All Things Cryptocurrency

#1 13th September 2017, 1:16 AM

Hey folks, I have been searching for a thread that talks about cryptocurrency investing, news, and mining, but I haven't found one.

Hopefully this will be a good thread for crypto enthuisist to share their knowledge about anything cryptocurrency related. All is welcomed! Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Dash (DASH), Monero (XMR), and any others that you can think of.

#2 15th September 2017, 12:08 AM

Hi,

I am a newbie to crypto but since today I am a bit scared. The whole china thing is making me crazy, even when I´ve read that they did the same with bitcoin years earlier.

But, well I cannot say much about it. I am making first steps with Ethereum, Neo, OMG and WTC.

best

#3 19th September 2017, 4:43 AM

Originally Posted by mace_k

Hi,

I am a newbie to crypto but since today I am a bit scared. The whole china thing is making me crazy, even when I´ve read that they did the same with bitcoin years earlier.

But, well I cannot say much about it. I am making first steps with Ethereum, Neo, OMG and WTC.

best

Welcome and thanks for the reply. I'm not that knowledgeable so hopefully we can learn together as a community here. Yeah, I know the China deal is a bit scary, but if you are long BTC (which I am). This might be a good dip to buy. If you are a day trader, then hold on.

#4 19th September 2017, 5:36 AM

Does anyone mine bitcoin? If so send me a pm plz!

Like I said in the other thread, watch "Banking on Bitcoin" on netflix! must watch!

#5 20th September 2017, 12:57 AM

Originally Posted by imhighhommie

watch "Banking on Bitcoin" on netflix! must watch!

I don't mine, but I will watch the doc. I have heard that it isn't profitable to mine unless you invest in tons of machines. Is that still true?

#6 22nd September 2017, 6:09 AM

Originally Posted by ekgbeat

I don't mine, but I will watch the doc. I have heard that it isn't profitable to mine unless you invest in tons of machines. Is that still true?

The more I get down the wormhole it seems that it isn't profitable to mine anymore. Another night of research, here we go lol

#7 22nd September 2017, 7:22 PM

This plays right into the hands of the TPTB, they want you to invest in this Ponzi scheme so when they disrupt the Internet with their red button and unleash their Magnetic Bomb chaos will ensue. Keep buying those electric cars, too, LOL!

What the hell is going to happen when their is no electricity? Technology only works if you can charge it or plug in, what then? Huh smart people?

#8 24th September 2017, 4:56 AM

Originally Posted by imhighhommie

The more I get down the wormhole it seems that it isn't profitable to mine anymore. Another night of research, here we go lol

Good luck with the research. I hope I'm wrong about the profitability in mining btw

Originally Posted by emk211

This plays right into the hands of the TPTB, they want you to invest in this Ponzi scheme so when they disrupt the Internet with their red button and unleash their Magnetic Bomb chaos will ensue. Keep buying those electric cars, too, LOL!

What the hell is going to happen when their is no electricity? Technology only works if you can charge it or plug in, what then? Huh smart people?

Interesting perspective. Guess there would be no online poker with electricity. Good thing I play live

#9 24th September 2017, 12:58 PM

ZEC mining is still profitable. my gtx950 is doing about 0.5$ per day.

#10 24th September 2017, 1:46 PM

i make mining cryptos, but the more profitable is daily trading if u are smarter than milions......

#11 28th September 2017, 4:56 AM

What exchange does everyone use to trade crypto?

#12 28th September 2017, 9:23 AM

Originally Posted by ekgbeat

What exchange does everyone use to trade crypto?

i m trading at poloniex, it has many cryptos

#13 29th September 2017, 4:09 AM

Originally Posted by AndreyS

i m trading at poloniex, it has many cryptos

I'll give it a try. What cryptos do you trade? What news sites do you read to know what to trade?

#14 29th September 2017, 12:00 PM

Originally Posted by ekgbeat

I'll give it a try. What cryptos do you trade? What news sites do you read to know what to trade?

My bot analyse prices trends by poloniex public API, coincap API and I make order based on my strategy, also i planing to add other crypto exchanges. It is semi-automatic trading based on technical analysis.

#15 1st October 2017, 7:37 AM

Originally Posted by AndreyS

My bot analyse prices trends by poloniex public API, coincap API and I make order based on my strategy, also i planing to add other crypto exchanges. It is semi-automatic trading based on technical analysis.

Sounds like some pretty sophisticated trading. Did you build your own bot? Do you leave your currency on poloniex or do you move it to a wallet? Which wallets would you recommend for different alt coins?

#16 1st October 2017, 5:13 PM

Originally Posted by ekgbeat

Sounds like some pretty sophisticated trading. Did you build your own bot? Do you leave your currency on poloniex or do you move it to a wallet? Which wallets would you recommend for different alt coins?

Yes, the bot is written in Python. Locally, I only store bitocoins on Bitcoin Core wallet, alt coins store only on Poloniex.

#17 1st October 2017, 5:49 PM

I don't know what you guys are talking about. I'm putting my money into hashflare. You buy a .01 TH at a $1.50 each to mine bitcoins. I started out with .07 THs, and just ignored it for about 4 months until I had about $11 worth, then I purchased more Ths with my balance. Right now I've got .36 THs and earned .00009036 yesterday which is worth about 39 cents. I would call it more of a hobby than an investment right now.

#18 1st October 2017, 6:43 PM

I use bicoin to deposit money in my BCP and ACR Accounts it's very fast love it.

#19 1st October 2017, 6:47 PM

At the moment exchange rates maledicte and the benefit is very small-do not profitable!

#20 3rd October 2017, 4:43 AM

Originally Posted by AndreyS

Yes, the bot is written in Python. Locally, I only store bitocoins on Bitcoin Core wallet, alt coins store only on Poloniex.

Thanks for the info.

#21 10th October 2017, 5:22 AM

What is everyone's' TA telling you about the next entry and selling point for BTC? Any alt coins worth getting into?

#22 6th November 2017, 6:39 AM

BTC over $7K and no one want to talk Alts or other BTC news?

#23 11th November 2017, 4:45 AM

Okay, BTC back under $7K....nothing to see here. How about that BCH

#24 27th November 2017, 12:12 AM

So...bubble yet or not? Just opened an account at Coinbase to dabble in this, and thinking ETH or LTC might be best to start. Kicking myself because ETH has gone up by $100 since I started thinking about it a week ago.

I have a young cousin who has made an increasing fortune by mining bitcoin starting in 2013 I believe. He was on the local news about it and had a special server at his home. Did he share the info with his cousins, hell no, and I didn't see the news report then.

Planning to only invest what I can afford to lose, at least that's what I'm telling myself.

#25 27th November 2017, 3:29 AM

Originally Posted by rifflemao

So...bubble yet or not? Just opened an account at Coinbase to dabble in this, and thinking ETH or LTC might be best to start. Kicking myself because ETH has gone up by $100 since I started thinking about it a week ago.

I have a young cousin who has made an increasing fortune by mining bitcoin starting in 2013 I believe. He was on the local news about it and had a special server at his home. Did he share the info with his cousins, hell no, and I didn't see the news report then.

Planning to only invest what I can afford to lose, at least that's what I'm telling myself.

Hey, welcome to thread!!!! Below is my comment from another BTC thread about the BTC bubble. That is cool to hear about your cousin, and a good plan to only invest what you can lose. Kind of like poker. Hopefully your cousin is sending BTC as a Christmas present

Yes, from an economic BTC is on it's way to bubble status, but unlike the "Tulip Bulbs", BTC will still have value. From a utility standpoint, BTC might not be work $XXK, but it worth more than $0. If you use it as an investment then there is risk. If you buy it when you need to use it to pay for a service, play online poker, or buy items in another country, then there is a great deal of value.

Think about the freedom of not having to go to a bank and exchange money at high fees to play poker in another country. Exchange BTC for the local currency and pay almost null in fees.

#26 28th November 2017, 8:16 PM

Originally Posted by ekgbeat

Hey, welcome to thread!!!! Below is my comment from another BTC thread about the BTC bubble. That is cool to hear about your cousin, and a good plan to only invest what you can lose. Kind of like poker. Hopefully your cousin is sending BTC as a Christmas present

Yes, from an economic BTC is on it's way to bubble status, but unlike the "Tulip Bulbs", BTC will still have value. From a utility standpoint, BTC might not be work $XXK, but it worth more than $0. If you use it as an investment then there is risk. If you buy it when you need to use it to pay for a service, play online poker, or buy items in another country, then there is a great deal of value.

Think about the freedom of not having to go to a bank and exchange money at high fees to play poker in another country. Exchange BTC for the local currency and pay almost null in fees.

I bought into ETH after reading more about it. Fingers crossed for the long term.

#27 29th November 2017, 10:44 AM

BTC hit 10k yesterday smh. I remember when we use to laugh at that coin.

#28 29th November 2017, 5:13 PM

Bitcoins are incredibly wasteful in terms of the amount of energy used to mine them. It uses more electricity than a country like Ireland does.

Hopefully it gets outlawed pretty soon on environmental concerns. That would most definitely pop the bubble.

#29 29th November 2017, 11:37 PM

today has been a crazy day as far as crypto trading goes. swings have been so crazy... following all the news on youtube

* CRITICAL LEVEL $10 000 * BITCOIN trading live...

#30 30th November 2017, 5:40 AM

Originally Posted by rifflemao

I bought into ETH after reading more about it. Fingers crossed for the long term.

That's a tough one. I saw that ETH is more of a means of exchange, and BTC is a store of value. ETH is used in ICO transactions so all of the DAOs are paid in ETH, but they have to exchange it for fiat to run the business.

Originally Posted by vtriclone

today has been a crazy day as far as crypto trading goes. swings have been so crazy... following all the news on youtube * CRITICAL LEVEL $10 000 * BITCOIN trading live 24/7 - YouTube

Yeah, it's pretty crazy to see BTC above $10K, then dump, then go back up. I guess that's the new support level

#31 1st December 2017, 1:53 AM

The Value In Cryptocurrency Explained By A Crypto...

#32 1st December 2017, 2:51 AM

Originally Posted by rifflemao

The Value In Cryptocurrency Explained By A Crypto Hedge Fund CIO - YouTube (http://www.youtube.com/watch?v=aVUqXuIcpZ4)

Great video, thanks for posting!

#33 2nd December 2017, 5:29 PM

the latest on crypto news... this show is also backed by Americas card room!

Bitcoin Futures Launching December 18th! Coinbase...

#34 4th December 2017, 4:46 AM

Originally Posted by vtriclone

the latest on crypto news... this show is also backed by Americas card room!
Bitcoin Futures Launching December 18th! Coinbase Taps TD Ameritrade Head For COO Role! - YouTube (https://www.youtube.com/watch?v=zeMQmhjllWY)

I'm unsure how to feel about this news. It should be good for BTC in general, but there is a major issue with the mechanics of the futures. I'm most trades, you can can get the goods behind what you are trading. That is not true with Bitcoin, meaning if you buy 1 contract, you don't get 5 BTC at the end of the trade. It is settled in cash. That means that there can be a disconnect between the price of BTC and futures market.

It would have been a better deal if the futures were actually backed and settled in BTC.

#35 4th December 2017, 8:01 AM

What is the best way to mine litecoin?

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