bitcoin

HildoSpur

Likes Erik Lamela, deal with it.
Joined
Oct 1, 2005
Messages
3,969
#82
They've marketed it alot, what do people think on here? I literally have no idea but possible worth it??
Do your research - look at the concept behind it, look at their forums and the amount of activity/quality of discussion, etc., etc. There are hundreds of new coins popping up all over the place and the vast majority of them are either scams or destined to fail. I have only ever really invested in 3 coins over the past few years - Bitcoin, Monero and Eth (which I foolishy sold my stake in once i hit a profit mark i was happy with - sadly for me that was about 10x less than they are currently worth!). It all comes back to Bitcoin though imo - any good trades I have ever made I've done to try and get more Bitcoin that I started with. That's all that most alt-coins are good for really - an opportunity to get more Bitcoin (if you do your research and have a big slice of luck).

Never take advice from a stranger on the internet by the way and never invest more than you are prepared to lose completely.
 

Rob

The Boss
Admin
Joined
Jun 8, 2003
Messages
21,833
#84
Bitcoin up 10% and Ethereum up 11% today. That seems ridiculously unstable still. All good while there's an upward trend...
 

Geyzer Soze

Fearlessly the idiot faced the crowd
Joined
Aug 16, 2010
Messages
19,719
#85
Bitcoin up 10% and Ethereum up 11% today. That seems ridiculously unstable still. All good while there's an upward trend...
Yeah all the fan boys are piling in in anticipation of this upcoming Bitcoin Fork, they think they going to get rich on the free Bitcoin Gold. I'd think it will crash hard again after the fork when they realise that Bitcoin Gold ain't gonna be worth shit.

It'll continue on a constant rise over month/ annual periods, but up and down like a yoyo in the short term, as has been the case all year really
 

Speedy

Active Member
Joined
Oct 22, 2005
Messages
642
#86
They've marketed it alot, what do people think on here? I literally have no idea but possible worth it??
Bitcointalk has been useful in the past, but all altcoins are a huge risk. I’d imagine 5 years before even knowing if its going to fly or not https://bitcointalk.org/index.php?topic=2174007.0

Edit - if you are mining with mobile then batteries are a key component to a calculation. Mobile batteries are notoriously shit, so this feels like am obviously shit idea
 

NickHSpurs

Well-Known Member
Joined
Mar 14, 2004
Messages
10,984
#87
Bitcointalk has been useful in the past, but all altcoins are a huge risk. I’d imagine 5 years before even knowing if its going to fly or not https://bitcointalk.org/index.php?topic=2174007.0

Edit - if you are mining with mobile then batteries are a key component to a calculation. Mobile batteries are notoriously shit, so this feels like am obviously shit idea
*winds car down window* I think it's a 'trific idea, Niko is up for getting involved, maybe Samba and Saha as well.
 

Speedy

Active Member
Joined
Oct 22, 2005
Messages
642
#88
*winds car down window* I think it's a 'trific idea, Niko is up for getting involved, maybe Samba and Saha as well.
I did a little reading and it’s got a lot of the gambling community running the PR side. If he hasn’t signed Kanu by deadline day I’m sure he’ll blame someone else
 

yawa

Well-Known Member
Joined
Aug 9, 2005
Messages
10,836
#89
Bitcointalk has been useful in the past, but all altcoins are a huge risk. I’d imagine 5 years before even knowing if its going to fly or not https://bitcointalk.org/index.php?topic=2174007.0

Edit - if you are mining with mobile then batteries are a key component to a calculation. Mobile batteries are notoriously shit, so this feels like am obviously shit idea
I bought in to electroneum wth $500 with 30% bonus. For me it was worth the risk and investment as worst case I lose $500 but there's a lot of talk and predictions of it hitting $1 a coin in a few years. Sitting on 80k or so coins I'd say that's a good return.

It's still in IPO at the moment but let's see how it turns out.

https://my.electroneum.com/join/62763F ;)
 

Speedy

Active Member
Joined
Oct 22, 2005
Messages
642
#91
Bitcoin and Blockchain were allegedly developed with online poker in mind. Investing in it is literally a gamble.

https://www.lrb.co.uk/v38/n13/andrew-ohagan/the-satoshi-affair

Lengthy reading, but eye opening.
It depends on your perspective. I am currently in the region of 2000% profit and I did it because I was bored. I’ve seen all kinds of silly stories calling it a scam, a fraud but the truth is, it’s gone mental and even if you don’t believe in the technology or the advantages of the blockchain (as in, an unchangebale record), everyone looks silly for knocking it. What I worry about is its enthusiastic supporters, who want to destroy the entire money system. What is more likely is there will be a compromise and it will be accommodated by society to some degree. It certainly won’t end taxation or end all wars.
 

Gassin's finest

Donne moi la balle, et je fais le reste...
Joined
May 12, 2010
Messages
14,130
#92
It depends on your perspective. I am currently in the region of 2000% profit and I did it because I was bored. I’ve seen all kinds of silly stories calling it a scam, a fraud but the truth is, it’s gone mental and even if you don’t believe in the technology or the advantages of the blockchain (as in, an unchangebale record), everyone looks silly for knocking it. What I worry about is its enthusiastic supporters, who want to destroy the entire money system. What is more likely is there will be a compromise and it will be accommodated by society to some degree. It certainly won’t end taxation or end all wars.
Oh I know all about the tech, its advantages, and I'm an acolyte of the blockchain. I have some bitcoin myself. But this article gives you the whole shady story of Craig Wright and his backers.

The names dropped in there were my employers until may btw.
 

Woodyy

Well-Known Member
Joined
Jan 3, 2016
Messages
1,210
#95
I've literally just got into this stuff, is there scope for more bitcoin to become available (as in the total amount in circulation to increase) or is the number finite? If so I can't see how investing in this stuff it a bad idea, the amount of computer savvy people is only increasing and if more mainstream companies adopt bitcoin as a method of payment then surely it's just going to go mental?
 

Speedy

Active Member
Joined
Oct 22, 2005
Messages
642
#96
I've literally just got into this stuff, is there scope for more bitcoin to become available (as in the total amount in circulation to increase) or is the number finite? If so I can't see how investing in this stuff it a bad idea, the amount of computer savvy people is only increasing and if more mainstream companies adopt bitcoin as a method of payment then surely it's just going to go mental?
Bitcoin is limited to 21million units. But, the issue underlying all of it is, it’s really easy to just make your own and so people think its made from thin air. Work does go into block generation, processing power is burned by solving equations and proving the validity of the transfer from person a to b, so its not thin air. So while btc is finite, and most coins have a set limit to be released over time and over amount of equations solved, the number of coins that can be invented is limitless.
 

Woodyy

Well-Known Member
Joined
Jan 3, 2016
Messages
1,210
#97
Bought in at £4400 per coin earlier this month and it's already at £4800.

I read an article earlier predicting it will be at $7500 by the end of the year and $20000 by next Summer. Insane if that happens.
 

HildoSpur

Likes Erik Lamela, deal with it.
Joined
Oct 1, 2005
Messages
3,969
#98
Bought in at £4400 per coin earlier this month and it's already at £4800.

I read an article earlier predicting it will be at $7500 by the end of the year and $20000 by next Summer. Insane if that happens.
Congratulations and welcome to the insane world of bitcoin. My advice - don't start checking the price every few hours, you will torture yourself - just secure it in a wallet and forget about it for a few months then cross your fingers. 2020/2021 is when you probably need to start paying attention to it again as that will be the next 'halfening' and it will either have gone completely bonkers or it will have imploded. Hard to say which.
 

Woodyy

Well-Known Member
Joined
Jan 3, 2016
Messages
1,210
#99
Congratulations and welcome to the insane world of bitcoin. My advice - don't start checking the price every few hours, you will torture yourself - just secure it in a wallet and forget about it for a few months then cross your fingers. 2020/2021 is when you probably need to start paying attention to it again as that will be the next 'halfening' and it will either have gone completely bonkers or it will have imploded. Hard to say which.
Definitely plan on keeping hold of it, even if it plummets (which it looks like it does every now and then) I won't sell. At £5150 now, insane..
 

olliec

Well-Known Member
Joined
Jun 20, 2012
Messages
973
Invested 5k in litecoin because personally right now it's extremely under valued and it's much better technology behind it than bitcoin, including faster transactions. I think it will grow expedentially over the next year and will be either the 2nd or 3rd biggest crypto in the future. Follow Charlie Lee on twitter he's a crypto pro who invented this coin.
 
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