Cryptocurrency mega-thread

Remove this Banner Ad

tigers47 said:
No
no more dunny diving if that happens
Click to expand...

NSFW

New-year-new-me---funny-news-story.jpg
 
Last edited:
Golden_6 said:
I own about $1000 worth of Ripple and Litecoin each and have $500 ready to buy some more once BTC Markets. As there isn’t much variety, what should I buy with the $500?
Click to expand...
After signing up to BTCmarkets, i joined Binance and Poloniex for more alt coin variety. Want to get on 1 or 2 more exchanges in the new year for a couple of reasons: 1) More access to alts, 2) Not all eggs in 1 basket if an exchange gets hacked.
Just be wary that you'll get slugged twice - fees for transfer, and less than ideal exchange rate for converting AU to US.
 
Last edited:

Log in to remove this ad.

Mercurial89 said:
I had been using coinspot since July this year just because of the ease of use. I justified the high costs with the simplicity of it all.
Well with the coinspot drama and people struggling to get money into the crypto market i branched out and started looking around.

Im now signed up with binance, cryptopia, coinspot, btc markets and Kucoin. Its easy for me because i already had money in crypto but for those that are looking at getting access to projects earlier i found kucoin and binance the best. Id highly reccomend those that are struggling with coinspot deposits and verifications to do research and look elsewhere, even for your own learning. Im really happy this whole thing happened to be honest because i realize now how silly i was being doing what i was doing.

Ive always been a long time holder, ive held Dash from back when it was darkcoin, which is how i made the majority of my money. Recently ive picked up a few coins as speculative short term stuff, REQ, Ember, SUB and Bounty to name a few.

Bounty is one that Ive really liked that has gone on a tear lately.
https://bounty0x.io/whitepaper.pdf
for some more info on the project. Appears to be Reddits new darling coin after Req.

Also Kucoin have their own token to save on fees and with other benefits, similar to binance and are a rapidly gaining users and publicity. My referral link is below if people are interested in signing up. No verification process.
https://www.kucoin.com/#/?r=1dhMb
Click to expand...
You cant deposit fiat directly into Binance which is the issue. You still need to use a different exchange to deposit fiat and then transfer into Binance.
 
Whats everybodies thoughts on Bitcoin as a store of value?

Ive seen multiple people talk about this as the reason of Bitcoin rising or at least holding its current value, similar to gold and its rarity being a good store of value. But in my mind gold has physical properties that are real. It can always be used for a practical purpose, and it doesnt really have a rival because every element on the periodic table is different. Gold will continue to rise slowly in value over time for its physical capacity.

Whereas Bitcoin is a cryptocurrency with no physical property, so it needs to provide a service. But if this service is already slowing down, charging greater fees than rival coins, does it really matter if Bitcoin is rare? Blockbuster stores are rare as hens teeth these days but that alone doesnt make it a good investment option because it has been superceded by Netlfix etc that provide a better and cheaper service.
 
WeetBixKid said:
Where are you getting this? I can't be arsed pulling up the tax code, but from memory it was pretty clear that you only pay tax once you convert to fiat
Click to expand...

A Crypto Accountant in Perth... Also Nuggets news will confirm it...

As i stated before, the USA just fixed their loophole of it...

We already had it but we didn't have the focus on the exchanges we are about to receive either...
 
tigertigertiger said:
Anyone in possession of a Monaco card yet? Seems to have some perks, gets you free access to airport lounges, over 900 of them, Monaco coin credits as well when you use the card. more benefits will be announced over the next couple weeks on Monaco card twitter
Click to expand...

I’ve applied for one. Just trying to get higher in the list but no one is using my referral link lol.


Sent from my iPhone using Tapatalk
 
the PILL said:
QSP Quantstamp...

TRX Tron...

EMC2...Eisensteinium

Now on Coinspot... :)
Click to expand...

Beat me to it. I have TRX on Binance, would prefer it on CoinSpot as I prefer trading against USD/AUD. Just can’t send TRX tokens into CoinSpot unfortunately. Been wanting to get into QSP for a while now.


Sent from my iPhone using Tapatalk
 
Seems the common ones around here are ADA/XPR/VERGE

so many options!

What are you guys holding long term? Three I'm liking are ICX, IOTA (high risk/high reward) and EOS.

Thinking about getting on XLM at .32c AUD today.
 
Golden_6 said:
I own about $1000 worth of Ripple and Litecoin each and have $500 ready to buy some more once BTC Markets. As there isn’t much variety, what should I buy with the $500?
Click to expand...
If you're shopping on BTC markets just get more of the same. Maybe dabble in some Eth
 

(Log in to remove this ad.)

AjsGuns said:
Seems the common ones around here are ADA/XPR/VERGE

so many options!

What are you guys holding long term? Three I'm liking are ICX, IOTA (high risk/high reward) and EOS.

Thinking about getting on XLM at .32c AUD today.
Click to expand...

MCO and I want to get into Ethos.


Sent from my iPhone using Tapatalk
 
YippeeYiYeo said:
Whats everybodies thoughts on Bitcoin as a store of value?

Ive seen multiple people talk about this as the reason of Bitcoin rising or at least holding its current value, similar to gold and its rarity being a good store of value. But in my mind gold has physical properties that are real. It can always be used for a practical purpose, and it doesnt really have a rival because every element on the periodic table is different. Gold will continue to rise slowly in value over time for its physical capacity.

Whereas Bitcoin is a cryptocurrency with no physical property, so it needs to provide a service. But if this service is already slowing down, charging greater fees than rival coins, does it really matter if Bitcoin is rare? Blockbuster stores are rare as hens teeth these days but that alone doesnt make it a good investment option because it has been superceded by Netlfix etc that provide a better and cheaper service.
Click to expand...
To me it doesn’t make sense. As you said gold has physical properties and real world uses that give it intrinsic value. If the world goes to shit and society collapses then while things like food, water, shelter, livestock, weapons, etc will have greater value (due to their necessity for survival) than gold it is still something that exists in the physical world and will remain scarce regardless. Though if the world goes to shit that badly then we’ve bigger issues than this to worry about.

I guess you could also ask the question: why do cryptocurrencies require a “crypto-gold” equivalent? I’m no expert in economics or finance, but my understanding of why gold came to be involved as currency is because of its inherent value allowed (as an example) the farmer to trade with the tailor for new clothes even if the tailor wasn’t interested in any of the farmers stock. And eventually modern paper currencies were invented so people didn’t need to carry heavy gold around.

If you buy shares in gold (which I’m sure many here have) then you don’t have possession of that resource. On paper you own a share of it and the finanical system we live with dictates that you do. But I doubt it’s possible for people to walk into the bank and exchange their shares and cash for gold bars. (If someone who owns gold shares could test that out I’d love to know). There’s essentially already a ledger that holds the percentage of gold each entity “owns”.

Gold’s purpose in today’s financial system (as I understand it) is as a point of reference for all the gloabal fiat currencies. Why can’t it remain just that for cryptocurrencies too? Why would BTC be better? Its scarcity is only by design and could theoretically be changed if enough miners wanted it to (hello China!). Because it’s decentralized? Well sure, but pretty much all cryptos are. Why not use another coin? There are other coins that are better versions of BTC and if there weren’t they could be created.

And finally, everyone gets excited about the value of BTC but only ever in terms of it relative to fiat currencies. “Wowee! Look at BTC, it’s cracked AU$20,000!!”. Fiat currencies that are anchored by the value of gold.

But like I said, I’m no expert in economics or finance. I’m just an engineer trying to make logical sense of it.
 
If anyone is selling i have $500-$600 in Paypal. PM me. Ether, litecoin, ripple or any nice alt coin. Im sick to death of waiting for verification and im about to head back to the mines for a month. Hit me up.
 
Gene Simmons said:
If the rumor is true, it will explode after Jan 8th announcement that it will be added to coinbase... Apparently Litecoin went from $10 to $40 overnight when it got added to coinbase...
Click to expand...

Just cracked $2. Wasnt supposed to hit $1 until 2018.

Think you may be onto something...
 
YippeeYiYeo said:
Whats everybodies thoughts on Bitcoin as a store of value?
Click to expand...

To put it simply why is Bitcoin THE store of value when you could use ETH, XRP, LTC, BTC, SIA or any other coin for exactly the same purpose?

The only purpose BTC serves is that it's the first coin purchased before being swapped for altcoins. Beyond that it's got no functional value that isn't being done drastically better elsewhere.
 

Remove this Banner Ad

Cryptocurrency mega-thread

Remove this Banner Ad

Back
Top