Anyone cryptocurrency mine?

[Gasser64]

I'm thinking that if this goes REALLY bad.... Better not have any money in coinbase.com....

http://bitcoinist.com/new-evidence-e...g-at-coinbase/

What follows may be irrelevant, but its just my .02. I never liked bitcoin cash. It doesn't meet my criteria of "needs to exist". It brought little to the table. It was mainly supposed to be an "upgrade" to bitcoin. Since it could be mined in 4mb blocks instead of bitcoin's 2mb blocks. That is an upgrade, but still not really the upgrade that is needed. There are other coins that do everything bitcoin cash does, and they do it a lot better.

They lauded it as "the new bitcoin" when it has little to do with bitcoin. Its just another coin that started up. Looking at its price, there have to be people who have done well by investing in it. But it has been shady from the start. Even before its start, there were some very good questions as to why it was needed. I learned that all that "hard fork" talk was just a bunch on nonsense. The next time they start talking about forks, or hard forks, I won't be paying much attention unless I'm invested in bitcoin at the time. Even then, the new coin that comes as a result of the fork will be up against the original, the giant. Bitcoin. And good luck with that.

Bitcoin itself isn't going anywhere. So any "fork" basically just amounts to another coin startup, that seeks to use the bitcoin name to help it gain popularity. In my estimation without the ability to tack that name on to their "new and improved bitcoin", they'd be just another money coin that may very well fade out of existence eventually.

Also, look at the CEO. He looks like the classic badguy CEO from any movie. He kind of talks like one too. His haircut does not speak of him being a professional. Doesn't look like he's in very good health either. I don't trust him or bitcoin cash.

Again all just my humble .02

[Darren M]

I'm thinking that if this goes REALLY bad.... Better not have any money in coinbase.com....

http://bitcoinist.com/new-evidence-emerges-points-to-possible-insider-trading-at-coinbase/

[Darren M]

Tax code updates in 2018.

http://bitcoinist.com/cryptocurrency-investors-lose-tax-break/

[Darren M]

We can make money on it too!

https://vimeo.com/248429712

[Gasser64]

Whales. Easy for them to just move millions around, and cash in on the fomo.

I'd like to know how to properly whale, in case I ever get the chance to become one. Only thing is, people can see those giant buy orders and sell orders. It will run off the savy people. The not so savvy people though, will probably get sucked into it. So maybe the right way to whale would be to just put in 20-30 smaller buy/sell orders, that add up to a very large amount of money. That way you don't tip off the little fish and get stuck in the position cause everyone can see what is going to happen.

[Darren M]

Watching the BTC, ETH, and LTC, markets is akin to watching geese flying. Lock step! I think someone/somegroup is/are playing the day trade pretty hard.

[Gasser64]

Looks like you were right about Verge. Good call

[Gasser64]

I wanted to invest in Verge a few months ago, but once again I'm all invested in other coins and ran out of money. But when I looked into verge, there was one thing I didn't like. Correct me if I'm wrong, but it looks like its main claim to fame is that its another privacy coin. And there are an awful lot of privacy coins for it to compete with. Which one will win? Right now its Dash. I just don't know if there will be room at the top for all the coins that focus on privacy. There are just so many of them.

That is not to say Verge doesn't have the potential to make you a lot of money. If Verge has the edge, it might win the battle. Verge is the only one that can claim 100% untraceable.




I do like verge and may still invest in it once it drops a bit. I'm still going to recommend Reddcoin. Again it has nothing to do with Reddit. The other day my $200 investment in Reddcoin, turned into $2300 at the high point. I think it was almost up to 2 cents. Now its back down to 0.8 cents, but that is still pretty high up from where it hovered for a very long time. They signed some kind of deal recently, and I think that is the reason for the spike.

Now here is the exciting thing: They're talking to Steam (yes valve's steam) and they may get a deal for reddcoin to be on steam. If that happens, its too the moon. And you can buy reddcoin right now for less than a cent.

[Gasser64]

What Gasser said is my biggest struggle with this whole bitcoin. I don't know what to research.

Its all just various places. You'll use youtube, reddit, their official website, their official whitepaper, look at their roadmap if they have one. Watch lots of youtube vids on the coin. Join facebook crypto groups and ask questions, and search that coin in the facebook group and read the past posts about it. Your research needs to come from all those places, and anywhere else you can find information. Until you are satisfied that you know it well enough. Join the coin's slack group, and live chat with the members that are in there. They'll all be other investors in the coin you're researching. Ask them questions, talk to them plenty. You're basically just learning about the coin, and getting a "feel" for it, and if you want to invest in it. Always try to buy at a price that you are quite happy with.

Days like today are a good day to buy. When everything is way down. Fire sales.

let's talk wallets

I was good when I had everything on Coinbase. Now I'm all over the place, mostly Binance, and I don't like the way it keeps track of everything. Now I have too many gainz, like gainz in too many places!

But seriously, best/easiest/safest way to wallet some shit?

There are wallets out there that will support multiple coins. They'll have a selection of addresses with the coin that is supported next to the address. I prefer to use only 1 wallet, 1 address types of wallets. What if you accidentally clicked the wrong address and used that, on one of the bigger wallets? That is what I'm afraid of. You can move all your coins to your pc, and just have a bunch of different wallets. If you want you can just put all the wallets in one folder. But you will always have a bunch of different wallets. Even the wallets that support multiple coins, will only have like 8 different coins that they support. And its typically the main coins that are somewhere in the top 10, to top 20 coins. Never fails you'll find a coin you want to invest in, but its not listed in that big multi-coin wallet you have.

In the end yeah, its all kind of a hassle. Not too bad, but something of a hassle. All that stuff the bank used to do for you behind the scenes, now you're doing it. You are the bank now.

[red89notch]

That bubble has been popped!

[Darren M]

Man.... some folks are taking a beating!!!!! How low will they go!?!?!?!

[Darren M]

let's talk wallets

I was good when I had everything on Coinbase. Now I'm all over the place, mostly Binance, and I don't like the way it keeps track of everything. Now I have too many gainz, like gainz in too many places!

But seriously, best/easiest/safest way to wallet some shit?

I'm close behind you....

[Strychnine]

[CWO]

let's talk wallets

I was good when I had everything on Coinbase. Now I'm all over the place, mostly Binance, and I don't like the way it keeps track of everything. Now I have too many gainz, like gainz in too many places!

But seriously, best/easiest/safest way to wallet some shit?

[GeorgeG.]

What Gasser said is my biggest struggle with this whole bitcoin. I don't know what to research.

I know I can invest in bitcoin, I can transfer it to trade and have begun trading on the guidance of another individual, but trying to make sense of all of this has been challenging.