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twoones
Stranger
Registered: 06/14/17
Posts: 42
Last seen: 6 years, 7 months
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: memes] 1
#24430895 - 06/24/17 05:07 AM (6 years, 7 months ago) |
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i will give you the easiest click-entry guide i can explain in one post. To keep it on topic, and lead you to using the exchanges that will have the "big dogs" including Tezos when they are offered.
1. Never invest what you cant lose. The market has to consolidate large gains and will make you wait much like a mycelium.
2. get an account with Coinbase. They have a website and app. Coinbase is a USD to BTC ETH LTC exchange. That's where you can actually buy those coins with your bank or credit card. (note: more importantly this is where you can withdraw from your currency to your bank.)
2.5 it's not as safe to leave them in coinbase as it would be to put them in your own crypto wallet. moving them will cost a tiny fee.
3. get Jaxx wallet app with Shapeshift onboard. or another wallet of your choice with the same features. It's a secure place to hold your coins and you can shapeshift them into some other currencies. Shapeshift makes that easy inside Jaxx because they make the 'sales' and 'buys' to exchange them for you.
4. use Jaxx to shapeshift and diversify into the other coins available if you wish, or keep them. if you just want to trade to other coins keep them in BTC. until you want to expand to #5 below
5. Join poloniex.com, join bittrex.com those exchanges open you up to a world of crypto-coin trading but only accept deposits in specific currencies like BTC and perhaps ETH again now. enable to 2 factor authentication and protect yourself. You can exchange into 764+ coins.
6. you can use things like cryptocompare.com to keep things easy to watch in your portfolio. or coinmarketcap.com to see the current rates on all coins.
hey im almost 40 at level 3 and its 6:39am forgive me for not adding the links. ill edit later :D:D:D:D ratings always worth a handy!
Edited by twoones (06/24/17 06:53 AM)
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: twoones] 1
#24433969 - 06/25/17 09:45 AM (6 years, 7 months ago) |
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cheers mate. given the limit on CC/DC deposits into coinbase ($150/wk, bank regulated) and the lag-time on linking bank-accounts (4-5 days) and the proximity of Tevo's IOC, i'll probably just sit it out and watch

but on the info
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 11 minutes, 13 seconds
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: memes] 1
#24434167 - 06/25/17 11:28 AM (6 years, 7 months ago) |
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Coinbase is a bit cumbersome. They are well funded and apparently carry insurance, so are perhaps one of the more secure exchanges to use, but their platform leaves a lot to be desired. If you want a more robust trading platform, consider opening an account at Kraken.com. You will still have to provide personally identifying information to achieve reasonable account limits, but the platform allows you to place more complex orders, including lowball good-til-cancelled orders to pick up some scratch if the price falls to your desired purchase level... whereas on Coinbase you seem to be locked into whatever the market rate is at the time you place your order. I use both, but also maintain private wallets (not held on a third party exchange), backed up on encrypted flash drives.
If you want some bitcoin quick, download a Bitcoin wallet, most proven options are listed here: https://bitcoin.org/en/choose-your-wallet
Then head over to https://www.localbitcoins.org and buy directly from another peer. You end up paying a premium this way, but the limits are much more flexible and depending on whom you buy from, you remain considerably more anonymous since you are basically walking into a bank and depositing cash into an account instead of linking your own bank account. I'll admit it sounds a bit risky, but I've done it a few times with no problems, just make sure you trade with a well reviewed vendor.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: geokills] 1
#24434387 - 06/25/17 01:11 PM (6 years, 7 months ago) |
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Some of the logic with giving real money to someone online and trusting them with it just seems well
STUPID.
Then to justify it pump it up I don't get it. It's shit, it will always be shit, digital currency is shit or THE SHIT depending on who you talk to.
But really, I just don't get it.
I mean, I get it, people think they can hide their money online and make money on the ill gotten gains? Because supposedly there will never be another bitcoin mined.
YOU HEAR ME? NEVER. So buy now let's pump up the air pump up the jam.
I ALWAYS wonder about anyone pumping up bitcoin. Guys like Clif High who I love BTW there are others. Some are on here.
I wonder, as I wander...
-------------------- Anxiety is what you make it.
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twoones
Stranger
Registered: 06/14/17
Posts: 42
Last seen: 6 years, 7 months
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: LunarEclipse] 1
#24435260 - 06/25/17 07:52 PM (6 years, 7 months ago) |
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Anyone who said that never owned a bitcoin. There are 11 million left to mine.
Edited by twoones (06/25/17 07:53 PM)
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sh4d0ws
LSx


Registered: 02/26/08
Posts: 12,086
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: LunarEclipse] 2
#24438357 - 06/27/17 01:36 AM (6 years, 6 months ago) |
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Bitcoin is proven reliable and is decentralized. No one owns it, and no one can steal my bitcoins that are on a private encrypted wallet that is not stored on any computers. Certainly bitcoins price could crash and I accept that as an investor, maybe one day it will be worth $0. I don't really know, but I highly doubt that will happen anytime soon.
Digital currency is just the future. That's all.
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: sh4d0ws] 1
#24438990 - 06/27/17 10:51 AM (6 years, 6 months ago) |
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Quote:
sh4d0ws said: Bitcoin is proven reliable and is decentralized. No one owns it, and no one can steal my bitcoins that are on a private encrypted wallet that is not stored on any computers. Certainly bitcoins price could crash and I accept that as an investor, maybe one day it will be worth $0. I don't really know, but I highly doubt that will happen anytime soon.
Digital currency is just the future. That's all.
If JPM isn't in on it, I'd be amazed. Otherwise, these cryptocurrencies would have been crushed long ago. Of course digital currency is the future, and the future looks bleak. When every transaction is recorded, when currency devaluation is a click of a mouse (not that it isn't basically that now) we are all in trouble. The problem that Bitcoin professes to solve, it doesn't. Do you really feel that anonymous and protected with your wallet? The whole internet goes down, and yeah it's pretty much at zero. If you can't drop it on your foot and say OW, it ain't worth much. Physical metal, tangible assets. You have a house and land, at least you have a place to park. You have silver, hopefully you can hold it and not be stupid enough to put it in the bank.
-------------------- Anxiety is what you make it.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 11 minutes, 13 seconds
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: geokills] 2
#24439361 - 06/27/17 01:06 PM (6 years, 6 months ago) |
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Interesting note that Ether (ETH) has completed a full 50% retracement from its June 12th highs at ~$412 to a low of ~$204 this morning. A significant lack of confidence hit the market for ETH after the GDAX exchange (operated by Coinbase) experienced a flash crash, triggering a litany of margin calls and stop loss orders that by some accounts cratered all the way down to $0.10/ETH about a week ago. Coinbase ended up refunding some of the automated orders, but has subsequently experienced recurring issues/delays with buy/sell orders for Ether.
For anyone interested in beginning to build a position, I believe that this retracement presents an opportunity to do so at a reasonable price level. From a strictly technical perspective, I could see another leg down to around ~$160, but I would be surprised if it dips that low unless there are continued issues buying/selling the cryptocurrency that indicate fundamental problems with the way the instrument is structured extending beyond the GDAX exchange itself.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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howsyournaggerdoin
Happy


Registered: 02/04/16
Posts: 1,600
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: geokills] 1
#24441271 - 06/28/17 02:35 AM (6 years, 6 months ago) |
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Ethereum is losing trust ever since the Status ICO. It crashed the network for 2 days and now people are worrying that Ethereum has scaling issues. The flash crash added fuel to the fire of course. If they dont move to POS soon Ethereum is fucked.
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Dety
Old No.7

Registered: 09/14/04
Posts: 1,685
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: howsyournaggerdoin] 1
#24447694 - 06/30/17 05:16 PM (6 years, 6 months ago) |
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www.tezos.com - Fundraiser starts in a few hours if anyone is interested.
Quote:
Is the fundraiser capped?
Following the example set by the Ethereum Foundation, there is no limit on the amount of contributions that will be accepted. Capped fundraisers are typically dominated by a few large users with fast fingers. Tezos seeks to be accessible to everyone wishing to join in creating a robust and vibrant Tezos network. What is the minimum contribution?
The minimum contribution is 0.1 BTC or its equivalent in other means. What other means of contribution will be accepted besides BTC (XBT)?
The Tezos Foundation will also accept ETH, and offers a convenient way to contribute other alts via ShapeShift. If you choose to contribute in ETH, the equivalent BTC amount will be estimated based upon the timestamp of the Ethereum block in which the transaction is included, and the median of the the last trade price on Poloniex, Kraken, and GDAX. This is offered for the convenience of ETH holders and on a best-effort basis. If you want certainty contribute with BTC, otherwise you accept the risk that the exchange rate you'll get may not be exactly what you see on the screen at the moment of your contribution. Contributions in fiat currencies are also possible through Bitcoin Suisse AG, though be advised to check their rates and their legal agreement, and start the account opening process as soon as you can in order to give them sufficient time to process your application and for you to wire the money to their bank account before the fundraiser starts. Can I send from an exchange?
Yes, but if contributing with ETH you need to be able to send data alongside the transaction, so make sure your exchange or wallet can do so. Are there bonus periods?
The fundraiser will last for a period of 2000 Bitcoin blocks. Throughout this period, a contribution of one bitcoin will lead to a recommended allocation of five-thousand tezzies (5,000 XTZ) plus a time-dependent bonus. The bonus starts at 20%, meaning that a contribution of 1 BTC will yield a recommended allocation of 6,000 XTZ (a 1000 XTZ bonus). From 20% at the outset the bonuses will decrease progressively to 0% over four additional periods (15%, 10%, 5%, and 0%) lasting 400 Bitcoin blocks each. The average time between Bitcoin blocks is approximately 10 minutes, thus the fundraiser is expected to last about two weeks, and each bonus period of 400 blocks roughly two days and eighteen hours. How exactly do I contribute to the fundraiser?
Visit https://crowdfund.tezos.com after the fundraiser begins on July 1st, 2017 at 6am UTC. Make sure you type this exact address. Do not follow a link in an email or online; manually type this address into your browser. You will then go through the following steps: First your browser will be checked for compatibility. Once verified, you may either continue the process online or download a static html document which you can use on an air-gapped (not connected to the Internet) computer. If you are considering making a large contribution, we strongly advise you to use the offline option and to use a brand new computer for the occasion which should be securely wiped after use. You will be presented with a prompt asking for an email address and a new password. This ins't a registration. The email and password act as a secondary safety factor to protect the wallet that will be generated on the next screen. Pick a strong but memorable password. Losing your password means you will not be able to access the XTZ which may be allocated to you. There is no way to recover your password if you forget it. Click ‘next’. Your browser will generate a set of words (a “mnemonic”) representing your private key, as well as the hash of your public key. You must keep these words secure. The hash of your public key a string of numbers and letters starting with "tz1". You can use it to verify your contribution after you have completed the process. Save your wallet, either by manually copying the mnemonic, printing it, or moving the file to a USB drive. Verify that the seed words and public hash on the webpage match your downloaded wallet. Click ‘next’. Refer to the wallet number at the top of the document you just saved. Type your wallet number into the appropriate prompt and re-enter your password. Click ‘next’. If you used the offline option, you will instead have to follow a link online to continue the contribution process. You can use your regular computer for that step, as it does not leak the private key. If using the online option you will directly go to the contribution screen. You may now enter your desired contribution (if using BTC it is labeled XBT). You can send a test first, and/or send from multiple wallets/exchanges over several transactions. Remember if sending with ETH you must send it with the data as indicated in your paper wallet. Initiate the transfer by clicking your chosen contribution method (if it is fiat currency you will be directed to BitcoinSuisse AG’s website and you may skip the rest of step #8). Whether contributing in Bitcoin or Ethereum, double-check that the address is correctly entered by comparing it with your paper wallet, and complete the transfer. If using ShapeShift, click the ShapeShift button and enter the type of alt you’d like to convert into XBT. The destination address automatically populates, though you should check it by clicking on Bitcoin on the conversion page. Enter a return address (an address where your alts can be send back) in case the transaction does not go through, and enter your email address for a receipt of the transaction. Submit after double-checking everything and you are ready. Once the transaction is confirmed (which will take 6 bitcoin blocks, regardless of your contribution method), you will be able to confirm receipt of your contribution by following the “receipts” link and entering the public hash listed in your wallet. You’re done!
When will Tezos first be listed on an exchange?
A few exchanges have expressed interest but there is no exact timeline for XTZ to become listed. XTZ will most likely begin listing when the Tezos network becomes active and changes in ownership can be recorded on the blockchain. The development team estimates that the time to completion is around 4 months, however, bear in mind this could take longer due to unforeseen events common in software development. The Tezos Foundation will not be able to allocate tokens until the network launches. If you are anxious about exchange listing dates, we suggest you do not contribute to the fundraiser and wait until such a listing happens.
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demiu5
humans, lol


Registered: 08/18/05
Posts: 43,948
Loc: the popcorn stadium
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Dety] 1
#24447722 - 06/30/17 05:26 PM (6 years, 6 months ago) |
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it'd be hilarious if Tezos was a scam intended to snag bitcoins from people
-------------------- channel your inner Larry David
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ManianFH
living in perverty



Registered: 07/06/04
Posts: 14,741
Last seen: 15 hours, 18 minutes
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: demiu5] 1
#24449224 - 07/01/17 09:15 AM (6 years, 6 months ago) |
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So can you purchase this cypricurrentcy on exchanges now, such as BTE-e?
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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tomnl
Beginner



Registered: 06/16/08
Posts: 1,635
Loc: Under the shroom
Last seen: 1 hour, 34 minutes
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: demiu5] 1
#24449402 - 07/01/17 11:03 AM (6 years, 6 months ago) |
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Quote:
demiu5 said: it'd be hilarious if Tezos was a scam intended to snag bitcoins from people
Would you like that, crab?
Greets, Tomnl
-------------------- Been away so long I hardly knew the place Gee, it's good to be back home Leave it till tomorrow to unpack my case Honey disconnect the phone I'm back in the USSA You don't know how lucky you are, boy Back in the US Back in the US Back in the USSA
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sh4d0ws
LSx


Registered: 02/26/08
Posts: 12,086
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: ManianFH] 1
#24451076 - 07/02/17 12:16 AM (6 years, 6 months ago) |
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Quote:
mick said: So can you purchase this cypricurrentcy on exchanges now, such as BTE-e?
Tezos is currently in an initial coin offering and is available via the tezos crowdfund website or through bitcoin suisse. I just purchased mine by making an account at crowdfund.tezos.com
I hope that this actually does well. Sometimes you end up having an opportunity to get in cheaper than the ICO when they first start trading on exchanges, depending on a number of factors. I put in about $10K, I'm prepared and able to wait several years to see what the return is, I'm just in for the ride.
Good luck to all of you who decide to contribute!
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LogicaL Chaos
Ascension Energy & Alien UFOs




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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: geokills] 1
#24451249 - 07/02/17 03:29 AM (6 years, 6 months ago) |
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Yikes! With the Etheryum survive?
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: sh4d0ws] 1
#24451390 - 07/02/17 06:40 AM (6 years, 6 months ago) |
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Quote:
sh4d0ws said: I put in about $10K, I'm prepared and able to wait several years to see what the return is, I'm just in for the ride.
good luck god speed.
post a screenshot when they show up in your wallet
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: memes] 1
#24454076 - 07/03/17 09:52 AM (6 years, 6 months ago) |
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I agree with much that has been said but avoid coinbase. If you never believe anything else I tell you, believe that. I'm not even sure they are still in business but they have already ripped people off.
Bitcoin for the win, I agree with geo about making coins anon. Do what he says and about the only way they can get you is with social engineering and if you keep your mouth shut then they have no place to start even. They could be constantly monitoring your computer, your phone, maybe even your thoughts. But the btc will be as anon as you will ever need to be 99.8%.
I've been a staunch proponent of bitcoin for years and have given my opinion on this board. I remember when it fell to the 300's I urged everyone to get in because it could shoot up to its former value easily. Took a year or two but it happened. I made a nice piece of change on that, had quite a few coins and sold many of them. Should have kept more or waited longer than I did on some of them but you can't win them all. Grab the loot while its there. And here I am buying more coin all the time. Dont get in now, wait until it hits the magic 10k mark and everyone wants to get on board. To the moon indeed! Even the fools will get rich and the early adopters will get richer. Just imo.
Its got market share, there is money to be made in other cryptos but there is only one bitcoin. Its like vhs got there first, people adopted it and used it. Then came beta, an ironic name given that it got squeezed out of the market despite having a better quality product. VHS pushed constantly for adoption and the fact it was a leader meant that the distant second, third, etc had no shot. Plus beta made some other mistakes but lets not derail the thread. Mea culpa.
The reason I brought up that little story is to illustrate that market dominance in a winner take all game is crucial. If bitcoin had developed some problems which could not be overcome, then the second place or third place coin has a selling point and may win. But as we saw with beta vs vhs, better quality is not enough against high power business tactics and the fact of being there first and known by everyone. Well almost everyone.
I think we all remember the hullabaloo over silk road and especially when it was taken down? Bitcoin played prominantly in that little melodrama. You couldn't get that kind of advertising for a million dollars. Its like the cops basically admitted they couldn't do squat about btc.
Now we have ransomware and once again they do not accept american express, or litecoin or whatever. They always seem to want bitcoin. Now its got like a mafia mystique to it, which draws in the young crowd that the financial part didn't bring in. Smart money was using btc when its advantages made sense. It takes the thundering herd to really make it big. If $18B seems like big money, you aint seen nothing yet. This is still the early adopter stage, smart money will keep coming in for a long time. How long I don't know but I'm putting back a good chunk of what I already made on it back into it at a higher price. Am I nuts or what? dont answer that.
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ManianFH
living in perverty



Registered: 07/06/04
Posts: 14,741
Last seen: 15 hours, 18 minutes
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: Stonehenge] 1
#24455852 - 07/04/17 12:37 AM (6 years, 6 months ago) |
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I just purchased .2 BTC to put towards Tezos. Not a lot but its at the limits of what we can afford. So it says its like a fundraiser, but I guess the coins will show up eventually? Im just going to scan my coinbase app into my tezos pdf?
I dont know how that works and am hoping im not just donating money to them, that would suck. Can anyone who knows their platform explain that?
Thanks, and thank you Geo for the heads up on it.
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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CLIT
Stranger
Registered: 01/23/12
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: ManianFH] 1
#24456070 - 07/04/17 04:25 AM (6 years, 6 months ago) |
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How about Litecoin or Ripple? Ripple is still 25 cents. Anyone see a potential here?
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tomnl
Beginner



Registered: 06/16/08
Posts: 1,635
Loc: Under the shroom
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Re: Cryptocurrency Big Dogs: Bitcoin (BTC), Ethereum (ETH) and Tezos (XTZ) [Re: CLIT] 1
#24456136 - 07/04/17 06:37 AM (6 years, 6 months ago) |
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Ripple is what i would avoid, personally. Its been hyped up so much...
Im into Siacoin, because i see huge potential. I dont know if they will be able to tap into that potential, but am willing to take the shot.
Greets Tomnl
-------------------- Been away so long I hardly knew the place Gee, it's good to be back home Leave it till tomorrow to unpack my case Honey disconnect the phone I'm back in the USSA You don't know how lucky you are, boy Back in the US Back in the US Back in the USSA
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