Quote from: matt5cott on May 11, 2017, 22:59:58 PM

Quote from: Walrusbonzo on May 11, 2017, 10:48:22 AM
What alts are you hodling? 

Long term small hedges in 15 alts, stuff like DASH, ETC (I don't like ETH for "bailing out") STRAT, SYS, then stuff like MAID/STORJ etc...

As I said, it's just a hedge, generally as I'm sure you know the alts/BTC tend to see-saw, though alts have certainly exploded recently.

Any alts you're particularly fond of?

I used to trade alts in 2014 and 2015, but rarely so now, if I do it's bigger ones like ETH, LTC or XRP.

I turned to mainly bitcoin trading about a year ago, that brings in far more consistent money. I also mine ETH, I've got my main PC and 3 mining rigs, 21 RX480s in total. That brings in a bit too

Will we see $2,000 in the next few days? It's looking touch and go, a lot of people seem to think we'll definitely see $2k very soon.

Quote from: Walrusbonzo on May 14, 2017, 05:50:37 AMI also mine ETH, I've got my main PC and 3 mining rigs, 21 RX480s in total. That brings in a bit too

I thought mining was dead now?   not enough return in it ?

Mining ETH is very profitable right now and has been for a good year. Bringing me in £30~ a day currently, after electricity costs. Last month daily profit was as high as £50.

The other big positive is I didn't need the heating on all winter 

Just want to say that i read this thread with great interest.

Not trading but fascinated by the crypto markets.

Thanks for all your posts!

Bitcoin trading over $2100 now.

Ethereum over $160, which is great for mining profits.

Ive got a few questions that I cant quite get my head around, if you dont mind?

Can you buy less than 1 bitcoin?

Can you go short bitcoins are you just buying and holding actual coins?

I thought there was a fixed number of bitcoins? How does mining work in relation to this?

Are the competing currencies the same thing just with different names?

Whats the driver for meteoric rise of crypto values?


Thanks!

Quote from: addictweb on May 22, 2017, 14:59:20 PM
Can you buy less than 1 bitcoin?

Yes, it's very divisible, https://bittylicious.com/ is good if you want to chuck a few quid in.

Quote from: addictweb on May 22, 2017, 14:59:20 PM
Can you go short bitcoins are you just buying and holding actual coins?

Yes, you can go short via exchanges. just google it

Quote from: addictweb on May 22, 2017, 14:59:20 PM
I thought there was a fixed number of bitcoins? How does mining work in relation to this?

Yes, the block reward for the successful mining was 50, then 25, then 12.5 see here http://www.bitcoinblockhalf.com/

Quote from: addictweb on May 22, 2017, 14:59:20 PM
Are the competing currencies the same thing just with different names?

Some are just knock offs, generally to do well they have to add value somehow, ethereum and others allow smart contracts to be build and are quite different.

Quote from: addictweb on May 22, 2017, 14:59:20 PM
Whats the driver for meteoric rise of crypto values?

Escape from fiat currency via capital flight, increasing confidence, user adoption, business adoption, Japan recognizing bitcoin as a legal method of payment, coins being taken off the market for sale, people buying to speculate, high profile individuals declaring positions, likely more reasons but everyone thinks differently.

Quote from: addictweb on May 22, 2017, 14:59:20 PM
Ive got a few questions that I cant quite get my head around, if you dont mind?

Can you buy less than 1 bitcoin?

Thanks!

Personally, I'd use www.coinbase.com or https://cex.io/r/0/Walrusbonzo/0/ for quick CC transactions. Or if you want to do a bigger purchase and are happy to do a international bank transfer then use https://cex.io/r/0/Walrusbonzo/0/ or www.coinfloor.co.uk

BTW, big bucks can be made by transferring money to Coinfloor, buying BTC and then selling on Cex.io. I'm literally making hundreds every day doing this, even after all the transfer fees. There is often a £100 price difference between the two exchanges! Cex.io also provides a very cheap way of getting money back to your account. For a flat fee of £2.90 you can do a credit/debit card transfer upto £1500. Please do not share this arb opportunity!!!!

Quote from: Walrusbonzo on May 23, 2017, 06:31:29 AM
I'm literally making hundreds every day doing this, even after all the transfer fees.

Really?

Affialited links aside and not that I think you're embellishing or anything, but let me know when you moor your yacht!

might give ETH a go
I ahve a 280X GPU in a machine sitting around doing nothing.
Ive maybe only powered it up 5 times in the last 2 years!

Thanks both for the info, I need to get it all setup.

I'm looking at Ethereum for a buy and hold investment. Really like the concept of it, need to do some more reading about the devs and liklihood they can deliver on their plans.

Quote from: addictweb on May 23, 2017, 13:49:08 PM
Thanks both for the info, I need to get it all setup.

I'm looking at Ethereum for a buy and hold investment. Really like the concept of it, need to do some more reading about the devs and liklihood they can deliver on their plans.

Check out Ethereum classic also.

Quote from: Clock'd 0Ne on May 23, 2017, 09:09:06 AM

Quote from: Walrusbonzo on May 23, 2017, 06:31:29 AM
I'm literally making hundreds every day doing this, even after all the transfer fees.

Really?

Affialited links aside and not that I think you're embellishing or anything, but let me know when you moor your yacht!

Yes, really! It doesn't take much to open up the two linked sites and verify that there really is a £50~£100 price difference per bitcoin. In fact, right now, on coinfloor you can buy BTC for £1738, but I'm currently selling BTC at £1933 on cex.io. Seeing as I sent £6k to coinfloor this morning i'm already up over £400 for the day. No yachts, just a Porsche Cayman S, or maybe a Nissan GTR 

Quote from: addictweb on May 23, 2017, 13:49:08 PM
Thanks both for the info, I need to get it all setup.

I'm looking at Ethereum for a buy and hold investment. Really like the concept of it, need to do some more reading about the devs and liklihood they can deliver on their plans.

I'd be very reluctant to invest in Ethereum at these hyperinflated prices. Wait until the bubble bursts and it drops back to sub $50 at the very least. Or if you insist on buying, do some proper TA and be prepared to sell.

Watch the bank doesn't pull the plug on you, only real "risk" really by the sounds of it.