Cryptocurrency Experience

[biggeemac]

No.....if i could predict, I would have bought BTC's when they were 30 bucks each three years ago when i first started looking into them :/

 

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[cristian tello]

Hey,
is mining Bitcoins a good idea now ?
i have a pc with a decent config but from what i have read on the net , my electricity costs will end up more than the amount of money i gain from the bitcoins , but India has a favorable PPP compared to USA so i'm really confused about the whole thing now.
hopefully,somebody with experience in Cryptocurrency could give some advice
(to add some context , my monthly up-keep is around 40 dollars only)

 

[CryptO]

Why would the world need more than 1 digital currency in the first place? (and what would the competitors compete on exactly?)

Does anyone care to make predictions on what we will see in 3 years?

For the same reason you have more than one bank.

For the same reason you have more than one credit card or debit card.

For the same reason people invest in different types of precious metals.

Different digital currencies have differenct properties; some have inflation programmed in, some cost you money if you hold on to them too long and there are others that are tailored to specific industries.

It is difficult to see where we will be at in 3 years time, right now we are in evolution stages. Something will come out of all this.

 

[JayKim]

Hey,
is mining Bitcoins a good idea now ?
i have a pc with a decent config but from what i have read on the net , my electricity costs will end up more than the amount of money i gain from the bitcoins , but India has a favorable PPP compared to USA so i'm really confused about the whole thing now.
hopefully,somebody with experience in Cryptocurrency could give some advice
(to add some context , my monthly up-keep is around 40 dollars only)

No not a good idea now, mining difficulty is skyrocketing ( http://bitcoindifficulty.com/) so you need to keep upgrading hardware. 100gh/s asics are going for thousands, heres a 550 gh/s asic miner going for 26k on ebay.

http://www.ebay.com/itm/KnCMiner-Ju...409?pt=LH_DefaultDomain_0&hash=item3388d10391

there will be 1-2 th/s asics next yr but mining difficulty could be pretty high by that time.

https://www.kncminer.com/categories/miners

http://cointerra.com/product/terraminer-iv-2ths-networked-miner-january-soldout/#!prettyPhoto

https://hashfast.com/shop/sierra-fourth-batch/

http://www.blackarrowsoftware.com/store/prospero-x-3.html

http://www.ebay.com/sch/i.html?_odkw=KnCJupiter&_osacat=0&_from=R40&_trksid=p2045573.m570.l1313.TR0.TRC0.XKnC Jupiter&_nkw=KnC Jupiter&_sacat=0


Should look into mining the other ones.

 

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[JayKim]

Does anyone care to make predictions on what we will see in 3 years?

a bitcoin will be 40k lol.

 

[biggeemac]

That would be cool.....that being said, I bought my first BTC today

 

[mememan]

Has anyone found a way to easily buy a basket of a little bit of each of the altcoins and securely hold them online or easily have them offline in paper wallets? Thanks

 

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[Guest3722A]

Hey guys. I'm just putting a humble observation up here. Nothing more, nothing less. I don't know this market nor care to learn it, so its inter-dynamics are unknown to me, so my statement here is strictly technical. And my statement is: be careful. Obviously it can be hedged somewhere if this sell-off was media driven. I personally would look to find that "insurance". Also, I think the media could be further used for profiteering here. Technically, today showed the first signs of a breakdown. I've seen this several times on parabolic moves. However, I've also seen lots of this during the late 90s/early 2k tech bubble, and the p/es did continue to go higher for a while (yes I am aware there are no earnings involved w/btc). The concern I have though is how thin this thing looks and I'm concerned because running for the door may have been easy in the past, but what if buying drys up do to a media-driven event like a (AHEM) fat finger trade or some other unknown, and you can't get out?

 

[stranger]

Today, bitcoins is dropped on 50% just because Chine has closed 1 of the trading platforms. EU is going to do the same soon. No one of the current governments is gonna lose their finance control under people. Yeah, probably, bitcoins is currency of the future, but when that future comes?!

 

[Guest3722A]

1 day = 50% ...


please think about that. AND be CAREFUL!! lol

 

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[Jake]

1 day = 50% ...


please think about that. AND be CAREFUL!! lol

And we had a 500+% month in November.. It comes with the territory.

Sure it sucks but no flaws were found in the protocol and bitcoin continues to gain new users. Rapid uptake of a technology is still taking place.

 

[JayKim]

Are one of these a wallet from silkroad

http://bitcoinrichlist.com/top100

​

RankUSD Bitcoins
1$ 72,488,312.03 144,341.52135741
2$ 55,801,756.05 111,114.60782954
3$ 45,696,685.05 90,993.00090000
4$ 41,682,644.97 83,000.08953662
5$ 40,154,428.76 79,957.04651704
6$ 34,888,380.86 69,471.08893264
7$ 32,492,340.05 64,700.00010000
8$ 27,058,558.33 53,880.04446102
9$ 26,616,622.35 53,000.04450104
10$ 25,110,021.49 50,000.04280113​

 

[21elnegocio]

Are one of these a wallet from silkroad

http://bitcoinrichlist.com/top100

​

RankUSD Bitcoins
1$ 72,488,312.03 144,341.52135741
2$ 55,801,756.05 111,114.60782954
3$ 45,696,685.05 90,993.00090000
4$ 41,682,644.97 83,000.08953662
5$ 40,154,428.76 79,957.04651704
6$ 34,888,380.86 69,471.08893264
7$ 32,492,340.05 64,700.00010000
8$ 27,058,558.33 53,880.04446102
9$ 26,616,622.35 53,000.04450104
10$ 25,110,021.49 50,000.04280113​

That is crazy haha, I would be good with the number 10 one

 

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[PopEmersen]

Who Owns the World’s Biggest Bitcoin Wallet? The FBI

http://www.wired.com/wiredenterprise/2013/12/fbi_wallet/

 

[CryptO]

As scheduled; Quark is discussed on Max Keiser show.

Cryptocurreny talk starts at 16 minutes in.

http://rt.com/shows/keiser-report/episode-538-max-keiser-443/

Just for the record : Max Keiser was informing people about Bitcoin when it was worth $1.

 

[Gale4rc]

I'm sorry I don't understand how someone can be an expert of something that only 'goes' up. You invested in a couple different 'currencies' and they all went up with bitcoin as criptocurrency as a whole gained traction. Now you're an expert? I don't understand. You have less then 4 months of experience and in ANY type of business/craft/skill/anythinginlife it takes a lot more then that to become a expert...

 

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[CryptO]

I'm sorry I don't understand how someone can be an expert of something that only 'goes' up. You invested in a couple different 'currencies' and they all went up with bitcoin as criptocurrency as a whole gained traction. Now you're an expert? I don't understand. You have less then 4 months of experience and in ANY type of business/craft/skill/anythinginlife it takes a lot more then that to become a expert...

Jealous perhaps?

At which point did I say I was an expert?

 

[Gale4rc]

Not jealous, I just think its dumb to parade around giving people 'advice' when every single coin has gone up.

 

[CryptO]

Not jealous, I just think its dumb to parade around giving people 'advice' when every single coin has gone up.

Ok champ, you win. I should never have made a thread about investments that are rising in value over time. Sorry to disappoint you.

 

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[JayKim]

Not jealous, I just think its dumb to parade around giving people 'advice' when every single coin has gone up.

If everythings going up why don't you buy some. If you have tell us which and why? Help out instead. Tell us who the experts are to listen to then. He knows a lot more then you about it. Sound jealous to me.

 

[JayKim]

Ok champ, you win. I should never have made a thread about investments that are rising in value over time. Sorry to disappoint you

How dare you try to help and share what you know.

 

[Shuffle]

I dont know anything about the fundamentals of BTC.

Technically speaking however, high volume on the down move BUT this is where the price of BTC was rejected on 11/19/13 around the $454 mark. There's a bit of resistance near $650 but if it goes through, should truck on right to $800 and halt a bit.

 

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[CryptO]

Beer and Bitcoin : The perfect marriage!

World famous beer Heineken is now onboard.

https://twitter.com/Heineken/status/412582896038580224

 

[CryptO]

I dont know anything about the fundamentals of BTC.

Technically speaking however, high volume on the down move BUT this is where the price of BTC was rejected on 11/19/13 around the $454 mark. There's a bit of resistance near $650 but if it goes through, should truck on right to $800 and halt a bit.

We hit that $650 point and been finding it difficult to push forwards; 650 is todays breaker.

You clearly have good trading insight.

 

[JayKim]

1. Zubinezu ‏@Zubinezu1h
   BTC38 setup pages are ready for CNC http://www.btc38.com/altcoin/cmc/
   

 

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[exige]

Chinese interest in cryptos does not seem to have slowed one bit. Just a bump in the road or media picking up on a meme? The biggest challenge to me appears to be the stability and trustworthiness of the mom-and-pop backwoods exchanges. Cryptsy has been getting slaughtered.

 

[CryptO]

Just made a disciplined decision to take profit and sold the 1000001 Doge I bought (not so long ago if you read this thread) for 0.72 BTC. I sold the Doge for 1.5 BTC or at todays prices $1100 leaving a tidy profit of approx $500. It was the only coin out of over 100 that did 300% in two days.... guess it was just pure luck I decided to go with doge for a quick gain.

Doge could keep rising for now but it's not really a serious attempt to create a long term currency. Good short term play and it feels good to have made it out with over 500 bucks on top of my initial Doge investment.

Such Currency. Much WOW!

 

[Jake]

This guy gets it

"But Bitcoin is less simply a money transmission network and more a protocol allowing different financial services to be performed. One of these services is micro-payments and this is the element that could revitalize how the world’s media earns its income.

Let’s imagine that my web browser is integrated with a bitcoin wallet (think of bitcoin wallets as just like normal wallets, except instead of holding notes they hold bitcoins). When I go on a newspaper’s website and start reading an article, my browser starts making micro-payments to that newspaper’s bitcoin wallet from my own wallet.

For every minute I remain reading articles, my browser continues making those little payments and as soon as I leave that website to return to Twitter (@tomhashemi if you’re also a tweetaholic) my browser stops making the payments.

I’ve spent peanuts reading what I want to read and I also haven’t had to go through the hassle of signing up for different accounts at all the different newspaper sites I visit. My bitcoin integrated browser automatically makes the payments so I can read content wherever I want to without having to give any personal information out."

http://edelmaneditions.com/2013/12/is-bitcoin-the-financial-saviour-of-a-free-press/

Micro-payments can be used for various things, not just web content consumption. Wifi usage, streaming, proximity based for live events, parking meters..

Here's a bit more https://bitcointalk.org/index.php?topic=244656.0

 

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[mememan]

Let’s imagine that my web browser is integrated with a bitcoin wallet (think of bitcoin wallets as just like normal wallets, except instead of holding notes they hold bitcoins). When I go on a newspaper’s website and start reading an article, my browser starts making micro-payments to that newspaper’s bitcoin wallet from my own wallet.

So the internet and world at large becomes Candy Crush Saga. That sounds like a nightmare

 

[CryptO]

Doge is pumped SO HARD right now, it's up 400% in 24 hrs

http://coinmarketcap.com/