Wow. Bitcoin is almost $1,500

[Zeze]

VEN needs to chill out and stop rising so I can buy more later this week.

Still buying?

Well if you are confident it'll continue to rise even just 2x... any purchase is worth it.

Dammit I can't buy more... don't tempt me. Or I'll start to be overinvested.

 

[Red Storm]

Still buying?

Well if you are confident it'll continue to rise even just 2x... any purchase is worth it.

Dammit I can't buy more... don't tempt me. Or I'll start to be overinvested.

In my mind I have zero doubt it'll reach $20-$30 some time in 2018, especially with the rebrand and main net launch in the summer. The partnerships they have now pretty much guarantee their network will be used (and I expect they will have more to announce), so VEN tokens (and THOR) will definitely have value. Unlike other alt coins I have zero worry about the legitimacy of VeChain, it doesn't get anymore legitimate than Jim Bryer joining as an official advisor on top of his company investing in VeChain.

I don't know if I will continue buying past ~$20, at least not with my own money. Definitely will put Thor generation towards getting more VEN, though I think by then the price of VEN will have gone up so much that it might not be easy/quick.

LOL don't fall for the temptation if you can't afford the risk.

 

[Zeze]

In my mind I have zero doubt it'll reach $20-$30 some time in 2018, especially with the rebrand and main net launch in the summer. The partnerships they have now pretty much guarantee their network will be used (and I expect they will have more to announce), so VEN tokens (and THOR) will definitely have value. Unlike other alt coins I have zero worry about the legitimacy of VeChain, it doesn't get anymore legitimate than Jim Bryer joining as an official advisor on top of his company investing in VeChain.

I don't know if I will continue buying past ~$20, at least not with my own money. Definitely will put Thor generation towards getting more VEN, though I think by then the price of VEN will have gone up so much that it might not be easy/quick.

LOL don't fall for the temptation if you can't afford the risk.

It's amazing that last 4 days and even today ALL solid-class coins are in the red (-10-
15%) except VEN

All are red below:
BTC
ETH
XRP
LTC
ENG
NAV
XRB
XLM
OMG
REQ
Even ICX

 

[Fritzo]

LiteCoin is really a bargain right now. It's at $171 as of this morning, was at $240 last week. I like it because it seems to have the most potential being it has the lowest buy-in.

 

[OverVolt]

LiteCoin is really a bargain right now. It's at $171 as of this morning, was at $240 last week. I like it because it seems to have the most potential being it has the lowest buy-in.

None of them theoretically have a buy in... its all psychological.

 

[Zeze]

LiteCoin is really a bargain right now. It's at $171 as of this morning, was at $240 last week. I like it because it seems to have the most potential being it has the lowest buy-in.

I haven't seen anyone have confidence in litecoin in weeks... which is like eternity in crypto.

There are tons of shiny and improved altcoins that address all the old coin flaws and are poised to grow a lot and therefore a bargain - XRB XLM REQ etc...

OR how about ethereum - tona of altcoins are on it's blockchain.

(Again I know nothing)

 

[brianmanahan]

now you guys got me started on this whole stupid crypto thing

i just plan on using my 1070 to mine coins and sell them ASAP though, i ain't buying any of these turds

 

[Zeze]

now you guys got me started on this whole stupid crypto thing

i just plan on using my 1070 to mine coins and sell them ASAP though, i ain't buying any of these turds

Mining is such a hassle today
1. Finding a nice hash
2. Even if it's a nice hash is the coin completely useless?
3. Actually do mining = lag your PC and consume electricity
4. Go through all the trouble of selling the coins somehow

OR

1. Just buy any decent coin of your choice on an exchange
2. Hold and do nothing. No mining, no heating up your PC, no tinkering.
3. Sell with few clicks for profit

The entire 2018 is bullish. Take advantage.

 

[VirtualLarry]

i just plan on using my 1070 to mine coins and sell them ASAP though

That's basically what I'm doing, currently. You should be able to get $5-6/day with that card.

 

[brianmanahan]

That's basically what I'm doing, currently. You should be able to get $5-6/day with that card.

did you limit the algos that it runs, or just open it up to all of them?

 

[ultimatebob]

LiteCoin is really a bargain right now. It's at $171 as of this morning, was at $240 last week. I like it because it seems to have the most potential being it has the lowest buy-in.

The "Buy In" for Litecoin was 6 years ago, back when it was 4 cents

At this point, you're not going to get 10X annual returns with that crypto anymore. You should really looking be looking for the next big thing.

 

[destrekor]

now you guys got me started on this whole stupid crypto thing

i just plan on using my 1070 to mine coins and sell them ASAP though, i ain't buying any of these turds

Not sure of current hash rates and your electric cost, but check out Monero (XMR) or Ethereum (ETH). But then again I can't remember which coins Nvidia does well at, those ones my two 290x Lightning's are great at mining even compared to new GPUs. I know someone with a 1080 Ti that mines Vert and seems happy with that.

I haven't mined since the spring though, as my old AC couldn't keep up with the two toasters blazing away in my gaming pc in my "home office" on the second floor. The noise was one thing, the heat when I was actively trying to cool my house made it difficult to put up with. I just haven't started with it now that we're in winter, I've grown to enjoy the peace and quiet. But I remember last winter it was basically free heating that gave my electric toaster furnace a break. There were no breaks for the AC, literally there would rarely be a moment the AC turned off for awhile. lol

I've been meaning to hack together a cheap rig to house the 290x's in the basement and get a new single GPU since multi-GPU gaming sucks these days.

 

[VirtualLarry]

did you limit the algos that it runs, or just open it up to all of them?

I'm running all of them, which may not be the most profitable.

 

[DrMrLordX]

Not sure of current hash rates and your electric cost, but check out Monero (XMR) or Ethereum (ETH). But then again I can't remember which coins Nvidia does well at, those ones my two 290x Lightning's are great at mining even compared to new GPUs. I know someone with a 1080 Ti that mines Vert and seems happy with that.

Nvidia is good at ZEC and okay at ETH. XMR, not so much.

With 290xs I'd totally be mining ETH right now.

 

[ultimatebob]

Mining is such a hassle today
1. Finding a nice hash
2. Even if it's a nice hash is the coin completely useless?
3. Actually do mining = lag your PC and consume electricity
4. Go through all the trouble of selling the coins somehow

OR

1. Just buy any decent coin of your choice on an exchange
2. Hold and do nothing. No mining, no heating up your PC, no tinkering.
3. Sell with few clicks for profit

The entire 2018 is bullish. Take advantage.

I'm not sure that 2018 is going to be a great year for crypto. I still think that we're going to have a bigger correction from the insane gains we saw from the tail end of 2017. It seems that all of the cryptocurrencies are tied to the price of Bitcoin, so if it goes down, so do most of the others.

Dumb question... what are the Silk Road guys using for crypto nowadays? At this point, I'd imagine that even the drug dealers are getting annoyed with the high transaction fees and slow confirmation times for Bitcoin.

 

[Aikouka]

I'm running all of them, which may not be the most profitable.

Multi-algorithm miners with profit switching are usually smart enough to avoid algorithms that just aren't very profitable on your hardware. For example, on my 100% Nvidia setup, I've never seen Awesome Miner swap to CryptoNight, which is far better on AMD cards. Heck, even my i7-8700k is pretty decent compared to my 1080 Ti on that algorithm.

 

[Train]

Dumb question... what are the Silk Road guys using for crypto nowadays? At this point, I'd imagine that even the drug dealers are getting annoyed with the high transaction fees and slow confirmation times for Bitcoin.

Last I heard, Monero was the crypto of choice for actual buying and selling of products. I could be wrong though, seems like a hundred of them popped up with different schemes for fast, cheap, easy transactions. As with most developing technologies, I'm sure the porn industry will decide the winner.

 

[momeNt]

Last I heard, Monero was the crypto of choice for actual buying and selling of products. I could be wrong though, seems like a hundred of them popped up with different schemes for fast, cheap, easy transactions. As with most developing technologies, I'm sure the porn industry will decide the winner.

Spank Coin then.

 

[Zeze]

I'm not sure that 2018 is going to be a great year for crypto. I still think that we're going to have a bigger correction from the insane gains we saw from the tail end of 2017. It seems that all of the cryptocurrencies are tied to the price of Bitcoin, so if it goes down, so do most of the others.

Dumb question... what are the Silk Road guys using for crypto nowadays? At this point, I'd imagine that even the drug dealers are getting annoyed with the high transaction fees and slow confirmation times for Bitcoin.

I think 2018 is the rise of altcoins. Bitcoin continues to struggle with high fees and slow tx. I don't even hear it from their supporters that Bitcoin will change the world.

I think non-currency related Blockchain-as-a-service coins with clear business applications and use cases will boom in 2018.

Again, I know nothing.

 

[Yakk]

Actually Bitcoin mempool is back to pre-bcash spam levels so cheap & fast now. Lightening Network is also developing way faster than originally thought.

I still see altcoins being popular for a couple months, the amount of P&D groups are continuing to multiply really quickly. Until those are exhausted I don't see any slowdown in altcoins.

Bitmain also placed a colossal order at TSMC (even dwarfing Nvidia) so how that affects everything we'll see I guess.

 

[DaveSimmons]

Actually Bitcoin mempool is back to pre-bcash spam levels so cheap & fast now. Lightening Network is also developing way faster than originally thought.

I still see altcoins being popular for a couple months, the amount of P&D groups are continuing to multiply really quickly. Until those are exhausted I don't see any slowdown in altcoins.

Bitmain also placed a colossal order at TSMC (even dwarfing Nvidia) so how that affects everything we'll see I guess.

That makes me think of another reason why the wild-west altcoins will not be used by megacorps and nations. Consensus-based anonymous distributed schemes are open to the 51% attack. I realize Bitmain itself won't do this, but Wells Fargo and the US Treasury aren't going to leave their ledgers or coins open to hacking by Russian, Chinese, North Korean, Iranian or World Crime League ASIC farms.

 

[momeNt]

That makes me think of another reason why the wild-west altcoins will not be used by megacorps and nations. Consensus-based anonymous distributed schemes are open to the 51% attack. I realize Bitmain itself won't do this, but Wells Fargo and the US Treasury aren't going to leave their ledgers or coins open to hacking by Russian, Chinese, North Korean, Iranian or World Crime League ASIC farms.

They are developing against this though. They are moving from POW to POS, POS weakness is a 51% cartel attack, not computing power but the coins itself being the weakness, but I believe they are working to mitigate that as well.

By acquiring such a large amount of coins in a small amount of hands, you open yourself up to the risk of a fork eradicating all your wealth. The 49%, which actually is potentially 99.9% of the users of the coin, and basically the entire economy, can fork off and leave you with 100% of a currency that is now worthless that nobody will use.

 

[IronWing]

By acquiring such a large amount of coins in a small amount of hands, you open yourself up to the risk of a fork eradicating all your wealth. The 49%, which actually is potentially 99.9% of the users of the coin, and basically the entire economy, can fork off and leave you with 100% of a currency that is now worthless that nobody will use.

It's like we're relearning all the lessons of 17th through 19th century banking in a three year crunch.

 

[Crono]

Amber Baldet gave a good talk on blockchain technology, explaining how it can (and equally or more importantly can't or shouldn't) be used in enterprise; and simplified, high-level descriptions of how some underlying privacy features like zkSNARKs (not to be confused with zkSTARKS, which I don't think have been implemented in any cryptocurrency yet) work.

https://livestream.com/internetsociety/bsidesnyc/videos/168972446

 

[zinfamous]

It's like we're relearning all the lessons of 17th through 19th century banking in a three year crunch.

yup. It's fun to watch. You could take half the people in this thread and plop them down in September-October 1929, and they'd still be just as confident about the way things are.