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Cryptocoin Mining?

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What a Directory and Anand did nothing about what I implied - Geez!

Perhaps there is something going on here. Read and Feed. This is probably the hottest thread on the net for Crypro-Mining.
 
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Z15CAM said:
What a Directory and Anand did nothing about what I implied - Geez!

Perhaps there is something going on here. Read and Feed. This is probably the hottest thread on the net for Crypro-Mining.
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Wrong forum.
 
IEC said:
Bitcoin tanking. Now below $580 on Coinbase.
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And it's pulling its buddy Litecoin down along with it. It is vindictive, but it makes me giddy seeing this start to slow down after people bought up all the video cards making it impossible for gamers to get one.

Side note: It's sort of like living through the 2008 housing market crash all over again, except in fast forward
 
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Down to $500 on BTChina, and the drag on LTC is very disproportionate since there ratio was hanging stable around 0.0356 for awhile, now its bouncing around 0.03 of a BTC so LTC lost more value than BTC did.

People all fearful, alt coins -> BTC convert -> cashout asap causing a slowdown in BTC fall whilst altcoins bleed the most.

All except.. DOGE, its ratio to BTC is going UP. It's defying the trend, why.. how? Much amaze.
 
Silverforce11 said:
Down to $500 on BTChina, and the drag on LTC is very disproportionate since there ratio was hanging stable around 0.0356 for awhile, now its bouncing around 0.03 of a BTC so LTC lost more value than BTC did.

People all fearful, alt coins -> BTC convert -> cashout asap causing a slowdown in BTC fall whilst altcoins bleed the most.

All except.. DOGE, its ratio to BTC is going UP. It's defying the trend, why.. how? Much amaze.
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Because DOGE is a tongue in cheek coin and its hilarious to mine
 
SunnyD said:
Basically you have to look at 5 things:

BTC -> USD
LTC -> USD
LTC -> BTC
DOGE -> BTC
DOGE -> LTC

If you can't pair up what you should do from there, then it's going to be a long day. Suffice it to say I haven't seen a SINGLE instance over the last week where converting DOGE -> LTC was more profitable than DOGE -> BTC. Of course this might change if the price of LTC spikes back up faster than BTC on a percentage basis. But let's face it, you are probably trying to cash out straight away anyway, so what's done is done. Right?
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Damn, my brain can't get around this sort of stuff 😀
How much more profitable are we talking about here?
 
Octopuss, you should run your own numbers and decide for yourself.

Anybody telling you what a particular coin will do in the future is full of horse manure, because no one can predict the future. You can only make educated guesses.
 
Educated guess is much better than me being unable to do 1+1 when it comes to anything even remotely related to economic stuff 😛
 
Well Bitcoin is now $530 and falling. It's anyone's guess what it will do from here, but I won't be catching a falling knife.

I'm completely out of what little BTC/LTC I had left after this weekend, and won't be buying back in until/if it stabilizes.
 
IEC said:
Well Bitcoin is now $530 and falling. It's anyone's guess what it will do from here, but I won't be catching a falling knife.

I'm completely out of what little BTC/LTC I had left after this weekend, and won't be buying back in until/if it stabilizes.
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Where will it fall to? Well a month ago it was worth a lot less, with the major injection of the Yuan fiat into the system, it caused a massive spike.. so now that the system is repaying back most of the Yuan (as China cash out ASAP), its going to crash to near what it used to be. Still, it should be much higher than what it was due to publicity in other countries besides China. My "educated" guess? It will stabilize around $250 for awhile before creeping back up. Why?

There's other nations (as well as people who were clueless prior) besides China that's been hearing ALOT about bitcoins.. once the price is low enough, there will be a rush to invest.
 
Yeah 250 dollars seems like a good guess to me. People waiting for the big BTC bottom to go back in.

Not sure about LTC future...this thing might just vanish right now.

All altcoins crashing but doge. Wow.
 
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All right, took me two weeks to get it as i'm new in trading, but as far as gamble is concerned, the two best bets seem to be always the champion and the potential challengers. Rollercoasting on BTC and jumping in early for promising new coins.
 
Kallogan said:
All right, took me two weeks to get it as i'm new in trading, but as far as gamble is concerned, the two best bets seem to be always the champion and the potential challengers. Rollercoasting on BTC and jumping in early for promising new coins.
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Sure, but good luck on having clairvoyance for what's to come with emerging markets. "Putting your ears to the ground" is a courageous and challenging endeavor to keep abreast of what's happening, all of the time.

I think the best idea (and least stressful while still having a little short-term fun) is to buy some BTC, diversy into a few altcoins that look promising, and - ultimately the most important - have faith that they'll eventually take off and leave it. The Winklevoss twins have it correct in basically supporting it, buying into it, and leaving it at that. Day trading is fun, but extremely volatile and an easy way to lose your head and finances.

Take it all in stride and don't be mad you missed out on something. We all miss out on a lot of stuff we didn't know.

Right now, the real people profiting (in the long run if digital currency isn't cut off at the knees) will be those starting systems built for it and as others have said, selling the shovels.

If you consider it, essentially everyone reading this thread and participating in cryptocurrency in some fashion is an early adopter, because that's far less than 1% of the population on the entire planet. Once things take off we'll all be pleased with the outcome if we held, and I have faith they will eventually. ^^
 
Arkaign said:
http://www.scmp.com/business/bankin...ce-slump-after-beijing-bans-clearing-services

China going after BTC is just the beginning.

Unregulated economy = gov't doesn't get their piece, their control. 2014 could be really ugly.
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It's only unregulated if governments keep it that way and fail to adopt it. FINCEN and the Senate hearing in the U.S. regarding this made it abundantly clear that they have the tools in place to regulate digital currencies, they just need everyone engaged with those markets to abide by those regulations. It'll happen; forcibly if need-be.
 
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