Did anyone here get on the crypto profit as well?
I was never really into mining, I did it for around a month....but in light of the huge inflation in LTC/BTC prices I watch the prices pretty close now. Looks like LTC can hit $50 now that BTC is over $1K. I have a couple LTC saved from when I was initially mining and I'm certainly glad I did, anyone else with a similar experience?
November 28, 2013
7 Comments • Newest first
What age do you have to be to get into the market. Like any market, I've never been exposed to this stuff.
@Thiefy996: That why I mined all my coins.
[quote=SoulXIV]Not many popular places accept bitcoins unless you're into the Silk Road stuff, but selling bitcoin is quite easy now and you can get cash with pretty much any method you desire.[/quote]
Speaking of Silk Road, I wonder how DPR feels about his 145,000 BTC getting seized.
I mean, those buttcoins are worth $160,000,000 now; hell with that amount, the FBI/DEA could really do some damage to BTC values by selling them all at once right now.
[quote=Thiefy996]@Yumtoast Okay, but what can I BUY with it?[/quote]
Not many popular places accept bitcoins unless you're into the Silk Road stuff, but selling bitcoin is quite easy now and you can get cash with pretty much any method you desire.
[quote=Thiefy996]I have no idea whatcha talking aboot.[/quote]
[quote=TenderCow]wth is this
i have no ideal what ur sayin[/quote]
BTC is a virtual currency that was worth less than $100 per coin a few months ago, but the value ballooned to $1,100 in a matter of weeks. It's a pretty big deal, considering it's been covered on TV news and all over the Internet; I mean, when was the last time investing $100 could make you a millionaire? Google or Apple stocks? Lotto tickets?
BTC are valued at $1,100 now. Pretty craycray since BTC were only a couple of bucks in 2009, <$50 at the beginning of this year, <$120 during the Silk Road bust, and <$140 afterwards. I would've invested years ago, but I honestly didn't and still don't have the balls to gamble on unsupported fiat money.
That imminent BTC crash will be so much fun to watch.
The support line for BTC is disgusting low-- it's had a 6000% run over this year. The support stands at a low 300-- a potential 70% drop which I wouldn't go in-- I would only go into places with support line 10-15% drop-- with a resistance that's 30% above it's normal value to gain some potential profits. BTC is going to retrace it's steps very soon, and I'm going to watch all these idiots lose a hell load of money