Anybody into cryptocurrency?

Zob Ahan

Moderator
Staff member
Feb 4, 2005
16,042
412
#1
Bitcoin pushing $13,000. I bought some but very little $2000 in 3 coins (Ethereum & Bitcoin & Litecoin) each. Kicking myself for not buying more. I don't know too much about them but rode the wave a few months ago. Anybody in?
 

TeamMeli

Legionnaire
Feb 5, 2014
7,265
26
Las Vegas, NV
#3
If I had the money at the time I would have invested in BT. I actually talked to my dad about it saying to him it would be a good idea to invest like $5,000-10,000 but he thought it was going to be just a passing phase. Good for you investing, when you invested the $2,000 what was it at? Even with $2,000 you probably made a nice return on investment, well done man. I think BT or Crypto Currency is here to stay. Unfortunately, it can be used for illegal means, such as purchasing drugs, through the dark web. It is interesting, it seems like this is the wave of the future we are becoming a paperless society.
 

Zob Ahan

Moderator
Staff member
Feb 4, 2005
16,042
412
#5
Briefly hit 16000 today!
I cant believe i didnt get more when it was 5K :(

btw, look into ETH as well, it has picked up momentum.

where do you trade?
BTC hit $17193 today.
Ethereum is down or flat while BTC is skyrocketing.
Coinbase and Bittrex for Altcoins.
 

Bache Tehroon

Moderator
Staff member
Oct 16, 2002
38,058
569
DarvAze DoolAb
www.iransportspress.com
#6
I'm a miner. I buy hashing power instead of the coins. Huge gamble that has paid off well so far and will hopefully pay a lot more. Will hopefully be a good 2018

Kicking myself a lot for not investing in this thing sooner. Back in 2013 I was very serious about dumping some money into it and didn't. My only excuse is laziness.

There's probably going to be a small or medium size crash but blockchain as a technology is hard to beat and is here to stay.
 

Zob Ahan

Moderator
Staff member
Feb 4, 2005
16,042
412
#7
I'm a miner. I buy hashing power instead of the coins. Huge gamble that has paid off well so far and will hopefully pay a lot more. Will hopefully be a good 2018

Kicking myself a lot for not investing in this thing sooner. Back in 2013 I was very serious about dumping some money into it and didn't. My only excuse is laziness.

There's probably going to be a small or medium size crash but blockchain as a technology is hard to beat and is here to stay.
Can you tell us a bit about that end of it. Like how much time you spend and what the rewards are and what kind of software you need?
BTW today Litecoin is up big. Almost 40%.
 

Bache Tehroon

Moderator
Staff member
Oct 16, 2002
38,058
569
DarvAze DoolAb
www.iransportspress.com
#9
Can you tell us a bit about that end of it. Like how much time you spend and what the rewards are and what kind of software you need?
BTW today Litecoin is up big. Almost 40%.
Mining as an individual is a fool's game. you will barely break even with power-costs and the equipment needed is extremely noisy (lots of fans). There's also the ever rising "Difficulty" (an actual mining factor) as Bitcoin or any other currency becomes more rare. That means your mining equipment is soon going to be incapable of producing enough coins to make up for the costs.

One way to get around it all is to use cloud mining. This way, a company (or a bunch of thieves!) claim to hold a server-room (sometimes huge ones) where your share of computing power (hashing power) is reserved and is rewarded based on the ongoing "Difficulty" rate. It's really a gamble as they can simply take your money and run away, but so far the ponzi has paid some people very handsomely.
 

Pooya

Administrator, Technical Team Director
Staff member
Sep 23, 2004
33,860
843
Vancouver, Canada
www.IranSportsPress.com
#11
I almost double my money on Litecoin ...
BT: I dont get cloud mining, IF you have all that computing power, why the FUCK are you selling it? why not mine yourself ?

right now the biggest issue is BUYING bitcoin, almost ALL sites are maxed on to capacity !!!
 

Bache Tehroon

Moderator
Staff member
Oct 16, 2002
38,058
569
DarvAze DoolAb
www.iransportspress.com
#12
BT: I dont get cloud mining, IF you have all that computing power, why the FUCK are you selling it? why not mine yourself ?

Mining is not a guaranteed way of making profit. Selling "mining contracts" is!

In reality, you're giving them money to expand their infrastructure and add hashing power in the future. You're buying a share of what they have today, so they can invest and buy more.

They make money via the maintenance fees and of course, they have insane amounts of hashing power themselves. It's a win-win for them, but can also be rewarding for their subscribers.
 
May 9, 2004
14,809
103
#19
من وقتی بیتکوین تقریبا 470 دولار بود خریدم بعد مصرفش کردم
بجز یه قسمت خیلی کم که اون زمان فکر کنم 4 یا 5 دلار بود الان 106 دلار و 64 سنته
وقتی که قیمتش شد 3 هزار دلار دیگه ریسک نکردم بخرم
الان هم میشنونم که حتی ممکنه به یک ملیون دلار برسه ولی چنین ریسکی خیلی خظرناکه که ادم مبلغ زیادی رو صرف بیتکوین و بقیه این
جور چیزها بکنه چون ممکنه امریکا دخالت کنه و قیمتش یکدفعه مثل یک بالون که سوزن توش میزنن بترکه از بین بره
چون ای بتکوین اگر اینطور پیش بره ضرر زیادی به دلار خواهد زد
روسها الان دارن روی این کار میکنند و این رفتن قیمت بالایکی از مسبب هاش روسیه و چین هستند
الان تو امارات برخی از املاک رو با بتکوین معامله میکنند
الان تقریبا فکر کنم 16 ملیون بیتکوین وجود داره و که سرحد ان 21 ملیون بیتکوین هست
از این 16 ملیون حداقل 70 تا 80 درصد ان فقط و فقط خرید برای سرمایه گذاری است که این خودش یک خطر بزرگ برای بیتکوین بوجود خواهد اورد
یعنی چیزی در مقابل ان نمیتوانید بخرید
یعنی وقتی بازار به حد 21 ملیون بیتکوین رسید وانوقت عرضه ای برای معامله بیتکوین در انترنت نبود خود به خود قیمت ان سقوط خواهد کرد
به شکل ساده تر
اگر مثلا شما تمام 16 ملیون بیتکوین جهان را داشته باشید و بخواهید در مقابل ان جنسی یا خدماتی دریافت کنید وجود ندارد !!!ا
یعنی بیتکون هایتان بدون مصرف است
البته ممکن است بعدها خدمات و داد و ستدهای بیتکوین بیشتر شود ولی من فکر میکنم هممانطور که گفتم امریکا دخالت کند
چون در اینده دلار را به خطر خواهد انداخت
و ملیونها نفر که خریده اند پولهایشان ممکن دود بشه و بره هوا
من نصیحت میکنم اگر میخواهید بخرید یک مبلغی نباشه که ریسکش بالا باشه