Am I too late in cryptocurrency world?

asenski

newbie

Activity: 8

Merit: 104

Quote from: iGoodw1n on January 14, 2014, 05:49:39 AM

Quote from: ?? on ??

Quote from: Raist on January 05, 2014, 06:06:59 AM

I would say in Eliott terms it is 3 wave of market forming. It will be the longest wave before the public will come on virtual market (if it will develop). As for the use of crypto currencies we and their value we are at the very beginning of a long-long history. So you can say that you are late for CPU bitcoin mining (for sure), you are late for building home-made GPU rigs (may be), also if some months ago you could raise some cash from simply making another shitcoin now you barely can do this, people are learning, slowly but learning. In point of fact if this market will continue to grow you can have a lot of different opportunities for yourself. Infrastructure noticeably increases every day. Welcome aboard your Titanic's 2 class cabin is waiting we are ready to put off. Good luck.

Actually, I am mining a very promising coin MemoryCoin, which turned out to be very GPU/ASIC resistant. I'm using 54 servers and generating about 2000 HPM (CPU ONLY!!!!!) and it's profitable.

I'm generating about 0.5BTC/day (of course I keep MemoryCoin and don't convert all of it to BTC - I like to diversify it). So that said - CPU mining is NOT over yet.

MemoryCoin can be mined on GPU already.

I know that! However, they did recent optimization just a few days ago and my CPU went from 5HPM to 15HPM. Also the power that the GPU consumes v.s. the CPU is now about equal, which is fantastic news!

iGoodw1n

sr. member

Activity: 294

Merit: 250

Quote from: ?? on ??

Quote from: Raist on January 05, 2014, 06:06:59 AM

I would say in Eliott terms it is 3 wave of market forming. It will be the longest wave before the public will come on virtual market (if it will develop). As for the use of crypto currencies we and their value we are at the very beginning of a long-long history. So you can say that you are late for CPU bitcoin mining (for sure), you are late for building home-made GPU rigs (may be), also if some months ago you could raise some cash from simply making another shitcoin now you barely can do this, people are learning, slowly but learning. In point of fact if this market will continue to grow you can have a lot of different opportunities for yourself. Infrastructure noticeably increases every day. Welcome aboard your Titanic's 2 class cabin is waiting we are ready to put off. Good luck.

Actually, I am mining a very promising coin MemoryCoin, which turned out to be very GPU/ASIC resistant. I'm using 54 servers and generating about 2000 HPM (CPU ONLY!!!!!) and it's profitable.

I'm generating about 0.5BTC/day (of course I keep MemoryCoin and don't convert all of it to BTC - I like to diversify it). So that said - CPU mining is NOT over yet.

MemoryCoin can be mined on GPU already.

jing888

newbie

Activity: 14

Merit: 0

Quote from: BitcoinFX on January 05, 2014, 11:49:37 AM

I recently saw this quote in someones forum sig. (or something similar to it anyway)

"The best day to start mining or buying crypto-currency was yesterday. The second best day is today !" Grin

Hopefully this can remain correct for a very long time.

Of course it'll remain correct for a long long time Grin

hasar

sr. member

Activity: 336

Merit: 250

Quote from: YoyodyneSystems on January 14, 2014, 05:20:55 AM

Maybe come back in a 2-4 weeks.

Looks like everything is dying right now except BTC. Exchanges are grabbing people's coins at random.
Pending withdrawals for days for hundreds of people.

The alt coins are deflating from their pumps. Check back later.
Be careful of the exchanges. I think coinedup is the only one that is run by a decent human being.
Cryptsy and BTER are dangerous right now. They put me out of commission in the span of day.

Moved coins from one that screwed me to another that screwed me when I moved them.
Never had problems this bad until now.

Something wrong is happening. Come back when the money comes back.... trust me.

When coinex went down for a week I nearly had heart attack. After that I just quickly withdraw my coins to my computer. Storing on exchange site is always risky. If you don't hold it you don't own it. True words.

YoyodyneSystems

legendary

Activity: 1386

Merit: 1023

Maybe come back in a 2-4 weeks.

Looks like everything is dying right now except BTC. Exchanges are grabbing people's coins at random.
Pending withdrawals for days for hundreds of people.

The alt coins are deflating from their pumps. Check back later.
Be careful of the exchanges. I think coinedup is the only one that is run by a decent human being.
Cryptsy and BTER are dangerous right now. They put me out of commission in the span of day.

Moved coins from one that screwed me to another that screwed me when I moved them.
Never had problems this bad until now.

Something wrong is happening. Come back when the money comes back.... trust me.

hasar

sr. member

Activity: 336

Merit: 250

Quote from: xtrm on January 14, 2014, 04:31:36 AM

Quote from: hasar on January 14, 2014, 04:25:41 AM

Looks like my giveaway collected coins are over 5 million. Hope it will be worth something one day. I can't even catch up with the giveaway.

DigiByte is the most promising alt-coin of 2014. Please do not forget to check that out https://bitcointalksearch.org/topic/digibytedgb-core-v61651-digishield-digispeed-segwit-408268

Thanks. I'm following DigiByte too.

xtrm

full member

Activity: 153

Merit: 100

Quote from: hasar on January 14, 2014, 04:25:41 AM

Looks like my giveaway collected coins are over 5 million. Hope it will be worth something one day. I can't even catch up with the giveaway.

DigiByte is the most promising alt-coin of 2014. Please do not forget to check that out https://bitcointalksearch.org/topic/digibytedgb-core-v61651-digishield-digispeed-segwit-408268

hasar

sr. member

Activity: 336

Merit: 250

Looks like my giveaway collected coins are over 5 million. Hope it will be worth something one day. I can't even catch up with the giveaway.

2bfree

sr. member

Activity: 686

Merit: 251

I'm investigating Crypto Projects

what is the evil-feds kill internet and make a new approved licensed internet with no " evil" coins allowed. Dont get me wrong i love freedom but the freedom hating rullers don't , can they do that?

hasar

sr. member

Activity: 336

Merit: 250

I downloaded too many wallets. Now my PC is nearly full. I think devs should produce light wallets like multibit.

BitcoinFX

legendary

Activity: 2646

Merit: 1720

https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF

I recently saw this quote in someones forum sig. (or something similar to it anyway)

"The best day to start mining or buying crypto-currency was yesterday. The second best day is today !" Grin

Hopefully this can remain correct for a very long time.

Raist

full member

Activity: 490

Merit: 102

I would say in Eliott terms it is 3 wave of market forming. It will be the longest wave before the public will come on virtual market (if it will develop). As for the use of crypto currencies we and their value we are at the very beginning of a long-long history. So you can say that you are late for CPU bitcoin mining (for sure), you are late for building home-made GPU rigs (may be), also if some months ago you could raise some cash from simply making another shitcoin now you barely can do this, people are learning, slowly but learning. In point of fact if this market will continue to grow you can have a lot of different opportunities for yourself. Infrastructure noticeably increases every day. Welcome aboard your Titanic's 2 class cabin is waiting we are ready to put off. Good luck.

BigRidg7

full member

Activity: 154

Merit: 100

Quote from: kalus on January 05, 2014, 05:39:16 AM

we will eventually divide crypto into two ages:

"pre-Coinye West"

and

"post-Coinye West"

lolz! I can't wait to sit back and watch the show on this one haha. As far as I can tell, it's going to be quite the frenzy.

RedBurrito

newbie

Activity: 28

Merit: 0

It's not too late mate, this is actually the beginning. If you give time to this (even with giveaways) you will make some profit in the future

hope4me

full member

Activity: 126

Merit: 100

Quote from: hasar on January 05, 2014, 05:12:53 AM

It's my second month since I joined crypto world. Already finished dry powder buying cheap coins. Nowdays just collecting giveaways. Am I joined this community too late? How would crypto world look like after 10 years?

It is not too late, not many know and use cryptocurrencies now

kalus

sr. member

Activity: 420

Merit: 263

let's make a deal.

we will eventually divide crypto into two ages:

"pre-Coinye West"

and

"post-Coinye West"

Fraxinus

legendary

Activity: 1274

Merit: 1000

Quote from: Mr.V on January 05, 2014, 05:36:07 AM

Quote from: radi324 on January 05, 2014, 05:32:15 AM

I think 2014 will be the year where all these crap altcoins will start fading away, and the strongest ones are left. It's all a matter of survival of the strongest

I also think this is the year when new ideas start improving crypto

They have no choice, to many clones

Oztwinpeaks

full member

Activity: 133

Merit: 100

Quote from: radi324 on January 05, 2014, 05:32:15 AM

I think 2014 will be the year where all these crap altcoins will start fading away, and the strongest ones are left. It's all a matter of survival of the strongest

Agreed- and I think that BTC really is the cornerstone- everyone should have that as a large position of their portfolio- when mass adoption comes that's where money is going to be funneling. There are a few key alt's and it's fairly clear that the like's LTC, NMC, PPC are here to stay and will produce great returns and have potential in their various uses. The newer alts are more of a crapshot, but it's good to have your hand in the ones with a community and some unique potential.

Mr.V

full member

Activity: 182

Merit: 100

Quote from: radi324 on January 05, 2014, 05:32:15 AM

I think 2014 will be the year where all these crap altcoins will start fading away, and the strongest ones are left. It's all a matter of survival of the strongest

I also think this is the year when new ideas start improving crypto

Mr.V

full member

Activity: 182

Merit: 100

The only problem now is tht the early adopters/miners are sort of like the old robber barrons of the industrial revolution. They get richer and richer and take most of the available resources before the common folk gets a chance. EX: ASICS... just take a look at the alpha-tech order book 1 person bought 20 units of the 25mh/s miner. I tried to buy one last night ...Credit Card declined lol

Topic: Am I too late in cryptocurrency world? (Read 1391 times)