Why demand is so out of whack with supply will be a case study in B-school for the next generation.
I think the run on Bitcoin will be triggered by a hack, or something. Get the thought out there that this crytocurrency could be stolen or worse, faked out by its own block chain software, and its value will go poof.
Are there capital gains you have to pay, once you sell? Â
were trying to take it public or whatever the proper term is. While it's hitting a roadblock it appears that it is nearing that stage and probably a cause for the surge. They are billionaires because of it. However, Steam is no longer accepting it as payment because of its volatility which I could see it as taking a hit.
thats not life changing money. Some people specultae it could go to 100k, 500k, 1M by 2020. Hold onto it.
Please tell me why it might go to $1 mil? It's a unit of exchange not backed by any government. It produces no value added product and provides no service other than as an exchange.
It's far too late to buy into. To me, it has all the signs of a pyramid scheme. That being said, like the previous poster said, if you have 1 or 2 bitcoin that you got before the price skyrocketed, than you might as well ride this thing out and see just how much money you can get out of it.
sell it at 20k... this shit is gonna drop real fast Â
were trying to take it public or whatever the proper term is. While it's hitting a roadblock it appears that it is nearing that stage and probably a cause for the surge. They are billionaires because of it. However, Steam is no longer accepting it as payment because of its volatility which I could see it as taking a hit.
What? How can you possibly take a digital currency public?
The crash, I think, is inevitable. Who even accepts bitcoins right now?
It should not ever be ignored. Cryptocurrency how no inherent value that one can assess as greater than or less than its stated value.
It is speculation, pure and simple. You think its going up? Fine. Buy it, but don't pretend you know anything about it that can point to its future value.
All Im saying is 18K, 20K thats a nice chunk, it is Â
But give yourself a shot at earning a lot more. Especially if you own just 1 bitcoin. It could crash, sure but 20k can't change your life or lifestyle. I'm going to hold just to see where it goes. Do your own research!
is that people "think" it gives them anonymity, when in actuality it's the opposite.
Once your identity is revealed (which is not too difficult to do and there are companies actively revealing identities for their clients), literally every transaction made with the currency is exposed for anyone on the internet to see through Bitcoin's public ledger.
I'm a math guy, not a Bitcoin expert, so my interest has been in how the math works with the system. I think people don't realize that once their identity is revealed every "hidden" transaction becomes exposed worldwide.
I think the risk here is that someone soon writes an article exposing this privacy risk and the currency gets dumped.
RE: All Im saying is 18K, 20K thats a nice chunk, it is Â
But give yourself a shot at earning a lot more. Especially if you own just 1 bitcoin. It could crash, sure but 20k can't change your life or lifestyle. I'm going to hold just to see where it goes. Do your own research!
What research? There’s no research you can do to justify owning it. Ride the wave of the craze if you like, but it’s just outright gambling. If you would lay down $20K on the Giants, then Bitcoin is for you.
is that people "think" it gives them anonymity, when in actuality it's the opposite.
Once your identity is revealed (which is not too difficult to do and there are companies actively revealing identities for their clients), literally every transaction made with the currency is exposed for anyone on the internet to see through Bitcoin's public ledger.
I'm a math guy, not a Bitcoin expert, so my interest has been in how the math works with the system. I think people don't realize that once their identity is revealed every "hidden" transaction becomes exposed worldwide.
I think the risk here is that someone soon writes an article exposing this privacy risk and the currency gets dumped.
I have a pile of money just sitting in the bank and people keep telling me to buy bitcoins when I ask how should I invest. From the comments here, it seems a bit risky and I'm relatively conservative when it comes to money.
I have a pile of money just sitting in the bank and people keep telling me to buy bitcoins when I ask how should I invest. From the comments here, it seems a bit risky and I'm relatively conservative when it comes to money.
That ship sailed
However litecoin and xrp are still very cheap
However if you have extra money..
Consider buying 2-3 bitcoins and sitting on them, quick.
Download the coinbase app today to get started
You can literally buy $50 of bitcoin and invest with that Â
I bought $100 worth of Litecoin last night for the hell of it on the Coinbase app. I'll probably double it then see what happens. I could piss that away at the bar in one night. What the hell.
RE: RE: All Im saying is 18K, 20K thats a nice chunk, it is Â
But give yourself a shot at earning a lot more. Especially if you own just 1 bitcoin. It could crash, sure but 20k can't change your life or lifestyle. I'm going to hold just to see where it goes. Do your own research!
What research? There’s no research you can do to justify owning it. Ride the wave of the craze if you like, but it’s just outright gambling. If you would lay down $20K on the Giants, then Bitcoin is for you.
Not telling anyone to plunk down $20K now, my investment was much less. I got it much earlier and I'm willing to just see where it goes.
Not telling anyone to plunk down $20K now, my investment was much less. I got it much earlier and I'm willing to just see where it goes.
Classic gambler’s mentality. “I’m playing with the house’s money.”
No: it was the house’s money. Now it’s yours, and it’s completeky within your control what happens to it going forward. Fortunes have been lost with the “let it ride” mentality.
Is there vitriol because you feel its a scam? Why are people upset? Is it being promoted too much?
Not upset — flabbergasted @ people’s attitudes. It’s their money and they can do what the like. But a lot of people are going to lose a bundle when the bottom drops.
there is little doubt to me. in fact blockchain could either a) force big banks to significantly change the way they do business or obsolete them completely.
big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.
From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.
so I see bitcoin not being essential, but blockchain, absolutely.
I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.
and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.
Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.
anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.
there is little doubt to me. in fact blockchain could either a) force big banks to significantly change the way they do business or obsolete them completely.
big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.
From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.
so I see bitcoin not being essential, but blockchain, absolutely.
I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.
and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.
Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.
anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.
there is little doubt to me. in fact blockchain could either a) force big banks to significantly change the way they do business or obsolete them completely.
big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.
From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.
so I see bitcoin not being essential, but blockchain, absolutely.
I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.
and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.
Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.
anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.
Good post. I heard Iceland has serious mining going on too but with the geysers or something..
So you think Xrp at 30 cents is the way to go long term?
About the drain that Bitcoin mining puts on the power grid. Seriously scary stuff
Bitcoin mining now consumes more energy than Ireland. The amount of energy it takes to authenticate one Bitcoin transaction is equal to amount of energy the average US home consumes in a week. And the amount keeps growing.
there is little doubt to me. in fact blockchain could either a) force big banks to significantly change the way they do business or obsolete them completely.
big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.
From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.
so I see bitcoin not being essential, but blockchain, absolutely.
I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.
and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.
Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.
anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.
Good post. I heard Iceland has serious mining going on too but with the geysers or something..
So you think Xrp at 30 cents is the way to go long term?
I like it better than Bitcoin as a global currency protocol if you want to call it that, but I would never offer investment advice and I'm not an expert, I just shared my opinion based on my experiences.
there is little doubt to me. in fact blockchain could either a) force big banks to significantly change the way they do business or obsolete them completely.
big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.
From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.
so I see bitcoin not being essential, but blockchain, absolutely.
I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.
and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.
Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.
anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.
Good post. I heard Iceland has serious mining going on too but with the geysers or something..
So you think Xrp at 30 cents is the way to go long term?
I like it better than Bitcoin as a global currency protocol if you want to call it that, but I would never offer investment advice and I'm not an expert, I just shared my opinion based on my experiences.
Thank you. Yeah it's a gamble like Jim says, but I'm gonna try to hop on the Xrp train very soon. Very confusing stuff compared to using the Coinbase app
When people start to realize it will never be a transactional currency. It's best case is to be the new gold. I don't think the current price and buy up reflect that.
is that people "think" it gives them anonymity, when in actuality it's the opposite.
Once your identity is revealed (which is not too difficult to do and there are companies actively revealing identities for their clients), literally every transaction made with the currency is exposed for anyone on the internet to see through Bitcoin's public ledger.
I'm a math guy, not a Bitcoin expert, so my interest has been in how the math works with the system. I think people don't realize that once their identity is revealed every "hidden" transaction becomes exposed worldwide.
I think the risk here is that someone soon writes an article exposing this privacy risk and the currency gets dumped.
Dont know much about the tech, but this exact sentiment is why I think Monero or Dash will be huge winners when the dust settles.
Congrats to those of you that have chosen to invest in Litecoin Â
Its market rate is only ~$425 for one "ether". I have a feeling this will be the next "crypto-currency" to soar.
Ethereum is backed by blockchain, which is a prototype tech company with several big time companies investing in it. A friend of mine was at Microsoft campus the other day and said they are trying to use Blockchain to track analytics. Basically, Blockchain would need to fail for ethereum to fail, and that is not likely to happen.
Ethereum is the best value (BTC is around 16-17k) and least likely to crash
RE: RE: And with the failed fork a few weeks ago, Â
It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.
Litecoin will follow.
What do you expect from Litecoin in the next 12-24 months? Realistically? I've seen conservative estimates of 500 - 1000 etc.
I'm not a professional BY ANY MEANS but I do read technical analysis as a sort of hobby.
I think $500 is very attainable by the end of 2018. It should be a big year. MAST, Lightning Network and Atomic Swaps are big implementations that will help bridge the gap between BTC and LTC from a tech standpoint and will make the two practically identical when it comes to implementation and actually usability.
I thought Bitcoin could reach 50K by 2020. It looks like it's gonna reach that next week. So any predictions are just that at this point. I don't think anybody anticipated the amount of new money that came in this week. Now, when it hits an eventual drop..does that money cash out into cash? Does it trickly into altcoins? Time will tell. I'll guess it trickles into altcoins.
Right now, Bitcoin has over 200,000 unconfirmed transactions. That's a problem. And as more and more people enter the fray, that number will only grow. Litecoin's network is needed in this industry.
So, to answer your question, I think $500 in very realistic by the end of 2018. Possible sooner.
By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.
Bitcoin is Ask Jeeves
Litecoin is Google
And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.
RE: If you have 1 or 2, don't sell, not worth it for 18k Â
By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.
Bitcoin is Ask Jeeves
Litecoin is Google
And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.
Yeah, OK, so there is this thing that outperforms all sectors and industries in net earnings and it will continue forever. No bubble possible there.
Someone told me if I had $1K to start with $250 bitcoin and $250 Ethereum and do the same again in 2-4 weeks.
Dollar cost averaging involves investing a constant number of dollars/coin through time. Done this way you buy more shares when the price is low and fewer when the price is high. A wise strategy for any non-trading investor.
RE: RE: Anybody know about dollar cost averaging? Â
Someone told me if I had $1K to start with $250 bitcoin and $250 Ethereum and do the same again in 2-4 weeks.
Dollar cost averaging involves investing a constant number of dollars/coin through time. Done this way you buy more shares when the price is low and fewer when the price is high. A wise strategy for any non-trading investor.
Perfect, thanks
RE: What about other crypto currencies like Ripple Â
It can't really hurt to invest in ripple right now at around .25 cents per. There is RUMORS that mastercard is looking into using ripple, and ran tests last month with ripple for cross border payments. I was thinking of buying $50-100 worth. If it blows up, great, If not, then I lose a little bit of money.
RE: RE: What about other crypto currencies like Ripple Â
It can't really hurt to invest in ripple right now at around .25 cents per. There is RUMORS that mastercard is looking into using ripple, and ran tests last month with ripple for cross border payments. I was thinking of buying $50-100 worth. If it blows up, great, If not, then I lose a little bit of money.
That dog’s not gonna hunt. MasterCard created its own blockchain system for cross-border currency transfers. It doesn’t use a cryptocurrency — it just uses blockchain as a means to transfer dollars, euros, etc. It’s deemed likely they are using the technology behind Ripple, but that means nothing for owners of Ripple.
Financial companies have no reason to use cryptocurrencies created by others.
RE: RE: RE: What about other crypto currencies like Ripple Â
It can't really hurt to invest in ripple right now at around .25 cents per. There is RUMORS that mastercard is looking into using ripple, and ran tests last month with ripple for cross border payments. I was thinking of buying $50-100 worth. If it blows up, great, If not, then I lose a little bit of money.
That dog’s not gonna hunt. MasterCard created its own blockchain system for cross-border currency transfers. It doesn’t use a cryptocurrency — it just uses blockchain as a means to transfer dollars, euros, etc. It’s deemed likely they are using the technology behind Ripple, but that means nothing for owners of Ripple.
Financial companies have no reason to use cryptocurrencies created by others.
The financial services sector will not use bitcoin etc because it is too volatile and you cannot reliably count on your equity. How would an accountant value a $1 billion stake in bitcoin, would you put your retirement on that? Will the FDIC insure it?
Use your bitcoin to buy drugs and women on the web, but until it has a semi-predictable value, like the currencies backed up by the promise of stable nations (US, UK, Germany, Japan), it is on the margins.
fwiw rumor is some big bank in India is going to buy a ton of Ripple Â
that blockchain is going to have a bigger impact than bitcoin.
bitcoin seems like a very risky gamble - it's not like gold or real estate or bonds where you have a concrete sense of what you are getting with the investment. it's an intangible electronic "currency" that has limited acceptance as a form of payment and is associated with money laundering and criminal activity. I agree with Jamie Dimon, I think it will collapse, whether due to government intervention, hackers or some other factors.
RE: RE: RE: And with the failed fork a few weeks ago, Â
It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.
Litecoin will follow.
What do you expect from Litecoin in the next 12-24 months? Realistically? I've seen conservative estimates of 500 - 1000 etc.
I'm not a professional BY ANY MEANS but I do read technical analysis as a sort of hobby.
I think $500 is very attainable by the end of 2018. It should be a big year. MAST, Lightning Network and Atomic Swaps are big implementations that will help bridge the gap between BTC and LTC from a tech standpoint and will make the two practically identical when it comes to implementation and actually usability.
I thought Bitcoin could reach 50K by 2020. It looks like it's gonna reach that next week. So any predictions are just that at this point. I don't think anybody anticipated the amount of new money that came in this week. Now, when it hits an eventual drop..does that money cash out into cash? Does it trickly into altcoins? Time will tell. I'll guess it trickles into altcoins.
Right now, Bitcoin has over 200,000 unconfirmed transactions. That's a problem. And as more and more people enter the fray, that number will only grow. Litecoin's network is needed in this industry.
So, to answer your question, I think $500 in very realistic by the end of 2018. Possible sooner.
By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.
Bitcoin is Ask Jeeves
Litecoin is Google
And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.
Litecoin up 21% early this morning.
RE: RE: RE: RE: And with the failed fork a few weeks ago, Â
It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.
Litecoin will follow.
What do you expect from Litecoin in the next 12-24 months? Realistically? I've seen conservative estimates of 500 - 1000 etc.
I'm not a professional BY ANY MEANS but I do read technical analysis as a sort of hobby.
I think $500 is very attainable by the end of 2018. It should be a big year. MAST, Lightning Network and Atomic Swaps are big implementations that will help bridge the gap between BTC and LTC from a tech standpoint and will make the two practically identical when it comes to implementation and actually usability.
I thought Bitcoin could reach 50K by 2020. It looks like it's gonna reach that next week. So any predictions are just that at this point. I don't think anybody anticipated the amount of new money that came in this week. Now, when it hits an eventual drop..does that money cash out into cash? Does it trickly into altcoins? Time will tell. I'll guess it trickles into altcoins.
Right now, Bitcoin has over 200,000 unconfirmed transactions. That's a problem. And as more and more people enter the fray, that number will only grow. Litecoin's network is needed in this industry.
So, to answer your question, I think $500 in very realistic by the end of 2018. Possible sooner.
By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.
Bitcoin is Ask Jeeves
Litecoin is Google
And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.
Litecoin up 21% early this morning.
Hells yeah! I'm definitely gonna dump some more in soon
RE: RE: RE: RE: RE: And with the failed fork a few weeks ago, Â
It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.
Litecoin will follow.
What do you expect from Litecoin in the next 12-24 months? Realistically? I've seen conservative estimates of 500 - 1000 etc.
I'm not a professional BY ANY MEANS but I do read technical analysis as a sort of hobby.
I think $500 is very attainable by the end of 2018. It should be a big year. MAST, Lightning Network and Atomic Swaps are big implementations that will help bridge the gap between BTC and LTC from a tech standpoint and will make the two practically identical when it comes to implementation and actually usability.
I thought Bitcoin could reach 50K by 2020. It looks like it's gonna reach that next week. So any predictions are just that at this point. I don't think anybody anticipated the amount of new money that came in this week. Now, when it hits an eventual drop..does that money cash out into cash? Does it trickly into altcoins? Time will tell. I'll guess it trickles into altcoins.
Right now, Bitcoin has over 200,000 unconfirmed transactions. That's a problem. And as more and more people enter the fray, that number will only grow. Litecoin's network is needed in this industry.
So, to answer your question, I think $500 in very realistic by the end of 2018. Possible sooner.
By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.
Bitcoin is Ask Jeeves
Litecoin is Google
And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.
Litecoin up 21% early this morning.
Hells yeah! I'm definitely gonna dump some more in soon
shit tanked and my wife left me to go live with her parents in Boca Raton.
Then it shot back up and she called me to tell me she's moving back in. I told her to go fuck herself but while we were on the phone, it dropped again (!!) and she hissed "oh who needs you anyway, limpdick?"
This is all really taking a toll on my heart. I really do not feel well you guys.
Oh well, big money big money no whammies!
I cashed out some poker winnings last night into Bitcoin Â
I invest in many tech companies that are enabling blockchain infrastructure. some are established major players, fortune 50 companies that are getting into blockchain now like they did with cloud a few years ago, others niche new tech/semi start up, but yes, I'm a believer in blockchain enough to risk my money on it but not via ETFs, just specific stocks.
I invest in many tech companies that are enabling blockchain infrastructure. some are established major players, fortune 50 companies that are getting into blockchain now like they did with cloud a few years ago, others niche new tech/semi start up, but yes, I'm a believer in blockchain enough to risk my money on it but not via ETFs, just specific stocks.
Makes sense. I've been out of the investment game for a few years but will be getting back into it in the near future.
Bitcoin... man I owned 700 bitcoins back in 2012 and used them all to buy drugs from china.
I'd be really wealthy if I kept them.. but knowing me I would have lost the coins via broken hardware or forgotten passwords
You don't really think you're the only one who saw that episode of Big Bang Theory, do you?
You're such a joke.
What are you gargling on about? I've never seen that show..
If you're suggesting I'm not the only one it happened to then.. no shit Sherlock.
If you don't realize how transparent you are, you should probably use the breathalizer that you bought, because you're clearly wasted on Chinese drugs and alkaline water.
I invest in many tech companies that are enabling blockchain infrastructure. some are established major players, fortune 50 companies that are getting into blockchain now like they did with cloud a few years ago, others niche new tech/semi start up, but yes, I'm a believer in blockchain enough to risk my money on it but not via ETFs, just specific stocks.
Are there any resources that you'd recommend that lay out the players / ecosystem for a laymen to get themselves familiar with? Once my bonus hits I'm looking to put some money into the space as well.
And as each day passes I’m getting more and more wary of investing. I have the money to play with and won’t mind losing X Amount so I will invest it. But just reading this thread I’m expecting to lose it. Just stepping back and reading the thread is eye opening. Definitely seems like it’s too good to be true, or get rich quick-ish. These things usually don’t end well. But I’ll put in what I don’t mind losing. ROI and all, ya know?
RE: Gemini is taking forever to verify me since Monday... Â
And as each day passes I’m getting more and more wary of investing. I have the money to play with and won’t mind losing X Amount so I will invest it. But just reading this thread I’m expecting to lose it. Just stepping back and reading the thread is eye opening. Definitely seems like it’s too good to be true, or get rich quick-ish. These things usually don’t end well. But I’ll put in what I don’t mind losing. ROI and all, ya know?
Yeah so true.
I only put in $300 since the new hype Thursday and at most I'll drop another $200.
Expecting to lose it all, but if 2018 is a good year I'll sell 4/5 of my LTC and BTc and call it a win and hope my remaining 1/5 goes far in 19-20
Also the same verification problem happened with me as well Â
Sucks because LTC was in the 90s and didn't get verified until it had already hit 190s and dipped back to 152 where I bought my last one
Yea I feel like I missed the big gains this week. Had I made it in on time I would have pulled out my initial investment and rode the wave on house money. I hope this week wasn’t the end of the over hype and growth. Just give it two more weeks and it can be worth it. Win lose or draw.
Where are the stories of the people who just became "instant millionaires"? If someone bought $1000 in BitCoin 5 years ago and they want out, is there a viable exit plan to convert the BitCoin to USD?
Where are the stories of the people who just became "instant millionaires"? If someone bought $1000 in BitCoin 5 years ago and they want out, is there a viable exit plan to convert the BitCoin to USD?
Yes easily, many many services convert btc to usd
Including the Coinbase app
However, many of those millionaires didn't have coinbse, they'd have to store it themselves
I am storing mine in my coinbase account but after I did all that my friend who works for Blockchain said he uses a Trezor wallet for his bitcoin and litecoin. I didn't look into it because I already have coinbase.
I'm worried one day Coinbase will get hacked and we lose everything Â
My plan is to get 1 $6,000 hooker, then a $1,000 hooker, then a $900 hooker, then a $99 hooker, and finally use that last dollar on like a toothless tweaker to gum me to completion near a dumpster behind the Safeway.
I got into LTC early, it's been great to finally see the coin and team get the recognition it deserves. The price starting pumping the day of this thread and hasn't stopped.
RE: Congrats to those of you that have chosen to invest in Litecoin Â
Litecoin - At what point do I cash in on my initial small investment, guaranteeing I do not lose any money? A dip has to be coming, no? I'm thinking at $400 or $500, and then buy some more with the leftovers once a dip comes. Will a dip come? This is crazy. I bought in at $95.07.
Litecoin - At what point do I cash in on my initial small investment, guaranteeing I do not lose any money? A dip has to be coming, no? I'm thinking at $400 or $500, and then buy some more with the leftovers once a dip comes. Will a dip come? This is crazy. I bought in at $95.07.
I’m wondering the same but I can’t sell because it takes forever for your initial purchase to be active in Coinbase. Anyone know if I can sell sooner?
Litecoin - At what point do I cash in on my initial small investment, guaranteeing I do not lose any money? A dip has to be coming, no? I'm thinking at $400 or $500, and then buy some more with the leftovers once a dip comes. Will a dip come? This is crazy. I bought in at $95.07.
I don't think anyone knows. I'm holding on for the ride. I only put in 200, and in 2 days its almost doubled.
Can anyone here speak about Ripple at all? Is that the "next one"? I'm thinking about just throwing a couple hundred bucks at that in the hopes that it is. Everybody wants to find the next one that could blow up..
RE: Am I really going to buy LTC at 380 now? ugh Â
Can anyone here speak about Ripple at all? Is that the "next one"? I'm thinking about just throwing a couple hundred bucks at that in the hopes that it is. Everybody wants to find the next one that could blow up..
Don't spend more than you are willing to lose. But who knows what it could do. I dont think anyone knows.
RE: Am I really going to buy LTC at 380 now? ugh Â
Can anyone here speak about Ripple at all? Is that the "next one"? I'm thinking about just throwing a couple hundred bucks at that in the hopes that it is. Everybody wants to find the next one that could blow up..
I'm having trouble buying Ripple. I believe I have to wait for my funds to be available in Coinbase and then buy it with Bitcoins using Kraken? Anyone know an easier way?
RE: RE: Am I really going to buy LTC at 380 now? ugh Â
Can anyone here speak about Ripple at all? Is that the "next one"? I'm thinking about just throwing a couple hundred bucks at that in the hopes that it is. Everybody wants to find the next one that could blow up..
Don't spend more than you are willing to lose. But who knows what it could do. I dont think anyone knows.
This is 100% the logic I am using. Fortunately a few hundred/maybe thousand bucks isn't going to kill me in the long term. So if I lose it, whatever.. but the upside seems to far outweigh the downside right now.
I saw the Kraken platform too, but I'm reading mixed reviews on it. Is there a platform as reputable as Coinbase to buy Ripple on? I saw Bitstamp as another option.
RE: RE: RE: Am I really going to buy LTC at 380 now? ugh Â
Can anyone here speak about Ripple at all? Is that the "next one"? I'm thinking about just throwing a couple hundred bucks at that in the hopes that it is. Everybody wants to find the next one that could blow up..
Don't spend more than you are willing to lose. But who knows what it could do. I dont think anyone knows.
This is 100% the logic I am using. Fortunately a few hundred/maybe thousand bucks isn't going to kill me in the long term. So if I lose it, whatever.. but the upside seems to far outweigh the downside right now.
I saw the Kraken platform too, but I'm reading mixed reviews on it. Is there a platform as reputable as Coinbase to buy Ripple on? I saw Bitstamp as another option.
I've also been looking into Poloniex, i's name keeps coming up as a reputable easy to use platform, which it seems to be.
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?
RE: RE: RE: Registration on Bitstamp and Kraken are down Â
haha same. Well I have to wait until my funds are available in Coinbase to transfer them to Binance or Poloniex to buy Ripple and IOTA.
I want to buy some alternate coins too. The problem I have is getting on an exchange that supports the other coins. The verification process is killing it for me.
I know there are sites like changelly, but I'm not very comfortable with that.
RE: RE: Registration on Bitstamp and Kraken are down Â
haha same. Well I have to wait until my funds are available in Coinbase to transfer them to Binance or Poloniex to buy Ripple and IOTA.
I want to buy some alternate coins too. The problem I have is getting on an exchange that supports the other coins. The verification process is killing it for me.
I know there are sites like changelly, but I'm not very comfortable with that.
Yup Poloniex denied my verification and gave no reason. Kraken keeps crashing. I'm waiting on Bitstamp and looking into Binance. Such a pain
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.
but would it make sense to go through the approval process now for when the time does come? Seems like that's the biggest pain in the ass. Is there a cost to open an account?
RE: i'm not interesting in investing at this time Â
but would it make sense to go through the approval process now for when the time does come? Seems like that's the biggest pain in the ass. Is there a cost to open an account?
No it's free. Each is a little different with their process but the most secure ones require a passport/license picture, and a selfie holding your ID and handwritten note. It's pretty easy and some verify much quicker than others. Can't hurt to start now and at least learn more in the process.
Leveled out around $0.75 and they are going to announce partnerships with two major "household" brands that are NOT banks. Could be expanding into e-commerce.
I’ve gone in on some altcoims that will hopefully take off soon. Doing a ton of research and following some key people on Twitter has already paid dividends. Lots of fun so far and making some good money sure doesn’t hurt either.
But do some research on Quantstamp (QSP) if you are invested in Ethereum. It’s a security audit protocol designed to find vulnerabilities in Ethereum smart contracts. Promising team and a necessary niche.
But do some research on Quantstamp (QSP) if you are invested in Ethereum. It’s a security audit protocol designed to find vulnerabilities in Ethereum smart contracts. Promising team and a necessary niche.
It’s on Binance @ .19 right now.
Thanks will take a look. Big fan of NEO and ADA right now.
But do some research on Quantstamp (QSP) if you are invested in Ethereum. It’s a security audit protocol designed to find vulnerabilities in Ethereum smart contracts. Promising team and a necessary niche.
It’s on Binance @ .19 right now.
Thanks will take a look. Big fan of NEO and ADA right now.
Yeah, solid fan of both projects, especially Neo. I got in right after the ICO. Don’t currently have any ADA though.
It’s been rumored that QSP will work with both as well!
Short term thats probably a blow to all the other coins on Coinbase. After the dust settles I'd say Litecoin is hurt the most by this if there isn't an outright Cashening.
Might be associated with Banks refusing to allow transactions. This was posted on a FB group I belong to:
This is actually great exposure for crypto. That will rub the public the wrong way and make them become more open minded to decentralized currency.
As for that scam coin Bitcoin cash, not happy about Coinbase adding it, but I think it hurts Bitcoin more than Litecoin. It’s still the cheapest coin and Bitcoin Cash is now the cheapest Bitcoin to those that don’t know the difference.
through Bitrex. I want to get about 100 coins and then sit on it, because it's going to be a long ride. I wish I thought about investing months ago.
Rumors it's going to be added to Amazon, hopefully that comes to fruition. And I think it's only a matter of time before its' added to Coinbase so it will blow up then regardless. I'm sitting on a couple hundred but looking to add more soon.
Created as a blockchain for banks, unlike 99.9% of the entire rest of the industry, with 60% of circulating supply locked away in escrow and held by Ripple themselves. Therefore, the trading volume and price can easily be manipulated. It is not decentralized. The transaction fees are destroyed, not redistributed and unlike stores of value/currency like BTC and LTC, XRP was created to be destroyed.
In fact, if the platform lasts long enough, every single XRP WILL be destroyed. According to Ripple themselves, the ultimate point of XRP is to be destroyed.
Created as a blockchain for banks, unlike 99.9% of the entire rest of the industry, with 60% of circulating supply locked away in escrow and held by Ripple themselves. Therefore, the trading volume and price can easily be manipulated. It is not decentralized. The transaction fees are destroyed, not redistributed and unlike stores of value/currency like BTC and LTC, XRP was created to be destroyed.
In fact, if the platform lasts long enough, every single XRP WILL be destroyed. According to Ripple themselves, the ultimate point of XRP is to be destroyed.
I'll just say you need to do your research.
But in regards to the escrow, the fact that they put 55bil in escrow recently is exactly why the price has been surging ever since. With the lion's share in escrow, Ripple CANT flood the market with XRP (not that they'd want to anyway). That's why the big money is getting in now.
Created as a blockchain for banks, unlike 99.9% of the entire rest of the industry, with 60% of circulating supply locked away in escrow and held by Ripple themselves. Therefore, the trading volume and price can easily be manipulated. It is not decentralized. The transaction fees are destroyed, not redistributed and unlike stores of value/currency like BTC and LTC, XRP was created to be destroyed.
In fact, if the platform lasts long enough, every single XRP WILL be destroyed. According to Ripple themselves, the ultimate point of XRP is to be destroyed.
I'll just say you need to do your research.
But in regards to the escrow, the fact that they put 55bil in escrow recently is exactly why the price has been surging ever since. With the lion's share in escrow, Ripple CANT flood the market with XRP (not that they'd want to anyway). That's why the big money is getting in now.
Admittedly don’t know as much about XRP than ofher projects. I do expect it to be added to Coinbase though
Bitcoin, Litecoin, and Ethereum took massive dives. I am not sure what happened.
Most of you guys are obviously following this much more closely than I am, but I'm just going to throw it out there from the few people that I know, there are some who have been riding the crypto spec wave all year who might be cashing out on anything volatile and closing up shop for the calendar year by COB tomorrow. That's kind of scary for a valuation that's almost entirely built on spec to begin with, isn't it?
When the "irrational exuberance" for esoteric investment "opportunities" hits BBI it is time to run for your financial life. The OP was not the cause of the inevitable demise, just a near goddamn perfect indicator of what was about to unfold.
Again, not saying you can't make money on it, but be careful.
Long Island Iced Tea manufacturer changes name to Long Island Blockchain and the stock went up 200%.
if that doesn't scream dot.com era inflation not sure what does.
Quote:
Huh? Tea maker to become blockchain company. Stock soars
Quote:
A publicly traded company named Long Island Iced Tea Corp. (LTEA) -- which as the moniker implies is based on Long Island and makes iced tea -- is changing its name to Long Blockchain Corp. and wants to buy some firms in the cryptocurrency business.
When the "irrational exuberance" for esoteric investment "opportunities" hits BBI it is time to run for your financial life. The OP was not the cause of the inevitable demise, just a near goddamn perfect indicator of what was about to unfold.
just tried and Coinbase has suspended trading right now, haha
I got a quick transaction in thankfully lol. Credit cards are instant purchases, bank accounts are 5-7 days. And you’re locked in at the price you buy it at, it’s then adjust when the deposit goes through. AKA people who bought last week are going to be butthurt when it appears.
When the "irrational exuberance" for esoteric investment "opportunities" hits BBI it is time to run for your financial life. The OP was not the cause of the inevitable demise, just a near goddamn perfect indicator of what was about to unfold.
At least tulips are nice to look at.
Huh? Litecoin is still up 160% after this tumble from the date of the OP.
Corrections are needed when you go up 300% in a weekend.
When the "irrational exuberance" for esoteric investment "opportunities" hits BBI it is time to run for your financial life. The OP was not the cause of the inevitable demise, just a near goddamn perfect indicator of what was about to unfold.
At least tulips are nice to look at.
Huh? Litecoin is still up 160% after this tumble from the date of the OP.
Corrections are needed when you go up 300% in a weekend.
"Bitcoin has "crashed" 30% SIX TIMES in 2017. Each "crash" has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. Bitcoin takes 7 steps forward, 2 steps back, 7 steps forward, 2 steps back. Every 2 steps back is heralded as the end of #bitcoin."
When the "irrational exuberance" for esoteric investment "opportunities" hits BBI it is time to run for your financial life. The OP was not the cause of the inevitable demise, just a near goddamn perfect indicator of what was about to unfold.
At least tulips are nice to look at.
Huh? Litecoin is still up 160% after this tumble from the date of the OP.
Corrections are needed when you go up 300% in a weekend.
"Bitcoin has "crashed" 30% SIX TIMES in 2017. Each "crash" has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. Bitcoin takes 7 steps forward, 2 steps back, 7 steps forward, 2 steps back. Every 2 steps back is heralded as the end of #bitcoin."
Yeah but I'm sure that THIS one will be the "inevitable demise"!
Go look at the charts this year for 4th of July, Labor Day, Halloween, and Thanksgiving. This won't last long.
"Hey, we're losin' all our goddamn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife ain't gonna f... my wife ain't gonna make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming, "SELL! SELL!" 'Cuz they don't wanna lose all their money, right? They're panicking out there right now! I can feel it! They out there!
"Hey, we're losin' all our goddamn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife ain't gonna f... my wife ain't gonna make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming, "SELL! SELL!" 'Cuz they don't wanna lose all their money, right? They're panicking out there right now! I can feel it! They out there!
HAHA yep, their loss is our gain! Great Sublime reference BTW.
"Hey, we're losin' all our goddamn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife ain't gonna f... my wife ain't gonna make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming, "SELL! SELL!" 'Cuz they don't wanna lose all their money, right? They're panicking out there right now! I can feel it! They out there!
HAHA yep, their loss is our gain! Great Sublime reference BTW.
"Hey, we're losin' all our goddamn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife ain't gonna f... my wife ain't gonna make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming, "SELL! SELL!" 'Cuz they don't wanna lose all their money, right? They're panicking out there right now! I can feel it! They out there!
HAHA yep, their loss is our gain! Great Sublime reference BTW.
Sublime reference?
The GI Joe with the king fu grip. I believe is what he’s referring to. It’s similar to a line in a sublime song.
"Hey, we're losin' all our goddamn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife ain't gonna f... my wife ain't gonna make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming, "SELL! SELL!" 'Cuz they don't wanna lose all their money, right? They're panicking out there right now! I can feel it! They out there!
HAHA yep, their loss is our gain! Great Sublime reference BTW.
Sublime reference?
The GI Joe with the king fu grip. I believe is what he’s referring to. It’s similar to a line in a sublime song.
That whole post was a quote from the movie Trading Places.
"Hey, we're losin' all our goddamn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife ain't gonna f... my wife ain't gonna make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming, "SELL! SELL!" 'Cuz they don't wanna lose all their money, right? They're panicking out there right now! I can feel it! They out there!
HAHA yep, their loss is our gain! Great Sublime reference BTW.
Sublime reference?
The GI Joe with the king fu grip. I believe is what he’s referring to. It’s similar to a line in a sublime song.
That whole post was a quote from the movie Trading Places.
"Hey, we're losin' all our goddamn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife ain't gonna f... my wife ain't gonna make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming, "SELL! SELL!" 'Cuz they don't wanna lose all their money, right? They're panicking out there right now! I can feel it! They out there!
HAHA yep, their loss is our gain! Great Sublime reference BTW.
Sublime reference?
The GI Joe with the king fu grip. I believe is what he’s referring to. It’s similar to a line in a sublime song.
That whole post was a quote from the movie Trading Places.
"Hey, we're losin' all our goddamn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife ain't gonna f... my wife ain't gonna make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming, "SELL! SELL!" 'Cuz they don't wanna lose all their money, right? They're panicking out there right now! I can feel it! They out there!
HAHA yep, their loss is our gain! Great Sublime reference BTW.
Sublime reference?
The GI Joe with the king fu grip. I believe is what he’s referring to. It’s similar to a line in a sublime song.
That whole post was a quote from the movie Trading Places.
It went for 7.5K to 20K in a week. Now it drops to 13K and the bubble is popping?
I'll just keep picking up cheap coins during this Christmas sale..
Yup picked up a few dips today and my portfolio is already surging again and in the green. Not sure if you buy a lot of alts but NEO, ADA, XVG, LINK, LEND, ICX, NXT and TRX are a couple I like
It went for 7.5K to 20K in a week. Now it drops to 13K and the bubble is popping?
I'll just keep picking up cheap coins during this Christmas sale..
Yup picked up a few dips today and my portfolio is already surging again and in the green. Not sure if you buy a lot of alts but NEO, ADA, XVG, LINK, LEND, ICX, NXT and TRX are a couple I like
Love Alts, moreso than BTC actually, but I’m only invested in 4 coins right now. I tend to try and find projects and teams that I really like and hammer them hard. NEO is fantastic and today’s dip was a Christmas miracle.
I created an account but am wary about getting verified - how legit is this that they want all of the info they do, including Passport, etc?
it seems ripe for ID theft or some other cyber crime.
You’re going to find that on any reputable exchange, there’s no way around it. While I’m not using Bitstamp I use Binance and Bittrex, all have solid reputations that have been around long enough for me not to worry.
RE: RE: RE: If it drops to 8K it's still up overall. Â
It went for 7.5K to 20K in a week. Now it drops to 13K and the bubble is popping?
I'll just keep picking up cheap coins during this Christmas sale..
Yup picked up a few dips today and my portfolio is already surging again and in the green. Not sure if you buy a lot of alts but NEO, ADA, XVG, LINK, LEND, ICX, NXT and TRX are a couple I like
Love Alts, moreso than BTC actually, but I’m only invested in 4 coins right now. I tend to try and find projects and teams that I really like and hammer them hard. NEO is fantastic and today’s dip was a Christmas miracle.
That’s what I’m trying to do, narrow it down to my top 10 and ride those out pumping in more at dips. What are your big 4?
RE: RE: RE: RE: If it drops to 8K it's still up overall. Â
It went for 7.5K to 20K in a week. Now it drops to 13K and the bubble is popping?
I'll just keep picking up cheap coins during this Christmas sale..
Yup picked up a few dips today and my portfolio is already surging again and in the green. Not sure if you buy a lot of alts but NEO, ADA, XVG, LINK, LEND, ICX, NXT and TRX are a couple I like
Love Alts, moreso than BTC actually, but I’m only invested in 4 coins right now. I tend to try and find projects and teams that I really like and hammer them hard. NEO is fantastic and today’s dip was a Christmas miracle.
That’s what I’m trying to do, narrow it down to my top 10 and ride those out pumping in more at dips. What are your big 4?
My two favorites are Litecoin and Neo. I expect a big 2018 for both.
Longer term holds are Siacoin and Quantstamp. Very early on for these two but digital storage and security will always be a thing.
Eventually I want to get involved in a few more, but I can’t justify buying anything else while Neo is this cheap. They have 18 ICO’s planned for the platform in 2018 and their team and roadmap is really great. Yet it’s only 1/8th of Ethereum’s price.
RE: RE: RE: RE: RE: If it drops to 8K it's still up overall. Â
It went for 7.5K to 20K in a week. Now it drops to 13K and the bubble is popping?
I'll just keep picking up cheap coins during this Christmas sale..
Yup picked up a few dips today and my portfolio is already surging again and in the green. Not sure if you buy a lot of alts but NEO, ADA, XVG, LINK, LEND, ICX, NXT and TRX are a couple I like
Love Alts, moreso than BTC actually, but I’m only invested in 4 coins right now. I tend to try and find projects and teams that I really like and hammer them hard. NEO is fantastic and today’s dip was a Christmas miracle.
That’s what I’m trying to do, narrow it down to my top 10 and ride those out pumping in more at dips. What are your big 4?
My two favorites are Litecoin and Neo. I expect a big 2018 for both.
Longer term holds are Siacoin and Quantstamp. Very early on for these two but digital storage and security will always be a thing.
Eventually I want to get involved in a few more, but I can’t justify buying anything else while Neo is this cheap. They have 18 ICO’s planned for the platform in 2018 and their team and roadmap is really great. Yet it’s only 1/8th of Ethereum’s price.
Yeah NEO is in my top 5 along with LTC and XRP. Been hearing a ton about SC, will look into it more. It’s uo 90% today, damn. The whole market is having itself quite a day.
I bailed on some of mine when things were coming down and bought in a little bit going back up. I would have been better off just leaving things as is. The people that saw that as a buying opportunity were dead on.
Really need to have brass balls at times in the crytpo market.
In any event I'm going to hold less LTC and put my cash that's been sitting on the side into other altcoins.
I bailed on some of mine when things were coming down and bought in a little bit going back up. I would have been better off just leaving things as is. The people that saw that as a buying opportunity were dead on.
Really need to have brass balls at times in the crytpo market.
In any event I'm going to hold less LTC and put my cash that's been sitting on the side into other altcoins.
I bailed on some of mine when things were coming down and bought in a little bit going back up. I would have been better off just leaving things as is. The people that saw that as a buying opportunity were dead on.
Really need to have brass balls at times in the crytpo market.
In any event I'm going to hold less LTC and put my cash that's been sitting on the side into other altcoins.
I am going to sell them soon and just take the losses. I am still sticking with Siacoin, but once it goes up a little bit, I am going to sell half. Fucking XRP is killing it for me at the moment. I am going to buy some more when it dips a little bit.
At the end of the day Ripple (XRP) is one of the few Â
that has an actual valuable use, the ability to scale, and a team of professionals behind the wheel. Not in theory, right now. In fact it may be the only one.
would have done it a week ago if that was the case.
You can on Kraken (and others too I believe). If you bought ETH or BTC on Coinbase you can send it to changelly or shapeshift to get Ripple almost instantly.
I’m assuming I need that set up before I exchange bitcoins for XRP?
If you're going through Changelly or Shapeshift, yes. You need that return address since those services don't hold your coins, only exchange them.
I personally use a Ledger Nano S hardware wallet to keep my coins offline.
Rippex is a desktop wallet you can use for now. Always send a little bit first just to make yourself familiar with the wallet and the "instant exchange" process.
I've been following XVG as a purely speculative privacy coin play. Invested a tiny bit. After researching more deeply I'm thinking these are the possible outcomes:
1. It's the biggest crypto scam of 2017. Vaporware. (60%)
2. Their end of year tech reveal will be underwhelming under the hood (cobbled together open source) but will technically work. (35%)
3. Their tech reveal will be everything they've promised/hinted at (5%)
The truth will be known by December 31st. Ironically the more they talk/tweet, the less confident I become, but I don't have much to lose so I can afford to hope for a short term pump (2 & 3).
would have done it a week ago if that was the case.
You can on Kraken (and others too I believe). If you bought ETH or BTC on Coinbase you can send it to changelly or shapeshift to get Ripple almost instantly.
Kraken takes forever to get verified on and is constantly crashing. Definitely easier to just buy BTC, LTC or ETH on Coinbase and use Changelly or an Exchange like Bittrex or Binance to transfer and purchase.
I've been following XVG as a purely speculative privacy coin play. Invested a tiny bit. After researching more deeply I'm thinking these are the possible outcomes:
1. It's the biggest crypto scam of 2017. Vaporware. (60%)
2. Their end of year tech reveal will be underwhelming under the hood (cobbled together open source) but will technically work. (35%)
3. Their tech reveal will be everything they've promised/hinted at (5%)
The truth will be known by December 31st. Ironically the more they talk/tweet, the less confident I become, but I don't have much to lose so I can afford to hope for a short term pump (2 & 3).
I'm convinced XVG is a scam too, sold all mine. So many mixed messages about Wraith protocol and their team is not very transparent at all.
RE: RE: RE: Pretty annoying that you can’t just buy Ripple with cash Â
would have done it a week ago if that was the case.
You can on Kraken (and others too I believe). If you bought ETH or BTC on Coinbase you can send it to changelly or shapeshift to get Ripple almost instantly.
Kraken takes forever to get verified on and is constantly crashing. Definitely easier to just buy BTC, LTC or ETH on Coinbase and use Changelly or an Exchange like Bittrex or Binance to transfer and purchase.
Have you heard anything about Evercoin?
There's also a new exchange opening called SC Exchange Â
its basically 3.5% on Coinbase as opposed to 1% for a checking account payment (the downside is it take a week). Unless you are rapidly buying and selling I can't see why anyone would pay with a credit card.
But for some of those coins, this is the only way to buy with fiat.
On another note, should be a good weekend as more money re-enters the market. I expect the big guns to get a boost and this alt run to continue! I'm loving the way NEO's chart looks.
was a scam. I just sold it all off, with a $30 hit. I wasn't waiting much longer. FunFair is up over 12% today and I might sit a little longer on that. I also unloaded half of Siacoin today and I am just going to HODL the rest. I am still waiting for the correction for XRP.
It's funny you mentioned Sia and XRP in the same sentence Â
would have done it a week ago if that was the case.
You can on Kraken (and others too I believe). If you bought ETH or BTC on Coinbase you can send it to changelly or shapeshift to get Ripple almost instantly.
Kraken takes forever to get verified on and is constantly crashing. Definitely easier to just buy BTC, LTC or ETH on Coinbase and use Changelly or an Exchange like Bittrex or Binance to transfer and purchase.
It took me 3 weeks to finally get Tier 3 verified on Kraken. I don't know if I am going to use it, since I really do not know much about Wire transactions. I mainly use Bittrex and Binance, but I just moved the majority to Binance.
RE: It's funny you mentioned Sia and XRP in the same sentence Â
I've read some say that they could envision a "ripple-like" pattern of growth for Sia in the upcoming year
I like it, plus they have a very healthy Reddit community. A lot of serious posters with good advise. That might sound stupid though. I might invest if it dips again, but I am done for now.
But If LTC drops near 120ish I’ll put every penny I have in it though
Omg don't even say that..lmao I would do the same thing And my stress levels would rise
Doesn’t seem like the support around 200 will break anytime soon but who knows. We still follow whatever bitcoin does for the most part, sadly
Sadly is right but I think that’s slowly changing
Man I hope so, the market dominance of Bitcoin decreases daily so we’re on the right track.
I know I must seem like a NEO shill by now, but it was added to Shapeshift today! That’s now the easiest way to get it with fiat. Still I prefer Binance but just an FYI
But If LTC drops near 120ish I’ll put every penny I have in it though
Omg don't even say that..lmao I would do the same thing And my stress levels would rise
Doesn’t seem like the support around 200 will break anytime soon but who knows. We still follow whatever bitcoin does for the most part, sadly
Sadly is right but I think that’s slowly changing
Man I hope so, the market dominance of Bitcoin decreases daily so we’re on the right track.
I know I must seem like a NEO shill by now, but it was added to Shapeshift today! That’s now the easiest way to get it with fiat. Still I prefer Binance but just an FYI
Wow good to know thanks. NEO is in my top 5 for next year. Although it could easily be a top 10 I love NEO, ADA, LINK, LEND, ICX, ZRX, RDN and am dumping a ton into WEN when it’s listed.
Why demand is so out of whack with supply will be a case study in B-school for the next generation.
I think the run on Bitcoin will be triggered by a hack, or something. Get the thought out there that this crytocurrency could be stolen or worse, faked out by its own block chain software, and its value will go poof.
I have no idea why it's happening so I'm not touching it.
I've never sold Bitcoin, only bought.
It's too unstable now.
I have plenty of wiggle room so I can wait until it settles a bit.
pigs get fed but hogs get slaughtered
Please tell me why it might go to $1 mil? It's a unit of exchange not backed by any government. It produces no value added product and provides no service other than as an exchange.
Get my base dollars out and then I can play with the gravy.
What? How can you possibly take a digital currency public?
The crash, I think, is inevitable. Who even accepts bitcoins right now?
Fortune - ( New Window )
Acceptance is expanding.
ARKW is a good one. top holdings are bitcoin, amazon, twitter, tesla, netflix, google....
you can take advantage of the runup with less risk, and its liquid so you can get out. if bitcoin goes sour it'll be impossible to sell.
Get my base dollars out and then I can play with the gravy.
I'd recommend this ^^^.
It is speculation, pure and simple. You think its going up? Fine. Buy it, but don't pretend you know anything about it that can point to its future value.
Once your identity is revealed (which is not too difficult to do and there are companies actively revealing identities for their clients), literally every transaction made with the currency is exposed for anyone on the internet to see through Bitcoin's public ledger.
I'm a math guy, not a Bitcoin expert, so my interest has been in how the math works with the system. I think people don't realize that once their identity is revealed every "hidden" transaction becomes exposed worldwide.
I think the risk here is that someone soon writes an article exposing this privacy risk and the currency gets dumped.
What research? There’s no research you can do to justify owning it. Ride the wave of the craze if you like, but it’s just outright gambling. If you would lay down $20K on the Giants, then Bitcoin is for you.
Acceptance is expanding.
A lot of merchants that accepted it have dropped.
More importantly: there is absolutely zero reason any consumer would want to use Bitcoin to make legitimate purchases.
Quote:
Microsoft and Tesla, to name two.
Acceptance is expanding.
A lot of merchants that accepted it have dropped.
More importantly: there is absolutely zero reason any consumer would want to use Bitcoin to make legitimate purchases.
It buys you more than the dollar
It buys you more than the dollar
WTF does that mean? I can buy anything with dollars. There are few things I can buy with Bitcoin without first converting them to dollars.
It buys you more than the dollar
And that changes by the minute.
Quote:
It buys you more than the dollar
WTF does that mean? I can buy anything with dollars. There are few things I can buy with Bitcoin without first converting them to dollars.
And if you invested properly you would have many many more dollars
Once your identity is revealed (which is not too difficult to do and there are companies actively revealing identities for their clients), literally every transaction made with the currency is exposed for anyone on the internet to see through Bitcoin's public ledger.
I'm a math guy, not a Bitcoin expert, so my interest has been in how the math works with the system. I think people don't realize that once their identity is revealed every "hidden" transaction becomes exposed worldwide.
I think the risk here is that someone soon writes an article exposing this privacy risk and the currency gets dumped.
Nomero is the new bitcoin
Says who? So was Enron.
Bitcoin... man I owned 700 bitcoins back in 2012 and used them all to buy drugs from china.
I'd be really wealthy if I kept them.. but knowing me I would have lost the coins via broken hardware or forgotten passwords
Quote:
.
Says who? So was Enron.
McCaffe says if it doesn't hit 1 million by 2020 he will eat his own dick on tv
5 k profit
That ship sailed
However litecoin and xrp are still very cheap
However if you have extra money..
Consider buying 2-3 bitcoins and sitting on them, quick.
Download the coinbase app today to get started
Quote:
But give yourself a shot at earning a lot more. Especially if you own just 1 bitcoin. It could crash, sure but 20k can't change your life or lifestyle. I'm going to hold just to see where it goes. Do your own research!
What research? There’s no research you can do to justify owning it. Ride the wave of the craze if you like, but it’s just outright gambling. If you would lay down $20K on the Giants, then Bitcoin is for you.
Not telling anyone to plunk down $20K now, my investment was much less. I got it much earlier and I'm willing to just see where it goes.
5 k profit
And if you bought at 10AM today you'd be down between 25-30%.
But it's time to sell a chunk of my Bitcoin.
We're back to $17,400.
Quote:
In comment 13729115 mattlawson said:
Quote:
.
Says who? So was Enron.
McCaffe says if it doesn't hit 1 million by 2020 he will eat his own dick on tv
Well all I can say to the man is "Chow down!"
Angry they didn't buy in when it was .30 cents- $1.00 I guess
I'm angry too lol, but still happy for those who gained wealth off it.
Also, many refuse to learn about it or research Blockchain technology and how bitcoins currency and other coins really are the future somehow..
Wish I could explain, but after hours of research I barely understand it still ..
Just was convinced enough to buy litecoin as a consolation to missing the bitcoin train
Not telling anyone to plunk down $20K now, my investment was much less. I got it much earlier and I'm willing to just see where it goes.
Classic gambler’s mentality. “I’m playing with the house’s money.”
No: it was the house’s money. Now it’s yours, and it’s completeky within your control what happens to it going forward. Fortunes have been lost with the “let it ride” mentality.
Not upset — flabbergasted @ people’s attitudes. It’s their money and they can do what the like. But a lot of people are going to lose a bundle when the bottom drops.
big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.
From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.
so I see bitcoin not being essential, but blockchain, absolutely.
I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.
and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.
Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.
anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.
Or at least Phil from WNY.
Anyone here from him ?
big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.
From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.
so I see bitcoin not being essential, but blockchain, absolutely.
I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.
and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.
Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.
anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.
^^^^^^
This
big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.
From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.
so I see bitcoin not being essential, but blockchain, absolutely.
I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.
and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.
Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.
anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.
Good post. I heard Iceland has serious mining going on too but with the geysers or something..
So you think Xrp at 30 cents is the way to go long term?
Bitcoin mining now consumes more energy than Ireland. The amount of energy it takes to authenticate one Bitcoin transaction is equal to amount of energy the average US home consumes in a week. And the amount keeps growing.
People think this is sustainable?
Quote:
there is little doubt to me. in fact blockchain could either a) force big banks to significantly change the way they do business or obsolete them completely.
big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.
From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.
so I see bitcoin not being essential, but blockchain, absolutely.
I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.
and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.
Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.
anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.
Good post. I heard Iceland has serious mining going on too but with the geysers or something..
So you think Xrp at 30 cents is the way to go long term?
I like it better than Bitcoin as a global currency protocol if you want to call it that, but I would never offer investment advice and I'm not an expert, I just shared my opinion based on my experiences.
Only 21 million total bitcoins will eventually exist. Making them even more valuable.
The last bitcoin is scheduled to be built in the 2134 I believe
Quote:
In comment 13729180 pjcas18 said:
Quote:
there is little doubt to me. in fact blockchain could either a) force big banks to significantly change the way they do business or obsolete them completely.
big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.
From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.
so I see bitcoin not being essential, but blockchain, absolutely.
I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.
and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.
Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.
anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.
Good post. I heard Iceland has serious mining going on too but with the geysers or something..
So you think Xrp at 30 cents is the way to go long term?
I like it better than Bitcoin as a global currency protocol if you want to call it that, but I would never offer investment advice and I'm not an expert, I just shared my opinion based on my experiences.
Thank you. Yeah it's a gamble like Jim says, but I'm gonna try to hop on the Xrp train very soon. Very confusing stuff compared to using the Coinbase app
And Bitcoin ETF defeats the whole purpose of why bitcoin was created. Decentralized currency on a centralized exchange? Pass.
HODL.
Easiest way to get XRP: buy BTC or ETH on coinbase and then use changelly or shapeshift to convert to XRP and send to to your wallet all in one go.
But ideally get verified ASAP with a real crypto exchange and buy direct. You'll pay less in fees.
And Bitcoin ETF defeats the whole purpose of why bitcoin was created. Decentralized currency on a centralized exchange? Pass.
HODL.
Yeah, I think that the attempt to institutionalize Bitcoin is what will ultimately kill it.
Once your identity is revealed (which is not too difficult to do and there are companies actively revealing identities for their clients), literally every transaction made with the currency is exposed for anyone on the internet to see through Bitcoin's public ledger.
I'm a math guy, not a Bitcoin expert, so my interest has been in how the math works with the system. I think people don't realize that once their identity is revealed every "hidden" transaction becomes exposed worldwide.
I think the risk here is that someone soon writes an article exposing this privacy risk and the currency gets dumped.
Dont know much about the tech, but this exact sentiment is why I think Monero or Dash will be huge winners when the dust settles.
It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.
Litecoin will follow.
It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.
Litecoin will follow.
What do you expect from Litecoin in the next 12-24 months? Realistically? I've seen conservative estimates of 500 - 1000 etc.
When it hits $20K I'll take the other half of the initial spend out.
Hopefully that will be soon so that I can relax and enjoy the gravy that remains!
Also of interest, Coinbase increased my weekly limit to $15,000 without any notification. I just stumbled on it.
I would like to see my tiny 20 Litecoin investment grow.
I keep seeing "it's going to $_____", with no rational explanation.
Ethereum is backed by blockchain, which is a prototype tech company with several big time companies investing in it. A friend of mine was at Microsoft campus the other day and said they are trying to use Blockchain to track analytics. Basically, Blockchain would need to fail for ethereum to fail, and that is not likely to happen.
Ethereum is the best value (BTC is around 16-17k) and least likely to crash
Quote:
The ship on Bitcoin being a currency has sailed.
It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.
Litecoin will follow.
What do you expect from Litecoin in the next 12-24 months? Realistically? I've seen conservative estimates of 500 - 1000 etc.
I'm not a professional BY ANY MEANS but I do read technical analysis as a sort of hobby.
I think $500 is very attainable by the end of 2018. It should be a big year. MAST, Lightning Network and Atomic Swaps are big implementations that will help bridge the gap between BTC and LTC from a tech standpoint and will make the two practically identical when it comes to implementation and actually usability.
I thought Bitcoin could reach 50K by 2020. It looks like it's gonna reach that next week. So any predictions are just that at this point. I don't think anybody anticipated the amount of new money that came in this week. Now, when it hits an eventual drop..does that money cash out into cash? Does it trickly into altcoins? Time will tell. I'll guess it trickles into altcoins.
Right now, Bitcoin has over 200,000 unconfirmed transactions. That's a problem. And as more and more people enter the fray, that number will only grow. Litecoin's network is needed in this industry.
So, to answer your question, I think $500 in very realistic by the end of 2018. Possible sooner.
By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.
Bitcoin is Ask Jeeves
Litecoin is Google
And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.
100k? 1Million? serious ...? so for 2-3 bitcoins you can buy a really nice big house and full your garage with cars.
This has got the next BIG BUBBLE written all over it.
The housing market wasn't going to crash in 2008 either ... and those were houses.
And it soars 35% today.
By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.
Bitcoin is Ask Jeeves
Litecoin is Google
And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.
Yeah, OK, so there is this thing that outperforms all sectors and industries in net earnings and it will continue forever. No bubble possible there.
Dollar cost averaging involves investing a constant number of dollars/coin through time. Done this way you buy more shares when the price is low and fewer when the price is high. A wise strategy for any non-trading investor.
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Someone told me if I had $1K to start with $250 bitcoin and $250 Ethereum and do the same again in 2-4 weeks.
Dollar cost averaging involves investing a constant number of dollars/coin through time. Done this way you buy more shares when the price is low and fewer when the price is high. A wise strategy for any non-trading investor.
Perfect, thanks
It can't really hurt to invest in ripple right now at around .25 cents per. There is RUMORS that mastercard is looking into using ripple, and ran tests last month with ripple for cross border payments. I was thinking of buying $50-100 worth. If it blows up, great, If not, then I lose a little bit of money.
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?
It can't really hurt to invest in ripple right now at around .25 cents per. There is RUMORS that mastercard is looking into using ripple, and ran tests last month with ripple for cross border payments. I was thinking of buying $50-100 worth. If it blows up, great, If not, then I lose a little bit of money.
That dog’s not gonna hunt. MasterCard created its own blockchain system for cross-border currency transfers. It doesn’t use a cryptocurrency — it just uses blockchain as a means to transfer dollars, euros, etc. It’s deemed likely they are using the technology behind Ripple, but that means nothing for owners of Ripple.
Financial companies have no reason to use cryptocurrencies created by others.
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In comment 13729543 BigBlue4You09 said:
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?
It can't really hurt to invest in ripple right now at around .25 cents per. There is RUMORS that mastercard is looking into using ripple, and ran tests last month with ripple for cross border payments. I was thinking of buying $50-100 worth. If it blows up, great, If not, then I lose a little bit of money.
That dog’s not gonna hunt. MasterCard created its own blockchain system for cross-border currency transfers. It doesn’t use a cryptocurrency — it just uses blockchain as a means to transfer dollars, euros, etc. It’s deemed likely they are using the technology behind Ripple, but that means nothing for owners of Ripple.
Financial companies have no reason to use cryptocurrencies created by others.
The financial services sector will not use bitcoin etc because it is too volatile and you cannot reliably count on your equity. How would an accountant value a $1 billion stake in bitcoin, would you put your retirement on that? Will the FDIC insure it?
Use your bitcoin to buy drugs and women on the web, but until it has a semi-predictable value, like the currencies backed up by the promise of stable nations (US, UK, Germany, Japan), it is on the margins.
The price of real estate in the 21st century in California
The value of bitcoin ...
Nothing to be concerned about fellow citizen. No bubble here citizen. You can time the market perfectly, no worries, go for it....
The price of real estate in the 21st century in California
The value of bitcoin ...
Nothing to be concerned about fellow citizen. No bubble here citizen. You can time the market perfectly, no worries, go for it....
You don't understand the technology.
bitcoin seems like a very risky gamble - it's not like gold or real estate or bonds where you have a concrete sense of what you are getting with the investment. it's an intangible electronic "currency" that has limited acceptance as a form of payment and is associated with money laundering and criminal activity. I agree with Jamie Dimon, I think it will collapse, whether due to government intervention, hackers or some other factors.
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In comment 13729305 Giants in 07 said:
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The ship on Bitcoin being a currency has sailed.
It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.
Litecoin will follow.
What do you expect from Litecoin in the next 12-24 months? Realistically? I've seen conservative estimates of 500 - 1000 etc.
I'm not a professional BY ANY MEANS but I do read technical analysis as a sort of hobby.
I think $500 is very attainable by the end of 2018. It should be a big year. MAST, Lightning Network and Atomic Swaps are big implementations that will help bridge the gap between BTC and LTC from a tech standpoint and will make the two practically identical when it comes to implementation and actually usability.
I thought Bitcoin could reach 50K by 2020. It looks like it's gonna reach that next week. So any predictions are just that at this point. I don't think anybody anticipated the amount of new money that came in this week. Now, when it hits an eventual drop..does that money cash out into cash? Does it trickly into altcoins? Time will tell. I'll guess it trickles into altcoins.
Right now, Bitcoin has over 200,000 unconfirmed transactions. That's a problem. And as more and more people enter the fray, that number will only grow. Litecoin's network is needed in this industry.
So, to answer your question, I think $500 in very realistic by the end of 2018. Possible sooner.
By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.
Bitcoin is Ask Jeeves
Litecoin is Google
And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.
Litecoin up 21% early this morning.
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In comment 13729311 Danny Kanell said:
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In comment 13729305 Giants in 07 said:
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The ship on Bitcoin being a currency has sailed.
It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.
Litecoin will follow.
What do you expect from Litecoin in the next 12-24 months? Realistically? I've seen conservative estimates of 500 - 1000 etc.
I'm not a professional BY ANY MEANS but I do read technical analysis as a sort of hobby.
I think $500 is very attainable by the end of 2018. It should be a big year. MAST, Lightning Network and Atomic Swaps are big implementations that will help bridge the gap between BTC and LTC from a tech standpoint and will make the two practically identical when it comes to implementation and actually usability.
I thought Bitcoin could reach 50K by 2020. It looks like it's gonna reach that next week. So any predictions are just that at this point. I don't think anybody anticipated the amount of new money that came in this week. Now, when it hits an eventual drop..does that money cash out into cash? Does it trickly into altcoins? Time will tell. I'll guess it trickles into altcoins.
Right now, Bitcoin has over 200,000 unconfirmed transactions. That's a problem. And as more and more people enter the fray, that number will only grow. Litecoin's network is needed in this industry.
So, to answer your question, I think $500 in very realistic by the end of 2018. Possible sooner.
By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.
Bitcoin is Ask Jeeves
Litecoin is Google
And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.
Litecoin up 21% early this morning.
Hells yeah! I'm definitely gonna dump some more in soon
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In comment 13729435 Giants in 07 said:
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In comment 13729311 Danny Kanell said:
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In comment 13729305 Giants in 07 said:
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The ship on Bitcoin being a currency has sailed.
It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.
Litecoin will follow.
What do you expect from Litecoin in the next 12-24 months? Realistically? I've seen conservative estimates of 500 - 1000 etc.
I'm not a professional BY ANY MEANS but I do read technical analysis as a sort of hobby.
I think $500 is very attainable by the end of 2018. It should be a big year. MAST, Lightning Network and Atomic Swaps are big implementations that will help bridge the gap between BTC and LTC from a tech standpoint and will make the two practically identical when it comes to implementation and actually usability.
I thought Bitcoin could reach 50K by 2020. It looks like it's gonna reach that next week. So any predictions are just that at this point. I don't think anybody anticipated the amount of new money that came in this week. Now, when it hits an eventual drop..does that money cash out into cash? Does it trickly into altcoins? Time will tell. I'll guess it trickles into altcoins.
Right now, Bitcoin has over 200,000 unconfirmed transactions. That's a problem. And as more and more people enter the fray, that number will only grow. Litecoin's network is needed in this industry.
So, to answer your question, I think $500 in very realistic by the end of 2018. Possible sooner.
By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.
Bitcoin is Ask Jeeves
Litecoin is Google
And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.
Litecoin up 21% early this morning.
Hells yeah! I'm definitely gonna dump some more in soon
Up 33% now.
I'm upset
Pork Bellies = Bitcoin - ( New Window )
What's the latest quote on G.I. Joe with the Kung-Fu grip?
I'm upset
Weird, let me buy all three last night just fine
I'm upset
Get used to it. It goes down every single time there's a big pickup in trading volume
Then it shot back up and she called me to tell me she's moving back in. I told her to go fuck herself but while we were on the phone, it dropped again (!!) and she hissed "oh who needs you anyway, limpdick?"
This is all really taking a toll on my heart. I really do not feel well you guys.
Oh well, big money big money no whammies!
I invest in many tech companies that are enabling blockchain infrastructure. some are established major players, fortune 50 companies that are getting into blockchain now like they did with cloud a few years ago, others niche new tech/semi start up, but yes, I'm a believer in blockchain enough to risk my money on it but not via ETFs, just specific stocks.
Bitcoin... man I owned 700 bitcoins back in 2012 and used them all to buy drugs from china.
I'd be really wealthy if I kept them.. but knowing me I would have lost the coins via broken hardware or forgotten passwords
You don't really think you're the only one who saw that episode of Big Bang Theory, do you?
You're such a joke.
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ETFs?
I invest in many tech companies that are enabling blockchain infrastructure. some are established major players, fortune 50 companies that are getting into blockchain now like they did with cloud a few years ago, others niche new tech/semi start up, but yes, I'm a believer in blockchain enough to risk my money on it but not via ETFs, just specific stocks.
Makes sense. I've been out of the investment game for a few years but will be getting back into it in the near future.
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Looking to buy Xrp as well.
Bitcoin... man I owned 700 bitcoins back in 2012 and used them all to buy drugs from china.
I'd be really wealthy if I kept them.. but knowing me I would have lost the coins via broken hardware or forgotten passwords
You don't really think you're the only one who saw that episode of Big Bang Theory, do you?
You're such a joke.
What are you gargling on about? I've never seen that show..
If you're suggesting I'm not the only one it happened to then.. no shit Sherlock.
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In comment 13729121 DennyInDenville said:
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Looking to buy Xrp as well.
Bitcoin... man I owned 700 bitcoins back in 2012 and used them all to buy drugs from china.
I'd be really wealthy if I kept them.. but knowing me I would have lost the coins via broken hardware or forgotten passwords
You don't really think you're the only one who saw that episode of Big Bang Theory, do you?
You're such a joke.
What are you gargling on about? I've never seen that show..
If you're suggesting I'm not the only one it happened to then.. no shit Sherlock.
If you don't realize how transparent you are, you should probably use the breathalizer that you bought, because you're clearly wasted on Chinese drugs and alkaline water.
Again, you're a joke.
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ETFs?
I invest in many tech companies that are enabling blockchain infrastructure. some are established major players, fortune 50 companies that are getting into blockchain now like they did with cloud a few years ago, others niche new tech/semi start up, but yes, I'm a believer in blockchain enough to risk my money on it but not via ETFs, just specific stocks.
Are there any resources that you'd recommend that lay out the players / ecosystem for a laymen to get themselves familiar with? Once my bonus hits I'm looking to put some money into the space as well.
But I just read Bitcoin could eventually hit 300 trillion market cap
That means $100 could still turn into a lot..
The other night I wanted to buy 2 more LTC at $97, couldn't buy until today I bought 1.25 LTC at for $199 with fees instead at $152 per 1.0
Sucks I missed out on the 60% bump
Weird; seems like LTC owners should root for BTC also? They help each other?
That's why I think I should buy a tiny bit of BTC just so I have both
But I just read Bitcoin could eventually hit 300 trillion market cap
That means $100 could still turn into a lot..
The other night I wanted to buy 2 more LTC at $97, couldn't buy until today I bought 1.25 LTC at for $199 with fees instead at $152 per 1.0
Sucks I missed out on the 60% bump
I only put in 100, so i didn't get 1. Got .69.... or somewhere around that. I should have just bought 1 whole litecoin probably.
I have my sell point. Once Litecoin hits 25k I'm out
Yeah so true.
I only put in $300 since the new hype Thursday and at most I'll drop another $200.
Expecting to lose it all, but if 2018 is a good year I'll sell 4/5 of my LTC and BTc and call it a win and hope my remaining 1/5 goes far in 19-20
Yea I feel like I missed the big gains this week. Had I made it in on time I would have pulled out my initial investment and rode the wave on house money. I hope this week wasn’t the end of the over hype and growth. Just give it two more weeks and it can be worth it. Win lose or draw.
Yes easily, many many services convert btc to usd
Including the Coinbase app
However, many of those millionaires didn't have coinbse, they'd have to store it themselves
Let's see
LTC founder on CNBC tomorrow between 11-Noon
Let's see
LTC founder on CNBC tomorrow between 11-Noon
LTC already In the high 180s
Maybe I should have said 300s lol
"I think it could effect the US Dollar more then any single company"
Whole panel was speechless.. they just had nothing to say
Was really priceless..
Lmao and the guy talks soooo incredibly socially awkward that you know he's not lying...
Lol all LTC owners check out the full interview on chArlies twitter page
I guess I'll hold on to it. If it goes down any ill buy enough to have 1 ltc.
Any suggestions for where i should store it?
Ugh, LTC needs a spokesperson but Charlie tweeted LTC could cash 80% and the price instantly dropped $30 it was on its way to $300
Ugh, LTC needs a spokesperson but Charlie tweeted LTC could cash 80% and the price instantly dropped $30 it was on its way to $300
Said it could crash*
And be cheap for another couple years
Lol why the fuck say that
I'm not really sure yet how to handle this. I installed a wallet on my laptop and I'm guessing I just send to the address of my local wallet?
I'm not moving anything yet but this is something i need to figure out.
I'm not really sure yet how to handle this. I installed a wallet on my laptop and I'm guessing I just send to the address of my local wallet?
I'm not moving anything yet but this is something i need to figure out.
+1 me too.
Hopefully I don't have to go thru reddit to find out.
Is it safe to keep it on coinbase?
I was gonna sell 80% of my LTC eventually when it gets to about 20k, then I'll hold the last 20% I guess till 2025 see where it's at
Letting it ride. closing in on $250.
Thinking bout trying to time it right and buying enough to have 1 full LTC.
Thinking bout trying to time it right and buying enough to have 1 full LTC.
I bought $100 the first time, not realizing it was just short of one. So went back the next day and got one at $120
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For only putting in 100 bucks.
Thinking bout trying to time it right and buying enough to have 1 full LTC.
I bought $100 the first time, not realizing it was just short of one. So went back the next day and got one at $120
Should i do it right now, or do you all think it will go back down soon?
My plan is to get 1 $6,000 hooker, then a $1,000 hooker, then a $900 hooker, then a $99 hooker, and finally use that last dollar on like a toothless tweaker to gum me to completion near a dumpster behind the Safeway.
I'm in for a wild night boys. Thanks Litecoin!
Unreal
Let's see
LTC founder on CNBC tomorrow between 11-Noon
This founder is an X factor
He's sooo honest it's scary but he's no snakeoil salesman
His CNBC appearance and his Twitter is legit
Charlie Lee
At the time I posted this, the price was $98 dollars.
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You'll be happy you did.
At the time I posted this, the price was $98 dollars.
And that’s when I jumped. Might dump some more in
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In comment 13729300 Giants in 07 said:
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You'll be happy you did.
At the time I posted this, the price was $98 dollars.
And that’s when I jumped. Might dump some more in
It has to go down at some point though, no chart saw this increase coming
#BuyLitecoin
#BuyLitecoin
Don't forget to #DoYourAlgebraHomework
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You'll be happy you did.
At the time I posted this, the price was $98 dollars.
Yep, I bought it at $97 last week. It’s closing in on $300 right now. Crazy.
Yeah it has, let’s keep it going. Over $300 now
I’m wondering the same but I can’t sell because it takes forever for your initial purchase to be active in Coinbase. Anyone know if I can sell sooner?
I don't think anyone knows. I'm holding on for the ride. I only put in 200, and in 2 days its almost doubled.
Hold, hold, hold.
Never try to get cute..
Will it dip? Certainly, but 10K is coming by end of 2018
Hold, hold, hold.
Never try to get cute..
Will it dip? Certainly, but 10K is coming by end of 2018
If I've learned one thing through this, it's HODL
Yea, back down to 376
Yea, back down to 376
Don't spend more than you are willing to lose. But who knows what it could do. I dont think anyone knows.
I'm having trouble buying Ripple. I believe I have to wait for my funds to be available in Coinbase and then buy it with Bitcoins using Kraken? Anyone know an easier way?
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Can anyone here speak about Ripple at all? Is that the "next one"? I'm thinking about just throwing a couple hundred bucks at that in the hopes that it is. Everybody wants to find the next one that could blow up..
Don't spend more than you are willing to lose. But who knows what it could do. I dont think anyone knows.
This is 100% the logic I am using. Fortunately a few hundred/maybe thousand bucks isn't going to kill me in the long term. So if I lose it, whatever.. but the upside seems to far outweigh the downside right now.
I saw the Kraken platform too, but I'm reading mixed reviews on it. Is there a platform as reputable as Coinbase to buy Ripple on? I saw Bitstamp as another option.
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In comment 13736842 knicks3031 said:
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Can anyone here speak about Ripple at all? Is that the "next one"? I'm thinking about just throwing a couple hundred bucks at that in the hopes that it is. Everybody wants to find the next one that could blow up..
Don't spend more than you are willing to lose. But who knows what it could do. I dont think anyone knows.
This is 100% the logic I am using. Fortunately a few hundred/maybe thousand bucks isn't going to kill me in the long term. So if I lose it, whatever.. but the upside seems to far outweigh the downside right now.
I saw the Kraken platform too, but I'm reading mixed reviews on it. Is there a platform as reputable as Coinbase to buy Ripple on? I saw Bitstamp as another option.
I've also been looking into Poloniex, i's name keeps coming up as a reputable easy to use platform, which it seems to be.
It'll never reach btc prices but easily could rise a couple thousand percent in 5-10 years.
But yes get in now while it's for pennies
Could see $500+ today. If it drops past 300 though, watch out. Low support at those levels.
Very uneasy about the price difference between Coinbase/GDAX and nearly every other exchange right now though.
I opened an account on Poloniex last week. After creating the account it told me they can't do business with residents of NY and to close my account.
So I went to Bittrex and it's taking forever to verify my information.
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I'm waiting for verification from Poloniex after taking pictures of my license and a selfie.
I opened an account on Poloniex last week. After creating the account it told me they can't do business with residents of NY and to close my account.
So I went to Bittrex and it's taking forever to verify my information.
You still can't use USD though correct? And you need to provide pictures of your license and self as well?
""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?
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In comment 13736931 BigBlue4You09 said:
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I'm waiting for verification from Poloniex after taking pictures of my license and a selfie.
I opened an account on Poloniex last week. After creating the account it told me they can't do business with residents of NY and to close my account.
So I went to Bittrex and it's taking forever to verify my information.
You still can't use USD though correct? And you need to provide pictures of your license and self as well?
I don't believe they have a way of depositing USD. I would have to transfer some form of digital currency.
I have yet to transfer any of my digital currency. I'm actually a little scared that I'll screw it up. lol
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In comment 13736973 sb2003 said:
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In comment 13736931 BigBlue4You09 said:
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I'm waiting for verification from Poloniex after taking pictures of my license and a selfie.
I opened an account on Poloniex last week. After creating the account it told me they can't do business with residents of NY and to close my account.
So I went to Bittrex and it's taking forever to verify my information.
You still can't use USD though correct? And you need to provide pictures of your license and self as well?
I don't believe they have a way of depositing USD. I would have to transfer some form of digital currency.
I have yet to transfer any of my digital currency. I'm actually a little scared that I'll screw it up. lol
haha same. Well I have to wait until my funds are available in Coinbase to transfer them to Binance or Poloniex to buy Ripple and IOTA.
haha same. Well I have to wait until my funds are available in Coinbase to transfer them to Binance or Poloniex to buy Ripple and IOTA.
I want to buy some alternate coins too. The problem I have is getting on an exchange that supports the other coins. The verification process is killing it for me.
I know there are sites like changelly, but I'm not very comfortable with that.
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haha same. Well I have to wait until my funds are available in Coinbase to transfer them to Binance or Poloniex to buy Ripple and IOTA.
I want to buy some alternate coins too. The problem I have is getting on an exchange that supports the other coins. The verification process is killing it for me.
I know there are sites like changelly, but I'm not very comfortable with that.
Yup Poloniex denied my verification and gave no reason. Kraken keeps crashing. I'm waiting on Bitstamp and looking into Binance. Such a pain
Okay I see, dumb question...disregard
Yes pretty much everyone here, read through the first few pages.
Buggy as hell, but when it works, it makes it super easy.
Set up for another shot up tonight! Lets see what happens.
Set up for another shot up tonight! Lets see what happens.
It is an interesting aspect to this thing. The asian markets drive this stuff so a lot of the actions happen overnight.
https://www.cnbc.com/2017/12/12/litecoin-price-hits-record-high-up-nearly-5800-percent-this-year.html - ( New Window )
Very interesting. Here's another not as positive
North Korea Caught in Bitcoin Scandal - ( New Window )
eBay considering adding bitcoin as payment option - ( New Window )
""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.
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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.
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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
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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.
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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.
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In comment 13739251 AnyoneButPhilly said:
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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
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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
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.
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.
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.
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".
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In comment 13739251 AnyoneButPhilly said:
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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.
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In comment 13739979 DennyInDenville said:
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.
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.
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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?
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In comment 13740099 BigBlue4You09 said:
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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.
No it's free. Each is a little different with their process but the most secure ones require a passport/license picture, and a selfie holding your ID and handwritten note. It's pretty easy and some verify much quicker than others. Can't hurt to start now and at least learn more in the process.
People finally getting verified on Coinbase after a week long wait + price rising = FOMO
People finally getting verified on Coinbase after a week long wait + price rising = FOMO
Can’t decide if I should buy more LTC, hmm
Li
Litecoin starting to surge back up
Bitcoin looking strong as well closing in on 20k
It’s on Binance @ .19 right now.
It’s on Binance @ .19 right now.
Thanks will take a look. Big fan of NEO and ADA right now.
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But do some research on Quantstamp (QSP) if you are invested in Ethereum. It’s a security audit protocol designed to find vulnerabilities in Ethereum smart contracts. Promising team and a necessary niche.
It’s on Binance @ .19 right now.
Thanks will take a look. Big fan of NEO and ADA right now.
Yeah, solid fan of both projects, especially Neo. I got in right after the ICO. Don’t currently have any ADA though.
It’s been rumored that QSP will work with both as well!
Hopefully Ripple is next - ( New Window )
Short term thats probably a blow to all the other coins on Coinbase. After the dust settles I'd say Litecoin is hurt the most by this if there isn't an outright Cashening.
Yup the whole market crashed with the news, good time to buy back in. Stabilizing now, by the end of the week it will be completey normal again.
This is actually great exposure for crypto. That will rub the public the wrong way and make them become more open minded to decentralized currency.
As for that scam coin Bitcoin cash, not happy about Coinbase adding it, but I think it hurts Bitcoin more than Litecoin. It’s still the cheapest coin and Bitcoin Cash is now the cheapest Bitcoin to those that don’t know the difference.
Back to normal it seems. Alt coins sure went back up, one of my coins (XVG) went up 13X
The people behind it, however, do not inspire confidence.
The people behind it, however, do not inspire confidence.
Yeah, Roger Ver is a cunt.
Link - ( New Window )
Rumors it's going to be added to Amazon, hopefully that comes to fruition. And I think it's only a matter of time before its' added to Coinbase so it will blow up then regardless. I'm sitting on a couple hundred but looking to add more soon.
Do it soon, on its way to $1
In fact, if the platform lasts long enough, every single XRP WILL be destroyed. According to Ripple themselves, the ultimate point of XRP is to be destroyed.
In fact, if the platform lasts long enough, every single XRP WILL be destroyed. According to Ripple themselves, the ultimate point of XRP is to be destroyed.
I'll just say you need to do your research.
But in regards to the escrow, the fact that they put 55bil in escrow recently is exactly why the price has been surging ever since. With the lion's share in escrow, Ripple CANT flood the market with XRP (not that they'd want to anyway). That's why the big money is getting in now.
Little? Thank god I’ve been putting more into alts and new projects but still this is freightening
Let's just say he got into Bitcoin late last week. And was hyping it as the next big thing. Haven't heard from him in 3 days.
Like Stan, he's like clockwork.
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Created as a blockchain for banks, unlike 99.9% of the entire rest of the industry, with 60% of circulating supply locked away in escrow and held by Ripple themselves. Therefore, the trading volume and price can easily be manipulated. It is not decentralized. The transaction fees are destroyed, not redistributed and unlike stores of value/currency like BTC and LTC, XRP was created to be destroyed.
In fact, if the platform lasts long enough, every single XRP WILL be destroyed. According to Ripple themselves, the ultimate point of XRP is to be destroyed.
I'll just say you need to do your research.
But in regards to the escrow, the fact that they put 55bil in escrow recently is exactly why the price has been surging ever since. With the lion's share in escrow, Ripple CANT flood the market with XRP (not that they'd want to anyway). That's why the big money is getting in now.
Admittedly don’t know as much about XRP than ofher projects. I do expect it to be added to Coinbase though
Most of you guys are obviously following this much more closely than I am, but I'm just going to throw it out there from the few people that I know, there are some who have been riding the crypto spec wave all year who might be cashing out on anything volatile and closing up shop for the calendar year by COB tomorrow. That's kind of scary for a valuation that's almost entirely built on spec to begin with, isn't it?
At least tulips are nice to look at.
Again, not saying you can't make money on it, but be careful.
Long Island Iced Tea manufacturer changes name to Long Island Blockchain and the stock went up 200%.
if that doesn't scream dot.com era inflation not sure what does.
The stock surged nearly 200% on the news.
This is madness, pure and simple. ....
Link - ( New Window )
i am not watching anymore, since i took everything out of Litecoin when it was at $340 and put it all in XRP.
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Market really took a giant dump last night, good lord
i am not watching anymore, since i took everything out of Litecoin when it was at $340 and put it all in XRP.
Well now a good time to reinvest in everything before the bounce back.
At least tulips are nice to look at.
Great rule of thumb.
Not that I know of. You’re talking about for credit card purchases right?
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I’m guessing it’s because my address on my ID is different from my home address since I moved. Any way around this other than getting a new ID?
Not that I know of. You’re talking about for credit card purchases right?
Haven’t tried to purchase but I linked both my CC and checking account. If I’m not verified would my checking account work and not my CC?
Hats what I’d like to do. What are you using to do the transfer to Ripple?
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It might take a while regardless. I tried buying Bitcoin about 15 minutes ago to transfer to XRP, but it still isn't showing up.
Hats what I’d like to do. What are you using to do the transfer to Ripple?
I deposit Coinbase to gdax, then send over to Bittrex. No fee's except to do an exchange, usually $1.
You get it at the price you bought at. It's locked in at that rate.
I got a quick transaction in thankfully lol. Credit cards are instant purchases, bank accounts are 5-7 days. And you’re locked in at the price you buy it at, it’s then adjust when the deposit goes through. AKA people who bought last week are going to be butthurt when it appears.
At least tulips are nice to look at.
Huh? Litecoin is still up 160% after this tumble from the date of the OP.
Corrections are needed when you go up 300% in a weekend.
For the most part, unless you just got in a week or two ago. Even then, if you're buying for the right reasons this short term stuff shouldn't matter.
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When the "irrational exuberance" for esoteric investment "opportunities" hits BBI it is time to run for your financial life. The OP was not the cause of the inevitable demise, just a near goddamn perfect indicator of what was about to unfold.
At least tulips are nice to look at.
Huh? Litecoin is still up 160% after this tumble from the date of the OP.
Corrections are needed when you go up 300% in a weekend.
"Bitcoin has "crashed" 30% SIX TIMES in 2017. Each "crash" has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. Bitcoin takes 7 steps forward, 2 steps back, 7 steps forward, 2 steps back. Every 2 steps back is heralded as the end of #bitcoin."
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In comment 13750817 Maryland Giant said:
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When the "irrational exuberance" for esoteric investment "opportunities" hits BBI it is time to run for your financial life. The OP was not the cause of the inevitable demise, just a near goddamn perfect indicator of what was about to unfold.
At least tulips are nice to look at.
Huh? Litecoin is still up 160% after this tumble from the date of the OP.
Corrections are needed when you go up 300% in a weekend.
"Bitcoin has "crashed" 30% SIX TIMES in 2017. Each "crash" has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. Bitcoin takes 7 steps forward, 2 steps back, 7 steps forward, 2 steps back. Every 2 steps back is heralded as the end of #bitcoin."
Yeah but I'm sure that THIS one will be the "inevitable demise"!
Go look at the charts this year for 4th of July, Labor Day, Halloween, and Thanksgiving. This won't last long.
HAHA yep, their loss is our gain! Great Sublime reference BTW.
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"Hey, we're losin' all our goddamn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife ain't gonna f... my wife ain't gonna make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming, "SELL! SELL!" 'Cuz they don't wanna lose all their money, right? They're panicking out there right now! I can feel it! They out there!
HAHA yep, their loss is our gain! Great Sublime reference BTW.
Sublime reference?
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In comment 13751120 PEEJ said:
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"Hey, we're losin' all our goddamn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife ain't gonna f... my wife ain't gonna make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming, "SELL! SELL!" 'Cuz they don't wanna lose all their money, right? They're panicking out there right now! I can feel it! They out there!
HAHA yep, their loss is our gain! Great Sublime reference BTW.
Sublime reference?
The GI Joe with the king fu grip. I believe is what he’s referring to. It’s similar to a line in a sublime song.
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In comment 13751122 BigBlue4You09 said:
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In comment 13751120 PEEJ said:
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"Hey, we're losin' all our goddamn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife ain't gonna f... my wife ain't gonna make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming, "SELL! SELL!" 'Cuz they don't wanna lose all their money, right? They're panicking out there right now! I can feel it! They out there!
HAHA yep, their loss is our gain! Great Sublime reference BTW.
Sublime reference?
The GI Joe with the king fu grip. I believe is what he’s referring to. It’s similar to a line in a sublime song.
That whole post was a quote from the movie Trading Places.
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In comment 13751172 YAJ2112 said:
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In comment 13751122 BigBlue4You09 said:
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In comment 13751120 PEEJ said:
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"Hey, we're losin' all our goddamn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife ain't gonna f... my wife ain't gonna make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming, "SELL! SELL!" 'Cuz they don't wanna lose all their money, right? They're panicking out there right now! I can feel it! They out there!
HAHA yep, their loss is our gain! Great Sublime reference BTW.
Sublime reference?
The GI Joe with the king fu grip. I believe is what he’s referring to. It’s similar to a line in a sublime song.
That whole post was a quote from the movie Trading Places.
Oh lol yeah I was referencing a Sublime song.
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In comment 13751178 bradshaw44 said:
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In comment 13751172 YAJ2112 said:
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In comment 13751122 BigBlue4You09 said:
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In comment 13751120 PEEJ said:
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"Hey, we're losin' all our goddamn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife ain't gonna f... my wife ain't gonna make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming, "SELL! SELL!" 'Cuz they don't wanna lose all their money, right? They're panicking out there right now! I can feel it! They out there!
HAHA yep, their loss is our gain! Great Sublime reference BTW.
Sublime reference?
The GI Joe with the king fu grip. I believe is what he’s referring to. It’s similar to a line in a sublime song.
That whole post was a quote from the movie Trading Places.
Oh lol yeah I was referencing a Sublime song.
You might have been, but PEEJ was not.
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In comment 13751180 YAJ2112 said:
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In comment 13751178 bradshaw44 said:
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In comment 13751172 YAJ2112 said:
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In comment 13751122 BigBlue4You09 said:
Quote:
In comment 13751120 PEEJ said:
Quote:
"Hey, we're losin' all our goddamn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife ain't gonna f... my wife ain't gonna make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming, "SELL! SELL!" 'Cuz they don't wanna lose all their money, right? They're panicking out there right now! I can feel it! They out there!
HAHA yep, their loss is our gain! Great Sublime reference BTW.
Sublime reference?
The GI Joe with the king fu grip. I believe is what he’s referring to. It’s similar to a line in a sublime song.
That whole post was a quote from the movie Trading Places.
Oh lol yeah I was referencing a Sublime song.
You might have been, but PEEJ was not.
I know he just told me that
translation of that is.... thx for the hysteria... i am taking profit... good luck on the way down
I'll just keep picking up cheap coins during this Christmas sale..
I'll just keep picking up cheap coins during this Christmas sale..
Yup picked up a few dips today and my portfolio is already surging again and in the green. Not sure if you buy a lot of alts but NEO, ADA, XVG, LINK, LEND, ICX, NXT and TRX are a couple I like
Couldn’t tell you but my Coinbase order went through earlier at around $13,200 for BTC. Coinbase is extremely easy to use so far.
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looking to buy, then sell, is it best to go by coinbase or bitstamp?
Couldn’t tell you but my Coinbase order went through earlier at around $13,200 for BTC. Coinbase is extremely easy to use so far.
This seems really risky and unsafe.
Like gambling but worse.
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In comment 13751606 Rover said:
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looking to buy, then sell, is it best to go by coinbase or bitstamp?
Couldn’t tell you but my Coinbase order went through earlier at around $13,200 for BTC. Coinbase is extremely easy to use so far.
This seems really risky and unsafe.
Like gambling but worse.
What investment isn’t? Do your research, find projects you really like, their team, the market for their coin, roadmap, etc.
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It went for 7.5K to 20K in a week. Now it drops to 13K and the bubble is popping?
I'll just keep picking up cheap coins during this Christmas sale..
Yup picked up a few dips today and my portfolio is already surging again and in the green. Not sure if you buy a lot of alts but NEO, ADA, XVG, LINK, LEND, ICX, NXT and TRX are a couple I like
Love Alts, moreso than BTC actually, but I’m only invested in 4 coins right now. I tend to try and find projects and teams that I really like and hammer them hard. NEO is fantastic and today’s dip was a Christmas miracle.
it seems ripe for ID theft or some other cyber crime.
it seems ripe for ID theft or some other cyber crime.
You’re going to find that on any reputable exchange, there’s no way around it. While I’m not using Bitstamp I use Binance and Bittrex, all have solid reputations that have been around long enough for me not to worry.
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In comment 13751377 Giants in 07 said:
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It went for 7.5K to 20K in a week. Now it drops to 13K and the bubble is popping?
I'll just keep picking up cheap coins during this Christmas sale..
Yup picked up a few dips today and my portfolio is already surging again and in the green. Not sure if you buy a lot of alts but NEO, ADA, XVG, LINK, LEND, ICX, NXT and TRX are a couple I like
Love Alts, moreso than BTC actually, but I’m only invested in 4 coins right now. I tend to try and find projects and teams that I really like and hammer them hard. NEO is fantastic and today’s dip was a Christmas miracle.
That’s what I’m trying to do, narrow it down to my top 10 and ride those out pumping in more at dips. What are your big 4?
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In comment 13751389 BigBlue4You09 said:
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In comment 13751377 Giants in 07 said:
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It went for 7.5K to 20K in a week. Now it drops to 13K and the bubble is popping?
I'll just keep picking up cheap coins during this Christmas sale..
Yup picked up a few dips today and my portfolio is already surging again and in the green. Not sure if you buy a lot of alts but NEO, ADA, XVG, LINK, LEND, ICX, NXT and TRX are a couple I like
Love Alts, moreso than BTC actually, but I’m only invested in 4 coins right now. I tend to try and find projects and teams that I really like and hammer them hard. NEO is fantastic and today’s dip was a Christmas miracle.
That’s what I’m trying to do, narrow it down to my top 10 and ride those out pumping in more at dips. What are your big 4?
My two favorites are Litecoin and Neo. I expect a big 2018 for both.
Longer term holds are Siacoin and Quantstamp. Very early on for these two but digital storage and security will always be a thing.
Eventually I want to get involved in a few more, but I can’t justify buying anything else while Neo is this cheap. They have 18 ICO’s planned for the platform in 2018 and their team and roadmap is really great. Yet it’s only 1/8th of Ethereum’s price.
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In comment 13751849 Giants in 07 said:
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In comment 13751389 BigBlue4You09 said:
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In comment 13751377 Giants in 07 said:
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It went for 7.5K to 20K in a week. Now it drops to 13K and the bubble is popping?
I'll just keep picking up cheap coins during this Christmas sale..
Yup picked up a few dips today and my portfolio is already surging again and in the green. Not sure if you buy a lot of alts but NEO, ADA, XVG, LINK, LEND, ICX, NXT and TRX are a couple I like
Love Alts, moreso than BTC actually, but I’m only invested in 4 coins right now. I tend to try and find projects and teams that I really like and hammer them hard. NEO is fantastic and today’s dip was a Christmas miracle.
That’s what I’m trying to do, narrow it down to my top 10 and ride those out pumping in more at dips. What are your big 4?
My two favorites are Litecoin and Neo. I expect a big 2018 for both.
Longer term holds are Siacoin and Quantstamp. Very early on for these two but digital storage and security will always be a thing.
Eventually I want to get involved in a few more, but I can’t justify buying anything else while Neo is this cheap. They have 18 ICO’s planned for the platform in 2018 and their team and roadmap is really great. Yet it’s only 1/8th of Ethereum’s price.
Yeah NEO is in my top 5 along with LTC and XRP. Been hearing a ton about SC, will look into it more. It’s uo 90% today, damn. The whole market is having itself quite a day.
Ended up just getting another .25 LTC while it dipped to $197
I might start day trading this shit for BANK, but I don't think I have the stomach for such volatility
Really need to have brass balls at times in the crytpo market.
In any event I'm going to hold less LTC and put my cash that's been sitting on the side into other altcoins.
Really need to have brass balls at times in the crytpo market.
In any event I'm going to hold less LTC and put my cash that's been sitting on the side into other altcoins.
LTC?
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I bailed on some of mine when things were coming down and bought in a little bit going back up. I would have been better off just leaving things as is. The people that saw that as a buying opportunity were dead on.
Really need to have brass balls at times in the crytpo market.
In any event I'm going to hold less LTC and put my cash that's been sitting on the side into other altcoins.
LTC?
Litecoin
BUY
Could be $30 one day
You can on Kraken (and others too I believe). If you bought ETH or BTC on Coinbase you can send it to changelly or shapeshift to get Ripple almost instantly.
Looking to expand my altcoin exposure on some high upside stuff that hasn’t quite had its pop yet. Smaller rolls of the dice.
There’s so much being written about crypto at this point, it’s hard to separate wheat from chaff and know what to read and what to discard entirely.
If you're going through Changelly or Shapeshift, yes. You need that return address since those services don't hold your coins, only exchange them.
I personally use a Ledger Nano S hardware wallet to keep my coins offline.
Rippex is a desktop wallet you can use for now. Always send a little bit first just to make yourself familiar with the wallet and the "instant exchange" process.
I've been following XVG as a purely speculative privacy coin play. Invested a tiny bit. After researching more deeply I'm thinking these are the possible outcomes:
1. It's the biggest crypto scam of 2017. Vaporware. (60%)
2. Their end of year tech reveal will be underwhelming under the hood (cobbled together open source) but will technically work. (35%)
3. Their tech reveal will be everything they've promised/hinted at (5%)
The truth will be known by December 31st. Ironically the more they talk/tweet, the less confident I become, but I don't have much to lose so I can afford to hope for a short term pump (2 & 3).
Was trying to wait until bitcoin goes down to 11K before buying 1K worth then selling when it gets to 15K; rinse and repeat 3x.
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would have done it a week ago if that was the case.
You can on Kraken (and others too I believe). If you bought ETH or BTC on Coinbase you can send it to changelly or shapeshift to get Ripple almost instantly.
Kraken takes forever to get verified on and is constantly crashing. Definitely easier to just buy BTC, LTC or ETH on Coinbase and use Changelly or an Exchange like Bittrex or Binance to transfer and purchase.
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I've been following XVG as a purely speculative privacy coin play. Invested a tiny bit. After researching more deeply I'm thinking these are the possible outcomes:
1. It's the biggest crypto scam of 2017. Vaporware. (60%)
2. Their end of year tech reveal will be underwhelming under the hood (cobbled together open source) but will technically work. (35%)
3. Their tech reveal will be everything they've promised/hinted at (5%)
The truth will be known by December 31st. Ironically the more they talk/tweet, the less confident I become, but I don't have much to lose so I can afford to hope for a short term pump (2 & 3).
I'm convinced XVG is a scam too, sold all mine. So many mixed messages about Wraith protocol and their team is not very transparent at all.
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In comment 13758823 UConn4523 said:
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would have done it a week ago if that was the case.
You can on Kraken (and others too I believe). If you bought ETH or BTC on Coinbase you can send it to changelly or shapeshift to get Ripple almost instantly.
Kraken takes forever to get verified on and is constantly crashing. Definitely easier to just buy BTC, LTC or ETH on Coinbase and use Changelly or an Exchange like Bittrex or Binance to transfer and purchase.
Have you heard anything about Evercoin?
Beware, I'd imagine the fees will be high though.
Bitcoin
Ethereum
Litecoin
Bitcoin Cash
Monero
Ripple
DASH
OmiseGO
IOTA
Stratis
Bitcoin Gold
Ark
district0x
FunFair
RaiBlocks
Also to the guy who wants to sell his funfair...I'd wait until this exchange opens.
https://twitter.com/SCXchange - ( New Window )
On another note, should be a good weekend as more money re-enters the market. I expect the big guns to get a boost and this alt run to continue! I'm loving the way NEO's chart looks.
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In comment 13758823 UConn4523 said:
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would have done it a week ago if that was the case.
You can on Kraken (and others too I believe). If you bought ETH or BTC on Coinbase you can send it to changelly or shapeshift to get Ripple almost instantly.
Kraken takes forever to get verified on and is constantly crashing. Definitely easier to just buy BTC, LTC or ETH on Coinbase and use Changelly or an Exchange like Bittrex or Binance to transfer and purchase.
It took me 3 weeks to finally get Tier 3 verified on Kraken. I don't know if I am going to use it, since I really do not know much about Wire transactions. I mainly use Bittrex and Binance, but I just moved the majority to Binance.
I like it, plus they have a very healthy Reddit community. A lot of serious posters with good advise. That might sound stupid though. I might invest if it dips again, but I am done for now.
I have no idea why it's happening so I'm not touching it.
Reminds me a bit of the dot.com crapolla.
FOMO
FOMO
Just wait until Ripple hits Coinbase
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so familiar
FOMO
Just wait until Ripple hits Coinbase
What’s the latest rumor as to when that will be?
Was trying to wait until bitcoin goes down to 11K before buying 1K worth then selling when it gets to 15K; rinse and repeat 3x.
Good plan?
Had a Christmas sale last week and now a New Years sale!
Exactly
Omg don't even say that..lmao I would do the same thing And my stress levels would rise
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But If LTC drops near 120ish I’ll put every penny I have in it though
Omg don't even say that..lmao I would do the same thing And my stress levels would rise
Doesn’t seem like the support around 200 will break anytime soon but who knows. We still follow whatever bitcoin does for the most part, sadly
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In comment 13761111 Giants in 07 said:
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But If LTC drops near 120ish I’ll put every penny I have in it though
Omg don't even say that..lmao I would do the same thing And my stress levels would rise
Doesn’t seem like the support around 200 will break anytime soon but who knows. We still follow whatever bitcoin does for the most part, sadly
Sadly is right but I think that’s slowly changing
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In comment 13761131 DennyInDenville said:
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In comment 13761111 Giants in 07 said:
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But If LTC drops near 120ish I’ll put every penny I have in it though
Omg don't even say that..lmao I would do the same thing And my stress levels would rise
Doesn’t seem like the support around 200 will break anytime soon but who knows. We still follow whatever bitcoin does for the most part, sadly
Sadly is right but I think that’s slowly changing
Man I hope so, the market dominance of Bitcoin decreases daily so we’re on the right track.
I know I must seem like a NEO shill by now, but it was added to Shapeshift today! That’s now the easiest way to get it with fiat. Still I prefer Binance but just an FYI
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In comment 13761137 Giants in 07 said:
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In comment 13761131 DennyInDenville said:
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In comment 13761111 Giants in 07 said:
Quote:
But If LTC drops near 120ish I’ll put every penny I have in it though
Omg don't even say that..lmao I would do the same thing And my stress levels would rise
Doesn’t seem like the support around 200 will break anytime soon but who knows. We still follow whatever bitcoin does for the most part, sadly
Sadly is right but I think that’s slowly changing
Man I hope so, the market dominance of Bitcoin decreases daily so we’re on the right track.
I know I must seem like a NEO shill by now, but it was added to Shapeshift today! That’s now the easiest way to get it with fiat. Still I prefer Binance but just an FYI
Wow good to know thanks. NEO is in my top 5 for next year. Although it could easily be a top 10 I love NEO, ADA, LINK, LEND, ICX, ZRX, RDN and am dumping a ton into WEN when it’s listed.