BTC tanks while the Chiefs do. NOT a coincidence. Still trading high, like the next season. Whoot.

Bit 15800
Eth 1175

Bit 14700
Eth 1050
Definitely took a dip overnight. I was in Eth but got out at 1088, didn't maximize that jump above 1200 but I tend to bank out early just to be safe, I've only been in it for a week so obviously not an expert here. Was going to jump into Bit but Cointelegraph talked about the low end $15500 barrier and if it dropped below $15000 that it might not be a bad spot to cash out for a Stop Loss so I kept out to see if it would stabilize. Bit could drop to $13k which could be a great spot to jump back in. Definitely worth watching today.

http://fortune.com/2018/01/08/coinma...change-prices/

CoinMarketCap, arguably the most prominent global index of cryptocurrency prices, triggered a wave of anxiety and anger this morning when it removed a group of Korean cryptocurency exchanges from its price calculations.
Though the change was apparently made at midnight Sunday U.S. EST, CoinMarketCap did not publicize it until midday on Monday, saying that the Korean exchanges showed “extreme divergence in prices from the rest of the world and limited arbitrage opportunity.”

This caused some serious market chaos, and people started to panic sell. Good time to buy on the cheap.

It caused Ether to drop from 1225 to 1000 and it’s already back to 1210.

In 2 weeks, Ethereum will be the top crypto in the world, overtaking Bitcoin.

BTC has more than double the market cap of ETH. That’s a very ambitious claim for 2 weeks.

What are the current BEST exchanges for crypto? Looking for lower fees and reliability. Thoughts? (Thank you. You seem nice.)

When it comes to BTC, ETH, LTC just go long. Personally I trade alts and put the money back into BTC. It's like mining for BTC.

My exact strategy. I've got the time to day trade a lot though so it's constant in and out for me with the others. Wallet the gains then look for a big BTC dip --> invest wallet. I'm basically treating it like a video game.

I'm new at this though so I don't know really. Just seems like common sense.

ripple is down and litecoin is down. Ripple had a nice run. Tempted to take my money and go elsewhere but going to hold for now.

Coin telegraph predicts Ripple to drift lower to $1.41ish range. I got out today for a small profit and put all of that towards TRX.

I put $1000 into GDAX 10 days ago and have been essentially day trading to get my feet wet. Up over $1400 now. Looking to take the house money portion on this and start putting some into the alt coins out there. I was going to go into Ripple but the comment from ChiefRocka regarding business size made so much sense to me that it really did seem like it was in a definite bubble. Add to the fact that they can flood in new Ripple each month(yes I know they said limited quantity) and I just chose to stay away. I'll get into a few alts pretty quick here.

If you guys are into alts, let me tell you about the one where I've made a small fortune. The coin is Ark - today it's trading at about $10 a coin and the market cap is right at $1 billion (plenty of room to grow). The exciting part is that you can vote for a delegate and get free Ark - the more Ark you have, the more you get - I currently get 4 free Ark every 2 days. Read up about Ark at ark ecosystem on reddit if you are interested - this bad boy has some great tech and some serious long term potential.

Financial advice on your first post? Bold strategy.

Someone told me to **** off with this P&D strategy LMAO

I've held Ark since $0.35 - it's a fork from Lisk.

I'm also the guy who was banned the other day for telling you all to sell your Ripple at $3 - bad advice, I know!

Man - what terrible advice! I told you all to sell your garbage Ripple at $3 (half of it) and put it in ETH ...

Since this post - Ripple has fallen to a little over $2 and ETH went from $930 (edit) to $1250.

Sorry for my terrible advice. My apologies. Keep buying Ripple and thinking it's actually worth something ROFL

Also - I posted that before Coinbase told you all what was up - you guys all fell for Ripple and I told you to get the **** out - perhaps you'll take my advice and realize Ark at $10 is a bargain - that's a REAL $50 coin with a TON of upside.

You're all welcome in advance.

Ripple is still a good company and good technology. there isjust too much of it for it to end up like bitcoin or ethereum. I see 40-80 as the cap for it.

My portfolio is 40% ETH, 30% Ark, 15% Bitcoin, 8% Litecoin and the other 7% spread between things like Sia, Neo, Factom, XLM and maidsafe.

Chiefrocka has made me a shit ton of $ in this thread - and I'll always love him for that.

Actually, he's lost me a ton of $$ because until I cash out, I haven't made dick - and I'm not cashing out for a few years at least.

Ripple at 40-80 ROFLROFLROFLROFL

Can you even do the most basic math?

You really think Ripple is a 5-10 trillion dollar idea?

J
F
C

Sell your $2 Ripple and convert to ETH - right now. Ripple is classic pump and dump. Get rid of that shit.

If you want something cheaper than ETH, I was giving you Ark because it's about the 50th overall coin in terms of Market Cap and it's a real technology with a real product.

If you want something more popular - go for things that don't need to be mined like XLM, or Neo.

STAY THE **** AWAY FROM RIPPLE

I spent 1 Ark to vote for a delegate early on and now I'm paid over 3.5 ARK, free, every 2 days from my delegate.

You guys are always asking for ideas - I registered just to inform you on something that is a very real, very promising coin - Ark.

Again - you are very welcome.

why do you think Taco John has gone mute the past few days in this chat?

He realized Ripple was what we said it was - it defeats the very purpose of the crypto movement.

If you've made $ on Ripple - sell. Thank me later.

I am talking 5-10 years down the line

Well - I have no idea what happens in 2030 - but if Ripple is ever worth $10 trillion ****ing dollars ...

that means your USD isn't gonna be worth shit and this country is ****ED

the SWIFT system facilitates the transfer of 5 trillion dollars a day,

If ripple even takes a small percentage of that think of what one ripple would have to be worth for it to make sense to use.

A little worried about bitcoin. China stopping giving electricity discounts to big bitcoin mining operations, and forcing some bitcoin mining out of the country. 2/3 of all bitcoin mining is done in China. The last time there was bad China news BTC divebombed, but this is a much more mature market.

if you had $10k to invest today, which Crypto would you invest in for a short win (~1-3 months) and where would you want to invest for a medium stent (~12-16 months)?

This thread has turned into a complete shit show.

I would put it all in Eth and HODL!

I really like ETH as well. Getting a hundred different answers from my friends already invested: ETH, XRP, REQ, TRX, SHIFT, DASH, BAT, ICON, Enigma, BountyOX, NEO....lol only a few of them have responded to this inquiry thus far, all are doing well with Crypto.

I don’t know too much about crypto so I try to play it safe and I feel that Eth is a safe bet in the Crypto world. I also like Golem. They should be releasing Brass sometime this year so I’m hopeful that will pump the coin up a few bucks. There are a lot of coins out there that can probably make me more money but I’d rather just dump some fiat in every so often and not worry too much about the weekly swings.

I’m also looking into an ico on February 1st for VICE. It’s a token for adult entertainment. Giggity giggity.

Hootie is back

Sign me up! lol

ETH is probably about as safe as it gets in crypto right now. Won't see the huge short term gains, but should be steady.

XRP and TRX are two of the most polarizing coins, and both have taken a huge shit lately.

I'm high on XRB and VEN right now, but holding a few others.

ETH, NEO, REQ

Kicking myself for not getting into NEO a few days ago when I looked into it. I do have a small holding of REQ, though.

What places do you use to do research on these ChiefRocka?

Reddit is pretty good if you can sift through all the bullshit shilling.

/r/ethereum
/r/cryptocurrency

Hay guis, how do I sign up for a get rich quick in these crypticurrencies?

That’s pretty much what this thread has become.

Yeah NEO for sure.

You know that a guy here runs the badcrypto podcast

I remember my first time buying penny stocks and seeing all the sick unrealized gains I had in the first few months!

I pulled out.

2 Weeks from now the market cap in crypto will hit $1 Trillion.

HODL!

VEN went up big today - good day for me. I'm about 2.5x my initial investment there.

Safex is perking up. Damn it. 4.4¢ now. Still haven't figured out an exchange where I can buy it.

Well I went to microcenter. Almost sold out of graphic cards. They stated the miners keep coming in and buying everything. Guess it is going well.

Crazy night in the crypto world when the asian countries came online. Big crash late last night - ETH went from 1300 to 1000 in about an hour, and everything crashed hard across the board. The entire market lost 50B in marketcap in minutes. Many seem to have recovered, but not all. Various rumors on what caused it, but seems hard to correlate. Was an interesting thing to watch as many panic sold, while many others doubled down - wish I'd had some fiat ready to go somewhere. Would have been a great time to buy...

I was under the impression that mining was nearly (but not completely) pointless...

Who? You?

Well they only had a few graphic cards in stock. What ever group comes in and buys them completely out frequently. So they must be making some sort of profit on it.

It is very easy to correlate. Many media sources incorrectly reported a complete ban on crypto trading in South Korea.

I saw that, but apparently, that wasn't new (inaccurate) news. Seemed to be some doubt that's what actually caused it, but certainly could be.

I don't think millions of new users created exchange accounts in the last month so they could SELL crypto. It'll come back with a vengeance.

This is the most sure plan I know of for becoming a millionaire today in cryptocurrency.

Step 1. Invest $20k into XRP
Step 2. Forget about it until 2021/22
Step 3. Enjoy your million dollars when it reaches a $4 Trillion dollar market cap. (It will)

P.s. This is not investment advice. Do your own research. Follow your own plan.

I'm sure it's been covered, but I'm not wading through 1200+ posts. The process of mining is considered a business. Any gains are taxable only if you use it in the exchange of product/services or if you convert it to cash, correct? My boyfriend is much more knowledgeable about this than I am, but I wanted to check out this side of things. In order to keep things simple for now, I have told him that any transactions done will only be the converting of any gains into cash. That cash will then be taxed. My question, I guess, is this: In keeping things as simple as possible in this regard, would it be easier to just claim the self-employment tax on any gains cashed out on my personal tax return, or would there be any need for me to form some sort of LLC?

You're going to need to talk to an accountant, luv.

Is it profitable to mine Ethereum?

Ari Chiefs. He doesn't post much but he is around

I get flamed on facebook crypto all the time. I have as my career I have "Taco cook" and I was like **** XRP it's going down. This guy goes..."Hey guys the Taco guy says XRP is going down, better sell.

https://techcrunch.com/2018/01/15/re...m-150-to-1000/


Researchers find that one person likely drove Bitcoin from $150 to $1,000
by John Biggs (@johnbiggs)


Researchers Neil Gandal, JT Hamrick, Tyler Moore, and Tali Oberman have written a fascinating paper on Bitcoin price manipulation. Entitled “Price Manipulation in the Bitcoin Ecosystem” and appearing in the recent issue of the Journal of Monetary Economics the paper describes to what degree the Bitcoin ecosystem is controlled by bad actors.

To many it’s been obvious that the Bitcoin markets are, at the very least, being manipulated by one or two big players. “This paper identifies and analyzes the impact of suspicious trading activity on the Mt. Gox Bitcoin currency exchange, in which approximately 600,000 bitcoins (BTC) valued at $188 million were fraudulently acquired,” the researchers wrote. “During both periods, the USD-BTC exchange rate rose by an average of four percent on days when suspicious trades took place, compared to a slight decline on days without suspicious activity. Based on rigorous analysis with extensive robustness checks, the paper demonstrates that the suspicious trading activity likely caused the unprecedented spike in the USD-BTC exchange rate in late 2013, when the rate jumped from around $150 to more than $1,000 in two months.”

The team found that many instances of price manipulation happened simply because the market was very thin for various cryptocurrencies including early Bitcoin. “Despite the huge increase in market capitalization, similar to the bitcoin market in 2013 (the period examined), markets for these other cryptocurrencies are very thin. The number of cryptocurrencies has increased from approximately 80 during the period examined to 843 today! Many of these markets are thin and subject to price manipulation.”

The manipulation happened primarily via two bots, Markus and Willy, that seemed to be performing valid trades but did not actually own the bitcoin they were using. During the Mt. Gox hack a number of these bots were able to create fake trades and make off with millions while manipulating the price of BTC.

The publicly reported trading volume at Mt. Gox included the fraudulent transactions, thereby signaling to the market that heavy trading activity was taking place. Indeed, the paper later shows that even if the fraudulent activity is set aside, average trading volume on all major exchanges trading bitcoins and USD was much higher on days the bots were active. The associated increase in “non-bot” trading was, of course, profitable for Mt. Gox, since it collected transaction fees.

But the Willy Bot likely served another purpose as well. A theory, initially espoused in a Reddit post shortly after Mt. Gox’s collapse (Anonymous, 2014b), is that hackers stole a huge number (approximately 650,000) of bitcoins from Mt. Gox in June 2011 and that the exchange owner Mark Karpales took extraordinary steps to cover up the loss for several years.

The bottom line is simple: if Bitcoin wants to be taken seriously it probably shouldn’t be this easy or legal to manipulate the markets. While decentralization is supposed to replace regulation it’s clear that there is still a way to go before it can be truly taken seriously. “As mainstream finance invests in cryptocurrency assets and as countries take steps toward legalizing bitcoin as a payment system (as Japan did in April 2017), it is important to understand how susceptible cryptocurrency markets are to manipulation. Our study provides a first examination,” write the researchers.

#bitcoin and LiteCoin and #ripple looking weak as **** right now. Pussy hands are folding like mother ****ers.

I think there has to be some kind of bot/algorithm in place for Ethereum and bitcoin at times. At times maybe it’s coinbase as a whole using something that’s very fishy.

Look at the charts for the 4 cryptos on coinbase the last couple days and SOMEHOW all 4 have almost carbon copy charts.

Unless everyone that’s buying and selling is buying and selling all 4 at the same time, something just doesn’t make any sense.

.

Here’s what coin telegraph had to say a couple days ago...

Ether was 1100 bitcoin was 15000 when I said this a week ago.

Now Ethereum is 1250 and Bitcoin has fallen to 13000.

The gap is narrowing.

A month ago, Bitcoin was almost 20,000 and Ethereum was about 700.

People are valuing the superior technology of Ethereum and I think this week is going to close the gap even more.

It’s gonna be very interesting if cointelegraphs data holds true and bitcoin falls to 8000 levels if Ethereum goes down in value with it or if people that sell bitcoin move those funds to Ethereum or elsewhere.

Billions of dollars are going to go somewhere.

Converted 5000 XRP to 8.08 ETH last week. Converted 6 ETH back to 5120 XRP today.

Pretty easy way to make 2 free ETH and 120 free XRP.

You have to remember that Coinbase is the exit door into cash. It should be expected that they'd trade together in a selloff.

That's how to do it... :)

That's going to depend on a lot of things, including the cost of your electricity.

I like to track the Cryptos but mostly find them to be speculative non-sense. In the past few hours Bitcoin and Ripple have collapsed (Bitcoin about to fall under $10K and Ripple now under $1.00).

99.9% no unless you get free electric

Time to reload.

buying 5000 xrp

wish me luck bros