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Hello, I'd like to start mining too..
Will these specs do:
Android phones and a laptop i7
Hi voyagr. We will need a little more info about your devices: - What make / model are your phones?
- What OS is your laptop running?
- What browsers will you be using on your phones and laptop?
Some outdated Samsung phones but I do not remember the models neither where they are  , I think one was mini s4. Win10 is running on the laptop and I can use any browser, fit for mining |
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Hello, I'd like to start mining too..
Will these specs do:
Android phones and a laptop i7
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The problems with MtGox are nothing new and despite of exchanges disappearing overnight or declaring their bankruptcy, some people still choose these exchanges...again and again. May be it is not the optimal choice to trade a decentralized coin within a centralized exchange systems.
There are decentralized systems eg next, ripple, mastercoin (not sure about this one)...
So why not using the decentralized systems?
Any thoughts?
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With Ripple & ZipZap integration being a fact with the recent version of the client, there is now an alternative for buying btc's with cash (probably more convenient). You can now deposit cash in one of the 700.000 locations and buy BTC's, convert, transfer, whatever you wishwithin the client...
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BTC is still too much considered as having a completely independent ecosystem, as if it is being traded on an isolated island. For this reason, whenever there is a rise or a plunge, most people look within the ecosystem trying to find some explanation. Let's be honest what news we've got the last days : coindesk article or a silly reason as Chinese not gambling any more ?? With a market cap in the billions, BTC is already integrated into the financial markets. ATM the only reason why BTC is dropping is because of the outstanding news about QE. This decision will affect all markets from Africa to Americas to Asia, .... So, why would BTC be left out? See the plunge of SP 500 in the last days: https://www.tradingview.com/e/?symbol=CME%3ASP1! Or take ftse index (London): https://www.tradingview.com/e/?symbol=INDEX%3AFTSEWhen you zoom out, you will see the enormous rally on both charts. Ok, fair enough. But when you told us all it was time to buy, Bitcoin was still in the $800s. 24 hours later, Bitcoin is in the high $600s. Do you not agree, that anyone buying upon your suggestion, would have made a lousy decision? EDIT: ....and also, if your theory stands up to reality (which it might), then saving for some kind of inside information either way, is Bitcoin really the investment vehicle to be gambling on what the decision of the Fed might be? If your theory holds true, and the Fed announces tapering, then Bitcoin will fkn tank? Perhaps the opposite extremities of QE being continued and Bitcoin 'going back 2 da moon' would also be true. but i am sure that most of us are aware that money is far easier to lose than it is to make, and for this reason, the #1 duty of any investor is to protect his wealth? When I wrote it was around 750 on Bitstamp. What I meant by not selling is to hold the ones you have and buy more at lower prices. By this you'll lower your average costs. Besides that I warned weeks ago to be careful when buying at extreme heights like 900+. Imagine that you buy at 900 and panic sell at 750, you lose money..and panic selling did happen. So, it was not the time to sell but buy (if you can of course). Meanwhile BTC is rising again as predicted. The plunge was due to the nervous situation present in the markets. I repeat my OP: a new rally is in the make. I believe this plunge has also proven that the reason needed to be looked outside the ecosystem (Fed's decision) rather than inside. In short, Chinese were not responsible. |
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BTC is still too much considered as having a completely independent ecosystem, as if it is being traded on an isolated island. For this reason, whenever there is a rise or a plunge, most people look within the ecosystem trying to find some explanation. Let's be honest what news we've got the last days : coindesk article or a silly reason as Chinese not gambling any more ?? With a market cap in the billions, BTC is already integrated into the financial markets. ATM the only reason why BTC is dropping is because of the outstanding news about QE. This decision will affect all markets from Africa to Americas to Asia, .... So, why would BTC be left out? See the plunge of SP 500 in the last days: https://www.tradingview.com/e/?symbol=CME%3ASP1! Or take ftse index (London): https://www.tradingview.com/e/?symbol=INDEX%3AFTSEWhen you zoom out, you will see the enormous rally on both charts. |
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The decline in the price can be explained probably by the fact that Fed is going to have a two-day policy meeting. The markets are atm very nervous about the outcome as the quantitative easing (85 billion in bonds buying) program can be restrained. But Fed already has tried to restrain this program in the past with no luck, as the market reacted very sharply to the decision. Let's not forget that the economy is still very weak and policymakers seem not to dare taking decisions that will disrupt the market and lead to fire sales. As a matter of fact a bubble is formed everywhere but none is daring to take the ultimate decision, at least not this year.
So, a stop in bond buying cannot be expected only some statements about possible lowering in the future. After the meeting, the markets will rally one last time for this year, better known as the Christmas-rally.
Thanks for your comments
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All the alts are flying at the moment though. I like crypto but can't get my head around ripple.
You're right, it's getting very difficult to differ the real valuables from the noise. While there is a tsunami going on, you won't think but run for your life. It's only thereafter, when the water retraces, the dirt and the ravage will be visible You should give ripple a try before... |
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And what should I do to be able to deposit my 44,000 XRP at Bitstamp ?
That doesn't make any sense. Bitstamp doesn't take or hold XRP deposits. Why would they? What are you trying to do? I want to buy some XBT with my XRP. Something I don't understand with Ripple:
When I log in my Ripple wallet I have 44,000 XRP. But when I try to make a deposit with Ripple at Bitstamp or Justcoin my balance show only 1,000 XRP and I can only deposit this 1,000 XRP. Why ?
I'm not sure I understood your question but could it be the trust line? It could very well be that because I have no idea what is the trust line. What it is ? And what should I do to be able to deposit my 44,000 XRP at Bitstamp ? XRP doesn't require any trust lines. That's one of the things that makes it special within the network. Bitstamp doesn't allow XRP deposits and honestly why would you? Storing your XRP in your Ripple wallet is how you store it, without counter-party risk. If you want to sell or buy XRP, you simply need go to the trade section of the client and change your issuer to Bitstamp or whomever you choose, for the specific currency pairs you're interested in. That will give you access to their orderbook. Thanks but how do I change the issuer to Bitstamp? When I try to write "Bitstamp" it's written "not a valid adress or contact" You need to fill in Bitstamp's Ripple address which is rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B |
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Something I don't understand with Ripple:
When I log in my Ripple wallet I have 44,000 XRP. But when I try to make a deposit with Ripple at Bitstamp or Justcoin my balance show only 1,000 XRP and I can only deposit this 1,000 XRP. Why ?
I'm not sure I understood your question but could it be the trust line? |
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Actually a company having the power to exclusively pre-mine a currency and then "lend it" to people is a indeed a big problem, it solves NOTHING and only creates another debt-based economy and only benefits the very few who own ripple.
Ripple just fuels to cycle of crony capitalism (which is why banks are loving it). Bitcoin on the other hand creates real free markets where you actually own your money/savings and every individual has a chance to prosper, depending on how much risk and work each individual decides to take.
Ripple and XRP for that matter, is actually NOTHING like our current "debt based" system. In order to have a "debt based" system, the currency would have to be created using...wait for it...debt. USD for instance, enters the monetary system as debt. No such debt exists in Ripple, as it relates to XRP, thus XRP is an asset on the balance sheet of anyone who holds it. Which in turn means the rest of your rant is poo poo.  Banks love it because it's a payment network that is leaps and bounds ahead of Bitcoin and certainly their own. Ripple is also not just a single currency like Bitcoin, which by itself does little to solve our monetary problems, other than allowing people to bypass government fiat. It still leaves the current system intact. Regulators like Ripple because it's designed to be transparent, so tracking transactions is significantly easier. Typically, the only people intimidated by Ripple, are those who don't understand Ripple and often only care about the value of their Bitcoin being negatively affected, not the bigger picture of solving our global monetary challenges. I personally think Ripple is going to have a positive effect on BTC values by allowing off blockchain transactions in mass, but when it comes down to it, who really cares what you think?  A myth about BTC is that it is untraceable and being anonymous. It might have been but as BTC is coming closer and closer to the mass, it is getting more and more traceable. Nowadays every exchange system demands accounts to be verified. See also: http://bitcoin.org/en/faq#is-bitcoin-anonymous or to summarize The use of Bitcoin leaves extensive public records. |
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This. Ripple like fiat is a scam. People might fail to comprehend this though (they do with fiat) ...
Why people should care if XRP is "premined" ? Why everything should follow Bitcoin step by step ? Mining is the way Bitcoin distribute coins, Ripple chose a different distribution scheme. It's not a scam, it's only a difference. Everything that is different than Bitcoin's blueprint is not a scam. People only care what is the most useful. If Ripple is most useful than Bitcoin people will use it and won't give a fuck about those bullshit premined concerns. Actually a company having the power to exclusively pre-mine a currency and then "lend it" to people is a indeed a big problem, it solves NOTHING and only creates another debt-based economy and only benefits the very few who own ripple. Ripple just fuels to cycle of crony capitalism (which is why banks are loving it). Bitcoin on the other hand creates real free markets where you actually own your money/savings and every individual has a chance to prosper, depending on how much risk and work each individual decides to take. I do not understand why people are so much focused on the pre-mined xrp's, especially when a proportion of BTC itself was pre-mined too. Actually Ripple IS solving the problem of double spending trough consensus which is way faster and convenient then BTC's PoW. If you strongly believe it benefits the very few who owns them, why don't you buy these cheap coins. BTC's were not for free either, people do forget this, with mining you spend your time, expensive hardware, electricity... Let's say you are a hardcore miner, then I'd suggest you to have a look at https://www.ripplelabs-wcgxrp.com/ . In stead of wasting computer power, this way you contribute to science and get xrp's. If for any reason, you do not want the gateway specific currency (xrp), you still can use the gateway which is not in any case a competitor to BTC. Its main goal is to accelerate the money transactions and for free, including BTC. Most people do not know what Ripple and xrp is. If you are interested, check these documents: https://ripple.com/ripple_primer.pdfhttps://ripple.com/ripple-gateways.pdf |
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wave 3 was the rise from 200+ usd to 900+ usd, followed by a clear correction and retrace which is 4. Now, we're in the final leg = 5.
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is someone else experiencing problems reaching bitstamp? It just keeps loading forever or a page of incapsula something appears?
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Be careful in this phase when putting your savings !! Manias are associated on occasion with general ‘irrationality’ or mob psychology. The relationship between rational individuals and an irrational group of individuals can be complex. A number of distinctions can be made. One assumption is mob psychology, a sort of ‘group thinking’ when virtually all of the participants in the market change their views at the same time and move as a ‘herd.’ Alternatively different individuals change their views about market developments at different stages Speculation often develops in two stages. In the first, sober, stage households, firms and investors, respond to a shock in a limited and rational way; in the second, the anticipations of capital gains play an
increasingly dominant role in their transactions. ‘The first taste is for high interest, but that taste soon becomes secondary. There is a second appetite for large gains to be made by selling the principal.’
The book can be downloaded from : http://www.nowandfutures.com/large/Manias,Panics,andCrashes.pdf |
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the market isnt being manipulated, you are.
well if it makes you happy and if this is your best argument. I will not let you down, yes I am . |
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Maybe china are just trying to buy out bitcoin to use as a sovereign currency!
they can use btc's technology with some tweaks which would be easier, as BTC's nature does not allow centralization atm |
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