renth

People are making money hand over fist in Bitcoin, Ethereum and others.

I've got some skin in the game but really Bitcoin is doing what I though gold and silver would do (but still might) I think I bet on the wrong horse...

So any blockchain bros or crypto chicks in this forum?

Swerv-o

My mate is making money hand over fist - mostly in Bitcoin. He says the Crypto currency market is cyclical in the short term, so he buys in after it's had a 'crash' and hopes to sell before the next 'crash'. I don't think there's anything more to it than that.

He made well over $10k in the last Bitcoin sprint - though of course the ATO will want their share as well.


S

Gordon Barlow

Historically, the best analogy with Bitcoin seems to be the tulip-mania in the 17th Century. Money was made hand over fist then, too - absolute fortunes! But with any mania, it's all a matter of timing. We learnt the basic rules at birthday parties when we were very young: don't be too far from a chair when the music stops.

GarryP

Yeah, and the time was many years ago when you could mine bitcoins quickly with little processing grunt.

I wish I'd seen how the libertarians and drug dealers would have inflated the value. Could have become a multimillionaire with just a graphics card.

One of the first transactions was 10,000 bitcoins for two pizzas. At today's rate, that would be AU$37,437,425.61

Pennines54

I'm interested,and been looking atit but slightly nervy its casino money that can be killed if the internet is downed or a virus...happy to discuss in pm renth

renth

I've been registering a few Ethereum domain names, including my own name.eth

There's a tech/new media writer in the US who shares my name and I always beat hime to the punch on Gmail/Twitter and now Ethereum! He'll be pissed off I'm sure LOL!

Looking forward to negotiating with a former employer about leasing back their .eth domain which I now own. They say revenge is a dish best served cold!!!

Swerv-o

Bitcoin's no longer the only player in this game - what are the more secure, new cryptocurrencies coming through?


n

renth

I'd say they are all secure but the best ones for privacy are Monero and Cloak

the_gripmaster

There are some big changes coming to Bitcoin from August. The changes are mainly addressing the scaling issue: slow transaction times and high charges for transactions. If things go well, next year it's not impossible for BTC (Bitcoin) to reach US$5,000, or even US$10,000. If you do buy BTC now at the all time high, you need to be prepared not to panic sell when the price takes a dive in the coming months for all the changes in the BTC code.

BTC is the gold standard of crypto currency. ETH (Ethereum) also has great potential because of smart contracts. LTC (Litecoin) is undervalued. Most coins out there are sillycoins. Please stay away from them.

Market cap of all crypto currencies here http://coinmarketcap.com/ .