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

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

  1. Nantucket

    Nantucket Northeastern Elitism+Alabama Downhome Sensibility
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    What a difference 6 months makes... plenty of interest now, huh?
     
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  2. GoodForAnother

    GoodForAnother I’d rather be down the allotment
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    I've lost money on my bitcoin but made up for it on litecoin and ethereum so that's tight
     
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  3. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
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    If you don't have stratis, you're missing out. Big time.
     
  4. THF

    THF BITE THE NUTS, THUMB IN THE ASS!
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    What is stratis?
     
  5. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
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    New company that has a coin.
    • side chains will run smart contracts as opposed to the main chain to reduce bloat issues Ethereum is experiencing. Side chains will be required to lock up Strat and use strat as only token of value.
    • POS as opposed to Ethereum POW
    • API support is a core focus
    • C# is native language which will provide optimal performance and integration with legacy infrastructure and ease use with engineers which are far more prominent in C# and Java than Solidity.
    • team is experienced with institutional needs (especially Chris with his institutional track record/consulting experience). Can pinpoint uses and how to attract clients/has contacts.
    • entire consulting business will be working to onboard clients (baas) and drive volume to the network
    • completely private transactions coming online this month with Breeze wallet. Also merging ecosystems with Bitcoin as a result.
    • Should be well funded now especially from recent price hike.
    • good reception from major institutions at recent London expo
    • possible clients already with identity management solution
     
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  6. THF

    THF BITE THE NUTS, THUMB IN THE ASS!
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    How do I buy it?
     
  7. oprostaj

    oprostaj Well-Known Member
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    Good question... I don't see an easy way. Part of the reason Etherium and Litecoin got a quick bump is because they got added to exchanges like Coinbase and Gemini.

    Best bet would be to buy BTC and then trade it somewhere like Poloniex.
     
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  8. New user

    New user Well-Known Member
    TMB OG

    It's not hard to buy. You can get almost anything at Poloniex, including stratis.
     
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  9. Big Apple Duck

    Big Apple Duck Craving a chimichanga
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  10. Big Apple Duck

    Big Apple Duck Craving a chimichanga
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    Is it easy to sell?
     
  11. New user

    New user Well-Known Member
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    Yes. Although a sale is a taxable event.
     
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  12. Jax Teller

    Jax Teller Well-Known Member
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    I have a laptop sitting at home doing nothing and live somewhere with cheap electricity. I wish i could use it to mine one of these things.
     
  13. Baseballman86

    Baseballman86 Well-Known Member
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    At some point in time, this thing is going to crash spectacularly. Not saying it won't rebound, but crash it will, and I own a few so I'm hoping against that. I know it's more complicated than this, but it's like people are just inventing new money over night. It's incredible to watch.
     
  14. New user

    New user Well-Known Member
    TMB OG

    Don't get me wrong, I think a vast majority of these won't be worth anything in a few years, but some of them are partnering with major businesses, banks, the public sector, etc. and have actual real world application. The market cap is $108B right now. There's still quite a bit of room for growth imo
     
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  15. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
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    I still don't fully grasp the concept of using crypto over usd. The only tangible reason for crypto is privacy.
     
  16. Baseballman86

    Baseballman86 Well-Known Member
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    Completely agree, I'm mostly just referring to all the various alt currencies that are popping up. I think eventually a small handful will "win" out and all the rest will basically be dogecoins
     
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  17. Baseballman86

    Baseballman86 Well-Known Member
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    This is the other reason we'll see a bubble burst. People are frantically buying and chasing something that most don't fully understand either what it really is or how it is created, myself included.
     
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  18. New user

    New user Well-Known Member
    TMB OG

    I won't pretend to be an expert on this but:

    https://www.weusecoins.com/why-use-bitcoin/
    https://blog.blockchain.com/2015/04/06/the-top-5-reasons-to-use-bitcoin/
    https://support.coinbase.com/custom...would-i-use-bitcoin-why-should-i-use-bitcoin-
    http://www.coindesk.com/information/why-use-bitcoin/

    This is basically what I'm investing in over the next few years.
     
  19. Llama

    Llama New Member
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    :donotwant:

    But I understand this is the nature of crypto currencies

    If anything I may buy a little Bitcoin if it falls under $2,000
     
  20. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
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    Is mining bitcoin a practical endeavor? This is the part I still don't understand.
     
  21. Llama

    Llama New Member
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    Apparently not. We discussed this a little yesterday.
     
  22. Why?Pokes

    Why?Pokes Take me back to the kine
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    That's not the only advantage. Portability, strutural limitations against inflation, high precision, etc...
     
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  23. PhupaPhever

    PhupaPhever Well-Known Member
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    It will ruin your computer and burn it up unless you don't care. I did this once and the fan on my CPU couldn't handle it.
     
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  24. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
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    Bitcoin is down $1k.
     
  25. pianoman

    pianoman my drinks are free
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    Nice little correction for pretty much everything today. Good time to buy in if anybody as been waiting.
     
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  26. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
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    It's due to people selling at the top and the multiple ddos attacks on the exchanges.


    Great buying opportunity especially with etherum.
     
  27. Jax Teller

    Jax Teller Well-Known Member
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    I don't give a crap about the laptop. I use it for basically 2 things now. Going online to download torrance to my seedbox, and playing youtube videos for my dog when she's home alone.

    I wonder if I bought a heavy duty cooling top type thing if I could do it? Might be worth it just to see if I could make a few dollars a week with a laptop that's not doing anything.

    Of course I wouldn't even know how to start. I understand it's not worth it with bitcoin but maybe with one of these younger currencies? Someone educate me on how to try it.
     
  28. Big Apple Duck

    Big Apple Duck Craving a chimichanga
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    This TED talk is really good

     
  29. Big Apple Duck

    Big Apple Duck Craving a chimichanga
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    Fucking Coinbase crashed again. It took me 5 attempts but I was able to get some more $ETH and $BTC. Both are up over 10% since I bought.
    I'm taking the VC approach. Spread out some cash across a few and hope that I strike gold on one of them. I can't stop thinking about how fucking rich I'd be if I had dropped $1000 on BTC in 2010.
     
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  30. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Can someone walk me step by step how to buy $100 Ethereum please?

    How many different apps do I need?
     
  31. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Figured it out. Just download Coinbase App.

    I bought $144.24 worth of ETH because max you could buy for the week on a CC was $150
     
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  32. dblplay1212

    dblplay1212 Well-Known Member
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    haha I kinda want to do the same thing. No way could I put serious coin in something this volatile but it's fun to follow so $100 on it would be fun. 25% swings in a week though :donotwant:
     
  33. Big Apple Duck

    Big Apple Duck Craving a chimichanga
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    Talk to me about Ripple (XRP)
     
  34. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    I did that this week and even though the ETH isn't shown in my account yet, it's already down 20% from purchase price 2-3 days later. Guess I'll have to delay my retirement.
     
  35. GoodForAnother

    GoodForAnother I’d rather be down the allotment
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    I bought more btc and eth and still have no idea what's going on
     
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  36. Houndster

    Houndster Well-Known Member
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    Keep stirring
     
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  37. Big Apple Duck

    Big Apple Duck Craving a chimichanga
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    Play it long, brother. Blockchain is the future.
     
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  38. New user

    New user Well-Known Member
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  39. New user

    New user Well-Known Member
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    I went from all-time high profits (+50k), to even, to back up ~20k in basically the last 24 hours. I'm holding everything long-term, but the volatility is crazy. Also so many of the alt-coins are in the development phase and not in use that they just rise and fall with BTC.
     
    Big Apple Duck likes this.
  40. Big Apple Duck

    Big Apple Duck Craving a chimichanga
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    Yeah, I'm planning to hold for a while. I think I'll throw some money at Ripple - it seems like the most likely to explode out of the others, and it's only $0.24.
     
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  41. Llama

    Llama New Member
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    Wish I had bought some ETH when it dipped around $260 this morning. I have a feeling that won't be my last chance though
     
  42. glimmer

    glimmer queen of tmb
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    I think it would still need to be a decent quality laptop with a dedicated GPU to even justify the electricity cost of it running at 100% power.
     
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  43. Nantucket

    Nantucket Northeastern Elitism+Alabama Downhome Sensibility
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    This thread is a microcosm of what's happening in the Bitcoin market. A huge run up has attracted a ton of speculative buyers looking only for profit. Speculative bubble bursts. Rinse repeat.
     
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  44. New user

    New user Well-Known Member
    TMB OG

    I'm looking for profit but only in the sense that i think this is a very unique opportunity to invest in some companies solving major problems in a bit of a "wild west" investment market.

    Wake me up in 1-3 years, and I think it's a good idea. But tomorrow (or August 1 with the BTC fork issue) is a completely different story.
     
    Nantucket likes this.
  45. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
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    Ain't no way I wouldn't sleep on these cryptos for 1-3 years.
     
  46. New user

    New user Well-Known Member
    TMB OG

    ?? That's not to say I won't sell, but I'm trying to invest in some companies that have real world application now and long term potential to grow. Obviously easier said than done. But I didn't buy any of them with plans to sell in the short term.
     
  47. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
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    What are your holdings?
     
  48. New user

    New user Well-Known Member
    TMB OG

     
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  49. Llama

    Llama New Member
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    Who do you use to buy/sell those?
     
  50. New user

    New user Well-Known Member
    TMB OG

    I wired money into a gdax acct, bought btc there and then transferred btc to my poloniex acct to buy everything else.