Does anybody buy/sell/trade any sort of cryptocurrency? Things like bitcoins, litecoins, ethereum, stash, ripple, etc etc etc.
The list goes on and on and there seem to be new coins being brought around everyday. I remember way back in the day, some guy on gaminggutter was trading for bitcoins back when they were like 50cents each. He said he had like 300 bitcoins, which seemed stupid at the time. Jokes on me, each coin is worth like $2400 right now. Missed opportunities.
I sold all my bitcoins when they were up around $2800, so I'm not invested there anymore. What I am invested in is ethereum. Bought $200 worth when it was $7 each and it's gotten up to about $215 each recently. Waiting to see if it's going to go even higher. I'm so on the fence. Go big or go home though, yeah?
Anybody do any of this stuff? There are exchanges that allow you to buy/sell/trade constantly. I have been looking into them but they are a bit overwhelming. I think it's all very interesting.
What's my definition of success?
Creating something no one else can
Being brave enough to dream big
Grindin' when you're told to just quit
Giving more when you got nothin' left
I think it's really interesting, but not something I could get involved in. I don't know very much about cryptocurrencies, but it's crazy to see how popular they've become.
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It's really not as complicated as it might seem. The only issue is the whole "it takes money to make money" is very true unless you either get very lucky, or get in on the ground floor. You could go to a site like coinbase and buy bitcoin/ehtereum/litecoins directly from them. Nothing at all to worry about as far as managing it yourself.
I have been following all the news surrounding a few different coins and it's very interesting to see the traction some of them are starting to get. I am still kicking myself for not buying more bitcoin while it was down around $950 just a month or two ago.
What's my definition of success?
Creating something no one else can
Being brave enough to dream big
Grindin' when you're told to just quit
Giving more when you got nothin' left
No, I have no idea how it all works and I'm a bit paranoid about getting scammed, plus there's the fluctuations in values.
My friend got me interested in setting up a Coinbase account and now I am following and trading cryptocurrency. I don't have much but I wish I started a long time ago...
I remember when you talked about it Andrew, years ago. And my friend I knew since I was a kid was mining Bitcoins a long time ago... I stopped talking to him and now I'm curious if he still has his BC's
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The fluctuation is part of the fun though! You can buy low and sell high. Make a profit or simply ride the wave and look at it as an investment.
You might actually remember the guy I mentioned in my first post - KaosKinesis? He was a shithead but he may have gotten really lucky by jumping on the bitcoin train super early.
I wish I could figure out how to mine the coins. There are all these sites out there that talk about how much electric you would use when compared to your processing power.. trying to determine if it would be worth it or not.
If you're looking for something to get into, I would definitely suggest investing in Ethereum. You can get in right one coinbase too. Their doing some big things and getting all these HUGE corporations on board with their "smart contracts". Google around and look into it a bit, it's really interesting stuff. I can see them exploding in the next few years. I'm waiting for it to dip back down again and I'll probably toss a chunk of change at it again.
Last edited by I_royalty_I; 05-26-2017 at 11:38 AM.
What's my definition of success?
Creating something no one else can
Being brave enough to dream big
Grindin' when you're told to just quit
Giving more when you got nothin' left
Oh I know about Ethereum. It's also backed by Microsoft, among many other huge corps as you said.
The friend I mentioned, he actually bought a ton of these little USB devices that you plug into your computer and let them run... while they mine bitcoins. This was 4+ years ago and I seriously wonder what he ended up doing with his cryptocurrency ventures. To mine BC today is not worth it from my understanding... since there are 21million possible bitcoins and about 17m or so already mined, it gets harder and harder to mine them as we reach the 21million cap.
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[02/24/2013] Stealth CORE is made into the first standalone Neopets auto-player.
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They are backed by Microsoft too. The list of corps that are currently involved with them is pretty darn impressive. It seems their blockchain can be applied to literally everything. I have seen predictions that it could get to a price point higher than bitcoins eventually. Insanity.
He would just run the mines off of usbs? I'm sure that would work somehow but I have no idea how. Mining bitcoins now a days is definitely not worth it. There are professional operations out there that spend TONS of money. We can't compete with them. It would be cool to mine ethereum though. I looked into it a bit but couldn't find anything to help out with the "how".
What's my definition of success?
Creating something no one else can
Being brave enough to dream big
Grindin' when you're told to just quit
Giving more when you got nothin' left
I've ofcourse heard the stories of people making fortunes from bitcoin. But I always figured the ship has sailed on it so never put any effort into researching. I play in stock market a bit.. definitely going to check this out
The stock market is something I want to learn more about and get into. I just downloaded this app called Stash the other day. It basically lets you invest in different ETFs on whatever scale you want. It's pretty interesting. I've only put a little bit into it so far, so not sure how it's going to work.
I feel like I'd have better luck trading cryptocurrencies on an exchange like Poloniex or similar. The ship definitely has not sailed on bitcoin. Not completely. It was at like $950 a month or two ago. Then it shot up to $2800. It's back down to $2400 and is fluctuating basically all day everyday. It's driven by speculation. If they FTC approves the measure to regulate bitcoins in an ETF, the price would shoot up crazy high. Keep an eye out for that. It was denied the first time but I have a feeling it will be brought up again.
What's my definition of success?
Creating something no one else can
Being brave enough to dream big
Grindin' when you're told to just quit
Giving more when you got nothin' left