Originally posted by Chad_E
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Bitcoin...Cryptocurrency
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Originally posted by Chad_E View PostBased on what I understand, that wouldn't change my situation. It still requires a deposit from my bank account. I don't have a debit card for this bank account. I set up a separate account just for investing. Plus the fees associated with Coinbase are substantial compared to GDAX.
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Originally posted by thegrouse View PostI bought and it shows the price I paid and the amount I bought. They are not available to resell until they actually show up in my account. This will take a few days but I got a receipt of the number of shares I bought at the price I paid. The money has been taken from my bank but the shares are not available to sell yet. I wasn't concerned about the fees with such a volatile investment at this point.Originally posted by Throwin' Darts View Postthegrouse is right. You could have bought immediately through Coinbase and not have to wait until a deposit is made. Who cares about the fees. You would have seen a 3x multiple of your money if you would have just paid the Coinbase fee and locked in on your price last week.
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Instant buy with a linked credit card, in my case Cabelas sponsored my first purchase a few days ago so I got a few club points as an added bonus...let it run up awhile and pulled original investment out to pay off card. Letting the house money do the work now! 4% fee is high, but the gains have made it negligible.
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Originally posted by Chad_E View PostGood 'ol hindsight. Shot myself in the foot for sure. Sadly, the pending transaction doesn't leave anything in the bank account. So now I have no money to spend. Comedy of errors on my end. Of course had we all known LTC would have tripled in a few days, I'm sure we would have all bet the farm. My cautious approach has cost me this time.
I bought some bitcoin at 15.5K and sold again at 17K. Felt like a huge gamble at the time and now seems like it was inevitable.
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Originally posted by Chad_E View PostThere are definitely some on TBH that must not work and if they do, not very efficiently (lately that might be me).
My bank account has been validated, but I'm waiting on my transfer of funds into GDAX. Says it may be Friday before my funds make it into the account. Not sure why it takes so long, but it is what it is.
Has anyone else seen the rumor that ripple and others may be added to coinbase/gdax soon? If so, I would think it would be a solid one to get into.
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Originally posted by Stick'n'String View PostOk, what page in this long thread has the info on getting me started in this cryptocurrency wildfire? What's the best way to get my feet wet and start dabbling in this market?
EASIEST and quickest.. is coinbase. but their website sucks... use the mobile app.
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Originally posted by Stick'n'String View PostOk, what page in this long thread has the info on getting me started in this cryptocurrency wildfire? What's the best way to get my feet wet and start dabbling in this market?
Go to the Coinbase App and set up an account. I tied it to a bank card and they made some small deposits...once you verify the deposits you are good to go.
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