crypto currency discussion

[firekillex]

do you use a wallet or keep them in an exchange? i am from brazil but any info about the subject might help

i prefer to hold my coins in different wallets/ exchanges ... i like wallets more though... hard wallets are the best but will cost you $200+..... so only worth if youre holding like 10k + in coins

desktop wallets free i like Exodus the most, very safe and reliable .. easy to use

coinbase exchange is pretty safe as well but only holds a few coins


if i was you id download exodus for the desktop imo ... cheers and gl

[puckk]

all time high, over $7000

just 6 weeks ago its market cap was 55 billion, now 117

[JAKEPEAVY21]

killex, hopefully you did not sell

[MeanPeopleSuck]

all time high, over $7000

just 6 weeks ago its market cap was 55 billion, now 117

That market cap is terrifying. I've been a bitcoin owner, believer, early adopter, and apostle for the last 3 years, but -- and it kills me to admit this -- I don't think bitcoin's WORTH $120 billion.

It will be, when we fix the retail problem and start to steal business from the major cc's, but that's still a ways off. Right now some form of insanity, possibly FOMO on the part of people who were slow to recognize BTC's potential, is driving the price to heights that don't make sense.

[PaperTrail07]

100% FOMO.....savvvvvy investors chatting about it over dinner....pass the grey pupon....LOL...amazon chatter I BELIEVE plays a part too.....but its HYPE and FOMO 1000%

That market cap is terrifying. I've been a bitcoin owner, believer, early adopter, and apostle for the last 3 years, but -- and it kills me to admit this -- I don't think bitcoin's WORTH $120 billion.

It will be, when we fix the retail problem and start to steal business from the major cc's, but that's still a ways off. Right now some form of insanity, possibly FOMO on the part of people who were slow to recognize BTC's potential, is driving the price to heights that don't make sense.

[PaperTrail07]

you gain any ground w arbitrage ? Kills me seeing a $500-$600 window and I cant do ANYTHING about it LOL

That market cap is terrifying. I've been a bitcoin owner, believer, early adopter, and apostle for the last 3 years, but -- and it kills me to admit this -- I don't think bitcoin's WORTH $120 billion.

It will be, when we fix the retail problem and start to steal business from the major cc's, but that's still a ways off. Right now some form of insanity, possibly FOMO on the part of people who were slow to recognize BTC's potential, is driving the price to heights that don't make sense.

[terpkeg]

That market cap is terrifying. I've been a bitcoin owner, believer, early adopter, and apostle for the last 3 years, but -- and it kills me to admit this -- I don't think bitcoin's WORTH $120 billion.

It will be, when we fix the retail problem and start to steal business from the major cc's, but that's still a ways off. Right now some form of insanity, possibly FOMO on the part of people who were slow to recognize BTC's potential, is driving the price to heights that don't make sense.

Don't forget about the rest of the crypto market most of which you can only access via BTC trades.

Market Cap: $192,873,806,537 / 24h Vol: $9,123,540,372 / BTC Dominance: 61.5%

[firekillex]

killex, hopefully you did not sell

nope i didnt yet , still weighing my options now i want to even more
but im scared it wont drop at the fork like it always does this time...

[Deceptakhan]

It looks like there might be a promising future for BITCOIN CASH after all
MPS what are your thoughts?

[puckk]

It looks like there might be a promising future for BITCOIN CASH after all
MPS what are your thoughts?

scarcity creates value

[eidolon]

Man I made a wrong move. Should have gone back to bitcoin with my ethereum.

[JAKEPEAVY21]

nope i didnt yet , still weighing my options now i want to even more
but im scared it wont drop at the fork like it always does this time...

save yourself the headache and guesswork

just hold firm, laddy

[PaperTrail07]

agree.....saw this 7500 coming.....next to the MOON

save yourself the headache and guesswork

just hold firm, laddy

[MeanPeopleSuck]

100% FOMO.....savvvvvy investors chatting about it over dinner....pass the grey pupon....LOL...amazon chatter I BELIEVE plays a part too.....but its HYPE and FOMO 1000%

Yeah, I think you're probably right. Heh, no somebody else cracked that arb so I spent a bunch of time and effort and got squat for it.

[PaperTrail07]

haha damn......I mean are they crushing it? and any info....

Yeah, I think you're probably right. Heh, no somebody else cracked that arb so I spent a bunch of time and effort and got squat for it.

[MeanPeopleSuck]

It looks like there might be a promising future for BITCOIN CASH after all
MPS what are your thoughts?

Heh, believe me, I'm just guessing like everybody else, but the rally in BCH is being driven by people who believe the coming fight between BTC and B2X might destroy the value of both, since they're competing for the same mining pools. The argument goes like this: if, say, miners keep switching back and forth between BTC and B2X such that the fees and waiting times for both increase by a ton, maybe users will turn to BCH. They're basically betting on BCH as a darkhorse to wind up as the "real" BTC.

This is a 1,000% guess, but I think after the dust clears after the fork, BCH might trade back down to its 'usual' 300-400 range.

But who really knows anything in these crazy times?

[MeanPeopleSuck]

haha damn......I mean are they crushing it? and any info....

They were, but now all the China exchanges have been shut down.

Arb opportunities DO arise from time to time, though. Back in April, Bitfinex started fighting with US banks and cancelling wire withdrawals in dollars. Rumors spread it was insolvent, so for about 3 weeks there was a $100-$300 gap between it and the other exchanges. I was sending crypto round the clock, a zillion times a day, making money with zero risk. It's exhausting -- and my gf kicked me out to the couch because my alarm was going off every hour -- but profitable.

I'll definitely give ya the heads up the next time one comes along, PT. The key to every arb endeavor -- and the reason not everyone does them -- is proper use of the coin Tether.

[PaperTrail07]

Appreciate IT....

They were, but now all the China exchanges have been shut down.

Arb opportunities DO arise from time to time, though. Back in April, Bitfinex started fighting with US banks and cancelling wire withdrawals in dollars. Rumors spread it was insolvent, so for about 3 weeks there was a $100-$300 gap between it and the other exchanges. I was sending crypto round the clock, a zillion times a day, making money with zero risk. It's exhausting -- and my gf kicked me out to the couch because my alarm was going off every hour -- but profitable.

I'll definitely give ya the heads up the next time one comes along, PT. The key to every arb endeavor -- and the reason not everyone does them -- is proper use of the coin Tether.

[ace7550]

A Question MPS,
I have done quite a bit of arbing between bitfinex, gdax, kraken and polo. I remember when the bitfinex scare happened and there was a huge gap between the price there and at other exchanges. I'm wondering how USDT helped you there. Bitfinex doesn't support USDT right? It's long gone now but I would like to know exactly how that worked for future reference.
When I see good arb opportunities the cycle goes like this for me:
1. Buy crypto with USD on exchange #1
2. Send crypto to exchange #2
3. sell crypto for usd
4. buy different crypto with usd
5. send back to exchange #1
6. sell crypto and end up with more usd than I started with on exchange #1
7. repeat until arb oppurtunity is gone.
Simple but effective.
Also here is a very informative article on the upcoming fork. It really helped me to understand exactly what's going on:

https://www.coindesk.com/understanding-segwit2x-bitcoins-next-fork-might-different/

PS: I bought 2500 bitcoins for $5000 about 7 years ago. I sold them a couple weeks later. They would now be worth 18 million. I'll never sell my btc again. Sigh...

[BarkingToad]

I heard it takes like 20 barrels of oil to mine 1 Bitcoin.

[BarkingToad]

DNA Brands Closes First Cryptocurrency Bitcoin ATM Agreement

FORT LAUDERDALE, FL--(Marketwired - Nov 6, 2017) - DNA Brands Inc. (OTC PINK: DNAX) is pleased to announce that the company has closed a distribution agreement with Bitcoindepot.com. DNA will be placing Bitcoin ATM machines across the country. These machines will give the user the ability to both buy and sell bitcoin, and conduct monetary transactions, to both receive and dispense cash.
The consumer will be able to use the ATM machine via virtual wallet (a virtual wallet is created online by the consumer that will allow cryptocurrency transactions). Although this is just the beginning, the company is already taking multiple orders to place machines. The ultimate goal is to put Bitcoin ATM machines next to every Bank ATM machine throughout the country.
"We are actively acquiring new accounts to place multiple Bitcoin ATM machines in strategic locations across the country," stated a company consultant
DNAX Management will also be travelling to Georgia to discuss further growth between DNA Brands and Bitcoindepot.com.
"We will be assembling a sales team due to the tremendous demand of Bitcoin. We are looking to revolutionize and make Bitcoin ATM machines as accessible, and common to use as any other ATM machine. In an effort to convey complete transparency, we will be looking to update the market on a weekly, or bi-weekly basis," stated CEO Adrian McKenzie.
"Bitcoindepot.com offers a fully featured, convenient wallet for your Bitcoin storage needs. Available on all major platforms, in a variety of languages, the Bitcoindepot.com wallet is accessible to everybody. Unlike government issued money that can be inflated at will, the supply of Bitcoin is mathematically limited to twenty one million bitcoins and that can never be changed."
https://www.bitcoindepot.com

[raiders72001]

A major vulnerability has frozen hundreds of millions of dollars of Ethereum

https://techcrunch.com/2017/11/07/a-...s-of-ethereum/

[firekillex]

anybody figure out which exchange will be the best to sell BT2X quickly yet??

[jjgold]

Anyone investing in the other crypto is basically made a bad decision, we should’ve all Just stuck with Bitcoin

[SEAHAWKHARRY]

anybody figure out which exchange will be the best to sell BT2X quickly yet??

Why sell quickly?

[lotuspod]

Anyone investing in the other crypto is basically made a bad decision, we should’ve all Just stuck with Bitcoin

If you were long-term holding yeah, but there were lots of short-term opportunities throughout the year.

As MPS said above, btc climbing to over 7k this quickly is pretty scary too. At over 60% dominance again, long-term crypto holders gotta start asking themselves if btc can beat the entire field by a decent amount in the coming months/years. It's really close, but I'm going with the field I think.

With that said though, we're gonna need better options than eth because this latest parity news is just crazy. That new dev should've been doing that in a test environment and clearly wasn't ready for the real thing anyway.

[firekillex]

Why sell quickly?

rather get at the high price it starts at... dont trust any fork long term for my opinion
seen all the other forks go down quickly 1-2 days after why trust this one to hold long term?

would rather sell and buy some alts with the free money at the current low prices

[GradyFuson]

Anyone investing in the other crypto is basically made a bad decision, we should’ve all Just stuck with Bitcoin

You might be right. But you might only feel this way because of recent btc success. I’m fighting the psychological urge to sell. I wish I had fought that urge with ETH when it was $10. I think there is still a lot of potential.

[shocka1212]

https://techcrunch.com/2017/11/07/a-...s-of-ethereum/

already at $312......

[senseionline]

wrong again all my alt portfolio is up 30% or above

[senseionline]

Anyone investing in the other crypto is basically made a bad decision, we should’ve all Just stuck with Bitcoin

wrong again all my alt portfolio is up 30% or higher after news of SegWitx2 get cancel

[Chi_archie]

Wrong again

[pilebuck13]

-500 in hour wild

[illiteratepotato]

atls arent long term plays. they also have low liquidity. whales only mess with alts to accumulate more bitcoin as the end game. how can you be so sure that your alt isnt one of the 99% that wont be around in 5 years?

[puckk]

bitcoin is racist because it takes thought and time.