Cryptocurrency

[WhiteWonder 2,723]

 

Not sure. I am pretty sure I remember reading vudu did with ETH so I don't see why not. When I make purchase with alt coins I always use BTC. I don't like to get rid of Ethereum or any of the smaller ones with more growth potential.

Right but if I want to purchase LTC and IOTA, it doesn't make sense for me to do a purchase of BTC if I don't have to. If I can buy just LTC and convert some of it to IOTA.

[twcsux 4]

Been using them all morning scalping LTC between Binance and GDAX

[iam90sbaby 2,589]

Right but if I want to purchase LTC and IOTA, it doesn't make sense for me to do a purchase of BTC if I don't have to. If I can buy just LTC and convert some of it to IOTA.

 

Yeah you can. You can with ETH and BTC should be able to.

[twcsux 4]

Same place. No reason they wouldnt be down too.

 

Not the same place. One is a website to buy coins, one is an actual coin exchange.

[IMMensaMind 462]

90s, please guarantee IOTA goes to 100

If I've calculated this correctly - and I'm not 100% certain I have - IOTA @ $100 would make it roughly equivalent to the market cap of BTC atm.

 

Technically, when you buy IOTA, you're buying MIOTA, which is - technically - a million IOTA. That's because there are a bazillion IOTA (again, due to the incredible scale potential of literally having to have an IOTA involved in everything connected to the 'net in the future).

 

Still learning about IOTA. Getting more amped about it as I do. Truly incredible stuff. I highly recommend the video that 90's offered of one of the 4 founders speaking about IOTA, what it is and how it has the potential to change our world.

[twcsux 4]

I agree, fascinating technology

[tanatastic 2,062]

Not the same place. One is a website to buy coins, one is an actual coin exchange.

Same place, its a known thing, having same issues. https://www.reddit.com/r/GDAX/

 

But dont want to argue so whatever. Its all good.

[twcsux 4]

Dude, I literally just bought LTC an hour ago in GDAX so no, not same problem. Slow to fill order but it fills.

[tanatastic 2,062]

Dude, I literally just bought LTC an hour ago in GDAX so no, not same problem. Slow to fill order but it fills.

Yes, but you are different and more special than everyone else, more skilled. Service outages announced for all else but you.

[twcsux 4]

And this is why I don’t post here. Have you even tried GDAX today?

[tanatastic 2,062]

And this is why I don’t post here. Have you even tried GDAX today?

What does it matter? It’s working for you, that’s all that matters.

[twcsux 4]

I would post an image of all my transactions at GDAX today Tantastic but I don’t really give a if you believe me or not. God forbid someone knows more than the geek club about a topic.

 

Good luck all, I’m out. I’ve git $$$ to make and don’t need the negative vibes that always crop up on this board.

 

Hope I did provide some help to some of you.

 

Peace and Love!

[RaiderHaters Revenge 4,316]

what in the holy hell??

[iam90sbaby 2,589]

what in the holy hell??

 

Only the Geek Club would find something negative about making money.

[tanatastic 2,062]

I would post an image of all my transactions at GDAX today Tantastic but I dont really give a ###### if you believe me or not. God forbid someone knows more than the geek club about a topic.

Good luck all, Im out. Ive git $$$ to make and dont need the negative vibes that always crop up on this board.

Hope I did provide some help to some of you.

Peace and Love!

Lol oh no! I praised your skills and knowledge, said you were right and commended you for being able to make deals even with known service outages cuz your that good. Its positive vibes, I even said I didnt want to argue! No need to post pics, I believe you. Would I ask van gough to prove he painted a picture?

[Gladiators 1,983]

Lol oh no! I praised your skills and knowledge, said you were right and commended you for being able to make deals even with known service outages cuz your that good. Its positive vibes, I even said I didnt want to argue!

If he is gone, so am I. Thanks a lot Tan.

 

I am going to do some pull ups from the roof of my office building. I will try to find someone to record it.

[IMMensaMind 462]

I could be way off but I feel like a decent comparison for IOTA is ETH. It may not be bock chain but it is a currency used to transact on a network loke ETH is used to build on the ethereum platform... no?

I never got the sense that people would be buying cups of coffee with ETH like they might with BTC or LTC.

Always thought the value was tied to the demand for usage of the ethereum network...

I think you're right about that. That 40 minute video shed a lot of light on the topic for me; love that kid's demeanor as well. I'm feeling real - unafraid - brilliance there.

 

IOTA is a platform more than a coin; ETH is a platform more than a coin; it strikes me that CCs like BTC and LTC are the things taking on the EU and the USD and Yuan, etc, but ETH and IOTA are contemporary complements to operating systems.

 

And I'm pretty sure that analogy sucks as well.

 

I'm pretty amped about IOTA atm.

[IMMensaMind 462]

I would post an image of all my transactions at GDAX today Tantastic but I don’t really give a ###### if you believe me or not. God forbid someone knows more than the geek club about a topic.

Good luck all, I’m out. I’ve git $$$ to make and don’t need the negative vibes that always crop up on this board.

Hope I did provide some help to some of you.

Peace and Love!

Hope you stick around twcsux; I find your input pretty damned important.

[nobody 2,654]

What I don't quite get is why people think the technology is so amazing.

 

It's just distributed processing. That's been around forever. And honestly to me the implementation of the bitcoin blockchain is kind of inefficient because it emphasizes parallel processing over speed.

 

I kind of like the Litecoin's implementation better.

 

I love me some cryptos, but that's just my 2 cents.

[Frozenbeernuts 2,239]

Couple of things about IOTA I'd like to talk through here.

 

I posted a while ago about having to consider the number of coins in circulation to give you some idea of the value of each CC to one another, and - from there - you can at least better determine for yourself which holds the most potential for growth from the present valuation.

 

There are a whole lot more IOTA around than there are BTC - by necessity, considering the purpose of IOTA. IOTA and BTC are totally different in far more important ways beyond available tokens though.

 

IOTA is not technically a blockchain in the same sense that BTC, LTC or even ETH are. IOTA is specifically created software - based upon a layered protocol called 'Tangle' - which allows 'microcontracts' (or, small exchanges of data without overhead "cost") between devices.

 

To me, it is reminiscent of the scene in Minority Report where the Tom Cruise character is walking through the retail area, and the displays react to his presence and customize - instantly - their responses to the data/info he represents. I'm seeing IOTA literally as oil in the engine of the Internet of Things (hence the name, which is really clever: it is a very small software package - an iota - that makes the Internet of Things work).

 

So I don't doubt the value of the technology. I can see how indispensable is about to be in the upcoming 10 years. That's not my concern. I'm concerned about how it makes money. How does it make money? With true CCs; the value of them is based upon the value of the tangible services transacted with them, just as the dollar is. IOTA doesn't appear to be a true CC in the same sense; its value is found in creating costless transactions between nodes on a network - and the IoT is going to have literally trillions of nodes in the future. Anything with any utility will be a node. It's all going to be connected, IMO.

 

Is IOTA going to receive licensing fees for its use in the IoT? These are things I don't know, so I'm having real trouble figuring out the value of IOTA in the future.

That was my original qualm with IOTA, doesn't the immense coin cap make it hard to see gains? But I can't deny the technology. It is so revolutionary, like ETH. I'm still skeptical the price can grow to anywhere near 100, but I have the most coins of IOTA

[tanatastic 2,062]

Hope you stick around twcsux; I find your input pretty damned important.

Me too! I did nothing but praise his superior and vast knowledge and website using skill. *shrug*

[IMMensaMind 462]

Lots of thoughts have been running through my head on all the possibilities this technology has the potential to offer, including things like insurance offered on either the IOTA or ETH platform; a private lottery, etc.

 

Literally endless possibilities.

 

Spitballing here, but this really attacks the notion of 'intrinsic' value. The value of most things is artificially suppressed or inflated by an available market/rarity/etc. I think this technology unlocks real value by maximizing the efficiency of a truly complete and instantly attached marketplace.

 

That could make some things decrease value and some things increase. It could, for instance, tremendously reduce the value of gold, because it takes away the need for a 'traditional' store of value: a shelter from the ramifications of manipulations of an economy via inflation and deflation.

 

I'm not really transferring what I really think adequately into to text.

 

I think this technology has the potential to eliminate reactive monetary policy in fiat currency (read: "oh. The economy is heating up? Ok: pump more dollars into the economy to ensure sufficient liquidity."...then "uh oh. We pumped too much; overly heating it up and now we have tremendous inflation and have to dial it back down"...thus creating these booms/busts, and deepening the peaks and valleys.

 

And all the skimming and graft and BS we've endured in the process.

 

This technology provides instant adjustment to the needs of the economy. I think it is proactive liquidity in the marketplace, and only creates 'inflation' in the sense of the accommodation it allows as more participate in the economy, and those already participating reach levels of productivity and efficiency we never before thought were possible.

 

That's what's happening with this. Hop the fock aboard!

[IMMensaMind 462]

That was my original qualm with IOTA, doesn't the immense coin cap make it hard to see gains? But I can't deny the technology. It is so revolutionary, like ETH. I'm still skeptical the price can grow to anywhere near 100, but I have the most coins of IOTA

Well, one thing I just found out is that when you purchase "IOTA", you're actually purchasing MIOTA...which is a million IOTA.

 

Unless I don't know wtf I'm talking about.

 

Because it appears that there are something like 2,700,000,000,000,000 IOTA - which makes sense based on what the technology is supposed to be able to handle.

[edjr 6,580]

North Korea may be making a fortune from bitcoin mania

 

 

http://money.cnn.com/2017/12/12/technology/north-korea-bitcoin-hoard/index.html

 

 

 

In recent months, experts and officials say North Korea has been "mining" bitcoin, demanding it as ransom payment and outright stealing the digital currency.

"It is a fact that North Korea has been attacking virtual currency exchanges," said Lee Dong-geun, a director with South Korea's state-run Korea Internet and Security Agency. "We don't know how much NortNorth Korean hackers targeted four different exchanges that trade bitcoin and other digital currencies in South Korea in July and August, sending malicious emails to employees, according to police.

Bitcoin is a type of cryptocurrency that lives on computer servers. The virtual coins are "mined" by complex algorithms and recorded in a digital ledger.

Experts say it's unclear how much bitcoin and other cryptocurrencies North Korea has amassed.

"It's reasonable to assume some -- and the value is increasing significantly at the moment," said Bryce Boland, Singapore-based chief technology officer with cybersecurity firm FireEye.h Korea hasRelated: Bitcoin rally continues as futures forecast even higher prices

Experts say the attacks are likely to continue as bitcoin's price skyrockets. It started the year below $1,000 but has soared more than 1,500%, crossing $17,000 for the first time last week.

It's not just bitcoin's dizzying gains that make it appealing to North Korea.

The digital currency was designed to operate outside of the control of governments or banks. That's likely to appeal to North Korea at a time when the U.S. is stepping up efforts to cut the country out of the international financial system over its nuclear weapons program. stolen so far, but we do know that the police have confirmed the regime's hacking attempts."

 

 

[vuduchile 1,945]

Right but if I want to purchase LTC and IOTA, it doesn't make sense for me to do a purchase of BTC if I don't have to. If I can buy just LTC and convert some of it to IOTA.

I didnt find a LTC/IOTA exchange listed there so had to use BTC and ETH to buy IOTA.

[Frozenbeernuts 2,239]

90s, how well are you doing buying and selling on dips and peaks?

[edjr 6,580]

SELL SELL SELL SELL!

[Frozenbeernuts 2,239]

SELL SELL SELL SELL!

Little late there skippy

[iam90sbaby 2,589]

90s, how well are you doing buying and selling on dips and peaks?

 

My bots are beating B&H by 4% roughly. But when I manually do I like to do margin trading in Polo typically I do pretty well but I am not going to lie I have been getting slaughter by B&H the last month on margin trading. It just keeps going up man.

[edjr 6,580]

Little late there skippy

 

BUY BUY BUY!

[Frozenbeernuts 2,239]

 

My bots are beating B&H by 4% roughly. But when I manually do I like to do margin trading in Polo typically I do pretty well but I am not going to lie I have been getting slaughter by B&H the last month on margin trading. It just keeps going up man.

How much a month does the bot run? Or is it a 1 time fee?

[iam90sbaby 2,589]

How much a month does the bot run? Or is it a 1 time fee?

 

At cryptotrader.org it is open source and the coders can offer 1 month or 3 month subs. I use a bot called Polo Slayer and Margin Slayer - not sure if they are available as he likes to keep the amount of people using that bot at a certain number. I buy the bot every 3 months and it cost me around $350.

[nobody 2,654]

 

North Korea may be making a fortune from bitcoin mania

 

 

http://money.cnn.com/2017/12/12/technology/north-korea-bitcoin-hoard/index.html

 

That's another concern i have as a crypto lover. This move to digital currency absolutely has the potential to impower those that would love to do us harm.

[Frozenbeernuts 2,239]

That's another concern i have as a crypto lover. This move to digital currency absolutely has the potential to impower those that would love to do us harm.

Yeah, it turns conventional currency on its head. It's a conundrum of sorts. American dollars fuel the value of these currencies, but also, if the US barred it's citizens from utilizing it, our dollar would sink anyway.

[Frozenbeernuts 2,239]

 

At cryptotrader.org it is open source and the coders can offer 1 month or 3 month subs. I use a bot called Polo Slayer and Margin Slayer - not sure if they are available as he likes to keep the amount of people using that bot at a certain number. I buy the bot every 3 months and it cost me around $350.

Damn. That sounds pricey. Must have a good return. Ever have a negative return in a 3 month span from a bit.

 

I guess pricey is relative to how much is invested

[iam90sbaby 2,589]

Damn. That sounds pricey. Must have a good return. Ever have a negative return in a 3 month span from a bit.

 

I guess pricey is relative to how much is invested

 

If you backtest these two bots in any 30 day increment 75% of the time it profits. I have used some bad ones that have in the past but I finally settled on these two. $350 for 3 months is actually a good deal considering that stock trading bots that the big firms use cost $100,000+. Plus the bot will pay for itself within a month anyways at least it has for me. You can backtest the bot before purchasing. Look at the Margin Slayer and pick any 30 day increment the last 2 months or so. You'll be shocked.

[Frozenbeernuts 2,239]

 

If you backtest these two bots in any 30 day increment 75% of the time it profits. I have used some bad ones that have in the past but I finally settled on these two. $350 for 3 months is actually a good deal considering that stock trading bots that the big firms use cost $100,000+. Plus the bot will pay for itself within a month anyways at least it has for me. You can backtest the bot before purchasing. Look at the Margin Slayer and pick any 30 day increment the last 2 months or so. You'll be shocked.

This is all in the cloud too, so I don't have to worry about the security aspect myzelf. How secure is their cloud?

[iam90sbaby 2,589]

This is all in the cloud too, so I don't have to worry about the security aspect myzelf. How secure is their cloud?

 

I've never had a problem with it before and I am on the chat basically everyday and have never heard anyone complain about security.

[Frozenbeernuts 2,239]

 

I've never had a problem with it before and I am on the chat basically everyday and have never heard anyone complain about security.

How much Ethereum at minimum should I hold on an exchange to make a profit on a bot?

[iam90sbaby 2,589]

How much Ethereum at minimum should I hold on an exchange to make a profit on a bot?

 

Oh man this is going to have to be up to you. You get a 2.5 leverage on margin trading with the margin bot. You take the higher risk of losing your initial investment but the silver lining is you need a smaller initial investment.

 

With these bots I highly advise you to only invest what you are comfortable with. They work for me and other people. But they can also be fickle. If you start the bot at 3:03pm and it catches some wrong signals it will throw the bot off for days. Its all about timing.

 

So what I did is Polo has linked accounts. I created 3 different Polo accounts for the margin bot (there is only one master so once you are verified your linked accounts are automatically verified). All trading BTC/ETH. I started one at what would have been 9am in the US, 9am in the UK and 9am in Shanghai. I think you understand why I did that without me explaining it to you, but yeah thats what I did, give it a go if you want.