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QuarkJets
Sep 8, 2008

getting in on the ground floor of an awesome new thread, the postcount here can only go up Up UP

nikosoft posted:

If this is the bitcoin advice thread, plz help. I was given 1 bitcoin for my birthday in 2012 as a joke gift. Should I do something with it? I don't even know where to start.

sell it right now, get an account on coinbase, transfer the bitcoin in, sell it there, transfer the money out to your linked bank account

it's basically like signing up for a brokerage account and having a stock on a piece of paper that you have to mail in, except the stamp costs $20 and the transaction took an entire barrel of crude oil to conduct and if you mistype the destination address then you'll never see the stock again so be careful

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QuarkJets
Sep 8, 2008

Old Story posted:

I'm a rube with more cash than smarts and was thinking about buying say $1000 of various crypto whatever and then not looking at it for like 5 years.

I fully expect that I will lose all my money but it's not that much to me and it would be sort of a fun hail-mary. What should I buy and uhhh how, because I have never paid attention to any of this poo poo. Sorry for asking basic advice in what appears to be some sort of speculation thread.

All of the cryptocurrencies are basically the same and valued in BTC so if you just want to make a random gamble but don't feel like traveling to a casino then just get a coinbase account and buy some BTC

QuarkJets
Sep 8, 2008

iota: moist snuff that causes gum disease and tooth loss

QuarkJets
Sep 8, 2008

AARO I asked you twice to explain why you like Cardano in your own words but you still haven't, it really seems like maybe you don't actually have your own opinion

QuarkJets
Sep 8, 2008

ghosTTy posted:

i'm done gently caress all of tihs. just sold everything. waiting for the real dip now

Mods please make this the new thread title tia

QuarkJets
Sep 8, 2008

The crypto market has always been full of bull

QuarkJets
Sep 8, 2008

The dick on the largest plate goes in Limerick, naturally

QuarkJets
Sep 8, 2008

kcer posted:

lol loving hell you pissy baby, chill out. whatever iota runs on was down for a little bit, nothing was lost, what's the big loving deal? why are you so in bits about it

fyi his post is a pretty level-headed explanation (you wouldn't call every DDOS attack "failed" simply because they eventually end). I don't know why you're accusing him of being angry

QuarkJets
Sep 8, 2008

It may not seem like it to you but the entire transactional network becoming basically unusable for awhile is a big deal, especially if that network is meant to provide all communication between IOT devices. That's not like one website being down, it's more like a global network outage.

QuarkJets
Sep 8, 2008

ghosTTy posted:

iota is still in alpha so none of those comparisons are valid, yet

No, they're valid. Being in alpha doesn't grant immunity from criticism, in fact normally during alpha/beta testing you want criticism

QuarkJets
Sep 8, 2008

Well golly gee professor, you mean to say that problems stop being problems if they get fixed?

QuarkJets
Sep 8, 2008

kcer posted:

agreed, but maybe it shouldn't be compared to a massive global banking network going offline

Why not? It's designed to be that.

QuarkJets
Sep 8, 2008

AARO posted:

Ghostty is a fake poster.

What a mean thing to say

QuarkJets
Sep 8, 2008

THE COUNCIL OF NECKBEARDS HAS ASSEMBLED

QuarkJets
Sep 8, 2008

AARO posted:

Coinbase announced that their thinking of listing Cardano.

you should stop spreading this anti-bitcoin fud

QuarkJets
Sep 8, 2008

can we rename this thread to the AARO Memorial IOTA Appreciation Station?

QuarkJets
Sep 8, 2008

ghosTTy posted:


smart people would buy iota right now

Haven't you said that all year? What makes you not wrong this time

QuarkJets
Sep 8, 2008

ghosTTy posted:

my post is pretty self explanatory, and every time i suggest buying the price has gone up within a few days so i haven't been wrong yet

and yet

QuarkJets
Sep 8, 2008

ghosTTy are you that guy who designed vision-inverting glasses for himself?

QuarkJets
Sep 8, 2008

ghosTTy posted:

6 things that don’t change based on the USD valuation of IOTA:

...

My conviction.

lol :bitcoin:

Ross?? Is that you???

QuarkJets
Sep 8, 2008

Sorry kids, santa made some bad investments on internet pogs so I could only afford to get you some happy meal toys. There are also chicken nuggets in those bags but no fries, I ate those

QuarkJets
Sep 8, 2008

ghosTTy posted:

Pull the trigger, now.

In this case, "pull the trigger" means put a bullet in the brain of all cryptocurrencies

QuarkJets
Sep 8, 2008

an angry red owl posted:

The usd cost of a coin doesnt matter much to how useful it is.

True, in that they're all useless and the usd cost doesn't accurately reflect that

QuarkJets
Sep 8, 2008

the nearest competing currency to bitcoin is the german reichsmark

QuarkJets fucked around with this message at 07:23 on Nov 21, 2018

QuarkJets
Sep 8, 2008

ghosTTy posted:

https://reason.com/blog/2018/12/16/tim-may-influential-writer-on-crypto-ana



"A specter is haunting the modern world, the specter of crypto anarchy."

RIP AARO may your weird cardio-based currency live on in valhalla forever

:beerpal:

QuarkJets
Sep 8, 2008

depends, is the price in freefall? if so then lol oops our router came unplugged sorry withdrawals are delayed

QuarkJets
Sep 8, 2008

GoGoGadgetChris posted:

Yep, quite poo poo indeed.

BTC at ~$10,000 in January 2018 ($7900 now)

ETH at ~$1,000 in January 2018 ($257 now)

LTC at ~$180 in January 2018 ($91 now)

Just buy 10x as much of each to get your average price/coin down, then when it goes up up up it's all profit!!!

QuarkJets
Sep 8, 2008

lol if you don't sell a shitcoin when it hits 420 like that's investment 101

QuarkJets
Sep 8, 2008

OfF KiLTeR posted:

Excellent! Though, I don't really know what you'd want to do with the chronicles of the Greater LARPers of Strathcona County club...

Don't kinkshame

QuarkJets
Sep 8, 2008

Tether: "We decided to print $500B worth of IOUs"

ghostty: "$TO THE MOOOOOON"

QuarkJets
Sep 8, 2008

Cardano's "publicity" contract ran out so the shills stopped talking about it

iota's "publicity" contract is still active

QuarkJets
Sep 8, 2008

ghosty kramers into the thread to shill-advertise some shitcoin, shitcoin is revealed to run on a client that's actually a trojan and stops working days later

like clockwork

QuarkJets
Sep 8, 2008

Pretty sure that the account posting only about cryptocurrency, and nothing else, including in threads that are basically dead, is being paid to do so

QuarkJets
Sep 8, 2008

The laziest pump and dump scam I've ever seen is happening right now, in this very thread. You honor the memory of AARO

QuarkJets
Sep 8, 2008


ghosTTy posted:

Pure Profit

lol

QuarkJets
Sep 8, 2008


That should be your user avatar

QuarkJets
Sep 8, 2008

How many times can one group of people reinvent the ponzi scheme?

QuarkJets
Sep 8, 2008

My investment account is up 100% so far this year with NVidia shares, probably a better investment than ureacoin but who can really say

QuarkJets
Sep 8, 2008

vortmax posted:

Dogecoin has always been the superior cryptocurrency

This is accurate

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QuarkJets
Sep 8, 2008

Dogecoin still reigns supreme, lest anyone forget

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