Do You BitCoin?

[PolishDave]

P.S.

 

With a program like Winminer, it automatically switches which coin you are mining at any given time based on which coin is most profitable at that time.

 

There are other programs that do the same thing.   The most popular one by far was one called NiceHash.   But they got hacked last week and anyone who had not transferred their money to their own wallet yet, lost whatever money they had in there.    Right now they are shut down trying to figure things out.    They were the most profitable - hands free - fully automated mining program when they got hacked.    

 

Advice is to make sure you don't leave money at those places for any length of time.    Transfer it to your own private wallet at some point once you surpass the minimum threshold for doing so.

Edited December 12, 2017 by PolishDave

[plenzmd1]

12 hours ago, mead107 said:

Plezmed owns meadcoin 

That I do!!! And only an hour of wifely duties to get it!

[BuffaloBill]

45 minutes ago, plenzmd1 said:

That I do!!! And only an hour of wifely duties to get it!

 

 

You spent an hour on your knees for some Meadcoin?  You really are cheap....

[plenzmd1]

34 minutes ago, BuffaloBill said:

 

 

You spent an hour on your knees for some Meadcoin?  You really are cheap....

you have no idea what I would do for a Meadcoin! That was nothing!

[BuffaloBill]

At least one hedge fund is heavily in.  That is if you believe them. 

 

https://www.cnbc.com/2017/12/18/bill-millers-hedge-fund-has-half-its-money-in-bitcoin.html?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=104904948&yptr=yahoo

 

Interesting turn because a number of hedge funds have been struggling to get returns that are better than the market.  I guess this is one way to do it.  Also, there was a lot of money looking to be poured into global energy but with OPEC being a shell of its former price manipulating self the returns in that sector just aren’t what they were in the midst of the shale boom.

[unbillievable]

I'm starting to wonder if the "Bitcoin will solve everything" crowd is hanging out with the "Weed cures everything" stoners.

 

 

[Foxx]

2 hours ago, unbillievable said:

I'm starting to wonder if the "Bitcoin will solve everything" crowd is hanging out with the "Weed cures everything" stoners.

 

 

no, they just don't run with the head in the sand ostriches.

[Jauronimo]

10 minutes ago, mead107 said:

Make your money and get out. Don’t be  greedy, get out. 

Buy Meadcoins 

When has that EVER worked for ANYONE in ANY capacity, EVER? 

[T-Bomb]

I used to mine for bitcoin, had 12 of them at one point in time.  Sure wish I had a crystal ball when I spent most of them.

[Jauronimo]

Did you catch the lead story on Forbes this week? There was a great piece done today about responsible investor Ben Jacobson.  Over a period of ten years, Ben resisted the flash of tech IPOs, silicon valley, and leverage.  Ben stuck to his strategy, took his gains when he could, turned a little into a little bit more.  Despite his modest wealth, Ben is still a good dad and a swell guy. 

[DaBillsFanSince1973]

Bitcoin Slumps 10 Percent in Biggest Drop Since Before Futures

[KD in CA]

SEC suspends trading of Crypto Company.

 

http://money.cnn.com/2017/12/19/investing/bitcoin-crytpocurrencies-sec-bubble/index.html

[Jauronimo]

Well that was a crazy hour.  BTC went from $17k to below $15k in a matter of minutes while BCH began trading on Coinbase and rose from $3,100 to $9,500 in a blink of an eye.  Alts got slammed, ETH got hit.  45 mins later, right back to where we started.  Fun stuff.

 

WTF just happened?

[Foxx]

7 hours ago, Jauronimo said:

Well that was a crazy hour.  BTC went from $17k to below $15k in a matter of minutes while BCH began trading on Coinbase and rose from $3,100 to $9,500 in a blink of an eye.  Alts got slammed, ETH got hit.  45 mins later, right back to where we started.  Fun stuff.

 

WTF just happened?

Coinbase was just doing some testing. you cannot actually withdraw or even trade your BCH on GDAX yet. today perhaps.

expect a pullback on BTC to be prolonged into February to shake out the weak hands.

 

 

On 12/18/2017 at 6:27 PM, T-Bomb said:

I used to mine for bitcoin, had 12 of them at one point in time.  Sure wish I had a crystal ball when I spent most of them.

would you believe me if i told you i gave away close to 100 back in '12 to try and help raise awareness?

Edited December 20, 2017 by Foxx

[T-Bomb]

49 minutes ago, Foxx said:

would you believe me if i told you i gave away close to 100 back in '12 to try and help raise awareness?

 

Ouch, yeah, there are tons of stories like ours.

 

I remember getting ridiculed by many ppl for wasting my time/electricity mining for them...

[wnysteel]

13 hours ago, Jauronimo said:

Well that was a crazy hour.  BTC went from $17k to below $15k in a matter of minutes while BCH began trading on Coinbase and rose from $3,100 to $9,500 in a blink of an eye.  Alts got slammed, ETH got hit.  45 mins later, right back to where we started.  Fun stuff.

 

WTF just happened?

 

Coinbase posted on their blog that they are investigating reports of insider trading of BCH from their internal staff. if this turns out to be true, i have to imagine this will reduce the public's trust in them (#1 app in the app store now FYI).

[Jauronimo]

22 minutes ago, wnysteel said:

 

Coinbase posted on their blog that they are investigating reports of insider trading of BCH from their internal staff. if this turns out to be true, i have to imagine this will reduce the public's trust in them (#1 app in the app store now FYI).

For sure. I don't trust any of the exchanges very much.  Coinbase/GDAX are still the one I' most comfortable with as they are insured (whatever that means if the sh#t hits the fan) and the NYSE is an investor in CB.  I don't think CB is immune to all sorts of price manipulation tactics and their frequent outages during prime buying opportunities are very concerning.

 

I've been following this twitter account lately.  The role of tether and integrity of some of the major exchanges is a big question mark in my mind. 

https://twitter.com/bitfinexed?lang=en

[BmarvB]

I've read enough about it. Better than gold.

[Foxx]

Jauronimo was right. BCH is now listed on Coinbase.

 

[Jauronimo]

6 minutes ago, Foxx said:

Jauronimo was right. BCH is now listed on Coinbase.

 

BCH has arrived to much fanfare.  Massive price volatility, rampant allegations of insider trading, trading freezes, cats and dogs living together, and mass hysteria.  One thing is certain; if/when XRP makes it Coinbase, I'm going to be near a computer. 

 

BTC true believers are crapping themselves.  What is with the BTC crowd anyway?  Generally speaking, the BTC crowd discusses the rest of the cryptosphere the way my parents discuss BTC.  Nothing but pure derision and cries of scams.  Maybe its just the loud minority of maximalists on twitter?