Trading Crypto currency

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Re: Trading Crypto currency

Postby violet » Mon Jun 12, 2017 3:33 am

An idiot's guide to building an ethereum mining rig

https://motherboard.vice.com/en_us/arti ... ource=mbfb
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Postby ricecakes » Mon Jun 12, 2017 5:19 am

Not really sure. If I had to guess id say amongst many factors the crypto currencies are gaining wider understanding / acceptance in society . I mean....if mugs like me are researching and trying to get their heads around it, it means the currencies are going more "main stream". It is a much different landscape now though and it is very confusing. Once it seemed like there was just bitcoin but now there are many many digital coins popping up. Supply and demand issues are also at play. Unlike your average penny dreadful stock which might have a billion shares on the their register, some of these crypto currencies are tight. ETH had around 90m supply late April. My limited understanding is that more get released as the block chain grows but they have caps on how many will ever be in existence apparently. I think BTC is capped at 319m.

Don't even try to get your head around mining the currencies. That is a mental cluster fuck of the highest order :eyes:


ETH now $352
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Postby epidemiks » Mon Jun 12, 2017 12:38 pm

The Bitcoin protocol caps the number of coins at 21m, with coins divisible to the 8th decimal - around $0.00002921 usd at current market price.

If they change the protocol, a new limit could be set.

Ether, I believe, will release more at a rate of 18m each year.
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Postby Gin&Tonic » Mon Jun 12, 2017 1:34 pm

I looked at btc as an investment years ago and came to the quick thought that it was a fad. I still think they are but current markets contradict that. The future though is uncertain. One thing for sure is that the banks and governments of the world aren't going to let an unregulated currency steal their pie.

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Re: Trading Crypto currency

Postby kiiniaew » Mon Jun 12, 2017 3:18 pm

This is an interesting article on crypto-coins, the blockchain, smart-contracts and how it could be used for good or evil (if the A.I / robotics race does not finish us off first...).
https://www.theatlantic.com/technology/ ... nd/528543/

It's hard to predict if the whole thing will blow up or it goes like the internet (who needs that?) and computers (64kb memory is more than enough).
Right now the price increase seems fueled by VC and other investors + a minority of the general public, driven by news and hype. Sure, we will see crashes at various intervals but the top 5 coins will likely keep going.
They might change over time as better techniques come out. Right now BTC is gold and Ethereum is silver. If coins become less volatile and the general public has a use for them the current prices are peanuts. :thumbsup:

Be smart, take your investments out and play around with your profits. Use kraken or other trading platforms to sell at a fixed price so not all of your profits will be lost during a big crash. Stuff happens fast so it is entirely possible to wake up and see your coin has been wiped out overnight.
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Re: Trading Crypto currency

Postby ricecakes » Mon Jun 12, 2017 3:28 pm

ETH now $371 and capped at $34bn.

BTC gone $3000

What a ridiculous week.
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Re: Trading Crypto currency

Postby ricecakes » Mon Jun 12, 2017 6:58 pm

Jesus H Titty fucking christ

ETH hit $416 today. :-o
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Re: Trading Crypto currency

Postby violet » Mon Jun 12, 2017 7:05 pm

I hope you bought a decent amount
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Re: Trading Crypto currency

Postby ricecakes » Thu Jun 15, 2017 3:42 pm

I'm out. Not the top unfortunately but $140 to $360 in 3 weeks is fine by me. From here.....not game to call it.
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Re: Trading Crypto currency

Postby Spigzy » Thu Jul 06, 2017 11:05 am

ricecakes wrote:I'm out. Not the top unfortunately but $140 to $360 in 3 weeks is fine by me. From here.....not game to call it.


Probably a safe bet :thumbsup:

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Postby ricecakes » Fri Jul 07, 2017 9:51 am

Didn't Michael Jackson blow bubbles ?

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Re:

Postby Spigzy » Fri Jul 07, 2017 11:09 am

ricecakes wrote:Didn't Michael Jackson blow bubbles ?


He did, and what's really going to bake your noodle, Dame Vera Lynn predicted & recorded a song about it back in the 40s!

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Re: Trading Crypto currency

Postby scobienz » Mon Jul 17, 2017 7:13 pm

Close to $50bn value wiped off Bitcoin and Ether over the weekend, with Bitcoin falling 30% and Ether dropping by half.
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Re: Trading Crypto currency

Postby ricecakes » Tue Jul 18, 2017 5:15 pm

scobienz wrote:Close to $50bn value wiped off Bitcoin and Ether over the weekend, with Bitcoin falling 30% and Ether dropping by half.


My trade was more arse than class.
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Re: Trading Crypto currency

Postby kiiniaew » Wed Jul 19, 2017 7:28 am

Some recovery again. As Aug1 is approaching expect the rollercoaster ride to continue :-) I took profits at the highs and have left some in BTC/ETH. Hopefully by end of year it has shot up again.
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