Cryptocurrency

[scooterscot]

Probably easier to just buy some on bittrex, tho

Jaaaaaaa -

[psychocandy]

If I was using my pension, I'd probably take out the profit, leaving whatever you were origininaly willing to risk. Then rinse and repeat.

I've been playing with day trading as I don't have much to put in to be worth buying and holding. Started with about £160, small profit and a few losses on some trades, so about even. Until yesterday when I made a huge gain on ripple, leaving me about £30 up overall. So up about 20% up after 1 week. Would be great to keep that up each week.

Yeh that idea did cross my mind. Its only a small part of my pension though.

But I like the idea that initial investment is covered and I can't lose now.

Trouble is if it doubles and you sell half then you're going to be gutted if it then qudruples!

[psychocandy]

I said I'd report on my experience with Genesis mining. Well, I haven't had my first payout yet as there's a 30 day waiting period on credit card orders, however the coins are appearing in my virtual account.

I made an initial purchase of 0.7 TH/s open-ended for USD105, then when that appeared to be working a further 7.5 TH/s at USD 1050. Total investment around 887 GBP

Genesis enables you to allocate your hashpower to a variety of different cryptos and for no good reason I split mine 50/50 Bitcoin and Litecoin.

How am I doing? There's a few days lag in reporting, however as of end of play on Tuesday I had mined
0.84537235 Litecoin, and 0.01264383 Bitcoin, over 22 days. A back of the envelope calculation estimates these to be worth just under 80 GBP.

So my 'investment' is making around £3.60/day, an APR of around 140%. Payback in around 240 days.

Of course, this rate will drop over time as difficulties increase, and these coins are sitting in the Genesis account, not my wallet yet - there are some slightly worrying posts on their website and Facebook page about 'payout difficulties' - however so far I'm tentatively calling the experiment a success. The more hashpower you buy, the cheaper it gets, so I may scale up....

Probably easier to just buy some on bittrex, tho

£800!!! I spent $30.

Coming up three months reckon Im due for payout of eth soon. Be about $20 worth I think.

[saptastic]

Whopper

Burger King launches WhopperCoin crypto-cash in Russia - BBC News

BK launches Cryptocurrency.

[scooterscot]

Scooter's top tips for the weekend... (take responsibility - not advice - nonetheless hours and hours have gone these recommendations)

Numeraire - it'll explode this weekend - and in the next 10-days I reckon you'll double your money.

PIVX - you'll not loose, certainly a 1/3 to be gained in the next 48 to 72 hours.

Zcash - you'll not loose, maybe a 1/4 gain.

Stellar Lumens - you'll really not loose here. By the end of September I'd not be surprised if I had a 500% gain.

[VirtualMonkey]

Could you remind me what platform you use to buy and sell the coins for, please.
Someone I know recommended cryptomate but that seems to be pounds for euros

[scooterscot]

https://bittrex.com

[_V_]

https://bittrex.com

https://digiconomist.net/fraud-risk-assessment-bittrex

[FrontEnder]

Scooter's top tips for the weekend... (take responsibility - not advice - nonetheless hours and hours have gone these recommendations)

Numeraire - it'll explode this weekend - and in the next 10-days I reckon you'll double your money.

PIVX - you'll not loose, certainly a 1/3 to be gained in the next 48 to 72 hours.

Zcash - you'll not loose, maybe a 1/4 gain.

Stellar Lumens - you'll really not loose here. By the end of September I'd not be surprised if I had a 500% gain.

What has led you to make these predictions?

[Platypus]

This is an interesting conversation. I think I missed the Bitcoin bubble. I looked a couple of years ago but got cold feet. Wish I'd jumped in then :-/