PrettyBoyAJ
Master Don Juan
Happy for you AAAgent. Our time is next.
AAAgent's Crypto Journey
PrettyBoyAJ
Master Don Juan
@AAAgent Must be a millionaire now. Haven't heard from him in a while.
Spent the entire day researching Cryptos and ICO's today. The coins are tanking and it's probably not going to go up until after August. So the best strategy will be investing in the ICO of companies. Not actually investing in the currency. So here is my target ICO's I'm currently doing research on and will invest my currencies into.
1. District0x- A network of decentralized markets.
2. CoinDash- A Crypto based social trading platform.
I'm probably going to hide all of my currencies into ICO's until the market gets better. What other ICO's do you guys have your eye on?
Spent the entire day researching Cryptos and ICO's today. The coins are tanking and it's probably not going to go up until after August. So the best strategy will be investing in the ICO of companies. Not actually investing in the currency. So here is my target ICO's I'm currently doing research on and will invest my currencies into.
1. District0x- A network of decentralized markets.
2. CoinDash- A Crypto based social trading platform.
I'm probably going to hide all of my currencies into ICO's until the market gets better. What other ICO's do you guys have your eye on?
Don't celebrate for me yet. Have not reached my goal......
Major fvck up on token issuer. Tokenmarket, which is a 3rd party company which helps companies who are ico-ing issue their tokens fvcked up big. They messed up the issues for Populous Tokens (PPT) and all the coding and had to redo the whole entire issuance. Tokens were not distributed automatically and you had to manually send 0 eth back to the contract address that you purchased from. Needless to say, I tried sending to the wrong address a few times maxing out the "gas" option and I failed because I kept missing one little small line of data I was supposed to fill in. Because I maxed out the gas, every failed send cost me roughly 0.005 ETH and I tried about 5 times. Doesn't break the bank but very annoying because it was supposed to be automatically deposited to my account. The instructions were somewhat unclear, especially after being up at 5am and at 11pm (2 hours after the deadline) the tokens can be redeemed but you have to follow vague unclear instructions. Tokenmarket fvcked up issuance and Populous messed up redemption instructions (i don't blame populous too much but it was frustrating).
The WORST part is that there were only 2 exchanges accepting PPT for trading. there were hundreds of orders buying for 100x, 200x, 300x, going as high at 5,500x initial ICO price. But because the coding was fvcked, they had to issue a new trading ticker and instead of PPT it's now trading under Populous Platform, which everyone had to place all their buy orders again. Obviously since there was no market, everyone lowballed the sh1t out of PPT. All the old orders are still available for the old PPT ticker.
New ticker and current market rate
https://etherdelta.github.io/#0xd4fa1460f537bb9085d22c7bccb5dd450ef28e3a-ETH
Old original ticker and buy orders
https://etherdelta.github.io/#PPT-ETH
I went from multi-millionaire status for a few hours to only 5-10x my initial investment. It was definitely overvalued even at 100x currently but i see PPT as a bigger gold mine than Veritaseum. Free money for the rest of my life as long as I hold my PPT and use their rental program. A very stress filled day, frustration, exhaustion, excitement, and anxiety.
Let's see if it can 30x in a few weeks and pass Veri!
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BeTheChange
Master Don Juan
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Sorry to hear that bro but you are further than you were a week ago and that's what matters. What would you recommend as a good buy at the moment in the alt coin space?
PPT and VERI still worth getting into? Been a lot of negative volatility in Veritaseum recently.
I currently have 55% in BTC, 15% in ETH, 15% in LTC and 15% tied up in this Tezos ICO.
I want to offload some BTC into some alt coins but clueless on where to start in order to build a good fundamental understanding of the alt coin space.
The big 3 have been taking a battering last few days but I'm still buying. For me this a long term bet about the future of money, our economy, technology and the way we interact as end users. If there is a path to riches this will be it.
Also, I used CEX.io to buy my BTC, since I'd matched out my buy order on coinbase. Don't do it fellas! I knew the spread was poor but didn't realise how bad it was until I took my BTC offline into my wallet. It's terrible. Coinbase offer by far the best pricing I've seen so far.
Exodus do an insta exchange between the big cryptocurrencies. When you compare the rate to coinbase it's quite good.
Remember, I'm not a financial advisor so what I say is what I would do. Look into everything and make your own decisions and accept your own success and failures.
Veri, I believe is cheap right now. Anything under 0.8 is great buy imo. I'm expecting it to pass ETH soon and break $500.
Populous is dirt cheap right now. I'm helping my friends buy this as a means to secure passive income for the future. Since you can rent out your PPT and receive the full amount back + additional fiat, if you have a decent amount of PPT, you'll be receiving monthly, 60 day, 90 day, 120 day, dividends essentially.
Everything is taking a beating and we're at new lows for the last month or so. I'm seeing 87bn on top 100 total @ coinmarketcap.com, i'm becoming more and more desensitized to these drops down, and spikes up. You can only have so many anxiety attacks before the body adjusts right (I hope)?
My safety net would probably be BTC and LTC.
I hold ETH for ICO's and ERC20 token fees.
Cloak Coin, Humaniq, Pay Token (TenX), would be my sleepers.
Veri & Populous are long term stores of wealth and I would prefer not to even sell these.
There's plenty of other cool coins out there (sia, golem, digibyte), new coins that have unique concepts (EOS, IOTA, Antshares), but I can't spread myself too thin. I'm pretty diversified and I will be getting into a new ICO as well. EOS, IOTA, TEZO's, Antshare (I like this), have such a steep uphill battle to face against Ethereum. hundreds of major corporation and new companies have invested in Ethereum. Hired solidity programmers, built platforms, and invested hundreds of hours and millions of dollars. It's an uphill battle for all those platforms that want to compete with Ethereum. Bitcoin on the other hand will always be industry standard. When the majority of the sheeple join in, they wont even understand bitcoin but they will buy it because of it's name and familiarity. No other coin will have that advantage except maybe Ethereum. They'll eventually adopt litecoin because of it's ease of use and similarity to BTC.
New ICO - I'm debating on getting into Pillar Project (wallet). But I got too much stuff going on. GF is here now, I'm holding small training seminars and everyone is blowing up my phone for info. PPT release last night exhausted all my energy. I'm debating if I should just sell all my Veri and quit my job and do this full time. Hold PPT as my passive income along with my daily payouts in loans and cloud mining, I can technically just do this at home building my wealth.
I will probably try to hold on to my day job as long as I can. My marketing business is also stable as well so we'll see how things go in the next month or two. Hopefully they get a lot better.
You should be buying when there is blood on the streets. Veri was as high as 1:1 with Eth recently with a few healthy orders. Populous had a health floor of 300x before this fvck and major sell off in ALT coins. I think if you get in now and the market turns up again, prices will atleast double for PPT and will have a healthy gain for Veri.
This doesn't include any good news they release. Remember, these companies just ICO'ed. They will have many milestones and accomplishments going forward. Assuming that the company is competent, it's only more and more good news to come. Populous and Veri are more financial focused business and not technology focused. The coding and everything is the least of their worries, they are just using the blockchain for it's transparency. It's VERY VERY difficult to create ground breaking technology like Bitcoin and Ethereum. Even when you innovate things like BTC/ETH, you don't have first mover advantage. I'd be more practical and find companies that are looking to benefit off of blockchain as opposed to people/companies that are looking to change the world with new tech.
Doesn't hurt to buy a few of Tezo's, EOS, IOTA, etc. but those are very very long shots imo. Why put substantial amounts in something that won't pay off until a year, two years, or 3 years from now? I'm trying to find companies that are looking to get sh1t done 6-12 months. Have very achievable milestones. Are not trying to re-invent the wheel. Hopefully that makes sense.
This doesn't include any good news they release. Remember, these companies just ICO'ed. They will have many milestones and accomplishments going forward. Assuming that the company is competent, it's only more and more good news to come. Populous and Veri are more financial focused business and not technology focused. The coding and everything is the least of their worries, they are just using the blockchain for it's transparency. It's VERY VERY difficult to create ground breaking technology like Bitcoin and Ethereum. Even when you innovate things like BTC/ETH, you don't have first mover advantage. I'd be more practical and find companies that are looking to benefit off of blockchain as opposed to people/companies that are looking to change the world with new tech.
Doesn't hurt to buy a few of Tezo's, EOS, IOTA, etc. but those are very very long shots imo. Why put substantial amounts in something that won't pay off until a year, two years, or 3 years from now? I'm trying to find companies that are looking to get sh1t done 6-12 months. Have very achievable milestones. Are not trying to re-invent the wheel. Hopefully that makes sense.
PrettyBoyAJ
Master Don Juan
You made at least 10x your initial investment and get to live another day. That's a big time win.
Veri is currently at $138.11. I haven't done too much research on it but the website isn't the best I do judge on the website. I will make sure to read more up on the website and check out it's white pages.
@AAAgent any knowledge of District0x and Coin Dash. District0x already has a MVP so that could be a very quick turnaround. Coin dash has a great team I'm looking to participate in there upcoming ICO's within the next two weeks.
Veri is currently at $138.11. I haven't done too much research on it but the website isn't the best I do judge on the website. I will make sure to read more up on the website and check out it's white pages.
@AAAgent any knowledge of District0x and Coin Dash. District0x already has a MVP so that could be a very quick turnaround. Coin dash has a great team I'm looking to participate in there upcoming ICO's within the next two weeks.
My bad, I'll do a quick run of those after lunch and let you know. They are not on my list so I don't really know much of them. Crazy night yesterday so im a bit woozy.
Veritaseum's founder is Reggie Middleton. and this is his baby and he is the face of it. Look him up and his reputation. They just signed a MOU with Jamaican Stock Exchange to build out the worlds first digital asset exchange partnering with JSE. That's just one exchange and it hasn't hit a legit high volume exchange yet. Veri is pretty much only trading on etherdelta. Same with Populous.
PrettyBoyAJ
Master Don Juan
Tezos may be a good investment for the long run but not the short term.
Tezos:
1) Has an uncapped ICO for two weeks. There will be no unmet demand.
2) XTZ won't be tradable for at least 4 months.
Thanks for explaining the exchange in Exodus. I just exchanged 25% of my Eth to LTC.
Not a fan of distrct0x. Skimmed over idea but the team is too young and doesn't have strong business experience and leadership. Especially the CEO. He might be rich, but not sure if he's proven as a leader. Young former poker player and trader. Screams lone wolf (like me) and who knows how he plays with others. Has a technical background but I prefer strong business experience in a company I invest in. They also seem pretty greedy, by the fact that they have 3 tiered offerings and are considering $50m for the Higher end of the ICO. Why in the world would you even plan for $50 funding round when you're less than 1 year into your business. Crazy. Too many red flags for me.
Not a fan of CoinDash right now either. Company literally just started in December 2016/January 2017. I think this team is slightly stronger than district0x and they have a hard cap funding of USD 12m which is more realistic (super high but realistic comparatively in the space). Company literally brand spanking new and white paper is not well structured. Saw no mention of the team in the white paper or crowd funding numbers/offerings. No go for me.
PrettyBoyAJ
Master Don Juan
Interesting take. What's the next ICO that you have your eyes on?
BeTheChange
Master Don Juan
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@AAAgent @PrettyBoyAJ
I agree with pretty much everything you guys have said.
I bought Tezos as a long term play with potential to displace ETH. It's a long shot but having it in the portfolio could act as a hedge against any downside on ETH.
However the networking effect and first mover advantage is incredibly hard to overcome. There are countless examples of this (e.g. the iPhone). The most technically sophisticated product is not always the one which is most widely adopted and in terms of price and upward trajectory that's what really matters. Which is why BTC, ETH and LTC will continue to make up at least 50% of the portfolio.
The only reason I bought so much TZ is because I'm having issues with buy limits on coinbase and the ICO closes in 3 days so its overrepresented in my portfolio. By the time I head to America, just before August, TZ will likely make up closer to 5%. I'm not too interested in short term profits as I think there is scope for significant gains by value investing and I have a pretty good cash cushion so if an opportunity presents itself I don't need to liquidate a position.
Medium - Long term was thinking:
BTC, LTC, ETH - 50% Buy and HOLD
Established alt coins - 30% Mixed strategy
Riskier alt coins / ICOs - 20% Mixed strategy
Sound reasonable?
Another question is mining. Been on Genesis mining 2 days now and haven't received any payouts. Is this normal?
Also, if you are in a position where you think you can make more money from this than your day job if you have the time to dedicate to it, then I would strongly consider quitting. I'd love to be in that position. I have multiple mortgages to pay so don't have that luxury just yet. Maybe in 2 or 3 years if this crypto thing goes well. 7 years max if it doesn't.
I agree with pretty much everything you guys have said.
I bought Tezos as a long term play with potential to displace ETH. It's a long shot but having it in the portfolio could act as a hedge against any downside on ETH.
However the networking effect and first mover advantage is incredibly hard to overcome. There are countless examples of this (e.g. the iPhone). The most technically sophisticated product is not always the one which is most widely adopted and in terms of price and upward trajectory that's what really matters. Which is why BTC, ETH and LTC will continue to make up at least 50% of the portfolio.
The only reason I bought so much TZ is because I'm having issues with buy limits on coinbase and the ICO closes in 3 days so its overrepresented in my portfolio. By the time I head to America, just before August, TZ will likely make up closer to 5%. I'm not too interested in short term profits as I think there is scope for significant gains by value investing and I have a pretty good cash cushion so if an opportunity presents itself I don't need to liquidate a position.
Medium - Long term was thinking:
BTC, LTC, ETH - 50% Buy and HOLD
Established alt coins - 30% Mixed strategy
Riskier alt coins / ICOs - 20% Mixed strategy
Sound reasonable?
Another question is mining. Been on Genesis mining 2 days now and haven't received any payouts. Is this normal?
Also, if you are in a position where you think you can make more money from this than your day job if you have the time to dedicate to it, then I would strongly consider quitting. I'd love to be in that position. I have multiple mortgages to pay so don't have that luxury just yet. Maybe in 2 or 3 years if this crypto thing goes well. 7 years max if it doesn't.
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Minimum BTC payouts I believe are 0.001 and minimum ETH payouts are 0.05. I'm pretty sure that's why you haven't received anything. Ease into it. I started small for my first 2 weeks. After a couple weeks I started heavily upgrading on major price spikes of BTC/LTC. Now I do maintenance upgrades about once a week to keep up with difficulty (I put in a little more than necessary for maintenance).
I make enough daily from genesis mining, and my loans that I technically don't need to work and I will have a similar salary to my day job. I just don't know how sustainable it is yet and prefer the safety of having a job. Now when I hit 7 figures, at that point I won't care and will have a large safety net if genesis goes poof or my lending company goes poof. That's why I haven't quit yet.
Was Pillar project but now not sure.....I'm a bit busy and haven't done full research on pillar. Team seemed good. Idea seemed good (though a little too diversified i.e. they are doing too much). They also seem to be paying people under the table to promote it, which isn't ideal (i can't confirm this just rumours). It's also getting too much buzz for my liking.
BeTheChange
Master Don Juan
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Yeah I hear you bro. This month gross I made more from my portfolio than my salary, but it's the insecurity that's the issue. What kind of income yield do you get from mining?
Any chance you could make a post on the mechanics of loaning crypto? You mentioned PPT has this function. How does it work?
Probably about $60+ a day from mining, not including the rig i'm buying (have not bought the rig yet). Make almost double that from loans. This is 7 days a week though, not 5 days. I literally do nothing and it comes flowing in. I don't cash everything out. I hold my eth.
PrettyBoyAJ
Master Don Juan
Are you speaking of your portfolio of crypto or real estate portfolio?
BeTheChange
Master Don Juan
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Real estate.
Crypto represents about 3% of my portfolio at the moment. Looking to increase to 10% in the near term.
PrettyBoyAJ
Master Don Juan
You are doing pretty well then. My salary is into the 6 figures. If I can get a good return like that in a month in Crypto I'm definitely bouncing and focusing on Crypto. There is no doubt this is the future to me though. The money will be rolling soon. I was dreaming last night about the Ferrari I'll be getting.
But onto other news I've been following an ICO called Patientory since before their ICO. I was interested in it because I work in Healthcare IT and I'm based in Atlanta. Just like the founder of the company. She actually wanted me to work with her but I was focused on my own consulting firm. They raised 8 million dollars with the crowdfunding and currently its a 50% return. At one point however it was at 10x.
I missed out on this train but the great part about it is there is way more then enough opportunity in this space. Once we do our research we will be making cash in fist until everyone catches up.
A bunch of my friends bought into populous today at 20x. I explained the concept and they did their research and it made sense. I'm helping my friend buy some more tonight after I get back from the airport and grab dinner.
If I were you guys, is seriously consider tanning some. Basically how it works and I apologize for my cell phone typing is.
----
Vendor sells customer $10k worth of product due in 30 days.
Vendor needs money now for whatever reason this month and is willing to sell his 30 day due invoice for $9k and list the $10k invoice on populous platform.
AAAgent buys the entire invoice for $9k worth of PPT (populous tokens) and lends to to the rental invoice program.
Populous pays out 9k to Vendor after full receipt of PPT valued at $9k.
Invoice is due on 30 days and is paid in full for $10k and comes into populous platform.
AAAgent gets ALL his PPT from the platform and pockets the remaining difference of $1k on the invoice.
Vendor took a $1k loss because he wanted the money immediately and wins because he gets the cash fast.
AAAgent wins because he doesn't lose any tokens and earns free fiat.
I'm on my cell phone so if you want more info regarding collateralizing the invoices or recourse for default check or the website. All this information of the rental program was released last week and was what rocketed the ico price. Everyone is talking about how this will make and create generations of wealth.
Get your ppt now boys! Still cheap at 20x which is the new market price. If you want to buy from me directly, I'd be willing to unload some at 200x. ETH is dirt cheap so it's more like 100x what I bought in at.
Might sound like I'm pushing this and I am because I really believe this token will almost be priceless.
Pm if you want some.
If I were you guys, is seriously consider tanning some. Basically how it works and I apologize for my cell phone typing is.
----
Vendor sells customer $10k worth of product due in 30 days.
Vendor needs money now for whatever reason this month and is willing to sell his 30 day due invoice for $9k and list the $10k invoice on populous platform.
AAAgent buys the entire invoice for $9k worth of PPT (populous tokens) and lends to to the rental invoice program.
Populous pays out 9k to Vendor after full receipt of PPT valued at $9k.
Invoice is due on 30 days and is paid in full for $10k and comes into populous platform.
AAAgent gets ALL his PPT from the platform and pockets the remaining difference of $1k on the invoice.
Vendor took a $1k loss because he wanted the money immediately and wins because he gets the cash fast.
AAAgent wins because he doesn't lose any tokens and earns free fiat.
I'm on my cell phone so if you want more info regarding collateralizing the invoices or recourse for default check or the website. All this information of the rental program was released last week and was what rocketed the ico price. Everyone is talking about how this will make and create generations of wealth.
Get your ppt now boys! Still cheap at 20x which is the new market price. If you want to buy from me directly, I'd be willing to unload some at 200x. ETH is dirt cheap so it's more like 100x what I bought in at.
Might sound like I'm pushing this and I am because I really believe this token will almost be priceless.
Pm if you want some.