Deep Web/Bitcoin Mining

[Vedubin01]

pretty old thread but, how is everyone doing these days where bitcoin is upwards of $4600 and other coins doing well like Eth and LC.

[xAZxE30x]

My brother and I turned $2,000 Into $19,700 a few weeks back on the 0x ICO. Got out at the perfect time as it tanked shortly after

[Wschnitz]

These last few weeks are a pretty good example of why it will never be a viable currency.

[slammin.e28]

So....we gonna pop $10k....

Man shoulda got in back in aught-twelve....

[decay]

So....we gonna pop $10k....

Man shoulda got in back in aught-twelve....

tried to tell y'all

[cale]

These last few weeks are a pretty good example of why it will never be a viable currency.

It's also a great example of why any good portfolio should heavily favor medium risk investments, but also have a certain amount allocated for risky endeavors you're not afraid to lose.

[Vincent Brick]

I really wish I could make sense of this stuff, I have money I would like to invest and a desperate need for income. Seems like you really need to understand both computers and investing to get in. I have yet to find anything breaking it down into layman's terms.

[cale]

Define "really need to understand computers". If you can install software and follow youtube videos, you can relatively safely purchase and secure your purchases. Learn about wallets, learn the do's and don'ts of purchasing, learn about two factor authentication and finally invest in a hardware wallet for long term safe storage.

https://www.reddit.com/r/Bitcoin/comments/6jlop4/rbitcoin_faq_newcomers_please_read/

This should provide anyone all they need to get into it. It seems like a lot of information, because it is. It's all plainly laid out, as well as easy to understand. If you still think it's too complicated and you need a computer science degree, it's because you're too lazy to read.

[pandaboo911]

I made 10k with ethereum in the last year. Thinking about mining some of the smaller tokens

I think it's pretty hard to lose money with crypto currency right now..

[slammin.e28]

I made 10k with ethereum in the last year. Thinking about mining some of the smaller tokens

I think it's pretty hard to lose money with crypto currency right now..

Yeah, I was eyeballing others coz if there's a set amount, any investment will grow as people get into it.

[Vincent Brick]

Define "really need to understand computers". If you can install software and follow youtube videos, you can relatively safely purchase and secure your purchases. Learn about wallets, learn the do's and don'ts of purchasing, learn about two factor authentication and finally invest in a hardware wallet for long term safe storage.

https://www.reddit.com/r/Bitcoin/comments/6jlop4/rbitcoin_faq_newcomers_please_read/

This should provide anyone all they need to get into it. It seems like a lot of information, because it is. It's all plainly laid out, as well as easy to understand. If you still think it's too complicated and you need a computer science degree, it's because you're too lazy to read.

I'm just not good with computers, like, at all, they are the bane of my existence. Despite 20+ years of daily computer use I can barely operate a smartphone.

I read up on Bitcoin and cryptocurrency a lot several years ago when I first heard of it, but I have some cognitive issues, so it's often hard for me to wrap my head around complex concepts. I'll check out the link that you posted. (Little bit of a harsh 'tude for a Canadian, eh?)

A stranger on Reddit gave me like 35 cents in Bitcoin several years ago while trying to explain to me how it works, I look today and it is now worth $54. If I had been smart enough to dump all of my savings into it right then I would legit be rich right now, like enough money to not really have to worry about survival ever again.

[cale]

Just FYI, I wasn't suggesting you were too lazy to read what I'd provide, but speaking generally that people often make excuses for things they don't take the time to learn. If you've got things holding you back, sorry for the comment, not my intent.

There are exchanges that offer to both sell, and secure your purchases if you want to go the simple route. Some of the bigger ones are trustworthy, but the bigger issue is not trust but security. I'd advise against using their offered wallets, but if it's all you can do I suggest small so if it goes bad it's not the end of the world.

Hindsight, it's a bitch. Check out the story of two btc owners agreeing on the sale of two pizzas back in 2010. 10,000btc for two pizzas, equivalent to over $100mil as of today.

[Rsully70sev]

Ah, my old thread. Couldn't agree more, hindsight is a bitch.

Back when I made this thread my buddy and I were mining dozens of these a month. We were beyond careless with them being that they were $30-$70 at the time.

I used to bet a lot with them since you couldn't do shit else but buy drugs at the time. I'd consistently have 20+ bitcoin in play at any given time. On bullshit too like cricket, downhill skiing, Japanese basketball/baseball matches, 10 game MLB parlays, etc. Looking back I can't believe I bet $50,000 on a Dota match between USA & China.

Still have a couple, but definitely could have been a millionaire right now.

[slammin.e28]

Holy shit. Logged in this morning to 11,300.

I've made ~$15 in two days lol.

[Joe G]

I got into BTC, LTC and ETH about 6 weeks ago, just shy of doubling my money as of this morning. Not too shabby.

I believe that crypto is going to become a powerhouse in emerging markets and/or those where fiat currency has become hyper inflated and/or destabilized. I was just reading the other day about migrants from African nations are sending more crypto home than any other currency. Venezuelans are adopting it as well.

Regarding the long term viability of crypto, I think we're just at the tip of the iceberg (similar to the internet in '98ish).