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Other Cryptocurrency

Discussion in 'General' started by MLyons, 6 Dec 2017.

  1. hyperion

    hyperion Active Member

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    What exchanges are you guys using? I made a decent amount dumping my ETN a couple of days ago but missed the highpoint (on cryptopia).
     
  2. Guest-23315

    Guest-23315 Guest

    XRP on Bitfinex
     
  3. Wakka

    Wakka Yo, eat this, ya?

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    As a newbie, Coinbase works for me. Yeah they charge fee's, but if you're only doing small transactions here and there, it's not so bad.

    Can be a bitch to get the ID verification to complete, but once you're in, you're pretty much good to trade.
     
  4. hyperion

    hyperion Active Member

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    Thought so. I'm registered on a few exchanges but bitfinnex aren't taking new registrations at the moment.
     
  5. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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    Pro tip: use GDAX. If you have an account on Coinbase, you automatically have an account on GDAX - it's Coinbase's trading platform. You'd still need to use Coinbase to buy crypto on a credit/debit card, but for everything else - large purchases via bank transfer, sales, day-trading, withdrawals - use GDAX and there are zero fees. Yes, even to withdraw: I got £7's worth of Bitcoin from Coinbase t'other day, transferred it to GDAX (free) then transferred it to my hardware wallet (also free). Saves you a bloody fortune.
     
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  6. TheMadDutchDude

    TheMadDutchDude The Flying Dutchman

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    I'm trying to register for GDAX but it just doesn't go through. I'm sick and tired of Kraken being the **** piece that it is and failing to deliver a webpage every other click.

    GDAX/Coinbase took pics of my ID and such and then it failed to authenticate as they're too busy. Meh. Coins shall live on the Nano S for now instead.
     
  7. hyperion

    hyperion Active Member

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    I authenticated my bank account on Kraken pretty easily but not coinbase. Tried two transfers to coinbase and they didn't go through, only debit transfers work which have a cap.
     
  8. Wakka

    Wakka Yo, eat this, ya?

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    Litecoin doing me good, boys - we're up 16% so far today. Won't make as much as I did on that initial spike, even with a bigger stake, but I can afford to play it longer this time if needs be.
     
  9. TheMadDutchDude

    TheMadDutchDude The Flying Dutchman

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    Still can't activate my account... can't do it via the mobile app either. Who knew this would suck so much? :D
     
  10. Wakka

    Wakka Yo, eat this, ya?

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    Anyone take advantage of the BTC spike just now? Bought in at £11.6k, sold at £14.2k, seemed to be the peak (for now), so a tidy 18% profit. Gonna see how LTC responds and if ETH does ANYTHING significant (it's been rather dormant the past few days).

    Any predictions from the guys who have been in this for a while?
     
  11. Anfield

    Anfield Well-Known Member

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    My predictions:

    BTC will hit $20k in a matter of days, then "crash" to approx $16k followed by a new rally that will send it to $25k+ around early Feb.

    Eth will remain around the $600 - 700 window for now, buy into it in the coming weeks, because when the above mentioned next big BTC rally kicks in it will drag ETH up to $1k in its wake.

    Personally 80%+ of my crypto assets are in BTC, I've sold most of my alt coins either for cash or BTC earlier this year, I just don't trust those random alt coins too much.
     
  12. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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    Shaved off a bit of my Ripple and swapped it for FunFair, a token on the Ethereum blockchain currently trading around the 3.4p mark.

    Pros:
    • It's cheap, so you can get LOADS OF 'EM.
    • It's seriously clever tech: the idea is to have a coin that online casinos can use which addresses a wide range of problems in current payment processing solutions, up to and including allowing users to verify that their deposited funds are safe and that the games are fair. Smart stuff.
    • There's a company announcement due on the 20th which might bump the price one way or the other, and there's a big beta test coming in Q1 2018 that should send it upwards.

    Cons:
    • It's been dropping steadily over the past three months - down around 54% - and I'm only guessing that it's going to reverse its fortunes.
    • It's not a real cryptocurrency: it relies on Ethereum not going mammaries-skyward (so you're effectively doubling your risk of losing everything, as you're spread across two assets), the software's closed source and commercial, and the token itself is wholly controlled by FunFair-the-company.
    • It's designed to make gambling safer and fairer, but also easier - and there are ethical considerations to take into account with that.
    • Given the number of tokens and the size of the global online gambling market (about $50 billion), FunFair would have to grab a major chunk to rise in value to the point where you're considering retirement rather than a night out - and the fact that it encourages fairness and transparency means that the really big outfits will likely never accept it, even though it's claimed by its creators to be cheaper than any other gambling funding platform. It lets smaller players spin up very quickly, though, which might be enough.
    As always, don't invest anything you're not willing to lose; view it as a long-term investment, don't try to pull your cash out as soon as you see your first gains or a small loss; best of luck to you if you do take a flutter.
     
  13. Hamfunk

    Hamfunk I AM KROGAN!

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    What exchange did you use to get your hands on the FUN? Thanks in advance!
     
  14. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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    Swapped Ripple for FunFair directly on Changelly, which gave me a better rate than Shapeshift (to the tune of a thousand or so additional FunFair tokens!)
     
  15. TheMadDutchDude

    TheMadDutchDude The Flying Dutchman

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    I finally got GDAX fully activated and authorized. Now I can kiss Error 520 - Kraken - goodbye. All I need to do is withdraw the remainder or my Ripple and then I'm done. I can't handle or trust their website with so much downtime.

    On the plus side, I've traded over $110k in the past 30 days and still have my funds. That's a bonus... :D
     
  16. SkiDave

    SkiDave Active Member

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  17. B1GBUD

    B1GBUD ¯\_(ツ)_/¯ Accidentally Funny

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    So I thought I'd dip my toe in on this here mining lark, currently mining ETH using EthMiner on Win 10 with an Asus Strix GTX 1080ti, with a decent bump to memory clocks: 5700mhz @ 74% power. I hear that Claymore is better though.... any thoughts/tips?

    I'm getting around 37MH/s. Joined Nanopool (1% fee) and should look to clear 0.05 ETH in about 10 days. I started Weds night and I'm at 0.02212316 currently. When I hit 0.05 min payout I'll be using Blockchain online wallet until I can pickup a hardware wallet. When you think you understand crypocurrencies, you've hardly scratched the surface!
     
  18. TheMadDutchDude

    TheMadDutchDude The Flying Dutchman

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    Kraken was meant to have their upgrades done at the start of the month. I just don't trust it... GDAX/Coinbase hasn't struggled one bit so far, and it is available whenever I need/want to use it to trade.
     
  19. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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    Have you worked out how much the electricity is costing you? That's usually the killer.
    I really can't recommend leaving your cash - even a small amount - in a web-based wallet service. Stick it on a paper wallet instead - it's not like you're going to be spending it. Then when you've picked a hardware wallet - I can vouch for the Ledger Nano S - you can sweep it from there when it arrives.

    In other news, FunFair's up 35%. Nice introductory bonus, that!
     
  20. B1GBUD

    B1GBUD ¯\_(ツ)_/¯ Accidentally Funny

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    With just the PC, fridge/freezer, boiler, phones left charging and alarm clocks I was pulling a little over 400w for the whole house according to the smart meter. Or about £0.08 an hour
     

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