I’m in for about 0.25% so not enough to make me rich or poor but I’m enjoying it
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I’m in for about 0.25% so not enough to make me rich or poor but I’m enjoying it
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I see the Venezuelan government is looking to launch a new coin, the Petro.
Venezuelan government with its wonderful track record on finance - what could possibly go wrong?
Cheers,
Neil.
apparently Tron is meant to do well, heard from a friend that is into his cryptos,
Deleted
Last edited by Hewjardon; 23rd February 2018 at 09:21. Reason: Tax
Not far of that to be honest
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Re the ETC/Callisto fork/airdrop I just want to check I get the free shares. I only have a few ETC but may as well get any freebie I can and I read that the airdrop could happen anytime from tomorrow.
I have the ETC in my binance account, so do I need to tranfer these out to MyEtherWallet (or similar) to be entitled to the Callisto airdrop, or can I just leave them sitting in binance.
I've never been involved with a fork or airdrop before so it's new to me.
https://youtu.be/DoqiSGv1WdI
We’re all doomed
The end is nigh
XD
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Jesus told me to buy Bitcoin!
It's just a matter of time...
I think to benefit from a fork you need them in your own wallet, coinbase were holding my ETH but they were effectively in their OWN wallet, whick means they benefit from a fork and is upto them to pass the new tokens to you or not i guess. I recently moved them to MyEtherWallet once I realised the downsides.
Almost the same. I was brave to out 90 quid at some stage, but that was it....still there.
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First dipped my toe in the water early Jan when price had dipped but still high, then again when low in Feb, so at the moment I’m a couple £s up, tiny investment really.
Look at the trend numerous times a day and will make another small purchase when I see it dip some more.
You own the coin so it’s worth whatever the coin is worth when you sell it regardless which wallet or exchange you keep it on
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If it is in your wallet - ie a wallet where YOU control the private keys, then it is truly yours. If you keep it in an online exchange you are at the mercy of the exchange, which may be hacked, may not give you any forked coins (if the coin forks), may restrict access/withdrawal, or may just run off with your coins.
Coinbase is a fairly reputable exchange so the chances of something really bad happening are low, but the risk is there. Moreover, they tend to be very slow to award forked coins, if they do it at all.
I got into bitcoin near the start and had over 1000btc in my wallet at one point which I cashed out for a massive profit for £5k. How I wish I had held on to half.
View all crypto as very long term investments, and if you do decide to cash out don't do all of it as you may live to regret it. As I have.
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Yes. AFAIK it would require moving your initial coins to a second wallet before using the first wallet to claim the forked coins. I trust no online wallets since I was sitting in a pub and received a text confirming my transfer of 1.9 BTC from my online blockchain.info wallet. I immediately contacted customer service but they refused to help me. I still to this day do not know how anybody pulled that off without having server side access.
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In hindsight yes it was. I was well pleased at the time though.
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I think you may have misjudged your audience...
As for crypto, as I said I would, I've stuck it all into Ada and taken advantage of their rather nice wallet to stop me buggering around for a while. I've definitely got at least an order of magnitude more tied up in unjustifiable watches.
Last edited by M4tt; 3rd March 2018 at 21:38.
Should crypto investors be worried by the G20 regulation talk next week and Google's decision to ban all cryptocurrency related advertising?
Everything certainly seems unstable at the moment to me.
Regulation is good. Far too many con-artists creating ICO's or similar to get rich quick themselves. And lots of other terrible ponzi, snake oil type schemes based around crypto. Google and FB just actually doing the right thing for once.
Think it's still a long term good bet.
No they should be reassured. If you're holding legit cryptos they will become the asset of choice...if you've thrown money at random tokens, well, you sort a have it coming.
The advertising ban I also agree with, it will weed out the chancers. Again, good for the overall market medium term.
It’s been a little turbulent but the regulation is very welcome as it strengthens the currency. The banks know it’s coming so best to embrace it. Slight blip then to the moon I predict depending where you got on the rollercoaster. If nothing else it’s been good fun
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Last edited by 100thmonkey; 15th March 2018 at 09:37.
RIAC
There's also been the news of Barclays allowing the direct funding of Coinbase accounts in the UK. That will help as it will also be linked to the faster payments system in due course.
I think it is all good news. Crypto is the future at least for online payments and regulation can only make things safer for consumers.
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I am not sure it really is the future, its far to complicated. How many normal consumers are going to make a revoult account change money into Euros, then linking the account to Coinbase. Buying BTC as a base and then transferring to other platforms to buy other coins. Having a external wallet etc
Its a good investment to make some quick money if it booms again but I cant see the average person doing all that to buy stuff anytime soon.
And therein lies the fundamental issue. There are obviously a number of members here who are super IT literate and can take an educated approach as to how to best minimise the threat of cyber crime. But the masses will not adopt until they feel it is safe, getting a text to say that the "asset" has disappeared is not a palatable risk, regardless of potential rewards. With online banking you not only have regulation, but a provider that generally reimburses online fraud losses. With Apple pay you get a "trusted" provider who you feel has robust systems. Still a long way to go on that in crypto land but good luck to all of you who play.
I don't think it is the future at all, there is no problem with what we have now for online payments including failsafes operated by the big banks which you won't get with crypto.
Crypto IMO has been a great gamble that has paid off for some early adopters although some people late to the party have found they have lost a packet.
It is really like any other investment that relies totally on investor sentiment which is why you will find so many coin owners hyping to the max to get more buyers which in turn increases the value of their investment.
If it ever comes into the mainstream which personally I really doubt, with regulation there would be no more price yo-yoing and thrills so every one would soon lose interest.
Cheers,
Neil.
I was more thinking about the underlying technology rather than the various coins on offer at the moment. Distributed ledger technology really does have the potential to massively improve a whole range of transactions currently undertaken by traditional means.
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I would agree with that, for too long the banks have had it good, fees left right and centre, 5 day cheque clearing, alternative fast fee free transactions will have an appeal, I would guess the banks could respond accordingly though.
It will take a few generations, but Im sure there will be big changes on how we use money in the near future - global 'credits' ?
Cheers..
Jase
explain in simple terms for a simple guy (albeit one who works in a sector where large amounts of money are moved on a daily basis) what "distributed ledger tech" is and how it can improve things
currently I have systems with government backed banks that at zero costs allow me to transfer in minutes sums up to £100k and sums over £100k guaranteed same day for £24
I just don't buy this "underlying tech" "blockchain" stuff. Was badly bitten in the Tech shares boom and bust and it all smells the same to me
I think the whole Blockchain ethos means not needing to have a bank or central government in charge. The trust/backing is due to distributed immutable ledger.
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Sort for being lazy but the article linked below has a few useful insights:
https://www.coindesk.com/information...s-blockchains/
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