Crypto Currency Thread

Author
Discussion

SDarks

Original Poster:

79 posts

28 months

Friday 21st July 2017
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Following the 'What is Ethereum' thread I wanted to start a thread for anyone that has interest or currently investing/trading in crypto currency's to discuss news and holdings and also for anyone with questions about crypto currency.

Ill kick things off with my current holds -

BTC (bitcoin)
SRAT (Stratis)
STEEM (STEEM)

With the latest Bitcoin news this should be a good week for crypto gains beer

Behemoth

1,890 posts

67 months

Friday 21st July 2017
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I sold all of my Eth, Etc & Lsk soon after the wallet breach this week. Profit of these back into BTC is over 250%. I'm now only in BTC.

x5x3

2,142 posts

189 months

Friday 21st July 2017
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I'm near 100% in BTC and buying once again - hodl for the win smile

Maxf

7,865 posts

177 months

Friday 21st July 2017
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Purely BTC here. I sold ETC earlier in the week.

I wish I'd bought more BTC on Sunday!

SDarks

Original Poster:

79 posts

28 months

Friday 21st July 2017
quotequote all
I wish i had bought more BTC & Stratis last week also!

I will most likely buy more during the next pull back, I'm quietly confident that we will see $5,000.00 Bitcoin this year.
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___MIKE___

1,743 posts

120 months

Friday 21st July 2017
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Purely BTC

stongle

1,100 posts

98 months

Friday 21st July 2017
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All ETH to buck the trend. Sold a fair bit, but my average buy was just under $20. Not evangelical about it, it's a vehicle to monetise sentiment (when up). I see more commercial application for Ethereum but am in the finance sector so biased towards the work of DAH.

Behemoth

1,890 posts

67 months

Friday 21st July 2017
quotequote all
stongle said:
I see more commercial application for Ethereum but am in the finance sector so biased towards the work of DAH.
Look up bitcoin sidechains. Ethereum have just marketed this stuff heavily upfront; the smart contract concept is certainly not theirs alone and Bitcoin is quite capable of carrying this stuff on the side (thankfully at arm's length for security, hence "sidechain"). Rootstock is one.

Nice simple graphic explaining:


SDarks

Original Poster:

79 posts

28 months

Friday 21st July 2017
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Thoughts on Antshares?

stongle

1,100 posts

98 months

Friday 21st July 2017
quotequote all
Behemoth said:
Look up bitcoin sidechains. Ethereum have just marketed this stuff heavily upfront; the smart contract concept is certainly not theirs alone and Bitcoin is quite capable of carrying this stuff ]
Thank you. I have to confess that ETH fits with my confirmation bias, and I am a bit of an outsider (I bought in based on others sentiment). I will have a longer look, my interest is my on the DLT side than intrinsic value.

Behemoth

1,890 posts

67 months

Saturday 22nd July 2017
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SDarks said:
Thoughts on Antshares?
Chinese crypto about to rebrand to Neo. Smart contracts that are "compatible with all languages". Expect utter mayhem when those scripted contract attack surfaces open up to the first successful hack.

The Spruce goose

16,426 posts

131 months

Saturday 22nd July 2017
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my bulk is in USDT, pissed at stratis was 3.3 dollars now 6.8, very strong still just didn't buy.

my portfolio
usdt
iconomi
sib coin
a few bits as well.

will get back in decred as they are developing the lightening stuff for btc.

boxst

2,792 posts

81 months

Sunday 23rd July 2017
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Where do you buy bitcoins from? I haven't bought any for years and years, somewhat put off by the fact that they got seized as part of a raid by the FBI frown

The ones I had at that time were only a few dollars a bitcoin.

The Spruce goose

16,426 posts

131 months

Sunday 23rd July 2017
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i use coinbase, i bought some off ebay as well. there are loads of ways but a lot do require identification.

bloomen

1,835 posts

95 months

Sunday 23rd July 2017
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boxst said:
Where do you buy bitcoins from? I haven't bought any for years and years, somewhat put off by the fact that they got seized as part of a raid by the FBI frown

The ones I had at that time were only a few dollars a bitcoin.
The most painless is going to be Bittylicious or Localbitcoins which can be done with faster payments. I like Bittylicious more. Both of them are prone to horrific premiums if the price is excited though.

If you want a market rate then opening an account at Fidor bank and sending EUR to Kraken is probably the cheapest and fastest option for a Brit.

SDarks

Original Poster:

79 posts

28 months

Monday 24th July 2017
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As above I use local bitcoin and have made a good contact on there who can get me better rates. Normally pay a 5% premium on there.

x5x3

2,142 posts

189 months

Monday 24th July 2017
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SDarks said:
As above I use local bitcoin and have made a good contact on there who can get me better rates. Normally pay a 5% premium on there.
The idea of coinbase is good but the time it takes before you can buy significant sums seems over the top - localbitcoin is better but as others have said there can be significant premiums to be paid unless you want to provide extensive proof of ID.

mind sharing the contact name?

PM perhaps?

Behemoth

1,890 posts

67 months

Monday 24th July 2017
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There's a very good article on Bloomberg today about hard fork FUD (fear, uncertainty & doubt) and how traditional currencies have themselves "hard forked" many times in the past. One example is the creation of the Eurodollar:

bloomberg said:
After a fork, a currency exists in two or more incompatible forms. Two of the biggest forks for the U.S. dollar occurred in 1963 and 1971.

In 1963, the U.S. passed the badly conceived Interest Equalization Tax on purchases of foreign securities by taxpayers. London banks quickly created “eurodollar” deposits, 1 dollar deposits outside the U.S. banking system, which were not subject to the tax
Another part of the article illustrates the profound effect of inflation on traditional currencies. For example, although ostensibly "backed" by government, sterling has deflated by 98% in the past 100 years.
bloomberg said:
it is the rule, not the exception, that currencies evaporate due to hyperinflation, government default or expropriation, or a losing a war
Great piece.

https://www.bloomberg.com/view/articles/2017-07-24...

x5x3

2,142 posts

189 months

Monday 24th July 2017
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bitdice ICO - not for the faint hearted!

https://ico.bitdice.me/prospectus_en.pdf

might have a dabble on a very very high risk accepted basis.

alan-87

369 posts

141 months

Tuesday 25th July 2017
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I've only been into crypto for about 4 weeks with no previous trading experience so a steep learning curve having bought eth at £200ea!!

Then got into Ans which i sold at the latest pump. Put the profits into strat and then bought back the same volume of ans when it dumped today.

Also got a tiny amount of golem.

Anyone using hard storage? Ive got a ledger nano s on order but it doesnt reckon it will be here till mid september!