Cryptocurrency (Bitcoin, Ethereum etc) Page 10

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  • Rhaegyr 3 Jan 2018 13:42:14 4,020 posts
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    Also - once the wallet has been created/activated is there a way to view the funds of the wallet 'online' to confirm the money's gone in? Peace of mind more than anything.
  • Mfolf 3 Jan 2018 13:53:45 1,836 posts
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    Rhaegyr wrote:
    Another stupid question from an absolute amateur - bear with me!

    If I use shapeshift to exchange Ether to Ripple (using a ripple wallet address using Ripple Wallet Pro) will this automatically 'activate' the wallet if I'm exchanging Ether for roughly 100 XRP?

    Also, bar the miner fee (0.5 XRP) will any other amount be deducted? Shapeshift mentions a minimum of 20XRP must be deposit for an unfunded wallet - is this simply a minimum requirement to 'activate' the wallet or will this amount be taken from the exchanged 100 XRP, leaving me with 80 XRP once the transaction is finished?

    Thanks!
    Just a general FYI that systemic regulatory issues aside, ignoring the lack of tangibility, the lack of government backing etc. etc. The above post perfectly sums up the reasons why this is a loooonnngggg way away from being an established alternative currency. And you are essentially all just investing in meme jpegs at this point. Not a criticism of Rhaegyr Just your post perfectly summed up how bloody messy all of this is.
  • ZuluHero 3 Jan 2018 13:58:29 6,105 posts
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    And lol "absolute amateur". I didn't understand any of what he wrote so I wonder what that makes me?
  • Rhaegyr 3 Jan 2018 14:17:32 4,020 posts
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    @Mfolf

    I agree wholeheartedly with your post - I'm simply looking to get lucky.

    I assume I'm like a fair few people who were interested/watched Bitcoin years ago when it was worth peanuts and now massively regret not buying a bit of it.

    Can't see lightning striking twice but I'd hate to miss out a second time so for £100 I'm thinking along the lines of "Why not?".

    It's just so confusing to a newcomer!
  • monkehhh 3 Jan 2018 14:26:24 4,767 posts
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    @Rhaegyr you will get the full 100 (minus the 0.5 fee) in your wallet, you just can't put less than ~20 in to a wallet to activate it. Anyone can check the balance of any wallet if they know the address - use a site like https://bithomp.com/explorer/ - just keep your secret key, well, secret!
  • Rhaegyr 3 Jan 2018 14:49:14 4,020 posts
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    @monkehhh

    Thanks for the explanation, very much appreciated!
  • theincredibleaf 3 Jan 2018 15:09:24 26 posts
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    @Rhaegyr XRP could be the next lightening strike.

    A guy on Reddit (believable?) has already become a crytomillionaire when Ripple's value soared from a few cents to a high of $2.4 something (now $2.6 something).

    He had bought a large quantity when they were very low value. I think $3000 worth.

    Anyway, I believe Bitcoin is being overtaken by other cryptocurrencies.

    It's no way certain that they will succeed, but since its all speculation at this point, it may be worth spreading some throw away money amongst various crypto assets.

    A quick primer if you need it..

    I recommend getting an account at coinbase.com. Buy Ethereum with £. You can buy Bitcoin but be aware that it has high transaction fees and much slower processing times than other cryptos.

    Once you've bought your crypto of choice, get an account at an exchange..I recommend binance.com. I've got accounts with many others but feel binance are the easiest to use and least sleazy.

    Transfer your crypto from your coinbase wallet to your exchange of choice wallet.

    Then use the funds to buy a selection of cryptos.

    Find out about all available, prices, market cap (how much total value in a particular coin) etc...at either.

    coingecko.com or coinmarketcap.com

    Enjoy..May you be rich :)
  • FWB 3 Jan 2018 16:30:19 54,215 posts
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    I used Bitpanda (probably more expensive, but instant delivery) for BTC and then Bitfinex for all trades. Tho latter has suspended new accounts.

    Only invested a few hundred - started in March - but am about 10k up. Even if I lose it all, I enjoy watching the numbers going up and down.
  • ZuluHero 3 Jan 2018 16:56:49 6,105 posts
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    It all sounds really exciting but I am far too risk-averse.

    It doesn't help that many of the sites you look at look like phishing sites, one I went to even had the infinite popup and wouldn't let me leave without force closing my browser, which seems like a gamble in itself before even investing any money.

    If I had invested a few hundred and managed to grow it to 10X+ the amount I would be tapping out like crazy! :)
  • FWB 3 Jan 2018 17:01:34 54,215 posts
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    As has been said, only spend what you can afford to lose. The money I put in, I considered lost from day one so no urge to grab earnings yet. I'll do it if I can pay of me mortgage. :)

    Edited by FWB at 17:01:56 03-01-2018
  • damagedinc 3 Jan 2018 18:13:58 2,634 posts
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    So when it comes to selling my millions in cryptocurrency how easy is that and do do actually get what it's supposedly worth?
  • FWB 3 Jan 2018 18:20:47 54,215 posts
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    There are transaction fees and you should be paying tax on it. If "they" can find you.
  • LittleSparra 3 Jan 2018 18:28:39 7,369 posts
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    Have diversified a little. Happy to sit and wait now. If i lose the cash it's only a coupla games worth.
  • ZuluHero 3 Jan 2018 19:10:52 6,105 posts
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    Do you have to pay fees to maintain a wallet, like a bank account?
  • FWB 3 Jan 2018 22:35:18 54,215 posts
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    Depends on the wallet. For the currencies I have, nope. And Miota is total free... Transactions too. It also has infinite scalability.
  • Carlo 3 Jan 2018 23:40:21 19,940 posts
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    Anyone buying/mining Pirl?
  • spindizzy 3 Jan 2018 23:52:16 7,717 posts
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    FWB wrote:
    There are transaction fees and you should be paying tax on it. If "they" can find you.
    Depends which country you live in (e.g. not all countries have capital gains tax).
  • FWB 4 Jan 2018 00:03:05 54,215 posts
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    Carlo wrote:
    Anyone buying/mining Pirl?
    What makes it special?
  • Carlo 4 Jan 2018 00:05:36 19,940 posts
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    FWB wrote:
    Carlo wrote:
    Anyone buying/mining Pirl?
    What makes it special?
    Relatively new, and growing
  • FWB 4 Jan 2018 00:07:33 54,215 posts
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    Not really an answer. :) What makes the tech of interest? Who is on board with it?
  • Carlo 4 Jan 2018 00:15:03 19,940 posts
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    FWB wrote:
    Not really an answer. :) What makes the tech of interest? Who is on board with it?
    Your Google search broken or something? :)
  • FWB 4 Jan 2018 00:16:43 54,215 posts
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    No. But a reading of the site suggests very little and since you posted on here about it I'd thought I'd ask you (what people use forums for). But hey, if you don't know, just say so.
  • mal 4 Jan 2018 00:18:05 28,818 posts
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    So new it doesn't even have a website that I can find.

    Edit: I searched for 'piri cryptocurrency' and it just gave be a blog called piri investments, stock prices for ticket PIRI, and a piri piri sauce recipe.

    Edited by mal at 00:19:37 04-01-2018
  • FWB 4 Jan 2018 00:19:43 54,215 posts
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    https://pirl.io

    But a quick read doesn't suggest anything special about it.
  • Load_2.0 4 Jan 2018 01:52:21 25,936 posts
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    I have started my own crypto-currency. Will share details of how to buy shortly. Its going to be huge.

    BITCOIN is dead. My new currency is heading up and I can get some of you in on the ground floor.
  • mal 4 Jan 2018 02:03:55 28,818 posts
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    FWB wrote:
    https://pirl.io

    But a quick read doesn't suggest anything special about it.
    Oh, right it's pirl with an L, not piri with an I. Font failure.

    The code itself is a etherium fork. Dunno if they've forked the blockchain as well.
  • Rhaegyr 4 Jan 2018 09:14:52 4,020 posts
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    Another question!

    Attempted to change some Ether to XRP using Coinbase/Shapeshift (around £200).

    The transaction time expired on Shapeshift (only gives you a five minute window). Ether was returned to Coinbase after a few hours minus a transaction fee of around £8.

    As the transaction failed should this £8 be refunded or is it gone? Basically I don't want to lose £8 every time I try to change Ether to XRP and it fails due to network congestion.

    If I can't get it back can anyone recommend another way of changing Eth to XRP?

    Thanks!
  • ZuluHero 4 Jan 2018 09:20:50 6,105 posts
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    @Load_2.0

    LOADCOIN?

    ;)

    Edited by ZuluHero at 10:41:56 04-01-2018
  • Rhaegyr 4 Jan 2018 09:44:50 4,020 posts
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    Scratch my above point - that initial £8 was a fee for actually buying the Ether initially. Still, it took out 0.004 Ether for the failed conversion on shapeshift (about £2.80).
  • neilka 4 Jan 2018 10:00:58 20,789 posts
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    Loadcoin is a bubble
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