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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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kmarc
post Aug 13 2017, 01:14 PM

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QUOTE(gonzalo20 @ Aug 13 2017, 01:11 PM)
is it worth to buy bitcoin now or wait for it to drop a lil bit?
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Again, nobody can tell you that.

I entered bitcoin when it was USD 1000 and I was asking myself the same question. Some say bitcoin is a scam and will crash and burn while some predict 10k or even 100k value.
kmarc
post Aug 15 2017, 08:23 AM

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QUOTE(wengherng @ Aug 15 2017, 08:05 AM)
First of all, check the transaction ID and see whether the transaction was already taken up or not.
It could be congestion on the bitcoin blockchain, and if Luno didn't adjust their transaction fees setting, the fees could have been too low causing no miner to accept the transaction.
If no one has taken up the transaction, then Luno can still cancel it for you.
However, if the transaction was already taken up and simply has not achieved the required number of confirmations, then too bad, you'll just have to wait.

Don't worry, your bitcoins are safe.
Spoken from personal experience.
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Damn I need to get back into cryptocurrencies. What's your strategy nowadays?

Bitcoin continue it's relentless march while altcoins taking a big hit. On Polo anyway as the action seems to be on Bittrex now.

At least past few days earned about 15 Clams from loan shark activities! biggrin.gif


kmarc
post Aug 17 2017, 10:40 AM

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Waaaww..... market cap at 140B and dash I think ATH!

QUOTE(TheConqueror @ Aug 17 2017, 10:33 AM)
After playing cc, feel like share market getting sian jor..
shit~
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After I join cryptocurrencies, I have forgotten about all my other investments. The stock market feels like a tamed tiger compared to the raging bull of cryptoworld! biggrin.gif
kmarc
post Aug 17 2017, 10:51 AM

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QUOTE(speedfamgirl @ Aug 17 2017, 10:47 AM)
I joined crypto since June & losing interest in trading forex...lol.

Not much but the paper gain on my crypto portfolio was so worth it, many times than my not-even-breakeven forex!
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Good for you. June-July period was a good entry point. I targeted mid July but didn't manage to enter... missed the boat cry.gif
kmarc
post Aug 17 2017, 11:58 AM

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QUOTE(wengherng @ Aug 17 2017, 11:33 AM)
I'm pretty sure it was me.
Right after I sold off all my DASH, it promptly took off and went up 15%.  sad.gif
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Oh? You sold recently? No more holdings of dash?

I only have 19 dash so going to HODL it tight tight for my kids and plan to give it to them 20 years later! biggrin.gif

This post has been edited by kmarc: Aug 17 2017, 11:58 AM
kmarc
post Aug 17 2017, 03:16 PM

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QUOTE(wengherng @ Aug 17 2017, 01:40 PM)
Yeah I sold off completely and bought some other coin......I didn't have much anyway (didn't really believe it the development and roadmap).
Not bad, 19 DASH is about 1 BTC already......who knows, that might already be enough to send all your grandchildren through university in future! smile.gif
*
Didn't aim that high but I can just imagine my children's faces when I tell them their inheritance is one dash, one BTC, one LTC and one XMR! biggrin.gif

Now looks like happy times. Sure to profit if can buy good potential coins. wink.gif

QUOTE(mansooriqbal @ Aug 17 2017, 02:46 PM)
how long it took u to mine 19 coins n cost of equipment?
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I didn't mine. Bought it when it was about $40+.
kmarc
post Aug 17 2017, 07:44 PM

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QUOTE(Enigmatic @ Aug 17 2017, 07:22 PM)
Guys (and girls) with Trezor, please be careful - The hack is now made public (anyone wants to test? tongue.gif):

https://medium.com/@Zero404Cool/trezor-secu...ys-761eeab03ff8
Addendum: Link to hotfix (I think. If in doubt you guys can double check with Trezor).

https://blog.trezor.io/trezor-firmware-secu...-2-5ef1b6f13fed
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Yeah, got an email from Trezor. Haizzz... so fearful to update firmware.


QUOTE
TREZOR Firmware Security Update — 1.5.2

Today, SatoshiLabs released a security update to your TREZOR; a new firmware version — 1.5.2 — was pushed out to all users. This update fixes a security issue which affects all devices with firmware versions lower than 1.5.2.

TREZOR Wallet will notify you about this update. Please make sure you have your recovery seed nearby, before starting the update process. Refer to the User Manual if you need assistance with the firmware update. For users with Bootloader version 1.3.0, please consult this guide first.

It is important to note that this is not a remote execution attack. To exploit this issue, an attacker would need physical access to a disassembled TREZOR device with uncovered electronics. It is impossible to do this without destroying the plastic case.

If your device does not leave your presence, your coins are safe. Moreover, if you have a passphrase enabled and actively use it, your coins are safe. Yet, we strongly recommend you to update your TREZOR anyway.

We are not releasing a detailed description of the issue today to give enough time for users to update and for other hardware wallets based on TREZOR to distribute an update. We will publish a detailed report in the coming days.

How do I know that my TREZOR has not been broken into?
In order to exploit this issue, an attacker would have to break into the device, destroying the case in the process. They would also need to flash the device with a specially-crafted firmware. If your device is intact, your seed is safe, and you should update your firmware to 1.5.2 as soon as possible.

With firmware 1.5.2, this attack vector is eliminated and your device is safe.

kmarc
post Aug 18 2017, 06:41 AM

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Is bitcoin a bubble or not? https://www.coindesk.com/bitcoin-bear-peter...0-still-bubble/

QUOTE
Bitcoin Bear Peter Schiff Doubles Down: Even at $4,000 It's Still a 'Bubble'

The price of bitcoin continues to surge, defying critics to set a new all-time high of $4,500 today.

But even though bitcoin's price has soared in recent weeks, there will always be bears who see the market through a profoundly darker lens. One of the best-known among the bears, investor Peter Schiff, is now making his case in even stronger terms for why bitcoin has advanced ever farther into bubble territory.

Schiff, who predicted the 2008 mortgage crisis, famously referred to bitcoin as digital fool's gold and compared the cryptocurrency to the infamous bubble in Beanie Babies.
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Moreover, the recent run-up in bitcoin hasn't softened Schiff's view: If anything, it's reinforced his sense of impending doom.

Schiff told CoinDesk:

    "There's certainly a lot of bullishness about bitcoin and cryptocurrency, and that's the case with bubbles in general. The psychology of bubbles fuels it. You just become more convinced that it's going to work. And the higher the price goes, the more convinced you become that you're right. But it's not going up because it's going to work. It's going up because of speculation."

In other words, bitcoin’s upward momentum ­– even the price more than doubling within 90 days ­– may be a kind of self-fulfilling pipe dream.

Schiff does acknowledge that, under certain circumstances, bubbles can lead to trading opportunities for investors who aren’t wedded to the long-term viability of the asset.

"People who get in and get out can make money," he said. Unfortunately, that's easier said than done. He added: "Most people never get out. Most people just don't sell, because of the psychology, and what happens to most people is they just keep buying more. So, when it crashes, they don’t just give back the paper profits – they give back real money."

In a wide-ranging conversation with CoinDesk, Schiff sketched out why he's still okay leaving money on the table when it comes to the crypto asset class.
'Bitcoin ain't money'

The most fundamental of Schiff's arguments can be summed up in one quote: "What it comes down to is that bitcoin ain't money."

Schiff, who is both a passionate advocate and long-time investor in gold, has a narrow definition of money. Simply stated: "Money must be a commodity," he said.

While Schiff is clearly an advocate for the inherent value of gold, he acknowledges a role for fiat currency in the modern economy.

According to Schiff, government-issued money works because there are other valuable things people can do with money. All of the following , for example, are true of fiat currency: you can pay taxes using fiat money; you can buy insurance denominated in dollars; you can buy bonds denominated in dollars, which will pay you interest in dollars.

In Schiff's view, based on this use case, "People have jumped to the conclusion: Since dollars have no intrinsic value, they jump to the notion that cryptocurrencies can work. Two wrongs don't make a right."

Based on this interpretation, Schiff doesn't believe bitcoin can fulfill those functions.
Regulation looming

In Schiff's telling, the nefarious uses of bitcoin are one of the primary reasons why regulators are going to go after operators in its market.

"The main benefit of bitcoin – the only segment of society where it's used for something other than speculation – is crime," he said, noting that when cybercriminals hijack computer systems they very often demand their ransom in bitcoin.

While Schiff acknowledges that early adopters of bitcoin have legitimately used it to purchase legal goods and services, he still believes its association with criminal activity is a net negative.

Schiff also points to the risks of future regulation by the Securities and Exchange Commission (SEC), who recently weighed in on the DAO, calling its sale of DAO tokens equivalent to the sale of unregistered securities. If the broad strokes of that report were imposed on the industry as a whole, the large segments initial coin offering (ICO) market might quickly withdraw.
What makes bitcoin different?

While Schiff expressed skepticism about cryptocurrency, he's bullish on the long-term potential of blockchain technology more broadly.

But he does pose an interesting question about the long-term use case for bitcoin.

"Even if you believe that cryptocurrency is going to work, how do you know that 10 years from now bitcoin is going to be the one? If digital currencies can work, someone can come up with another one. And another one. And another. And another. There's nothing special about bitcoin that another cryptocurrency can't replicate and improve on. Right now, bitcoin is just the most popular because it was first," he said.

Schiff also noted that owners of bitcoin only have claims on the value of the currency itself, and don't own a share of the process.

In this sense, owning bitcoin is roughly analogous to owning a single product made by a company, rather than owning the company's stock, which represents a claim on corporate ownership. (If you own a share of Apple, you own a claim on the cash from future products, not just a portion of one model of iPhone.)

Schiff alludes to a kind of innovators dilemma: Very often, companies that are first into a market, or are the most impressive early innovator in a space, are not the ones that are ultimately most successful.

Or, as Schiff frames the problem: "How do we know that someone isn't going to come around and do to Facebook what Facebook did to Myspace?"

If you extend Schiff's metaphor to the cryptocurrency space, the implications are clear: What if the experience that the cryptocurrency world gains from bitcoin is leveraged in creating a newer, shinier cryptocurrency in the future?
The downside

When asked to sum up, Schiff was unequivocal:

"This is a speculative frenzy. Right now, this is a bubble. It's a cult.  When you're in it, obviously you need more people to believe in it, because the price can only go up if other people buy in. In that sense it's a natural Ponzi scheme – a lot of it is just plain greed."

Those are very tough words for any investor in bitcoin to hear -- and ones they've heard from both inside and outside the market before.

So what's Schiff's advice to investors?

Mostly, Schiff urges investors in bitcoin who have seen outsized gains to take some profits: "If you think you're smart, don't be afraid to take 10% off the table. Don't be afraid to sell into the rally. Don't get greedy. Don't lose all your money."

While it may be disappointing to members of the cryptocurrency community to hear such criticisms, Schiff said he's still "very sympathetic" to the idea of a free market alternative to fiat currencies, and would very much like to see something that can compete with the US dollar and the Yen as a reserve currency.

"Libertarian-minded crypto fans saw this was a way to liberate people from the government," he said, concluding:

    "I think it will have the opposite effect. People are going to lose money. This could really backfire, giving libertarian ideals a bad name by making fiat look good. The downside can be really spectacular."


This post has been edited by kmarc: Aug 18 2017, 06:54 AM
kmarc
post Aug 18 2017, 09:59 AM

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Hmmm... now I'm wondering whether one should buy BCC instead of BTC. After all, BCC is more or less an exact replica of BTC minus the recent changes. If BCC can go even half the value of BTC, what a gain that would bring.

However, am I going to buy? Nope, scared. Just thinking only. tongue.gif
kmarc
post Aug 18 2017, 10:07 AM

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QUOTE(AllnGap @ Aug 18 2017, 10:03 AM)
and the selling pressure is thinning, which is a good sign for bull.
has been dying slowly for the past 2 months d
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Probably also no new development or news on XRP. Seems to me the concentration of pumps and dumps has moved to other coins especially those on Bittrex. I'm so FOMO now!!!

This post has been edited by kmarc: Aug 18 2017, 10:07 AM
kmarc
post Aug 18 2017, 10:22 AM

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QUOTE(blueblueoutofblue @ Aug 18 2017, 10:14 AM)
Ur hand itchy right ?

Come on , let's have fun FOMO
*
Very itchy. Feel like buying a bunch of coins on bittrex but I want to wait for the next bear. For cryptoworld, I think the opportunity to buy in should present itself soon enough.

Buy anything lately? smile.gif
kmarc
post Aug 18 2017, 10:23 AM

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QUOTE(AllnGap @ Aug 18 2017, 10:20 AM)
dunno, it's pretty much a few cents away before the MAY PUMP.
and selling pressure already getting shorter and shorter, i'd expect a rebound soon
*
Hope so but I think it will only be pumped when there are further development. You buying some? smile.gif
kmarc
post Aug 18 2017, 10:28 AM

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QUOTE(blueblueoutofblue @ Aug 18 2017, 10:24 AM)
Stashing xrp , adx , bat 🦇, stratis , DGB, VTC LoL 😂
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Nice. I want to get BAT in the near future too.
kmarc
post Aug 18 2017, 10:29 AM

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QUOTE(AllnGap @ Aug 18 2017, 10:27 AM)
i'm in for a short scalp. cuz i see a lot asking for which coin is cheap to buy....so i'm answering XRP is cheap to buy atm. although it havent break out from the downtrend yet, but selling is thinning
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I see. Great! Hope to see the value go up soon. I'm still waiting for it to reach $1. biggrin.gif
kmarc
post Aug 18 2017, 10:36 AM

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QUOTE(AllnGap @ Aug 18 2017, 10:31 AM)
best confirmation is when break out from the wedge, but selling is thinning....

so maybe next month will explode up ??
user posted image
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Oh, didn't realized it is almost at the bottom.

QUOTE(wengherng @ Aug 18 2017, 10:32 AM)
If I remember correctly, my buy-in price for XRP was around 4 cents.
So, if it goes to $1, I'd be a really happy man. biggrin.gif
*
Me too!!! rclxm9.gif
kmarc
post Aug 19 2017, 10:41 AM

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QUOTE(blueblueoutofblue @ Aug 19 2017, 09:15 AM)
wengherng kmarc

Becoming Bitcoin loan shark

SALT lending

Interesting ... try check it out

Btw, Bitcoin slowly making waves as alternative to people to secure the money

Great Pyramid !
*
Interesting but I don't think we are eligible. Lender needs to be accredited:
https://saltlending.zendesk.com/hc/en-us/ar...ecome-a-lender-
https://saltlending.zendesk.com/hc/en-us/ar...-SALT-Platform-
kmarc
post Aug 19 2017, 10:53 AM

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QUOTE(blueblueoutofblue @ Aug 19 2017, 10:49 AM)
The accredited investor very vague

We are accredited investor also
Through Luno, Polo, bittrex lol
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From the looks of it, it seems to involve a lot of paper work. I guess if one is interested, can always email them.
kmarc
post Aug 19 2017, 03:04 PM

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Polo just added ZRX. Of all the coins to add.....

Have to check out this ZRX later.... hmm.gif
kmarc
post Aug 20 2017, 12:01 AM

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Wow! Dash has gone crazy and shot past 300. Can't even find any news on why it is shooting to the moon. rclxub.gif
kmarc
post Aug 20 2017, 12:54 AM

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QUOTE(wengherng @ Aug 20 2017, 12:22 AM)
To be honest, I think it is just another one of those pump and dump cycles where a group of people just agree on a certain coin and pump it up to a certain level and then let the herd masses pick it up and continue pushing crazily while they start to sell.
It's so predictable, it's almost like clockwork.
We've seen it since the beginning of the year......each time with a different coin.

Historically speaking, though, Dash and ZCash have always been competing with each other neck to neck, and when ZCash went above USD 300 earlier, I was very sure that Dash would get its day.
And now that Dash has spiked while ZCash is down to below USD 200, I have a feeling that ZCash will follow soon.

Purely a gut feeling without any fundamentals or news or analysis whatsoever, so don't quote me on this.
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Same feeling. Alas, I wished I had some BTC in reserve to buy some ZEC. Had been eyeing on that for quite some time. Again, not buying anything at the moment as I am waiting (and waiting... and waiting) for the next bear.

One thing about Dash is that it seems to be also on an upward trend, just like bitcoin. Dips along the way but overall still up.

Monero and LTC looks dead but holding quite strong at current levels. I'm not surprise if they go on an upward trend too.

QUOTE(Flame Haze @ Aug 20 2017, 12:38 AM)
» Click to show Spoiler - click again to hide... «


For those not in the 51 percent group, Todd has called for BTC to crash possibly. MACD indicates a downwards trend and it has been testing the 4100 level multiple times today and keeps falling back to sub 3900s. If we see it fall below 3800 could potentially crash until sub 3300s.

Of course, take it with a pinch of salt and do ur own DD. Don't blindly follow others, no one will be responsible for your investment decisions.
*
Thx for the heads up. Hope to see some bears soon so that I can enter the market again. smile.gif

This post has been edited by kmarc: Aug 20 2017, 12:57 AM

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