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Bitcoin / Cryptocurrency
- Thread starter Defilade
- Start date
minepi.com
Interesting for sure..
No such thing as a bitcoin shortage. It has a hard cap on the maximum number that will ever be produced and this number is a known value, specifically 21 million.
In regards to your OP, yeah, I know a lot about crypto in general. Not so much buying, just selling, but they use the same marketplaces. I was a BTC OG back in 2011 mining ~1 BTC a day on a few racks of milk cartons filled with 5830s/5850s. Never thought a few milk crate PCs would have done what it did for me.
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spat
.950 JDJ
If you have actual possession of the coin you can transfer it free. It just takes a long time for the global block chain to acknowledge the transfer.
I have a bunch with coinbase and some physically on my phone (with a backup wallet on my google drive).
I'd suggest storing your coins in your wallet.dat files only. Don't store them on third party services. Also, pre-encrypt your wallet files with a good key before storing them on a backup like google drive. What happens if someone gets into your google account (and thus google drive) and downloads your wallet file? If it's encrypted it you are almost certainly going to keep your crypto. If not then bets are off. Having your unencrypted wallet file is the same thing as them having your actual wallet in their hands.
Also, even if you transfer the coin using a bt client there are typically network fees. Yeah you can do it free I guess, but it's going to take a long long long time to transfer since miners are incentivized to prioritize sends with a fee attached.
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spat
.950 JDJ
Depends on how much money you have in the wallet how much security makes sense.
Also, probably more bitcoins have been lost to people who were overly cautious and lost their keys than to the sort of hacking you are describing.
I bet the guy with $50 mil in bitcoin he only had on one hard drive that ended up in a landfill wishes he'd put a copy on some cloud server too.
BerettaGuy
.308 Win
AsBTC gains more acceptance and adoption, I am counting the hours until the Guberment steps in to get their share. After all, they are here to help.
They already do. You pay the progressive tax rate bucket you fall into -or- cap. gains. It primarily depends on how long you have held the crypto.
BerettaGuy
.308 Win
Not if I don't sell it. But now they are talking about a wealth tax and new Cap Gains Rate. I don't know if they can change the rules mid year or will it have to go in 2022. If it does, I will be selling a lot of gains. Trump and Buffet may pay themselves a dollar in salary, That is what the typical Democrat and low information voters don't understand. Income vs Wealth. I have worked without interruption since 4 days after graduating high school. I had ups and downs but was able to save 20% of my income for the last 25 years of working. Now all of those savings were taxed. Now, they want to tax it again so they can have population control via abortion, gender studies, and transvestites recruiting in pre-schools. Come on Man! Didn't King George try to do the same thing?
BerettaGuy
.308 Win
I bought my first Crypto Domain today!
. https://unstoppabledomains.com/domains
If you are interested here is a pretty girl to explain it.
. https://unstoppabledomains.com/domains
If you are interested here is a pretty girl to explain it.
Doc8404
.450/400 Nitro Ex
Hmmmmm.
$2k invested in Doge.
now nearly $4k valued.
sell or hold. That’s the question.
$2k invested in Doge.
now nearly $4k valued.
sell or hold. That’s the question.
ManrisFrack
6.5 Creedmoor
Exchange some into BTC.
Doc8404
.450/400 Nitro Ex
6k now
Doc8404
.450/400 Nitro Ex
I almost bought ETC a few weeks ago.
BerettaGuy
.308 Win
Congratulations. There is nothing wrong with putting in a Stop Limit Order at a level of you choosing.
Let say you put a Stop Limit on 3k If suddenly it falls to 3k you order triggers and you now have 3k in the bank. If it risied to 5 ka you cancell the order and put in a new one at 4k. and so on.
I never got into Doge, wishing i did.
Doc8404
.450/400 Nitro Ex
I may do that to sell $1,500 worth. That way anything else is a gain. No losses.
damn short term capital gains tax though.
damn short term capital gains tax though.
Doc8404
.450/400 Nitro Ex
608% gain if I sold LOL.
I’m holding on so I can buy us a village down south.
I’m holding on so I can buy us a village down south.
holdover
.475 A&M Magnum
Sell! dog coin is a joke coin, There is no cap to the supply of coins Look into it ASAP! looks like a pump and dump.
Doc8404
.450/400 Nitro Ex
I agree to a point.
If I don’t sell, we lose $1500. If I hang on and it turns into something, we are all moving to the same village down south LOL
Doc8404
.450/400 Nitro Ex
Wondering more about ETC and why TXMD isn’t performing like it should and if it is still a buy.
Doc8404
.450/400 Nitro Ex
Well when idiots like Mark Cuban and Elon Musk are pushing Doge, I might as well go along for the ride.
it’s a joke. 6,000 percent since beginning of year
it’s a joke. 6,000 percent since beginning of year
Huge joke, I'm up like $1,400 on a joke
holdover
.475 A&M Magnum
You got a 608% gain!!! Your a winner!!
Looks like I'm at 496% gain
holdover
.475 A&M Magnum
DOnt watch, the swings will make you sick
Not really