Wow. Bitcoin is almost $1,500

[Zeze]

when exchanges are reporting 100k+ new users/day or whatever, I'm going to go ahead and feel like I've missed the boat.

Doesn't change general outlook on some of the excellent alt coins such as VET. And Jim Breyer

 

[Fritzo]

Even Michael Jackson bought oxygen. But I don't know how he would feel about ethers. Maybe I could be wrong, but lately I've been very pessimistic on them lately as of late.

It's the future!

 

[Zeze]

Hell even ripple is an excellent buy due to dip. It only went up 80% since many weeks.

1. Okay who is this chick. She's just too cute. 90% looks like she's Korean.

2. Alright so Nextar is a Korean record label. And wiki says they own 2 talents- 1 girl band, 1 solo girl.

3. Alright the girl band is actually a male duo. And the girl solo is Kim Greem. I'm not sure if she looks like her.

 

[ponyo]

Doesn't change general outlook on some of the excellent alt coins such as VET. And Jim Breyer

There are no excellent alt coins. All are complete trash. The general outlook is excellent as long as this party keeps going. You can make mad money but never fool yourself into thinking you found some unicorn alt coin. It's pure luck and rising tide lifts all boats. It's ok to drink the Kool-aid right now but never get fully drunk.

You will ignore my advice but if you scored double on your initial investment from month or two back, take that out of the market and play the rest of the way with house money. I know it's tempting to keep adding money in and not pull any out but the day of reckoning will come. It's ok and healthy to cash out periodically. You will probably regret in the short term but long term and looking back, you'll be glad you cashed out some.

 

[Red Squirrel]

Yeah I think all this is basically a gravy train but not a long term investment.

I'm starting to read that the government wants to tax mining and just cryptocurrency in general. If they do that, then it will pretty much cause them to all crash. There won't be a point of using it as it will be too complicated and cost too much. you will be expect to track every transaction manually etc and pay taxes each time you do a transaction.

The government does not like things they can't control so this is their way to try to stop it.

We need a cryptocurrency that is built with anonymity in mind. Not sure how that would work though, blockchain is probably not the way to go about it as it's public by nature.

I'm actually debating on flipping my card on Ebay tbh, especially if it does turn out that I'm suppose to track everything and pay taxes. Too much work and it may even end up costing me more in taxes than what I make.

Going to ask my tax person when I get my taxes done to see what the verdict is. Doing it as a business might be an option then you can write off costs so it balances out.

 

[Zeze]

There are no excellent alt coins. All are complete trash. The general outlook is excellent as long as this party keeps going. You can make mad money but never fool yourself into thinking you found some unicorn alt coin. It's pure luck and rising tide lifts all boats. It's ok to drink the Kool-aid right now but never get fully drunk.

You will ignore my advice but if you scored double on your initial investment from month or two back, take that out of the market and play the rest of the way with house money. I know it's tempting to keep adding money in and not pull any out but the day of reckoning will come. It's ok and healthy to cash out periodically. You will probably regret in the short term but long term and looking back, you'll be glad you cashed out some.

This is my mindset:

1. I'm not overinvested. It's 100% play money i.e. already $0 to me and I won't feel it by next year.

2. So. That's a more than fair price to have a chance at this lottery. Hell, as far as lottery goes, this has highest odds.

 

[Yakk]

There are no excellent alt coins. All are complete trash. The general outlook is excellent as long as this party keeps going. You can make mad money but never fool yourself into thinking you found some unicorn alt coin. It's pure luck and rising tide lifts all boats. It's ok to drink the Kool-aid right now but never get fully drunk.

You will ignore my advice but if you scored double on your initial investment from month or two back, take that out of the market and play the rest of the way with house money. I know it's tempting to keep adding money in and not pull any out but the day of reckoning will come. It's ok and healthy to cash out periodically. You will probably regret in the short term but long term and looking back, you'll be glad you cashed out some.

Well... I agree. One should always have a money management strategy BEFORE starting an investment. If you treat an investment as a business, then you do it properly and professionally for best results. Taking profits out of your investment at planned intervals is an integral part of a good money management plan imo.

Oh and yeah, the altcoins are trash too, good for a bit of a cash grab though...

 

[Svnla]

Want to buy a few cryptos? All you need is cold hard cash - https://www.bloomberg.com/news/arti...o-auction-bitcoins-valued-at-about-54-million

Easy as pie for ATOT high rollers.

 

[FelixDeCat]

Hell even ripple is an excellent buy due to dip. It only went up 80% since many weeks.
.

Im not saying there is not money to be made playing middleman during this mania, just be careful to not wind up holding the bag.

 

[Red Squirrel]

KFC now accepts bitcoin for buckets of chicken lol.

http://business.financialpost.com/n...for-a-bucket-of-chicken-immediately-sells-out

 

[Yakk]

That is quite a marketing coup for KFC Canada, nicely done. Their Twitter account is absolutely awesome about it too!

Just a few they posted... Whoever is making these, they're great:

If Satoshi reveals his true identity, his bucket is on us.

#BitcoinBucket is currently sold out. There will be a restock tonight. We’re mining for more as fast as we can.

Bitcoin on the rise since we went live. You’re welcome, #Bitcoin.

We do deliver. Wish we could teleport it to you.

Imagine how much chicken 1 whole Bitcoin would buy. It's beautiful.

Buy Original Recipe. Avoid alt-recipes.

 

[ponyo]

This is my mindset:

1. I'm not overinvested. It's 100% play money i.e. already $0 to me and I won't feel it by next year.

2. So. That's a more than fair price to have a chance at this lottery. Hell, as far as lottery goes, this has highest odds.

Play money can become real big money especially during crazy manias. You have the right attitude. Hopefully I can get my account funded soon so I can join in on the fun.

 

[destrekor]

Play money can become real big money especially during crazy manias. You have the right attitude. Hopefully I can get my account funded soon so I can join in on the fun.

Right. I can't guarantee it, but I'm pretty sure I'm also on 100% play money at this point, I've cashed out a little here and there as I've needed it (unemployment sucked) and should be trading with profits at this point. As I think about it, it's actually phenomenal, my balance is rather nice.

 

[destrekor]

There are no excellent alt coins. All are complete trash. The general outlook is excellent as long as this party keeps going. You can make mad money but never fool yourself into thinking you found some unicorn alt coin. It's pure luck and rising tide lifts all boats. It's ok to drink the Kool-aid right now but never get fully drunk.

I wouldn't say all altcoins are trash. The vast majority? Yes, but not ALL. I mean, at one point ETH was an altcoin, it's just not considered that anymore. Coins/networks like NEM, Monero, probably VeChain, and *maybe* Ripple, Stellar, RaiBlocks, and IOTA, will have very real futures. Not all of them depend on the retail value though to achieve functionality on the network. If value-driven though, that helps achieve volume and network adoption.

 

[zinfamous]

There are new crypto currencies coming out all the time. A lot of people seem to think you can only invest in Bitcoin. I made a tidy little profit from Bitcoin a while ago but since then I haven't touched it. There are several alt coins out there that I really feel are gonna do good (VEN being one of them). When you get in on the early stages the risk is quite small compared to the potential gains.



Yep. It's so easy and fast to get started investing in crypto, that was a big draw for me.

VEN is something that interests me, but after seeing all of the accounts that I have to open up, and purchase some BTC pieces to trade against, and open a wallet with more privileges, and several days of transaction delay time....it seems nuts to me.

 

[Zeze]

VEN is having a fire sale as cheap as 5.15~. (From last week ATH of 6.50)

If my fund wasn't still locked at coinbase id snap them up

 

[ImpulsE69]

VEN is something that interests me, but after seeing all of the accounts that I have to open up, and purchase some BTC pieces to trade against, and open a wallet with more privileges, and several days of transaction delay time....it seems nuts to me.

This is what's kept me out of it. Some think that the 'slow turnover' time is what prevents it from going up and down daily and allows for the big runs.

What is crazy about this is all the non tech types who complain about the most inane things think they are pros at this (and compared to me..must be) lol.

 

[Ns1]

Holy shit.

 

[Crono]

Probably going to see a bigger push towards PoS cryptocurrencies this year in part because of that.

 

[Red Squirrel]

I know ethereum wants to switch to PoS. Though I hope they don't do it too soon since I just got into mining.

But yeah the whole mining thing seems like a really inefficient way of doing it. Will be interesting to see how PoS works out. I'll ride the gravy train while I can, but I don't see it lasting forever.

I kinda want to build a super farm, but don't quite have the startup capital for that. If I knew this would be something that's going to last for many years to come I'd do it. I figure a solar powered farm on cheap land would pretty much be a gold mine once it's paid off. But the ROI would be years for something that scale.

 

[Ns1]

Wtf is PoS?

 

[Red Squirrel]

Proof of Stake. Coins that use mining are Proof of Work. Did not read much on it much myself but this explains it: https://en.bitcoin.it/wiki/Proof_of_Stake

 

[Zeze]

So people keep mentioning this hilarious and comical guy Coca Cola Kid on Twitter making Vechain predictions

Well, he has removed everyone's doubt. He correctly guessed all 5 partnerships of VET. And this latest monster story of partnering with the biggest tobacco company in the world. (Vechain announces few hrs ago)

His twitter
https://mobile.twitter.com/cocacolakid_og

Vechain confirm
https://medium.com/@vechainofficial...chinas-tobacco-industry-in-force-c92b3729878f

So everyone now confirms this commie coke kid is a real insider.

Follow his news.

What a world we live in... Jesus Christ.

 

[brianmanahan]

does anyone here own Dentacoin (DCN)?

https://dentacoin.com

it's a cryptocurrency to pay your dentist. i don't think any dentists accept it though.

 

[Zeze]

does anyone here own Dentacoin (DCN)?

https://dentacoin.com

it's a cryptocurrency to pay your dentist. i don't think any dentists accept it though.

Sh*tcoin by many folks. The current valuation is larger than the entire dental industry lmao.