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bitcoins

Climber said:
That's not a red flag for you?
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Climber I'm not sure if you aware but Coincase and Gdax have had over 13m million new users sign up creating havoc on their site. Coinbase only holds .5% of their assets online at any given time which means it can take awhile to pull your assets out in fiat. With that being said it does lock in the price at the time of transaction so if a week passes then CB will honor the older price. Triple still has the option to move his crypto to another service at anytime instantly and pull out fiat if he chooses to do so.

I've had no issues moving money at all. I have had issues with the site getting rekt by a surge in users trying to connect.

Totally get it that it looks like a red flag to the uninformed.
 
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So weird. With no foundation for valuation, any bitcoin value from $.01 to $1,000,000 and up could be too high or too low. It's only worth what someone is willing to pay.

Yep I get it that dollars are like that too, but they do have a long history and worldwide acceptance. That all started with gold backing which was later removed.

The world is a funny place.
 
rodr said:
So weird. With no foundation for valuation, any bitcoin value from $.01 to $1,000,000 and up could be too high or too low. It's only worth what someone is willing to pay.

Yep I get it that dollars are like that too, but they do have a long history and worldwide acceptance. That all started with gold backing which was later removed.

The world is a funny place.
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To quote Billy Corgan
The world is a vampire, sent to drain
Secret destroyers, hold you up to the flames
And what do I get, for my pain?
Betrayed desires, and a piece of the game
 
Entoptic said:
If that is what you choose to read from my post more power to yah but that isn't what I said at all.
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Why did you think I was referring to your post at all?


O wait
 
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It's like, going into a racing thread and being all like "racing doesn't serve any point and u cud die. Don't you know that? njoy ur wheelchair" Over and over again
 
afm199 said:
Why did you think I was referring to your post at all?


O wait
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Some people like to watch the world burn...

Don't add anything constructive but make snarky quips on everyone else's stupidity.

Bitcoin may not last, but that's been said since it started, since it rose from $0.10 to $500 to $1000 to $5000 and so on. If people want to take a risk and possibly profit handsomely, then let them. Go pound sand and yell "Get off my lawn" to all the Vegas players, since the house always wins.
 
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i threw down $15 in each of BTC, ETH, and LTC yesterday

today i threw in $7 each of the same three

got my gaming rig running an ethermine pool around 15-20 MH/S with my gtx970 on windows 10

more entertaining than the political forum at least :twofinger
 
Smash Allen said:
i threw down $15 in each of BTC, ETH, and LTC yesterday

today i threw in $7 each of the same three

got my gaming rig running an ethermine pool around 15-20 MH/S with my gtx970 on windows 10

more entertaining than the political forum at least :twofinger
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+1
 
Lol, timed that rebalance well. Evened out my respective crypto holding yesterday, and now LTC dropping and ETH is on a tear.
 
Congrats to anyone here who has profited from bitcoin. Who here has actually cashed out their bitcoin for actual dollars? Is it as simple as a typical wire transfer, or is it a complicated process?...

Did you have to pay any type of service fees or additional taxes like capital gains?...
 
J-Boat said:
Congrats to anyone here who has profited from bitcoin. Who here has actually cashed out their bitcoin for actual dollars? Is it as simple as a typical wire transfer, or is it a complicated process?...

Did you have to pay any type of service fees or additional taxes like capital gains?...
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You typically pay a transaction fee for every time you move your bitcoin funds. This pays for the confirmation of the move. If you buy Bitcoin at Coinbase their sister site for trading is Gdax and you can move funds between both sites with no fees.

Yes, you should set aside money for capital gains tax. There is some discussion on tax info a few pages back in this thread.
 
What a pain this is to buy in all honesty.

Bitstamp doesn't allow instant credit purchases, needed my SSN, uploaded DL ID and a bunch of other stuff and no guarantee I'll be able to buy or how long the verification will take. That's if I want to buy XRP with USD.

I can buy XRP with other coin but I need to buy the other coin first which means setting up a coinbase account and buying 1 coin of ETH likely. THEN....I have to setup a changely account to convert the ETH and then be able to buy the XRP coin instantly :wtf :wow

This is nothing on the quick side. Articles and walk throughs make it sounds so simple but some on Reddit I'm reading have been waiting 3-4 days to be verified. wtf is that about. I'll give it another 10 minutes but then need to get work done and try and sign up at home, likely to have the coin prices rise even more.
 
So currently I have everything sitting in Coinbase. My Ledger wallet should arrive later today or tomorrow. I don't really want to move my stuff around until I get the wallet.

I want to buy Ripple, though. I understand it takes some finagling, though. Think it's safe to do without the wallet, or should I wait?
 
it was easy for me when i signed up for coinbase like 2 months ago. I created an account linked it to a petty cash checking account. When I purchased BTC and ETH my price was locked in at that time but didn't go through for like 2 or 3 days. Other then that its been fine.
If you cash out your locked in at the price at that time but might take a day or two.
 
Dubbington said:
What a pain this is to buy in all honesty.

Bitstamp doesn't allow instant credit purchases, needed my SSN, uploaded DL ID and a bunch of other stuff and no guarantee I'll be able to buy or how long the verification will take. That's if I want to buy XRP with USD.

I can buy XRP with other coin but I need to buy the other coin first which means setting up a coinbase account and buying 1 coin of ETH likely. THEN....I have to setup a changely account to convert the ETH and then be able to buy the XRP coin instantly :wtf :wow

This is nothing on the quick side. Articles and walk throughs make it sounds so simple but some on Reddit I'm reading have been waiting 3-4 days to be verified. wtf is that about. I'll give it another 10 minutes but then need to get work done and try and sign up at home, likely to have the coin prices rise even more.
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Dubbs. Imagine owning a company that at most had 200k users. Now a month later that company is hosting 13m users. They is literally no way to scale without months of notice prior to the rise in user base.

These companies have maybe 2 - 3 people verifying accounts. It's a manual process and be happy that it's there. It's a safe guard against another MTGox or illegal operation. Remember these places are basically banks and need to verify account info. Can't do it in person so you gotta wait in a line. A line filled with mainstream users that have no fucking clue about crypto and just want a piece of the pie. That amounts to millions of users slamming the system.

Remember now is not the time to buy XRP. Don't FOMO. Be patient, this isn't going away and once you're in, you'll see the bigger picture.

CABilly said:
So currently I have everything sitting in Coinbase. My Ledger wallet should arrive later today or tomorrow. I don't really want to move my stuff around until I get the wallet.

I want to buy Ripple, though. I understand it takes some finagling, though. Think it's safe to do without the wallet, or should I wait?
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Everything that holds fiat or crypto is a wallet. You purchase a cold wallet called Ledger. A wallet that is online is a hot wallet. I hope you have 2 factor auth set up which would then make the wallet a hybrid wallet.

Poloniex allows XRP trading. You can set up an account there and then transfer your btc to it. Purchase XRP with your BTC and sit.

I advice against buying XRP right now. The swing you're seeing has happened several times with XRP.

Current I hold a lot of XRP and I'm buying more.

Don't FOMO Fear Of Missing Out. That is how you get burned.

CABilly said:
Wow, BTC, ETH, and LTC all tanking a bit right now
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All coinbase users are taking profits.
 
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