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Any Bitcoin nerds???

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kingsskier
Posts: 6213 - Karma: 2,152
Big changes coming up for Bitcoin in the near future.
Anyone have any speculation on the segwit attempt and if BIP148 will take hold? Will there be a chain split if it fails? What do you think will happen to the value of Bitcoin? Will it effect Litecoin or Ethereum if it takes or fails?
When UASF took hold for Litecoin, it jumped up quite a bit. But that was a less common cryptocurrency and had a low value.
I currently own ~2 bitcoin and ~10 Ether.
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8 years ago
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Rparr
Posts: 5747 - Karma: 48,985
I don't know nearly enough about it, but I'm very interested in whether or not a chain split will happen. Many people on the internet are talking like it will be the end of bitcoin. I'm a darknet nerd, and if bitcoin tanks too hard the entirety of the darknet markets will break for some peroid of time. It could be complete anarchy. I also would like to think ethereum would skyrocket if this happened.

I made some decent money trading btc and ethereum over the last year, but I've been out of that game since may
8 years ago
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kingsskier
Posts: 6213 - Karma: 2,152
RparrI don't know nearly enough about it, but I'm very interested in whether or not a chain split will happen. Many people on the internet are talking like it will be the end of bitcoin. I'm a darknet nerd, and if bitcoin tanks too hard the entirety of the darknet markets will break for some peroid of time. It could be complete anarchy. I also would like to think ethereum would skyrocket if this happened.

I made some decent money trading btc and ethereum over the last year, but I've been out of that game since may


Yeah, Im sort of, kind of hoping BTC tanks actually. I think I might buy a lot of Ether tonight and if BTC tanks, Litecoin and Ethereum may go 1000%+ over the next month. Long term though, BTC will have the best chance to catch on as a recognized currency and that will send the value up. My ~2BTC was bought at about $80 per (I bought $300 worth at $80.xx and sold half at $2200/BTC). So, I am already well off from it in a relative to investment sense. If it tanks, so be it. May make more in Ether.

A chain split may also be okay still. One can take back over and all legacy BTC will be compatible. It will hurt its chances of catching on and be legitimate though.
In the end, the fast transactions with segwit will help it with real world purchases, so it needs to happen. But one needs to be the future and move forward without the fear of a split.

**This post was edited on Jul 12th 2017 at 3:09:29pm
8 years ago
0 0
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a_pla5tic_bag
Posts: 9243 - Karma: 5,678
Stop buying goddamn 1060's and driving the price up.
8 years ago
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Rparr
Posts: 5747 - Karma: 48,985
a_pla5tic_bagStop buying goddamn 1060's and driving the price up.


yeah I'm really grateful I got my gpu several years ago before the mining craze. Have the prices actually increased significantly?
8 years ago
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Swandog7
Posts: 4957 - Karma: 9,033
Litecoin will take over eventually I'm sure. I believe Bitcoin will eventually tank. My brother has already make a few thousand of litecoin
8 years ago
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DFJ
Posts: 707 - Karma: 1,337
How hard/easy is it to get into cryptocurrency trading and make some side money? Or would I be better off just investing in some stocks and such?
Basically know nothing about either.
8 years ago
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49566738265
Posts: 0 - Karma: 7,705
DFJHow hard/easy is it to get into cryptocurrency trading and make some side money? Or would I be better off just investing in some stocks and such?
Basically know nothing about either.


If you haven't ever invested then I wouldn't get in to make "side money". Statistically it's the long game that banks big. Everyone has their Apple/Google/Bitcoin win, but that's pennies in the long run. What this guy is talking about making on Bitcoin is going to pay the rent one or two times. You need to invest so you can pay the rent for 20 years when you can't fart without shitting yourself.
8 years ago
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kingsskier
Posts: 6213 - Karma: 2,152
DFJHow hard/easy is it to get into cryptocurrency trading and make some side money? Or would I be better off just investing in some stocks and such?
Basically know nothing about either.


Do some googling. Now is the time if you want to make a quick buck because there are some big things happening. But, you need to do some research. Start with googling segwit and segwit2x. Thats a good starting point for the current things about to happen (starting tomorrow). Im playing the long game now. I made my quick buck, Im waiting for another 1000%+ rise (which may never happen).

Stocks are better because you get dividend returns as well as gains/losses. Cryptocurrencies offer no dividends to the investment. I have stocks (domestic and foreign), bonds, crypto and some precious metals. Diversifying is a good strategy. Its just a lot of work to stay on top of all of it.
Cryptocurrencies are like high stakes currency trading. Huge swings can and will be seen. Just have to time it right.
8 years ago
1 0
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a_pla5tic_bag
Posts: 9243 - Karma: 5,678
Rparryeah I'm really grateful I got my gpu several years ago before the mining craze. Have the prices actually increased significantly?


It's stupid. The card I wanted to buy was ~$230, 220 if on sale. I just looked, it's $450. Lots of cards are more than double now. It's insane. I should have bought it when I made this computer instead of waiting for a sweeter deal, now I'm boned.
8 years ago
0 0
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The.Fish
Posts: 2269 - Karma: 4,997
I was looking into this but I don't think my old 970 could be very efficient in this. RAM prices are also ridiculously high from smartphone companies using a lot more of it.
8 years ago
0 0
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kingsskier
Posts: 6213 - Karma: 2,152
The.FishI was looking into this but I don't think my old 970 could be very efficient in this. RAM prices are also ridiculously high from smartphone companies using a lot more of it.


Mining is pretty worthless without a super high end power supply running off solar or something. You just about break even when mining with utility costs + overhead of you upgraded PC.

Also, Bitcoin and Ethereum both dropped a lot. IMO its a good time to buy them both. At least one will rebound strong over the next month.

**This post was edited on Jul 15th 2017 at 12:10:49pm
8 years ago
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milk_man
Posts: 5252 - Karma: 5,975
No but I knew someone who was up 80k until ethereum and some others tanked. My sister's coworker was up like 400k or something crazy though. Hope he sold some before the drop... I haven't kept up on it though, is it back up?
8 years ago
0 1
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kingsskier
Posts: 6213 - Karma: 2,152
milk_manNo but I knew someone who was up 80k until ethereum and some others tanked. My sister's coworker was up like 400k or something crazy though. Hope he sold some before the drop... I haven't kept up on it though, is it back up?


Dropped 25% over the weekend. Waiting for the low point to buy some more
8 years ago
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milk_man
Posts: 5252 - Karma: 5,975
kingsskierDropped 25% over the weekend. Waiting for the low point to buy some more


Brutal.. I should get some. Where do you buy it?
8 years ago
1 0
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Kretzschmar
Posts: 6746 - Karma: 99,045
milk_manBrutal.. I should get some. Where do you buy it?

I usually go through Coinbase but I haven't looked around since I've been using that for almost 5 years.
8 years ago
1 0
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kingsskier
Posts: 6213 - Karma: 2,152
KretzschmarI usually go through Coinbase but I haven't looked around since I've been using that for almost 5 years.


Coinbase is good for anyone buying and selling low amounts (under $100k). I dont have experience on anything nearly that high.

Also, both BTC and ETH have rebounded back to pre-weekend rates. Hope you guys bought when it was at its low, when I posted its 25% drop. I made some good quick cash.
8 years ago
1 0
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kingsskier
Posts: 6213 - Karma: 2,152
BTC is up $1000 from its low on sunday. Its showing signs that if segwit takes hold in one direction, it will continue to go up. I think it will almost double from where it is today, in a month if UASF takes hold.
Anyone else have thoughts on it?

ETH is also doing well. I think this may drop if BTC stays strong, but it may skyrocket if BTC crashes.
8 years ago
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Session
Posts: 5408 - Karma: 22,545
kingsskierBTC is up $1000 from its low on sunday. Its showing signs that if segwit takes hold in one direction, it will continue to go up. I think it will almost double from where it is today, in a month if UASF takes hold.
Anyone else have thoughts on it?

ETH is also doing well. I think this may drop if BTC stays strong, but it may skyrocket if BTC crashes.



This is just a short cover. When the banks feel threatened enough by crypto currency it will all go away.
8 years ago
1 1
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kingsskier
Posts: 6213 - Karma: 2,152
SessionThis is just a short cover. When the banks feel threatened enough by crypto currency it will all go away.


Banks would benefit from cryptocurrencies. They are just guardians of digital numbers anyway. They dont have enough physical cash to back all of their accounts, and no money is backed by gold or silver anymore. Our money is a cryptocurrency that can take the shape of paper. They would just be converted to a secure digital wallet for your BTC/ETH/etc.

But, they may not want to do this and try to kill it. It all depends on how strongly its supported. Banks can make money off of it.
8 years ago
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kingsskier
Posts: 6213 - Karma: 2,152
Anyone else banking on this huge up spike?
I bought more BTC when it was down around $1700 and more ETH at the same time.
BTC is nearing $5k per. Debating whether to cash out or continue the ride. Thoughts?
8 years ago
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BeefiestExpert
Posts: 2804 - Karma: 3,277
Someone want to explain bitcoin and why people use it?
8 years ago
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skierman
Posts: 8598 - Karma: 9,473
BeefiestExpertSomeone want to explain bitcoin and why people use it?


Its to buy drugs and assassins on Reddit.
8 years ago
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Jesse_
Posts: 1498 - Karma: 3,642
skiermanIts to buy drugs and assassins on Reddit.


human trafficking too
8 years ago
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BeefiestExpert
Posts: 2804 - Karma: 3,277
Jesse_human trafficking too


For real?
8 years ago
0 1
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stokedelic
Posts: 1563 - Karma: 4,669
Anyone have any info on the tank today? Looks like the price is just leveling out to me but worth asking
8 years ago
1 0
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Jesse_
Posts: 1498 - Karma: 3,642
BeefiestExpertFor real?


Pretty much yeh, cause it's untraceable
8 years ago
0 1
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Rparr
Posts: 5747 - Karma: 48,985
FriedRiceAnyone have any info on the tank today? Looks like the price is just leveling out to me but worth asking


I would hardly call going from 5000 to 4700 a tank. Did it dip really low today or something?
8 years ago
0 0
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kingsskier
Posts: 6213 - Karma: 2,152
BeefiestExpertSomeone want to explain bitcoin and why people use it?


Yeah, basically was used to fund illegal crap because it was untraceable.
It is starting to pick up steam with real companies though. I just purchased a hotel on expedia via bitcoin transfer.

RparrI would hardly call going from 5000 to 4700 a tank. Did it dip really low today or something?


It dropped about 10% ($500) in the last few days. People likely started cashing in with auto sell triggers when it hit around $5k.
8 years ago
1 0
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stokedelic
Posts: 1563 - Karma: 4,669
RparrI would hardly call going from 5000 to 4700 a tank. Did it dip really low today or something?


hah yeah definitely not a tank, i forgot its labor day weekend. must be a lot of traders away from their desk
8 years ago
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humpty
Posts: 1190 - Karma: 3,162
Anyone have any altcoins??
8 years ago
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stokedelic
Posts: 1563 - Karma: 4,669
humptyAnyone have any altcoins??


i have friends invested in propy and ripple, IMO both have a relatively low cap considering what they are. know anything about pivex?
8 years ago
0 0
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qazwsxedc34
Posts: 2955 - Karma: 2,135
BeefiestExpertSomeone want to explain bitcoin and why people use it?


A digital currency amoung thousands that one can trade, buy, sell and invest in. Ripple, Ethereum, Nxt, Neo, xtrabytes are just a few of the crypto that have unique features and will probably skyrocket in the future. I made 2500 off of neo in 4 months after buying 50+ for less than a dollar.

Like fiat, cryptocurrency can be used for trafficking, drugs, etc., but that's not what it was intended for. It is dectralized in a blockchain web with no central authority. Hence, why banks can't control it but want to due to it's ever increasing popularity. It is volitle but we are also in the inital stages of something in the future that may be our primary currency. We just need merchants to accept bitcoin. Good luck paying taxes on bitcoins capital gain. You'd spend more time calculating everything than taking prison tine for refusing to pay tax on bitcoin.
8 years ago
1 0
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qazwsxedc34
Posts: 2955 - Karma: 2,135
kingsskierAnyone else banking on this huge up spike?
I bought more BTC when it was down around $1700 and more ETH at the same time.
BTC is nearing $5k per. Debating whether to cash out or continue the ride. Thoughts?


Continue the ride, and buy some neo as well as altcoin like nxt, ripple and verge. If you just bought 50 of the most common cryptos in the last 6 months you'd make 64,000 already after thr spike. I'm poor and too lazy to buy anymore but crypto could be the future of buying and selling. That's if they somehow ease its volitility.
8 years ago
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humpty
Posts: 1190 - Karma: 3,162
Neo seems like a high risk. Though I was close to buying some during the dip. I think omg, iota, I might buy and hold some eth
8 years ago
0 0
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Kretzschmar
Posts: 6746 - Karma: 99,045
Super pissed I didn't pull the trigger on LTC last month at like $40 but I bought 4hundo worth when it was at about $70 a few days ago and now it's back up to ~$80
8 years ago
1 0
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stokedelic
Posts: 1563 - Karma: 4,669
lol at China banning altcoins but regulating bitcoin, got real scared over the weekend but look whos laughing now
8 years ago
0 0
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DayMan
Posts: 4707 - Karma: 8,804
Anyone else play bustabit?
8 years ago
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Iliveinutah
Posts: 1250 - Karma: 5,147
does OP still have two BTC... cause if so its been a good time for you recenty 14.8K per coin right now wtf
7 years ago
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kingsskier
Posts: 6213 - Karma: 2,152
Iliveinutahdoes OP still have two BTC... cause if so its been a good time for you recenty 14.8K per coin right now wtf


I have 2.3 BTC bought at various prices. Most bought around $1700 mark. I am sitting on some good money and continuing the ride.
7 years ago
0 0
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skierman
Posts: 8598 - Karma: 9,473
kingsskierI have 2.3 BTC bought at various prices. Most bought around $1700 mark. I am sitting on some good money and continuing the ride.


Oh yes ride the bubble, that's smart right there! Yup, don't sell now cause bubbles last FOREVER.
7 years ago
1 2
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kingsskier
Posts: 6213 - Karma: 2,152
skiermanOh yes ride the bubble, that's smart right there! Yup, don't sell now cause bubbles last FOREVER.


Its lasted this long. Whose to say it wont double from here? If I see a sharp downturn, Ill probably punt. I may lose a couple grand in value, but its worth it to see if it keeps going. People have told me to sell since it hit $7k. I held out and its worked. At its current value, Im at $36k ish. I bought in for a total of just shy of $3500 all told (most at $1700/BTC some before some after). Its got a meteroic rise and is trending to keep going.
7 years ago
0 0
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iH8pow
Posts: 1885 - Karma: 8,481
Im not much of a gambling man so ive sold my coin too many times only to buy more. But whatever, if i can make enough profit for my supercharger build i’ll be happy. But i have a friend with no degree, works at a dispensary. He bought in early. He says “to the moon” hes gonna make enough to provide for generations below him. I try to convince him to at least cash some, buy a house or something fuck. Just like every gambler ever—-why would you ever lose? Why ever work again if you just ride it out a little more...

**This post was edited on Dec 7th 2017 at 10:53:52am
7 years ago
0 0
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skierman
Posts: 8598 - Karma: 9,473
kingsskierIts lasted this long. Whose to say it wont double from here? If I see a sharp downturn, Ill probably punt. I may lose a couple grand in value, but its worth it to see if it keeps going. People have told me to sell since it hit $7k. I held out and its worked. At its current value, Im at $36k ish. I bought in for a total of just shy of $3500 all told (most at $1700/BTC some before some after). Its got a meteroic rise and is trending to keep going.


LOL you are such a greedy fucking idiot.
7 years ago
0 3
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Idahoe
Posts: 1027 - Karma: 7,539
I've got some bitcoin dust and a Litecoin, nothing much. People keep telling me its a bubble and thats why I'm keeping it low.

**This post was edited on Dec 7th 2017 at 11:46:59am
7 years ago
0 0
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KEVTRON
Posts: 3545 - Karma: 1,222
Almost spiked to 20k a few min ago. I've already doubled the money I put in. Bought $800 before thanksgiving to dabble @ 8k a piece. Wish i invested a lot sooner, but I didn't have the money back then anyways when it was much cheaper.
7 years ago
0 0
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Idahoe
Posts: 1027 - Karma: 7,539
Anybody know the best exchange to buy altcoins? I was looking at Poloniex but they want a social security number and that kinda freaks me out.
7 years ago
0 0
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.MASSHOLE.
Posts: 7578 - Karma: 12,730
The thing about BTC that scares me is that it is 100% irrational. Those who don't cash out at least part of their holdings are playing with fire.
7 years ago
0 0
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kingsskier
Posts: 6213 - Karma: 2,152
skiermanLOL you are such a greedy fucking idiot.


How am I greedy? Im not taking from other people. Its an investment to have my money make money for me. Call me a fucking idiot if it plummets below $1700/BTC before I sell. Otherwise, I think Im good.
7 years ago
1 0
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Iliveinutah
Posts: 1250 - Karma: 5,147
19K this morning, its been doing some wierd shit this morning and with all this media attion allot of new people are getting in, i got in a few weeks ago at 9K im happy with this Bubble ride. I do think its going to fall before it get back to normal rise. just looking at trends for the whole market for the past few years OP is safe AF at 1.7K a drop would have to be extremly drastic but if its going to happen i think its going to be this month.
7 years ago
0 0
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Rparr
Posts: 5747 - Karma: 48,985
God damn it guys every single day I think about how many bitcoins worth of weed I've smoked over the last 3 years. I've been buying weed with bitcoin for years. If I would have just held onto all those bitcoins, I could have retired for life easily. Life is a cruel bitch
7 years ago
4 0
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