Cryptocurrency

TheJackAttack

Hello
Does anyone follow the crypto currency market here?
I remember I followed the thread (https://www.boards.ie/b/thread/2057263128/75?) re Stellar Lumens about 2 years ago and saw online the market value jumped to $0.04 from $0.01 over the past week.
I've made about 80 quid from nothing!
What do people think of investing in crypto, apart from the obvious is volatile etc

conall122

I've placed a grand in dgd last august and will continue to hold till the dgx 2.0 launch. I didn't put any on ethereum at the time which i really regret because i could of made 10 times my investment back. i did get some eth at 40ish though. I've made a lot of money from cryptocurrencies so far but i don't plan on trading them forever. The market cap on most of them is ridiculously high and i don't think the growth we're seeing in them will sustain for much longer

Mr. Incognito

It's a textbook.bubble.

People who get in early will make money..

People who don't get out in time will get burnt.

These fads come along every generation. Always ends up the same way.

Pivot Eoin

Mr. Incognito wrote: »

It's a textbook.bubble.

People who get in early will make money..

People who don't get out in time will get burnt.

These fads come along every generation. Always ends up the same way.

You dont really get it do you? Do you understand Crypto-Currency?

TheJackAttack

I've been trying since Friday to verify a kraken account. It's a bloody nightmare.. I currently hold some ZEM and Stellar.. Trying to get a hold of some Ether..
Still trying to get my head around it but as a concept it's revolutionary .. Pivot Eoin - can you tell me of your experience?

Mr. Incognito

Pivot Eoin wrote: »

You dont really get it do you? Do you understand Crypto-Currency?

I do. It's an invented currency driven to hyperinflation by demand with zero intrinsic value.

Do you understand economics?

Prezatch

Pivot Eoin wrote: »

You dont really get it do you? Do you understand Crypto-Currency?

Sounds like you don't really get it to be honest....

Pivot Eoin wrote:

Just bought my first €25.00 of Bitcoin (Max Allowed) on Belgacoin. Wish me luck! Complete noob to this

:pac:

The Cuban

Offloaded my Gnosis, made a tidy 522% profit, basically 2k to 10k in a month
Where would you get it..

Grumpypants

TheJackAttack wrote: »

Hello
Does anyone follow the crypto currency market here?
I remember I followed the thread (https://www.boards.ie/b/thread/2057263128/75?) re Stellar Lumens about 2 years ago and saw online the market value jumped to $0.04 from $0.01 over the past week.
I've made about 80 quid from nothing!
What do people think of investing in crypto, apart from the obvious is volatile etc

If you want to dip your toes, I would use coinbase. The fees are higher than an exchange like Kraken but it is much simplier.

I've stuck to Bitcoin and ETH. I spend about €100 a month. I was buying 1 ETH and the change on bitcoin until ETH smashed through the €100 mark.

Dohnjoe

Mr. Incognito wrote: »

These fads come along every generation. Always ends up the same way.

Pretty profitable fad, 7 years ago Bitcoin was worth $0.05, now it's around $2,300.00. That represents one of the best returns possible on any fin. instrument in that time scale.

Just about every major financial/banking institution is researching/developing the ledger and blockchain tech behind - and modern crypto-currencies are at the cutting edge of differing aspects of that tech and adapting to their needs (e.g. Ethereum, Ripple)

That's worth something, and the potential they have appears to be worth a lot to the speculative market that has built up around them

The bubble has already happened - this is the second bubble, creating a market pattern, and this one is far, far larger. When this pops, everyone will be waiting for the third

These coins aren't companies that go bust. They aren't affected by economic downfall (if anything they are boosted by it). If they do disappear, meh.. 100% return on a basket of coins in a week? 3,000% on a single coin in a month?

Fad or not, that can't be ignored, it creates it's own demand

Dohnjoe

Grumpypants wrote: »

If you want to dip your toes, I would use coinbase. The fees are higher than an exchange like Kraken but it is much simplier.

I've stuck to Bitcoin and ETH. I spend about €100 a month. I was buying 1 ETH and the change on bitcoin until ETH smashed through the €100 mark.

I second this - Coinbase.com seems to be one of the most simple/solid methods of buying Bitcoin, Ethereum or Litecoin

They also seem to be making steps towards securing holdings like a traditional bank

"98% of customer funds are stored offline

Offline storage provides an important security measure against theft or loss.
We distribute bitcoin geographically in safe deposit boxes and vaults around the world."

"All digital currency that Coinbase holds online is fully insured. This means that if Coinbase were to suffer a breach of its online storage, the insurance policy would pay out to cover any customer funds lost as a result.

The insurance policy covers any losses resulting from a breach of Coinbase’s physical security, cyber security, or by employee theft. The policy is provided by a syndicate of insurers through Lloyd’s of London. "

TheJackAttack

So do you gents tend to trade with these exchanges such as coinbase (I've recently bought some ripple on bitstamp), and store/use the currency there? i.e. you're not storing them in wallets?
I bought some ethereum with Cryptomate as I was too impatient for my kraken account (it's still not verified) to myetherwallet..
The whole thing is fascinating!
I'm currently holding ETH, ZEM, XRP and XLM - really want to get a hold of some bitcoin

TheJackAttack

Dohnjoe wrote: »

The bubble has already happened - this is the second bubble, creating a market pattern, and this one is far, far larger. When this pops, everyone will be waiting for the third

What is your advice in this bubble?

Persephone kindness

TheJackAttack wrote: »

Hello
Does anyone follow the crypto currency market here?
I remember I followed the thread (https://www.boards.ie/b/thread/2057263128/75?) re Stellar Lumens about 2 years ago and saw online the market value jumped to $0.04 from $0.01 over the past week.
I've made about 80 quid from nothing!
What do people think of investing in crypto, apart from the obvious is volatile etc

If you wouldn't invest in the company don't invest in the currency hugely right now. Some of them will be around in ten years. Some will be big Some won't.

Dohnjoe

TheJackAttack wrote: »

What is your advice in this bubble?

Don't spend what you can't afford to lose

If the bubble bursts - I strongly recommend holding, e.g. I bought a particular coin 4 years ago during that last bubble, which had been declining in value until the last 2 or 3 months, when it has rebounded and put me well into the black again

italia_2023

Anyone bought NEM? Can anyone recommend where can i buy this?

TheJackAttack

italia_2023 wrote: »

Anyone bought NEM? Can anyone recommend where can i buy this?

Bitstamp

Neon_Lights

I've got a tip that humaniq could be a good shout, great technology behind it no products out there on the market like it, also mysterium is having an ico next week, with the underlying technology being a block chain based vpn.

Other than that I'm balls deep in ripple and stellar, could swing either way, I'm thinking once ripple gains more commercial traction and limits supply the price will rise.

I see bitcoin adjusting a bit after it's record week this week so it's probably a good time to buy undervalued altcoins, with good underlying technology.

I use poloniex and bittrex to trade and have initially funded my account through coinbase I wouldn't recommend it for larger transactions.

Dohnjoe

Yeah my friend bought into the Humaniq ICO - but not so sure about it, banking for poor people? requires the latest fingerprint scan tech in smart phones and a digital currency - hmmm - but hey this is about speculative profits

Would be possibly interested in the Kik (chat app) ICO this summer, one of the first large companies to try an ICO - could be decent investment

Am curious to see what happens with the current dip in the market

Neon_Lights

Dohnjoe wrote: »

Yeah my friend bought into the Humaniq ICO - but not so sure about it, banking for poor people? requires the latest fingerprint scan tech in smart phones and a digital currency - hmmm - but hey this is about speculative profits

Would be possibly interested in the Kik (chat app) ICO this summer, one of the first large companies to try an ICO - could be decent investment

Am curious to see what happens with the current dip in the market

Its the underlying technology that's driving humaniq, imagine having a bank account that you could only withdraw from with your face or eye, there's huge potential on that.

Sure third world countries are a use case, but it would be something similar to Facebook introducing those WiFi blimps across the third world, you could make a case that they would also want to introduce these in developed countries also as a means of controlling infrastructure.

Didn't know the kick ico is coming up will keep tabs

TheJackAttack

I exchanged my stellar for ether - Neon Light, do you have any insight into the progression of this coin?

Neon_Lights

TheJackAttack wrote: »

I exchanged my stellar for ether - Neon Light, do you have any insight into the progression of this coin?

Which stellar or ether? And etherium or etherium classic?

The Oort Cloud

I'm new to this as well, I received 50 free Stellar Lumens in 2014 and brought it up to 4,500 Lumens in a few days. I'm thinking of buying a few more as I have a feeling Stellar is going to take off well in the next few years. I'll bide my time

I'm hoping that in a few years the Lumen will be worth €15. According to the latest information, Stellar has took a high, I think it is going to go a lot higher in July.

Dohnjoe

Interesting to see what coins fell sharply

Stratis and Factom held very well. Golem not too bad either.

Ripple, Nem and Lumens seemed to take steeper dives, but Ripple was definitely very overpriced

The Oort Cloud

Don't sell any Lumens until you see the first of july. Stellar are giving a few billion free on June 27th 2017 for bitcoin holders.

They are distributing up to 16 BILLION lumens to bitcoin holders or 16% of the initial lumens. On June 27th, 2017, we will make available these lumens to any bitcoin holder who wants them, including those that received lumens during the first giveaway round.

Info Link https://www.stellar.org/blog/bitcoin-claim-lumens-2/

Neon_Lights

The Oort Cloud wrote: »

Don't sell any Lumens until you see the first of july. Stellar are giving a few billion free on June 27th 2017 for bitcoin holders.

They are distributing up to 16 BILLION lumens to bitcoin holders or 16% of the initial lumens. On June 27th, 2017, we will make available these lumens to any bitcoin holder who wants them, including those that received lumens during the first giveaway round.

Info Link https://www.stellar.org/blog/bitcoin-claim-lumens-2/

Interesting will that not saturate the supply though and cause it to drop initially? Will definitely pick up some

Ripple thinking of a SegWit style of limitation which will be announced in June apparently.

The Oort Cloud

Neon_Lights wrote: »

Interesting will that not saturate the supply though and cause it to drop initially? Will definitely pick up some

Ripple thinking of a SegWit style of limitation which will be announced in June apparently.

I'm not sure whether the Lumen will drop much just after the 27th June giveaway, If the price drops then it will be a good time to buy Lumens. Don't forget, it will take some time in the near future to see how well the Lumen goes, but purchasing them cheap if the price drops is a good investment, and then just wait it out for a year to see how it goes.

I'm in for the long-haul and hopefully the Stellar Lumen becomes well established as a banking Cryptocurrency in the years to come. It could fail though, and there again it could fly with a big bank or two if they decide to use it in the years to come. It's basically impossible to predict how it will go.

My 4,500 Lumens on Cryptocurrency Converter is now priced at...

4500 Stellar Lumens (XLM) = 142.35 EUR

Yesterday the price was... 4500 Stellar Lumens (XLM) = 134.96 EUR

IK09

Hey

Im just wondering where is the best place to buy crypto and where is the cheapest place. I have setup a Coinbase account but their charging over €9 for €250 worth of Ethereum. Just thought that it was a but much., Anyone know of somewhere less expensive?

IK09

jester77

IK09 wrote: »

Hey

Im just wondering where is the best place to buy crypto and where is the cheapest place. I have setup a Coinbase account but their charging over ?9 for ?250 worth of Ethereum. Just thought that it was a but much., Anyone know of somewhere less expensive?

IK09

I take it you buying them with credit card? If you use a SEPA transfer to put the funds on your account then it is cheaper.

nuac

Mr. Incognito wrote: »

It's a textbook.bubble.

People who get in early will make money..

People who don't get out in time will get burnt.

These fads come along every generation. Always ends up the same way.

Agree, except I think they are coming more often than each generation.

The 'net is accelerating the process

Leechy

Hello everyone,

I am sure it is not necessary to buy Bitcoin investing in cryptocurrency, there are many fast growing currencies such Dash, Litecoin, Bytecoin, Nem, Zcash, etc.
You can exchange them on Bitcoin later on if you wish to have the Bitcoin.

Regards

Leechy

Hi The Cuban,

That's incredible result, what would you advise to buy else ?

Thanks

patnor1011

Anyone mining ethereum? I do have some issues, for some reason cant connect second card to my pc with PCI-E 16x to PCI-E 1x.
I do not exactly know how to proceed. Do I need to unplug original card and instal second one first and then plug in first back or? Anyone in Limerick who can help me sort it out?

Leechy

patnor1011 wrote: »

Anyone mining ethereum? I do have some issues, for some reason cant connect second card to my pc with PCI-E 16x to PCI-E 1x.
I do not exactly know how to proceed. Do I need to unplug original card and instal second one first and then plug in first back or? Anyone in Limerick who can help me sort it out?

I know nothing about how to mining crypto, but if I were you I would try google and youtube, there are many people want to share their experience and give you a hand, you will be pleased surprised

Thargor

patnor1011 wrote: »

Anyone mining ethereum? I do have some issues, for some reason cant connect second card to my pc with PCI-E 16x to PCI-E 1x.
I do not exactly know how to proceed. Do I need to unplug original card and instal second one first and then plug in first back or? Anyone in Limerick who can help me sort it out?

What sort of rate are you mining at if you dont mind me asking?

The Cuban

Leechy wrote: »

Hi The Cuban,

That's incredible result, what would you advise to buy else ?

Thanks

I`m afraid the boat has sailed for all these cryptos. The chances of making serveral hundred percent gains are slim, whereas the chances of the cryptos halving in value is quite high now.

nate.drake

The Cuban wrote: »

I`m afraid the boat has sailed for all these cryptos. The chances of making serveral hundred percent gains are slim, whereas the chances of the cryptos halving in value is quite high now.

Someone told me the same thing when I paid $1200 dollars per Bitcoin back in April, it's now more than doubled. While it may not triple again overnight, it's not inconceivable, certainly if we can get more countries adopting it.

For my own part I use Bitcoin gains to pay for my trading fees in more sensible investments, it's done the job so far for the past three years with plenty left over.

jester77

Quick turnovers are probably going to be rare now, unless you have a lot of money to throw into an ICO. ICO's are more about the hype than the product right now, but that will also not last too long. Regulation will eventually be brought in and the hype will wear off.

But there are still gains to be made with smart investments. Some good products out there where you can invest coins, just need to do your research.

You can still play the market and watch for trends. You can watch out for patterns in TA charts and try to make a bit of profit especially with btc and eth. Looking at the charts now, the patterns are showing we should get a spike over the weekend. So buying now could net some profit by the end of the weekend. But there is no science behind this and you could also lose out.

crowseye

Agreed jester the real gains are in products with smaller market caps and good teams behind them, you just need to do your research. There's still a lot of money to be made there. ICOs still have potential for huge gains but nowhere near as much as they did before as demand has gotten so high. Again you need to do your research and not invest blindly into any ICO you can jump into which is what is happening now!

jester77

crowseye wrote: »

Agreed jester the real gains are in products with smaller market caps and good teams behind them, you just need to do your research. There's still a lot of money to be made there. ICOs still have potential for huge gains but nowhere near as much as they did before as demand has gotten so high. Again you need to do your research and not invest blindly into any ICO you can jump into which is what is happening now!

ICO's are currently flawed imo, the vultures are throwing their money at it and due to them not being capped, it is making it nearly impossible for the small guy to even get in. BAT was just ridiculous, $36 million in under 30 seconds with no chance for the little guy to get in.

crowseye

Completely agree jester I think everyone realized what a ****show the BAT ICO was, I tried to invest a small amount myself and most of the reputable ICOs are now introducing caps to let the little person in. I've learnt to avoid certain ICOs from experience. Something like Bancor which people are going crazy for doesn't appeal to me at all, Tezos is another one where the funds raised will be so large that the risk/reward of the investment isn't worth it. There are still a few diamonds in the rough though if you know where to look.

jester77

crowseye wrote: »

Completely agree jester I think everyone realized what a ****show the BAT ICO was, I tried to invest a small amount myself and most of the reputable ICOs are now introducing caps to let the little person in. I've learnt to avoid certain ICOs from experience. Something like Bancor which people are going crazy for doesn't appeal to me at all, Tezos is another one where the funds raised will be so large that the risk/reward of the investment isn't worth it. There are still a few diamonds in the rough though if you know where to look.

I am staying clear of the ICOs, too much hassle and with a small group of investors taking a majority stake, then they have too much control over where the price goes imo.

Santiment is one that looks promising, but I'll watch from the sidelines.

The Cuban

nate.drake wrote: »

Someone told me the same thing when I paid $1200 dollars per Bitcoin back in April,

And what Alias were you under then?

el diablo

nate.drake wrote: »

Someone told me the same thing when I paid $1200 dollars per Bitcoin back in April, it's now more than doubled. While it may not triple again overnight, it's not inconceivable, certainly if we can get more countries adopting it.

Tripling overnight at this stage is absolutely inconceivable.

patnor1011

Thargor wrote: »

What sort of rate are you mining at if you dont mind me asking?

I just have one pc going 24/7 with AMD card which does 24-25Mh/s on ethereum. Dual with Siacoin. It is not much but who knows how high will ethereum go. I do have another with the same speed but junior does play on it in daytime so I let it mine in a night only.

patnor1011

el diablo wrote: »

Tripling overnight at this stage is absolutely inconceivable.

Tripling overnight no but many cryptos are doing 100-150% in 24 hours. Important question is which one is next

nate.drake

The Cuban wrote: »

And what Alias were you under then?

No doubt you're thinking of the 'Uncharted' video games - sad to say I've never played them. Wouldn't mind some of that Aztec gold, would make for a nice investment mind you :-D

leandrolorenzi

I had 4500 stellar/Lumens assigned/gained in 2014.. I never touched them, and now they run around 450 Eur. They 'worthed' 650 a few days ago.. anyway my attempt to move them from Stellar.org to any crypto wallet never go through, the transactions always failed. Any tip to convert them in other Cryptocurrencies?

jamesbondings

leandrolorenzi wrote: »

I had 4500 stellar/Lumens assigned/gained in 2014.. I never touched them, and now they run around 450 Eur. They 'worthed' 650 a few days ago.. anyway my attempt to move them from Stellar.org to any crypto wallet never go through, the transactions always failed. Any tip to convert them in other Cryptocurrencies?

in a similar boat to you, your 4500 lumens are now worth nearly 1000 euro!
no idea how to get the cash though. but happy enough to leave them. got most of them for free so happy with nearly 900% increase.

im tempted to liquidate half and put it into ripple at this stage.

leandrolorenzi

I moved them to Binance, in case I want to trade other currencies.
If you want to cash out, you need to convert them to BTC/ETH/LTC or any other major Cryptocurrencies and move them to an exchange ( in my case Bitstamp)

I am not sure if there are also quicker/cheaper 'triangulation' options, this is just my experience at the moment

For the ones who use Revolut , you could trade cryptocurrencies there as well
revolut.com/t/leandrn9!crypto

Blacktie.

leandrolorenzi wrote:

I moved them to Binance, in case I want to trade other currencies. If you want to cash out, you need to convert them to BTC/ETH/LTC or any other major Cryptocurrencies and move them to an exchange ( in my case Bitstamp)

This is pretty normal. Can't cash out alt coins unless you convert to a more well known one.