Topic: Has anyone made a comfortable living only investing in crypto trends? (Read 5018 times)
September 18, 2014, 11:22:20 AM
If Stunna can pay so much it means hes well off.
September 18, 2014, 08:10:06 AM
I'm living with cryptos, I drink water and eat bread... maybe it's time to find a real job.
September 18, 2014, 07:35:14 AM
Stunna might be living comfortably with crypto. 
He paid over 400-500 btc on signature campaign on the last few months. Doubt his dice gambling site make more than this when just-dice was still around.
September 18, 2014, 02:33:05 AM
Stunna might be living comfortably with crypto.
September 17, 2014, 10:46:35 AM
Doubt there are alot of people earning much on crypto.
But also, i think there are a ton of people that will claim to that they do, dont know why they do that.
Being here on major uprends was very profitable tho, ut its not something insane to brag about
But also, i think there are a ton of people that will claim to that they do, dont know why they do that.
Being here on major uprends was very profitable tho, ut its not something insane to brag about
September 17, 2014, 10:40:43 AM
Pretty sure people like rpietila made a living out of crypto 
September 17, 2014, 06:18:47 AM
Not now. But maybe very lucrative online (buying for merchandise for game or hardware for pc) but not buying food, or paying bills.
September 15, 2014, 07:28:42 AM
My only goal is to escape the rat race. I Need to become self sustainable using as little energy as possible, to not end up killing myself.
September 14, 2014, 06:53:12 PM
Alot of us bought BTC when they were *cheap* and been holding them since. Hoping they will keep climbing in value. And at the same time many altcoins rise and fall, people buying low and selling high, or even shorting BTC on sites like Bitfinex... Or mining new coins and then dump them as soon as they hit the market. There are also many securities out there to invest in like ASICMINER and HAVELOCK and now some mutual fund types investing in many altcoins, bitcoin and shares in crypto companies.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
In the altcoin scene there are many professional traders. That would be the place to look for anyone interested in making a living trading crypto.
Either that or actual economies will rise resulting in real spending and demand for certain alts.
It's not impossible.
All alts are really good for is helping their creators get rick/get a payday
September 14, 2014, 10:05:13 AM
Speculation is everywhere and unavoidable.
September 14, 2014, 09:47:58 AM
Quote
Has anyone made a comfortable living only investing in crypto trends?
I hope nobody does. For the sake of bitcoin, it must not be seen as a successful currency for speculators.
Maybe not for speculators. It could be still seen as a success story for early adopters.
September 11, 2014, 09:00:02 PM
Alot of us bought BTC when they were *cheap* and been holding them since. Hoping they will keep climbing in value. And at the same time many altcoins rise and fall, people buying low and selling high, or even shorting BTC on sites like Bitfinex... Or mining new coins and then dump them as soon as they hit the market. There are also many securities out there to invest in like ASICMINER and HAVELOCK and now some mutual fund types investing in many altcoins, bitcoin and shares in crypto companies.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
In the altcoin scene there are many professional traders. That would be the place to look for anyone interested in making a living trading crypto.
Either that or actual economies will rise resulting in real spending and demand for certain alts.
It's not impossible.
You might be surprised. The crypto scene is going through something of a revolution in 2014. The amount of new tech that's being developed is impressive.
September 11, 2014, 05:53:19 PM
Quote
Has anyone made a comfortable living only investing in crypto trends?
I hope nobody does. For the sake of bitcoin, it must not be seen as a successful currency for speculators.
September 11, 2014, 12:27:37 PM
Alot of us bought BTC when they were *cheap* and been holding them since. Hoping they will keep climbing in value. And at the same time many altcoins rise and fall, people buying low and selling high, or even shorting BTC on sites like Bitfinex... Or mining new coins and then dump them as soon as they hit the market. There are also many securities out there to invest in like ASICMINER and HAVELOCK and now some mutual fund types investing in many altcoins, bitcoin and shares in crypto companies.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
In the altcoin scene there are many professional traders. That would be the place to look for anyone interested in making a living trading crypto.
Either that or actual economies will rise resulting in real spending and demand for certain alts.
It's not impossible.
You might be surprised. The crypto scene is going through something of a revolution in 2014. The amount of new tech that's being developed is impressive.
September 11, 2014, 05:22:25 AM
I want to live off BTC earnings, its my goal 
September 10, 2014, 06:10:19 PM
Alot of us bought BTC when they were *cheap* and been holding them since. Hoping they will keep climbing in value. And at the same time many altcoins rise and fall, people buying low and selling high, or even shorting BTC on sites like Bitfinex... Or mining new coins and then dump them as soon as they hit the market. There are also many securities out there to invest in like ASICMINER and HAVELOCK and now some mutual fund types investing in many altcoins, bitcoin and shares in crypto companies.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
In the altcoin scene there are many professional traders. That would be the place to look for anyone interested in making a living trading crypto.
Either that or actual economies will rise resulting in real spending and demand for certain alts.
It's not impossible.
September 10, 2014, 01:43:56 PM
Well, apparently some guy was day trading and making like 1btc a day, but he was a legit whale so.
September 09, 2014, 11:22:39 AM
Are there any jobs that i can do online to get paid in btc?
September 09, 2014, 11:08:24 AM
Not that I know of. Everyone I know is here for more cash, that means they are not still living comfortably.
September 09, 2014, 09:49:49 AM
I wish i could live off BTC and cryptos 
someone surely is living off of it, some miners with big farm and no electricity can keep mining regardless, maybe some of them are also good traders
September 09, 2014, 08:25:48 AM
Alot of us bought BTC when they were *cheap* and been holding them since. Hoping they will keep climbing in value. And at the same time many altcoins rise and fall, people buying low and selling high, or even shorting BTC on sites like Bitfinex... Or mining new coins and then dump them as soon as they hit the market. There are also many securities out there to invest in like ASICMINER and HAVELOCK and now some mutual fund types investing in many altcoins, bitcoin and shares in crypto companies.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
In the altcoin scene there are many professional traders. That would be the place to look for anyone interested in making a living trading crypto.
Either that or actual economies will rise resulting in real spending and demand for certain alts.
It's not impossible.
September 09, 2014, 01:17:12 AM
WAIT - is what we all have to do
Wait for what? Wait for it to drop to 0?
September 08, 2014, 07:50:37 AM
WAIT - is what we all have to do
September 01, 2014, 03:00:45 PM
Alot of us bought BTC when they were *cheap* and been holding them since. Hoping they will keep climbing in value. And at the same time many altcoins rise and fall, people buying low and selling high, or even shorting BTC on sites like Bitfinex... Or mining new coins and then dump them as soon as they hit the market. There are also many securities out there to invest in like ASICMINER and HAVELOCK and now some mutual fund types investing in many altcoins, bitcoin and shares in crypto companies.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
In the altcoin scene there are many professional traders. That would be the place to look for anyone interested in making a living trading crypto.
September 01, 2014, 02:57:25 PM
Alot of us bought BTC when they were *cheap* and been holding them since. Hoping they will keep climbing in value. And at the same time many altcoins rise and fall, people buying low and selling high, or even shorting BTC on sites like Bitfinex... Or mining new coins and then dump them as soon as they hit the market. There are also many securities out there to invest in like ASICMINER and HAVELOCK and now some mutual fund types investing in many altcoins, bitcoin and shares in crypto companies.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
In the altcoin scene there are many professional traders. That would be the place to look for anyone interested in making a living trading crypto.
In the altcoin market I feel like a fish being eaten by sharks, goodbye trading.
September 01, 2014, 02:11:22 PM
Alot of us bought BTC when they were *cheap* and been holding them since. Hoping they will keep climbing in value. And at the same time many altcoins rise and fall, people buying low and selling high, or even shorting BTC on sites like Bitfinex... Or mining new coins and then dump them as soon as they hit the market. There are also many securities out there to invest in like ASICMINER and HAVELOCK and now some mutual fund types investing in many altcoins, bitcoin and shares in crypto companies.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
In the altcoin scene there are many professional traders. That would be the place to look for anyone interested in making a living trading crypto.
September 01, 2014, 01:52:10 PM
If only there was any way of telling if someone had made a comfortable living. I personally would love to make a comfortable living however it's something that will not happen over night and definitely will take a lot longer than a year to accomplish something like that. Hopefully one day it may happen
September 01, 2014, 01:29:49 PM
I wish i could live off BTC and cryptos
September 01, 2014, 01:21:22 PM
Of course many people have made a comfortable living only investing to altcoins if that what you are suggesting with the topic title.Alts mean a good business if you made a correct decision where to put your money and time onto
September 01, 2014, 12:18:11 PM
I would have made a confortable living if I didn't have sold all my RDD coins when they were valued less than dust.
September 01, 2014, 11:51:44 AM
Late comers lose a great deal of money investing in altcoins and over paid for bitcoin.
You never know whether they overpaid or not. A couple of years down the line, they could be sitting on huge profits.
No one know what the future hold. One thing for certain is people over paid by wide margin based on today price.
September 01, 2014, 11:28:13 AM
Late comers lose a great deal of money investing in altcoins and over paid for bitcoin.
You never know whether they overpaid or not. A couple of years down the line, they could be sitting on huge profits.
August 31, 2014, 02:38:02 PM
Late comers lose a great deal of money investing in altcoins and over paid for bitcoin.
August 31, 2014, 10:40:13 AM
There are a few people who could possibly live only on crypto trends. There are some coin devs, some pump and dump fanatics (yeah, those whales who crush your dreams of making a nice profit), those alt coin scammers, and of course, the one and only Satoshi Nakamoto (though we never know who he really is, it must be obvious that he also profits from what he has started).
I don't think Satoshi's coins have moved, have they?
Although some time in the future, they may help him live comfortably.
August 30, 2014, 10:51:55 PM
I think that makes our lives comfortable not only by investing in crypto currency like bitcoin, Maybe this time bitcoin could make our lives comfortable, but can not always like that, comforts of life are not only judged on how many bitcoin that we get, but how much of our gratitude for what God has given to us, hopefully this statement can inspire a lot of people ... 
August 17, 2014, 08:33:19 AM
There are a few people who could possibly live only on crypto trends. There are some coin devs, some pump and dump fanatics (yeah, those whales who crush your dreams of making a nice profit), those alt coin scammers, and of course, the one and only Satoshi Nakamoto (though we never know who he really is, it must be obvious that he also profits from what he has started).
August 16, 2014, 03:52:20 PM
Best bet is to stick to BTC as your main crypto and then invest in some promising next gen altcoins like maidsafe, crypti, node - something that still has a chance of really taking off.
August 16, 2014, 02:57:58 PM
Alt coin developers probably make quite a lot compare to a regular job.
Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.
I hope Dogecoin is included in that exception. :p
Dogecoins are now failing in value and so, getting more of it now is easier. Just hope that the value will rise again to make it worth keeping now and selling someday.
August 16, 2014, 12:16:04 PM
Alt coin developers probably make quite a lot compare to a regular job.
Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.
I hope Dogecoin is included in that exception. :p
Dogecoins are now failing in value and so, getting more of it now is easier. Just hope that the value will rise again to make it worth keeping now and selling someday.
August 13, 2014, 10:33:41 PM
Alt coin developers probably make quite a lot compare to a regular job.
Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.
If you are a speculator/gambler, you can still make a lot of money from these 'scamcoins'.
August 13, 2014, 11:54:05 AM
Alt coin developers probably make quite a lot compare to a regular job.
Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.
If you are a speculator/gambler, you can still make a lot of money from these 'scamcoins'.
August 13, 2014, 12:34:19 AM
Alt coin developers probably make quite a lot compare to a regular job.
Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.
August 11, 2014, 10:46:40 AM
I don't, but I think there are some there who done/doing this and not all might be known.
Hoping I could be one of them someday.
Hoping I could be one of them someday.
Right now we are dealing with a sideways market, even the altcoins have had very selective rises and falls. When there is more volatility im sure more can make good money day trading.
Now is a good time to mine or invest in miner companies, but not trading soo much.
You have to consider volume also.
Just because the price might reach a given high, doesn't mean that there's enough buyers at that price from someone to throw enough money into it to make a substantial profit.
Just because the price might reach a given high, doesn't mean that there's enough buyers at that price from someone to throw enough money into it to make a substantial profit.
very true, i see this alot with altcoins. You can put a bid on a coin, but it does not always completely fill. Can take some time in alot of cases.. same for asks when selling.
August 11, 2014, 10:42:28 AM
You have to consider volume also.
Just because the price might reach a given high, doesn't mean that there's enough buyers at that price from someone to throw enough money into it to make a substantial profit.
Just because the price might reach a given high, doesn't mean that there's enough buyers at that price from someone to throw enough money into it to make a substantial profit.
August 11, 2014, 10:35:36 AM
I don't, but I think there are some there who done/doing this and not all might be known.
Hoping I could be one of them someday.
Hoping I could be one of them someday.
August 11, 2014, 10:13:57 AM
From the sounds of it you need large amounts of capital to buy large amounts of coin really make a living at trading, at the same time risk loosing large amounts. i would assume the same is true if you wanted to invest in some miner shares. As investing one BTC may only get you a return of .1 every month. But invest 10btc you can get almost 1 BTC a month. As many said getting in the crypto world early is key, which technically we still are in the beginning. Many other coins could take the place of BTC when their market cap rises.
What is CMI?
If CMI's can exsist in the capital market of course its possible to survive on it partially.
What is CMI?
August 10, 2014, 07:33:33 AM
Alt coin developers probably make quite a lot compare to a regular job.
Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.
I would presume those behind darkcoin would have become really rich?
August 10, 2014, 05:01:35 AM
Alt coin developers probably make quite a lot compare to a regular job.
Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.
August 10, 2014, 04:05:30 AM
Alt coin developers probably make quite a lot compare to a regular job.
Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
There were many scamcoins which made their creators really rich, sometimes scammers are really clever I have to admit.
August 10, 2014, 01:27:16 AM
Alt coin developers probably make quite a lot compare to a regular job.
Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide.Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
Widespread adoption is what provides bitcoin its value. These new altcoins are always playing a catching up game. So it is very difficult for them to gain bitcoin's valuation.
But still people speculate using them because one altcoin might turn out to be the bitcoin-killer.
August 09, 2014, 05:51:02 PM
Alt coin developers probably make quite a lot compare to a regular job.
Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
I think a lot of the altcoins are really nothing more then a way to make their creators rich. IMO they serve very little, if any, other purpose. Bitcoin is able to provide much more then what any other altcoin can provide. Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
August 09, 2014, 05:14:52 PM
Alt coin developers probably make quite a lot compare to a regular job.
Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
Remember, some of the developers were involved in several coin projects and then abandon the coin after the initial pump from unsuspected investors.
August 09, 2014, 10:12:28 AM
Living with crypto trading and investments is my dream but at the moment I don't have many funds avaiable so I'm trying to accumulate as much as I can for the future.
August 09, 2014, 08:23:22 AM
If CMI's can exsist in the capital market of course its possible to survive on it partially.
August 09, 2014, 07:37:16 AM
We have a few people who are doing well with our virtacoin.com and have done well for themselves with other coins btc and ltc included.
August 09, 2014, 07:33:59 AM
These people do exist but they need a lot of money to process volume and they need computer bots / scripts to day trade for them. . but it's still not fool proof.
August 09, 2014, 02:29:26 AM
100k just holding BTC? or are we talking about some other coin?
just holding btc, was a old member who started mining very early, i don't remember the full details, but there was a photo of him and his family in the web
August 09, 2014, 02:00:08 AM
Yeah there are plently of whales that regularly move the market although im guessing most probably got in fairly early on.
August 09, 2014, 01:28:05 AM
To buy low and sell high in hours, weeks, months is not called investment, but called speculation. Most of people who do this type of things do lose their money.
August 09, 2014, 01:20:33 AM
There are lot people
example : early bitcoin adopter, satoshi nakamoto, dan scam alt. coin developer
IF you mean seriously 100% in crypto. I think only satoshi nakamoto
example : early bitcoin adopter, satoshi nakamoto, dan scam alt. coin developer
IF you mean seriously 100% in crypto. I think only satoshi nakamoto
How much do you think he will have to pay in taxes, if he does cash out.
August 09, 2014, 12:32:43 AM
There are lot people
example : early bitcoin adopter, satoshi nakamoto, dan scam alt. coin developer
IF you mean seriously 100% in crypto. I think only satoshi nakamoto
Yes alot of what i am talking about is pumping and dumping, buying low selling high. Buying a coin and selling it after it goes above 25%+ in value since you bought it. If you do this with many coins, and throw a few hundred or thousand at them, you could have some good returns... or bad losses.
Also having a couple rigs mining new coins, and then sell them when they hit the exchange.
What would you consider serious investors?
Yeah.
or you can make altcoin, mine it. and sell all when price is high
example : early bitcoin adopter, satoshi nakamoto, dan scam alt. coin developer
IF you mean seriously 100% in crypto. I think only satoshi nakamoto
Do you mean the "pump and dumper" crowds?
There are at least a few people who trying this continuously, so they must be making a lot of money.
Or are you talking about serious investors? The people who is doing this for a living?
There are at least a few people who trying this continuously, so they must be making a lot of money.
Or are you talking about serious investors? The people who is doing this for a living?
Yes alot of what i am talking about is pumping and dumping, buying low selling high. Buying a coin and selling it after it goes above 25%+ in value since you bought it. If you do this with many coins, and throw a few hundred or thousand at them, you could have some good returns... or bad losses.
Also having a couple rigs mining new coins, and then sell them when they hit the exchange.
What would you consider serious investors?
Yeah.
or you can make altcoin, mine it. and sell all when price is high
August 08, 2014, 02:56:57 PM
Do you mean the "pump and dumper" crowds?
There are at least a few people who trying this continuously, so they must be making a lot of money.
Or are you talking about serious investors? The people who is doing this for a living?
There are at least a few people who trying this continuously, so they must be making a lot of money.
Or are you talking about serious investors? The people who is doing this for a living?
Yes alot of what i am talking about is pumping and dumping, buying low selling high. Buying a coin and selling it after it goes above 25%+ in value since you bought it. If you do this with many coins, and throw a few hundred or thousand at them, you could have some good returns... or bad losses.
Also having a couple rigs mining new coins, and then sell them when they hit the exchange.
What would you consider serious investors?
August 08, 2014, 02:51:48 PM
Do you mean the "pump and dumper" crowds?
There are at least a few people who trying this continuously, so they must be making a lot of money.
Or are you talking about serious investors? The people who is doing this for a living?
There are at least a few people who trying this continuously, so they must be making a lot of money.
Or are you talking about serious investors? The people who is doing this for a living?
August 08, 2014, 02:24:27 PM
I'm wondering the same. If you are making a living (or did for several years) I wonder how you've been handling taxes. What a pain that must be, trying to prove at what price you bought BTC or other currencies, because there is not the paperwork on the exchanges like you'd get on TD Ameritrade or Schwab.
I have reported my BTC and Altcoin earnings for the last two years, i think its pretty easy. Just notate the date you bought them on and the date you sold them on... and if you have not sold then notate the current price.. My CPA handles them similar to stock shares. Has worked well so far *fingers crossed*
Quote
Alot of us bought BTC when they were *cheap* and been holding them since. Hoping they will keep climbing in value. And at the same time many altcoins rise and fall, people buying low and selling high, or even shorting BTC on sites like Bitfinex... Or mining new coins and then dump them as soon as they hit the market. There are also many securities out there to invest in like ASICMINER and HAVELOCK and now some mutual fund types investing in many altcoins, bitcoin and shares in crypto companies.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
I think there must be some people, as you could buy a bitcoin for 0.07$ in the past.
So it was easy to get say 2000 BTC which at current price would be worth one million dollar.
I am a holder of btc as well, but as you stated that is very long term investments. You would have to hold for years to get that kind of return. But this is not the kind of investing i am talking about, i am talking about buying when a coin is low and then selling a couple days, weeks months later when it reaches new heights. I am curious how successful people have been selling coins being alt or otherwise on the dips and rises. The only long term investments i am talking about for passive income would be as stated ASICMINER or some other share type investment.
there was a case here in the forum of someone who made more than 100k(he didn't sell), and then was arrested or something, o don't remember the full story though
100k just holding BTC? or are we talking about some other coin?
August 08, 2014, 02:21:09 PM
there was a case here in the forum of someone who made more than 100k(he didn't sell), and then was arrested or something, o don't remember the full story though
August 08, 2014, 01:28:16 PM
Quote
Alot of us bought BTC when they were *cheap* and been holding them since. Hoping they will keep climbing in value. And at the same time many altcoins rise and fall, people buying low and selling high, or even shorting BTC on sites like Bitfinex... Or mining new coins and then dump them as soon as they hit the market. There are also many securities out there to invest in like ASICMINER and HAVELOCK and now some mutual fund types investing in many altcoins, bitcoin and shares in crypto companies.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
I think there must be some people, as you could buy a bitcoin for 0.07$ in the past.
So it was easy to get say 2000 BTC which at current price would be worth one million dollar.
August 08, 2014, 12:31:53 PM
I'm wondering the same. If you are making a living (or did for several years) I wonder how you've been handling taxes. What a pain that must be, trying to prove at what price you bought BTC or other currencies, because there is not the paperwork on the exchanges like you'd get on TD Ameritrade or Schwab.
August 08, 2014, 11:43:32 AM
Alot of us bought BTC when they were *cheap* and been holding them since. Hoping they will keep climbing in value. And at the same time many altcoins rise and fall, people buying low and selling high, or even shorting BTC on sites like Bitfinex... Or mining new coins and then dump them as soon as they hit the market. There are also many securities out there to invest in like ASICMINER and HAVELOCK and now some mutual fund types investing in many altcoins, bitcoin and shares in crypto companies.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
I am not talking soo much about Pool operators, or people with massive ASIC/FPGA/GPU/Rent-A-Server Farms, nor people that are just hodling. Looking for people invested in buying, holding and selling coins short / semi long term and or buying securities in groups that mine and give out dividends on their output.
With all these options out there, to invest in. Where you can possibly get a monthly, annual dividends, or as stated trade on the exchanges. Has anyone made this their full time job and been successful at it?
Certain names come to mind like Chris Dunn and Johnny Roquemore.
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