Overclock.net › Forums › Distributed Computing › Distributed Computing - General › Cryptocurrency Traders Club
New Posts  All Forums:Forum Nav:

Cryptocurrency Traders Club - Page 19

Poll Results: How do you feel about crypto currencies in general (not any specific coin)?

 
  • 31% (20)
    This is the future of financial transactions and will replace current systems in 5-10 years!
  • 35% (23)
    It's an evolutionary step, but without regulation and standardization will likely be replaced eventually.
  • 20% (13)
    It's likely to go strong for a few years, but long-term will simply be viewed as a fad.
  • 12% (8)
    It's a ridiculous ponzi-scheme, and it could all collapse entirely any second now!
64 Total Votes  
post #181 of 319
People should read this: IRS TAX RULING

Interesting to see the implications of this.
post #182 of 319
Thread Starter 
Hey guys... been real involved over at the BlackCoinPool IRC channel and haven't even gotten around to logging into OCN for several days... but everything hasn't been just watching my BC shoot up to the moon (YAY!)... other trading has occurred as well (although not as much because I've basically been all-in on BC for the past two weeks).

But had a tiny amount of fun with Q2C yesterday:


~40% gains in two trades and 3.5 hours... isn't bad even if it's not getting me rich. smile.gif

And usually, when I look at my trade history on an exchange - I'm sobered by the number of really bad decisions (of course, mostly because of the 'gift' of hindsight). However, when I look at this batch on Mintpal... it always makes me grin.

Other than a few temporary sells... which were only in BTC for a few hours and then right back for even more BC on the buy side... all of it and much more has stayed put (well, actually transferred to my wallet for staking). biggrin.gif



YAY BC!!! biggrin.gif Highlighted portion is what I consider my best decision ever... sold my remaining DOGE at ~25-30% more than it's currently trading for... to buy BC at about 90% less than it's currently trading for. biggrin.gif
Edited by DiGiCiDAL - 3/25/14 at 2:19pm
post #183 of 319
Quote:
Originally Posted by DiGiCiDAL View Post

Hey guys... been real involved over at the BlackCoinPool IRC channel and haven't even gotten around to logging into OCN for several days... but everything hasn't been just watching my BC shoot up to the moon (YAY!)... other trading has occurred as well (although not as much because I've basically been all-in on BC for the past two weeks).

But had a tiny amount of fun with Q2C yesterday:


~40% gains in two trades and 3.5 hours... isn't bad even if it's not getting me rich. smile.gif

And usually, when I look at my trade history on an exchange - I'm sobered by the number of really bad decisions (of course, mostly because of the 'gift' of hindsight). However, when I look at this batch on Mintpal... it always makes me grin.

Other than a few temporary sells... which were only in BTC for a few hours and then right back for even more BC on the buy side... all of it and much more has stayed put (well, actually transferred to my wallet for staking). biggrin.gif



YAY BC!!! biggrin.gif Highlighted portion is what I consider my best decision ever... sold my remaining DOGE at ~25-30% more than it's currently trading for... to buy BC at about 90% less than it's currently trading for. biggrin.gif

I wish that was me. rolleyes.gif

I had to tell off a bunch of the pump and dumpers on the IRC earlier today. They were trying to run the coin into the dirt for cheap buys, and then talk about how BC was different from all the other coins. I asked them how grinding BC into the dirt was any different than any other coin? They started talking bout BC being unique and bla bla bla, I said how about being unique by going up instead of grinding it into the dirt. They've mostly stopped their dumping, but the price has never really recovered. When the price was rising steady, we were gaining investors, but serious investors don't like too much volatility, some is good just to keep some interest going, but not 30-40% fluctuations at a moments notice. I think another problem with too many pump and dumps is the concentration of too many coins into too few hands; what good is a coin if virtually nobody has any? This is one of the things I'm trying to accomplish with Nutcoin, that is to get some into as many hands as possible, because the more people that have some and want to do something with them the more likely the adoption as a legitimate currency. The problem BC is having right now is they are scaring investors away with the volatility and everybody like me and you are basically all in already, we can't buy any more than we already have. We can mine to buy more, but that's a slow process and doesn't dramatically affect the BC market, but it's real easy to hurt it with dumps. I haven't even mentioned the problems CryptoRush has been trying to cause BC today. That's another, but related subject that BC has had to contend with today, and that I'm sure hasn't helped the BC price any. One advantage I think Nutcoin might have going for it for long term success is the fact that it is flying under the radar and the longer that happens and the coin becomes more widely dispersed amongst many, the better. I think it would be better for 100,000 people to have 100,000 Nutcoins each than 1000 people to have 1 million Nutcoins each. I'm gonna stop rambling for now. biggrin.gif They were just pissing me off earlier thinking that all those dumps were good things. I asked them if I wasn't just wasting my time mining?
Roulette Run
(14 items)
 
  
CPUMotherboardGraphicsRAM
AMD FX-8350 SABERTOOTH 990FX/GEN3 R2.0 Galaxy GTX 780 HOF G.Skill 
RAMCoolingOSMonitor
G.Skill Noctua NH-D14 120mm & 140mm SSO CPU Cooler Windows 7 ASUS VN247H-P Black 23.6" 1ms (GTG) HDMI Widesc... 
KeyboardPowerCaseMouse
Logitech Y-RCP140 Antec CP-850 Antech 1200 Logitech M185 
Mouse PadAudio
None Klipsh THX 
  hide details  
Reply
Roulette Run
(14 items)
 
  
CPUMotherboardGraphicsRAM
AMD FX-8350 SABERTOOTH 990FX/GEN3 R2.0 Galaxy GTX 780 HOF G.Skill 
RAMCoolingOSMonitor
G.Skill Noctua NH-D14 120mm & 140mm SSO CPU Cooler Windows 7 ASUS VN247H-P Black 23.6" 1ms (GTG) HDMI Widesc... 
KeyboardPowerCaseMouse
Logitech Y-RCP140 Antec CP-850 Antech 1200 Logitech M185 
Mouse PadAudio
None Klipsh THX 
  hide details  
Reply
post #184 of 319
Dump fiat into market nao!!!
    
CPUMotherboardGraphicsRAM
Core i7 920 4ghz 1.25v Evga Classified E760/E762 Evga Gtx 480 + Galaxy GTX 480 SLI 6GB Corsair Dominator GT 1600mhz 
Hard DriveOSMonitorKeyboard
Crucial C300 256Gb, Samsung 7200rpm 320gb, 2x W... Windows 7 64-bit Home premium Dell U2410 1920x1200 Wireless Logitech 
PowerCaseMouseMouse Pad
Antec Quatro 1200w Corsair 800D Razer Death Adder Office Depot thingy 
AudioAudio
Asus Xonar STX Sennheiser HD555's 
  hide details  
Reply
    
CPUMotherboardGraphicsRAM
Core i7 920 4ghz 1.25v Evga Classified E760/E762 Evga Gtx 480 + Galaxy GTX 480 SLI 6GB Corsair Dominator GT 1600mhz 
Hard DriveOSMonitorKeyboard
Crucial C300 256Gb, Samsung 7200rpm 320gb, 2x W... Windows 7 64-bit Home premium Dell U2410 1920x1200 Wireless Logitech 
PowerCaseMouseMouse Pad
Antec Quatro 1200w Corsair 800D Razer Death Adder Office Depot thingy 
AudioAudio
Asus Xonar STX Sennheiser HD555's 
  hide details  
Reply
post #185 of 319
Thread Starter 
Yeah... had to pull some more BTC out of cold storage to go on another BC buying spree... who knows where all this will end up - but I still believe that BC has a better chance in the long run than almost any other coin (including Bitcoin actually). There's a very long road ahead and much depends on the community and whether the pool gets everything worked out and if they manage to get a direct decentralized exchange going like was discussed.

The bottom line is that once the dust settles... there might only be a few of us that control a large portion of the coins... but that's the problem with so few (see BTC). On the other hand nutcoin has the opposite problem - super inflation. With no place to spend and millions per day mined... I see it as very unlikely they will ever escape the 1 Sat blackhole that currently exists.

Don't get me wrong - I'm keeping mine (even with over 50M - at 1 Sat it's simply worth more to me to hold)... plus with the price of BTC going down every day - it's really not worth it to sell at that price. I'll give them away and keep donating to bounties, etc... but I think this will be a pretty dark year for cryptos overall. Needs to happen however, as we're still launching new coins daily - and that's the real problem. Once the market get's filtered back down to a handful of successful coins, then we can start making progress again.

On the trading front - bought back in to DOGE a little... dunno if the NASCAR fund will generate more interest or not - but can't really afford to not play it a little just in case it goes back to 200. smile.gif
post #186 of 319
Quote:
Originally Posted by DiGiCiDAL View Post

Yeah... had to pull some more BTC out of cold storage to go on another BC buying spree... who knows where all this will end up - but I still believe that BC has a better chance in the long run than almost any other coin (including Bitcoin actually). There's a very long road ahead and much depends on the community and whether the pool gets everything worked out and if they manage to get a direct decentralized exchange going like was discussed.

The bottom line is that once the dust settles... there might only be a few of us that control a large portion of the coins... but that's the problem with so few (see BTC). On the other hand nutcoin has the opposite problem - super inflation. With no place to spend and millions per day mined... I see it as very unlikely they will ever escape the 1 Sat blackhole that currently exists.

Don't get me wrong - I'm keeping mine (even with over 50M - at 1 Sat it's simply worth more to me to hold)... plus with the price of BTC going down every day - it's really not worth it to sell at that price. I'll give them away and keep donating to bounties, etc... but I think this will be a pretty dark year for cryptos overall. Needs to happen however, as we're still launching new coins daily - and that's the real problem. Once the market get's filtered back down to a handful of successful coins, then we can start making progress again.

On the trading front - bought back in to DOGE a little... dunno if the NASCAR fund will generate more interest or not - but can't really afford to not play it a little just in case it goes back to 200. smile.gif

I agree, too many coins for the amount of money currently in the market and with every new coin introduced, the money pool gets diluted just a little more. In the near term, the only thing that could save us would be a huge influx of new money into the market. I've seen some rumblings that something like that might happen, however at the same time, these new taxing regulations introduced by the IRS might put the screws to some of that. I see 2014 and maybe into 2015 as a huge turning point for cryptos in a lot of directions, nothing is going to remain static in any facet of the game. The key is to keep your eyes, your ears and most importantly your mind open to new opportunities. I think there will be fortunes both won and lost in the next year or two in Cryptoland, I wish I was Wolong and in control of it all and could make it all dance to my tune, but he ain't me. rolleyes.gif
Roulette Run
(14 items)
 
  
CPUMotherboardGraphicsRAM
AMD FX-8350 SABERTOOTH 990FX/GEN3 R2.0 Galaxy GTX 780 HOF G.Skill 
RAMCoolingOSMonitor
G.Skill Noctua NH-D14 120mm & 140mm SSO CPU Cooler Windows 7 ASUS VN247H-P Black 23.6" 1ms (GTG) HDMI Widesc... 
KeyboardPowerCaseMouse
Logitech Y-RCP140 Antec CP-850 Antech 1200 Logitech M185 
Mouse PadAudio
None Klipsh THX 
  hide details  
Reply
Roulette Run
(14 items)
 
  
CPUMotherboardGraphicsRAM
AMD FX-8350 SABERTOOTH 990FX/GEN3 R2.0 Galaxy GTX 780 HOF G.Skill 
RAMCoolingOSMonitor
G.Skill Noctua NH-D14 120mm & 140mm SSO CPU Cooler Windows 7 ASUS VN247H-P Black 23.6" 1ms (GTG) HDMI Widesc... 
KeyboardPowerCaseMouse
Logitech Y-RCP140 Antec CP-850 Antech 1200 Logitech M185 
Mouse PadAudio
None Klipsh THX 
  hide details  
Reply
post #187 of 319
What does everyone think of that numus coin? Looks like allot of work has gone into it, with more than just a week of last minute launch. Could be the next heavy hitter? i was looking at investing in the IPO but still cautious.
Upgrayedd
(8 items)
 
  
CPUMotherboardGraphicsRAM
Ryzen 1700 @ 3.95GHz 1.387v Asus Prime B350 Plus  RX480 XFX RS 1350/2200 Corsair Vengeance LPX 16GB 2933Mhz cas 14 
Hard DriveOSMonitorPower
Samsung 950 Pro M.2 Windows 10 pro x64 Viotek curved FHD 144Hz EVGA 750w 80 Bronze 
  hide details  
Reply
Upgrayedd
(8 items)
 
  
CPUMotherboardGraphicsRAM
Ryzen 1700 @ 3.95GHz 1.387v Asus Prime B350 Plus  RX480 XFX RS 1350/2200 Corsair Vengeance LPX 16GB 2933Mhz cas 14 
Hard DriveOSMonitorPower
Samsung 950 Pro M.2 Windows 10 pro x64 Viotek curved FHD 144Hz EVGA 750w 80 Bronze 
  hide details  
Reply
post #188 of 319
Quote:
Originally Posted by Roulette Run View Post

I agree, too many coins for the amount of money currently in the market and with every new coin introduced, the money pool gets diluted just a little more. In the near term, the only thing that could save us would be a huge influx of new money into the market. I've seen some rumblings that something like that might happen, however at the same time, these new taxing regulations introduced by the IRS might put the screws to some of that. I see 2014 and maybe into 2015 as a huge turning point for cryptos in a lot of directions, nothing is going to remain static in any facet of the game. The key is to keep your eyes, your ears and most importantly your mind open to new opportunities. I think there will be fortunes both won and lost in the next year or two in Cryptoland, I wish I was Wolong and in control of it all and could make it all dance to my tune, but he ain't me. rolleyes.gif

And this is why I tend to look at Bitcoin news more for the long term. If any new fiat goes into buying cryptocurrency directly most of the time it's with Bitcoin. Maybe fiat-Dogecoin would see another push later on. However we shouldn't just look at money that goes into cryptos directly. We should be looking at money that is going into crypto infrastructure. The regulated US Bitcoin exchanges, Bitcoin ATMs in new markets especially in Dubai where remittance is a big deal... these will be the things to grow the market cap.

Here's an interesting chart with a strong correlation with the Bitcoin market cap and Metcalfe's law.



Metcalfe's law states that the value of a telecommunication network is proportional to the square of the number of connected users to the system.
post #189 of 319
hmmm so about that blackcoin.....

Any idea how high this is going? I'd like to sell soonish so I can buy when the price drops again, I'm just not sure when!
Main Rig
(13 items)
 
Secondary Rig
(15 items)
 
 
CPUMotherboardGraphicsGraphics
i7 3770k MSI Z77A-GD65 Gigabyte 780 OC Gigabyte 780 OC 
RAMHard DriveHard DriveOptical Drive
Ripjaw  Samsung F3  Samsung 830  Asus CD-Rom 
CoolingMonitorMonitorPower
Cooler master hyper 212+  Asus  27in 1440p Auria EQ276W 760 Watt Silencer 
Case
Haf 912 
CPUMotherboardGraphicsGraphics
i7 3770k ASRock Z77 Pro4-M 290 XFX DD R9 280X Gigabyte 
GraphicsGraphicsRAMHard Drive
R9 280X MSI Gaming R9 280X Power Cooler Crucial Ballistix  Samsung 830 series 
Hard DriveOptical DriveOSMonitor
WD Black Asus 24x Windows 7 Asus 24in  
MonitorPowerCase
27in 1440p Auria CM 750 600T 
  hide details  
Reply
Main Rig
(13 items)
 
Secondary Rig
(15 items)
 
 
CPUMotherboardGraphicsGraphics
i7 3770k MSI Z77A-GD65 Gigabyte 780 OC Gigabyte 780 OC 
RAMHard DriveHard DriveOptical Drive
Ripjaw  Samsung F3  Samsung 830  Asus CD-Rom 
CoolingMonitorMonitorPower
Cooler master hyper 212+  Asus  27in 1440p Auria EQ276W 760 Watt Silencer 
Case
Haf 912 
CPUMotherboardGraphicsGraphics
i7 3770k ASRock Z77 Pro4-M 290 XFX DD R9 280X Gigabyte 
GraphicsGraphicsRAMHard Drive
R9 280X MSI Gaming R9 280X Power Cooler Crucial Ballistix  Samsung 830 series 
Hard DriveOptical DriveOSMonitor
WD Black Asus 24x Windows 7 Asus 24in  
MonitorPowerCase
27in 1440p Auria CM 750 600T 
  hide details  
Reply
post #190 of 319
Quote:
Originally Posted by lacrossewacker View Post

hmmm so about that blackcoin.....

Any idea how high this is going? I'd like to sell soonish so I can buy when the price drops again, I'm just not sure when!

Your guess is as good as mine. So far it's been resistant to all the fud that has been driving others down.
Me Rig
(15 items)
 
HTPC
(7 items)
 
Phenom
(12 items)
 
CPUMotherboardGraphicsRAM
i7-5820k X99 Extreme4 MSI GTX 1070 SEA HAWK X Corsair Vengeance Series 32GB 
Hard DriveHard DriveOptical DriveCooling
Seagate 1Tb Samsung 840 SSD Sony 22X Dual Format/Double Layer DVD±R/±RW Hydro Series H80i 
OSMonitorPowerCase
Windows 10 Asus VG278H 3D Vision 2  Cooler Master V1000 Corsair Obsidian 450D 
CPUMotherboardGraphicsRAM
i7 920 MSI Pro e x58 4 - Xfx R9 280x Black DD Corsair 1600mhz 12gn 
Hard DriveOSPower
Crucial 128 SSD Windows 8.1 2xCorsair CS750m 
CPUMotherboardGraphicsRAM
i7 2700k Gigabyte Z68MA-D2H-B3 Palit Gtx 480 w/Antec 620 Mod Crucial 16GB Kit DDR3  
Hard DriveHard DriveCoolingOS
Crucial M4 SSD WD Caviar Black Antec 620 W7 Home 
MonitorKeyboardPowerCase
Asus VH222H Saitek Cyborg Antec BP550 Plus 550W  Dont Ask 
  hide details  
Reply
Me Rig
(15 items)
 
HTPC
(7 items)
 
Phenom
(12 items)
 
CPUMotherboardGraphicsRAM
i7-5820k X99 Extreme4 MSI GTX 1070 SEA HAWK X Corsair Vengeance Series 32GB 
Hard DriveHard DriveOptical DriveCooling
Seagate 1Tb Samsung 840 SSD Sony 22X Dual Format/Double Layer DVD±R/±RW Hydro Series H80i 
OSMonitorPowerCase
Windows 10 Asus VG278H 3D Vision 2  Cooler Master V1000 Corsair Obsidian 450D 
CPUMotherboardGraphicsRAM
i7 920 MSI Pro e x58 4 - Xfx R9 280x Black DD Corsair 1600mhz 12gn 
Hard DriveOSPower
Crucial 128 SSD Windows 8.1 2xCorsair CS750m 
CPUMotherboardGraphicsRAM
i7 2700k Gigabyte Z68MA-D2H-B3 Palit Gtx 480 w/Antec 620 Mod Crucial 16GB Kit DDR3  
Hard DriveHard DriveCoolingOS
Crucial M4 SSD WD Caviar Black Antec 620 W7 Home 
MonitorKeyboardPowerCase
Asus VH222H Saitek Cyborg Antec BP550 Plus 550W  Dont Ask 
  hide details  
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Distributed Computing - General
Overclock.net › Forums › Distributed Computing › Distributed Computing - General › Cryptocurrency Traders Club