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bitcoins

I've seen Triple's posts, but is anyone else having trouble selling?
 
byke said:
I'm not in the game, just wondering if others are having trouble selling. Others meaning, other than Triple.
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Didn't they freeze BCH trading/cancel orders on CoinBase yesterday shortly after launch? Is that what people are referring to?
 
According to Triple's posts, it looked like CB was locked up for days(weeks?). Couldn't sell his BTC.
 
byke said:
According to Triple's posts, it looked like CB was locked up for days(weeks?). Couldn't sell his BTC.
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Well CB got HAMMERED hard after Thanksgiving and continued to get hit hard. Everyone trying to get in the game not knowing really what they are getting into. But the gains are there at this time.

CB is the rookie entry tool that everyone is using because it's easy. Their infrastructure wasn't built to handle the level of trading and transactions people are throwing at it.

With that said, several other trading platforms are being hit hard too I think. Kraken has been having issues for at least a few days.
 
MikeL said:
Well CB got HAMMERED hard after Thanksgiving and continued to get hit hard. Everyone trying to get in the game not knowing really what they are getting into. But the gains are there at this time.

CB is the rookie entry tool that everyone is using because it's easy. Their infrastructure wasn't built to handle the level of trading and transactions people are throwing at it.

With that said, several other trading platforms are being hit hard too I think. Kraken has been having issues for at least a few days.
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Where are the gains? Just curious.
 
MikeL said:
Well CB got HAMMERED hard after Thanksgiving and continued to get hit hard. Everyone trying to get in the game not knowing really what they are getting into. But the gains are there at this time.

CB is the rookie entry tool that everyone is using because it's easy. Their infrastructure wasn't built to handle the level of trading and transactions people are throwing at it.

With that said, several other trading platforms are being hit hard too I think. Kraken has been having issues for at least a few days.
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Gotcha. I suppose if you stored in a ledger, you could open an account elsewhere and withdraw to cash?
 
afm199 said:
Where are the gains? Just curious.
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If a person/entity invests at a low value, and the value of that item (BTC/ETH/BCH/etc) goes up, and you sell (convert back to USD) = gains.

I know you're trying to say people have zero gains if they haven't sold - but LOTS of people have been trading cyptos and making tons long before the spike in interest.

I may not have sold JUST yet, but lots of others have cashed out.
 
byke said:
Gotcha. I suppose if you stored in a ledger, you could open an account elsewhere and withdraw to cash?
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If you are dealing with any large sum of cryptos - you should be using local secured storage systems. IMO.

Have not used any of these devices - and you can just use a standard storage device, but these have become popular recently: https://www.ledgerwallet.com/
 
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MikeL said:
If a person/entity invests at a low value, and the value of that item (BTC/ETH/BCH/etc) goes up, and you sell (convert back to USD) = gains.

I know you're trying to say people have zero gains if they haven't sold - but LOTS of people have been trading cyptos and making tons long before the spike in interest.

I may not have sold JUST yet, but lots of others have cashed out.
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MikeL said:
If a person/entity invests at a low value, and the value of that item (BTC/ETH/BCH/etc) goes up, and you sell (convert back to USD) = gains.

I know you're trying to say people have zero gains if they haven't sold - but LOTS of people have been trading cyptos and making tons long before the spike in interest.

I may not have sold JUST yet, but lots of others have cashed out.
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No, it was a question in regard to your post. I understand the mechanisms of buy sell. I think you answered it though. Correct me if wrong. CB has platform problems leading to limited liquidity, but the underlying Bitcoins are properly accounted for?
 
afm199 said:
No, it was a question in regard to your post. I understand the mechanisms of buy sell. I think you answered it though. Correct me if wrong. CB has platform problems leading to limited liquidity, but the underlying Bitcoins are properly accounted for?
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They should be, the Bitcoin ledger that is shared with every user who has a wallet should account to each transaction of Bitcoin.

I won't begin to claim I understand the underlying technology (despite researching and reading a TON), but to my knowledge it's all accounted for in terms of who owns which coins. I could be wrong though.
 
MikeL said:
They should be, the Bitcoin ledger that is shared with every user who has a wallet should account to each transaction of Bitcoin.

I won't begin to claim I understand the underlying technology (despite researching and reading a TON), but to my knowledge it's all accounted for in terms of who owns which coins. I could be wrong though.
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Thanks
 
panthera said:
He knows that you can short it. He won't though. We are the only ones putting our money where our mouths are. This is one of the reasons I limit my posts here. If you think this is a scam prove it and go short it. AFM or anyone else talking down this technology, this was meant for you.
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I don't think anyone is talking down the technology, they are talking down bitcoin. Which I think you would agree is not the same thing.
 
Bitcoin is the technology being discussed. If someone thinks this is a scam, then put yourself out there and short it. I happen to think that all the doubters are just here to talk shit. Put up or shut up. That's what those of us that believe in this are doing by owning these tokens. Also you cannot have a decentralized block chain without a token period. The miners need to be paid. The easiest, fastest, and safest way is a block chain issued token.
 
panthera said:
Bitcoin is the technology being discussed. If someone thinks this is a scam, then put yourself out there and short it. I happen to think that all the doubters are just here to talk shit. Put up or shut up. That's what those of us that believe in this are doing by owning these tokens. Also you cannot have a decentralized block chain without a token period. The miners need to be paid. The easiest, fastest, and safest way is a block chain issued token.
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Blockchain is the tech. Bitcoin is an application of blockchain. Anyone who wants can start a cryptocurrency.

And again, I don't think it's a scam. I think it's a bubble. Blockchain tech applied to currency and securities is in its infant stage. I just think Bitcoin is in a bubble. Why? Because the uniqueness is NOT the application or the tech. It's the limited inflation. Any anyone can set up a similar system.
 
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afm199 said:
Blockchain is the tech. Bitcoin is an application of blockchain. Anyone who wants can start a cryptocurrency.

And again, I don't think it's a scam. I think it's a bubble. Blockchain tech applied to currency and securities is in its infant stage. I just think Bitcoin is in a bubble. Why? Because the uniqueness is NOT the application or the tech. It's the limited inflation. Any anyone can set up a similar system.
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I do tend to agree it's a bubble, but only for the fact most people don't know what they are investing in.

I do think if we suffer another economic downturn - cryptos of all types (alt coins that don't suck) will grow in value immensely. People run to alternative stores of values such as Gold, Platinum, Silver etc. Cryptos were.. sorta around in the last downturn. BTC was barely used and mostly via Silk Road users.

Cryptos being decentralized will only add to their value in a downturn.
 
Precious metals have intrinsic value. Crypto has none whatsoever. Further, as Ernie pointed out, there are very low barriers to entry. I don't see the parallel.
 
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