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 Bitcoin and other Cryptocurrencies v2

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kmarc
post May 27 2017, 05:22 PM

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QUOTE(wengherng @ May 27 2017, 03:56 PM)
Hmm...according to the link provided by WooTz, actually most of my coins are not ERC20 type......  sad.gif
Like Monero, for example.

Can I put all the different tokens into the same address?
Or is it advisable to split them up into different addresses?
*
Can. However, I distribute my coins to different ETH addresses provided by the hardware wallet.

One ETH address holds ETH, GNT and REP. Another holds GNT and DGD.

I have quite a few other ERC20 tokens left on exchanges but since each amount is not large, keeping them there first. Hmmm, probably need to transfer out soon.

Monero is not an ERC20 token. I read somewhere that ledger said it might be difficult to incorporate monero support due to the nature of the coin. Not too sure whether it is possible later on or not.

This post has been edited by kmarc: May 27 2017, 05:23 PM
kmarc
post May 27 2017, 05:46 PM

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QUOTE(jack2 @ May 27 2017, 05:29 PM)
I sell at whatever current price is plus premium for my wire transfer costs to oversea.

Do u want to buy?
*
Just now you said not selling. Now say selling. So selling or not???!!?? tongue.gif
kmarc
post May 27 2017, 05:56 PM

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I will call this the "Black Friday" where all coins dropped like crazy except for 4 altcoins. A day we should not forget of what can happen in high-risk investment options.

The only weird thing is there is no bad news this time........ What's causing this crash? hmm.gif

This post has been edited by kmarc: May 27 2017, 05:59 PM


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kmarc
post May 27 2017, 06:04 PM

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QUOTE(Enigmatic @ May 27 2017, 06:02 PM)
My girlfriend has bigger balls than me.

I told her "hey. Eth is dropping. My portfolio looks like crap with a big dip there."

She replied with "help me buy more now."

laugh.gif

Thanks jack2.
*
Good girlfriend.

I want to buy from jack2 but he doesn't want to sell to me. sad.gif
kmarc
post May 27 2017, 06:09 PM

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QUOTE(shankar_dass93 @ May 27 2017, 06:06 PM)
Heard behaviour, everyone following one another move to withdraw BTCs
jack2 doesn't want to give me any discounts
*
Owh... jack2 have to make some profit ma....

Anybody who wants to sell BTC or ETH PLEASE PM ME ASAP!!!!!! I want to buy NOW.... errmmmm.... after I'm home tonight..... dry.gif
kmarc
post May 27 2017, 06:15 PM

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QUOTE(bonedragon @ May 27 2017, 06:10 PM)
As I enquired earlier, the real question is what drove close to 100% increase within a couple of weeks in the first place?
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I would say euphoria, just like the 90s when any stocks you buy or any IPO you apply would give you great profits. Everybody had to have a piece of it. However, in is my opinion that in any markets, it will recover. Just don't know when.

QUOTE(Enigmatic @ May 27 2017, 06:10 PM)
I sell you!

For 200USD.

Ok? tongue.gif
I'll post more seriously later tonight lol. Pardon me.
*
Jack2 will say USD199...... biggrin.gif
kmarc
post May 27 2017, 06:19 PM

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QUOTE(WooTz @ May 27 2017, 06:15 PM)
Gemini Trust Company, LLC is a New York State-chartered limited purpose trust company under the New York Banking Law). Gemini is regulated by the New York State Department of Financial Services (“NYSDFS”). As an trust company, we are a fiduciary that is permitted to service both individual and institutional customers. We must meet the capitalization, compliance, anti-money laundering, consumer protection and cyber security requirements as set forth by the NYSDFS and protect the interests of our customers first and foremost

You can't trust them also means you can't trust banks and EPF.
*
I want to cry seeing ETH at USD 110....... bye.gif

QUOTE(shankar_dass93 @ May 27 2017, 06:16 PM)
And then i would quote USD198 brows.gif  brows.gif  brows.gif
*
I need to soft-fork my strategy a bit. Next time keep some BTC or even USDT handy!!!! brows.gif
kmarc
post May 27 2017, 07:29 PM

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QUOTE(jack2 @ May 27 2017, 07:04 PM)
I will open for sales tonight after I am at home
*
Coins goIng up. I want to reserve everything you have including the kitchen sink. Joking joking.... biggrin.gif
kmarc
post May 27 2017, 09:03 PM

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I'm am so the sadding..... missed the opportunity of a lifetime..... sad.gif
kmarc
post May 27 2017, 09:24 PM

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QUOTE(blueblueoutofblue @ May 27 2017, 09:06 PM)
To pump on sea of red ?
*
Yup, to buy at a discount.

QUOTE(roy_zu @ May 27 2017, 09:06 PM)
Im going to take this positively.. hehe..Preparation for next drop going to be massive..
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Yeah, according to the analyst in the link I posted earlier, this is wave 3. Wave 4 will be later with recovery in Jan 2018 and 2018 will see greater heights.

QUOTE(heavensea @ May 27 2017, 09:14 PM)
lowest at 6pm+

btc 1876
eth 118

sad.gif

missed kapal
*
Nope! ETH was slightly below 110 and BTC was 1500+!!! On Polo I mean....
kmarc
post May 27 2017, 09:25 PM

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QUOTE(Chelsea-Fan @ May 27 2017, 09:22 PM)
I cut lose on eth losing usd 51

Wait to buy back lower.
*
Just hold. It will probably go up again. That is, if this crash is over...
kmarc
post May 27 2017, 09:32 PM

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QUOTE(heavensea @ May 27 2017, 09:28 PM)
can we "directly" buy at that price in POLONIEX?
Any method in order for us to do so?
*
From MYR? Nope. That's the problem. Can't do any shopping as I used up all my BTC. I still have 0.5 BTC in my hardware wallet but that is never to be touched.....
kmarc
post May 27 2017, 09:50 PM

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QUOTE(heavensea @ May 27 2017, 09:49 PM)
except MYR? How if I got a SG account?
please advise.
*
Poloniex doesn't deal with fiat. wink.gif
kmarc
post May 27 2017, 10:05 PM

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QUOTE(wenqing @ May 27 2017, 09:55 PM)
Hi all.I am new to the Cryptocurrencies but wish to get started. What is the simplest way to trade bitcoin? Thanks in advance
*
Can take a look at the front page for more info. wink.gif
kmarc
post May 27 2017, 10:29 PM

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QUOTE(Enigmatic @ May 27 2017, 10:09 PM)
So seems that the market is recovering now, or at least is more stable, and market capital is hitting closer to 65B.

Pardon me for my ramblings but observations for the day.

1. Ethereum hit a peak of 200USD+, and over the next 24 hours swiftly dropped to 110USD. A drop of about 40%. Not just ETH but all coins are affected to varied degrees.
2. Quite impressed with Bitcoin, holding its value steadily around 2000USD, bearing the perspective that it once fell to sub 500USD after hitting a previous ATH of 1000USD.
3. Some exchanges refused to sell BTCs, and I suspect it has more to do with the price fluctuation rather than demand.
4. There was a ridiculous price discrepancy for Bitcoin between exchanges (nearly 500USD, if not for the confirmation time you could transfer between exchanges and earn a huge chunk) - Didn't have the chance to find out why.
5. In all honesty, this correction phase is minor as we need to take into consideration the price hike we had been seeing for the past two months. Worse corrections, or loss of value could happen - Like the DAO attack (where people argued and bicker, communities and ideologies split, prices plummeted drastically from double digits to single, etc).
IMHO this correction is a timely one, being a good test to the cryptomarket - shake off weak hands, shift funds from purposeless altcoins to meaningful ones; which would teach me more on how to be patient and look into fundamentals instead of catching hype and the fear of missing out (I mean... wtf... ETC at 20USD?). Unfortunately those impacted the most will be the ones who bought in on the highs; hope that they see past this, reorganise their portfolio, and hold for long term for gains.
A few things I am reminded about today:

1. Do not invest what one can not afford to lose.
2. Leverage on stable altcoins to minimise loss during corrections.
3. See opportunities during mass corrections (e.g. altcoin with potential but surrounded by FUD).
4. Do not panic sell. There will always be a better time to sell.
5. Strife for long term gains, and compare to how the money would do if it isn't being invested. E.g. how would that money do being in my wallet/FD vs being parked in ETH, and which I would be more comfortable with.
That's it for today.
*
If I'm not mistaken, similar thing happened when ETH hit USD 100. I still remember both times WooTz was asking whether he wanted to take some profits. Haha......

Yes, I have the opinion that this correction is actually a must, to knock off the euphoria of just buying to earn a quick buck. In all probability, I have a feeling all coins (including ETC!) will start to rise again after this crash is finished. If I had BTC, besides ETH and some other coins, I would have bought ETC and Zcash, just for a quick gain. biggrin.gif

Agree, do not panic sell unless very bad news e.g. delisiting of bad coins. Crashes usually recover and because we are still (I think) at the infancy of cryptocurrencies, the coins will not only recover but recover with a vengeance! rclxm9.gif
kmarc
post May 28 2017, 07:33 AM

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QUOTE(WooTz @ May 28 2017, 12:34 AM)
Price gotta hold at least a week before we declare victory.

But Huobi and backlogged US buyers are going to bring more uncertainties for sure.

Sideways with a chance of moon.
*
Agree. We're not out of the woods yet. Many crashes begins with a sudden dip and slight recovery before crashing further. Will need to see how this crash plays out.

QUOTE(wengherng @ May 28 2017, 12:50 AM)
Personally, I would recommend the Ledger Nano S.
*
If I were given a choice to choose between legder and trezor, I would actually choose trezor. So far, I find trezor easier to use. Entering pin is through the computer and not pressing buttons on the hardware wallet. When accessing the wallet, I have never needed to press any buttons on the trezor while for ledger, I have to press the buttons multiple times. I think trezor only need to press buttons when transferring funds out.

I hope trezor comes up with Trezor 2 soon.

Oh ya, also have to see coin support. In this case, ledger seems better for now.

QUOTE(b0rhui @ May 28 2017, 02:08 AM)
Any thoughts on Monero/Ripple?
*
I have posted some opinion on Ripple in this thread previously. Can search for it.

Alternatively, there are some links regarding Ripple in the front page.

For me, Ripple is a buy but that's my opinion only. wink.gif

This post has been edited by kmarc: May 28 2017, 07:55 AM
kmarc
post May 28 2017, 07:37 AM

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QUOTE(Kidz1995 @ May 28 2017, 07:25 AM)
hey guys. is mining not recommended right now?
I dont know much about trading. But I have money to invest for mining rig.
Need opinion. Thanks
*
I'm actually considering starting mining and doing research on it. Unless you have a mining farm, it seems small-time miners will have difficulty getting the coins. Small-time as in one or two gpu setup. However, it seems that you would probably do better if you join a mining pool. Profits are not instant but it seems you can probably get back your money spent after 6 months to one year. I guess a 3-4 or more GPU setup would be preferable. If you can handle the hassle of setup, maintenance, trouble-shooting, down-time, hot room, etc, why not give it a try? smile.gif

This post has been edited by kmarc: May 28 2017, 07:40 AM
kmarc
post May 28 2017, 10:55 AM

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QUOTE(blueblueoutofblue @ May 28 2017, 08:10 AM)
Yeah, same opinion on Ripple

As it seem more n more centralized bank are looking into using Ripple , such as consortium bank in Japan which has start to research n going to implement

Ripple won't be giving high return like Bitcoin , but certainly for future it will be range from $20-$100
*
Haha, I think it is unlikely to reach that range. If ever Ripple reaches USD 100, it would probably have a market cap of trillions and I will become a multimillionaire. Highly unlikely wink.gif

QUOTE(tsg_7 @ May 28 2017, 08:19 AM)
Seems that coin investment just far more worst than forex. But of coz, higher risk hugher return. wink.gif
6 GPU and using riser would give u a quite good return per month. But electricity will eat u up. So nett monthly profit only after deduct electricity. And also need to standby for exhaust fan. It will be very hot in your hse!!
*
Yeah, I think 6 GPU is too much for me. That's the problem. The motherboard that you initially buy is important. If you bought 6 PCI-Express slots mobo and found it is not suitable, it would be a waste. However, if you bought 2 PCI-E slots mobo and found it is not enough, then wasted again. I'm thinking if I want to start off, I better get a 3 or 4 PCI-E slot mobo. The only problem is I can't get that over here and I have no idea which mobo to get.

QUOTE(Kidz1995 @ May 28 2017, 09:01 AM)
Yup. I think I want to do that way.

But I need help regarding mining rig. Is it better to buy those AMD gpus or just spend on Antminer?

And bro, this picture I got from Facebook group.

Is this the one you said "join a mining pool?
Im interested to build rig like this one but I dont know whether it worth it or not if compare to Antminer..
*
Not sure as I haven't even reach the stage of mining pools yet! Still stuck at GPU...... it looks like either a 470/480 or 1060 3gb would be the best choice..... hmm.gif

You can google for mining pools depending on what coin you want e.g. Bitcoin mining pool. I think bitcoin is not worth it as too many players mining bitcoin. This website will give you an idea which one is more profitable : https://whattomine.com/

QUOTE(Enigmatic @ May 28 2017, 10:16 AM)
Caught some extra Ripple during this dip? smile.gif
*
Nope. So sad. Didn't have any BTC left.

Furthermore, I sold some BTM at +20% to buy clams at -30%. BTM now is +90% while clams is still -10%. vmad.gif

Yesterday was such a good day to buy discounted coins. cry.gif

This post has been edited by kmarc: May 28 2017, 10:56 AM
kmarc
post May 28 2017, 12:56 PM

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QUOTE(blueblueoutofblue @ May 28 2017, 11:04 AM)
u never know, anything can happen, just ask Wootz tongue.gif a millionaire through ETH
flex.gif
who knows in 5 years time ,Ripple really reach $100

ok... remember me ok? just donate 1% of total ripple you have to me tongue.gif
*
I will be very happy if can even reach USD 5!!! rclxms.gif

QUOTE(WooTz @ May 28 2017, 12:01 PM)
https://www.youtube.com/watch?v=VC3WQLEDZN0

Live show for GPU mining enthusiast
*
Wished I had access to those hardware and the support needed to setup such farms. Those people probably can get those hardwares cheap. Not like the hardware in Malaysia which is marked up by huge amounts.

QUOTE(klthor @ May 28 2017, 12:36 PM)
6 months return is not really possible, consider 1 to 2 years. i started mining 1 and a half year ago and have yet to get my return. if you are mining eth now with 3 ~4 cards, i guess it will take you 15 ~20 days to get 1 eth. and 2 months from now, i guess it will take you more than 1 month to get 1.
in addition, no ppl knows when is eth pos... once its here, miner will have to adapt.
*
What hardware are you using to mine at the moment?

If I start mining, I will mine whatever coin is the most profitable one. Zcash looks promising at the moment.
kmarc
post May 28 2017, 01:57 PM

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QUOTE(klthor @ May 28 2017, 01:20 PM)
so far i guess still eth, zcash never try before. consider okay now compare to what i used to start last time. the shops here selling mobo for mining, last time i have to actually ship them in from US. same goes to risers, so hard to get risers back then.... now you can buy everything from 1 shop, if you ask the shop now they might even recommend which hardware to use. then china also came up with their own ready to use mining pc with 8 gpus if im not mistaken... expensive but good for newbies, no need to setup.
*
Haha, your "last time" is my "now"! Still difficult to get in Sibu. Yesterday I went to ask a local shop for a multi PCI-E slot mobo. They have one 3x PCI-E which is one of the highest range mobo costing like 1.4k! sweat.gif

Cool. Coins are recovery although nowhere near previous high.

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