Punching Bag Posted August 22, 2017 Share Posted August 22, 2017 Meadcoin much better Better than titcoin? Quote Link to comment Share on other sites More sharing options...
Augie Posted August 22, 2017 Share Posted August 22, 2017 Yup meadcoin will be worth millions But do you have to start with billions? Quote Link to comment Share on other sites More sharing options...
Punching Bag Posted August 22, 2017 Share Posted August 22, 2017 But do you have to start with billions? No just have ingredients for stromboli. Quote Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted August 22, 2017 Share Posted August 22, 2017 But do you have to start with billions? No. But you need a giant Tesla Coil on island in Nunavut... Away from prying eyes & cold enough to cool the supercomputers mining the MeadCoin. Quote Link to comment Share on other sites More sharing options...
Augie Posted August 22, 2017 Share Posted August 22, 2017 only need $3.00 to get one Is that for the Stromboli it comes with? Quote Link to comment Share on other sites More sharing options...
Canadian Bills Fan Posted August 23, 2017 Share Posted August 23, 2017 1 BTC = $1,000,000,000,000,000,000,000,000 Canadian so no CBF Quote Link to comment Share on other sites More sharing options...
4merper4mer Posted August 23, 2017 Share Posted August 23, 2017 1 BTC = $1,000,000,000,000,000,000,000,000 Canadian so no CBF So $0.12 American? Quote Link to comment Share on other sites More sharing options...
Canadian Bills Fan Posted August 23, 2017 Share Posted August 23, 2017 So $0.12 American? Precisely CBF Quote Link to comment Share on other sites More sharing options...
mead107 Posted August 31, 2017 Share Posted August 31, 2017 Bring your money to the opener Quote Link to comment Share on other sites More sharing options...
Foxx Posted October 29, 2017 Author Share Posted October 29, 2017 (edited) a bump for those who were discussing Bitcoin in the shoutbox. Bitcoin is currently 6K+. when i started this thread, it was $1200. a gain of roughly 400% since April. it will probably peak around $6888 before a retacement to establish a base before it is off to 5 figures. Edited October 29, 2017 by Foxx Quote Link to comment Share on other sites More sharing options...
Tcali Posted October 29, 2017 Share Posted October 29, 2017 cripe 5 figures.... Quote Link to comment Share on other sites More sharing options...
phypon Posted October 29, 2017 Share Posted October 29, 2017 Foxx, Thanks for bumping this. Do you trade or are you a long term investor? I've been trying to do trading rather than simply "hodl'ing". How deep do you think retracement will be? Quote Link to comment Share on other sites More sharing options...
BillsFan4 Posted October 29, 2017 Share Posted October 29, 2017 Hey Foxx, did you say that you mine bitcoin? What kind of equipment & graphics card are you using to mine bitcoin, if you don't mind me asking? Do you need a ridiculous setup for it to be profitable? Is it even worth trying with a CPU and high end graphics card? Or do you need a FPGA or ASIC? How hard is it to make a profit mining bitcoin these days? I heard it's tougher now. I've been thinking of trying to start mining them myself, but I'm relatively new to all of this. Would I be better off with a different crypto currency? Ethereum maybe? I'd love to get into the bitcoin because they just keep going up... Quote Link to comment Share on other sites More sharing options...
Foxx Posted October 29, 2017 Author Share Posted October 29, 2017 (edited) cripe 5 figures.... that is late this year/early next year. the end of '18.... can you say 6 figures? Foxx, Thanks for bumping this. Do you trade or are you a long term investor? I've been trying to do trading rather than simply "hodl'ing". How deep do you think retracement will be? i do both, phypon. i have a percentage that i hodl that will never leave my hands. i also have a percentage that i trade in and out of along with other coin. other coin being Ethereum and Litecoin. i am also diversified into tokens, of which again, i hodl a great percentage and a smaller percentage i trade into and out of. you have to be very careful with the crypto tokens though, 95% of them will not be around in a year. this is an emerging market so it is not really regulated as yet. as always with any of my comments, this is not to be considere financial advice. it is merely my opinion and your due diligence is required. Hey Foxx, did you say that you mine bitcoin? What kind of equipment & graphics card are you using to mine bitcoin, if you don't mind me asking? Do you need a ridiculous setup for it to be profitable? Is it even worth trying with a CPU and high end graphics card? Or do you need a FPGA or ASIC? How hard is it to make a profit mining bitcoin these days? I heard it's tougher now. I've been thinking of trying to start mining them myself, but I'm relatively new to all of this. Would I be better off with a different crypto currency? Ethereum maybe? I'd love to get into the bitcoin because they just keep going up... i don't mind the questions, in fact i encourage them. yes, i mine. my mining operation has grown over time. somewhere back in this thread i posted some old pictures of ASIC equipment that i mine Bitcoin with, you'll have to search through it to find it. with the difficulty of Bitcoin being so high now, the only profitable way to mine it is with ASIC's. i say that and it is with the current price of Bitcoin in mind. if Bitcoin goes completely nuts and does the moonshot, any form of mining will ultimately prove profitable. keep in mind that if you use GPU/CPU to mine Btc with, it will cost you in the interim. with ASIC's, there are basically three different algo's to mine. SHA-256, Scrypt and X-11 SHA-256 is Bitcoin and various assorted others. Scrypt is Litecoin and various assorted others. X-11 is DASH and various assorted others. Ethereum will soon be going to a POS so any money invested into mining equipment will soon be lost. well, not totally lost, but you will no longer be bale to mine Ethereumwhen Casper gets fully implemented. Edited October 29, 2017 by Foxx Quote Link to comment Share on other sites More sharing options...
phypon Posted October 29, 2017 Share Posted October 29, 2017 Thanks for the reply. Totally get the not financial advice stuff. I don't get to talk to too many people about crypto so it's nice to have someone to learn and bounce ideas off of. When you trade, if you don't mind me asking, what indicators do you feel are the most important to look for? I've been doing some research on indicators such as moving averages and stochastics. I use tradingview to view charts as I'm trying to learn more about chart reading/understand to see trends or indications of where the market "may" be leaning. I also setup a couple of rigs for mining. So far, I've mined siacoin, monero and eth. The eth difficulty level dropped quite a bit with the eth fork so I'm mining that now. It doesn't yield too much per month though. Pays for my electric bill and a $100 to $200 extra per month if I don't hold the coins. Thanks! Quote Link to comment Share on other sites More sharing options...
Foxx Posted October 29, 2017 Author Share Posted October 29, 2017 (edited) Thanks for the reply. Totally get the not financial advice stuff. I don't get to talk to too many people about crypto so it's nice to have someone to learn and bounce ideas off of. When you trade, if you don't mind me asking, what indicators do you feel are the most important to look for? I've been doing some research on indicators such as moving averages and stochastics. I use tradingview to view charts as I'm trying to learn more about chart reading/understand to see trends or indications of where the market "may" be leaning. I also setup a couple of rigs for mining. So far, I've mined siacoin, monero and eth. The eth difficulty level dropped quite a bit with the eth fork so I'm mining that now. It doesn't yield too much per month though. Pays for my electric bill and a $100 to $200 extra per month if I don't hold the coins. Thanks! i like and use Bittrex. though that is really a crypto exchange. they have 'tools' that let you do your own charting in whatever style you prefer. indicators are always a difficult thing to decipher. i prefer not to talk about that as i do not want to be responsible for influencing anyone one way or another. what i would like to talk about though (and perhaps this is better placed in the 'Cryptos' thread but it is applicable here as well), is the pairing ratio aspect of cryptos. the tough thing to do, is to stop thinking in terms of fiat. though you can do that as well but you most certainly have to transform the way you view the value of cryptos if you are trading. lets say i hold BTC and my basis for BTC is $2000. i take 1 BTC and invest it into the SALT ICO. that would give me 1334.33 SALT. the fiat basis for my entry into SALT was at the $1.50 fiat level. this would give me a crypto valuation of 0.0007494397937542 BTC per SALT. now with BTC being $6000 per BTC, those numbers change dramatically. SALT is now trading for roughly $3 per SALT. fantastic you say, that is a 100% increase from my buyin basis. well, not really. in terms of the crypto pairing you really have lost fiat. if you still had that 1 BTC you invested in SALT, it would have appreciated 300%. with the cryptoverse, you are banking on the crypto pairing value out pacing the fiat value of whatever your investment vehicle was. Edited October 29, 2017 by Foxx Quote Link to comment Share on other sites More sharing options...
Foxx Posted November 2, 2017 Author Share Posted November 2, 2017 Bitcoin shot right through the $7k level today. it's intraday high was $7299, about 7am Edt. it has sloshed back and forth a bit and is now hovering around the $7k mark. 5 figures here we come! Quote Link to comment Share on other sites More sharing options...
dayman Posted November 6, 2017 Share Posted November 6, 2017 They need a Visa that can spend most alts and change between alts instantly with a click on your phone. That is the short term game changer for early adopters. I could live at a fraction of the cost each month (pay w/ credit earning points if down and pay that off with bit card when up). Quote Link to comment Share on other sites More sharing options...
Foxx Posted November 6, 2017 Author Share Posted November 6, 2017 (edited) they have that already, Centra TenX also, UPToken is doing the ATM thing. i don't know if they will succed though, they want too much of a percentage for a transaction. there is also a lending alternative. SALT, which has mainstream players involved such as Goldman Sachs had their ICO not long ago and should have their beta out soon.' these are first movers in the space so they have an advantage at succeeding. Edited November 6, 2017 by Foxx Quote Link to comment Share on other sites More sharing options...
row_33 Posted November 6, 2017 Share Posted November 6, 2017 A few friends with skin in the game are always crowing about it, a few who refuse and are in the game say it's going to collapse instantly some day soon. I'll sit on the sidelines and watch, my trust is more with the latter grouping. Quote Link to comment Share on other sites More sharing options...
Foxx Posted November 6, 2017 Author Share Posted November 6, 2017 (edited) lol, it's not going away anytime soon. they said the sam thing about the internet at one time.... Edited November 6, 2017 by Foxx Quote Link to comment Share on other sites More sharing options...
TheElectricCompany Posted November 6, 2017 Share Posted November 6, 2017 6 hours ago, Foxx said: lol, it's not going away anytime soon. they said the sam thing about the internet at one time.... I don't think cryptocurrency is understood by the masses, and that fuels the "it will collapse soon" narrative, regardless if it's true of false. Quote Link to comment Share on other sites More sharing options...
row_33 Posted November 7, 2017 Share Posted November 7, 2017 Because the internet survived it means everything else will? Quote Link to comment Share on other sites More sharing options...
Foxx Posted November 25, 2017 Author Share Posted November 25, 2017 (edited) 25 minutes ago, mead107 said: Still have a few Meadcoins left when I started this thread, BTC was $1200. today it is at $8219. an increase of almost 600%. where else would you have gotten that kind of return? next stop... 5 figures by '18. mark it down. Edited November 25, 2017 by Foxx Quote Link to comment Share on other sites More sharing options...
plenzmd1 Posted November 25, 2017 Share Posted November 25, 2017 On 11/6/2017 at 5:19 PM, TheElectricCompany said: I don't think cryptocurrency is understood by the masses, and that fuels the "it will collapse soon" narrative, regardless if it's true of false. I pride myself on keeping up with trends, especially tech trends, but I readily admit i don't understand bitcoin 51 minutes ago, Foxx said: when I started this thread, BTC was $1200. today it is at $8219. an increase of almost 600%. where else would you have gotten that kind of return? next stop... 5 figures by '18. mark it down. this is why I am going to start doing whatever I can to understand! Just as a word of caution, valuation does not equal worth.as mention, i have no clue on this stuff, but tulip bulbs once fetched $1200 a piece, not that the intrinsic value was ever there Quote Link to comment Share on other sites More sharing options...
Augie Posted November 25, 2017 Share Posted November 25, 2017 (edited) 7 minutes ago, plenzmd1 said: I pride myself on keeping up with trends, especially tech trends, but I readily admit i don't understand bitcoin this is why I am going to start doing whatever I can to understand! Just as a word of caution, valuation does not equal worth.as mention, i have no clue on this stuff, but tulip bulbs once fetched $1200 a piece, not that the intrinsic value was ever there But tulips are quite lovely and I plan to plant some bulbs when it’s time. My wife loves them. I’d split your investment between the two. There may be a comeback? That bulb bubble was maybe the silliest ever? But at least you got something real..... I won’t put down anything I️ don’t understand. DARN! Why is the “I” thing messed up AGAIN? Edited November 25, 2017 by Augie Quote Link to comment Share on other sites More sharing options...
Foxx Posted November 25, 2017 Author Share Posted November 25, 2017 (edited) 18 minutes ago, plenzmd1 said: ... I am going to start doing whatever I can to understand! ... one of the very first things you need to do is to forget a fiat valuation. it is imperative that you start to think think in a crypto valuation. fiat valuations are only good for getting into and out of crypto and other than that, they are meaningless inside the cryptosphere. understand what i am saying here... fiat valuation is currently important because most of the world revolves around the USD and it's worth as a global reserve. however, what I am telling you is that as the world transistions it will be very important to understand valuation in crypto terms. worth... you can't afford to not get involved. this is the last stages of the innovators phase. the next phase is to be the early adopters. after that... all hell breaks loose. 11 minutes ago, Augie said: But tulips are quite lovely and I plan to plant some bulbs when it’s time. My wife loves them. I’d split your investment between the two. There may be a comeback? That bulb bubble was maybe the silliest ever? But at least you got something real..... I won’t put down anything I️ don’t understand. DARN! Why is the “I” thing messed up AGAIN? something real? Shirley you aren't referring to all those 1s and 0s that your bank has in it's privately held ledger are you? you know, the privately held ledger that they add to by creating those 1s and 0s out of thin air. not that real thing, right? Edited November 25, 2017 by Foxx Quote Link to comment Share on other sites More sharing options...
Augie Posted November 25, 2017 Share Posted November 25, 2017 Warren Buffet understands Dairy Queen. I get that concept too. Quote Link to comment Share on other sites More sharing options...
plenzmd1 Posted November 25, 2017 Share Posted November 25, 2017 6 minutes ago, Foxx said: one of the very first things you need to do is to forget a fiat valuation. it is imperative that you start to think think in a crypto valuation. fiat valuations are only good for getting into and out of crypto and other than that, they are meaningless inside the cryptosphere. understand what i am saying here... fiat valuation is currently important because most of the world revolves around the USD and it's worth as a global reserve. However What I am telling you is that as the world transistions it will be very important to understand valuation in crypto terms. 4 I am going to PM you tomorrow, sleepy tonight, and will gladly pay you in fiat valuations for a lesson in crypto valuation, and yes I am serious. Quote Link to comment Share on other sites More sharing options...
Augie Posted November 25, 2017 Share Posted November 25, 2017 3 minutes ago, plenzmd1 said: I am going to PM you tomorrow, sleepy tonight, and will gladly pay you in fiat valuations for a lesson in crypto valuation, and yes I am serious. If you can dumb it down and translate for me, I’m open to learning. Quote Link to comment Share on other sites More sharing options...
Foxx Posted November 25, 2017 Author Share Posted November 25, 2017 (edited) FOMO and FUD are two very real things that will rock your world. the first you have to understand what it is and why your experiencing it. the latter, you have to understand what it is and why your experiencing it. as with any speculation, you should only put in what you are completely comfortable losing. do not put your house mortage payment in because of FOMO, you will lose. 4 minutes ago, Augie said: If you can dumb it down and translate for me, I’m open to learning. as i have since i started this thread, i will try and answer, to the best of my abilites and knowledge, any and all questions. there are no dumb questions, only stupid answers. Edited November 25, 2017 by Foxx Quote Link to comment Share on other sites More sharing options...
BuffaloBill Posted November 25, 2017 Share Posted November 25, 2017 On 11/2/2017 at 6:29 PM, Foxx said: Bitcoin shot right through the $7k level today. it's intraday high was $7299, about 7am Edt. it has sloshed back and forth a bit and is now hovering around the $7k mark. 5 figures here we come! To me it is a speculative market. In a way all currency, options, commodities, stocks or bonds are speculative. However in the latter the markets and rules, formal or informal, are for more developed. Personally, I’d much rather invest in more established markets. Quote Link to comment Share on other sites More sharing options...
Foxx Posted November 25, 2017 Author Share Posted November 25, 2017 8 hours ago, mead107 said: Who started bitcoin and what backs it up or is it really meaningless and just floating around on internet? Satoshi Nakamoto created Bitcoin. who he is, is not really known. he has never been seen and disappeared shortly after Bitcoins creation. it has been speculated, by some that Nakamoto was really Alan Greenspan. i don't know if we will ever really know he is is/was. the wallet with the genesis block contents, assumed to be Nakamotos, remains untouched to this day. what backs bitcoin is ultimately the same exact thing that backs the USD. faith (in the USD case though, to be sure ,the threat of voilence is equally backing it). it could be argued and quite convincingly i might add that, the USD is really meaningless and just floating around on the internet. Quote Link to comment Share on other sites More sharing options...
billsfanmiami(oh) Posted November 26, 2017 Share Posted November 26, 2017 21 hours ago, Augie said: If you can dumb it down and translate for me, I’m open to learning. Ditto. I remember thinking a few years ago that this whole thing sounded completely insane. Now you see stuff about major financial outlets offering bitcoin futures. I still don’t fully understand it, but I’m definiely intrigued by it and am open minded. Would definiely like to be edumacated on it some more. Quote Link to comment Share on other sites More sharing options...
Augie Posted November 26, 2017 Share Posted November 26, 2017 I’m open to learning. I’m generally curious. But I seriously doubt I’m open to Bitcoin. We are pretty conservative, both coming with financial/wealth management backgrounds. Quote Link to comment Share on other sites More sharing options...
Foxx Posted November 26, 2017 Author Share Posted November 26, 2017 (edited) 10 hours ago, Augie said: I’m open to learning. I’m generally curious. But I seriously doubt I’m open to Bitcoin. We are pretty conservative, both coming with financial/wealth management backgrounds. if you really are open to learning, you will find the following enlightening. keep an open mind and listen to the entire thing. Bitcoin just hit it's ATH overnight, $9100. Edited November 26, 2017 by Foxx Quote Link to comment Share on other sites More sharing options...
BeginnersMind Posted November 26, 2017 Share Posted November 26, 2017 Places you might not want to get your investing advice? Twobillsdrive. 1 Quote Link to comment Share on other sites More sharing options...
Foxx Posted November 27, 2017 Author Share Posted November 27, 2017 2 hours ago, BeginnersMind said: Places you might not want to get your investing advice? Twobillsdrive. right. who in their right mind would want a return of over 600% since April. crazy talk! Quote Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted November 27, 2017 Share Posted November 27, 2017 25 minutes ago, Foxx said: right. who in their right mind would want a return of over 600% since April. crazy talk! Not everybody. Its like a pyramid. More get in, few on top win. No thanks. I will labor & toil the old fashioned way... With axe and shovel. Quote Link to comment Share on other sites More sharing options...
PolishDave Posted November 27, 2017 Share Posted November 27, 2017 My question is who thinks that the USA and all other major countries are not going to outlaw all of the popular and unregulated cryptocurrencies? Won't they be forced to? And what is that going to do to the value of those cryptos? And within what time frame are these countries going to actually outlaw them? 2 minutes ago, ExiledInIllinois said: Not everybody. Its like a pyramid. More get in, few on top win. No thanks. I will labor & toil the old fashioned way... With axe and shovel. It's not like that though. That is a bad analogy. It is simply a form of currency that is in the midst of a parabolic rise in value. It can go up or down in value just like the US dollar. Right now Bitcoin is in a parabolic rise which is why it has so much publicity lately. Quote Link to comment Share on other sites More sharing options...
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