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Il_Padrino
Posts: 7498
Location: Greece by the North Sea
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 Posted: Tue, 18th Jul 2017 09:37 Post subject: |
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I cut my losses with CRK, so probs a good time to buy up for +1800%. Exxi burned me hard.. I'm across the board with the top 6-7 crypto's at the moment, I truly believe it's the future esp. coins that make currency perform work or benefit people in some way shape or form rather that current fiats.
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HubU
VIP Member
Posts: 11320
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| Posted: Tue, 18th Jul 2017 13:23 Post subject: |
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Step one do your due diligence, research, research, research.
Some tips:
Coinbase is fairly reputable, but basically find somewhere to convert fiat into btc. Then join an exchange like poloniex, kraken, bitrex there are a number of options out there (I'm using poloniex at the moment which is working fine for me). With accounts in hand you can buy bitcoin, deposit it to an exchange and from there you can convert btc to other altcoins.
DO NOT TREAT A CRYPTO EXCHANGE LIKE A WALLET / BANK ACCOUNT !!!
I know a guy that lost an insane amount of $$'s in the mt.gox scam. Therefore I like to ensure currencies have well documented and easy means to get currency out of an exchange to offline wallet.
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tonizito
VIP Member
Posts: 51339
Location: Portugal, the shithole of Europe.
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| Posted: Thu, 3rd Aug 2017 14:47 Post subject: |
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Does it make sense to buy some hundred euros worth of bitcoin (litecoin/ethereum/whatever) just to keep it for the long run?
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| Posted: Thu, 3rd Aug 2017 14:51 Post subject: |
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like stock exchange, it has risk. and since you are in germany: you should keep them for 1+ year, otherwise you are breaking the law (geldwäschegesetzt und sonst was) and the tax authorities could ask you some unpleasant questions
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| Posted: Thu, 3rd Aug 2017 15:04 Post subject: |
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No, I would just leave it at the side anyway just to have some btc when required  Really sucks though.. whenever I take a look at the charts for bitcoin it seems as if I was too late. Every single time 
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| Posted: Thu, 3rd Aug 2017 15:21 Post subject: |
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| PumpAction wrote: | | Does it make sense to buy some hundred euros worth of bitcoin (litecoin/ethereum/whatever) just to keep it for the long run? |
Right now Eth still has potential to rise, and BCC that launched 2 days ago are interesting (i've already tripled on BCC). Also have a little in 4-5 altcoins that havn't moved much, but if they solve a problem and become a big thing in the future there's potential to make a lot of money. BTC valued at 2500+usd though.. how high can it go? you'd need it to hit 5K just to double your money.
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| Posted: Thu, 3rd Aug 2017 23:28 Post subject: |
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Well it was at 500 at the beginning of the year... Why does ETH have any potential? Where can you actually use ETH?
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| Posted: Fri, 4th Aug 2017 00:04 Post subject: |
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ETH seems to be at it's alltime high though :/ I looked into NEM and it would require me to buy 2500€ worth of (10.000) XEM to harvest some funny amount ~30XEM in 2 months... 
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| Posted: Fri, 4th Aug 2017 09:21 Post subject: |
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I would not invest in a single cryptocurrency today. I've been trading bitcoin and ethereum for years, and we are very obviously in a huge bubble right now.
Sense Amid Madness, Wit Amidst Folly
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TSR69
Banned
Posts: 14962
Location: Republic of the Seven United Provinces
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| Posted: Fri, 15th Dec 2017 11:58 Post subject: Re: Bitcoin - New digital currency |
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| HostFat wrote: | | Quote: | | Bitcoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Bitcoin is also the name of the open source software which enables the use of this currency. |
http://bitcoin.org
What do you think about this project? |
Subject was: Posted: 02 Jan 2012 07:21 Post subject: Bitcoin - New digital currency
That guy must be rich now lol.
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garus
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Posts: 34200
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| Posted: Fri, 15th Dec 2017 12:14 Post subject: |
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snip
Last edited by garus on Tue, 27th Aug 2024 21:32; edited 1 time in total
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| Posted: Fri, 15th Dec 2017 15:15 Post subject: |
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Was looking to invest in bitcoin, with all the craze lately. But while I was researching it, I ended up investing in stocks instead (CFD's technically).
With big tech companies it's pretty stable and they continually grow year on year (20-60% for bigger ones). And if they start dropping at least you can check the news and see if there's a reason, instead of waiting for bitcoin's bubble to potentially burst.
They don't move as much monthly, but most brokers allow you to buy on a margin (essentially you just pay 10% or 20% of the actual value bought) which means a minor jump like 1-2% translates to anywhere between 5-20% profit (most tech stocks jump more than 2% a month on average, and will vary +/- 1-2% daily, 5-10% being extremes).
The risk with margin is that you can also potentially lose quickly (and technically lose more than you invested), and most brokers will sell your stock if you go into the red. But any drops do eventually correct themselves and go even higher up, so it's just a matter of having some extra money to withstand the drops (or be careful and invest when the price is at a low).
Anyway, just wanted to throw it in as an alternative to potential bitcoin investors.
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TSR69
Banned
Posts: 14962
Location: Republic of the Seven United Provinces
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| Posted: Fri, 15th Dec 2017 15:32 Post subject: |
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@Xenthalon: Sell in time man! It is gonna burst, that is for sure.
Anyway, anyone is there some good alternative digital currency to invest in now in case BTC Burst?
Like Litecoin?
Formerly known as iconized
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| Posted: Fri, 15th Dec 2017 17:39 Post subject: |
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Yeah it seems pretty good. I only just started with 500$ (20% margin, so technically 2500$ value) but plan on adding more every month (if things keep going well). So far two weeks in and up 8.5% (~70$).
Also going for long term, but managed to grab a quick 20$ yesterday as the prices spiked, and the re-bought at low price again (although it's a hassle to keep watching the graphs).
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Il_Padrino
Posts: 7498
Location: Greece by the North Sea
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| Posted: Fri, 15th Dec 2017 23:02 Post subject: |
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I bought a tenth of a coin when it was around the £5300 last month. Now worth another £800 on top of what I put in.
Quite happy atm.
A guy at work bought half a bitcoin when it was £500. He went to Australia 4 weeks ago and when he came back last week he had made enough on bitcoin to pay for the full holiday. Bastard!
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sanchin
Posts: 763
Location: Poland
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| Posted: Sat, 16th Dec 2017 00:25 Post subject: |
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I still have some BTC left which i use for some stuff.
But when they are used up, i will switch over to Bitcoin Cash probably. It's said to have way less fees and transactions should also finish faster.
Enthoo Evolv ATX TG // Asus Prime x370 // Ryzen 1700 // Gainward GTX 1080 // 16GB DDR4-3200
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Morphineus
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Posts: 24883
Location: Sweden
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| Posted: Sat, 16th Dec 2017 15:30 Post subject: |
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Easier to just use Euro's for that. 
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HubU
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Posts: 11320
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Il_Padrino
Posts: 7498
Location: Greece by the North Sea
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| Posted: Mon, 18th Dec 2017 10:17 Post subject: |
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Sorry if someone has mentioned this already, but is there a broker website (or cryptocoin variant) where I could buy different cryptocoins (doesn't necessarily have to include BTC)?
There must have been a door there in the wall, when I came in.
Truly gone fishing.
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| Posted: Fri, 22nd Dec 2017 05:21 Post subject: |
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What a blood bath tonight!
ASUS Maximus XII Formula | Core i9 10900k @ 5.2Ghz | 32GB G.Skill DDR4 4200Mhz | EVGA RTX 3080 Ti FTW3 Ultra Hydro Copper | ASUS ROG PG35VQ
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| Posted: Fri, 22nd Dec 2017 09:20 Post subject: |
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| timechange01 wrote: | | What a blood bath tonight! |
why? what? what happened?
BTC currently at $13k, down from $19k 5 days ago... that?
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| Page 11 of 36 |
All times are GMT + 1 Hour |
could have made 200% profit on CRK, but decided to hold on to them. Silly mistake... 
