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  #1  
Old 04-12-17, 03:08 PM
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The UK is preparing to legislate Bitcoin and other cryptocurrencies

These new rules are designed to prevent money laundering and the funding of terrorist organisations.



Read more on the UK/EU's plans to regulate Bitcoin.

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Old 04-12-17, 03:43 PM
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They should legislate it out of existence.

Worthless product of a fundamentally corrupt system.
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Old 04-12-17, 03:53 PM
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I can foresee the etherum stock skyrocketing yet again very soon.
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Old 04-12-17, 04:04 PM
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I can foresee the etherum stock skyrocketing yet again very soon.
How so? Ethereum is also labeled as a Crytocurrency, it's not just going to be Bitcoin as I understand it.
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Old 04-12-17, 04:10 PM
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I can foresee the etherum stock skyrocketing yet again very soon.
I'd put my money on IOTA at the moment. Bought a few yesterday right before the surge. Gonna buy some more tonight. This currency has potentially infinite scalability without transaction fees, so it has the potential to become 'the next bitcoin'.

Of course, trading cryptocurrency is quite risky, so only invest money you're prepared to lose, and as soon as you buy cryptocurrency, consider your money to be gone.
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Old 04-12-17, 04:43 PM
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How so? Ethereum is also labeled as a Crytocurrency, it's not just going to be Bitcoin as I understand it.
Bitcoin is different than Ethereum. Bitcoin is ASIC based. It's more prone to false coins/hacked coins. So while they both are crypto currencies ETH is far more suitable as a whole for an actual currency.

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I'd put my money on IOTA at the moment. Bought a few yesterday right before the surge. Gonna buy some more tonight. This currency has potentially infinite scalability without transaction fees, so it has the potential to become 'the next bitcoin'.

Of course, trading cryptocurrency is quite risky, so only invest money you're prepared to lose, and as soon as you buy cryptocurrency, consider your money to be gone.

Eh it's all gonna fail soon I think. Everybody is in it for the quick cash but you only get the quick cash if you've been in it from the start since you get all the bonuses. Once they exhaust ETH they will move on to the next big one. It'll keep happening until they are all exhausted and only the 1% will actually make it big. None of it has value outside what people perceive it to be which is why the stocks are so volatile.
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Old 04-12-17, 05:49 PM
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Originally Posted by NeverBackDown View Post
Eh it's all gonna fail soon I think. Everybody is in it for the quick cash but you only get the quick cash if you've been in it from the start since you get all the bonuses. Once they exhaust ETH they will move on to the next big one. It'll keep happening until they are all exhausted and only the 1% will actually make it big. None of it has value outside what people perceive it to be which is why the stocks are so volatile.
Oh yeah for sure, the value cryptocurrency of are all between our ears, and it's a gamble. But I'm pretty optimistic for Iota, if only because of the recent partnership with Microsoft and other huge tech companies. But again, I'm prepared to lose my money.
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Old 04-12-17, 09:24 PM
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Bitcoin is different than Ethereum. Bitcoin is ASIC based. It's more prone to false coins/hacked coins. So while they both are crypto currencies ETH is far more suitable as a whole for an actual currency.
Why does ASIC make a difference?

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Originally Posted by AverageNinja View Post
I'd put my money on IOTA at the moment. Bought a few yesterday right before the surge. Gonna buy some more tonight. This currency has potentially infinite scalability without transaction fees, so it has the potential to become 'the next bitcoin'.

Of course, trading cryptocurrency is quite risky, so only invest money you're prepared to lose, and as soon as you buy cryptocurrency, consider your money to be gone.
Where you buying IOTA from?
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Old 04-12-17, 09:43 PM
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Where you buying IOTA from?
I bought mine at Binance, but Bitfinex also sells them (in fact, some people are selling millions of them at relatively low prices, so you might want to buy them there). You'll have to buy IOTA with bitcoins (or Ethereum) though, so you'll first have to buy those. I bought mine at AnyCoinDirect. Just send them to your exchange wallet and you'll be able to buy.

There are some whispers of a market correction since it's been increasing so rapidly, though, so if you buy right now you might be at a short-term loss. There's a good chance that it'll pick back up, though. There's a lot of interesting stuff on the horizon, including a decentralized coordinator and a new, safer type of wallet. Then again it might not be corrected at all and just keep rising. Again, just be sure to only invest money you are prepared to lose.
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  #10  
Old 04-12-17, 10:06 PM
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Why does ASIC make a difference?
https://www.investopedia.com/article...t-purposes.asp

Doesn't answer your question but it talks about what I said earlier.

The main difference is that Bitcoin is ASIC run and Ether is algorithm run.
ASIC can be infiltrated more easily and is less secure as a blockchain technology vs Ether. In Ether the algotithm is much more robust and advanced.So Bitcoin is predictable whereas Ether's algorithm is not for each block. A while back there were many reports about Bitcoin being hacked and tokens were stolen and was a massive amount of money. Ether doesn't have that problem. Or at least not yet since it's much harder to crack.
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