So, I decided to respond to this because back in 2016, I was holding a large quantity of a coin that had a low value. Then, I had an emergency come up, and thankfully, I was able sell a pretty large quantity of my holdings of this particular coin, leaving me with about 10% of the amount I originally had.  The value of the tokens that I cashed out equaled a little over $5,000.  Now, I procured these tokens without any fiat investment whatsoever, so the $5,000 was complete profit. 

So, great, I was able to use crypto to take care of an emergency expense that was almost not paid. 

Well, about 2 months later, the coin increased in value by around 15,000%.  That is, 150x the value it was originally.  This was great for the balance that I had remaining, which currently totals about $15,000 USD. 

However, when I calculated the new price against the amount of coins I had to sell to satisfy the emergency situation, I realized that I had lost out on the opportunity to become an immediate bitcoin millionaire, as the total that I missed out on was a little over $800,000.00. 
Because I had zero dollars tied up in the project, my wife was able to convince me to look at the glass "half full."  Most wives would not be so kind if their husbands lost a million bucks.  However, again, there was no real investment other than a little bit of time, so she was able to use such details to bring me out of the minor depression I found myself in after the loss.   

Personally, I would use about half of my ETH holdings and buy up all the BTC I could at 0.89. 

Even if it rebounded to a hundred bucks per BTC, the amount that most of us could buy at 0.89 would allow just about everyone with a little bit of fiat or ETH to become filthy rich at the smallest rebounding of BTC. 

Sometimes, crashed markets can hold more opportunity than a stable one can. 

With all of that said, as far as the OP comment about trading in the wife -- I would have to pass here.  My wife is amazing, beautiful, and supportive as well as any other positive adjective that could be used here.  More importantly, as far as crypto is concerned, she is very supportive of my efforts, ever since I joined the RUPEE developer team.  We were able to make improvements to the project that were so massive, the value of the coin went from $0.00001 to $0.20, give or take.  That's a huge increase, and when my wife saw that my efforts in crypto were not a waste of time, she has joined into my effort. 

Now, if the price were to appreciate to multimillions per coin, I would sell half of my holdings, invest with some of the sale profits (in other crypto, business investing, precious metals, and real estate).  Next, I would write myself a commission paycheck in the amount of $17% of the sale.  This would be the personal money that I keep off of the sale, and would be about 10,000,000, based on the figures from the OP.   

Thus, my family would be set for life, right then and there; my business would be funded appropriately; and I would be able to divest into other commodities, such as silver (mostly), gold, platinum, etc. 

I would pass on buying the island.  While the idea of having zero government and zero regulatory bodies is admittedly very tempting -- I think I would stay right here in the United States and use a share of my portions to improve the local community by starting an NGO to do so. 

The OP made a very interesting comment regarding President Trump banning Bitcoin.  It is within his rights as the President of the United States to do so, but it is unlikely that he would personally do so, as he is a huge proponent of personal choice.  However, most people do not understand the the POTUS has the ability to do things like this.  For an example, one only need look at the Executive Order issued by President F.D. Roosevelt during WWII, which served to forbid "the hoarding of gold coin, gold bullion, and gold certificates within the continental United States."  This exec. order had the effect of ordering private citizens to turn their gold over to the federal government under threat of criminal prosecution. 

Such an act by President Trump would not only be legal, it is also an action that would be difficult to challenge in court because there exists legal precedent (FDR's E.O.) that was never successfully challenged before it was rescinded after the war.  This means that such an action by the President is completely legal and well-established. 

Such fear of government intervention is the reason why myself and a group of other crypto devs are in the process of conceptualizing the Veritas Protocol, which will allow our community to self-regulate.  The project will aim to contract with other projects with the sole intent of self regulation in such a manner that we can demonstrate to the US SEC that we are completely able, active, and capable of policing ourselves.  We are in the process of negotiating with several projects, including CampusCoin.  RUPEE will also be a part of the protocol, but in full disclosure, I am part of their US-based development team.

If you are interested in getting in on the ground floor, send me a private message.  We are about to launch a crowdfunding and angel investor campaign, but there is no purchase or investment necessary to get in early as a member of the project.  We are going to have several outreach bounties, so if you cannot invest personally, there will be plenty opportunity to earn VERT tokens. 

Anyway, that is just a side note.  I will post an ANN when conceptualization becomes realization.  We are also looking for people who want to join the team.  Again, there is no investment necessary, but team members need to have technical knowledge and the willingness to spread the word.  Those who join the team will also be part of the committee that sets protocol procedures, currency changes, and other major issues involved with the token.  You will be part of the driving force that creates the final version of the Veritas Protocol.  Again, just send me a DM if interested or follow me on Twitter @rdscrypto. 

Back to the original topic, though -- the key point when it comes to increases or decreases in the value of crypto is this right here: 

Do not invest more than you are willing to lose.   


I hope that at least one person was able to use the above information in a beneficial manner. 

With Sincerest Regards,
William A. 

Hi Everyone,

I have been a member of this forum since August 2017, but I have not made that many posts, as I have been in research mode. 

So, allow me to introduce myself:

I am Will, known as "RDSCrypto" in bitcoin/altcoin exchanges and social media.  I am on the development team for RUPEE and the conceptualized Veritas Protocol, which aims to voluntarily self-regulate the crypto industry in the US before regulators destroy what we have worked so hard to build. 

We are consistently looking to bilateral partnership agreements with other altcoin projects, with the ultimate goal being a partnership with Bitcoin, LTC, and ETH aimed to come into existence by 2021. 

If there are any developers out there that would like to know more about how this project will establish a firm legal and regulatory framework for our industry, get in touch with me at rds.crypto -at- gmail.  For verification of my claim, see http://www.rupeeblockchain.org/team.  I am the next to the last person on the page, wearing a suit and tie. 

Otherwise, besides my introduction, let me get to the real reason I am posting in this section today.  I need assistance in using an 80-chip Dridseed blade 

I have decided to start a mining operation as well.  First, to do so, I understand that I need to tinker with miners, both hardware and software, so that I can understand what I need to built a large-scale commercial operation.  My electricity is free, so there is absolutely zero investment in terms of costs of electricity. 

So, my question is -- is it necessary to use the barrel plug that came with the device (or another one) to wire a large power supply to the board?  I know exactly how to do this and I have plentiful supply of high wattage power supplies that can be cannibalized and turned into a mining PS.  However, I don't really have time to disassemble, solder, and clip, so I would much rather use an alternate.  For instrance, can I simply use a laptop power supply?  I am using CGMiner 3.7.2 with Gridseed support on Windows 10.  I also have a 5-chip Gridseed orb that works flawlessly, but it came with a power supply when I bought it, so no issues there. 

Also, an important side note here -- RUPEE will be moving to Lyra2Rev2 from Scrypt in April.  Those of you who are participating in our project would be well-served to make note of the change. 

Thanks,
RDSCrypto

Any help is much appreciated, and any inquiries regarding a partnership will be responded to at my earliest convenience. 

Yes, I tried it.  They gave me 100 FACE tokens, which are sitting in my ETH wallet to this day. 

However, I'm fine with it -- I provided an anonymous identification to the verification engine and it still worked, so -- those who are worried about anonymity, you can still make up a FB profile and link together. 

I have no idea if this will be a successful project or not.  However, I tend to hold onto my ALTs for better return. 

Hi Everyone,

I had the idea to use some of my old Gridseed Orb 5-chip ASIC miners in Scrypt only mode to mine newer coins.  I have one running at 400kH/S, and I think that this could actually become profitable. 

Anyone think that there is any value in this?  Keep in mind, I was mining RUPEE with a PC and making 450 RUP/day.  That was at 4 kH/sec. 

So, it seems like the gridseed still has some uses.  My power is free, so that's not an option.   

Hey Everyone,

I may be a newbie on this site, but I am not a newbie to crypto.  I currently act as the marketing director, and I and the mind behind the upcoming MADRAS project.  I am a paralegal in real life with high technical knowledge. 

So, anyway, I am very political when it comes to bitcoin and other alts.  We have been given a bad reputation just about everywhere in the world, because central banks and governments are scared of what we can do as a decentralized network with our own store of value. 

So, combined with this type of thinking, I am also directly in the path of Hurricane Irma, which is said to be the most powerful hurricane ever.  Well, with Harvey just destroying Houston, it has been reported in the press that FEMA does not have the money to fund Irma recovery. 

This is the PERFECT opportunity to help our fellow neighbor who returns to his/her home, only to find that it is not standing.  Blockchain transactions are perfect for this, because they can be audited at any time.  Plus, the decentralized nature of crypto means that we can all give under $10 worth of BTC, ETC, or LTC and still raise a HUGE amount of money that will go directly to the victims.  No overhead costs, except for reams of paper and a laminating machine, making the total cost of overhead less than $200.  This is simply amazing, as NO charity is able to do this. 

I have set up addresses for BTC, ETH, and LTC donations.  I have the support of many people on Coinexchange.io and Twitter.  The local news is actually scheduled to interview me before and after the storm passes, as I have invited them to come and document the distribution of the funds collected. 

I'm telling you guys -- this is the PERFECT opportunity to show the world what BTC can do.  If we are able to do what the government cannot do, just imaging the implications of that. 

So, everyone, please share the following information, and of course -- every single bit will help, even if it's 30 cents -- I can get a can of beef stew and take care of one person's dinner meal for one day with just 30 cents.  So, every little bit helps. 

Twitter:  @rdscrypto
Twitter Hashtags:  #BTCforIRMA, #HurricaneIrma, #FLPrepares 

BTC:  1PcXb49PWKHjoyaJWAqThTyU3NMB1GWv78
ETH:  0xF7b52F57313Cd14860c1C84Bd4ce2145C461dE7e
LTC:  Le7N4H9yMbpK7xBMnhsvYJGaZZwetUoYX8

Thanks,
William A.

PS:  To the moderators:  If there is anything against the rules in this post, I apologize.  People's homes and lives are at risk, so please, understand that this is an extraordinary event.  Plus, the idea of crowdfunding disaster relief is a very, very, politically charged issue.  Since this is the political board, this should definitely be allowed to remain here. 

It's worth it for the power supply.  Most people complain about the power consumption, but if you are just playing around...you may see your electricity raise a few bucks a month.  This is more than you will mine, but keep in mind -- BTC has went from 2100 to 4200 in one month.