Crypto lounge thread

[DenizenJane]

I decided to buy a chunk of Ethereum on the latest price downswing. Because...eh, what the hell?

I'm past ever being a crypto maven, but my strategy is to have modest holdings of the coins that are closest of cousins to Bit. We will see how it goes in the coming years.

 

[Cryptosam]

I use the online version, they kinda hide it, but the link is there at the bottom of their page. Im too unorganized and sloppy to trust myself with cold storage in my current living situation.

You NEED to stash a physical copy of your private key somewhere whether you use the wallet online or locally. But a “crash” won’t delete your data unless your storage drive (hard drive/ssd) actually gets damaged or worn out in some way. Whatever you do, make sure you have that private key somewhere, that way you can recover.

Big thanks to you man, I'll use that version. And yes, a physical copy is a must.

 

[slowpoke]

MyMonero is pretty much the goto as far as I know

If you're gonna buy a privacy based coin like Monero, surely you need a separate PC/phone for the wallet?

I can't see it being too much of a stretch that your OS provider would hand over to the authorities a list of everyone who has a Monero wallet installed. So while maybe they can't see your balance you'll still be a known holder even if you avoided KYC

 

[Parmesan]

If you're gonna buy a privacy based coin like Monero, surely you need a separate PC/phone for the wallet?

I can't see it being too much of a stretch that your OS provider would hand over to the authorities a list of everyone who has a Monero wallet installed. So while maybe they can't see your balance you'll still be a known holder even if you avoided KYC

You mean visited the MyMonero site? Sure, but if your internet provider is snitching on you like that, you probably have bigger problems, like “hate speech” charges for posting on this site.

 

[open source]

I sold half my hodlings today. So yeah, the whole market will probably explode tomorrow

What's the reason for selling?

 

[fokm]

What's the reason for selling?

Reading through the thread, it seems to be a belief that there's a current downtrend. I also sold a little bit of my holdings.

 

[BURNΞR]

If you're gonna buy a privacy based coin like Monero, surely you need a separate PC/phone for the wallet?

I can't see it being too much of a stretch that your OS provider would hand over to the authorities a list of everyone who has a Monero wallet installed. So while maybe they can't see your balance you'll still be a known holder even if you avoided KYC

There's something called "tails" where you put a USB into a PC you are using and all the information is stored there and nothing gets stored on your pc. I probably butchered the explanation but this prevents the police from using the evidence on the PC against you in court. There's a free FAQ and darknet bible here: https://www.reddit.com/r/darknet/wiki/index/faq/

 

[Jamal D]

I have been looking into keeping Crypto anonymity and Bisq (TOR coated exchange) looks to be the best option out there to buy without leaving any traces.

Bisq requires a security deposit of 0.002 - 0.007 BTC into your wallet before making any transactions. To leave no trace of your initial security posit, do not transfer this from a KYC exchange! You have to get this in the open market, and that is the most vulnerable part of building your new anonymous infrastructure it seems.

So I was thinking, out of people I have not met in real life, who do I trust the most online? The answer is, people on this forum. Are there any chances that we can help each other "lending" BTC to for the security deposits? Other options would be bitcoinlocals.com and such, but they are increasingly KYC-regulated and you have no idea who they are.

I am not talking about free lending, there will be money transfers (obviously up to each member). So the procedure would be, transfer money through a service, get the BTC deposit (Let`s keep it 0.007) Load up on BTC. Make sure you 2 x 0.007 BTC so you can have a deposit in your Bisq wallet, and one unit to lend out to a member. Rinse and repeat.

Obviously this needs to be done one time per member, to avoid it becoming too time consuming. So let`s say the last to have borrowed a security deposit will be the next in line to help another suited member. Input would be great. It was just an idea.

By the way: I know there are some solid posts made about the anonymous crypto topic, but perhaps we should make a specific thread about this matter?

 

[BasedBaker]

I bought into MITHRIL yesterday. Seems like of the memecoins one that actually has some legitimate potential and will cater to the LOTR fanbase. Threw a couple hundred bucks at it to see what will happen.

 

[bucky]

What's the reason for selling?

Hedging, basically. I figure four things can happen. Two are unlikely:

- My very mainstream crypto holdings (BTC, ETH, ADA, DOT, etc.) fall to 0 in value. Bad, but not as bad as if I'd hodled it all.
- The same holdings moon by 10x or more. Great, even with the half I kept.

I highly doubt either of those will happen. The two likely outcomes are:

- A big dip down to 30k or 40k for BTC, with the other mainstream coins following. I buy on the dip.
- The opposite, a big bump. The half I held onto still makes me some respectable profits.

Smart? I don't know, I'm new at this, but it makes sense to me.

 

[Coja Petrus Uscan]

What's the reason for selling?

 

[CaliforniaBased]

I bought into MITHRIL yesterday. Seems like of the memecoins one that actually has some legitimate potential and will cater to the LOTR fanbase. Threw a couple hundred bucks at it to see what will happen.

meme coins are essentially a pyramid scheme where the first people to get in on the coin profit from each succesive person that buys in until the coin stabilizes or collapses. the key is to buy in early. a lot fo buyers of crypto have zero strategy whatsoever, and just buy a few dollars just to see what happens when they hear a certain coin has been doing well.

 

[Acerza89]

I have been looking into keeping Crypto anonymity and Bisq (TOR coated exchange) looks to be the best option out there to buy without leaving any traces.

Bisq requires a security deposit of 0.002 - 0.007 BTC into your wallet before making any transactions. To leave no trace of your initial security posit, do not transfer this from a KYC exchange! You have to get this in the open market, and that is the most vulnerable part of building your new anonymous infrastructure it seems.

So I was thinking, out of people I have not met in real life, who do I trust the most online? The answer is, people on this forum. Are there any chances that we can help each other "lending" BTC to for the security deposits? Other options would be bitcoinlocals.com and such, but they are increasingly KYC-regulated and you have no idea who they are.

I am not talking about free lending, there will be money transfers (obviously up to each member). So the procedure would be, transfer money through a service, get the BTC deposit (Let`s keep it 0.007) Load up on BTC. Make sure you 2 x 0.007 BTC so you can have a deposit in your Bisq wallet, and one unit to lend out to a member. Rinse and repeat.

Obviously this needs to be done one time per member, to avoid it becoming too time consuming. So let`s say the last to have borrowed a security deposit will be the next in line to help another suited member. Input would be great. It was just an idea.

By the way: I know there are some solid posts made about the anonymous crypto topic, but perhaps we should make a specific thread about this matter?

nice do you work for bisq? is it also possible that annomoous accounts are more easily hackable than say mainstream places to buy crypto

 

[JayR]

nice do you work for bisq?

You asked me the same thing in another thread. Not everybody who mentions Bisq on this forum works for Bisq.

is it also possible that annomoous accounts are more easily hackable than say mainstream places to buy crypto

I cannot see how.

 

[Parmesan]

There's something called "tails" where you put a USB into a PC you are using and all the information is stored there and nothing gets stored on your pc. I probably butchered the explanation but this prevents the police from using the evidence on the PC against you in court. There's a free FAQ and darknet bible here: https://www.reddit.com/r/darknet/wiki/index/faq/

Your internet history would be tracked by your ISP at their servers. A USB isn’t going to change that. I don’t know what this magic USB does, but even if you aren’t writing to the hard drive/ssd, there is still data that could be recovered from memory (RAM, whatever its called now), as well some boot records in the BIOS (or whatever thats called now). Of course, if you really want to go down the rabbit hole, there is all kinds of nefarious stuff that could in theory be buried inside the firmware of your internal components. Nothing is truly secure.

Just get a “burner” laptop (preferably one with “open source” hardware), run ONLY open source, privacy focused software. Get a VPN. Never access anything like emails or shopping sites that could in theory connect your IP to your real name.

 

[AscendingDude]

Unless price retests and closes above the ATH's, it's Bear season all the way by my count.

View attachment 34465

Still bearish on BTC. Why? Cause the charts don't lie.

 

[The Beast1]

meme coins are essentially a pyramid scheme where the first people to get in on the coin profit from each succesive person that buys in until the coin stabilizes or collapses. the key is to buy in early. a lot fo buyers of crypto have zero strategy whatsoever, and just buy a few dollars just to see what happens when they hear a certain coin has been doing well.

I'm all about gambling in the BSC casino though my $2k limit was exhausted thanks to a bunch of meme coins that collapsed on me at the same time. Not something I would do beyond just feeding my degeneracy.

 

[Mikeyd03]

meme coins are essentially a pyramid scheme where the first people to get in on the coin profit from each succesive person that buys in until the coin stabilizes or collapses. the key is to buy in early. a lot fo buyers of crypto have zero strategy whatsoever, and just buy a few dollars just to see what happens when they hear a certain coin has been doing well.

The meme coins have humbled me. A dude literally hodled $8k of shib and turned it into generational wealth….(billions)

To dismiss the meme coins now is negligent.

“Keep on bonkin in a clown world.”

Bonk has shib written all over it. NFA for obvious reasons.

You are right about the ponzi/pyramid aspect though.

 

[Kangaroo]

meme coins? you guys are boomers, its all about OHM fork ponzis now

 

[Coja Petrus Uscan]

Found I had a few K lying in an exchange I'd forgotten about.

Spent some time doing a little research and decided to put it in on GALA -

They have a very good team. Usually the teams of good projects are very green with seasoned advisers. But the CEO of Gala is also the CEO of Zynga, which has a market cap of $7B. Among other things they are trying to be the Steem of crypto. Probably not got a huge upside, but looks like it is the strongest one in the games sphere. Single games like Axie, will probably fall back, and into next season we will likely see of the projects with a broader footprint grow.

Games and meme coins have had a good run. Probably going to start turning back soon. A lot of pain at the hands of meme coins.

Any more tips? More cash on the way.

A bit of vintage:

Better put your flat-top shades on.
They live.
You're living in the Legacy Finance Wars - Attack of The Clones.