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+--- Thread: Cryptocurrency : BitCoins and whatever coins out there (/Thread-Cryptocurrency-BitCoins-and-whatever-coins-out-there)
RE: Cryptocurrency : BitCoins and whatever coins out there - youssefbasha - 11-17-2018
Wow 112 BTC is a big thing which means 616000$ and 11088000 pounds in my country.
For real, i can't find a trusted site to mine btc with it.
RE: Cryptocurrency : BitCoins and whatever coins out there - sagher - 11-17-2018
Your friend is little bit late because BTC getting down since last 10 to 15 months. and the other thing is cryptocurrency is a bling business just like poker. even you have mining machine. S4 or S6 something like that. and the most valuable thing is LUCK. my experience is not good at all. even i try many opportunities.
RE: Cryptocurrency : BitCoins and whatever coins out there - rudra - 11-17-2018
(11-17-2018, 08:25 AM)youssefbasha Wrote: .....For real, i can't find a trusted site to mine btc with it.
btc mining has become an extremely tough job. only viable on specialised mining rigs. so you better stop dreaming that dream dear and get on with life.
RE: Cryptocurrency : BitCoins and whatever coins out there - xdude - 11-17-2018
(11-17-2018, 11:56 AM)rudra Wrote: btc mining has become an extremely tough job. only viable on specialised mining rigs. so you better stop dreaming that dream dear and get on with life.
Here's a list of known people who become very rich by dealing BitCoins. I don't think all of they got rich by mining. because those who mined coined sold their coins when it stat hitting 100+ usd. Nobody thought it would pass 10,000 usd mark. These guys are smart guys who were able to make a buck by investing and making a profit in right time. Not my content so I ll put it in tags.
Quote:7. Yifu Guo – $5 million
NYU student Yifu Guo engineered the first Bitcoin miner. In 2012 he founded Avalon, the first Bitcoin mining company. The miners produced by Avalon got so popular that they were being sold as soon as they were released at a much higher price.
Soon Guo left Avalon, and many companies started to build and sell mining rigs, but effectively he was the first one to do it and was the first one to become a millionaire by building these miners.
6. Winklevoss Twins – $11 Million
These twin brothers became notorious after their infamous legal battle with Mark Zuckerberg. Having said that, they have now launched several successful ventures. In fact, their combined net worth is $400 million.
But how have they earned their $11 million with Bitcoin? In 2013, they invested a huge amount in BitInstant Bitcoin. After this, they founded the Winkdex, a company that tracks the average price of Bitcoin. In 2015, the twin brothers opened their first Bitcoin exchange in Gemini.
5. Tony Gallippi – $20 Million
The company Bitpay, founded by Tony Gallippi, was the first company that created a Bitcoin payment processor. Nowadays, it processes $1 million worth of payments each day. Bitpay is also known to be the first company to have agreements with major retailers.
4. Jered Kenna – $30 Million
Jered Kenna started to invest in Bitcoin when the value of one Bitcoin was only 20 cents. He started with quite a large amount of money, and he saw the result in several years. He launched several ventures too: Tradehill was his first company – an anonymous Bitcoindark mining pool.
He now owns a craft brewery in Colombia and 20 mission collaborative workspaces for entrepreneurs in San Francisco.
3. Dave Carlson – $35 Million
Dave Carlson founded the MegaBigPower mining company right from his house basement. He reported that he was making $8 million per month in 2016.
2. Charlie Shrem – $45 Million
Charlie Shrem has a very interesting and controversial story of becoming a millionaire with Bitcoin. He started to acquire Bitcoins in the early stages at a very low price. When he was only 11, he founded BitInstant. The company was very successful. But in December 2014 Shrem was found guilty of money laundering in The Silk Road online black market.
In 2016, when he was released from prison, he founded Intellisys Capital, selling investment portfolios in blockchain companies.
1. Roger Ver – $52 Million
Roger Ver is known as “Bitcoin Jesus”. He is the wealthiest bitcoin millionaires(not counting FBI and Satoshi Nakamoto). Roger was already a millionaire when he got involved with Bitcoin. He makes donations to charity, and he was the first one to invest in Bitcoin Startup. He also invested in Charlie Shrem’s BitInstant. Charlie and Roger are very close friends.
RE: Cryptocurrency : BitCoins and whatever coins out there - rudra - 11-17-2018
thanks xdude. i didnt know about these awesome guys and their stories.
so Winklevoss Twins won the case against mark zukerberg. woow.
i also didnt know that fbi and satoshi nakamoto were the top owners of bitcoins.
i could not find any latest development on who satoshi nakamoto really is. except lots of articles saying cia knows.
i also thought that when ai starts to understand meaning of our conversations we will be able to use it to erase our unique fingerprint in our writings to shield us from detection through analysis of writing.
thanks for taking time to post about these awesome stories.
RE: Cryptocurrency : BitCoins and whatever coins out there - tryp4vps - 11-18-2018
(11-16-2018, 03:27 PM)TrK Wrote: ...... then i happened to have to have around 4 or 5 bitcoins on a wallet(honestly i dodn't even remember the name or address not even the email i used) but there was not that much buyers to buy bitcoins so i just left them behind and i desperately tried to find that wallet in 2017 but i failed miserably......
Oh, 4 or 5 bitcoins are still a good amount of money if you could recover them.
Lesson learnt. This story shows how important users must backup their wallets for any cryptocurrencies even if they do not worth much now.
For your case, I hope you know the default folder for the Bitcoin wallet (for Windows Vista or above).
Code:
C:\Users\YourUserName\Appdata\Roaming\BitcoinThis should be the first place you try to locate.
If the folder is no longer existing, I think you should at least try re-inspecting your disk with a recovery software that can "undelete" the files you might had deleted before.
RE: Cryptocurrency : BitCoins and whatever coins out there - xdude - 11-18-2018
@sagher
When he cashed his coins price was around 6000 usd per coin I think. This was like year ago I don't remember exactly when. But I know He got more than a half a million from those coins. I was happy for him since that was the ticket to sort out all of his financial problems and kicking my self for not mining few coins when he used to pestering me about it. lol
@rudra
in 2013 FBI raid the infamous online drug market Silk Road. They grabbed 144,336 bitcoins from that which later sold for nearly 50 million usd those days. FBI should had kept those coins for several more years. Plus countries like North Korea and Iran use these Cryptocurrency quite heavily. Intelligence Agencies around the world use these coins too for their operations. So im pretty sure CIA has their own stash of BitCoins. loll
Today I don't think mining is worth for average user. You need ultra powerful processors and these machines need cheap electricity if you need to make any profits. Even this take at least a year to cover the costs before start seeing any profit. in 2008 a coin valued lot less than a dollar so could mine a bitcoin within days or weeks. It was not taken as enough even those days. Mining is not easy reason of these coins popularity. Today the only way to make a profit is carefully investing on them. It's pretty much like Stock Market or Currency Market. Someone looses and Someone gains.
RE: Cryptocurrency : BitCoins and whatever coins out there - sagher - 11-19-2018
So what is the positive conclusion for all of those above discussion???
are you just gave us a news or a pioneer for us to enter into a BTC world??
I know happiness is a good thing but it will be real if all of us awarded with high amount of BTC's in our accounts. so give us a positive opportunity to get it. otherwise don't stretch this thread and don't make it's taste like KFC zinger burger. LOLxx
RE: Cryptocurrency : BitCoins and whatever coins out there - Lampard - 11-19-2018
BTC has been crashing so badly since few months. Where it is now, and it also became stable for more than 2 months at 6K USD, now it has went even more down. Almost one year ago it crossed around 20K USD however it looks that BTC is nowhere near 20K USD at this time.
RE: Cryptocurrency : BitCoins and whatever coins out there - xdude - 11-19-2018
Positive side is There is always bright future for Cryptocurrency. Sooner or later even Governments will start implementing these. But as an investment it's highly volatile just like Forex market. If you are to invest in this and make a real profit then you need to research about each coin as well as stay updated about market news. You can't do much about BitCoins so need to look at AltCoins and see which are promising. Also look at new coin types and try to understand which one has a real future. That's the main reason why I made this tread. Well it doesn't look we have people who are into Cryptocurrency here. If there are, then they are not talking! lol.
BitCoins sudden jump to 20k usd was pretty much artificial things. It happened because the same bad stock market technique called pump and dump. But guys decided to profit out of people who rush to buy coins when they saw the Sudden spike in value. Till then BitCoins were slowly but steady gaining value. So it will keep decreasing till it's real value. Then it will start going up slowly but steadily.