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I know this is how the market works for anything, but I have always found this weird that a currency can have such dramatic changes.
IMO, for these currencies to work, the need to be more stable. Stupid currency speculation |
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The exchanges - Bithumb and Coinone are Korean, Huobi and OKCoin chinese. I'm enjoying watching the ETC/BTC... that to me is more important because while it is climbing, it means more people are leaving BTC for ETH. Just threw 1 Eth at Swift City for S&G... |
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Yeah you need to have super human reflexes to game the exchanges. I don't play with my ETH anymore. i am definitely a HODLER
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I've hedl since I first got in. I only wish I knew it would jump up so quickly, I might have tried to pull together some more cash sooner. I was settled in for a good few more years < $50.
I think the value will eventually settle down, but not for years. I don't see it continuing the daily average increase of 2%. But who knows. |
Huge movement tonight, up to $400 usd from $330 this morning then back to $366 right now.
Completed 4 trades in the last hour, seem to be in sync with the market right now so made some $$$. Nothing huge, but pretty fun. Thanks for the info regarding exchanges. |
Poloniex has a massive buy wall for ETH/BTC
it almost hit 0.15 ETH / 1 BTC also, the 24hr volume has BTC at 33% of all crypto, ETH is 31% .. the flippening is happening. Only $80m in volume difference between them and ETH has hardly begun to reach its market cap potential |
US Congress is proposing a bill to regulate "digital currencies"
https://www.congress.gov/bill/115th-...95bb56c8bbbda5 stickied here: https://www.reddit.com/r/ethtrader/c...ing_to_pass_a/ Why does Donald Trump not want everyone to have Lambos ? It's an extension of the Civil forfeiture laws. gross But good luck trying to implement infrastructure that detects whether someone has access to a bitcoin private key or not... or any of the other million alt coin wallet private keys... |
Yeah, then you get people that actually read the bill instead of just doing a knee-jerk repost from elsewhere and you get this:
https://www.reddit.com/r/ethtrader/c...ass_a/dix8mtn/ |
It's been a stable month or so. Pressure is building, could be an interesting day.
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Well BTC is jumping. ETH is holding fast.
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Ridiculous week for BTC: up 25%. I figure eventually that value will tip over to ETH. Five years time, maybe.
Hard fork for ETH tomorrow. |
Bitcoin is doing crazy things. Anyone still have any? ETH is real stable right now, I think gains above US$300 are being transferred to BTC.
BCH is just stupid right now, someone's getting sucked in. |
I have a very small amount from mining. I keep an eye on the price, but it would need to go 10 or 100x it's current value to be worthy of any sort of celebration.
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I SOLD ALL 350 COINS FOR $4/COIN 3 YEARS AGO I'M NOT SALTY!
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I'm still hearing talk of ETH plunging or spiking. But it still seems strangely wedded to US$300.
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Made a nice little packet trading between BTC, BCC, and BTG on the weekend _b :D
Lost a fair bit betting on BTG when it first came out last month, so glad it paid off at last. |
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I was remembering the bitcoin thread, in which Jodi mined and sold a bunch of BTC in the early days. Thread features tragicomic gems such as: Quote:
I am ashamed at my own lack of bitcoin vision in that thread. |
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Most of the money in crypto is still from speculators and /r/wallstreetbets players.
Once people start buying crypto because they want to use it (i.e. ETH), that's when things will get interesting. I mean US$20B in BCH. That's just nuts. There will be a big crash in all crypto before too long. Which will be the time to buy ETH. |
The thing that worries me about Eth is the lack of a cap on supply.
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I've also lost $12k on forex as well when I dabbled with that. If you need to make money disappear really fast then listen to my investment advice. NOT SALTY AT ALL! |
I know a guy who made hundreds of thousands off next to nothing but lost it all speculating.
I'm not a millionaire yet, but it's in the realm of possibility. A much more real possibility for some of my friends who had money lying about in the early days. |
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My heart skipped a beat, then I realised that was the number that the wallet contained, as in past tense. Big fat 0 in the current balance :( |
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Out of interest and totally unrelated to this thread; but what makes someone a millionaire? Is it having $1m in liquid assets only, or do all assets count? Net of debts or gross? |
ETH seems to have bucked $300 at last, at least for now. Everything is going up though.
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The question is, would you buy bitcoin now at $10,000 considering that it could go all the way up to $1,000,000 or much more?
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It's no different from any other speculative bubble.
ETH's value is somewhat problematic. The developers figured they had more time before it would hold any significant value, but now there's billions involved there is considerable pressure to perform and not fuck with people's money. |
making my way through this online course:
https://courses.edx.org/courses/cour...3T2017/course/ pretty good for nubs like who have no idea about blockchain and distributed ledger tech, but kind of need to be across potential future use in business. less about the economics and more about the technologies (and its free) |
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I've caught the bug so bad that I'm getting solar panels installed so I can mine for free* during the day.
If mining/cryptos turn to shit, I'll end up with panels on my roof that do nothing more than supply me with power for 25+ years and make me a modern day hippy. It's possible that I would get better returns just buying BTC and selling later, but I can't bring myself to pay real money for what is ultimately the solution to some nonce-ence equation. I do expect/hope the mining will pay for the installation within a few(?) years. * I know, it's not really free. |
What's your solar setup?
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I'm getting 4 x 270W Canadian Solar panels (~1kW) with Enphase microinverters - the smallest installation they bother with. No battery/storage at this stage, but maybe in a few years if the price comes down. Installation is pencilled in sometime before Xmas, but the installer has yet to confirm a date.
My current mining setup is currently using ~300-350W with 3 cards, but I have some inefficient cards/machines/miners (another 200-600W) that I wouldn't mind using to supplement them during the day. The Enphase system has an API for production/consumption data, and I have Belkin Wemo switches that also have APIs for turning things on/off. I can hopefully maximise mining while minimising grid consumption. At the current mining/BTC rate the 3 cards would pay for the solar ($5k) in 3-4 years, but that is of course subject to huge volatility so I can't depend on that being the case and I'm basically betting on Bitcoin/crypto mining (in whatever form) continuing to be relevant. As I've learned from silly TAB gambling, these things are more fun when you have skin in the game :) |
That sounds like fun. Probably would make more just straight up buying crypto. Sustainable mining is the future I guess.
Pretty much everything is up big right now. Not even ETH could resist the rise. It's a bit weird TBH. Maybe crypto is big news somewhere right now. |
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Bitcoin Cash was being driven up by heavy spending on Korean exchanges - looks to have subsided somewhat now but I believe that's having a residual halo effect on the whole crypto market. It's really quite alarming how much the crypto market is driven by news items, commentary, disinformation, etc. What a fucking circus. |
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