Virtual Currency - Alt Coin Discussion Thread - Page 11 - Business, Finances and Investing Forum

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01-23-2014 , 02:12 AM

#251

tokeweed

veteran

Join Date: Sep 2004 Posts: 2,966

Quote:

Originally Posted by farris

check out the perfect symmetrical triangle on the DOGE/BTC chart over the past 24 hours

what does that mean?

Quote

01-23-2014 , 08:04 AM

#252

Aegis Reflector

stranger

Join Date: Apr 2013 Posts: 13

http://www.npr.org/blogs/thetwo-way/...-team-to-sochi

lol

dogecoin at 180+ satoshi atm, was heavily pumped up to 290+ a couple of days ago but things have calmed down since. Some big players have entered the exchanges and things went wild for some time. Pretty fun.

Still 3 weeks or so until block halving, I wonder how it'll affect the currency.

Quote

01-23-2014 , 07:50 PM

#253

spinner2000

centurion

Join Date: Sep 2008 Posts: 156

Mooncoin has been skyrocketing... but I don't see anything major in the news online about what's been going on.

Anyone know what's caused this recent surge in Mooncoin's price?

Quote

01-23-2014 , 08:01 PM

#254

Aegis Reflector

stranger

Join Date: Apr 2013 Posts: 13

Quote:

Originally Posted by spinner2000

Mooncoin has been skyrocketing... but I don't see anything major in the news online about what's been going on.

Anyone know what's caused this recent surge in Mooncoin's price?

It just hit Cryptsy, one of the major altcoin exchanges. I guess people are stocking up hoping to dump it ASAP, the coin doesn't really have any lasting appeal at all.

Quote

01-23-2014 , 08:26 PM

#255

tokeweed

veteran

Join Date: Sep 2004 Posts: 2,966

most altcoins are good just for pump and dumps. if you are willing to play that game, buy mooncoin on strength, thrn dump it as soon as it shows weakness. doesnt matter if it coild have risen higher... just take your profit and be out.

Quote

01-24-2014 , 05:54 PM

#256

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 52,885

Quote:

Originally Posted by Atlantis1

Where would one be able to buy a coin such as Ehtereum right at the time it comes out?

Ethereum looks good and they are based out of Toronto which is where I am. May go to a meetup next week.

Quote

01-25-2014 , 10:45 AM

#257

tokeweed

veteran

Join Date: Sep 2004 Posts: 2,966

Quote:

Originally Posted by TomCollins

I know Vitalik Buterin, who is a really sharp guy, is working on it. Not sure about others.

looks like the ripple forumites fear this project. a couple of people were quick to call etheruem vaporware. that reaction made me more interested in the project.

or maybe the falling price of xrp is making them cranky. haha

watch xrp closely. it might be a good opportunity to get in cheap.

Quote

01-25-2014 , 10:54 AM

#258

tokeweed

veteran

Join Date: Sep 2004 Posts: 2,966

ethereum according to a user named "datz"

"Crowdfounding starts in 7 days meaning the founders begin fundraising and expect the crowd to code the platform. So yes, the protocol is not built or coded yet, thus "vaporware"."

"I agree they could be successful, but at what cost? All they did was look at what is happening in the Ripple community and say, "how can we market this better and convince the world this is us?" This is really a greed proposition - they are taking funding from people who actually made investments of years in these concepts and have built products on them. They are planning on using the crowd to do their dirty work and take profits for doing nothing. This is a morality criticism above all else."

https://ripple.com/forum/viewtopic.p...=5599&start=10

Quote

01-25-2014 , 11:39 AM

#259

Tarkyo

adept

Join Date: Mar 2012 Posts: 849

Anyone mining dogecoin?

Quote

01-25-2014 , 11:43 AM

#260

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 52,885

I don't mine. I only buy. Where's the best place to buy a whole bunch of different alt coins? My current market only has BTC, LTC, PPC.

Quote

01-25-2014 , 12:35 PM

#261

Tarkyo

adept

Join Date: Mar 2012 Posts: 849

Quote:

Originally Posted by housenuts

I don't mine. I only buy. Where's the best place to buy a whole bunch of different alt coins? My current market only has BTC, LTC, PPC.

Do you buy and trade them or do you keep for long term? Was thinking about buying the cheaper coins to trade for some small profit.

Maybe you can try reddit but it could be dangerous.

http://www.reddit.com/r/dogemarket/c...n_251k_paypal/

Quote

01-25-2014 , 12:41 PM

#262

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 52,885

Quote:

Originally Posted by Tarkyo

I just want to buy and trade. Look at graphs, try to find trends, buy low/sell high type thing. Would prefer an exchange where this process can be done quick and easily. Not into trading directly with others via paypal, etc.

I also really know nothing, just want to do it for fun and try to make some coin. (pun intended)

Quote

01-25-2014 , 12:56 PM

#263

Tarkyo

adept

Join Date: Mar 2012 Posts: 849

Quote:

Originally Posted by housenuts

Try these!

https://coinmkt.com/#/

https://www.cryptsy.com/

https://crypto-trade.com/

There are some other small coins.

Quote

01-25-2014 , 04:40 PM

#264

farris

enthusiast

Join Date: Apr 2013 Posts: 83

Quote:

Originally Posted by tokeweed

Yea Eth is taking a lot of **** about wanting to raise $24,000,000 in an IPO.

Are you buying in? The # of coins received from IPO investments is 1.5X rate for the first week and declines with time.

The max market cap (assuming all IPO investments are bought during 1.5X period) directly after IPO will be $36,000,000.

Quote

01-25-2014 , 08:06 PM

#265

Banned4lyfe

Sup-Bah? Pop-Bah Pooh-Bear Permanently Pooh-Bah Billy Walters Jr

Join Date: Feb 2013 Posts: 13,932

Quote

01-25-2014 , 11:29 PM

#266

Bitcoin boom

journeyman

Join Date: Nov 2013 Posts: 361

I'll be buying Ethereum the first day it opens up.

Quote

01-26-2014 , 07:22 AM

#267

sooraw

journeyman

Join Date: Jun 2006 Posts: 318

Quote:

Originally Posted by Bitcoin boom

I'll be buying Ethereum the first day it opens up.

When does it open and how to buy?

Quote

01-26-2014 , 08:38 AM

#268

Bitcoin boom

journeyman

Join Date: Nov 2013 Posts: 361

http://ethereum.org/

Quote

01-26-2014 , 04:42 PM

#269

spinner2000

centurion

Join Date: Sep 2008 Posts: 156

Just skimmed the website, but it looks more for people who want to mine it.

for the people who aren't interested in mining, what sites (like Cryptsy,etc) will allow us to actually purchase Ethereum right when it launches?

EDIT: Just saw that the launch date actually deals with Crowdfunding Ethereum? I'm not sure I understand all this, lol its like 10 new tech concepts merged into 1.

Can someone make sense of the process that starts soon... do we crowdfund Ethereum with BTC and then get back Ethereum once they start trading at a later date?

Last edited by spinner2000; 01-26-2014 at 04:56 PM.

Quote

01-26-2014 , 04:58 PM

#270

Atlantis1

adept

Join Date: Mar 2013 Posts: 1,006

AFAIK later on the coins will be available just like coins now. Seems you will be paying a premium if you enter the crowdfund. So just wait, or donate to crowdfund if you want to pay a premium to help the project.

Quote

01-26-2014 , 05:19 PM

#271

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,064

Quote:

Originally Posted by spinner2000

Yes, that is correct.

Quote

01-26-2014 , 07:08 PM

#272

SmokeyQ123

Carpal \'Tunnel

Join Date: Nov 2007 Posts: 6,583

It says crowdfounding

...?

Quote

01-26-2014 , 09:01 PM

#273

gfk_asbos

old hand

Join Date: Jul 2012 Posts: 1,867

sorry guys, noob questions inc :

1) where I can read some stuff about the different alt currencies?
2) how can I buy or acquire any of those currencies?
3) how/where/ can I trade those currencies for cash?
4) Am I allowed to sell products/service and recieve bitcoins as a payment?
5) Are there products/service sold for those alt currencies?
6) Is my "account" trackable? Does it get taxed?

sorry again and thanx for wasting your time ^^ , people who whould't like to spam the thread more but still would be interested in helping me out could just PM me. thanx in advance, gfk_asbos

Quote

01-27-2014 , 10:07 AM

#274

Chriseddy999

grinder

Join Date: Feb 2011 Posts: 475

Can someone explain what mining these coins is in laymen's terms?

Quote

01-27-2014 , 10:31 AM

#275

Tarkyo

adept

Join Date: Mar 2012 Posts: 849

Quote:

Originally Posted by gfk_asbos

sorry guys, noob questions inc :

1) where I can read some stuff about the different alt currencies?

Quote:

http://coinmarketcap.com/

2) how can I buy or acquire any of those currencies?

Quote:

Mine or use this https://coinmkt.com/#/ to buy

3) how/where/ can I trade those currencies for cash?

Quote:

https://coinmkt.com/#/

4) Am I allowed to sell products/service and recieve bitcoins as a payment?

Quote:

Yes, using their wallet to transfer

5) Are there products/service sold for those alt currencies?

Quote:

Yes, https://coinmkt.com/#/

6) Is my "account" trackable? Does it get taxed?

Quote:

Not sure about this.

sorry again and thanx for wasting your time ^^ , people who whould't like to spam the thread more but still would be interested in helping me out could just PM me. thanx in advance, gfk_asbos

This is what I know.