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Old 11-29-2017, 04:12 PM   #251
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Originally Posted by jer_james View Post
got mine set up - nothing serious, but just got it, so didnt lose today.


Same. Would love for a pull back and I will dive in

Edit: not sure why it double quoted


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Old 11-29-2017, 05:00 PM   #252
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What about Ripple? Where can I buy into it right now?
I'm interested in knowing that too. Please post if you find something, I've seen a few sites, but they looked shady
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Old 11-29-2017, 06:52 PM   #253
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Does anyone have a current price? LOL
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Old 11-29-2017, 07:16 PM   #254
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I'm interested in knowing that too. Please post if you find something, I've seen a few sites, but they looked shady


Bittrex.com


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Old 11-29-2017, 07:18 PM   #255
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1. My verification deposits won’t come through!
2. I’m interested in Ripple ASAP
3. Lots of folks making easy money right now. Hope it holds.
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Old 11-29-2017, 08:04 PM   #256
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Dumb ? What market do you buy ripple on bittrex? Never bought stocks before.
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Old 11-29-2017, 08:18 PM   #257
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Dumb ? What market do you buy ripple on bittrex? Never bought stocks before.
most exchanges trade against bitcoin or ethereum. so it would be BTC/XRP or eth/xrp

usdt is another market and usdt is a stable token used as the dollar.

why all the interest in ripple?
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Old 11-29-2017, 08:19 PM   #258
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Bittrex.com


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Can you explain why Ripple is a good buy? If it is. I'm new to the crypto stuff.

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Old 11-29-2017, 08:51 PM   #259
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why all the interest in ripple?[/QUOTE]

No idea other than the internet says it may be the next hot on. I figure $100 investment could turn into retirement or losing $100.
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Old 11-29-2017, 08:56 PM   #260
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Originally Posted by wes122984 View Post
most exchanges trade against bitcoin or ethereum. so it would be BTC/XRP or eth/xrp

usdt is another market and usdt is a stable token used as the dollar.

why all the interest in ripple?
Is that why bitcoin and ethereum are so high now? Because it goes through them.
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Old 11-29-2017, 09:15 PM   #261
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Can you explain why Ripple is a good buy? If it is. I'm new to the crypto stuff.

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Originally Posted by brysdad View Post

No idea other than the internet says it may be the next hot on. I figure $100 investment could turn into retirement or losing $100.
i dont like it. it has an enormous supply and its not decentralized. besides being centralized it would take an insane amount of money into it to move the price much. (supply/demand)
The major banks havent even answered the door when they come knocking. They are all doing their own thing.
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Old 11-29-2017, 09:17 PM   #262
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i dont like it. it has an enormous supply and its not decentralized. besides being centralized it would take an insane amount of money into it to move the price much. (supply/demand)
The major banks havent even answered the door when they come knocking. They are all doing their own thing.
So are you most confident in Bitcoin right now? Gut would tell me it's very unstable

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Old 11-29-2017, 09:25 PM   #263
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This is so dumb. Wish I'd been dumb enough to buy some early
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Old 11-29-2017, 09:26 PM   #264
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So are you most confident in Bitcoin right now? Gut would tell me it's very unstable

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i dont have much money in btc right now. i trade alt coins mainly which i do eventually convert back to btc. i also buy coins that multiply themselves just for holding them. kind of like stock dividends.

im a firm believer btc will continue to rise. i called 10k before year end back when it was 2k. many people much smarter than i say it will be 500k to 1M within 2-5 years.

its not as easy as that though.... i dont think the current bitcoin core will be what we call bitcoin even 12 months from now. i think it will fork and implement new tech to speed it up and make it faster etc. maybe one of the current forks will rise. (bitcoin cash maybe?) so if its not a current fork that rises... then every time it does fork and you get that " free money" you need to hold all version of the bitcoin forks as well as the core and not sell. if a current fork is the one to rise, then btc core will devalue as the money and the miners move over.
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Old 11-29-2017, 09:29 PM   #265
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Is that why bitcoin and ethereum are so high now? Because it goes through them.
no, what you are seeing is a ton of new money coming into the market.

just wait until the institutional money comes in....its starting to.
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Old 11-29-2017, 10:55 PM   #266
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I had no knowledge about this until I saw this post a watched a couple videos.
My concern is how will they keep the Gum'nt from getting their greedy fingers in this?
Anything they can't tax or regulate must not be allowed to stand.
Am I wrong?
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Old 11-29-2017, 11:03 PM   #267
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Originally Posted by Gunnyart View Post
I had no knowledge about this until I saw this post a watched a couple videos.
My concern is how will they keep the Gum'nt from getting their greedy fingers in this?
Anything they can't tax or regulate must not be allowed to stand.
Am I wrong?
Iíve got the same concerns. The government will get theirs, one way or another. Iíve heard that since bitcoins are traceable, the government can find out who owns them, and then can track that. Hence, if you make money on them, you need to file it on your taxes as capital gains. Just from what Iíve read, but I am by no means an expert
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Old 11-29-2017, 11:13 PM   #268
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Ok folks, been following this thread and checked several crypto prices over the last 4 days, some have gained and some have lost. Not very involved in stocks and trading, so could someone lay out a step by step process to start investing in cryptos.
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Old 11-30-2017, 06:18 AM   #269
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Originally Posted by wes122984 View Post
i dont have much money in btc right now. i trade alt coins mainly which i do eventually convert back to btc. i also buy coins that multiply themselves just for holding them. kind of like stock dividends.

im a firm believer btc will continue to rise. i called 10k before year end back when it was 2k. many people much smarter than i say it will be 500k to 1M within 2-5 years.

its not as easy as that though.... i dont think the current bitcoin core will be what we call bitcoin even 12 months from now. i think it will fork and implement new tech to speed it up and make it faster etc. maybe one of the current forks will rise. (bitcoin cash maybe?) so if its not a current fork that rises... then every time it does fork and you get that " free money" you need to hold all version of the bitcoin forks as well as the core and not sell. if a current fork is the one to rise, then btc core will devalue as the money and the miners move over.
I want to start tinkering with alt coins but need to do more research.
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Old 11-30-2017, 06:19 AM   #270
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Originally Posted by In-Yo-Grill View Post
I want to start tinkering with alt coins but need to do more research.
research is for wimps!!!!
I watched Wall Street last night..... i'm gonna be a billionaire by lunch today.
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Old 11-30-2017, 06:48 AM   #271
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research is for wimps!!!!
I watched Wall Street last night..... i'm gonna be a billionaire by lunch today.
That and a good nights sleep in a Holiday Inn should do it...

I'm not ready to play the game yet but I wish I was. I read an article that the Big Bang Theory is going to feature bitcoin on their show tomorrow. My guess is that it's gonna cause another influx of newbies to the market. Yesterday was a WILD ride for sure.
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Old 11-30-2017, 06:53 AM   #272
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For everyone who dreams and wishes they bought a long time ago think about this. If you bought 1k worth way back then when all of us really had no clue it would go anywhere or be worth anything, would you have held once your coins jumped up to being worth 5k? I doubt it... 10k? Heck no, any reasonable person would have sold.

It takes either a real gambler (like the guy who bets it all on double green at roulette and lets it ride), someone who somehow KNEW it would be worth a lot, or an idiot to buy when it was under $100 and still be holding.

It's easy to look back now and think you may have held or could have held. But how many times could you have used the extra 2k, 5k or 10k over the last 5+ years?
he is exactly right! Coulda shoulda woulda. I bought a couple stocks a year ago and they went up drastically in a few months and I didn't sell and new better. Well of course they went down, they are good stocks so wasn't worried about anything I knew they would come back which they did. I sold one of them yesterday for a great profit. I don't care if they go to 1,000. Greed will get you everytime!!!!Take your profit folks!!!!!
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Old 11-30-2017, 07:12 AM   #273
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Classic pyramid scheme except the players involved, can never get arrested, if the majority of them are schaming from Countries that don't honor US Laws.

Lose power - lose access - lose out.
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Old 11-30-2017, 07:18 AM   #274
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Originally Posted by AtTheWall View Post
Classic pyramid scheme except the players involved, can never get arrested, if the majority of them are schaming from Countries that don't honor US Laws.

Lose power - lose access - lose out.
Explain your comparison to a pyramid scheme.
I'm not sure you have a fundamental understanding of how bitcoin works.
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Old 11-30-2017, 07:23 AM   #275
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Originally Posted by AtTheWall View Post
Classic pyramid scheme except the players involved, can never get arrested, if the majority of them are schaming from Countries that don't honor US Laws.

Lose power - lose access - lose out.
This post sounds like the beginning of a thread derailment. Don't make eye contact...
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Old 11-30-2017, 07:26 AM   #276
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Explain your comparison to a pyramid scheme.
I'm not sure you have a fundamental understanding of how bitcoin works.
LMAO! Oh I know how it works and the Hacks that control the Cryptosecurity within this PEER TO PEER network of digital currency, is prone to serious compromise. The security infrastructure is questionable because the protocol encapsulations are unknown to those who are vested within the market.

What's to say there isn't some BACKDOOR CHANNEL some SOVIET HACK or other BAD PLAYER HACK, that doesn't have their finger on.

The Ukraine financial market crumbled due to Russian hacks....as a shining example. What's to say this Monetary network doesn't already have some MASTER HACK tied into it's back-end?

And bitcoin fuels crime - CYBER CRIME specifically. That was one key foundational reason BIT COIN was hyped in the first place.

If I unloaded what I do know about DISTRIBUTED NETWORKS and SSL protocols - most here would not understand. PYRAMID SCHEME - they all get the idea - NOT 100% without risk.


NAPSTER for DIGITAL CURRENCY. And a few of us knew darn well how HACKED that PEER TO PEER network was Manipulated.

Last edited by AtTheWall; 11-30-2017 at 07:29 AM.
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Old 11-30-2017, 07:26 AM   #277
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Bitcoin developer Sergio Lerner estimated back in 2013 that Satoshi may have around 1 million bitcoin. At $700 per bitcoin, that translates to a fortune worth around $700 million
$700 per bitcoin was a year ago..
at $10k per... thats $10,000,000,000
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Old 11-30-2017, 07:28 AM   #278
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Originally Posted by AtTheWall View Post
LMAO! Oh I know how it works and the Hacks that control the Cryptosecurity within this PEER TO PEER network of digital currency, is prone to serious compromise. The security infrastructure is questionable because the protocol encapsulations are unknown to those who are vested within the market.

What's to say there isn't some BACKDOOR CHANNEL some SOVIET HACK or other BAD PLAYER HACK, doesn't have their finger on.

The Ukraine financial market crumbled due to Russian hacks....as a shining example. What's to say this Monetary network doesn't already have some MASTER HACK tied into it's back-end?

And bitcoin fuels crime - CYBER CRIME specifically. That was one key foundational reason BIT COIN was hyped in the first place.

If I unloaded what I do know about DISTRIBUTED NETWORKS and SSL protocols - most here would not understand. PYRAMID SCHEME - they all get the idea - NOT 100% without risk.

ahh so you dont have a fundamental understanding. got it.
we'll just ignore you on this thread. thanks.
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Old 11-30-2017, 07:35 AM   #279
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Sorry dude - Once a Russian hack makes a run on the BITCOIN infrastructure, from dozens of world-wide servers that do not source from Russia, and the market starts to hav a run made on it - there is no GUARANTEE YOUR LOSSES are covered.

Keep drinking the KOOL-AID!

It started by those in the BLACKMARKET

Like a form of the EU in my eyes.

RANSOMWARE and BITCOINS = in bed together.

It's bunk
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Old 11-30-2017, 07:36 AM   #280
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I would say more of a Ponzi scheme than a pyramid.
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Old 11-30-2017, 07:51 AM   #281
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Read this and see if you can understand it. https://en.wikipedia.org/wiki/Bitcoin
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Old 11-30-2017, 07:53 AM   #282
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Ponzi is correct - thanks Ironman!

FACT - Over a THIRD of BITCOIN Virtual exchange systems have been hacked and closed down WITH over a HALF of them, since inception TANKED - GONE AND LOSSES REALIZED.

FACT - All BITCOIN Exchanges are UNDER CAPITALIZED - No Depositors insurance to cover the losses of those invested within.

FACT - Cybersecurity is a REAL ISSUE and using examples like recent rounds of compromise within the US Government's HARDENED NETWORK INFRASTRUCTURES - Bitcoin networks are riding on networks within data centers, that have access by COMMON IT PERSONNEL from WHO KNOWS where, when & what they come from.

Yeah - I trust my funds in some shady server running in Bangladesh, Rio De Janiero, Ukraine, Vietnam etc etc etc.
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Old 11-30-2017, 07:54 AM   #283
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Yeah - I have no clue about Cybersecurity at all........or DMZ's, FIREWALLS - Port to Port replication on secure SSL protocols etc etc etc
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Old 11-30-2017, 08:02 AM   #284
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Originally Posted by AtTheWall View Post
Ponzi is correct - thanks Ironman!

FACT - Over a THIRD of BITCOIN Virtual exchange systems have been hacked and closed down WITH over a HALF of them, since inception TANKED - GONE AND LOSSES REALIZED.

FACT - All BITCOIN Exchanges are UNDER CAPITALIZED - No Depositors insurance to cover the losses of those invested within.

FACT - Cybersecurity is a REAL ISSUE and using examples like recent rounds of compromise within the US Government's HARDENED NETWORK INFRASTRUCTURES - Bitcoin networks are riding on networks within data centers, that have access by COMMON IT PERSONNEL from WHO KNOWS where, when & what they come from.

Yeah - I trust my funds in some shady server running in Bangladesh, Rio De Janiero, Ukraine, Vietnam etc etc etc.


You are talking about various exchanges etc. bitcoin itself has not been hacked. Your security is up to you. The info stored is on the blockchain.


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Old 11-30-2017, 08:05 AM   #285
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Originally Posted by wes122984 View Post
You are talking about various exchanges etc. bitcoin itself has not been hacked. Your security is up to you. The info stored is on the blockchain.


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Just ignore him.
You know those IT PFY guys...always thinkin they know everything...
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Old 11-30-2017, 08:26 AM   #286
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Pop!
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Old 11-30-2017, 08:29 AM   #287
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Ok, let's get this back on track, as I find it interesting.

So you invest some money, take out your original investment. Now you're playing with OPM. Pull some profits along the way, and if it tanks, who cares. It wasn't your money anyway.
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Old 11-30-2017, 08:39 AM   #288
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Yeah - I have no clue about Cybersecurity at all........or DMZ's, FIREWALLS - Port to Port replication on secure SSL protocols etc etc etc
Most here reading this also have no clue as to the content of your post.
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Old 11-30-2017, 08:46 AM   #289
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Originally Posted by JFISHER View Post
Most here reading this also have no clue as to the content of your post.
Or about crypto currency itself.
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Old 11-30-2017, 08:49 AM   #290
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Of course there is risk - There is almost no sure thing. Do what you wish with what you wish, and stay informed. Just like you would with any investment.

I put $300 in - that won't kill anything, but if it goes up in any resemblance of last year, then it was worth the gamble on any doomsday prediction.
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Old 11-30-2017, 09:11 AM   #291
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Or Crypto-Cyber Security.................
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Old 11-30-2017, 09:14 AM   #292
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Or women.....
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Old 11-30-2017, 10:04 AM   #293
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Mark Cuban's word of advise for Blockchain Cyptocurrency "If you want to invest in cryptocurrency, pretend you’ve already lost your money.”

Several governments are firing up Blockchain Cyprtocurrency networks. Once these networks become viably active, back funded and secured from the STATE, BITCOIN & ALTCOIN values will plummet.

SMOKE-EM while you GOT-EM!

World-wide States - like China, are diving into Blockchain, and the world-wide economy will simply ride as an extension of this technology, backed with solid currency.

It's a ride......ride it while you can.

My .2
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Old 11-30-2017, 10:24 AM   #294
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Quote:
Originally Posted by AtTheWall View Post
Mark Cuban's word of advise for Blockchain Cyptocurrency "If you want to invest in cryptocurrency, pretend youíve already lost your money.Ē

Several governments are firing up Blockchain Cyprtocurrency networks. Once these networks become viably active, back funded and secured from the STATE, BITCOIN & ALTCOIN values will plummet.

SMOKE-EM while you GOT-EM!

World-wide States - like China, are diving into Blockchain, and the world-wide economy will simply ride as an extension of this technology, backed with solid currency.

It's a ride......ride it while you can.

My .2
.02 maybe... or 0.000002 bitcoin
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Old 11-30-2017, 10:27 AM   #295
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So no problem to get in with a low amount of money now. Make your money back, then pull your original money so you've lost nothing and play with the money you've earned as you want. That way you could make some good side change or lose nothing.
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Old 11-30-2017, 10:47 AM   #296
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Originally Posted by Kodiakk View Post
So no problem to get in with a low amount of money now. Make your money back, then pull your original money so you've lost nothing and play with the money you've earned as you want. That way you could make some good side change or lose nothing.
It's kinda that simple...but not.

For me it was understanding what the hell it was first. Some people don't even need to know that much. There's money to be made and lost.

I have some I set aside just in case and then some I play with to see how long I can stay ahead of the madness.
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Old 11-30-2017, 11:03 AM   #297
Shane
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Originally Posted by wes122984 View Post
You are talking about various exchanges etc. bitcoin itself has not been hacked. Your security is up to you. The info stored is on the blockchain.


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Blockchain technology is legit, from what I've been reading - especially for lots of other applications besides crypocurrency. But the access points (exchanges) are still vulnerable to hacking, crashes, etc... From what I've read, Coinbase and the like are the highest risk places to keep your cryptocurrency. Web-based sites and apps are very vulnerable to hacking. The blockchain can have a record of your holdings, but as soon as somebody steals your keys and moves your stuff to another account, the blockchain locks that in too. You have zero recourse. The only way to get it back is if the person who took it decided to give it back to you.

Keeping your records on a thumb drive that's not connected to the internet or even making a paper copy and keeping that somewhere safe seems to be the only way to truly protect yourself from theft or some other form of cyber-loss.

Tons of risk in this stuff. All kinds of different risks.
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Old 11-30-2017, 11:21 AM   #298
In-Yo-Grill
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Quote:
Originally Posted by Shane View Post
Blockchain technology is legit, from what I've been reading - especially for lots of other applications besides crypocurrency. But the access points (exchanges) are still vulnerable to hacking, crashes, etc... From what I've read, Coinbase and the like are the highest risk places to keep your cryptocurrency. Web-based sites and apps are very vulnerable to hacking. The blockchain can have a record of your holdings, but as soon as somebody steals your keys and moves your stuff to another account, the blockchain locks that in too. You have zero recourse. The only way to get it back is if the person who took it decided to give it back to you.

Keeping your records on a thumb drive that's not connected to the internet or even making a paper copy and keeping that somewhere safe seems to be the only way to truly protect yourself from theft or some other form of cyber-loss.

Tons of risk in this stuff. All kinds of different risks.
Been looking into putting it somewhere like a thumb drive. Have you experimented with this?
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Old 11-30-2017, 11:30 AM   #299
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"official" stance
https://www.bitcoin.com/guides/setti...bitcoin-wallet

https://en.bitcoin.it/wiki/Cold_storage

its wiki...but it does a good job of detailing the process

Last edited by systemnt; 11-30-2017 at 11:33 AM.
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Old 11-30-2017, 11:43 AM   #300
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Any validity to this?

n/m

SPAM alert
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