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Showing 20 of 33 results by 1101labu
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Topic
Board Speculation (Altcoins)
Re: How to start investing with 1$?
by
1101labu
on 14/11/2017, 10:55:38 UTC
One dollar? Damn and I thought that I didn't have enough capital to invest. Dude, with one dollar you ain't doing anything - the fees that are charged from exchanges usually take 1-2 dollars, which mean you are likely to be indebted by 100% if you try to "invest" that one dollar. Please try to get some more money and put it then into crypto.. one dollars makes no sense.
One dollar is not even enough to pay the current bitcoin fees, it seems some people have a completely mistaken idea about the state of bitcoin, one dollar may have been enough right at the beginning of cryptocurrencies but now after almost 10 years if you want to make money you need to be ready to invest a good sum of money as well, one dollar is not going to cut it, in my opinion you need at least a few hundred dollars if you want to make some investments.

I don't know for sure... of course you can't pay the bitcoin fees, but in investing in really cheap alts, and with luck, maybe he could do something.
In an ideal world, I'd like to think that even people with really short income could invest in crypto and achieve some projects (maybe not to be rich, but to build something).
Plus we mustn't forget there are nowadays, even in Europa, countries where the minimum monthly income is 250 or 300$. So 1$ doesn't have the same relative value at all !! From that perspective I think we shouldn't discourage such initiatives.
Post
Topic
Board Altcoin Discussion
Re: TRON / TRX - What's the address and decimals for this coin?
by
1101labu
on 14/11/2017, 10:40:37 UTC
Hey Thanks for the Airdrop. Didn't know TRX, found your website... It seems to be a really interesting project for the promotion and distribution of artistic content through blockchain. I'm not sure yet how it works, but I'll definiteively keep an eye on it during the next months and read the whitepaper carefully. Wish you success guys !
Post
Topic
Board Speculation (Altcoins)
Re: How to start investing with 1$?
by
1101labu
on 13/11/2017, 13:55:05 UTC
1,5$ is really a short amount.... and make it 150$ in 1 year seems to me really difficult. (that's x 100, so... 10000% return on investment?)
AFAIC I would  try 2 eventual strategies :
1-  like someone said buy an apple (assuming the 1.5$ is already in the exchange), that's to say 1 unit of an alt which actual rate is between 1 and 1.5$ and wait the rate makes x2 (so +100%), sell, then wait to buy it again when it's low enough, or buy 4 units of an other kind of apple, or a peer, then wait a + 100%...
2- Or buy a bunch of srawberries or cherries for a few cents each unit (from 0.01 to 0.2) , with low caps, and whom projects, tech. features or whatever seems to have an interesting future application, or brings something new to the blockchain ecosystem (keeping in mind that like 90% of the currencies here, it's only mental projections and presumptions on what MIGHT or COULD be their future applications... so it's a gamble). Then hodl, or buy a bigger bunch of another promising one if you make some profit. And never sell in a panic movement, but only when you make profit, even if it's only 2 or 3%.

I would chose the 2d approach, but for a real experiment,  I would simultaneously try the 2 paths  to see which is the more efficient. And I don't think it can make x100 in one year, but maybe x10? But in crypto world, who knows...

So maybe 1.5$ on the first option, 1.5$ on the 2d one. To be honest, I would throw at least 10 or 20 bucks at it, to be a little more comfortable with the alts I pick up and diversify a little...
Post
Topic
Board Bitcoin Discussion
Re: Miners have full control of Bitcoin price. Nobody can trust a system like this.
by
1101labu
on 12/11/2017, 11:02:20 UTC


There is a new novel POS at work where even if you hold just one unit and stake you have a chance getting rewards.

Yeah in my country they have it also. They call it national lottery.
Post
Topic
Board Altcoin Discussion
Re: All coins are now dying, what do you think?
by
1101labu
on 12/11/2017, 10:26:42 UTC
You think investing in btc and altscoins at the same time is kind of counter productive? They seem to be like a seesaw when one goes up the other falls so by investing in both you are always taking a loss at one end?

I would theorically (yet not empirically) think the opposite : if you are patient enough, and try to hold enough to buy low and sell high, on a long term perspective it's always a win. At least as long as there is a sufficient interest in digital currencies and blockchain technology. But just my 10 cents.
Post
Topic
Board Bitcoin Discussion
Re: Who is Satoshi Nakamoto?
by
1101labu
on 11/11/2017, 09:55:08 UTC
Satoshi is Kayzer Söze
Post
Topic
Board Altcoin Discussion
Re: All coins are now dying, what do you think?
by
1101labu
on 10/11/2017, 22:26:24 UTC
S**** UP and hold  Grin
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will become the best worldwide cryptocurrency and digital payment system
by
1101labu
on 10/11/2017, 22:21:18 UTC
Why not? I think so too, but who knows? many events can happen in digital as well as "real" financial world in the next 5 years. Whatever happens, we must remember that we are now living extraordinary times of change in the way human beings are connected and interact. BTC is a part of it, and maybe a bigger part than what we're aware of.
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin money?
by
1101labu
on 09/11/2017, 10:35:54 UTC
Actually it is not money, virtual money ... which has the same importance such as money : it has a value, a huge one and it has its own markets, transactions, etc ...
But legalizing it will make it considered as an officiel currency. And why not to have a physical Bitcoin pieces nd papers.   

That's what I meant, but what is now the difference between money and virtual money, in those times where banks and financial institutions can create and emit debt from nothing? I don't bellieve a physical Bitcoin is necessary, I even think it's one of its major asset to be immaterial.

"bitcoin is new kind of money".I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.



Why? Can you please elaborate on this?
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin money?
by
1101labu
on 09/11/2017, 09:53:12 UTC

    Wikipedia says "Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment." [cited omitted]

    Webster's Online Dictionary defines money as:
    • 1. The most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us".
    • 2. Wealth reckoned in terms of money; "all his money is in real estate".
    • 3. The official currency issued by a government or national bank; "he changed his money into francs".
    • 4. A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by the sovereign authority as a medium of exchange in financial transactions between citizens and with government; also, any number of such pieces; coin.
    • 5. Any written or stamped promise, certificate, or order, as a government note, a bank note, a certificate of deposit, etc., which is payable in standard coined money and is lawfully current in lieu of it; in a comprehensive sense, any currency usually and lawfully employed in buying and selling.
    • 6. In general, wealth; property; as, he has much money in land, or in stocks; to make, or lose, money.
    [links omitted]
    [/list]

    I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.


    I tend to think that Bitcoin IS a money, in the more common and usual sense, in the sense of the wikipedia definition.
    According to the Webster's definition that gives the OP, it doesn't fill the 3d and 4th requirement to be considered as a money. But is it still relevant in the contemporary economic scheme, and after the digital revolution?  
    Post
    Topic
    Board Altcoin Discussion
    Re: bitcoin fork in december
    by
    1101labu
    on 06/11/2017, 00:39:18 UTC
    Let's travel together in the future, until the year 2056, after the 4859th Bitcoin fork.
    Bitcoin Wood2x was a real revolution in blockchain technology, and this time really succeeded to make Bitcoin decentralized again. Can you imagine? Don't even need a computer anymore to mine it, only a good old axe and average lumberjack hands. Blocksize -or logsize ( "block" is now called "log" since the Bitcoin Wood1x Fork) is approximatively 50x10cm. Please prefer oak-tree or beech for a regular and homogeneous heat diffusion. Not only ASIC, but also Chainsaw-Resistant (unlikely the Wood 1x Fork).
    When you look back in 2013, nobody heard about Bitcoin, everybody was laughing at us, calling us no-life unmature geeks. And look at us now, early and happy believers. Didn't we tell you Bitcoin was the future?
    Post
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    Board Altcoin Discussion
    Re: The Most Undervalued Coin of 2017!
    by
    1101labu
    on 05/11/2017, 23:46:14 UTC
    I think Aeon, DNT, QRL, XPM are really undervalued now.
    Post
    Topic
    Board Speculation (Altcoins)
    Re: Fantasy crypto portfolio
    by
    1101labu
    on 05/11/2017, 22:59:07 UTC
    Bookmarked ! Definitively want to follow this portfolio.
    Post
    Topic
    Board Announcements (Altcoins)
    Re: [ANN] AEON [2017-10-07: update to 0.9.14.0]
    by
    1101labu
    on 17/10/2017, 19:22:38 UTC
    Hi to all fellow aeon miners,
    if I'm not asking too much, someone could upload an updated blockchain.bin file?
    Or post a link here or pm it to me where i can download an updated file?
    Is taking me days to sync it properly.
    Thanks in advance.

    Don't really know about a blockchain to dl, but here is a list of public nodes:

    https://www.reddit.com/r/Aeon/comments/73829j/public_nodes_new_list/

    You can sync simplewallet with them.
    Post
    Topic
    Board Announcements (Altcoins)
    Re: [ANN] AEON [2017-04-23: update to 0.9.12.0]
    by
    1101labu
    on 31/07/2017, 14:17:08 UTC

    You are killing the currency with so much market instability, and all the people who bought it are losing money.

    You don't lose money as long as you don't sell... why don't you wait for an increase of the value? I'm not a trader myself, but isn't the golden rule of you all "buy low, sell high"?
    Hardly all altcoins (and at a certain point even Bitcoin) are unstable. If you want to invest in something 100% secure and stable, maybe the digital currencies market is not the best place to put your money in ?.

    Developers should:
    Post advancements
    Post News
    Placing Dates

    why should "they"? Do you pay "them" a salary , do you give them some money for that? did you sign a contract with them, with some precise engagements?

    As people are going to trust a programmer that does not have the name that according to it will get an update that is not known when, nor does it know that it has been done in the last two months ..
    two months is not so long...  Unless you really need that money right now, but if it's the case if I was you, I wouldn't put so much money that I could urgently need in the digital currencies market.
    But I'm not you, so I also have a (naive?) question : why did you buy some Aeon at the moment where it was the highest? If you lose the amount of money you're talking about, it means you bought probably end of May/beginning of June when it was the highest, around 1$. As I said, I'm not really an investor myself, but are usually investors buy at the highest ever value of a currency? Is it really a wise thing to do? Would it not have been better to wait a little to see if it's only a short peak or a constant increase? Please see no malicious intent in my question, it's just a newbie thought, maybe I miss something...
    Post
    Topic
    Board Speculation (Altcoins)
    Re: [AEON] Aeon Speculation
    by
    1101labu
    on 29/07/2017, 20:43:12 UTC
    LOL, it's been 8-10K on hitbtc for a while and will go to 6K today. on bitrex the price will hit 10K in less when a week! let's face the truth, the coin is dead, the dev abandoned it and just steals time with vague messages. if you want to exit with at least some money at all, now is a bit late, but still possible. in a month this coin would be 3-5K with no buyers at all! people who got it at 10-13K will fill like ones who bought it at 30K

    Lol our unique Aeon clown strikes again... thank you for the entertainment
    Post
    Topic
    Board Announcements (Altcoins)
    Re: [ANN] AEON [2017-04-23: update to 0.9.12.0]
    by
    1101labu
    on 26/07/2017, 19:03:58 UTC
    Hey guys !

    Have you checked SUMOKOIN ? it is a new XMR fork and it looks promising too like AEON  Grin
    https://bitcointalk.org/index.php?topic=1905086.0

    4 core devs and only 300k dollars marketcap, it may be a good coin to invest in to hedge your portfolio, I own both AEON and SUMO btw
    Devs are planning really great things on Sumokoin roadmap, give it a look

    Hope both coins will show good things in the future

    hey mate, BTW, even assuming you're acting here in good faith, here is the Aeon thread isn't it? Not Sumokoin. And we curiously often read some advertising on Sumokoin here those days just after some good old FUD about Aeon...
    So please open a new thread if you want to promote another currency in the "altcoin discussion" subforum;  it's common sense, and a lot more appropriate.
    Post
    Topic
    Board Announcements (Altcoins)
    Re: [ANN] AEON [2017-04-23: update to 0.9.12.0]
    by
    1101labu
    on 19/07/2017, 00:19:28 UTC
    I also think Aeon has a lot potential on the long term.
    Maybe it's presumptuous, but it seems to me that the majority of the members of the community is more attached to the vision behind this currency, and the achievements that will bring the future improvements, than to the daily little fluctuations and the (eventual) profits of immediate speculation.

    Smart people here  Wink makes me proud to be an Aeoner, and I hope little by little a bigger Aeowner  Grin

    By the way, the technical statements and direction given by Smooth were very clear, It's really useless and counterproductive to argue and ask about it everyday ! We shouldn't pay too much attention to the desperate trolling of a few FUDders, and the best answer should be to ignore them until they are tired of their own absurd behavior.
    Take your time, man, actually take all the time you need... Makers make, whiners whine, it's the normal course of things.
    Post
    Topic
    Board Service Announcements (Altcoins)
    Re: Steemit.com: Blogging is the new Mining
    by
    1101labu
    on 18/07/2017, 15:01:37 UTC
    Really interesting and original concept, great way to use blockchain technology... I will try to figure out how it works, and soon join the steem adventure  Smiley
    Post
    Topic
    Board Announcements (Altcoins)
    Re: [ANN] AEON [2017-04-23: update to 0.9.12.0]
    by
    1101labu
    on 13/07/2017, 19:41:26 UTC

     do you have some valid points except attacking my personality whether you like it or not?


    Well, it's not so much about your personality, I don't know you.
    But It's just that what you are saying doesn't help. Can you in concrete terms do something to fix the situation? It's an open source project, so feel free to take your responsibility and contribute if you can.
    If not, let's trust the people who can do it. No need to panic and give contradictory speeches every 2 days...