Cryptocurrency

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PrettyBoyAJ

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Healthcare IT Consulting and I own a Healthcare IT Consulting firm. You?
 

jaygreenb

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Ok, nice. I worked at an investment management firm from 23-30 then started a home health agency around 7yrs ago when I was 30. I don't do much in the day to day anymore so my time is pretty free for this stuff and other investment opportunities.
 

PrettyBoyAJ

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Congrats! On that. Impressive.
 

jaygreenb

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Thanks man, sounds like you are way ahead of the curve for your age. I think if you position yourself correctly with this you can set yourself up for life. These opportunities very rarely come along and most people sit on the sidelines.

What are you doing for storage? Are you keeping everything on the exchanges? I just got a Ledger Nano S
 

BeTheChange

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If you've got a lot of free time during the day you can make a killing just following the crypto market astutely.

I'm a junior exec in a media conglomerate and part time real estate investor. Before that I worked in Big Four mergers and acquisitions.
 

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Just read my free ebook 22 Rules for Massive Success With Women and do the opposite of what I recommend.

This will quickly drive all women away from you.

And you will be able to relax and to live your life in peace and quiet.

jaygreenb

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Good for you, that's great. Love seeing you younger guys do your thing.
 

PrettyBoyAJ

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I store everything on my ledger nano s.
 

BeTheChange

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How you guys feeling about the red pulse ICO? Thinking now might be a good time to start accumulating NEO?

What other coins/ ICOs have you excited for October?
 

PrettyBoyAJ

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For me the only ones really on my crosshair is Red Pulse and Wanchain. I'm only investing 1k into Red Pulse because after the first hour the cap is lifted to 50k and should be sold out immediately. I don't think if I wanted to invest more I could. Because if I could I'd invest probably 20k. Also I anticipate a NEO dump after the ICO because people will be selling their NEO if they didn't get into crowd sale. Mind you the cap is only 15 Million.

Sense seems interesting to me but I don't see the real utility of the token so I have to pass on that. The CEO is hot though.
 

BeTheChange

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You always seem to mention ICOs after the Whitelist closes... I'm not saying you're doing an AAAgent but he had a similar mindset of only telling us about coins after the ICO had closed which left us with losses like PPT. This group will work best if we actually give each other a chance to get the coins we believe in at the best price. Otherwise it just looks like you're trying to pump certain coins at our expense.

I'm looking at the Soma ICO. It's a bit like Gumtree or Craigslist for the Blockchain. Similar to Steem but more commercial than social.

ChainLink is on the rise. Wish I'd bought more now and I wanted to. I was feeling salty from not getting into the ICO and let my emotions trade for me. If not for that I would have purchased at least $5k's worth like I planned to for the ICO back when it was $0.15.
 
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If you currently have too many women chasing you, calling you, harassing you, knocking on your door at 2 o'clock in the morning... then I have the simple solution for you.

Just read my free ebook 22 Rules for Massive Success With Women and do the opposite of what I recommend.

This will quickly drive all women away from you.

And you will be able to relax and to live your life in peace and quiet.

PrettyBoyAJ

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With Red Pulse I'm going to use my cousins nigerian Passport. 15 Million is a crazy small market cap. I will definitely invest as much as they allow (up to 25k) on that.

Bankera has a 300m market cap. I don't invest in companies with that large of a marketcap. Thanks for finding that out for me.

My boy just made 125k on Tierion. Made a killing. All he did was invest 35k into it and as soon as it hit exchanges dumped it for that much. Free money! It's free money out here if you do your research. Let's get it!
I told you guys about Red Pulse when I registered if I'm not mistaken. This post is from a month ago.
 

PrettyBoyAJ

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You gotta pay to play. That's my motto. To me I'm not interested in investing little money and making little money. I'm trying to make a life for me where I can relax at the house and run my consulting firm and crypto trade and I'm on a good path to do that. Think if you invested 5k in the MetalPay, Veritaseum, or OmiseGo projects. We would be sitting on some pretty great gains. The only reason I didn't invest in those is because I didn't know about Crypto then. Well now I do.

Icon is another ICO on my watchlist. Tokens are locked up until November however and that's the only thing holding me back. I'm still waiting on the Red Pulse ICO.

Going to be dumping some bags soon and shuffle my portfolio a little bit. The biggest bag I hold is Populous. That was a horrible decision to invest in that. If I invested that 1500 in District0x I could've 10x my money and pulled out. Seems like a lot of these coins pump up heavily then cool off. District0x did a 15x before it normalized and current is at a 2x. CoinDash did a 8x before it normalized as well. I sold all my CoinDash at a 3x. So that was a win for me.

ICO I look forward to: ChainLink and Red Pulse
ICO I'm still researching but like: Wanchain

This is when I first started researching wanchain. Didn't plan on investing at the time.

A rule of thumb is to whitelist everything that has potential and that's what I do.

Anyways I won't invest in wanchain because I'm in silver whitelist which means I probably won't make it in. It'll sell out instantly and don't even feel like going through that all nonsense sending money and hoping it will go through.

So the only one in my crosshair really is red pulse but I'll update you when I find something else.
 

BeTheChange

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This is when I first started researching wanchain. Didn't plan on investing at the time.

A rule of thumb is to whitelist everything that has potential and that's what I do.

Anyways I won't invest in wanchain because I'm in silver whitelist which means I probably won't make it in. It'll sell out instantly and don't even feel like going through that all nonsense sending money and hoping it will go through.

So the only one in my crosshair really is red pulse but I'll update you when I find something else.
My bad. Didn't see your wanchain post. ChainLink is going crazy at the moment. Did you jump back in?

Thinking about dumping my verge holdings and putting some more funds in LINK before it really blows up.
 

PrettyBoyAJ

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No, I don't want to chase it. I wish I didn't dump it but it's gonna come back down. I was so sure that it was gonna go down thanks to Kyber. I was wrong though. People making good money off ChainLink. I only made like 50% while people now are sitting on 3x.
 

Elias.Barbarian

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Schiff remains bearish on Cryptos though. And you cannot argue that these are the currencies of the future merely because they increased in price.
In more recent interviews, Schiff compared Cryptos to Pets.com, essentially implying a bubble or even a pyramid scheme, which is not too far fetched I would say. Ultimately, the value of these new currencies depend on whether or not people will accept them as currencies. That is also the reason why people who invest in these are so adamant about defending them. If people turn away from them, their price will collapse.

Why do you believe these currencies will be accepted? Will they be stable? Why should they be more stable than gold for example?
Do you consider the sprouting of more and more different cryptocurrencies to be a potential issue for their individual worth?
 

jaygreenb

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Peter Schiff is an eternal bear, I'm not sure he is the one person to look at solely for advice. I agree that acceptance is key to maintaining their value but the truth is they are gaining more acceptance everyday. It is a new market so there will definitely be volatility and fortunes will be made and lost. I look at it as this is the beginning of a fundamental shift, think the internet in 1994. The landscape and major players today will probably look a lot different than 5-10 yrs from now. What bitcoin has that the other currencies do not is first to market and the greatest of amount of capital and resources committed to it (developers and computing power). I am certainly not the best person to articulate the answers to your questions, but here it goes. In the future I see bitcoin used somewhat as a base currency and a store of value.

Why do you believe these currencies will be accepted?
Yes, I do for a number of reasons. It is vastly more efficient to process transactions in both time and cost with them. Just the remittance market alone would be an incredible cost savings. I also believe people are having less and less faith in govt monetary polices, they run the printing presses nonstop and are constantly devaluing currencies. Bitcoin for example has a set supply that will not change. I see one of the best values that hasn't even been touched yet in in emerging markets with there is hyper inflation and political unrest. A large percentage of the world population also doesn't have access to financial services. This will enable them to essentially have a bank account and store of value on their phone.

Will they be stable?
In the short term, no. It is a new market and new markets are never stable. However as it becomes more accepted it will keep trending up.

Why should they be more stable than gold for example?
They won't be, however they will offer a much higher level of return than Gold. It is also incredibly inefficient to process transactions with precious metals. However I do believe it is wise to have some physical holdings of precious metals and I do.

Do you consider the sprouting of more and more different cryptocurrencies to be a potential issue for their individual worth?
In some ways yes. Some of these currencies will fall to zero and some will make incredible gains. It all is mater of what each individualized value is behind each one. That why it is important to make educated decisions in your investment choices and stay on top of new developments. I do believe we are moving to a tokenized economy and it will be extremely easy to use any tokens as a form of payment. Applications for this are in development as we speak.

For years when I heard about bitcoin and crypto I thought it sounded like a scam. It was only several months ago that I really started educating myself on what they actually are. I think everyone needs to spend a considerable amount of time doing this besides just watching a few youtube videos then make your decision. In my opinion this will have a greater impact than anything we have seen before. I would also only put in what you are willing to lose. If it means anything I spent years in the investment management industry and after built a multi-million dollar sized business. I have a long history of making prudent investment choices. I suggest to everyone to really learn what block chain and bitcoin are about. If you do not I think you will regret it in the future. Just my 2 cents.
 

PrettyBoyAJ

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Schiff remains bearish on Cryptos though. And you cannot argue that these are the currencies of the future merely because they increased in price.
In more recent interviews, Schiff compared Cryptos to Pets.com, essentially implying a bubble or even a pyramid scheme, which is not too far fetched I would say. Ultimately, the value of these new currencies depend on whether or not people will accept them as currencies. That is also the reason why people who invest in these are so adamant about defending them. If people turn away from them, their price will collapse.

Why do you believe these currencies will be accepted? Will they be stable? Why should they be more stable than gold for example?
Do you consider the sprouting of more and more different cryptocurrencies to be a potential issue for their individual worth?
Let's have this conversation in three years.
 
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