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 Posted: Tue Dec 12th, 2017 09:17 pm
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srossi
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krazykid18 wrote: Litecoin seems to be up and up on the way
Yeah, another good one.  It was between that and Ethereum and I picked Ethereum.  Either way I would've made money, but Litecoin is really picking up steam now.  I think it was $50 when I first saw it, now it's about to hit $300.  I bought Ethereum at $225 or so, now it's about to hit $600.  They're all going crazy with no end in sight.  It's like printing money for anyone who got in.  It was almost impossible to pick a bad altcoin.

Last edited on Tue Dec 12th, 2017 09:18 pm by srossi



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 Posted: Wed Dec 13th, 2017 06:31 pm
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Benlen



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I have a question....
Lets say you have a million dollars worth in bitcoins. How would you cash that in?



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 Posted: Wed Dec 13th, 2017 06:38 pm
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srossi
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Benlen wrote: I have a question....
Lets say you have a million dollars worth in bitcoins. How would you cash that in?

The same way you bought it.  An online exchange these days.  It's as easy as selling stock, and you can transfer the cash directly to your bank account if you set up your account that way.  Although with that large amount of money, you might not be able to move it all at once, depending on the exchange.  I think the one I use has a $250,000 limit per day, so it would take you 4 days, and then maybe another 3 days each for the transactions to clear your bank.  But you'd still be able to sell Bitcoin for cash and have the cash waiting in your exchange.

One of the biggest misconceptions about Bitcoin, other than the fact that you can only use it to buy drugs, seems to be that it's not really worth anything because it's impossible to get cash for it.  My Facebook is filled with these asinine types of comments.  I have no idea where people are getting this from, other than the fact that they have no idea what they're talking about and are already jealous that they missed the boat so they don't want to learn now.  I see a thousand comments like "You don't really have x amount of dollars worth because you can never sell it for that."  I can, and have, sold it for cash within minutes, and that was selling Potcoin for Bitcoin and then selling Bitcoin for USD, so there was even an extra step involved that required me to use 2 different exchanges (I have never touched my initial investment in Bitcoin yet).  I still had no issue whatsoever.  That money was in my bank account within 3 days and was used to purchase a new desktop later that week.  Potcoin to Bitcoin to cash to an actual product within a week, no problem.  Yet, I've been told this is impossible and it's not "real money".  If these people spent half as much time doing research as shitting on things they don't understand online, maybe they'd get somewhere in life.   

Last edited on Wed Dec 13th, 2017 06:49 pm by srossi



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 Posted: Thu Dec 14th, 2017 01:23 am
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srossi
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The futures market seems to have created some short-term stability, which I like.  Bitcoin has been dicking around between $15,500 - $17,000 for a few days now.  I wouldn't mind if this continued for the rest of the year at all.  If it stays within that range, I'll have a very Merry Christmas and won't have to worry about checking the price obsessively and finding a laptop to frantically plug into at a moment's notice while on vacation. 

In the meantime, Ethereum and Litecoin and making their big moves. I have a lot less money in Ethereum and I think it still has tons of room for growth, so I'll just hold onto that and if it plummets then so be it. 

Last edited on Thu Dec 14th, 2017 01:26 am by srossi



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 Posted: Thu Dec 14th, 2017 06:50 pm
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srossi
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Potcoin has released their mission statement and "Vision Board" for 2018:

http://www.potcoin.com/2017/12/13/potcoin-2018-vision-board?ref=email&utm_source=newsletter&utm_medium=email&utm_campaign=important_update_potcoin_releases_2018_vision_board&utm_term=2017-12-14



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 Posted: Thu Dec 21st, 2017 11:50 pm
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krazykid18

 

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Srossi,

i am finally on gemini but you can only trade Etherium and Bitcoin can you touch the altcoins or i need to sign up to coinbase

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 Posted: Fri Dec 22nd, 2017 05:59 am
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srossi
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krazykid18 wrote: Srossi,

i am finally on gemini but you can only trade Etherium and Bitcoin can you touch the altcoins or i need to sign up to coinbase

Gemini is only for BTC and ETH. For other coins I use Bittrex. I don’t know much about Coinbase but it’s another popular one. 



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 Posted: Fri Dec 22nd, 2017 06:45 pm
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brodiescomics



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Bitcoin Price Drops 22% in Four Days As Infighting Goes Public

From a Sunday high of nearly $20,000 per digital coin, Bitcoin dropped more than 22% to a price as low as $15,262 on Thursday afternoon. Some see the drop as fallout from long-unresolved problems with Bitcoin’s infrastructure, and the increasingly intense civil war it has produced in the cryptocurrency community.

http://fortune.com/2017/12/21/bitcoin-price-drops-infighting/



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 Posted: Fri Dec 22nd, 2017 07:19 pm
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Ultimark



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Price of bitcoin now at $12,130. Nothing goes up in a straight line like that without a big correction eventually. Don't know enough about the topic to know where it goes from here. That is why I stayed out.

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 Posted: Fri Dec 22nd, 2017 07:41 pm
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srossi
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brodiescomics wrote: Bitcoin Price Drops 22% in Four Days As Infighting Goes Public

From a Sunday high of nearly $20,000 per digital coin, Bitcoin dropped more than 22% to a price as low as $15,262 on Thursday afternoon. Some see the drop as fallout from long-unresolved problems with Bitcoin’s infrastructure, and the increasingly intense civil war it has produced in the cryptocurrency community.

http://fortune.com/2017/12/21/bitcoin-price-drops-infighting/

It has nothing to do with that.  There's been Bitcoin in-fighting forever.  If that didn't cause the price to drop off the face of the earth during the last 2 splits to Bitcoin Cash and Bitcoin Gold then nothing will. 

It's Wall Street shorting Bitcoin now that it's being traded on the futures market.  And then once the price dropped a little bit, that shook out all the newbies from the past 2 months, which exacerbated the problem.  And of course you combine all of that with a legitimate market correction because it never should've doubled in a month anyway. 

I think $10,000-$12,000 is an excellent buying opportunity and after this is over we'll see some semblance of stability and a real market price.  I sold a bunch as it was plummeting at around $15,000 and then bought more this morning at $12,000. 

As Bitcoin drops so does every other crypto, so this is a great chance to get back in on Ethereum, Litecoin, Potcoin, or whatever else you missed the boat on the first time.       

Last edited on Fri Dec 22nd, 2017 07:42 pm by srossi



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 Posted: Fri Jan 5th, 2018 10:23 pm
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srossi
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Bitcoin went back to $17,000 today, so those responsible for driving the price down didn't succeed for long. The shorts have to getting nervous.

In the meantime, Ethereum cracked the $1,000 mark for the first time a few days ago and has been hovering around it ever since.

I also got into the Bitcoin alternative Ripple, which is controlled by the banksters, at 77 cents and now it's $2.50.

Last edited on Fri Jan 5th, 2018 10:24 pm by srossi



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 Posted: Fri Jan 12th, 2018 02:48 am
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freebirdsforever2001
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Does anyone know anything about Ripple or IOTA?



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 Posted: Fri Jan 12th, 2018 04:22 am
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srossi
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freebirdsforever2001 wrote: Does anyone know anything about Ripple or IOTA?
I bought Ripple at 77 cents and it’s mostly up. It was in the news today because they signed a deal with MoneyGram. Ripple is centralized though and looked down upon in the crypto community. It’s called a “banker coin” with the conspiracy theory being that the bankers want you to pay them your Bitcoin to buy Ripple so they can get more Bitcoin off the market. 



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 Posted: Fri Jan 12th, 2018 04:41 am
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freebirdsforever2001
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srossi wrote: freebirdsforever2001 wrote: Does anyone know anything about Ripple or IOTA?
I bought Ripple at 77 cents and it’s mostly up. It was in the news today because they signed a deal with MoneyGram. Ripple is centralized though and looked down upon in the crypto community. It’s called a “banker coin” with the conspiracy theory being that the bankers want you to pay them your Bitcoin to buy Ripple so they can get more Bitcoin off the market. 

Is it any good or is it crypto version of penny stocks?



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 Posted: Fri Jan 12th, 2018 05:02 am
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srossi
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freebirdsforever2001 wrote: srossi wrote: freebirdsforever2001 wrote: Does anyone know anything about Ripple or IOTA?
I bought Ripple at 77 cents and it’s mostly up. It was in the news today because they signed a deal with MoneyGram. Ripple is centralized though and looked down upon in the crypto community. It’s called a “banker coin” with the conspiracy theory being that the bankers want you to pay them your Bitcoin to buy Ripple so they can get more Bitcoin off the market. 

Is it any good or is it crypto version of penny stocks?

It’s got a lot of hype and some major players backing it. Whether or not it’s “good” depends on whether it goes up and your guess is as good as mine. I wouldn’t have bought it if I didn’t think it would do OK. At one point I was up more than 300% on it but then it dropped a bit and now I’m only at around doubled up.  



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