Anyone cryptocurrency mine?

[Gasser64]

Bitcoin plummets?
https://www.cryptocoinsnews.com/flas...ors-swirl/amp/

For bitcoin that is not really a plummet lol. Just normal movement. When I started doing this stuff in june, bitcoin was worth less than half what it is now. I can almost say with certainty that bitcoin will be back up to $4600 in a month or two. I wouldn't be the least bit surprised if it happened tomorrow. It just doesn't quit. If someone had a lot of money and were looking to invest, imo its bitcoin all day long. Note that the price is $4240 at the time of this post. It will see $10,000.

When I first heard that I was like "Yeah maybe, but we'll see. And who knows when that will be." Now I'm convinced, and its going to be sooner rather than later. 2020 may turn out to be too far off, might be sooner than that. Now they're all saying $20-$22k as some kind of final bitcoin price, but I think its too early to tell that. If this all sounds like some kind of over enthusiasm, I'm just going off of what its been doing while I've been watching. Plus I'm not invested in bitcoin I just use it to buy the other coins. I'm just a small fry at the moment so the altcoins is where I need to be as its what I can afford. Making an extra 20k in 3 years really won't help my life enough so at this point bitcoin isn't attractive to me as an investor.

[Darren M]

No clue. Just reporting what I find.

[houstondallas]

Bitcoin plummets?
https://www.cryptocoinsnews.com/flas...ors-swirl/amp/

I thought it was already illegal in China? Hell facebook and google are illegal there. People just use VPN's and move forward

[Darren M]

https://www.coindesk.com/blockchain-firms-ripple-r3-file-dueling-lawsuits-cryptocurrency-contract-dispute/

Distributed ledger startups Ripple and R3 have become embroiled in a new legal battle, with both startups filing lawsuits related to a contract dispute between the two firms.

Ripple alleged in a complaint filed today in the Supreme Court of California that R3 failed to honor an agreement that included an option to purchase 5 billion XRP, the cryptocurrency of Ripple's distributed ledger network. According to Reuters, R3 asked the Delaware Chancery Court to uphold the deal, which would have allowed it to buy the XRP at a price of $0.0085 per token before September 2019

[Darren M]

Bitcoin plummets?

https://www.cryptocoinsnews.com/flash-crash-bitcoin-price-plummets-400-minutes-china-rumors-swirl/amp/

[Gasser64]

Im looking for a new exchange to buy cryptos. Coinbase is ridiculous fees. Bittrex doesnt support USD to coin. Ive read this thread and seen a few others. My concern is there are so many articles over exchanges that ran off with peoples money. I guess the thing to do is simply buy it there, then transfer it out to cold storage or another wallet asap?

Bittrex is american, but I guess you never know. They have to comply with the SEC so maybe they're insured? But yeah offline storage is best. You can do a desktop wallet, or get something better like a trezor. Some people even do those paper wallets but those things make me nervous. You print out all your bitcoin, but what if it had a flaw? What if for some reason it couldn't be read? Maybe since you technically still control the private keys, it wouldn't matter and you'd just print another one that actually worked.

Desktop wallets are probably the most common. I was thinking of having all my wallets on a different dedicated hard drive, and then just put the money in them and disconnect the hard drive. That would protect against real time hacks, if that ever really happens to average people lol. They told me doing that wouldn't necessarily help, because you get malware that just sits there and waits for you to log back into a wallet, then records your info that way and then they've got the money. So all in all, paper wallets and stuff like Trezor are probably the only truely safe way.

There are much cheaper alternatives to coinbase out there. Searching around (there is even one posted in this thread) will reveal them but some of them are in wherethefuckistan which also makes me nervous. I'm starting to get used to it though, and starting to think that being nervous about anything crypto is just the way its gonna be. It looks like if you want secure, go with banks and their shitty services. As for fees, I was told to forget about the fees, its part of doing business and there will always bee fees, for everything. Buy = fee. Sell = fee. Trade any of it... fee. Just have to make sure your gains make the fees look like pennies and make it totally worth it.

[Darren M]

So is anyone actually mining? Or know anyone who is mining?

[mustang1200]

I've used GDAX and Coinbase with some success even with the fees. Takes a bit to get setup. I don't leave money for long.

[CWO]

bad timing. The story of my life.

[houstondallas]

Im looking for a new exchange to buy cryptos. Coinbase is ridiculous fees. Bittrex doesnt support USD to coin. Ive read this thread and seen a few others. My concern is there are so many articles over exchanges that ran off with peoples money. I guess the thing to do is simply buy it there, then transfer it out to cold storage or another wallet asap?

[Gasser64]

Here's a little more on district0x. I bought $6300 worth.






You'll notice that district0x (like 98% of all cryptos) is heavily libertarian by nature. Most of them have a very strong theme of decentralization, no middle men, kill banks, kill taxes, and death to spying and data collection.

[Gasser64]

So Coinbase then? Just buy $10k worth of Bitcoin and call it a day?

I just started with this crap.....
What a time to be alive

You can use coinbase, but their fees are higher than others like the one in the link I posted. Also if you have an issue, don't expect any support. Like any at all. It doesn't exist. There are lots of alternatives out there to coinbase. I haven't looked into it myself, but I read somewhere that Bittrex (american exchange) will take dollars for bitcoin. That might be the best way to go, since your bitcoin would just appear on the exchange and then you at least wouldn't have to pay the transfer speeds to get it to bittrex from coinbase.

Currently I'm still in safex, and probably will be for a least a year. They're down around 1 cent right now, so its a good time to buy. It was 2.5 cents about 3 weeks ago. They still have a lot to announce and a good ways to go. My hope is that it will see $0.50 or $1.00 when the exchange is finished and everything is up and running.

Another good one to look at is district0x. Very solid project with a good and proven team of developers. I bought it at 14.5 cents, and now its down to 10 cents. Ain't skeered, you gotta have brass balls for this as they'll all tell you. No brass balls means you will definitely lose money, because you'll get scared and sell at a loss. Then it seems that what typically happens, is a month goes by and it goes up so high you could've paid off your damn car. It was up at 26 cents for a bit, so odds are with a project like that, its going back there and likely a good deal beyond. Wouldn't surprise me in the least to see that one eventually go to a dollar or more.

For someone who wants to just play it safe and get a decent coin for dirt cheap, I'd go with Reddcoin. Again not associated with Reddit. For a couple hundred bucks you can get nearly 200,000 reddcoins, and their roadmap shows completions in Q4 of 2017, and again sometime in Q1 of 2018. So with those announcements of certain portions of the project being completed, I expect the price to rise. You'd have to read up on it but iirc, the main dev was saying that he expects the project to be finished sometime towards the end of Q3 2018. He also said that he's not sure if reddcoin will ever be a high dollar coin, as the coin itself is used for tipping other people on blogs and any/all other social media. So I'm still trying to work out how high it will actually go. I would say definitely under $1. $0.50 would be pretty high. Realistically probably somewhere along the lines of $0.10, but with all the money that is going to be pouring into crypto in the next 5 years, you never know. And its just so cheap right now that you'll still do quite well once it is completed.

[GeorgeG.]

I have a coworker that use to use the bit mining machines. Now he uses some cloud bases system. I could never figure out how that stuff works...guess I'll be poor forever!

[CWO]

So Coinbase then? Just buy $10k worth of Bitcoin and call it a day?

I just started with this crap.....
What a time to be alive

[Darren M]

AMD kicking out new software for mining....

https://www.coindesk.com/amd-releases-new-software-package-cryptocurrency-mining/