Official CryptoCurrency Thread (Bitcoin, Litecoin, Ethereum & More)
- Thread starter irishfury
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Amazon will accept whatever currency will net them a gain.
eBay is different, they have a player in PayPal which Cryptocoins are basically against...they clearly won't accept them at the moment.
Where did you pull this graph from on that website?let me start by posting this
At this point, all other cryptocoins are, frankly, irrelevant. There is no competition, at least not yet. None of the coins on this chart offer any significant advantages over Bitcoin. None of them standout on a technical basis.
How is it a better move to diversify? This is not the stock markets. There is no safer cryptocurrency play than Bitcoin. Diversifying is used to lower the risk output. Every other coin on the market is MUCH more of a risk than Bitcoin. They are litteraly gambles. Coins mostly created and promoted by people who feel they have missed the opportunity to profit from the Bitcoin "bubble". Don't get me wrong, some are actually trying to innovate, but most come up short.
The average cost of my Bitcoins are around 800$ right now. Obviously the profit gain from bitcoin interest me. But aside from that, I am into it because of its revolutionary potential. I believe cryptocurrencies will change the world. Bitcoin's network and the infrastructure around it is not negligible. Like any technology, the network effect carrying it is massively important. This is why Bitcoin has the most potential. And if you believe that potential, you are totally wrong to think it is not worth it for people just starting out. You are still an early adopter. It's totally wrong to say Bitcoin is more risky than the other cryptocurrencies
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Does anyone mine coins here? About to get into the mining business. Would love some advice on how to proceed.
fees:
eBay is a bank. Rather, it's essentially a bank through owning PayPal. PayPal is considered a bank here and in many countries and "has to comply" with banking laws. eBay/PayPal makes billions of dollars a day in fees.. crypto currency means no fees. totally against their interest considering the hundreds of millions they make in fees through PayPal and other websites other than eBay.
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heisenburrr
Have Fun Staying Poor
don't ! there is a reason why the prices are so low. people are unable to withdraw their fiat & BTC from there.
if you cop bitcoins from MtGox. They're in limbo and you can't do shyt with them
Mining is expensive, not sure you'll be able to make some money doing it but @heisenburrr and @illadope know better than me. It's way harder now than what it was a year ago for example. You better of buying BTC and letting them work.
there isn't any money in bitcoin mining, that gravy train is been gone infact you'd lose money. From what I've read it'll take something like 10-15 years to hash enough BTC to break even. There might be money in mining the other crypto-currencies.
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That's what I'm talking about breh..
Tons of miners hash other smaller currencies for sale or trade. They're doing allright, I know a few.
heisenburrr
Have Fun Staying Poor
Yea. I might try and get into that in a few months down the road
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That's the plan breh. Thinking of copping about 8-10 mines. Will mine the alternate cryto-currencies. They literally have hundreds of them trading on the exchanges.
Best route to take, even a joke crypto such as DOGE coin is better to mine than to even bother with mining bitcoin right now.
