RIP Bitcoin

**Luigi** · 24-01-2018, 07:33 PM

Originally Posted by bsnub

So where are you buy orders at lads?

Bought BTC last night.

Will sell at 420k.

Easy money.

**Luigi** · 24-01-2018, 07:37 PM

Originally Posted by Bogon

Why have people stopped posting their gains and losses?

I've put my holdings away for the next 11 months this week, keeping a slight eye on things without doing any checks or calculations. Not much point with them dipping down and me not interested in selling any time soon.

Guess would be that I'm up around 35-40% since I got in at the beginning of December.

Now just gonna start day/week/month trading.

Bought BTC last night as it's in it's dip. Will sell it when it hits 420k. Might be a week, might be a month, might be a day.

Buy on the dip, pick a % you want before pulling, and wait a bit.

**Mr Earl** · 24-01-2018, 07:43 PM

^ smart buying BTC now.
I should be doing same.
but my antminer s9's just arrived and required some cash to set up.

Will see how much BTC they generate, hey!

**Luigi** · 24-01-2018, 07:46 PM

Good luck with it.

How much are you hoping to mine?

**Simon43** · 24-01-2018, 07:54 PM

I've been playing around with a complete end-to-end process, from:

- depositing THB funds into my BX account
- buying some ETH
- generating a public and private address pair for my paper wallet on myetherwallet.com
- sending my ETH to that public address (so now I have my ETH in cold storage)

Importing my ETH balance (less fees etc) back into my BX account by:
- generating a new destination public address on BX to receive these funds
- uploading my private key JSON password file to myetherwallet
- send that balance to my BX ETH account address
- receiving the incoming ETH funds
- waiting for 25 confirmations
- finally seeing the cleared ETH funds in my BX account
- selling those ETH to generate a THB balance
-withdrawing that balance back to my Bangkok Bank account.

Jeez!!!!!!! That is hardly user-friendly is it?

To my amazement, this tortuous process actually worked OK.

However, with so many separate actions to be made, it seems a very risky procedure, fraught with the possibility of making an error and losing your coins.

In fact, with all my coins held on paper wallets, I only buy a small amount - say $500 USD equivalent, and then repeat the process many times, so that each paper wallet only holds about $500 value at today's coin rates.

I did this end-to-end process to reassure myself that the coins that I'm buying and putting into long-term paper storage, I will actually be able to redeem/import and sell them at a later date.

But surely there must be a simpler method that doesn't involve all the steps above.

**Albert Shagnasty2017** · 24-01-2018, 07:56 PM

Originally Posted by lob

is there a system in place whereby u can set an alarm on a coin of ur choice.? if so details please.

www.coinwink.com

Works perfectly.

**Dragonfly** · 24-01-2018, 08:02 PM

Originally Posted by Bogon

Why have people stopped posting their gains and losses?

I found it quite interesting, but for the past few days, it has seemed to have slowed down.

they are all in the red,

speaking of red and losing, where is redhaze ?

**fishlocker** · 24-01-2018, 08:10 PM

"Ripple" wine | Sanford and Son Wiki | FANDOM powered by Wikia

**Luigi** · 24-01-2018, 08:15 PM

Originally Posted by Dragonfly

they are all in the red,

Just need Pandacoin PND to go to 0.1 and I'm a foookin' Trillionaire!

Think it was 0.000000000000000000000000 when I bought 2 million of them for 1k baht.

Steadily climbing, son.

Steadily climbing.

**jabir** · 24-01-2018, 08:27 PM

Originally Posted by Luigi

Just need Pandacoin PND to go to 0.1 and I'm a foookin' Trillionaire!

Think it was 0.000000000000000000000000 when I bought 2 million of them for 1k baht.

Steadily climbing, son.

Steadily climbing.

Luigi: You had the right strategy from the start, boring but effective, took me a while to figure it out.

Sold off all of my junk today, PND-QRK-DOG-HYP and a couple others...change of strategy but will take up to a couple of months to implement as it involves a major shift in assets much of which are tied up in 4 coins; and unfortunately most of that will be buried in cold storage and ignored for the long haul until they're cashed in. On the plus side next few days will have incoming set the ball rolling.

**PlanK** · 24-01-2018, 09:22 PM

From the Weiss ratings...

Below is a sampling of Weiss Cryptocurrency Ratings, selected randomly to illustrate a variety of strengths and weaknesses:

Bitcoin (rated C+) gets excellent scores for security and widespread adoption. But it is encountering major network bottlenecks, causing delays and high transactions costs. Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code.
Ethereum (B), the second most widely adopted cryptocurrency, benefits from more readily upgradable technology and better speed, despite some bottlenecks.
Novacoin (D) and SaluS (D) are weak in terms of both technological innovation and adoption.
Steem (B-) enjoys a relatively good balance of moderate strength in nearly all the key factors considered along with a social network feature.

“All else being equal, as a cryptocurrency overcomes its individual challenges, it’s likely to be upgraded promptly,” Weiss adds.

Pay to get more. I expect the rest will be leaked shortly.

**Luigi** · 24-01-2018, 09:31 PM

Cheers.

Time to buy ETH at 35,500.

**PlanK** · 24-01-2018, 09:33 PM

Lots of fake lists going round.
Of all of them this one looks most legit.

https://wcy.weissratings.com/media/w...cy-Ratings.pdf

Expect some impact at least in the short term.

**Luigi** · 24-01-2018, 09:48 PM

Cheers.

**Farangrakthai** · 24-01-2018, 09:49 PM

Originally Posted by Bogon

Why have people stopped posting their gains and losses?

I found it quite interesting, but for the past few days, it has seemed to have slowed down.

cashed out: about 200% profit.

was selling btc/alts at highs and buying at lows (had time to do it a few times during my uni holiday).

left my initial investment in the coins i've posted on this thread, though took the app off my phone and will let the cryptos ride for the long term.

**Dragonfly** · 24-01-2018, 09:54 PM

South Korea tackles cryptocurrency concerns
South Korea's plan to prevent money laundering through use of cryptocurrencies will be put forward in guidelines this month that are expected to require banks to store trading history because cryptocurrency exchanges are not obligated to do so. A tax on profit from cryptocurrency trading also will be imposed.

Solution for Taxation on Investors: S. Korean Gov?t to Impose Tax on Investor?s Profits from Cryptocurrency Trading | BusinessKorea

**Dragonfly** · 24-01-2018, 09:55 PM

well the big boys are discussing it over Davos, so expect it to be killed soon enough

WEF to discuss future of distributed-ledger technology
Blockchain technology's threat to financial institutions' centralized business model will be tackled for the first time this week at the World Economic Forum in Davos, Switzerland.
https://www.ft.com/content/c0794556-...0-9c0ad2d7c5b5

**Luigi** · 24-01-2018, 10:12 PM

Originally Posted by Farangrakthai

cashed out: about 200% profit.

was selling btc/alts at highs and buying at lows (had time to do it a few times during my uni holiday).

left my initial investment in the coins i've posted on this thread, though took the app off my phone and will let the cryptos ride for the long term.

On'ya FRT.

200% roi cashed out, and left yer initial investment in there for the long term.

Which really could be anything. Could be zero. Could be 1000%. Reckon the big gains (besides BTC in 2017) are this year and next.

Not putting a house on it, but putting a car on it. Might return zero or might return a lot more.

From here on in it's just pissing about day/week/month trading while that crashes and spikes a few times a week.

**jabir** · 24-01-2018, 10:40 PM

Originally Posted by Dragonfly

South Korea tackles cryptocurrency concerns
South Korea's plan to prevent money laundering through use of cryptocurrencies will be put forward in guidelines this month that are expected to require banks to store trading history because cryptocurrency exchanges are not obligated to do so. A tax on profit from cryptocurrency trading also will be imposed.

Solution for Taxation on Investors: S. Korean Gov?t to Impose Tax on Investor?s Profits from Cryptocurrency Trading | BusinessKorea

There you go, more positive news. And I was beginning to think you are a sceptic.

**Dillinger** · 24-01-2018, 10:42 PM

Originally Posted by Luigi

Not putting a house on it, but putting a car on it. Might return zero or might return a lot more.

It wont be zero, a couple of hub caps at least, maybe an exhaust

**Dillinger** · 24-01-2018, 10:48 PM

Originally Posted by Luigi

From here on in it's just pissing about day/week/month trading

Thatll be- second / minute/ hour/day/week/month

Surely heres no way then that youre gonna be able to leave the 10 or so alts you have in cold storage... is there?

**Luigi** · 24-01-2018, 11:01 PM

Originally Posted by Dillinger

Surely heres no way then that youre gonna be able to leave the 10 or so alts you have in cold storage... is there?

Maybe not if they suddenly become tradable on craigslist, other than that, the amount I put away is safe for the next year or so.

Stash long-term then get on with the day-trading... Big dips buy, big spike sell, get with the times man!

This time next year you'll be signing Sanchez for your Sexpat 5-a-side team.

**PlanK** · 24-01-2018, 11:21 PM

Originally Posted by Plan B

Lots of fake lists going round.
Of all of them this one looks most legit.

https://wcy.weissratings.com/media/w...cy-Ratings.pdf

Expect some impact at least in the short term.

To add even more confusion. A lot of folks claiming the Weiss website got hacked. No one really sure atm if the pdfs are legit stolen/ legit legit/ or stolen legit. No word from the company, no social media presence. It's turning into a cluster-fook of hilarious proportions.

**Dragonfly** · 25-01-2018, 02:54 AM

Etherum, has anyone look at that shit ?

https://www.ethereum.org/

jesus christ, the bullshit meter is high on that one

how can anyone be delusional enough to put money into that thing

**baldrick** · 25-01-2018, 03:44 AM

awww.. isn't that cute , butterfluffer just discovered Ethereum

Thread: RIP Bitcoin

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