Passive Income from Crypto

Lbluehalk on 30/11/2017 - 12:35
Last edited 01/12/2017 - 18:04 by 1 other user

Hi Guys,

I am new to this cryptocurrency business and would like to get your opinions on how to earn passive income from booming crypto market.

Things that I have tried so far.

Mining (I have only one AMD R9 280x GPU in my gaming PC).

  1. Attempted to solo mine few coins (Unsuccessful)
  2. Selling my hashing power to nicehash.com (I was only making $1-$2 worth of BTC a day).

Buy/Sale crypto:

  1. Bought few coins for short term gains. Turns out, I was buying them when they were on highs and was selling low after getting fear of loss.
  2. Bought few more coins (NEO, GAS, OMG, GOLEM, POWR, SC, NEM, MaidSafeCoin) for long term, but from the looks of it. I will end up in loss as they don't seem to be moving much.
  3. Everyone advised me to only put in the amount which I am ready to lose, as such I have invested about $3000 on BTC at $10000 AUD price, and only have invested about $500 worth on above altcoins.

So far, I have made a loss.

Any suggestion or advise on how I can turn this in profit or low passive income.

Financial

Comments

    • idonotknowwhy on 01/12/2017 - 18:21
      +2

      Yeah, it's like reddit, but full of "Very interesting post! Followed you, follow me!"

      • holoz0r on 01/12/2017 - 22:31
        +2

        They're the shit posters. :D

  • owli on 30/11/2017 - 23:18
    +13

    You invest $3,500 and waited two weeks, what kind of return is your goal?

    • Other on 01/12/2017 - 21:20
      +4

      50% ?

  • lnq on 01/12/2017 - 06:37
    +1

    I advised ppl buy bitcoin when the price 1000$! But they think it too high! To invest you need to have patient and trust!!

    • ely on 01/12/2017 - 10:54
      +28

      "Invest?" I think you misspelled "gamble" :D

        • ely on 01/12/2017 - 13:31
          +12

          Red or black on roulette is a "calculated gamble" as well, so you consider that an investment as well do you?

          Most crypto currencies have a medium term value of zero. Most stocks have a non-zero medium term value. A diversified portfolio of stocks is almost certainly going to be worth something in the medium term. A diversified portfolio of crypto currencies is almost certainly going to be worth somewhere between zero and (profanity) all in the medium term, you're just relying on greater fools to come along so that you can sell out before then - it's a gamble that you can profit and cash out before that happens, or a gamble that you pick one of the handful of eventual winners and that that's enough to offset the total losses you'll experience in most places.

        • ely on 01/12/2017 - 15:54
          -1

          @lnq: I find myself totally convinced by your compelling response :D I hope that you're one of the lucky ones that win your gamble.

        • ely on 01/12/2017 - 16:26
          +5

          @lnq: No one lost money? You're living in a dreamworld :D Currently 15% off the most recent high, there are many that have lost money at the present point in time; over the course of the ups and down there are many others that have lost as well.

          Bitcoin looks like a strong contender to be one of the eventual winners (hence the current price), so I would say your chances of not losing everything are probably comparable to the roulette example, maybe 50% odds of not losing everything - which is not to say you'll make any money even if you don't lose it, the eventual value could still settle well below where it is now.

          Best of luck my gambling buddy.

        • lnq on 01/12/2017 - 16:31

          @ely: i guess it is not for the faint-hearted, if they hold on to it longer they will be rich haha.

        • ely on 01/12/2017 - 16:31
          +3

          @lnq: Rich… or (much more likely) broke.

        • lnq on 01/12/2017 - 16:32

          @ely: broke because of buying bitcoin? that is weird!

        • lnq on 01/12/2017 - 16:35

          @lnq: it is currency, you just exchange from one to another, like AUD to JPY or USD, all currency having fluctuation up and down, that all. dont tell me it is a gamble to exchange to foreigner currency too :D

        • ely on 01/12/2017 - 16:36
          +1

          @lnq: Broke, because thinking gambling is investment is likely to end in being broke :D

        • lnq on 01/12/2017 - 16:38
          -3

          @ely: blah, your thinking doesnt make any senses at all :)

        • lnq on 01/12/2017 - 16:40

          @lnq: bitcoin is already adopted to million of people, it is borderless and limitless currency! think it is non-goverment currency available today! a new freedom bitcoin country if you will.

        • ely on 01/12/2017 - 16:46
          +1

          @lnq: I'd classify forex trading with the intent of making money to be pretty much gambling as well, but again, most non crypto currencies are unlikely to end up with a zero value vs most crypto currencies that will, so even though forex trading is crazy (even more so if you're stupid enough to do it through the many places that try to lure you in with massive leverage offerings) it's not as crazy as thinking of crypto as an investment.

          On the plus side, if you're just buying crypto currencies in the hope that they go up then your maximum loss is 100%, which is better than some things out there.

        • lnq on 01/12/2017 - 16:47

          @ely: so tell me something else better to buy that double value in a year?
          and i agree leverage is a gamble, because you put the bet on it.

        • ely on 01/12/2017 - 16:52

          @lnq: I already told you, roulette. It's easy, just keep picking the winners, you can double your money in a day! Even faster than crypto and even easier.

        • lnq on 01/12/2017 - 16:54
          +1

          @ely: look like you still dont understand what bitcoin is, i suggest spend sometime study it, youtube is the easy one. sorry i am out of my time here, this is not the chat channel :)

        • ely on 01/12/2017 - 16:56
          +2

          @lnq: Looks like you still don't understand what crypto currencies are, or statistics :D

          Well over 1000 coins now, a few will end up having any value (possibly lots and lots of value), while most will end up being worthless once it settles down. Your odds of picking the winner are far worse than picking the right number on a roulette wheel.

          But hey, people do get that number right sometimes and it's possible that you will with your crypto bets too. Good luck!

        • Harold Halfprice on 01/12/2017 - 18:58
          +1

          @lnq:

          uhh… of course trading currency is a gamble? what do you think it is?

          you can lose money or make money by trading currency. neither is guaranteed or certain.

        • lnq on 01/12/2017 - 21:43
          -5

          @ILikeBargenz: okay it is gamble. And please dont trade it or you will lose all. Lol… and when travel oversea, pls keep AUD dont exchange to foreign money, because it is too gamble to do so, haha.

        • Harold Halfprice on 01/12/2017 - 21:58
          +3

          @lnq:

          Trading currency for the purpose of turning a profit due the the fluctuations is not the same as exchanging a bit of money for a holiday.

          Surely you understand that - I mean, it's a fairly basic concept. You're not gonna lose all your money overnight trading currency, but you're not gonna double it overnight either. Currency trading deals with small percentages, you might gain 0.5, 1 or 2%, or you might lose 1 or 2% of your investment. Just because you won't lose it ALL doesn't mean there's no risk.

        • Fobsessive on 02/12/2017 - 01:42
          +1

          @lnq: Your grammar doesn't make sense

        • lnq on 02/12/2017 - 07:41

          @Fobsessive: because i am not native english speakker…

        • Thenarrator on 02/12/2017 - 22:21

          @ely: "most crypto have a medium term value of zero" well blockchain has uses irl so its not zero?

        • ely on 03/12/2017 - 08:10

          @Thenarrator: the blockchain is not a currency, so the uses of the blockchain have no bearing on whether any individual crypto currency has value.

          Basically, there has been an explosion of currencies which are competing with each other; there will be a contraction again, with a few surviving and almost all gone again. Picking those winners now is like playing roulette.

        • lnq on 03/12/2017 - 12:45

          @ely: paper (money) is also not currency too, but when someone accept it as a currency, suddenly it have the value to exchange isn't it? :) so if someone accept to pay 15,000$ for a bitcoin, you can say that person crazy, but hey, who care, i want to have that money :)

          do you know what diffrent between bitcoin and bank note?
          - paper money we use today, the value is determined by central bank who print it.
          - but bitcoin, the value defined by the market, the people who use it.

        • ely on 03/12/2017 - 14:15
          +1

          @lnq: you almost get it, just not quite :)

          I think that, of the 1000+ crypto currencies out there, we will end up with only a few, maybe only one or two. All the rest, nobody will pay for and they'll be worthless.

          Also, you have no idea how currencies are valued if you think that the central bank sets the value of a currency 🤣. Just like crypto currencies they're traded and the market sets the values of currencies relative to each other. They're not as different as you think.

        • aerona on 03/12/2017 - 18:36

          @ely:
          You're actually gambling holding the AUD currency. Good luck with your gambling goals buddy.
          Saying that, i just realized you're actually gambling walking outside your house everyday too right? the sun is harsh didn't you know? The rise in blood pressure can cause you an aneurysm. That's if you even got anything to be effected up there??

          You've either lost alot of money in crypto or have become jaded and developed some cognitive dissonance towards the whole thing. But that's okay, Its not for you. Perhaps when it gains worldwide adoption. Perhaps you may decide come back and consider. Buy high and sell low?

        • lnq on 03/12/2017 - 19:03

          @aerona: i think ely will understand it, but it will take times… I have the hard time to explain it to my family members as well… bitcoin is more than just the money, it is the revolution against the tyrant… someday you will understand it.

        • lnq on 03/12/2017 - 21:06

          @ely: Ely! or anyone who want to learn about money. Please save a little time to watch this education about money: https://youtu.be/DyV0OfU3-FU

        • aerona on 03/12/2017 - 22:55

          @lnq:

          Some people don't realize but our own federal government has invested in crypto. Research Malcolm Turmball and power ledger solar

        • ely on 03/12/2017 - 23:27
          +2

          @aerona: Oh, I get it, but I don't think you do. "Perhaps when it gains worldwide adoption" is what I'm talking about; you think that all of them are going to be successful? I think the idea in general has value, and that a few will go on to be massive (I'm sure you both agree)… and the rest will be gone.

          It's not that complicated but it seems to be slipping past the understanding of lnq and apparently yourself, as you're busy trying to talk up the idea of cryptocurrencies in general (which I agree is important and valuable), while totally missing what I'm actually saying ¯\_(ツ)_/¯

          Regarding the rest of your confusing mishmash, you're welcome to try to define everything as a gamble and therefore that everything is equivalently risky, but I don't think you can be stupid enough to actually believe that. Although it doesn't seem like there's much "up there", so perhaps you do.

          @lnq, based on your misunderstanding about central banks, I'm pretty certain you don't have a clue about money and so I'm reluctant to read anything that you consider to be good advice about it :D

        • aerona on 03/12/2017 - 23:51

          @ely:

          Look, I'm not argue here. Inq initially just propose he tried to influence people to buy bitcoin at $1000 and you bit his head for it. I am not sure if you are knowledgeable in this area but I truly wonder if you know the basics btc before debating.

          but it seems to be slipping past the understanding of lnq and apparently yourself

          Here you say crypto is bad but now you're admitting it's going to have worldwide adoption which is it…..? What's your opinion of holding just bitcoin as oppose to the other coins? I agree it does have its odds and it could actually be considered a small gamble but you are trying to paint cryptocurrency in some bad light. You don't really show any arguments too other than just calling it a gamble and not specifying why exactly?

          Sorry on my phone

        • aerom on 04/12/2017 - 10:42

          @lnq:
          In that sense it is a currency. But then again the speculation frenzy and the mania to hoard just to exchange to other offline currencies suggests it is highly dependent on the ability to exchange. If that is restricted or somehow controlled all this can easily come down (one of the many other ways)

  • JIMB0 on 01/12/2017 - 06:57
    +9

    If only I had a time machine I could go back and buy tulips when they were cheap.

  • h0mbre on 01/12/2017 - 07:45
    +4

    Buy and hold the coins you think have a future.

    Crypto is enticing a new wave of investors who are expecting to get rich overnight and don't have the patience or gumption to endure swings.

    Unfortunately these new investors often do not even know what they're investing in nor do they care, which is fine, but please do your due diligence because there is a lot of FUD and BS out there, lots of scams etc.

    Any idiot can turn $500 into $2,000, you can do that with bloody fidget spinners, it doesn't make you smart.

    Buy coins with future use cases and check back on them in a year or 2.

    • murkywater on 01/12/2017 - 18:39
      +3

      Yes, best advice on this thread. Based on OPs comments in this thread I would recommend he stay far away from Crypto. He has no idea how it works + doesn't have the patience to hodl.

    • justinh93 on 02/12/2017 - 15:12

      We have soo many fidget spinners left from that fad…

  • casho on 01/12/2017 - 10:05
    +1

    POWR will be a slow grower. INS ICO looks interesting. Cardano seems to have crazy growth, I need to research why.

    • CharityCase on 01/12/2017 - 10:23
      +2

      ADA just got listed on Binance

    • [Deactivated] on 01/12/2017 - 19:52

      Slow you say? It went over 10x in 2 weeks. Pretty good if you ask me.

      • casho on 02/12/2017 - 14:06

        True, probably worded it poorly. I meant that it will be like a snowball rolling down the mountain, just keep growing and growing, as more and more companies and countries sign up to it.

  • ResPlus on 01/12/2017 - 10:10
    +3

    If you want to diversify your holdings and average down your total risk, I have some unique, one of a kind, Tulips I'd be willing to part with for Bitcoins, all mint (in the bulb, so to say), one owner, low milage, get in now before the next price rise hits the market.
    Lets start with 1 bitcoin for 1 bulb.

    • A fish on 01/12/2017 - 15:56
      -2

      "I'm old and don't want to understand new things"

      • freakatronic on 03/12/2017 - 12:55

        Or, "the more things change, the more things stay the same."

    • casho on 02/12/2017 - 14:06

      what colour will the tulip be?

  • CharityCase on 01/12/2017 - 10:25
    +3

    I've been into cryptocurrencies for a few months, the most important lesson I've learned is to HOLD YOUR MONRY, never jump too quick to a coin that just had a super run-up, never chase the highs, like never!

    • bluehalk on 01/12/2017 - 10:36

      Yes I made the same mistakes of buying when the coin were getting spiked and sold it after being disappointed.

  • Havok92 on 01/12/2017 - 10:28

    Hi bluehalk. I've been involved with cryptos since 2013. I've sent you a pm with a few tips I've learned over the years.

    • murkywater on 01/12/2017 - 18:40
      +1

      Send me some tips too please :)

      • UNO on 02/12/2017 - 19:50

        And me!

    • Dpkmax on 02/12/2017 - 10:55

      Hi @Havok92 appreciate if you could pm me few tips as well. Thanks

    • IMadeYouReadThis on 02/12/2017 - 21:08

      me three please :)

    • PopCounty on 02/12/2017 - 21:15

      Could I also request to pm me the tip. Thanks heaps.

    • diasaha on 03/12/2017 - 16:35

      Can you please pm your tips thanks.
      :-)

    • ItsMeAgro on 04/12/2017 - 12:37
      +2

      I wonder why a PM and not a reply?

      All I can think of is that Havok92 has decided OP is gullible and is going to recommend a "top secret insider deal" on a hot new ICO of his own, and doesn't want everyone to see and warn OP…

      • Havok92 on 08/12/2017 - 11:03

        Hey Agro, just saw this now. I'm no shill. I just prefer one on one conversations.

    • Havok92 on 08/12/2017 - 11:08

      Hey guys, just saw your messages now. I won't give any financial advice, but I will throw together a bit of a guide so you can all trade with more peace of mind. Give me a couple days as I'm a slow writer! :)

      • ekto on 04/01/2018 - 21:54

        if you can send me your tips that would be great!

  • MelCheapo on 01/12/2017 - 10:28
    +10

    You've chosen to invest in an entirely unregulated market. Most traders who simply invest in a market and just follow trends at least have the protection of using a regulated market like the ASX. Those who generally do poorly in the long run are those who dont understand what they are investing in. Bitcoin for instance has a maximum of 21,000,000 bitcoins, no one knows what this will do as it gets closer to the cap, lots of speculation, but no one knows, there is no stability to the market and it is fiat currency, it has no intrinsic value. A few national currencies are fiat now, but by not backing your currency with, for instance gold, you run a lot of risk if growth begins to fail. Further, most governments hate the anonymous nature of crypto-currency as they can't tax it, you need to follow regulation about crypto-currencies about the world and ask how long before they move against it, or how fast will they move towards one that they can tax and locally regulate with ease. China for instance cracked down on ICO's recently.

    Once you work a market hard with your time, effort, good research and luck, then you might have enough for a notable passive income, until then consider investing in something you understand or that is slower growth with radically safer returns.

    My strongest advice is compare your investment efforts with what you would have got with a long-term savings account, which only sit around 3%, if you're not beating 3% then just accept you need to do more study/work and consider long-term savings for a while. The ASX have an excellent game where you can buy and sell in an imaginary stock market that mirrors the real one, its perfect investment training when combined with a little study.

    Without a deep understanding of international currency markets and the code and theory behind block chains and how it is evolving, you're just gambling, not investing.

    • lnq on 01/12/2017 - 12:21
      +4

      you sound like a financial adviser :) old fashion way, i guess you work for industry do you?

      • MelCheapo on 01/12/2017 - 13:56
        +7

        Heh, all I'll say is:

        The advice provided is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. If any products are detailed on this website, you should obtain a Product Disclosure Statement relating to the products and consider its contents before making any decisions. Where quoted, past performance is not indicative of future performance.

        I disclaim all and any guarantees, undertakings and warranties, expressed or implied, and shall not be liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or consequential loss or damage) arising out of or in connection with any use or reliance on the information or advice on this site. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information is no substitute for financial advice.

        • Other on 01/12/2017 - 21:25
          +11

          I think you are saying go all in on bitcoin?

        • freakatronic on 03/12/2017 - 12:57
          +1

          @luciferaust: I tried to read what Melcheapo wrote but I couldn't see anything except Lamborghinis on the moon.

  • jhmtaylor on 01/12/2017 - 10:36
    +14

    I have been investing for over 30 years and have learned a lot, the expensive way. It is my view that buying Bitcoin is not investing because there are no fundamentals and there is nothing to analyse. It should be correctly called speculating or gambling.

    Another point I would like to make in relation to this following comment "Just sold all the altcoins except GAS and POWR, they are in red since the time I bought so I would be at loss if I sell them now." Whether you sell them or not they are still a loss. Serious investors understand the emotions involved in this type logic and keep it in check. If you are really successful investor 7/10 investments will make money, 3/10 will lose money. Accept the fact when you invest individual loses are part of what you are doing. Cut your losses early, if circumstances change you can always buy back in.

    The key to investing success is to keep the number and amount of losses small. Of the other 7 one or two will typically do really well and the other 5 about average.
    I wont comment on speculating because I can't do it successfully without watching a screen for long periods of time and that is not how I want to live my life.

  • Tech5 on 01/12/2017 - 10:45
    +3

    Just remember if you make a profit, you are usually just lucky, so don't let that make you cocky and end up losing you all of it

  • bluehalk on 01/12/2017 - 10:53

    Thank you guys for your advice.

    My initial objective for this forum topic was to understand ways of setting up passive income in crypto market.

    Investing and trading: Investing is one thing and does require some time to research. From the mistakes I have made I understand I am new to this and will take some learning for it to be profitable.

    Mining: Setting up a miner would have been ideal passive setup, but it is not profitable anymore.

    Masternodes: As @idonotknowwhy pointed out, setting up masternodes is another alternative for passive setup.

    Are there any other passive setups one can do?

    Is staking your coins same as masternode setup?

    • owli on 01/12/2017 - 17:11

      You can lend your USD to crypto traders, look at the USD rates here https://cryptolend.net/rates.html
      You will not be subject to the swings of crypto but you will be at risk of the exchange either getting hacked or the alphabet police take it down like btc-e.com

      Also, do not get fooled by the ponzi's going around jumping on the crypto hype train like bitconnect, usi tech etc etc.

    • idonotknowwhy on 01/12/2017 - 18:26

      Staking works differently. It's more like mining, in that you can turn it off and back on again without losing your place in the queue.

      I don't like staking to be honest, because only shitcoins seem to do it. You'll be waiting weeks to get a payout (on average) and you'll be tempted to hold the coins when they're about to be dumped because you've already invested in running the wallet 24/7 and staking the coins. The good thing about staking is, you can do it on your laptop, raspberry pi, whatever and it doesn't matter if you have downtime.

      Proof Of Stake (POS) to me, seems like a bit of a scam to rigged to get the early investors rich. They usually start with Proof Of Work (PoW), and to POS down the track, once they're accumulated enough coins.

      Master nodes are generally more profitable, but you need to have them running stable 24/7. If your node drops off, you go to the back of the queue for a payment. With masternodes, it's more like you're being paid for anonymity people's transactions. Your masternodes also permit you to vote on issues (distributed governance).

    • ItsMeAgro on 04/12/2017 - 12:44
      +2

      The real answer is that your whole idea that crypto is an easy way to get a passive income is entirely wrong.

      Some of us have made some money buy buying coins and waiting for them to appreciate; that's risky investing, not a passive income stream.

      (Even mining, when it was profitable, wasn't really passive income).

  • Thundaja on 01/12/2017 - 11:10
    +1

    A few general things to remember:

    1. You will only ever make a loss if you sell.
    If one of your coins drops below your initial investment, DO NOT SELL. Don’t be scared. Many people got spooked when the whole China/Bitcoin fiasco happened a little while ago and sold off when the value crashed. Now look at where it is. As other people have said above: you can use it as an opportunity to buy a little more.

    2. Never EVER buy more crypto than you can afford to lose.
    If you had $50 in your wallet that you lost, would still be financially secure? If yes, then feel free to invest that $50. Likewise, if the value of one crypto dropped to zero tomorrow, would you still be financially secure? See #3.

    3. Diversify, but not too much if you are a beginner.
    Looking at your original post, you are starting out, but bought into WAY too many coins initially. Get comfortable buying/selling/tracking 1-2 currencies (3 max), and then branch out. For most people, this is usually some combo of Bitcoin/Etherium/Litecoin.

    4. Have a plan + Remember that wins AND losses are a part of investing.
    Make sure you have a plan on how you will deal with losses. Always consider your own financial situation and security. While #1 said that you will only have loses if you sell, if you have a lot to lose (you shouldn’t be in this position to begin with), then take steps to minimise the loss now if it could adversely affect you and/or your quality of life. Be careful of the line between investing and gambling when it comes to Crypto - especially if you are after a passive income.

    Please take the above as opinion and not financial advice. Proceed at your own risk.

    • Zarcady on 01/12/2017 - 11:37

      You will only make a loss if you sell but its better to cut your losses as well. Plenty of coins stagnate from their initial pump and dump and may never recover. Unless you are prepared to wait 1 or 2 years for it to have another run, might be better to make your gains elsewhere.

    • mskeggs on 01/12/2017 - 11:45
      +9

      "You will only ever make a loss if you sell."

      Tell that to shareholders of TEN, ARI and a myriad of other bubble investments.
      I continue to personally hold my Worldcom stock I received when I worked there. It has been worth $0 for more than a decade. I think it is reasonable to conclude it is unlikely to return to the price I paid for it.

      • [Deactivated] on 01/12/2017 - 23:29

        And don't forget MUS. And in my case I got MYR at IPO, still holding tight like a python, waiting Mr Lew as my-r savior.

  • pileofsticks97 on 01/12/2017 - 11:36
    +2

    So you buy $3000 of BTC at roughly $10k
    That rises to 13000+
    So you make 30%, now your BTC is worth $3900
    Even if your alts went to 0 you'd still have $400 profit???

  • jsediv on 01/12/2017 - 11:41
    +3

    Don't expect to make gains in a week. Just hold the coins and forget about them for a few years.

  • vetopower on 01/12/2017 - 11:48
    -2

    Dear OP

    It appears you are in the market for high risk investments.

    Therefore you should send all your money to me.

    I may or may not pay you back with 1000% profit sometime in the future.

    Excellent potential return with a similar level of risk as investing in bitcoin.

    PM for my bank details.

    Do not miss out on this excellent investment opportunity.

  • ELH05 on 01/12/2017 - 11:56
    +1

    What does everyone think about Ripple ? It doesn't seem to do anything much, but is it one to buy and forget about ?

    • IMadeYouReadThis on 01/12/2017 - 13:59
      +1

      What does everyone think about Ripple ?

      I am also looking at it very closely

    • jameso on 01/12/2017 - 14:09
      +2

      I bought some Ripple @ 0.23 and 0.31. I categorise myself as a long term investor, so fingers crossed the value will rise with time.

      • IMadeYouReadThis on 01/12/2017 - 14:21

        I bought some Ripple @ 0.23 and 0.30

        After the recent crash (well mini crash) its still at around .25 USD so not too bad for someone who wants to get in now.

        Do you mind telling how did you buy them? I am coinbase and they don't sell Ripple!

        (you could PM if you like)

        • jameso on 01/12/2017 - 14:38
          +3

          https://www.btcmarkets.net

        • Captain M on 01/12/2017 - 16:07

          I use https://bittrex.com. Their fees are small compared to other exchanges. They are based in US and anyone can setup an account and trade.

        • UNO on 01/12/2017 - 20:05
          +1

          I use coinspot. I think ripple will do well in 2018. But thats just me.

    • bluehalk on 01/12/2017 - 14:38
      +1

      I do not think value of Ripple will increase.

      1. Massive supply of coins. When you have that many coins in market, everyone has boatload of them. As soon as the price increases, lot of people sale theirs in thousands bringing the price down to where it was.

      2. Great network, not so great coin. The network is so great that lot of financial firms have announced they will be using ripple network (Amex, VISA, and some other US bank I can't remember), but all of them also announced they will not be using Ripple token, just the network.

      But my main concern is massive number of coins for ripple. Take a look at Doge coin, same issue with massive supply.

      • [Deactivated] on 02/12/2017 - 00:16
        +1

        ripple are going to put 50% of their market cap into Escrow.
        They just signed up with Amex. They are signing new banks every day. SBU bank in Japan has announced that after their recent trials that ripple is saving them roughly 60% on transaction costs.

        Santander is now using Ripple to move money between Europe and the USA.

        Ripple is a slow grower, but at 34 cents or w/e it's at now, it's a good buy.
        Throw 5k in there and forget about it. In a few years it could be worth a shitload.

    • jsediv on 01/12/2017 - 17:25
      +3

      50% bitcoin, 20% ETH, 15% NEO, 15% POWR.

      Leave it for 5-10 years

  • Dominic on 01/12/2017 - 12:21

    Buy the rumour. Sell the news.

  • idonotknowwhy on 01/12/2017 - 12:46
    -1

    you're more likely to lose money buying shares than crypto imo.
    The wealthy control and manipulate the stock market. Crypto is global, decentralised and available to anyone. You don't have to be a "sophisticated investor" to get involved.

  • xuqi on 01/12/2017 - 13:09
    +8

    I still have ~43 BTC from way back in 2012 when I mined them at work. Didn't think much of them until I heard the news they'd passed the $3K mark, but given how little they cost me to mine I'm going to hold on to them.

    • dylanando on 01/12/2017 - 14:11
      +1

      you must be one happy man :P, Congrats though

    • rgr on 01/12/2017 - 14:13
      +4

      holy shit, you're loadedddddddddd

    • IMadeYouReadThis on 01/12/2017 - 14:22

      I still have ~43 BTC

      Nice! What are your expectations?

      • xuqi on 01/12/2017 - 14:38

        I didn't/don't have any so planning to hold on to them for now.

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