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yukon

Bitcoin is Booming

40 posts in this topic

2 hours ago, yukon said:

You should never leave any coin online.

Anything done online should be a temporary transaction, you get in and out within a few minutes.

Keep an offline wallet for long term storage. I've been using the MultiBit HD offline wallet for a couple of years. Also backup to a USB drive. You can even print a backup out on paper as an additional backup If needed.

My advice is consolidate everything you have into an offline wallet, get organized and start from there. This way you're not running all over the internet guessing If you've lost something.

You got scammed because you set yourself up to be scammed (leaving coin online). The same will happen when you leave cash on a restaurant table and come back 2 years later looking for your money.

I know what you're saying and completely agree from an investment perspective. I never had > .5 BTC online unless I was cashing it. BTC was ~$500 back then, so never more than $250.

But generally, as a miner, you can't really keep it all offline. You will get destroyed by transaction fees and delays since trading is an big part of mining effectively. I used to get an extra 10-15% just by understanding the markets and timing trades well, and also paying attention to the IRC channels where people try to manipulate the prices of the lower volume coins. I'm not saying I participated, I just tried to steer clear. (That was always a crapshoot from observation anyways.)

I cashed all my BTC about 2 years ago and took the majority of my losses, all that was left was random amounts of scrypt based coins and my LTC which I thought was safe in cryptsy. It seemed on par with NYSE stock trading accounts as far as the service, with that said, I guess I should have known, since I know that's not completely safe either.

Granted, much safer as far as exchanges becoming insolvent for one reason or another.

Initially, I got in around the MtGox era, but only had a video card, so I didn't really make much.

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Bitcoin is currently at +$1401.68 up about $100 since yesterday.

Ethereum is gaining pretty fast, up +14% in the last 24 hours.

I'm probably going to get into some of the popular alt coins because their daily gains/percentages are usually double/triple Bitcoins gains. Still holding out with BTC.

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Bitcoin just hit +$1500.00

Still holding for now, getting into day trading coins soon. The percentages are so high on coins, I can't pass this up, lol.

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On 4/30/2017 at 11:17 AM, yukon said:

 

What I would do is exchange that Bitcoin for Ripple (XRP). Ripple is booming right now and extremely low priced, tons of transactions happening.

It's priced at $0.052589 (USD) which means you could buy 2,556 shares (minus 2% exchange fee) at the current BTC price. Let that sit for 6 months to a year and see what happens.

It's #2 out of all alt coins.

 

On 4/30/2017 at 11:23 AM, mki said:

I know the dogecoin thing might sound ridiculous because the individual value of a single dogecoin is like .00001 cents...

 

Ripple is up +118.25% in last 7 days (image below), could have doubled your money and then some...

Just like the stock market, the percentage increase is more important than the actual price. In Ripple's case the price is only $0.08 but the only thing that matters is the amount of money you personally invest + percentage increase. You also don't have to buy full shares of Ripple or any coin.

Example If you had put in $1,000 worth of Ripple coins that would now be worth +$2,182.50 seven days later which you could then cash out (USD).

 

37TGHPy.png

 

 

 

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5 minutes ago, yukon said:

 

 

Ripple is up +118.25% in last 7 days (image below), could have doubled your money and then some...

Just like the stock market, the percentage increase is more important than the actual price. In Ripple's case the price is only $0.08 but the only thing that matters is the amount of money you personally invest + percentage increase. You also don't have to buy full shares of Ripple or any coin.

Example If you had put in $1,000 worth of Ripple coins that would now be worth +$2,182.50 which you could then cash out (USD).

 

37TGHPy.png

 

 

 

I admit that ripple is a really interesting coin since it's not minable and the supply only decreases due to transaction fees (as far as I know.)

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On 5/1/2017 at 10:51 AM, yukon said:

Bitcoin is currently at +$1401.68 up about $100 since yesterday.

Ethereum is gaining pretty fast, up +14% in the last 24 hours.

I'm probably going to get into some of the popular alt coins because their daily gains/percentages are usually double/triple Bitcoins gains. Still holding out with BTC.

  I have purchased Ethereum in a small amount, might sell of my bitcoin to buy more of it. You might want to take a look into it. A few major  companies  like JP Morgan Chase are investing in Ethereum. Up dated from Yahoo. https://www.yahoo.com/tech/ethereum-next-big-thing-cryptocurrency-180004518.html

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30 minutes ago, yukon said:

Bitcoin is up to $850 today!

 

'Up to 850' or 'up 850'? You said it was at 1300 not long ago,  so one of these is bad...

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5 minutes ago, gnojham said:

'Up to 850' or 'up 850'? You said it was at 1300 not long ago,  so one of these is bad...

Lol, up to $1850.

Missed it by $1,000.

Close enough.

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Someone recently paid me for some work in Bitcoin. The payment hit when it had dropped back down to about $1720. It's over $2200 today. 

That has worked out well so far.

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48 minutes ago, Mike Friedman said:

Someone recently paid me for some work in Bitcoin. The payment hit when it had dropped back down to about $1720. It's over $2200 today. 

That has worked out well so far.

 

Good.

This is what I've been trying to explain to people. Bitcoin has a decent history of increasing which means you get payed more without raising your prices.

The current price is $2,269 so you've made +25% profit without doing any extra work.

Take it while you can get it.

 

 

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It boggles my mind that of all people on the internet most IMers aren't taking advantage of crypto coins.

Their livelihood revolves around the internet yet they don't take advantage of digital currency, and free money.

 

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I made +1.7% profit transferring Bitcoin from Poloniex to an offline wallet and that was after Poloniex charged a small fee. Bitcoin price increased during the online/offline transfer.

I did alright on Poloniex as far as trading but I'm stopping until they get their site lag fixed. It sucks when their site lags while trying to make a trade. They claim it's always a DDOS attack but I can see it easily being insider trading since prices still go up and down while traffic can't use the site and their coins are tied up in a trade.

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4 hours ago, yukon said:

Bitcoin price is currently $2404.

Lovin it.

Man, that's a lot of money laundering...

This time last year BTC was < $500.

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