MEth Q&A thread

Evilember
Evilember

Veeky Forums helps nocoiners be coiners

Other urls found in this thread:

dapps.ethercasts.com/
cointelegraph.com/
bitcointalk.org/index.php?topic=428589.13040
youtube.com/watch?v=TDGq4aeevgY
youtube.com/watch?v=fbEtivJIfIU

TalkBomber
TalkBomber

Where can I find the absolute most basic information for even getting started?

WebTool
WebTool

I love big tits, alone time, good friends, psychedelics, and most importantly, being comfy.

Please help me be comfy user.

0x2310175E505387A5B21e5FD9BEcb0348D105E4A6

TurtleCat
TurtleCat

newfag here from AUS first time investing in crypto

whats the best way to buy mEth idc about using my ID just wanna get riechhhh
is it possible to buy 5 mEth
would it be worth it
what fees are involved purchasing transferring and holding cryptocurrecy (mEth)

i wanna go to the moon XD

StonedTime
StonedTime

i don't have the answers

CouchChiller
CouchChiller

the easiest way is to sign up for coinbase, and buy bitcoin or ethereum through them. it's retard proof

DeathDog
DeathDog

PSA: This will be your last chance at buying Ethereum before it explodes to 300 USD. Missed the bitcoin train? Don't fuck up this time.

Some info:
Ethereum has improved every technical aspect of bitcoin combined with having a built in programming language for infinite versatility. You could run an election on ethereum through smart contacts and it wouldn't be possible to even claim that "the election was hacked" as you could just check the code and pseudonymous transaction list yourself. Ethereum will also be the ultimate escrow service rendering banks completely useless. Want to bet with other 4channers anonymously about what outcome topic X will have? Make a smart contract that will release the money to the winner once the outcome is settled.

The Enterprise Ethereum Alliance (Microsoft, Intel, JP Morgan, Deloitte etc) are currently in the process of building decentralized applications (dApps) on top of Ethereum. All of this will increase the value of Ethereum by an absurd amount. Some of their prototypes will be released here:

dapps.ethercasts.com/

Other Ethereum related news can be found here:
cointelegraph.com/
bitcointalk.org/index.php?topic=428589.13040

You can get Ethereum from coinbase or Kraken. Or buy bitcoins at localbitcoins.com and trade it for Ethereum on Poloniex. Visit Veeky Forums for general Ethereum discussion.

youtube.com/watch?v=TDGq4aeevgY
youtube.com/watch?v=fbEtivJIfIU

TechHater
TechHater

PSA: This will be your last chance at buying Ethereum before it explodes to 300 USD
pretty sure anyone pumping it this hard is planning on dumping soon.

JunkTop
JunkTop

It's a bubble for a reason

PurpleCharger
PurpleCharger

t. nocoiner at 300 usd bitcoin

BunnyJinx
BunnyJinx

Is it possible to purchase Ethereum with BTC?

GoogleCat
GoogleCat

Poloniex.

StrangeWizard
StrangeWizard

looking for an alternative bcoz you can buy on coinbase but you cant sell in aus yet

Fuzzy_Logic
Fuzzy_Logic

Imagine what would happen to a government if it allowed its currency to be replaced with a global one. Coiners think the governments of the world are going to sit idly by while they're literally cut out of the economy. I don't see it happening.

You have a tool of speculators and criminals. Nothing more or less. Sure, you can make money off speculation. But none of these things are the future.

Stupidasole
Stupidasole

Fuck off you dumb shill. It's going to crash once it reaches 60

Nojokur
Nojokur

You come off as having disdain for speculative trading. What's your view on derivatives?

Spazyfool
Spazyfool

why?

Fried_Sushi
Fried_Sushi

I'll take my chances it would jump right back up.

Need_TLC
Need_TLC

I think if your IQ is above 110 you should buy property and make money with it. If lower, you should buy shares of other people's property and hope they make money with it.

Nude_Bikergirl
Nude_Bikergirl

Go buy a timeshare mate.

Lunatick
Lunatick

That wouldn't be making money.

Garbage Can Lid
Garbage Can Lid

Now when spout cynical bullshit like that, it shows you have a natural bias towards this sort of thing, making your opinion (while interesting and informative) less reliable.

Booteefool
Booteefool

Imagine what would happen to a government if it allowed its currency to be replaced with a global one. Coiners think the governments of the world are going to sit idly by while they're literally cut out of the economy. I don't see it happening.

us government has backdoor access to eth
it's also pumping eth right now

Lord_Tryzalot
Lord_Tryzalot

I'm yanking your chain mate

Boy_vs_Girl
Boy_vs_Girl

i need a step by step tutorial on setting up an acc/wallet ausfags HELP

Spamalot
Spamalot

it shows you have a natural bias towards this sort of thing
Of course I do. Your threads would be pretty boring if the only people in them agreed with you.
maybe, but it has no reason to pay the vested when it can just as easily declare the thing contraband and start its own. Which it will undoubtedly do if these 'experiments' catch on.

girlDog
girlDog

Usually you pay double for that kind of action, Cotton

cum2soon
cum2soon

I'm new to this, and britfag so may not be entirely relevant for you but could help. Bought in a week or so ago, since ETH has been going up I've dabbled with selling a couple coins to get my head around it and ultimately git comf af. ausfag user, keep in mind I'm also looking for advice.

Here's my current mETHod for turning ETH back into GBP, not sure I'm doing it the best way so if anyone has pointers or advice that'd be swell
set up coinbase account (requires proving ID)
buy ETH on coinbase
sell ETH for GBP (stored on coinbase, not sent to bank acc)
buy BTC on coinbase
send BTC to localbitcoin
sell on localbitcoin for GBP

Is this method too convoluted? Am I doing something glaringly wrong at any stage? I've seen a lot of anons say to avoid coinbase, it's convenient for me right now but if there's a smoother method I'd like to learn it.

Thanks mum, handy info+links

idontknow
idontknow

I bought BTC at local exchange. Now when i deposit them on poloniex when do i pay fees? when i try to buy another coin? when i despit the BTC from my wallet?? for every transaction?

RumChicken
RumChicken

every transaction between coins, fiat or even sending to a wallet has small fees

it's not a big deal and exchanges need to make money

viagrandad
viagrandad

So in poloniex i deposit my BTC and then i can use it to withdraw other currencies? also if i wanna buy ETH with my btc i need to setup a separate ETH wallet into which to transmit the ETH?

I go to deposits and withdrawls, pick deposit BTC and then when i got it i withdraw ETH? and the withdraw process will ask me for an ETH wallet? should i prepare one now?

takes2long
takes2long

Pic related

Ethereum already outperformed Microsoft day one investors, any questions?

kizzmybutt
kizzmybutt

How the literal tits do I mine anything
I wanna have fun and mine memecoins but nothing ever works

Firespawn
Firespawn

0.15% transaction fee on trades and you pay like 0.01 ETH for withdrawing.

So for example if you buy 100 ETH, you'll get 99.85 ETH

SniperWish
SniperWish

thanks for the process still not sure if i can transfer eth for aud tho

n e one??

WebTool
WebTool

You can trade ETH on coinbase for GBP / EUR and use this to buy BTC, you can then send the BTC to localbitcoin and sell the BTC for AUD

Again, I feel like this is a convoluted workaround and there may be a better method, this is just what I've figured out on my own so far, so if anyone else has better advice please share

StonedTime
StonedTime

this legend

ZeroReborn
ZeroReborn

SAMEFAG IS TOO FUCKING STUPID TO EVEN SHITPOST. SAMEFAGGING HIS OWN SHIT ALL THE TIME. PROOF YOUR FAGGOT ETHERIUM PUMP AND DUMP SCAM IS SHIT.

FUCKING SAGE.

STAY MAD CUNT.

AwesomeTucker
AwesomeTucker

Lmao just a kid rerolling in a roll thread.. salty buttcoin newfag detected.

JunkTop
JunkTop

shit, I tripled my money, but it turned out this was all a scam, thanks Veeky Forums

hairygrape
hairygrape

No problem

May we all become MASS COMF
0xeD2Cb3beA956437539f9748d30E214b1a75bd6De

Stark_Naked
Stark_Naked

Set up an account on Gemini

What I outlined here is retarded
it should be
set up coinbase account (requires proving ID)
set up gemini account (requires ID)
buy ETH on coinbase
send to gemini
trade ETH for BTC on gemini
send BTC to localbitcoin
sell on localbitcoin for GBP/AUS/EUR/USD

This method may still be retarded, but marginally less than the above if so

I think to improve it even more you buy from somewhere other than coinbase such as kraken

New_Cliche
New_Cliche

so many unnessesary steps

Just use localbitcoins to buy bitcoin

Send it to poloniex to buy eth

And reverse it

Sell eth for btc on poloniex

Send btc to localbitcoins to sell it

Neither of these websites require your mother maiden name and nudes in order to operate

Booteefool
Booteefool

Noice, cheers m8

Supergrass
Supergrass

... Are you sure this shit is safe?

Harmless_Venom
Harmless_Venom

good goy

Sharpcharm
Sharpcharm

I am somali refugee here in sweden. Please help me and my 7 children by giving the magic ether please. We are very hungry.

0x183e8b6aa79c85533d42b19aecccbb09b4d68018

SomethingNew
SomethingNew

I have zero eth. Please help.

0x1b6cc2a51f632d09e3c41bc4b9ec29126b6a22af

takes2long
takes2long

Fucking kraken has my deposit on hold

SniperGod
SniperGod

Kraken or Coinbase or both? Also, why does it seem like Poloniex is so popular?

StonedTime
StonedTime

Crashing? FUCK

Evil_kitten
Evil_kitten

if you seriously are selling now dont even buy back in you fucktards you BUY the dip not SELL it. Wait till korea wakes up and them the later on 10pm bump all you fucking new no coiners need not apply fuckin up our pump.

Gigastrength
Gigastrength

Well Korea is about to breakout in war

Techpill
Techpill

HAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHAHAAHAHHAHAAHHAAHHAHAHAHAAHAHA

PurpleCharger
PurpleCharger

I'm about to fall for the meme who the fuck do I use as my wallet?

coinbase?
bitfenix?
quoine?

Ignoramus
Ignoramus

I'll use it to buy ETH I swear

1AacdUjPP2YspdpE8UuvnAr5W4wfpFu7v8

Dreamworx
Dreamworx

You need to stop

Lunatick
Lunatick

mfw they can't use patrician BTCe with instant deposits in rubles

Harmless_Venom
Harmless_Venom

This motherfucker said $100 yesterday holy shit the balls on this shill

Evil_kitten
Evil_kitten

investing in a meme currency

haveahappyday
haveahappyday

those numbers tho

w8t4u
w8t4u

Yea because it clearly didnt work for the people that got in at $15 and cashed out at $50.....

Poker_Star
Poker_Star

Who are you that you've been shilling ETH this hard? You've been here for a week or so using the exact same local bitcoins/poloniex sentence to shill for ETH. You even posted on /pol/.

What do you have in ETH? Are you a big-time miner who will sell once it gets ≈55 again?

Stupidasole
Stupidasole

ETH is just another pump and dump, people are there for the short term.. ETH will be in the gutter by next week, coiners btfo

PurpleCharger
PurpleCharger

How can I mine ETH with my GPU?
I could only mine with my CPU in Mist.
What are the command lines to allow only GPU mining?
I know this one "-g" but it's not for Mist.

likme
likme

if you have 20 eth or more you probably want to get a hardware wallet. I have the ledger nano s and it's great. You can plug it into any computer dirty or clean and as long as you have the ethereum wallet app plug in for chrome browser you can easily manage the wallet in your nano s. It's remarkable and gives you some serious peace of mind since digital assets are not covered by any exchange that I know of so your eth is vulnerable there and on your computer since it's accessible to the internet but not your hardware wallet = ledger nano s.

hairygrape
hairygrape

what if it breaks...

Playboyize
Playboyize

You can buy another one and as long as you kept the 24 word recovery phrase in a safe place you can recover your account on the new device.

Methshot
Methshot

This. I trust my hard drive over a $60 FagStick™.

Carnalpleasure
Carnalpleasure

It sounds like it's only as safe as your password then. I'll stay away from meme devices.

SniperGod
SniperGod

see pic OP - it's a nice analogy for what Ethereum means to the crypto world.

TurtleCat
TurtleCat

i have coinbase set up, but i only have $150. worth buying?

Dreamworx
Dreamworx

Neither of these websites require your mother maiden name and nudes in order to operate
Except to buy BTC on localbitcoin for any kind of reasonable rate (i.e. $1100/BTC vs $1400/BTC) you need to buy with a method that invariably involves sending a photo of your drivers' license and a selfie holding a bank cash deposit receipt

Fucking horseshit

Lord_Tryzalot
Lord_Tryzalot

Best way to buy ETH with USD? I can link to bank account or use a debit card.

w8t4u
w8t4u

Yes. Better than nothing.

idontknow
idontknow

I just bought $750 of ETH.

Wish me luck.

CodeBuns
CodeBuns

Hahahahahahahahahahahahahahahahahahahahahahahahahah

I honestly can't tell if you (among many others) are either trolling or trying to bait others to buy.

Crypto is way to volatile and 'new' for any proper trading science to be behind it, there is simply to many unknown variables for one to be able to call out a price target. Sure, one is able to make money if you managed to time it right, just like with any trading. But if you honestly sit here calling for 300 USD ETH (which would be way higher than BTC ATH) you must be delusional.

In a few more years you would be able to do this, but crypto is currently in its infant stage and need more time to grow and appeal to the general populace, the market needs more crypto experience to work out strategies and patterns.

TreeEater
TreeEater

he didn't buy MiloCoin yet

Emberburn
Emberburn

Good luck

Crazy_Nice
Crazy_Nice

the market needs more crypto experience to work out strategies and patterns.
proper trading science

You really dont get it

Once cryptos reach the point where people (i.e. massive corporations) are using 'proper trading science' it's WAAAY too late

'Proper trading science' is shorthand for making 10%PA by employing the smartest PhDs in the country to write algorithms etc, whilst investing millions in hardware to gain the tiniest edge over the competition

^^^This is a losing game for the average investor

Fortunately, cryptos are still at an early (but volatile) stage, where the big corporations don't want to touch them. Plus, the barriers to entry are still way too high for the average normie.

This is a golden time for NEET nerds to leverage their nerd skills and get in on something at an earlier stage than the normies. Sure, wait until you can apply your 'proper trading science' but it will be much more competitive by then

Spamalot
Spamalot

F

The rides over take profits and go home

girlDog
girlDog

Me too bro. Sitting on 80 ETH now

Techpill
Techpill

You really dont get it

No you are the one not getting it, people like you who shill this way with cryptos will make people lose money.

Once cryptos reach the point where people (i.e. massive corporations) are using 'proper trading science' it's WAAAY too late

What do you mean its way to late? Way to late to make money? How come people make money of traditional trading everyday, for decades? What exactly will be late?

'Proper trading science' is shorthand for making 10%PA by employing the smartest PhDs in the country to write algorithms etc, whilst investing millions in hardware to gain the tiniest edge over the competition

Banks, hedgefunds etc do that - the vast majority of traders don't. I average 200-500 USD per day (up to 2-3k on really good days) trading CFDs. I don't use algos, neither do several of my trading friends.

^^^This is a losing game for the average investor

And trading crypto is not? What about those who bought ETH last 24h, already -20%? Yet people here on Veeky Forums and other forums such as stocktwits are shilling with every thread.

Maybe it's because american laws (most users here are american) are not as harsh when you outright lie about something on the market, the SEC won't bother to investigate people on Veeky Forums or stocktwits. But from my experience in Sweden you can't just fucking lie about finances continuously and get away with it.

SniperWish
SniperWish

Fortunately, cryptos are still at an early (but volatile) stage, where the big corporations don't want to touch them. Plus, the barriers to entry are still way too high for the average normie

There is a reason why big players don't touch these things, with all their experience, capital, technology, experts, you don't think that they have already worked out the outcome of this for the near future?

Also what do you even mean the barrier is to high for the average normie, the average normie got more money than the average NEET, by far.

This is a golden time for NEET nerds to leverage their nerd skills and get in on something at an earlier stage than the normies. Sure, wait until you can apply your 'proper trading science' but it will be much more competitive by then

Competitive to what? Do you think that just because big money is onto something you can't make money at the same time as them? In the trading game, you are only competeting against yourself and your ability to see patters, set up a certain strategy for said pattern and be able to predict a pattern, you are not competing against big money, or any other small trader, it's only you.

Please stop deluding yourself and others by shilling crypto this way. It's not the truth and it's damaging for crypto progression, instead you (when I say you I mean all cryptoshills) should admit that buying crypto is a very risky gamble that MIGHT give good money in the future.