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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 480

post #4791 of 22522
Quote:
Originally Posted by Shurr View Post

Wish I was an early adopter, I had known about cryptos since btc very early, was just one of those people who was afraid it wasnt going anywhere, then became one of those people who were like "i missed the boat". After btc hit 1000 for the first time, I bought in on the drop, did day trading for a week, and sold on a high point. I made about 3x my money in a week. I got lucky, so used all the profit to buy a metric crap ton of computer parts. Otherwise I wouldnt have had the cash to get them, the 290x's alone cost more than my initial investment. Just got really lucky on my timing

Yea I remember learning about bitcoins about 3 years ago in a buddys basement, we were talking about the novel Snow Crash and that's how we got on the topic (cryptocurrencies is the norm in that alternate universe). After that I looked it up and was going to mine too, it till I read how "you can never turn a profit as it cost more in hydro". Wishing now I looked into it a little harder than that, but I dropped it, although it has always been on my radar since then... For a while I thought I missed the boat too, but now I think this is not going away anytime soon.... I think there's a future with this stuff..thumb.gif
Edited by Campin - 12/11/13 at 3:27pm
post #4792 of 22522
Question, do you covert your alt-coins (LTC,FTC,etc.) right into BTC or are investing in those alt-coins cause you think they're going up?

I'm just curious.. for me I'm so far keeping my LTC, I know there is more risk but also more reward... It's profile is already on the rise and can see it going much higher, especially if BTC rallies higher..
post #4793 of 22522
Now I know why TD isn't very popular and why I'll never use them again thumb.gif

post #4794 of 22522
Quote:
Originally Posted by Campin View Post

Question, do you covert your alt-coins (LTC,FTC,etc.) right into BTC or are investing in those alt-coins cause you think they're going up?

I'm just curious.. for me I'm so far keeping my LTC, I know there is more risk but also more reward... It's profile is already on the rise and can see it going much higher, especially if BTC rallies higher..

People mine FTC hoping the prices would shoot back up to 0.0009. People mine litecoin for stability, but litecoin prices might also shoot up if Scrypt ASICs are released in large quantities (making scrypt coins harder to mine and more rare).

If you are looking for the most profitable coin so you can cash in the money every week, look here: http://www.coinwarz.com/cryptocurrency/?sha256HashRate=1000.00&sha256Power=0.00&sha256PowerCost=0.0000&scryptHashRate=2500&scryptPower=0.00&scryptPowerCost=0.2000&sha256Check=false&scryptCheck=true

Edit: I overclocked my cards and should get 3MH/s when I run my 7850 (only during the day). Whoo, Tied for first in the team.


Edited by TheLAWNOOB - 12/11/13 at 4:04pm
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post #4795 of 22522
Quote:
Originally Posted by Campin View Post

Question, do you covert your alt-coins (LTC,FTC,etc.) right into BTC or are investing in those alt-coins cause you think they're going up?

I'm just curious.. for me I'm so far keeping my LTC, I know there is more risk but also more reward... It's profile is already on the rise and can see it going much higher, especially if BTC rallies higher..
I've only fully been in this for almost 2 weeks, but so far I've really only made a handful of transactions. I sold my initial ~2 LTC at roughly $41 each, then bought back in at $38 thinking it was going back up.....yeah about that. Since then I've just been churning out FTC, now sitting at 250 and banking those for now.

I'm still torn on if I want to convert these FTC into something else. As you said, more risk but also the potential for a lot higher return. Regardless, I haven't put any of my cash into this other than the power bill. So far, I'm up $146 based on values right now. What most of us really should do, is just keep mining, watching the difficulty and ignore it for 3-6 months.
 
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post #4796 of 22522
Quote:
Originally Posted by Willanhanyard View Post

Where should I trade my FTC?

What ever i mine i hold and wait for pumps so i can dump and get BTC.
    
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post #4797 of 22522
Thread Starter 
Quote:
Originally Posted by legoman786 View Post

Correct.

My wife likes to watch her TV shows using Hulu via the PC I have in the living room, so my hash rates vary throughout the day. But I have 2x 5770's putting out a combined ~380 kh/s, and I've made 0.01 BTC in the past 3 days.
What is hashco's fee?

2.5% with autotrade, vs almost 4% for middlecoin.
Quote:
Originally Posted by Hokies83 View Post

Whee! time to go to the home pageeeee...

It's already there. tongue.gif
Quote:
Originally Posted by Campin View Post

Question, do you covert your alt-coins (LTC,FTC,etc.) right into BTC or are investing in those alt-coins cause you think they're going up?

I'm just curious.. for me I'm so far keeping my LTC, I know there is more risk but also more reward... It's profile is already on the rise and can see it going much higher, especially if BTC rallies higher..

Mine other coins and buy LTC...mining ltc is a bit worse vs other coins.
post #4798 of 22522
Quote:
Originally Posted by Hokies83 View Post

What ever i mine i hold and wait for pumps so i can dump and get BTC.

I don't have quite enough to make a substantial trade yet, but what about selling them on ebay for a marked up price? That seems a lot better than trading at the moment. What do you think?
    
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post #4799 of 22522
Quote:
Originally Posted by Hokies83 View Post

I Trade at BTC-E

Same here. Plus the trollbox can be very entertaining sometimes biggrin.gif
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post #4800 of 22522
Quote:
Originally Posted by Willanhanyard View Post

I don't have quite enough to make a substantial trade yet, but what about selling them on ebay for a marked up price? That seems a lot better than trading at the moment. What do you think?

Ebay Fees are 10% and in the section u have to post BTC in it is like 15%
    
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