QR Codes, a 2D Barcode scanner from Ebay, a laminator, and something to generate QR codes and passwords like the below sites, and a PC... anybody seriously into crypto shouldn't be using their phone as a sole source of doing everything. I'm just assuming everyone here has a secure PC setup.

https://www.the-qrcode-generator.com/
https://www.grc.com/passwords.htm

You can make paper wallets, really long passwords, all sorts of secure shit with this setup.  I combine it with lastpass, a 64 character QR code password, and a backup email address that has a 32 character password, and recently just installed authy and instead of naming each 2 factor site, I just use letters and laminated a little card for my wallet which tells me which letters are for what account. Example... coinbase might be Aaaaaaaaaa on the authenticator app, that way if someone happens to get ahold of the app or the tokens, they won't know what they're for.

Basically it's 3 factor authentication.. I need my wallet, phone, and lastpass, or QR codes I've laminated and stashed in safe deposit boxes to do anything, and yet I never have to ever remember a password, or type in passwords, except the ones I purposely make easier to remember for forums.

You can also back up your account on bitcointalk using this thread in case it's hacked by someone:

https://bitcointalk.org/index.php?topic=996318.0

I also never have to change passwords, as I believe the outdated corporate philosophy of changing passwords every 3 months is absolutely ridiculous, especially with oracle 11G where the passwords have to be pretty long to begin with.

Yeah, he's going to take the money and run. $165 million dollars? I'd take the money and run. Who's silly enough to dump so much money into these ICOs?  Developers don't need to get paid. A lot of modders spend hundreds of hours making big mods for games like Skyrim without the expectation of any significant compensation.. it should be a labor of love like NEM was, where you get rewarded after you put in the work and your coin rises in value.  You know these are all scams.  Paying people based on promises and a fancy looking website...  meanwhile great coins like Pascal which are making genuine progress sit with low market caps, with people like me accumulating them.

I hold 5 figure amounts of Fiat on both GDAX and Gemini. I'm not concerned.

there's no way for the government to shut down bitcoin. With a little bit of computer savvy, it's not hard to protect against theft. If the seller doesn't send you what you asked, you find out their home address and dump sugar in the gas tank of their vehicle.

No, we don't need to centralize bitcoin. If you want to pay with MasterCard, than use a MasterCard and not bitcoin. I bought rhodium with Provident Metals, used bitcoin, and got my merchandise just fine. Centralized solutions already exist and there's no reason we need more of them. If companies want to use the blockchain tech to increase scalability that's their own prerogative.

Next question please.

Litecoin is "less overvalued" than other altcoins and should hold up better, but it's still going to sell off. I stupidly sold $30K worth at breakeven back when it was down at 30 bucks a coin. I'd still be ahead, though I would have sold it by now at a higher price.   Support level on this one is around 32-33 bucks.

We already had the dead cat bounce from where the point it was obvious the bubble popped. The big selloff is going to come in the next few days, probably in the next 24-36 hours.

I wouldn't invest in any ICO here. When bubbles burst the IPO markets die. The high flying IPOs that would open double or triple their IPO pricing value, that all vanished when the dot com bubble popped in 2000. Same thing will happen here.

It's a great technology but the time to invest was when it was down at $100 million or less... personally I think it's headed to under $1B market cap as the entire bubble continues to burst...  buy it lower.... I have about 165,000 NEM left of my original stake, the rest was sold to cash, most of it around $1.7-2.1B market cap, or altcoins, 75% of which I have already dumped.... that and my lost stake. This one will never be recovered. Read it and weep!    Since someone always asks, when windows 10 came out I formatted both computers and didn't save the private key for one of my nem stakes, I only saved the wallet password but lost the wallet. Live and bleeping learn.  There goes $350,000. Just like that. That's alright. One stake is good enough.

http://chain.nem.ninja/#/search/NBVJRKLWYVLAHDQGIJWX7BUVPFGQAXHGFHIMI4IO

I was the idiot saying it was going to keep going up to $5B back in May when I should have sold it all and rotated into altcoins which subsequently made huge moves in May. I figured that out too late and only caught a couple of good moves. (Viacoin, Xtrabytes, Ark) Oh well. Nobody's right all the time.

This works as long as you get a sucker to buy at the higher price. If not the newbie with just a couple thousand to invest now lost his money. It's basically educated gambling. You can create the illusion of demand by creating smaller buy orders, but you have to think other people have thought of this idea and might be already waiting with sell orders in place for the next sucker coming in to buy.   At this point a BTC of profit isn't even worth wasting my time over. I'm no whale, but I tend to throw around at least 5 BTC of coin on a trade and it can be hard to find ample liquidity, even on coins with higher market caps trading on more popular exchanges.

newest chart... nothing much has changed. I expect us to roll over and eventually correct to a level of $1500 on BTC or lower. I included a chart of the nasdaq in the image for comparison.  I have liquidated holdings and moved them to Gemini for now, since Gemini has generous deposit/withdraw limits in case I want to move funds back to poloniex. Sold everything except in Xtrabytes, PascalCoin, Ark, and some NEM.  The bubble burst at the point where the green arrow is. What we have now is the dead cat bounce.   It will take some months to shake out the weak hands, bleed out the excesses, and establish a nice base before we move again. It could take a couple of years..... the quicker we fall back down the faster we can get rid of the consolidation phase and establish a base, and the more profit that can be made for swing traders if we overshoot and dive down to say $750-1000 BTC.   It's worth noting the nasdaq pop back in 2000 was partly fueled by margin traders getting margin calls and being forced to sell. I'm not sure how much margin interest is in this current market... only the exchanges would know that.   The market depth on most coins on poloniex is quite bearish looking.. there's huge amounts of coin for sale with relatively little buyers. Eventually panic selling will occur where people trip over each other to try to find buyers... it's a game of musical chairs you know. It doesn't mean the tech is bad.. crypto is GREAT.. I LOVE IT!  The possibilities with blockchain tech are endless.

I want this plunge to occur.. but of course I would say that being 85% cash right now. If we base for a couple of years like we did after the 2013 bubble, it means being able to pick up cheap coin.. and the next bubble if it occurs in say 2018 or 2019, the market cap will make it up  to $250 Billion to $500 billion. The potential for people to become super rich is there if we let the free market do what the free market will. Enjoy the ride! In the meantime we can use the next couple of years to further enhance the blockchain technology and work on scalability, not just for the blockchain but for the exchanges now that we are dealing with serious money in a serious market... expect more integration between crypto and fiat such as coinbase is planning with fidelity. I'm looking forward to Pascalcoin and Xtrabytes in particular. Also HEAT has potential if they keep working at it. Lots of good projects out there now. I don't expect us to base much below about $40 Billion.. that's the number I'm shooting for.. if we go lower I'll buy hand over fist. If Pascal drops to $5M  or less I'm going to invest pretty heavily. Well onto the chart.....

I use these 2 services primarily to hold fiat and exchange between my own bank and brokerage accounts. Anyone prefer one over the other? I think GDAX has the best trading platform but the $10,000 daily withdraw limit is quite limiting.  When I logged into Gemini today I noticed they increased my daily bank transfer limit (ACH) up to $100,000 without my asking. Because of that I'll probably use them until Coinbase approves my increase.

Pros of both:  Fairly reliable, they have FDIC insurance on cash balances. I trust them more than any of the exchanges. No problems with any transfers going through for the most part.  Both are secure, asking for photo IDs and offering 2 factor authentication options.

Pros of Coinbase: The GDAX platform is much more robust than Gemini's trading platform. NO MAKER FEES on GDAX.  

Pros of Gemini: Better uptime because the site doesn't get overloaded as badly.  Higher daily withdraw limits, and unlimited withdraw limits in BTC.

Cons of Coinbase:  If you use coinbase itself for trading the fees are on the high side. Best to use GDAX and transfer the balance back to coinbase.

I have noticed arbitrage opportunities between these 2 exchanges should a person manage to get their withdraw limit increased on GDAX. I've seen BTC prices be $100 different at times, especially during larger moves.

How are these people getting into these accounts so easily?  Do that many people really have trojans on their computer?   Is it that easy to phish or brute force a password without 2 factor authentication enabled?  Even without 2 factor authentication my passwords are 15+ character random ASCII generated from grc's password generator. (Example password:  PJZO@w#(P/fZ75"rXAg) I haven't had any attempts to access my account much less somebody who got ahold of the password, and even then they would need 2 factor authentication.

Does poloniex have a limit to your number of attempts?  A way to curb this would be 5 unsuccessful password attempts on any given account per day.

a quick look at a couple of charts of European indexes shows a normal technical selloff after a nice run.  In fact most of them are near support levels now and shouldn't go down much more in the near term.   Meanwhile cryptos are rolling over here and getting ready for another selloff within the next couple of days which will take the total market cap below $90 billion near term, and we could get as low as $65 billion in the next month.

I don't think it will affect them either way.   I would safeguard my money in crypto, if the price was right. If bitcoin ever gets back to $500 again after a year or two of no volume action, I'll make sure to get all in. I don't discriminate and will get into any investment I think is attractive at the time.

And we are ready for another plunge as we roll over here as expected.

Pascal coin.  Block chain trim, easy to remember accounts, secure, fast, max block chain size of 6GB.  Good developer.

It could also be pascal coin... Block chain trim and account numbers... Paper trail eventually gets trimmed and block chain size is 6GB max.  Very useful.  These two coins are very underrated.

No developer in this space deserves millions of dollars for empty promises, but supply and demand.. people give them the cash, so be it.

Pascal is a sleeping giant....just like NEM was/is.

I was curious how the whales did their taxes. Are you saying you use "like kind" transactions to avoid the taxes and only claim them when you sell out to US dollars?  I didn't think you could do that. That will save some hassle when doing taxes, if so.  I figured you'd have to log every trade and figure out the gain in terms of US dollars.

I do expect the crypto market to base at or under $50B over the course of 18 months and base with low volume. Every investment goes through cycles.. it's like a basic law of nature. After such a run, consolidation will occur and interest will fade... that's the time to pick up altcoins at 20% of their current value and wait for the next run.   I still plan to remain mostly invested in Xtrabytes and Pascalcoin and a couple of others I think have potential and are cheap.  Now's the time I only invest in the tech, and swing trade the pumps.

That's called swing trading, and I would buy the most beaten up top 20 coins and ride them up for the dead cat bounce with tight stops in place.   They will be more liquid and easier to move in and out of than some low market cap alts.

Best to use GDAX  or gemini so you can move back to USD easily.  You can swing trade bitcoin with no fees on GDAX if you do it right.