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Are any of you guys into cryptocurrencies? For years I wrote them off as a meme and a scam, but now that I have some money to play with I'm thinking about jumping in after the current bubble deflates. I finally have faith that as long as there are redditors with credit cards, there's money to be made with cryptos. I'm looking at Ethereum right now.
Do any of them seem promising and not just cheap pump and dumps?
Can any of the exchanges be trusted?
How about crypto-related money making schemes? Like Poloniex lets you lend your coins are usurious interest rates which greatly appeals to my inner rabbi.
Lots of exciting stuff going on with cryptos now, but at the same time anything related to cryptos tends to be shady as hell.
How are you going to become a crypto millionaire, wiz?
Do any of them seem promising and not just cheap pump and dumps?
Can any of the exchanges be trusted?
How about crypto-related money making schemes? Like Poloniex lets you lend your coins are usurious interest rates which greatly appeals to my inner rabbi.
Lots of exciting stuff going on with cryptos now, but at the same time anything related to cryptos tends to be shady as hell.
How are you going to become a crypto millionaire, wiz?
They're all pump and dumps. Every single one.
It's not guaranteed money as you have no knowledge of when the pumps and dumps happen.
It's risky. If it's a gamble you're after, crypto is a gamble you can actually win. But it's still a gamble.
It's not guaranteed money as you have no knowledge of when the pumps and dumps happen.
It's risky. If it's a gamble you're after, crypto is a gamble you can actually win. But it's still a gamble.
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Yeah I've tried to give advice in the past like >>35446. I made like six figures on this one litecoin trade as it's gone up about 400% since my post.
I got into BTC back in 2011
I bought many of them when they were 5$ each. I never spent them and I still have them. They are now worth about a quarter million dollars
However, I see no point in getting in or out of it now because all the asset classes are giantic bubbles. Be it real estate or blue chip stocks. Bitcoin is at all time highs and you wont make much profit if you buy at those prices. Gold is crap and so is silver. Wait for a crash if you want to buy. The key to making profits is to buy undervalued things. I am not sure if or when a crash might happen because the central banks just keep pumping money into the system and all this money ends up in the stock market or real estate markets so the boom might go on for a while.
Gold and Silver performed miserably for years and they don't bring you any dividends or interest. Don't be fooled by those who constantly advertise them. I lost 10 grand on silver since 2010 and I will likely never make it back. To break even, the price would need to go above 25$ per ounce (which is double of what it is now). Precious metals will also not help you in end of the world scenarios or zombie apocalypses. For preventing hyperinflation to destroy your savings it would be smarter to buy swiss franks or any rock solid fiat currenty and only a little of gold for hedge.
Generally for investing you need to keep this in mind: You don't buy things when they are at an all time high. You profit the moment you buy it. Because you buy something that you believe to be worth more than it is priced now. If you buy at all time high prices, you are in need of a bigger idiot who will one day become a bagholder for you. This is also what you should consider about bitcoin at its current price.
However, Bitcoin is good for day trading. Basically you wait for it to dip, buy up as much as you can with the cash you have and wait for it to go back up in a few days or weeks. If you did this simple thing for the last 8 months, you could have earned tons of money as bitcoin always went up after dipping. Never go in debt for things like those and do not become too greedy. Always set an upper limit for which you want to sell and start selling at the moment this limit is passed. Also don't blow all your powder in 1 transaction. Buy smaller quantities over many transactions if you want to get an average price that is more even. Same goes for selling. Daytrading bitcoins can be some fun but also keep in mind that it can quickly become a downward spiral like in 2013.
>cryptos
the bitcoin train already left the train station. Litecoin as well. If you had been around a few months ago you could have gotten into ethereum and made nice profits. Dash and monero look like interesting concepts as well. My general tip for you is to lurk the bitcoin forum. They are constantly working on new currencies and new concepts. Find a few you believe in and start investing a few hundred dollars in each when they launch. Some of them might turn out as a total bust, one will probably become the next Ethereum. Technology is always evolving and you need to be up to date if you want to compete in this sector. In a few years we will probably get a new crypto that is technically even better than bitcoin. Keep your eyes open and don't let emotions drive you into insanity.
>Can any of the exchanges be trusted?
as long as they are not in the US or china. Do not hold too much money on those and always transfer everything you don't need right now back to your private bank account or wallet.
>How are you going to become a crypto millionaire, wiz?
just by waiting some more, when the ban on cash comes, BTC might spike above 5 grand. I am still waiting for more BTC acceptance. I want to be able to buy stocks or real estate directly with BTC.
I bought many of them when they were 5$ each. I never spent them and I still have them. They are now worth about a quarter million dollars
However, I see no point in getting in or out of it now because all the asset classes are giantic bubbles. Be it real estate or blue chip stocks. Bitcoin is at all time highs and you wont make much profit if you buy at those prices. Gold is crap and so is silver. Wait for a crash if you want to buy. The key to making profits is to buy undervalued things. I am not sure if or when a crash might happen because the central banks just keep pumping money into the system and all this money ends up in the stock market or real estate markets so the boom might go on for a while.
Gold and Silver performed miserably for years and they don't bring you any dividends or interest. Don't be fooled by those who constantly advertise them. I lost 10 grand on silver since 2010 and I will likely never make it back. To break even, the price would need to go above 25$ per ounce (which is double of what it is now). Precious metals will also not help you in end of the world scenarios or zombie apocalypses. For preventing hyperinflation to destroy your savings it would be smarter to buy swiss franks or any rock solid fiat currenty and only a little of gold for hedge.
Generally for investing you need to keep this in mind: You don't buy things when they are at an all time high. You profit the moment you buy it. Because you buy something that you believe to be worth more than it is priced now. If you buy at all time high prices, you are in need of a bigger idiot who will one day become a bagholder for you. This is also what you should consider about bitcoin at its current price.
However, Bitcoin is good for day trading. Basically you wait for it to dip, buy up as much as you can with the cash you have and wait for it to go back up in a few days or weeks. If you did this simple thing for the last 8 months, you could have earned tons of money as bitcoin always went up after dipping. Never go in debt for things like those and do not become too greedy. Always set an upper limit for which you want to sell and start selling at the moment this limit is passed. Also don't blow all your powder in 1 transaction. Buy smaller quantities over many transactions if you want to get an average price that is more even. Same goes for selling. Daytrading bitcoins can be some fun but also keep in mind that it can quickly become a downward spiral like in 2013.
>cryptos
the bitcoin train already left the train station. Litecoin as well. If you had been around a few months ago you could have gotten into ethereum and made nice profits. Dash and monero look like interesting concepts as well. My general tip for you is to lurk the bitcoin forum. They are constantly working on new currencies and new concepts. Find a few you believe in and start investing a few hundred dollars in each when they launch. Some of them might turn out as a total bust, one will probably become the next Ethereum. Technology is always evolving and you need to be up to date if you want to compete in this sector. In a few years we will probably get a new crypto that is technically even better than bitcoin. Keep your eyes open and don't let emotions drive you into insanity.
>Can any of the exchanges be trusted?
as long as they are not in the US or china. Do not hold too much money on those and always transfer everything you don't need right now back to your private bank account or wallet.
>How are you going to become a crypto millionaire, wiz?
just by waiting some more, when the ban on cash comes, BTC might spike above 5 grand. I am still waiting for more BTC acceptance. I want to be able to buy stocks or real estate directly with BTC.
No one has the knowledge of this. Its a gamble. Its not even close to 25% that you might earn small profit.
Crypto shills always pull the same trick everytime. Nice try though
Crypto shills always pull the same trick everytime. Nice try though
>>36217
>>36218
Very nice, so glad to see wizards doing well for a change.
If I had several hundred thousand in cryptos right now I would be selling some off for the sake of diversification. You never know when it all might vanish (or if you get hacked or something). Not like the exchanges are going to let you liquidate much of your portfolio anyway.
>Daytrading bitcoins can be some fun but also keep in mind that it can quickly become a downward spiral like in 2013.
Was that when Reddit was literally on suicide watch after investing their student loans at the peak? That was funny as hell. I still can't believe anyone would pay $1000 per Bitcoin. But who knows, maybe it will go to $10k and the ones who held will be vindicated.
>If you buy at all time high prices, you are in need of a bigger idiot who will one day become a bagholder for you. This is also what you should consider about bitcoin at its current price.
You don't need to tell me, lol. Everyone was generally quiet over the last few years, but now it's reminding me of 2013. I think I'll wait for the excitement to die down a bit, but crypto is on my radar now since I have some fun money.
>Bitcoin is good for day trading.
Have you been making consistent profits with daytrading? I'm more inclined toward buy-and-hold investing and buying at launch, but if it's that easy to buy the dip I'll have to try that too.
>Do not hold too much money on those and always transfer everything you don't need right now back to your private bank account or wallet.
Yeah after the shenanigans with MtGox I would never keep any substantial amount of coins in any exchange longer than I have to.
>>36213
>>36222
Hey, I'm not shilling for them yet. I will if I make some money though.
Let me say that I've stayed away from crypto for years because I didn't have much money and considered it unthinkably retarded to gamble on cryptocurrencies with my meager life savings. I do not regret that choice.
>>36218
Very nice, so glad to see wizards doing well for a change.
If I had several hundred thousand in cryptos right now I would be selling some off for the sake of diversification. You never know when it all might vanish (or if you get hacked or something). Not like the exchanges are going to let you liquidate much of your portfolio anyway.
>Daytrading bitcoins can be some fun but also keep in mind that it can quickly become a downward spiral like in 2013.
Was that when Reddit was literally on suicide watch after investing their student loans at the peak? That was funny as hell. I still can't believe anyone would pay $1000 per Bitcoin. But who knows, maybe it will go to $10k and the ones who held will be vindicated.
>If you buy at all time high prices, you are in need of a bigger idiot who will one day become a bagholder for you. This is also what you should consider about bitcoin at its current price.
You don't need to tell me, lol. Everyone was generally quiet over the last few years, but now it's reminding me of 2013. I think I'll wait for the excitement to die down a bit, but crypto is on my radar now since I have some fun money.
>Bitcoin is good for day trading.
Have you been making consistent profits with daytrading? I'm more inclined toward buy-and-hold investing and buying at launch, but if it's that easy to buy the dip I'll have to try that too.
>Do not hold too much money on those and always transfer everything you don't need right now back to your private bank account or wallet.
Yeah after the shenanigans with MtGox I would never keep any substantial amount of coins in any exchange longer than I have to.
>>36213
>>36222
Hey, I'm not shilling for them yet. I will if I make some money though.
Let me say that I've stayed away from crypto for years because I didn't have much money and considered it unthinkably retarded to gamble on cryptocurrencies with my meager life savings. I do not regret that choice.
>>36236
>I still can't believe anyone would pay $1000 per Bitcoin. But who knows, maybe it will go to $10k and the ones who held will be vindicated.
It's at ~$1400 right now, a new all time high, in case you didn't know
>I still can't believe anyone would pay $1000 per Bitcoin. But who knows, maybe it will go to $10k and the ones who held will be vindicated.
It's at ~$1400 right now, a new all time high, in case you didn't know
>>36219
Follow the news. Zerohedge has good coverage about the coming ban on cash. Basically politicians want to ban the use of cash coins and banknotes completely. Some countries have already started adapting this. The goal is to always know what you buy with each of your cents, to always know how much you have and to be able to shut you down if you become annoying for the state. Of course they always claim it is against terrorists, dealers and tax evaders but people like those are too smart to be fucked by such measures.
Sweden and netherlands are even today nearly completely cashless societies. There are people who went to amersterdam for vacation and had to walk 15 minutes before they found a cafe that accepts cash. In Sweden they even pay cashless in supermarkets. India started banning bank notes last year but later replaced them with new ones. Venezuela did a similar thing last year. Many former top bankers and former central bank presidents were shilling for the ban on cash in 2016. Shortly after the WEF in Davos, the european central bank decided to scrap the 500€ note. They must have decided it on the world economics forum. So much for beeing about fun and talk only.
They will continue with these salami tactics and one day just say: well, we are already nearly cashless anyway, 85% of our transactions are cashless already. The minority needs to adapt. I see people from college who only pay with their cards. And they pay all their bills with internet banking. I cannot believe how people are willing to give up their freedom just because they are lazy fucks. I wish I could have lived at a time where you paid everything cash and got your salary in cash.
>>36222
I already wanted to liquidate my positions but there is nothing left to buy that is not overly inflated and in proto bubble state. Sitting on cash is retarded as well when the central banks are inflating the money supply each year. All this money is beeing pumped in all kinds of assets. You have now fantasy companies like twatter, faceberg and snapchat worth billions of dollars. Nobody gives a shit about them not producing any value to the world. This cannot end well. Gold is tanking and it might be a signal to buy but I don't believe in it anymore after seeing it dump around in nothingness for the past 6 years.
>crypto shills
I am not that happy about bitcoin because it is not as anonymous as I would like it. However, I hope one day a new crypto will come that fixes bitcoins main issues (not anonymous enough, slow transactions). Also keep in mind that bitcoin was the best performing asset of year 2013, 2015 and 2016. And as I already said, there are tons of altcoins. I remember Ethereum from 2013 when I frequented the Bitcoin forums every day. There was one new coin per week. Most of them never amounted to anything but Ethereum went pretty good and I think Monero was also a thing. I lost interest after a while and I never went back but I bet you could find at least 3 interesting new coins if you went to their page.
>>36236
I am not a daytrader because I do not have the nerves for it. However, I know of one guy from a financial forum who made shitloads of money with it since 2013. His strategy was always the same: wait for it to crash, buy with both hands, wait a little, sell with profit, rinse and repeat. In late 2016 it was like this as well. You basically had bad news from china coming, sending the price down a few hundred dollars in bad times. Then after a few hours or days the price was back up again like nothing happened. Then another bad news came and it started all over again. It was going on like this for years. You can only daytrade something if it has a high volatility and this is why I say that BTC is suited for daytrading. You have incredible highs and lows on the slightest drama that happens. However, keep in mind that it really can make you broke if you fuck up badly.
>Was that when Reddit was literally on suicide watch after investing their student loans at the peak?
lel, serves them right. You don't gamble with someone else's money. I bet they also bought facebook and snapchat stocks and believe them to be innovative companies while in fact they only produce hot air.
Follow the news. Zerohedge has good coverage about the coming ban on cash. Basically politicians want to ban the use of cash coins and banknotes completely. Some countries have already started adapting this. The goal is to always know what you buy with each of your cents, to always know how much you have and to be able to shut you down if you become annoying for the state. Of course they always claim it is against terrorists, dealers and tax evaders but people like those are too smart to be fucked by such measures.
Sweden and netherlands are even today nearly completely cashless societies. There are people who went to amersterdam for vacation and had to walk 15 minutes before they found a cafe that accepts cash. In Sweden they even pay cashless in supermarkets. India started banning bank notes last year but later replaced them with new ones. Venezuela did a similar thing last year. Many former top bankers and former central bank presidents were shilling for the ban on cash in 2016. Shortly after the WEF in Davos, the european central bank decided to scrap the 500€ note. They must have decided it on the world economics forum. So much for beeing about fun and talk only.
They will continue with these salami tactics and one day just say: well, we are already nearly cashless anyway, 85% of our transactions are cashless already. The minority needs to adapt. I see people from college who only pay with their cards. And they pay all their bills with internet banking. I cannot believe how people are willing to give up their freedom just because they are lazy fucks. I wish I could have lived at a time where you paid everything cash and got your salary in cash.
>>36222
I already wanted to liquidate my positions but there is nothing left to buy that is not overly inflated and in proto bubble state. Sitting on cash is retarded as well when the central banks are inflating the money supply each year. All this money is beeing pumped in all kinds of assets. You have now fantasy companies like twatter, faceberg and snapchat worth billions of dollars. Nobody gives a shit about them not producing any value to the world. This cannot end well. Gold is tanking and it might be a signal to buy but I don't believe in it anymore after seeing it dump around in nothingness for the past 6 years.
>crypto shills
I am not that happy about bitcoin because it is not as anonymous as I would like it. However, I hope one day a new crypto will come that fixes bitcoins main issues (not anonymous enough, slow transactions). Also keep in mind that bitcoin was the best performing asset of year 2013, 2015 and 2016. And as I already said, there are tons of altcoins. I remember Ethereum from 2013 when I frequented the Bitcoin forums every day. There was one new coin per week. Most of them never amounted to anything but Ethereum went pretty good and I think Monero was also a thing. I lost interest after a while and I never went back but I bet you could find at least 3 interesting new coins if you went to their page.
>>36236
I am not a daytrader because I do not have the nerves for it. However, I know of one guy from a financial forum who made shitloads of money with it since 2013. His strategy was always the same: wait for it to crash, buy with both hands, wait a little, sell with profit, rinse and repeat. In late 2016 it was like this as well. You basically had bad news from china coming, sending the price down a few hundred dollars in bad times. Then after a few hours or days the price was back up again like nothing happened. Then another bad news came and it started all over again. It was going on like this for years. You can only daytrade something if it has a high volatility and this is why I say that BTC is suited for daytrading. You have incredible highs and lows on the slightest drama that happens. However, keep in mind that it really can make you broke if you fuck up badly.
>Was that when Reddit was literally on suicide watch after investing their student loans at the peak?
lel, serves them right. You don't gamble with someone else's money. I bet they also bought facebook and snapchat stocks and believe them to be innovative companies while in fact they only produce hot air.
>>36243
That is indeed weird, it all reminds me of this chapter of a book:
https://books.google.co.uk/books?id=-9I2Iek5BlwC&pg=PA107&lpg=PA107&dq=%22degeneration+of+coinage%22&source=bl&ots=zrNbz7euvo&sig=QLIy0Ggmj9t5NV0T4jFRJTJp7EY&hl=fr&sa=X&ved=0ahUKEwjC-rqRntHTAhXJVhoKHbgKDUwQ6AEIHzAB#v=onepage&q=%22degeneration%20of%20coinage%22&f=false
By the way, who exactly is behind cryptocurrencies? They can't have come out of nowhere and I have a hard time believing that the men who own and rule the world are being so lax regarding them and what's going on around them. Yet it looks so secretive and unprofessional… I'm ignorant of these things so perhaps I'm completely wrong and there is some sort of "control" by government agencies, banks etc?
That is indeed weird, it all reminds me of this chapter of a book:
https://books.google.co.uk/books?id=-9I2Iek5BlwC&pg=PA107&lpg=PA107&dq=%22degeneration+of+coinage%22&source=bl&ots=zrNbz7euvo&sig=QLIy0Ggmj9t5NV0T4jFRJTJp7EY&hl=fr&sa=X&ved=0ahUKEwjC-rqRntHTAhXJVhoKHbgKDUwQ6AEIHzAB#v=onepage&q=%22degeneration%20of%20coinage%22&f=false
By the way, who exactly is behind cryptocurrencies? They can't have come out of nowhere and I have a hard time believing that the men who own and rule the world are being so lax regarding them and what's going on around them. Yet it looks so secretive and unprofessional… I'm ignorant of these things so perhaps I'm completely wrong and there is some sort of "control" by government agencies, banks etc?
>>36240
I'm quite aware of that, I was referring to 2013 when it went from $600 to $1000 (and back again) in the course of a month. It didn't recover until this year.
I'm quite aware of that, I was referring to 2013 when it went from $600 to $1000 (and back again) in the course of a month. It didn't recover until this year.
>>36245
They guy behind bitcoin called himself Satoshi Nakamoto. He released a white paper on it in 2008 or 2009 on some cryptography newsgroup and then started the bitcoin network after inviting everyone else to join. He always used a TOR email address and the TOR browser when communicating with others. Nobody managed to find out his IP, real email adress or real name. Somewhen around 2010 he went completely silent and handed over his duties to a few other devs who helped him. His last posting on the bitcointalk forum is from 2010 or 2011.
The bitcoin network is now managed with help of a group of core developers who have taken over development from Nakamoto. They fix bugs and improve stability every few months.
So basically the guy who made BTC is anonymous and he was mostly mining bitcoins alone for a few years when it was new. Some estimates claim that he owns close to 20% of all coins in circulation. He is likely now worth some billions. I would not be surprised if he frequented imageboards of if he was deep into anime culture.
They guy behind bitcoin called himself Satoshi Nakamoto. He released a white paper on it in 2008 or 2009 on some cryptography newsgroup and then started the bitcoin network after inviting everyone else to join. He always used a TOR email address and the TOR browser when communicating with others. Nobody managed to find out his IP, real email adress or real name. Somewhen around 2010 he went completely silent and handed over his duties to a few other devs who helped him. His last posting on the bitcointalk forum is from 2010 or 2011.
The bitcoin network is now managed with help of a group of core developers who have taken over development from Nakamoto. They fix bugs and improve stability every few months.
So basically the guy who made BTC is anonymous and he was mostly mining bitcoins alone for a few years when it was new. Some estimates claim that he owns close to 20% of all coins in circulation. He is likely now worth some billions. I would not be surprised if he frequented imageboards of if he was deep into anime culture.
>>36216
I regret selling off my ethereum early on. I really cannot hold this shit for any sort of significant amount of time. I was geniunely interested in ethereum and wanted to contribute to its development, but like always depression go the best of me and I never got around to doing what I wanted to do.
I regret selling off my ethereum early on. I really cannot hold this shit for any sort of significant amount of time. I was geniunely interested in ethereum and wanted to contribute to its development, but like always depression go the best of me and I never got around to doing what I wanted to do.
Was there something different than bitcoin? I remember mining during my neet days after highschool, but this had to be before 2007.
At any rate, if I am misremembering the time frame, I did have quite a bit of bitcoin. I remember getting pissed off at how I had to mine something like 20 bitcoins for $1. and gave up when I had something like $2 in bitcoins (which took me freakin forever to mine), so I had to have at least 40.
Of course that wallet is long gone now. I still have that computer, but I must've saved my bitcoins online because I couldn't find any wallet file on that computer. Maybe I deleted it. Oh well.
At any rate, if I am misremembering the time frame, I did have quite a bit of bitcoin. I remember getting pissed off at how I had to mine something like 20 bitcoins for $1. and gave up when I had something like $2 in bitcoins (which took me freakin forever to mine), so I had to have at least 40.
Of course that wallet is long gone now. I still have that computer, but I must've saved my bitcoins online because I couldn't find any wallet file on that computer. Maybe I deleted it. Oh well.
>>36293
>Was there something different than bitcoin?
My friend, welcome to 2017.
https://coinmarketcap.com/
>Was there something different than bitcoin?
My friend, welcome to 2017.
https://coinmarketcap.com/
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How do I go about making a wallet?
Any exchange better than Kraken if I'm in Europe?
Any exchange better than Kraken if I'm in Europe?
Looks like the value of bitcoin is going way up with all the Japs buying them. It may not be a loss cause yet, especially if other countries get into it.
https://coinmarketcap.com/currencies/views/all/
All cryptocoins are rising and rising in value for some reason. 6 months ago Ethereum was worth $10 each, now they are worth $100 each. So many people got rich of these coins, it's unbelievable. I just don't have enough money to buy enough coins to make any decent profit right now.
All cryptocoins are rising and rising in value for some reason. 6 months ago Ethereum was worth $10 each, now they are worth $100 each. So many people got rich of these coins, it's unbelievable. I just don't have enough money to buy enough coins to make any decent profit right now.
>>36374
I doubt many people actually became rich off of them. Who in their right mind invests more than a hundred dollars in those niche coins. At most they profited a couple thousand. While that's a lot, none of these people are becoming multi millionaires.
I doubt many people actually became rich off of them. Who in their right mind invests more than a hundred dollars in those niche coins. At most they profited a couple thousand. While that's a lot, none of these people are becoming multi millionaires.
>>36291
Yeah I've heard of "Satoshi Nakomoto", but isn't it weird that they managed to remain anonymous all these years? I don't know, it just sounds fishy how the cryptocurrency craze came to be. I realise people have probably speculated and written at length about this topic already, I can't be arsed to look it up…
Yeah I've heard of "Satoshi Nakomoto", but isn't it weird that they managed to remain anonymous all these years? I don't know, it just sounds fishy how the cryptocurrency craze came to be. I realise people have probably speculated and written at length about this topic already, I can't be arsed to look it up…
>>36210
Funny story.
About a year ago when Ethereum was just about 4$ I came specifically to /wiz/ to recommend other wizards buying Ethereum and holding long term.
I had done my research and concluded that it has huge potential. Bought 1300 worth of ETH.
I remember spending about 4000$ or so.
Right now that ETH is worth: 110'000$ or so.
Back then my thread got deleted for "advertising" or "shilling" or some retarded shit.
You could have been rich, but thank your mods I guess!
Funny story.
About a year ago when Ethereum was just about 4$ I came specifically to /wiz/ to recommend other wizards buying Ethereum and holding long term.
I had done my research and concluded that it has huge potential. Bought 1300 worth of ETH.
I remember spending about 4000$ or so.
Right now that ETH is worth: 110'000$ or so.
Back then my thread got deleted for "advertising" or "shilling" or some retarded shit.
You could have been rich, but thank your mods I guess!
>>36381
I wasn't there but It could have gone either way and you know it.
just for argument's sake, would you recommend investing in anything in particular right now?
I wasn't there but It could have gone either way and you know it.
just for argument's sake, would you recommend investing in anything in particular right now?
>>36381
I should have listened, wiz. I actually had money then.
Everything is in a retarded speculative bubble right now, so I'm hesitant about making any serious investments. I bought some ICN with play money because nobody is talking about it and it has an interesting concept.
I should have listened, wiz. I actually had money then.
Everything is in a retarded speculative bubble right now, so I'm hesitant about making any serious investments. I bought some ICN with play money because nobody is talking about it and it has an interesting concept.
>>36381
I don't understand how it is possible to know that some useless electronic shit is going to increase in value 10x
I don't understand how it is possible to know that some useless electronic shit is going to increase in value 10x
>>36382
>I wasn't there but It could have gone either way and you know it.
No, it could have not gone either way, because I had actually done my research.
>>36397
>I don't understand how it is possible to know that some useless electronic shit is going to increase in value 10x
Because it is not useless.
>I bought some ICN with play money because nobody is talking about it and it has an interesting concept.
ICN is bullshit scam. Sell it now.
>I wasn't there but It could have gone either way and you know it.
No, it could have not gone either way, because I had actually done my research.
>>36397
>I don't understand how it is possible to know that some useless electronic shit is going to increase in value 10x
Because it is not useless.
>I bought some ICN with play money because nobody is talking about it and it has an interesting concept.
ICN is bullshit scam. Sell it now.
>>36373
>japs
It does not have to be them. Remember that China started restricting bitcoin trade with regulations and that all their trading volume went to Tokyo overnight after passing the regulation bill. It is probably just Huang operating his trades on a Tokyo-based bourse instead of a Peking one.
>>36397
Everything is exploding in value because central banks are flooding the markets with cheap money and investors are buying anything instead of parking the money at negative interest rates in their bank accounts. The money has to go somewhere. First it went to the blue chip stock markets and real estate (this was going on for some years now), then it went to fantasy companies like Tesla, Facebook and Twitter and now the money started pouring into crypto as well. We do not see inflation yet because all the excess money is bound to asset classes. When people start liquidating their holdings, inflation will kick in in an ugly way. However, you have to dance as long as the music is playing. It makes no sense to quit now because the bubble will continue to grow for some time.
>>36381
I am happy you made it brother my BTC holdings should be worth some 300 grand now
>japs
It does not have to be them. Remember that China started restricting bitcoin trade with regulations and that all their trading volume went to Tokyo overnight after passing the regulation bill. It is probably just Huang operating his trades on a Tokyo-based bourse instead of a Peking one.
>>36397
Everything is exploding in value because central banks are flooding the markets with cheap money and investors are buying anything instead of parking the money at negative interest rates in their bank accounts. The money has to go somewhere. First it went to the blue chip stock markets and real estate (this was going on for some years now), then it went to fantasy companies like Tesla, Facebook and Twitter and now the money started pouring into crypto as well. We do not see inflation yet because all the excess money is bound to asset classes. When people start liquidating their holdings, inflation will kick in in an ugly way. However, you have to dance as long as the music is playing. It makes no sense to quit now because the bubble will continue to grow for some time.
>>36381
I am happy you made it brother my BTC holdings should be worth some 300 grand now
>>36405
It is useless, you can't get paid in it, you can't pay anybody with it, you can't buy anything tangible with it.
It is useless, you can't get paid in it, you can't pay anybody with it, you can't buy anything tangible with it.
>>36382
>I wasn't there but It could have gone either way and you know it.
No, it could have not gone either way, because I had actually done my research.
>>36397
>I don't understand how it is possible to know that some useless electronic shit is going to increase in value 10x
Because it is not useless.
>I bought some ICN with play money because nobody is talking about it and it has an interesting concept.
ICN is bullshit scam. Sell it now.
>I wasn't there but It could have gone either way and you know it.
No, it could have not gone either way, because I had actually done my research.
>>36397
>I don't understand how it is possible to know that some useless electronic shit is going to increase in value 10x
Because it is not useless.
>I bought some ICN with play money because nobody is talking about it and it has an interesting concept.
ICN is bullshit scam. Sell it now.
>>36407
You can directly trade Bitcoin/Ethereum for dollars or euros on many different websites, my man.
You can directly trade Bitcoin/Ethereum for dollars or euros on many different websites, my man.
>>36408
>ICN is bullshit scam. Sell it now.
I don't really care if it goes to 0, I just wanted to make sure I could move assets through various exchanges and into my own wallet in a timely manner. I don't trust these places one bit. Maybe I'll get lucky and it will get pumped. I mean dogecoin, the fucking definition of a memecoin, is being pumped right now so I don't see why not.
I am curious about what makes you so convinced it's a scam though since you know what you're talking about. I'm new to researching cryptos and I just see shills everywhere.
>ICN is bullshit scam. Sell it now.
I don't really care if it goes to 0, I just wanted to make sure I could move assets through various exchanges and into my own wallet in a timely manner. I don't trust these places one bit. Maybe I'll get lucky and it will get pumped. I mean dogecoin, the fucking definition of a memecoin, is being pumped right now so I don't see why not.
I am curious about what makes you so convinced it's a scam though since you know what you're talking about. I'm new to researching cryptos and I just see shills everywhere.
OK gentlemen, this is really scary. We are clearly wandering into bubble territories. BTC just went up roughly 200$ in 2 days. It is either normalfags and institutional investors catching up or ledditors packing their student loans into it. I think this will not end well.
1700$ is a very impressive price tag but I just hate how it goes up so fast. The growth rate should be slower and less extreme.
1700$ is a very impressive price tag but I just hate how it goes up so fast. The growth rate should be slower and less extreme.
>>36441
It's always in a bubble, wizard. Take advantage of it or steer clear to wait for the next one, buying dips from the burst. Either way they will happen and it's completely normal.
It's always in a bubble, wizard. Take advantage of it or steer clear to wait for the next one, buying dips from the burst. Either way they will happen and it's completely normal.
File: 1494377942308.png (141.84 KB, 1138x920, 569:460, CryptoCurrency_Market_Capi….png) ImgOps iqdb
is this the beginning?
File: 1494378183179.png (9.22 KB, 1090x58, 545:29, CryptoCurrency_Market_Capi….png) ImgOps iqdb
BUY NOW guys, it's going to the moon!!!
>>36472
That sure looks like a safe bet I'm gonna go all in!
But really, is that some new coin being manipulated by the founders or what?
That sure looks like a safe bet I'm gonna go all in!
But really, is that some new coin being manipulated by the founders or what?
>>36475
It seems like the best way to make money from cryptoscams is to make a new coin and sit on it until the next bitcoin bubble, and then meme the shit out of it.
It's important to get people to want to have some without thinking of its value- they should want the coin as a novelty rather than for its trade value.
And as this happens, the value actually starts to increase so then you meme it as a new coin that's exploding in value.
Meme for a while and then dump a whole bunch of coins when bitcoin crashes.
Then do this again.
It seems like the best way to make money from cryptoscams is to make a new coin and sit on it until the next bitcoin bubble, and then meme the shit out of it.
It's important to get people to want to have some without thinking of its value- they should want the coin as a novelty rather than for its trade value.
And as this happens, the value actually starts to increase so then you meme it as a new coin that's exploding in value.
Meme for a while and then dump a whole bunch of coins when bitcoin crashes.
Then do this again.
so has the bubble burst?
It all comes tumbling down from what I can tell but whatever, volatility is high in btc. Might be an average day
It all comes tumbling down from what I can tell but whatever, volatility is high in btc. Might be an average day
They're good for buying drugs/whatever securely, but that's about it. They aren't a good investment unless you were one of the lucky ones who got into it at the very start.
>>36610
I would have agreed with you years ago, but even if you bought bitcoins at the $1000 peak in 2013 like a dumbass and held to today your gains would be like 16% per year. I think cryptos are here to stay, so it's only a question of what their true value is. Even now they have a lot of room to grow.
Even if bitcoin does crash to $200 again, I am convinced another pump, potentially years in the future, will bring it over $2k.
I would have agreed with you years ago, but even if you bought bitcoins at the $1000 peak in 2013 like a dumbass and held to today your gains would be like 16% per year. I think cryptos are here to stay, so it's only a question of what their true value is. Even now they have a lot of room to grow.
Even if bitcoin does crash to $200 again, I am convinced another pump, potentially years in the future, will bring it over $2k.
http://yournewswire.com/internet-shut-down-24-hours-2017/
prediction from late last year, what do you think would happen relative to cyptos if there was truth in what is stated in the link?
prediction from late last year, what do you think would happen relative to cyptos if there was truth in what is stated in the link?
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It's happening. $2000 bitcoin!
>>36696
One day later and Ethereum is about to hit $150. Ethereum will be $300+ in a month. Any wizzies gettin rich of this crypto spike? I'm too poor to invest anything more than $100 right now. If I could I'd put $1000+ in Bitcoin or Ethereum. If you had invested just $200 in Ethereum 1 year ago, you'd now have $3000. It's unreal.
One day later and Ethereum is about to hit $150. Ethereum will be $300+ in a month. Any wizzies gettin rich of this crypto spike? I'm too poor to invest anything more than $100 right now. If I could I'd put $1000+ in Bitcoin or Ethereum. If you had invested just $200 in Ethereum 1 year ago, you'd now have $3000. It's unreal.
>>36742
Yeah I heard about Ethereum when it was posted on here last year. I was too poor to invest it then and I'm still too poor now. There has to be at least one or two wizzies who got in very early on a cryptocoin and are now living in a mansion, never having to work again. Some people got so lucky.
Yeah I heard about Ethereum when it was posted on here last year. I was too poor to invest it then and I'm still too poor now. There has to be at least one or two wizzies who got in very early on a cryptocoin and are now living in a mansion, never having to work again. Some people got so lucky.
>>36743
People have been calling Bitcoin a bubble for years, claiming it's gonna crash any day now. Turns out it just keeps going up and up. It's the highest it's ever been. The technology is stable and here to stay.
People have been calling Bitcoin a bubble for years, claiming it's gonna crash any day now. Turns out it just keeps going up and up. It's the highest it's ever been. The technology is stable and here to stay.
>>36746
Well, you may be right. But the reason why the market is booming right now is because of japanese regulation in april that made bitcoin the cool thing to do. It's very popular, some banks there signed a deal with ripple for some crypto services. Now you've got Ethereum on CNBC, doing trade shows, big announcements at the Consensus tommorrow.
The real question is how it develops from here. The money is there, but the usage is going to take some time to really take off, so the question is more is this the right time to invest, or is it after people pull out and the bubble ends?
There's also the chance that this isn't a bubble and the value is there, in which case no one will be able to say anything when the money does take off.
Well, you may be right. But the reason why the market is booming right now is because of japanese regulation in april that made bitcoin the cool thing to do. It's very popular, some banks there signed a deal with ripple for some crypto services. Now you've got Ethereum on CNBC, doing trade shows, big announcements at the Consensus tommorrow.
The real question is how it develops from here. The money is there, but the usage is going to take some time to really take off, so the question is more is this the right time to invest, or is it after people pull out and the bubble ends?
There's also the chance that this isn't a bubble and the value is there, in which case no one will be able to say anything when the money does take off.
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Bitcoin is killing me. I remember in 2010 I was sitting on a toilet reading /g/ on my phone, Bitcoins were the fresh new meme and with the money I had at the time I could have gotten a shitload of Bitcoins. But I didn't, because I was dumb and had no idea.
I remember doing the Math in 2013 when they reached around 600 bucks, I remember staring on a spreadsheet I made realising I missed the chance to make 16 Million dollars.
Why is my Life a never ending failure?
I could have been a rich NEET, the sad reality is I have to wash floors til i'm 70 or take the exit bag.
Sorry for offtopic, but Bitcoins just make me very sad.
I remember doing the Math in 2013 when they reached around 600 bucks, I remember staring on a spreadsheet I made realising I missed the chance to make 16 Million dollars.
Why is my Life a never ending failure?
I could have been a rich NEET, the sad reality is I have to wash floors til i'm 70 or take the exit bag.
Sorry for offtopic, but Bitcoins just make me very sad.
>>36752
You weren't any dumber than the rest of us. I was using Tor in 2009 when you could get 5 bitcoins for free from the bitcoin faucet several times a day. I didn't actually bother with it until the faucet was at 0.5 and then 0.05 bitcoins. I lost that wallet, but it only had 0.55 bitcoins so I'm not really torn up about it.
We're not going to see those kinds of returns with crypto ever again, but I still think there's money to be made. The nice thing about crypto is that the barrier to entry is so low that even third-worlders can get in on it.
You weren't any dumber than the rest of us. I was using Tor in 2009 when you could get 5 bitcoins for free from the bitcoin faucet several times a day. I didn't actually bother with it until the faucet was at 0.5 and then 0.05 bitcoins. I lost that wallet, but it only had 0.55 bitcoins so I'm not really torn up about it.
We're not going to see those kinds of returns with crypto ever again, but I still think there's money to be made. The nice thing about crypto is that the barrier to entry is so low that even third-worlders can get in on it.
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>>36752
I had 3 bitcoins in my wallet. I spent around $100 on them. I stored the wallet info on a USB stick.
Then one day I lost it. I still hate myself for it.
I had 3 bitcoins in my wallet. I spent around $100 on them. I stored the wallet info on a USB stick.
Then one day I lost it. I still hate myself for it.
I remember when they were a dollar a pop.
Man, if only I had known. If only.
I think almost all of us are in the same boat of regret here.
However, it did blow the fuck up recently. I had a few bucks back in January, then last week I looked at that .02 was like $90. So I bought drugs, of course, but who knows what I could have done had I bought, like, an extra $15 bucks back in the day.
If only, if only.
Man, if only I had known. If only.
I think almost all of us are in the same boat of regret here.
However, it did blow the fuck up recently. I had a few bucks back in January, then last week I looked at that .02 was like $90. So I bought drugs, of course, but who knows what I could have done had I bought, like, an extra $15 bucks back in the day.
If only, if only.
>If only I could have seen into the future
This kind of regret is always the same.
Bitcoin could go to $10,000 and you'd be making the same mistake, regretting not being able to see into the future.
This kind of regret is always the same.
Bitcoin could go to $10,000 and you'd be making the same mistake, regretting not being able to see into the future.
>>36752
I have lost money on almost every investment I ever made, so I am really scared to put money into anything, especially anything where the price has run up 2000x in a short time.
Years ago there was no way to buy them in my country anyway, and not like I was going to pay for an overseas wire transfer for things I couldn't even use.
I have lost money on almost every investment I ever made, so I am really scared to put money into anything, especially anything where the price has run up 2000x in a short time.
Years ago there was no way to buy them in my country anyway, and not like I was going to pay for an overseas wire transfer for things I couldn't even use.
Looking dangerous at the moment, I'm taking some profit and would advise against buying into Bitcoin at the moment. There is going to be news in a few hours which could be good or bad. Some sources spread hype that it will be good news so people are buying the rumor, but some developers are suggesting it will not fulfill expectations. Hard to know but I think it's too risky to bet on. In a few hours might be a different story, but many altcoins are going batshit insane and there is huge amount of activity and hype – could be bubble pop soon.
Conversely, with unexpectedly good news like a confirmed adoption of segwit by Bitmain miners, I would buy in hard. High volatility right now so be careful
Conversely, with unexpectedly good news like a confirmed adoption of segwit by Bitmain miners, I would buy in hard. High volatility right now so be careful
>>36753
>You weren't any dumber than the rest of us.
maybe or maybe not, who really knows, but this + me being lazy as shit settled my course for the future.
I was interested in it and the whole Bitcoin Idea made sense but I just didn't go through and actually buy them.
>>36754
that sucks
>>36764
me too, some years ago I gambled a bit and lost some money.
I don't think I will ever win with anything. but I'm willing to invest a bit since I sit on a small pile of money that does nothing.
>>36767
what about Ethereum?
You think its worth to get into that?
I could like buy some for around 3000 bucks.
>>36761
this sucks.
>You weren't any dumber than the rest of us.
maybe or maybe not, who really knows, but this + me being lazy as shit settled my course for the future.
I was interested in it and the whole Bitcoin Idea made sense but I just didn't go through and actually buy them.
>>36754
that sucks
>>36764
me too, some years ago I gambled a bit and lost some money.
I don't think I will ever win with anything. but I'm willing to invest a bit since I sit on a small pile of money that does nothing.
>>36767
what about Ethereum?
You think its worth to get into that?
I could like buy some for around 3000 bucks.
>>36761
this sucks.
File: 1495491677117.png (59.86 KB, 960x720, 4:3, earningcharts.png) ImgOps iqdb
the most profitable crypto in my portfolio so far has been pepecash, which is kinda crazy because it has not been added neither on poloniex nor bittrex yet (actually not even on cryptopia), so its real moonshot has yet to begin.
check this out wizards and let the meme conquers the cryptosphere
https: //medium.com/@coin_and_peace/rarepepe-is-the-most-innovative-project-in-the-crypto-space-seriously-6d6b74749687
check this out wizards and let the meme conquers the cryptosphere
https: //medium.com/@coin_and_peace/rarepepe-is-the-most-innovative-project-in-the-crypto-space-seriously-6d6b74749687
Just started lending Bitcoin on Poloniex and holy crap this is amazing, the APYs right now are like 40% after fees. Literally free money until they pull a MtGox. Bought another $100 worth of BTC just because I'm fascinated with seeing my little bitshekels grow.
>>36783
Wow I didn't even think of that. I always thought of myself as a poorfag, but I am at a point in my life where I can literally lend people about $1k in BTC and not give a shit. I think I am gonna get in on this.
Wow I didn't even think of that. I always thought of myself as a poorfag, but I am at a point in my life where I can literally lend people about $1k in BTC and not give a shit. I think I am gonna get in on this.
>>36789
Use a lending bot, because it's not worth doing them by hand. I'm using this one: https://github.com/BitBotFactory/poloniexlendingbot
Disclaimer: I haven't audited the code for it or anything so use at your own peril.
Use a lending bot, because it's not worth doing them by hand. I'm using this one: https://github.com/BitBotFactory/poloniexlendingbot
Disclaimer: I haven't audited the code for it or anything so use at your own peril.
>>36210
Being depressed is great for crypto trading. You buy some, forget about them while you suffer. Then on a brighter day you remember them and find out you just got a little richer.
Being depressed is great for crypto trading. You buy some, forget about them while you suffer. Then on a brighter day you remember them and find out you just got a little richer.
>want to send a 6$ transaction
>wallet recommends 1$ fee
>put 0.1$
>48 hours later still unconfirmed
can't wait for the bubble to finally pop on this garbage
>wallet recommends 1$ fee
>put 0.1$
>48 hours later still unconfirmed
can't wait for the bubble to finally pop on this garbage
>>36802
I'm planning on dumping $1000 into BTC and ETH as soon as coinbase verifies my bank account, so it should crash shortly thereafter.
I'm planning on dumping $1000 into BTC and ETH as soon as coinbase verifies my bank account, so it should crash shortly thereafter.
>>36798
Or, you know, you bought during a bubble and you find out you lost most of your money.
Or, you know, you bought during a bubble and you find out you lost most of your money.
>>36802
That's why you buy one of the altcoins that have been going 10x in value because they actually work. Litecoin transaction costs less than a cent and is done in a few minutes
That's why you buy one of the altcoins that have been going 10x in value because they actually work. Litecoin transaction costs less than a cent and is done in a few minutes
Are there actual stories out there of people becoming rich from bitcoins? I'm talking about people who were actually able to turn those bitcoin into hard cash. With the huge nuber of people who got bitcoins when they cost absolutely nothing you would think there should be a lot of new millionaires out there bragging about their success. Maybe it's because I don't browse bitcoin forums that I have never seen one.
>>36838
lets say you got the bitcoins and now they're worth millions.
how the fuck do you get them into real cash?
If my NEET ass suddenly had 100 Million on his bank account, wouldn't those tax niggers come instantly kicking my door in asking for their (un)fair share of taxes?
lets say you got the bitcoins and now they're worth millions.
how the fuck do you get them into real cash?
If my NEET ass suddenly had 100 Million on his bank account, wouldn't those tax niggers come instantly kicking my door in asking for their (un)fair share of taxes?
>>36843
I wouldn't care if they took 80% of my savings if I had 100 millions, it's a shitload of money anyway.
How greedy can you possibly be? this is ridiculous.
I wouldn't care if they took 80% of my savings if I had 100 millions, it's a shitload of money anyway.
How greedy can you possibly be? this is ridiculous.
>>36843
> wouldn't those tax niggers come instantly kicking my door in
You would need to declare your gains to the taxman yourself. It would be different for each country, but you might be able to take advantage of tax relief. I've read into the taxing of bitcoins and from what I can see it would be declared the same way as trading in a regular currency. Expect the tax to be bad. I know here it is around 40%. But you might get relief on a small amount, like 1000 dollars. So if you sold 900 dollars worth of bitcoin per year you wouldn't be taxed for it. Of course that is risky since the market could crash long before you could cash it all out.
> wouldn't those tax niggers come instantly kicking my door in
You would need to declare your gains to the taxman yourself. It would be different for each country, but you might be able to take advantage of tax relief. I've read into the taxing of bitcoins and from what I can see it would be declared the same way as trading in a regular currency. Expect the tax to be bad. I know here it is around 40%. But you might get relief on a small amount, like 1000 dollars. So if you sold 900 dollars worth of bitcoin per year you wouldn't be taxed for it. Of course that is risky since the market could crash long before you could cash it all out.
>>36843
Tax niggas just want their share. Bitcoin winnings would be classified as totally legal 'capital gains', and as such, if you get it taxed appropriately, you can keep what remains with no legal trouble.
You'll need an accountant or lawyer though. They'll be familiar with what tax you need to pay over what tax you don't 'need' to pay.
Only the rich can afford to dodge tax, and with many monies, you can now afford that.
Tax niggas just want their share. Bitcoin winnings would be classified as totally legal 'capital gains', and as such, if you get it taxed appropriately, you can keep what remains with no legal trouble.
You'll need an accountant or lawyer though. They'll be familiar with what tax you need to pay over what tax you don't 'need' to pay.
Only the rich can afford to dodge tax, and with many monies, you can now afford that.
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So who got rich with bitcoin?
People that mined them from day one?
People that DID something to get bitcoin from others? Like furry artists drawing comissions. Was it ever possible for a Wizard fuck-up like myself to get a hefty paycheck doing absolutely nothing if I mined with 3 PCs I had home at the time? Was it a missed opportunity, or was it always restricted to people that either knew their shit like fuckers getting thousands on patreon drawing porn or are living life on easy mode like twitch whores?
People that mined them from day one?
People that DID something to get bitcoin from others? Like furry artists drawing comissions. Was it ever possible for a Wizard fuck-up like myself to get a hefty paycheck doing absolutely nothing if I mined with 3 PCs I had home at the time? Was it a missed opportunity, or was it always restricted to people that either knew their shit like fuckers getting thousands on patreon drawing porn or are living life on easy mode like twitch whores?
holy fuck it's going to $3000
>>36864
I think it's boomers liquidating their retirement accounts. This is shaping up to be even more entertaining than 2013.
>>36864
I think it's boomers liquidating their retirement accounts. This is shaping up to be even more entertaining than 2013.
>>36864
Bitcoin itself has a pretty solid value because it's pegged against the drug trade, unregulated gambling, and anonymous hosting/domain services. There is a demand because it's the primary and trusted way to purchase those services.
So in that way there's multiple forces at work on top of a very solid technical application of the currency. The fact that there is a transaction link that goes (Buy $20 of bitcoin) -> ( Purchase $20 of drugs) -> (Drug dealer cashes out $20 of bitcoin) means the actual price of 1 bitcoin is irrelevant to some users, users who passively influence the market. Just one of the things which makes the actual price of 1 bitcoin so turbulent.
Bitcoin itself has a pretty solid value because it's pegged against the drug trade, unregulated gambling, and anonymous hosting/domain services. There is a demand because it's the primary and trusted way to purchase those services.
So in that way there's multiple forces at work on top of a very solid technical application of the currency. The fact that there is a transaction link that goes (Buy $20 of bitcoin) -> ( Purchase $20 of drugs) -> (Drug dealer cashes out $20 of bitcoin) means the actual price of 1 bitcoin is irrelevant to some users, users who passively influence the market. Just one of the things which makes the actual price of 1 bitcoin so turbulent.
>>36870
It is disturbing that nobody is answering these;
>>36838
>>36863
There should be thousands of new self-made millionaires out there but they don't seem to exist. How do you turn them into real money? Are transaction charges and taxes destroying profit? Or did nobody really ever really buy that many bitcoins to begin with or keep them long enough?
It is disturbing that nobody is answering these;
>>36838
>>36863
There should be thousands of new self-made millionaires out there but they don't seem to exist. How do you turn them into real money? Are transaction charges and taxes destroying profit? Or did nobody really ever really buy that many bitcoins to begin with or keep them long enough?
>>36876
Just google "bitcoin millionaires".
Most of them aren't cashing out because they want bitcoin to succeed as an actual currency. Some of them are starting bitcoin related businesses with their bitcoin capital.
>How do you turn them into real money?
Sell and trade it to people. Although, big amounts are trickier to sell because obviously you need to find more people who want bitcoin and selling large amounts means you have to drop bellow market value.
>Are transaction charges and taxes destroying profit?
Not really. The problem is actually finding lots of people to sell it to.
You can have the same problem with anything valuable, even gold (if you have an insane amount).
Just google "bitcoin millionaires".
Most of them aren't cashing out because they want bitcoin to succeed as an actual currency. Some of them are starting bitcoin related businesses with their bitcoin capital.
>How do you turn them into real money?
Sell and trade it to people. Although, big amounts are trickier to sell because obviously you need to find more people who want bitcoin and selling large amounts means you have to drop bellow market value.
>Are transaction charges and taxes destroying profit?
Not really. The problem is actually finding lots of people to sell it to.
You can have the same problem with anything valuable, even gold (if you have an insane amount).
FUCKING COINBASE!! i've been waiting for their verification deposits to show up all week and now i'm missing the dip
Tell me wizzers, do I really need to scan my ID for these jews just to buy cryptos from the comfort of my own home?
Tell me wizzers, do I really need to scan my ID for these jews just to buy cryptos from the comfort of my own home?
>>36893
To answer my own question, the answer is "yes" because I just verified the fucking deposits and they canceled my buy order to hit me up for my ID. Fuckers.
To answer my own question, the answer is "yes" because I just verified the fucking deposits and they canceled my buy order to hit me up for my ID. Fuckers.
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>>36912
So much for anonymous super cryptocurrency eh?
So much for anonymous super cryptocurrency eh?
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Dip is happening wizzies.
For you nocoiners not knowing how to get in without giving up everything from your address to your wand length: use "localbitcoins.net" And look for people trading with paypal, PaySafeCard and similar.
For you nocoiners not knowing how to get in without giving up everything from your address to your wand length: use "localbitcoins.net" And look for people trading with paypal, PaySafeCard and similar.
>>36922
>paypal
I'm pretty sure all of the sellers have ridiculous ripoff prices and require you to show selfie with ID and timestamp.
protip:
You can buy CS:GO keys on various sites with paypal and then trade with Steam bots to get BTC. It's cheaper and way more anonymous.
If you can't find CS:GO sites that accept paypal, you can buy Steam wallet money with pretty much anything and buy keys on the market but you have to wait a week to trade them while if you buy from a third-party site you can instantly trade.
>paypal
I'm pretty sure all of the sellers have ridiculous ripoff prices and require you to show selfie with ID and timestamp.
protip:
You can buy CS:GO keys on various sites with paypal and then trade with Steam bots to get BTC. It's cheaper and way more anonymous.
If you can't find CS:GO sites that accept paypal, you can buy Steam wallet money with pretty much anything and buy keys on the market but you have to wait a week to trade them while if you buy from a third-party site you can instantly trade.
>>36913
Coinbase is ultra shitty when it comes to anonymity. They even track where your bitcoins go after you purchase some from them. They have the lowest fees, but you exchange that with the total lack of privacy.
Best way to stay anonymous with bitcoin is to buy them from someone on the street using cash. It is safer to use a bitcoin ATM (if you live near a big city in the US there is probably one near you), but those do have a camera that take your picture.
Then there are also the shady bitcoin laundering services on tor but those may just take your BTC and never return them.
Coinbase is ultra shitty when it comes to anonymity. They even track where your bitcoins go after you purchase some from them. They have the lowest fees, but you exchange that with the total lack of privacy.
Best way to stay anonymous with bitcoin is to buy them from someone on the street using cash. It is safer to use a bitcoin ATM (if you live near a big city in the US there is probably one near you), but those do have a camera that take your picture.
Then there are also the shady bitcoin laundering services on tor but those may just take your BTC and never return them.
>>36926
Well, first of all you need a Steam account that's protected by Steam Guard and a smartphone connected through the Steam app. You also need to wait like 15 days once you connect your smartphone because of stupid Steam market rules (blame dumb kids for getting scammed).
Then you just find Steam bots and look on its profile on how to trade.
https://steamcommunity.com/profiles/76561198274766095
I used this one but you can find others on google.
You send it a trade with any number of keys and put your bitcoin address in the trade message and you get bitcoin in a matter of minutes.
It also has useful commands like "sell <amount>" to find out how much bitcoin you can get for the specified amount of keys.
Also, you can find keys on csgoshop.com for about ~2.20$ each but buy them in bulk because of G2A paypal fees. It doesn't matter which keys you get as long as they are for cases and not the ones for stickers (which are cheaper but the bot doesn't take them).
Well, first of all you need a Steam account that's protected by Steam Guard and a smartphone connected through the Steam app. You also need to wait like 15 days once you connect your smartphone because of stupid Steam market rules (blame dumb kids for getting scammed).
Then you just find Steam bots and look on its profile on how to trade.
https://steamcommunity.com/profiles/76561198274766095
I used this one but you can find others on google.
You send it a trade with any number of keys and put your bitcoin address in the trade message and you get bitcoin in a matter of minutes.
It also has useful commands like "sell <amount>" to find out how much bitcoin you can get for the specified amount of keys.
Also, you can find keys on csgoshop.com for about ~2.20$ each but buy them in bulk because of G2A paypal fees. It doesn't matter which keys you get as long as they are for cases and not the ones for stickers (which are cheaper but the bot doesn't take them).
Well I gave in and sent them photos of my ID and face(!). I scanned my ID, but their fucking site wouldn't let me upload from my computer so I had to download their stupid app and take pictures from my phone. Had to do it three goddamn times before their system accepted it. Great to know my ugly mug is in a database somewhere. Uploaded my ID to gemini while I was at it since it's not like I have anything left to lose on this front.
At least I can say that I bought the dip.
>>36925
>They even track where your bitcoins go after you purchase some from them.
protip: literally every online broker and exchange does this
>They have the lowest fees
No they don't. They are the most convenient though: you can pay by credit card and get your coins instantly, or by ACH transfer and lock in the price immediately while the transfer goes through. Other brokers make you wait for the deposit to clear before you can use the funds to buy coins or only offer wire transfers, which is wank.
At least I can say that I bought the dip.
>>36925
>They even track where your bitcoins go after you purchase some from them.
protip: literally every online broker and exchange does this
>They have the lowest fees
No they don't. They are the most convenient though: you can pay by credit card and get your coins instantly, or by ACH transfer and lock in the price immediately while the transfer goes through. Other brokers make you wait for the deposit to clear before you can use the funds to buy coins or only offer wire transfers, which is wank.
>>36956
Makes me giggle knowing some rich normie probably bought at 2.9k and is now panicking.
It will eventually come back, just the nature of the market. Just hold on to your coins and don't sweat it.
Makes me giggle knowing some rich normie probably bought at 2.9k and is now panicking.
It will eventually come back, just the nature of the market. Just hold on to your coins and don't sweat it.
oh man, look at all these deals! banks in burgerland are closed until Tuesday, so it might crash even harder then. I'll buy some more if that happens.
>>36943
Likely a terrible investment, but I bought some to lend on Poloniex for entertainment. Since the circulating supply is enormous, a little bit of money buys a lot of coins which makes it look like you're making a lot of money. Best memecoin.
I was lending at 0.4% daily a few days ago, which is like 354% APY after fees. Lending rates seem to have gone down though - probably because it's crashing, lol.
>>36943
Likely a terrible investment, but I bought some to lend on Poloniex for entertainment. Since the circulating supply is enormous, a little bit of money buys a lot of coins which makes it look like you're making a lot of money. Best memecoin.
I was lending at 0.4% daily a few days ago, which is like 354% APY after fees. Lending rates seem to have gone down though - probably because it's crashing, lol.
>>36879
>Some of them are starting bitcoin related businesses with their bitcoin capital.
you mean selling drugs?
>Some of them are starting bitcoin related businesses with their bitcoin capital.
you mean selling drugs?
>>36959
No. Why would they do they risk doing illegal stuff when they're already millionaires?
They're creating businesses that are actively trying to make bitcoin a mainstream currency by creating ATMs, exchanges, payment providers, physical wallets, hardware for mining etc.
https://en.wikipedia.org/wiki/List_of_bitcoin_companies
No. Why would they do they risk doing illegal stuff when they're already millionaires?
They're creating businesses that are actively trying to make bitcoin a mainstream currency by creating ATMs, exchanges, payment providers, physical wallets, hardware for mining etc.
https://en.wikipedia.org/wiki/List_of_bitcoin_companies
>>36960
It seems pointless… way too complicated and even more "abstract" than actual currency… I find it interesting to see all of that internet money drama unwind but if I had large amounts of cryptocash I'd sell it off asap instead of believing it will somehow revolutionize the world.
It seems pointless… way too complicated and even more "abstract" than actual currency… I find it interesting to see all of that internet money drama unwind but if I had large amounts of cryptocash I'd sell it off asap instead of believing it will somehow revolutionize the world.
The liquidity and accessibility of cryptocurrencies concerns me. However, I have realized a 450%~ return from investing in a block chain technology company which amounts to about $36K in real money accepted around the world. I also pay nothing in taxes since it was in a tax-free investment account (equivalent to what you burgers would call a Roth IRA).
I'm not impressed by bitcoin's expansion (or rather lack of it) into legitimate establishments to make it a liquid currency for regular use. It's still in the domain of geeks and geeky criminals. I'm not confident and haven't truly seen how individuals realize large paper bitcoin profits in this market that is still fairly inaccessible. As far as I'm concerned whatever the currency it's not worth shit unless you can buy your ferraris, yachts and mansions in real society with it. Last time I checked the real estate dealers here don't take cryptocurrency. I can't even use it to pay my cell phone or hydro bill and I doubt it'll happen next year or the year after. Either way though I put a portion of my profits back into blockchain so I can still gain some from this tech hype.
I'm not impressed by bitcoin's expansion (or rather lack of it) into legitimate establishments to make it a liquid currency for regular use. It's still in the domain of geeks and geeky criminals. I'm not confident and haven't truly seen how individuals realize large paper bitcoin profits in this market that is still fairly inaccessible. As far as I'm concerned whatever the currency it's not worth shit unless you can buy your ferraris, yachts and mansions in real society with it. Last time I checked the real estate dealers here don't take cryptocurrency. I can't even use it to pay my cell phone or hydro bill and I doubt it'll happen next year or the year after. Either way though I put a portion of my profits back into blockchain so I can still gain some from this tech hype.
>>36976
The exchange process doesn't seem very liquid and smooth allowing you to instantly realize large gains. There also seems to be hundreds of exchanges so not sure which ones are truly legit. Has anyone actually on here actually realized hundreds of thousands of profits at once and bought a real house with it or something? If so, how did you do it? Private broker? Set up your own trade? Use a particular exchange?
The exchange process doesn't seem very liquid and smooth allowing you to instantly realize large gains. There also seems to be hundreds of exchanges so not sure which ones are truly legit. Has anyone actually on here actually realized hundreds of thousands of profits at once and bought a real house with it or something? If so, how did you do it? Private broker? Set up your own trade? Use a particular exchange?
>>36978
>I can't even use it to pay my cell phone or hydro bill
I've paid a variety of bills like electricity and water with litecoin via a service that only works in my country (livingroomofsatoshi.com)
>>36979
I cashed out almost $100k on localbitcoins, which connects you to individuals and small businesses who buy and sell for profit. Took 10 minutes and by communicating with the buyer they were happy to give a better rate for the large amount. It's in my bank account. Only problem is tax, haven't got around to that.
>>36976
If you don't realise that the technology will revolutionise many things, you don't understand it well enough. It may not be bitcoin precisely that will do it, but there is no doubt that the technology is revolutionary and cryptocurrencies will not die any time soon. The most simple fact is that there are a hard cap on the number of bitcoins while government money will keep printing forever, and everybody hates/distrusts banks. It''s also one of the only investments not correlated (or inversely correlated) with traditional investments
>I can't even use it to pay my cell phone or hydro bill
I've paid a variety of bills like electricity and water with litecoin via a service that only works in my country (livingroomofsatoshi.com)
>>36979
I cashed out almost $100k on localbitcoins, which connects you to individuals and small businesses who buy and sell for profit. Took 10 minutes and by communicating with the buyer they were happy to give a better rate for the large amount. It's in my bank account. Only problem is tax, haven't got around to that.
>>36976
If you don't realise that the technology will revolutionise many things, you don't understand it well enough. It may not be bitcoin precisely that will do it, but there is no doubt that the technology is revolutionary and cryptocurrencies will not die any time soon. The most simple fact is that there are a hard cap on the number of bitcoins while government money will keep printing forever, and everybody hates/distrusts banks. It''s also one of the only investments not correlated (or inversely correlated) with traditional investments
The fundamental value of any currency is the simple ability to exchange it for other things of value with someone willing to take it. You can't count on speculation to be the core driver of value for anything sustainable.
That being said, besides criminals using it to buy drugs and guns, does anyone have any idea of the size of legal commercial transactions now done with bitcoin and how much it is growing? Can't seem to find much on that.
>>36980
Personally I wouldn't be comfortable dealing with just individual people for even more modest amounts. Is there a reputable exchange you traders would recommend that has institutional buyers on there and real certifications/audits so that there's good assurance they won't go Mt. Gox? I'm seeing Gemini and Bitstamp as legit certified ones that aren't run out of a dingy basement.
That being said, besides criminals using it to buy drugs and guns, does anyone have any idea of the size of legal commercial transactions now done with bitcoin and how much it is growing? Can't seem to find much on that.
>>36980
Personally I wouldn't be comfortable dealing with just individual people for even more modest amounts. Is there a reputable exchange you traders would recommend that has institutional buyers on there and real certifications/audits so that there's good assurance they won't go Mt. Gox? I'm seeing Gemini and Bitstamp as legit certified ones that aren't run out of a dingy basement.
>>36982
Those ones are good yes. Coinbase (and its exchange GDAX) as well, it is definitely among the most regulated and even gives insurance for $250k of bitcoins per user in case of a MtGox scenario. I have heard Kraken is good. Bitfinex (a bit dodgy since they were hacked once before) and BTC-e have been around for a long time, but have recently been having banking troubles; I would be ok using them after checking if they support your country. Which one is best for you depends on where you live.
Those ones are good yes. Coinbase (and its exchange GDAX) as well, it is definitely among the most regulated and even gives insurance for $250k of bitcoins per user in case of a MtGox scenario. I have heard Kraken is good. Bitfinex (a bit dodgy since they were hacked once before) and BTC-e have been around for a long time, but have recently been having banking troubles; I would be ok using them after checking if they support your country. Which one is best for you depends on where you live.
Can you safely buy cryptocurrencies if you are living in third world? There are services for bitcoin specific to my country but not for other currencies.
>>36984
If you want another cryptocurrency generally ones buy bitcoin first, then exchanges the bitcoin for the other cryptocurrency - fees are very small to do that, usually like 0.02% on a site like btc-e or bittrex or poloniex
If you want another cryptocurrency generally ones buy bitcoin first, then exchanges the bitcoin for the other cryptocurrency - fees are very small to do that, usually like 0.02% on a site like btc-e or bittrex or poloniex
>>36980
>technology will revolutionise
As if we needed more of that. The solution to absolutely everything these days seem to be technology, as if it didn't create plenty of other issues. When you look at cryptocurrencies and how stupidly complicated and "specialized" they are that only a minority understands what they are and how they work, this should give you an idea of how likely it is that they will ever be used for anything besides speculation and illegal businesses.
>technology will revolutionise
As if we needed more of that. The solution to absolutely everything these days seem to be technology, as if it didn't create plenty of other issues. When you look at cryptocurrencies and how stupidly complicated and "specialized" they are that only a minority understands what they are and how they work, this should give you an idea of how likely it is that they will ever be used for anything besides speculation and illegal businesses.
>>36986
The public nature of most blockchains could definitely be used for evil. Either way it's very nice for me to make money of off this instead of wageslaving, to be able to hide it from my family and government, and to be able to buy drugs without leaving my house.
The public nature of most blockchains could definitely be used for evil. Either way it's very nice for me to make money of off this instead of wageslaving, to be able to hide it from my family and government, and to be able to buy drugs without leaving my house.
>>36987
>The public nature of most blockchains could definitely be used for evil.
If you mean that it is possible to track transactions and, in this way, invade the users' privacy, then that's not inherent to blockchains.
Monero (for instance) implements encrypted transactions. Everybody gets a full copy of the blockchain, but only I know the amount of currency tied to any of my public keys.
>The public nature of most blockchains could definitely be used for evil.
If you mean that it is possible to track transactions and, in this way, invade the users' privacy, then that's not inherent to blockchains.
Monero (for instance) implements encrypted transactions. Everybody gets a full copy of the blockchain, but only I know the amount of currency tied to any of my public keys.
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>>36989
Whether you want it or not does not matter, fact is it will not happen. Our societies have enough trouble sustaining themselves as it is, and you think some sci-fi future is plausible?
Whether you want it or not does not matter, fact is it will not happen. Our societies have enough trouble sustaining themselves as it is, and you think some sci-fi future is plausible?
>>36991
Most of the things we have nowadays did not exist centuries ago. Though i agree revolutionary technological change is not going to happen in our lifetimes.
Most of the things we have nowadays did not exist centuries ago. Though i agree revolutionary technological change is not going to happen in our lifetimes.
Are their any anonymous currencies worth holding other than Monero? Dash, Bytecoin, and Zcash all look like scams to me.
To add to >>36992
Scarcity can also act as an incentive for technological development rather than an obstacle.
Scarcity can also act as an incentive for technological development rather than an obstacle.
Wow do I regret not buying stratis cheaply when I had the chance. It's not even a random shitcoin, it's actually good tech. I saw .NET and let my inner neckbeard get the best of me. I wonder what the next rocket I'm going to miss is.
How much personal information do I need to share with "Poloniex" before I can lend there? Is it easy to delete an account there?
>>37058
Well i dont remember if you actually have to get verified to be able to lend but if you do they will ask your address and full name, phone, a scan of an ID and a picture of you holding your ID.
Well i dont remember if you actually have to get verified to be able to lend but if you do they will ask your address and full name, phone, a scan of an ID and a picture of you holding your ID.
>>37058
I only gave them a name and an email and haven't had any problems. I don't see any way to delete my account, and even if there was one you know they wouldn't really delete it.
I only gave them a name and an email and haven't had any problems. I don't see any way to delete my account, and even if there was one you know they wouldn't really delete it.
I wish they would make an index fund or ETF for following cryto currencies already. At least then I could invest my money and know that I can easily cash out when I want.
A bitcoin-backed ETF would probably not even be workable with the hyperinflation and volatility. The bitcoin price already shifts massively in just a few hours, so between when people would buy the ETF and the fund would rebalance by buying or selling bitcoins the price could go up 10-15%, and then it is a small market so the ETF buying would shift the price even more.
>>37058
The worst thing about poloniex is that the withdrawal limits are very low. Something like $2.5k per day I heard, only a little more if you verify yourself. I wouldn't use the site at all because it seems very suspicious and they have been having problems and recently issued about how they aren't responsible if anything goes wrong
The worst thing about poloniex is that the withdrawal limits are very low. Something like $2.5k per day I heard, only a little more if you verify yourself. I wouldn't use the site at all because it seems very suspicious and they have been having problems and recently issued about how they aren't responsible if anything goes wrong
Is there any exchange that doesn't require everything from my birth certificate to a picture of my feet?
>>37076
The hardest part is getting from dollars/euros etc to bitcoin. Once that step is done you can use a few exchanges, e.g. btc-e.com, without any verification to trade back and forth.
For that first step usually localbitcoins is the best. You'll have to look for inventive methods in your country (I know a way in Australia) or meet someone IRL to completely avoid giving any ID. At least if you give someone on there your ID you're not necessarily in a gov database forever, although that's not certain
The hardest part is getting from dollars/euros etc to bitcoin. Once that step is done you can use a few exchanges, e.g. btc-e.com, without any verification to trade back and forth.
For that first step usually localbitcoins is the best. You'll have to look for inventive methods in your country (I know a way in Australia) or meet someone IRL to completely avoid giving any ID. At least if you give someone on there your ID you're not necessarily in a gov database forever, although that's not certain
The only real money in cryptocurrencies now is creating your own and scamming dumb redditors and poor NEETs.
Surest method at this point would just be trading.
Surest method at this point would just be trading.
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Is it worth getting a hardware wallet? I'm starting to get nervous keeping all my keys on my computer, even though they're encrypted. The wallet software for some shitcoin could have a keylogger or something…
>>37127
I wouldn't trust one.
My best recommendation is to use a linux operating system with LUKS encryption, some give you the option to set it up when you first install. After then just download whatever wallet you use and then transfer your funds to it. Make sure to keep your wallet encrypted also.
Unless you have 1+ btc in your wallet, you have little to nothing to worry about. Just be careful of what links you click and software you install.
I wouldn't trust one.
My best recommendation is to use a linux operating system with LUKS encryption, some give you the option to set it up when you first install. After then just download whatever wallet you use and then transfer your funds to it. Make sure to keep your wallet encrypted also.
Unless you have 1+ btc in your wallet, you have little to nothing to worry about. Just be careful of what links you click and software you install.
I've been in the blockchain space since 2012. Seen some crazy shit since those days and made a bit of money in the process. Most of the money I've made so far has come from getting paid in cryptocurencies from companies pre-ICO to work on their products. I'm a developer by trade but I've been working on crypto stuff for a while now.
Some unsolicited advice: be very careful investing in any of these assets because underneath all the hype most of these systems are falling apart. To give you an example, Bitcoin can only process up to around 7 transactions a second and blocks are currently so full that the fees to use the service have gone up tremendously. You might think Ethereum is doing better but every time a company has a new crowd-funding campaign the blockchain experiences a huge backlog that delays everyone else's transactions from being processed.
My only conclusion from watching all of this is that investors don't actually know anything about the technologies they're investing in because if they did they would never have chosen to invest in a single asset. Investing is obviously done based on hype and market perception so if you can read these sentiment well you can make money. The idea is that in general if something sounds like it might be a good thing to the typical misinformed hype-investor then the price is probably going to pump regardless of its merits. That's how many of the people in this thread have made their money and most of my trades have been the same.
Just keep in mind you're never privy to all of the information and behind the scenes powerful forces gather to manipulate the markets. ICOs don't sell out on the day but they are organised in advance by marketers where investors are brainwashed into making purchases on the date to create the impression that a crowd-funding campaign is more in demand than it actually is. Prices are also heavily manipulated because there are pools of whales who all gather to trade together to create artificial scarcity and manipulate people's emotions into investing in something they think is exploding in price only to have the entire fucking market crash on top of them when the whales cash out.
You're never fully in control in the game. The only way to be sure about things is to insider trade and if you're insider trading someone else probably is too (meaning they have information on what you are reacting to and could choose to use it to fuck you as well.)
Some unsolicited advice: be very careful investing in any of these assets because underneath all the hype most of these systems are falling apart. To give you an example, Bitcoin can only process up to around 7 transactions a second and blocks are currently so full that the fees to use the service have gone up tremendously. You might think Ethereum is doing better but every time a company has a new crowd-funding campaign the blockchain experiences a huge backlog that delays everyone else's transactions from being processed.
My only conclusion from watching all of this is that investors don't actually know anything about the technologies they're investing in because if they did they would never have chosen to invest in a single asset. Investing is obviously done based on hype and market perception so if you can read these sentiment well you can make money. The idea is that in general if something sounds like it might be a good thing to the typical misinformed hype-investor then the price is probably going to pump regardless of its merits. That's how many of the people in this thread have made their money and most of my trades have been the same.
Just keep in mind you're never privy to all of the information and behind the scenes powerful forces gather to manipulate the markets. ICOs don't sell out on the day but they are organised in advance by marketers where investors are brainwashed into making purchases on the date to create the impression that a crowd-funding campaign is more in demand than it actually is. Prices are also heavily manipulated because there are pools of whales who all gather to trade together to create artificial scarcity and manipulate people's emotions into investing in something they think is exploding in price only to have the entire fucking market crash on top of them when the whales cash out.
You're never fully in control in the game. The only way to be sure about things is to insider trade and if you're insider trading someone else probably is too (meaning they have information on what you are reacting to and could choose to use it to fuck you as well.)
>>37165
>Most of the money I've made so far has come from getting paid in cryptocurencies from companies pre-ICO to work on their products. I'm a developer by trade but I've been working on crypto stuff for a while now.
Interesting. What kind of skill sets are valuable in this space? How do you get work? I have feeling this is going to be the next big tech meme.
>Most of the money I've made so far has come from getting paid in cryptocurencies from companies pre-ICO to work on their products. I'm a developer by trade but I've been working on crypto stuff for a while now.
Interesting. What kind of skill sets are valuable in this space? How do you get work? I have feeling this is going to be the next big tech meme.
>>37165
The Trick is to be one of the first to invest and then when it takes off you cash out with maximum profits.
Then when the bubble pops you laugh at all the idiots who lose their hard earned money.
The Trick is to be one of the first to invest and then when it takes off you cash out with maximum profits.
Then when the bubble pops you laugh at all the idiots who lose their hard earned money.
>>37165
Completely agree. After learning about crypto for 5 years or so, in recent months it's been really crazy to me to see how prices are only dependent on hype right now. Indeed hardly anybody knows what the fuck they are putting money into. It actually appears to me that it could be a disadvantage to be too technically knowledgeable - buying based on which coins are truly the best has not been the best strategy. As more mainstream people enter the market it may only get much worse in the short term…
Completely agree. After learning about crypto for 5 years or so, in recent months it's been really crazy to me to see how prices are only dependent on hype right now. Indeed hardly anybody knows what the fuck they are putting money into. It actually appears to me that it could be a disadvantage to be too technically knowledgeable - buying based on which coins are truly the best has not been the best strategy. As more mainstream people enter the market it may only get much worse in the short term…
>>37177
>buying based on which coins are truly the best has not been the best strategy
That's exactly what I mean. I am a tech guy so I can tell you how horrible all this shit really is. It makes me not want to buy it at all on a personal level but I know that's not what normal people think when they buy this shit. They're buying it because some guy did a talk and told them in the future AIs will be running decentralized, unstoppable corporations on the blockchains or whatever the fuck it is that a misinformed person thinks that a blockchain does.
>>37166
Applied cryptography. Economics. Game theory. Mathematics. Knowledge of decentralized systems and scaling on a massive level under adversarial conditions. The ability to be able to think of new things and to be creative is a must because most of the work done in this space is done by researchers who are good enough to write production level code. So it's a diverse and specialized mix but accordingly it commands an impressive premium if you can show that you can do it.
IMO, its already the next big tech meme. You probably weren't alive for this (and neither was I) but back in the day web developers used to be able to earn a fuck ton right out of high school just for writing shitty HTML. You know what happened to that? Obviously the web won and all the hip boomers and Gen Xers rushed into tech to make money and now it isn't worth shit for anyone. Well, not so with blockchains.
The demand for good blockchain developers is so high at the moment that companies are hiring people who don't even have a high school diploma for SIX FUCKING FIGURES if they can show they know this shit. Seriously, I could get must people here a job in less than 24 hours if they applied themselves to learn this shit and made a decent portfolio first.
If there's any tech wizards reading this: blockchains, MOTHER FUCKER, LEARN IT.
>buying based on which coins are truly the best has not been the best strategy
That's exactly what I mean. I am a tech guy so I can tell you how horrible all this shit really is. It makes me not want to buy it at all on a personal level but I know that's not what normal people think when they buy this shit. They're buying it because some guy did a talk and told them in the future AIs will be running decentralized, unstoppable corporations on the blockchains or whatever the fuck it is that a misinformed person thinks that a blockchain does.
>>37166
Applied cryptography. Economics. Game theory. Mathematics. Knowledge of decentralized systems and scaling on a massive level under adversarial conditions. The ability to be able to think of new things and to be creative is a must because most of the work done in this space is done by researchers who are good enough to write production level code. So it's a diverse and specialized mix but accordingly it commands an impressive premium if you can show that you can do it.
IMO, its already the next big tech meme. You probably weren't alive for this (and neither was I) but back in the day web developers used to be able to earn a fuck ton right out of high school just for writing shitty HTML. You know what happened to that? Obviously the web won and all the hip boomers and Gen Xers rushed into tech to make money and now it isn't worth shit for anyone. Well, not so with blockchains.
The demand for good blockchain developers is so high at the moment that companies are hiring people who don't even have a high school diploma for SIX FUCKING FIGURES if they can show they know this shit. Seriously, I could get must people here a job in less than 24 hours if they applied themselves to learn this shit and made a decent portfolio first.
If there's any tech wizards reading this: blockchains, MOTHER FUCKER, LEARN IT.
>>37193
Do you have a list of resources or projects you did to learn blockchain stuff? I'm interested based on your description but I don't really know where to start. I do have an okay background in math up to Calc 3 and I've studied some cryptography as part of being a CS major but I'm somewhat clueless about economics and game theory.
Do you have a list of resources or projects you did to learn blockchain stuff? I'm interested based on your description but I don't really know where to start. I do have an okay background in math up to Calc 3 and I've studied some cryptography as part of being a CS major but I'm somewhat clueless about economics and game theory.
>>36741
>Ethereum will be $300+ in a month
As I predicted, less than a month later, Ethereum is over $315 now. It'll be $500 next month.
>Ethereum will be $300+ in a month
As I predicted, less than a month later, Ethereum is over $315 now. It'll be $500 next month.
You know, we should make a wiz pump-and-dump group for shitcoins.
Get all the tech wizzies together to think up new coins. Every other wizzie will be assigned to the pump train and then we hype the FUCK out of it on social media. I'll pay to get us press on all the major news sites too.
There's prob even a way we can put money into this without other wizzies getting scammed before the dumping occurs. We could use time-locks on the coins sent to am obfuscated address and then prove to other wizzies they were time-locked. No one would be able to dump early which would be fucking cool
Are you READY to take cash from these norpers? Let us channel our autism into mad FUCKINg gains. Let these norpers fear our name on Polo, for we are the shitcoin KINGS
Get all the tech wizzies together to think up new coins. Every other wizzie will be assigned to the pump train and then we hype the FUCK out of it on social media. I'll pay to get us press on all the major news sites too.
There's prob even a way we can put money into this without other wizzies getting scammed before the dumping occurs. We could use time-locks on the coins sent to am obfuscated address and then prove to other wizzies they were time-locked. No one would be able to dump early which would be fucking cool
Are you READY to take cash from these norpers? Let us channel our autism into mad FUCKINg gains. Let these norpers fear our name on Polo, for we are the shitcoin KINGS
i'm scared guys. If these gains keep happening the normalpigs are going to come in droves and ruin it. I'm not ready! I need more time to accumulate, please crash
nocoiners should just give up. they missed the cryptotrain, it's over. if they jump in now they'll not make any substantial profit and they're actually quite likely to lose their investment because it's pretty clear we're in a bubble
I can't believe I'm saying this, but please try not to bragfag. I almost thought I was on /biz/.
>>37357
Let them enjoy it while they can. It's not like it will last, or that they can even turn it into real money.
Let them enjoy it while they can. It's not like it will last, or that they can even turn it into real money.
>>37368
It is easy to cash out your bitcoin using a place like coinbase. But yea, there is no reason to jerk off over coins that you haven't cashed out yet.
May be harder if you don't live in a country that uses the major currencies, though.
It is easy to cash out your bitcoin using a place like coinbase. But yea, there is no reason to jerk off over coins that you haven't cashed out yet.
May be harder if you don't live in a country that uses the major currencies, though.
>>37368
Still saying this? Hundreds of places directly convert cryptocurrencies into dollars and euros through a bank transfer.
Still saying this? Hundreds of places directly convert cryptocurrencies into dollars and euros through a bank transfer.
>>37357
Sorry, this is the most money I've ever had and will probably ever have so its hard not to be excited. I know how fucking obnoxious that can seem though>>37357
Sorry, this is the most money I've ever had and will probably ever have so its hard not to be excited. I know how fucking obnoxious that can seem though>>37357
>>37375
So you are telling me if I had a hundred thousand dollars worth of bitcoin right now that I could convert it into real money instantly?
So you are telling me if I had a hundred thousand dollars worth of bitcoin right now that I could convert it into real money instantly?
>>37655
I bought some ETH yesterday at $250. I thought it was going to recover but it looks like we may finally be entering a bear market. I will be buying all the way down.
I got kind of greedy since the beginning of June and it hurts a little bit.
I bought some ETH yesterday at $250. I thought it was going to recover but it looks like we may finally be entering a bear market. I will be buying all the way down.
I got kind of greedy since the beginning of June and it hurts a little bit.
>>37663
Welcome to crypto.
Don't leave, don't sell, and don't lose hope, because this is the last way out and if the markets going down, then let it take me with it.
Welcome to crypto.
Don't leave, don't sell, and don't lose hope, because this is the last way out and if the markets going down, then let it take me with it.
>>36405
ICN just handed me 10x of my initial investment. i'm glad that i didn't follow your retarded advice
ICN just handed me 10x of my initial investment. i'm glad that i didn't follow your retarded advice
>>37673
>because this is the last way out and if the markets going down
The crypto currency market is so rife with idiots and so volotile that I would be shocked if it wasn't hit harder than the real market when the crash comes.
Anyway, what do you guys thinks of ans? Seems to be the hot winner right now.
>because this is the last way out and if the markets going down
The crypto currency market is so rife with idiots and so volotile that I would be shocked if it wasn't hit harder than the real market when the crash comes.
Anyway, what do you guys thinks of ans? Seems to be the hot winner right now.
>>37685
I was the one who that guy was replying to. I was planning on recovering my principal at 10x, but didn't get around to it before the dip. To be honest I'm still not convinced that they aren't running a ponzi scheme.
>>37687
>Anyway, what do you guys thinks of ans? Seems to be the hot winner right now.
I understood it to be "Chinese ETH" and wrote it off immediately. Wish I could say more, but I don't see the innovation or value proposition with this coin.
My short term bet is on CFI since it capitalizes on the retarded ICO frenzy that has been going on lately. I also got some NMR, but I did minimal research and I consider it highly speculative. Long term I think BAT has a lot of potential for profit, but that depends on the project being successful AND that success increasing the value of the token.
I was the one who that guy was replying to. I was planning on recovering my principal at 10x, but didn't get around to it before the dip. To be honest I'm still not convinced that they aren't running a ponzi scheme.
>>37687
>Anyway, what do you guys thinks of ans? Seems to be the hot winner right now.
I understood it to be "Chinese ETH" and wrote it off immediately. Wish I could say more, but I don't see the innovation or value proposition with this coin.
My short term bet is on CFI since it capitalizes on the retarded ICO frenzy that has been going on lately. I also got some NMR, but I did minimal research and I consider it highly speculative. Long term I think BAT has a lot of potential for profit, but that depends on the project being successful AND that success increasing the value of the token.
So for those who want to cash out their coins eventually. What are the best ways to do it?
I read news stories that people who used Localbitcoins were beeing in business with undercover feds and got jailed for "money laundering". I guess exchanges are the way to go then. However they need verification and they might have restrictions.
What would be the best exchanges by
>fees
>prices
>availability in many countries
>many different currencies for trading
>trust
>limits
>bureaucracy
I understand that you can open an account with them and charge your online wallet with BTC or fiat but I don't understand how you can send it back to your private wallet or private bank account.
I read news stories that people who used Localbitcoins were beeing in business with undercover feds and got jailed for "money laundering". I guess exchanges are the way to go then. However they need verification and they might have restrictions.
What would be the best exchanges by
>fees
>prices
>availability in many countries
>many different currencies for trading
>trust
>limits
>bureaucracy
I understand that you can open an account with them and charge your online wallet with BTC or fiat but I don't understand how you can send it back to your private wallet or private bank account.
>>37712
forgot to add:
how is it for people who do not live in SEPA countries or USA/Canada. Will the exchange accept a bank account from moldova or ukraine?
forgot to add:
how is it for people who do not live in SEPA countries or USA/Canada. Will the exchange accept a bank account from moldova or ukraine?
>>37712
how about you buy stuff with bitcoins? there's an increasing number of online stores that sell electronic stuff for btc
how about you buy stuff with bitcoins? there's an increasing number of online stores that sell electronic stuff for btc
>>37720
Can anyone confirm this? So payments from Kraken, coinbase and bitstamp are possible to bank accounts outside of SEPA region or USA / Canada you just have to pay a transaction fee?
I felt like they don't do it because they only wanted low fee transactions or something.
Can anyone confirm this? So payments from Kraken, coinbase and bitstamp are possible to bank accounts outside of SEPA region or USA / Canada you just have to pay a transaction fee?
I felt like they don't do it because they only wanted low fee transactions or something.
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so how many of you managed to actually cash out a fortune? The prices have been around $2500 for a while already so you had enough time. Any of you actually managed to do it or did you get nightmares with government bureaucracy, anti money laundering and tax evasion charges.
I believe most of the oldfags in BTC cannot prove where their coins come from because they either mined them themselves or bought them with cash back when it was easier. I doubt that exchanges are gonna accept anything other than paper proof if you want to cash out higher sums.
I believe most of the oldfags in BTC cannot prove where their coins come from because they either mined them themselves or bought them with cash back when it was easier. I doubt that exchanges are gonna accept anything other than paper proof if you want to cash out higher sums.
>>37842
All coins are created from thin air as rewards to miners.
At any rate I managed to cash out about $15k worth of BTC, but that was like in $500-$800 increments over the course of a few weeks. There really is no reason to liquidate all your BTC at once, and it will lead to nothing but headaches and extra wait times.
>>37712
I used coinbase. They had the lowest fees at the time, and easily set me up with a bank account. Circle was also a great and easy service to use, but they stopped handing BTC for some reason.
All coins are created from thin air as rewards to miners.
At any rate I managed to cash out about $15k worth of BTC, but that was like in $500-$800 increments over the course of a few weeks. There really is no reason to liquidate all your BTC at once, and it will lead to nothing but headaches and extra wait times.
>>37712
I used coinbase. They had the lowest fees at the time, and easily set me up with a bank account. Circle was also a great and easy service to use, but they stopped handing BTC for some reason.
SO I just found out cryptsy shutits exchange down and took the coins from its users. I am sure I had coins on that exchange but the deadline was back in May. Why the hell didn't they e-mail everyone who had an account with cryptsy? It all happened so fast, if you weren't glued to this shit, you would've missed out just like me.
Reminder that no one buys anything with Bitcoin.
Anything that converts the cost from US dollars doesn't count, you may as well be cashing out and then paying in US dollars as they probably sell the bitcoin back into US dollars regularly
There are no actual shops where you buy things for X amount of bitcoin that aren't just drugs and illegal shit, and even those got shut down lately from the sounds of it.
Bitcoin is a dead currency, yet for some reason it's higher than its ever been. nearly useless except to cash out. but people haven't figured that out. It's due for a gigantic drop.
Suppose all of a sudden bitcoin couldn't be converted to another currency like USD anymore. What would you do with it? It's useless. It's not actual money and I don't mean that in the sense that it's not real, I mean it's not actually usable. It's monopoly board game money that people are spending real money on.
Meme investment.
Anything that converts the cost from US dollars doesn't count, you may as well be cashing out and then paying in US dollars as they probably sell the bitcoin back into US dollars regularly
There are no actual shops where you buy things for X amount of bitcoin that aren't just drugs and illegal shit, and even those got shut down lately from the sounds of it.
Bitcoin is a dead currency, yet for some reason it's higher than its ever been. nearly useless except to cash out. but people haven't figured that out. It's due for a gigantic drop.
Suppose all of a sudden bitcoin couldn't be converted to another currency like USD anymore. What would you do with it? It's useless. It's not actual money and I don't mean that in the sense that it's not real, I mean it's not actually usable. It's monopoly board game money that people are spending real money on.
Meme investment.
>>37849
Bitcoin holds the unique position where it provides an alternate currency for anyone around the world. You are right that no one is directly trading in BTC, but people are paying money to acquire BTC so it has some value. It values comes in the fact that it is a way to transfer money around the world, outside from any government influence.
If the government cracked down on bitcoin exchanges, you could still just walk up to any random dude with BTC and exchange cash for BTC. This is the value behind bitcoin, and this is why bitcoin will never be worthless.
With that said, extremely people can easily manipulate the price of bitcoin as they see fit, but that will be harder to do as time drags on.
Bitcoin holds the unique position where it provides an alternate currency for anyone around the world. You are right that no one is directly trading in BTC, but people are paying money to acquire BTC so it has some value. It values comes in the fact that it is a way to transfer money around the world, outside from any government influence.
If the government cracked down on bitcoin exchanges, you could still just walk up to any random dude with BTC and exchange cash for BTC. This is the value behind bitcoin, and this is why bitcoin will never be worthless.
With that said, extremely people can easily manipulate the price of bitcoin as they see fit, but that will be harder to do as time drags on.
>>37849
I just bought a laptop with it but ok.
You can't buy anything with gold, but look at that. It's more like digital gold than a currency and that's fine. The whole point is scarcity and that it's easy to move and store. These are properties which give it a real usage separate from payments.
I just bought a laptop with it but ok.
You can't buy anything with gold, but look at that. It's more like digital gold than a currency and that's fine. The whole point is scarcity and that it's easy to move and store. These are properties which give it a real usage separate from payments.
It looks like the bubble has finally burst. Massive, massive crash is here. Which is nice. Shills BTFO.
>>37844
well this is not that much. Anyone else here who cashed out 200 grand or half a million? We had some people claim they were pretty affluent in this thread even. I wonder what happened to those.
Today I also read that the IRS is asking coinbase for a database with people who had transaction volumes of 20k USD or more on their exchange during 2013 - 2015. It seems like government will break the necks of all the bitcoiners and scare away anyone who wants to join their club.
well this is not that much. Anyone else here who cashed out 200 grand or half a million? We had some people claim they were pretty affluent in this thread even. I wonder what happened to those.
Today I also read that the IRS is asking coinbase for a database with people who had transaction volumes of 20k USD or more on their exchange during 2013 - 2015. It seems like government will break the necks of all the bitcoiners and scare away anyone who wants to join their club.
>>37850
And here I've been trying to get money onto an exchange since it first started dipping two-three weeks ago. Guess I should thank those incompetent fucks for not letting me in until the real dip.
>>37865
I have no problem with idiots who don't understand how anything works, thinking they can walk away with tens of thousands in profits and not have to pay taxes, getting investigated for tax avoidance. I hate taxes but fuck those arrogant pricks.
And here I've been trying to get money onto an exchange since it first started dipping two-three weeks ago. Guess I should thank those incompetent fucks for not letting me in until the real dip.
>>37865
I have no problem with idiots who don't understand how anything works, thinking they can walk away with tens of thousands in profits and not have to pay taxes, getting investigated for tax avoidance. I hate taxes but fuck those arrogant pricks.
>>37864
It's been a bear market since early June, it's just a question of how long and how low. There hasn't been a real catalyst for a crash so I expect growth to resume within a year unless there's some massive scandal.
Or I could be wrong though and this could be the start of another several-year drought. Or maybe it really is the death of crypo this time. One thing I know for certain though is that nocoiners won't have the guts to buy the dip and will miss the bus yet again.
It's been a bear market since early June, it's just a question of how long and how low. There hasn't been a real catalyst for a crash so I expect growth to resume within a year unless there's some massive scandal.
Or I could be wrong though and this could be the start of another several-year drought. Or maybe it really is the death of crypo this time. One thing I know for certain though is that nocoiners won't have the guts to buy the dip and will miss the bus yet again.
>>37868
Yeah, it's dropped a whole… oh never mind, it's almost the same price as the start of June. Bear market! Bear market! Buy the dip!!! Nocoiners btfo! Don't miss the bus!
Yeah, it's dropped a whole… oh never mind, it's almost the same price as the start of June. Bear market! Bear market! Buy the dip!!! Nocoiners btfo! Don't miss the bus!
>>37869
I'm just saying that the people acting smug now are, as usual, going to be too scared to buy the bottom when it does come, which could be after months of losses. I personally don't see the price of bitcoin breaking $3k any time "soon".
I'm just saying that the people acting smug now are, as usual, going to be too scared to buy the bottom when it does come, which could be after months of losses. I personally don't see the price of bitcoin breaking $3k any time "soon".
>>37872
The people who plan to hold off until "the bottom" almost always end up missing it because nobody knows where the bottom actually is. I'm not saying that now is a good time to buy in, but at some point you have to take a chance. There's never a perfect time to buy.
The people who plan to hold off until "the bottom" almost always end up missing it because nobody knows where the bottom actually is. I'm not saying that now is a good time to buy in, but at some point you have to take a chance. There's never a perfect time to buy.
>>37865
I suppose most lie online about their wealth. Their are liars everywhere, especially when it comes to finances. A lot of people talk about what they think they can earn, but never meet those expectations. If it was so easy to get rich with bitcoins, anyone with half a brain, money, and a computer would be a billionaire.
I suppose most lie online about their wealth. Their are liars everywhere, especially when it comes to finances. A lot of people talk about what they think they can earn, but never meet those expectations. If it was so easy to get rich with bitcoins, anyone with half a brain, money, and a computer would be a billionaire.
>>37882
There's a financial incentive to lie about how much money you're making since it's a pyramid scheme. Or ponzi scheme. The difference is subtle but the point is that the more people you get into the scheme the more money the people before them make.
It's one big gamble that the scheme will rope in more and more people. Money making is real, just like how you can make money in a pyramid scheme.
But do you really want to play that game? Is the stress worth it?
There's a financial incentive to lie about how much money you're making since it's a pyramid scheme. Or ponzi scheme. The difference is subtle but the point is that the more people you get into the scheme the more money the people before them make.
It's one big gamble that the scheme will rope in more and more people. Money making is real, just like how you can make money in a pyramid scheme.
But do you really want to play that game? Is the stress worth it?
For those of you who made a lot of money from this, how much did you initially invest?
I am going to put in $200 now with the dip and all but I don't see it turning into mad gainz. I mean, even if it doubles that is still only $400. If it quadruples that is still only $1000. It boggles my mind that people have thrown thousands at this stuff given the huge risk. I understand the people who bought bitcoin years ago becoming rich, but the amount you need to invest now for the same potential returns is huge.
Sure, you could bank on some new ICO. But would you really speculate even $100 on something like that?
I am going to put in $200 now with the dip and all but I don't see it turning into mad gainz. I mean, even if it doubles that is still only $400. If it quadruples that is still only $1000. It boggles my mind that people have thrown thousands at this stuff given the huge risk. I understand the people who bought bitcoin years ago becoming rich, but the amount you need to invest now for the same potential returns is huge.
Sure, you could bank on some new ICO. But would you really speculate even $100 on something like that?
>>37894
>ICO
no, they are not even coins, they are scams. At least back in 2013, people marketed new coins instead of "ICOs" but I guess this hipster "smart" contract crap changed the crypto world forever
>ICO
no, they are not even coins, they are scams. At least back in 2013, people marketed new coins instead of "ICOs" but I guess this hipster "smart" contract crap changed the crypto world forever
>>37895
it's flipped now, new coins are almost certainly scams because we have established players
a couple ICOs are in the same position as altcoins in 2013
it's flipped now, new coins are almost certainly scams because we have established players
a couple ICOs are in the same position as altcoins in 2013
>>37894
I used the $200 to buy equal amounts BTC, ETH, XRP, LTC and XMR. This isn't entirely stupid is it?
I used the $200 to buy equal amounts BTC, ETH, XRP, LTC and XMR. This isn't entirely stupid is it?
>>37865
I still have my 200k profit. I have only 1 Bitcoin left now and I'm only holding that in case Bitcoin goes up another 10 - 100 times. If it doesn't then meh. I hope other wizzies are profiting from the crypto bubble; fyi there is a lot more money to be made in under-valued cryptos- the kind where $1 - $10k turns into $100 - 200k in only a few years.
I still have my 200k profit. I have only 1 Bitcoin left now and I'm only holding that in case Bitcoin goes up another 10 - 100 times. If it doesn't then meh. I hope other wizzies are profiting from the crypto bubble; fyi there is a lot more money to be made in under-valued cryptos- the kind where $1 - $10k turns into $100 - 200k in only a few years.
>>37906
So did the bitcoin exchange bully you when you cashed out? Did they ask you to show proof how you aquired your coins? Paying taxes is not the problem, the problem is when the exchange freezes your account and then wants to see proof how you aquired the coins.
So did the bitcoin exchange bully you when you cashed out? Did they ask you to show proof how you aquired your coins? Paying taxes is not the problem, the problem is when the exchange freezes your account and then wants to see proof how you aquired the coins.
>>37925
Nope. I have an account I've used for a long time and that I've gone through the trouble of verifying. I've already moved small amounts in the past (25k) so it helps.
The scariest part of this was when I had to sell like 150k USD worth of an obscure alt-coin and the major exchange at the time for its liquidity (Poloniex) was closed.
I used a newer exchange that allowed me to verify to the highest level via webcam and they let me become verified and withdraw all of my money in Bitcoin in the same day. I am really glad that none of my money got frozen because the market crashed only hours later (selling 200k worth of shit coins in a market with only like 20mil market cap is enough to crash it by like 15%.)
I should have used a dark pool but none of the alt-coin exchanges that were trading had them. What you said about traders having their funds frozen is fucking terrifying because 90% of these sites are unregulated, uninsured, and probably illegal so if your funds are frozen you really can't do shit. I'm lucky they didn't start asking me questions, I freak out every time my funds don't show up in my account. Using exchanges feels like playing russian roulette
Nope. I have an account I've used for a long time and that I've gone through the trouble of verifying. I've already moved small amounts in the past (25k) so it helps.
The scariest part of this was when I had to sell like 150k USD worth of an obscure alt-coin and the major exchange at the time for its liquidity (Poloniex) was closed.
I used a newer exchange that allowed me to verify to the highest level via webcam and they let me become verified and withdraw all of my money in Bitcoin in the same day. I am really glad that none of my money got frozen because the market crashed only hours later (selling 200k worth of shit coins in a market with only like 20mil market cap is enough to crash it by like 15%.)
I should have used a dark pool but none of the alt-coin exchanges that were trading had them. What you said about traders having their funds frozen is fucking terrifying because 90% of these sites are unregulated, uninsured, and probably illegal so if your funds are frozen you really can't do shit. I'm lucky they didn't start asking me questions, I freak out every time my funds don't show up in my account. Using exchanges feels like playing russian roulette
>>37932
I am happy you made it wizbro. The stories of frozen accounts are from Kraken and Bitstamp. I read them on some site where they had reviews for different exchanges. Maybe you had another exchange that was not that nosy.
>>37933
It all comes tumbling down tumbling down tumbling doooooown. This crash was clear. The price rose from 1000$ to 3000$ in half a year. What goes up exponentially must come down vertically. However, this already happened in 2011 and 2013. We will see 5000$ the next time this happens. Also lurk the Bitcointalk forum. There are tons of newbie users now and they are all searching for the next Ethereum.
I am happy you made it wizbro. The stories of frozen accounts are from Kraken and Bitstamp. I read them on some site where they had reviews for different exchanges. Maybe you had another exchange that was not that nosy.
>>37933
It all comes tumbling down tumbling down tumbling doooooown. This crash was clear. The price rose from 1000$ to 3000$ in half a year. What goes up exponentially must come down vertically. However, this already happened in 2011 and 2013. We will see 5000$ the next time this happens. Also lurk the Bitcointalk forum. There are tons of newbie users now and they are all searching for the next Ethereum.
>>36752
They are not an asset that produces anything so their price increase is purely based on shared speculation that people will continue to want more of them.
It's just like commodities, there are people who make money trading them, but at the end of the day you can't say for sure ex-ante that you'll be making money.
They are not an asset that produces anything so their price increase is purely based on shared speculation that people will continue to want more of them.
It's just like commodities, there are people who make money trading them, but at the end of the day you can't say for sure ex-ante that you'll be making money.
>>37939
Bitcointalk is scummy as shit. I've decided to not read anything on a forum, too many sockpuppets and hypemonkey out for their next fix. I'd rather read some cryptonews or even listen to a high grade youtuber, even if it's biased at least I don't feel like it's making me stupider by reading it. So far my anxiety went down and I made some decent trades because I did this.
>>37942
From what I read about the blockchain technology and how governments and corporations are talking about it, I don't see how valuation is going to work out. Anyone can setup their own monetary system, complete with their own monetary policy in code, and can do the whole thing with open source tech. About the only thing I see of value being provided is PoW(proof of work), China has a lot of bitcoin miners outside of idling powerplants. If anything is going to be worth money in the future, I assume it's going to be that because of all the time, money, and computing power already invested in the system.
And etherum is the rabbit in the hat it seems. From my study of the global economic system, it functions pretty much like ethereum does anyways and the backing of the damn thing is ridiculous. I was so sure it was going to be a thousand by now when it was 400. Seemed like the damned thing couldn't go down, but of course, it died like my portfolio did.
Bitcointalk is scummy as shit. I've decided to not read anything on a forum, too many sockpuppets and hypemonkey out for their next fix. I'd rather read some cryptonews or even listen to a high grade youtuber, even if it's biased at least I don't feel like it's making me stupider by reading it. So far my anxiety went down and I made some decent trades because I did this.
>>37942
From what I read about the blockchain technology and how governments and corporations are talking about it, I don't see how valuation is going to work out. Anyone can setup their own monetary system, complete with their own monetary policy in code, and can do the whole thing with open source tech. About the only thing I see of value being provided is PoW(proof of work), China has a lot of bitcoin miners outside of idling powerplants. If anything is going to be worth money in the future, I assume it's going to be that because of all the time, money, and computing power already invested in the system.
And etherum is the rabbit in the hat it seems. From my study of the global economic system, it functions pretty much like ethereum does anyways and the backing of the damn thing is ridiculous. I was so sure it was going to be a thousand by now when it was 400. Seemed like the damned thing couldn't go down, but of course, it died like my portfolio did.
just a reminder for people who are interested in radix:
https://for um.radix.global/threads/null-fabric-patent-is-filed.4507/
They filed the patent today and tomorrow they can write about their technology. The whitepaper will be released soon as well. According to them they invented a new super innovative distributed ledger technology that is much better than anything before.
https://for um.radix.global/threads/null-fabric-patent-is-filed.4507/
They filed the patent today and tomorrow they can write about their technology. The whitepaper will be released soon as well. According to them they invented a new super innovative distributed ledger technology that is much better than anything before.
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How's your portfolio doing?
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>>39370
there are tons of reasons and just like ethereum it is something entirely new and therefore it might become the next ethereum.
Radix is very interesting to me because of its new system with inflation. They are the first currency model with fair inflation where you as the saver don't get inflated to oblivion because of the money supply getting expanded. They pay you interest on your holdings every time the money supply doubles. Contrary to bitcoin, people will have motivation to spend their money instead of hoarding it. There will be no mining (they have a new technology that was patented) and even a shit computer like rasperry pi will be able to run a full node. Also full nodes get money for processing payments. Transaction fees will be 1 cent, Value of the currency will be stable (around 1 USD with maximum allowed variation of 3% per year), they will have their own decentrallized exchange and amazon-like marketplace. All in all it is the most interesting altcoin so far for me.
>>39369
If you are asking about the latest crash I can tell you it was hilarious. Chicom gubmint was only coughing and the entire crypto markets got aids. Then all the weak hands got shaken out of the market. Now it is back to 3500. Sure, there will be downwards pressure for the price until Sept. 30th until all the chinks liquidate their holdings but after that it will be back to normal again. The mainland chinese who still want to trade will likely go to Taiwan or Hong Kong. The last time the chicoms did this the trading volume went to tokyo overnight.
All in all, it was only FUD.
There were giantic buying sprees in the 3000$ region, mostly by whales. The inflow of money was roughtly 1.27 billion USD. I think this is the largest trading volume we have ever had. If you wonder who might be amongst these whales, you can check the screenshot I added to my posting. Left coloumn is buyers and right column is sellers, screenshot is from a swedish site.
The goyim always get fooled like this and it works every single time. Also, chicoms have demonstrated that they are spineless dog-men who blindly follow their regime.
there are tons of reasons and just like ethereum it is something entirely new and therefore it might become the next ethereum.
Radix is very interesting to me because of its new system with inflation. They are the first currency model with fair inflation where you as the saver don't get inflated to oblivion because of the money supply getting expanded. They pay you interest on your holdings every time the money supply doubles. Contrary to bitcoin, people will have motivation to spend their money instead of hoarding it. There will be no mining (they have a new technology that was patented) and even a shit computer like rasperry pi will be able to run a full node. Also full nodes get money for processing payments. Transaction fees will be 1 cent, Value of the currency will be stable (around 1 USD with maximum allowed variation of 3% per year), they will have their own decentrallized exchange and amazon-like marketplace. All in all it is the most interesting altcoin so far for me.
>>39369
If you are asking about the latest crash I can tell you it was hilarious. Chicom gubmint was only coughing and the entire crypto markets got aids. Then all the weak hands got shaken out of the market. Now it is back to 3500. Sure, there will be downwards pressure for the price until Sept. 30th until all the chinks liquidate their holdings but after that it will be back to normal again. The mainland chinese who still want to trade will likely go to Taiwan or Hong Kong. The last time the chicoms did this the trading volume went to tokyo overnight.
All in all, it was only FUD.
There were giantic buying sprees in the 3000$ region, mostly by whales. The inflow of money was roughtly 1.27 billion USD. I think this is the largest trading volume we have ever had. If you wonder who might be amongst these whales, you can check the screenshot I added to my posting. Left coloumn is buyers and right column is sellers, screenshot is from a swedish site.
The goyim always get fooled like this and it works every single time. Also, chicoms have demonstrated that they are spineless dog-men who blindly follow their regime.
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>>39452
also forgot to say.
It is a good thing that we get rid of the Chinese. They are a race of gamblers and there is no social stigma in their culture for gambling. It is seen as legitimate seeking of fortune and happiness. To put it simply, having them around generates useless volatility that will not benefit virtual currencies in any kind.
They are in it for the paper money, not because of ideological values.
Then also their government is pure cancer and it is best to make sure they will not have an impact on the future of virtual currencies.
However, I believe that this ban is only temporary and that they will come back when they have found a way to regulate everything like they want it.
also forgot to say.
It is a good thing that we get rid of the Chinese. They are a race of gamblers and there is no social stigma in their culture for gambling. It is seen as legitimate seeking of fortune and happiness. To put it simply, having them around generates useless volatility that will not benefit virtual currencies in any kind.
They are in it for the paper money, not because of ideological values.
Then also their government is pure cancer and it is best to make sure they will not have an impact on the future of virtual currencies.
However, I believe that this ban is only temporary and that they will come back when they have found a way to regulate everything like they want it.
>>39452
and how do I use Radix to make money? besides the node thing which does not sound very profitable.
and how do I use Radix to make money? besides the node thing which does not sound very profitable.
>>39471
example BTC:
today you buy 1000$ worth of BTC
in one year they are 1500$ worth
example RDX:
today you buy 1000$ worth of RDX
when the market cap doubles, you get interest 50% in form of new RDX. As 1 RDX is still worth the same you are now holding the USD equivalent of 1500$ in RDX.
Basically:
1 piece worth 2$ is the same as 2 pieces worth 1$ each.
example BTC:
today you buy 1000$ worth of BTC
in one year they are 1500$ worth
example RDX:
today you buy 1000$ worth of RDX
when the market cap doubles, you get interest 50% in form of new RDX. As 1 RDX is still worth the same you are now holding the USD equivalent of 1500$ in RDX.
Basically:
1 piece worth 2$ is the same as 2 pieces worth 1$ each.
>>39482
That depends on how much money flows into the RDX ecosphere. Basically the decentrallized exchange will take your BTC payments and then convernt them into RDX for the current price. If enough RDX is bought then at some point the cap doubles and everybody gets interest payments. This is a very clever system and it also prevents that any entity can become the single largest holder of the currency. No matter how much money you pump in, you will never have 51% of the supply.
That depends on how much money flows into the RDX ecosphere. Basically the decentrallized exchange will take your BTC payments and then convernt them into RDX for the current price. If enough RDX is bought then at some point the cap doubles and everybody gets interest payments. This is a very clever system and it also prevents that any entity can become the single largest holder of the currency. No matter how much money you pump in, you will never have 51% of the supply.
>>39486
sounds interesting. so in any way its worth investing since it will probably at least double once.
so when can we buy it?
sounds interesting. so in any way its worth investing since it will probably at least double once.
so when can we buy it?
>>37932
do you know a good exchange to cash out your BTC holdings? Preferrably one that will not scam you or block your fiat transfer in last minute. I read some horror stories already about bitstamp and coinbase.
do you know a good exchange to cash out your BTC holdings? Preferrably one that will not scam you or block your fiat transfer in last minute. I read some horror stories already about bitstamp and coinbase.
>>39603
he is lying, RDX is not even out yet. I believe it will be similarily valued like Tether around USD 1.00 when it comes out.
he is lying, RDX is not even out yet. I believe it will be similarily valued like Tether around USD 1.00 when it comes out.
https://steemit.com/@quickfingersluc
method for trading:
90%+ trades are winners
no technical indicators
no candlestick patterns
20,30,50 trades monthly
takes 30 minutes till basic understanding
free
I am not the author of course. I merely 5xed my money in a couple months.
I share it only cause I randomly heard about it on 4chan. Passing it on to non-normies. No limit to what you can achieve with this.
I made it sound like an ad this time, last time nobody bothered to click. It's the last time I pass this on, and I don't want too many people to know about it.
method for trading:
90%+ trades are winners
no technical indicators
no candlestick patterns
20,30,50 trades monthly
takes 30 minutes till basic understanding
free
I am not the author of course. I merely 5xed my money in a couple months.
I share it only cause I randomly heard about it on 4chan. Passing it on to non-normies. No limit to what you can achieve with this.
I made it sound like an ad this time, last time nobody bothered to click. It's the last time I pass this on, and I don't want too many people to know about it.
>>39632
you're wise, anon. if you've missed the waltonchain bullrun, chainlink is the next best chance to score at least a 4-5x this month. in less than two weeks they'll have some major announcement about their parnerships with big names in the mainstream fintech industry
you're wise, anon. if you've missed the waltonchain bullrun, chainlink is the next best chance to score at least a 4-5x this month. in less than two weeks they'll have some major announcement about their parnerships with big names in the mainstream fintech industry
>>39668
Yea I know m8 and I really believe into that concept, now I actually have around 11k LINK, (dropped even more money into it).
putting another grand into it in the coming days, hope price stays low til then.
Yea I know m8 and I really believe into that concept, now I actually have around 11k LINK, (dropped even more money into it).
putting another grand into it in the coming days, hope price stays low til then.
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>Sold my car to buy DGB at ATH
Radixfag here again, just wanted to inform you who might still be interested in Radix.
They are performing heavy load tests right now. They plan to release Radix in Q1 2018 or earlier if their progress goes well. There will be no ICO and no scams. They are releasing the real deal from day one. The ICO will be only if they want to do a big marketing campain and to bribe POS stores to accept it at their stores.
You can buy Radix tokens priced in Bitcoin directly from their integrated decentrallized exchange:
https://twitter.com/radixdlt
If you want to buy Radix, buy some bitcoins now and keep them for the moment when it goes live. You have to buy fast if you want to benefit from the interest payouts early on. Also remember, only invest as much as you can afford to lose. Do not invest your grandma's savings fund into this crap. We have no idea about this technology yet and it could also blow up in fire on the release day.
They are performing heavy load tests right now. They plan to release Radix in Q1 2018 or earlier if their progress goes well. There will be no ICO and no scams. They are releasing the real deal from day one. The ICO will be only if they want to do a big marketing campain and to bribe POS stores to accept it at their stores.
You can buy Radix tokens priced in Bitcoin directly from their integrated decentrallized exchange:
https://twitter.com/radixdlt
If you want to buy Radix, buy some bitcoins now and keep them for the moment when it goes live. You have to buy fast if you want to benefit from the interest payouts early on. Also remember, only invest as much as you can afford to lose. Do not invest your grandma's savings fund into this crap. We have no idea about this technology yet and it could also blow up in fire on the release day.
>>39744
well it's refreshing to see some original technology, working code, and no fucking ERC20 token or hyped-up ICO. I'll be keeping an eye on this too.
well it's refreshing to see some original technology, working code, and no fucking ERC20 token or hyped-up ICO. I'll be keeping an eye on this too.
AAAAAAAAAAAAAAAAAAAAAAAAAAA
Someone please help me complete my NiceHash mining quota. I was mining about 0.0004 BTC per day three weeks ago. Now because of the soaring BTC price while everything else crashes, I only get 0.00025 even though I've added another computer. I'm never going to reach the 0.01 needed for cashout.
Someone please help me complete my NiceHash mining quota. I was mining about 0.0004 BTC per day three weeks ago. Now because of the soaring BTC price while everything else crashes, I only get 0.00025 even though I've added another computer. I'm never going to reach the 0.01 needed for cashout.
>fell for the omg meme
i don't have any reason to care since i do not need that money but it is still annoying to see that shit drops.
i don't have any reason to care since i do not need that money but it is still annoying to see that shit drops.
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>>36210
In my opinion crypto is not a meme. It could bring an era of freedom to wizards because thanks to decentralization, we could fully become independent from the normie society and stop relying on centralized normie services.
Also meme or not, crypto is the most lucrative market to invest in right now. Personally I don't plan to be a wage slave for normies and actually enjoy my life in peace doing my things close to nature. So if crypto can make me rich, then it's great.
Sadly I missed the bitcoin and Ethereum train despite knowing about ETH when it was 10$.
Although I am still confident. I have tons invested in Bitbay. A coin that brings peer to peer decentralized marketplaces and trustless contracting. Basically, it permits to do commerce without relying on third parties (hence no useless contacts with normies) as it prevents scams thanks to self assurance contracts like double deposit escrows and a built in reputation system. It also fix a lot of problems of Bitcoin/Ethereum like PoW and security related problems, and also plan to become price stable (which is mandatory for consumer adoption and to ensure investors). Although, it will be price stable, it will still allow growth, just no dips. It will also be done in a decentralized manner in contrary to hard pegs to the US dollar like Tether and co. t has also a huge dark market potential, in addition to the mainstream market because it has anonymous private markets. Personally I think it will be a top coin in 2018 so I am accumulating while the price is low. Picture related why I am bullish on it.
Also regarding exchanges, I think they should not be trusted and your coins should be hold by yourself. Although decentralized exchanges are coming like Blocknet (which has a partnership with Bitbay by the way) so this is nice to see solutions are coming.
In my opinion crypto is not a meme. It could bring an era of freedom to wizards because thanks to decentralization, we could fully become independent from the normie society and stop relying on centralized normie services.
Also meme or not, crypto is the most lucrative market to invest in right now. Personally I don't plan to be a wage slave for normies and actually enjoy my life in peace doing my things close to nature. So if crypto can make me rich, then it's great.
Sadly I missed the bitcoin and Ethereum train despite knowing about ETH when it was 10$.
Although I am still confident. I have tons invested in Bitbay. A coin that brings peer to peer decentralized marketplaces and trustless contracting. Basically, it permits to do commerce without relying on third parties (hence no useless contacts with normies) as it prevents scams thanks to self assurance contracts like double deposit escrows and a built in reputation system. It also fix a lot of problems of Bitcoin/Ethereum like PoW and security related problems, and also plan to become price stable (which is mandatory for consumer adoption and to ensure investors). Although, it will be price stable, it will still allow growth, just no dips. It will also be done in a decentralized manner in contrary to hard pegs to the US dollar like Tether and co. t has also a huge dark market potential, in addition to the mainstream market because it has anonymous private markets. Personally I think it will be a top coin in 2018 so I am accumulating while the price is low. Picture related why I am bullish on it.
Also regarding exchanges, I think they should not be trusted and your coins should be hold by yourself. Although decentralized exchanges are coming like Blocknet (which has a partnership with Bitbay by the way) so this is nice to see solutions are coming.
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>>39771
The rate is falling daily thanks to the soaring BTC price, stagnating price of ZCash and Monero, and the increasing mining difficulty. I need help now.
If you want to cheer me on, look at https://www.nicehash.com/miner/16Lh4NbYtgjw8RseXxr3jogxQLEsz21eVM and in the unlikely event that anyone cares to help, download the NiceHash miner and point it at that address. 0.00347386 to go.
>>39741
We share typical Wizard luck. Losing while everyone else wins. This is my second attempt to obtain crytocurrency. In my first, I sent $30 which I accumulated through faucets to a defunct dice site. Never heard from them again. All of this is because I'm too shy to verify myself at an exchange.
The rate is falling daily thanks to the soaring BTC price, stagnating price of ZCash and Monero, and the increasing mining difficulty. I need help now.
If you want to cheer me on, look at https://www.nicehash.com/miner/16Lh4NbYtgjw8RseXxr3jogxQLEsz21eVM and in the unlikely event that anyone cares to help, download the NiceHash miner and point it at that address. 0.00347386 to go.
>>39741
We share typical Wizard luck. Losing while everyone else wins. This is my second attempt to obtain crytocurrency. In my first, I sent $30 which I accumulated through faucets to a defunct dice site. Never heard from them again. All of this is because I'm too shy to verify myself at an exchange.
>>39773
This is an interesting way to handle decentralized transactions. What I wonder is how they will handle "Darknet" style market transactions. Surely they aren't going to allow drugs to be sold in plain view if they intend to compete with more traditional online retailers in the long run?
This is an interesting way to handle decentralized transactions. What I wonder is how they will handle "Darknet" style market transactions. Surely they aren't going to allow drugs to be sold in plain view if they intend to compete with more traditional online retailers in the long run?
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>>39775
Pic related can answer you this question.
Officially they don't endorse dark markets (on the main public market as it is moderated to not have legal problems) but behind the hood, the software permits private marketplaces that can't be moderated and that are fully anonymous.
Pic related can answer you this question.
Officially they don't endorse dark markets (on the main public market as it is moderated to not have legal problems) but behind the hood, the software permits private marketplaces that can't be moderated and that are fully anonymous.
>>39776
Sounds good but aren't you afraid of getting murdered by glow-in-the-dark CIA agents? This could be some pretty potent software if it becomes mainstream, eBay is a shit
Sounds good but aren't you afraid of getting murdered by glow-in-the-dark CIA agents? This could be some pretty potent software if it becomes mainstream, eBay is a shit
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>>39777
I am not a dev of this project, just a bullish investor. Why target me among the many investors? They can't stop it anyway. It is open source. Crypto is literally unstoppable.
And yeah, this software could become the crypto ebay/amazon of our people. Hail decentralization!
By the way nice heavenly trips.
I am not a dev of this project, just a bullish investor. Why target me among the many investors? They can't stop it anyway. It is open source. Crypto is literally unstoppable.
And yeah, this software could become the crypto ebay/amazon of our people. Hail decentralization!
By the way nice heavenly trips.
>>39778
>bay
I'm heavily invested in crypto since a few years and BitBay has gotten my attention since the beginning of the project
It's actually one of my top 10 holds now, long term.
A very good technology built on good values, love it for that.
It perfectly follows the footsteps and will of what Satoshi nakamoto intended with bitcoin.
Rare to find in crypto nowadays
Looking forward to their rolling peg by the way, it will very probably make it go very popular in the crypto sector after that's released
>bay
I'm heavily invested in crypto since a few years and BitBay has gotten my attention since the beginning of the project
It's actually one of my top 10 holds now, long term.
A very good technology built on good values, love it for that.
It perfectly follows the footsteps and will of what Satoshi nakamoto intended with bitcoin.
Rare to find in crypto nowadays
Looking forward to their rolling peg by the way, it will very probably make it go very popular in the crypto sector after that's released
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>>39780
>>39781
Bitbay.net is a polish centralized exchange that uses the same brand name than the currency Bitbay but it has NOTHING to do with bitbay.market the currency that I am talking about.
OBVIOUSLY the polish exchange bitbay.net IS SHIT as it is small and centralized.
Do you have brain problems? You can clearly see it is not the same thing and that it has not the same logo. If you read what I wrote you would have understood right from the bat that it was not the project I was talking about.
Look at the damn logo wizanon. This is the bitbay I am talking about. Not some pajeet centralized exchange of the same name.
>>39781
Bitbay.net is a polish centralized exchange that uses the same brand name than the currency Bitbay but it has NOTHING to do with bitbay.market the currency that I am talking about.
OBVIOUSLY the polish exchange bitbay.net IS SHIT as it is small and centralized.
Do you have brain problems? You can clearly see it is not the same thing and that it has not the same logo. If you read what I wrote you would have understood right from the bat that it was not the project I was talking about.
Look at the damn logo wizanon. This is the bitbay I am talking about. Not some pajeet centralized exchange of the same name.
Anyone know a good discord for this? I wanna be in good ico's & coins. Or we could start one?
Get a couple of hundred dollars a day by lending USD to people on bitfinex… it's like 0.22% per day now
>>39805
That would amount to 80% interest per annum. You sure about that? This kind of ROI is something you cannot find anywhere other than loansharking and professional crime.
That would amount to 80% interest per annum. You sure about that? This kind of ROI is something you cannot find anywhere other than loansharking and professional crime.
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I'll never buy any crypto and I will continue wageslaving for the rest of my life like the loser that I am
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>>40089
they can if they have a receipt for how and when and from whom they bought it in the first place. At least on big exchanges they will require you.
they can if they have a receipt for how and when and from whom they bought it in the first place. At least on big exchanges they will require you.
I don't understand. Why would you want to exchange real money that you have in the physical world, for "money" that you can't hold and only exists as numbers on a computer? Why do these people act surprised when their government won't let them exchange their non-existent digital money for real money? Duhh, how stupid, what morons.
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>>40096
>>40100
yes yes, in "theory" you can
but i have yet to see anyone provide some actual timestamped proof
"we can cash out anytime bro" says the people who bought monopoly money with real money "we totally didnt buy into the hype from shills and fall for a get rich quick scheme like suckers"
i remember a post on 4chan /biz/ to buy etherium when it was $1, and i couldve bought at least a thousand, same with bitcoins when they were $10
the only winning move is not to play
>>40100
yes yes, in "theory" you can
but i have yet to see anyone provide some actual timestamped proof
"we can cash out anytime bro" says the people who bought monopoly money with real money "we totally didnt buy into the hype from shills and fall for a get rich quick scheme like suckers"
i remember a post on 4chan /biz/ to buy etherium when it was $1, and i couldve bought at least a thousand, same with bitcoins when they were $10
the only winning move is not to play
>>40105
/biz/ is a new board set up way after bitcoins were ten dollars. Like 2012 or 2013 iirc
/biz/ is a new board set up way after bitcoins were ten dollars. Like 2012 or 2013 iirc
>>40105
how many hours do you cry per day at the thought of having missed out on the biggest wealth revolution of your lifetime? you could literally be living the NEET dream right now if instead of talking shit about crypto you'd have bought it at the right time
how many hours do you cry per day at the thought of having missed out on the biggest wealth revolution of your lifetime? you could literally be living the NEET dream right now if instead of talking shit about crypto you'd have bought it at the right time
>>40105
There are banker chads who made fortunes with bitcoins. However, they were already rich when they started. They just transferred legit 100K from fiat into BTC when it was maybe 300$ and they made tenfold and more profits with pumping and dumping. They did this all on a legal exchange and in compliance with local laws. Your coins are worthless if you are not in compliance with laws because you will never be able to cash them out without raising suspicion.
You really can cash out any time but you will have to avoid legit exchanges and deal with sketchy people from localbitcoins or the darknet. Those who do legal business will require your ID card if your transaction could be suspected for money laundering. So basically you will either land in a database with other sketchy people or they will outright send the cops and tax bureau to your house door to save their own asses when the time comes.
Those people on LBC who do not require ID cards for large transfers will either give you drug money, counterfit notes or otherwise "hot" cash f.e. stolen cash. They will probably also land in jail for running an unlicensed money exchange.
Then your next problem comes: with your newly acquired cash, you can buy nothing of big value. Some countries have outlawed cash transactions for payments larger than 1000€. So you cannot even buy a new television, let alone a new sports car or house. Even if you managed to buy one, the next problem is that the tax bureau is gonna ask you at the end of the year where those funds came from in this transaction.
The only hope for BTC "millionaires" is that one day btc becomes exchangable in a kind of like amazon. Or maybe that governments introduce their own digital currencies and those become tradable at decentrallized exchanges. The alternative would be to migrate to another jurisdiction. Many 3rd world countries do not really enforce AML laws. Houses and cars are bought in cash and nobody asks questions if you buy a plot of land for USD 30K. However, you cannot just pack your bags and go to another country. You will have to apply for residency and they can still kick you out if they don't like you. Maybe this roger ver project will really come into life eventually and he might really create this libertarian bitcoinistan one day. Maybe they would take BTC refugees.
There are banker chads who made fortunes with bitcoins. However, they were already rich when they started. They just transferred legit 100K from fiat into BTC when it was maybe 300$ and they made tenfold and more profits with pumping and dumping. They did this all on a legal exchange and in compliance with local laws. Your coins are worthless if you are not in compliance with laws because you will never be able to cash them out without raising suspicion.
You really can cash out any time but you will have to avoid legit exchanges and deal with sketchy people from localbitcoins or the darknet. Those who do legal business will require your ID card if your transaction could be suspected for money laundering. So basically you will either land in a database with other sketchy people or they will outright send the cops and tax bureau to your house door to save their own asses when the time comes.
Those people on LBC who do not require ID cards for large transfers will either give you drug money, counterfit notes or otherwise "hot" cash f.e. stolen cash. They will probably also land in jail for running an unlicensed money exchange.
Then your next problem comes: with your newly acquired cash, you can buy nothing of big value. Some countries have outlawed cash transactions for payments larger than 1000€. So you cannot even buy a new television, let alone a new sports car or house. Even if you managed to buy one, the next problem is that the tax bureau is gonna ask you at the end of the year where those funds came from in this transaction.
The only hope for BTC "millionaires" is that one day btc becomes exchangable in a kind of like amazon. Or maybe that governments introduce their own digital currencies and those become tradable at decentrallized exchanges. The alternative would be to migrate to another jurisdiction. Many 3rd world countries do not really enforce AML laws. Houses and cars are bought in cash and nobody asks questions if you buy a plot of land for USD 30K. However, you cannot just pack your bags and go to another country. You will have to apply for residency and they can still kick you out if they don't like you. Maybe this roger ver project will really come into life eventually and he might really create this libertarian bitcoinistan one day. Maybe they would take BTC refugees.
>>40119
You must have some serious autism so spend so long writing these troll posts.
-typed on my $5k computer setup bought anonymously with litecoins
You must have some serious autism so spend so long writing these troll posts.
-typed on my $5k computer setup bought anonymously with litecoins
>>40119
>one day btc becomes exchangable in a kind of like amazon
https://purse.io/shop
>payment
https://bitpay.com/card/
That's a Bitcoin visa card, you can use that wherever visa is accepted. You can do the same with ETH too, there's a charge but it's like a buck and month for the ones I looked at.
Also, this isn't taxed by capital gains rates either if you hold your money in ETH/BTC for 2 years. I personally never plan on cashing out. I just but some USDT which tracks the dollar and hold it until the price drops.
Does it mean that you'll pay more or less for goods/services at times? Yeah. That's the point though, it's a different currency.
What's really going to shift things in the decentralized content providers, decentralized social media, decentralized internet, and decentralized exchanges. No one knows how ridiculous it's going to get, but there's good reason why everyone is hiring blockchain engineers and it's not just about cryptocurrency.
The blockchain itself is revolutionary simply because of the security it can provide. Cryptocurrencies are notable, and will remain notable, because any 11 year old can make his own crypto with it's own taxes and monetary policy. You had to be a nation to do that before. Now you can automate it.
>one day btc becomes exchangable in a kind of like amazon
https://purse.io/shop
>payment
https://bitpay.com/card/
That's a Bitcoin visa card, you can use that wherever visa is accepted. You can do the same with ETH too, there's a charge but it's like a buck and month for the ones I looked at.
Also, this isn't taxed by capital gains rates either if you hold your money in ETH/BTC for 2 years. I personally never plan on cashing out. I just but some USDT which tracks the dollar and hold it until the price drops.
Does it mean that you'll pay more or less for goods/services at times? Yeah. That's the point though, it's a different currency.
What's really going to shift things in the decentralized content providers, decentralized social media, decentralized internet, and decentralized exchanges. No one knows how ridiculous it's going to get, but there's good reason why everyone is hiring blockchain engineers and it's not just about cryptocurrency.
The blockchain itself is revolutionary simply because of the security it can provide. Cryptocurrencies are notable, and will remain notable, because any 11 year old can make his own crypto with it's own taxes and monetary policy. You had to be a nation to do that before. Now you can automate it.
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>>40119
>Some countries have outlawed cash transactions for payments larger than 1000€.
Damn, this is crazy, but I believe in you. Banning cash is actually pretty high on the wishlist of any government, which is why crypto comes to bite them in the ass. There's nothing more they wish than control how people trade because that gives them the power over life and death, literally.
>Some countries have outlawed cash transactions for payments larger than 1000€.
Damn, this is crazy, but I believe in you. Banning cash is actually pretty high on the wishlist of any government, which is why crypto comes to bite them in the ass. There's nothing more they wish than control how people trade because that gives them the power over life and death, literally.
Honestly bitcoins should be forbidden. Any random schmuck drug addict can play the game and win by sheer luck. While for stock markets you are expected to have done studies about it if you want to make it worthwhile.do you guys find it normal that losers anime posters on 4chan can acquire thousands (even if cashing out is a meme too)? I'd rather have everybody wagecuck than having lovers who never worked in their entire life get the equivalent of a monthly pay in 2 days. Bitcoin is just gonna increase inequalities even more.
>>40149
Bitcoin makes more sense to me than having brokers playing around with the value of a ton of wheat, cotton or anything along those lines.
At least, when the bitcoin bubble will burst, governments won't be pouring money into it in order to keep its value afloat.
Bitcoin makes more sense to me than having brokers playing around with the value of a ton of wheat, cotton or anything along those lines.
At least, when the bitcoin bubble will burst, governments won't be pouring money into it in order to keep its value afloat.
>>40148
With the way disability and such programs operate the future of money is going to be a lot more 'give you a little, so that you can live on little' than 'work for little money with a lot of stress'.
This is just the transition to that sort of world, where money won't matter as much anymore because you'll be heavily restricted on what you can buy and when.
I don't think people understand that a public ledger essentially allows you to tie identity to all economic activity. You'll have a blockchain ID, you'll need to disclose all purchases. There will be home audits to make sure you're not hiding goods. It's not going to be a better world in my view, the government didn't like torrents but they ate that shit because like it or not it was too harmless. This is pretty much abrogating their power over monetary policy, taxes, etc. It's pure mayhem, and it'll be allowed because freedom.
Meanwhile you're just worried about some poor guy making some cash. It won't do him much good in the future we're heading towards.
With the way disability and such programs operate the future of money is going to be a lot more 'give you a little, so that you can live on little' than 'work for little money with a lot of stress'.
This is just the transition to that sort of world, where money won't matter as much anymore because you'll be heavily restricted on what you can buy and when.
I don't think people understand that a public ledger essentially allows you to tie identity to all economic activity. You'll have a blockchain ID, you'll need to disclose all purchases. There will be home audits to make sure you're not hiding goods. It's not going to be a better world in my view, the government didn't like torrents but they ate that shit because like it or not it was too harmless. This is pretty much abrogating their power over monetary policy, taxes, etc. It's pure mayhem, and it'll be allowed because freedom.
Meanwhile you're just worried about some poor guy making some cash. It won't do him much good in the future we're heading towards.
>>40148
You're wrong about the stock market. The stock market is JUST like bitcoin. Actually it's far, far worse. You don't need an education to win at it, you need to be lucky since it's gambling for the rich.
They've started incorporating stock market practices into bitcoin trading like trading futures and derivatives and all that other stock market bullshit. All these things makes profits go up but they cause shit to crash fucking hard.
My view is that it doesn't matter if you make 2 million in 20 years if on year 20 you lose 5 million.
You're wrong about the stock market. The stock market is JUST like bitcoin. Actually it's far, far worse. You don't need an education to win at it, you need to be lucky since it's gambling for the rich.
They've started incorporating stock market practices into bitcoin trading like trading futures and derivatives and all that other stock market bullshit. All these things makes profits go up but they cause shit to crash fucking hard.
My view is that it doesn't matter if you make 2 million in 20 years if on year 20 you lose 5 million.
>>40148
>Bitcoin is just gonna increase inequalities even more.
Yeah that much is obvious. Reminds me of that shill who made a thread on lounge telling he allegedly became a millionaire, by gambling with his 100k savings…
>Bitcoin is just gonna increase inequalities even more.
Yeah that much is obvious. Reminds me of that shill who made a thread on lounge telling he allegedly became a millionaire, by gambling with his 100k savings…
>>40161
>The stock market is JUST like bitcoin. Actually it's far, far worse. You don't need an education to win at it, you need to be lucky since it's gambling for the rich.
You obviously know nothing about the stock market.
>The stock market is JUST like bitcoin. Actually it's far, far worse. You don't need an education to win at it, you need to be lucky since it's gambling for the rich.
You obviously know nothing about the stock market.
>>40164
Forex and margin trading are pure gamble for small investors. Safe investments would net you very little returns. Maybe you can afford your hip surgery at 60 years old.
>>40148
Stock markets are under the control of big firms with huge capital which has thousands of wagecuck working for them. You can not compete with them without enough time and money no matter how knowledgable you are.
Goverments can not ban crypto without banning the whole internet and even then they cannot decrypt blockchains without private keys. They can ban exchanges like China did though public decentralized exchanges can counter that problem. And i do not see how small investors getting a fighting chance would increase inequalities.
Forex and margin trading are pure gamble for small investors. Safe investments would net you very little returns. Maybe you can afford your hip surgery at 60 years old.
>>40148
Stock markets are under the control of big firms with huge capital which has thousands of wagecuck working for them. You can not compete with them without enough time and money no matter how knowledgable you are.
Goverments can not ban crypto without banning the whole internet and even then they cannot decrypt blockchains without private keys. They can ban exchanges like China did though public decentralized exchanges can counter that problem. And i do not see how small investors getting a fighting chance would increase inequalities.
>>40167
They're not "investors" they're fucking kids. There are minors who didnt finish college who got into it and think they're hot shit. Essentially it's gambling. My country has fucked casinos since 30 years but apparently it's ok that any loser can make money online without producing any labor value.
This is the kind of thing that make me want to have Muslims conquer your country and slap some sense into you.
Now please fuck off back to mining I'm tired of reading money related threads on wiz
They're not "investors" they're fucking kids. There are minors who didnt finish college who got into it and think they're hot shit. Essentially it's gambling. My country has fucked casinos since 30 years but apparently it's ok that any loser can make money online without producing any labor value.
This is the kind of thing that make me want to have Muslims conquer your country and slap some sense into you.
Now please fuck off back to mining I'm tired of reading money related threads on wiz
>>40169
>referring to other people as losers
>giving a crap about labor value or society
>muh muslims
Holy shit poltard invasion is real.
>referring to other people as losers
>giving a crap about labor value or society
>muh muslims
Holy shit poltard invasion is real.
>>40167
>Safe investments would net you very little returns
You don't invest in the stock market to become rich. You invest in the stock market to allow your wealth to grow with the economy, as opposed to stagnating with inflation in a bank account.
>You can not compete with them without enough time and money no matter how knowledgeable you are.
It's actually easier for a single person with a relatively small amount of money to beat the returns of investment banks. Most of these big firms are making an average 10% returns on their investment every year. They need to play things incredibly safe with massive hedge funds, and large diversification in different areas, since they are working with huge amounts of money, a lot of which isn't theirs. However, an individual investor can invest their cash in a handful of high growth stocks to net much larger returns.
>Governments can not ban crypto without banning the whole internet and even then they cannot decrypt blockchains without private keys
I thought the main value of crypto lay in the hope that in might one day be used as an official currency? Governments may not be able to literally ban crypto, but they sure as hell have the power to make it almost worthless.
>Safe investments would net you very little returns
You don't invest in the stock market to become rich. You invest in the stock market to allow your wealth to grow with the economy, as opposed to stagnating with inflation in a bank account.
>You can not compete with them without enough time and money no matter how knowledgeable you are.
It's actually easier for a single person with a relatively small amount of money to beat the returns of investment banks. Most of these big firms are making an average 10% returns on their investment every year. They need to play things incredibly safe with massive hedge funds, and large diversification in different areas, since they are working with huge amounts of money, a lot of which isn't theirs. However, an individual investor can invest their cash in a handful of high growth stocks to net much larger returns.
>Governments can not ban crypto without banning the whole internet and even then they cannot decrypt blockchains without private keys
I thought the main value of crypto lay in the hope that in might one day be used as an official currency? Governments may not be able to literally ban crypto, but they sure as hell have the power to make it almost worthless.
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>>40169
>it's ok that any loser can make money online without producing any labor value.
Butthurt normalshit detected. Keep deluding yourself into thinking you're not a fucking loser for slaving away at some shit job for the rest of your life.
>it's ok that any loser can make money online without producing any labor value.
Butthurt normalshit detected. Keep deluding yourself into thinking you're not a fucking loser for slaving away at some shit job for the rest of your life.
>>40174
>>40175
>>40176
I think you guys are missing his point. He isn't attacking NEETs or Wizards. I don't think it is wrong to say that a lot of crypto traders are young people who don't really understand what they are doing. I do not think it is such a far flung comparison to compare a lot of these traders (judging from what I have seen on chans and reddit) to a bunch of gung-ho college age kids who think they are exceptionally brilliant for having struck digital gold with crypto, when in fact that digital gold is a dumpster waiting for a match to thrown on it.
The only point I want to get across is that crypto isn't an investment. It's a speculative play, and any money made from is luck, and from bigger idiots who bought higher than you. Go ahead and gamble on it, but don't be conceited about it.
>>40175
>>40176
I think you guys are missing his point. He isn't attacking NEETs or Wizards. I don't think it is wrong to say that a lot of crypto traders are young people who don't really understand what they are doing. I do not think it is such a far flung comparison to compare a lot of these traders (judging from what I have seen on chans and reddit) to a bunch of gung-ho college age kids who think they are exceptionally brilliant for having struck digital gold with crypto, when in fact that digital gold is a dumpster waiting for a match to thrown on it.
The only point I want to get across is that crypto isn't an investment. It's a speculative play, and any money made from is luck, and from bigger idiots who bought higher than you. Go ahead and gamble on it, but don't be conceited about it.
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>>40183
What logic are you using to make a slight against cryptotraders be an insult towards NEETs and Wizards?
What logic are you using to make a slight against cryptotraders be an insult towards NEETs and Wizards?
>>40174
>>40175
>>40176
I am not defending anything. But from my point of view, you should become rich if you :
-Without much education, Worked hard and long in a sector until you acquired the skills to go for a higher rank in that sector
-Having done long studies , 5years+ that got you into a nice paying job
-taking the risk to create a business (which is much more expensive and dangerous than investing in bitcoin , for example a restaurant can go up to 200k)
and then we have those guys who out of the blue invest in some monopoly money shit and become rich. I say its unfair.
>>40175
>>40176
I am not defending anything. But from my point of view, you should become rich if you :
-Without much education, Worked hard and long in a sector until you acquired the skills to go for a higher rank in that sector
-Having done long studies , 5years+ that got you into a nice paying job
-taking the risk to create a business (which is much more expensive and dangerous than investing in bitcoin , for example a restaurant can go up to 200k)
and then we have those guys who out of the blue invest in some monopoly money shit and become rich. I say its unfair.
>>40186
Then there's those guys who were born rich, which is well deserved since everyone gets to choose their parents, right? Not to mention those who are born more intelligent, with more willpower and so on, all rightfully so since everyone gets to choose genes in a RPG-like menu before being conceived.
Life isn't fair, you even said "taking the risk", which means risking losing everything even if you worked harder and smarter than everyone. Whatever, just stop talking about fairness in a world where such a thing doesn't actually exist. If they happened to get lucky, so many other people did too while others drew the short straw. It's not them getting rich that bothers me, it's when they get conceited, but the same is for everyone else. People who pat themselves on the back for being lucky in one way or another.
Then there's those guys who were born rich, which is well deserved since everyone gets to choose their parents, right? Not to mention those who are born more intelligent, with more willpower and so on, all rightfully so since everyone gets to choose genes in a RPG-like menu before being conceived.
Life isn't fair, you even said "taking the risk", which means risking losing everything even if you worked harder and smarter than everyone. Whatever, just stop talking about fairness in a world where such a thing doesn't actually exist. If they happened to get lucky, so many other people did too while others drew the short straw. It's not them getting rich that bothers me, it's when they get conceited, but the same is for everyone else. People who pat themselves on the back for being lucky in one way or another.
>>40188
that's why i said bitcoins will increase inequalities even more.
there's already unfairness, we don't need to add another layer of dice roll in our society
bitcoins are bringing hardcore liberalism and speculation in every country and the governements dont even realize it and say it's all good.
i'll be there to laugh when the bubble crash.
that's why i said bitcoins will increase inequalities even more.
there's already unfairness, we don't need to add another layer of dice roll in our society
bitcoins are bringing hardcore liberalism and speculation in every country and the governements dont even realize it and say it's all good.
i'll be there to laugh when the bubble crash.
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>>40186
>I say its unfair.
You should understand that this is an ugly aspect of being a human, caused by jealousy and frustration, due to the fact that you believed what you were told by society about becoming rich.
You fell for it and took the long road towards your goal; now that you see other people take shortcuts, you want to drag them down with you. What would you gain personally if you succeded at that and they all lost money though?
I'm also a nocoiner. For the money that I've saved up during the past year of slavery by living frugally I could barely afford like 0.4 BTC at the moment, so I kind of understand your bitterness, as it makes all that labor seem worthless. The wizards who got rich with cryptocurrencies aren't at fault though. I think it's great that they did and it's not just rich who are getting richer.
Even though I see no value in Bitcoin personally, I'm pretty sure that its price will continue to climb until even like 100 grand per BTC. At this point even a major dip will have little consequence in the long term simply because how "mainstream" it's become. I'm not sure however if I'm ever gonna make the first step and buy some for myself though.
>I say its unfair.
You should understand that this is an ugly aspect of being a human, caused by jealousy and frustration, due to the fact that you believed what you were told by society about becoming rich.
You fell for it and took the long road towards your goal; now that you see other people take shortcuts, you want to drag them down with you. What would you gain personally if you succeded at that and they all lost money though?
I'm also a nocoiner. For the money that I've saved up during the past year of slavery by living frugally I could barely afford like 0.4 BTC at the moment, so I kind of understand your bitterness, as it makes all that labor seem worthless. The wizards who got rich with cryptocurrencies aren't at fault though. I think it's great that they did and it's not just rich who are getting richer.
Even though I see no value in Bitcoin personally, I'm pretty sure that its price will continue to climb until even like 100 grand per BTC. At this point even a major dip will have little consequence in the long term simply because how "mainstream" it's become. I'm not sure however if I'm ever gonna make the first step and buy some for myself though.
>>40173
Yes and no. Every crypto has a whitepaper and has a different use case. Most of them would fail but some will succeed. There are already governments, banks and corporations willing to work with cryto. Ripple , Ethereum and Omisego are good examples. Japan, Singapore, Thailand, Scandinavian countries are crypto friendly while China, Vietnam, Bangladesh etc are not. It is a matter of policy…
Yes and no. Every crypto has a whitepaper and has a different use case. Most of them would fail but some will succeed. There are already governments, banks and corporations willing to work with cryto. Ripple , Ethereum and Omisego are good examples. Japan, Singapore, Thailand, Scandinavian countries are crypto friendly while China, Vietnam, Bangladesh etc are not. It is a matter of policy…
>>40180
>crypto is not an investment, it is a speculative play and gambling
You really don't understand what are investments. Crypto is not less of an investment than any other kinds of investments. As with any investment, it is gambling only if you don't understand the tech and invest in it randomly.
Also the guy IS attacking neets and wizards. He thinks it is not ok for young people to make money without wage slaving, yet he thinks it is totally normal for big guys like govs, institutional bankers/traders to make tons of money on the back of the people. The fucker is defending normalfags so hard.
>>40186
>then we have those guys who out of the blue invest in some monopoly money shit and become rich. I say its unfair
"Monopoly money"? You don't even know what you are talking about.
"Unfair"? Smart investments are unfair? Some can get lucky (which is not a problem as it is a minority) but there are a lot of people digging infos to find good investments. Nothing wrong.
>defending the working hard meme
You're a fucking normalfag. Enjoy your wage slaving.
>>40189
>crypto will increase unfairness
Decentralization will increase fairness. What is unfair is govs and the finance system that is constantly cucking you through centralization. You really talk like a fucking normie.
>i'll be there to laugh when the bubble crash.
Laugh at how retarded you are for not having made good money right? Anyway Bitcoin is technologically shit so I hope it will crash. The future is in altcoins that has superior tech.
>crypto is not an investment, it is a speculative play and gambling
You really don't understand what are investments. Crypto is not less of an investment than any other kinds of investments. As with any investment, it is gambling only if you don't understand the tech and invest in it randomly.
Also the guy IS attacking neets and wizards. He thinks it is not ok for young people to make money without wage slaving, yet he thinks it is totally normal for big guys like govs, institutional bankers/traders to make tons of money on the back of the people. The fucker is defending normalfags so hard.
>>40186
>then we have those guys who out of the blue invest in some monopoly money shit and become rich. I say its unfair
"Monopoly money"? You don't even know what you are talking about.
"Unfair"? Smart investments are unfair? Some can get lucky (which is not a problem as it is a minority) but there are a lot of people digging infos to find good investments. Nothing wrong.
>defending the working hard meme
You're a fucking normalfag. Enjoy your wage slaving.
>>40189
>crypto will increase unfairness
Decentralization will increase fairness. What is unfair is govs and the finance system that is constantly cucking you through centralization. You really talk like a fucking normie.
>i'll be there to laugh when the bubble crash.
Laugh at how retarded you are for not having made good money right? Anyway Bitcoin is technologically shit so I hope it will crash. The future is in altcoins that has superior tech.
>>40196
what is useful in crypto coins?
in the real world, the price of a currency in regard to other currencies is regulated. you can't buy a billion USD-dollars and hold it and this way, rise the price of USD. the central bank will dump more dollars to the market if you do so.
this way the central bank protects others. if a product price is $1, it will be $1 next day.
in case of crypto currency, there is no central authority and this type of schemes are not prohibited. does not this make the currency useless for trading?
you can't be sure that 1 coin product will be 1 coin next day.
there is no relation to work. $20 is 1 hour of work of a human.
how many coins is 1 hour of work?
again, today it is 1 coin, tomorrow, if i buy and hold lots of coins, what will be the cost of 1 hour of work?
what is useful in crypto coins?
in the real world, the price of a currency in regard to other currencies is regulated. you can't buy a billion USD-dollars and hold it and this way, rise the price of USD. the central bank will dump more dollars to the market if you do so.
this way the central bank protects others. if a product price is $1, it will be $1 next day.
in case of crypto currency, there is no central authority and this type of schemes are not prohibited. does not this make the currency useless for trading?
you can't be sure that 1 coin product will be 1 coin next day.
there is no relation to work. $20 is 1 hour of work of a human.
how many coins is 1 hour of work?
again, today it is 1 coin, tomorrow, if i buy and hold lots of coins, what will be the cost of 1 hour of work?
>>40198
You're objectively wrong about everything in this post.
The central banks print money to benefit themselves. It only drops the value, so *cannot* benefit anybody else.
>you can't be sure that 1 coin product will be 1 coin next day.
wtf? 1 BTC = 1 BTC, always. Fiat currency is no different. In many poorer countries they have suffered extremely volatile value losses so there is no reliable protection.
>there is no relation to work. $20 is 1 hour of work of a human.
100 years ago what was it, $1 was 1 hour of work?
You're objectively wrong about everything in this post.
The central banks print money to benefit themselves. It only drops the value, so *cannot* benefit anybody else.
>you can't be sure that 1 coin product will be 1 coin next day.
wtf? 1 BTC = 1 BTC, always. Fiat currency is no different. In many poorer countries they have suffered extremely volatile value losses so there is no reliable protection.
>there is no relation to work. $20 is 1 hour of work of a human.
100 years ago what was it, $1 was 1 hour of work?
>>40198
>what is useful in crypto coins?
What is useful about pieces of paper which are stamped with some ink? Which have no certain scarcity and can be printed indefinitely until hyperinflation completely erases all value? Scarcity and ability to transfer across the world without a trusted third party makes crypto better stores of value and better currencies.
>what is useful in crypto coins?
What is useful about pieces of paper which are stamped with some ink? Which have no certain scarcity and can be printed indefinitely until hyperinflation completely erases all value? Scarcity and ability to transfer across the world without a trusted third party makes crypto better stores of value and better currencies.
>>40196
Most of bitcoin users are a bunch of college kids who LARP as actual stock traders
Let's see how it ends
Most of bitcoin users are a bunch of college kids who LARP as actual stock traders
Let's see how it ends
>>40199
the central bank has currency reserves.
fro example, in Russia, the central bank was trying to keep the exchange rate between USD and Ruble.
the USD/Ruble ratio goes up, the bank start selling dollars from the reserves, the USD/ruble ratio goes down.
the price of things depends on exchange rates. some manufacturing is done in US, it means you need to pay in USD for manufacturing.
for trading, you need to keep the ratio stable.
forget about currency to currency exchanges.
for example,
you want to buy apples for profit. 1 btc per 100 tones. you want to know, how much will you profit after selling the apples?
so you calculated that you will have some profit after selling the apples. but after a few months, the 100 tones of apples now cost 1/100 btc.
why? may be there is not enough btc's. may be someone is speculating. the price of things goes down each day.
if btc price goes up, the price of things goes down.
you can't sell your apples anymore for the price you expected.
the central bank has currency reserves.
fro example, in Russia, the central bank was trying to keep the exchange rate between USD and Ruble.
the USD/Ruble ratio goes up, the bank start selling dollars from the reserves, the USD/ruble ratio goes down.
the price of things depends on exchange rates. some manufacturing is done in US, it means you need to pay in USD for manufacturing.
for trading, you need to keep the ratio stable.
forget about currency to currency exchanges.
for example,
you want to buy apples for profit. 1 btc per 100 tones. you want to know, how much will you profit after selling the apples?
so you calculated that you will have some profit after selling the apples. but after a few months, the 100 tones of apples now cost 1/100 btc.
why? may be there is not enough btc's. may be someone is speculating. the price of things goes down each day.
if btc price goes up, the price of things goes down.
you can't sell your apples anymore for the price you expected.
>>40202
i did not explain something…
ok. you bought 100 tones of apples for 1 btc, but now 100 tones is 1/100 btc.
what is bad about this?
may be it is ok. it means that the price of everything else went down too. so even if you sell your apples for 1/100, it is ok.
but here is a problem. you need to transport the apples from the garden to supermarkets. and you've made an agreement with transportation company that you will pay them 1 btc after you sell the apples.
now you can't sell the apples for 1/100 btc. if you do so and pay the transportation company, you will make negative profit.
i did not explain something…
ok. you bought 100 tones of apples for 1 btc, but now 100 tones is 1/100 btc.
what is bad about this?
may be it is ok. it means that the price of everything else went down too. so even if you sell your apples for 1/100, it is ok.
but here is a problem. you need to transport the apples from the garden to supermarkets. and you've made an agreement with transportation company that you will pay them 1 btc after you sell the apples.
now you can't sell the apples for 1/100 btc. if you do so and pay the transportation company, you will make negative profit.
>>40186
but it was not unfair my friend.
Back in 2011 I was reading and researching every single source on btc I could find while other people were busy getting doped up and doing their normie stuff. If you want to get rich, you need to get off of your ass and risk something. Looking at the sun won't make you rich in any scenario. People who invested in coins early did not do it by accident. They investigated and took a risk. Now their taken risks and years of hodling and believing have been rewarded.
So if you want to get rich, you need to start investigating now in new technologies and find something that has a promising future that normies cannot see yet.
>>40180
Every single action in life is risky. You can open a takeaway stand and go bankrupt in 3 months. Or this stand can make you a millionaire. The thing here is to calculate the risk and only take a risk if you can afford to lose everything.
>>40198
>what is useful in crypto coins?
you can transact assets worth USD 1 trillion in 10 minutes to the other side of the planet and nobody can stop this transaction. You can put assets worth 10 billion on a USB drive and cross the border with it and nobody can know what you are transporting if encrypted properly. No banker can freeze your account and you do not have to give anyone your passport to open an account. Just install a program and you have access to banking. The world needs banking but it does not need banks nor bankers. Digital currencies are giving people their financial freedom back.
>in the real world, the price of a currency in regard to other currencies is regulated.
and this is why people will avoid it. Every single government-issued product or service has 2 general trends no matter what country it is located in:
- it gets more expensive with time
- quality drops with time
"regulation" is shit anyways. I don't need rulecucks to tell me what I can do and what not.
>you can't buy a billion USD-dollars and hold it and this way, rise the price of USD. the central bank will dump more dollars to the market if you do so.
inflation is theft. They call it "regulation" but in fact they are stealing the fruits of your hard work
>this way the central bank protects others. if a product price is $1, it will be $1 next day.
what is the definition of 1$? As you already mentionned, Inflation eats away the worth of "stable" currencies while "unstable" currencies like bitcoin add to the purchasing power of the saver. I want to remind you that BTC was the best performing asset of year 2013, 2015, 2016 and currently 2017.
>in case of crypto currency, there is no central authority
thank god there are none.
>you can't be sure that 1 coin product will be 1 coin next day.
If you buy 100 bitcoins in year 2010, they will still be 100 bitcoins in year 2020. Conversion rate will of course vary but your coins will not magically evaporate
>there is no relation to work. $20 is 1 hour of work of a human. how many coins is 1 hour of work?
fiat currencies are not tied to human labour either. I do not understand this argument. BTC has been the best storage for your savings in years 2013, 2015, 2016 and currently 2017. Value appreciated.
>again, today it is 1 coin, tomorrow, if i buy and hold lots of coins, what will be the cost of 1 hour of work?
1 btc will always be 1 btc. How many USD you charge for your work is your own problem and it has nothing to do with BTC
but it was not unfair my friend.
Back in 2011 I was reading and researching every single source on btc I could find while other people were busy getting doped up and doing their normie stuff. If you want to get rich, you need to get off of your ass and risk something. Looking at the sun won't make you rich in any scenario. People who invested in coins early did not do it by accident. They investigated and took a risk. Now their taken risks and years of hodling and believing have been rewarded.
So if you want to get rich, you need to start investigating now in new technologies and find something that has a promising future that normies cannot see yet.
>>40180
Every single action in life is risky. You can open a takeaway stand and go bankrupt in 3 months. Or this stand can make you a millionaire. The thing here is to calculate the risk and only take a risk if you can afford to lose everything.
>>40198
>what is useful in crypto coins?
you can transact assets worth USD 1 trillion in 10 minutes to the other side of the planet and nobody can stop this transaction. You can put assets worth 10 billion on a USB drive and cross the border with it and nobody can know what you are transporting if encrypted properly. No banker can freeze your account and you do not have to give anyone your passport to open an account. Just install a program and you have access to banking. The world needs banking but it does not need banks nor bankers. Digital currencies are giving people their financial freedom back.
>in the real world, the price of a currency in regard to other currencies is regulated.
and this is why people will avoid it. Every single government-issued product or service has 2 general trends no matter what country it is located in:
- it gets more expensive with time
- quality drops with time
"regulation" is shit anyways. I don't need rulecucks to tell me what I can do and what not.
>you can't buy a billion USD-dollars and hold it and this way, rise the price of USD. the central bank will dump more dollars to the market if you do so.
inflation is theft. They call it "regulation" but in fact they are stealing the fruits of your hard work
>this way the central bank protects others. if a product price is $1, it will be $1 next day.
what is the definition of 1$? As you already mentionned, Inflation eats away the worth of "stable" currencies while "unstable" currencies like bitcoin add to the purchasing power of the saver. I want to remind you that BTC was the best performing asset of year 2013, 2015, 2016 and currently 2017.
>in case of crypto currency, there is no central authority
thank god there are none.
>you can't be sure that 1 coin product will be 1 coin next day.
If you buy 100 bitcoins in year 2010, they will still be 100 bitcoins in year 2020. Conversion rate will of course vary but your coins will not magically evaporate
>there is no relation to work. $20 is 1 hour of work of a human. how many coins is 1 hour of work?
fiat currencies are not tied to human labour either. I do not understand this argument. BTC has been the best storage for your savings in years 2013, 2015, 2016 and currently 2017. Value appreciated.
>again, today it is 1 coin, tomorrow, if i buy and hold lots of coins, what will be the cost of 1 hour of work?
1 btc will always be 1 btc. How many USD you charge for your work is your own problem and it has nothing to do with BTC
>>40203
this is a problem that does not come from btc but from the apple market. If you as a farmer cannot know how much worth a tonne of apples will have in a few months, then you have to hedge against risks. This has nothing to do with BTC but more that the individual in question is a lousy business man who cannot calculate his own costs and anticipate how the apple market will develop in the short term.
this is a problem that does not come from btc but from the apple market. If you as a farmer cannot know how much worth a tonne of apples will have in a few months, then you have to hedge against risks. This has nothing to do with BTC but more that the individual in question is a lousy business man who cannot calculate his own costs and anticipate how the apple market will develop in the short term.
>>40217
sorry for my English.
inflation can be caused by many events/activities.
https://en.wikipedia.org/wiki/Inflation#Causes
it is useful to know what dangers are there.
here is the doc titled: Does Central Bank Intervention
Stabilize Foreign Exchange Rates?
https://www.kansascityfed.org/PUBLICAT/ECONREV/PDF/1Q96BONS.pdf
it is to know what type of manipulations are possible. the first document i found on the net.
1 btc will always be 1 btc, but it is important to know what can i do with it. what can i do with it today and after a year.
sorry for my English.
inflation can be caused by many events/activities.
https://en.wikipedia.org/wiki/Inflation#Causes
it is useful to know what dangers are there.
here is the doc titled: Does Central Bank Intervention
Stabilize Foreign Exchange Rates?
https://www.kansascityfed.org/PUBLICAT/ECONREV/PDF/1Q96BONS.pdf
it is to know what type of manipulations are possible. the first document i found on the net.
1 btc will always be 1 btc, but it is important to know what can i do with it. what can i do with it today and after a year.
>>40217
Crypto isn't as 'free' of the system as you think it is.
In fact, it's just smaller and more localized now. Any crypto is a monetary system, a system of law written in code, a tax system, an interest system, and a transaction system all rolled up into one. Who controls this? The miners, whoever's behind the code, whoever designed the crypto. You have to get better at code just to plan on fair grounds. Right now we have plenty of incentive for hackers to find every single way around the net to get your crypto, and ever crypto is a different monetary policy/tax system(mining/transaction fees).
With Bitcoin, it's hoarded by the chinese who have the most real-world electricity not being used at any one time. This is the problem with Proof of Work as a system, and Proof of Stake will have it's own issues. These are just two systems for crypto. We're not getting into the value comparisons between something like monero or LTC or any of the coins that basically exists as a manipulated market by whales like ARK or ETC. There isn't much of a plan for these currencies, it's just, money flooded into them and people trade into and out of them.
Of course, this doesn't mean don't be in crypto. It's just, don't expect this to snap the world in half anytime soon. There's way too much uncertainty and lack of consumer adoption. Everyone is sold on blockchain, not everyone is sold on these cryptoassets.
They will be around, and they will gain traction, but there isn't that many people in the space that seems to understand that there needs to be sustainable value to the whole system. Blockstack and decentralized banking/exchanges are great, but they don't have ease of use or approval from corporations and (most)governments because they don't like where this is going.
If you're right, it's the torrent era again this time with money and who the fuck knows what that looks like.
If I'm right, it's a bit fat nothing for the next 30 years then it's 'revolutionary'. I wouldn't be surprised if before Trump is out of office that it becomes something ridiculous, but my instinct tells me that this isn't the case.
Crypto isn't as 'free' of the system as you think it is.
In fact, it's just smaller and more localized now. Any crypto is a monetary system, a system of law written in code, a tax system, an interest system, and a transaction system all rolled up into one. Who controls this? The miners, whoever's behind the code, whoever designed the crypto. You have to get better at code just to plan on fair grounds. Right now we have plenty of incentive for hackers to find every single way around the net to get your crypto, and ever crypto is a different monetary policy/tax system(mining/transaction fees).
With Bitcoin, it's hoarded by the chinese who have the most real-world electricity not being used at any one time. This is the problem with Proof of Work as a system, and Proof of Stake will have it's own issues. These are just two systems for crypto. We're not getting into the value comparisons between something like monero or LTC or any of the coins that basically exists as a manipulated market by whales like ARK or ETC. There isn't much of a plan for these currencies, it's just, money flooded into them and people trade into and out of them.
Of course, this doesn't mean don't be in crypto. It's just, don't expect this to snap the world in half anytime soon. There's way too much uncertainty and lack of consumer adoption. Everyone is sold on blockchain, not everyone is sold on these cryptoassets.
They will be around, and they will gain traction, but there isn't that many people in the space that seems to understand that there needs to be sustainable value to the whole system. Blockstack and decentralized banking/exchanges are great, but they don't have ease of use or approval from corporations and (most)governments because they don't like where this is going.
If you're right, it's the torrent era again this time with money and who the fuck knows what that looks like.
If I'm right, it's a bit fat nothing for the next 30 years then it's 'revolutionary'. I wouldn't be surprised if before Trump is out of office that it becomes something ridiculous, but my instinct tells me that this isn't the case.
File: 1510241724773.png (11.19 KB, 200x200, 1:1, iexecrlc.png) ImgOps iqdb
alright guys, this is one of the last extremely undervalued gems in the cryptomarket right now.
iexec RLC
> the Airbnb of cloud computing
> french-chinese project (offices in Lyon and HK)
> 3 Phd in computer-science with background in distributed computing
> founders are former scientists study in the distributed computing since 15 years (cf. Gilles Fedak and Haiku He on Google Scholar)
> team designed grid computing softwares used in scientific research (Bitdew, XtremWeb-HEP, and authored several algorithm in the field
> sponsored by the CNRS, Chinese Academy of Science, Tsingua university and INRIA
> supported by the french state (part of the NETVA program)
> member of the EEA
> released their product (the V1) at the Devcon3 the 3rd of November
> did an AMA on reddit the 8th of November
> focused on providing off-chain computing power to Dapps and a range of other fields at term (finance, research, VR, etc…)
> works one an innovant PoCo (Proof of Contribution algorithm)
> business contacts with IBM and microsoft
> RLC (the token) is used for staking and payment
> 90% of the tokens already in circulation
> already on Bittrex, HitBTC, Liqui and Upbitary
UPCOMING ROADMAP'S MILESTONES:
> will release the first decentralized app store by mid december
> immediately after the dapp store will go live there will be a dapp development challenge to grow the iexec platform ecosystem
> team will talk at a big supercomputing\cloud computing conference in denver, colorado
> marketing firm has just been hired and they'll start to target both developer and investor communities
> in the first weeks of december the chinese website will be launched
jump in now or FOMO later
iexec RLC
> the Airbnb of cloud computing
> french-chinese project (offices in Lyon and HK)
> 3 Phd in computer-science with background in distributed computing
> founders are former scientists study in the distributed computing since 15 years (cf. Gilles Fedak and Haiku He on Google Scholar)
> team designed grid computing softwares used in scientific research (Bitdew, XtremWeb-HEP, and authored several algorithm in the field
> sponsored by the CNRS, Chinese Academy of Science, Tsingua university and INRIA
> supported by the french state (part of the NETVA program)
> member of the EEA
> released their product (the V1) at the Devcon3 the 3rd of November
> did an AMA on reddit the 8th of November
> focused on providing off-chain computing power to Dapps and a range of other fields at term (finance, research, VR, etc…)
> works one an innovant PoCo (Proof of Contribution algorithm)
> business contacts with IBM and microsoft
> RLC (the token) is used for staking and payment
> 90% of the tokens already in circulation
> already on Bittrex, HitBTC, Liqui and Upbitary
UPCOMING ROADMAP'S MILESTONES:
> will release the first decentralized app store by mid december
> immediately after the dapp store will go live there will be a dapp development challenge to grow the iexec platform ecosystem
> team will talk at a big supercomputing\cloud computing conference in denver, colorado
> marketing firm has just been hired and they'll start to target both developer and investor communities
> in the first weeks of december the chinese website will be launched
jump in now or FOMO later
>>40230
are you that guy who got rich on ethereum? how high do you think this thing can get and how long it may take?
are you that guy who got rich on ethereum? how high do you think this thing can get and how long it may take?
File: 1510243332766.jpg (64.41 KB, 596x587, 596:587, RLC.jpg) ImgOps iqdb
>>40234
yeah i'm the same wiz who shilled ethereum here when it was only 8usd. well, the cloud computing market is one of the fastest-growing industries of the last few years and iexec addresses some open-problems of that field in a very disruprive way, such as allowing its clients to monetize their CPU resources (which is a feature that not even amazon AWS has) and having an outage-tolerant protocol.
iexec's main competitors are golem, sonm and xel but none of them have a working product: the competitor with the highest marketcap was golem which reached $570millions at its peak without having released its brass platform (the first version of its product): that's how how the cloud computing market is. now iexec has already a working product which is attracting more and more developers around it, so it's only a matter of time before it will have the same marketcap that golem used to have.
my expectation is 500-600 millions before the end of the year
yeah i'm the same wiz who shilled ethereum here when it was only 8usd. well, the cloud computing market is one of the fastest-growing industries of the last few years and iexec addresses some open-problems of that field in a very disruprive way, such as allowing its clients to monetize their CPU resources (which is a feature that not even amazon AWS has) and having an outage-tolerant protocol.
iexec's main competitors are golem, sonm and xel but none of them have a working product: the competitor with the highest marketcap was golem which reached $570millions at its peak without having released its brass platform (the first version of its product): that's how how the cloud computing market is. now iexec has already a working product which is attracting more and more developers around it, so it's only a matter of time before it will have the same marketcap that golem used to have.
my expectation is 500-600 millions before the end of the year
>>40239
okay i've googled and read up the thread and apparently it's not that hard, if i managed to cash out money made speculating on steam market this should be a child's play.
okay i've googled and read up the thread and apparently it's not that hard, if i managed to cash out money made speculating on steam market this should be a child's play.
File: 1510254361424.jpg (143.24 KB, 1145x725, 229:145, cca5f2f53a5853c7327a988ec0….jpg) ImgOps iqdb
>>40242
amazon cloud service has a 190 billion valuation despite its shortcoming when it comes to outage-tolerance. remember the naysayer who refused to believe that ethereum could become a success? they're the same naysayers who suggest that RLC will not be a competitor of amazon cloud service. even with few hunder dollars, it still is a golden ticket. either way, you're gonna have a nice christmas.
godspeed, anon
amazon cloud service has a 190 billion valuation despite its shortcoming when it comes to outage-tolerance. remember the naysayer who refused to believe that ethereum could become a success? they're the same naysayers who suggest that RLC will not be a competitor of amazon cloud service. even with few hunder dollars, it still is a golden ticket. either way, you're gonna have a nice christmas.
godspeed, anon
>>40244
thanks for advice. i talked to my mom and convinced her to take the biggest loan she can get which should be in 1500-3000$ range, i really have a lot of trust in this after learning more about blockchain and this token, but if something goes wrong(which i doubt it will), we should be able to pay it off, it's better to take risk than live in this poverty forever.
thanks for advice. i talked to my mom and convinced her to take the biggest loan she can get which should be in 1500-3000$ range, i really have a lot of trust in this after learning more about blockchain and this token, but if something goes wrong(which i doubt it will), we should be able to pay it off, it's better to take risk than live in this poverty forever.
>>40247
>gambling
>with borrowed money
this is how people get their lives destroyed. I really hope you make it big and that this investment will go well.
>gambling
>with borrowed money
this is how people get their lives destroyed. I really hope you make it big and that this investment will go well.
>>40248
imo after researching blockchain that's hardly gambling, it's more like investing in very, very promising technology and with such it tokens it seems to be the most safest way to do it. besides it's dirt cheap now, can hardly imagine it going much lower. gambling would be investing in bitcoin without knowing precisely what the fuck are you doing. my mother almost "invested" in a fucking pyramid lol, so if it fails she won't be too mad. and she owes me about 1500$ anyway. i'm working part-time right now, if i find a better job we will pay it off quite easily. so all in all it's a really low risk i think.
imo after researching blockchain that's hardly gambling, it's more like investing in very, very promising technology and with such it tokens it seems to be the most safest way to do it. besides it's dirt cheap now, can hardly imagine it going much lower. gambling would be investing in bitcoin without knowing precisely what the fuck are you doing. my mother almost "invested" in a fucking pyramid lol, so if it fails she won't be too mad. and she owes me about 1500$ anyway. i'm working part-time right now, if i find a better job we will pay it off quite easily. so all in all it's a really low risk i think.
>>40249
>imo after researching blockchain that's hardly gambling
true dat
I think the most promising projects I have seen so far are
>LINK
>DOVU
>REQ
I'm invested with several thousends in all three of them. planning to accumulate more.
>imo after researching blockchain that's hardly gambling
true dat
I think the most promising projects I have seen so far are
>LINK
>DOVU
>REQ
I'm invested with several thousends in all three of them. planning to accumulate more.
>>40257
>investing in altcoins in 2017
it would be better if you just bought 1 btc but i guess youll learn the hardway
>investing in altcoins in 2017
it would be better if you just bought 1 btc but i guess youll learn the hardway
>>40266
>took profits from Bitcoin mooning
>put them into currently cheap as fuck alts that have working products and decent partnerships
It was also today confirmed that REQ is very interested in using chainlink.
>took profits from Bitcoin mooning
>put them into currently cheap as fuck alts that have working products and decent partnerships
It was also today confirmed that REQ is very interested in using chainlink.
File: 1510367142117.jpg (62.28 KB, 800x543, 800:543, bitcoin 2017.jpg) ImgOps iqdb
>>40266
if you google bubble, all related news are about bitcoin lol.
if you google bubble, all related news are about bitcoin lol.
I started putting $200 a month into my trading account starting in January, and I have $traded it up to $7000, recent BTG and BCH surge has helped. Hopefully, can keep growing it. Would be nice if I could get it large enough that I can start using it to pay myself NEET bux instead of wage slaving it up.
>>36243
>Nobody gives a shit about them not producing any value to the world. This cannot end well
that's like saying ad companies don't produce any value, advertising is what keeps the trade going. facebook and such produce extremely precise targeted advertising, that's the only reason why they exist and cost so much.
>Nobody gives a shit about them not producing any value to the world. This cannot end well
that's like saying ad companies don't produce any value, advertising is what keeps the trade going. facebook and such produce extremely precise targeted advertising, that's the only reason why they exist and cost so much.
File: 1511723252451.png (310.68 KB, 640x480, 4:3, vegeta.png) ImgOps iqdb
place your bets guys, $25k by january? :D
>>39773
Who is the kind fellow wizanon that warned you at 0.02$ and now it's 0.3$? Me. Don't thank me. :)
Who is the kind fellow wizanon that warned you at 0.02$ and now it's 0.3$? Me. Don't thank me. :)
So, fellow wizards.
Anyone still in crypto game that would spare me some tips on what currencies to invest in?
Im relatively new and while I do my own research, I feel like almost all of them are shit and those that aren't will not moon no more because they are already known.
Also, I don't know technical analysis but I will eventualy learn it. I mean - It kinda sound comfy, finding patterns in graphs while at home
Anyone still in crypto game that would spare me some tips on what currencies to invest in?
Im relatively new and while I do my own research, I feel like almost all of them are shit and those that aren't will not moon no more because they are already known.
Also, I don't know technical analysis but I will eventualy learn it. I mean - It kinda sound comfy, finding patterns in graphs while at home
File: 1522957665607.png (511.86 KB, 600x312, 25:13, ClipboardImage.png) ImgOps iqdb
Free Coins guys, can you help a brother wizard out and use my ref? = https://gift.one/i/H4AMFY . You end up in my ref pool and earn a portion of my invites! I got like 2k in two weeks for accepting some guy's invite :). Nothing to lose right!?
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