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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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thesnake
post Jun 12 2017, 04:23 PM

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QUOTE(raynman @ Jun 12 2017, 04:22 PM)
I got it already.

many thanks!  rclxms.gif

user posted image
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i also just started today. RM 12K but considered as an investment biggrin.gif
thesnake
post Jun 12 2017, 04:34 PM

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QUOTE(WooTz @ Jun 12 2017, 04:28 PM)
That 12k also can order a kickass Ryzen 7 with 1080ti set up and it'll be free after a year plus.

Trust me, only genesis owner gets the cut
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good point, but also need to consider electricity costs as well.
thesnake
post Jun 12 2017, 04:41 PM

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QUOTE(WooTz @ Jun 12 2017, 04:39 PM)
After deducting electricity brother, and hodl those ETH until next year.

Don't want later cry zero payout from Genesis, cause that exactly what'll happen.

We're here to be rich, not helping cloud mining owners get rich.
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good point, something to wonder for other forumers here smile.gif
thesnake
post Jun 12 2017, 04:50 PM

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QUOTE(jack2 @ Jun 12 2017, 04:48 PM)
As what highlighted by Woo, I afraid that too if the payout is stopped and turn to scam.
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i believe after looking at so many scams in the world today, the risk is very real. i am prepared to lose my investments, something that you always need to keep in mind
thesnake
post Jun 12 2017, 05:18 PM

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QUOTE(WooTz @ Jun 12 2017, 05:12 PM)
Story time folks.

Last year January in 2016, a few things happened.

We had a contentious scaling event with Bitcoin, Bitcoin Classic was among one of the solution to address it.

I poured money setting up Classic full nodes, and looked at genesis mining, they mentioned they'll support Bitcoin classic!

I was like great! Let me buy some hashpower to help!

Deposited 0.8 BTC with full intention of not seeing anything back. Then at feb 2016 they 180 degrees on Classic and that was that.

The daily payout only lasted 4 months, and no, forget about getting half of my coins back.

It was like 0.001......0.00001.......0.00000001......then nothing

Poof, bye bye 0.8 BTC

Then I diversified some money, like US$4000 into bnktothefuture, their plan very straightforward.

1/3 goes to cloud mining (haha reality haven't hit back then)

1/3 goes to hodling Bitcoin

1/3 goes to buying up a bunch of Bitcoin related companies

Same story, 0.0001.....0.00001......0.000001 and poof

Only Bitcoin core holding and some shares went up big time, barely covering that $390,000 fcuk up
Any more questions?
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thanks for sharing Wootz, its stories like this help us to rationalize investments to double check to make sure its legit.
thesnake
post Jun 13 2017, 12:46 PM

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guys, im trying to understand how do you want to enter ICOs? is it through their invite?
thesnake
post Jun 13 2017, 01:34 PM

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QUOTE(WooTz @ Jun 13 2017, 01:21 PM)
Only 125 ETH? maybe just put 5 ETH into ICO

Have 1000 ETH? yes
Waste fees only, miners happy
ICO concept is still new, many people experimenting with various ways to satisfy everyone.

By definition, ICO is really just: "Hey guys, we want to build a really good product, here's a demo and our background info, read the whitepaper, join slack and ask away!"

Then they set a date to collect the funds from public, problem is, whales always come and ruin the party for everyone.

So gnosis tried reverse dutch auction, which failed

Now TenX is doing a presale for whales, so that public gets a better chance of getting in on the ICO.

First page guide covers all forms of ICOs, ultimately you need to know what you're buying into, caveat emptor.
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thanks for the insight. My plan is to buy ETH and invest in these ICOs
thesnake
post Jun 13 2017, 01:44 PM

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QUOTE(PrincZe @ Jun 13 2017, 01:36 PM)
directly buy ETH or BTC then convert?
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they request for ETH, u give ETH lor smile.gif
thesnake
post Jun 13 2017, 02:46 PM

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QUOTE(lyrilmaki @ Jun 13 2017, 02:44 PM)
Hi sifu.. I bought a few altcoins at Poloniex.. It is not big amount, but around 2-3k..

Should I send all my altcoins to another online wallets? Or just leave it there at Polo wait for growth.
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I would consider to transfer to Exodus
thesnake
post Jun 13 2017, 09:42 PM

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has anyone convert BTC to ETH directly from Exodus instead of going through Poloniex? is it viable?
thesnake
post Jun 13 2017, 09:49 PM

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QUOTE(raynman @ Jun 13 2017, 09:44 PM)
You will be actually using ShapeShift instead of Poloniex.
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i have actually tried it via Exodus and seems like there are some fees imposed. so unsure if Shapeshift is better or Poloniex interms of fees.
thesnake
post Jun 14 2017, 09:38 AM

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QUOTE(jack2 @ Jun 14 2017, 09:17 AM)
I am using cc to buy it. How to perform withdrawal after that period ends?
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how long do we need to wait if we are using CC to withdraw?
thesnake
post Jun 14 2017, 01:18 PM

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best is just put in 100 M/H lor, rm12k only mah, ppl here monthly salary rm20k what biggrin.gif
thesnake
post Jun 14 2017, 01:19 PM

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guys, im waititng for TenX token sale, is it they only accept ETH? if so how to know what is their minimum rate?
thesnake
post Jun 14 2017, 02:10 PM

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QUOTE(Mali @ Jun 14 2017, 02:04 PM)
wow, u guys throw so much into cloud mining, what gonna happen if eth switch to pos?
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change from POW to POS, any impact on mining?
thesnake
post Jun 14 2017, 02:22 PM

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QUOTE(WooTz @ Jun 14 2017, 02:16 PM)
What a shitshow

https://blog.bitmain.com/en/uahf-contingenc...an-uasf-bip148/

I'm going to standby all coins in exchanges and cash out some in preparation of this scaling circus.

If you want the cheapest Bitcoin and Ether possible, stay tuned. It's coming fast
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any idea when this will be? luckly i havent buy into ETH yet, was waiting for correction since ages ago
thesnake
post Jun 14 2017, 02:59 PM

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how does this effect those who invested in cloud mining?
thesnake
post Jun 14 2017, 08:38 PM

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guys, cant seem to buy x11 contract in Genesis?
thesnake
post Jun 15 2017, 10:12 AM

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QUOTE(lowya @ Jun 15 2017, 10:10 AM)
because the current block chain can only accomodate 1MB data, it will take longer and longer as more transactions goes by, the ecosystem will reach a saturation point or traffic jam, that's the reason there are 2 groups namely - he asian group proposed bitcoin ultimate while the american group proposed bitcoin core, both to upgrade the blockchain to speed up transactions. Nothing comes to consensus so far as it's rather political whose solution is best.

Which will lead to Bitcoin Fork phenomenan when this 2 group split the bitcoin block chains like how Ethereum Classic did. When this happen, there will be a really deep drop, that's what you need to pay real attention, you could either get wiped out, or you could make profit buying it then.
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thats why its best to hold o to your cash and wait for August 1st smile.gif
thesnake
post Jun 15 2017, 10:26 AM

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QUOTE(WooTz @ Jun 15 2017, 10:18 AM)
157,500 PAY tokens secured

I believe I'll get 3 of the limited edition cards as well.

I might sell some at spot if you guys are interested

Rate of 420 PAY per ETH.
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you are indeed a whaler tongue.gif

what ICO is this again?

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