Board 8 > Cryptocurrency hype topic [That Litecoin tho]

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Xiahou Shake
12/19/17 2:31:12 PM
#51:


This all seems fascinating but everything about it beyond the basic concepts seem completely alien to me. Feel like I should at least try to figure some of it out considering some bizarre explosion like folks are hoping for here is probably my best chance of affording a down payment in Orange County any time in the next 7 years. X_X
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ChaosTonyV4
12/19/17 2:35:30 PM
#52:


Also I just read that if you have BTC on Coinbase and the projected fork of B2K happens, you'll be credited with an equal amount of B2K?

I don't understand that. Is that literally just free money?

How and why? Every time I think I'm learning the intricacies of crypto...
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foolm0r0n
12/19/17 2:42:07 PM
#53:


ChaosTonyV4 posted...
John McAfee showed an interest in it, and since then it's been exploding.

It's also pennies right now, so if it ever catches fire, you could make fuck you money super easily.

All hype then

pass
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foolm0r0n
12/19/17 2:48:38 PM
#54:


ChaosTonyV4 posted...
Also I just read that if you have BTC on Coinbase and the projected fork of B2K happens, you'll be credited with an equal amount of B2K?

No, Coinbase will be credited an equal amount. You don't get control of your forked coins unless you control your private keys.

A fork is just what it sounds like, it splits the chain into 2. One is the main bitcoin chain, and the other is the altcoin. They both share the same history, so naturally you have an exact copy in the alt chain as you do on the bitcoin chain.

It's not necessarily free money since theoretically people have to buy in to the new chain from the main chain, splitting the value. In practice it ends up being free money because none of the previous forks (cash, gold) actually caused the BTC price to drop, while the alt increased in value. So you can claim your coin on the alt chain and then sell it for more BTC.

For example right now BCH is 0.13 BTC, so if you haven't claimed your BCH yet (and you had control of your private keys before August 1) then you can sell it to gain a free 13% boost to your BTC. I sold mine when it was about 9% way back when. And then BTG for about 3%.
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HotDogButts
12/19/17 5:46:14 PM
#55:


ChaosTonyV4 posted...
John McAfee showed an interest in it, and since then it's been exploding.

It's also pennies right now, so if it ever catches fire, you could make fuck you money super easily.


just because something is pennies doesn't mean shit. a coin can have the same market cap as bitcoin and still only be worth 10 cents (theoretically). John McAfee is also a lunatic. There's nothing wrong with diversifying, and it's in fact smart, but just throwing money at cheap shitcoins is a really dumb strategy.
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foolm0r0n
12/19/17 6:00:56 PM
#56:


Tony is the quintessential example of the person people imagine when they dismiss crypto as a dangerous bubble
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MysticBrohan
12/19/17 6:04:13 PM
#57:


think im gonna get in on golem
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HotDogButts
12/19/17 6:09:28 PM
#58:


any reason why? Golem was a sexy hype coin back in like april. it's worth exactly the same as it was then, now. Not saying that means it can't continue to grow but is there any reason to believe more in it now?
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MysticBrohan
12/19/17 6:15:59 PM
#59:


nope
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ChaosTonyV4
12/19/17 6:25:01 PM
#60:


HotDogButts posted...
ChaosTonyV4 posted...
John McAfee showed an interest in it, and since then it's been exploding.

It's also pennies right now, so if it ever catches fire, you could make fuck you money super easily.


just because something is pennies doesn't mean shit. a coin can have the same market cap as bitcoin and still only be worth 10 cents (theoretically). John McAfee is also a lunatic. There's nothing wrong with diversifying, and it's in fact smart, but just throwing money at cheap shitcoins is a really dumb strategy.


Ok but if it gets to 10 cents Ive almost tripled my money.

Anyway, like I said, its not just the low price, the team is saying a lot of smart things and with the Wraith Protocol theres a lot of potential there.

Theres reason to be hopeful.
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foolm0r0n
12/19/17 6:41:38 PM
#61:


ChaosTonyV4 posted...
Ok but if it gets to 10 cents Ive almost tripled my money.

Here's a really crazy thought: what if it goes to 1 cent?
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HotDogButts
12/19/17 6:42:25 PM
#62:


i'm def not an expert on any of this but i don't know why verge would be getting picked as a winner. There's already a bunch of coins that do the exact same thing with a better track record and it offers 0 utility. They're trying to be a straight currency/store of value + anon when there's already a bunch of dudes with better adoption/just as good tech out there already. I just don't get it but again, far from an expert.
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swirIdude
12/19/17 7:06:56 PM
#63:


Altcoins look interesting, but I find it overwhelming just trying to figure out what the best/safest exchanges are to buy these altcoins that aren't on Coinbase.
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HotDogButts
12/19/17 7:08:44 PM
#64:


wallets my dude

you really only have to trust these places for 2 seconds.
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ChaosTonyV4
12/19/17 7:08:53 PM
#65:


foolm0r0n posted...
ChaosTonyV4 posted...
Ok but if it gets to 10 cents Ive almost tripled my money.

Here's a really crazy thought: what if it goes to 1 cent?


Thatd be pretty disappointing, but its a risk Im ok with.

I have Ether and Litecoin for my slow guaranteed growth.

Then I have some money Im fooling around with on high risk coins.
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HotDogButts
12/19/17 7:11:11 PM
#66:


how is ether or litecoin slow lmao
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CaptainOfCrush
12/19/17 7:11:54 PM
#67:


HotDogButts posted...
wallets my dude

you really only have to trust these places for 2 seconds.

I'm disappointed with the transaction fees (that I've seen) required to transfer them to a wallet. If I wanted to transfer to a wallet, and then transfer to an exchange later to sell the crypto for USD, would I need to pay transaction fees twice?
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ChaosTonyV4
12/19/17 7:14:37 PM
#68:


HotDogButts posted...
how is ether or litecoin slow lmao


Compared to Verge wth an 800% change in a week?
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foolm0r0n
12/19/17 7:19:12 PM
#69:


ChaosTonyV4 posted...
Thatd be pretty disappointing, but its a risk Im ok with.

That's fine but it shouldn't be surprising when someone doesn't want to take that risk since it's not a legitimate possibility, it's very likely
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HotDogButts
12/19/17 8:04:20 PM
#70:


I mean ltc just went up 400%+ in a week so yeah
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ChaosTonyV4
12/19/17 8:17:55 PM
#71:


Wowww they added bitcoin cash to Coinbase and it surged.

The influence is real.
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ChaosTonyV4
12/19/17 9:05:45 PM
#72:


Uh, if you have the money BCH is trading for $3k at some exchanges and is over $8k on Coinbase.
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foolm0r0n
12/19/17 10:04:19 PM
#73:


Okay didn't expect that, this is some messed up shit
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ChaosTonyV4
12/20/17 2:02:40 PM
#74:


@foolm0r0n did you capitalize / learn more about what happened?
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foolm0r0n
12/20/17 2:34:20 PM
#75:


I tried to arbitrage but gdax had frozen already... it only lasted like an hour and there weren't even any buyers so nothing really happened. BCH went up on other exchanges in anticipation of gdax coming back, so the tiny bit I had there went up. But now it's going back down again.

Like every other "huge catastrophic" bitcoin event, this one amounted to pretty much nothing...
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HotDogButts
12/20/17 5:09:21 PM
#76:


by the time tony posted that bch was already frozen on gdax. Within minutes of them sending out the email saying BCH was on gdax, gdax went down, when it came back up BCH was already frozen. there was like 0 opportunity to arb just people freaking out
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foolm0r0n
12/20/17 5:50:43 PM
#77:


yeah way more boring than I expected when I first saw this stuff
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thundersheep
12/21/17 2:48:52 PM
#78:


I'm curious what the best apps (Android) are for basically just looking at what's in your wallets (ETH and BTC) seeing their current value? Not really planning on doing day trading or getting into the lesser-known cryptos either.

I mean I guess I just want to see what's on the Coinbase dashboard once I transfer the money out of it. That and I guess it would be a bonus if it were made by a really trusted company and the app made it easy to bull/sell more within the app itself.
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foolm0r0n
12/21/17 3:05:13 PM
#79:


I think Mycelium lets you add a view-only wallet with your public key
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ShatteredElysium
12/21/17 3:29:09 PM
#80:


So if I wanted to get into this, which sites do you recommend I use? A friend said Coinbase and Binance is what he uses but there's so many out there and he isn't the type to research them all so just wanted to check with you guys who I honestly would trust more on it.

I'm not dropping silly money into it. Just sort of play money.
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Menji
12/21/17 11:44:51 PM
#81:


Coinbase is super easy to use. Just sign-up and link an account and you can buy.
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ChaosTonyV4
12/22/17 5:10:47 AM
#82:


Coinbase is the most user-friendly for sure.

In return, their fees seems to be on the higher end.
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guffguy89
12/22/17 11:09:38 AM
#83:


Huge drop in bitcoin today
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Menji
12/22/17 11:44:11 AM
#84:


No, it's just on sale.
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foolm0r0n
12/22/17 12:03:57 PM
#85:


Cheap 10k bitcoin plz

I'm sad that the whole market went down too though
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Corrik
12/22/17 12:07:56 PM
#86:


Bubble bursting.
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foolm0r0n
12/22/17 2:05:21 PM
#87:


Which bubble?
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_foolmo_
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mnkboy907
12/22/17 2:21:30 PM
#88:


Sounds like cryptocurrency is becoming a prime target for hackers. One exchange filed for bankruptcy after having $60 million stolen, and Ether was just hit for upwards of $250k.
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foolm0r0n
12/22/17 2:41:36 PM
#89:


In 2013, the largest exchange (like Coinbase) had 750000 bitcoin stolen. This caused the price to crash from $1200 to $250 for about 3 years.

The latest couple of hacks have been around 4000 bitcoin which is so small it doesn't even affect the price.
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swirIdude
12/22/17 3:21:31 PM
#90:


All the crypto haters are gloating about the drop in Bitcoin prices. It's still 13000+ but "ok".
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SmartMuffin
12/22/17 3:23:59 PM
#91:


They told me it was in a bubble when I bought in at $100
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ChaosTonyV4
12/22/17 3:25:53 PM
#92:


swirIdude posted...
All the crypto haters are gloating about the drop in Bitcoin prices. It's still 13000+ but "ok".


I've been tagged in so much shit on Facebook.
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HotDogButts
12/22/17 3:36:28 PM
#93:


every time the price goes down every hater/ignorant calls it a bubble.

wow btc didn't sustain a $10,000 bull rush increase in price over two months it's only 8K fuck
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Corrik
12/22/17 3:45:14 PM
#94:


HotDogButts posted...
every time the price goes down every hater/ignorant calls it a bubble.

wow btc didn't sustain a $10,000 bull rush increase in price over two months it's only 8K fuck

I call it a bubble cuz Warren Buffet called it a bubble. (Or someone of his renown)
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TomNook
12/22/17 3:48:36 PM
#95:


swirIdude posted...
All the crypto haters are gloating about the drop in Bitcoin prices. It's still 13000+ but "ok".

How does currency have haters?
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foolm0r0n
12/22/17 3:55:01 PM
#96:


Corrik posted...
I call it a bubble cuz Warren Buffet called it a bubble. (Or someone of his renown)

That's really smart dude keep it up
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Corrik
12/22/17 3:55:32 PM
#97:


foolm0r0n posted...
Corrik posted...
I call it a bubble cuz Warren Buffet called it a bubble. (Or someone of his renown)

That's really smart dude keep it up

I agree. If investing, believe in Buffett.
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foolm0r0n
12/22/17 3:55:35 PM
#98:


To be fair if you gloat about the price going up then you deserve reverse gloating when the price goes down
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ChaosTonyV4
12/22/17 4:16:43 PM
#99:


I dont gloat about it so much as celebrate/urge others to look into it.
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ChaosTonyV4
12/23/17 5:00:35 PM
#100:


Next page
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