crypto currency discussion

**Optional** · 12-02-17, 06:45 PM

Originally posted by reigle9

now i see it's something physical on a hard drive? i can't wrap my head around it

Originally posted by reigle9

what was that about a guy throwing out a hd worth 40 mil now?

The hard drive contained the private key for his bitcoin wallet.

If he had just written that down he would not need the hard drive to retrieve all those coins.

The bitcoin is not anywhere. There is just a ledger record called the blockchain and all these wallets do is read records from that and display your account history. If the wallet also has your private key, then it can send bitcoin as well.

**reigle9** · 12-02-17, 07:08 PM

Originally posted by Optional

The hard drive contained the private key for his bitcoin wallet.

If he had just written that down he would not need the hard drive to retrieve all those coins.

The bitcoin is not anywhere. There is just a ledger record called the blockchain and all these wallets do is read records from that and display your account history. If the wallet also has your private key, then it can send bitcoin as well.

so it really is just what the internet agreed what it would be worth

this is so dumb lol

**Optional** · 12-02-17, 08:10 PM

Originally posted by reigle9

so it really is just what the internet agreed what it would be worth

this is so dumb lol

The internet doesnt really get a say.

It's worth what people will trade it for. Same as the US$ and Gold.

You seem desperate to find some sort of fundamental fault here.

If there was an underlying fault with bitcoin as a tradeable instrument other specialists would have spotted it by now.

**shocka1212** · 12-02-17, 08:11 PM

Originally posted by SamsNCharge99

I got 2 shares of litecoin at 80.13 on Thursday. Trying to get 10-15 shares in next couple of months obviously at various prices. Paying for a wedding and trying to get involved in this at same time isn't fun haha

I feel you bro. Atleast you're not doing a destination wedding and making your friends spend thousands like everyone does now. Eth and LTC are both great options.

**raiders72001** · 12-02-17, 08:13 PM

For those that have bitcoin in blockchain.info, you own your private keys. Just go to security, get your back up phrase and write down those twelve words.

**Optional** · 12-02-17, 08:14 PM

And Reigle.

If you just want to use it to transfer money to and from books, none of this crap matters.

You dont need to believe in Paypal as an investment to use it to send money. Bitcoin the same.

**reigle9** · 12-02-17, 08:14 PM

Originally posted by Optional

The internet doesnt really get a say.

It's worth what people will trade it for. Same as the US$ and Gold.

You seem desperate to find some sort of fundamental fault here.

If there was an underlying fault with bitcoin as a tradeable instrument other specialists would have spotted it by now.

yeah, for sure

i'd be retarded if i didn't

**ace7550** · 12-02-17, 11:38 PM

There is a hard drive in a dump some where with millions of $'s worth of bitcoin on it. Crazy.

Man unknowingly throws out Bitcoin hard drive now worth $4.8billion

http://www.dailymail.co.uk/news/article-4543488/Man-throws-Bitcoin-hard-drive-worth-4-8billion.html

A Sydney man has shared his grief after he unknowingly threw out a portable hard drive seven years ago which is now worth $4.8million.

**puckk** · 12-02-17, 11:44 PM

**ans61201** · 12-03-17, 12:42 PM

Well 11,800 was nice to wake up to. When is the next btc merger? I've read two different dates. How do people see the price before, on and after

**shocka1212** · 12-03-17, 03:00 PM

made 2k this week on iota. taking out my original investment tomorrow and rolling that into eth

**ChuckyTheGoat** · 12-03-17, 03:27 PM

Originally posted by shocka1212

made 2k this week on iota. taking out my original investment tomorrow and rolling that into eth

Salud, nice score. How do u see Bitcoin price playing out this week?

**slo mo** · 12-03-17, 03:31 PM

Does any one know if it's anyway to trade BTC and Litecoin using leverage?

**ace7550** · 12-03-17, 03:57 PM

Originally posted by shocka1212

made 2k this week on iota. taking out my original investment tomorrow and rolling that into eth

Me too

I'm leaving all mine in though. IOTA is the crypto I am most excited about.

**ans61201** · 12-03-17, 04:57 PM

Originally posted by shocka1212

made 2k this week on iota. taking out my original investment tomorrow and rolling that into eth

Haven't been following it, what was your entry price and price now? May want to add another to portfolio but need to get some more coin over to bittrex first

**Weems2k** · 12-03-17, 06:04 PM

While I think I get the general gist of how Cryptocurrencies work, I still can't wrap my head around the concept of how something that you can't physically see, or hold has so much value. At least with Gold, Jewels, Dollar's, you actually have something that can have some trade value based on rarity, and stuff. But this, it seems like someone just created a complex math algorithm, and everyone deeming it worth thousands. That's almost like me saying my love is a super rarity, and putting a price on it. It's not really there, but has value?

One thing for sure, it's making GPU prices expensive as hell as well.

**firekillex** · 12-03-17, 07:31 PM

Originally posted by ace7550

Me too

I'm leaving all mine in though. IOTA is the crypto I am most excited about.

been telling everybody here get into IOTA , very bright future for this coin can easily break double digits $10+ in the next couple years imo.... its more of a long term 3-5 year hold but will be worth it in the end

check out ARK as well... very solid tech/ team and concept behind it

**raiders72001** · 12-03-17, 11:31 PM

IOTA and Microsoft Join Forces for IOT

IOTA has been making waves recently by signing major partnerships with some of the world’s leading enterprises. Last week, the German-based startup announced a new partnership with Microsoft, Accenture and nearly two-dozen other companies to develop a blockchain solution tied to the Internet of Things (IOT). It has also been reported that the IOTA Foundation has partnered with Cisco, Volkswagen and Samsung around its Data Marketplace.
IOT is considered by many to be the digital economy’s next game changer, with Cisco Systems Inc. already touting it as the $19 trillion opportunity. This number is spread across five key areas, including capital efficiency, increased productivity, supply-chain improvements, better customer service and new technology innovations as a result of IOT integration.
The Internet of Things simply refers to the extension of the internet to the physical world through embedded technology. It is expected that 50 billion devices will connect to the internet by 2020, making IOT a highly lucrative opportunity. The IOTA Foundation says this figure will rise to 75 billion over the next decade.

https://hacked.com/iota-doing-big-th...hip-announced/

**pilebuck13** · 12-03-17, 11:42 PM

Got some today any of you guys use binance exchange?

**shocka1212** · 12-03-17, 11:46 PM

Originally posted by raiders72001

https://hacked.com/iota-doing-big-th...hip-announced/

**TheMoneyShot** · 12-03-17, 11:46 PM

Originally posted by Weems2k

While I think I get the general gist of how Cryptocurrencies work, I still can't wrap my head around the concept of how something that you can't physically see, or hold has so much value. At least with Gold, Jewels, Dollar's, you actually have something that can have some trade value based on rarity, and stuff. But this, it seems like someone just created a complex math algorithm, and everyone deeming it worth thousands. That's almost like me saying my love is a super rarity, and putting a price on it. It's not really there, but has value?

One thing for sure, it's making GPU prices expensive as hell as well.

I don't understand the entire process either... but I'm just riding the wave. Got in when the price was $7,500. Sweating bullets for about 4-5 days back then (turns your stomach a bit...) but once you're in the GREEN... and not the RED... you don't sweat anything. Just don't count the gains everyday... because it fluctuates a lot. It gets knocked down a lot... but miraculously comes back 2X stronger every time.

**Pauulzcappin** · 12-03-17, 11:47 PM

so i got 2k extra i want to throw into alts, what would u guys recommend? 3 eth and splash around others?

**firekillex** · 12-03-17, 11:55 PM

Originally posted by Pauulzcappin

so i got 2k extra i want to throw into alts, what would u guys recommend? 3 eth and splash around others?

IOTA, ARK, VTC , OMG
a few alts im currently in and like

**pilebuck13** · 12-04-17, 12:06 AM

Can't seem to generate a second auth on binance don't really like that they have no app for iOS that works and the text China based

**shocka1212** · 12-04-17, 12:11 AM

Originally posted by ans61201

Haven't been following it, what was your entry price and price now? May want to add another to portfolio but need to get some more coin over to bittrex first

Iota, ada, and I'm taking part of two other ico's in the next couple of weeks.

**shocka1212** · 12-04-17, 12:12 AM

Originally posted by Pauulzcappin

so i got 2k extra i want to throw into alts, what would u guys recommend? 3 eth and splash around others?

iota...

**ace7550** · 12-04-17, 12:39 AM

IOTA absolutely on fire.

1	Bitcoin	$192,192,722,753	$11,495.70	$6,910,410,000	16,718,662 BTC	3.02%
2	Ethereum	$44,932,168,763	$467.45	$1,027,740,000	96,121,460 ETH	0.22%
3	Bitcoin Cash	$26,356,902,352	$1,565.44	$1,191,370,000	16,836,738 BCH	0.53%
4	Ripple	$9,837,322,339	$0.254702	$142,750,000	38,622,870,411 XRP *	0.16%
5	IOTA	$6,710,897,915	$2.41	$658,489,000	2,779,530,283 MIOTA *	65.90%
6	Dash	$5,927,708,830	$766.63	$196,621,000	7,732,214 DASH	-1.22%
7	Bitcoin Gold	$5,519,603,707	$330.77	$276,013,000	16,687,236 BTG	9.67%
8	Litecoin	$5,448,251,193	$100.68	$361,815,000	54,116,683 LTC	-0.14%
9	Cardano	$3,324,006,005	$0.128206	$42,572,100	25,927,070,538 ADA *	-0.88%
10	Monero	$3,101,038,459	$200.93	$84,304,300	15,433,120 XMR	1.12%

**shocka1212** · 12-04-17, 01:06 AM

I want a little dip before I pull the trigger on some more iota

**firekillex** · 12-04-17, 01:31 AM

Originally posted by shocka1212

Iota, ada, and I'm taking part of two other ico's in the next couple of weeks.

check out ODN shocka

**shocka1212** · 12-04-17, 01:31 AM

anyone else having issues with binance right now? trying to put an order in before I knock out but it won't even load for me.

**firekillex** · 12-04-17, 01:32 AM

what is the ceiling of IOTA for the numbers guys here??
how high could this coin go , correlating to market cap

**shocka1212** · 12-04-17, 01:43 AM

Originally posted by firekillex

what is the ceiling of IOTA for the numbers guys here??
how high could this coin go , correlating to market cap

tough call.... hard to call the top of this one in particular.. but I think somehwhere around 4.50 to 5 by 1q of next year.

**eidolon** · 12-04-17, 02:18 AM

would like to buy IOTA, but I can't because it is only selling here: Bitfinex, Coinone, Binance

**GunShard** · 12-04-17, 02:52 AM

Interesting chart on world economic sizes:

marketwatch.com

https://www.marketwatch.com/amp/story/guid/D410312A-A5A6-11E5-8AE7-A86DAC7DE99F

**raiders72001** · 12-04-17, 02:58 AM

Originally posted by firekillex

what is the ceiling of IOTA for the numbers guys here??
how high could this coin go , correlating to market cap

I posted this at RX last week.

Of course it's a long shot but imo here are 3 coins that have the best chance to be life changing by 2019.

IOTA - New generation technology using Tangle instead of Blockchain.
ADA - Called the ETH of Japan with strong developers.
POWR - Australian government $8m grant to develop this project. They also received $34m ICO.