bitcoin

HildoSpur

Likes Erik Lamela, deal with it.
Joined
Oct 1, 2005
Messages
3,905
As someone who views many ICOs as scams, this amused me earlier
https://www.theguardian.com/technol...-sports-first-cryptocurrency-sponsorship-deal

If it hasn’t even got a product released, it’s just half a code on a screen
All ICO's and about 99.9% (i.e. all) alts are bollocks imo - ok if you get some free from an airdrop/fork, etc. thats fine and dandy (I sell them immediately for bitcoin). All that matters is how much bitcoin you have imo - All alts to me are just a way of getting more bitcoin.
 

Real_madyidd

The best username, unless you are a fucking idiot.
Joined
Oct 25, 2004
Messages
17,371
All ICO's and about 99.9% (i.e. all) alts are bollocks imo - ok if you get some free from an airdrop/fork, etc. thats fine and dandy (I sell them immediately for bitcoin). All that matters is how much bitcoin you have imo - All alts to me are just a way of getting more bitcoin.
To be honest you don't sound like you have done your research at all there. Eggs and baskets my friend.
 

HildoSpur

Likes Erik Lamela, deal with it.
Joined
Oct 1, 2005
Messages
3,905
To be honest you don't sound like you have done your research at all there. Eggs and baskets my friend.
I've done plenty of research and I do own some alts but only a select few as the VAST majority are imo worthless. I wouldn't ever recommend anybody putting significant money into anything other than bitcoin.
 

jackson

SC Supporter
Joined
Jan 27, 2006
Messages
802
Any good apps for tracking altcoin values?

And what altcoins are people invested in?
I've use CoinMarket Capp app on android - does the job, allows you to select favourites as well and listing them all. You can add the details of how much you have invested which will change with the current rates but i've not bothered.

I've got mostly got Ripple but also bought some Cardano and Tron in the big dip a little while ago. All speculative really, hoping some day they might be worth something...
 

Speedy

Active Member
Joined
Oct 22, 2005
Messages
642
Any good apps for tracking altcoin values?

And what altcoins are people invested in?
If you want to go fully technical you can follow some alts on Trading View. At first the chart screen makes zero sense, but once you add a few indicators and learn some basics like EMA and MACD it can be really useful. Also I used to enjoy watching the sidebar chatbox for BTC.

I have ETH and MAID. But in a situation where even bitcoin has no nailed down purpose, can’t recommend many other alts without a track record over 2 years. Even DOGE has a better track record than most of the top 200... my hunch is if China has been looking at it for an extended period it may be worth a look. The next global dominant force will be China. Some shitty company sponsoring the gooners is 100% not getting any of my money, unless I can short the living shit out of it.
 

Rob

The Boss
Admin
Joined
Jun 8, 2003
Messages
21,772
Not really look to trade, just buy in to some altcoins with the profit I've made of ETH.

I've bought a few in binance now but not 100% sure about ICOs. I seem to have made the most profit from the Electroneum ICO but a lot of ICOs I looked at seem to ask for your ETH wallet ID and my ETH is all still in coinbase so not sure how that works (I assume it's the altcoins that are on the ETH blockchain that need your ETH wallet).
 

Speedy

Active Member
Joined
Oct 22, 2005
Messages
642
Not really look to trade, just buy in to some altcoins with the profit I've made of ETH.

I've bought a few in binance now but not 100% sure about ICOs. I seem to have made the most profit from the Electroneum ICO but a lot of ICOs I looked at seem to ask for your ETH wallet ID and my ETH is all still in coinbase so not sure how that works (I assume it's the altcoins that are on the ETH blockchain that need your ETH wallet).
Yeah I see. Most ico coins don’t have their own wallets for their tokens and if they are built on the ethereum protocol then some wallets (Jaxx maybe) can read the amounts of ico tokens held in a wallet address. Omni Protocol is similar, I send btc or maid to the btc address, and when you read that address in the omni reader it shows the amounts of different tokens. The problem is new ico coins can be sent to an ethereum wallet but not easily sent again, so find an exchange that will allow you to sell them for eth or btc. It just says btc/eth, or doge/eth doge/btc btc/usd. If there’s no trading pair available then you can’t sell them.
 

Rob

The Boss
Admin
Joined
Jun 8, 2003
Messages
21,772
Cheers

I got a myetherwallet.com wallet and think I've figured it out now. Most ICOs seem to be built on ERC-20 (Ethereum blockchain) but not sure how ones that aren't work!
 

Mattspur

Pull my finger
Joined
Jan 7, 2004
Messages
3,886
I'm new to the whole bitcoin thing, but I have a friend who is mining Ethereum. Anyone know much about mining? Is it worth while and is it safe?
 

Speedy

Active Member
Joined
Oct 22, 2005
Messages
642
I'm new to the whole bitcoin thing, but I have a friend who is mining Ethereum. Anyone know much about mining? Is it worth while and is it safe?
There’s two ways to mine, you can buy the chips and cooling equipment yourself and join a mining pool. It’s best if you have cheap electricity, or don’t pay for it at all like in Iceland where they use geothermal power. The other way is to buy mining hashrate from somewhere like Genesis Mining in Iceland, so you buy into their existing rigs and for the charge you let them take care of all the cost involved and receive a daily payout. This option takes about a year to pay itself off, unless the price of the coin you are mining rockets, and you don’t automatically get paid every day because it costs them money to send it to your wallet, so they let a weeks payout build up before releasing it. If you put in £10k it will payout everyday but it will still take a year to pay off. I bought £50 on genesis last summer and it’s paid itself off early because of the huge price run up, I did it because it’s as easy as using coinbase and probably less fees overall.
 
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