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Jewlio Rides Again LLB
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PostPosted: 22:31 - 21 Jun 2017    Post subject: Reply with quote

Accounts now approved and realised I can send payment in EUR with no fees using Pingit app Dance!

Re Kraken, will I actually 'own' coins if I buy them, rather than just trading in them? As in, I can withdraw to my wallet? Confused
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The Artist
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PostPosted: 09:48 - 22 Jun 2017    Post subject: Reply with quote

Jewlio Rides Again wrote:
Re Kraken, will I actually 'own' coins if I buy them, rather than just trading in them? As in, I can withdraw to my wallet? Confused


Yes.
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piazza
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PostPosted: 12:34 - 22 Jun 2017    Post subject: Reply with quote

The Artist wrote:
I sold 1/3rd of my Ether yesterday. Need to put some cash in more conventional investments.

Will probably rebuy them if it drops significantly, as in <$150.

My attempts at trading in the past have not gone well so this time round, I am doing the opposite to what I was doing then. I am selling high when everything looks good and I am happy with the profit and buying when it's all doom and gloom.


Nice timing on the ether dump Laughing
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The Artist
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PostPosted: 09:25 - 11 Aug 2017    Post subject: Reply with quote

http://plasma.io/

So this is the creator of lightning networks and one of the founders of Ethereum joining forces to create a truly scale-able decentralised network.

Scaling is one of the biggest (if not the biggest) issues with current crypto tech.

This + IOTA are potential solutions for scaling crypto beyond its current limitations.
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The Artist
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PostPosted: 13:45 - 26 Aug 2017    Post subject: Reply with quote

Jewlio Rides Again wrote:
Got it working. Teach me to read the instructions (needed the low res bat to run it) Embarassed

Signed up with Kraken, and MoneroDirect. Waiting of ID approval through Kraken & OKPay, and seems the price is on the down. Hope it carries on downwards until after I've had my approvals Very Happy


So did you get any before the past few days?

http://i.imgur.com/jZCxtbE.png

http://i.imgur.com/eHccnWC.png
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Sload
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PostPosted: 14:09 - 26 Aug 2017    Post subject: Reply with quote

Whats going on with bitcoin at the minute Artist?
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The Artist
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PostPosted: 14:37 - 26 Aug 2017    Post subject: Reply with quote

Sload wrote:
Whats going on with bitcoin at the minute Artist?


In what sense?

Price...
http://i.imgur.com/SzZ6CQS.png

Or do you mean bitcoin vs. bitcoin cash?
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Sload
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PostPosted: 15:11 - 26 Aug 2017    Post subject: Reply with quote

Cause, longevity?
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Pjay
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PostPosted: 15:30 - 26 Aug 2017    Post subject: Reply with quote

I'm seriously considering buying a few ant miners to mine Bitcoin. It's insanely profitable at the high end of mining hashpower.
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Jewlio Rides Again LLB
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PostPosted: 20:17 - 26 Aug 2017    Post subject: Reply with quote

Bought a couple when they were at around 35. Very Happy
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The Artist
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PostPosted: 00:04 - 27 Aug 2017    Post subject: Reply with quote

Sload wrote:
Cause, longevity?


I think store of value is the main "cause" right now. No one is using bitcoin to pay for coffee. It can't do that. What it can do is store wealth very well. Better than almost anything else. As such, I think it will be around for a while.

Pjay wrote:
I'm seriously considering buying a few ant miners to mine Bitcoin. It's insanely profitable at the high end of mining hashpower.


Good luck with that. Insanely profitable when the price is at all time highs. What about when it drops 80%?

Jewlio Rides Again wrote:
Bought a couple when they were at around 35. Very Happy


Nice. Koreans are just about to get started trading it which could send it to the moon.
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Im-a-Ridah
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PostPosted: 07:25 - 27 Aug 2017    Post subject: Reply with quote

The problem with mining is that electricity is very expensive in the UK. Also a currency where the value comes mostly from a certain company's ASICs is fairly unstable setup, GPUs less so. It's also a massive waste of resources since the money is created for no useful work being done, when the computing resources could have been used for something more productive.
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The Artist
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PostPosted: 08:07 - 27 Aug 2017    Post subject: Reply with quote

Im-a-Ridah wrote:
The problem with mining is that electricity is very expensive in the UK. Also a currency where the value comes mostly from a certain company's ASICs is fairly unstable setup, GPUs less so. It's also a massive waste of resources since the money is created for no useful work being done, when the computing resources could have been used for something more productive.


1. The value doesn't come from miners. The value comes from peoples willingness to pay for it.

2. https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

Lots of coins already use PoS and it seems to work. The big test will be when Casper is launched on Ethereum.
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Pjay
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PostPosted: 21:00 - 28 Aug 2017    Post subject: Reply with quote

I have access to 'free' electricity that is included in the rental costs of a property.

I can pretty much make my money back in 2 months at current prices of BTC and the Antminer S7.
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Ste
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PostPosted: 21:07 - 28 Aug 2017    Post subject: Reply with quote

ASIC mining kit tends to be preorder, what's the lead time for the S7?
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Pjay
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PostPosted: 22:04 - 28 Aug 2017    Post subject: Reply with quote

Ste wrote:
ASIC mining kit tends to be preorder, what's the lead time for the S7?


I know someone that is selling some soon to upgrade to S9, so 700 each with PSU's seems a decent deal.
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The Artist
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PostPosted: 14:06 - 12 Sep 2017    Post subject: Reply with quote

Transferred a bunch of equity into IOTA. Really cool project with a lot of wrinkles to iron out but the basic idea is clever.

Monero still poised to rise a decent amount. Still no hardware wallet, mobile wallets are dodgy and even without these it is doing well.

Interested in OMG but not gonna invest. Seems over valued at the moment.
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B5234FT
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PostPosted: 10:00 - 13 Sep 2017    Post subject: Reply with quote

So on balance of security (availability of suitable wallets etc), the team and technology behind them and the number of people prepared to pay for them, where does the smart money go at the moment?
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The Artist
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PostPosted: 13:04 - 13 Sep 2017    Post subject: Reply with quote

B5234FT wrote:
So on balance of security (availability of suitable wallets etc), the team and technology behind them and the number of people prepared to pay for them, where does the smart money go at the moment?


Today? Just wait for this FUD bubble to settle out. I think everything is gonna get a bit cheaper still.

Smart money is split BTC/ETH/XMR in my opinion.

Really though I have no idea. It's all speculation at this point but those 3 are my favourite.
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B5234FT
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PostPosted: 13:49 - 13 Sep 2017    Post subject: Reply with quote

Oh I definitely appreciate that it's speculation, just like any investment but you seem to have a reasonable understanding and track record so your opinion is appreciated!
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Pjay
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PostPosted: 14:36 - 13 Sep 2017    Post subject: Reply with quote

If you want to be bold, have a look at Triggers (TRIG).
It's showing great resilience to the current downtrend and I expect it to jump up sharply as soon as Bitcoin starts to increase in value.

I wouldn't put a whole deal of money on it, personally I'm in for around 1k, but it's a volatile market out there, so I'm going to take gains pretty quick and bail once it hits 80k sats.
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The Artist
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PostPosted: 23:51 - 13 Sep 2017    Post subject: Reply with quote

Pjay wrote:
If you want to be bold, have a look at Triggers (TRIG).
It's showing great resilience to the current downtrend and I expect it to jump up sharply as soon as Bitcoin starts to increase in value.

I wouldn't put a whole deal of money on it, personally I'm in for around 1k, but it's a volatile market out there, so I'm going to take gains pretty quick and bail once it hits 80k sats.


This seems like a pure pump and dump coin for now.

There are 4 types of crypto products right now.

1. Currencies - Coins intended to be stores of value like BTC/LTC/XMR etc
2. DAPP projects with their own platform - Smart contracts and more sophisticated blockchain projects like ETH/NEM/NEO
3. DAPP projects on Ethereum - These use the main Ethereum network to issue their own tokens, things like OMG, TENX, GNT, REP, TRIG
4. Projects that feel they need their own entire crypto coin.

The vast majority that fall into categories 3 or 4 are junk and will not have long term value as there is no need. The value can be held in coins from category 1 and 2. TRIG is a category 3 token.

I think the best bet if you like these smart contract token ideas is to just buy ETH. If tokens do well, so does ETH. You need ETH to use these tokens anyway. You may not get the same gains but it is a lot less risk than betting on some random developers who have suddenly been given a $70mil market cap for doing almost nothing.

Personally I don't like trading regularly so I want things I think have a long term future and I can try and forget I have them. All my holdings are cat 1 and cat 2 now.

Saying that I just received an OMG airdrop. Woop! Hint, anyone that has ETH now has some OMG.
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Ste
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PostPosted: 14:46 - 15 Sep 2017    Post subject: Reply with quote

What goes up, must come down. Laughing

BTCChina Exchange will stop all trading on the 30th of September.

I look forward to coins being less than 150 again!
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vice
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PostPosted: 15:06 - 15 Sep 2017    Post subject: Reply with quote

ffs, does this mean eth going to go to shit now too?
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CaNsA
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PostPosted: 15:22 - 15 Sep 2017    Post subject: Reply with quote

vice wrote:
ffs, does this mean eth going to go to shit now too?

https://arstechnica.co.uk/tech-policy/2017/09/bitcoin-ethereum-crash-explained/
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