#cryptocurrency (Discord ID: 393499059752796160) in MacGuyver - Skills & Academics, page 4
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What coin is predicted to gain atm??
I wonder how long the transaction times would be on those machines
Not a surprise. Crypto has the potential to undermine involuntary taxation. Of course big government has to try to control it.
Glad I stuffed all my BTC into XMR on Monday. Looks like that will be the best damage control and defense against bureaucrats.
I hate how the SEC knows 100% of what I’m trading, but I don’t know how I should properly file the tax return. You already know, why do I have to do the paperwork?
@Justice - WI why xmr? I'm out of the loop. Guys I have litecoin and that's it right now, what do you think?
I hate seeing it go down but I thought it was predicted to sail this year, I suppose all in all it is going up still though
@Volkmom XMR was gaining on BTC for a while. The more governments try to mess with crypto, the more untraceable currencies like XMR will prevail.
Plus my mining rig does better on cryptonight algorithms.
I recommend you put a little on Binance and learn candlestick charts. You can gain a lot just by watching.
Any recommendations on how to get into Monero (how to acquire, store, etc.)?
@Jacob You can try to cut your losses by playing around with alt coins at the very least.
oh I'm only in alts
🅱itcoin gonna die
@Argument of Perigee Take your ETH, or BTC and put it on Binance and trade for some. It's really easy.
What about storage?
@Argument of Perigee It's not recommend to store on an exchange but I haven't heard of Binance having any problems.
Unlike other exchanges, the app is really streamlined.
Just use the official Monero wallet?
Ledger Nano S doesn't support XMR.
The official full node one takes an extremely long time to sync the first on a PC. Like 2 days. But very secure.
I'm interested in holding, but I don't mind being able to take some gains out here and there to help pay bills, as strange as they may sound.
So maybe keeping some $ in something that's likely going to gain longer term and also using some to trade for quick gains is what I'm looking for
Alt coins with the exception of successful ones like Monero probably aren't your thing then.
I don't think BTC or ETH are going anywhere any time soon.
Well for a while there LTC was doing both for me
Idk I still have a lot to learn
You could do a little trading between the main ones on places like coinbase. They're all pretty stable. To do alt coins trading (pump and dump) there's a lot of babysitting involved.
@Argument of Perigee another option to get XMR is to use shapeshift.io
XMR is losing bad against BTC right now. But it has always fluctuated between 190 and high 300's. Really all I'm doing is trading between XMR and BTC as all cryptos are in a slump.
Hey goys, I'm new to crypto and looking to set up a BTC wallet. Any of you use Coinbase? If not, what do you recommend?
@NuclearReactionary yeah I think CoinBase is the way to go, and then you get an attached GDAX account which is where most investment-style trading occurs (GDAX is run by Coinbase)
Ok, @ThisIsChris , thanks. I was a little confused when I read the pinned posts: “Do not trust any online wallet service”
But Coinbase looks pretty trustworthy and powerful
Coinbase is the only one I trust and recommend to new people. And like Chris said, GDAX is for the next level, also trustworthy.
If we're talking large positions of cryptos (thousands of Dollars), you will probably want to look into a hardware wallet like Ledger Nano S or TREZOR.
Thanks! I’ll go with Coinbase then!
There are a few BTC ATMs in San Jose. Also there is a website called localbitcoins.com that you can connect with buyers and sellers in person through.
You can make a paper wallet too.
Whatever you do, don't send crypto to any person or website in the alt right directly from Coinbase. People are being banned for sending crypto to people like Chris Cantwell or Andrew Anglin.
Coinbase will ban you for buying kleenex. Always transfer to private wallet first before spending.
It’s either time to cry or time to buy.
thank God I sold
I still have a lot of other stuff that dropped too though lol
Where is the major demand for cryptocurrencies coming from these days?
^ Just increased my positions 300% because of this chart.
move over JNUG
So is crypto fucked?
@Jacob for the near term... My absolute guess is yes. Though I heard there are some Bitcoin ETFs coming out, which may help a little. Kinda like how Bitcoin Futures basically built up the last bubble.
@here is everyone using FIFO for their taxes on cryptocurrency gains/losses?
I still have to figure that out.
I put money in but I didn’t really take any out
I don't know much about bitcoin and cryptocurencies, but I do know that if you are going to use them to make the down payment on a house, when taking out a mortgage, then you need to wait a few months for your money to season after you converted your BTC into USD and deposited into a bank account, otherwise your lender might not approve the redeemed BTC as a qualifying asset.
What are the Jews up to now
This means we should buy, right?
lol no way I'm actually paying taxes on crypto
Originally Coinbase, then Binance
They're definitely going to know about the coinbase stuff, maybe not the binance stuff. But coinbase will have a record of you purchasing the bitcoin and sending it somewhere.
@NuclearReactionary that's interesting. Cryptocurrencies were literally the only market open for traders who wanted to react to the Syria bombing.
I simply don’t know enough about this stuff
BCH up 20% in a week, I wasn’t done buying!
My holds doubled the past several days.
I'm still avoiding looking at prices
Wise, I should have listened to that advise. I made a few day trading mistakes I really shouldn't have made.
@TheVar - SC happens to most of us, best thing is to analyze carefully what you did wrong so you don't do it again in the future
@NuclearReactionary Yeah I am serious. When a major event happens a lot of people go to the markets to trade on the new information. They may trade stocks, oil, gold, currency, it all depends what happened. But just about every market in the world is closed from 5pm EDT Friday (When the US Futures Market closes) until 5pm EDT Sunday (When the Sydney Stock exchange opens). The only thing that is available to trade over the weekend is cryptocurrency (since it doesn't actually require any coordinated exchanges to be "open" so to speak).
Stop, I haven’t finished buying to my target coin count yet:
82% in a week!
it about to crash or what? haha
I keep hearing that May will be a big month for BTC
I kept hearing that March would be a big month
Best not to get too excited about anything
97% in one week, c’mon
I know I’m so pissed!! I was considering buying 3 when BTC was at $600, I bought more Etherium instead at $400.
Good buys regardless
If you're into Bitcoin Cash, I respect that, but, this is worrying...
“It would be nice to keep the blk*.dat files small as long as we can. The eventual solution will be to not care how big it gets. But for now, while it’s still small, it’s nice to keep it small so new users can get going faster. When I eventually implement client-only mode, that won’t matter much anymore.”
“Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial.”
The 1 MB block size restriction was supposed to be temporary from the beginning, it was never meant to be permanent.
I think the issue is more about intentionally creating confusion
666, the devil brings good profits
Do you think we have enough people invested into the market to fluctuate prices in our favor? For example, we get 1000 people to purchase 2 Etherium at once to jack up the price, then we sell. I know we don’t have 1000 people that can do that at the moment, but hypothetically, as we grow do you think that would be a viable plan to manipulate the market in our favor?
Not sure on legality of doing such things sooo be careful
It's hard enough to get a few IE members to upvote a Reddit thread
usually there's no prospect of making money in upvoting either though
Sure, but it's .5 seconds of work to benefit the movement
hey, I upvote the stuff, I'm just saying some incentives can feel more distant than others and need more convincing 😅
Yeah, I think there’s much more incentive in pumping and dumping markets collectively. Also, I wouldn’t doubt if other groups are doing it to benefit themselves.
Which is why we see days like today in the crypto markets.
There's more incentive, but more work
Does anyone know about Ice Rock ICO? It seems like a reliable passive income for a small investment.
BTC proponents continue to censor BCH.
BTC creeping over 9k again
I recommend iPhone users looking for a crypto wallet app (for storage and sending, not necessarily for buying and selling) to use BreadWallet. https://itunes.apple.com/us/app/brd-bitcoin-wallet/id885251393
It’s been around since the early days of BTC, has had zero issues concerning trustworthiness, supports multiple cryptos, and is easy to use.
Bread is cool, I used luxxstack
I just kinda put my crypto away and forgot about it. I rarely check it. Hopefully it shoots up eventually.
How are you all feeling, lately?
I feel like it'll never go back up
Logically, it probably will
But I don't feel like that
I bought BCH twice today. I’m stoked to see prices that begin with “6” again.
Everybody is depressed about crypto, I hope it stays that way for another year.
Google now shows BCH price:
I’m not done buying yet, go back down!
@Jacob did you pray for crypto price increase or something? You’re praying too hard, I’m trying to buy while it’s cheap!
I want an increase, but...
at the same time, might be nice to get a few paychecks first
halp, whats up with Litecoin?? I've been sitting patiently on my LTC, what to do??
well uhh the founder sold his a long time ago
I don't trust it
Is there another alt coin you'd recommend right now?
I believe BCH is the only coin worthwhile.
I'm kinda scared to make recommendation, but I will say this
There are people with many different points of views. A large contingent hates BCH, some like it. You should listen to both.
If Tanner is wrong about BCH
I will be a very sad.
Don't blindly trust him
This is not about him personally
Don't blindly trust me either
You can find someone willing to shill you any coin
I converted 100% of my BTC to BCH when the fork happened (August 2017) and I have not sold one. I am very much convinced that BCH is the future.
Search this channel for “BCH” to see my previous arguments in favor of it.
I started reading about BTC in 2011 and purchased in 2012.
If you use my Coinbase referral link and spend $100 we both get $10
I have a pretty even split between Etherum and BCH. Happy with it.
Last time Bitcuck was that cheap I said...naw...time to buy big
Wednesday marks the 1-year anniversary of the BCH fork 😃
The lead bitcoin programmer takes a stand:
From what I remember he has/had a huge role in the Bitcoin Foundation. Do they have an official position on BTC vs BCC?
I haven't looked.
Stephen Molyneux predicted the Blockstream takeover of Bitcoin in 2014. He was right.
Wish I watched him then 😅
>when normies think I'm on suicide watch cause crypto crashed but I'm actually buying even more
I just switched my bank from an online-only to BB&T (16th largest in the country) and wow, it is an improvement.
* Registering with Coinbase was instant because a bank this large has working relationships with everyone. No need to wait 5 business days for 2 verification deposits of five cents.
* The crypto purchase was available in my account instantly, again due to the close working relationships. I used to have to wait 7-8 days for the ACH to clear before I had control of my crypto.
* This bank is compatible with Zelle, making payments to Identity Evropa much easier.
Stefan Molyneux's video from 2014 that predicts Blockstream takeover of Bitcoin, is set to private by YouTube and locked.
wow that's nuts
BCH stress test is today! It's intentionally sending thousands of transactions to prove that large block sizes work and that the network can scale.
Thus far today, we have proven that the BCH network can support 15x the number of transactions per second as the BTC network.
This is big
26% in one day is insane. I wasn’t done buying.
@ThisIsChris What do you think of taking advantage of pump and dump groups? I don't mean using them as intenteded, I mean figuring out the pattern that they cause.
For example, wait for the dump, and buy during or after the dump for cheap coins
Or sell during the pump
@Jacob That's not a bad idea, a guy named Timothy Sykes does this kind of thing with Penny Stocks which is almost the same thing, check it out: https://www.timothysykes.com/penny-stocking-101-how-to-get-started-with-penny-stocks-chapter-9/
Do not pump and dump. Do not buy penny stocks. Do not invest in things you do not understand. Do not gamble.
penny stocks are risky af
I'm not pumping and dumping
I would be doing the opposite
Taking advantage of the group
Don’t be so sure of your ability to know the timing of the up and the down.
“A fool and his money are soon parted.”
Being able to predict the moment some huge buyer sells seems very difficult.
I'm not just gonna throw my life savings into it after 5 minutes of research
No, no, I get you, just saying though.
do you trade or just do crypto?
so far I've just been buying and holding
so uh when is this shit gonna got to the moon?
I thought you were the guy that knew when the bottom happens and the top.
Yale University Invests In $400 Million Crypto Fund http://feedproxy.google.com/~r/zerohedge/feed/~3/CHSz5EnNPl4/yale-university-invests-400-million-crypto-fund
Does this mean anything?
I mean, it sounds like people see a promising future in crypto I guess
I thought they were sinking it, in part because of our movement. I don’t know if Yale is a good barometer, though.
from what I understand it's getting adopted everywhere, but I don't follow it that closely
best ask someone more cryptosavvy
^Using blockchain to fund startups
One somewhat concerning thing though: whenever I see in the news a major institution getting into blockchain technology, they don't go on to say they are actually getting into Bitcoin or any of the other cryptocurrencies that are already out there. Instead they are looking to use the ideas of blockchain technology but not neccessarily any particular implementation out there. That makes holding any particular cryptocurrency a risky(-er) proposition.
@ThisIsChris this article doesn’t talk about blockchain, it talks about the crypto currencies themselves.
That said, companies that talk about getting into blockchain often don’t understand the purpose of a blockchain and nothing ever comes of the project. Currency is one of very few applications where a blockchain is worthwhile.
Holding a particular crypto is the only sensible move, IMO.
@Tanner - SC nice! I missed that part, I skipped to the Fidelity Labs thing
Just because some people with money are throwing it at blockchain projects does not mean they will usurp the top crypto currencies. That’s placing far too much faith in figures of authority and far too little in the invention of bitcoin itself.
Explaining the BCH hard fork:
• “Bitcoin Unlimited” software developers are releasing a fix for the most **pressing** bottleneck in BCH’s transaction capacity
• “Bitcoin ABC” software developers are releasing a fix for the most **complex** bottleneck in BCH’s transaction capacity. One that won’t be experienced for more than a year from now. Doing it now because later on that will be near impossible.
@Tanner - SC it seems straightforward to fork a blockchain, but is there any way to merge them?
@ThisIsChris No, hard forks are permanent. Once hard forked, different accounts have different balances of currency in them.
From reddit <https://reddit.com/r/btc/comments/9uo4ti/above_600_now/>:
> I'm afraid it's a pump and dump spike based on the fact that there may be a hard fork. The BTC/BCH fork in August 2017 has given a lot of investors the hope that that may happen again.
During the BTC/BCH fork, users who held BTC received essentially “free” BCH that they could sell and therefore end up with *more* BTC.
Just got caught up on some of the discussions here. Nice to see some fellow BCH people @Tanner - SC