Those are big questions and sometimes personal answers.

I've been in the space for 7ish years and I'm still searching.

"What is value? Who says what's worth what? How is money worth anything? What is money? What is trust worth? What has been used for money in the past?"

Good luck on your path to enlightenment. Google (or duckduckgo) your questions and come to your own conclusions. No one is qualified to answer.

My terrible answer is this:
Trust. It all boils down to trust. Is it worthy of your trust/faith? Do others have trust/faith enough to trade with it? If so, then it's valuable. If no one trusts it, and no one accepts it, then it holds no value.

"Anyone heard of this altcoin, USD? I hear it had no supply cap and is backed by nothing. Is it a scam?"

Did Clifys new report come out?

tsuag10 said:

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How is creating a new crypto-coin different from someone printing their own money?
Say I go and print a bunch of paper with "S" on it and convince people to pay USD in exchange for "Smith Dollars". What gives it value? People's willingness to pay for it?

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It's not different than printing your own money - if you also invent your own society/laws/rules.

Blockchains rely on participation to securely maintain the public ledger. Proof-of-work or proof-of-stake are the carrots to promote participation.

Value is derived in the same way a piece of paper with a number on it does. Because some people agree that it has value.

$Trig 4500% since I bought in..

Read up on Blocksafe

Wow....how much was your initial position??

cslifer said:

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Wow....how much was your initial position??

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Nunya.

Enough to be excited about the return.

DallasAggie0 said:

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Did Clifys new report come out?

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No he did his final Alta Report which is what he used to do before cryptocurrencies

He says the next Wealth Report will be out by the end of September

GlendaleAg said:

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DallasAggie0 said:

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Did Clifys new report come out?

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No he did his final Alta Report which is what he used to do before cryptocurrencies

He says the next Wealth Report will be out by the end of September

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I buy the Alta Reports. Great entertainment if you enjoy reading material about conspiracies, the paranormal, or doomsday predictions.

Relevant

I'm a little bit new to the alt coin scene, I mostly stick to btc and ether. How exactly are the wallets handled on those? I use a hard wallet for the traditional coins, and I'm assuming it doesn't support all those types.

I've been wanting to get some Ark but unsure how to store it.

Depends, ledger supports a variety, trezor supports only a couple.

Nor sure what other quality hard wallets out there.

DallasAggie0 said:

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I'm a little bit new to the alt coin scene, I mostly stick to btc and ether. How exactly are the wallets handled on those? I use a hard wallet for the traditional coins, and I'm assuming it doesn't support all those types.

I've been wanting to get some Ark but unsure how to store it.

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Dallas,

Here is their website where it looks like you download their own wallet ... and below is the coinmarketcap that shows what exchanges to buy on .... I don't know anything about this coin so good luck

https://ark.io/

https://coinmarketcap.com/currencies/ark/#markets

wheelskjm said:

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cslifer said:

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Wow....how much was your initial position??

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Nunya.

Enough to be excited about the return.

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Your investment level mirrors your confidence in this crypto, your response makes me think you had $200max but the way you promote this stuff I would expect a minimum of $5000

Sure it's nunya, but I'd like to know how confident you are. There's a reason I don't trust al gore or Elon musk on climate issues

Cool.

Woke up to $trig at $2.15.

Send me 1 BTC to the address below and I'll tell you what you want to know.

1JswhdiDieEdD8HBo4Un35BjRvc6sfUpFu

Information is valuable, especially personal.

I'm not asking or telling you to do anything but read up about it. Trig just funded my initial investment into a industrial hemp business, fkn exciting.


Also, don't trust me. I'm a dumbass, and I have an axe to grind.

In Case you haven't visited Blocksafe foundation website, the 70 million Trig burn is taking place on the 15th, prompting this recent bump.

100 mm down to 30mm trig. Reducing the supply by 70%.

White paper
http://blocksafefoundation.com/Blocksafe_whitepaper_version%202_draft%20_.pdf

Thread
https://bitcointalk.org/index.php?topic=1642159.280

I think the team is solid. Founder reached out to me directly awhile back to gauge interest in becoming a community manager, which I declined, but threw money at the project because of the concept and team. I chat with Barnes on linkedin often.

Rant:
I don't know how you say any investment isn't truly gambling in this era, whether stocks, bonds, USD/fiat, or crypto. I trust most crypto at this point more than the others, I also want the world to be more chaotic and less centrally controlled/manipulated by the few over the many.

I try not to post purely speculative opportunities here, but what isnt?

Question for Wheels and Glendale. How many ICO's have you invested in? How much time investigated in each before pulling the trigger? The common trope on the Crypto twittersphere is that exuberant investors are putting $ into ideas after 10 minutes of research. Not saying you are or aren't, just trying to gage reality on the ground.

Ico's, none so far. There's a lot of prep work involved I don't have the time for. If it's something that sounds interesting I'll read about it and maybe pick up some on an exchange.

I have friends building legit companies in ICO's and people pitch ICO's to me on linkedin all the damn time. The cryptospace is exponentially growing right now and so is the reading material. No one can possibly keep up with them all.

Substitute my question about ICOs with alt coins. Question holds. A parody coin called sh!1tcoin raised 6 figures without even pretending to be a real crypto idea.

First response to your post, who fkn cares what I think or have invested in. My stamp of approval isn't worth **** and neither is anyone else's. Stop looking for an authority figure where there is none.

Answer, I have spread the wealth amongst 30+ different crypto at one point or another. Some for trading when I was experimenting and some because I genuinely believe humanity has a need for its success. Thus far I've lost on Lumens but continue to hodl for funsies. Everything else is green.

(Beware rant beginning)
Most people aren't like me. Gauging the market based on my cockamimie responses is skewing the results.


(Beware, not lucid, unrelated to OP and just anger at the world rant)

If your philosophy is that the world needs more centralized control, you can go fk off for all I care and die and watch your money lose value relative to crypto. You're either completely blind/willfully ignorant, or you suffer from celebridom.

Otherwise join the fight against it.

If you're on the sideline, you're a coward.

Happy? Does this help?

Sorry I'm eXtra bitter about the debt ceiling and unlimited military spending over the last 16 years for a unplausible terror attack anniversary. OMG a conspiracy theorist (he's off his rocker now he's going into conspiracy theories).

Unsustainable spending, centralization of businesses under the largest banks, monopolization of data and information flow, propoganda, central banking. These are my invisible enemies. Wake the fk up please. (What a chump, hiw could I possibly listen to a word he says now? Definitely can't be a valuable advisor, his brain is probably addled.)

"In god we trust" (buuuuulllll****)

I'll prolly delete most of this in the morning. Enjoy.

Appreciate your point of view. My original reason for buying into cryptos was for a hedge against the reasons you mentioned. Our current policies are unsustainable.

SHTCOIN ICO in 9 hours. Who is buying?

Quote:

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1 ETH is worth 40,000 SHT. If the fifth stage hidden cap is reached, the ICO will continue for an additional 120 minutes or until the value of ETH contributed exceeds the Global GDP - whichever occurs later.

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Quote:

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JJ Nielson - Lead Engineer

JJ has 57 years experience working in blockchain techologies and is renowned worldwide as a leader in the indusrty.

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SH*TCOIN.ME

Quote:

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First response to your post, who fkn cares what I think or have invested in. My stamp of approval isn't worth **** and neither is anyone else's. Stop looking for an authority figure where there is none.

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Asking for reasoning and information, not authority or "approval".

Bitcoin at its lowest point in a while...time to buy soon

DallasAggie0 said:

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Bitcoin at its lowest point in a while...time to buy soon

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Litecoin seems like a smart opportunity right now.

I am going to invest in FARTCOIN before North Korea steals everyone's stash...


http://www.foxbusiness.com/markets/2017/09/13/north-korean-hackers-target-bitcoin-exchanges-to-fund-govt-report.html

I've yet to buy any litecoin and for no good reason.....to think when I first considered it, it was $21 (June ) and then at $40 I looked again.

Got too tied up invested in ico's and other altcoins

By the way, shouldn't I be a millionaire by now???????

John Maplethorpe said:

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Question for Wheels and Glendale. How many ICO's have you invested in? How much time investigated in each before pulling the trigger? The common trope on the Crypto twittersphere is that exuberant investors are putting $ into ideas after 10 minutes of research. Not saying you are or aren't, just trying to gage reality on the ground.

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John,

I let Clif High do the vetting ... that's where I start. It's not going to be s ****coin if he puts in his report (unless he calls it a ****coin and says stay away as he did on one report) and it's not going to be a scam coin either.

From there I go to their website ... connect on Twitter, Slack, Telegram, and Discord ... read the white paper... read it again ... rinse and repeat


From the business plan and reading tweets and getting a feel for the CEO on Slack (I'm talking about reading in real time as he converses with people asking him tough questions) I begin to get an overall feel (is this a no go, a 5 ETH, a 10 ETH, a 20 ETH, or a "how ever many ETH I can get my hands on" ico or even better pre-ico)


Also, it this a pop and cash out 20% and then let the free tokens remaining ride or is this a "cash it all in" type or is this a HODL that I want to hold onto for generational wealth

I just sent some ETH into the KIK (KIN token) ico this morning ... you have to be pre-registered or I'd leave the link for anyone interested ... these guys already have a huge network ... setup to be the Facebook of blockchain ... I don't like this many tokens, usually just want 100 MM tokens or less .. this one has hundreds of Billions (yikes!) but two things got me to go on in:

1. Clif High gave his blessing (by the way he's not guaranteeing anything, these are just ones that have made it through his rigorous standards and his webbots are forecasting long legs)

2. You get 1.9 MM tokens per ETH ... I own over 100 MM KIN tokens now ... so I just need it to get to a penny to be a KIN millionaire


Here is a list of what I have accumuluated through ico's and pre-ico's since May this year: that's when I invested in my first and favorite, my # 1 HODL: Veritaseum (VERI)

NAME
SYMBOL

VERITASEUM
VERI
POPULOUS
PPT
CENTRA
CTR
ADEX
ADX
FUNFAIR
FUN
PILLAR
PLR
DIMCOIN
DIM
CRYPTVISER
CVC
XINFIN
XDC
EOS
EOS
SALT
SLT
0X PROJECT
ZRX
SAND
SND
FOOD COIN
FDC
WILD CRYPTO
WILD
KICKICO
KC
KIK
KIN
PROPY
PRO

Hasn't VERI gone down something like 45% from it's peak?

ColinAggie said:

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Hasn't VERI gone down something like 45% from it's peak?

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Down about $40 from where I bought

ColinAggie said:

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Hasn't VERI gone down something like 45% from it's peak?

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Yes, great time to buy.

Here's what happens in crypto world:

1. You buy it and it pops if it's a good idea

2. Now, you are in the dead period ... the period while it's still speculation and the utility for which the token is created has not been put in motion

3. Token holders want to get some liquidity out to put into other ico's so they begin to cash out

VERI sold for 30 tokens per ETH when ETH was $45 on April 25th of this year ... so you got it for $1.50 then. It was up 100x then "the wait" ... during this time other ico's come up ... people spread fud too because of jealousy or whatever ... I've been following Reggie Middleton so I know exactly what's going to happen in the next few weeks ... if you don't know this and you are excited about a September ico, you are going to sell some ... or if you think it will be a while before there is real demand for VERI, you sell some to get a pop off a new ico then get back into VERI with more $$

Most people who sell VERI plan to buy even more when they get back in ... I'm doing that with Populous (PPT) as it sold pre-ico for .0011 ETH and is going for .011 on Etherdelta so I've made my 10x ... I'm cashing some of it out to get the pop on some other ico's while planning to buy even more PPT later ... I had over 50K PPT, I plan to have over 100K PPT but can't get there from just putting a % of my paycheck into ETH and trading for PPT ... no, I'm going to turn 50 ETH into 250 ETH on some of these ico's and buy lots more of everything with long legs

Look at Pillar PLR, it's selling for half ico prices and it has more tokens than i like circulating (600 MM) but it's going to be so huge when it goes BUT i'm not going to buy a whole bunch more now since they don't have a working product anywhere close to being ready so it's price isn't going anywhere (but maybe down)... so instead of buying more even though super cheap, i can ico pop 25 ETH into say 200 ETH then buy PLR right before it's getting close to product launch with ETH to spare

Now, back to VERI: there are so many deals Reggie is making because he was already a household name on Wall Street (we laugh at the fud being spread about white papers and websites, none of the Goldman Sachs crowd and clients he's dealing with directly give a sh*t about that) ... the Veritaseum corporate offices are right there in Times Square NY ... he is making deals upon deals but it takes more than a few weeks to put those into action, Veritaseum is ready but the clients have to get ready logistically as well ... again, I'm not trying to sell anyone on Veritaseum, just want you to know my thoughts and why I'm not worried at all but don't buy VERI if you have any doubts ... plenty of other good ones ... just stick with currencies like Bitcoin, Litecoin, Dash, and Monero and you'll do just fine as fiat worldwide fails over the coming years and trillions $$ come into crypto

DallasAggie0 said:

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Did Clifys new report come out?

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Buy buy buy