• There has been a recent cluster of spammers accessing BARFer accounts and posting spam. To safeguard your account, please consider changing your password. It would be even better to take the additional step of enabling 2 Factor Authentication (2FA) on your BARF account. Read more here.

bitcoins

What are you guys think of this piece by Vice:
[YOUTUBE]SNssKmeXrGs[/YOUTUBE]
 
panthera said:
I am not technically savvy enough to make my own rig. And with the price, I can pick up 5 for less than one bitcoin. So all I need is power and cooling and Im up and running. Those 5 can produce 5.45 bitcoins a year. Its me being lazy and not wanting to put in the work it would take to build an equivalent machine as well.
Click to expand...

Do you have any idea what the best way is to cold storage alt coins that are not supported by Nano?
 
E.HONDA said:
Litecoin at $90+. When will it break $100 :D
Click to expand...

Dangit. With btc doing so well I was hoping to see that one dipso I could scoop up some more. Bought five whole coins on Tuesday. Already am up $100 on that deal.
 
MikeyRocks said:
^^ I really can't see it continue to rise at the rate it's been going, especially since I'm ignorant as to how this technology works and have no idea what's driving the price up/down. However, I've made a substantial profit (doubled my initial investment) and I think I'll back out now while I'm ahead.
Click to expand...

Good plan: Pigs get fat, and hogs get slaughtered. The greater fool theory only works while there is a supply of greater fools.
 
Anyone else a metric shit ton of money over the weekend? It was a scalpers paradise all weekend long.
 
Entoptic said:
Anyone else a metric shit ton of money over the weekend? It was a scalpers paradise all weekend long.
Click to expand...

Between crypto and my cannabis stocks, I'm doing pretty damn good!
 

Attachments

  • 24140246_10214665852590118_135015873_o.jpg
    24140246_10214665852590118_135015873_o.jpg
    42.5 KB · Views: 92
CABilly said:
Is there a way to transfer traditional retirement funds into crypto? Would be cool to put some pre-tax dollars to work on this. Or at least shift some of what's there over to btc.
Click to expand...

panthera said:
Here you go
https://bitcoinira.com/
Click to expand...

CABilly said:
Perfect thanks. I have an old inactive Fidelity account from an old job that I'll try to roll over.
Click to expand...

Entoptic said:
Fidelity should do it or it may have been etrade.. I’m attempt the same thing with an older Roth IRA.
Click to expand...

byke said:
Google says Fidelity is now setup to view your Coinbase holdings. I dunno if that also means you can transfer between the two platforms, but that'd be pretty neat if you could.
Click to expand...

Just spoke with Fidelity. That old account last time I looked had 3k in it. Now it's up to 8500. They don't do actual bitcoin investments, but an "ETF" which "tracks" bitcoin? Not sure what that is, but I just want to invest in the actual currencies.

Looking more into this BitcoinIRA. I'd rather just have a big name behind it, because who knows if this company will still be around when I'm ready to retire. And if they keep your keys then disappear, then you're screwed, right?
 
CABilly said:
Just spoke with Fidelity. That old account last time I looked had 3k in it. Now it's up to 8500. They don't do actual bitcoin investments, but an "ETF" which "tracks" bitcoin? Not sure what that is, but I just want to invest in the actual currencies.

Looking more into this BitcoinIRA. I'd rather just have a big name behind it, because who knows if this company will still be around when I'm ready to retire. And if they keep your keys then disappear, then you're screwed, right?
Click to expand...

You could absolutely be screwed, yes. They claim $1m in fraud/theft protection, but that doesn't help if/when the bubble pops. If I had an old quasi-forgotten account of that size, I'd put it all in, probably ether. I think you'd double it easily and possibly get to 5x or more before the cards come falling down. High risk stuff like this is all about keeping a finger on the pulse and timing the exit, imo.

If you talk to BitconIRA, find out what that one-time service fee is and what it would take to transfer back to Fidelity.
 
byke said:
You could absolutely be screwed, yes. They claim $1m in fraud/theft protection, but that doesn't help if/when the bubble pops. If I had an old quasi-forgotten account of that size, I'd put it all in, probably ether. I think you'd double it easily and possibly get to 5x or more before the cards come falling down. High risk stuff like this is all about keeping a finger on the pulse and timing the exit, imo.

If you talk to BitconIRA, find out what that one-time service fee is and what it would take to transfer back to Fidelity.
Click to expand...

Yeah. I'm trying to decide if cashing it out and taking the ~40% hit would be worth it. It would still be basically $5300 free dollars to put into Ripple and Ether. I thought it would be cool to get at least one whole Bitcoin, but buying multiples of others while they're still relatively low seems like a better investment.
 
That's not a terrible idea either, then you can untie your hands from the extremely limited crypto retirement options and bite that tax/penalty bullet early while it's relatively painless.
 
CABilly said:
Yeah. I'm trying to decide if cashing it out and taking the ~40% hit would be worth it. It would still be basically $5300 free dollars to put into Ripple and Ether. I thought it would be cool to get at least one whole Bitcoin, but buying multiples of others while they're still relatively low seems like a better investment.
Click to expand...

Why not continue to hold and put 1k into each shitcoin you enjoy? That way you're still in it btc wise and have options. If one pops, it could pay for the rest in a day.
 
Currently setting up about 17 servers that I'll mine eth with. I imagine I'll see around 200 mh/s as theres only a couple GTX 1080S and the rest are Quadro 4000s. The 1080s should see 30 mh/s while the 4000s will see around 9.
 
RightCoastBias said:
Currently setting up about 17 servers that I'll mine eth with. I imagine I'll see around 200 mh/s as theres only a couple GTX 1080S and the rest are Quadro 4000s. The 1080s should see 30 mh/s while the 4000s will see around 9.
Click to expand...

What software/scripts do you run with?
 
Entoptic said:
Why not continue to hold and put 1k into each shitcoin you enjoy? That way you're still in it btc wise and have options. If one pops, it could pay for the rest in a day.
Click to expand...

I'm not fancy enough to day trade so I'd mostly hold anyway. I think I would rather unlock that money and pay the up-front penalty just to have it be mine right now. If I lose it, then oh well. I have other retirement savings.
 
You must log in or register to reply here.
Back
Top