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61  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: December 29, 2017, 01:21:12 PM
Waking up and seeing Volume on Bittrex... Wow!

From 20 BTC to 1600 BTC in 1 Day. Whales have jumped in. Looking at the order books Sell walls have been placed to keep prices low. They're accumulating.

When the walls drop expect the big pop in price. Next 24-72 Hours... XMG one to watch.

Cheers!

Strato
62  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: December 29, 2017, 06:03:50 AM
It's sitting around $2.00 now. I wish I had found out about the coin and started mining more than two weeks before the hack so I could have more coins than I do.

With the Hardfork scheduled (and highly planned by the Dev Team in terms of timing); I think we will see MAGI [XMG] trend higher up and through the fork process on the 31st.

If you read my past posts I've done a fairly detailed analysis on XMG; in terms of how it's been a bit of a sleeper/hidden gem for a very long time. I'm personally holding, as I think in the coming year we are going to see a huge shift in the altcoin trading world.

Coins that have survived the onslaught of the years past; coins that have years of development behind them; by active developers/coders; Coins that have a huge following/long tenure on forums (XMG has nearly 1100 pages of posts on Bitcointalk alone dating back to the ANN Post in 2014); these types of coins will see large gains as more and more people are now:

A.) Becoming aware of Bitcoin/Altcoins and the Trading/Investment Opportunities they present.

B.) With the huge rise in BTC/USD's price; Altcoins have followed in terms of their value when paired to Fiat Currencies. This will give Altcoins like I mentioned above (such as XMG); huge leverage in the marketplace to be seen as a real means of trade (when a coin is only worth a penny, or fraction thereof; little opportunity exists)... However with XMG now in the $2.00+ range, and as mentioned it will likely trend much higher as it's been I feel one of the very few coins that's been overvalued in the past year; XMG will be able to gain traction in terms of how XMG is used; and utilized in the marketplace. There will be lots of development opportunities ahead.

C.) We see coins trading well into the 0.01 and even above range; which have little to no tenure in terms of time since launch. Yet XMG has had an active community; and development team for over 3 years, despite trading in the under 0.00010000 range. This to me is likely the largest indicator that the Dev Team are highly dedicated to this coin's future; and they aren't going anywhere. They've stuck with it for 3 years; while 99% of the Altcoins launched during that timeframe have come and gone and are now no longer traded at all.

I see no reason why XMG can't (and should), and very likely will, be trading in the 0.00100000 and up range in 2018. There is simply no reason it can't as the Dev Team; especially now; has gained the attention of the marketplace and people are taking notice.

It's important to remember that people are literally flooding into the Altcoin Trading World... so much so that Bittrex had to temporarily halt new registrations because their servers were overloaded.

2 New (large venture) exchanges like Bittrex have been announced to launch in 2018. With all of that; and what I have outlined in previous posts; XMG is a clear buy and hold for the long run. Trying to trade on the swings is risky; as all altcoins see wild swings in prices day to day.  But I got into Monero and held all of my coins since it was trading in the 0.001 and under range... When BTC was $400... and those Monero cost $0.50 each, now valued at over $400.

Altcoin is a long term game. Simple as that. This recent rise in price is fantastic, but I believe this is just the beginning.

Cheers!

Strato
63  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: December 28, 2017, 01:58:00 PM
Nice to wake up to see XMG trending upwards this morning on Bittrex.

Volume up; price trending up atm and up 16% in the past 24 hours. Slightly off it's high...

I'm tend to not weigh technicals when analyzing altcoins (comparatively to stocks/commodities); but I'm surprised more traders haven't jumped in on XMG, it seems to have flown under the radar a bit in terms of valuation, current price point, how small the float is on the sell side, the order book on the buy side has doubled in the past 2 days in terms of BTC orders on the books, so support is growing (and sell orders have been bought up, 14% down in terms of available XMG on the ticker).

Will be taking a look at the Beta Release which was posted yesterday and give my feedback.

Cheers!

Strato
64  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: December 28, 2017, 05:48:33 AM
The following are for test only (NOT for regular use).

Prior post regarding the situation: https://bitcointalk.org/index.php?topic=735170.msg26644910#msg26644910

In case one wants to continue a test, here is instruction:

http://m-core.org/bin/block-chain/test-chain/instructions.txt

And binaries are here:

http://m-core.org/bin/block-chain/test-chain

There were some tests going on today. When we don't see unusual particularly, we will make a formal release. 

Thanks all.

p.s., there is a channel "dev" on slack, report issues there; we'll check over.



Awesome will be taking a look at these right away and congrats to the entire XMG Magi Team for hitting the mark and being right on time!

Magi is starting to really ramp up on Bittrex. Been watching closely now since 12/20. The amount of MAGI for sale has dropped by 15% (less people selling); and the the amount of buy orders has increased 50%!

In addition; the buy count of XMG vs sell count was roughly 1:1 for about a full week; and now buy XMG is at a 2.7 : 1 ratio - much higher demand!

Looking forward to seeing what's to come with MAGI!

Cheers!

Strato
65  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: December 27, 2017, 01:10:38 AM
Would it be profitable to purchase high-end CPUs for mining?
I think given the cost of high end CPUs you should factor the following:

Initial Cost of Assets (CPUs) + Time Involved to Setup + Maintenance + Electric Costs + Depreciation Over Time + Increase in Difficulty..... vs

Simply Buying XMG... At it's current price point it's a great entry point. I think 3 month outlook if you bought in under 0.00010000-0.00012000 you'll be well in profit.

And the method of buying the XMG which is at it's current price clearly undervalued and underpriced factoring (Overall/Entire Alt Market Pull Back of 20% Last Night; HardFork about to be released; One of the Oldest coins on Bittrex since coin launch; strong community; active Dev Team which posts daily (even on Christmas lol);

The fact that it's trading at 0.00005000 is surprising. And I am glad my attention came back to it as I had mined it years ago and hadn't started taking notice again until as of late.

Simply buying XMG gets you in at a low entry point; no time involved, you can make money doing other things, no maintenance; simply buy and hold for 3-6 months.

You would not believe how much I made by holding the AEON and XMG and XMR that I mined in 2014-2015... Those coins... I still hold.

I mined them when they were worth pennies. Now they are worth $2, $4, $300... each.

Altcoins are a Buy and Hold LONG game. Look at anyone who has made millions doing it. They got in at the right point, and held.

Not saying not to mine XMG... but factor all options; if you dont already run a mining operation- there are a lot of costs to consider.

Factor a $10,000 investment into a CPU Farm for Mining...

You could buy the $10,000 CPU Setup; how much would you mine from now until April?

You could buy $10,000 in XMG; That would yield you instantly 11,500-12,000 if you bought up the chain... at current prices.

Likely, the Hardfork will have POS; which mean's you could INSTANTLY stake those coins.

If XMG goes from it's current price to 0.00025000 by April; you'll have made $40,000 in profit + you'll have staked those coins (which means more but I can't factor that ATM).

Cheers!

Strato
66  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: December 26, 2017, 10:37:49 PM
Other coins and tokens lost both volume and value in this recent correction in altcoin market whereas LTC sustained the gains. I see only low volume and price still at very good level with plenty of support and stable floor apparently. It is going to be ready very soon for next ride in near future.
Other coins and tokens lost both volume and value in this recent correction in altcoin market whereas LTC sustained the gains. I see only low volume and price still at very good level with plenty of support and stable floor apparently. It is going to be ready very soon for next ride in near future.

Agreed; the entire altcoin market (monitoring Bittrex alone); saw a roughly 22% median drop last night starting at roughly 11:50PM EST.  The average 24 Hour % Gain/Loss across all 197 Bittrex Markets dropped from a median of roughly 13.9% gain to a loss of -8.3% across all markets. The drop lasted roughly 40 minutes.

Litecoin holds an interesting place in the Altcoin economy. It has always been seen as Bitcoin's "Alternative" in terms of the first mainstream highly traded altcoin.

Also; Bitcoin faces some serious obstacles which it will need to overcome moving forward; one of which is the the transaction fee/block size/transactions per block issue.

As Bitcoin has no where near reached "mass adoption"; and the average transaction feed has skyrocketed (averaging roughly $17-$25). This is a major roadblock for Bitcoin. The utility of zero cost; or low cost transactions is no longer possible. For mass adoption to be even considered possible; this issue needs to be solved with a hardfork which is no where in sight.

How can the average person utilize bitcoin to make a basic purchase; or buy a $50 gift card through GYFT, when the TX Fee is $25?  And that's for a small KB transaction.  People who send Bitcoin from a wallet address that has multiple small inputs (dust transactions) will find their transaction fee exceeds the amount of Bitcoin they even have.

Litecoin has proven to be a in for the long run contender, and has survived the bloodbath of the Altcoin showdown we've seen in the past 2-3 years.

Lastly; the fact that the Lee sold his stake in LTC really means very little. As LTC is a decentralized cryptocurrency and he's agreed to remain onboard; he most likely has valid reasons and was transparent about his liquidation of his holdings. Something he was in no way required to do (as required by corporate executives in the fiat/stock markets).

The fact that he was transparent says a lot to me; and even it if was after; why would he announce his sale prior to liquidation.

LTC has held up well. I think factoring the above along with the sentiments being echoed in other above comments and on websites/coindesk/etc - LTC I think could have an extremely promising year moving forward.

Cheers!

Strato
67  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: December 26, 2017, 10:40:32 AM
still waiting for xmg mining to start, cause it's a beautiful coin and my pc's are itching to mine it again Smiley

do you know any other coin similar to xmg that uses m7m algo? been looking around, but haven't found anything

As far as I know Magi is the only coin using m7m algo.

do you guys know any other coin that could be mineable with cpus, something low diff? just to do, while xmg hardforks and we  can go back to mining it Smiley

Nothing that's low difficulty. Sad The last low difficulty coin that I mined that I thought had potential (still do); was AEON; but the difficulty is now quite high so unless you have a large amount of idle CPU power idle and available to mine you wont see much in terms of rewards.

Saw 111magic's post regarding news on the upcoming hardfork and POW/POS-II moving forward. Looking forward on what you've you'll be rolling out.

XMG is a unique one and I think provided the hardfork gains traction theres no reason XMG can't be trading well into the mid 5 figure satoshi price range in the months ahead.

Coins on exchanges with less than 100 pages of posts on their ANN thread trade at 2-10 times XMG's current strike price. The fact that the coin has held a loyal following for over 3 years; a time which so many coins were launched, listed, and failed / delisted... speaks volumes for it's potential moving forward.

Cheers!

Strato
68  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: December 26, 2017, 05:30:37 AM
I'd also add that the recent drop from the day's high coincided identically with the overall Bittrex Altcoin pullback.

Either a single trader holding a large chunk of all altcoins sold all their positions; or Bittrex did a system wide sell of their altcoin holdings (which they accumulate in various ways; one of which is fees on trades).

The entire Bittrex Market dropped roughly 17%.

Literally the entire Altcoin market just dropped like a rock.

So buy opportunities are certainly out there; and XMG as I had indicated in a previous analysis post; is high on my short list of strong buys.

TOP TEN 24 HOUR % GAINS ON BITTREX MARKETS

PAIR          MARKET                             VOLUME      GAIN         LAST          HIGH         LOW                  DATE ADDED

BTC-CPC   CapriCoin                         160.461   41.1%   0.00006810   0.00007501   0.00004750   0.0%   07/25/2015
BTC-XZC   ZCoin                                 2080.499   23.6%   0.00759945   0.01159999   0.00610000   0.0%   10/20/2016
BTC-SPR   SpreadCoin                         203.387   18.3%   0.00005052   0.00007700   0.00003808   0.4%   12/18/2014
BTC-INFX   InfluxCoin                          77.819   10.5%   0.00009662   0.00014500   0.00008064   0.4%   10/03/2015
BTC-XWC   WhiteCoin                          27.894   9.9%           0.00001726   0.00001950   0.00001588   0.2%   04/13/2014
BTC-RISE   Rise                                  4113.241   9.0%           0.00006265   0.00009989   0.00005600   1.0%   06/24/2016
BTC-NEOS   NeosCoin                         146.381   8.9%           0.00053037   0.00077118   0.00046443   1.8%   08/19/2014
BTC-XMG   Magi                                    66.038   8.5%           0.00004530   0.00006000   0.00004119   1.2%   11/10/2014
BTC-REP   Augur                                  792.510   8.0%           0.00527998   0.00631238   0.00485000   0.5%   10/04/2016
BTC-CRW   Crown                           38.550   7.4%           0.00021476   0.00023900   0.00019813   0.6%   03/06/2017

The above 10 had a spread from 72% to 29% just 1 hour ago.  Nice to see XMG is still on the top 10 gainers!

Cheers!

Strato
69  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: December 26, 2017, 05:13:31 AM
If there is a hardfork, the price is going to increase or go down? Magi was a great coin and still is. hopefully it'll be better after this fork.

The hardfork is expected shortly; as in, within the coming weeks at the most I would expect. I'm interested to see the changes/features we will see specifically with the POW/POS-II coin generation structure.

I am sure the Dev Team is timing the hardfork with Bittrex's current service upgrade schedule as well. As Bittrex has seen a huge increase in new traders, they've simply become overloaded; putting a temporary halt on new account registrations, increasing confirmation times, etc.

As Bittrex clearly is juggling a lot of items, and most of volume of trading for XMG is handled on the Bittrex exchange, I'd think the timing of the release will coincide with when Bittrex has given the greenlight on when they will be implementing the new daemon/node so that XMG deposits and withdrawals are not interupted.

Until then we'll just have to wait. I know theres a lot of anticipation, and by looking at the trading waves it's clear there are traders who are accumulating XMG on the dips and are holding for the release of the new node.

When the hardfork is released, XMG will likely prove to have been a smart investment in any trader's portfolio.

Volume is nearly triple the past 24 hours compared to the previous period. And even with the most recent bump and dip the coin is still trading up 15% from yesterday.

Looking forward to see what's to come.

Cheers!

Strato
70  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: December 26, 2017, 02:31:53 AM
The 24 Hour Volume has roughly doubled from the previous 24 hour period; and the price is up roughly 23% from 24 hours ago.

But I think it's important when analyzing XMG as a possible trade investment on a more macro level. (Personally I avoid pump coins; and really pay no attention to "what jumped 500% since yesterday"; because those moves are so manipulated by the major stakeholders; it's really not a safe way to trade trying to jump in on those rallies because the bottom could drop out at any moment.

This being why I like coins like XMG; which show a relatively stable trade pattern (with gains); which XMG does. It's up 23% from yesterday; but it's up only 50% over the last month. This shows it's not trading on wild swings. A good thing.

Also; I think that even though we're seeing some technical hangups with Bittrex at the moment; we need to keep in mind Bittrex as a whole is putting out fires everywhere. They have temporarily halted new registrations. They are upgrading their servers. They have new features in "The Lab" they are developing.

They also manage 197 Currencies at the moment. Each of those coins requires their servers are running a full node/daemon managing all of the deposit addresses. XMG is just one of those 197... and their site as a whole is undergoing maintenance.

I think the biggest and perhaps most overlooked aspect regarding XMG in terms of it's (in my opinion) undervalued price point... is the coin's history. It hasn't been traded on Bittrex long, but it has been traded on other exchanges dating back to 2014.

The average coin age (since launch/POW/POS Start) on Bittrex is a median of 1/2016. XMG is 18 Months older than the average. That to me is a large draw as it is a clear sign the coin is not in any way a here today, gone tomorrow crypto. It's been around forever.

It has other factors I love as well, but I'll stop there. I think the 5000 Satoshi price point is great, to see the gains, but I'd still call it a strong buy.

Bitcoin was a buy at $300, and after doubling to $600, and again to $1200, and again to $2400, again to $5400, and so on.

So to put that into perspective; I see no reason (not talking pumps); that a coin like XMG could see a double, redoubling; and then again and again over weeks or months. It's not about a 1 day gain. We all know coins swing up 20% and down 30% then up 35% like crazy... Long term buy and hold is really the way to reap huge gains. I learned that by doing just the opposite, and losing a lot chasing the pumps way back in 2013 when I got into this game.

The well established, old and large community coins are doing just that... DOGE is a great example. It sideways traded for eons, and has trippled in price in the past month.

Ok that's it for now.

Merry Christmas Folks!

Strato
71  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: December 25, 2017, 12:45:20 PM
So took some time to look at the order book on Bittrex and the charts. (Bittrex only goes back so far).

It's relatively sideways trading... which tells me and is an indication of slow accumulation by a small handful of buyers. Buying small amounts over a long stretch to not increase or spike the price.

There's a single sell wall at 0.00005000 that is actually getting chipped away at.

Anyone holding that many coins (about 1/4 has been chewed off already); wouldn't just leave that wall there losing potential profit at higher price points.

So the sideways trading (clear accumulation indicator and the sell wall at 5000 Satoshis) are two clear indicators that large holders want the price to remain low. The reason, to buy low. And keep accumulating as many XMG at low prices until the price goes up. (They remove the sell walls/hardfork is released/new features announced/etc).

But this is just basic trading logic; no inside information - I just got this from looking at the books and charts.

Will be exciting to see what comes along with the Hardfork ahead...

Cheers!

Strato
72  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: December 25, 2017, 12:38:23 PM
An awesome Christmas gift would be the ability to get my miners back online Cheesy
Since mining stopped the price went up. Maybe only Pos?

In regards to the Hardfork / POS, we will obviously have to wait and see what the Dev Team Rolls out; but the Hardfork was planned; and MAGI already implemented a POS-II Proof of Stake Specification in its generation model. So I would think POS would be included at the very least, perhaps there's a surprise in store, only time will tell.

In regards to Bittrex increasing its confirmation requirements for MAGI deposits, I think it may be a combination of the fact that they are clearly overloaded at the moment and going through growing pains as they've seen a huge influx of new traders start using their services. They've since tightened down a bit in terms of withdraw restrictions, verification on accounts, minimum order requirements - all of this plus MAGI not being the only coin to see an increase in required confirmations before balances appear tell me they are simply "putting the breaks on" a bit, to slow down support requests, number of trades, etc. Also factor in the fact it's the Holidays. I don't think the increase in confirmations is a red flag, simply a reflection of the overall marketwide shift we are seeing with Bittrex as they upgrade their servers and software and start allowing new enrollments.

I'm personally bullish on MAGI, but most who know me I have an affinity for CPU based / ASIC resistant coins. MAGI has a lot of potential.

- It's a well aged coin, launched August 2014. (The Average/Median Coin Age on Bittrex from Coin Launch to Date is Jan/2016).  Putting MAGI deep into the "well established" side of the spectrum of coins listed on Bittrex.

- It's current price point is around 0.00004000; which is typically the sweet spot when coins start to take off. (The top 30 Coins on Bittrex for Top % 24 Gains usually have a median price point of 0.00008000) putting aside high priced or single/double digit Satoshi coins. 

- The Dev Team is Active, and the community knew POW was coming to an end after it's long and successful POW run. We're in the middle of the holidays so I think we'll just have to wait and see, as any rebase of the coin's code / daemon will have to be timed properly because all of the exchanges will have to implement the new software on their servers (And Bittrex is a clear signal that exchanges are swamped right now).

-Looking back on the last few months of this huge rise in crypto prices, the long established coins are now appearing to be clear winners alongside the newer super hyped coins- they hold up. Doge is a great example which I recommended on Reddit a few weeks ago saying it was a solid buy between it's then current 30 Satoshi Price and Under... Now it's 70.

- Certainly no crystal ball here... but MAGI seems to me to be in a prime position to be a coin that could see a multifold (2x, 4x, 10x, 20x) price increase over time; depending on what the Dev rolls out and where BTC's price to fiat goes from here. Simply saying it's high on my short list of contenders.

Looking forward to seeing what is to come.

Merry Christmas All!

Strato

Totally agree, except for the part about "The Dev Team is Active, and the community knew POW was coming to an end after it's long and successful POW run." There is still plenty of mining capability left, people are still mining a few XMG a week with a Raspberry Pi, plus the ecological aspect of Magi. Its not just ASIC resistant, it is also large miner resistant, as the more hashes you pump at it the slower the payout becomes. Im no expert, but I think XMG has at least another year of being approachable by miners from all but the most humble of machines. In fact, the only reason mining has been slow was a youtube video that was put out and suddenly there was an influx of miner breaking the speed limits, which tanked the reward output. Some block rewards dropped from 40+ to <1 because of it. But, The only reason mining has stopped completely right now was an attack on the coin, which is what is being fixed in the hardfork, along with some extras. Mining and PoW are far from over.

I stand corrected if all of that is true. I mined XMG a long while ago. I simply held my coins until even now. I saw some posts regarding POS now that POW was over and assumed the POW cycle had ended...

Sorry for the misinformation there.

But I will say the Dev is active here in the forums; I spent an hour or so browsing through posts and he seems to post a lot/answer questions/etc - or should I say members of the Dev Team.

I know the hardfork is in the works however; and I know their goal is to release it when it is 100% ready for a successful and smooth transition.

I think things will be quiet in general for the next week with all cryptos (as it's the holidays), but I'm sure everyone will be back at it January 2nd; and the crypto world will keep on spinning. Hoping for good things with XMG!

Cheers!

Strato
73  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: December 25, 2017, 10:03:13 AM
An awesome Christmas gift would be the ability to get my miners back online Cheesy
Since mining stopped the price went up. Maybe only Pos?

In regards to the Hardfork / POS, we will obviously have to wait and see what the Dev Team Rolls out; but the Hardfork was planned; and MAGI already implemented a POS-II Proof of Stake Specification in its generation model. So I would think POS would be included at the very least, perhaps there's a surprise in store, only time will tell.

In regards to Bittrex increasing its confirmation requirements for MAGI deposits, I think it may be a combination of the fact that they are clearly overloaded at the moment and going through growing pains as they've seen a huge influx of new traders start using their services. They've since tightened down a bit in terms of withdraw restrictions, verification on accounts, minimum order requirements - all of this plus MAGI not being the only coin to see an increase in required confirmations before balances appear tell me they are simply "putting the breaks on" a bit, to slow down support requests, number of trades, etc. Also factor in the fact it's the Holidays. I don't think the increase in confirmations is a red flag, simply a reflection of the overall marketwide shift we are seeing with Bittrex as they upgrade their servers and software and start allowing new enrollments.

I'm personally bullish on MAGI, but most who know me I have an affinity for CPU based / ASIC resistant coins. MAGI has a lot of potential.

- It's a well aged coin, launched August 2014. (The Average/Median Coin Age on Bittrex from Coin Launch to Date is Jan/2016).  Putting MAGI deep into the "well established" side of the spectrum of coins listed on Bittrex.

- It's current price point is around 0.00004000; which is typically the sweet spot when coins start to take off. (The top 30 Coins on Bittrex for Top % 24 Gains usually have a median price point of 0.00008000) putting aside high priced or single/double digit Satoshi coins.  

- The Dev Team is Active, and the community knew POW was coming to an end after it's long and successful POW run. We're in the middle of the holidays so I think we'll just have to wait and see, as any rebase of the coin's code / daemon will have to be timed properly because all of the exchanges will have to implement the new software on their servers (And Bittrex is a clear signal that exchanges are swamped right now).

-Looking back on the last few months of this huge rise in crypto prices, the long established coins are now appearing to be clear winners alongside the newer super hyped coins- they hold up. Doge is a great example which I recommended on Reddit a few weeks ago saying it was a solid buy between it's then current 30 Satoshi Price and Under... Now it's 70.

- Certainly no crystal ball here... but MAGI seems to me to be in a prime position to be a coin that could see a multifold (2x, 4x, 10x, 20x) price increase over time; depending on what the Dev rolls out and where BTC's price to fiat goes from here. Simply saying it's high on my short list of contenders.

Looking forward to seeing what is to come.

Merry Christmas All!

Strato
74  Economy / Economics / Re: Bitcoin or gold? on: December 24, 2017, 07:21:08 PM
Personally; I'd look towards Silver.

Right now silver is in a bit of a strange spot strike price wise. It has strayed from gold and the USD in terms of it's long; as in very long, established trading history, and is now in my opinion highly undervalued.

That said; I think it's a long term play, buy and hold.

But Silver is at it's low. Currently it costs more than the spot price on an OZ of Silver to Mine the OZ than what it sells for. So mining new silver is not a money maker; a big problem for mining companies.

On the flip side Silver is a commodity that will continue to be in demand; it's used in massive quantities in the electronic industry; health industry; and countless others. It's not just coins and jewelry.

But to be clear:  Bitcoin of course would be the best investment. Wink  BTCBTCBTC

But if I did add more precious metals to my investment portfolio; whether by buying physical bullion or trading commodities; I'd buy Silver right now over Gold.
75  Economy / Exchanges / Re: [ANN] Bittrex - Next generation exchange (btc/ltc/eac/ppc/rdd/ftc/and more) on: December 24, 2017, 07:02:25 PM
Was simply checking the thread as I had heard the rumor they had stopped (temporarily) accepting new accounts during system upgrades.

Reading a lot of the the recent replies; Not to go against the grain but I've had no issues both depositing multiple altcoins (numerous deposits); and BTC Withdraws have come through just fine.

I know they constantly have to keep each altcoin's wallet node up to date; and synchronized; which I'm sure it difficult because the dev's of these coins are rebasing their daemons on an active basis, no doubt it is a headache to keep up with...

But personally I've had no issues with the alt's I've sent in; and the the BTC out.

Bittrex has been actively upgrading their services, their site offers a lot of new features, and I am certain Richie and his team are now starting to think hard about legal issues, not just in the USA, due to recent SEC regulation changes; but other agencies and various governments around the world are clamping down; or threatening to; on cryptocurrency now that BTC has done a 10x price increase.

Legislators, Banks, and the Tax Man have taken notice... and no doubt Bittrex; while one of the longest running exchanges; is still likely run by a small team as cryptocurrency as a whole is still really in it's infancy.

I'd also keep in mind that it's Christmas Eve... But I am sure funds are fine and will be resolved; it may just take time. The team is only so many people, and there has been a massive flood of new traders to the industry, they're likely overwhelmed.

Lastly, I see nothing but growing pains across the board... not just on exchanges; every company and service which deals with digital currencies is trying to keep up, and at most times, in the dark...

Cheers!

Strato
76  Bitcoin / Mining speculation / Re: I have $500k and I want to get into mining! on: October 25, 2017, 07:12:36 AM
My advice would be to save yourself the headache of setting up a farm of that scale; regardless of whether it's ASICs or GPUs; and simply invest in Bitcoin either by means of buying BTC direct and holding; or perhaps putting that money to use in creative ways (not going to be specific as the list would be endless), but rather consider a business model based on or around blockchain technology.

I personally ran a mining farm which was both ASIC and GPU about 1/10th that scale for about a year, and all I can say is it is a full time job. You will run into problems you can't even imagine, you will have setbacks which will eat into your profits, and you will have to be constantly "running" the operation not simply from a day to day operations standpoint; but from a technology ROI, month by month, standpoint. This includes equipment lifespan; return on investment of hardware, factoring which technology to buy, when to sell, replace, upgrade- as Bitcoin's difficultly will continue to rise you will face an ongoing uphill battle to either re-invest any profit you see (which you may not) in either adding hashpower to your farm or upgrading to faster and more effecient mining hardware.

The only way I would personally invest in that kind of start up in this day in age is if aside from your up front capital which you seem ready to risk; would be do you have an absolute advantage over other miners in some way (such as zero to low cost electricity; commercial space that is current locked up that is not in use which can handle not only the electrical requirements but also the heat output, ventilation; etc, or you have a deal no one else can get for the hardware. I say this because it's a different game now. I started my farm after the major crash, when there were months when difficulty was stagnant or actually backtracked; when Bitcoin's price was in decline- (when I ran my farm I "believed" in BTC when so few had even heard the term 'Bitcoin'); so it was more of a leap of faith and I didn't risk more than I could afford to lose. Today's landscape is much different...

The waters are bloody, it's no longer a blue ocean strategy at least in terms of mining BTC for profit... (unless you are already doing so); the coin has halved; difficulty is sky high; and it's still a very risky investment.

I'd recommend you write out a formal business plan, including a SWOT Analysis at the very least, and determine if you even have the edge you would need to even reach a level of profitability. Factoring all aspects that could affect the Bitcoin economy; including changes in technology; political influences and government interventions on a global scale; power costs, labor costs, including procuring that much hardware, assembly; upkeep, turn-over, teardown, and disposal or sale on the back end. And last but not least, taxes need to be considered depending on your country of residence and how they will tax any BTC generated.

Mining BTC will put you under the microscope when it comes to taxation. Trust me on that. I think today it's the biggest Red Flag out there.

Strato
77  Alternate cryptocurrencies / Altcoin Discussion / Re: I have money , but thinking about best return of investment on: October 25, 2017, 06:51:28 AM
I think your safest bet would be to simply purchase BTC and hold BTC- period. Throwing money you are counting on into altcoins; without a well developed plan; and a strong position in the altcoin community (as in you are actively communicating with other traders) is likely going  unless you plan on devoting a serious amount of time playing the alt-coin game.

Alt-coins, while recently have seen a serious rise in value due to their direct trading pair with with BTC; are still highly volatile, and are still highly manipulated by those who either hold the lion's share of a given currency (or a group of traders who control the lion's share and are working together).

Even while the most reputable and long time established exchanges, such as Bittrex, have come a long long way from their intial launches, such as their security policies; their trader verification process, and the way they vet coins, and their respective devepopers; the altcoin world is still an ever evolving landscape and in many ways is still the Wild West- very much in it's infancy.

There really are no get rich quick strategies for those new to trading or even investing in cryptocurrencies. Even the most seasoned investors plan carefully; and know what they are up against- which is a still that can only be learned over a lot of time through trial, error and analysis.

I think any entry point right now for BTC is a good entry point for the long term investor. I told friends to buy after the crash at 600, I told them to buy more when it dropped into the 300s, and more into the 200s and so on. I think many thought it was unwise to buy at $2000, and many too afraid to buy at $3000. But here we are at $5500, and I still think it's a smart time to buy... long term.

Invest only what you can afford to lose completely; and if you have faith in BTC as many do (and more so every day); the long term gains could be many fold your initial investment at it's current price... provided you have the patience to allow the market to eb and flow and the stomach to ride it out.
78  Economy / Collectibles / Re: [WTS] One of a Kind "War of the Worlds" 1953 Poster From Estate of Bruce Willis on: August 14, 2017, 06:19:33 AM
That is one hell of a poster! I love everything about it including the providence. I'm certain that whoever get's to own this piece can consider themselves lucky! I'll keep a close eye on this one Smiley.
Yea it truly is a remarkable piece. One just needs a wall / space large enough to display it. It got tons of attention wherever he had it displayed. It's most certainly a centerpiece.

I figured he may get some attention here with the price of BTC. The poster will likely fetch well above the start price of $27,000, but there are auction fees/etc.

I told him a year ago no one would likely spend 100 BTC on it, but today; at $3800 per BTC, it can be had for just 7.12 BTC.

Amazing how the price of BTC has made thing affordable in terms of "BTC" lol.

I'd love it, but my walls aren't big enough lol.

Cheers!

Strato

Nice poster, I think only the mega rich can afford it though. I always thought "From the estate" is a term that you use when referring to somebody when they are dead and are winding down their will. Bit confused why you would take it out of the frame and roll it up, when you've spent extra money on it.

The poster was just recently taken off the frame. It can be taken on and off, it is Linen Backed, which is an archival process used for expensive/rare prints/posters where the poster is mounted to museum grade linen to preserve it.

There is an extra 8 or so inches of linen all the way around the poster; which wraps around the frame. Then the canvas part only; which wraps around to the back, is stapled into place all the way around. It's pulled tight, to literally make it like an artists canvas.

Most old movie posters are Linen Backed. My friend the collector linen backs nearly all his rare prints.

Lastly; for this poster, due to it's size; it has to be de-mounted just to move it. It has been on display at a few galleries. It is so tall (81"x81") it just barely can go through a doorway.

The poster was rolled; wrapped in mylar non PVC shrink wrap with humidity silica packets for storage until it sells. If it doesnt sell online; it will be shipped to Sotheby's in London for Auction.

The frame comes apart as well; and will ship with the poster; in two separate 8" wide plumming tubes (think big white PVC tube for drainage); which are completely crush proof and air tight once sealed.

Cheers!

Strato
79  Economy / Collectibles / Re: [WTS] One of a Kind "War of the Worlds" 1953 Poster From Estate of Bruce Willis on: August 14, 2017, 06:10:47 AM
That is one hell of a poster! I love everything about it including the providence.

Speaking of provenance, I don't see any mention of a certificate of authenticity. What would be done to prove the previous line of ownership, which is clearly being used to determine this piece's value. Thanks.

The poster was obtained / purchased at an auction (a MAJOR auction house / top 3 in the world); and all of the paperwork and documentation of the item, including the original auction LOT, receipt notating the seller (Bruce Willis), etc.  It is fully documented, and could also be backed up by contacting the curator in the poster/print department at the auction house to verify.

As far as my description of estate, it's technically from the private collection of Bruce Willis, incorrect choice of words on my part.

I am again not sure if this poster was in one of his homes; or perhaps a display item at his restaurant Planet Hollywood; however he had acquired it and held it for some time.

The 6 Sheet Posters (81"x81") are exceptionally rare. This is due to their size; and back in the 30s-50s they were literally glued to the wall of the theater (either inside or outside). Then when the next movie came out; they would just glue the new/next poster over the old one. Hence, few survived. Add to that the almost 70 year old age; I would fathom there are only a few of these in existence. As opposed to a one-sheet poster (standard size); they were hung in poster boxes, kept by employees, collected, and are far more common.

As noted; this is a rare item, which can be fully verified; was purchased by a fully verified auction house (listed on the New York Stock Exchange).

In closing; after my friend won the lot; the auction house offered to buy it back from him for a higher price. Perhaps Mr. Willis changed his mind; or they thought they wanted to hold it for a future collection, but they did offer a buy back.

Any questions; feel free to send them on. With the current BTC price; it's roughly 6.75 BTC.

Also; feel free to make a "REASONABLE" best offer via PM if you would like.
80  Economy / Collectibles / Re: [WTS] One of a Kind "War of the Worlds" 1953 Poster From Estate of Bruce Willis on: August 12, 2017, 09:21:57 PM
That is one hell of a poster! I love everything about it including the providence. I'm certain that whoever get's to own this piece can consider themselves lucky! I'll keep a close eye on this one Smiley.
Yea it truly is a remarkable piece. One just needs a wall / space large enough to display it. It got tons of attention wherever he had it displayed. It's most certainly a centerpiece.

I figured he may get some attention here with the price of BTC. The poster will likely fetch well above the start price of $27,000, but there are auction fees/etc.

I told him a year ago no one would likely spend 100 BTC on it, but today; at $3800 per BTC, it can be had for just 7.12 BTC.

Amazing how the price of BTC has made thing affordable in terms of "BTC" lol.

I'd love it, but my walls aren't big enough lol.

Cheers!

Strato
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