Bitcoin and Cryptocurrency Thread

[LUClEN]

@konceptjones I hope you traded for that gnt fam. It's been popping all week. I made 200 bucks last night.

 

[LUClEN]

Right now is a good time to buy XRP

 

[konceptjones]

good shit, I've been meaning to get back to you on this.

 

[LUClEN]

Bitcoin Ballin

 

[LUClEN]

Another coin, DCR, just started popping

 

[LUClEN]

DCR just peaked and will retrace a bit, as it comes down it would be a good investment to exchange some Bitcoin

 

[konceptjones]

yo @LUClEN what's good to get started with? Like I said I have about $20 worth of btc.

 

[LUClEN]

I think for long term, DCR is a good bet. It's a bit late now, it just came up a lot this week. You would have almost 40 bucks already if you had bought around the time of my post. But there is room for more growth so if you hold long term you could see double in the upcoming months.

 

[konceptjones]

word @LUClEN, so are you doing margin trading? and what's good to get in with right now?

 

[LUClEN]

word @LUClEN, so are you doing margin trading? and what's good to get in with right now?

I don't margin trade. The risk is bigger, especially when your account is small. I trade through the regular exchange. Buy coins with bitcoin and when the coin increases in value trade back to bitcoin.

I think dcr is a good one long term. Ethereum will be good long term, too.

Right now I'm not sure what will be good short term.

 

[konceptjones]

Ok, I transferred a lil bit of btc to my Polinex account to test the waters out. The one cool thing about this over something like penny stocks or any other markets is that it's open and trading 7 days a week 24hrs a day as opposed to stock, currency, or commodities markets.

 

[konceptjones]

what do you think about Siacoin? Been reading on it and if I make it over to my storage unit I may pull my desktop out to start mining it.

I just picked up Siacoin, Golem, and Dogecoin to see what I can make happen.

 

[LUClEN]

If you can mine I strongly suggest doing it. Find a coin that trades at a decent value and will have a decent return on your mining time-investment. You will make so much more money.

I think it's a bad time to buy Doge. It recently experienced big spikes in price following some new developments in the technology.

Siacoin has seen good growth, I think you're good long term, as long as Bitcoin doesn't shit the bed again like it did last week (went from 2800 to 1800).

 

[konceptjones]

Doge looks like dropped off a few points over the last week or so. I figured catch some now then see if it goes back up. If it doesn't short term then I'll just let it ride out until it gets better then unload it.

 

[Fosheezy]

I think I'm up for learning and playing a bit with this. Have no idea where to start though as I only heard bits about Bitcoin. Never imagined there was any earning potential worthy of the effort.

@LUClEN , how much USD does it take to start using this? How much USD you started with?

 

[mc317]

I fuck with coinbase.com

 

[LUClEN]

I think I'm up for learning and playing a bit with this. Have no idea where to start though as I only heard bits about Bitcoin. Never imagined there was any earning potential worthy of the effort.

@LUClEN , how much USD does it take to start using this? How much USD you started with?

I started with thirty dollars

 

[konceptjones]

whooo...

I fucked around and forgot about my shit for a few days and looked today.

I'm taking a real beating on Siacoin. I got in at 400 for .00000606 and it's sittin at .00000489 right now. I saw it hit 624 the day after I bought it and shoulda sold it off then.

Dogecoin I copped 1000 at .00000129, it's at .00000116 as I type this. About an hour after I bought it it was at 135, I prolly shoulda sold it off then.

DigiByte dropped as well, but since I only have 3 of 'em I can sit tight until it recovers.

I ain't sellin shit until I can at least break even.

 

[Qiv_Owan]

So how much do u need to buy one bitcoin?

 

[konceptjones]

So how much do u need to buy one bitcoin?

as of right now $2618.51