Message from @John Mosby

Discord ID: 397864434460000266

2018-01-02 19:43:20 UTC  

does binance have wallets there or do you need external ones?

2018-01-02 19:58:36 UTC  

"No. With a wallet, you have your private keys, all the crypto is completely yours.
With an exchange (any exchange, not just Binance) the exchange owns the crypto, they hold the private keys, it belongs to them. Your account is an entry in their accounting database that assigns some of the crypto to you. As you trade, those entries in the database get shuffled, but none of the transactions actually go on those respective coins' blockchains.
The reason for this is simple - in trading you want instantaneous transactions, not ones that take from minutes to hours."

2018-01-02 19:59:46 UTC  


2018-01-02 21:16:44 UTC  

Alright, got that set up and bought 326 TRX to test the waters

2018-01-02 21:20:02 UTC  


Just make sure when u buy into a coin, u buy it on a low point of its daily value.

2018-01-02 21:22:20 UTC  

Mostly learning how to read the charts etc now, but I figure if I read the trend wrong then I don't really lose that much

2018-01-02 21:23:15 UTC  

bought at 0.00000519 have an order to sell at 0.0000055

2018-01-02 21:24:54 UTC  

For instance, TRX was at .085 cents per coin several hours ago, then slumped into .057 cents per coin, now it is back up to .077 per coin.

It's beneficial to buy at the .057 price, then keep an eye on it once it goes up to .077...

U can either make a gamble on selling when it goes back up to .08 cents per coin, and trade it for a stable coin, then wait for it to slump back down to another low, then buy it again. That way u can consistently build up your amount of coins, without even investing more money.

It isn't gonna be a super big deal, if ur only investing $20, but it gives u a feel for the market, so u can better predict the charts, for when u do want to get into serious day trading.

As I said, I am not expert, but this is what I have found out playing with it a lot lately.

2018-01-02 21:25:46 UTC  

Right, that's what I'[m trying to do now

2018-01-02 21:25:52 UTC  

Binance is being a little bitch with me right now. Keeps locking up, so I haven't been able to do any trading today, so I lost out on some money.

2018-01-02 21:25:56 UTC  

play around with small amounts to learn

2018-01-02 21:26:21 UTC  

This conversations got me interested now

2018-01-02 21:26:27 UTC  

Think I'll go buy some

2018-01-02 21:26:53 UTC  

Never put much stock in alt coins. Btc was enough for me but it seems like there might be more value in others in the long term

2018-01-02 21:26:58 UTC  

Don't wanna miss out on something like btc again

2018-01-02 21:27:30 UTC  

There are a number of coins that will be making people millionaires off of small investments (less than 10 grand).

2018-01-02 21:27:30 UTC  

100 bucks here, 100 there. Certainly won't hurt

2018-01-02 21:29:51 UTC  

I'm only playing around with a bit of money, just trying to figure out the market, especially figure out the charts on some of these newer coins, so I can decide what to invest a lot of money into once I get my taxes back.

2018-01-02 21:30:15 UTC  

I'm quiting smoking and gonna put all that money into stuff like this

2018-01-02 21:30:22 UTC  

Gonna have a ton of money to invest

2018-01-02 21:31:13 UTC  

Ha, ya. I can't tell u how much I've saved by dropping the cancer sticks (I will admit I still smoke vape helps to keep me from doing it, though).

2018-01-02 21:31:37 UTC  

I've got 6 smokes left.

2018-01-02 21:31:40 UTC  

Not buying another pack

2018-01-02 21:32:34 UTC  

Been off caffeine for almost 2 weeks. It's time to buy alt coins, haha

2018-01-02 21:32:46 UTC  

Wonder how much money I'll save not buying soda constantly

2018-01-02 21:33:19 UTC  

I quit drinking soda and caffeine for a few years now, and I feel a lot better physically, even.

2018-01-02 21:33:25 UTC  

its nerve wracking watching those numbers bounce up and down

2018-01-02 21:33:36 UTC  

I will drink an occasional cup of tea or coffee, but that is it.

2018-01-02 21:33:57 UTC  


Ya, don't get too sucked into it...I've spent entire days watching the charts lol

2018-01-02 21:34:18 UTC  

My next is to quit drinking booze completely. I've got 3 beers and a bottle of wine left

2018-01-02 21:34:24 UTC  

After that, it's no more

2018-01-02 21:34:43 UTC  

Yeah, ididnt sleep forever when I first bought btc

2018-01-02 21:35:02 UTC  

Bought in at 2300, sold at 28 or something. Panicked. Boy do I feel stupid

2018-01-02 21:35:15 UTC  

I'm trying to get there...I quit liquor a long time ago...but I have an addiction to craft beer (my inner hipster is trying to take over)

2018-01-02 21:37:09 UTC  


When ur watching the TRX charts, also make sure ur watching the BTC charts, as well, so u know how much the TRX is even going up (if BTC goes down, then it'll look like ur TRX is making mad money, when it is just BTC going into a slump)

2018-01-02 21:37:16 UTC  

I told my gf we need to put all our money into btc cause it's gonna go. I had planned on getting my paychecks in btc. Told my grandma, dad, everyone, give me all your money, we are gonna be rich

2018-01-02 21:37:22 UTC  

They all laughed. Gf got mad

2018-01-02 21:37:32 UTC  

Mother fuckers, we would have made out like bandits

2018-01-02 21:38:09 UTC  

Ya, I had people telling me to invest in BTC at the beginning of the year...I coulda put 5 grand down on it, and been on easy street now.

2018-01-02 21:38:14 UTC  


2018-01-02 21:39:00 UTC  

oh that's a fair point