Whats, to your best ability to answer, the reason why we should use a Japanese site (Mt.Gox) over say Coinbase (Califonia based)? Before you answer I did notice the price difference, but I'd just like to know your opinion and experiences. Is Japan's exchange just naturally higher? Or is it rather easier to sell on? Is it because they have better account features, maybe such as sending payments to Paypal instead of a bank account?
I don't know if it's still the case, but some people have reported not being able to retrieve their funds out of MtGox. MtGox's price is higher because they have higher fees.
If you really want to make some big bucks, then invest in a coin that has features behind it that support its value. BTC's advantage is that it was first to the market. LTC is just a mild improvement over BTC.
Zerocoin (ZC), for instance, would be something you want to jump on right away, since it's superior to BTC for black market sales. The value would increase astronomically as soon as it became available.
They just opened an LTC / Doge exchange on Cryptsy as well, so its getting the support it needs.
Edit: Fucking wonderful. Several Dogecoin related sites, including one I was using for a wallet to transfer funds to just got hacked. I'm lucky it was only 5k coin.
Someone is going to have to teach me offline wallets.
Post has been edited 2 time(s), last time on Dec 26 2013, 6:08 pm by Riney.
Riney#6948 on Discord. Riney on Steam (Steam) @RineyCat on Twitter
welp, i'm in the process of playing the system. trading half of my current funds at a time to buy when doge is low and sell when doge is high(er). This gets really confusing with more than 2 currencies.
I missed the boat on catcoin (which is same number of coins as bitcoin and is worth 1200 DOGE each now). Fedoracoin seems to have bit the dust, or at least it did for me. All the pools I was on died.
"Parliamentary inquiry, Mr. Chairman - do we have to call the Gentleman a gentleman if he's not one?"
We can't explain the universe, just describe it; and we don't know whether our theories are true, we just know they're not wrong. >Harald Lesch
Alright, back at home. I mined 80k Dogecoins over the holidays. Now to figure out how to make Euros out of it.
EDIT: I'm slowly getting an idea how things work but I may need assistance with a step or two. Also confirming what I found out would help me. So feel free to correct me or add to it: - First I need to tell my Dogepool my wallet ID and order a manual transfer to said wallet. - Then I can go to a Market like Cryptsy or Coined Up and transfer my Dogecoins (DOGE) to my deposit ID there. - Then I convert them to Bitcoins (BTC) (TRADE: Sell DOGE for BTC, right?). This should be done at a time when DOGE to BTC is 0.00000073 or higher. Currently it's at 0.00000055 which is terrible, right? - Now that I have BTC at Cryptsy and can transfer them to my Mt.Gox wallet ID, but I get that only after I have been successfully verified, right? - Finally I can order Mt.Gox to put Euros on my bank account when BTC is strong. Which is probably around 600 $ / BTC?
Post has been edited 1 time(s), last time on Jan 1 2014, 11:14 pm by NudeRaider.
1. Yes, tell your dogepool your wallet. ideally you do automated payments, encrypt your wallet and store it on a cloud service just in case your computer crashes 2. Yes, you have to pay a trader to get your money out of there. However, you can just send your money directly from dogepool to coinedup if you want to. 3. Currently DOGE is at 55 satoshis (1 satoshi is 0.00000001 BTC, i believe the smallest BTC value you can trade). This is close to the price floor for DOGE. Personally I bought some extra doge and am waiting to sell it at 70-80. Note that cryptsy takes some of your trade value. 4. MTGox and other BTC traders will only let you get real cash when you are verified. I'm going to keep a bitcoin in a wallet somewhere just to hold on to just in case bitcoin jumps to $10 grand each, but other than that you don't really need a local wallet. 5. BTC is around $800 now, and shows little sign of crashing over the long run. You better believe that if it truly crashes, people will be buying it up like hotcakes. DOGE is based entirely on BTC, so remember that as the value of BTC goes up, the value of DOGE goes up too. If BTC jumps to $1500 and DOGE still trades for 55 satoshis, you'll also get that increase in real money.
"Parliamentary inquiry, Mr. Chairman - do we have to call the Gentleman a gentleman if he's not one?"
We can't explain the universe, just describe it; and we don't know whether our theories are true, we just know they're not wrong. >Harald Lesch
Shit, DOGE is plummeting right now. Is it expected that this trend continues or will it go back to reasonable levels eventually? Should I switch to mining another currency?
Should I just transfer my doge to something else? I only have like 6000 xD
TinyMap2 - Latest in map compression! ( 7/09/14 - New build! ) EUD Action Enabler - Lightweight EUD/EPD support! (ChaosLauncher/MPQDraft support!) EUDDB - topic - Help out by adding your EUDs! Or Submit reference files in the References tab! MapSketch - New image->map generator! EUDTrig - topic - Quickly and easily convert offsets to EUDs! (extended players supported) SC2 Map Texture Mask Importer/Exporter - Edit texture placement in an image editor! This page has been viewed [img]http://farty1billion.dyndns.org/Clicky.php?img.gif[/img] times!
Oh_Man shouted: yeah i'm tryin to go through all the greatest hits and get the runs up on youtube so my senile ass can appreciate them more readily
You should do my Delirus map too; it's a little cocky to say but I still think it's actually just a good game lol
[2024-4-20. : 8:20 pm]
Ultraviolet -- Goons were functioning like stalkers, I think a valk was made into a banshee, all sorts of cool shit
[2024-4-20. : 8:20 pm]
Ultraviolet -- Oh wait, no I saw something else. It was more melee style, and guys were doing warpgate shit and morphing lings into banelings (Infested terran graphics)
Riney
