Cryptocurrencies

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  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    https://youtu.be/k0HmrSfJwhU
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    https://news.bitcoin.com/well-known-investors-betting-big-bitcoin/
  • Shawshank
    Shawshank Posts: 1,018
    I have no idea how Bitcoin works, and have never used it.  I do know that in one of my businesses I have had customers panicked and contacting us to try and recover their Bitcoin wallets, keys, dat files or whatever else related to their digital currency from their hard drive after it failed. 
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Oofh.  There was a guy in NY that threw his away and tried to get it back from the city landfill and the city said nope, our property now.

    At one point I thought it was $7.2m worth.
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    I use a Ledger Nano S wallet.
  • Shawshank
    Shawshank Posts: 1,018
    Yeah, we've recovered a few that have been well over $100k...one was over a million I know for sure.  We charge a lot for the service, but it's definitely worth it to them.
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Bitcoin price the day I started this thread (4-9-17) was $1202.

    Today it is $1824.



  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 50,668
    I didn't realize that bitcoins could be lost the same way you can lose a wallet. Wow. That made me look up storage methods for the currency. The wiki page seems informative enough: https://en.bitcoin.it/wiki/Ways_to_store_Bitcoins

    I actually assumed this part of it was MUCH simpler.
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    No, it isn't unfortunately.  Bitcoin can be stored easily enough offline, but some of the alt-coins are not.  

    Everyone in the community stresses not storing anything on an exchange.  The concept is the same as a bank, if the bank is holding your money it really isn't yours.  They control it.

    I keep some on an exchange, the rest are on secured wallets.  My bitcoin, ethereum, and litecoin are on a hard wallet.
  • Cliffy6745
    Cliffy6745 Posts: 34,026
    I tried to figure this out after my debit card started declining my gambling account.  Looked into it for about 10 minutes, got confused and took a nap.  Oh well.
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Most people that are just starting open a coinbase acct.  It is pretty straightforward and easy to learn on.
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Update:

    So when I started this thread Bitcoin was worth about $1200 each and had a market cap of $19B.  Today bitcoin is worth $8200 each with a market cap of $136B.

    Ethereum had a market cap of $4B and today is $38B and went from about $35 each to $400 today.

    The total market cap is currently $250B up from around $30B.
  • HughFreakingDillon
    HughFreakingDillon Winnipeg Posts: 39,473
    wow, I thought I had heard bitcoin was on the decline. I guess not. 
    By The Time They Figure Out What Went Wrong, We'll Be Sitting On A Beach, Earning Twenty Percent.




  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    There were a couple of hard forks that have battled for the title but none have beat it so far.
  • buck502000
    buck502000 Birthplace of GIBSON guitar Posts: 8,951
    Anyone trade on Bittrex or any any other ALT-coin exchange?  I have a handful of different currencies.  I also have some of the old faithful Bitcoin.  What about you guys/gals?
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    I am on bittrex, etherdelta, coinexchange, cryptopia, binance, and finally coinbase.
  • buck502000
    buck502000 Birthplace of GIBSON guitar Posts: 8,951
    edited December 2017
    Any hot picks? Or favorite altcoins?
    Post edited by buck502000 on
  • my2hands
    my2hands Posts: 17,117
    https://www.bloomberg.com/news/articles/2017-12-21/crypto-craze-sees-long-island-iced-tea-rename-as-long-blockchain

    We have reached full blown blockchain mania lol
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    I saw that, hysterical.
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    buck502000 said:
    Any hot picks? Or favorite altcoins?
    Yeah, I have my favorites, but I can't call them hot tips because I am not a financial advisor.  I can share what I am currently holding though.  Let me get home to my laptop.

    I do favor privacy coins and erc20 tokens.

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