I’m in the same boat, I just can’t figure out when to buy, it won’t stop growing!
Ive been buying slowly/weekly as a long term investment. I don’t see how this doesn’t keep growing. I just got notification that a fork is coming up…from what i understand it seems like a one for one split into another cryptocurrency.
I bought $30 worth of this like 2 years ago or something, used some of that $30, and still have over $500 worth of bitcoin in my wallet.
I’m amused by the fact that the run-up in bitcoin has created a massive transfer of wealth into the hands of drug dealers, fraud artists, etc. Guess who was holding all the bitcoin at the start as they slowly tried to launder it into hard currency? You have guys selling an 8 ball on the dark web for $200 in BTC and collecting $600-700 out of escrow 10 days later.
that doesnt bother me…lol
i would like to know what the safest bitcoin or crypto process is. have heard people can hack you and take your BTC which would suck.
i know people have posted links but i would prefer an ELI5
My solar system is over generating a bit since it was sized to account for my old ass hot tub that just died and was replaced with a nice new 10x more efficient model so I’ve been debating about picking up an Antminer 9 and letting it mine away 24/7 on the excess production National Grid isn’t going to pay me shit for.
EDIT: Nevermind. I’m not overproducing by enough to power a 1400w S9 24/7/365. That’s over 33 kWh a day.
@JayS Mining is so costly at first from what I’ve read. Also @bing there is something called cold storage which allows you to save your coins on a flash drive where they cannot be hacked. True story, one of my good friends goes to school with a young man who spent 1000$ on BC during it’s inception. Long story short he recently tried to kill himself by jumping out of his bedroom window when his flash drive crashed/corrupted the files.
Also IDC if bitcoin is funding the dark underworld of coked up cannibals. The important thing here is me trying to find a way to buy a Ford GT.
EDIT: Just did the math, he would have killed himself over roughly 50 grand.
Double EDIT: 5 million 
TRIPLE EDIT: Logged into coinbase and rather thank linking my credit card, I linked up my bank account and transferred a 100$ as a test to see what happens. It doesn’t hit for 7 days so. Anyways let’s watch and see! If successful, I’m going to start throwing a couple bucks a month at it. If it truly goes to 150 grand by 2020, I’ll be happy with a cool 50 lol
I’m in on Bitcoin, Litecoin, Ethereum, and awaiting approval to transact ripple.
I bought 1000 in March and am adding a little here and there… astonishing growth but I don’t honestly have a complete understanding of it, as least not enough to comfortably dump a pile of money into it.
I mine, I have BTC, ETH and ZCASH.
Yeah, I only started looking into it because I was in a somewhat unique situation with some “free” electricity with my solar system’s over-production. What I didn’t realized was just how much power a good mining rig like an Antiminer S9 uses. I have some excess power but not enough per month to run that beast.
What kind of returns do you see? I’m looking into mining ltc with something like an s7.
Id like to hear more @Skurge
first off, I would never get into mining to make money, the returns you get will not see a profit for a while, especially if you are dropping a few thousand on a good mining setup. I know a few people that did run dedicated miners like antminers and such, and saw 5-600 a month in returns.
as for ltc, I am just in the process of researching mining of that, just to spread out my coins a bit
its more of a hobby for myself, I only run the miner when i’m not using my computer for other things. I have a gaming rig I built a few months back that has 2 8gb RX470’s that I use to mine ETH that brings in about $60/mo(again just a hobby for me) I am about to purchase another video card that is much cheaper, yet newer and see what kind of returns that can get.
I mine zcash(processor mining) on a few i7’s and i5’s I had laying around, returns on this are minimal. I convert most of this to BTC to just hold on to
any questions feel free to ask, i haven’t been doing this that long but I know the basics at least
Thanks for the info!
I’m ready to give @Skurge a fee and 5 grand to build me a rig LoL
that amazon crypto news today…
BTC at 7K right now!
in reality, I have not built a dedicated rig, no doubt I could as i’ve been building pc’s and working in the field for many many moons. I know what is needed, just haven’t done it
my “rig” is actually just an 8-core gaming rig that i happened to buy two really nice cards for(overkill for sure) that work amazingly well for mining ETH(top 5 card for it) so it works decently well for me!
the issue right now is, video cards. all of the models that are good for mining ETH and the like, have all skyrocketed in price, my 2 RX470’s are almost 100$ more a piece than when i bought them over 6 months ago(actually exactly 100$ more, and that is for a refurb)
Rigging equipment has gone through the roof that is true.
So what are you guys gonna do with this upcoming fork, bail a day beforehand (they’re freezing all assets 24 hours prior for BTC) or HODL?? I’d like to be long term thinking 2020-22. Being a millionaire would be great, but at this point it may be too hard to do with Bitcoin alone. If I made a cool 50 over the next couple years I’d be happy.
I will not be getting out, i’ll be hanging on and getting my free bitcoin lol