i dont know the best way to start. the 2 things im stuck on are:

1. what type of wallet to use and how to store safely a small amount of crypto (less than $1,000 for now until i feel more comfortable)

2. what exchange to use to swap $USD to crypto, probably BTC since that seems to be the most universal. so far i have kraken, coinbase, and bitrex but im not even 100% sure yet i can trust them with my bank acct info so i might make a new checking account at a different bank just for crypto fill ups

Literally has no value, it's like me making a cult that claims hey this number means you have money, and people just keep buying into it, and yes I know fiat currency works in a similar fashion but you can't use bitcoins to pump gas or buy food at a store so it's pretty much a larp

well I'm just a random person on the internet. but I also happen to be the right person to ask since I've been in the crypto space since 2015.

the cliff notes:

>stay away from BCH
>stay away from BSV
>those two are Bitcoin clones and try to sucker new comers
>stay away from Coinbase, they're basically a wing of the NSA
>Kraken is fine and recommended.
>Birtrex is ok too
>only use wallets recommended by Bitcoin.org to store your crypto (bitcoin.org/en/choose-your-wallet)
>if you start getting nervous about how much crypto you have on a desktop wallet, then buy a hardware wallet (trezor or ledger)
>Bitcoin.com is compromised and owned by rodger ver who shills for BCH, a bitcoin clone.

dilate

you can. you can even save money by getting a discount on amazon items by paying with bitcoin user.

see purse.io for an example

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I'm moving to the UK in january, and crypto here has just become "capital gain taxable", after doing some math id owe this corrupt goverment close to $120k if i declared it. needless to say i will walk across the border with my money being theft free. and may i add, western union offered me a GREAT deal of 18% fee for transfering each R500k.

>imma massive faggot
ok

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Chainlink is unironically going to usher in a new era of global finance and Jow Forums holds 1/4 the circulating supply.

Look at me. We are the jews now.

based

this is why South Africans need crypto. you using monero or just straight up bitcoin? did you memorize your seed?

Stay away from Suckerberg's and FAKEBOOK's version Libra.
Sooner or later, your FB cryptos will be stolen and blamed on Iranian or Russian or Chinese hackers, but we'll now (((who))) really did it.

Internet baseball cards!

>you using monero

still trying to figure out if there is a method of paying rent in the UK without a bank account. I do plan on using a bank for a 1mil pound transfer to buy a nice house and retire, problem is with KYC fucks me a bit, i was given 800 bitcoins when they were worth dogshit, and i cant really prove it

Who else is going to watch Shit Wars 9?

You got "pic related"

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>been in the crypto space since 2015.
Fuck off newfag, dont brag like its a good thing. You missed the best times everyone after 2011 is just a greedy cancer prblem.

You decided, as did everyone else, when they picked BTC. Now that it's the standard/baseline, the reserve status is natural. Everyone just had to agree on one coin - trying to force a change will fail miserably.

>stay away from BSV
lost

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