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281  Alternate cryptocurrencies / Altcoin Discussion / Re: how much bitcoins do you earn per month? on: August 04, 2018, 10:18:17 PM
If you are able to consistently pull in .05 btc a month that is actually very impressive.
It's not the dollar amount that's important, the ability to build capital on your portfolio is what's important.

For me, I don't directly go for btc, but through a combination of bounties and micro day trading, I manage to earn about .01 each month.
The thing is, back when we were in a full on bull run, micro day trading was insanely profitable and I was pulling in .1 btc WEEKLY.
As volume slows down accross all the exchanges, it isn't as easy to do a higher amount of micro transactions.

Lately, I've been looking into finally jumping in to mining.
A colleague of mine has managed to create an ideal rig with minimal operating costs and has been showing me how he does it.
He manages to earn about .3 btc a month (although he had to plop down about $9000 to set everything up).
282  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Should I buy BItcoin or Litecoin on: August 04, 2018, 01:30:58 AM
Why wouldn't you want to buy 50% of each?
hedging coins against each other is a valuable and profitable investment strategy.

But if you really must only choose one, I would say btc, but only for short term.
BTC still has one or two more bull runs ahead and they will be massive.
But beyond that, I don't see it having a future.
And as far as ltc goes, yes, it's a terrific coin, but it only does things slightly better than btc.

When demand for mainstream crypto rises, it will be blockchain 3.0 projects that will take over.
Coins like nano, byteball, and iota that have no fees, are instant, and scalable.

Even if ltc is smoother than btc, it still costs money to use and maintain and that just isn't practical in the real world.
283  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance CEO: Ethereum and EOS Will Be Too Slow to Succeed in the Long Run on: August 04, 2018, 01:27:52 AM
Blockchain tech is certainly evolving, and there are already 2nd generation smart contract platforms that go well beyond eth in terms of features and useability.

EOS, on the other hand, is the biggest mess of an organization and will undoubtedly be used as the prime example of the crazy speculative years of crypto.
I mean this company ran a year long ICO and got valued in the billions of dollars without even having a product.
And once they got to launching the mainet, hundreds of obvious problems popped up, and now the devs have gone and handed it to the public.
Yeah, that's not going to go well.

But for eth, I have a lot of faith in it.
AS it is now, it definitely does not scale well at all.
But it has serious devs and serious milestones reached going for it.
For example, in terms of scalability, there is already plasma cash protocol along with raiden that should be fully useable by the end of this year.
284  Alternate cryptocurrencies / Altcoin Discussion / Re: Can I hold my altcoin for years in my wallet? on: August 04, 2018, 01:23:50 AM
On the technical side, of course you can leave it there forever.
Crypto, after all, is really just numbers and data.
If you really don't have any gas at all (meaning eth) then you can easily buy around .1 to .2 eth and that will last you a long time.

As far as the value goes, I'm not so sure about Klarity, but since crypto is in it's infancy, there are certainly many coins that have amazing futures ahead.
But, I also think it is foolish to assume that every single coin will one day rise in price and make you rich.

Although it is almost impossible for coins to die (in order for that to happen, people would literally have to stop operating the nodes for the blockchain and stop mining it).
It is very likely that the value of a coin can drop to nearly zero.
On top of that, if there is no trading volume, than you could very well be stuck with it and not even be able to sell it for one satoshi.
285  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think it makes sense to get bitcoin? How exactly does mining take place? on: August 03, 2018, 04:44:36 AM
It is absolutely not worth the time and investment to mine bitcoin.
It is way better to just buy it straight up.
This isn't speculation, it is mathematics and the reality of the bitcoin blockchain.

People have been mining bitcoin for 9 years now.
The amount of computing power it takes to hash out the algorhythms and discover a new block to get a btc reward is INSANE.
We are not just talking a supercomputer or ASIC processor, we are talking factory full of them.
Plus, the entire bitcoin mining community is basically dominated by two giant mining pools that unless you join them don't even dream about seeing some kind of profit.

So first, you would have to lay down thousands of dollars to get the right equipment to product enough hash power.
Then join a huge mining pool where your hashrate is a tiny percentage in the a sea of literally thousands of other computers resulting in tiny rewards.
Oh, and also, you have to pay an enourmous amount of money on electricity and maintenance.

So, yeah, just buy it instead of mining it lol.
286  Alternate cryptocurrencies / Altcoin Discussion / Re: Winner of this year, ETH or BTC? on: August 03, 2018, 04:39:52 AM
I actually don't want a clear winner because it will just keep the market volatile and unstable.

The best situation would be if the majority of the market value is divided up amongst three to four different coins.
It is never healthy to have one coin be worth almost half of the entire market value.
So if eth takes it's place, then we are basically in the same boat, everything hinges on the performance of that one thing.

In reality, I see this happening more naturally too.
As the market matures and crypto becomes more mainstream, there will be equal attention paid to different legitimate projects.
Investors will also wise up and see that btc and eth are really two entirely different things.
So I think you will see more heated competition between eth and eos, ada, neo, etc rather than the whole eth vs btc debate.
Also, btc is already 9 years old, in tech years that's like a dinosaur.
287  Alternate cryptocurrencies / Altcoin Discussion / Re: Why so many inactive participants in bounties campaign. on: August 03, 2018, 04:36:20 AM
Typically, bounty campaigns are run using stakes.
The more you contribute, the more stakes you earn.
Then, you get a higher percentage of the reward pool based on how many stakes you earn.
So if someone is inactive and not earning stakes, then it doesn't take away from you at all.
I guess a downside would be if there is a limited number of openings and a lot of it is taken up by inactive people, that can hamper the ICOs exposure.

Mostly, bounty hunters mass apply to everything.
I have seen that the mentality is quantity over quality.
I imagine that through that, there will be quite a lot of projects that they end up not following through on.

In my mind, doing it that way is just sheer madness.
A shitcoin is a still a shitcoin and worth zero, even if you have thousands of it in different shapes and colors.
288  Alternate cryptocurrencies / Altcoin Discussion / Re: [ask]Just Opinion Miners Vs Bounty on: August 02, 2018, 03:46:31 AM
Lol, it sound like you put your post through google translate, but I get the general idea of what you are saying.

Getting profit from mining is 100% tied to your location.
Due to the realistic costs of maintaining a mining rig, you have to live in a place that has adequate power that is cheap and easy access to hardware solutions.
Someone in, say, a developing part of the world might not be in a situation where this is possible.

Then, you have places like where I live, Hawaii.
The cost of maintaining and running a mining rig actually outweighs any profit I receive.
Sure, I could go mine a shit blockchain with relative ease, but once again, it doesn't come out as profit.

Bounties are totally different.  Basically anyone can join from anywhere.
It can be done in your spare time and can help you start a portfolio if you have no means of buying in.
289  Alternate cryptocurrencies / Altcoin Discussion / Re: Predictiing Cryptocurrency price.. Is it possible? on: August 02, 2018, 03:41:45 AM
Yes, you can predict prices, just the same as you can predict stock market prices.
But price prediction has never been exact, instead it is a spread where you can estimate time frames and price ranges.

If you aren't already, you really should start doing this.
There are a ton of bots out there that can gather data and interpret it for you.
Making buy/sell point ranges and sticking to a quarterly profit goal are all very important.

Of course, crypto is a lot more volatile than traditional markets, but you can put that volatility in your calculations too.
If you really don't have the time to learn how to do this, you can try investing in a fund or a digital asset array.
These are portfolios that are managed by professionals that you can buy into.
290  Alternate cryptocurrencies / Altcoin Discussion / Re: Alt coins are going down and down on: August 01, 2018, 02:48:16 AM
Actually, there has been a lot of stability lately.
If you take a look at the value of a lot of coins, they have stayed within a healthy range over the past month.
When you compare it to last Jan. of course it looks terrible, but it's best to look at the reality of the market now instead of how it used to be.

We are seeing a lot of faith going into btc again.
This indicates new money slowly coming in and also investors moving to more reliable cryptos.
There are many who see the BTC ETFs as the reason why this is happening.

AS btc gains more dominance and alts stagnate, this actually sets up an ideal scenario for massive buy ins of alts in about two months.
So right now, prices are incredibly cheap and it is the right time to buy.
Trust me on this, you won't see these cheap prices forever.
291  Alternate cryptocurrencies / Altcoin Discussion / Re: Advice to all bounty hunters. on: August 01, 2018, 02:44:47 AM
I am really starting to question if bounty hunters are beneficial at all in the first place.
From the company's standpoint, I can see why they would hire bounty hunters.
After all, they don't have to pay real world money for their marketing.

But I think if we had serious analysts hired to see what type of impact bounty hunters have, I am guessing it would be very small.
Most of the bounty hunters don't bring in any substantial real investors at all.
On top of that, you have all the scammers and copy and pasters.

The worst thing is, like you mention, they tend to dump their coins after getting paid.
This can absolutely destroy a token's economy.
you need long term supporters instead of people using the company to get a few free couple of dollars.
292  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum is officially dead on: July 29, 2018, 05:04:03 AM
So you are saying that it is officially dead.
Does that mean you are an official spokesperson of the Ethereum foundation and have the authority to declare that the platform will shut down and nodes ceasing to operate?

Seems a bit silly when I put it that way but you need to be very careful with the words you use.
Saying something like that can make you write off a project that is already incredibly strong and will only get stronger in the future.

People have been claiming that btc is officially dead for 9 years now.
Since eth is looking to surpass btc as the foundation of the crypto market, now people are targeting eth.
It is nonsensical and has no correlation to wise trading decisions backed by data.

Rather than gather people's opinions from bitcointalk, try crunching numbers and correlate them with developments like a real investor.
293  Alternate cryptocurrencies / Speculation (Altcoins) / Re: EOS will hit $ 30 in Q2 2018? on: July 29, 2018, 05:00:32 AM
Well, as of now, EOS is around $8.50, kind of far from $30 yeah?

A lot of people will say it is because of the bear market and all coins are suffering.
But the truth is, the mainnet launch was showed the entire mess of EOS in a big way.
How many people actually voted? How many people even claimed their mainet tokens?
In hindsight, does this look like a company that is worth billions of dollars and do you think they needed to fundraise for a whole entire year.

EOS was messed up from the start, and now that the main devs have dropped the project, it will go nowhere.
In the future, when people look back on the bubble crypto economy and how it burst, they will use EOS as a prime example of out of hand greed and speculation.

For those that still have some, get rid of them quick, before everyone realizes that they are literally useless.
294  Alternate cryptocurrencies / Altcoin Discussion / Re: I currently have 5 ETH. I should buy an ICO on: July 28, 2018, 04:08:57 PM
My advice is that you shouldn't buy into an ICO.
The simple reason is that the market conditions are terrible for ICOs.
Just about every single ICO (even the good ones) have fallen below ICO price after getting listed on an exchange.
On top of that, there are many that never reach their hardcap and just die off and fade away.

Instead, use your 5 ETH to hedge against other similar coins.
Research other smart contract platforms similar to eth (like ada, eos, neo, etc.) and decide which one is the most serious competitor to ETH.
Then split it between the two, like 2 eth worth of neo and 3eth.

This is a trading strategy that works and is widely used in the stock market.
Much more wise than doing an ico.
295  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins Down 80+% on: July 28, 2018, 04:05:05 PM
Well, going through and analyzing what's going on is a terrific way to inform your trading decisions.

But I hope the biggest lesson you learned is that mass opinion and hype are very unreliable.
Take Electroneum, for example, this one had insane amounts of hype and press coverage last year.
Because of that, it had a successful ICO and the price skyrocketed for a couple months after it was released on cryptopia.

But through all that hype, if anyone did any kind of research and had common sense, you could see that it was all just smokes and mirrors.
There was no product, no use case for etn, and ridiculous claims like "We will get the 6 billion user cell phone market!"

And here we are now, with etn being worth nothing and no signs at all it will ever recover even if we hit a bull market.
Kudos to those who can see projects for what they are and can turn a quick profit, but I feel sorry for those who foolishly believed in hodling.
296  Alternate cryptocurrencies / Altcoin Discussion / Re: why are you now joining cryptocurrency, where were you in 2009? on: July 28, 2018, 03:59:35 PM
I guess a lot of people have thought, "If only I could have jumped into btc when it first came out, I could be a billionare!"
The truth is, blockchain was so remote and underground when it was released that only the most hardcore, bored, techies ever mined it.
On top of that it had absolutely no value for about a year and half and it wasn't until 2 years later that there was any kind of real exchanging going on.
The infamous BTC pizza purchase goes to show how people weren't very serious about it.
A guy offered 1500 btc for someone to get a pizza for him.

For those that are jumping now, it is very difficult time to be investing.
Not just because of the bear market, but because of the bubble economy surrounding crypto.
At the rate things are going, the market will bloat and explode with a vast majority of the projects going out of business.
For someone that has no investment experience, it would be very difficult to figure out which ones have long term value and which ones don't.
297  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Crypto Market all RED today. I am so scared on: July 27, 2018, 03:06:05 PM
So the original post was about a month ago.

I wonder if the op is still around or if he panic sold.
since he said he lost 70% I'm guessing he bought in around dec/jan when everything was at an all time high.

It takes a lot of patience, strategy, and knowledge to be successful at trading crypto.
It is not some kind of magic land where everyone will get rich.
In a very volatile marketplace there are more people who lose than win.

The best thing to do when your portfolio is that low is to research ways to minimize your losses while still setting yourself up to take advantage of the next bull run.
This means getting rid of shitcoins with no future and shifting them to more legitimate projects that will shoot off at the end of the year.
298  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this the end of cryptocurrency? on: July 27, 2018, 03:03:03 PM
Guess what?
People have been asking that question ever since Satoshi created bitcoin.

Can you imagine what it was like in the early days?
Basically just a bunch of tech geeks mining as a hobby, amassing hundreds and thousands of btc for fun.
I'm pretty sure people were wondering if crypto would even be around in another year.

Then it actually became worth something and traded for a couple hundred dollars.
People were saying, "It's fake money! It will never last!"

Now, here we are with the market being worth billions of dollars and people are still skeptical.
Crypto is here to stay.  What you should be asking is what companies will be around 5 to 6 years from now.
299  Alternate cryptocurrencies / Altcoin Discussion / Re: The best pegged currency on: July 27, 2018, 03:00:01 PM
Any pegged coin in an unregulated, volatile marketplace is a shitcoin.

One of the major criticisms of the crypto market is that there are so many people trying to create money out of thin air.
Trying to peg a coin to a real life asset to when there are no laws or insurance in place to guarantee that liquidity when you want to cash out is very scammy.

In America, ever since the great depression there have been regulations in place to protect your money and to also protect those who lend.
What protection do you have with tether or any other ones?

Aslo, get real here, you seriously think a company like tether and all it's shady dealings has the means to liquidate 2.5 billion dollars?
And those that try to have a crypto be backed by a real life asset like precious metals.
It is way better to just buy the actual bond for the precious metal instead of some fake "certificate" coin.
300  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you still believe in the cryptocurrency market? on: July 26, 2018, 09:31:13 PM
Lol, I'm guessing those things happened to you?
If they have, don't be so hard on yourself, it really is a volatile market where it is easy to get screwed over and make mistakes.

For me, the biggest discouraging thing that happened to me was getting scammed with Titanium.
I was planning on doing a quick flip and could have made a quick x3 profit but I was flat out greedy.
I decided to wait a bit, this was back in January, thinking I could get more and then there was the stolen titanium fiasco.
And now, it is straight up dead.  SEC moved in, shut the company down and is in the process of seizing the assets.
It is delisted and now is literally worth 0 dollars.

But, I decided to learn my lesson, cut my losses and move on.
What else can you do?
If you don't then you are just doomed to make the same terrible financial choices over and over.
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