Thread: RIP Bitcoin

I use bx.in.th

And if you want to trade then sign up to polinex also

For starters

Originally Posted by baldrick

I use bx.in.th

Thanks.

That's the other one I was looking at.

Still waiting for the application to go through.

With the increase in just the last 2 hours the spread would have been covered already.

And blockfolio is the app you want to keep up to date on prices

Put in an initial 20k baht to see what happens. + 200b (1%) fee.

In at

• Buy: 312,774 THB | Sell: 304,060 THB
  

Interesting experiment.

You will profit, but this is an irrational bull run, where it will stop is anyone's guess

As pointed out by ant no one really uses this as a coin to buy stuff

I did buy my laptop with it a couple of years ago but it was through a third party and ended up costing 50 dollars more than if I had just transferred

This is why I hold other alts

You definitely need to be reading up. Start with Reddit crypto currency

You will post less on TD

Originally Posted by baldrick

I use bx.in.th

And if you want to trade then sign up to polinex also

For starters

I started with bx.in.th and they are great with very low fees. But suddenly out of nowhere they told all the USA citizens to fuck off.

I'll go back with a Thai citizen ID and bank account soon.

Then I used coins.co.th which charges 1%. They seem reliable and fast.

Since then I give USD to my daughter to buy directly on coinbase..

But my last purchase ended up being a bunch of ETH.
BTC price was at a peak and ETH was at a 90 day low.
Then waited for the ETH to go up and BTC drop a little, which they did! Made out like a fucking bandit..

Also I discovered the Exodus wallet deal where you can convert currencies inside the wallet, with no transfer fees.

Originally Posted by baldrick

You will profit, but this is an irrational bull run,

Yes and no, if you study this more deeply you might see how bitcoin has only just begun to reach "early adopters".

The market is so huge with the USD bubble about to burst and people just now becoming aware, bitcoin could easily hit 100k this time next year, and 100M in 3-5 years

Once people realize the intrinsic value of a decentralized finite currency, along with the largest and most powerful computing network on the planet, bitcoin isn't just going to the moon, but it's going to Uranus...

Exodus wallet is so far a nice your computer wallet
They use shapshift to convert currencies

The flood to crypto will be a stock market bubble. In the next year

BTC will benefit and will ETH only because of media coverage

I am long term with DCR because it has the code to win... Lots of crypto will bust when it is apparent they cannot scale. Transmit. Consensus fork. DCR does all this and can evolve with consensus forks
.
Logic for the win

Originally Posted by baldrick

Exodus wallet is so far a nice your computer wallet
They use shapshift to convert currencies

The flood to crypto will be a stock market bubble. In the next year

BTC will benefit and will ETH only because of media coverage

I am long term with DCR because it has the code to win... Lots of crypto will bust when it is apparent they cannot scale. Transmit. Consensus fork. DCR does all this and can evolve with consensus forks
.
Logic for the win

What strikes me as funny is how all the bitcoin doubters are saying "bubble". Wrong the bubble has not even started.

Bubble might be when bitcoin is 100M USD. At that point the smart money will have flowed into other more clever cryptocoin.

It is a bubble. Maybe just the start
As the stock market heads again to overpriced a lot of money will dodge usd and gold and head to crypto

Most of the uninformed will go with the advertised BTC

I want to hodl for a few e more years out and have a solid logic currency which can fork to incorporate reality with majority vote

^ I just read up on DCR, looks like a very good tip, and a good time to buy now. Probably a good one to mine also..more study...

Originally Posted by baldrick

DCR

Easy to buy that with a platform like coins.co.th or bx.in.th etc?

I bought bitcoin and sent it to polinex and bought decred there and then sent it to my wallet on my computer and signed up to a stake pool and bought some tickets

Alright, cheers.

So now youre taking advice from a guy who......

Originally Posted by baldrick

I did buy my laptop with it a couple of years ago but it was through a third party and ended up costing 50 dollars more than if I had just transferred

......Paid about 1 million baht at todays rate for a Lenovo laptop

Some guy out there bought a pizza for 10,000 bitcoins. That wasnt you was it mate?

Originally Posted by Dillinger

So now youre taking advice from a guy who......

Him and George Best.

Attaboy

Originally Posted by Luigi

Put in an initial 20k baht to see what happens. + 200b (1%) fee.

In at

• Buy: 312,774 THB | Sell: 304,060 THB

Interesting experiment.

Pretty smart move imho.

I also use Bittrex for an exchange to buy the alt-coins. A bit easier to navigate than Poloniex for beginners like myself.

The simplest way to make some serious cash though is to simply buy Bitcoin and stash it away in a hardwallet and forget about it for 6-12 months.

The way things are moving it will be very surprising if bitcoin doesn't hit 50k this time next year. Many of the 'experts' are saying 100k!

Fuck me, it just hit 10k today!

Originally Posted by baldrick

though if you have Bitcoin you may as well help yourself to the free cash as you can sell the forked coins - anyone who is holding bitcoin and does not know how to get the associated token they are due if they held bitcoin when the chain was forked , I can point you in the direction to enable you to get them

Please do.

My ones are sitting in me coins.co.th wallet. Gonna add to them again via coins.co.th I reckon.

What can I do with them in terms of investment, besides just leaving them there to increase (hopefully) in value?

Originally Posted by Luigi

Please do.

My ones are sitting in me coins.co.th wallet. Gonna add to them again via coins.co.th I reckon.

What can I do with them in terms of investment, besides just leaving them there to increase (hopefully) in value?

Now come the slightly more complicated part about being your own banker.

You need to set up your own wallet.

There are many if using a laptop or desktop Exodus is pretty easy.

You can also do it all on an android or iphone.
Google best bitcoin wallets and take your pick.

My first wallet was blockchain, very easy to start.

now here is the really super important part, you gotta manage and secure you keys. The keys are 12-24 ramdom words assigned to your account, should you need or want to recover the account on another device.

the safest way to store bitcoin is a hardwallet like the Ledger NanoS (what i'm using) just follow instructions and stick it in safe.

The least secure way to store bitcoin is on the exchanges, they can be shut and closed in a nanosecond should the government choose to do so.

The biggest bitcoin thefts have occurred off the exchanges.

the rules of bitcoin

1. never tell how much bitcoin you have.
2. never leave more than $2000.00 worth of BTC on an exchange


If you need to transfer lots of money consider ETH LTC DASH ZEC XMR as better vehicles than BTC. Also these are good alt-coin to have in your arsenal.

Thank you kindly Sir.

You'll be drinking your own piss next

^^

no worries

Be sure to keep on reading and studying this.

When I first started I didn't completely grasp the very high level mathematical security angle. The more you study it the more it will blow your mind!

We are really on the cusp of a global social game changer.

Giz a loan Dill bud eh.

Originally Posted by Dillinger

You'll be drinking your own piss next

555

Quite possibly, we are entering a new cultural paradigm which rejects; central government, central banks, corporate medicine, big pharma.

Urine is a resource ignored by the western industrial revolution, but it has not always been so.

Only current cultural conditioning tells you it is yucky. When the truth goes way past anything you could imagine. (should you choose to study it some)