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Ok, I need money. And other wizards too. And that's why I make this thread.
I only know the basics of bitcoin / crypto or whatever they want to call it. And although at first I was interested, I left it because I thought it was just a hoax. I've been interested again because I've seen many comments on Wizchan talking about it and saying that you can make money with this.
Now, if it's a hoax, I need to know so I do not waste my time and my hopes.
But if it works, I'd like some experienced Wizard to advise how to do it.
If someone has a question, I know the basic of the basic of this (the wallet and the satoshis).
I only know the basics of bitcoin / crypto or whatever they want to call it. And although at first I was interested, I left it because I thought it was just a hoax. I've been interested again because I've seen many comments on Wizchan talking about it and saying that you can make money with this.
Now, if it's a hoax, I need to know so I do not waste my time and my hopes.
But if it works, I'd like some experienced Wizard to advise how to do it.
If someone has a question, I know the basic of the basic of this (the wallet and the satoshis).
>>40305
How did you cash out.
Did you have to prove source of funds to your bankers? Did they freeze your account? Were you investigated for money laundering?
People are spreading these horror stories and I would be interested in the experiences of someone who already went through it.
>>40304
You will not make the big cream right now but what you can do is something like this:
>wait for btc market crash
>load up on coins
>wait for the next bubble
>sell when next bubbgle reaches new ATH
>live the neet dream like the other guy
or you can try to have a look for the next ethereum. There are constantly new coins beeing developed and if you buy coins for a few hundred bucks and pay a few cents for each one and then one day they become worth 5$ then you made big bucks on it already. Basically take a look at the top 10 coins and notice that they all had something that makes them unique. Therefore if you find a new coin that is unique then it might really take off one day.
How did you cash out.
Did you have to prove source of funds to your bankers? Did they freeze your account? Were you investigated for money laundering?
People are spreading these horror stories and I would be interested in the experiences of someone who already went through it.
>>40304
You will not make the big cream right now but what you can do is something like this:
>wait for btc market crash
>load up on coins
>wait for the next bubble
>sell when next bubbgle reaches new ATH
>live the neet dream like the other guy
or you can try to have a look for the next ethereum. There are constantly new coins beeing developed and if you buy coins for a few hundred bucks and pay a few cents for each one and then one day they become worth 5$ then you made big bucks on it already. Basically take a look at the top 10 coins and notice that they all had something that makes them unique. Therefore if you find a new coin that is unique then it might really take off one day.
Bought 250£ worth of chainlink from advice in the last thread. My uncle followed suit with 350£ and now I will feel awful if it doesn't turn a profit. I also bought 100£ of ALIS.
This was a stressful weekend as I thought there might be a crash but there doesn't seem to be.
This was a stressful weekend as I thought there might be a crash but there doesn't seem to be.
>>40304
You won't make it big at this point unless you have like 100,000 to 200,000 dollars or find your way into a lucky altcoin. Realize how late you are and realize that you know absolutely nothing about trading. Both problems can be overcome, but your account is likely to get trashed first. Nobody out there is just going to shove a bunch of money into your account. It takes hard work to profit. This does not include daytrading or random gambling. You need a plan. It would be easier to get a job, and then just buy bitcoin once a month then come up with a different scheme.
You won't make it big at this point unless you have like 100,000 to 200,000 dollars or find your way into a lucky altcoin. Realize how late you are and realize that you know absolutely nothing about trading. Both problems can be overcome, but your account is likely to get trashed first. Nobody out there is just going to shove a bunch of money into your account. It takes hard work to profit. This does not include daytrading or random gambling. You need a plan. It would be easier to get a job, and then just buy bitcoin once a month then come up with a different scheme.
The current parabolic move has been very large so it's extremely dangerous to buy in now. There will be a significant correction ('crash') at some stage although you might keep going up for a while too. I made a lot of money from crypto and my rule has been to only buy when people keep saying it's dead and sell most at hyped times like this
>>40320
>>40315
It's the natural reaction to undeserved success. Most of these people will fall in a pit. The smarter ones get out or learn how to be risk averse.
>>40319
>>40320
Neither of you know what you're doing if you're saying stuff like this. The future is where you lose money. Walking into this game with any other thoughts just means you've fooled yourself into thinking you know the future. Pros spend all their time setting up long term trades(currently 3-6 months) then focusing on risk management. This is Goldman-Sachs, they make more money every years than any of us likely will. You want decent crypto advice, you go to Tai Zen on youtube. He's actually trying. Most of you would be better off listening to him, an idiot who argued with his doctor that he wasn't dying from a heart attack in the ER room. A serial idiot is the best predictor of the future, because he's seen the worst of life and he doesn't want to see it again.
>>40315
It's the natural reaction to undeserved success. Most of these people will fall in a pit. The smarter ones get out or learn how to be risk averse.
>>40319
>>40320
Neither of you know what you're doing if you're saying stuff like this. The future is where you lose money. Walking into this game with any other thoughts just means you've fooled yourself into thinking you know the future. Pros spend all their time setting up long term trades(currently 3-6 months) then focusing on risk management. This is Goldman-Sachs, they make more money every years than any of us likely will. You want decent crypto advice, you go to Tai Zen on youtube. He's actually trying. Most of you would be better off listening to him, an idiot who argued with his doctor that he wasn't dying from a heart attack in the ER room. A serial idiot is the best predictor of the future, because he's seen the worst of life and he doesn't want to see it again.
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>>40316
Took that guy's advice too and bought 922 LINK shares for $168.
Waiting for my bitcoin to arrive in my account so I can buy $408 more of LINK.
Took that guy's advice too and bought 922 LINK shares for $168.
Waiting for my bitcoin to arrive in my account so I can buy $408 more of LINK.
Why is nobody talking about crazy fees and crazy amount of waiting you have to go through? A guy who wanted to donate me had to wait about two weeks before his bux get turned into btc, and then he received less than he payed for and on top of that he had to waste about 10% of the sum to fees. Fuck bitcoin man.
>>40328
Presumably he was getting a bank account verified. I had a transaction completed in less than an hour with bitcoin and bitcoin is a fairly slow cryptocurrency. The fee is a flat rate regardless of the quantity you send so it is relatively expensive for small amounts.
Presumably he was getting a bank account verified. I had a transaction completed in less than an hour with bitcoin and bitcoin is a fairly slow cryptocurrency. The fee is a flat rate regardless of the quantity you send so it is relatively expensive for small amounts.
>>40328
That must have all been due to the fiat banking system being a bitch, not bitcoin itself
That must have all been due to the fiat banking system being a bitch, not bitcoin itself
>>40328
>bidgoin
silly goy, bitcoin cash is the new bitcoin. Transactions take 5 minutes and cost 33 cents (for premium speed). Meanwhile fees for BTC are 7$ for non priority and their transaction backlog is like 100K transactions. Bitcoin will get in severe trouble if they fail to find a way to scale their protocol soon. There are rumors that miners are already switching to bitcoin cash but that they are doing it slowly to not cause a market crash and lose their book profits on BTC.
Lucky for me, as a BTC oldfag from 2011, I own BTC and any fork that might come in the future. I am really interested to see how this all will evolve and if there will be a new competitor to take the spot as the "currency to use in daily things instead of hoarding"
>bidgoin
silly goy, bitcoin cash is the new bitcoin. Transactions take 5 minutes and cost 33 cents (for premium speed). Meanwhile fees for BTC are 7$ for non priority and their transaction backlog is like 100K transactions. Bitcoin will get in severe trouble if they fail to find a way to scale their protocol soon. There are rumors that miners are already switching to bitcoin cash but that they are doing it slowly to not cause a market crash and lose their book profits on BTC.
Lucky for me, as a BTC oldfag from 2011, I own BTC and any fork that might come in the future. I am really interested to see how this all will evolve and if there will be a new competitor to take the spot as the "currency to use in daily things instead of hoarding"
>>40325
Of course when I say take advice from the last thread I meant that I did research of my own following an anons advice and the technology does seem promising.
Of course when I say take advice from the last thread I meant that I did research of my own following an anons advice and the technology does seem promising.
I have been waiting 10 days for bitcoin to arrive in my coinbase wallet because I accidentally paid with my bank account and not with my credit card.
Maybe it will come tomorrow.
Maybe it will come tomorrow.
>>40334
bcash doesnt have segwit so it won't be able to use the lightning network, and there are hardly any miners and some random paid developers. It's inferior to Litecoin in every way
bcash doesnt have segwit so it won't be able to use the lightning network, and there are hardly any miners and some random paid developers. It's inferior to Litecoin in every way
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I made a great investment into LINK.
Going to invest more next pay check.
Going to invest more next pay check.
I hope every single one of us will become a crypto millionaire and we all don't have to work anymore and get to enjoy the neet dream while normalcucks slave away their lives until they die.
It's going to be funny to watch all those mongoloid bitcoin miners lose everything.
I can't wait for it to happen, using GPU's for their greedy purposes… They deserve it.
I can't wait for it to happen, using GPU's for their greedy purposes… They deserve it.
>>40364
You can't use GPUs to mine bitcoin. You CAN use it to mine Monero though. With mining bitcoin you use ASIC miners, completely different products.
No need to wish bad on people trying to survive…
You can't use GPUs to mine bitcoin. You CAN use it to mine Monero though. With mining bitcoin you use ASIC miners, completely different products.
No need to wish bad on people trying to survive…
>>40366
It might be ineffective but a lot of people are still using GPUs to mine and it's still being advertised as being ideal for mining, like I said, idiots.
Go shove your bitcoin, it's worthless and the people who will lose everything only have themselves to blame.
It might be ineffective but a lot of people are still using GPUs to mine and it's still being advertised as being ideal for mining, like I said, idiots.
Go shove your bitcoin, it's worthless and the people who will lose everything only have themselves to blame.
I know I'm just a random anon but I'm telling you guys because I don't want fellow wizards to get screwed. Online I was in contact with some hardcore crypto traders who's portfolios had experienced significant growth. Their philosophy was "whale watching": the whole market was rigged by whales, and they made money by copying what they do. Now all financial markets are rigged to a certain extent but crypto is much easier because it is much smaller and newer (higher wealth inequality these days).
So a simplified version of how whales make money is as a team (these are coordinated) they buy a lot of the coin raising the price (supply and demand). They then start selling the coins to each other lowering the price each time and eventually selling at a fraction of the cost. So they lose money but these losses are only on paper because they are selling to each other. The price gets low and ordinary folks (and stop-losses etc) sell they're coins for cheap which the whales buy up.
Then once they have majority of the coins they then sell to each other at a higher price inflating the value. Then normies jump on the bandwagon and the whales dump they're coins onto them before leaving the market (and obviously the whales cannot sell all the coins because of supply and demand but the money they make off inflating the price more then makes up for it). So it's pretty much wealth extraction from the poor and/or stupid to the smart and rich. It's more complicated then this but that's the gist of it.
Now the thing is before initiating a pump, they do a small test pump to see if the market reacts how they expect it to. Then they do a large pump and make their exit. Sound familiar? From further on is my opinion only but I believe that 2013 was crypto's test pump and right now is the real pump. Rich people are always looking for new investments they can do this with and crypto is no different. They do not care about what the investment is based off or the 'innovative technologies' they only care about money. Once the pump and dump is over there is also a high chance the government will make it illegal because rich people control the government (common knowledge 2017).
Crpyto will never become the new stockmarket because stocks are based off an underlying value. If the company goes bust they sell they're assets and you get some of your money back. With crypto you get nothing back. But it could become the next big currency if it survives this crash. That will be at least 5 years away because crpyto still has many problems.
Also whale watching can be applied to any market and all markets are plagued with insider trading.
So a simplified version of how whales make money is as a team (these are coordinated) they buy a lot of the coin raising the price (supply and demand). They then start selling the coins to each other lowering the price each time and eventually selling at a fraction of the cost. So they lose money but these losses are only on paper because they are selling to each other. The price gets low and ordinary folks (and stop-losses etc) sell they're coins for cheap which the whales buy up.
Then once they have majority of the coins they then sell to each other at a higher price inflating the value. Then normies jump on the bandwagon and the whales dump they're coins onto them before leaving the market (and obviously the whales cannot sell all the coins because of supply and demand but the money they make off inflating the price more then makes up for it). So it's pretty much wealth extraction from the poor and/or stupid to the smart and rich. It's more complicated then this but that's the gist of it.
Now the thing is before initiating a pump, they do a small test pump to see if the market reacts how they expect it to. Then they do a large pump and make their exit. Sound familiar? From further on is my opinion only but I believe that 2013 was crypto's test pump and right now is the real pump. Rich people are always looking for new investments they can do this with and crypto is no different. They do not care about what the investment is based off or the 'innovative technologies' they only care about money. Once the pump and dump is over there is also a high chance the government will make it illegal because rich people control the government (common knowledge 2017).
Crpyto will never become the new stockmarket because stocks are based off an underlying value. If the company goes bust they sell they're assets and you get some of your money back. With crypto you get nothing back. But it could become the next big currency if it survives this crash. That will be at least 5 years away because crpyto still has many problems.
Also whale watching can be applied to any market and all markets are plagued with insider trading.
>>40371
>Crpyto will never become the new stockmarket
But it will and is currently doing so
>With crypto you get nothing back.
You should do some more research, you sound like a oblivious boomer fuck
no offense
>Crpyto will never become the new stockmarket
But it will and is currently doing so
>With crypto you get nothing back.
You should do some more research, you sound like a oblivious boomer fuck
no offense
>>40371
thank you for your insight. I never knew how they did it and today I learned a new thing thanks to you.
thank you for your insight. I never knew how they did it and today I learned a new thing thanks to you.
i took a rich guy's advice from previous thread and bought 70$ worth of RLC and will take a 1500$ loan to buy some more soon, in case something goes wrong this shouldn't set my family back too much. i've started visiting 4chad's /biz/ every now and then and you certainly don't hear much about this token, which is probably a good sign, but few people that do mention it usually say it's a very solid hold with weak marketing team, so there is no hype whatsoever which is why it's undervalued for now.
also started mining XMR, seems like a very good coin, but i'll probably trade it for RLC, btw mining XMR is very convenient with minergate, just make sure to merge mine FCN and change reward method to PPLNS.
also started mining XMR, seems like a very good coin, but i'll probably trade it for RLC, btw mining XMR is very convenient with minergate, just make sure to merge mine FCN and change reward method to PPLNS.
>>40381
Remember this for the future. I've seen posts like this, I know how this ends.
You've made several mistakes, so I figured I should point them out. I went through the same experience and made the same mistakes, so keep this advice in mind because you'll end up in a similar position, eventually. Naturally I wish the best of anyone who invests in anything, but it's never that easy.
1. Going in on one coin doesn't make sense. You're riding the hope train, and it will steer you to despair central eventually. "RLC has a weak marketing team" is a bad indicator. Even if you were to read much, much more, you'd still have shit marketing and a shit process when playing this game.
What you really should do is split your positions. You get 10% here, 30% there, put some in USDT on an exchange so you can help yourself hold to the right decision making process. The coin will tank and you'll likely sell, crypto does this to everyone. Have your money in other coins and when a coin goes up enough, you sell when you can to another coin. Want stability? Buy USDT. Don't predict, plan.
2-Don't bother trading one coin for another. You don't know where this will go, XMR is historically a very interesting hold in itself because drug money and anonymity. It hit 30 last year, basically because of this.
It has a stable use.
3- Hype is the worst thing to invest in. When I started, I went to /biz/ everyday and tried to learn everything. No matter what they say, it's all lies. It's a part of the reality. These people will always be proven wrong in time. The smart people always hedge their bets, spread their cash. They look at their investments and sell at profit and never plan on taking losses. There's no magic bullet but there is a plan and process to this, ignore it and suffer.
Read Super Trader by Van Tharp if you want more detail. Happy trading.
Remember this for the future. I've seen posts like this, I know how this ends.
You've made several mistakes, so I figured I should point them out. I went through the same experience and made the same mistakes, so keep this advice in mind because you'll end up in a similar position, eventually. Naturally I wish the best of anyone who invests in anything, but it's never that easy.
1. Going in on one coin doesn't make sense. You're riding the hope train, and it will steer you to despair central eventually. "RLC has a weak marketing team" is a bad indicator. Even if you were to read much, much more, you'd still have shit marketing and a shit process when playing this game.
What you really should do is split your positions. You get 10% here, 30% there, put some in USDT on an exchange so you can help yourself hold to the right decision making process. The coin will tank and you'll likely sell, crypto does this to everyone. Have your money in other coins and when a coin goes up enough, you sell when you can to another coin. Want stability? Buy USDT. Don't predict, plan.
2-Don't bother trading one coin for another. You don't know where this will go, XMR is historically a very interesting hold in itself because drug money and anonymity. It hit 30 last year, basically because of this.
It has a stable use.
3- Hype is the worst thing to invest in. When I started, I went to /biz/ everyday and tried to learn everything. No matter what they say, it's all lies. It's a part of the reality. These people will always be proven wrong in time. The smart people always hedge their bets, spread their cash. They look at their investments and sell at profit and never plan on taking losses. There's no magic bullet but there is a plan and process to this, ignore it and suffer.
Read Super Trader by Van Tharp if you want more detail. Happy trading.
>>40334
I'm no prophet, but I'm predicting Bitcoin Cash will eventually surpass Bitcoin, given that it's not controlled by censorious dictatorial corporatists and you can actually use the damn thing.
>>40347
1. Bcash is a misnomer made up to demonize Bitcoin Cash. Hearing that term used is a warning sign, just like terms such as "black/brown bodies" "privilege" and "misogyny" is a warning sign that you're reading SJW nonsense.
2. Bitcoin Cash actually scales on-chain, so there's no need for Segshit hacks or Lightning Network vaporware.
3. Hardly any miners is a ridiculous claim for a coin that's surpassed BTC's hashrate and consistently stays within the top 3 market capitalization.
4. It retains the Bitcoin name, thus giving it a bit of first mover advantage, and doesn't have Segshit shilling retards for developers.
5. There's six competing dev teams rather than one Core team passing down edicts.
I'm no prophet, but I'm predicting Bitcoin Cash will eventually surpass Bitcoin, given that it's not controlled by censorious dictatorial corporatists and you can actually use the damn thing.
>>40347
1. Bcash is a misnomer made up to demonize Bitcoin Cash. Hearing that term used is a warning sign, just like terms such as "black/brown bodies" "privilege" and "misogyny" is a warning sign that you're reading SJW nonsense.
2. Bitcoin Cash actually scales on-chain, so there's no need for Segshit hacks or Lightning Network vaporware.
3. Hardly any miners is a ridiculous claim for a coin that's surpassed BTC's hashrate and consistently stays within the top 3 market capitalization.
4. It retains the Bitcoin name, thus giving it a bit of first mover advantage, and doesn't have Segshit shilling retards for developers.
5. There's six competing dev teams rather than one Core team passing down edicts.
>>40382
did you actually research RLC or it's just a general advice? i know well that diversifying your portfolio is a good idea, but when you have little money you have to risk or you'll make next to nothing.
>No matter what they say, it's all lies
why? some people are correct, that guy who recommended rtc bought eth when it was very low, a lot of people on biz say they predicted the rise of eth too, and afaik eth had shit marketing as well, i'm new to this, but i believe a good product will eventually win over any marketing hype.
>Hype is the worst thing to invest in
there is no hype in this token and that reassures me.
as for panic selling, i believe i will hold, becouse this token has actually some project behind of it, i believe it's not a speculative bubble that can pop any second. something like LINK and golem had sinked becouse it was all hype and no product.
>XMR
i don't want to hold to it becouse it's a coin, there is not much value behind it other than being currency, on the other hand tokens are a lot more like buying shares of a company rather than buying currency.
>Read Super Trader by Van Tharp
i don't plan to be a trader, this is more of an investment for me.
>"RLC has a weak marketing team" is a bad indicator.
it's not so much a weak marketing team, as the strategy they are using, they seem to prefer marketing among developers, than among speculative investors.
i don't have money on my hands yet, maybe by that time i will find a good token to split it 50/50, i don't really want to invest into coins as i believe they are more speculative.
did you actually research RLC or it's just a general advice? i know well that diversifying your portfolio is a good idea, but when you have little money you have to risk or you'll make next to nothing.
>No matter what they say, it's all lies
why? some people are correct, that guy who recommended rtc bought eth when it was very low, a lot of people on biz say they predicted the rise of eth too, and afaik eth had shit marketing as well, i'm new to this, but i believe a good product will eventually win over any marketing hype.
>Hype is the worst thing to invest in
there is no hype in this token and that reassures me.
as for panic selling, i believe i will hold, becouse this token has actually some project behind of it, i believe it's not a speculative bubble that can pop any second. something like LINK and golem had sinked becouse it was all hype and no product.
>XMR
i don't want to hold to it becouse it's a coin, there is not much value behind it other than being currency, on the other hand tokens are a lot more like buying shares of a company rather than buying currency.
>Read Super Trader by Van Tharp
i don't plan to be a trader, this is more of an investment for me.
>"RLC has a weak marketing team" is a bad indicator.
it's not so much a weak marketing team, as the strategy they are using, they seem to prefer marketing among developers, than among speculative investors.
i don't have money on my hands yet, maybe by that time i will find a good token to split it 50/50, i don't really want to invest into coins as i believe they are more speculative.
>>40385
>No matter what they say, it's all lies
oh i get it, you mean they are shilling, while i think even shilling on 4chan biz makes little sense, it makes even less sesne to shill here, we are few and we are broke, our money won't affect the price whatsoever.
>No matter what they say, it's all lies
oh i get it, you mean they are shilling, while i think even shilling on 4chan biz makes little sense, it makes even less sesne to shill here, we are few and we are broke, our money won't affect the price whatsoever.
>>40385
>something like LINK had sinked becouse it was all hype and no product.
It actually has already a working product, you can go right now on their site and make a smart contract.
>something like LINK had sinked becouse it was all hype and no product.
It actually has already a working product, you can go right now on their site and make a smart contract.
>>40388
yeah, i didn't research much into link, it was stupid to mention it. though i do believe it will take off, but it seems to be a very long hold.
yeah, i didn't research much into link, it was stupid to mention it. though i do believe it will take off, but it seems to be a very long hold.
>>40390
also, seeing how /biz/ now largely doesn't believe in link anymore, it seems like now is a good time to buy, i feel like doing the opposite of what majority does is a good rule, at least when it concerns hyped up stuff like link. i'll look more into it.
also, seeing how /biz/ now largely doesn't believe in link anymore, it seems like now is a good time to buy, i feel like doing the opposite of what majority does is a good rule, at least when it concerns hyped up stuff like link. i'll look more into it.
>>40390
>but it seems to be a very long hold
I think it won't take longer than 5 years for it to moon and 5 years to make loads of cash are fine when I look at the 40+ years of wagecucking for breadcrumbs that are otherwise waiting for me.
>yeah, i didn't research much into link, it was stupid to mention it
then why do you write it? Do your own research m8 and don't fall for FUD.
>>40391
>also, seeing how /biz/ now largely doesn't believe in link anymore
most of them are accumulating and the top whales have not sold, they're also accumulating.
the next coming announcement will probably be a date for release of the chainlink main net and we can expect a run up to ATH again.
buying LINK at .16 cents is a good deal. personally I'm holding 30k LINK currently, planning to sell some during the next pump and then increase my position during the inevitable correction.
>but it seems to be a very long hold
I think it won't take longer than 5 years for it to moon and 5 years to make loads of cash are fine when I look at the 40+ years of wagecucking for breadcrumbs that are otherwise waiting for me.
>yeah, i didn't research much into link, it was stupid to mention it
then why do you write it? Do your own research m8 and don't fall for FUD.
>>40391
>also, seeing how /biz/ now largely doesn't believe in link anymore
most of them are accumulating and the top whales have not sold, they're also accumulating.
the next coming announcement will probably be a date for release of the chainlink main net and we can expect a run up to ATH again.
buying LINK at .16 cents is a good deal. personally I'm holding 30k LINK currently, planning to sell some during the next pump and then increase my position during the inevitable correction.
>>40392
>then why do you write it? Do your own research m8 and don't fall for FUD.
you are right, it's just that there are so many idiots losing their shit constantly, you'd think something has really went wrong.
>I think it won't take longer than 5 years for it to moon and 5 years to make loads of cash are fine when I look at the 40+ years of wagecucking for breadcrumbs that are otherwise waiting for me.
same here, even if rlc will take a while to moon, even if i lose everything, it's still better than wageslaving with no hope for change whatsoever.
>then why do you write it? Do your own research m8 and don't fall for FUD.
you are right, it's just that there are so many idiots losing their shit constantly, you'd think something has really went wrong.
>I think it won't take longer than 5 years for it to moon and 5 years to make loads of cash are fine when I look at the 40+ years of wagecucking for breadcrumbs that are otherwise waiting for me.
same here, even if rlc will take a while to moon, even if i lose everything, it's still better than wageslaving with no hope for change whatsoever.
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Will someone donate LINK to a part time waggie?
I put all my savings into this token and it is my first investment.
I put all my savings into this token and it is my first investment.
>>40394
you probably got enough time to sink another paycheck into it before any mooning happens.
currently at .15 cents on binance btw.
you probably got enough time to sink another paycheck into it before any mooning happens.
currently at .15 cents on binance btw.
Is anyone investing for the long term ? I'm putting money that I won't be taking out until 2019-2020.
No one that doesn't care about daily/weekly/monthly charts ?
These daytraders, most of em lose their money or break even, very few actually make money daytrading.
But investing long term and even mid term (few months) seems to be much easier.
No one that doesn't care about daily/weekly/monthly charts ?
These daytraders, most of em lose their money or break even, very few actually make money daytrading.
But investing long term and even mid term (few months) seems to be much easier.
>>40405
seems long term investing is what's most of people here did if you read the thread. i don't think day-trading is unprofitable though if you know what you are doing,it's just too nerve-racking to constantly check price, it would be like having a second job.
seems long term investing is what's most of people here did if you read the thread. i don't think day-trading is unprofitable though if you know what you are doing,it's just too nerve-racking to constantly check price, it would be like having a second job.
after few days of researching coins, it seems to me that there are so many great, undervalued coins with low market cap, that going all in into one is kind of unreasonable even if it's something rock solid, if only becouse you will lose easy profits while waiting for your coin to moon.
let's say i buy 10 different coins for 100$ each, let's say 4 of them fail utterly(unlikely) and 4 of them don't go up, but if the remaining 2 go up 4x(which is not that much for a new, undervalued coin), you've already made 200$ profit.
plus, it's always a good idea to not put all eggs in one basket.
let's say i buy 10 different coins for 100$ each, let's say 4 of them fail utterly(unlikely) and 4 of them don't go up, but if the remaining 2 go up 4x(which is not that much for a new, undervalued coin), you've already made 200$ profit.
plus, it's always a good idea to not put all eggs in one basket.
To those who bought iExec RLC: How?
I just tried and their checkout was with Indacoin, who after getting all my banking info told me I need to upload a video of myself saying "indacoin". There was another way where you just took a photo of your face and some photo ID but that too requires a webcam which I don't have. Is there any easier way?
I just tried and their checkout was with Indacoin, who after getting all my banking info told me I need to upload a video of myself saying "indacoin". There was another way where you just took a photo of your face and some photo ID but that too requires a webcam which I don't have. Is there any easier way?
>>40411
I think I have an easier time opening a real bank account than a pretend money bank account these days.
I think I have an easier time opening a real bank account than a pretend money bank account these days.
>>40411
holy shit this is disgusting and rulecuckery par excellence. We need decentrallized exchanges and we need them fast
holy shit this is disgusting and rulecuckery par excellence. We need decentrallized exchanges and we need them fast
>>40411
another fellow interested in rlc eh ^^
long term I think this is gonna be very good. Team is solid.
I had to do the photo Id thing on a site that lets you buy bitcoin. You don't have to use a webcam on some sites, just upload a pic of a selfie with your id card.
another fellow interested in rlc eh ^^
long term I think this is gonna be very good. Team is solid.
I had to do the photo Id thing on a site that lets you buy bitcoin. You don't have to use a webcam on some sites, just upload a pic of a selfie with your id card.
>>40418
are not you afraid that someone else will use the copy of your id?
what if your copy will be used for a crime?
are not you afraid that someone else will use the copy of your id?
what if your copy will be used for a crime?
>>40419
I'm a blonde white guy. I don't think I need to worry about Chinese people impersonating me. I admit it probably will happen to somebody sometime.
I'm a blonde white guy. I don't think I need to worry about Chinese people impersonating me. I admit it probably will happen to somebody sometime.
Wings is looking pretty good now. Beta is gonna be released in december if there are no delays.
>>40411
you can do it without any verification, but it will take some time. if it doesn't check out after 6 hours, contact the support, tell to refund and try again.
btw, another investment as solid as iexec, seems to be Modum, here's a pasta from /biz/
>MODUM is a supply-chain solution for the $1.12T pharmaceuticals market.
>What is it? Patented proprietary sensor device that verifies authenticity with the blockchain (Ethereum/IOTA)
>Why use it? EU regulations GDP 2013/c 343/01 requires the monitoring of medicines during shipment
>By using the MODUM system, costs per shipment can be reduced by up to 60%.
>Market 200 million shipments of pharmaceutical products in the EU alone last year
>Currently in negotiations with pharmaceutical companies in the UK/France/Germany/Turkey & Vietnam.
>Pascal Degen, co-founder of MODUM was head of logistics at Novartis AG ($216 billion pharmaceuticals giant)
>MODUM advisor is Heinrich Zetlmayer who was IBM's head of Supply Chain and Operations Services
>Strategic Partnerships already in place with Switzerland Postal service, two pharmaceutical corporations, University of Zurich & University of St. Gallen.
>MODUM won first place in the Future and Emerging Technologies vertical of the Kickstart Accelerator 2016, out of 850 startups from 40 countries.
>Profit sharing & voting tokens. Dividends to be issued in ETH on a quarterly basis
>Pilot trails with 43 registered companies successfully completed
>Commercial launch and mass production in q1/2018!
>Swiss team / engineering
you can do it without any verification, but it will take some time. if it doesn't check out after 6 hours, contact the support, tell to refund and try again.
btw, another investment as solid as iexec, seems to be Modum, here's a pasta from /biz/
>MODUM is a supply-chain solution for the $1.12T pharmaceuticals market.
>What is it? Patented proprietary sensor device that verifies authenticity with the blockchain (Ethereum/IOTA)
>Why use it? EU regulations GDP 2013/c 343/01 requires the monitoring of medicines during shipment
>By using the MODUM system, costs per shipment can be reduced by up to 60%.
>Market 200 million shipments of pharmaceutical products in the EU alone last year
>Currently in negotiations with pharmaceutical companies in the UK/France/Germany/Turkey & Vietnam.
>Pascal Degen, co-founder of MODUM was head of logistics at Novartis AG ($216 billion pharmaceuticals giant)
>MODUM advisor is Heinrich Zetlmayer who was IBM's head of Supply Chain and Operations Services
>Strategic Partnerships already in place with Switzerland Postal service, two pharmaceutical corporations, University of Zurich & University of St. Gallen.
>MODUM won first place in the Future and Emerging Technologies vertical of the Kickstart Accelerator 2016, out of 850 startups from 40 countries.
>Profit sharing & voting tokens. Dividends to be issued in ETH on a quarterly basis
>Pilot trails with 43 registered companies successfully completed
>Commercial launch and mass production in q1/2018!
>Swiss team / engineering
I'm a good programmer and apparently bittrex has a trading API.
Does anyone have any experience with trading bots? I can whip up one myself, I just know nothing about economics.
Does anyone have any experience with trading bots? I can whip up one myself, I just know nothing about economics.
>>40424
>>40418
I'd rather just get a bank refund at this point. I had to shut down for a few hours when I got redirected to an overseas party that required special steps with nor prior warning AFTER I had entered my billing info. Such bait-and-switch dishonesty makes me swell up. Buying/storing is just a big mess for me, I need a video walkthrough or something.
>>40418
I'd rather just get a bank refund at this point. I had to shut down for a few hours when I got redirected to an overseas party that required special steps with nor prior warning AFTER I had entered my billing info. Such bait-and-switch dishonesty makes me swell up. Buying/storing is just a big mess for me, I need a video walkthrough or something.
>>40429
if you ask support they will refund, in my case refund was instant. even if you don't do anything if there is no confirmation it will be canceled after 4 days.
if you ask support they will refund, in my case refund was instant. even if you don't do anything if there is no confirmation it will be canceled after 4 days.
>>40428
i made an arbitrage
bot for fun earlier this year, never made any money but there are some opportunities.
>>40424
thanks for the info on modum
If any other wizzie knows of undervalued good long HODL coins, please do share.
Anyone that really wants to get into mining too ? I've been wanting to mine since march, the gpu cards are more epensive know and roi is back to a normal couple of months so it's less exciting but still, I really want to mine. Gonna have to do more profits before though.
i made an arbitrage
bot for fun earlier this year, never made any money but there are some opportunities.
>>40424
thanks for the info on modum
If any other wizzie knows of undervalued good long HODL coins, please do share.
Anyone that really wants to get into mining too ? I've been wanting to mine since march, the gpu cards are more epensive know and roi is back to a normal couple of months so it's less exciting but still, I really want to mine. Gonna have to do more profits before though.
>>40434
>thanks for the info on modum
keep in mind that any project in early stage is a risk, it might take a while for them to moon and before that happens it may drop significantly so you'll end up doing something stupid. so despite my shilling for RLC and MOD, i've decided to put most of my money into Monero, becouse it seems like a very stable, very popular coin that steadily grew from 1$ to 130$ and i believe it will go higher or at least not lower, becouse it's already a working product.
here's reply i got on biz when asked why monero is a good hold
>Short term
Charts look ridiculously strong, it's just itching for a breakout, need some more volume.
>Long term/overall
>Monero is THE privacy coin. There are many other privacy coins with better marketing, but none come close to the actual technology and what it sets out to do, be private. If you look at the marketing of Monero you'll see it's virtually non-existent. Why? They simply just work on their product. Devs from around the world are constantly researching new methods, possible exploits etc (and they get rewarded in Monero) making the product better.
>It also has the advantage of being the first privacy coin with real adoption. Dark net markets are moving exclusively to Monero, which not only brings more trading volume to it, but more attention to just how good this coin is.
>It is my largest holding so I have bias, but I wouldn't be holding the amount I do if I didn't think it's truly amazing. Also, you'll notice there is very little bashing of this coin, it's for a reason.
>thanks for the info on modum
keep in mind that any project in early stage is a risk, it might take a while for them to moon and before that happens it may drop significantly so you'll end up doing something stupid. so despite my shilling for RLC and MOD, i've decided to put most of my money into Monero, becouse it seems like a very stable, very popular coin that steadily grew from 1$ to 130$ and i believe it will go higher or at least not lower, becouse it's already a working product.
here's reply i got on biz when asked why monero is a good hold
>Short term
Charts look ridiculously strong, it's just itching for a breakout, need some more volume.
>Long term/overall
>Monero is THE privacy coin. There are many other privacy coins with better marketing, but none come close to the actual technology and what it sets out to do, be private. If you look at the marketing of Monero you'll see it's virtually non-existent. Why? They simply just work on their product. Devs from around the world are constantly researching new methods, possible exploits etc (and they get rewarded in Monero) making the product better.
>It also has the advantage of being the first privacy coin with real adoption. Dark net markets are moving exclusively to Monero, which not only brings more trading volume to it, but more attention to just how good this coin is.
>It is my largest holding so I have bias, but I wouldn't be holding the amount I do if I didn't think it's truly amazing. Also, you'll notice there is very little bashing of this coin, it's for a reason.
>>40434
>Anyone that really wants to get into mining too ?
i know fuck all about mining, but i'm already mining monero on my shit 500$ pc using minergate, there are probably less shady programs, but minergate is easy to use and it has easy pool mining and merged mining.
>Anyone that really wants to get into mining too ?
i know fuck all about mining, but i'm already mining monero on my shit 500$ pc using minergate, there are probably less shady programs, but minergate is easy to use and it has easy pool mining and merged mining.
>>40411
indacoin is shit and changelly is shit becouse it uses it. it sells you bitcoin at 10k$, fucking ridiculous. i recommend buying bitcoin at localbitcoins, much faster and will be much closer to market price and you won't have to convert currency in case you are not american. just make sure to pick a trader with good reputation and maybe buy in small portions if you are really paranoid.
indacoin is shit and changelly is shit becouse it uses it. it sells you bitcoin at 10k$, fucking ridiculous. i recommend buying bitcoin at localbitcoins, much faster and will be much closer to market price and you won't have to convert currency in case you are not american. just make sure to pick a trader with good reputation and maybe buy in small portions if you are really paranoid.
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I went all in on LINK.
To the moon boyos.
To the moon boyos.
>>40447
Sorry, maybe I should have mentioned that I'm buying using a bank card. I don't see the option for that on Etherdelta
Sorry, maybe I should have mentioned that I'm buying using a bank card. I don't see the option for that on Etherdelta
>>40448
You need to buy somewhere else first. I used coinbase. buy eth not bitcoin to avoid transfer fees
You need to buy somewhere else first. I used coinbase. buy eth not bitcoin to avoid transfer fees
>>40451
some exchanges just require pictures of your passport.
>take a "selfie"
so what? some pajeets who checks those is looking at hundreds of neckbeards a day. its literally his job.
some exchanges just require pictures of your passport.
>take a "selfie"
so what? some pajeets who checks those is looking at hundreds of neckbeards a day. its literally his job.
>>40451
Coinbase requires a picture of your passport and not a selfie unless you are considered a large (I think over a thousand) spender and Binance doesn't require id verification unless you want to withdraw more than 2 bitcoins (sixteen grand) a day.
Coinbase requires a picture of your passport and not a selfie unless you are considered a large (I think over a thousand) spender and Binance doesn't require id verification unless you want to withdraw more than 2 bitcoins (sixteen grand) a day.
>>40455
Not a passport specifically. That's only needed if you try to leave the country. All of my other photo ID is expired and buried somewhere anyway.
Not a passport specifically. That's only needed if you try to leave the country. All of my other photo ID is expired and buried somewhere anyway.
So whereabouts can I trade Ethereum for MODUM and Monero without needing ID? Unless they're on Etherdelta and I'm just blind.
Anyone in on power ledger? Most volatile coin right now and I want someone to reassure me buying in at 85 cent wasn't a bad call.
>>40469
Binance. You only need to give them your ID if you want to be able to withdraw more than2 bitcoin per day
Binance. You only need to give them your ID if you want to be able to withdraw more than2 bitcoin per day
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>>40470
nah, i didn't like the amount of shilling on biz.
>I want someone to reassure me buying in at 85 cent wasn't a bad call.
buying ATH is more likely a bad call than not, i hope you didn't bought much.
i'm waiting for monero to drop, this fucking chad coin is unstoppable.
nah, i didn't like the amount of shilling on biz.
>I want someone to reassure me buying in at 85 cent wasn't a bad call.
buying ATH is more likely a bad call than not, i hope you didn't bought much.
i'm waiting for monero to drop, this fucking chad coin is unstoppable.
go don't go all in on one shitcoin(though wouldn't buy BTC right now either), don't let greed to cloud your mind, i hope we all make it
>>40482
yes, youtube is a surprising source of wizdom.
here's another one i liked, not really about cryptoinvesting, but it's good to know the basics.
i bought 1 ETH right now and i alread have 93 RLC, i will sit on my ass for a week, thinking about next move.
yes, youtube is a surprising source of wizdom.
here's another one i liked, not really about cryptoinvesting, but it's good to know the basics.
i bought 1 ETH right now and i alread have 93 RLC, i will sit on my ass for a week, thinking about next move.
My wizzies help me find a coin that has low market cap, fixed supply, not huge supply if possible and minable.
I've been looking at the up and commers and none make me excited.
I want to invest a bit more and not in tokens now.
I've been looking at the up and commers and none make me excited.
I want to invest a bit more and not in tokens now.
>>40487
look into Metaverse ETP, it's a clone of NEO and NEO is a clone Ethereum. Personally i don't trust anything Chinese.
look into Metaverse ETP, it's a clone of NEO and NEO is a clone Ethereum. Personally i don't trust anything Chinese.
>>40487
Not a miner but if I was I would mine Monero.
I know i'm not answering your question but thats because I don't think there is one currently and i'd suggest mining Monero until you find one.
Not a miner but if I was I would mine Monero.
I know i'm not answering your question but thats because I don't think there is one currently and i'd suggest mining Monero until you find one.
>>40455
>>40455
It's not in America. We don't have a national or mandatory ID card, which is why Republicans push so hard for voter ID laws so they can keep basketball and neet americans from voting, and then point at countries like France and say "look they require IDS don't you love liberal france?" when in reality they are able to require ids because they're mandatory.
>>40455
It's not in America. We don't have a national or mandatory ID card, which is why Republicans push so hard for voter ID laws so they can keep basketball and neet americans from voting, and then point at countries like France and say "look they require IDS don't you love liberal france?" when in reality they are able to require ids because they're mandatory.
bought a dozen of metaverse etp, it's very low right now, it should pump back to 6$ then i sell.
overall there is nothing interesting to buy, becouse everything is on a bullrun right now, especially bitcoin, which is very, very worrying, if it goes down, everything will. which is why i still have around 30% of my investment funds in fiat, but at the same time, this bullrun makes me FOMO hard.
overall there is nothing interesting to buy, becouse everything is on a bullrun right now, especially bitcoin, which is very, very worrying, if it goes down, everything will. which is why i still have around 30% of my investment funds in fiat, but at the same time, this bullrun makes me FOMO hard.
>>40540
The speed it's going up is worrying from a psychological perspective. When time is short, logical thinking diminishes, and emotional reactions take over. The accelerating speed of price growth makes people feel as if they have to make a decision, fast, whether to invest or not. And this time limit makes their decisions based on emotion, which tends to be 'jump on the bandwagon', at least until logic kicks back in again.
Bitcoin is surprisingly predictable in its pricing, long term. It bubbles, pops, simmers for a while then bubbles again.
I'll invest after the next crash.
The speed it's going up is worrying from a psychological perspective. When time is short, logical thinking diminishes, and emotional reactions take over. The accelerating speed of price growth makes people feel as if they have to make a decision, fast, whether to invest or not. And this time limit makes their decisions based on emotion, which tends to be 'jump on the bandwagon', at least until logic kicks back in again.
Bitcoin is surprisingly predictable in its pricing, long term. It bubbles, pops, simmers for a while then bubbles again.
I'll invest after the next crash.
>>40565
>almost $12,000 now
wow what the fuck
last i heard bitcoin was like $700 and everyone shit themselves a few years ago. no wonder people keep saying the 'buy bitcoin' meme
>almost $12,000 now
wow what the fuck
last i heard bitcoin was like $700 and everyone shit themselves a few years ago. no wonder people keep saying the 'buy bitcoin' meme
God damn it, I had $300 to put in either Bitcoin or Ethereum and I chose Ethereum way back last year.
My Ethereum is now worth $1000 but if I chose Bitcoin I would've had around $5000.
Pissed off.
My Ethereum is now worth $1000 but if I chose Bitcoin I would've had around $5000.
Pissed off.
>>40567
are you sure you bought ethereum? last year it was under 10$, now it's nearing 500$. i don't know what's the fuss with bitcoin if alts grow much faster, bitcoin grew from 8k to 10k, but % wise it's still not that much becouse bitcoin is in late stage, imo ethereum will get to 1k faster than bitcoin will to 20k.
>>40561
you have nerves of steel, only 30% of my money aren't in crypto, but i'm still fomoing so fucking hard, in part becouse i believe in long term potential of crypto, so i should've just went all in a week ago instead of trying to dollar cost average.
are you sure you bought ethereum? last year it was under 10$, now it's nearing 500$. i don't know what's the fuss with bitcoin if alts grow much faster, bitcoin grew from 8k to 10k, but % wise it's still not that much becouse bitcoin is in late stage, imo ethereum will get to 1k faster than bitcoin will to 20k.
>>40561
you have nerves of steel, only 30% of my money aren't in crypto, but i'm still fomoing so fucking hard, in part becouse i believe in long term potential of crypto, so i should've just went all in a week ago instead of trying to dollar cost average.
>>40566
I really think this is the banks buying large amounts of bitcoin, driving up the prices. This shit is getting little exposure in the news so the general public isn't the ones buying in.
I really think this is the banks buying large amounts of bitcoin, driving up the prices. This shit is getting little exposure in the news so the general public isn't the ones buying in.
>>40570
Also if I am right that means we are not in a bubble. The price will drop once people start to panic sell but if the banks are vacuuming up all the bitcoins, the price should stay fairly constant and ridiculously high after a while.
Also if I am right that means we are not in a bubble. The price will drop once people start to panic sell but if the banks are vacuuming up all the bitcoins, the price should stay fairly constant and ridiculously high after a while.
>>40570
pretty much every news outlet reported that bitcoin hit $10k and there is a big bang episode about bitcoin, the public is aware. by no means i'm an expert on bitcoin, but i've heard that the price doesn't correct due to tether printing usd out of thin air, this kind of speculation won't end well.
pretty much every news outlet reported that bitcoin hit $10k and there is a big bang episode about bitcoin, the public is aware. by no means i'm an expert on bitcoin, but i've heard that the price doesn't correct due to tether printing usd out of thin air, this kind of speculation won't end well.
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btc fell down to 9k on bitfinex, it begins?
>>40572
>tether
>a coin with market cap of 700M
>moving a market with 10G daily volume
>and 150G market cap
ledditors have started spreading this shit and some dipshit from zerohedge is parroting them without questionning anything.
>>40575
surprisingly this is true. This madness is totally normal for a day at bitcoin. The price easily swings around 10% per day. Goes up a while then comes down 20% all of a sudden.
>tether
>a coin with market cap of 700M
>moving a market with 10G daily volume
>and 150G market cap
ledditors have started spreading this shit and some dipshit from zerohedge is parroting them without questionning anything.
>>40575
surprisingly this is true. This madness is totally normal for a day at bitcoin. The price easily swings around 10% per day. Goes up a while then comes down 20% all of a sudden.
For crypto to have a $300 billion cap, it means 100,000,000 people would have to invest $3,000 each. Is this even possible?
>>40577
Isn't market cap just (amount of coins in circulation)*(current value of 1 coin)?
In that case a lot of people bought it at $5-$10-$100-$1000 each. Also remember that just because it goes up to $100.000 / coin it doesn't mean anyone will buy it at that price. I'm fairly skeptical about the whole thing.
Isn't market cap just (amount of coins in circulation)*(current value of 1 coin)?
In that case a lot of people bought it at $5-$10-$100-$1000 each. Also remember that just because it goes up to $100.000 / coin it doesn't mean anyone will buy it at that price. I'm fairly skeptical about the whole thing.
just bought more eth, i wonder if vitalik is one of us, he seems pretty autistic and i'm not saying it in a bad way.
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>>40584
>Fried, Frank got NSA's permission to make this report available.
if crypto was somehow a us government project they wouldn't let it be published so early. and becouse of how blockchain works, i don't think it's even possible to create a backdoor.
>Fried, Frank got NSA's permission to make this report available.
if crypto was somehow a us government project they wouldn't let it be published so early. and becouse of how blockchain works, i don't think it's even possible to create a backdoor.
https://al3x.net/2013/12/18/bitcoin.html
interesting opinion, I found that part really accurate:
[i]To those less kind, Bitcoin has become synonymous with everything wrong with Silicon Valley: a marriage of dubious technology and questionable economics wrapped up in a crypto-libertarian political agenda that smacks of nerds-do-it-better paternalism. With its influx of finance mercenaries, the Bitcoin community is a grim illustration of greed running roughshod over meaningful progress.
Far from a “breakthrough”, Bitcoin is viewed by many technologists as an intellectual sinkhole. A person’s sincere interest in Bitcoin is evidence that they are disconnected from the financial problems most people face while lacking a fundamental understanding of the role and function of central banking. The only thing “profound” about Bitcoin is its community’s near-total obliviousness to reality.[/i]
interesting opinion, I found that part really accurate:
[i]To those less kind, Bitcoin has become synonymous with everything wrong with Silicon Valley: a marriage of dubious technology and questionable economics wrapped up in a crypto-libertarian political agenda that smacks of nerds-do-it-better paternalism. With its influx of finance mercenaries, the Bitcoin community is a grim illustration of greed running roughshod over meaningful progress.
Far from a “breakthrough”, Bitcoin is viewed by many technologists as an intellectual sinkhole. A person’s sincere interest in Bitcoin is evidence that they are disconnected from the financial problems most people face while lacking a fundamental understanding of the role and function of central banking. The only thing “profound” about Bitcoin is its community’s near-total obliviousness to reality.[/i]
>>40381
i bought a shitloat of RLC too. it has a lower market capitalization than the funds it got during the ICO, it has not started a marketing campaign yet even though they have already a working product, its team is made of PhDs with decades of experience in the cloud computing field. it is the least risky investment in the crypto industry
i bought a shitloat of RLC too. it has a lower market capitalization than the funds it got during the ICO, it has not started a marketing campaign yet even though they have already a working product, its team is made of PhDs with decades of experience in the cloud computing field. it is the least risky investment in the crypto industry
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Can you please help me getting started? I have $3 left on an old prepaid card and I would like to buy whatever bitcoin I can with it. I'm probably never going to buy bitcoin again. So how do I get started? There are dozens of websites and I'm completely clueless about which one to use. I just want to buy $3 worth of bitcoin and be able to withdraw it in cash some years from now in the most efficient way possible, that's all. What is the best exact way to do this? Can you please give me a step by step guide? I'm really retarded so the step by step part is very important. Thanks and I'm sorry if this has already been covered but I didn't see it.
Hating my life that I could've bought bitcoin at 3k and knew I should've but I don't understand anything about it so I didn't can't believe it's 12k now fml
>>40587
How did you buy it? I want to get into this and since wizard are praising it I feel like I could put a 20-35€ worth into it.
How did you buy it? I want to get into this and since wizard are praising it I feel like I could put a 20-35€ worth into it.
>>40587
i actually ended up buying just 70$ worth or RLC, it's a great project, but on this market it will not do anything for a while, just like most other legitimately good ICOs. i've ended up putting most of my money into ether followed by monero, once i get some gains from these, i will buy more iexec, modum and chainlink.
right now nobody cares about actual blockchain implementation, so putting all your money into ICOs will result in a soul crashing bagholding more often than not imo.
i actually ended up buying just 70$ worth or RLC, it's a great project, but on this market it will not do anything for a while, just like most other legitimately good ICOs. i've ended up putting most of my money into ether followed by monero, once i get some gains from these, i will buy more iexec, modum and chainlink.
right now nobody cares about actual blockchain implementation, so putting all your money into ICOs will result in a soul crashing bagholding more often than not imo.
>>40605
probably easiest way is to buy some on localbitcoins, it's not hard, just make sure the seller funds the escrow first before you send money.
probably easiest way is to buy some on localbitcoins, it's not hard, just make sure the seller funds the escrow first before you send money.
>>40586
is this trolling? what bitcoin has to do with silicon valley? even most blockchain startups have nothing to do with it afaik. and it couldn't be less accurate becouse since this was written blokchain tech made a lot of progress and we have bitcoin's success to thank for that. personally i don't think bitcoin will be all that important in the future, but blockchain will have an impact similar to that of the internet.
also, a list of articles you'll find to your liking
https://99bitcoinscom/bitcoinobituaries/
is this trolling? what bitcoin has to do with silicon valley? even most blockchain startups have nothing to do with it afaik. and it couldn't be less accurate becouse since this was written blokchain tech made a lot of progress and we have bitcoin's success to thank for that. personally i don't think bitcoin will be all that important in the future, but blockchain will have an impact similar to that of the internet.
also, a list of articles you'll find to your liking
https://99bitcoinscom/bitcoinobituaries/
>>40612
Silicon valley has become synonymous with “tech people” like “wall street” is commonly used to refer to the finance industry. These people generally have the same mindset and think very highly of themselves for all the wrong reasons. The author of the post was very right when he pointed out how out of touch they actually were. Consider how absurdly complicated cryptos are that only a handful of rain man types have a grasp of their inner workings. The whole ordeal makes the financial world sane in comparison, so when a couple of shady ideological-minded nerds manage to delude millions of fools into believing they are creating a new paradigm from the ground up there is good reason to remain skeptic.
I consider the doom & gloom regarding cryptos to be reasonable given the circumstances. These economists will be proven right in due time. For now they merely wonder how this fuckery is allowed to continue unabated. If it does get big outside of the usual crowds of money launderers, drugs dealers and greedy speculators it won’t be on its own merits but for it will serve some likely nefarious purpose.
Silicon valley has become synonymous with “tech people” like “wall street” is commonly used to refer to the finance industry. These people generally have the same mindset and think very highly of themselves for all the wrong reasons. The author of the post was very right when he pointed out how out of touch they actually were. Consider how absurdly complicated cryptos are that only a handful of rain man types have a grasp of their inner workings. The whole ordeal makes the financial world sane in comparison, so when a couple of shady ideological-minded nerds manage to delude millions of fools into believing they are creating a new paradigm from the ground up there is good reason to remain skeptic.
I consider the doom & gloom regarding cryptos to be reasonable given the circumstances. These economists will be proven right in due time. For now they merely wonder how this fuckery is allowed to continue unabated. If it does get big outside of the usual crowds of money launderers, drugs dealers and greedy speculators it won’t be on its own merits but for it will serve some likely nefarious purpose.
>>40615
bitcoin has as much to do with silicon valley as your local peddler has to do with wallstreet
>Consider how absurdly complicated cryptos are that only a handful of rain man types have a grasp of their inner workings
internet used to seem complicated too, a shitty html or javascript programmer would get paid boatloads of money, now someone like that would get paid pennies. we may be in a bubble, but just like dotcom bubble didn't kill internet, bitcoin bubble won't kill blockchain.
bitcoin has as much to do with silicon valley as your local peddler has to do with wallstreet
>Consider how absurdly complicated cryptos are that only a handful of rain man types have a grasp of their inner workings
internet used to seem complicated too, a shitty html or javascript programmer would get paid boatloads of money, now someone like that would get paid pennies. we may be in a bubble, but just like dotcom bubble didn't kill internet, bitcoin bubble won't kill blockchain.
>>40618
“break the banks”…
Well thats not reassuring.
If cryptos were a threat to central banks and governments (among other things) do you honestly believe they wouldnt attempt to at least rein them in? This crypto business gets stinkier and stinkier as it breaks into the mainstream.
“X is the future!! A revolution, a paradigm shift!!! We’re saved!” say all the frauds in techno-science. Cryptos wont save the world from material ruin any more than “green” technologies will save it from an ecological disaster. How come the so-called solutions to our various predicaments get progressively more complicated, and more out of touch with reality as time goes on?
“break the banks”…
Well thats not reassuring.
If cryptos were a threat to central banks and governments (among other things) do you honestly believe they wouldnt attempt to at least rein them in? This crypto business gets stinkier and stinkier as it breaks into the mainstream.
“X is the future!! A revolution, a paradigm shift!!! We’re saved!” say all the frauds in techno-science. Cryptos wont save the world from material ruin any more than “green” technologies will save it from an ecological disaster. How come the so-called solutions to our various predicaments get progressively more complicated, and more out of touch with reality as time goes on?
>>40619
>do you honestly believe they wouldnt attempt to at least rein them in?
it's as futile as taming the inernet. yes, we don't live in perfect societies, but internet managed to make even dictatorships more free, i.e. China where anyone can easily bypass censorship with VPN and access unbiased information, something that would've been far harder to do before the internet. if CCP could completely shut down the internet they would, but internet as a tool is to beneficial to it's economy, i would be like banning telephones or mail, same thing with cryptos, if you forbid them completely, you just gonna fall behind in progress and most likely your citizens will still end up using them as long they have access to the internet.
sure, crypto won't fix everything, but it will allow us to have completely transparent elections for example.
>How come the so-called solutions to our various predicaments get progressively more complicated, and more out of touch with reality as time goes on?
funny to hear such statements on the fucking internet lol.
>do you honestly believe they wouldnt attempt to at least rein them in?
it's as futile as taming the inernet. yes, we don't live in perfect societies, but internet managed to make even dictatorships more free, i.e. China where anyone can easily bypass censorship with VPN and access unbiased information, something that would've been far harder to do before the internet. if CCP could completely shut down the internet they would, but internet as a tool is to beneficial to it's economy, i would be like banning telephones or mail, same thing with cryptos, if you forbid them completely, you just gonna fall behind in progress and most likely your citizens will still end up using them as long they have access to the internet.
sure, crypto won't fix everything, but it will allow us to have completely transparent elections for example.
>How come the so-called solutions to our various predicaments get progressively more complicated, and more out of touch with reality as time goes on?
funny to hear such statements on the fucking internet lol.
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Where are all my LINKies at?
>>40622
Have 5,000 left after selling half my stack at 0.00042 ETH. Will buy back with profit tomorrow hopefully.
Have 5,000 left after selling half my stack at 0.00042 ETH. Will buy back with profit tomorrow hopefully.
>>40626
I have already made $100 profit from LINK, just sold at 21 cents, hopefully I can buy back tomorrow at a lower price.
I have already made $100 profit from LINK, just sold at 21 cents, hopefully I can buy back tomorrow at a lower price.
>>40610
I'm sorry but that's not very helpful. It says there I need a wallet. I went to https://www.bitcoin.com/choose-your-wallet/bitcoin-com-wallet, downloaded a .rar file and I'm installing it now. Is this safe? Is it what I'm supposed to do? I just have no idea what I'm doing.
I'm sorry but that's not very helpful. It says there I need a wallet. I went to https://www.bitcoin.com/choose-your-wallet/bitcoin-com-wallet, downloaded a .rar file and I'm installing it now. Is this safe? Is it what I'm supposed to do? I just have no idea what I'm doing.
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>>40640
Last night I was day trading LINK and made 200 extra LINK, up from 4669.
I'm so glad I bought back last night because it is now 25 cents, but I think it will go back down in the coming week/weeks.
Currently up $360.
Last night I was day trading LINK and made 200 extra LINK, up from 4669.
I'm so glad I bought back last night because it is now 25 cents, but I think it will go back down in the coming week/weeks.
Currently up $360.
>>40622
I only have 100 LINK so far but I'm trying to get more as I diversify with other cryptos. If it moons now at least I can afford a few free lunchables instead of lambotown.
I only have 100 LINK so far but I'm trying to get more as I diversify with other cryptos. If it moons now at least I can afford a few free lunchables instead of lambotown.
Both times I bought 1000$ of Raiden Binance bots instantly crashed the price by 0.0003 ETH, Ethereum is having network problems and this is supposed to fix it. I have a good feeling about this guys.
*Disclaimer*I sold all my REQ to buy this so if I'm wrong I may kill myself.
*Disclaimer*I sold all my REQ to buy this so if I'm wrong I may kill myself.
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>>40654
An extremely promising project stuck up massive buy walls instantly after I bought a significant amount. I really think this is a good time to buy in guys its the lowest its been in dollars in two weeks, it only launched less than a month ago and has had no marketing. I won't say buy in instantly but now is a good time to buy. Keep an eye on this one at any rate. Going to bed and I have a good feeling about tomorrow.
An extremely promising project stuck up massive buy walls instantly after I bought a significant amount. I really think this is a good time to buy in guys its the lowest its been in dollars in two weeks, it only launched less than a month ago and has had no marketing. I won't say buy in instantly but now is a good time to buy. Keep an eye on this one at any rate. Going to bed and I have a good feeling about tomorrow.
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I made this thread like a month ago now. I did it with the hope of being able to earn some "virtual money" by simply hitting the computer for hours and "mining" or whatever it is called filling all those stupid captchas.
Obviously then I hoped to convert this virtual money into real money.
The thread has advanced a lot and I've reviewed it, but apparently all this bitcoin crap has to do with investing, taking risks, withdrawing money from my account and even having to go to an ATM where I do not know what part of the city.
Right now I need money and I can not "invest" in virtual money that who knows how to convert it into real money. It is very disappointing.
Obviously then I hoped to convert this virtual money into real money.
The thread has advanced a lot and I've reviewed it, but apparently all this bitcoin crap has to do with investing, taking risks, withdrawing money from my account and even having to go to an ATM where I do not know what part of the city.
Right now I need money and I can not "invest" in virtual money that who knows how to convert it into real money. It is very disappointing.
>>40657
At what point would you need to go to an ATM? Coinbase lets you sell coins and deposit the proceeds directly to a bank account.
At what point would you need to go to an ATM? Coinbase lets you sell coins and deposit the proceeds directly to a bank account.
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>>40655
Worst trade of my life and i'm still not at a net loss the next day because of salt going up 30% overnight. Down by opportunity cost but I bought req so cheap its hard to care. Raiden needs to go back up soon or I will be worried though
Worst trade of my life and i'm still not at a net loss the next day because of salt going up 30% overnight. Down by opportunity cost but I bought req so cheap its hard to care. Raiden needs to go back up soon or I will be worried though
>>40657
You were thinking of crypto faucets not crypto mining. I have no idea how viable it is currently but people did make a fortune off bitcoin faucets when they were paying out pennies worth of bitcoins years ago because of the rise in value
You were thinking of crypto faucets not crypto mining. I have no idea how viable it is currently but people did make a fortune off bitcoin faucets when they were paying out pennies worth of bitcoins years ago because of the rise in value
>>40640
Thanks. Can I buy some $3 of bitcoins directly from any of you? I have tried using local bit coins, but the little I have doesn't even pay for transaction fees.
Thanks. Can I buy some $3 of bitcoins directly from any of you? I have tried using local bit coins, but the little I have doesn't even pay for transaction fees.
>>40667
Why do you want such a tiny amount? If its to buy a low market cap coin and hope its going to go up in value buy Ethereum instead of Bitcoin since the fees are far lower.
Why do you want such a tiny amount? If its to buy a low market cap coin and hope its going to go up in value buy Ethereum instead of Bitcoin since the fees are far lower.
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Holy shit LINKies, we are going to the moon.
Currently made $891 just from investing $845 3 weeks ago.
Currently made $891 just from investing $845 3 weeks ago.
>>40691
I bought at 24c 15c an 13c. I firmly believe it will drop back down to sub 20c unless the end of year news is huge.
I bought at 24c 15c an 13c. I firmly believe it will drop back down to sub 20c unless the end of year news is huge.
What do you guys have your money i for protection against bitcoin rising/crashing?
I'm in Salt and Raiden still.
I'm in Salt and Raiden still.
>>40711
Sold all my Raiden at a net 5% loss after a bit of selling at highs and buying lows. Was hoping to break even but it seems pretty stagnant . All in on salt.
Sold all my Raiden at a net 5% loss after a bit of selling at highs and buying lows. Was hoping to break even but it seems pretty stagnant . All in on salt.
do you think most people actually believe in bitcoin or it's just a greater fool kind of thing? i think it's the latter, becouse a lot of people sold btc for bcash when it looked like it might overtake btc, shows that they didn't have much faith in the original.
Just went all in on litecoin. Going against my usual risk management rules because im suicidal and fucked up and bored.
My reasons are that the ratio is very low and has dropped very fast, Coinbase is currently the number 1 most popular phone app and has litecoin on it, and in the last bubble litecoin pump hard just after the BTC peak which could possibly be any minute
My reasons are that the ratio is very low and has dropped very fast, Coinbase is currently the number 1 most popular phone app and has litecoin on it, and in the last bubble litecoin pump hard just after the BTC peak which could possibly be any minute
>>40715
i'm 60% eth and 20% monero, i can see those dividing bitcoin's riches between each other, ether will take the future of money concept from bitcoin and monero will take blackmarket(already did afaik) and store of value, i see no application in litecoin other than speculation on price.
i'm 60% eth and 20% monero, i can see those dividing bitcoin's riches between each other, ether will take the future of money concept from bitcoin and monero will take blackmarket(already did afaik) and store of value, i see no application in litecoin other than speculation on price.
>>40716
LTC will have atomic swaps and confidential transactions in the near future, so you'll essentially be able to seamlessly make anonymous BTC payments from an LTC wallet. Unlike ETH and Monero, all benefits made to BTC will be pushed into LTC first because it has such similar codebase with segwit
LTC will have atomic swaps and confidential transactions in the near future, so you'll essentially be able to seamlessly make anonymous BTC payments from an LTC wallet. Unlike ETH and Monero, all benefits made to BTC will be pushed into LTC first because it has such similar codebase with segwit
>>40715
Not a bad call short because it does tend to follow Bitcoin shortly after highs but with Bitcoins Lightning Network and Ethereums Raiden Network I see it going only down in future. Also Monacoin is a fork of LTC that I hae more faith in than LTC personally.
Not a bad call short because it does tend to follow Bitcoin shortly after highs but with Bitcoins Lightning Network and Ethereums Raiden Network I see it going only down in future. Also Monacoin is a fork of LTC that I hae more faith in than LTC personally.
>>40712
These are still my top two current picks and I would appreciate if someone else here would give me their opinion.
These are still my top two current picks and I would appreciate if someone else here would give me their opinion.
>>40720
very risky, that's all i have to say. if i were you i'd play it boring and put most money into something top 20.
very risky, that's all i have to say. if i were you i'd play it boring and put most money into something top 20.
>>40722
also, won't protect you from shit if bitcoin decides to actually crash, even giants like eth will end up wounded.
also, won't protect you from shit if bitcoin decides to actually crash, even giants like eth will end up wounded.
>>40722
I believe in this project. Taking out loans in Euro or Dollars with Bitcoin as collateral is genius. Its more than doubled in value since the lowest I bought in so it will be difficulty to make a loss.
I believe in this project. Taking out loans in Euro or Dollars with Bitcoin as collateral is genius. Its more than doubled in value since the lowest I bought in so it will be difficulty to make a loss.
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>>40724
Forget pic.
Forget pic.
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>>40724
this market will fail to appreciate even the greatest ideas, what is now rising might become a burden for years to come for whatever reason, though maybe i'm being to pessimistic.
also, from what i've heard they will have to work with banks and it will be very difficult, plus there is a lot of similar lending projects.
this market will fail to appreciate even the greatest ideas, what is now rising might become a burden for years to come for whatever reason, though maybe i'm being to pessimistic.
also, from what i've heard they will have to work with banks and it will be very difficult, plus there is a lot of similar lending projects.
>>40726
They won't have to work with banks unless the law changes which will take time. I plan on getting out of Salt before the end of this month one way or another
My entire portfolio is now 1018 Salt and 5000 chainlink that I bought at 13c and have in a wallet where it won't be touched for at least 6 months.If salt goes up Il probably buy another 5000 chainlink since 10,000 is 0.001% of the total supply.
The two most promising projects right now in crypto are link and salt in my opinion. Although I expect link to go back down to 20c in the short term. I also have my eye on ALIS and Raiden.
They won't have to work with banks unless the law changes which will take time. I plan on getting out of Salt before the end of this month one way or another
My entire portfolio is now 1018 Salt and 5000 chainlink that I bought at 13c and have in a wallet where it won't be touched for at least 6 months.If salt goes up Il probably buy another 5000 chainlink since 10,000 is 0.001% of the total supply.
The two most promising projects right now in crypto are link and salt in my opinion. Although I expect link to go back down to 20c in the short term. I also have my eye on ALIS and Raiden.
>>40728
Well done but posting figures like that will just attract beggars to the thread.
Whats the next step of your master plan?
Well done but posting figures like that will just attract beggars to the thread.
Whats the next step of your master plan?
>>40730
Monday will probably be remembered as the biggest day for cryptocurrency ever. Only a fool would cash out now.
Monday will probably be remembered as the biggest day for cryptocurrency ever. Only a fool would cash out now.
>>40730
Up 60% now, made another $100k. Why you trying to ruin my life with that bad advice?
Up 60% now, made another $100k. Why you trying to ruin my life with that bad advice?
so tomorrow starts the futures trading. Let's hope we don't see another 2013-esque market crash.
>>40735
It isn't bad advice. If you haven't made any real profit yet (that is you have money in your bank account), it is best to cash some of it out right now. Too many idiots get burned because they think their paper profits are going to last forever. Don't cash it all out but make sure you have some real money in your account right now.
It isn't bad advice. If you haven't made any real profit yet (that is you have money in your bank account), it is best to cash some of it out right now. Too many idiots get burned because they think their paper profits are going to last forever. Don't cash it all out but make sure you have some real money in your account right now.
>>40747 is right. Don't risk leaving with less than what you put in. The most responsible thing to do would be to withdraw your initial investment and ride on what's left.
>>40748
>The most responsible thing to do would be to withdraw your initial investment and ride on what's left.
I withdrew more than that years ago
>The most responsible thing to do would be to withdraw your initial investment and ride on what's left.
I withdrew more than that years ago
>>40726
>this market will fail to appreciate even the greatest ideas, what is now rising might become a burden for years to come for whatever reason, though maybe i'm being to pessimistic.
No, I think you're absolutely right because there's only a few coins that actually do what they say they are going to do and the rest are there solely for whales to push around the price. There's no real value in most of the cryptos save their utility/marketing, which is why BTC is 13k right now.
Asia cares about the technology and investment, US cares about how much money they can run away with, and everyone is caught in between.
No one is talking about real world usage for good reason. The market got crowded when ETH hit the stage and now everyone thinks that someone will pull another ETH. ETH was ETH, there isn't room for more nonsense like that, is what you would think.
>this market will fail to appreciate even the greatest ideas, what is now rising might become a burden for years to come for whatever reason, though maybe i'm being to pessimistic.
No, I think you're absolutely right because there's only a few coins that actually do what they say they are going to do and the rest are there solely for whales to push around the price. There's no real value in most of the cryptos save their utility/marketing, which is why BTC is 13k right now.
Asia cares about the technology and investment, US cares about how much money they can run away with, and everyone is caught in between.
No one is talking about real world usage for good reason. The market got crowded when ETH hit the stage and now everyone thinks that someone will pull another ETH. ETH was ETH, there isn't room for more nonsense like that, is what you would think.
hopefully ether will go on a bullrun soon like all the redditors and bagholders are predicting, the moment that happens i'm trading half of it for bitcoin, i know it's massively overvalued(a currency that is unusable as such), but if it actually crashes, the entire market might crash too. what's your opinion on that?
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>>40753
on a second thought, eth is so undervalued in sats and btc fees are supposedly insanely high, so i'd rather not touch bitcoin at all.
on a second thought, eth is so undervalued in sats and btc fees are supposedly insanely high, so i'd rather not touch bitcoin at all.
>>40755
i was lucky to get some monero before the recent pump, as for iota, i'm skeptical about it until it's implemented.
i was lucky to get some monero before the recent pump, as for iota, i'm skeptical about it until it's implemented.
>>40715
fuck im good, price has more doubled since this post check the time as I posted on 12/08/17
https://bitcoinwisdom.com/markets/bitfinex/ltcusd
$650k…
I know people are getting pissed off at me for posting/bragging but its not like I have anyone else to tell about it
fuck im good, price has more doubled since this post check the time as I posted on 12/08/17
https://bitcoinwisdom.com/markets/bitfinex/ltcusd
$650k…
I know people are getting pissed off at me for posting/bragging but its not like I have anyone else to tell about it
>>40775
I'm happy for you but post percentage gains not price in dollars or the thread will be shat on
I'm happy for you but post percentage gains not price in dollars or the thread will be shat on
>>40781
there are several coins like that on the way, the thing is, if it's not backed by something like gold or big government i don't see how it can be stable.
there are several coins like that on the way, the thing is, if it's not backed by something like gold or big government i don't see how it can be stable.
>>40782
I would imagine coins would become stable of there is widespread adoption, or people trade exclusively in the currency.
I would imagine coins would become stable of there is widespread adoption, or people trade exclusively in the currency.
>>40780
you can also use gyft.com to buy hundreds of different gift card
you can probably afford an accountant now, and if you can figure out a way to "prove" you held for over a year, and cash out less than 37.5k + 6k standard deduction a year you pay no long term capital gains at the federal level, maybe a few percent in state tax.
cashing out up to 400,000 is only 15% federal capital gains tax but i prefer to stay invested in cryptos and cash out what i need
you can also use gyft.com to buy hundreds of different gift card
you can probably afford an accountant now, and if you can figure out a way to "prove" you held for over a year, and cash out less than 37.5k + 6k standard deduction a year you pay no long term capital gains at the federal level, maybe a few percent in state tax.
cashing out up to 400,000 is only 15% federal capital gains tax but i prefer to stay invested in cryptos and cash out what i need
I think raiblocks is a good buy, specially if it dips. If you dont want to risk to go to a sketchy exchange, wait for it to get into a bigger one. It will probably dump a bit, then you buy some.
Everyone with a binance account who got 500 free Tron. Its now worth seven dollars.
Free money. I'm not selling until partnerships are released Friday
Free money. I'm not selling until partnerships are released Friday
>>40781
Yeah im really concerned about that. Usually I temporarily keep USD in Bitfinex but I don't trust it with so much money. If they asked me to verify for depositing so much I would be fucked. The terms of use say no verification is needed unless you use fiat deposit/withdrawal but it's still so risky. Especially because I've been really fucked over by exchanges in the past
Yeah im really concerned about that. Usually I temporarily keep USD in Bitfinex but I don't trust it with so much money. If they asked me to verify for depositing so much I would be fucked. The terms of use say no verification is needed unless you use fiat deposit/withdrawal but it's still so risky. Especially because I've been really fucked over by exchanges in the past
>>40781
>We really need a stablecoin
Unironically Doge has yet to fail me as a stable coin. Although it has gone up a lot recently so maybe not.
I'm 66% in Salt and 33% in Chainlink at the moment
>We really need a stablecoin
Unironically Doge has yet to fail me as a stable coin. Although it has gone up a lot recently so maybe not.
I'm 66% in Salt and 33% in Chainlink at the moment
ether went for the moon, monero keeps up, shit, i actually may end up "making it". too bad my shitcoins lost in eth value so much.
>>40810
Shitcoins are about to rise since all the big coins are stablising. I'm up 10% in sats on Salt from last night. Tempted to put it into something that hasn't done well lately.
Shitcoins are about to rise since all the big coins are stablising. I'm up 10% in sats on Salt from last night. Tempted to put it into something that hasn't done well lately.
seriously guys, when do you expect this bubble to pop? My father told me normies have been talking about memecoins in his workplace recently.
This is either the greatest bubble in the history of humanity or it will be the greatest disruption in fincance.
This is either the greatest bubble in the history of humanity or it will be the greatest disruption in fincance.
>>40819
Historically bitcoin goes down and alts go up around December/January. We are in uncharted territory. I'm all in on Salt and Chainlink at the moment.
Historically bitcoin goes down and alts go up around December/January. We are in uncharted territory. I'm all in on Salt and Chainlink at the moment.
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I have 1k usd in my coinbase wallet willing to throw away
between bitcoin, litecoin, and etherium which is my best bet?
and when is it all gonna come crashing down?
t. knowns nothing about cryptos or trading
between bitcoin, litecoin, and etherium which is my best bet?
and when is it all gonna come crashing down?
t. knowns nothing about cryptos or trading
>>40826
Ok, why ethereum over the others and when should I sell it by?
I know I'm asking to be spoonfed here but I really retarded about this stuff, if you don't feel like answering I understand but would appreciate if you could direct me to where I can learn more about this stuff. Thanks.
Ok, why ethereum over the others and when should I sell it by?
I know I'm asking to be spoonfed here but I really retarded about this stuff, if you don't feel like answering I understand but would appreciate if you could direct me to where I can learn more about this stuff. Thanks.
>>40827
Transactions are already faster and cheaper than the other two even though it is still only in phase 2 of 4.
Other tokens can use the Ethereum network (I own SALT and Chainlink.)
Note. I have no idea whether or not now is a good time to buy. All those coins have rose exponentially recently as you probably know.
Transactions are already faster and cheaper than the other two even though it is still only in phase 2 of 4.
Other tokens can use the Ethereum network (I own SALT and Chainlink.)
Note. I have no idea whether or not now is a good time to buy. All those coins have rose exponentially recently as you probably know.
I just feel sorry for all the suckers that have bought into the crypto currency hype recently lol.
>>40832
Whoops my mistake. I still see that as a reachable goal though so I'll keep at it. Beats losing at video games.
Whoops my mistake. I still see that as a reachable goal though so I'll keep at it. Beats losing at video games.
>>40825
50% eth, 25% ltc, 25% btc.
as for when it all crashes, nobody can predict such things, even if we are in a bubble it might go on for years.
>>40827
don't try to time the market, right now is not the worst time to buy.
>why ethereum over the others
like already mentioned by other mage, scaling already makes it better, i'd even go as far as to say that ethereum is bitcoin 2.0, creator of eth says that they are two different things, but i think it's what bitcoin should aim to be, programmable money, not digital gold or whatever.
50% eth, 25% ltc, 25% btc.
as for when it all crashes, nobody can predict such things, even if we are in a bubble it might go on for years.
>>40827
don't try to time the market, right now is not the worst time to buy.
>why ethereum over the others
like already mentioned by other mage, scaling already makes it better, i'd even go as far as to say that ethereum is bitcoin 2.0, creator of eth says that they are two different things, but i think it's what bitcoin should aim to be, programmable money, not digital gold or whatever.
just sold my 300 links for ether, making a small profit, i have a feeling ether will reach $1000 soon, i'd sell all my other alts i can't sell for usd too, but don't want to sell at a loss, then again, if they go up in USD, but never recover in eth i'll lose even more, right?
>>40838
Ethereum is shit. It is blockchain with apps. They claim to be scalable but whenever a big ICO happens, their network gets clogged into oblivion. Then on top of that they have a blockchain size that is going up exponentially. Bitcoin is going up lineary. No normal person will be able to operate a full node in a few years.
Then you have the eternal butters faggotry. This guy is not only a hobgoblin, he is also a greedy fucker. He literally reserved 70M ethers for himself and his clique. Then when ETH first reached a price of 7$ per unit he sold out a large chunk of his ETH to be a millionaire. Does this sound to you that he is 100% behind his project? Just for comparison:
Nakamoto has yet to spend a single bitcoin from his 1M BTC stash.
Of course this is just me beeing a hater and BTC maximalist but I find it important to point those things out.
Ethereum is shit. It is blockchain with apps. They claim to be scalable but whenever a big ICO happens, their network gets clogged into oblivion. Then on top of that they have a blockchain size that is going up exponentially. Bitcoin is going up lineary. No normal person will be able to operate a full node in a few years.
Then you have the eternal butters faggotry. This guy is not only a hobgoblin, he is also a greedy fucker. He literally reserved 70M ethers for himself and his clique. Then when ETH first reached a price of 7$ per unit he sold out a large chunk of his ETH to be a millionaire. Does this sound to you that he is 100% behind his project? Just for comparison:
Nakamoto has yet to spend a single bitcoin from his 1M BTC stash.
Of course this is just me beeing a hater and BTC maximalist but I find it important to point those things out.
>>40348
>It is blockchain with apps
stilll better than just blockchain
>They claim to be scalable but whenever a big ICO happens, their network gets clogged into oblivion
still scales more gracefully than btc
>shitting on vitalik
that's like shitting on one of us, the guy's a literal autistic virgin, so busy programming he forgets to eat.
>Does this sound to you that he is 100% behind his project?
he's not in it for the money which is why he constantly posts about his own creation(and crypto as a whole) being overvalued compared to how useful it is to the world.
>Nakamoto has yet to spend a single bitcoin from his 1M BTC stash.
for all we know he could be dead and the less coins one person has the better it is for the currency, imagine if he suddenly dumps his bags on us
>Of course this is just me beeing a hater and BTC maximalist
i see you guys are afraid of the flippening if you react this way.
>It is blockchain with apps
stilll better than just blockchain
>They claim to be scalable but whenever a big ICO happens, their network gets clogged into oblivion
still scales more gracefully than btc
>shitting on vitalik
that's like shitting on one of us, the guy's a literal autistic virgin, so busy programming he forgets to eat.
>Does this sound to you that he is 100% behind his project?
he's not in it for the money which is why he constantly posts about his own creation(and crypto as a whole) being overvalued compared to how useful it is to the world.
>Nakamoto has yet to spend a single bitcoin from his 1M BTC stash.
for all we know he could be dead and the less coins one person has the better it is for the currency, imagine if he suddenly dumps his bags on us
>Of course this is just me beeing a hater and BTC maximalist
i see you guys are afraid of the flippening if you react this way.
>>40846
>they have a blockchain size that is going up exponentially. Bitcoin is going up lineary. No normal person will be able to operate a full node in a few years.
Etherium is changing to proof of stake not proof of work.
>they have a blockchain size that is going up exponentially. Bitcoin is going up lineary. No normal person will be able to operate a full node in a few years.
Etherium is changing to proof of stake not proof of work.
>>40856
You needed to have an account a total portfolio value above 0.003 Bitcoin (about 25 dollars at the time) on Binance and they gave you fifty cent wort of tron with no user input required. It increased a lot in value since then.
You needed to have an account a total portfolio value above 0.003 Bitcoin (about 25 dollars at the time) on Binance and they gave you fifty cent wort of tron with no user input required. It increased a lot in value since then.
how come there is one new shitcoin created every day but there is no useful stuff like decentrallized uncucked exchanges or utilities that enable you to use your coins IRL?
>>40861
Bitshares has a decentralized exchange ( / /wallet.bitshares. org/) (stats: coinmarketcap . com/exchanges/bitshares-asset-exchange/) but it has little volume compared to the big centralized ones (#55 (14M a day today, not bad) which is not too bad, but still). Waves has one too with not much volume.
There are many in the making at too. I've heard there are some other ones already but i haven't checked them out and they probably have even less volume than bitshares.
Bitshares has a decentralized exchange ( / /wallet.bitshares. org/) (stats: coinmarketcap . com/exchanges/bitshares-asset-exchange/) but it has little volume compared to the big centralized ones (#55 (14M a day today, not bad) which is not too bad, but still). Waves has one too with not much volume.
There are many in the making at too. I've heard there are some other ones already but i haven't checked them out and they probably have even less volume than bitshares.
>>40861
Etherdelta is a fantastic decentralized exchange it just has a bit of a learning curve.
> utilities that enable you to use your coins IRL?
I'v been posting about Salt for ages in this thread. It lets you use bitcoin as collateral and take out a loan against it so if you cash out and the price of bitcoin rose since you locked it up as collateral when you pay off the loan you get your Bitcoin back and can then sell it at its new more valuable price. It is at all time high currently so I can't recommend buying unless you have been waiting for a service like this.
Etherdelta is a fantastic decentralized exchange it just has a bit of a learning curve.
> utilities that enable you to use your coins IRL?
I'v been posting about Salt for ages in this thread. It lets you use bitcoin as collateral and take out a loan against it so if you cash out and the price of bitcoin rose since you locked it up as collateral when you pay off the loan you get your Bitcoin back and can then sell it at its new more valuable price. It is at all time high currently so I can't recommend buying unless you have been waiting for a service like this.
I just went through this thread and realised every single coin mentioned in it is worth more in dollars than it was at the time of posting except POWR and the only post about POWR was me asking did I make a bad call and someone telling me I did and I followed their advice and got out of it.
This market is insane, the worst financial decision in the thread was me buying something at 85c that is now worth 68c.
Literally every other coin mentioned in this thread is at a higher price than it was at the time of posting.
The market has to crash soon.
This market is insane, the worst financial decision in the thread was me buying something at 85c that is now worth 68c.
Literally every other coin mentioned in this thread is at a higher price than it was at the time of posting.
The market has to crash soon.
>>40864
>Literally every other coin mentioned in this thread is at a higher price than it was at the time of posting.
not really, modum is still worth the same in usd, but it was down for a while and most importantly it lost value in eth and btc, nearly every shitcoin mentioned here did, i'm down as much as 50% in most of my coins, becouse eth and btc mooned.
>Literally every other coin mentioned in this thread is at a higher price than it was at the time of posting.
not really, modum is still worth the same in usd, but it was down for a while and most importantly it lost value in eth and btc, nearly every shitcoin mentioned here did, i'm down as much as 50% in most of my coins, becouse eth and btc mooned.
>>40865
>i'm down as much as 50% in most of my coins, becouse eth and btc mooned.
I never got this attitude. Yes you would have made more if you never bothered buying alts but surely that is just a loss in opportunity cost. I can totally understand how your goal is always increase your holdings of Bitcoin and/or ETH but as long as you are up in dollars I can't see it as a loss.
I'm >>40820
Amazingly i'm up in sats at the moment because Salt and Chainlink both are doing very well. I think I might be emotional trading not selling the Chainlink and trying to buy back later but i'm too afraid. Selling the Salt before the platform release seems crazy. I only seem to get anxious trading when i'm doing well.
>i'm down as much as 50% in most of my coins, becouse eth and btc mooned.
I never got this attitude. Yes you would have made more if you never bothered buying alts but surely that is just a loss in opportunity cost. I can totally understand how your goal is always increase your holdings of Bitcoin and/or ETH but as long as you are up in dollars I can't see it as a loss.
I'm >>40820
Amazingly i'm up in sats at the moment because Salt and Chainlink both are doing very well. I think I might be emotional trading not selling the Chainlink and trying to buy back later but i'm too afraid. Selling the Salt before the platform release seems crazy. I only seem to get anxious trading when i'm doing well.
File: 1513487981039.png (50.73 KB, 970x724, 485:362, Capture.PNG) ImgOps iqdb
LINK squad, get your space suits on
>>40866
>I never got this attitude
it's easy to understand really, i could've made more money if i just sat tight on ether, instead of learning all this info about say MOD and then staying up to the date with news to know when it might pump, worrying that ether might moon again. the moment my shitcoins regain value in gwei(if that ever happens), i'm selling, this is just not for me, too much stress when mainstream coins do 2x nearly each month. don't get me wrong, you absolutely can make a shitton of sats/gwei profit from shitcoins, but being in crypto is stressful enough as it is if you just hodl something mainstream.
>I never got this attitude
it's easy to understand really, i could've made more money if i just sat tight on ether, instead of learning all this info about say MOD and then staying up to the date with news to know when it might pump, worrying that ether might moon again. the moment my shitcoins regain value in gwei(if that ever happens), i'm selling, this is just not for me, too much stress when mainstream coins do 2x nearly each month. don't get me wrong, you absolutely can make a shitton of sats/gwei profit from shitcoins, but being in crypto is stressful enough as it is if you just hodl something mainstream.
>>40876
I understand why you are upset and feel stupid myself when I make a loss in sats but I still see it as a loss in potential gain not a net loss.
I wouldn't worry to much about MOD regardless, its a great product and you will probably make a profit in sats eventually. There is no point kicking yourself because you didn't buy it at the perfect time.
I understand why you are upset and feel stupid myself when I make a loss in sats but I still see it as a loss in potential gain not a net loss.
I wouldn't worry to much about MOD regardless, its a great product and you will probably make a profit in sats eventually. There is no point kicking yourself because you didn't buy it at the perfect time.
What is Bitcoin? Nobody knows. I do not mean that nobody can offer a string of plausible-sounding words that seem at a glance as if they are describing a real thing, and apply those words to Bitcoin or even to “Ethereum” or any other “digital coin” that is “mined” on a computer (fake). I mean that none of it makes any sense.
In my hand I hold a $20 bill. I can use it to buy a huge burrito at any of a dozen places within a ten block radius. On your computer you have a Bitcoin. Its value fluctuates wildly from month to month. You have no idea what you will be able to exchange it for tomorrow. You can’t buy a burrito with it anywhere. It is fake.
>“You don’t understand Internet 3.0 and the blockchain.”
Enjoy being broke when this made-up bubble pops.
>“This is the future of frictionless global finance.”
Enjoy being destitute because you took your real money and exchanged it for “Bitcoin,” a thing that your computer tells you you have even though it could be lying to you, and you think you can sell that to Greater Fools forever, but there are only so many Greater Fools in the world. You are engaged in the sort of financial collective delusion that seizes humanity with incredible regularity because people are willing to forget the lessons of history if they think they can get rich quick.
>“My friend made a ton of money in it already.”
That’s because your friend sold his Bitcoins to a Greater Fool—you. Enjoy the feeling of profound foolishness you will experience on the day when everyone wakes up and realizes they would rather have cash to buy burritos than “digital coins” that can, let’s see here, “pay for transaction fees and services on the Ethereum network.” Oh, that sounds better than cash money that can buy everything anywhere, sure. Great investment.
Instead of telling me computer words about what these digital currencies are, tell me this: Is it better than cash? That I hold in my hand? That buys me a burrito? That buys me a basketball? That buys me a house? That buys me a fighter jet? Is it better than that? No it is not. You are engaged in a massive global act of speculation that will inevitably crash and burn and leave people like you gnashing your teeth and rending your garments and searching your soul about why you went out and spent all your real money on fake “coins” that don’t “exist” except in everyone’s “imagination.”
The answer is that you were “greedy” and thought you could get “something for nothing” but actually you “can’t.”
Laugh your haughty laugh all you want. Enjoy calling me ignorant. I have a burrito and all you have is “code.” Yeah—code for “idiot.”
https://splinternews.com/all-this-bitcoin-stuff-is-fake-1797714696
In my hand I hold a $20 bill. I can use it to buy a huge burrito at any of a dozen places within a ten block radius. On your computer you have a Bitcoin. Its value fluctuates wildly from month to month. You have no idea what you will be able to exchange it for tomorrow. You can’t buy a burrito with it anywhere. It is fake.
>“You don’t understand Internet 3.0 and the blockchain.”
Enjoy being broke when this made-up bubble pops.
>“This is the future of frictionless global finance.”
Enjoy being destitute because you took your real money and exchanged it for “Bitcoin,” a thing that your computer tells you you have even though it could be lying to you, and you think you can sell that to Greater Fools forever, but there are only so many Greater Fools in the world. You are engaged in the sort of financial collective delusion that seizes humanity with incredible regularity because people are willing to forget the lessons of history if they think they can get rich quick.
>“My friend made a ton of money in it already.”
That’s because your friend sold his Bitcoins to a Greater Fool—you. Enjoy the feeling of profound foolishness you will experience on the day when everyone wakes up and realizes they would rather have cash to buy burritos than “digital coins” that can, let’s see here, “pay for transaction fees and services on the Ethereum network.” Oh, that sounds better than cash money that can buy everything anywhere, sure. Great investment.
Instead of telling me computer words about what these digital currencies are, tell me this: Is it better than cash? That I hold in my hand? That buys me a burrito? That buys me a basketball? That buys me a house? That buys me a fighter jet? Is it better than that? No it is not. You are engaged in a massive global act of speculation that will inevitably crash and burn and leave people like you gnashing your teeth and rending your garments and searching your soul about why you went out and spent all your real money on fake “coins” that don’t “exist” except in everyone’s “imagination.”
The answer is that you were “greedy” and thought you could get “something for nothing” but actually you “can’t.”
Laugh your haughty laugh all you want. Enjoy calling me ignorant. I have a burrito and all you have is “code.” Yeah—code for “idiot.”
https://splinternews.com/all-this-bitcoin-stuff-is-fake-1797714696
>>40883
so many people do not have moral values. i mean, they know that if you get more money from selling your coins at higher price, then someone will loose their money. they do not care.
they have no notion of value. just money. get more and more.
coins do not produce any value. no new discoveries will be made. no new houses will be built. only some money will flow from hands to hands.
huge electric bills. this happen while we have climate change problem. again, no value produced.
so many people do not have moral values. i mean, they know that if you get more money from selling your coins at higher price, then someone will loose their money. they do not care.
they have no notion of value. just money. get more and more.
coins do not produce any value. no new discoveries will be made. no new houses will be built. only some money will flow from hands to hands.
huge electric bills. this happen while we have climate change problem. again, no value produced.
>>40883
>In my hand I hold a $20 bill. I can use it to buy a huge burrito at any of a dozen places within a ten block radius. On your computer you have a Bitcoin. Its value fluctuates wildly from month to month. You have no idea what you will be able to exchange it for tomorrow. You can’t buy a burrito with it anywhere. It is fake.
All modern money is fiat. Modern Monetary Theory is extremely obscure, but you do not hold an exchange commodity of a universal and timeless $20 in that bill, you hold a nominal fiat of $20. Commodity dollars are distinct from fiat dollars and the supposed value of exchange between real dollars and nominal dollars is only guessed at by the flawed instruments of the consumer price index and any international exchange rate.
That bill which you hold is an exception, not a rule, with regards to money. The overwhelming majority of currency does not exist in paper or physical format. Estimates vary, but between 92% to 98% of U.S. dollars are said to exist solely as dancing electrons in the computer records of institutions of finance. All transfers between private banks and the Federal Reserve exist solely as pulses of energy in wire and satellite transfers reconciling electronic records. The paper bill is an expression of the dance of electrons between private institutions and the Federal Reserve, it is a note entitling someone to a pulse of electrons, it is less real than the electric flow for which a bank will exchange it and from which it first proceeded.
The American dollar's value fluctuates mildly and stably, eternally eroding, with semi-accurate estimates of its degradation at between 2% and 3% per year. The $20 bill is able to buy a burrito, for now. In the near future it will buy a burrito with less cash returned, and in the further future it will not buy a burrito at all. Other currencies built in the same manner as the American dollar fluctuate with much greater instability, and many currencies cannot buy any burritos anywhere. The Zim Dollar was based on the fiat of its government and could not buy a burrito in Zimbabwe.
The American Dollar's commodity value is worth the rate at which producers will accept it in exchange for their commodities. The bitcoin is accepted by Tesla, by Real Estate, and by the drug trade, and the Lightning Network is accepted by an expanding net of businesses. As more individuals worried about government seizures of their assets and freezing of their accounts move to it, as more prostitutes, drug dealers and terrorists adopt it, its utility will rise, and one day the total value of the bitcoin network might equal one half of the total value of the world's supply of gold, the previous stable storage of capital preferred by those for whom bank transfers and even cash were considered risky.
>In my hand I hold a $20 bill. I can use it to buy a huge burrito at any of a dozen places within a ten block radius. On your computer you have a Bitcoin. Its value fluctuates wildly from month to month. You have no idea what you will be able to exchange it for tomorrow. You can’t buy a burrito with it anywhere. It is fake.
All modern money is fiat. Modern Monetary Theory is extremely obscure, but you do not hold an exchange commodity of a universal and timeless $20 in that bill, you hold a nominal fiat of $20. Commodity dollars are distinct from fiat dollars and the supposed value of exchange between real dollars and nominal dollars is only guessed at by the flawed instruments of the consumer price index and any international exchange rate.
That bill which you hold is an exception, not a rule, with regards to money. The overwhelming majority of currency does not exist in paper or physical format. Estimates vary, but between 92% to 98% of U.S. dollars are said to exist solely as dancing electrons in the computer records of institutions of finance. All transfers between private banks and the Federal Reserve exist solely as pulses of energy in wire and satellite transfers reconciling electronic records. The paper bill is an expression of the dance of electrons between private institutions and the Federal Reserve, it is a note entitling someone to a pulse of electrons, it is less real than the electric flow for which a bank will exchange it and from which it first proceeded.
The American dollar's value fluctuates mildly and stably, eternally eroding, with semi-accurate estimates of its degradation at between 2% and 3% per year. The $20 bill is able to buy a burrito, for now. In the near future it will buy a burrito with less cash returned, and in the further future it will not buy a burrito at all. Other currencies built in the same manner as the American dollar fluctuate with much greater instability, and many currencies cannot buy any burritos anywhere. The Zim Dollar was based on the fiat of its government and could not buy a burrito in Zimbabwe.
The American Dollar's commodity value is worth the rate at which producers will accept it in exchange for their commodities. The bitcoin is accepted by Tesla, by Real Estate, and by the drug trade, and the Lightning Network is accepted by an expanding net of businesses. As more individuals worried about government seizures of their assets and freezing of their accounts move to it, as more prostitutes, drug dealers and terrorists adopt it, its utility will rise, and one day the total value of the bitcoin network might equal one half of the total value of the world's supply of gold, the previous stable storage of capital preferred by those for whom bank transfers and even cash were considered risky.
>>40890
what you say is nice and dandy but as long as your body is trapped in the 3D realm you have to play the game by their rules and when they say that fiat is legal tender you will have to play by their rules
government is always here to cuck you
what you say is nice and dandy but as long as your body is trapped in the 3D realm you have to play the game by their rules and when they say that fiat is legal tender you will have to play by their rules
government is always here to cuck you
>>40891
"Legal tender" only means that the Federal Reserve will send electrical pulses to financial institutions in response to a request being tended, it does not mean that house owners will be obligated to release their contracts to unowners if sufficient wads of paper are shoved at them, that requires negotiated contracts and signatures, nor that shop owners will exchange goods for specific sets of zeroes and ones, as even that requires procedures of purchase and qualifications, "no shirts no shoes no service." Prices are not set by fiat, but by markets. We have fiat money but no fiat prices, so the exchange value of legal tender is vague. If this were the Soviet Union or at least any sufficiently advanced planned economy then we would have fiat money coupled to fiat prices, but alas.
Bitcoin is not as real as the steadily falling dollar value, and nowhere near as real as the steadily rising value of ownership of Halliburton stock with value backed by imperial military ventures, this value being partly where the falling value of the dollar was redistributed. But bitcoin is as real as the heroin it is frequently used to purchase. The police will not enforce your right to own heroin purchased by electric pulses of internet bits the same way they will enforce your right to own shares of war profit purchased on the stock market, obviously, but because the heroin is personal property it is in some ways harder to eliminate than the private property of stock. It has immediate personal utility value and is immediately liquid. Value backed by small crimes such as heroin are different from value backed by large crimes such as military invasion, but from the small and limited perspective of any arbitrary individual this is hairsplitting, it only becomes relevant on the immense international macroeconomic and political scale.
"Legal tender" only means that the Federal Reserve will send electrical pulses to financial institutions in response to a request being tended, it does not mean that house owners will be obligated to release their contracts to unowners if sufficient wads of paper are shoved at them, that requires negotiated contracts and signatures, nor that shop owners will exchange goods for specific sets of zeroes and ones, as even that requires procedures of purchase and qualifications, "no shirts no shoes no service." Prices are not set by fiat, but by markets. We have fiat money but no fiat prices, so the exchange value of legal tender is vague. If this were the Soviet Union or at least any sufficiently advanced planned economy then we would have fiat money coupled to fiat prices, but alas.
Bitcoin is not as real as the steadily falling dollar value, and nowhere near as real as the steadily rising value of ownership of Halliburton stock with value backed by imperial military ventures, this value being partly where the falling value of the dollar was redistributed. But bitcoin is as real as the heroin it is frequently used to purchase. The police will not enforce your right to own heroin purchased by electric pulses of internet bits the same way they will enforce your right to own shares of war profit purchased on the stock market, obviously, but because the heroin is personal property it is in some ways harder to eliminate than the private property of stock. It has immediate personal utility value and is immediately liquid. Value backed by small crimes such as heroin are different from value backed by large crimes such as military invasion, but from the small and limited perspective of any arbitrary individual this is hairsplitting, it only becomes relevant on the immense international macroeconomic and political scale.
>>40892
What is a Bitcoin anyway? Nothing at all, as far as I can tell. First it was supposed to be a cryptocurrency comparable to money, only backed neither by a valuable commodity nor by any government's faith and credit - to me a big problem already - but now people are speculating wildly on it. People don't do that with a currency - the price of rubles might tank overnight, but will never shoot up 1000% - so it's plainly not a real currency, it's like overpriced collectible cards or any other item bought solely to resell it at a profit … except that the item being bought has no material existence and no guarantee of retaining any value or use whatsoever when the bubble pops. At least a tulip bulb can be planted for pretty flowers, or possibly eaten. And anyone who would take out a mortgage to buy more tulip bulbs is certifiably insane.
What is a Bitcoin anyway? Nothing at all, as far as I can tell. First it was supposed to be a cryptocurrency comparable to money, only backed neither by a valuable commodity nor by any government's faith and credit - to me a big problem already - but now people are speculating wildly on it. People don't do that with a currency - the price of rubles might tank overnight, but will never shoot up 1000% - so it's plainly not a real currency, it's like overpriced collectible cards or any other item bought solely to resell it at a profit … except that the item being bought has no material existence and no guarantee of retaining any value or use whatsoever when the bubble pops. At least a tulip bulb can be planted for pretty flowers, or possibly eaten. And anyone who would take out a mortgage to buy more tulip bulbs is certifiably insane.
>>40893
> What is a Bitcoin anyway?
A license to purchase heroin. Which, as a license to purchase heroin, therefore also has exchange value in the bribing of policemen, corrupting of politicians, and payment for services of prostitutes, backed by the current faith and credit of organized criminal syndicates and pimps. Trustworthy and upstanding individuals, clearly a sound foundation for a new model society. Still, only unvirgin scum stand to be harmed by the use-value of bitcoin, and there is no reason a wizard should not happily profit from legal speculation on normalfag problems.
If the sum value of cryptocurrencies were to reflect the sum value of the commodity they have greatest utility of exchange with, then the total value of the network, of all cryptocurrencies, would asymptote the net value of the international drug trade.
http://www.progressive-economy.org/trade_facts/world-drug-trade-50-billion/
Note that's only ~50 billion in import, but $100 billion in domestic spending in the United States.
This still indicates that the value of all cryptocurrencies is due for a sudden and sharp devaluation after the current speculative period ends, as the supposed market value of the Bitcoin network alone is currently valued equally or higher than the entire worldwide drug trade:
https://blockchain.info/charts/market-cap
> What is a Bitcoin anyway?
A license to purchase heroin. Which, as a license to purchase heroin, therefore also has exchange value in the bribing of policemen, corrupting of politicians, and payment for services of prostitutes, backed by the current faith and credit of organized criminal syndicates and pimps. Trustworthy and upstanding individuals, clearly a sound foundation for a new model society. Still, only unvirgin scum stand to be harmed by the use-value of bitcoin, and there is no reason a wizard should not happily profit from legal speculation on normalfag problems.
If the sum value of cryptocurrencies were to reflect the sum value of the commodity they have greatest utility of exchange with, then the total value of the network, of all cryptocurrencies, would asymptote the net value of the international drug trade.
http://www.progressive-economy.org/trade_facts/world-drug-trade-50-billion/
Note that's only ~50 billion in import, but $100 billion in domestic spending in the United States.
This still indicates that the value of all cryptocurrencies is due for a sudden and sharp devaluation after the current speculative period ends, as the supposed market value of the Bitcoin network alone is currently valued equally or higher than the entire worldwide drug trade:
https://blockchain.info/charts/market-cap
>>40864
POWR just rose to 90c. Every single coin in this thread is now at a profit in dollar value over the time of posting.
POWR just rose to 90c. Every single coin in this thread is now at a profit in dollar value over the time of posting.
>>40883
>In my hand I hold a $20 bill
people used to really distrust paper money, but at least back then it was backed by gold, now it's just paper. soon enough they will ban cash too(impossible for governments to track) and it will be just numbers on your credit card, this is when people will realize crypto isn't so weird, this is when fiat will start dying.
>Is it better than cash?
absolutely, it's not a hostage to the whims of a state, that already makes it better. even if we are in a bubble, crypto won't be killed by it, just like dotcom bubble didn't kill the internet. sure i'll lose some money, maybe all of it, but in such event i'll just take a loan to buy up the market while i can, even if it means eating bread and water while waiting for market to recover.
>In my hand I hold a $20 bill
people used to really distrust paper money, but at least back then it was backed by gold, now it's just paper. soon enough they will ban cash too(impossible for governments to track) and it will be just numbers on your credit card, this is when people will realize crypto isn't so weird, this is when fiat will start dying.
>Is it better than cash?
absolutely, it's not a hostage to the whims of a state, that already makes it better. even if we are in a bubble, crypto won't be killed by it, just like dotcom bubble didn't kill the internet. sure i'll lose some money, maybe all of it, but in such event i'll just take a loan to buy up the market while i can, even if it means eating bread and water while waiting for market to recover.
>>40896
also, i will not be selling my crypto for fiat when i'll "cash out", i'm instantly buying something like house or gold(and you can already buy it with btc) to secure my wealth in case crypto market crashes, never gonna hoard fiat, it's useless for everyone but governments.
also, i will not be selling my crypto for fiat when i'll "cash out", i'm instantly buying something like house or gold(and you can already buy it with btc) to secure my wealth in case crypto market crashes, never gonna hoard fiat, it's useless for everyone but governments.
>>40894
crypto is not just drugs, it's also an easy, fast way to hide your money offshore, which is why it's so popular among chinese rich.
crypto is not just drugs, it's also an easy, fast way to hide your money offshore, which is why it's so popular among chinese rich.
>>40896
The problem with bitcoin is that it's useless as a currency. It's way too volatile, you don't know what it'll be worth a week from now, and very few people accept it as a currency. People only want it for speculation.
The problem with bitcoin is that it's useless as a currency. It's way too volatile, you don't know what it'll be worth a week from now, and very few people accept it as a currency. People only want it for speculation.
>>40901
so, is currency all that matters? you know rich people don't give a shit for currency, they keep their wealth elsewhere, i.e. stocks. precious metals or real estate. besides, once crypto market is big enough, it will stop being so volatile. no way i'm selling my crypto for fiat to keep it in a bank like a good goy, i might sell to get some food and pay the bills, but that's about it, you can already buy airline tickets, computers and plenty of other stuff with crypto directly, depending on your country you might even pay the bills and order food. of course crypto is less convenient to use, but that's becouse the infrastructure it's not there yet, using crypto right now is like using a 1900s car on a muddy road, inevitably getting stuck and proclaiming that horses are the future becouse they won't get stuck and run out of fuel, most people actually thought this way.
so, is currency all that matters? you know rich people don't give a shit for currency, they keep their wealth elsewhere, i.e. stocks. precious metals or real estate. besides, once crypto market is big enough, it will stop being so volatile. no way i'm selling my crypto for fiat to keep it in a bank like a good goy, i might sell to get some food and pay the bills, but that's about it, you can already buy airline tickets, computers and plenty of other stuff with crypto directly, depending on your country you might even pay the bills and order food. of course crypto is less convenient to use, but that's becouse the infrastructure it's not there yet, using crypto right now is like using a 1900s car on a muddy road, inevitably getting stuck and proclaiming that horses are the future becouse they won't get stuck and run out of fuel, most people actually thought this way.
>>40903
Good post. Bitcoin is indeed still at an early stage. Lightning network and good payment processors are really desperately needed. Even the most popular exchanges are buckling under the demand at the moment
Good post. Bitcoin is indeed still at an early stage. Lightning network and good payment processors are really desperately needed. Even the most popular exchanges are buckling under the demand at the moment
bought 25$ worth of gifto GTO becouse i have some money lying around on binance, hope i can double my money, this is a new coin, it's not even on coinmarketcap yet, ico sold out in 1 fucking minute.
>>40907
aaand sold it for 5% loss becouse the price just keeps tanking, i should've known better than to buy something that already went 3x from ico.
aaand sold it for 5% loss becouse the price just keeps tanking, i should've known better than to buy something that already went 3x from ico.
>>40917
i don't like to long term hold low market cap coins unless i know there will be real need for them, even then they are only 10% of my portfolio. the reason is that i have more money in crypto than i can afford to lose, even 25$ is not such a small sum for me.
i don't like to long term hold low market cap coins unless i know there will be real need for them, even then they are only 10% of my portfolio. the reason is that i have more money in crypto than i can afford to lose, even 25$ is not such a small sum for me.
>>40929
that was some insane bcash pump. ether and monero as well as some other alts are doing well, i guess we get less and less dependent on btc price.
that was some insane bcash pump. ether and monero as well as some other alts are doing well, i guess we get less and less dependent on btc price.
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made 6$ by trading xmr
I fucked up big time and bought Bitcoin cash when it was ATH expecting at least 30% more out of it. You guys can guess what happened.
>>40936
I despise cash and hope it goes to zero but hold onto it for the minute and sell as soon as you break even. I don't think it has peaked yet.
I despise cash and hope it goes to zero but hold onto it for the minute and sell as soon as you break even. I don't think it has peaked yet.
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>sell some of my ether for usdt, expecting the market to continue plunging
>10 minutes later, the market starts to recover
good thing it's only 100$, should i wait or buy back?
>10 minutes later, the market starts to recover
good thing it's only 100$, should i wait or buy back?
>>40945
ok, looks like it was just a dead cat bounce. either way it was retarded of me to panic after just 10 minutes. when you think about it, ether and other alts are due to some correction after recent bullrun.
ok, looks like it was just a dead cat bounce. either way it was retarded of me to panic after just 10 minutes. when you think about it, ether and other alts are due to some correction after recent bullrun.
>>40908
It's sad that more and more new cryptocurrencies are just rapid pump n dumps. I find it hurts the integrity of cryptocurrencies being seen as a legitimate investment. Maybe I just take things too seriously.
>>40935
The NEET of Wall Street
>>40945
Patience is key. You'll make it just don't panic sell everything or go chasing bull runs (aka pajeet pump n dumps).
It's sad that more and more new cryptocurrencies are just rapid pump n dumps. I find it hurts the integrity of cryptocurrencies being seen as a legitimate investment. Maybe I just take things too seriously.
>>40935
The NEET of Wall Street
>>40945
Patience is key. You'll make it just don't panic sell everything or go chasing bull runs (aka pajeet pump n dumps).
>>40949
yeah, but pretty much any decision i make other than hodling is driven by emotions becouse i don't know shit about trading. on the other hand you could argue that using a small portion of portfolio to learn how to trade is not the worst idea ever.
yeah, but pretty much any decision i make other than hodling is driven by emotions becouse i don't know shit about trading. on the other hand you could argue that using a small portion of portfolio to learn how to trade is not the worst idea ever.
well, was fun while it lasted. can't lie I had high hopes for crypto, but as always inevitable had to happen
>>40955
that's your money anon I can't tell you what to do with it. I'm going to ride it all the way down or up.
that's your money anon I can't tell you what to do with it. I'm going to ride it all the way down or up.
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>>40956
alright ill do that too then
i know nothing about trading and markets i never should have even risked my hard earned money in the first place without educating myself first heh
alright ill do that too then
i know nothing about trading and markets i never should have even risked my hard earned money in the first place without educating myself first heh
Dream will be accepting BCH soon. I like monero, but the fees are too high. A cryptocurrency's value depends on its utility. I believe people will want cheaper, faster transactions.
Could easily be wrong, but I'll be HOLDLDING and keeping an eye on what's happening with BCH.
Could easily be wrong, but I'll be HOLDLDING and keeping an eye on what's happening with BCH.
>>40970
Iron hands. This is a bear trap and i'm upset I have no cash to buy Ethereum. My Salt and Chainlink could be doing much worse.
Iron hands. This is a bear trap and i'm upset I have no cash to buy Ethereum. My Salt and Chainlink could be doing much worse.
>>40971
I'm more upset about the fact I didn't sell at any point during the dip. Now that I'm here, down 30% I have to ride it all the way. Stay strong wiz bro.
I'm more upset about the fact I didn't sell at any point during the dip. Now that I'm here, down 30% I have to ride it all the way. Stay strong wiz bro.
>>40970
Even if LINK goes up to $5 per coin I'd still hold. I have high hopes for the future.
Even if LINK goes up to $5 per coin I'd still hold. I have high hopes for the future.
>>40970
I sold 75% so far
ive been in it since 2012 so Im getting PTSD of past dumps where it went down like 90%
I sold 75% so far
ive been in it since 2012 so Im getting PTSD of past dumps where it went down like 90%
Any wizzies mining ?
Just bought my first rig https://fr.pcpartpicker.com/list/wRZbNN
Will be adding 4 more cards over the months.
Roi should be 10-12 months, but I'm counting on mining low cap alts that could potentially moon.
Always wanted to mine and I finally took the jump with the gains I made from HODLING.
Just bought my first rig https://fr.pcpartpicker.com/list/wRZbNN
Will be adding 4 more cards over the months.
Roi should be 10-12 months, but I'm counting on mining low cap alts that could potentially moon.
Always wanted to mine and I finally took the jump with the gains I made from HODLING.
>>40970
I have been hodling since 2011 when I bought my first btc. I see btc as a kind of insurrance against a future global economic collapse where all fiat savings will be burnt up because the governments have created so much debts that they cannot fund themselves so they will raid the pension funds and savings accounts before everything melts down.
>oh gawd the market is down 30%
this is business as usual in btc. This is nothing, we had this a few times already. People were panicking harder when the chinks banned exchanges in September. The price went from 5K to 3K in a few hours then came back up.
I am not telling you to sell, hold or buy because this market is fucking insane and you never know what will happen. Some people say whales are now cashing out because their tax bills will be in USD and they want to be liquid. There was one mysterious trader who placed a btc bet on a futures market claiming the price will reach 50K by next year. He was betting USD 1M on the options. Then you have eternal bears who see a new market crash every week.
I have been hodling since 2011 when I bought my first btc. I see btc as a kind of insurrance against a future global economic collapse where all fiat savings will be burnt up because the governments have created so much debts that they cannot fund themselves so they will raid the pension funds and savings accounts before everything melts down.
>oh gawd the market is down 30%
this is business as usual in btc. This is nothing, we had this a few times already. People were panicking harder when the chinks banned exchanges in September. The price went from 5K to 3K in a few hours then came back up.
I am not telling you to sell, hold or buy because this market is fucking insane and you never know what will happen. Some people say whales are now cashing out because their tax bills will be in USD and they want to be liquid. There was one mysterious trader who placed a btc bet on a futures market claiming the price will reach 50K by next year. He was betting USD 1M on the options. Then you have eternal bears who see a new market crash every week.
>>40981
by next year you mean end of 2018? that's a very reasonable bet imo I can see that happening
by next year you mean end of 2018? that's a very reasonable bet imo I can see that happening
>>40981
>I see btc as a kind of insurrance against a future global economic collapse
Haha, this has to be one of the dumbest things I've read all day.
This is the same as saying that you're storing away eating utensils in case of a famine, it's nonsensical.
>I see btc as a kind of insurrance against a future global economic collapse
Haha, this has to be one of the dumbest things I've read all day.
This is the same as saying that you're storing away eating utensils in case of a famine, it's nonsensical.
anyone else happy this strong correction happened? sure, we lost some gains, but i think it proves we aren't in a bubble. if you bought at the top, just hodl, the market is already recovering.
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I bought in at 16 cents, is this good?
>>40995
yes, even in sats and gwei.
modum also did well in this market dip, though i'm still down in gwei, but eventually it will pay off.
yes, even in sats and gwei.
modum also did well in this market dip, though i'm still down in gwei, but eventually it will pay off.
>>40996
Neet here. Is it unwise to start investing with ChainLink now?how much do I need to have a chance to make profit with it? thanks
Neet here. Is it unwise to start investing with ChainLink now?how much do I need to have a chance to make profit with it? thanks
>>40986
Like gold hoarders, they dont realise that you cant eat precious metals. It’s even worse with bitcoins, imagine the internet is down, or worse: power outages… what good are your computer coins? whats the difference between you and the millions of laymen who cant even access their bank accounts?
Like gold hoarders, they dont realise that you cant eat precious metals. It’s even worse with bitcoins, imagine the internet is down, or worse: power outages… what good are your computer coins? whats the difference between you and the millions of laymen who cant even access their bank accounts?
mcafee tweeted dgb, bought some at 585 sats, riding the pump for the first time, nervous as fuck.
>>41018
don't buy it for quick buck, research the project, if you like it, buy it, but be prepared that it might not go anywhere for months. also, don't go all in on low market cap coins unless you absolutely know what you are doing.
don't buy it for quick buck, research the project, if you like it, buy it, but be prepared that it might not go anywhere for months. also, don't go all in on low market cap coins unless you absolutely know what you are doing.
>>40987
I only have btc (and bch and btg when they forked away), no other cryptos yet but I want to buy Radix worth 10 BTC when it comes out. They really are something entirely new instead the evergrowing amount of shitcoins and scam icos we see nowadays.
>>41020
I also have cash in the bank, cash at home and precious metals. Governments all over the world are in deep debt. More they ever had and on top of that they have trillions in unfunded liabilities (mostly pensions they will have to pay eventually). When they run out of money, they will raise taxes, raid the savings accounts and pension funds before the finally collapse totally and everything starts again at zero.
If you are left with only fiat in this scenario, you will have to start again at 0 like all the other people.
I only have btc (and bch and btg when they forked away), no other cryptos yet but I want to buy Radix worth 10 BTC when it comes out. They really are something entirely new instead the evergrowing amount of shitcoins and scam icos we see nowadays.
>>41020
I also have cash in the bank, cash at home and precious metals. Governments all over the world are in deep debt. More they ever had and on top of that they have trillions in unfunded liabilities (mostly pensions they will have to pay eventually). When they run out of money, they will raise taxes, raid the savings accounts and pension funds before the finally collapse totally and everything starts again at zero.
If you are left with only fiat in this scenario, you will have to start again at 0 like all the other people.
>>41021
bought not even 10 minutes after he tweeted and it's already so pumped i have trouble selling for the same price, truly you can't outjew the jew.
bought not even 10 minutes after he tweeted and it's already so pumped i have trouble selling for the same price, truly you can't outjew the jew.
>>41024
sold and lost around 5$, i've this is a reasonable thing to do if a trade is not working as you expected.
sold and lost around 5$, i've this is a reasonable thing to do if a trade is not working as you expected.
>>41023
Im not judging anyone, but it reminds me of doomsday preppers, whatever you do will not save you when some inevitable cataclysm happens. Personally I’m poor so i could not care less if governments decide to go all cyprus on us and my virtual money in the bank goes from 1 to 0 or -1. My point is that if or when shit hits the fan the situation will be so horrible that your nonexistent crypto wallet wont be worth shit, and even then whats to stop a government from seizing it, assuming it somehow still has value? Again: what if the net is down even temporarily?
Im not judging anyone, but it reminds me of doomsday preppers, whatever you do will not save you when some inevitable cataclysm happens. Personally I’m poor so i could not care less if governments decide to go all cyprus on us and my virtual money in the bank goes from 1 to 0 or -1. My point is that if or when shit hits the fan the situation will be so horrible that your nonexistent crypto wallet wont be worth shit, and even then whats to stop a government from seizing it, assuming it somehow still has value? Again: what if the net is down even temporarily?
>>41027
>My point is that if or when shit hits the fan the situation will be so horrible that your nonexistent crypto wallet wont be worth shit,
if it's gonna be so bad the governments will stop existing.
>and even then whats to stop a government from seizing it
there are many ways to hide crypto assets, all of them are easy compared to something physical.
>My point is that if or when shit hits the fan the situation will be so horrible that your nonexistent crypto wallet wont be worth shit,
if it's gonna be so bad the governments will stop existing.
>and even then whats to stop a government from seizing it
there are many ways to hide crypto assets, all of them are easy compared to something physical.
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Anyone else randomly receive bitcoin cash?
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>>41021
There's a rumor today on /biz/ that mcafee basically gets paid to shill coins on twitter. Some are saying it's legit and others fake.
Is anyone else getting sick of pumps in the morning and dumps at night of the same day? It really makes cryptocurrency look like a bunch of automated and coordinated pump n dumps.
There's a rumor today on /biz/ that mcafee basically gets paid to shill coins on twitter. Some are saying it's legit and others fake.
Is anyone else getting sick of pumps in the morning and dumps at night of the same day? It really makes cryptocurrency look like a bunch of automated and coordinated pump n dumps.
>>41031
that's how bad it will be if internet will stop existing(the only way to kill crypto), you are underestimating how much governments and especially banks rely on computers.
that's how bad it will be if internet will stop existing(the only way to kill crypto), you are underestimating how much governments and especially banks rely on computers.
>>41041
i'm not sure if he is getting paid to shill, but he is definitely making a killing from these pump and dumps.
i'm not sure if he is getting paid to shill, but he is definitely making a killing from these pump and dumps.
I have no idea how this works and I'm probably going to be shitposting here and on 4chad until I have a miner up and know what to mine for.
>>41041
that's not real mcafee. i don't think guys a shill i think he legitimately does the research and reads white paper of private coins before posting them.
that's not real mcafee. i don't think guys a shill i think he legitimately does the research and reads white paper of private coins before posting them.
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cryptoshills on suicide watch?
>>41065
No way you troll. This just means it's a good time to buy more. It's not like the value drops and then that's it, everyone's poor - prices will rise again. There are some wizards here who bought buckets of Ethereum at $5, so a mere %12 drop from $700~ is no reason to jump ship.
No way you troll. This just means it's a good time to buy more. It's not like the value drops and then that's it, everyone's poor - prices will rise again. There are some wizards here who bought buckets of Ethereum at $5, so a mere %12 drop from $700~ is no reason to jump ship.
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Wow, Bitcoin does in fact solve all your problems.
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Wizzies, Ripple is an excellent investment at the moment.
Why do I say this?
I say this because it is going to be listed on Coinbase, one of the most noobie friendly/popular exchanges and everyone is going to buy some because of the low price compared to Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
Why do I say this?
I say this because it is going to be listed on Coinbase, one of the most noobie friendly/popular exchanges and everyone is going to buy some because of the low price compared to Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
Follow this guys advice, he will make you very rich.
Also, do you own research too and if everything looks promising, invest.
Also, do you own research too and if everything looks promising, invest.
I think it would be funny if the market just kept going up and by 2020 we have the next techboom, the cryptoboom. Then it's not like the techcompanies that bust, because value is relative and extremely fast transaction wise not that DASH's technology is on every crypto. Everyone and their mother has a visa card with a crypto account across the world, there are new ICOs every week with hokey technology made by ten year old russian kids who get rich overnight.
I listened to some california radio online, they were upset that bitcoin went down 30%. All I could do was laugh. This isn't money anymore, it's just insanity. I'm going to sink as much as I can next year into this, it's not that I believe it'll work, it's that I believe people want it to work. They'll do anything to force usage up. As for price? Dunno. I wish it would drop myself, but the way the markets going I might as well buy in because next month it might be 100k and I'll be missing out on the easiest money possible in the existence of human kind.
I listened to some california radio online, they were upset that bitcoin went down 30%. All I could do was laugh. This isn't money anymore, it's just insanity. I'm going to sink as much as I can next year into this, it's not that I believe it'll work, it's that I believe people want it to work. They'll do anything to force usage up. As for price? Dunno. I wish it would drop myself, but the way the markets going I might as well buy in because next month it might be 100k and I'll be missing out on the easiest money possible in the existence of human kind.
>>41070
>ripple
>made and controlled by banks
people buy crypto to exit the banking system, why would anyone buy a .gov/banker shitcoin.
Seriously all this time passed and nobody created a decentrallized exchange. Nobody created a bitcoin alternative that actually fixes the problems of btc. It is really sad.
>>41080
this. There are tons of oldfag coiners who still sit on their hundreds of coins from 2009-2012. They bought them on localbitcoins or from the bitcointalk forums. Those people can not cash out conveniently as any exchange will ask them for source of funds (receipt where you bought them). The alternative is using localbitcoins but it is rare to find a dealer who can do more than 10K per transaction. Generally speaking this market is so fucking illiquid that it hurts. Basically they can only watch the titanic sink with all their precious coins on board.
>ripple
>made and controlled by banks
people buy crypto to exit the banking system, why would anyone buy a .gov/banker shitcoin.
Seriously all this time passed and nobody created a decentrallized exchange. Nobody created a bitcoin alternative that actually fixes the problems of btc. It is really sad.
>>41080
this. There are tons of oldfag coiners who still sit on their hundreds of coins from 2009-2012. They bought them on localbitcoins or from the bitcointalk forums. Those people can not cash out conveniently as any exchange will ask them for source of funds (receipt where you bought them). The alternative is using localbitcoins but it is rare to find a dealer who can do more than 10K per transaction. Generally speaking this market is so fucking illiquid that it hurts. Basically they can only watch the titanic sink with all their precious coins on board.
>>41093
>people buy crypto to exit the banking system, why would anyone buy a .gov/banker shitcoin.
>Seriously all this time passed and nobody created a decentrallized exchange. Nobody created a bitcoin alternative that actually fixes the problems of btc. It is really sad.
That's because the lolbertarian rhetoric about decentralized currency was an elaborate larp. The vast majority of people get into cryptos as a get-rich quick scheme, and the people who set up the exchanges do it to get rich off the people trying to get rich quick, similar to those who sold tools and rented rooms to prospectors during the gold rush.
>people buy crypto to exit the banking system, why would anyone buy a .gov/banker shitcoin.
>Seriously all this time passed and nobody created a decentrallized exchange. Nobody created a bitcoin alternative that actually fixes the problems of btc. It is really sad.
That's because the lolbertarian rhetoric about decentralized currency was an elaborate larp. The vast majority of people get into cryptos as a get-rich quick scheme, and the people who set up the exchanges do it to get rich off the people trying to get rich quick, similar to those who sold tools and rented rooms to prospectors during the gold rush.
>>41093
without government, exchanges will profit.
speculators will make profit (you).
but if government will support an electronic currency, then they will
1. control exchangers
2. reduce speculator ability
at the same time, as i understand, the total amount of crypto coins is limited (by the theory of the coins). government can't produce more coins when they want.
but if so, then that is good thing, no?
i'm not talking about ripple.
i'm curious, i'm not participating in this. i can be wrong.
without government, exchanges will profit.
speculators will make profit (you).
but if government will support an electronic currency, then they will
1. control exchangers
2. reduce speculator ability
at the same time, as i understand, the total amount of crypto coins is limited (by the theory of the coins). government can't produce more coins when they want.
but if so, then that is good thing, no?
i'm not talking about ripple.
i'm curious, i'm not participating in this. i can be wrong.
>>41093
>Those people can not cash out conveniently as any exchange will ask them for source of funds (receipt where you bought them)
receipts? people mine crypto and routinely throw it around between hundreds of wallets and exchanges, it's like asking a receipt for fiat. if you are an american, japanese or form any other country that recognize crypto cashing out is not hard as long as you pay taxes, but it might take a lot of time, there are limits like 2000$ a month, at least for normal people, but if you have millions in crypto and can't find an interested buyer you are probably not looking hard enough.
>Those people can not cash out conveniently as any exchange will ask them for source of funds (receipt where you bought them)
receipts? people mine crypto and routinely throw it around between hundreds of wallets and exchanges, it's like asking a receipt for fiat. if you are an american, japanese or form any other country that recognize crypto cashing out is not hard as long as you pay taxes, but it might take a lot of time, there are limits like 2000$ a month, at least for normal people, but if you have millions in crypto and can't find an interested buyer you are probably not looking hard enough.
>>41093
>Seriously all this time passed and nobody created a decentrallized exchange.
afaik there are such exchanges, but they aren't very popular yet. also, binance, a rather large exchange plans to become fully decentralized.
>Nobody created a bitcoin alternative that actually fixes the problems of btc.
to me, that's ethereum, pretty much fixes all bitcoin problems including energy consumption and being actually useful beyond buying drugs. if you want anonymity, small supply and pow there is monero. at the very least there is bch if you absolutely need a bitcoin name slapped onto everything.
>>41094
any innovation is first driven by speculation, i.e. the dot-com bubble, few people know that it's thanks to that craze lots of infrastructure for the internet was created, it wasn't just a speculative fad that ended in nothing of value being created. same thing with crypto, it might crash, but in the end there will be use for decentralized money. sure some people dumb enough to take mortgages will go broke, but not even the biggest crypto proponents say you should put more money into crypto than you are willing to lose.
i don't really get all this fud about collapse, put a $1000, forget about it and in a year you have 10k or more, or better yet get out your initial investment as soon as it doubles, there you go, minimum amount of risk compared to returns.
>Seriously all this time passed and nobody created a decentrallized exchange.
afaik there are such exchanges, but they aren't very popular yet. also, binance, a rather large exchange plans to become fully decentralized.
>Nobody created a bitcoin alternative that actually fixes the problems of btc.
to me, that's ethereum, pretty much fixes all bitcoin problems including energy consumption and being actually useful beyond buying drugs. if you want anonymity, small supply and pow there is monero. at the very least there is bch if you absolutely need a bitcoin name slapped onto everything.
>>41094
any innovation is first driven by speculation, i.e. the dot-com bubble, few people know that it's thanks to that craze lots of infrastructure for the internet was created, it wasn't just a speculative fad that ended in nothing of value being created. same thing with crypto, it might crash, but in the end there will be use for decentralized money. sure some people dumb enough to take mortgages will go broke, but not even the biggest crypto proponents say you should put more money into crypto than you are willing to lose.
i don't really get all this fud about collapse, put a $1000, forget about it and in a year you have 10k or more, or better yet get out your initial investment as soon as it doubles, there you go, minimum amount of risk compared to returns.
>>41099
i do not agree with your justification of speculation.
you want to use crypto currency as currency, right? at the same time, you try to justify speculation. speculation is what cause fluctuations and make currency useless, no?
i do not agree with your justification of speculation.
you want to use crypto currency as currency, right? at the same time, you try to justify speculation. speculation is what cause fluctuations and make currency useless, no?
Should you even bother to hold BTC if you're a poor neet and don't have much? I feel like I'm wasting my time and opportunity not trading altcoins. What do you guys think a poor wiz like me should do?
>>41118
buying now is probably retarded. I would wait for a market crash, load up on coins for cheap and then wart for the next rallye to sell them again.
buying now is probably retarded. I would wait for a market crash, load up on coins for cheap and then wart for the next rallye to sell them again.
>>41118
Buy covesting at their ICO, it is currently up until January 15th.
Use myetherwallet to contribute to their ICO and they will send you their ethereum based token to the same address you sent them the contribution.
Buy covesting at their ICO, it is currently up until January 15th.
Use myetherwallet to contribute to their ICO and they will send you their ethereum based token to the same address you sent them the contribution.
Any of you guys waiting for this radix thing?
I want to switch some of my BTC holdings into RDX as they claim their value will be stable.
I want to switch some of my BTC holdings into RDX as they claim their value will be stable.
>>41130
I heard about it in this thread a couple months ago, since you reminded me I joined their mailing list.
There's too many hyped everything right now. RDX looks promising, but I could say that about anything at this point. That's why I'll be staying in BTC/ETH/USDT. I'm too anxious to daytrade or bet on ICOs, the last one I was going to get into was PROPS and it sold out within seconds.
I heard about it in this thread a couple months ago, since you reminded me I joined their mailing list.
There's too many hyped everything right now. RDX looks promising, but I could say that about anything at this point. That's why I'll be staying in BTC/ETH/USDT. I'm too anxious to daytrade or bet on ICOs, the last one I was going to get into was PROPS and it sold out within seconds.
>>41117
i don't try to justify speculation, just saying it's inevitable, look at tesla stock it's overpriced as fuck too.
>you want to use crypto currency as currency, right?
i want crypto to be money, not currency. watch this on difference between currency and money.
i don't try to justify speculation, just saying it's inevitable, look at tesla stock it's overpriced as fuck too.
>you want to use crypto currency as currency, right?
i want crypto to be money, not currency. watch this on difference between currency and money.
File: 1514514045888.jpg (24.7 KB, 720x540, 4:3, 85296769b2bc8f7afba5a632bc….jpg) ImgOps iqdb
there is so many coins where do you guys check which ones are worth checking and reading about?
>>41137
yes and automobiles will never replace horses, and electricity will mever replace gas lamps, and internet will never replace tv, and people will never fly, everything will stay exactly as it is now, becouse that's how progress works.
>>41138
90% coins are useless clones and vaporware. maybe start by learning about big players, i.e. bitcoin, ethereum, ripple, litecoin.
there is no definitive resource where you can learn everything(at least to my knowledge), so watch youtube channels about crypto(aantonop is a very good one to learn what makes a good crypto), lurk on /biz/(but don't actually buy whatever they say to buy, instead read discussions) and on reddit(i mostly lurk ethtrader).
yes and automobiles will never replace horses, and electricity will mever replace gas lamps, and internet will never replace tv, and people will never fly, everything will stay exactly as it is now, becouse that's how progress works.
>>41138
90% coins are useless clones and vaporware. maybe start by learning about big players, i.e. bitcoin, ethereum, ripple, litecoin.
there is no definitive resource where you can learn everything(at least to my knowledge), so watch youtube channels about crypto(aantonop is a very good one to learn what makes a good crypto), lurk on /biz/(but don't actually buy whatever they say to buy, instead read discussions) and on reddit(i mostly lurk ethtrader).
>>41138
General indicators of a project beeing worth your time:
>dev team does not consist of former convicts and scam artists
>new coin is different from the rest in some way
>no ICO
>dev team has some prototype or alpha client instead of only a whitepaper
>new coin does actually fulfill a need
with beeing different I don't mean beeing 2 minutes per block instead of bitcoin's 10 minutes per block or having a cap at 210M coins instead of BTCs 21M cap. Like ethereum is a platform for contracts. Ripple is a settlement system for banks. Dash has instant transactions. Monero has anonymity. IOTA is for internet of things and has no fees etc.
When you research your product, ask yourself would you use this? Would it help you solve your problems?
General indicators of a project beeing worth your time:
>dev team does not consist of former convicts and scam artists
>new coin is different from the rest in some way
>no ICO
>dev team has some prototype or alpha client instead of only a whitepaper
>new coin does actually fulfill a need
with beeing different I don't mean beeing 2 minutes per block instead of bitcoin's 10 minutes per block or having a cap at 210M coins instead of BTCs 21M cap. Like ethereum is a platform for contracts. Ripple is a settlement system for banks. Dash has instant transactions. Monero has anonymity. IOTA is for internet of things and has no fees etc.
When you research your product, ask yourself would you use this? Would it help you solve your problems?
Since November I hold a relatively small amount in btc. Following the dollar cost averaging strategy, I'm going to steadily more fiat into crypto. Obviously my bet is that the price of Bitcoin rises over the timespan of several years.
>>40371
>Once the pump and dump is over there is also a high chance the government will make it illegal because rich people control the government (common knowledge 2017).
Good post but at this point you just FUD it up.
>>40371
>Once the pump and dump is over there is also a high chance the government will make it illegal because rich people control the government (common knowledge 2017).
Good post but at this point you just FUD it up.
>>41163
btc dominance is already just 38.3%, imo it's slowly dying. if you want to play it safe(judging by slowly dollar cost averaging), don't put all your money in one basket. if you don't know what else to buy, check these indexes out for some suggestions
iconomi net/dashboard/#/
btc dominance is already just 38.3%, imo it's slowly dying. if you want to play it safe(judging by slowly dollar cost averaging), don't put all your money in one basket. if you don't know what else to buy, check these indexes out for some suggestions
iconomi net/dashboard/#/
ChainLink seems like an interesting project, but how does it differ from Hyperledger Fabric?
Hyperledger does the same thing and it's not a garage project, it's developed by IBM, has corporate backing, it's part of the Linux foundation…
Or is ChainLink going to be the poorfag startup/small company's Hyperledger?
Hyperledger does the same thing and it's not a garage project, it's developed by IBM, has corporate backing, it's part of the Linux foundation…
Or is ChainLink going to be the poorfag startup/small company's Hyperledger?
Bought into Deepbrainchain DBC at $0.08.
This is the highest risk I have ever taken gambling shitcoins.
This is the highest risk I have ever taken gambling shitcoins.
>>41188
Hyperledger Fabric and other blockchains (ethereum, corda, etc.) have no way of bringing data securely onto the blockchain. Chainlink does this via a network of oracles using data from APIs. (Vitalik has a good blog post somewhere explaining why ethereum doesn't have this ability natively and why he prefers a third party to develop this capability separately). Chainlink can run on any blockchain, including Hyperledger, which I believe is what it did for the SWIFT PoC.
Hyperledger Fabric and other blockchains (ethereum, corda, etc.) have no way of bringing data securely onto the blockchain. Chainlink does this via a network of oracles using data from APIs. (Vitalik has a good blog post somewhere explaining why ethereum doesn't have this ability natively and why he prefers a third party to develop this capability separately). Chainlink can run on any blockchain, including Hyperledger, which I believe is what it did for the SWIFT PoC.
>>41146
>90% coins are useless clones and vaporware
>>41155
>>41188
>>41469
I don't agree with the fundamentals analysis approach when it comes to crypto. Nothing I've seen about 'will the project work?" has paid off since I've been looking at it. Look at STOJ, people using it, didn't become a decent 'investment'. We're in a hype-based, marketing-based economy here. I think that a lot of people want to talk about how they want to be there when the next ETH comes along, but I think you're better off spreading your bets and not relying on technology.
Chainlink for instance is promising things that they haven't delivered. They have people talking about it non-stop on imageboards, which means that people will buy in, get upset that they aren't rich when the price dips, then sell. Whoever sticks around the longest wins it seems.
>90% coins are useless clones and vaporware
>>41155
>>41188
>>41469
I don't agree with the fundamentals analysis approach when it comes to crypto. Nothing I've seen about 'will the project work?" has paid off since I've been looking at it. Look at STOJ, people using it, didn't become a decent 'investment'. We're in a hype-based, marketing-based economy here. I think that a lot of people want to talk about how they want to be there when the next ETH comes along, but I think you're better off spreading your bets and not relying on technology.
Chainlink for instance is promising things that they haven't delivered. They have people talking about it non-stop on imageboards, which means that people will buy in, get upset that they aren't rich when the price dips, then sell. Whoever sticks around the longest wins it seems.
>>40715
I made this post. I'm a millionaire now
I still want to kill myself. Trying to figure out how to move out of home to a better country but it seems like so much hassle when I can just die instead. If money doesn't make me happy maybe that will be a waste of time too
I made this post. I'm a millionaire now
I still want to kill myself. Trying to figure out how to move out of home to a better country but it seems like so much hassle when I can just die instead. If money doesn't make me happy maybe that will be a waste of time too
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