Current Events > Bitcoin breaks $5,000

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Giblet_Enjoyer
10/14/17 12:51:16 AM
#102:


clearaflagrantj posted...
Anteaterking posted...
How much do you know on the technical side about cryptocurrencies Clear?

Not enough, I read the whitepapers, do minimal research on the developers, and I invest mostly on instinct when it comes to altcoins. For example I feel like WTC and LINK are solving a problem and will be potentially worth a fuckload, XMR is the best private crypto and will ultimately be sought after, BAT and SC (yes, I'm long on SC) provide a useful service that investors will eventually back.

But I have definitely FOMO'd into the likes of OMG and NEO. And I like VTC even though my gut tells me a coin dependent on GPU mining means whales probably won't invest in it.

TL;DR I'm at a roulette table putting $50-$200 down on certain altcoins based on educated guesses. I probably should've went 100% BTC/ETH/LTC but altcoins are even more volatile and fun. Maybe one of them will explode 100x in value overnight, who knows.

Oh yeah LINK is a pretty good buy too

The big market cap turns me off just a little but the potential is still pretty big if it does what it's meant to and is widely adopted
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BlazinBlue88
10/14/17 3:22:45 AM
#103:


tiddies posted...
lol. I bought 64 ARK when it was $0.74 each ($50 CDN) and forgot about it for months. Now it's $2.76 ($220 CDN)

invest in crypto and you'll make money during your sleep

Don't forget to use the wallet client and stake so you can get free ARK.
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fuzzylittlbunny
10/14/17 5:35:42 AM
#104:


Is there a way to buy Bitcoin in Hawaii? Since it says they don't sell it here due to laws or whatever that make it legal, but not worth the trouble or something :<
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tiddies
10/14/17 11:22:47 AM
#105:


BlazinBlue88 posted...
tiddies posted...
lol. I bought 64 ARK when it was $0.74 each ($50 CDN) and forgot about it for months. Now it's $2.76 ($220 CDN)

invest in crypto and you'll make money during your sleep

Don't forget to use the wallet client and stake so you can get free ARK.

thanks for the heads up.

ARK is $3 now (+15%)

trust in the smartbridge meme and invest
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Tony_Biggie_Pun
10/14/17 1:14:20 PM
#106:


I wish I kept mining back in 2013
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#107
Post #107 was unavailable or deleted.
emblem boy
10/14/17 6:46:42 PM
#108:


What's the best website to read about the different cryptos anyway?
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clearaflagrantj
10/14/17 7:18:48 PM
#109:


emblem boy posted...
What's the best website to read about the different cryptos anyway?

Reddit
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cerealbox760
10/14/17 7:26:34 PM
#110:


What happens when/if the US outlaws bitcoin? Is that even possible?
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cerealbox760
10/14/17 7:27:00 PM
#111:


I think etherum is a better gamble.
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clearaflagrantj
10/14/17 7:32:18 PM
#112:


cerealbox760 posted...
What happens when/if the US outlaws bitcoin? Is that even possible?

It is impossible to outlaw Bitcoin, that is the point.

They can shut down US based exchanges and any international exchange that trades cryptos for USD.

There is no stopping Bitcoin.

cerealbox760 posted...
I think etherum is a better gamble.

They have different functions, they are not in competition, it's absolutely worth investing in both.
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Rob Cesternino
10/14/17 8:45:46 PM
#113:


cerealbox760 posted...
What happens when/if the US outlaws bitcoin? Is that even possible?


The only way to shut down Bitcoin is to shut down the entire internet. So it's impossible
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young_flip
10/14/17 8:58:16 PM
#114:


jaime dimon told me only criminals do this
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Trigg3rH4ppy
10/14/17 9:12:42 PM
#115:


@clearaflagrantj if I start investing can I ask you a few questions?
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BignutzisBack
10/14/17 9:18:56 PM
#116:


young_flip posted...
jaime dimon told me only criminals do this


Jamie Dimon high key owns quite a bit of bitcoin imo
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#117
Post #117 was unavailable or deleted.
clearaflagrantj
10/15/17 10:24:02 AM
#118:


Trigg3rH4ppy posted...
@clearaflagrantj if I start investing can I ask you a few questions?

Sure, PM me

Future_Trunks posted...
TC, i will have some cash available at the end of the year. should i just go 50/50 with it on BTC and ethereum? the wave seems to keep going... is it worth the risk?

40/40/20 BTC/ETH/LTC imo.

If you're interested in any altcoins I'd suggest Vertcoin, BAT, Walton, ChainLink, and Monero
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pls
10/15/17 10:25:31 AM
#119:


lmao if anyone follows TC's advice
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Trigg3rH4ppy
10/15/17 4:24:01 PM
#120:


pls posted...
lmao if anyone follows TC's advice

Yeah I remember thinking the same thing when BTC was like $0.70 a piece, and then again when it was like $500 a piece. I kept thinking "meh, this will never take off". If I would have dropped even a $100 back in 2013 I'd have about $800,000 right now.

I imagine it's past the point where you'll turn into a millionaire over it, but I'm still going to try to get into it.
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BlazinBlue88
10/16/17 8:13:53 AM
#121:


Trigg3rH4ppy posted...
I imagine it's past the point where you'll turn into a millionaire over it, but I'm still going to try to get into it.

The chances have drastically dropped but at the same time, there's still so many altcoins that will be a success. You might not be a millionaire but would you settle for a $100k profit? I'm sure most would say yes. We're still in the really early stages of cryptocurrency. There's plenty of money to still be made.

Bitcoin won't be the winner in the end. It's just the first out the gate. Another coin will come along to take the top spot from it.
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clearaflagrantj
10/16/17 8:53:30 AM
#122:


BlazinBlue88 posted...
Bitcoin won't be the winner in the end. It's just the first out the gate. Another coin will come along to take the top spot from it.

It is the oldest coin, has the best developers, survived the most attacks, is the most popular, and is the current measuring stick for all other cryptos.

As far as digital currency/asset specific cryptos go, I don't see BTC ever losing its throne unless something like SW2X actually manages to destroy it.
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Omega Hunter
10/16/17 8:58:52 AM
#123:


Currently have 6.5 k in bitcoin, of which i paid about 4 k for.

1 k in litecoin. Im buying some ethereum this week.

Im a crypto believer.
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clearaflagrantj
10/16/17 9:34:40 AM
#124:


Omega Hunter posted...
Currently have 6.5 k in bitcoin, of which i paid about 4 k for.

1 k in litecoin. Im buying some ethereum this week.

Im a crypto believer.

Ethereum just had a hard fork upgrade, I would buy now (but for the record I am not a crystal ball).
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BlazinBlue88
10/16/17 9:50:11 AM
#125:


clearaflagrantj posted...
BlazinBlue88 posted...
Bitcoin won't be the winner in the end. It's just the first out the gate. Another coin will come along to take the top spot from it.

It is the oldest coin, has the best developers, survived the most attacks, is the most popular, and is the current measuring stick for all other cryptos.

As far as digital currency/asset specific cryptos go, I don't see BTC ever losing its throne unless something like SW2X actually manages to destroy it.

- Isn't scalable
- Slow transactions
- High transaction fees

I know Segwit improved things but it's still not that great.

If the team behind IOTA can implement all the things they promise then it'll be the new standard.
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clearaflagrantj
10/16/17 10:20:01 AM
#126:


BlazinBlue88 posted...
they promise

Key words there
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BlazinBlue88
10/16/17 10:26:44 AM
#127:


clearaflagrantj posted...
BlazinBlue88 posted...
they promise

Key words there

True. Not saying IOTA will be the replacement. As of now, I feel like it's a pipe dream.

All I'm saying is that very few things that were first of their kind continued beating out the competition and stood on top of the mountain. There will be new crypto that will improve on BTC and become the standard. I doubt that will happen for many years. BTC will continue to soar in price for a while.
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