I have had a few people tell me this is the replacement for Bitcoin because
""every single transaction forms a new block and is essentially verified by itself. For your own transactions to be entered into the ultimate register, one must also act as a relay for at least two other transactions. As such, a mining conglomerate is not required to certify that a transaction has taken place.""
And that quoted part is where I get lost. Does that mean I have to use other blockchain currency to buy IOTA?
Iota has the most upside in my opinon. If their tech actually ships and works, it's the winner (which you can say about a lot of cryptos I suppose).
BUT they have some recent major red flags. MIT found a flaw in their crypto and they were also criticized for trying to roll their own in the first place rather than use something that is peer reviewed and tested. Their response? They put the bug there intentionally in case anyone tried to copy their stuff. Mind you, they are purporting to be "open source" because that's generally viewed as a positive. Really brings their capability in question.
Who knows, maybe they're just genius assholes, but it gave me pause.
Personally I will be investing soon in some Bitecoins. Â
Is it always about a week? I bought last Thursday and hey are saying this Thursday. Can I sell/transfer right away?
Yeah, about a week. And yeah, you can sell or send right away. FYI, if you set up 2 Factor Authentication and confirm email they will raise your CC and bank account deposit limits.
RE: RE: How long is it taking you guys to see your funds in Coinbase? Â
Is it always about a week? I bought last Thursday and hey are saying this Thursday. Can I sell/transfer right away?
Yeah, about a week. And yeah, you can sell or send right away. FYI, if you set up 2 Factor Authentication and confirm email they will raise your CC and bank account deposit limits.
Ok thanks. I’m definitely moving some and getting in on IOTA. If i ever get verified by one of these sites of course, such a process
They have by far the most impressive list of finance/banking partnerships and its starting to pay off. Tech is interesting because unlike most other coins it can scale and it can scale right now. Transaction settlement in seconds.
They have by far the most impressive list of finance/banking partnerships and its starting to pay off. Tech is interesting because unlike most other coins it can scale and it can scale right now. Transaction settlement in seconds.
I cant get verified on ANY exchange to purchase Ripple, been trying for days. SO frustrating. Kraken, Poloniex, Bitstamp, Changelly, Binance. NOTHING
They have by far the most impressive list of finance/banking partnerships and its starting to pay off. Tech is interesting because unlike most other coins it can scale and it can scale right now. Transaction settlement in seconds.
I cant get verified on ANY exchange to purchase Ripple, been trying for days. SO frustrating. Kraken, Poloniex, Bitstamp, Changelly, Binance. NOTHING
Ugh, same here bro :-(
I wanted to buy $200 ripple XRP for a week now, which would have been a shit ton of XRP
just eclipsed 50 grand. Ive thoughtabout selling but honestly I dont know what to do with the money. Might as well keep holding
Man, sucks for you.
If real, pull out 3/4 of it and invest that into a blue chip stock with a high dividend yield that you can reinvest and don't touch it. The other 1/4 keep in Bitcoin and ride or die with it (a crash will come sooner or later).
ripple and any cryptocurrency investors read this. There are some critical points in here about what the value of the cryptocurrency is vs or in addition to the blockchain.
just eclipsed 50 grand. Ive thoughtabout selling but honestly I dont know what to do with the money. Might as well keep holding
Man, sucks for you.
If real, pull out 3/4 of it and invest that into a blue chip stock with a high dividend yield that you can reinvest and don't touch it. The other 1/4 keep in Bitcoin and ride or die with it (a crash will come sooner or later).
Why does getting rich suck for him?
Why would he/she invest in a lame stock instead of cryptos?
just eclipsed 50 grand. Ive thoughtabout selling but honestly I dont know what to do with the money. Might as well keep holding
Man, sucks for you.
If real, pull out 3/4 of it and invest that into a blue chip stock with a high dividend yield that you can reinvest and don't touch it. The other 1/4 keep in Bitcoin and ride or die with it (a crash will come sooner or later).
Why does getting rich suck for him?
Why would he/she invest in a lame stock instead of cryptos?
A - it was a joke
B - invest in cryptos all you want but the bubble will burst on most of them or all of them at some point.
C - investing a large chunk of money in blue chip stocks with high dividend yields is an excellent strategy for long term growth with very limited risk. If this guy truly has no use right now for the money, then keep it safe and growing instead of unsafe with high amounts of risk.
D - do whatever you want, I really don't care
RE: RE: Hey, Uconn,sorry if that sounded condicending Â
A - it was a joke
B - invest in cryptos all you want but the bubble will burst on most of them or all of them at some point.
C - investing a large chunk of money in blue chip stocks with high dividend yields is an excellent strategy for long term growth with very limited risk. If this guy truly has no use right now for the money, then keep it safe and growing instead of unsafe with high amounts of risk.
D - do whatever you want, I really don't care
Fair enough man. All the love Uconn.
Imo , if it does "pop" or "burst" there is a high chance it just rebounds 3 times as high and 5 times faster. Cryptos are so unpredictability weird. Which does indeed validate you're point about BlueChips.
RE: RE: Hey, Uconn,sorry if that sounded condicending Â
A - it was a joke
B - invest in cryptos all you want but the bubble will burst on most of them or all of them at some point.
C - investing a large chunk of money in blue chip stocks with high dividend yields is an excellent strategy for long term growth with very limited risk. If this guy truly has no use right now for the money, then keep it safe and growing instead of unsafe with high amounts of risk.
D - do whatever you want, I really don't care
There's also something to be said for diversification. And then there's the old adage "There's bulls and bears and pigs, and pigs get slaughtered".
just eclipsed 50 grand. Ive thoughtabout selling but honestly I dont know what to do with the money. Might as well keep holding
Get yourself a hardware wallet ASAP if you don't already have one. Trezor or Ledger are favorites of many.
Both of the wallet apps have god awful reviews
The wallet apps are different than the actual wallet. You can connect different apps to it. For instance, NEO (an Ethereum rival in China) released its own wallet called NEON. You are able to connect the NEON wallet with the Ledger hardware wallet.
RE: RE: RE: Hey, Uconn,sorry if that sounded condicending Â
A - it was a joke
B - invest in cryptos all you want but the bubble will burst on most of them or all of them at some point.
C - investing a large chunk of money in blue chip stocks with high dividend yields is an excellent strategy for long term growth with very limited risk. If this guy truly has no use right now for the money, then keep it safe and growing instead of unsafe with high amounts of risk.
D - do whatever you want, I really don't care
Fair enough man. All the love Uconn.
Imo , if it does "pop" or "burst" there is a high chance it just rebounds 3 times as high and 5 times faster. Cryptos are so unpredictability weird. Which does indeed validate you're point about BlueChips.
Yeah, this is why I can't take listening to the 'bubble' argument. So, the Bitcoin bubble pops and it falls to 14K then 12K, then 10K..okay, I could see people liquidate their holdings in fear at this point. Institutions? Nah. People holding from 2013? Nah.
But 8K, ...6K ...4K? It would never ever reach this price. There would be a mad dash for 8K Bitcoin.
is that there's a chance that you flat out lose everything, not just that the value tanks. Whether its hacked or banned, its an issue from an investment standpoint.
I hope you all make a lot of money, and maybe one day I'll invest, but right now its like MJ stocks (which I own a bit of) and the rollercoaster doesn't seem worth it unless you are OK losing your money.
You're talking about a physical hardware wallet right? Like if you wanted to cash out and store your money and not make any further transactions right? If I want to keep buying/selling I have to keep it on the exchange like Coinbase/Bittrex and risk it being compromised?
You're talking about a physical hardware wallet right? Like if you wanted to cash out and store your money and not make any further transactions right? If I want to keep buying/selling I have to keep it on the exchange like Coinbase/Bittrex and risk it being compromised?
Correct. There are different types of wallets like hardware, paper, or digital to name some.
So a paper wallet would be a QR Code that you could scan with your phone to send or receive coins.
A digital wallet is like Loafwallet, which is a Litecoin wallet created by the Litecoin Foundation. It connects directly to the Litecoin network adding some extra security features. (Loafwallet is one of the best digital wallets in the cryptosphere and where I stored my LTC before getting a Ledger)
A hardware wallet is a physical wallet. Think of it as a safe. Usually it looks like a USB. This is the best measure of security. It's pretty much cold storage. Still, you can transfer to another wallet or exchange pretty quickly. You wouldn't "cash out" though, you would just move your coins from exchange to wallet.
If you want to keep buying/selling or trading, I would suggest that you trade your BTC/LTC/ETH on GDAX. You use your coinbase sign in to log in, and limit buys and sells are free. Limit buys are when you set the price for a buy or sell before it reaches that price. Once your limit is hit, your order goes through. So if I set a limit sell of 10 LTC @ 400, your 10 LTC will stay on the exchnage until it reaches 400, then your order will fill, you'll complete the sell and you'll have your cash with NO fees!
that really isn't true. See my previous post. There is chance (how big or small I don't know) that bitcoin will have ZERO value one day.
UCONN, of course it could..but it's a very small chance in my totally biased opinion! Too mainstream now. Too many people talking about it. And yet still not mainstream at all. Go ask 50 people on the street to explain what a Bitcoin is to you. I'd say maybe 2 could and they'd be very general definitions.
Ask those same 50 people the price of bitcoin though and I'd guess more than 50% would know that.
It's all in the tech. That's what is most important and that's what will drive integration.
You're talking about a physical hardware wallet right? Like if you wanted to cash out and store your money and not make any further transactions right? If I want to keep buying/selling I have to keep it on the exchange like Coinbase/Bittrex and risk it being compromised?
Correct. There are different types of wallets like hardware, paper, or digital to name some.
So a paper wallet would be a QR Code that you could scan with your phone to send or receive coins.
A digital wallet is like Loafwallet, which is a Litecoin wallet created by the Litecoin Foundation. It connects directly to the Litecoin network adding some extra security features. (Loafwallet is one of the best digital wallets in the cryptosphere and where I stored my LTC before getting a Ledger)
A hardware wallet is a physical wallet. Think of it as a safe. Usually it looks like a USB. This is the best measure of security. It's pretty much cold storage. Still, you can transfer to another wallet or exchange pretty quickly. You wouldn't "cash out" though, you would just move your coins from exchange to wallet.
If you want to keep buying/selling or trading, I would suggest that you trade your BTC/LTC/ETH on GDAX. You use your coinbase sign in to log in, and limit buys and sells are free. Limit buys are when you set the price for a buy or sell before it reaches that price. Once your limit is hit, your order goes through. So if I set a limit sell of 10 LTC @ 400, your 10 LTC will stay on the exchnage until it reaches 400, then your order will fill, you'll complete the sell and you'll have your cash with NO fees!
Wow great info, thanks! Setting up a GDAX account now. Does anyone know if it's true the fees are higher if you sell within your first year?
You're talking about a physical hardware wallet right? Like if you wanted to cash out and store your money and not make any further transactions right? If I want to keep buying/selling I have to keep it on the exchange like Coinbase/Bittrex and risk it being compromised?
Correct. There are different types of wallets like hardware, paper, or digital to name some.
So a paper wallet would be a QR Code that you could scan with your phone to send or receive coins.
A digital wallet is like Loafwallet, which is a Litecoin wallet created by the Litecoin Foundation. It connects directly to the Litecoin network adding some extra security features. (Loafwallet is one of the best digital wallets in the cryptosphere and where I stored my LTC before getting a Ledger)
A hardware wallet is a physical wallet. Think of it as a safe. Usually it looks like a USB. This is the best measure of security. It's pretty much cold storage. Still, you can transfer to another wallet or exchange pretty quickly. You wouldn't "cash out" though, you would just move your coins from exchange to wallet.
If you want to keep buying/selling or trading, I would suggest that you trade your BTC/LTC/ETH on GDAX. You use your coinbase sign in to log in, and limit buys and sells are free. Limit buys are when you set the price for a buy or sell before it reaches that price. Once your limit is hit, your order goes through. So if I set a limit sell of 10 LTC @ 400, your 10 LTC will stay on the exchnage until it reaches 400, then your order will fill, you'll complete the sell and you'll have your cash with NO fees!
Wow great info, thanks! Setting up a GDAX account now. Does anyone know if it's true the fees are higher if you sell within your first year?
Anytime! Love talking about this stuff. So interesting!
Short Term Capital Gains are about 10% higher on average than Long Term Capital Gains, based on your income of course.
Uconn, apologies if my response came off as snoody. I just really believe in the technology.
This is so damn frustrating. Already would have been up like 3x if it was remotely possible to invest in it!
Took me a while to understand too. Create an account on Binance or Bittrex and get verified (hardest part). Then you transfer Bitcoin from Coinbase to them and purchase Ripple, IOTA, etc. Check the coins you want on the exchanges first because each is different.
Rumor is Ripple, Dash and Monero are coming to Coinbase next month. That would be ideal.
Start the process of getting verified with a real exchange. To get some right now buy Ether, Bitcoin, or Litecoin on Coinbase and use Changelly or Shapeshift to exchange and send to your personal wallet all in one step.
""every single transaction forms a new block and is essentially verified by itself. For your own transactions to be entered into the ultimate register, one must also act as a relay for at least two other transactions. As such, a mining conglomerate is not required to certify that a transaction has taken place.""
And that quoted part is where I get lost. Does that mean I have to use other blockchain currency to buy IOTA?
Iota has the most upside in my opinon. If their tech actually ships and works, it's the winner (which you can say about a lot of cryptos I suppose).
BUT they have some recent major red flags. MIT found a flaw in their crypto and they were also criticized for trying to roll their own in the first place rather than use something that is peer reviewed and tested. Their response? They put the bug there intentionally in case anyone tried to copy their stuff. Mind you, they are purporting to be "open source" because that's generally viewed as a positive. Really brings their capability in question.
Who knows, maybe they're just genius assholes, but it gave me pause.
May cause the market to take a drop. China did the same thing a few months ago and the market was down for weeks.
Though I do not expect something like that to happen again since South Korea is not banning exchanges like China did, Koreans are certainly into LTC.
Yeah happens often during high stress times.
They've had to make a killing from new sign ups the last week. They need new servers.
I made two purchases both with a CC, so they went through instantly.
Quote:
Is it always about a week? I bought last Thursday and hey are saying this Thursday. Can I sell/transfer right away?
I made two purchases both with a CC, so they went through instantly.
Oh i linked my bank and they took the funds out already, didn’t realize it would take so long to post. Good to know.
Yeah, about a week. And yeah, you can sell or send right away. FYI, if you set up 2 Factor Authentication and confirm email they will raise your CC and bank account deposit limits.
Quote:
Is it always about a week? I bought last Thursday and hey are saying this Thursday. Can I sell/transfer right away?
Yeah, about a week. And yeah, you can sell or send right away. FYI, if you set up 2 Factor Authentication and confirm email they will raise your CC and bank account deposit limits.
Ok thanks. I’m definitely moving some and getting in on IOTA. If i ever get verified by one of these sites of course, such a process
IOTA clarifies it has no formal partnership with Microsoft - ( New Window )
It's day time over there
Goodnight Litecoin fam!!
#ToTheMoonWeGo
#500 #1000 #10000 #20000 #100000 #1000000
I cant get verified on ANY exchange to purchase Ripple, been trying for days. SO frustrating. Kraken, Poloniex, Bitstamp, Changelly, Binance. NOTHING
Quote:
They have by far the most impressive list of finance/banking partnerships and its starting to pay off. Tech is interesting because unlike most other coins it can scale and it can scale right now. Transaction settlement in seconds.
I cant get verified on ANY exchange to purchase Ripple, been trying for days. SO frustrating. Kraken, Poloniex, Bitstamp, Changelly, Binance. NOTHING
Ugh, same here bro :-(
I wanted to buy $200 ripple XRP for a week now, which would have been a shit ton of XRP
It's too bad Coinbase never added it
Coinbase is the #1 trending app on the App Store.
CNBC had a 'litecoin ticker' last night giving live price updates.
It looks like Ethereum's day, though.
Coinbase is the #1 trending app on the App Store.
CNBC had a 'litecoin ticker' last night giving live price updates.
It looks like Ethereum's day, though.
Very positive news. For those interested I FINALLY got on Kraken. Now just waiting on verification...
Why bitcoin is now the biggest bubble in history, in one chart - ( New Window )
Seems to be a common denominator in those that chime in without knowing anything about in which they speak.
Comparing it to tulips? Give me a break. It's all FUD.
What a nice problem to have, I'd blow through that real quick lol.
Get yourself a hardware wallet ASAP if you don't already have one. Trezor or Ledger are favorites of many.
https://bittrex.com/ - ( New Window )
Man, sucks for you.
If real, pull out 3/4 of it and invest that into a blue chip stock with a high dividend yield that you can reinvest and don't touch it. The other 1/4 keep in Bitcoin and ride or die with it (a crash will come sooner or later).
Link - ( New Window )
Yes, but I'm still waiting to be verified so I can buy IOTA. Until then I'm using Bittrex. Just bought some NEO and ADA too.
Quote:
just eclipsed 50 grand. Ive thoughtabout selling but honestly I dont know what to do with the money. Might as well keep holding
Man, sucks for you.
If real, pull out 3/4 of it and invest that into a blue chip stock with a high dividend yield that you can reinvest and don't touch it. The other 1/4 keep in Bitcoin and ride or die with it (a crash will come sooner or later).
Why does getting rich suck for him?
Why would he/she invest in a lame stock instead of cryptos?
It's 2017 not 1995
A win, is a win.
Quote:
In comment 13739251 AnyoneButPhilly said:
Quote:
just eclipsed 50 grand. Ive thoughtabout selling but honestly I dont know what to do with the money. Might as well keep holding
Man, sucks for you.
If real, pull out 3/4 of it and invest that into a blue chip stock with a high dividend yield that you can reinvest and don't touch it. The other 1/4 keep in Bitcoin and ride or die with it (a crash will come sooner or later).
Why does getting rich suck for him?
Why would he/she invest in a lame stock instead of cryptos?
It's 2017 not 1995
99% sure he was being sarcastic
Quote:
just eclipsed 50 grand. Ive thoughtabout selling but honestly I dont know what to do with the money. Might as well keep holding
Get yourself a hardware wallet ASAP if you don't already have one. Trezor or Ledger are favorites of many.
Both of the wallet apps have god awful reviews
A - it was a joke
B - invest in cryptos all you want but the bubble will burst on most of them or all of them at some point.
C - investing a large chunk of money in blue chip stocks with high dividend yields is an excellent strategy for long term growth with very limited risk. If this guy truly has no use right now for the money, then keep it safe and growing instead of unsafe with high amounts of risk.
D - do whatever you want, I really don't care
Quote:
.
A - it was a joke
B - invest in cryptos all you want but the bubble will burst on most of them or all of them at some point.
C - investing a large chunk of money in blue chip stocks with high dividend yields is an excellent strategy for long term growth with very limited risk. If this guy truly has no use right now for the money, then keep it safe and growing instead of unsafe with high amounts of risk.
D - do whatever you want, I really don't care
Fair enough man. All the love Uconn.
Imo , if it does "pop" or "burst" there is a high chance it just rebounds 3 times as high and 5 times faster. Cryptos are so unpredictability weird. Which does indeed validate you're point about BlueChips.
Quote:
.
A - it was a joke
B - invest in cryptos all you want but the bubble will burst on most of them or all of them at some point.
C - investing a large chunk of money in blue chip stocks with high dividend yields is an excellent strategy for long term growth with very limited risk. If this guy truly has no use right now for the money, then keep it safe and growing instead of unsafe with high amounts of risk.
D - do whatever you want, I really don't care
There's also something to be said for diversification. And then there's the old adage "There's bulls and bears and pigs, and pigs get slaughtered".
Quote:
In comment 13739251 AnyoneButPhilly said:
Quote:
just eclipsed 50 grand. Ive thoughtabout selling but honestly I dont know what to do with the money. Might as well keep holding
Get yourself a hardware wallet ASAP if you don't already have one. Trezor or Ledger are favorites of many.
Both of the wallet apps have god awful reviews
The wallet apps are different than the actual wallet. You can connect different apps to it. For instance, NEO (an Ethereum rival in China) released its own wallet called NEON. You are able to connect the NEON wallet with the Ledger hardware wallet.
Quote:
In comment 13739979 DennyInDenville said:
Quote:
.
A - it was a joke
B - invest in cryptos all you want but the bubble will burst on most of them or all of them at some point.
C - investing a large chunk of money in blue chip stocks with high dividend yields is an excellent strategy for long term growth with very limited risk. If this guy truly has no use right now for the money, then keep it safe and growing instead of unsafe with high amounts of risk.
D - do whatever you want, I really don't care
Fair enough man. All the love Uconn.
Imo , if it does "pop" or "burst" there is a high chance it just rebounds 3 times as high and 5 times faster. Cryptos are so unpredictability weird. Which does indeed validate you're point about BlueChips.
Yeah, this is why I can't take listening to the 'bubble' argument. So, the Bitcoin bubble pops and it falls to 14K then 12K, then 10K..okay, I could see people liquidate their holdings in fear at this point. Institutions? Nah. People holding from 2013? Nah.
But 8K, ...6K ...4K? It would never ever reach this price. There would be a mad dash for 8K Bitcoin.
Bubble Popping = Buying Opportunity
I hope you all make a lot of money, and maybe one day I'll invest, but right now its like MJ stocks (which I own a bit of) and the rollercoaster doesn't seem worth it unless you are OK losing your money.
Correct. There are different types of wallets like hardware, paper, or digital to name some.
So a paper wallet would be a QR Code that you could scan with your phone to send or receive coins.
A digital wallet is like Loafwallet, which is a Litecoin wallet created by the Litecoin Foundation. It connects directly to the Litecoin network adding some extra security features. (Loafwallet is one of the best digital wallets in the cryptosphere and where I stored my LTC before getting a Ledger)
A hardware wallet is a physical wallet. Think of it as a safe. Usually it looks like a USB. This is the best measure of security. It's pretty much cold storage. Still, you can transfer to another wallet or exchange pretty quickly. You wouldn't "cash out" though, you would just move your coins from exchange to wallet.
If you want to keep buying/selling or trading, I would suggest that you trade your BTC/LTC/ETH on GDAX. You use your coinbase sign in to log in, and limit buys and sells are free. Limit buys are when you set the price for a buy or sell before it reaches that price. Once your limit is hit, your order goes through. So if I set a limit sell of 10 LTC @ 400, your 10 LTC will stay on the exchnage until it reaches 400, then your order will fill, you'll complete the sell and you'll have your cash with NO fees!
UCONN, of course it could..but it's a very small chance in my totally biased opinion! Too mainstream now. Too many people talking about it. And yet still not mainstream at all. Go ask 50 people on the street to explain what a Bitcoin is to you. I'd say maybe 2 could and they'd be very general definitions.
Ask those same 50 people the price of bitcoin though and I'd guess more than 50% would know that.
It's all in the tech. That's what is most important and that's what will drive integration.
Quote:
You're talking about a physical hardware wallet right? Like if you wanted to cash out and store your money and not make any further transactions right? If I want to keep buying/selling I have to keep it on the exchange like Coinbase/Bittrex and risk it being compromised?
Correct. There are different types of wallets like hardware, paper, or digital to name some.
So a paper wallet would be a QR Code that you could scan with your phone to send or receive coins.
A digital wallet is like Loafwallet, which is a Litecoin wallet created by the Litecoin Foundation. It connects directly to the Litecoin network adding some extra security features. (Loafwallet is one of the best digital wallets in the cryptosphere and where I stored my LTC before getting a Ledger)
A hardware wallet is a physical wallet. Think of it as a safe. Usually it looks like a USB. This is the best measure of security. It's pretty much cold storage. Still, you can transfer to another wallet or exchange pretty quickly. You wouldn't "cash out" though, you would just move your coins from exchange to wallet.
If you want to keep buying/selling or trading, I would suggest that you trade your BTC/LTC/ETH on GDAX. You use your coinbase sign in to log in, and limit buys and sells are free. Limit buys are when you set the price for a buy or sell before it reaches that price. Once your limit is hit, your order goes through. So if I set a limit sell of 10 LTC @ 400, your 10 LTC will stay on the exchnage until it reaches 400, then your order will fill, you'll complete the sell and you'll have your cash with NO fees!
Wow great info, thanks! Setting up a GDAX account now. Does anyone know if it's true the fees are higher if you sell within your first year?
Quote:
In comment 13740099 BigBlue4You09 said:
Quote:
You're talking about a physical hardware wallet right? Like if you wanted to cash out and store your money and not make any further transactions right? If I want to keep buying/selling I have to keep it on the exchange like Coinbase/Bittrex and risk it being compromised?
Correct. There are different types of wallets like hardware, paper, or digital to name some.
So a paper wallet would be a QR Code that you could scan with your phone to send or receive coins.
A digital wallet is like Loafwallet, which is a Litecoin wallet created by the Litecoin Foundation. It connects directly to the Litecoin network adding some extra security features. (Loafwallet is one of the best digital wallets in the cryptosphere and where I stored my LTC before getting a Ledger)
A hardware wallet is a physical wallet. Think of it as a safe. Usually it looks like a USB. This is the best measure of security. It's pretty much cold storage. Still, you can transfer to another wallet or exchange pretty quickly. You wouldn't "cash out" though, you would just move your coins from exchange to wallet.
If you want to keep buying/selling or trading, I would suggest that you trade your BTC/LTC/ETH on GDAX. You use your coinbase sign in to log in, and limit buys and sells are free. Limit buys are when you set the price for a buy or sell before it reaches that price. Once your limit is hit, your order goes through. So if I set a limit sell of 10 LTC @ 400, your 10 LTC will stay on the exchnage until it reaches 400, then your order will fill, you'll complete the sell and you'll have your cash with NO fees!
Wow great info, thanks! Setting up a GDAX account now. Does anyone know if it's true the fees are higher if you sell within your first year?
Anytime! Love talking about this stuff. So interesting!
Short Term Capital Gains are about 10% higher on average than Long Term Capital Gains, based on your income of course.
Uconn, apologies if my response came off as snoody. I just really believe in the technology.
Took me a while to understand too. Create an account on Binance or Bittrex and get verified (hardest part). Then you transfer Bitcoin from Coinbase to them and purchase Ripple, IOTA, etc. Check the coins you want on the exchanges first because each is different.
Rumor is Ripple, Dash and Monero are coming to Coinbase next month. That would be ideal.