Bitcoin and Cryptocurrency Thread

[LUClEN]

Bought 13 LiteCoin in November for $1k

Money dance

 

[Cinco]

Bought 13 LiteCoin in November for $1k

Money dance

Goat

Gonna look into some of those symbols

 

[LUClEN]

be careful with coinbase. I have no persnal experience with them

but the rumour mill informs me that they send info to IRS

Be careful with this tax shit

iirc these technically count as capital earnings

Always set money aside to pay taxes.

For all of ya'll this ain't no hustle. Pay your taxes.

I'm not planning on claiming my capital gains... Unless I end up incorporating in Jan

 

[LUClEN]

Bought 13 LiteCoin in November for $1k

Money dance

Goat

Gonna look into some of those symbols

Adx is wack friend of mine bought it on my account through coinigy. Stellar is a way better investment

 

[inori]

Litecoin prolly going to hit $200 or more today

 

[konceptjones]

I know local bitcoins is a pretty anonymous way to unload btc. Friend of mine has used it. Meet up w/ buyer at a mcdonalds, grab a coffee, they shoot you the cash, you finalize the transaction from mobile, then you go your separate ways.

They had an episode of some show on Vice that showed a cat that did this. He had BTC, would meet you pretty much anywhere and would transfer it to you for cash. That's how he made his money. I guess there was a decent living to be made like that too.

 

[konceptjones]

Just dawned on me:

I started out with $7 worth of BTC that I got back in November of 2016.

When I first started trading altcoins, that $7 worth was then worth ~$23.

I ate a HUGE loss with Stellar, but somehow I was back up to ~$30 within weeks.

Right now That $7 worth of BTC that I got, minus the losses from this summer, is worth $65.

This shit is crazy. I'm about to buy a more powerful PSU for one of my desktops so I can start mining Litecoin or Monero with this GPU I have sitting next to me.

 

[inori]

I don't know about mining... where im at the cost of the hardware plus the electricity bill wouldn't turn a profit for the amount of power needed for ME.. but yeah man if any of yall have some cash to invest.. i would recommend it.. and most importantly.. I would recommend that you HOLD..

Ive been holding for about 6 months and have already tripled my initial investment... imagine holding for a year or longer

 

[konceptjones]

I don't know about mining... where im at the cost of the hardware plus the electricity bill wouldn't turn a profit for the amount of power needed for ME.. but yeah man if any of yall have some cash to invest.. i would recommend it.. and most importantly.. I would recommend that you HOLD..

Ive been holding for about 6 months and have already tripled my initial investment... imagine holding for a year or longer

At this point mining bitcoin is a done deal for individuals. You gotta have serious money invested in purpose-built ASIC machines to do it these days. Altcoins like Monero and Litecoin can still be done individually, but unless you're ready to drop coin on a high end quad GPU box it's best that you join a pool just to get something. My situation is somewhat unique in that we don't pay electricity in this apartment, so there's no loss from power costs to calculate so I can run my shit around the clock without penalty.

 

[LUClEN]

Just dawned on me:

I started out with $7 worth of BTC that I got back in November of 2016.

When I first started trading altcoins, that $7 worth was then worth ~$23.

I ate a HUGE loss with Stellar, but somehow I was back up to ~$30 within weeks.

Right now That $7 worth of BTC that I got, minus the losses from this summer, is worth $65.

This shit is crazy. I'm about to buy a more powerful PSU for one of my desktops so I can start mining Litecoin or Monero with this GPU I have sitting next to me.

Recognize a real dawn when you see one.

If we had held the stellar long term we wouldn't have lost any money :/

 

[inori]

Litecoin prolly going to hit $200 or more today

A day later and that shit sitting around $350+

Crazy! I know you happy as fuck right now @Cinco lol

 

[Cinco]

Litecoin prolly going to hit $200 or more today

A day later and that shit sitting around $350+

Crazy! I know you happy as fuck right now @Cinco lol

Yes indeed I sold 3 LiteCoins today. Originally $76

 

[inori]

Litecoin prolly going to hit $200 or more today

A day later and that shit sitting around $350+

Crazy! I know you happy as fuck right now @Cinco lol

Yes indeed I sold 3 LiteCoins today. Originally $76

Recouped your initial investment... Smart man

 

[mc317]

Litecoin in this bitch

 

[obnoxiouslyfresh]

Ok guys. I bought a litecoin. Now what do I do?

 

[traestar]

@obnoxiouslyfresh see Sion's How to Invest, I answered your question.

 

[obnoxiouslyfresh]

@obnoxiouslyfresh see Sion's How to Invest, I answered your question.

Thank you @traestar

 

[traestar]

@obnoxiouslyfresh see Sion's How to Invest, I answered your question.

Thank you @traestar

NO prob

 

[DaBull]

man, i been looking for this thread on the IC, finally found it. lets get it, who in on IOTA?

 

[LUClEN]

Ok guys. I bought a litecoin. Now what do I do?

Wait for it to appreciate in value