Cryptocurrency
- Thread starter Playboi Carti
- Start date
Nope, it's at 11k, which is probably a good spot for it considering it went from 3k to 19k in 4 months.
ITS NOT A GOOD SPOT IF YOU BOUGHT IT ABOVE 11K PLAYBOI. THINK ABOUT ME PLEASE.
I hope this damn thing completely crashes soon. The price of video cards is just stupid.
Id love to if I had the equipment and money for the electricity it takes.
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After 30-45 days, Bitstamp finally approved my account. Was going to put $500 into Ripple back when it was .40. Jumped up to over 3 and now has been sitting in the 1.3 range. Is it still worth getting in?
That isn't bad, watch the price for a day or two to see if the price drops.
I picked up an L3+ for fun over the holidays. Mining about $20 to $25 in Litecoin a day. Electricity runs around $2.50 a day.
L
LincolnWay187
Guest
I would pay, do you want to get audited and pay a penalty when coinbase turns over its records to the IRS some day.Am I going to get in trouble if I don't pay taxes on gains? I sold half a bitcoin this year when it was around $6,000. I actually do intend to pay the taxes on it, but am just kind of curious what the IRS is up to when it comes to crypto.
I have a custom built mining rig with 2 980 ti's and 2 RX 580 8g's. Currently making 250+ a month. I use Nicehash personally, I like that you rent out your mining power and that it switches to which ever coin is most profitable. Mining is most likely on the way out though more and more coins are Proof of Stake and Eth is switching to Proof of Stake as well.
I would say Cardano is a better bet. The problem with ripple is they are sitting on 50 billion coins that they plan on putting back into the market place. This would mean the price will drop with each scheduled release and limits the returns you can get.
Kind of late to start now. Need a computer, power supply, and GPUs. The current GPU prices are outrageous. These things are going for 2x - 4x msrp. An RX580 that you could have bought for ~$250 6 months ago now goes for over $500. The 1080ti that should go for ~$700 are selling for $1500. The 1070 that use to MSRP for $400 are now approaching $1000. These are prices from retailers if you can find them in stock. Ebay is much worse.
I wish I would have bought a truckload and sat on them for 6 months.
Although if the prices stay the same you are looking at an ROI of about 6-8 months. That is pretty good for an ROI, but I wouldn't trust the crypto world that the prices will stay steady. They could collapse and you would be stuck with a bunch of GPUs that you overpaid for. Ebay would be flooded with used GPUs and you would be lucky to get $50 for 1080ti. PC gamers will be rejoicing.
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I am seeing news that both Square cash and Robinhood are going to allow users to trade in cryptocurrencies.
This is big news as both have an established user base, a good UI for buying and selling, and increase the average persons exposure to the crypto market. I wouldn't expect an immediate bump, but if the market goes through a rally this would definitely help it to sustain for longer.
I would also expect other apps to follow suit (such as Acorn and Stash) in order to stay competitive.
This is big news as both have an established user base, a good UI for buying and selling, and increase the average persons exposure to the crypto market. I wouldn't expect an immediate bump, but if the market goes through a rally this would definitely help it to sustain for longer.
I would also expect other apps to follow suit (such as Acorn and Stash) in order to stay competitive.
Wow I would love to be able to transfer my bitcoin and ethereum over there. Wonder how that will work.
cardano requires bitcoin to trade, and is difficult to get your money out without first converting to BTC.. until it breaks away from bitcoin i don't see why it's any better or worse.