yea, much cheaper on binance it seems

.01%

I recommend converting to LTC as the transaction fees are cheaper. To clarify, there are exchange fees and transaction fees, recommending LTC for lower transaction fees and Binance for lower exchange fees. (nevermind I mentioned GDAX, deleted that part, extraneous info.)

Ok ty. I think my biggest issue at hand is getting coinbase to work for me

So today I am going to setup a mainstream bank account

I see, that should do the trick

I am hoping that is the only holdup

that's too bad about the fee fiasco :[

Can't wait to get on coinbase!!!!, you're welcome, localbitcoins!!!!!!!

Ugh, indeed

sounds like you are getting the hang of it though, hopefully smooth sailing from here

I lost a chunk messing with some weird wallets when I started

Good to hear, lmk if any other questions

Ty very much!

https://amp.businessinsider.com/bitcoin-price-explosion-wall-street-spends-bonuses-2018-1?__twitter_impression=true what do you guys think?

Even if that doesn't actually happen, could we meme a price rise into existance by spreading that article?

With coinbase, when using a bitcoin atm, does it use a qr code to recognize your account? Saw some videos that some work this way, curious on coinbase working the same?

@Deleted User that's the easiest way to do it (might be the only way for that particular ATM) in theory you could type in the whole wallet address if the ATM let's you. In practice though I would mention Bitcoin ATMs five pretty bad rates, very expensive to buy or sell Bitcoin with them

Thanks @ThisIsChris

Just bought my first masternode I'm pretty excited

Hey boys, the WorldCoinIndex just took off some Korean Exchanges from their website, so a lot of Cryptocurrency is DROPPING really hard right now. Just letting you guys know.

I sold all my ripple because of this, will buy some more when Ripple starts going up again.

Freedom isn't free

BTC has been a little funky since futures were introduced, as they've used paper gold to control physical gold for a long time it wasn't the greatest news. The hope is that some new crypto will keep popping up to act as a release valve for manipulation. And when Dimon says "government" he means Jews.

well, naturally

>all crypto will be government controlled
cant control all the nodes and cant break the code to take it away fast enough even with quantum processing speed. only thing to control is exchanges and even then the blockchain ISP will make that irrelevent. privacy coins will obfuscate it even more with ring signature.

that CEO doesnt know jack about the tech he is talking about.

the only way they can stop it now is by shutting down the grid which they wont do.

Who mines Monero here?

i do

just upgraded my setup too

thinking of moving some profits into mining

Don't have enough money to buy a dedicated mining rig, I've seen some people rig up USB coprocessors. Any info on that?

let me give you the skinny on mining. assuming the coin price stays stagnant you will make your investment back in about 1 year 3 months. however the coins always go up more than what they were a year ago, if you want to start mining a different coin because it has become more profitable it works just as well, the parts you buy will have a minimum age range of 5 years (really about 7-8).

have you heard of BURST?

nope

on the USB coprocessors, i dont think they are really that viable imo.

better to save up the 3k for a decent rig to put together

https://www.burst-coin.org/proof-of-capacity

im going to read up on burst. looks like an interesting concept.

https://coinmarketcap.com/currencies/burst/

if it doesnt constantly overwrite bits on free space then it could be really good.

I need to learn more about all the tech, just starting a data structures course which I'll follow with a cryptography and then cryptocurrency course

hasn't stopped me from speculating though, why do you say "if it doesnt constantly overwrite bits on free space then it could be really good." if you don't mind briefly explaining?

I'm currently using a laptop and cooling pad to mine Monero but I think I'll get to work on building a dedicated mining rig over the spring and summer.

Of course it helps that I'm taking computer architecture this spring.

nice

any particular reason why Monero for mining? Besides it being a good coin?

I think that if any other coin has a chance of increasing in value like Bitcoin, it's Monero as it offers something more of value than just "being like Bitcoin".

Namely it offers more privacy

it's a solid one for sure

BTW total newb question but, how do you buy crypto currency with us dollars?

https://www.coinbase.com/ and I'm hearing more about https://gemini.com/ might be cheaper than coinbase

Interesting, Gemini is what the bitcoin futures contracts are based off of, and a lot of brokers use Gemini as a reference point for the "official' price of bitcoin.

I take it you can also sell crypto currency there as well right?

I know nothing of Gemini tbh, checking it out

Yes, coinbase also owns the site GDAX.com which is an exchange with charts and more intracate ways to buy/sell

for altcoins there are a variety of popular exchanges, some I can think of are www.bittrex.com www.binance.com www.gate.io www.huobi.pro www.poloniex.com www.bitfinex.com

Thanks

www.cryptopia.com

I end up using a bunch because some have the coin I want but not another etc etc

How much are you averaging or most spent on transaction fees when sending bitcoin to another address??

I will bite. Sent $5.00 to IE just testing out this as new. And came to $19 something! 😱

So $14 mining fee!?

So BTC is down. Is the whole market down?

Comment from HN https://news.ycombinator.com/item?id=16121434

"Yes, there was extremely wide discussion in 1999 and 2000 about the dotcom party being typically somewhere between fraudulent and a giant bubble. The Buffett side of traditionalists won that argument, by a landslide. In the end, profits mattered, sales mattered, and something a lot closer to a traditional valuations model won out.
There was common discussion about junk dotcoms like TheGlobe.com, DrKoop.com, Geocities and dozens of others, and how they had no actual sustainable business (and often no plan for when they'd develop one). Scient, Viant, Razorfish, MarchFirst, and dozens of dotcom service companies were granted crazy valuations versus existing traditional peers (which is history rhyming re Ripple vs PayPal/Stripe/Square/Ant/etc).

The high burn rates, the lack of business models to actually make money, some that went public with practically no plans for how they'd make money at all, extremely high valuations on the few that were making money, and so on. These things were all very widely discussed, many skeptics were shouting about it, it wasn't popular to give them TV talking time (channels/sites like CNBC et al have a vested interest in pushing exuberence)."

@this_that5553 yes, it's hard to balance optimism and pessimism especially in the short term vs near term. For example, there were signs of a housing bubble in 2006 but the crash in 2008 didn't even dip below 2006 levels so it would not have been ideal to start holding off at that point. Seems the economy has feast and famine periods and you lose a lot if you don't eat during the feast periods. Personally I've dealt with this ambiguity by having already pulled out my initial investment in crypto, only using profits, and I will probably take some of those out soon too

@here I’m ready to buy my first Cryptocoin, specifically Iota. Can someone help walk me through the process?

@Wotan Klan-GA as I understand it most people start by buying Bitcoin and then using that on an exchange to trade for a coin like Iota

@Aldo
[6:27 PM] Aldo: hasn't stopped me from speculating though, why do you say "if it doesnt constantly overwrite bits on free space then it could be really good." if you don't mind briefly explaining?

if it constantly overwrites bits on free space then it will drastically reduce the life of the drive and lead to bit errors.

when you save something to your hard drive it saves it in new space, when you delete something it is still there and the UI shows it as new free space however the computer will continue to write on "true free space" until it no longer can and will start writing on the deleted file free space.

the reason it does it this way is because writing bits on top of bits will reduce the life of the hard drive.

there is a few other things going on as well but this is a very simple explanation. its also the reason you dont want to defrag an SSD

Best XRP wallet? Thoughts?

Potential major strike against the jewish banking system:
https://usethebitcoin.com/arizona-allow-people-pay-taxes-cryptocurrencies/

Crypto speculation is a great way to maybe make money but the idea that it will replace government issued currency is insane. How is anybody even thinking that? I mean, a US law requiring backbone providers to filter out port 8333 and bitcoin protocol is all it would take to shut it down forever. Again, it is fun, make we can make some money. I have been mining since 2013 and i love the algos behind it. Anybody that thinks bitcoin can become money and government 'cant do shit about it' should explain how bitcoin is different from Schrute bucks being currency.

I guess maybe some bros could run wifi p2p network... in the woods... but less than 150 feet apart

Yeah tbh, it’s too easy to lose your life savings with crypto. Maybe somebody will sell crypto insurance though

>some bros could run wifi p2p network
thats literally the idea behind blockchain ISP. there are ways to make it work.

decentralization is the future of the internet

bitcoin just happens to be the first real good thing to come from it

Any of you goys with significant crypto holdings will probably appreciate a little something I whipped up in mspaint after seeing my blockfolio this morning

Haha

yeah what happened, everything halved or quartered this week

https://diegorod.github.io/WillMcAfeeEatHisOwnDick/

BLACK COIN WEDNESDAY!

Im a little nauseous with the sudden and spectacular loss of wealth. lol

debating buying in to Aragon...

I would wait a couple days until all the newbees have sold and stop screaming into their pillows.

There are some good values now but I look at the chart over the last 3 months and, well, we are now in correction mode. You can even see where the whales are interveining to stop the freefall of prices.

Would whales intervene, I wonder? @Max White

@ThisIsChris Right now.. yes.. big players want crypto to stay, and old money wants it dead.

@Max White I've been thinking about this a lot, I think it's bitcoin's biggest problem right now. Bitcoin could use a lot of investment in updating the core software. But who will pay for it? The reason I think it is hard is that there is a freerider problem. Whoever doesn't pay get's to rest on the laurels of whoever does pay. No one wants to be the sucker. I don't know if it's obvious which whales would feel obligated to pay up for needed work. Needed work like solving memchache issues or impementing lightning networks or whatever else

I look at it like this..if Bitcoin really open source.. its now expensive to transact.. new platforms will rise. The only thing keeping Bitcoin alive is that so many poeiple have invested in it, mined it, have many coins, and so on. For me, I would never invest in bitcoin now, The new platforms are around the corner. This is like 1995. I remember it well as an old fag

@Max White ah ok that's where you were going with it. I agree! I think there's a lot of potential in the space but I don't know if there's anything for investors to do at the moment.

BTW, did u hear, George Soros invested into blockchain tech this month.

hmm

Blockchain is legit. Now its about who contols it

is he preparing for the far left to be kicked off of major payment platforms? That's what got me into bitcoin

Its the wild west right now

Anything goes

I'm not sure how any of this works. Someone said on here thar BTC was down so maybe buy. I put $100 in and made $13. Wish me dumb beginner's luck. 😅

I am looking at backbone techs. Ethereum, NEO ext. That is the year long bet

Tech that people have to build upon

smart contracts ect

Blockchain is very interesting tech and great speculative tool. However, no one really has any idea whatsoever what the point of it is. I mean, if you run the blockchain network entirely inside a trust boundary (let's say Cardinal Health for medical records) well then you don't need to waste money on blockchain. Just use public/private key infrastrcture. If you run it as it is meant to run, anonymous nodes in the network what possible guarantees you have that the networks will stay up. You can't build a contract on a platform that you can't contract with, sue, insure, etc.

Zero trading fees on Kraken for the rest of January

@eastern.patriarch >what possible guarantees you have that the networks will stay up

You can run a full node yourself to ensure the network stays up. Also, users and holders are incentivized to run nodes to keep the network running.

>if you run the blockchain network entirely inside a trust boundary (let's say Cardinal Health for medical records) well then you don't need to waste money on blockchain.

Of course. The entire point of the blockchain invention is to solve the Byzantine General's problem, setting up a way so that you can trust information shared between untrusted parties.

@ThisIsChris The software developers are already paid by the few largest companies dependent on the crypto networks, like Coinbase and BitPay. Yes, others do get to ride the investment for free, but the big dogs have enough on the line to justify the investment. Just because other people benefit doesn't take away from the benefit experience by the big dogs. And some of the development issues are a result of controversy, not a result of development labor, and instead solved by competing networks, like BCH vs BTC.

@everyone going to make my first IE donation (albeit small) pretty soon, thanks to #cryptocurrency help I've finally started cashing out some of my currency earnings...

Woohoo! Coinbase is working fine now that I made a new bank acct

HODL

@Volkmom nice!

@Tanner - SC , the contention that you can run your own full node to ensure network uptime is in opposition to the block chain purpose - as you said in your second reply. Running mining rigs is like runnig hair dryers and because you are wasting money on colling the room where hair dryers are running you get to give your self some hair dryer coin [HDCs]. The problem it purports to solve just does not exists in the real word. The entire world operates on trust, how could it not? I mean what possible sector of economy could be trust-free. Ok, I suppose you could have a system of BTC to LTC converters (i.e.) that escrows the transaction but what outside block chain is block chain usefull for? Every example is convoluted, a solution looking for a problem.

Note, I said this before but in the interest of full dicslosure: I mine(d) coins since 2012, i speculate in crypto coins, I am not saying people should not be playing with it or making money with it. If you are living in 2003,4,5,6 you might as well speculate in the housing market. I am just saying that probably not every home is going to be worth 1 billion dollars so don't put your savings at risk because there is a bunch of uncertanty.

Nodes and miners are not the same thing. You can run a node without mining.

The problem it solves does exist in the real world. What application outside of currency is block chain useful for? I don’t know, I don’t spend much time thinking about that, but blockchain tech is very useful for the application of a competing currency.

What are you all finding the average mining cut is when donating bitcoin to IE or another group etc?

I don't know, but Bitcoin has retardedly high fees

@Tanner - SC blockchain decentralizes things. so anything you can think of on the internet can be done in this way. first two things past bitcoin that have had moderate success is a blockchain based social media and, in the word right now, a blockchain ISP.

you dont especially need to use blockchain to decentralize either. torrent already does a that, bitchute implements that.

but decentralizing is the future of the internet

OpenBazaar also works this way

oosh, yeah BitConnect is one of the bigger coins accused of being pump and dump , produced some funny videos from a BitConnect conference in Thailand of this guy https://www.youtube.com/watch?v=NMYIc4gnM-s

https://www.youtube.com/watch?v=kbR1SXIje1U

https://www.youtube.com/watch?v=q-Fe_oUKP3U

Not a pump and dump, but an actual pyramid scheme

Good point

Interesting perspective from a while back https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/

That't can't be true, that guy that lost 500K. No one who has 500K (unless it is lottery winnings i guess) would be dumb enough to do that. 500K into crypto coins haha.

I really hope nobody here is risking anything they are not comfortable losing. Please don't do that. If you have serious money to invest, invest in your health, or property in eastern europe or New Zealand. That being said, once BTC hits 50K it is time to go short MBS-style.

@here just a generic and friendly reminder to not risk money you can't lose. Also that no one here has a crystal ball and unforseen risks can arise.

XRP TO THE MOOOOOOOOOOOONNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN EVERYONE BUY IN NOW!

What Chris said.

Don't buy Tether
https://www.reddit.com/r/btc/comments/7rl2jo/tether_supply_surpasses_2_billion_550_million/

How do we sort out the Tether situation?

I could see it going wrong if everyone sells at the same time

hahaha is this for real? There is a fiat currency built on top of non-existent 'digital' currency build on top of electricty wasting tech that makes gaming graphics card had to get. I can't even tell who is jewing who anymore.

https://www.altcoinss.com/news/news-gdax-will-launch-bch-eur-trading-on-january-24?uid=6621

BTC trickling up since news of successful Lightening Network uses have been coming out. Checkout /r/Bitcoin for more examples like this https://www.reddit.com/r/Bitcoin/comments/7rkunw/lightning_the_future_just_arrived_at_my_doorstep

/r/Bitcoin is heavily censored, I don't trust anything from that sub

That's true, it's a pro-Bitcoin subreddit. That being said, I'm interested in any news that makes any crypto more valuable. Even though there are many alternative cryptocurrencies that introduce improvements over certain features of BitCoin's technology, I am still interested in any improvement to BitCoin's technology because I think investors' biggest concerns are about solutions to scaling problems in blockchain technology and BitCoin's transaction volume puts it at the frontier of needing innovative scaling solutions. If Bitcoin can't scale then we will need to fundamentally rethink if and how to use cryptocurrencies because if Bitcoin can't scale then eventually any other cryptocurrency will have to confront and try to solve scaling problems, with lots of market uncertainty.

Heavy censorship and "pro-Bitcoin" are not the same thing.

Criticism is literally not allowed, shoah'd immediately in /r/Bitcoin

You will not find a comment there that critiques the lightning network.

There is no debate or discussion.

That's unfortunate

@Tanner - SC Is there a website where I can compare fees and transaction times?

Blockchain.info shows that for BTC and BCH, but not others. One might exist for other coins, I’m just not aware of one.

hmmm okay

thanks

@here I try to give a warning a week about risk in investing, instead this week I give you this video. https://www.youtube.com/watch?v=E1xqSZy9_4I

lesson of that vid: hodl

http://www.telegraph.co.uk/news/2018/01/28/britains-first-bitcoin-heist-trader-forced-gunpoint-transfer/

Sad story. Also, so much for Britain's gun control.

https://www.reddit.com/r/btc/comments/7tmedp/coinbase_will_offer_lightningconnected_custodial/

Why the beginning of the end? I thought that was good news?

@Anthony Sealy - MO haha, yeah I heard BTC is cracking the 10k resistence?

posting current setup

using an i7 processor cause i happened to have one but you can add 2 more cards and it would still be under 3k

1070 cards btw

@Deleted User that's awesome man, do you make money with that thing? How much/long did it take to set up?

took me awhile to set up cause first time moving it from a closed case (my original computer) to this. doing it again with all the parts would take me an hour or two. longest part is setting up the case.

The Hodlomor

@Deleted User great pic, thanks! what are you mining?

XMR Monero.

going to only be mining privacy coins and right now xmr is profitable. might go for electroneum in the future.

Come back Internet money. 😥

@micbwilli How's it going?

I lost a little. I only had $100 in. It got up to $140, but now it's $83. It's not a big deal or anything, but it makes me sad that it's going down. Is the bounce back coming soon?

@micbwilli you can't count on any bounce back soon. It could even be years. It has a lot more way down it can still go.

This time last year it was about 1000 dollars

@micbwilli you were wise to only put in money you could afford to lose. I know it sounds weird to say "good job" when someone loses money, but I think by only putting in money you could afford to lose you made a good investing decision, the luck factor of this just didn't play out this time.

Chris ur a cryptocuck

Gambling is inherently white

>he still thinks this is gambling and not just a bull market

@Deleted User I took my BTC and invested it in USD, now I can cash out for twice as much BTC

https://v.redd.it/j5wp0b9rysd01

I'm taking the plunge into cryptos. Just opened a coinbase account and ready to push an inital $1,000 into it (yes, I can assume the risk.) Hold tight while the line trends downward or buy now at dropped prices?

@Argument of Perigee I would buy and sell in fractions. Start with 20%, see where prices go, if you like it you can put in another 30%. Spooked one day? Don't panic, instead sell a fraction of what you have. I find buying and selling fractions of my target amounts to be a good way to manage my investments (and emotions).

Good advice! I've certainly used (and also failed to use) that strategy with other investments. I'll simmer on it while I go for a run now and make a decision on pushing an amount of Jew debt notes for crypto coins. Thanks, Brother!

I pumped it already

no money left to put in

@Argument of Perigee "Jew Debt Notes" lol

Where's the lie?

When's the funeral for BTC?

Ironically the lower price of BTC is solving one of the biggest problems it had: high transaction fees. Since the transaction fees are denoted in BTC, if BTC goes down then the fee is less in terms of dollars

True

I divested from Bitcoin, but I still have altcoins

Which, unfortunately, still depend on Bitcoin

@Jacob yeah that's why I never got into altcoins besides a little ethereum, for any of the altcoins older than a week, 90% of the time their movement was correlated with Bitcoin.

So I just stuck with BTC

Monero was the only alt coin I got into

Still a good concept and seems to be growing (as a project) despite the crypto correction. I saw a headline the other day that Litecoin and Minero are looking to merge.

That could be good for them.

daily reminder when BTC is down always check this site
https://diegorod.github.io/WillMcAfeeEatHisOwnDick/

-0.29% away from the projection of it going to 1mil by the end of 2020

i still think McAfee was a bit high with the prediction of 1mil and should be 500k by 2020 but still this is to show the numbers.

tbh this crash just makes me want to buy more

I will wait for it to stabilize and then throw some in

Do it so mine goes up

No you stabilize it

lol

The point is I want it to go as low as possible, and then invest before it starts to rise again.

and im just sat here, mining away not really buying any.

I'm still sitting on the sidelines watching the chart line drop. I'm eyeing $5,000 as an entry point.

@Argument of Perigee I was thinking the same thing.

I feel like it might be a good evening point, but it could drop back to $1,000, so who knows.

who turned off the money faucet?

((()))

imagine my surprise ^ my whole stacks in an ETH based ICO atm :'[ dist. on 11th hopefully I get 3x returns and then it recovers 😅

.......a couple weeks back the optimists were saying?.......

@Pavel Cristović I'm genuinly not sure what you mean by this post

me either

"the optimists"

This chart btfo's bulls and bears

lol still trying to figure out what is meant here

.........a couple days back the vague meme posters were saying?.........

The chart shows a very clear positive trend, and anyone who bought early enough would have plenty of profit, so, just basing my opinion on the chart alone and nothing else, it would make sense to be optimistic. Of course, that's not really how markets work, so I'm not sure what the point here is.

Alright boys my gen x parents are interested in bitcoin what do I tell them?

Don't invest what you can't afford to lose

Do your own research and make sure you actually understand this stuff to some degree

Wtf with Binance???

I had to get binance bc poloniex stopped trading steem

And it's not allowing me to withdraw my LTC to Coinbase without enabling two factor id,

But the only options they offer don't work with a brand new Apple laptop????

Anybody think BTC will go back up anytime soon?

It's about time for me to pull some coin as I've been planning to do, but I heard tell it's hit bottom and may go up so I'm not sure if I should just pull now as I planned or hold for a bit.

imo it's going to go up. whether it goes up next week or in 3+ months, that's anyone's guess

@sigruna14 I *think* it'll go up eventually, but I'm not really the guy to give advice

Also, I divested from Bitcoin and now only own altcoins

Bruh....

@sigruna14 No one really knows. Best bet is to review how low the dips went after previous surges. Usually after a 60% drop, that’s the full bottom.

Long-term, I’m optimistic for crypto growth.

@Volkmom 2-factor is not supposed to be based on your laptop, it’s supposed to be based on your smartphone. On iPhone, I use FreeOTP

I could use some growth 😨

@Tanner - SC ty

What do you all think about LTC right now???

Well, the founder of LTC sold all of his.

And I don’t see any significant competitive advantage for it.

I noped out of it so hard when the founder sold his

I found this a while ago but forgot to post:

Some guy made an open source cryptocurrency trading bot:
https://gitlab.com/metaperl/surgetrader

GDAX has an API too so you can probably hook that up instead of Bittrex