Nope, it's at 11k, which is probably a good spot for it considering it went from 3k to 19k in 4 months.Is it back to 20k yet?
Nope, it's at 11k, which is probably a good spot for it considering it went from 3k to 19k in 4 months.
lol yeah I bought at 17kITS NOT A GOOD SPOT IF YOU BOUGHT IT ABOVE 11K PLAYBOI. THINK ABOUT ME PLEASE.
Id love to if I had the equipment and money for the electricity it takes.Does anyone mine any coins? And what ones would be decent to try and mine? I know bitcoin, etherum and litecoin are probably too 'hard' to do now.
That isn't bad, watch the price for a day or two to see if the price drops.After 30-45 days, Bitstamp finally approved my account. Was going to put $500 into Ripple back when it was .40. Jumped up to over 3 and now has been sitting in the 1.3 range. Is it still worth getting in?
I picked up an L3+ for fun over the holidays. Mining about $20 to $25 in Litecoin a day. Electricity runs around $2.50 a day.Does anyone mine any coins? And what ones would be decent to try and mine? I know bitcoin, etherum and litecoin are probably too 'hard' to do now.
I would pay, do you want to get audited and pay a penalty when coinbase turns over its records to the IRS some day.Am I going to get in trouble if I don't pay taxes on gains? I sold half a bitcoin this year when it was around $6,000 . I actually do intend to pay the taxes on it, but am just kind of curious what the IRS is up to when it comes to crypto.
Does anyone mine any coins? And what ones would be decent to try and mine? I know bitcoin, etherum and litecoin are probably too 'hard' to do now.
After 30-45 days, Bitstamp finally approved my account. Was going to put $500 into Ripple back when it was .40. Jumped up to over 3 and now has been sitting in the 1.3 range. Is it still worth getting in?
I would say Cardano is a better bet. The problem with ripple is they are sitting on 50 billion coins that they plan on putting back into the market place. This would mean the price will drop with each scheduled release and limits the returns you can get.
Kind of late to start now. Need a computer, power supply, and GPUs. The current GPU prices are outrageous. These things are going for 2x - 4x msrp. An RX580 that you could have bought for ~$250 6 months ago now goes for over $500. The 1080ti that should go for ~$700 are selling for $1500. The 1070 that use to MSRP for $400 are now approaching $1000. These are prices from retailers if you can find them in stock. Ebay is much worse.How much does it cost to get into mining?
Darn I might just invest in could miningKind of late to start now. Need a computer, power supply, and GPUs. The current GPU prices are outragouse. These things are going for 2x - 4x msrp. An RX580 that you could have bought for ~$250 6 months ago now goes for over $500. The 1080ti that should go for ~$700 are selling for $1500. The 1070 that use to MSRP for $400 are now approaching $1000. These are prices from retailers if you can find them in stock. Ebay is much worse.
I wish I would have bought a truck load and sat on them for 6 months.
Although if the prices stay the same you are looking at an ROI of about 6-8 months. That is pretty good for an ROI, but I wouldn't trust the crypto world that the prices will stay steady. They could collapse and you would be stuck with a bunch of GPUs that you over paid for. Ebay would be flooded with used GPUs and you would be lucky to get $50 for 1080ti. PC gamers will be rejoicing.
I am seeing news that both Square cash and Robinhood are going to allow users to trade in cryptocurrencies.
This is big news as both have an established user base, a good UI for buying and selling, and increase the average persons exposure to the crypto market. I wouldn't expect an immediate bump, but if the market goes through a rally this would definitely help it to sustain for longer.
I would also expect other apps to follow suit (such as Acorn and Stash) in order to stay competitive.
I would say Cardano is a better bet. The problem with ripple is they are sitting on 50 billion coins that they plan on putting back into the market place. This would mean the price will drop with each scheduled release and limits the returns you can get.