Crypto and NFT's

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TermiteHunter
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Crypto and NFT's Dec 30, 2021 0:01:21 GMT -5

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Post by TermiteHunter on Dec 30, 2021 0:01:21 GMT -5

Crypto currency is a nutty concept and NFT's are the most ridiculous thing I have ever heard of.

I get Crypto currency. Like the dollar it is made up and it's value is based on trust, interest, availability and confidence.
In the back room I have discussed my foray into Bitcoin as an investment.

I find the NFT market to be what has to be the second most stupid thing I have ever heard of. (I'll reserve the most)
But I want in. If they are that stupid to buy them, I am dumb enough to create them.

I have started my venture into the world of NFT's (non-fungible tokens)
I have made the first step and created the Ethereum wallet needed to receive my earnings (I have another separate Bitcoin account)
In creation of the account I earned $10 in BC. (just a bonus) and can get more for free by watching a few videos (In process)
I will not subject you to earning BC for giving them your email.

Soon I will be on my way to creating a selection of NFT's.
I have a basic concept of what I want to do and will be working to get them up soon.
Have you seen the "Bored Ape Yacht Club" NFT? If not Google it and see the basic idea of where I am going and the famous fools that buy them at surprising prices.
If I am able to hit the right thing then I will be the next Musk or Bezos and can start my own rocket company. (the real goal here)
If not I will remain your humble TermiteHunter scrounging for a dollar.

If you are interested in and not yet involved in crypto currency but want to start in a restricted safe manner, let me know.
If I remember correctly, I can send a link that will allow you to get an extra $10 dollars or so (and the same for me) with a specific method. (I will explain the limitations with you if you want, just ask in a PM)
This method is confined to the provider but allows trading of the major crypto offerings, selling and buying as you wish in a secure manner with a trusted provider.
I am using it essentially as a DAY TRADER STOCK. It has ups and downs and if it should ever double I will take my initial investment and allow the remainder to run as pure profit.
Crypto is mostly down (not the lowest) so I expect it to rise again. Buy it while it is on sale and get a bonus for us both. Just ask.

I had to create a "wallet" with another provider in order to start My NFT foray.
NFT's are generally traded in Ethereum (another Crypto currency) Creating the "wallet" also provided an additional $10 in Bitcoin that I store with them in the wallet.
There are also shared (a few dollars for both the referring and new member) in this market. Let me know and we can both get a few extra dollars (I think it was like $5 each)

So....
Look for my NFT later. (I will provide links when it happens)
Buy them to encourage others (The sales pitch in hopes of increasing value)
Want safe limited Crpto investment? let me know I'll hook you up so that we can both benefit from the exchange.
Want free range Crypto for purchasing? I can offer a few extra dollars of value for both of us with a recommendation. Let me know and we can both benefit from a few dollars to start in your wallet

Last Edit: Dec 30, 2021 0:10:18 GMT -5 by TermiteHunter

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TermiteHunter
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Crypto and NFT's Jan 9, 2022 1:32:38 GMT -5

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Post by TermiteHunter on Jan 9, 2022 1:32:38 GMT -5

So for only the second time I am below investment value at $91.4x vs my $101 xx investment.

While this dramatic drop in crypto value is underway I am working on getting to offering an NFT.
This involved the use of CoinBase for me (not the only avenue)
After joining CoinBase I was offered a way to earn various other Cyber cash by watching videos etc.

So...
Stellar Lumens (XLM) $3 X 3 videos
AMP (AMP) 1x3
Fetch (FET) 1X3
Free low value Cyber coins that may grow dramatically in the future as did the earlier versions.
Among the ones I got for free (AMP, FET, and XLM) I suspect that Lumens (XLM) has the best chance for a growth market and later value in the market overall.
AMP (<$1) had a few useful abilities that ultimately will be replaced by a better alternative (my own expectations)
Fetch, (<$1) I can't recall any value for my use.
Others my find value but that means it is not for widespread use even with serving a group.

I anticipate selling AMP & or FET for something else.
Lumens (XLM) <$1. Even after watching the indoctrination videos, I liked this one for some reason.
Rarible (RARI) $13-14 I purchased because it is called Rarible. I remember this from some news (good or bad?... just like the way many of you may vote for that lower level group)
I purchased a single (or as close as I could get) coin
Ethereum (ETH) because this is the token of value in the NFT market. I bought roughly $10 to see what happens (now at $7.58)
Dogecoin (DOGE) Dogecoin (pronounced “dohj coin”) Because it was mentioned by Musk and general value and the cute dog logo

I may exchange the lower valued free cyber currency for more conventional cyber coins.
Still if I miss the massive surge on one of them I will need to blame YOU

Last Edit: Jan 13, 2022 23:52:50 GMT -5 by TermiteHunter

GCGC Member Since August 25, 2008, 02:55:15 pm

TermiteHunter Administrator Lackey Your Opencaching Ambassador Posts: 2,400 Geocaching Name: TermiteHunter Geocaching Since: 9/19/2007 City of residence: Charlotte	Crypto and NFT's Jan 9, 2022 23:36:17 GMT -5 angeluscowl likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by TermiteHunter on Jan 9, 2022 23:36:17 GMT -5 Forgot to mention that there are a few geocaching related NFT's already including the first NFT Pathtag of sorts.
	GCGC Member Since August 25, 2008, 02:55:15 pm

TermiteHunter
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Crypto and NFT's Jan 14, 2022 0:02:10 GMT -5

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Post by TermiteHunter on Jan 14, 2022 0:02:10 GMT -5

Come on now...
This crowd (even only the more frequent visitors) is sure to have someone that has invested in crypto currency.
And among them I suspect one that did so early on and dropped out too soon or is sitting on a small fortune (compared to investment)

Crypto is still on a slide. NFT's are growing in value. WEB3 is blockchain based.
Stock market still on a general decline with a few gains.
Interest rates are about to start climbing out of zero range to combat inflation.

Buy your PathTag NFT and be FTF on a NFTPT.

GCGC Member Since August 25, 2008, 02:55:15 pm

brenco20
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Crypto and NFT's Jan 17, 2022 12:17:56 GMT -5

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Post by brenco20 on Jan 17, 2022 12:17:56 GMT -5

Like most, I regret not getting into BitCoin when it was new, cheap, and novel. I am just now at a point in life where I am setting up some starting investments and building a nest egg. I am on the fence about crypto at this point. Too many options, and I know at least half will flame out. Maybe I am too prudish on the topic, or too skeptical.

angeluscowl
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Crypto and NFT's Jan 22, 2022 14:10:28 GMT -5

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Post by angeluscowl on Jan 22, 2022 14:10:28 GMT -5

I get crypto- I think it's risky since it has no regulation and is easier to scam/hustle as a result, but I don't mind the concept. I have a fraction of bitcoin locked up in a digital wallet that I lost the password to lol.

I'm with you on NFTs- that seems like a bubble waiting to burst.

TermiteHunter
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Crypto and NFT's Jan 24, 2022 0:16:21 GMT -5

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Post by TermiteHunter on Jan 24, 2022 0:16:21 GMT -5

Oh it is risky alright. Pick an existing big name and get a fraction of a coin.
Pick an unknown and own lots for a few bucks.
Sit back and wait while they do little or skyrocket to the top...

Right now is a time to invest in one if interested. They are all way down from their highs (be it thousands or fractions of a cent)
As are stocks in general.
Everything is on sale in crypto and stocks. (this is the only time people run away from a sale)

I more or less get crypto currency. I understand the concept and the volatility. It is still a stupid concept blowing in the wind.
There are already enough players but more keep coming creating their own niche coin making it seem even less viable.

NFT's are still the most ridiculous thing I have ever heard of but I am working my way to have a collection (not that it will be the NEXT big thing)

That password thing is an issue
A password is something that is usually easily recoverable with the same email still being active.
The real problem is the 12 word pass phrase typically used in crypto
I had that issue where I did not write it down and eventually needed it (the 12 word phrase)
I did manage to eventually get it as I was still logged in to an account that held it and it was retrievable on the site.

If you are logged in to a site that may have it...
Hit the profile and then settings and then security (or similar)
Re-enter password
It may be visible there.

I think I was able to find it on Openseas without difficulty unlike where I actually created it.
If you find it write it and save it elsewhere as well.

I invested $101 in Bitcoin (a fraction of a coin) several months back through paypal.
It went up well for a while but with the recent drop I am at about 75% of what I invested.
Then I went to Coinbase to create a wallet and bought $10 and one ETH ($14.00?) then earned another 10-15 dollars in lesser valued crypto coins.
Which have continued to decline in value.

My first investment was with Paypal (already had a way to purchase and they are known)
If you are interested, this is the least investment I could find anywhere that gets more than you start with.
Again through Paypal
If you use this link and buy a mere $5 in crypto, Both of us will get $10 in crypto as a bonus.
Buy $5, end up with $15 and I too get $10
In BitCoin that is about .0019 right now
Paypal $5 minimum purchase link

Hey, this is the time to start in the established market while it is down.
$5 is nothing these days and an easy start with a trusted pay method.
Pay $5 , start with $15 and see where it goes.

I also did Coinbase to create a WALLET where I bought another $10 BC and a single Rarible($14) and earned the free lesser coins by watching videos.
In my goal to mint an NFT, Paypal was not an option.

Last Edit: Jan 24, 2022 0:20:40 GMT -5 by TermiteHunter

GCGC Member Since August 25, 2008, 02:55:15 pm

TermiteHunter
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Crypto and NFT's Jan 30, 2022 1:31:25 GMT -5

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Post by TermiteHunter on Jan 30, 2022 1:31:25 GMT -5

Buy the dip

So I have a couple crypto wallets so as to not put everything in one basket when I connect one to a service.
Some have virtually nothing (or actually nothing) while others are more investment oriented and not connected.
Very interested in a non-connected wallet (a device I can hold) but they are suspicious too and are expensive

I need Etherium to mint NFT's so I have one for that purpose.
Paypal is a lone Bitcoin investment
I am replacing my current (out of the ordinary anyway) web browser with one that earns BAT (basic attention tokens) for what amounts to replacing ads with ads through the browser that earn BAT (that I can exchange for other crypto most easily ETH)
Coinbase where I store a variety of coins mostly earned for watching lessons about other coins and a few small investments.
Along with a couple others including one from the browser

I looked into mining which with my computer is a non-starter.
Then Cloud Mining which is ripe with risk / high cost and little reward if any in most cases.

I ended up with the Brave Browser
The idea here is that you use this browser for the internet and earn BAT depending on how often / long you are online and how many ads you view (mostly replacing ads you see anyway)
It has some nice security, speed, ad blockers and their ads pop up in the bottom right corner as little distraction. (apparently no need to click them)
Actually seems to be better than Chrome. Works the same. Incognito is far more secure if you are into that...using 3 levels of TOR.
Maybe as good or better than my Maxthon browser. Just need to add some bookmarks.

I am working on my NFT concept. Apparently the key is to promote before hand in most artist cases. Then you have the random project that takes off for no reason.
I want a Collection. Most likely based on one or more of my Volkswagens.
There are a few others but I am not impressed and they do not sell.
Got to find the niche and then the promotion that is wide enough

GCGC Member Since August 25, 2008, 02:55:15 pm

TermiteHunter
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Crypto and NFT's Feb 5, 2022 1:53:23 GMT -5

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Post by TermiteHunter on Feb 5, 2022 1:53:23 GMT -5

Coinbase:
They offer a wallet to store your crypto for payments to and from your account.
They are far more comprehensive than PayPal as a place to play with crypto.

The "FUN" part is that they offer more or less free Crypto for learning about the individual crypto offered.
There are a few when you sign up and more offered over time.
Simply watch a video or slideshow type lesson about the NEW crypto currency offered and get some for free.
Usually $1 per lesson with usually 3 lessons in total for each meaning $3 for each new coin offered.
Sometimes more. watch the lesson and take a quiz (until you get it right if needed) to earn free crypto.

I have some $20 in these lesser known crypto types. Perhaps one will take off and if they don't I have lost nothing.

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TermiteHunter
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Crypto and NFT's Feb 5, 2022 1:57:59 GMT -5 angeluscowl likes this

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Post by TermiteHunter on Feb 5, 2022 1:57:59 GMT -5

WARNING

If you get a 12 word "SEED"
DO NOT LOSE IT.
This is your ultimate "lost password"
It is not retrievable in most cases.
You could lose everything if you lose this.
Write it down.
Copy to a file elsewhere
Just do not lose it or give it away without being sure of who you are giving it to.

GCGC Member Since August 25, 2008, 02:55:15 pm

TermiteHunter
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Crypto and NFT's Feb 5, 2022 2:03:38 GMT -5

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Post by TermiteHunter on Feb 5, 2022 2:03:38 GMT -5

So the NFT collection is not simple.
Create your image
Add individual layers (hat, eyes, hair etc)
background
other individual characteristics and all of this goes into another program that distributes them.
This is where I tend to get lost with putting the characteristics in the right location and then creating the collection
(in a free to use method)

That goes into another program that distributes them

Then you can start the minting or mint on demand process.

Very involved and site specific.

Last Edit: Feb 5, 2022 2:06:05 GMT -5 by TermiteHunter

GCGC Member Since August 25, 2008, 02:55:15 pm

TermiteHunter Administrator Lackey Your Opencaching Ambassador Posts: 2,400 Geocaching Name: TermiteHunter Geocaching Since: 9/19/2007 City of residence: Charlotte	Crypto and NFT's Feb 6, 2022 0:35:02 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by TermiteHunter on Feb 6, 2022 0:35:02 GMT -5 Death Trap '66
	GCGC Member Since August 25, 2008, 02:55:15 pm

TermiteHunter
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Crypto and NFT's Feb 7, 2022 14:28:54 GMT -5

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Post by TermiteHunter on Feb 7, 2022 14:28:54 GMT -5

That was my first attempt that reached completion.
Just a simple modified photograph. Still it took me several tries just to list it.
Wanted to be sure I could go through that process first.
It did get a "favorite" right away. (though I suspect that is just to get me to buy theirs)

Right now, unless something better comes up, I would like to modify essentially that image with various characteristics to create a collection.
Not sure how many to mint or what all those characteristics will be.
Looks like I have to create each layer individually to put into the program that disperses them to individual images and tracks how many of each are represented in the collection.
The rarity of each is the collectable interest part of most collections.

Last Edit: Feb 7, 2022 14:31:39 GMT -5 by TermiteHunter

GCGC Member Since August 25, 2008, 02:55:15 pm

TermiteHunter
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Crypto and NFT's Feb 8, 2022 22:35:20 GMT -5

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Post by TermiteHunter on Feb 8, 2022 22:35:20 GMT -5

Trying out another NFT market
Rarible (I bought a small amount of this Crypto coin when I opened a wallet on Coinbase) They also have a market.
Here is the listing I made there as a trial.

SOL NFT

Rarible was actually easier to list an NFT on with no "gas fees" than Opensea

Gas:
Seems everything in crypto has a fee (I see them as taxes)
You buy crypto - there's a fee
You move crypto - there's a fee
You cash out or swap crypto - there's a fee
You buy something - there's a fee
You sell something - there's a fee
You create and mint a NFT - there's a fee
(You get the TAX idea? Earn money get taxed, spend money get taxed, save money get taxed.. Seems there are even more taxes in crypto though, along with hidden fees if you are not paying attention)
Oh, and you do have to pay actual Federal taxes on profits from crypto investment. Handled much like stocks.

When you "Mint" a new NFT they charge "GAS" essentially the fee to create and store the NFT.
A few sites allow you to create and list a NFT at no charge.
The trick here is that the purchaser gets to pay the "GAS" for Minting the NFT (less on some than others)

An example is that I was looking at purchasing a low priced NFT offshoot of the Bored Ape Yacht Club type.
It was only going to cost about $6 for the NFT and it was on the Opensea site and in the "Polygon" chain where the purchaser pays the "GAS" (just like I listed mine)
Depending on when I checked, the "GAS" was $65 -$80 to Mint plus the $6 purchase price. (not a value for an unrecognized low profit offshoot)
Plus there was some difficulty in the general purchase since I had to use my Polygon wallet which had no value in it.
I transferred the NFT amount ($7) before the attempt forgetting that the Gas had to be paid.
Then I was unable to convert the ETH sent to the Polygon wallet to the trade crypto I because it cost more to transfer it than I was trying to transfer (a lot more)

So I ended up spending $16 -$17 to transfer $7 to a wallet that I was unable to convert to the required crypto currency because I didn't have enough to pay for the conversion to another currency not including the additional minting fees of $60+.

Fortunately I did this after a recent upsurge and actually lost little to nothing since it is still there just in another wallet.

Last Edit: Feb 8, 2022 23:12:20 GMT -5 by TermiteHunter

GCGC Member Since August 25, 2008, 02:55:15 pm

TermiteHunter
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Crypto and NFT's Feb 10, 2022 0:18:21 GMT -5

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Post by TermiteHunter on Feb 10, 2022 0:18:21 GMT -5

You know what? I still think this is stupid.

I Want to find an up and coming version of The Bored Ape Yacht Club. There are none that are in at a reasonable price (under several hundred dollars)
But then you never know which one will take off. None offer anything like BAYC with an actual metaverse place to access.

They are either worthless (as far as I can see) or offer noting in return other than ownership in a ripoff version of a popular NFT.

Apparently "Discord" is a big thing in NFT's. advertising and person to person or group that ends up making a nothing NFT become popular
I am not in Discord. Without Discord promotion a new project is not likely to take off.

I have seen where others have failed with Discord followers that did not buy into the NFT.
Clearing the non participants and working from there worked better.

I have a new idea. No VW bugs, No insects...

My father had a collection of marbles from childhood (1940s)
And I was thinking of photos of them. Under lighting with bright lighting overall.
I find almost no actual marble photography on Rarible and Opensea (Marbles seem to mostly be artificial)
I want to light from underneath to accent the interior as well as show the general marble look with exterior lighting.
Possible rotating images (at a premium)
Then too I have my own collection from the 1970's as a separate group.

Hey, Why not? Maybe I will get into promotion of them then. Even free samples for some.

Still those listed above are FOR SALE and if you have more money than you need or think I may one day be an NFT celebrity you can get them now on the cheap.

GCGC Member Since August 25, 2008, 02:55:15 pm

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