not gonna "lose" shit as long as he starts selling it. would have to be a real naive optimist to hold onto that for any amount of time without at least selling a decent/most of it.
The $5M was cashed out earlier in the year. That guy went back in with $3M of it though. The guys I work with are only in about $30k as of yesterday.
The largest darkmarket, Alphabay introduced monero early 2017 and ETH was implemented this May. Darknet markets have a little impact on BTC due to China and being one of the earlier cryptos, but I bet ETH is a pump and dump. Could be completely wrong, who knows?
Educate me on some various digital currency that might be good to invest in. I'm thinking about cashing out some of my company stock in something.
Nice little run up today for almost everything. Between today, yesterday, and Friday I'm up almost 100% over the last three days.
Who in here has owned at least one bitcoin the longest? Like most, I've had a daydream or two about throwing $1,000 at bitcoin back in '10. I just saw that $1 invested in July '10 is worth $33,700 today. That makes me realize there is zero chance I'd have had the stomach to hold onto that investment this long with all the wild swings. So who has held onto at least some BC the longest?
does mining during that period and then reformatting the hard drive that contained some number of coins count? and fwiw, it's not like i thought at the time that it was an investment. frankly i thought it was more of a political statement than something that could turn into currency, which was obviously wrong.
As long as you had at least a few bitcoins, and have never had your balance go to 0 after that.. yes.
At that time, mining was kind of a joke, to be honest. SETI more or less farms out its calculations to volunteers running their PCs/laptops overnight. I mined bitcoin with that intention, because one of my close friends was all about the political ramifications of a decentralized currency. We're talking about stuff you do with your laptop/PC during its downtime. If I had any inclination that it would be worth $2700 per bitcoin, I would not have wiped my hard drive. I would not have been rich but it would have paid for my rent for four years and my second stint in school.
also full disclosure: i thought mining coins after, like, 2012 or 2013 was stupid because of the power bill
Anyone play with other currencies? Just bout a few Stratis coins....using the bittrex exchange. Once I get~$1k, how do I store them off the block chain?
I bought 30 when they were $7 each. Spent most on shit through the silk road, but was able to sell half for $220/coin.
Coinbase, one of the trading platforms, was down for a few hours yesterday. I ended up blowing all my Bitcoin gambling, so I didn't make anything off that (bought around $650). I did buy 5 Ethereum when it was $13, so that's been nice. I also bought 5 Litecoins a month ago. I admittedly don't know anything about them.
It dropped about 15% yesterday but it wasn't really crashing. It's seeing a bit of a correction right now after breaking $3000.
Like 4 years some technologist projected they'd reach $10k each. I was Yao face. Now I'm sad I didn't go all in.
It's still not too late to get in. Buy some Ethereum right now. It's definitely going to eventually reach bitcoin levels if not eventually pass it.
I'm trying to find a way to purchase some factom. Looking to buy that cheap and hope for a good return years down the road. I think I can purchase it on poloniex but have to figure out how.
I recently sunk about $100k into various companies over the last few weeks. Not day trading but looking to hold for a few years.
Also you guys should use the Blockfolio app to track your holdings. Probably harder if day trading but good for long-term.
It's like 3% on Coinbase which is beatable. However ease of use and bank account/debit purchasing options are great. TBH it's easier than paying bills on my Wells Fargo app.
Bought into BTC at $1100 and sold at $2300ish. Didn't have much anyway. Now most of my holdings are in ETH and LTC. Currently slowly mining as well. Only about $15 a day but eh, better than nothing. Shame LTC can't really hit that next tier, been stuck under $30 for a month.
I'm curious about mining. What if I were to buy 10 computers dedicated to mining? Would it pay out in a decent amount of time to be worth it? As someone else mentioned, does the electrical bill eat into profits too much? After googling a little bit I found some mining calculators that are helpful too.
What is mining? I tried to buy more eth when it dropped to $320 yesterday but Coinbase was down. Anyone know anything about Litecoin? Seems worth buying 30 to see if it pops like the others.
Local bitcoins if there is a person in your area to meet. As far as moving one crypto to another poloniex is by far the best. https://m.poloniex.com/ https://m.poloniex.com/#/exchange
Do you still have your wallet updated or the dat. file? I lost around $1,000 switching computers and not thinking about it.
Mining on a large scale is not worth it. Impossible to compete with the mining farms in China and the few here in the PNW. I fuck around with computers and was lucky enough to jump on RX480s before they got super expensive. Currently have a 6 GPU rig and my own personal computer with 3 GPUs mining. Hash rate is about 24 per card. I also live in a state where luckily electricity is cheap. You won't get rich off mining, but can make a nice added bonus to your weekly earning. I'm a blue collar worker, I work night shift in a factory, so any income is a positive thing to me. If you're looking to get into mining without computer knowledge then it's not worth it. The initial cost to build a rig will take too long to pay off. Some coins like Bitcoin are too hard to mine now anyway. Etherium will also be going to POU so mining will be obsolete. And for certain others there's a lot of guesswork. For example, certain GPUs don't work for certain softwares etc...