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TheOrchidGoddess
The Strip, Vegas, NV
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since Jan 6 2018

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Locked. No further comments permitted.Just wondering if anyone on here is very familiar with cryptocurrencies
Jan 6 2018 08:55PM more by TheOrchidGoddess
Tags: Las Vegas, Random (All tags)

I am sitting on my computer looking at the different cryptos. My plan is to invest on some with a hot wallet. However, once I start accumulating a lot of bitcoin, I plan to move larger amounts to a cold wallet for my safety. I will only keep a small amount on the hot wallet for easier access. If I lose the bitcoin in the hot wallet because it gets compromised, I won't mind since my larger amount will be in the cold one. Any input? Or tips? I am a new investor.
      
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TheOrchidGoddess
The Strip, Vegas, NV
6 blogs/15 comments
since Jan 6 2018

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Jan 6 2018 09:05PM     link to this

WHy? Because I am trying to spark up interesting conversations?
Firkins
SGV, LA, CA
9 blogs/85 comments
since Nov 29 2016

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Jan 6 2018 09:06PM     link to this

Yes, so interesting that the conversations get deleted.
KaiserSoce
CA
222 blogs/5160 comments
since Oct 2 2017

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Jan 6 2018 09:18PM     link to this

LOL @ “once I start accumulating a lot of bitcoin.”

Nacraman
Santa Barbara, Central Coast, CA
87 blogs/3142 comments
since Feb 21 2009

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Jan 6 2018 09:29PM     link to this

You might be a little late to the party, where were you in November?
Nacraman
Santa Barbara, Central Coast, CA
87 blogs/3142 comments
since Feb 21 2009

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Jan 6 2018 09:30PM     link to this

Ripple
mjcjmjcj
Burbank, SFV, LA, CA
24 blogs/8667 comments
since Jul 20 2013

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Jan 7 2018 12:07AM     link to this

Buy bars of precious metals in case of an earthquake
Alex_Joy
City of Los Angeles, LA, CA
0 blogs/2 comments
since Apr 24 2016

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Jan 7 2018 12:57AM     link to this

Buy Ripple!
RicRulez
OC, CA
69 blogs/489 comments
since Oct 2 2016

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Jan 7 2018 01:24AM     link to this

I’m always for passive income not active income
buddy-holly
OC, CA
1 blogs/125 comments
since Aug 13 2014

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Jan 7 2018 02:46AM     link to this

XRP is a longterm value investment
TheAlterEgo
SGV, LA, CA
371 blogs/10544 comments
since May 20 2016

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Jan 7 2018 02:57AM     link to this

I’d ask George233 his life is crypto.
sleepyone
CA
62 blogs/950 comments
since Feb 27 2012

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Jan 7 2018 08:16AM     link to this

Ripple's already done it's run. It will never again have a return that high like it did last year. If it did, it would have a higher market cap than the US GDP. Not gonna happen.
Al_Most_Perfect
Bay Area, CA
142 blogs/2367 comments
since Sep 19 2012

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Jan 7 2018 08:27AM     link to this

I saw an episode about crypt occurrences on HBO's Tales from the Crypt in 1989 that still gives me nightmares sometimes. It's not for the faint of heart.
loucfirr1
LA, CA
212 blogs/26584 comments
since Jun 29 2008

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Jan 7 2018 09:26AM     link to this

With 13 income streams and money pigs I'm guessing not for a while.
peregrine
CA
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since Sep 6 2008

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Jan 7 2018 03:57PM     link to this

i think you can still get some gains on btc. i've seen some estimates of a total cap of 30k-50k usd per btc. don't know if it'll get there but looks like some room for improvement.

@buddy-holly, why do you say xrp is a long term value investment? what's the value? is it backed by anything? unless it's like the petro dollar i don't see how any of these cryptos are a good long term investment. btc might be at 16.5k today but it, like any of the others can go to 0 tomorrow if the demand goes away. and even the petro dollar looks risky to me since it's backed by venezuela's ability to produce oil. if their economy continues to decline (as i expect it to) then even if they have the oil, the won't have the resources to get it without foreign help.

and just 'cause you get a crazy good return this week in one crypto is no reason to double down. it can go down again next week. (look at btc's activity in dec...) it's all in the timing of your investment. there has to be enough demand to drive the upward prices and as far as i can see the demand isn't real- it's like the dot-coms of 2000. there's no real underlying value, only demand. this means they're able to crash at a moment's notice.

i'm not down on cryptos- i've got some btc and eth and looking at others. but like all of my investments, gotta look at the downside and the risk in order to time an exit. i've already taken the initial investments, and some profits out. waiting to see if i should re-invest or just ride it out or cash out entirely.
iDesire
City of San Diego, San Diego, CA
1 blogs/5 comments
since Apr 26 2012

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Jan 7 2018 04:53PM     link to this

Soo.. anyone interested in starting an HX Coin? 😂
mogulman
Newport Beach, OC, CA
17 blogs/84 comments
since Dec 23 2009

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Jan 7 2018 08:15PM     link to this

Night train is smoother than ripple and all the ghetto 7-11’s carry it
MrAdm1n123456789
San Diego, CA
9 blogs/100 comments
since Dec 18 2017

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Jan 8 2018 07:05AM     link to this

Xrp may not be a long term good bet, but crypto will replace fiat money over time. There is an innovation called distributed security that some people cannot wrap thier minds around yet.

That Is why it is not a bubble, most people haven't figured it out yet and this is still just the beginning
zer099
Chino/Chino Hills, Inland Empire, CA
0 blogs/18 comments
since Dec 4 2007

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Jan 8 2018 02:25PM     link to this

You're better off trading stocks.
heyduke
Compton, LA, CA
40 blogs/4794 comments
since Mar 3 2015

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Jan 8 2018 02:39PM     link to this

Anacott Steel...I buy!!! It's on an elevator straight to the moon.
TheOrchidGoddess
The Strip, Vegas, NV
6 blogs/15 comments
since Jan 6 2018

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Jan 8 2018 08:03PM     link to this

Raging Bull, thats a great idea! I always try to find different ways to produce several sources of income. I am doing an mlm business with Goodlifeusa. When sub clients book a room and flight using my site, I give them a free hr session. This also is helping me earn more repeat clients for 2 businesses at the same time. And my site saves customers a lot more money then going through third parties like Expedia
Devilish
Malibu, LA, CA
8 blogs/179 comments
since Jul 19 2007

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Jan 8 2018 09:49PM     link to this

You maybe too late to invest in Bitcoin type for now.

Consider MJX ETF or other marijuana stocks. My my .02
Devilish
Malibu, LA, CA
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Jan 8 2018 09:53PM     link to this

I hope I didn't break any rules with my last post. If I did please remove my comment before i get in trouble.
TheOrchidGoddess
The Strip, Vegas, NV
6 blogs/15 comments
since Jan 6 2018

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Jan 8 2018 10:19PM     link to this

Yes. I know its a bit late for bitcoin. However, there are a lot of other cryptos one can invest in that cost less than a buck. I am hoping I invest on the ones that will blow up. I know this is similar to gambling, but isn't life all a gamble anyways?
Angler1
CA
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since Jan 6 2008

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Jan 8 2018 11:37PM     link to this

Get in early on Blustar Airlines
mikethehun
IA
2 blogs/31 comments
since Jun 1 2008

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Jan 9 2018 07:22AM     link to this

Look for crypto that has an underlying service, product, or system - that uses blockchain technology as the solution. For those saying "it's tulips" and or "worthless because it can go away" - these types of crypto are actually linked to a deliverable; just like facebook and google do not have physical products, and can "go away" - but would you call them snakeoil?

I like ETH over BTC because of smart contracts and being able to program on it. I like BAT, allot, as a long term play (download the brave browser). I like STEEM as well.
peregrine
CA
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since Sep 6 2008

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Jan 9 2018 01:14PM     link to this

orchid, the 'cost' of btc doesn't matter. same with the other currencies.

look at it this way: if you're going to 'invest' $100 you buy a fraction of a btc. or several xrp. what you're looking for is upward movement of the price. if btc goes up by 10%, you gain 10%. if xrp goes up by 15%, you earn 15%. but xrp aren't worth anything if they go up 60% one week and then crash. btc has gone up a lot. depending on when you bought in, a whole lot. but if it only has another 20% potential increase over the next couple of years, that's not as much return if some other currency is going to gain 200% this month.

bottom line: don't look at the amount it's going up. look at the % increase over a period of time. find the one that you think will perform best and buy into that.

this is why devilish think you might be too late. he probably thinks btc will not perform as well as some others. he may be right. it may have made it's move. it he could get better results with another currency.
TheOrchidGoddess
The Strip, Vegas, NV
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since Jan 6 2018

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Jan 9 2018 07:11PM     link to this

After all the research, I feel that BTC is going to crash,along with most popular cryptos. I think I am going to wait until the crash, then buy a lot of bitcoin. I know after it goes down, it will go back up.
lachineseguy
SGV, LA, CA
2021 blogs/18970 comments
since Mar 3 2006

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Jan 9 2018 08:31PM     link to this

" I think I am going to wait until the crash, then buy a lot of bitcoin. I know after it goes down, it will go back up."



lolololololol

did you "invest" in beanie babies too
Angler1
CA
90 blogs/5963 comments
since Jan 6 2008

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Jan 9 2018 08:40PM     link to this

EF Hutton says, hold Beanie Babies till 2024...
Galen
Chatsworth, SFV, LA, CA
52 blogs/993 comments
since Oct 1 2009

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Jan 10 2018 09:15AM     link to this

Seems a good way to cash out on your stock options, Announce your going to take Bitcoin, Market reacts and you sell....
There are 30 comments on this blog. This blog is locked and no further comments are permitted.