Bitcoin....who's gotten into it?

This is all going to end horribly. Don't get caught without a chair.

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Originally Posted by Meathelmet

The yield is obviously dropping the more expensive the currency gets...but?

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Obviously ... duh ... shu ... whatevs ... of course .... everybody knows that


(I have no idea why that's so obvious)

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Originally Posted by huckbucket

Obviously ... duh ... shu ... whatevs ... of course .... everybody knows that


(I have no idea why that's so obvious)

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What I meant with the mining yield : I did not find a calculator that would account the raising valuation of the currency regarding the effort of mining it? What I read at some point that with self paid energy expenditure (median) the tipping point with Ethereum was around 400€.
Above that it was worthless to mine it as you could not break even. But, with free electricity and paid hardware, where might it be?
Bitcoin has obviously surpassed that ages ago unless you have a idle server farm with free electricity.

^^^ Even if you have to pay for your electricity, isn't most of it wasted as heat? Seems like if you have to heat your home anyway, why not help heat it with a hot chipset and mine at the same time?

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Originally Posted by Dromontana

I think ETH is the best r/r trade now vs. LTC & BTC. IOTA looks really good on the daily, breaking out against USD. But for now I'm in ETH looking for 1k/per. I'm keeping an eye on IOTA though as it's a compelling setup. Also BCHBTC is a sweet r/r setup.

Saw my brother's cryptowallet today, it made me a little jelly :rolleyes2

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ETH is pricier than LTC though. Wasn't LTC up like 87% today? Just wonder if it will climb along side BTC like it has been. ?

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I wouldn't get caught up in price. But I guess its nice to have a "whole coin".

Ive started buying in equal amounts.

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Originally Posted by Flyoverland Captive

^^^ Even if you have to pay for your electricity, isn't most of it wasted as heat? Seems like if you have to heat your home anyway, why not help heat it with a hot chipset and mine at the same time?

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Because the hotter ur chips the less they can hash

EOS is effing ripping. Already 3x since I bought in less than 2 weeks ago. Still not quite sure why though lol. I guess it's just people speculating on an "ether-like" coin.

Tulips.

From $60,641 to $3.9 billion in 7 days. Key-rist!!

Attachment 218783

I think I am going to give some bitcoin to people as an Xmas gift.

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Originally Posted by basinbeater

I think I am going to give some bitcoin to people as an Xmas gift.

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How do I get on that Xmas list santa?

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Cook me some dinner, have some kids of mine, and give it up on a regular basis.
Might do it for the in laws too.

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Originally Posted by Benny Profane

Tulips.

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For people like Zuckerberg, Winklevossi, Gates, & Bezos, their interest in starting companies included similar rewards to those participating in cryptos. And those firms are not bubbles. Ergo, one cannot divine bubble/no bubble determinations simply from returns, as has been widely reported in the press.

What the fuck does something like Amazon have to do with Gold 2.0?

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Originally Posted by Benny Profane

What the fuck does something like Amazon have to do with Gold 2.0?

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Both are ways in which people get rich?

(what do I win?)

Oh boy. Good luck dudes. Born every minute, the saying goes. Nobody learns. This time it's different.

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Originally Posted by basinbeater

Cook me some dinner, have some kids of mine, and give it up on a regular basis.
Might do it for the in laws too.

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I can really only provide the food part. Guess I'm out.

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EOS $7.44, was just under $2 like 2-3 weeks ago.

Yeah, right, sounds good. Keep on talking like that. Makes sense. Good luck with your retirement!

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Originally Posted by basinbeater

I think I am going to give some bitcoin to people as an Xmas gift.

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Seems like a good way to lose it forever... depending on who you're given it to and how you're gonna do it.

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Originally Posted by Benny Profane

Tulips.

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I had typed this exact post the night before but was apparently too fuked up to make it happen.

Anyhow X2

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Originally Posted by Benny Profane

Oh boy. Good luck dudes. Born every minute, the saying goes. Nobody learns. This time it's different.

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https://quotefancy.com/media/wallpap...n-the-tops.jpg

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Originally Posted by Captn-See-Had

Seems like a good way to lose it forever... depending on who you're given it to and how you're gonna do it.

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Yup, I thought about it for my family this year. I think the only way to safely do it is to just keep all their individual coin in separate wallets that I control. Normal people have no idea about this shit yet.

I saw something on reddit where a few years ago some guy gave everyone in his family btc and they all lost their paper wallets except one. They threw away alot of money.

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Originally Posted by Whiteroom_Guardian

Yup, I thought about it for my family this year. I think the only way to safely do it is to just keep all their individual coin in separate wallets that I control. Normal people have no idea about this shit yet.

I saw something on reddit where a few years ago some guy gave everyone in his family btc and they all lost their paper wallets except one. They threw away alot of money.

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Funny thing. In 2010 I had a kid and my BIL had a kid in the same month. I was setting up a college 529 plan for my kid etc. At the time I thought it would be cool to buy a couple hundred $ in BTC for each kid just in case, you know it amounts to something. Talked to my BIL about it and setting up a wallet, etc. It was too hard for him to wrap his head around and seemed too complicated. So I dropped it because I am already the weird uncle. I wonder if he remembers that conversation.

I still don't understand how central banks and sovereign treasury departments sign off on this. At the end of the day, crypto currencies will be legal tender on Peter Thiel's oil rig, but that's about it.

Or it gets heavily regulated.

I guess I can understand some people's views on this. Look at how many crypto currencies there are, over 1300 https://coinmarketcap.com/all/views/all/
Anyone can create their own, look here is AppleCoin which has a total maket cap of $14 LOL, literally fourteen dollars: https://coinmarketcap.com/currencies/applecoin-apw/

Regardless who's everyone using, Coinbase? Bitstamp? Seems Bitstamp lets you trade in most all cryptos?


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Originally Posted by marcg

Regardless who's everyone using, Coinbase? Bitstamp? Seems Bitstamp lets you trade in most all cryptos?

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I buy on Gemini (cheaper than Coinbase and less down time) and transfer to Bittrex to buy anything other than BTC/ETH.

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Originally Posted by Dromontana

Ethereum still chugging along, After it crests I'm getting a little antsy to either go into NEO or BCH, but having a wallet for BCH is tugging me in that direction.

Thanks pop.

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Yeah, when I saw people breeding cats on the Ethereum network, I got more bullish. It's kind of how the internet works :)

I started buying NEO after China cracked down on cryptos in the fall (wish I had when it was AntShares and I was thinking of it over the summer). China has a huge problem with capital flight, but they're also not going to be left behind the rest of Asia in financial development. My guess is that they get more regulations in place and start loosening restrictions sometime next year. That's my gamble on NEO. It has some important differences from ETH, but most people just know it as "Chinese Ethereum." And when it comes to technology, China biases toward home-grown products.

As for BCH, I'm happy I have some from the fork, but I'm not sure I'd buy more. Though rumor is that Coinbase is going to add more coins in 2018, and BCH is likely to be one of them. And if things go on Coinbase (while the market is still wildly irrational), they'll go up.

I'll throw this out here - so couple years ago a co-worker gave me some bitcoin on a "paper wallet" - has public/private key, cool little holigram and barcode square thingy.

It was like $1 when he gave it to me - now its like $50. How can I E A S I L Y spend this thing? Googled "25 top places that take bitcoin" nothing really.....looks like I could possibly use it to buy an Amazon Gift card through a 3rd party? What else? Or should I just put it back in my desk drawer and maybe it will be $100 next time I look.?

Sincerely Crypto Jong.

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Originally Posted by pepperdawg

I'll throw this out here - so couple years ago a co-worker gave me some bitcoin on a "paper wallet" - has public/private key, cool little holigram and barcode square thingy.

It was like $1 when he gave it to me - now its like $50. How can I E A S I L Y spend this thing? Googled "25 top places that take bitcoin" nothing really.....looks like I could possibly use it to buy an Amazon Gift card through a 3rd party? What else? Or should I just put it back in my desk drawer and maybe it will be $100 next time I look.?

Sincerely Crypto Jong.

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Just hold it. It could be worth $1 in 5 years or $10k in 5 years, who knows? Risk/reward says don't be that guy who blew what could have been major bucks on a pizza.

But I'm hungry now dammit....

yeah leaning towards back into the drawer as too lazy to download and figure out to use a wallet for $~$50

Everyone’s a genius in a bull market.

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Originally Posted by pepperdawg

I'll throw this out here - so couple years ago a co-worker gave me some bitcoin on a "paper wallet" - has public/private key, cool little holigram and barcode square thingy.

It was like $1 when he gave it to me - now its like $50. How can I E A S I L Y spend this thing? Googled "25 top places that take bitcoin" nothing really.....looks like I could possibly use it to buy an Amazon Gift card through a 3rd party? What else? Or should I just put it back in my desk drawer and maybe it will be $100 next time I look.?

Sincerely Crypto Jong.

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overstock.com

https://www.google.com/amp/s/www.coi...-effort-china/

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Denny's (that Denny's) getting in on the crypto market. Pitcoin. Buy! Buy! Buy!

https://pbs.twimg.com/media/DQ81q-FW4AEWkgk.jpg

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Originally Posted by Dromontana

Very true - one thing I'm not sure if you have much exposure to is the fact that major corp CIOs are eating up the blockchain methodology. .

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(Far too few) peeps have contemplated what the whole "block chain" could actually be utilised for in this current world of capitalism.
As it has shown, it holds interest. But for what? At some point the general consensus was that it could "advance the democracy" by rearranging the concepts of trade, from centralised to more P-to-P. And now what has happened? It has turned into a speculative instrument that is utilised by the very machine that has been fought to begin with.

What was that saying? "Revolution eats its own"?

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Originally Posted by Meathelmet

(Far too few) peeps have contemplated what the whole "block chain" could actually be utilised for in this current world of capitalism.
As it has shown, it holds interest. But for what? At some point the general consensus was that it could "advance the democracy" by rearranging the concepts of trade, from centralised to more P-to-P. And now what has happened? It has turned into a speculative instrument that is utilised by the very machine that has been fought to begin with.

What was that saying? "Revolution eats its own"?

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I found this helpful. Plus, the host is hawt!!



Funny that they explicitly state in that video that one risk of BTC is that it will tarnish the potential of blockchain.

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Originally Posted by wakefield

Yeah, when I saw people breeding cats on the Ethereum network, I got more bullish. It's kind of how the internet works :)

I started buying NEO after China cracked down on cryptos in the fall (wish I had when it was AntShares and I was thinking of it over the summer). China has a huge problem with capital flight, but they're also not going to be left behind the rest of Asia in financial development. My guess is that they get more regulations in place and start loosening restrictions sometime next year. That's my gamble on NEO. It has some important differences from ETH, but most people just know it as "Chinese Ethereum." And when it comes to technology, China biases toward home-grown products.

As for BCH, I'm happy I have some from the fork, but I'm not sure I'd buy more. Though rumor is that Coinbase is going to add more coins in 2018, and BCH is likely to be one of them. And if things go on Coinbase (while the market is still wildly irrational), they'll go up.

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Im in Neo via binance now, mostly because of the good chart. Have a gemini account I'm going to use to buy some BTC tomorrow. Being an actual licensed broker with the Winklevossi in the mix is a plus, and it's a regulated u.s. broker for btc/eth.

Sold my eth after a trip from 530 to 745.

Feds: New York woman laundered bitcoin to aide Islamic Statehttp://www.kiro7.com/news/national/feds-new-york-woman-laundered-bitcoin-to-aide-islamic-state/664196837