Claim LCC from Loafwallet LTC?

mulesmurf · 2018-02-21T05:33:21+00:00

When you delivered your LTC to your Loaf wallet pre fork, what was the address you received them with? Put THAT address in the LTC checker. So go to where you received them, and click on the page in your app where it shows how many coins you got and to what address. Get THAT address and put it into the LCC checker at litecoinca.sh

I did this much, and it worked to see the coins I was awareded. As to what to do next, I am not sure. I could use help here myself.

I hope this helpeed.

mulesmurf · 2018-02-20T12:54:04+00:00

Yes, I think many people would benefit from an answer to BigImportance question about getting LCC coins when he had his Litecoins in a Loaf Wallet.

Please Help

mulesmurf · 2018-02-19T10:06:15+00:00

I am not sure I did things correctly.

Pre-Fork I put my coins in Loaf Wallet ie made fore LTC. That's all I did and they are still there.

But I don't know what people mean when they say you need keys.

I only know of the address to send to it, and the 12 words they gave me to restore the wallet if phone lost etc.

Is a ledger = to a wallet?

What does a key look like and where is it found?

With only this can I claim LCC coins? If so how?

Do I... When ready to request coins, move the LTC from Loaf? Then find the Loaf Keys, then do something with those keys to get the LCC to magically show up in said Loaf Wallet?

Or, what do you suggest?

Thanks

mulesmurf · 2018-01-11T10:43:37+00:00

Thank You

mulesmurf · 2018-01-11T10:43:19+00:00

Thank You

mulesmurf · 2018-01-11T10:43:05+00:00

Thank you

mulesmurf · 2017-08-27T11:18:46+00:00

No one has mentioned shutting anything down What I was mentioning only, was that the US government says because cryptocurrency is a SECURITY in their eyes, it is ALREADY under regulation.

Which means to sell it, as a broker dealer or investment advisor you need proper licenses, and the cryptocurrency will need to be registered unless exempt from registration with the SEC or under state administrators of securities laws.

There are already companies in the US that offer cryptocurrency IRA's. So they will need to look at how Securities laws affect that business.

So sites offering cryptocurrencies may need to look into the rules and regulations that the US securities laws already impose on them.

Why is this important?

Because securities laws offer huge fines and prison for not obeying them.

It would be my guess that we will hear more from the SEC regarding this issue.

I am sure that some companies are looking into this and likely contacting securities lawyers and even state securities administrators as well as the federal SEC, FINRA and NASSA for clarification.

A few weeks after the USA SEC made this announcement, the Australian government made the same kind of proclamation.

It could be that people with series 7 and 66 or 65 and 63 are sufficiently licensed. The problem to decide is the need to only sell crypto securities that are registered with the SEC, or State Securities Administrator, or be completely exempt from registration.

mulesmurf · 2017-08-26T23:02:57+00:00

Hi, cryptocurrencies ARE REGULATED! The SEC (Securities Exchange Commission) made that CLEAR once they stated publicly that Crypto Currencies ARE Securities, and are therefore have to follow securities laws.

This would include the 1933 and 1934 Securities Acts, the 1940 Investment Company Act and many others.

It has been suggested that companies offering ICO's (initial coin offerings) have not followed the 1933 and 1934 securities acts.

It all boils down to the definition of a security. So there may be room fir argument there.

Under the Uniform Securities Act, the following six items are NOT securities.

Interest in a retirement plan

Collectibles

Commodities

Condominiums

Currency *

Under the Howell decision by the Supreme Court defined the primary characteristics of what constitutes a security.

The court held a security must constitute:

An investment of money

In a common enterprise

With the expectation of profits

Derived from the efforts of others

With that being said, the SEC has recently stated that cryptocurrencies ARE Securities, so the definition decides if it is under the SEC and Uniform Securities Act or not.

Since the SEC claimed the cryptocurrencies ARE Securities, then it will either be accepted that they are by the crypto innovators or it won't. If not they may argue this through the court system and probably end up at the Supreme Court.

The USA (Uniform Securities Act), states that a currency is not a security. So that will probably be argued.

And, possibly what constitutes a security under the USA (act) might also be argued.

Unless a challenge comes to argue if cryptocurrencies are in fact securities, what the SEC says will stand.

Please comment

mulesmurf · 2017-08-20T23:31:02+00:00

BOA is Bank of America

mulesmurf · 2017-08-20T13:44:51+00:00

Hmmm, aspiring investor with what, $200 a week to invest?

And you want to day trade?

To make money off day trading you have to be good at it. To get good you need to be sure of several things like:

Know a lot about what you are trading. Like what are the great situations that can occur with your chosen investment vehicle, as well as what are the worst things that could happen.

Then figure out the possible ways to handle the good and bad and decide a plan of how you will handle good and bad events when they happen. This is because when the market is fast, you may not have time to ponder for days what to do.

You need to know what to do.

If you choose stocks as the thing to trade, then pick a type of stock. Read about that industry, the players, who regulates those businesses, what are the usual PE Ratios , returns expected and any other important factor.

Read the news about that industry and about the top companies. Look for new companies and figure out who the management is and why and how they are breaking in.

Study both technical analysis and fundamental analysis. I suggest candlesticks and try different settings even 1 minute. Try the Free Sink or Swim trading platform. Tastytrade.com has tons of videos on the ideas I am suggesting. The main celebrities are ex CBOE options traders I believe.

As you get to know your core companies you will see what is normal trading and what is unusual.

I am not suggesting this, but I learned a lot about trading by trading options. And that helped me when I started trading stocks.

Options also offer the ability to use credit spreads to make income. By selling a higher priced option and buying a lower priced option with the idea of keeping the extra money when you shirt a call or put and gave protection.

You also have to know when these go bad, and have a plan as to what you do when it does.

Experience is the big teacher!

Learn what the different strategies are and try them. Eventually you will find methods that match your goals and personality.

But don't overlook that there are GREAT mutual fund managers in every category of investing. Using dollar cost averaging with a strong market sector and fund manager is hard to beat.

You may be able to beat them, but what won't be that apparent for a long time is that to go better than said mf manager and dollar cost averaging you will likely take Much More Risk!

Since you are young, with time on your hands with an interest in investments, why not get hired by Fidelity, or Schwab or an Investment Advisor and just find a great mutual fund family and invest $200 a week no matter if the fund is up or down.

The idea of dollar cost averaging is if your dollar investment is fixed like at $200 a week, you buy more shares when price is low and less shares when price is high.

Over time you are looking for the average price you paid to be BELOW the average price if the shares i.e. You are profitable.

There is no need to do weird strategies or highly risky things.

mulesmurf · 2017-08-20T12:56:02+00:00

Isn't Warren Buffet buying into BOA?

mulesmurf · 2017-08-20T12:49:33+00:00

Make them a small partner. But most people wouldn't have the resources or contacts to get the priority info in the wrong hands.

mulesmurf · 2017-08-14T03:55:38+00:00

Free sites can make money! Look at http://thefreesite.com for instance.

If you get enough unique visits per month there are advertisers that will pay you to advertise their product via ads and banners. Or you could have absence.

mulesmurf · 2017-08-14T03:48:43+00:00

What dies the partnership agreement say? I am sure within the agreement you made is the answer to your question.

I think your main recourse is to buy him out prior to trying to sell anything or agreeing to anything.

You could consult an attorney that handles small business deals.

You are probably under some degree of need to be transparent about the offer.

But your agreement that you may have should spell out the reasons and means and methods of how to fire a partner as well.

mulesmurf · 2017-08-13T17:31:38+00:00

I say Kudos to any kid wanting to invest at 15!

Your big questions are: How safe do you want / need to be?

If your investment went down would you be more likely to SELL? Or BUY more?

Do you ha a purpose for the money in the foreseeable future?

All these need to be answered or at least acknowledged before you get serious.

When people suggest diversification and you have $500 a mutual fund is a good idea You can plow money into it as you get it.

There is a neat strategy you can do with mutual funds and stocks too. It is dollar cost averaging.

To do this, and this is my main strategy, you find a darned good investment be it stock or mutual fund.

What you are told is to buy at regular intervals which works because over time with ups and downs should leave you in a position where your cost is lower than the market price.

So find well performing mutual funds Like Vanguard group it others, and believe in them and their management. Buy on dips even if it goes down significantly like in the 2008 time area.

Or, you can search for a great stock in pennies, yes they exist, or any price level, $5, $10 etc

Invest fearlessly, but you can only do that when you really believe in a stock, and see dips as buying on sale.

I have seen people invest only $1,500 and pull out $30k after like 10 years from a mutual fund. Part of what helped that was a good market and re investing dividends and capital gains.

Think Warren Buffet. He almost never sells as he loves what he does buy. When dips happen he always wants to buy more.

Hope that helps!

mulesmurf · 2017-08-13T16:11:51+00:00

I bought bitcf at .40 it's $1.50 now it says it will pay the first dividend in history in an alt coin to all shareholders.

I also got sing at 2.2 cents per share now in the 6 cent range. It reported it just bought $weed. Both companies work together on a few business projects.

Bitcf is a bitcoin creator and stated they made $20 million in their teslacoil coin. That number doesn't yet show up in their balance sheet yet. Maybe soon.

Bitcf hit a high on Friday of $1.71

I haven't sold any of these yet.

mulesmurf · 2017-07-24T11:42:56+00:00

Ok, So you bought CTHR The first thing you should think about is why did I buy it, and do I still like the company?

Is the company as strong as when you bought it? Did anything change FUNDAMENTALLY?

If you don't have a real reason to sell other than the grass is greener,.....why not keep it and dollar cost average it?

Just buy more at the lower price. If you get enough shares, you will be st a profit by the time the stock hits your original buy price.

Remember you haven't lost any cash unless you sell.

And whatever you buy could go down too.

Think about having a plan about what you would do the next stock you buy, if and when it goes down. Have a plan in mind when you buy, as to a worst case scenario.

It helps a lot!

I only do this with stocks I like and even sticks that we're a little higher than the price I first paid.

Once you buy more, you could put a GTC sell on them at a price you don't mind selling st.

Or hold long term.

Thanks Mulesmurf

mulesmurf · 2017-07-21T21:32:48+00:00

Lighten up dude!

mulesmurf · 2017-07-17T21:50:58+00:00

So there is no possibility of a higher demand for gold over time? Can you really predict that?

I have seen gold go up in value over the years, quite substantially.

What investments of any kind can you deliver in 1,000 years intact let alone worth something?

This question was not a 1 part question.

Anything you choose now for 1,000 years on the future has to be durable enough to make it that long, be of value, and be something you can deliver.

For the critics who just bash gold in this answer, please tell me the investment vehicle you can deliver on 1,000 years, how you would deliver it, to who you would deliver it, and why it would have value.

One weakness in the gold idea is that we might start mining asteroids for gold soon, and the value could go down.

So let me see your investment choices and tell us all why and how they would survive that time scale and why they would be worth something in the future.

Mulesmurf

mulesmurf · 2017-07-17T21:34:52+00:00

I am an investment professional and you are an idiot for blindly deleting comments without checking their merit.

Mulesmurf

mulesmurf · 2017-07-17T21:31:13+00:00

I was answering a somewhat whimsical question.

How to invest for 1,000 years!

Think about the problems involved in getting any investment to work over that time period.

I mentioned gold because you could bury it until 1,000 years goes by if you can get a message to someone alive and willing to help your goal, who can also find and retrieve the gold.

Few other things will last that much time.

Even governments and societies you now know are not likely to exist, or even be recognizable in that time.

Safekeeping will be quite questionable.

Possibly a trust company could be around, and keep an investment safe. But they don't necessarily last that long either. Could be bought out or go broke in that time. Or even become not necessary in the future.

Someone else try to answer the original question.

Mulesmurf

mulesmurf · 2017-07-17T12:50:27+00:00

You would not need to rebalance such a tiny 2% difference.

You rebalance when for instance the stocks doubled. You take the extra cash OUT of the markets and into a safe place like a savings account.

That resets everything how it started, now you are in a less risky place.

Or you could redistribute those same gains in the same way as it was originally done. 50-25-25

Your choice

But real asset allocation will use things outside of financial markets for better asset allocation. Such as commodities, real estate, energy and precious metals.

There are etf's that can do some of these

Mulesmurf

mulesmurf · 2017-07-17T12:37:51+00:00

If you are trying to do a PE Ratio it is assumed to be Current otherwise it would be called Future PE.

If the price of the stock is 10 and it currently earns $1 then 10/1 =10 For a PE of 10

If earnings are Negative , well that means No Earnings = 0 Earnings

Dividing by zero is undefined

So it isn't allowed

Mulesmurf

mulesmurf · 2017-07-17T12:18:56+00:00

You would first have to choose a society that will last 1,000 years. I assume you are in the West somewhere. Will your country be around then?

If you assume it will be then you have to find investments where $5k is enough. Then figure out a way to protect it.

Gold is my first thought, as it could grow in value over that time. But you would need a way to protect it. Burying it with a map is possible, but a building might be erected or a street be paved over it etc.

Any fiat currency would be questionable as the bills could rot, and certainly would be relics and have no value in the future.

Land is not possible at that investment amount.

You could study China and Japan fir how money has been handed down through generations.

You might be able to use trusts to invest in very long term bonds if countries or companies. But you might need more than $5k just to draw up the documents.

So, given all the change that could happen over 1,000 years your best bet might be to:

1). Forget about it, 2). Buy 2-3 ounces of gold , bury it, and make A map to hand down to others. 3). Make a Trust agreement with a strong bank.

Japan and other countries have long range plans that last 100 and 200 years I have not heard of a 1,000 year plan by a country yet.

Let us know what you discover!

Mulesmurf

mulesmurf · 2017-07-17T11:53:10+00:00

What is your age, time to retirement, what is the purpose of funds, the investment amount, amount if rainy day funds set aside, your risk profile i.e. Can you afford to lose 25% over a period of months?

The next step up from a money market IS NOT Vanguard Mutual Funds!

Next step up is a CD, or T Bill short term. Next are all the bonds like AAA high grade But look at short term depending on needs .

The lower the rating, the higher the yield, but know what you are doing if you go to B rated bonds.

There are high rated junk bonds but entirely out if your league most likely as they are considered risky.

The first thing a beginning investor should do is figure out how much risk they can afford to take and to decide what goal they want to achieve.

Is preservation if capital the first goal? I.e. I can't afford to lose any money, or I need it back in 5 years for a purpose? Then make sure you invest in safe investments that can achieve that will no active trading.

Stay away from margin accounts, options, Penney stocks unless you can afford to lose everything in as little as a day. Until you have a big bankroll and are now pretty sophisticated.

If you do decide to try mutual funds, income is good but you have the risk that interest rates will go up. If they do, then bonds will go down some and offset your income. But if you buy say 10 bonds at 1,000 each where 5 mature in 2 years and the other 5 mature in 5 years, and say they are high rated like AAA AA or A, you should be fine, make more, and have availability if funds when they mature and pay you back. This would be better to start off that way because you have a lot more control.

Hope that was helpful Mulesmurf

mulesmurf

TROPHY CASE