Web 3.0 (Ethereum) is happening, and most people have no idea what it even is.

[1step]

Just finished reading all 27 pages of this over the past few days. Thanks to all the contributors and I am glad the thread moved past the first few pages of back and forth about the technologies value.

@JScott your position on PAY really stood out to me, after finishing the thread I pulled up the chart and was a bit surprised to see the decline over the past few months. Are you still as bullish on this?

 

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[johk]

Hi
One reason for the TenX’s recent ‘slump’ could be that on 1st of November Gatecoin decided to remove some tokens (DigixDAO, Iconomi, Tenx and Monaco) from their exchange.

Reason being that the be deemed securities by the Hong Kong Securities and Futures Commission’s (SFC).

JH

 

[AG356]

Hi
One reason for the TenX’s recent ‘slump’ could be that on 1st of November Gatecoin decided to remove some tokens (DigixDAO, Iconomi, Tenx and Monaco) from their exchange.

Reason being that the be deemed securities by the Hong Kong Securities and Futures Commission’s (SFC).

JH

The volume on Gatecoin is 13.000$ in the past 24 hours while on Bittrex 920.000$ were traded in PAY in the same period of time. I strongly doubt it's because of this but more because of the ongoing BTC bullrun.
It affects all altcoins since people pulling out the money and investing into BTC going into the fork on November 11th.

Additionally a lot of new money comes into the cryptocurrency space which futher pumps the BTC price up. Those people obviously invest into the poster child of the cryptocurrency world before (and if) they look deeper into the technology, projects and currencies available.

 

[Deleted52191]

*Subscribed

 

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[Vigilante]

Millions of Dollars Worth of Ethereum Got Locked Up. Here's Why

 

[Vigilante]

Coinbase - Buy/Sell Digital Currency

Would this be the recommended place for a newbie with a few thousand dollars to play around with to set up an account and buy some ether?

 

[James Fake]

Would this be the recommended place for a newbie with a few thousand dollars to play around with to set up an account and buy some ether?

Yup! Although; what I would do is make a small first purchase ($100 or so) on Coinbase to get a general idea of the basics. And then move your money into Gdax.com (owned by Coinbase and also integrated as well) and then buy the remaining ~$thousand(s) from there. The fee difference is Coinbase 1.5% versus Gdax .0025%.. (so for a $2000 buy, fee would be $5 versus $30)

 

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[steelandchrome]

Yup! Although; what I would do is make a small first purchase ($100 or so) on Coinbase to get a general idea of the basics. And then move your money into Gdax.com (owned by Coinbase and also integrated as well) and then buy the remaining ~$thousand(s) from there. The fee difference is Coinbase 1.5% versus Gdax .0025%.. (so for a $2000 buy, fee would be $5 versus $30)

Actually if you use limit orders on gdax you pay zero fee trades. The fees for trades on gdax only apply if you use market orders. I do all my purchases on gdax.

The only bad part os you have to load money into your wallet on coinbase 7 days or so before you can actually place a limit order on gdax to allow time for it to clear your bank so you have to weigh the fees coinbase charges vs the potential run in price waiting the 7 days for the money to clear. If you do an order on coinbase at market prices you pay the fees and lock in the price at that minute but you still have to wait the 7 days before you "receive" the ETH, LTC, or BTC and can trade it again.

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[lnBetween]

I'm looking to wire transfer USD to Kraken to buy BitCoins and other cryptocurrencies, then transfer those currencies to Bittfinex in order to have access to more cryptocurrencies at a larger volume.

1 - What's the best way to transfer those cryptocurrencies between Kraken and Bittfinex?

2 - Can MyEtherWallet store multiple cryptocurrencies or only Ether? If so, is there a secure wallet that would allow me to store multiple currencies?

 

[Coalission]

Would this be the recommended place for a newbie with a few thousand dollars to play around with to set up an account and buy some ether?

That or Gemini.com (Winklevoss twins exchange).

 

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[JAJT]

Would this be the recommended place for a newbie with a few thousand dollars to play around with to set up an account and buy some ether?

While i'm no expert, this is what I used and see referenced quite a bit.

 

[Zarathustra]

Fully read up to page 18 (articles, videos, and all), skimmed the rest. Holy F*ck, my head hurts. But thank you all so much for helping me learn about blockchain.

Anyways, crypto seems to have the potential of being great space so I'm going to keep my eye on it. What stuck out to me was this infographic in one of the articles or posts:



For everyone experiencing FOMO (fear of missing out) from not jumping on the crypto bandwagon, just LOOK at all these crazy exciting opportunities that the future will have. Any one of these spaces are billionaire-makers. My point is, don't feel like you have to jump on crypto or else you're F*cked out of the opportunity of a lifetime like missing the internet boat. Keep it in the back of your mind if you're not too sure what value to create with it. Or jump into now if you have valuable ideas using blockchain tech.

Anyways, one quick question for y'all. Do you think the crypto market is in a bubble and if so, when is your best prediction of when it will crash? Obviously nobody has a crystal ball but I'm still curious what you guys think.

 

[James Fake]

@Zarathustra - True.. always and many upcoming things that will create wealth! Especially in our technology boom this and next decade..

The only thing I don't agree with is that although that chart shows great tech; only a small handful is in something that a "average joe" can get into without huge barriers of entry.

 

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[Zarathustra]

Depends on your definitions... Was the Internet in a bubble back in the late 90s? Yup. And it "crashed" in the early 2000s. And that "crash" was just a minor blip on what was to be become the greatest tech explosion in history. So, given that it was just a minor blip, should we still call it a crash?

Again, it depends on your definitions...

Like a dot-com bubble-esque crash I'm curious when you think that will happen with the crypto-market if at all.

 

[Ginto]

Like a dot-com bubble-esque crash I'm curious when you think that will happen with the crypto-market if at all.

I think we will see many small corrections that can be labeled as crashes just like in 2013-2014. Everyone thought bitcoin was in a huge bubble at $1,300 but here we are.. Point is that crypto space will expand just like internet tech past the dot-com bubble.

 

[ruzara5]

Absolutely no idea. And anyone who claims they are smart enough to know is lying to you (and probably themselves). Personally, I believe blockchain technology (and cryptocurrencies on top of blockchain) are here to stay. So, while there could be some mini-crashes -- or even some major crashes, as their has been in the Internet world -- ultimately, the industry is going to be successful. In fact, it would be crazy to think there won't be both small and large corrections. But, if you're playing the long game, just buy the blue-chips and hold on...

It is a bigger universe than most think. Cannot know it all. Here are some recent details of some simple categories where blockchain and ethereum are going towards 'disruption'. Fraud deterrent, useful for contracts, asset registry, decentralized notary. This alone is already a connection to realworld services and industries. Blockchain as it improves will be a contender that makes it the middleman. Just like paypal is for ebay, etc. Corrections will follow. Bitcoin is a big space. It is simply going to be a stabilizing force for genuine freemarket and people powered economics.

 

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[Siloa]

I am not a cryptocurrency expert, the opposite. This is a bit fuzzy.
But I read an interesting article on Ethereum today, in french though and I am wondering about the language behind Ethereum: Solidity.
Instead of thinking about the crypto as a trading, could it be Fastlane to learn the language and develop applications in that network? The guy gives, in his articles some examples that are interesting and being an early adopter can give power, no?

If this has already been mentioned in the past 27 pages, sorry, I haven't read the full story.

 

[Niptuck MD]

F*ck jamie dimon. The incompetent SOB had no clue few years back were 2Bilion dollars went from chase.... I hope this transpires to oust him from his lunacy.

 

[ColbyG]

I am not a cryptocurrency expert, the opposite. This is a bit fuzzy.
But I read an interesting article on Ethereum today, in french though and I am wondering about the language behind Ethereum: Solidity.
Instead of thinking about the crypto as a trading, could it be Fastlane to learn the language and develop applications in that network? The guy gives, in his articles some examples that are interesting and being an early adopter can give power, no?

I also like this line of thinking. So Ethereum uses solidity, while Neo uses existing programming languages. Since I already know a bit of Java, if I was to develop a Dapp, I'd develop it for Neo since I won't have to learn a new language. Plus you always know that those programming languages will be useful in the future.

These early days right now could be like the days before the app store was started. So getting in now could be very valuable.

 

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[ColbyG]

Depends on your definitions... Was the Internet in a bubble back in the late 90s? Yup. And it "crashed" in the early 2000s. And that "crash" was just a minor blip on what was to be become the greatest tech explosion in history. So, given that it was just a minor blip, should we still call it a crash?

I agree with this. I think there is way too much hype around cryptocurrencies at the moment, and its not sustainable. I believe it will 'crash' in the short term but then in a few years we will just see it as a correction. And a much needed one in my opinion.

 

[James Fake]

These early days right now could be like the days before the app store was started. So getting in now could be very valuable.

THIS. My dev team and I had a pretty deep discussion into apps on Eth and other crypto... it's crazy that we have yet to discover what blockchain can really do.

Most people think in terms of like building an exchange (coinbase, kraken, etc.), another coin, or marketplace app, etc. but it goes beyond that.

Blockchain and other tech like Hashgraph, I think this is the beginning of the true Web 3.0 - building on top of the internet and connection in un-imaginable ways.

 

[ColbyG]

Amazing news! This what we need more of to move out of the hype and into real world valuation.

Side note: A dapp called Virtue Poker has signed Phil Ivey as a representative. Interesting for those into poker.

 

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[MarekvBeek]

If you guys want to have some GOOD marketing lesson. Please check up The Bitcoin Code. Though I warn you guys for applying to it, because it's has every sign of a scam!

 

[Toshiro]

Hey guys, does anyone have experience with mining rigs like this one 8*p106 Graphics Card Ethereum Mining Rig,192m/s Hash Rate Ethereum Miner - Buy Ethereum Miner,Eth Mining Machine,Ethereum Mining Rig Product on Alibaba.com
How much money is it possible to make with one and are the sellers trustworthy?

 

[LleixG]

Hey guys, does anyone have experience with mining rigs like this one 8*p106 Graphics Card Ethereum Mining Rig,192m/s Hash Rate Ethereum Miner - Buy Ethereum Miner,Eth Mining Machine,Ethereum Mining Rig Product on Alibaba.com
How much money is it possible to make with one and are the sellers trustworthy?

Mining is not profitable unless you have really cheap electricity or millions to invest

 

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[GlobalWealth]

Mining is not profitable unless you have really cheap electricity or millions to invest

I am doing ether mining right now in the US and it is marginally profitable at 10.5¢ per kWh.

However, I am in process of setting up a mining farm in another country (not mentioning in on a public forum) and we have already negotiated ¢5 per kWh. We can also get it as low as ¢3 once we ramp up the number of machines (already negotiated with the head of the power company).

We expect to mine ether for another 6-9 months below it changes to a POS model. Then we will switch the machines over to another coin.

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[C-Jay]

Fist bumps out to all my ethhodlers who made some serious gains this week.

We haven’t seen anything yet.

 

[TKDTyler]

I am doing ether mining right now in the US and it is marginally profitable at 10.5¢ per kWh.

However, I am in process of setting up a mining farm in another country (not mentioning in on a public forum) and we have already negotiated ¢5 per kWh. We can also get it as low as ¢3 once we ramp up the number of machines (already negotiated with the head of the power company).

We expect to mine ether for another 6-9 months below it changes to a POS model. Then we will switch the machines over to another coin.

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How soon is your projected RoI?

 

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[GlobalWealth]

How soon is your projected RoI?

I don't understand your question.

We are already operating in the US.

The new facility will be running in January.


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[TKDTyler]

I don't understand your question.

We are already operating in the US.

The new facility will be running in January.


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I was interested in how long before you are net positive afternoon buying the mining equipment. When I built my eth rig, it was something like 1 year before I broke even

3c is really cheap though