Planet Rugby Forum

TheBouncer wrote:

KHollywood10 wrote:Fellas,

I'm just about to graduate University and have managed to somehow be deserving of €500 from various sources (aunts, uncles etc). Always been interested in trading and I always had a demo account on plus 500 where I used to do pretty well (artificially anyway) from macro events. However, it's most definitely not my speciality (Political science and business strategy were my degrees). Reading this, however, has made me want to have a crack at it and since that €500 has come from nowhere I was thinking I may as well have a go. I have a job so it's not gonna break the bank and im prepared to lose it. Had a successful uncle who always said only invest if you are willing to lose it.

So, my question is.

Would buying €500 of Ethereum be a "solid/risky/just go for it son" investment?

If it goes well great, if not then ill survive (I've done it the last 4 years of college anyway on a pittance).

Also, it would be quite a good story saying your first investment was based off a rugby forum.

This was my mindset anyway. Studying the tech, developing a belief in it and throwing what I could afford to lose behind it. If the adoption is as strong as I suspect the upside will be enormous, if not I can live with it.

And it's a fun ride besides.. 180 yoyos down to 100 in a week and now back to 150 or so.

All thé cryptos have crashed last 2 days because of Coinbase crashing (one of the main sites where you can buy bitcoins)

I do not understand any of this.

BlackMac wrote:I do not understand any of this.

The first major implementation of blockchain was in bitcoin. And so while bitcoin the currency is useful and interesting the far more important feature is the technology underlying it (ie. blockchain)

Blockchain allows for trustless, pier to pier transactions posting on a ledger that can not be changed. So if i send you a tenner there is no central party i need to trust to oversee that transaction because it will be lodged in the ledger (by computers validating the transaction) as a block... all of these transactions or blocks accumulate to form the chain of blocks and hence the name. These transactions can not be changed.

Potential use cases of this are endless and there's a whole lot more to it of course. Ethereum, the one we are on about, is a smart contract platform too.... smart contracts allow for execution of a transaction once certain criteria are met. So me giving you that tenner might be contingent on it hitting 30 degrees outside... the contract might have an oracle feeding it detail on the weather and execute the transaction once it's 30 degrees. Again, the point is that no trusted intermediary is required here.

The cryptocurrencies everyone is getting involved with have uses on these blockchains. Ether as an example is required as the fuel for transactions on the ethereum blockchain.

Hopefully that gives some background on it... someone smarter can give a better one.

peer

there you go

TheBouncer wrote:

BlackMac wrote:I do not understand any of this.

The first major implementation of blockchain was in bitcoin. And so while bitcoin the currency is useful and interesting the far more important feature is the technology underlying it (ie. blockchain)

Blockchain allows for trustless, pier to pier transactions posting on a ledger that can not be changed. So if i send you a tenner there is no central party i need to trust to oversee that transaction because it will be lodged in the ledger (by computers validating the transaction) as a block... all of these transactions or blocks accumulate to form the chain of blocks and hence the name. These transactions can not be changed.

Potential use cases of this are endless and there's a whole lot more to it of course. Ethereum, the one we are on about, is a smart contract platform too.... smart contracts allow for execution of a transaction once certain criteria are met. So me giving you that tenner might be contingent on it hitting 30 degrees outside... the contract might have an oracle feeding it detail on the weather and execute the transaction once it's 30 degrees. Again, the point is that no trusted intermediary is required here.

The cryptocurrencies everyone is getting involved with have uses on these blockchains. Ether as an example is required as the fuel for transactions on the ethereum blockchain.

Hopefully that gives some background on it... someone smarter can give a better one.

No, sorry, No further forward, which is a pity because I have always been willing to put a bit of money on a speculative punt. I just can't bring myself to invest in something I can't comprehend. Must be an age thing.

Salix wrote:

sorCrer wrote:

Salix wrote:Good time to buy ethereum? What about other digital currencies?

I'm spread across BTC, ETH, XRP and Lumens.

Do you expect XRP and lumens to rise much?

I'm more in favour of XRP as it has got some banking support in Asia and is a decent sized operation at around 120 employees. They seem prudent and can absolutely kill SWIFT with decent adoption.

I'm minute trading XRP for fun e.g yesterday I bought $1000 at 0.175 and sold it 4 hours later at 0.225 which is a pretty healthy profit for a few hours work. The balance I HODL

bought £10 worth of bitcoin in 2011, still got it somewhere

le chat wrote:bought £10 worth of bitcoin in 2011, still got it somewhere

seriously? depending on the price you bought it at, that's at least £50,000

englishchief wrote:

le chat wrote:bought £10 worth of bitcoin in 2011, still got it somewhere

seriously? depending on the price you bought it at, that's at least £50,000

is it? not worth the hassle then

Is this an IQ thing if I don't understand it? Will it be widespread in 20 years time and I'll be left behind?

sorCrer wrote:

Salix wrote:

sorCrer wrote:

Salix wrote:Good time to buy ethereum? What about other digital currencies?

I'm spread across BTC, ETH, XRP and Lumens.

Do you expect XRP and lumens to rise much?

I'm more in favour of XRP as it has got some banking support in Asia and is a decent sized operation at around 120 employees. They seem prudent and can absolutely kill SWIFT with decent adoption.

I'm minute trading XRP for fun e.g yesterday I bought $1000 at 0.175 and sold it 4 hours later at 0.225 which is a pretty healthy profit for a few hours work. The balance I HODL

what does that do in net ?
like isn't there a 10 % fee at buying xrp ? and what about the fees at selling and converting it back to $ somewhere ? and then what about eventual taxes ?

englishchief wrote:

le chat wrote:bought £10 worth of bitcoin in 2011, still got it somewhere

seriously? depending on the price you bought it at, that's at least £50,000

Or £7m according to the thread title.

Would 100 gbp on Ethereum right here and now be a solid bet?

kiwinoz wrote:Bumped. For those thinking about timing the correction (I called ) has made now a good time to get in. Caveat emptor and all that ...

Firstly I knowe 5/8th of fudge all about this. How would one go about getting in on a wee toe dipping investment from NZ, say in Eth, given that the traders here are getting a hard time from the banks here over laundering and such like regs?

Had a good few grand worth of bitcoin in 2013 bought in the $70/80 range. I sold for around $95 because of circumstances. A few months later it shot up to over a grand US.

Is that how you chose your username?

Ted. wrote:

kiwinoz wrote:Bumped. For those thinking about timing the correction (I called ) has made now a good time to get in. Caveat emptor and all that ...

Firstly I knowe 5/8th of f**k all about this. How would one go about getting in on a wee toe dipping investment from NZ, say in Eth, given that the traders here are getting a hard time from the banks here over laundering and such like regs?

Its a good question as in some respects exchanges (where you buy) and wallets (where you store) are a bit of a wild west still and trying to buy is easy (selling in your native currency ie NZD ) can be problematic. As an example Coinbase is one of the biggest exchanges for BTC & ETH yet can buy in AUS , but not sell back. Shit service and for the last 72 hours have not be able to transact. I have tried to get an Aussie set up but find it expensive to transact, over regulated and hard to tell who is legit and who isnt. I am moving most of my coins onto paper wallets (ie out of the "system") for this very reason.

CrazyIslander wrote:

englishchief wrote:

le chat wrote:bought £10 worth of bitcoin in 2011, still got it somewhere

seriously? depending on the price you bought it at, that's at least £50,000

Or £7m according to the thread title.

or not, because that says 2010 and the price varied between $0.30 and $22 in 2011. If he bought at $22, it'd only be worth around $1000 now. If he bought at $0.40, that would be $50,000 now.

kiwinoz wrote: I am moving most of my coins onto paper wallets (ie out of the "system") for this very reason.

Another nice option.

https://www.ledgerwallet.com/products/ledger-nano-s

I've just ordered a couple

sorCrer wrote:

Salix wrote:

sorCrer wrote:

Salix wrote:Good time to buy ethereum? What about other digital currencies?

I'm spread across BTC, ETH, XRP and Lumens.

Do you expect XRP and lumens to rise much?

I'm more in favour of XRP as it has got some banking support in Asia and is a decent sized operation at around 120 employees. They seem prudent and can absolutely kill SWIFT with decent adoption.

I'm minute trading XRP for fun e.g yesterday I bought $1000 at 0.175 and sold it 4 hours later at 0.225 which is a pretty healthy profit for a few hours work. The balance I HODL

Where do you buy xrp?

I've just got a couple of £k in dividends - Eth looks like an interesting place to invest it.

Anybody use Etoro to trade ?

ovalball wrote:I've just got a couple of £k in dividends - Eth looks like an interesting place to invest it.

Anybody use Etoro to trade ?

I used to use it just as a sideline
Made some nice beer money on crude
Had no problem getting paid out

Crash_12 wrote:Would 100 gbp on Ethereum right here and now be a solid bet?

Yes

Has anyone any factom? Will research this week but looks very interesting.

There's a website called bitpanda where you can buy bitcoin, eth, dash and litecoin. £100 to punt, which one?

mikeyboy123 wrote:There's a website called bitpanda where you can buy bitcoin, eth, dash and litecoin. £100 to punt, which one?

Any anyone used bitpanda? Legit?

mikeyboy123 wrote:There's a website called bitpanda where you can buy bitcoin, eth, dash and litecoin. £100 to punt, which one?

BP is quite expensive. And ETH is the answer.

Ok, ta.

TheBouncer wrote:

mikeyboy123 wrote:There's a website called bitpanda where you can buy bitcoin, eth, dash and litecoin. £100 to punt, which one?

BP is quite expensive. And ETH is the answer.

Is there a better option than BP then, for a novice I mean?

Ewinkum wrote:

TheBouncer wrote:

mikeyboy123 wrote:There's a website called bitpanda where you can buy bitcoin, eth, dash and litecoin. £100 to punt, which one?

BP is quite expensive. And ETH is the answer.

Is there a better option than BP then, for a novice I mean?

What currency are you trading? Coinbase and Kraken have been best by far for me.

Given the difficulties in verification I'd set up both, press them constantly for assistance, and load up on whichever comes first.

TheBouncer wrote:

Ewinkum wrote:

TheBouncer wrote:

mikeyboy123 wrote:There's a website called bitpanda where you can buy bitcoin, eth, dash and litecoin. £100 to punt, which one?

BP is quite expensive. And ETH is the answer.

Is there a better option than BP then, for a novice I mean?

What currency are you trading? Coinbase and Kraken have been best by far for me.

Given the difficulties in verification I'd set up both, press them constantly for assistance, and load up on whichever comes first.

Thanks. Can$ for me.
I'm going to have to educate myself a bit this week.

TheBouncer wrote:

Ewinkum wrote:

TheBouncer wrote:

mikeyboy123 wrote:There's a website called bitpanda where you can buy bitcoin, eth, dash and litecoin. £100 to punt, which one?

BP is quite expensive. And ETH is the answer.

Is there a better option than BP then, for a novice I mean?

What currency are you trading? Coinbase and Kraken have been best by far for me.

Given the difficulties in verification I'd set up both, press them constantly for assistance, and load up on whichever comes first.

Given I'm in NZ and kraken does not trade in NZD assume I would just be able to se up a foreign currency account and use that?

As I understand it NZD is a disaster for eth... either pay a premium or buy bitcoin and exchange that for eth on shapeshift, poloniex or another token transfer site. Note, the sites that avoid fiat like those I've mentioned are very user-friendly, no arduous verification process.

DO NOT LEAVE substantial amounts on these exchanges. If anyone needs help with cold storage post here.

TheBouncer wrote:

Crash_12 wrote:Would 100 gbp on Ethereum right here and now be a solid bet?

Yes

Has anyone any factom? Will research this week but looks very interesting.

Since this post last night factom is up 50%



#cryptolife

So say I had this software on my machine and my hard drivce fails, I understand I loose everything. So would a raid array take care of this problem?

If you want to invest at cryptos, invest in ETH and Stratis, probably the 2 most promising cryptos mid/long term.

Source, as a saffer where do you buy xrp and xlm?
Been waiting more than a week and counting to get verified on kraken
fudge that place

Uthikoloshe wrote:So say I had this software on my machine and my hard drivce fails, I understand I loose everything. So would a raid array take care of this problem?

Can you not just back it up on an external drive ?

Cartman wrote:Source, as a saffer where do you buy xrp and xlm?
Been waiting more than a week and counting to get verified on kraken
f**k that place

Buy BTC on Luno and transfer to Kraken. I prefer Bitstamp for XRP but they don't trade XLM.

Uthikoloshe wrote:So say I had this software on my machine and my hard drivce fails, I understand I loose everything. So would a raid array take care of this problem?

You can store on paper if you want. Otherwise look at Nano S.

Bitcoin average DAILY value change:
2010: +0.82%
2011: +0.76%
2012: +0.26%
2013: +1.11%
2014: -0.25%
2015: +0.09%
2016: +0.22%
2017: +0.66%