Bitcoin Forum
May 23, 2024, 02:28:06 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 [11] 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 »
201  Bitcoin / Wallet software / Re: HW Wallets & SW Wallets are a Scam - They & Exchanges are Main Theft Vector on: May 26, 2021, 06:21:38 AM
That is why the Web of Trust concept was created. You mitigate the risk of seeing a compromised key by asking other sources whom you already trust to sign the key for you. For example it could be a friend(s) that you know in real life that you receive their PGP public key on a floppy disk Smiley
That way you are reducing the risk of having an impostor's key by getting the real key from multiple sources that you could trust.
I bolded parts of your post because you confirmed that there has to be trust somewhere, by it a friend or another source you consider to be trustworthy. You are trusting your friend and the medium of storage (the floppy disk). I also bolded mitigate and reduce because they are the correct terms for this topic. The risk is not eliminated entirely. it's reduced or alleviated by a certain/significant degree.     

The entire premise of bitcoin was trustless, or trust no one, now your saying 'gotta trust somebody'?

Hell no.

All SW & HW can & is compromised, hell the US Gov largely demands backdoors in all tech.
202  Bitcoin / Wallet software / Re: HW Wallets & SW Wallets are a Scam - They & Exchanges are Main Theft Vector on: May 26, 2021, 06:19:59 AM
Wallet Software is dangerous, free trojan horses.
They're not.
Everything is offline. Get a couple of dice, say roll the 32 times and write down the numbers, then enter the numbers on an offline laptop, that is virgin, no web-browser, sort of like the hive-model, virgin clean no chance of malware. You run "KU" for python bitcoin/pycoin, ku will take the generated random number and generate your WIF, you write that WIF down. Your done. You engrave that WIF on some metal, and put it away. If you want more special private-keys, do this again.
Debatable. To any newbies, don't go throw your 6 sided dice 32 times and expect to not get hacked. That is not sufficient entropy. Humans are mostly worse than computers at generating anything with sufficient entropy and considering that you've been preaching about your magical private key cracker, I would think that you would have emphasize for people to generate their keys with more entropy Huh


I believe the rest has been addressed enough. Your paranoia is unfounded; Trezor gives you the full schematics to build your own, so does ColdCard and various other HW wallet operators. You can just as easily supply your own entropy to them or use your own generated seed. If you cannot trust any wallets, then I really don't see how you're going to use Bitcoin at all.

Throw the dice 32 pairs, right down the sequence of digits,  has far more entropy, than a deterministic random number with a known seed; A generated random-number, can always be determined by those who wrote the software, they knew the seed, they can generate all possible outcomes, and then later check the generated-keys for balance.

With dice, nobody can ever guess or know what I rolled.
203  Alternate cryptocurrencies / Mining (Altcoins) / Re: World War Chia: Classic-Plots versus Portable "Porn Plots" on: May 26, 2021, 06:15:22 AM
This guy spent weeks shit talking about bitcoin.  Now it appears hes pumping chia (via innocent "how do i questions" or examples)

scammer.  and prob works for chinese gov =>

R U Staking me?

POS, POC, POW, POA ( proof of arson ), chia burns up drives.
204  Alternate cryptocurrencies / Pools (Altcoins) / Re: Ecopool - pool for mining Chia on: May 26, 2021, 06:12:07 AM
Hello everyone, we invite you to the new centralized pool Chia Ecopool http://ecopool.group , discord https://discord.gg/HT9HKVuV , telegram https://t.me/chia_social_mining . Of the advantages, this is a modified plotter, which is 25% faster than the usual one. You can ask all questions in the discord.

Its just a circle-jerk, this is not a pool, unless pool has been re-defined to be a circle-jerk.

CHIA has not released the pool interface ( get-block-template() ), even though the block-chain began in 2017, 5 years later they don't have a pool protocol.
205  Alternate cryptocurrencies / Mining (Altcoins) / Re: How Can I create CHIA PLOTS to "Mine" CHIA XCH Coins and get rich like BTC? on: May 26, 2021, 06:09:02 AM
and then on my super-computer ( 3 nvmes, 32 cores, 64 gb ) I started burning plots ( 108gb files ) that contain hashes, I can generate 32 plots a day,
Maybe u want to learn next time BEFORE you post crappy instructions?

 
I get 20/day with a single SSD and only 6 cores and still playing around.  Roll Eyes

https://imgur.com/5cMuTwQ

On a single NMVE I can get 16 plots per day, I was talk about $$ day there not plots dude.

I can do 32 plots/day, but I don't I do 16 plots/day, and I average income of $20/day, the purpose of the post is to remind all that nobody is making real money in this scam.

I make more money miniing ETH, without risk of killing my HW, so far this month alone I have killed 3 drives playing with chia.

My 3-nvme system is the only one I use for plotting ( creating 108gb plots files), one nvme for the os, one for plotting, one for plot-temp, I only run 4 plots, gen every six hours; Sure I can do 32, but why?

My 16 plots day, barely keeps up with the 8.9% EB space-growth, now what 10.9EB? Yesterday 10.1 ( 10.1 billion billion bytes )

Unlike ETH, where you add cards, here more plots just keeps you even, you stop making plots, and you fall behind.
206  Alternate cryptocurrencies / Mining (Altcoins) / Re: How Can I create CHIA PLOTS to "Mine" CHIA XCH Coins and get rich like BTC? on: May 24, 2021, 12:27:42 PM
Who needs this chia scam shit ?

"On February 9th we released our Business Whitepaper and mainnet launched for farming rewards on Friday March 19, 2021. Transactions were enabled on May 3, 2021. You may also be interested in our new consensus working document which was implemented first in Beta 19 on January 12, 2021."

But for some reasons those scammers forgot to tell about '2 500 000 TB!!!' were pre-farmed.

The only thing they "doing well" is that they spammed all the media resources with their paid advertising.

Even this forum thread is fucked up by dozens of the same topics about how "beautiful" Chia is.

BINGO

All marketing, and nothing else, but the blowback is here the most prestigious papers & on earth are now calling out chia

1.) bram is a compulsive liar, admitted liar to boot, he doesn't even hide the fact that virtually everything he has said was a lie

2.) Chia is a worst polluter than bitcoin, imagine that?

https://davidgerard.co.uk/blockchain/2021/05/22/news-everybody-hates-chia-defi100-rugpull-china-versus-mining-china-versus-crypto/

I don't see chia everywhere on this site, very little actually, and even less people here know zip about it, or have even tried to use it.

They also have dozens of paid influencers on youtube, some of the biggest names on YT have all whored themselves on the behalf of this scamcoin, having destroyed their credibility, talking to you caleb and bud's

CHIA has managed to spend 90% of their budget on marketing, and nada on development, blowback is here now as their sw is seen as shitware.
207  Economy / Speculation / Re: BTC has broken the $40k barrier, next test is $31k, then on to $10k on: May 24, 2021, 12:12:28 PM
Any one who are still uncertain about the BTC price just remember this simple fact: BTC is the King of cryptos. BTC will only die when the whole crypto world disappear.  Do you think the crypto world will disappear? BTC may crash down to 20k or even 10k but it will bounce back to 100k+ inevitable in a matter of months.
I do agree that it will bounce back but I don't think that it will be able to do it within a months time, remember that the market had a hard time going up to 60k and then it went to a 50k limbo, I think that 100k takes a lot of time before it can happen.

$66k was $1.2 TRillion USD Capitilization larger than any USA corporation, bigger than most military budgets on earth

To go to $100k or higher would be bigger than the USA GDP, do you have any idea where this money is going to come from?
208  Economy / Speculation / Re: BTC has broken the $40k barrier, next test is $31k, then on to $10k on: May 24, 2021, 12:10:41 PM
Another FUD! smfh.
Do you have anything more interesting than this one?
This is such an old FUD.
Do you have any proof about Tesla selling their Btc holdings? And do you have proof about corporate investors exiting the market?
If you do, then update it in your OP, because what we believe is happening with the Btc price today is just a normal correction/ consolidation period.

I called this a week ago, and it did break the $31k, and the $10k is a coming, truth is a bitch
209  Alternate cryptocurrencies / Mining (Altcoins) / Re: How Can I create CHIA PLOTS to "Mine" CHIA XCH Coins and get rich like BTC? on: May 24, 2021, 12:26:44 AM
I thought this was pretty concise btc-room.  I have heard about a bunch of problems, and as you alluded, there is so much bullshit out there about plotting and mining.  So with that said, does anyone think its worth it to get involved at this point?  Seems like something to dip your toes into but seems like its a trainwreck.

Thanks, here's the real deal, we can no longer get GPU cards for our mining rigs and our hobby.

My rigs pay about $30/day on ETH, been so for years, but now I can't buy new cards.

3 months ago I stepped into 'chia', I took a rig partially filled, added some hard-diks, and then on my super-computer ( 3 nvmes, 32 cores, 64 gb ) I started burning plots ( 108gb files ) that contain hashes, I can generate 32 plots a day,  for every 400 plots a day I make 1XCH per month, I don't care just like ETH I just accumulate.

What about price, I really don't know, could go to to zero. If the arseholes at chia-dev continue to piss off china with their 'porn plots' then this thing will hump to zero, remember it was chinese ious that drove the price of xch to $1600, now $600, the plot space is still rising 8%/day, now its 9.8EB ( billion-billion bytes )


So here I am  can't buy gpus, so about 3+ months ago, I put in a bunch of orders to AMZN for HD's, NVME's, and sata's they're coming in now, and I'm glad cuz the price has gone 2-3x since February

Is it worth? Its exactly like mining ETH, $25/day is geting rich, it ain't breaking even, its just accumulating crypto off the grid. Compeche?


Lastlly, I just tell the truth in this scam laden den of BS, you can't handle the truth don't read what I post. ( not saying this too you summy to the woke who can't handle the truth )


Is it too late? Well like I just said, you need multiples of 400 plot, that's 40TB, thats 4 * 10 TB drive, which are now un-available except at 4x, and probably used sold by a scammer on ebay. So its not too late, but only if you got the NVME's already, the Sata-ssd, and the HDD ( high cap )

Heres the deal, you will burn up the NVME every 100+ plots, the sata-ssd is for temp storage of plot, and final write is to the HDD on the system, the plot engine doesn't work well on the lan, so you must generate plots on your super-computer, then pull the drives & add them to your rigs.

Just like GPU you wait, I guess would be the answer, as only a FOOL would pay todays price for an RTX-3070, I paid $500USD six months ago, now they're $2,000; So you wait until the price for GPUs collapse. Same for HDD today

On the other hand if you have high-cap driives then do it, but realistically you need at least 100TB ( 1,000 plots )

Think of it this way every 100 plots ( 10TB ) is like one gtx-1060-6gb.

So every 'rig' needs ten 10TB drives, I would limit 10TB because if you have a drive failure, you would lose 180 plots on a 18TB.
210  Alternate cryptocurrencies / Mining (Altcoins) / World War Chia: Classic-Plots versus Portable "Porn Plots" on: May 24, 2021, 12:15:30 AM
Are the plots we build in Chia wallet the original plots?


Right now we are all getting 'classic plots' from chia-pos aka 'chia plot create' cmd-line

And can Connect them to the pool or not?


yes, for the past 3+ months you can 'mine' your plots on hpool.com the site is in english it takes about 2 minutes to setup there are videos on youtube, there are guides on medium.com, of course chia-net says that good sheep don't use hpool (dot-com), 90% of all blocks are found every 5-15 minutes in ASIA with Hpool (dot-com), seems like only the 'woke' in the West have been 'sheeped' in this scam

What is the original plot and the portable plot?


original plot aka classic plot is the real deal, 'portable plot' is a new scam by Cohen ( the porn king of the internet aka bittorrent ) where he re-purposes classic plots into porn-plots aka 'portable-plots' where he rents your disk-space to others and pay's you 5 cents per day for each 1T., remember Amazon charges $20 for 1T, at 9.8EB Cohen would be earning $20M/day off your hard-disk

How to Build them?

classic plot build 'chia plot create -t fasttemp -2 slowtemp -d hdd'

Keep the old chia-pos software forever, because in the future chia-net will not longer let you build 'classic plots' so it must be in defiance just like right now where we're told "Do not run hpool.com, but we do, because some of us are not sheep', besides everybody knows that solo-mining doesn't work accept at pre-mine.

The software to build 'portable porn plots' has not yet been released, IMHO given the entire chia blockchain is non-functional the chia-dev has better things to do than buildup their porn fetishes.

If we want to connect to the original Chia pool, We have to start plotting on May 31st?


( These dates are meaningless, chia-net has never released any software on time, and when it does its unusable mess of bugs)

If you want the 'classic plot' you started plotting two years ago,in the future just refuse to use the new 'port plot engine' what I have already done is fall back to version 1.3 of chia-plot, and I have quit updating.

Most of the reason that Cohen&Hoffman are pushing portable porn plots is to punish hpool.com for beating them to the punch-bowl. Thing is no blockchain on earth provides the 'pool' that's all on the outside, the blockchain provides an RPC interface called 'get-new-blocktemplate()' when called by a pool they start a new block. With CHIA they never released the pool interface so hpool.com wrote their own.

Given that hpool.com is already finding 90% of all new blocks &XCH in asia, they will never use the new chia software, so we will have chia-classic forever, and the new chia-porn which who in the hell knows when it will come out?Huh IMHO almost never because the chia-net team has been mis-managed since 2017.
211  Alternate cryptocurrencies / Altcoin Discussion / Re: Mining chia network with HDD it true ? on: May 23, 2021, 03:41:57 AM
it seems that this project is the new fashion but the exponential growth it has seen makes it difficult for many enthusiasts who do not have quality hardware... guaranteed there is nothing but I think it is an interesting project, you will find many video tutorials on Youtube.

For months the space size ( now 8.5 EB, 8.5 billion-billion bytes ) rises 8% a day, or every 9 days doubles; The prices is dropping 3% a day. Parity will soon be achieved where space growth will collapse, however long after the price has collapsed. Fools always quit an activity long after the ROI has gone to nil.

ALmost everybody concurs that the HDD & SSD manufacturers paid these companys  to push space crypto, so to make HDD the new GPU shortage, and 5x the price
212  Alternate cryptocurrencies / Altcoin Discussion / Re: Mining chia network with HDD it true ? on: May 23, 2021, 03:38:36 AM
it seems that this project is the new fashion but the exponential growth it has seen makes it difficult for many enthusiasts who do not have quality hardware... guaranteed there is nothing but I think it is an interesting project, you will find many video tutorials on Youtube.

The videos are all paid influencers all using the exact same script, and the exact same  free hw plugs months ago, the influencers have led their sheep to the slaughter as solo-mining chia returns zero

There is not a single site on youtube telling the truth, its like the entire narrative is/was already signed off by cia-nsa, hell youtube is google, but amazon aws in on chia, and so is google, so no wonder they don't allow the truth, aka dissenting opinions

Both google & amazon make money by hosting morons to host their plots (108gb files), and to attempt to create-plots on their  virtual servers, at costs of 1000X of ROI;
213  Alternate cryptocurrencies / Altcoin Discussion / Re: Mining chia network with HDD it true ? on: May 23, 2021, 03:35:09 AM
Since you already have a calculator asking the audience if you will get chia with 50TB or 100TB is not cool, the truth is the calculator is showing you predictions of when to expect a block solved but I've seen many with over 100TB that haven't solve any blocks in months, chia solo mining is gambling

The HPOOL pay's out every 5-15minutes 100%

When the calc say 1 plot will win in 7 years, what that means is that you have a 51% chance of winning, but you also have a 49% chance of zero ROI

What HPOOL does they have all the ASIAN miners, and they split the pot an every win, they get like 90% of all the wins, my HPOOL returns 4x what the chia-calc predicts.
214  Bitcoin / Bitcoin Discussion / Re: 99% here don't get CHINA, how about an honest discussion about CHina? on: May 23, 2021, 03:25:06 AM
A long history of money laundering operations by chinese billonaries funding 'western' cryptos, one of my favorites in recent years was Bitcoin-Gold, like Todays Chia

Financed by the bitcoin-cash guy, had Ukrainian's do the work, as a ukrainian crypto, but really 100% owned & controlled by China

The CHIA of today much the same, said to be a USA coin with US Dev, but already the Chinese are mining 90%, and 90% of the mining is ran by the HPOOL sw, and nobody using the chia blockchain daemon, because the chinese got the mining-pool protocols, but the west didn't, you really can't make this stuff up.

What's even more amazing is that 10's of 1,000's people in the west are solo-mining chia, and earning zero, as all the XCH goes to the chinese mining pool that controls +90% of the hash ( they call it plotting )

Given the inability of the Western gambler to see chinese ownership of Bitcoin, its not like anybody really cares that the alt's too are chinese owned.

Like the man said, never underestimate the power of a man to be dumb when his salary or income depends on him being an idiot.

In the meantime everybody in ASIA is getting 'rich' in cryptos, and a little trickles back to the West.

Which begs the question, so the NSA-CIA let China become ruler of Bitcoin, and now the PoC (capacitiy hdd coin), certainly this is not an accident, the investment is done in ASIA and development the miners, the hw, the pools, not a nickel is invested the USA; When it does get invested in silicon-valley, its almost always CIA money, or Chinese money.

Lastly, Rockefeller brought Mao to power in the 1950's, the same Rockefeller who setup modern OSS to CIA, same Rockefeller who setup BIS&IMF, so perhaps this great reset, is all being organized as a gradual flip of wealth over night from West to East??
215  Bitcoin / Bitcoin Discussion / Re: 99% here don't get CHINA, how about an honest discussion about CHina? on: May 22, 2021, 11:32:23 PM
It's not just bitcoin, its the future of crypto in China. BTC POW waste of electricity is out, the CCP have embraced Proof of Capacity, aka hark-disk-mining.

***

There are lots of chia-explorers out there that integrate all the found new blocks on earth ever 5-15 minutes, they also report the number of plots submitted; So to answer your question the data comes from the chia-explorers, where they average all the plots submitted.

https://miningpoolstats.stream/chia

The majority of all plots are on HPOOL in China, +60% last time I looked then another 30% come from china as anonymous, but I think they're also hpool, then the remaining 10% come from the west.

Chia-NET (dev) doesn't have a clue how many plots are being' 'farmed' because NOBODY in china uses the Chia-SW for anything, HPOOL provides their own miner, and their own plotter, nobody gives a hell about the chia blockchain, probably one of the big reason it doesn't work is that the entire network is about 'mining' XCH, and not about transactions, or blockchain,

https://chiacalculator.com/

The entire idea of mining has been thrown out the window, its not about transactions, its all about the plot lottery.

All this BS about plots, farms, harvesters,  & farmers. Was a great 'woke' green narrative, the truth however is that its the same as it always is/was the rich are getting richer, and the poor are getting screwed.

Chia-Net can only estimate how many of its sucker (users) have submitted plots through its harvesting nodes and integrated value, given that is 10% of all plots submitted, that's why the real data is picked up from the explorers, there are also global pool websites that monitor all XCH found, and the submitted plots; all this data is integrated. IMHO CHIA-NET get their EB data from the chia-calc guy, who sells plots, this scam is one big happy family of scammers.

So why does Bram&Cohen tell its sheep, aka flock of cultists "Do use Hpool, you'll shoot your eye out", well its because they hate to see anybody but themselves making money.

Then there is the control thing, chia-net wants control, but that was lost 6+ months ago. Funny the God's complain about China owning the 'mining' (Farming) but they never complain about the IOU's where Chinese gamblers shot the CHIA XCH prices  from zero to $1600.

Cannot have it both ways "Gods of Chia".

As of this point chia is evolving into the software from hell;

Space is now slowing down from 8% a day to 3% a day, but the price is also dropping 3% a day, once the price of Chia nears zero the space will drop dramatically as when there is no longer profit in gambling chia with plots in china then 90% of the worlds plots are pulled out, but also 99% of chia's investment capital from China is also pulled out.

What is left is Bram&Cohen get their wish they get to control a dead product. Moving forward the Chinese will not come back, and the $$$ will not come from 'woke' Greeny's in the West.

Chia has still not 'purposed itself', so right now we have 8.8EB of wasted disk space filled up with random numbers for what? 51k new plots added per day at 108GB, for what?

The guy in CHINA who ends up owning this thing by mining majority can deploy that EB anyway he wishes, he can rent the space out to anybody who wants to buy storage online just like Amazon and Google do, or file-chain.

Of course this has been Cohen's plan all along, remember he's the porn king of the earth 60% of the internet is BITTORRENT, and 90% of bittorrent is PORN. Don't think for a moment that Cohen losing control of the mining process doesn't destroy all his long term plans for renting out +10EB to the worlds CP content industry.

Moving forward who knows what's going to happen, but its not going to be chia-net, or anybody associated with these people running, and ruling CHIA Classic. It will certainly be China, an some billionaire will adopt it; The Chinese GOV actually likes file-coin, and I suspect they like Chia as well, this is why they will NOT let Cohen turn CHIA into a PORN server, as CCP hates porn, and prostituion, and CP, and child abuse, and denigration of women, this goes back to the founding of CCP, in the 1920's Shanghai was one big whore-house ran by the USA; They have never forgotten.
216  Bitcoin / Bitcoin Discussion / 99% here don't get CHINA, how about an honest discussion about CHina? on: May 22, 2021, 12:18:40 PM
To start with chINa& BITCOIN

First of all BITCOIN is NSA, sha256&secp256k1 are NSA, CHina  is trying to break itself away from the USA centric handcuffs.

THen there is jack ma, of taobao, aka alibaba aka ant, aka bitmain, aka antminer; see jack ma is the owner of 90% of all crypto in CHINA, china controls 90% of all crypto on earth.

Jack ma is already under house arrest, so the CCP has already taken over all crypto on the earth.

...

Then there is the cash infusion, chinese people are compulsive gamblers, everybody wants to play. The ONLY way these days to get rich in China is CRYPTO, which is why everybody is playing.

Of course GOV something needs to protect morons from destroying their familys, self abuse is ok, but not to destroy the family or communtiy; thus gov has to do something

PPL on this forum are rather silent about the fact that china owns bitcoin, they'll talk shit all day about 51% consensus, but turn their head if you mention that CHINA does 90% of the mining, which of course means that CHINA owns bitcoin, but its not just that, they run all the pools, and they finance all the projects on the earth. Take bitcoin-gold in Ukraine, financed by chinese billionaires, ... same for most of the silicon valley crypto, just a chinese money laundering op

What go me going on this is the "CHINA BANS BITCOIN", well they essentially have, by taking out jack-ma china now owns 90% of the worlds btc infrastructure, what they do with it will take years to figure, they move slow, they're in no hurry

Probably besides economic depression their greatest fear is the west undermining their economy with crypto, remember crypto came out of the IMF, BIS, & NSA/CIA;

Russia&CHINA are terrified of crypto, they see it as a trojan horse, how is it that something from the west, can be now owned by CHINA? Largely because the walmart economy post 1980's where all wealth moved to china, and all wealth is hidden in gold before  and now crypto, certainly the west could pull the plug anytime it wishes and bankrupt asia with crypto manipulation.

Most  work in CHINA involves developing their own crypto that isn't tainted by the NSA, CIA,MI6/5,GCHQ, ....all this takes time;

Then there is the golden-goose, china's not stupid about money, they see that bitcoin's capilization exceeds almost all western companys, there is a lot of money to be made, so why kill the golden goose.

The biggest play here is they by the fact of OWNING jack-ma, have already OWNED the entire world crypto infrastructure, all the ASIC miners on earth btc,eth,zcoin,...all are under chinese control, all call home for pools, all report, and all miners can be re-configured as they wish

CHINA is already 100% digital, nobody uses cash anymore its gone, hell I remember 15 years ago in city's all ICE vehicles were gone all had gone to electric, 10 years ago; Most of china is today like tomorrowland of disneyland, while most of usa these days is an open sewer of homeless.

IMHO China will simply 'take ownership' of the crypto, just like they're doing. It will drive the west nutz, it will be west that has to 'ban crypto' so that chinese doesn't control western wealth.

This site is about BITCOIN, I dont' think bitcoin has much of a shelf life left, there are lots of new coins, and CHINA is looking at everything, the good thing is they have their fingers on everything, so they can't lose.

In the meantime everyone in asia  is still getting rich in crypto, unlike the west, where the IRS in the USA has largely setup road-blocks at every entrance & exit, in ASIA crypto is still largely wild-wild west.
217  Bitcoin / Bitcoin Discussion / Re: I have $150,000 US dollars and my target is a 10x gain. Stop me going all in now on: May 22, 2021, 12:02:09 PM
always leave 15-20% of your portfolio in USDT simply for the reason that dips happen at least twice per month. Being able to buy the dip allows you to get out of the hole quicker, is better for your emotions, and though there are too  many possibilities to quantify, I think over time your profits will be just as good.  The only other viable strategy in crypto is to just buy and hold.  It's alot less work.
What you have mentioned here are basic investment strategy as no one invest everything they have and they hold the reserve to invest when the market goes down especially when you are investment when the market is high. Most of the investors in the cryptocurrency market follow the buy and hold method as it is less risky and less stressful especially because of the high volatility.

The other major thing you need to follow is never use stop loss with a huge margin and the prime example was two days ago when the market had a good correction and anyone used the stop loss function might have liquidated their asset and then all of a sudden the market recovered and you might miss investing in it again.

Well they call it 'stop loss' for a reason. You also have the word 'margin' which means IDIOT or MORON in the security's world.

Let's your profits rise, and kill your losses early. Automated loss protection is a good idea, margin is never a good idea, unless your a get rich quick moron.

The greatest losses in human history on the stock-exchange are all tied to 'margin' where the house sells you out at the 1/2 loss without even the courtesy of a phone call. Great depression 10x margin was common 10% market decline, ppl jumped out of windows.
218  Bitcoin / Bitcoin Discussion / Re: I have $150,000 US dollars and my target is a 10x gain. Stop me going all in now on: May 22, 2021, 11:58:48 AM
Hi there,

First, a little about me.  I am a first-time investor to crypto.  However, I have had a few stocks (Roth IRA stuff) and tech stocks and overall have made the average 8% return over about 8 years.  I now have 150,000 to scrape together.

Principles:  I have a high risk profile.  I am patient up to 10 years.  I could buy and hold.  I do believe this 2021 is a once in a lifetime year.  The gains next cycle will be much less in 4 years.
I do believe that earlier is always better.  Did I say I have a high risk profile?

I have a few specific questions and I know it's just your opinions.

1.  Starting today on April 10, 2021 if I invested 150k in bitcoin, how much do the gurus expect me to have in 1, 2, 5, and 10 years?  Like would any idiot who just invested today and didn't sell expect a 5x increase within the next 10 years?
2.  I would use dollar cost averaging, but over what time horizon?  Invest 150k over the next six months?  Or just invest it all today since we all know it's going up?
3.  I could withdraw the old retirement fund and get the initial investment up to 300k.  Would you go all in using that?  I would not have much of a backup plan for retirement if this is the case, but like I said I have a high risk profile.  I do believe this is once in a lifetime.
4. If I want to pursue some alt coins, and again, I have a high risk profile, what % mix would you recommend?  33% alt-coins and 66% bitcoin, or 50-50, etc? 


Thank you!!

BUY HIGH, SELL LOWER

Welcome to Bitcoin

SUCKER

...

Had you 'invested' doge or shiba back in early april you would have gotten your 10x, bitcoin would have to go $500k to get 10x out of that bitch, the capitalization, would have to go to $15T USD, about the same size as USA economy. Why in hell does irrationality dominate btc? Had u 'invested' in btc in Early april, today you would see a 25% loss, enjoy the ride to hell.

'cash is trash' to quote dalio; nobody on earth knows where to put his cash these days, best is to diversify,

anybody who think they can get 10x is a 100% moron, you need to study history, sure if you dabble in 100 things, u might have one 'ten bagger', but its what they call a tail on the bell-curve, smart people know they're lucky to get 5% risk-free, that is doubling every 12 years, 2x; so you get your 10x at about 24-36 years. 2x,4x,8x,16x

In crypto, 90% of all who play, lose 100% of their stake the first 90 days, FACT

This site is largely paid influencers, and old-timers who just enjoy the ride. Crypto is a hobby for most, hell it can go down one year 90% and then back up 10x; Of course right now we're at a high, so this is  a terrible price point to jump in, biggest problem is most people can't be patient

"A fool and his money are soon departed" the truest words in human finance.

If it were easy to get rich, everybody would be rich ( they're not ), most people who come into money lose it the first few years they obtain it, guys that don't spend money, are the ones who accumulate. Buy say 90% of your cash in BRK.A, and take 10% and buy stuff like doge, shiba, & ilk its the penny alt-coins that go up 10x in crypto; learn something, if you still like the game then stick around, if you lose your $10k the first 90 days like 99%, then quit while your ahead.
219  Alternate cryptocurrencies / Altcoin Discussion / Is Capacity Mining a 'Crypto Cult'? Will "Chia-Plotting" End in Mass Suicide? on: May 22, 2021, 11:01:40 AM
People should just admit a mistake and move on, the biggest regret I'm hearing is that they didn't make any money, but then why haven't you been on HPOOL all along, earning chia, waiting for what?

Then there is this drive loss problem, 100's of people bought these 18tb drives, filled them up, and they fail, then the people go nuts about losing months of plots.

Drives die, I just had a 2TB drop dead the other day, controller failure ordered a pcb from china, pulled the old prom-bios, and it still didn't come back to life. Shit happens, Chia-Plotting kill's my NVME's every 100 plots, again shit happens.

Just dial it back, maybe 4tb drives hold 38 plots, is less risky than a 18tb, holding 175, doesn't take as long to replace.
I just bought two 8tb's and one was dead, its taking seagate almost 3 weeks to get me the new one, seller didn't help me because I failed to report the first 5 days of purchase, I didn't think to test, as the drives are piled up and I bring them in when I need new space.

Like everything only do what you can afford to lose, and mix&match, I was already mining gpu ETH done this for years, and I hack bitcoin as hobby, I'm only doing chia to diversify my crypto-hobby. A little space mining, a little gpu, and some classic btc coding.

CHIA is now a cult, and sadly too many people new to crypto have latched on to the cult bullshit about not using HPOOL, I knew from the very start that Solo-Mining was impossible, and I also knew that they were lying about chia, I knew the site was in english, I knew hpool was a trustful legitimate pool, all my pools are in china, so what?

What you have here is an over-hyped cult, and the next step is mass suicide, take a break folks, step back, quit waiting for the morons at chia-dev to develop a pool-protocol, mine what you have make some money and move on.

Quit putting all your eggs in one basket, I think 8tb drives are just right, the security kind we call WD purple, keep it simple; Take a rest from, and for gods sake quit waiting to make money, I think the biggest problem in CHIA is that people have spent months grinding their HDD's, and wasting their money, with NO ROI. For god's sake stop the insanity, the Chia-DEV are already terminal, you just watch their videos, and you can see the Cohen & Hoffman, are already exhausted emotionally & physically.

Everybody needs to take a break.

I make $20/day, on each batch of 200 plots, about the same as I would make on my ETH mining rigs; I never expected anything more or less, Chia Cultists are holding out for the 'moon' but all they have gotten is the shaft. This is not going to end well for anybody.

220  Alternate cryptocurrencies / Altcoin Discussion / Re: Has anybody here deployed 'chia plotting' on Amazon AWS?? on: May 22, 2021, 12:00:55 AM
I did find this company https://plottair.com/ so this is a good start, they want 12 BP ( british pound), what's that 15 USD? So I could be selling my 16x plots for 16*15 = 240$ /day

Let's see, thats 0.0012 xch day, or $1.03/day of chia income

So I can mine on hpool with 16 plots and get $1.03, or solo-mine with chia-net and get zero, or I could get $240/day selling my plots

You guess where this is all going? Right now my plots ( 108gb ) sit on my HDD, and they don't go anywhere, the mining-pool just sends a few bytes home to confirm I have a valid plot every few minutes, low bandwidth. Can you imagine when every body starts uploading 'plots' to to where? Where the hell is this storage, and for how much??

I can only imagine it must be file-coin?? Other than AWS, or google, who else has massive  storage? The folks above say you plot can be downloaded 3 times for 30 days, so they have a cap on bandwidth & storage.

I have always felt that the scam of chia was to target millenials wokesters, this is all making sense so they can do all this on their mobile phones and be green and never have to touch real hardware.

Lastly, the same guy who sponsors the chia-calculator ( bullshit in my opinion ), is the one selling plots and selling  chia. IMHO the only real barometer on how much a payout on a plot is, is how much hpool pays you for a plot and its right now about 1XCH/MONTH for 400 plots.
Pages: « 1 2 3 4 5 6 7 8 9 10 [11] 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!