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Re: ESOC Crypto Corner

Posted: 05 Dec 2017, 13:43
by Snuden
An image says more than a 1000 words. http://prntscr.com/hjdz1z

Re: ESOC Crypto Corner

Posted: 05 Dec 2017, 13:55
by Gendarme
edeholland wrote:I think when Bitcoin futures hit the stock market, the price for a bitcoin will increase even more, even if just temporarily.
I am not so sure about that. The announcement of their release is probably a lot more impactful than the release itself.

Re: ESOC Crypto Corner

Posted: 05 Dec 2017, 15:46
by Snuden
IOTA (iota.org) seems like it could be very useful for commerce. It is based on the Tangle and have 0 transaction fee's - making nano payments possible.

Re: ESOC Crypto Corner

Posted: 06 Dec 2017, 02:24
by Gendarme
Gendarme wrote:
Gendarme wrote:
Gendarme wrote:$9,000 hypeuuuuu
$10,000 hypeuuuuu
$11,000 hypeuuuuu
$12,000 hypeuuuuu

Re: ESOC Crypto Corner

Posted: 06 Dec 2017, 10:28
by Gendarme
@Goodspeed Can you smell the rise to > 13,000 and sudden drop to 11,000? I sense its presence. Will the Martian prophecy come true in the next 36.5 hours?

Re: ESOC Crypto Corner

Posted: 06 Dec 2017, 10:49
by Goodspeed
Seems unlikely. I expected it to grow more on Monday/Tuesday and level off a bit today. But it's the opposite.
Maybe around 14-15k
EDIT: I guess it's kinda leveling off now at 12600

Re: ESOC Crypto Corner

Posted: 06 Dec 2017, 13:40
by Snuden
Coinmarketcap is still showing above $13K

Re: ESOC Crypto Corner

Posted: 06 Dec 2017, 13:52
by Goodspeed
I've found TradingView to be fairly responsive in the past when it came to stocks. Not sure how accurate it is when it comes to BTC. But other sources seem to agree its around 12700 atm.
https://www.tradingview.com/symbols/BTCUSD/

Re: ESOC Crypto Corner

Posted: 06 Dec 2017, 13:55
by Gendarme
Each exchange is isolated so the prices vary quite a bit sometimes due to the high volatility. I usually check Coindesk, but they always seem to be lower than GDAX. Statistically speaking that sounds like an impossibility so I am not sure what to trust. I just watch GDAX directly instead now.

Re: ESOC Crypto Corner

Posted: 06 Dec 2017, 15:16
by Snuden
I think coinmarketcap.com pulls data from all exchanges.

Re: ESOC Crypto Corner

Posted: 06 Dec 2017, 19:13
by Gendarme
Gendarme wrote:
Gendarme wrote:
Show hidden quotes
$11,000 hypeuuuuu
$12,000 hypeuuuuu
$13,000 hypeuuuuu

Re: ESOC Crypto Corner

Posted: 06 Dec 2017, 20:21
by Gendarme
Snuden wrote:IOTA (iota.org) seems like it could be very useful for commerce. It is based on the Tangle and have 0 transaction fee's - making nano payments possible.
If Andreas Antonopoulos approves of it, I will too. :love:

Re: ESOC Crypto Corner

Posted: 06 Dec 2017, 20:48
by Dolan
Image

:hmm:

Re: ESOC Crypto Corner

Posted: 06 Dec 2017, 20:49
by Gendarme
Let me translate it for you: "We have been paid by a party that wishes to remain unknown to no longer support Bitcoin."

Re: ESOC Crypto Corner

Posted: 06 Dec 2017, 21:22
by deleted_user
Gendarme wrote:Let me translate it for you: "We have been paid by a party that wishes to remain unknown to no longer support Bitcoin."

You translated it to the same language

Re: ESOC Crypto Corner

Posted: 06 Dec 2017, 21:24
by Jam
Who collects the transaction fees for Buttcoin?

Re: ESOC Crypto Corner

Posted: 06 Dec 2017, 21:33
by Gendarme
@deleted_user4 I blame crooked duck for only allowing English here.

@Jam Minera collect the fees. Although I have no clue how the fee amount is decided. Perhaps @Snuden can explain it to us lazies.

Re: ESOC Crypto Corner

Posted: 07 Dec 2017, 06:22
by Gendarme
Gendarme wrote:
Gendarme wrote:
Show hidden quotes
$12,000 hypeuuuuu
$13,000 hypeuuuuu

Ok now I am not hyped anymore. Wtf is this shit? Already past $14,000. Ugh, now I need to consider selling. Difficultiesh!

Re: ESOC Crypto Corner

Posted: 07 Dec 2017, 08:22
by Snuden
Marching towards $15K :/

The fee's are used to pay the miners, who verify transactions. My guess is that the higher fee you are willing to pay, the higher you are placed in the blockchain.

Re: ESOC Crypto Corner

Posted: 07 Dec 2017, 08:25
by Gendarme
Oh, you choose the fee yourself? That sounds weird.

Re: ESOC Crypto Corner

Posted: 07 Dec 2017, 08:31
by Snuden
Some wallets have that option. You can also use an "Accelerator" to speed up the transaction.
Based on my (limited) research I think IOTA is a better option as a currency.

Re: ESOC Crypto Corner

Posted: 07 Dec 2017, 10:07
by Gendarme
Well... let's count to 16,000 I suppose.

Re: ESOC Crypto Corner

Posted: 07 Dec 2017, 10:55
by deleted_user0
Sell it now, exit the pyramid game as a winner or you will regret.

Re: ESOC Crypto Corner

Posted: 07 Dec 2017, 11:02
by Gendarme
I regret letting Finland become independent.

Re: ESOC Crypto Corner

Posted: 07 Dec 2017, 11:18
by lejend
Unless you've invested thousands of dollars, I think selling would be a bad choice. It's only a 50% gain so far.