Bitcoin...Cryptocurrency

[jlptexashunter]

Originally Posted by Pintail45

If you like to gamble and are ok with losing everything, crypto currency may be for you.

If you play, watch the news. It has the potential to be volatile as all get out and can literally be wiped out in a second. If you've ever heard of a Bank Run, well. They can happen much much faster in the cryptocurrency world.

[Jake]

It's a bubble, but a lot of people have made a lot of money on bubbles.

I always say it is time to sell your real estate holdings when you are getting your hair cut and two of the hair stylists next to you are talking about how they both just got their real estate licenses.

We will see if the same can be said when you hear all your bowhunting buddies talk about Crypto-Coins on your hunting website.

I hope not, I am pulling for you guys, but only from the sidelines on this one.

[bearintex]

Originally Posted by In-Yo-Grill

Get a digital wallet i.e. Coinbase, link your bank account and put some funds in it. Once you have money in Coinbase you can buy bitcoin, ether or litecoin.

The slow part is getting your money from your bank to a digital wallet. Once it's there things happen pretty fast.

Not sure what I'm doing wrong, but my impression of Coinbase so far is about equal to CNN's opinion of Donald Trump. Got the account created, but cannot for the life of me get to the point of linking a CC or bank account due to constant 502 errors on both the phone and ipad. Can't even get logged in on the ipad, keeps telling me the verification SMS code is wrong, despite a direct CNP from one to the other.

[systemnt]

They are having website issues right now.. i signed up yesterday.. but had to get my CU (account created just for this).. to unblock the transfer of funds to GB...
The app is working and ive already made money this morning... got my alerts set... gonna set it and forget about it... hopefully something weird happens and it does well...

[Ironman]

Originally Posted by systemnt

They are having website issues right now.. i signed up yesterday.. but had to get my CU (account created just for this).. to unblock the transfer of funds to GB...
The app is working and ive already made money this morning... got my alerts set... gonna set it and forget about it... hopefully something weird happens and it does well...

Well that was a quick change of heart.

[In-Yo-Grill]

The Coinbase sight is struggling right now. I'll check the app.

Update; App seems to be working fine still.

[systemnt]

Originally Posted by Ironman

Well that was a quick change of heart.

you need to re-read what you think you read...

[Ironman]

Originally Posted by systemnt

you need to re-read what you think you read...

I did. I wish I would have bought in at the beginning as well. Enjoy the bubble burst.

[systemnt]

Originally Posted by Ironman

I did. I wish I would have bought in at the beginning as well. Enjoy the bubble burst.

if it stays on the plus side of my thresholds...and i get to it before its fully deflated...ill consider it a fun game to play

[Stickslinger92]

For those using GDAX, did you feel comfortable giving the last four of your social, address, and uploading your drivers license? I thought everything was supposed to be anonymous?

[wes122984]

Originally Posted by Stickslinger92

For those using GDAX, did you feel comfortable giving the last four of your social, address, and uploading your drivers license? I thought everything was supposed to be anonymous?

In the USA the ones that allow fiat to crypto have to kyc just like any financial institution. Once you get the money in... you can move it around to different wallets / exchanges without signing up for anything .


Sent from my iPhone using Tapatalk

[CJ776]

If you have half a brain you can protect yourself on all the swings with stop losses.....All these inexperienced people are letting their @%& hang out in the wind because they don't know what they're doin or how to trade.

The problem with all crypto is greed. Just like dotcom bubble, people's greed is their downfall.... "ooo I doubled up my stake now I want to triple up " Make your money and get out and wait for steep discounts and dips. Rinse and repeat.

[Sunnylab]

coinbase is having a lot of problems. I can't even login.

[Shane]

Originally Posted by CJ776

If you have half a brain you can protect yourself on all the swings with stop losses.....All these inexperienced people are letting their @%& hang out in the wind because they don't know what they're doin or how to trade.

The problem with all crypto is greed. Just like dotcom bubble, people's greed is their downfall.... "ooo I doubled up my stake now I want to triple up " Make your money and get out and wait for steep discounts and dips. Rinse and repeat.

A lot of smart people who had stop loss orders on their Ethera got hammered back in June when a drop in value triggered their stop loss orders, turning them into market orders. Ethera dropped from $300+ down to $0.10 that day, as all those stop loss orders were getting filled. No circuit breakers in that market.

[TexasArchery_27]

This morning when I checked the price had gone up almost 2000$ since yesterday. Of course it will fluctuate throughout the day, but It's catching on...and fast.

[CJ776]

Originally Posted by Shane

A lot of smart people who had stop loss orders on their Ethera got hammered back in June when a drop in value triggered their stop loss orders, turning them into market orders. Ethera dropped from $300+ down to $0.10 that day, as all those stop loss orders were getting filled. No circuit breakers in that market.

They should've used a stop loss limit order with a limit sell that was below their stop trigger... this is my method for accounting for stop loss "slack". I use that technique on GDAX (which is down by the way @ 10:07 am) frequently.

[Shane]

Originally Posted by CJ776

They should've used a stop loss limit order with a limit sell that was below their stop trigger... this is my method for accounting for stop loss "slack". I use that technique on GDAX (which is down by the way @ 10:07 am) frequently.

[Chew]

I just ran the last few posts through Google Translate and got nothing.

[Ironman]

Originally Posted by Chew

I just ran the last few posts through Google Translate and got nothing.

That's weird. I got "W.T.F."

[systemnt]

That was all geek speak for "I checked the box that said "RECOMMEND WHEN I SHOULD SELL"

[wes122984]

Originally Posted by Shane

A lot of smart people who had stop loss orders on their Ethera got hammered back in June when a drop in value triggered their stop loss orders, turning them into market orders. Ethera dropped from $300+ down to $0.10 that day, as all those stop loss orders were getting filled. No circuit breakers in that market.

Most was refunded by the broker.


Sent from my iPhone using Tapatalk

[AJ the TP Guru]

There are some sites now which state Bitcoin is our preferred mode of cash transactions.

I have real cash at one of these sites, and haven't as yet gone the Bitcoin route. However, my investment there has increased significantly over time, and I am now thinking of partitioning it between cash and Bitcoin.

Does this make sense?

[jshouse]

Originally Posted by AJ the TP Guru

There are some sites now which state Bitcoin is our preferred mode of cash transactions.

I have real cash at one of these sites, and haven't as yet gone the Bitcoin route. However, my investment there has increased significantly over time, and I am now thinking of partitioning it between cash and Bitcoin.

Does this make sense?

nothing in this thread makes sense.

is it weird that a grown man (me) has no idea wth y'all are talking about with all this?

[CJ776]

For all you new investors that are afraid of missing out, don't be. I'd get all your ducks in a row set up a coinbase account or GDAX account, get some cash in it, and wait for a good 30-40% correction then buy some BTC. Bitcoin corrects all the time and is extremely volatile. Buying anything at all time highs without extremely tight stop losses or babysitting is a bad move.

If you miss out on a 10-15% gain at the top who cares? You haven't lost money and you'll make even more when the big correction hits.

Be patient if it corrects below 9k you're getting into buy territory. I am hoping for drop to below 8k.

[systemnt]

yeh ..where were you 74 posts ago...

[Samson]

Man I really wish I hadn't sold the 100btc I had in 2012 for $6 each. But I watched it go from $50 to .$01 in one day after GOX got hacked the first time. And to think I turned off my miners and sold them when I could no longer mine 1 btc per day... but even at 11k each there is still lots of potential. Btc will be 100k each in the next 20 years...

Don't write off Monero as well as Ether and Ripple. All the banks are hopping on the Ripple bandwagon. Monero and Ether can still be mined by normal people with GPUs.

Sent from my KIW-L24 using Tapatalk

[systemnt]

we had a kid (20ish) interning here....had apparently bought low...and quit..(didnt even call in...just told some coworkers he wont be back) .apparently he made a fortune...
I was also around the scene when apple and yahoo were attainable.. but nnnnnnnnnnooooo, i thought chicks, cars, and computer **** were better investments at that time...

[In-Yo-Grill]

Originally Posted by CJ776

For all you new investors that are afraid of missing out, don't be. I'd get all your ducks in a row set up a coinbase account or GDAX account, get some cash in it, and wait for a good 30-40% correction then buy some BTC. Bitcoin corrects all the time and is extremely volatile. Buying anything at all time highs without extremely tight stop losses or babysitting is a bad move.

If you miss out on a 10-15% gain at the top who cares? You haven't lost money and you'll make even more when the big correction hits.

Be patient if it corrects below 9k you're getting into buy territory. I am hoping for drop to below 8k.

I'd be all over it if it dropped even close to 8K. I don't think that's gonna happen.

[batmaninja]

To the people investing now, how high do you see it going? Is there a price where you pull out?

[Throwin Darts]

Originally Posted by systemnt

we had a kid (20ish) interning here....had apparently bought low...and quit..(didnt even call in...just told some coworkers he wont be back) .apparently he made a fortune...
I was also around the scene when apple and yahoo were attainable.. but nnnnnnnnnnooooo, i thought chicks, cars, and computer **** were better investments at that time...

I know of a kid who is an analyst at Fidelity. When American Airlines tanked he sold everything he owned, including his car, and went all in on options and sold them all for $1.6 million. He bought a Lamborghini and drives it to work as an analyst. ha ha ha.

[Chew]

Do the apps give you instant updates on the bitcoin market?

[systemnt]

Originally Posted by Chew

Do the apps give you instant updates on the bitcoin market?

i have alerts..but the app is quicker to update than the webpage ive found..(coinbase anyway)

[bdog14]

What happens when the government outlaws accepting bitcoin for goods/services?

[systemnt]

Originally Posted by bdog14

What happens when the government outlaws accepting bitcoin for goods/services?

it gets voted out.

[bdog14]

If it's corrosive to revenue collection, transparency, etc., why would it get voted out?

[systemnt]

Originally Posted by bdog14

If it's corrosive to revenue collection, transparency, etc., why would it get voted out?

Because not everyone gives a **** what the government doesnt like.

[Chew]

Originally Posted by bdog14

If it's corrosive to revenue collection, transparency, etc., why would it get voted out?

I think he was saying the government gets voted out.

[Stickslinger92]

I cant get my Id uploaded on to coinbase at all. Anyone else having this problem?

[JANSLEY817]

Originally Posted by Stickslinger92

I cant get my Id uploaded on to coinbase at all. Anyone else having this problem?

There site says it is having issues with the company they use for identity verification.

[JANSLEY817]

Im having issues getting a debit card set up with them. Already checked with my bank, and they said it has nothing to do with them.

[systemnt]

Originally Posted by Stickslinger92

I cant get my Id uploaded on to coinbase at all. Anyone else having this problem?

using a web/laptop cam? i had to take a pic with my cell (but i set mine up before today..so they might be having issues like was said above)

[bdog14]

Originally Posted by Chew

I think he was saying the government gets voted out.

Oh, gotcha. I'll place my bet on the side of the government, unfortunately. I wish I'd "invested" in this, but I just don't see it ending well.

[In-Yo-Grill]

I heard Coinbase was up to 13million members and growing everyday. Over 300K added last weekend alone.

[In-Yo-Grill]

Originally Posted by bdog14

Oh, gotcha. I'll place my bet on the side of the government, unfortunately. I wish I'd "invested" in this, but I just don't see it ending well.

New York already tried to put the reins on BTC but failed.

[bdog14]

Originally Posted by In-Yo-Grill

New York already tried to put the reins on BTC but failed.

Right, but all it takes(and I believe this will happen...or some variation) is saying that if you accept bitcoin or advertise it, you go to jail(or pay a hefty fine). Then it's over I guess.

[systemnt]

Originally Posted by bdog14

Right, but all it takes(and I believe this will happen...or some variation) is saying that if you accept bitcoin or advertise it, you go to jail(or pay a hefty fine). Then it's over I guess.

That didnt work out so well for getting rid of online gaming..... companies simply ..moved off shore.

[In-Yo-Grill]

Originally Posted by bdog14

Right, but all it takes(and I believe this will happen...or some variation) is saying that if you accept bitcoin or advertise it, you go to jail(or pay a hefty fine). Then it's over I guess.

If our gov't does that, we have much bigger problems than bitcoin.

[bearintex]

Originally Posted by Stickslinger92

I cant get my Id uploaded on to coinbase at all. Anyone else having this problem?

I bet I've tried getting mine setup 30 times between work PC (wired connection), iPhone app, iPad web browser. Frustrating.

[In-Yo-Grill]

Geez!!! A perfect example of how eff'd up our banking system is. I transferred some money from my bank to Coinbase yesterday. Still waiting on the funds to show up over 24hrs later. I deposited CASH and was told it was immediately available to use.

[JANSLEY817]

Originally Posted by In-Yo-Grill

Geez!!! A perfect example of how eff'd up our banking system is. I transferred some money from my bank to Coinbase yesterday. Still waiting on the funds to show up over 24hrs later. I deposited CASH and was told it was immediately available to use.

I added my account yesterday. Show the funds wont be available till next week.