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 Bitcoin and other Cryptocurrencies v2

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Enigmatic
post May 9 2017, 03:42 PM

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QUOTE(jack2 @ May 9 2017, 03:25 PM)
Why no body is talking about Litecoin and Dogecoin?
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I guess that's because there isn't really much to talk about really. Dogecoin is entertaining and mostly stable, does not table much in terms of innovation, but fun. Litecoin.... Hmm. I am not too sure how to feel about it.
Enigmatic
post May 9 2017, 03:51 PM

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QUOTE(WooTz @ May 9 2017, 03:46 PM)
Plenty of room to fall with ETH. At least until the EEA2 comes, give it a day.
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Nice to see you around WooTz.

Itching to buy some more ether with this price drop but I am aiming to diversify my crypto portfolio over the next couple of months. Might sit this one out. Hmm.
Enigmatic
post May 9 2017, 04:13 PM

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QUOTE(WooTz @ May 9 2017, 03:57 PM)
With the upcoming bullish events at the end of the month, such large drop is healthy to shake off weak hands and coil up the shorts. This is could be the cheapest ETH we'll ever see in May.
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In total agreement with you.

Guys - if you didn't enter eth before the bull run, this is a good chance. Don't say we didn't inform. tongue.gif
Enigmatic
post May 9 2017, 09:16 PM

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QUOTE(shankar_dass93 @ May 9 2017, 08:59 PM)
Sorry for asking a noob question on bitcoins.

Was reading about it and decided to allocate a small sum of my funds into this.
Anyone has experience with using coinbase ?
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Coinbase does not service Malaysia. You might get feedback from guys here working in Singapore though.
Enigmatic
post May 10 2017, 10:08 AM

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QUOTE(Davez89 @ May 10 2017, 09:54 AM)
How most of u here buys ur eth?  Buy btc from luno the exchange at poloniex? 1 btc at link already at 7.7k God damn
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7.7k is market rate for btc so that's about right.

You could get 0.5btc or any arbitrary unit you need to fulfil the number of eth you want to purchase.
Enigmatic
post May 11 2017, 10:44 AM

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QUOTE(blueblueoutofblue @ May 11 2017, 10:41 AM)
i send bitcoin from coinhako to poloniex... sad.gif

already 10 minutes still not yet show in my poloniex!~~~
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Give it 30~45 minutes. The network has quite a number of unconfirmed transactions, and transaction speeds are affected.
All the best.

Enigmatic
post May 11 2017, 12:31 PM

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QUOTE(blueblueoutofblue @ May 11 2017, 11:09 AM)
yaya.. receive..

the confusing is that, the exchange rate is BTC/LTC or LTC/XRP..

sad.gif

today i spend usd250 to spread across BTC, XRP, XMR n LTC @_@

donno how to keep track lol..

poloniex is ok to keep money inside right?
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Money as in fiat? Why not convert it to crypto and withdraw it into your own wallet?
It isn't encouraged to keep your cryptos/fiats in exchanges - Exchanges are fallible and you do not technically own whatever you put on exchanges.



QUOTE(wengherng @ May 11 2017, 11:42 AM)
WTF......I sent some bitcoin on the morning of 2nd May 2017, did not get any confirmations for more than 48 hours, and then when I looked up the transaction ID on blockchain, I discovered that it was "previously accepted but later pruned from the database"......so basically rejected due to congestion and probably too low transaction fee.
The bitcoin was subsequently returned to my hardware wallet (or more accurately, it never left)......so, all good.

BUT apparently the transaction was still floating around in limbo somewhere, because just 30 minutes ago today, PRESTO! the bitcoin magically appeared in my Poloniex account!

So, all in all, it took my bitcoin transaction a freaking total of 9 days (about 216 hours) to get confirmed.  vmad.gif

I probably won't be buying any Starbucks coffee with bitcoin anytime soon......
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The transactions are supposed to be pruned after some time (72 hours by default, varies by implementation). Strange that it gotten picked up after being "returned" - So your hardware wallet gotten deducted properly, and Polo was also updated accordingly I suppose? Hmm.


QUOTE(Davez89 @ May 11 2017, 11:56 AM)
[attachmentid=8805502]

Should I be worried?
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Nah. Was a holiday yesterday. Give it a few days for it to clear customs. Usually at this point it's customs inspection. And even if it's held for tax purposes you'll be getting a letter from them.

Your hardware wallet?

This post has been edited by Enigmatic: May 11 2017, 12:32 PM
Enigmatic
post May 14 2017, 06:19 PM

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QUOTE(kmarc @ May 14 2017, 09:22 AM)
Ripple Consensus Ledger Is up for an Upgrade : https://forum.lowyat.net/index.php?act=Post...f=153&t=4218606
I don't understand the last part. Why is ripple competing with bitcoin? Is ripple also competing to be a cryptocurrency for general use?  hmm.gif

Again, not suggesting anybody to buy. Just for info. wink.gif
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I think what the author intended to say - competing with bitcoin in those specific attributes - since bitcoin is commonly known as de-facto cryptocurrency which currently is facing issues with transaction cost and speed. That part is nothing really much to read too deep into.

What are your views about Ripple kmarc? I do find the real-life use cases intriguing and very implementable, though not primarily driven as a currency alternative and a relatively higher number in circulation I am less inclined to think that Ripple's per-unit value is going to increase a lot over time.

Addendum: Yea I am aware of that screwed up hike over 2 months. tongue.gif Ah.. The joys of cryptos...


This post has been edited by Enigmatic: May 14 2017, 06:23 PM
Enigmatic
post May 15 2017, 02:33 PM

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QUOTE(shankar_dass93 @ May 15 2017, 02:17 PM)
Why has BTC's been going down ? Is it due to the date line for the submission of ETF's based on BTC ?
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Usually Bitcoin has an inverse reaction with Ether (but there are recent signs of decoupling). Seems that ether is showing signs of being bullish.

Poking Lumens waiting for it to react. Lol
Enigmatic
post May 16 2017, 01:52 PM

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QUOTE(shahrul09 @ May 16 2017, 12:19 PM)
Lol why GAME suddenly going up?
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Whales, pump and dump maybe.

There are patterns of small cryptocurrencies suddenly increasing two-three folds then dropping back to its original value before the rally. If there's no signs of decent fundamentals or news of that crypto, increase in price tends to be inorganic.

PS: Not saying GAME is.

===


Can't wait for Consensus 2017. brows.gif

This post has been edited by Enigmatic: May 16 2017, 02:11 PM
Enigmatic
post May 17 2017, 05:44 PM

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QUOTE(blueblueoutofblue @ May 17 2017, 05:34 PM)
XRP dropping down down @_@
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Noticed a bit of the downwards trend when it started fluctuated up and down repeatedly - got sick of it and ditched my XRP, parked in BTC for now, which is showing signs of being stable (maybe because nobody can actually do much with it now due to the confirmation time? LOL)

Not sure if I want trade for the next 1~2 days - it does earn me money but takes too much attention. Hmm.
Enigmatic
post May 18 2017, 09:13 AM

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Aragon was an interesting experience. sweat.gif it ended in way lesser than 30 minutes.
Enigmatic
post May 18 2017, 11:04 AM

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QUOTE(WooTz @ May 18 2017, 10:21 AM)
Going to spam BAT? It's easy money. And I don't say that very often.

If XEM and BCN surpasses ETH, I wouldn't be surprised, crypto price movements doesn't make sense to me lately.

Let's hit $80 billion crypto cap and see where all these money take us.
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I will take a look at BAT. I am fairly familiar with Aragon and what it does (as I am from a similar industry) so it did not take long for me to understand what it does and where it could head to.

The ICO earlier this morning did put some thoughts on my head though - there were about 4000 transactions logged on the blockchain to the Aragon address over a span of 15 minutes. This created a congestion and transactions were either not sent (so possibly way more than 4k transactions being triggered by panicking buyers) or pending for quite a while. I'll need to look into the transfer protocol Ethereum currently uses to see if this bottleneck makes sense from a technical perspective, and if Raiden elevate exactly this issue.


Also... amazed by the number of people on Slack who joined the channel 5 minutes before the sales start, asking for summaries and justification why they should purchase ANT. They might be trolling yeap, but I'm not sure what's worse at this point.

This post has been edited by Enigmatic: May 18 2017, 11:05 AM
Enigmatic
post May 18 2017, 12:03 PM

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WooTz - shout out to you for getting BAT on my attention radar. Limited myself to 5 minutes of reading time but it does look nice. A few questions on my head with regards to complimentary ad-free browsing, but in the grand scheme of things it does look good.

More reading later tonight....
Cheers.
Enigmatic
post May 18 2017, 01:41 PM

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QUOTE(WooTz @ May 18 2017, 12:29 PM)
Yeah, while I'm skeptical of the token long term, like someone might/will design browsing bots to game the ads to giving them endless BATs, this is amazing to people who don't mind ads if they actually gets PAID surfing the net, don't even need to click anything.

That's pretty mindblowing to me.
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I actually find BAT to have a better monetizing aspect vs, say, ANT in the long run, but I'll need to do more read up. At work. Haha.


QUOTE(kmarc @ May 18 2017, 12:51 PM)
I see. Thx. Gosh, so much research to do. I guess there's no free money without some hard work.

Guys, I posted some views on Ripple based on the most recent article. Come, please discuss! I feel so lonely..... and sad sad.gif
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Liquidated my Ripple for Ether. Sorry bro. biggrin.gif maybe I'll comment more over the weekend.
Enigmatic
post May 18 2017, 06:27 PM

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QUOTE(WooTz @ May 18 2017, 06:12 PM)
Actually it's rather straightforward to secure the 24 words

Split the keys into different pieces and store them in separate areas. I'll leave the locations to your imagination.
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This.

Tattoo them on your body on different parts. Then remember the sequence to read them with a mnemonic. Like the song "head shoulder knees and toes". laugh.gif
Enigmatic
post May 18 2017, 07:40 PM

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Random thoughts about Aragon.

1. My first ICO - was good experience.
2. Instantly made 30% overnight. I'm waiting for that initial dump.
3.. Accidentally made two transactions (no thank you Mist) instead of one, so now I have a lot lesser ether. Liquidated my trading portfolio which went into ether for the short term.
4.. Aragon can be seen as disruptive. It most likely will go big or go flop. Governments want control. They don't like organisations where they have little jurisdictional power over. But if this works we will see a new era of organisations, workplaces, ventures, crowd funding; possibly even societies.
5. One use case I can see Aragon being used is by financial institutions. But that probably will require a global legislation change with regards to taxation.
6. I'm not sure how many people actually knew how Aragon works before "donating" them money.
7. Founders were too confident the sales will last for weeks, and repeatedly reiterated that safeguards are placed to prevent that. Hope they learnt their lesson not to overestimate/underestimate - especially with regards to their work. Like the DAO.

Enigmatic
post May 18 2017, 08:52 PM

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QUOTE(kmarc @ May 18 2017, 08:22 PM)
You mean you still gain 30% after the opening crash?  hmm.gif
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Yeap. I believe there could be another crash to be seen in the short term too. biggrin.gif
Enigmatic
post May 19 2017, 09:28 AM

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XEM, ICN looking real good. XMR is looking interesting as well.
Enigmatic
post May 19 2017, 10:06 AM

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QUOTE(kmarc @ May 19 2017, 09:22 AM)
Ethereum blew past 100! Target 500......  whistling.gif
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TO THE MOOOOOOONNNNNN lol


QUOTE(kmarc @ May 19 2017, 09:34 AM)
I'm up about 400% on XEM. Should have bought much earlier....

XMR has been the turle of altcoins past few months. Slowly rising but too slow by crypto standards. Maybe will fly one day.
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True. Past week hadn't been nice for XMR though, and now there's a big green candle so hope that gives it a bit of upwards momentum.

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