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bitcoins

Yakoo752 said:
how is that different from crypto?

Every week a new ICO occurs. What do they do different?

the way bitcoin would be printed at will would be through simple dilution. Which is exactly what we have been seeing. There appears to be no limit to how little bitcoin you can buy. As long as I can continue to buy with no minimum, it's no different.
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People can fork as many times as they want, doesn't mean it will be bought. The validation happens in the use.

You can buy as little bitcoin as you want, as to cover the fees associated with a purchase.
 
Bitcoin is divisible up to 100,000,000 times. That 100 millionth is a satoshi. You can buy one satoshi if you want. And bitcoin cannot be printed at will. The protocol will only create 21 million.
Right now it is back over 10,000. This was definitely a buying opportunity. Always have buy orders in to capture the downturn.
 
panthera said:
Bitcoin is divisible up to 100,000,000 times. That 100 millionth is a satoshi. You can buy one satoshi if you want. And bitcoin cannot be printed at will. The protocol will only create 21 million.
Right now it is back over 10,000. This was definitely a buying opportunity. Always have buy orders in to capture the downturn.
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I just fell down the rabbit hole reading about why these numbers were chosen

:laughing

interesting
 
So on these crypto exchanges, can you set the equivalent of a stop loss order, or do you have to do manually?
 
Anyone else having problems transferring funds from Coinbase to GDax today? Been trying for over an hour and keep getting an error message.
 

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jt2 said:
So on these crypto exchanges, can you set the equivalent of a stop loss order, or do you have to do manually?
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Some exchanges allow a lot. Some allow a trailing stop loss. Some only let you buy at market.

Mikey- Ive been on Coinbase, GDAX and Kraken all day with no issues. Im using a lap top with a good internet connection. Cell connections are not the best.
 
can anyone tell me why currency values seem to be diff across multiple exchanges? are they actually diff? or is it some latency problem? can someone transfer btw exchanges easily?
 
stangmx13 said:
can anyone tell me why currency values seem to be diff across multiple exchanges? are they actually diff? or is it some latency problem? can someone transfer btw exchanges easily?
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Ive seen btc with a difference of a few hundred between Kraken and GDAX. Not sure why other than the users of that platform more bullish or bearish.
You can transfer between exchanges but if the network is seeing a lot of use the tx times will be long (think hours) and you will pay a premium to the miners. If you are thinking of exploiting that difference think again. You will pay roughly the same after fees. Maybe more.
 
panthera said:
I can ride to a coffee shop and talk crypto. Anyone wanna meet at Phils in San Mateo Saturday morning?
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I'm going to be out of town again this weekend : |


I can meet up Thursday if people want to meetup during the week at all.
 
panthera said:
Ive seen btc with a difference of a few hundred between Kraken and GDAX. Not sure why other than the users of that platform more bullish or bearish.
You can transfer between exchanges but if the network is seeing a lot of use the tx times will be long (think hours) and you will pay a premium to the miners. If you are thinking of exploiting that difference think again. You will pay roughly the same after fees. Maybe more.
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so all the exchanges are different stores of currency? the BTC on GDAX is only there because owners of BTC decided to sell there?
 
It will be interesting to see what happens when the IRS sends out tax bills - including interest and penalties - to the 95+% of CoinBase users who have never reported gains or losses. Most of these users will not have the cash to pay these tax bills, so will need to sell their crypto... just one of many reasons this mania will one day subside.

Those who think btc and other crypto is "outside of the system" will have a rude awakening, I'm afraid. Crypto currency, blockchain tech and smart contracts are the brainchild of the deep state (from the BIS right on down to the NSA). Evidential papers and documents by these organizations, dating back 20 years and more, are out there for all to see. Seek and ye shall find. Sorry guys - you're just beta testers for the soon-to-come global crypto SDR. The centuries-old establishment is not gonna just lie down and allow "satoshis" to take over lmao. Everything is controlled. Everything is engineered.

byke said:
Or even something with backing. Wtf did gold do?
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It did exactly what it's supposed to do and always has done: held its value. Unlike anything else. USD has lost 99% of its purchasing power; btc is wayyyy too new, unproven and volatile to be a currency.
 
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