Cryptocurrency

[ChristopherColumbus]

Some people believe Bitcoin and Litecoin are the Gold and Silver of the next century.

Others say these "investments" are akin to lighting your money on fire. I say tell it the individuals who invested in Bitcoin at $0.07 in 2011 who are now multi-millionaires. BTC currently trades at $760 per coin.

While extremely volatile, dangerous, and difficult to understand (a recipe for disaster), IF cryptocurrency is here to stay, surely Bitcoin will not remain the only big fish in town forever.

Is anyone enticed by any alternative coins at all?

I am in the process of piling into silver [goldmoney.com]. Putting something like 20% of my liquid worth into it. I view it as an alternative currency.

 

[BlueAlpha1]

Interesting. I have some Bitcoin, may look into Ethereum.

I had 100 ETH just six months ago which I spent $1200 on. That would be worth over $5000 today if I'd held.

I just re-purchased 50 ETH when it was $45. Cost me $2,300 and is an incredibly risky short term investment now, because there very well could be a correction soon where it plummets back down to $15-20. However currently it sits at $51 so I'm up a few hundred as of now. I wasn't going to risk missing the train again IF it just keeps going and eclipses $100 soon.

Even if it plummets short term, I'm confident in Ethereum right now. It is now a mainstream coin sold on the most reputable exchanges like Coinbase. Ether, like Bitcoin, has seen RIDICULOUS gains in a short period of time, but Ether has been the surging coin of 2017 thus far.

Ether is closing in on a $5b market cap, and Bitcoin's is currently $16b. Ether reached a 4b market cap in 1 1/2 years, and it took Bitcoin 4 years to do the same.

Ether's market cap is now 1/3 of Bitcoin's, previously thought to be unheard of as Bitcoin used to totally dominate the crypto market. Over 90% of the money circulating in cryptocurrencies was in Bitcoin a few months ago, that number is now 67%.

In short, here's the difference between the two.

Bitcoin: A de-centralized online currency (the first of it's kind)
Ethereum: A de-centralized developer platform where developers can upload applications without a middle man, AND a cryptocurrency

In other words, there is nostalgia in Bitcoin, but Ethereum can do a lot more. This is why Ether has come out of NOWHERE, only the 2nd coin to reach a 1b market cap and in rapid speed.

Ethereum's mentality is that CURRENCY should be to de-centralization what EMAIL is to THE INTERNET - only a small piece of the puzzle.

@Tenacity curious about your thoughts on this.

 

[Bible_Belt]

Here's a chart of Ethereum. It looks like a stock I would buy:

 

[BlueAlpha1]

Here's a chart of Ethereum. It looks like a stock I would buy:

That's f'n crazy.

Either one of three things is gonna happen:

1. Ethereum has already peaked ($0.96 to $51 in 18 months is remarkable enough) and there will be a huge fall from grace
2. Ethereum will surpass $1,000 a coin and overthrow bitcoin as the dominant crypto
3. It will slowly rise to the $100-250 range and be a solid alternative coin if Bitcoin remains the default coin

I'd be in good shape if 2 or 3 came true. Either way I think Ethereum is here to stay. So pissed I sold 100 coins for pocket change....

 

[Bible_Belt]

The point of technical analysis of charts is that you set all of your own opinions aside and just look at the chart. And that is one kick-ass chart.

 

[Tenacity]

I had 100 ETH just six months ago which I spent $1200 on. That would be worth over $5000 today if I'd held.

I just re-purchased 50 ETH when it was $45. Cost me $2,300 and is an incredibly risky short term investment now, because there very well could be a correction soon where it plummets back down to $15-20. However currently it sits at $51 so I'm up a few hundred as of now. I wasn't going to risk missing the train again IF it just keeps going and eclipses $100 soon.

Even if it plummets short term, I'm confident in Ethereum right now. It is now a mainstream coin sold on the most reputable exchanges like Coinbase. Ether, like Bitcoin, has seen RIDICULOUS gains in a short period of time, but Ether has been the surging coin of 2017 thus far.

Ether is closing in on a $5b market cap, and Bitcoin's is currently $16b. Ether reached a 4b market cap in 1 1/2 years, and it took Bitcoin 4 years to do the same.

Ether's market cap is now 1/3 of Bitcoin's, previously thought to be unheard of as Bitcoin used to totally dominate the crypto market. Over 90% of the money circulating in cryptocurrencies was in Bitcoin a few months ago, that number is now 67%.

In short, here's the difference between the two.

Bitcoin: A de-centralized online currency (the first of it's kind)
Ethereum: A de-centralized developer platform where developers can upload applications without a middle man, AND a cryptocurrency

In other words, there is nostalgia in Bitcoin, but Ethereum can do a lot more. This is why Ether has come out of NOWHERE, only the 2nd coin to reach a 1b market cap and in rapid speed.

Ethereum's mentality is that CURRENCY should be to de-centralization what EMAIL is to THE INTERNET - only a small piece of the puzzle.

@Tenacity curious about your thoughts on this.

I honestly don't fvck with cryptocurrencies lol. I don't think anything is going to replace the dollar as the dollar has too much mass production behind it, that the cryptocurrencies don't have.

It's all speculation which is fine, but I personally don't fvck with it.

 

[backbreaker]

i get weed and other various musings from the deep web (for instance tehy have like on point replica rolexes for eighty dollars)

last year i bought like 3 bitcoins for 400 dollars and used 1 and had about 750 dollars left. i logged into blockchain to buy some weed lol and i saw a replica brietling watch i wanted and i had 1800 dollars. **** yeah lol

 

[backbreaker]

for conversion i use paxful i don't like the idea of verifying **** that's the whole point of bitcoin plus i ain't got time to be waiting i want my **** when i want it. went smoothly i use blockchain.info for my wallet

you really ahve to be a village idiot to use a site like coinbase that is that offical next they will be tracking where you sent your money from coinbase / what deep web site

pay a little more stay off the grid

 

[Who Dares Win]

I'm considering to buy some btw eth and xmr but not that familiar with exchanges especially not that sure about providing my id to random sites

 

[BlueAlpha1]

for conversion i use paxful i don't like the idea of verifying **** that's the whole point of bitcoin plus i ain't got time to be waiting i want my **** when i want it. went smoothly i use blockchain.info for my wallet

you really ahve to be a village idiot to use a site like coinbase that is that offical next they will be tracking where you sent your money from coinbase / what deep web site

pay a little more stay off the grid

And get hacked.

 

[wifehunter]

My Bitcoin has gone up 150% times since I bought it. I didn't invest much, just $200, but now it's worth $450 and still rising.

When should I sell it? Any tips on when to know? It occasionally goes down and then climbs up farther.

It depends on your situation...But, I'd buy more!

Btw, thanks for posting this!!!

 

[AAAgent]

i sold my bitcoin/ethereum for a family emergency last week. wanted to punch myself but what can you do. I immediately bought back as much ethereum and litecoin this week as I could. Still made a killing. Literally bought $1k worth of litecoin LAST NIGHT and im up 30%.

 

[wifehunter]

i sold my bitcoin/ethereum for a family emergency last week. wanted to punch myself but what can you do. I immediately bought back as much ethereum and litecoin this week as I could. Still made a killing. Literally bought $1k worth of litecoin LAST NIGHT and im up 30%.

Very encouraging!

 

[PrettyBoyAJ]

How much profit did you make AAA on the bitcoin?

 

[AAAgent]

averaged in bitcoin at $950. sold at $1300 over the course of 4 months.

I bought ethereum at $50 and sold at $60.

Holding a the same amount of Ethereum at 77. It's currently at $100.

Bought litecoin last night at $21. It's currently at $26 (was at 29 this afternoon).

Today alone, I'm up $600 in profit. It would be alot more if i did not have to cash out my coins last week for a family emergency.

 

[wifehunter]

averaged in bitcoin at $950. sold at $1300 over the course of 4 months.

I bought ethereum at $50 and sold at $60.

Holding a the same amount of Ethereum at 77. It's currently at $100.

Bought litecoin last night at $21. It's currently at $26 (was at 29 this afternoon).

Today alone, I'm up $600 in profit. It would be alot more if i did not have to cash out my coins last week for a family emergency.

Brilliant!!!

Which exchange, wallet etc.? I need to get setup...so EXCITED!!!

 

[wifehunter]

Not sure about him but I used Coinbase to buy my Bitcoin. It was easy and secure.

Thanks, I'll check it out!!!

 

[AAAgent]

Not sure about him but I used Coinbase to buy my Bitcoin. It was easy and secure.

ditto.

FYI - what backbreaker said should be taken into consideration. I buy bitcoin as an alternative currency that isn't tied to our banking system. I don't trust our banking system and i think it could potentially collapse in the next few years. If you are holding bitcoin in the exchange, who knows what will happen to it. If you take it offline into a paper wallet or some kind of secure wallet, it might be safer. If you don't care, then Coinbase has been relatively good so far for me.

 

[AAAgent]

I use Coinbase.

1% fee and secure, because they send a verification text message to the cell on file every time you log in.

They also started selling Ethereum, the #2 cryptocurrency in terms of market cap. Some people think it will eventually challenge Bitcoin as we already saw a crazy rise from $0.96 to $19.48 about a year ago. Undoubtedly some people flipped 6 figures on that. I lost $300 on it recently. It was rallying toward the $15 mark a 2nd time and I got in at $9, but it shortly cratered back down to $6.50.

Drawbacks to Coinbase - very low buying limits the first month or so. I'm talking $250 spending limit a week. Pain in the azz but a fraud prevention thing. But my limit is up to $2,500 now in just a matter of months. Other drawback is it takes 1 week for the Bitcoin to arrive, so currently no day trading but for a much smaller allotment of "available now" buying power (maybe $50 a week).

How did you get to $250 in credit card purchases? I've tried 100 times getting more verification with my license but it fails to recognize the image. I'm stuck at $100 purchases a week and have to buy from my bank account.

 

[AAAgent]

I had 100 ETH just six months ago which I spent $1200 on. That would be worth over $5000 today if I'd held.

I just re-purchased 50 ETH when it was $45. Cost me $2,300 and is an incredibly risky short term investment now, because there very well could be a correction soon where it plummets back down to $15-20. However currently it sits at $51 so I'm up a few hundred as of now. I wasn't going to risk missing the train again IF it just keeps going and eclipses $100 soon.

Even if it plummets short term, I'm confident in Ethereum right now. It is now a mainstream coin sold on the most reputable exchanges like Coinbase. Ether, like Bitcoin, has seen RIDICULOUS gains in a short period of time, but Ether has been the surging coin of 2017 thus far.

Ether is closing in on a $5b market cap, and Bitcoin's is currently $16b. Ether reached a 4b market cap in 1 1/2 years, and it took Bitcoin 4 years to do the same.

Ether's market cap is now 1/3 of Bitcoin's, previously thought to be unheard of as Bitcoin used to totally dominate the crypto market. Over 90% of the money circulating in cryptocurrencies was in Bitcoin a few months ago, that number is now 67%.

In short, here's the difference between the two.

Bitcoin: A de-centralized online currency (the first of it's kind)
Ethereum: A de-centralized developer platform where developers can upload applications without a middle man, AND a cryptocurrency

In other words, there is nostalgia in Bitcoin, but Ethereum can do a lot more. This is why Ether has come out of NOWHERE, only the 2nd coin to reach a 1b market cap and in rapid speed.

Ethereum's mentality is that CURRENCY should be to de-centralization what EMAIL is to THE INTERNET - only a small piece of the puzzle.

@Tenacity curious about your thoughts on this.

Don't sell. Bitcoin is on it's way up to 2000+ this summer. All alt coins will rise with it. Watch all the legalization going on with bitcoin. China, Russia, US, Japan, some random tropical islands have all legalized bitcoin as a method of payment. Pair that with China's markets plummeting, europe in turmoil (especially if le pen wins and does leave the EU), more people are going to learn about bitcoin and an alternative currency and speculative store of wealth. That and precious metals, gold and silver.