Jurgens Smit Posted September 27, 2017 Share Howsit all, just wanted to find out how many cryptocurrency investers there are on the hub?What are your opinions?Methods?Tips and advice? I just ordered myself a Antminer D3 and already have a bitcoin Antminer L3+ running at home.I've got a 100mb/s fiber link with traffic prioritized for them during the day (5AM - 5PM). Doing decent so far. TALUS 1 Link to comment Share on other sites More sharing options...
GrumpyOldGuy Posted September 27, 2017 Share The only Antminer I know of is a mammalian long nosed Anteater which usually lives in South America. Everyone talks about these Bitcoins and other Cryptocurrencies and I have absolutely no idea what they are on about, I simply cannot see how you change a Cryptocurrency into real dollars that I can take to the store and buy something, and how do you get change?... its totally beyond me, so I will follow this thread with interest and see if I can learn something. Wannabe, FootballingCyclist, Blokman and 1 other 4 Link to comment Share on other sites More sharing options...
Goodbadugly Posted September 27, 2017 Share Ask yourself:Did Warren Buffett invest in cryptocurrencies? Link to comment Share on other sites More sharing options...
Rocket-Boy Posted September 27, 2017 Share Crypto is great when you mine it, not so much when you buy it. Jurgens Smit 1 Link to comment Share on other sites More sharing options...
bertusras Posted September 27, 2017 Share investors https://thenextweb.com/contributors/2017/05/28/difference-investing-speculating/ Skubarra and Jurgens Smit 2 Link to comment Share on other sites More sharing options...
Jurgens Smit Posted September 27, 2017 Share Ask yourself:Did Warren Buffett invest in cryptocurrencies? Cryptocurrency wasn't around when warren buffet made his money.To get started in Forex/Bonds/Stocks you need huge(massively huge) amounts of capital to make a decent living. The first Miner cost me around 30k and it's already been made back to me. Link to comment Share on other sites More sharing options...
Jurgens Smit Posted September 27, 2017 Share The only Antminer I know of is a mammalian long nosed Anteater which usually lives in South America. Everyone talks about these Bitcoins and other Cryptocurrencies and I have absolutely no idea what they are on about, I simply cannot see how you change a Cryptocurrency into real dollars that I can take to the store and buy something, and how do you get change?... its totally beyond me, so I will follow this thread with interest and see if I can learn something. You get paid for processing cryptocurrency transactions online(essentially your miner is a glorified bank teller). These transaction fees get paid into an online wallet in whichever currency you are processing for (ex Bitcoin). You then sell your bitcoin online as you would forex. That's a really vague description, but it covers the absolute basic process. Pants Boy, Blokman, GrumpyOldGuy and 1 other 4 Link to comment Share on other sites More sharing options...
jcza Posted September 27, 2017 Share Mining Litecoin and not BTC? Link to comment Share on other sites More sharing options...
GrumpyOldGuy Posted September 27, 2017 Share You get paid for processing cryptocurrency transactions online(essentially your miner is a glorified bank teller). These transaction fees get paid into an online wallet in whichever currency you are processing for (ex Bitcoin). You then sell your bitcoin online as you would forex. That's a really vague description, but it covers the absolute basic process.Aah okay, so if I understand correctly then, once you have a Bitcoin (whatever a bitcoin is) you can / have to trade (sell) this Bitcoin for real dollars? (ie) That is Dollars that I can take to McDonald's and buy a burger and shake or put gas in my car etc? If that is correct who then is controlling the value of this Bitcoin, or is it sort of an auction value, (ie) I have one to sell and whoever pays the most gets it.? Sorry for the questions, but you will need to be patient with me, I am old and I dont understand this stuff. Wannabe 1 Link to comment Share on other sites More sharing options...
lerouc Posted September 28, 2017 Share I am also interested but dont know enough...i saw that PNP is going to start accepting bitcoin as payment options at tills: CMK 1 Link to comment Share on other sites More sharing options...
eddy Posted September 28, 2017 Share Cryptocurrency wasn't around when warren buffet made his money. The first Miner cost me around 30k and it's already been made back to me. I put 30k on red and made it back in 30 seconds.......... . Lurch the stalker, Kalahari Vegmot, Zatopek and 2 others 5 Link to comment Share on other sites More sharing options...
Squier Posted September 28, 2017 Share There's value in a universally accepted digital currency. Holding a currency in your wallet that you can use anywhere in the world. Germany has formally accepted Bitcoin as a digital currency, you can buy your train tickets in Swtizerland with Bitcoin, Pick 'n Pay is exploring the possibility locally, etc. The wider it is accepted the more valuable it will become. The main challenge is regulating it, as no one owns the currency, like the SARB owns the ZAR. dracs 1 Link to comment Share on other sites More sharing options...
DIPSLICK Posted September 28, 2017 Share Howsit all, just wanted to find out how many cryptocurrency investers there are on the hub?What are your opinions?Methods?Tips and advice? I just ordered myself a Antminer D3 and already have a bitcoin Antminer L3+ running at home.I've got a 100mb/s fiber link with traffic prioritized for them during the day (5AM - 5PM). Doing decent so far.i hit translate and google was still wtfffff johnson, dracs, MTBeer and 1 other 4 Link to comment Share on other sites More sharing options...
MTBeer Posted September 28, 2017 Share i hit translate and google was still wtfffffyou and me both bru'. All the toppies all like huh? Wannabe and DIPSLICK 2 Link to comment Share on other sites More sharing options...
Skubarra Posted September 28, 2017 Share Ask yourself:Did Warren Buffett invest in cryptocurrencies? Sorry for the questions, but you will need to be patient with me, I am old and I dont understand this stuff. i hit translate and google was still wtfffff Just curious (to me) to see this in the same thread. As I understand one of Warren Buffet's principles in investment is that he only invest in things he understands (Gillette, Coke, Heinz etc) and generally avoids investment in things that doesn't make sense to him ( which is why he rarely invests in new technologies) This is partly how he managed to avoid the Dot Com & sub-debt market crashes. I think I am going to follow his principle on this, as long as this bit-coin thing doesn't make sense to me and I have no idea whether it is going to bancrupt me or make me rich, I would rather avoid and leave the speculation to braver people. (As per Bertus's article) Edited September 28, 2017 by Skubarra Zatopek, Wannabe and Goodbadugly 3 Link to comment Share on other sites More sharing options...
Zatopek Posted September 28, 2017 Share I follow this Rolling Alpha blog that have a good number of articles related to crypto currencies. 99% of the time I have no idea what he is talking about This Tether article finish with a comment that really put me at ease: "Someone (or a group of someones) is manipulating the Bitcoin market" Link to comment Share on other sites More sharing options...
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