Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. Pharm

    Pharm Right Handed
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    Can someone start shilling qash so I can unload my massive bags
     
  2. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Woah at PPT
     
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  3. mal630

    mal630 Well-Known Member
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    I'm having a hard time with getting a binance account.
     
  4. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    What issues are you having?
     
  5. mal630

    mal630 Well-Known Member
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    Getting it to accept the photos. Just stays with the submit button pressed for minutes... I assume I have to get this done to be able to add money? GDAX had a timer so you at least knew something was happening.
     
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  6. prerecordedlive

    prerecordedlive Sworn Enemy of Standard Time
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    I had to do it on a computer. Phone never made progress.
     
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  7. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
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    $500/month on each litecoin and eth. Good or bad?
     
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  8. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    You can’t use dollars on Binance. You need to buy BTC, ETH or LTC (I’d recommend LTC) on GDAX and move it to Binance. They only deal in cryptos. You shouldn’t have to do any levels of verification on Binance so long as you’re not moving around more than 2 BTC worth of funds.
     
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  9. mal630

    mal630 Well-Known Member
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    So you just looked into that and you have to pay like 14 dollars to transfer bitcoin over. I just realized litecoin is much cheaper to send.
     
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  10. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
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    So how do you get usd? Convert to some alt.thats on coinbase?
     
  11. arrdub

    arrdub Well-Known Member
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    Florida State Seminoles

    Following the XRP herd

    It’s only money right?
     
  12. InZahnWeTrust

    InZahnWeTrust Well-Known Member
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    Does a buy and hold strategy with any of the 3 Coinbase coins yield 1000%+ return in the next 12 months?
     
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  13. Pharm

    Pharm Right Handed
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    If I knew, I likely wouldn't be here

    Oh 1000 percent not 1000x. Yeah, I could see 10x, I could also see other coins take them. Over
     
  14. mal630

    mal630 Well-Known Member
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    What other coins should we treat like penny stocks and get in on?
     
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  15. oprostaj

    oprostaj Well-Known Member
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    Holy shit guys. Some of these questions are terrifying. Y'all are hoping you're going to get rich overnight. Read the last 15 pages, it will answer a lot of questions. Please don't throw your money carelessly hoping something sticks. That's how you lose your ass.
     
  16. prerecordedlive

    prerecordedlive Sworn Enemy of Standard Time
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    Only invest what you can afford to lose. If you’re really nervous after you make your money back, hedge and let it ride.
     
  17. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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  18. Pharm

    Pharm Right Handed
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    GO over to reddit.com/r/cryptoCurrency read some posts, find a coin that interest you. Then research it. Read its white paper, it's slack/own reddit.. If it sounds good, then invest. There is just too much information out there to give you a simple answer.
     
  19. LeVar Burton

    LeVar Burton Knee deep in a dynasty, ROLL TIDE!
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    Think xrp could be one of the next ones to pop

    Looks like that's not groundbreaking news in here...go TMB!
     
    #2119 LeVar Burton, Dec 12, 2017
    Last edited: Dec 12, 2017
  20. Jeffrey Lebowski

    Jeffrey Lebowski Obviously you're not a golfer
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    I setup sell orders to sell my LTC at .0125

    Seems like a good call two weeks ago.

    Now it’s hitting .015

    I made a hell of a profit but could have made more
     
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  21. Jeffrey Lebowski

    Jeffrey Lebowski Obviously you're not a golfer
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    Also, hit 100 VTC today. May build a trio GPU rig to add to my 2 rigs now. Hosting a node and have 18 people on it right now. Getting a nice little 1% fee from them.

    Not as profitable as ASIC miners, but I like the grassroots vibe of GPU mining. Too many political issues with ASIC
     
  22. LeVar Burton

    LeVar Burton Knee deep in a dynasty, ROLL TIDE!
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    How much does a setup cost?
     
  23. Jeffrey Lebowski

    Jeffrey Lebowski Obviously you're not a golfer
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    The trio is usually 2 1080Tis and 1 1070Mini.

    My gaming rig produces roughly 1.25-1.5VTC per day. Two 1080Ti graphics cards are $1600 just for that. I don’t really consider it a mining expense as I had the setup already for pc gaming.

    My other pc has a couple of 980Ti’s doing a decent job.

    If I build the trio rig, I’ll have to consider it a mining expense and run some ROI projections to see if it’s worth it. I’m thinking 12-13 months ROI at current values. Could be shorter assuming the difficulty stays roughly the same.
     
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  24. captbunch

    captbunch Fan of: Texas Tech, Texas Rangers
    Donor TMB OG

    One of the many time when Charlie Brown is playing in my head “blah, blah blah blah blah”

    You could have typed that in Russian or Chinese and I would have userstanded the same amount of words
     
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  25. tmbrules

    tmbrules Make America Great Again!
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    What am i misinformed about?
     
  26. tmbrules

    tmbrules Make America Great Again!
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    https://www.cnbc.com/2017/12/11/bit...on-warns-on-cryptocurrencies-munchee-ico.html

    The futures contract at the CBOE is pretty tame. Volume of about 3500 contracts yesterday and 400 so far in the overnight session. The market is only 1-2 futures up on both sides, meaning very illiquid.
    I think the market is being highly regulated and clearing houses don't want the exposure. I thought the volume would be much higher with a lot more interest.

    I think part of the problem (for professional traders) is that people are highly suspect about the settlement process being exposed to manipulation. Since there is no regulation of bitcoin, there is nothing preventing massive fraud on the bitcoin exchanges during the settlement process. So a big player can play by all the rules on the exchange side, yet manipulate from the bitcoin side and it would be totally legal.

    Now, the Winklevoss twins have come up with a pretty decent process, a Walrasian Auction, for the settlement but i think a lot of the players will sit out and watch from the sidelines for a while.

    Going forward the easy money in bitcoin will be the arbitrage opportunities and not just straight up trading. The spot value was trading $1500 away from the futures value yesterday and that just won't last. Lots of opportunities in the coming weeks and months to trade this from multiple angles.
     
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  27. New user

    New user Well-Known Member
    TMB OG

    LTC going fucking nuts
     
  28. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Tripled in a week
     
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  29. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Yeah buy one of the big 3 on Coinbase and move it over. Once you get ETH or LTC to Binance you can swap it to BTC. The fee to move it is less and you’ll have it in your Binance account faster
     
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  30. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
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    Thanks man
     
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  31. arrdub

    arrdub Well-Known Member
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    :theswarm:

    DO NOT try to send BTC from Coinbase to Binance - unless you’re into giving up 30% in fees

    Lessons learned GBR IYAM NFM etc
     
  32. LeVar Burton

    LeVar Burton Knee deep in a dynasty, ROLL TIDE!
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    tmbrules About the futures contracts, CBOE futures contracts involve 1 BTC and CME will be 5. That’s like trying to save a ship from sinking with a tea cup. I really hope you put at least $100 in coinbase on all 3 before thanksgiving.
     
  33. mal630

    mal630 Well-Known Member
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    I went from coinbase to GDAX to Binance and it didn't cost much.
     
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  34. mal630

    mal630 Well-Known Member
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    Set up an alert to get it when it dropped below 200, now wondering if I buy back in before it hits 400.
     
  35. tmbrules

    tmbrules Make America Great Again!
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    Funny you should say that, i bought $100 of bitcoin yesterday ..... but i don't get it until December 20th.

    So where are the exchanges that process the fastest. anyway i can get a bitcoin trade up in say hours instead of days?
     
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  36. New user

    New user Well-Known Member
    TMB OG

    yes. create a gdax acct, wire money into gdax, should show up mid-afternoon (1ish is pretty normal), and then you can buy immediately.
     
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  37. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Did you buy on Coinbase? If you buy with a CC instead of bank wire you should get it faster.
     
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  38. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    LTC just blew right through $300

    Was at less than $100 last week.
     
  39. Joe Withabee

    Joe Withabee PS I have sifulus
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  40. New user

    New user Well-Known Member
    TMB OG

    it's at $400.
     
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  41. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Where? It’s at $330 on Binance

    Edit: Nvm I see it now
     
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  42. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Holy shit at the premium for LTC on GDAX. Need to start buying more on Binance and selling it on GDAX
     
  43. Odin

    Odin social distancing since 1990
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  44. Gallant Knight

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    I'm going to buy more fuck it
     
  45. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Total market cap is going to break through $500B today.
     
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  46. Houndster

    Houndster Well-Known Member
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    Holdings have went from $11k to $13.5k in a day

    I like this
     
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  47. mal630

    mal630 Well-Known Member
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    That is a good idea right now.

    Edit: Having to verify my work computer for coinbase, GDAX, and Binance so I can move all the BTC around is a fucking chore.
     
    #2147 mal630, Dec 12, 2017
    Last edited: Dec 12, 2017
  48. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
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    Why doesn't everyone use coinbase for ltc/btc/eth???
     
  49. prerecordedlive

    prerecordedlive Sworn Enemy of Standard Time
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    So Ripple could have one of these long trajectories like LTC if it gets added to Coinbase right? Heavy traffic and new users will likely jump all over the low price?
     
  50. mal630

    mal630 Well-Known Member
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    The fees are higher than GDAX if you are day trading like an idiot like me. Also at least with my limited knowledge, I can move money to other exchanges from GDAX and not from coinbase.
     
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