Post: #151

Quote:Any of you guys mining? Or just buying? Just wondering if it is cost effective to mine for coins.

Samsamsam

I am mining ETH and chose to do so since I saw an opportunity to build something from it. I have a few rigs already and am thinking about whether it is worth it to double the number I have. To build a rig is not cheap since each rig will set you back 2500 dollars but it is worth it to build, maintain and understand the dynamics behind it.

Post: #152

Delete.

Post: #153

My only regret with cryptocurrency is not getting into this earlier (say early 2017) but then again I thought it was not worth the time

Post: #154

Anyone hold Syscoin and ready for Monday? I'm not sure if I'll hodl or sell after the pump, it's a good coin but there is quite a bit of saturation in this area.

Post: #155

Is it still worth getting in to this? Or has the ship sailed and now they are just traded like standard currencies?

Post: #156

^ Not sure, I think there some irrational exhuberance going on in the crypto markets. In my portfolio, everything is up except LTC.

Can't find good entry points yet, but if there is a correction, I'll be ready to buy a little more.

Post: #157

(05-20-2017 03:04 PM)samsamsam Wrote:  Any of you guys mining? Or just buying? Just wondering if it is cost effective to mine for coins.

A person good at mining can make an easy $8K per $1K invested, but only if he knows ahead of time what to do. Someone who really knows his shit could turn $1K into $14K. I won't share this at all because the more competitive it becomes, the lower the return. People can pay me for this info, but that's the only way I'll share it and if they spread the info, they will be cutting off their source of income.

I dumped all my RE investments a while back because I can easily turn $500K into $4-8 million and come back to RE later (plus, RE can't rise much higher since incomes are still stagnating).

Post: #158

(05-20-2017 06:39 PM)booshala Wrote:  Considering that crypto was a little more than 1% of my net worth (now close to 5% after the appreciation) I'm trying to not let the crazy upswings affect how I view my stock portfolio which is vastly bigger. I have to constantly remind myself that for me crypto is essentially gambling while stock appreciation + dividend growth is the slow and steady method. Sometimes I go to the craps table and I'm up 500% in a few hours... that doesn't mean I should allocate my entire life savings to my gaming bankroll.

You still don't get crypto. You can stake NXT and earn NXT. You can set up an LTC lightening node and earn LTC. How is that much different than what you list?

Post: #159

I've been making small gains from LTC since selling my ETH. I can probably buy it back now without losing anything, but, should I? Or is it better to wait at this point

Edit: I've been watching Chris Dunn on youtube and his predictions are that it will crash whenever it rises quickly like this.

Post: #160

ETH at $136 now. Unbelievable. I thought I was going to be kicking myself for switching from $960 bitcoin to $48 ETH... but man, this has been a rollercoaster these past two months.

Post: #161

(05-21-2017 03:47 AM)britchard Wrote:  Is it still worth getting in to this? Or has the ship sailed and now they are just traded like standard currencies?

Definitely not too late to get into crypto. IMO the start of 2017 (more like March/April 2017) marked the beginning of the "mainstream investment" phase, where funds and professional traders are starting to believe in crypto and dumping investments into it, pushing prices up wildly across the board. It will probably get bumpy soon but should continue its upward trajectory infinitely, since adoption will always be increasing as long as public trust holds. I'm guessing more and more average retail investors will probably start to get in later this year or in 2018.

Post: #162

Hope yall bought into that ReddCoin when I told you too!!!
Over 250% increase since I mentioned the hot tip I received and still skyrocketing.

Post: #163

Siacoin and Syscoin is where to expect some big growth. BTC's shitty confirmation issues will be hanging over its head.

Post: #164

What exchanges do you recommend for ETH, syscoin and some of the other less popular altcoins?

Post: #165

This should be renamed to the Pump-n-Dump Shit Coin Thread. Amazing.

Speaking of scam bullshit. I just bought Storj through the ICO - it's still going on. You can buy 1/.50cents. Right now it's trading at 1/.60 cents on Poloniex. Doing this just to arbitrage and make a quick buck.

Gonna take me a few days to make my 20% - which is like an eternity in pump and dump land. 20% usually in five minutes.

Post: #166

(05-20-2017 08:03 PM)PharaohRa Wrote:  

Quote:Any of you guys mining? Or just buying? Just wondering if it is cost effective to mine for coins.

Samsamsam

I am mining ETH and chose to do so since I saw an opportunity to build something from it. I have a few rigs already and am thinking about whether it is worth it to double the number I have. To build a rig is not cheap since each rig will set you back 2500 dollars but it is worth it to build, maintain and understand the dynamics behind it.

I want to get into mining too, I could build a rig or two right now. I just wonder what coins to mine for? How tough is mining for Ether now? And what are some good mining pools? We should make an RVF mining pool or something!

Post: #167

(05-21-2017 12:33 PM)monster Wrote:  What exchanges do you recommend for ETH, syscoin and some of the other less popular altcoins?

Poloniex and Bittrex are two popular exchanges that cover most of the alts.

Just be careful with margin trading and the like, these places are still unregulated and we have no idea what kind of shady shit could be going on in the background. I try to make my trades and then immediately withdraw the coins to my personal wallets for safekeeping; don't want to leave them on the exchange any longer than is necessary.

Post: #168

(05-21-2017 02:15 PM)Isaac Jordan Wrote:  

(05-21-2017 12:33 PM)monster Wrote:  What exchanges do you recommend for ETH, syscoin and some of the other less popular altcoins?

Poloniex and Bittrex are two popular exchanges that cover most of the alts.

Just be careful with margin trading and the like, these places are still unregulated and we have no idea what kind of shady shit could be going on in the background. I try to make my trades and then immediately withdraw the coins to my personal wallets for safekeeping; don't want to leave them on the exchange any longer than is necessary.

Cool - and do you have your wallet on your machine or are you using a web wallet?

Post: #169

(05-21-2017 12:16 PM)ScrapperTL Wrote:  Hope yall bought into that ReddCoin when I told you too!!!
Over 250% increase since I mentioned the hot tip I received and still skyrocketing.

Where do you buy RDD, and is it possible to buy it for USD/EUR?

Post: #170

(05-21-2017 02:17 PM)monster Wrote:  Cool - and do you have your wallet on your machine or are you using a web wallet?

I have a Ledger Nano S, which stores my Bitcoin and Ethereum. It also supports several other coins (including all the Ether-based tokens):

http://support.ledgerwallet.com/knowledg...d-the-blue

I try my best to avoid leaving coins in a third-party wallet (especially an exchange wallet) whenever possible.

For any tokens the Ledger doesn't support, I'll download their wallet client to my computer and store the coins there.

(I like to do this with any new coin I invest in, even if I plan on eventually storing it in the Ledger - it's a good way to get a feel for the technology you're investing in).

For any proof-of-stake coins, like Dash, Stratis, or soon-to-be Ethereum, I'll forgo the security of keeping the coins in the Ledger for the staking benefits gained by leaving them in the client wallet on my computer. I always make sure to backup and encrypt the wallet file though, in addition to securing my computer itself.

Post: #171

(05-21-2017 12:16 PM)ScrapperTL Wrote:  Hope yall bought into that ReddCoin when I told you too!!!
Over 250% increase since I mentioned the hot tip I received and still skyrocketing.

For the rookie traders out there, that's generally NOT the time to be getting in. "Be greedy when others are fearful and fearful when others are greedy."

That said, I know nothing about ReddCoin and have been buying Ethereum all the way up these last few months as it continues to hit ATHs. Just do your own due diligence and never trade on emotion.

Post: #172

(05-21-2017 11:42 AM)betterasianbrother Wrote:  

(05-21-2017 03:47 AM)britchard Wrote:  Is it still worth getting in to this? Or has the ship sailed and now they are just traded like standard currencies?

Definitely not too late to get into crypto. IMO the start of 2017 (more like March/April 2017) marked the beginning of the "mainstream investment" phase, where funds and professional traders are starting to believe in crypto and dumping investments into it, pushing prices up wildly across the board. It will probably get bumpy soon but should continue its upward trajectory infinitely, since adoption will always be increasing as long as public trust holds. I'm guessing more and more average retail investors will probably start to get in later this year or in 2018.

Thank you. Do you think that in the future crypto currencies will become very heavily used, at a similar level to paper cash today? If so then I don't see a reason why not to invest...

Post: #173

Looks like it is only a matter of time before ETH overthrows BTC.

Post: #174

"No way I'm buying ETH @ $90" I said to myself...

Post: #175

Delete