Chinese need to take an interest in Monero and start buying/ mining XMR, that way trolls can make posts about how "China controls Monero", "Chinese manipulating price of Monero" just like they do with Bitcoin.
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I don't know, personally I'm pretty skeptical that Litecoin will continue to rise. It's great that we have some news of development and the price is trading up on the exchanges, but what are you really doing with LTC besides speculation? Is there one site that accepts payment in Litecoin? 0.005 seems like the max and even that seems pretty high IMO.
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Anyone selling access to online accounts like HBO, Netflix, etc is probably going to be assumed that its a hacked account or a stolen credit card.
I would actually love to hear an explanation to how someone can sell access to one of these accounts for so cheap and have it be legit.
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Exodus imminent with M2!
Is there some information on Exodus integration? I've never used this wallet. Anyone have experience/ review of it? Pics of the GUI look nice but I would like to hear opinions from someone who has used it.
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What you're trying to suggest is unclear. We make a post here. Suppose I have 50$ = 0.05BTC I invest 0.01BTC in MoneroCoin, 0.02 in DogeCoin, 0.01 in Egaas, 0.01 in any others I would post all my trades made here. Suppose the price rose of let's say DogeCoin and LiteCoin and the rest have fallen. I make a post stating my profit and/or loss every week Wouldn't this be a tedious task?
A quick summary of what you invested in, how much profit/ loss you had shouldn't take more than a few minutes. Maybe once a week is too often. At the end of every month could be easily doable.
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In America black people write welfare carols talking about how great it is to receive checks from the government and talking about how they can't wait to spend it on booze or drugs: https://www.youtube.com/watch?v=4j_cOsgRY7wMy gf worked at the welfare office and people would come in every month to get their checks or apply for benefits wearing fur coats and driving a brand new SUV. I actually hope President Trump slashes benefits for people like this because they are leeches living off the hard work of others. There is a term here- "Welfare Cadillac" people driving a brand new car that taxpayers paid for and they don't even have gas money to fill the tank.
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I actually think xdrpx makes a point we should all take notice of. Most people simply aren't buying Bitcoin because it is of no use to them. They can't spend it at any store so there is no reason to own any other than as an investment, to speculate on the price.
This shows that even though there have been a HUGE increase in the price of Bitcoin, we still have the potential for much more. If more online stores started accepting Bitcoin payments and it gained mass appeal as a payment option, there is no telling how high the price could go. People would be saying "remember when Bitcoin was $900" just like they talk about the guy spending 10,000 coins to buy a pizza.
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I still think practice is the best thing to learn trading cryptocurrencies. There are definitely similarities to stock/ forex trading- huge jumps based off rumor and speculation over announcements, but also some big differences- mainly that the markets can be un-predictable due to manipulation. Pumps and dumps have a huge effect on the alt-coin market.
Your best bet is to make a small deposit on an exchange and try some trading! Read some posts on the forums about new projects and see if you can spot indicators a coin is heating up. Ignore people posting in the chat-box on any exchange. 100% of the time they are trying to hype a coin so they can dump it. No one is advertising free money to be a nice guy. With a bit of practice you can make some money, but be prepared to lose everything because the markets sometimes make no sense and are heavily manipulated. Good luck!
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We are definitely at the "new paradigm"/ "bulltrap" area. Price will dip a few dollars back to around $900 or just below and everyone will panic, start selling coins, and then the FUD trolls can come out from their rocks to tell us how "China is manipulating the price of Bitcoin", "the bubble is about to burst sell your coins" etc etc....
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Cool, but its still relying on a third-party app to make payments. We need to get to the point where you can send a payment to Starbucks from your wallet, although to accomplish this you may always need a third-party because of the confirmation times. No one is going to sit for 45 minutes to pick up their coffee waiting for their transaction to confirm, and no store is going to let you walk out before they know for sure they actually have payment for their goods, even if its only a $5 coffee.
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Honestly the only reason I care about the price is because I'm trying to maximize the number of FCT I can buy. Every few weeks we get another announcement of a new partnership, a new government grant or investment. Factom has the possibility to be a name in the tech world like Lenovo, Cisco or one of these companies. Maybe not a Microsoft/ Google level, but certainly worth some serious investment if you can get in early.
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I'm going to start a personal challenge- take a small set amount- say $20 or $50 and invest it in some alt-coins. Keep track of each trade and any profit or loss, and post it in the thread at the end of each week. At the end of the year post a total profit or loss.
Would anyone be interested in doing this as a group? Everyone would have to agree on the starting amount and of course, no cheating since its just for fun anyways.
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I agree that right now may be the time to pick up some cheap alts. I cashed out my Bitcoin to alts as soon as it went to $900 since I don't see it going higher in the next day or two. It may take a couple weeks since everyone will be focused on Bitcoin, but you could easily make 25-50% return in the next few weeks if you pick the right alt.
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If you don't currently own 1 BTC, I say make that your goal for 2017. Remember, most of the world still has no idea what Bitcoin is. Even paying the current price, a few years from now you may still be considered an "early adopter". All we need is one big website like Amazon to start accepting payments in Bitcoin and a price of $900 will seem like a distant past.
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After the huge drop I think anyone would be crazy not to pick up at least a few Factom. The project has really good long-term plans, partnerships with several companies planning to use their technology, and the possibility to use the tech for many other things. There is a good chance this will be a great investment a few years from now. Buy now, HODL and be glad you did in two or three years.
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Most people still have no idea what Bitcoin is. That might mean that even buying in at $800 to 900 could make you an early investor. Imagine a scenario five years from now where Bitcoin is actually covered in the mainstream media and the price is watched like the stock market. Owning at least a coin or two would put you in a much better position than 99% of the population.
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I would be very careful of any ICO in the coming year or two. Crypto is the hot new thing, the way to make a quick buck for developers. We are going to see a ton of projects launch, dump their coins onto exchanges and disappear in 2017. Even more so than the last few years.
There might be one or two projects worth investing in, but I predict 99/100 will fail hard.
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At this point, I would actually believe the price could hit $2k by the END of 2017. Price is going up fast, but to double at this point after we already had a huge jump would require some big news. If we had some big service start accepting Bitcoin, or some huge financial change it might be possible, but I doubt natural growth would hit $2000.
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If you were fortunate to be an early investor and sell at close to $900 each coin, you just made a huge profit. Even if prices continue to climb, you can always buy back in with some of your profits. Personally I'm happy with just a tiny bit of profit off Bitcoin, so I can imagine its a nice feeling.
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A little info would be good. Why choose LTC over Bitcoin or any other currency? Is the ROI on the gear that much sooner? Would love to hear some reasoning. Seems like unless you have some really great plan or inside information about Litecoin, there might be more profitable coins to mine if you are able to get a backer to make a big investment.
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