All Things Cryptocurrency

#1 September 13th, 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 September 15th, 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 September 19th, 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 September 19th, 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 September 20th, 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 September 22nd, 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 September 22nd, 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 September 24th, 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 September 24th, 2017, 12:58 PM

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

#10 September 24th, 2017, 1:46 PM

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

#11 September 28th, 2017, 4:56 AM

What exchange does everyone use to trade crypto?

#12 September 28th, 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 September 29th, 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 September 29th, 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 October 1st, 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 October 1st, 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 October 1st, 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 October 1st, 2017, 6:43 PM

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

#19 October 1st, 2017, 6:47 PM

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

#20 October 3rd, 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 October 10th, 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 November 6th, 2017, 5:39 AM

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

#23 November 11th, 2017, 3:45 AM

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

#24 November 26th, 2017, 11:12 PM

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 November 27th, 2017, 2:29 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 November 28th, 2017, 7:16 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 November 29th, 2017, 9:44 AM

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

#28 November 29th, 2017, 4:13 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 November 29th, 2017, 10:37 PM

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

You Tube

#30 November 30th, 2017, 4:40 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

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 December 1st, 2017, 12:53 AM

You Tube

#32 December 1st, 2017, 1:51 AM

Originally Posted by rifflemao

Great video, thanks for posting!

#33 December 2nd, 2017, 4:29 PM

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

You Tube

#34 December 4th, 2017, 3:46 AM

Originally Posted by vtriclone

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

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 December 4th, 2017, 7:01 AM

What is the best way to mine litecoin?

#36 December 7th, 2017, 12:18 AM

I'm not sure about mining. Is buying the rig still profitable to mine LTC? I'm not sure that the price is there to support it, but let me know.

#37 December 7th, 2017, 2:01 AM

man, btc keeps charging up. went past 14k today so crazy... they are saying it will be to 25k soon... hodlllll

#38 December 7th, 2017, 4:24 AM

Originally Posted by vtriclone

man, btc keeps charging up. went past 14k today so crazy... they are saying it will be to 25k soon... hodlllll

I keep waiting to buy on a big dip and it doesn't seem to happen. Just going to ignore volatility and dollar-cost average I guess.

Bought some Cardano ADA recently. Fingers crossed for the long term.

#39 December 7th, 2017, 10:04 PM

In one day rate bitcoin to dollar has risen by $ 5,000

Do you invest in bitcoins? lol

#40 December 7th, 2017, 10:41 PM

Originally Posted by Muzyka1996

In one day rate bitcoin to dollar has risen by $ 5,000

Do you invest in bitcoins? lol

Never, today I read that hackers have stolen about 66 million dollars (in bitcoin) from "bitcoin-miners".

#41 December 7th, 2017, 11:40 PM

Wow now that's a theft

#42 December 8th, 2017, 12:08 AM

Yes, but too late.

#43 December 9th, 2017, 12:10 AM

How about LTC today? Up like 27%.

#44 December 9th, 2017, 10:29 PM

Originally Posted by rifflemao

I keep waiting to buy on a big dip and it doesn't seem to happen. Just going to ignore volatility and dollar-cost average I guess.

Bought some Cardano ADA recently. Fingers crossed for the long term.

You have to take market fundamentals out of the game plan when dealing with crypto. It's like the gold market on steroids

#45 December 9th, 2017, 10:31 PM

What does everyone think will happen when the CBOE opens BTC futures to the world? Any price predictions on what will happen?

#46 December 9th, 2017, 11:27 PM

In my opinion if you want to understand crypto-currency one great resource is on Facebook aka Ivan on Tech - https://www.facebook.com/ivanontech/
and another widely respected spokesperson in the crypto community is https://antonopoulos.com/

#47 December 11th, 2017, 2:42 AM

Enjoyed this:

You Tube

#48 December 13th, 2017, 1:13 AM

Originally Posted by acemenow

In my opinion if you want to understand crypto-currency one great resource is on Facebook aka Ivan on Tech - https://www.facebook.com/ivanontech/
and another widely respected spokesperson in the crypto community is https://antonopoulos.com/

Yeah, Antonopoulos is really passionate about cryptos. I'm still shocked that people donated over $1.3M to him in a matter of days.

Originally Posted by rifflemao

Enjoyed this:

12/9/2017 - YouTube

Good stuff

#49 December 13th, 2017, 8:21 PM

I Suggest Investing small amounts in others Cryptos, like 20 or 30 bucks each of the most famous, then leave it for a months stashed and check for profit. Then one day if possible and BTC has not broke yet buy and sell BTC

#50 December 13th, 2017, 9:59 PM

I wish I brought the win I had the chance

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