bitcoin

Discussion in 'Betting and Gambling' started by shelfboy68, Dec 18, 2015.

  1. Geyzer Soze

    Geyzer Soze Fearlessly the idiot faced the crowd

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    Yeah. I sold my Ether & put it in Bitcoin. That’s what fucking happened ... :rolleyes:
     
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  2. jonnyrotten

    jonnyrotten SC Supporter

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    For ages Ethers price was stable at just under 10% of Bitcoin. Given that the use case for Bitcoin has diminished since then and the use case for Ethereum has grown i expect that at some point in early 2018 we get back to that ratio or higher for Ether again. In other words i think as a ratio, Bitcoin is overvalued and Ether undervalued at current prices.
     
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  3. nicdic

    nicdic Official SC Padre Admin

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    I'm using Coinbase and Binance.

    Coinbase is an easy place to start, it's pretty straight forward, but only has Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

    Binance is a much wider trading platform that has all the alt-coins on it. It's a lot more complicated, but good for picking up the alt-coins you fancy. I've found both were easy enough to get the hang of.

    I bought Bitcoin, Ethereum and Litecoin on Coinbase, and then have sent some to Binance to buy other coins.
     
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  4. olliec

    olliec Well-Known Member

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    [QUOTE="thinktank, post: 5690386, member: 2722"
     
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  5. Spurrific

    Spurrific Can't stop saying fella

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    Is quite funny to see people suddenly become the Wolf of Wall Street because they have 0.00001 Bitcoin
     
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  6. Bobbins

    Bobbins SC's 14th Sexiest Male 2008

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    Thanks, much appreciated, I’m going to dip the toe in (y)
     
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  7. sly1

    sly1 Active Member

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    I would be interested to hear how things progress.

    While we're throwing ideas around, another thing that occurred to me (and probably exists in some form) is in the role of a cryptocurrency intermediary. Cryptocurrency payments can be almost instantaneous and irreversible. One of the advantages of Bitcoin that was proposed when it was created is that it removed costs in relation to possible disputes and mediation that are built into transaction fees (see e.g., the introduction of the original bitcoin white paper https://bitcoin.org/bitcoin.pdf). I could see that, despite the removal of mediation being a supposedly beneficial factor for many small transaction, there may be circumstances in which it is preferred that a third party holds a Bitcoin payment in an account until certain conditions are met. This seems like a situation where the reintroduction of banks to the system could be necessary.
     
  8. Rob

    Rob The Boss Admin

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    Bitcoin escrow services exist already...?
     
  9. jonnyrotten

    jonnyrotten SC Supporter

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    0.000011 actually m8 i just made some really good trades in between hoofing some coke off a brass' arse crack
     
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  10. sly1

    sly1 Active Member

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    Well I did say that such services probably exist already (I hadn't actually looked into it - it just occurred to me as I was replying). In any case, an idea does not necessarily need to be completely new for it to be successfully implemented or improved on by others. Indeed, if an idea was completely new, a public internet forum might not be the best place to talk about it.
     
  11. felmani26

    felmani26 SC Supporter

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    Taking a battering right now...
     
  12. Speedy

    Speedy Active Member

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    It went from $10k to $20k in a week, it was surely due to rebound... just zoom out to ‘week’ on the chart, have a cup of tea, and wait for this to blow over
     
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  13. Amo

    Amo Well-Known Member

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    [​IMG]
     
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  14. Mr.D

    Mr.D Well-Known Member

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    Been sent a link to usi tech.
    Anyone know anything about them?
     
  15. mattdefoe

    mattdefoe Well-Known Member

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    Hi Guys,
    I am signing up and looking into buying into a few currencies. I am thinking of purchasing ripple and also some of the smaller coins.

    What are your thoughts on ripple?

    Also why is there more than one type of ripple that can be purchased? There's one that is around $1.78 and another that is a lot less, what is the difference?

    Also should I look into a wallet or keep it on the
    exchange?

    Thanks guys I am completely new to this!
     
  16. nuttynoah

    nuttynoah Well-Known Member

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  17. HildoSpur

    HildoSpur Likes Erik Lamela, deal with it.

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    Be careful with ripple it's in the middle of a pump. Very likely to come crashing down again soon imo.
     
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  18. Speedy

    Speedy Active Member

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    XRP is the code for Ripple, not sure about the other one. Also, if keeping on an exchange make sure you enable every security protocol possible like google authentication 2FA, email confirmation (set up your emails to 2FA as well). Nobody should live in a world where nerds can steal your shit, and 2FA is the best we have to stop them. If you want to be your own bank and use crypto, we have to accept a small price is entering a 2FA code and slowing down logins by about 7 seconds.

    If you need a wallet which allows lots of different cryptos the Nano Ledger is great. It’s just a USB
     
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  19. mattdefoe

    mattdefoe Well-Known Member

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    Anyone know some good low value currencies to buy into?
     
  20. jonnyrotten

    jonnyrotten SC Supporter

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    I dont invest in currencies but Ive got about 10 crypto tech coins which imo are a better long term bet compared to the currencies that have been invented to date. Check out Elixir, at £50m market value it's around the 250th largest crypto at the moment, so huge room for growth. It's a service allowing person to person lending among other things. You can buy it on Kucoin for about £1.70 at the moment, could easily be worth a tenner each in a few months.
     

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