RIP Bitcoin

**Dillinger** · 10-01-2018, 01:04 PM

^^Have you took any out yet?

Do you wanna chaperone me down the beach?

I'll buy you a cornetto and a Zambian

**Luigi** · 10-01-2018, 01:04 PM

^ deal.

Originally Posted by baldrick

Fees is not much of the point .

Point is how are you going to get the USD to binance to buy your ETH.

Fair enough if you want to send money to Thailand. Buy on an exchange in your home country and send the ETH to bx.in.th and sell for THB and cash out to your bank

That may be worth the effort as long as bx.in.th does not block your account with a suspicion that you are trying to evade currency rules.

I did similar from sing to Thai with BTC a couple of years ago and decided that it was only worth it for amounts less than 1 k USD . Above that a bank transfer was.more effective . Mainly because coinhaiko the broker in sing charged a percentage rather than a flat rate per conversion from SGD to BTC

Yup, the only sensible way is to buy and sell whatever crypto on the same trading platform after it reaches a % you want it to make. All you lose is the 0.25% trade fee. If you go transferring around to different exchanges that have different prices and exchange fees then it's gonna be costing you quite a bit.

**Luigi** · 10-01-2018, 01:09 PM

Originally Posted by Dillinger

^^Have you took any out yet?

I have.

Not a lot.

Round 2 weeks ago, sold 10k baht of REP (I think), deposited it to my K-Bank account, 30b network fee and 0.25% of the trade taken out of my REP balance, bought a liter of Gold Label and a nurse.

**redhaze** · 10-01-2018, 01:09 PM

Tron is now my biggest altcoin holding. Let's fucking go!

**PlanK** · 10-01-2018, 01:15 PM

Originally Posted by baldrick

An informative article about ripple

Best case scenario is it is worth 0.003

https://hackernoon.com/4-alarming-re...k-9debc3c86985

That's pretty much not what it says. The article is a bunch of 'ifs'
The TLDR would be Ripple is working top down Banks to general users. Stellar is working bottom up Users to Banks. SWIFT is lagging but still a player. And if... if... if...

Choose wisely.

**Luigi** · 10-01-2018, 01:19 PM

Originally Posted by Plan B

Choose wisely.

Difficult to do, with all the conflicting info and opinions coming from a multitude of people that know more than me and many others.

LTC is the one! XRP is the one! ETH is the one! LTC is gonna crash! XRP is gonna crash! LTC is gonna crash!

I'm choosing widely instead. Fairly equal amounts of 10 different 'big' cryptos, and a smattering of small cheap ones, and hoping for the best over the next 11 months.

**redhaze** · 10-01-2018, 01:29 PM

Originally Posted by bsnub

ETH is starting to tank fast.

It certainly could tank, a correction is due. To say that it IS tanking presently I'm not really seeing that. Its about 75 bucks off its all time high from last hour to hour and a half ago. Its actually marginally up over the last hour

**PlanK** · 10-01-2018, 01:36 PM

Originally Posted by Luigi

I'm choosing widely instead. Fairly equal amounts of 10 different 'big' cryptos, and a smattering of small cheap ones, and hoping for the best over the next 11 months.

I think I'm in about 15 - 20 cryptos in all. Some I bought over a year ago and when I scroll down CMC I see names I remember buying but I can't remember if I still hold them or sold them off for something else. I'm away on holiday so only have Binance to trade on. I'm expecting a lot of new money in the market this year and also expecting the big regulation hammer to fall at some point. Speculation on what will happen when that hits is also rife.

Speculation on speculation.

**Dillinger** · 10-01-2018, 01:37 PM

Originally Posted by redhaze

It certainly could tank,

If it does tank, Am I right in assuming Luigi will be getting tanked 20 percent more than your average punter?

**Luigi** · 10-01-2018, 01:42 PM

AKA, Doing A Ripple.

Not seeing it yet.

^ Think I'd be close to losing all faith and selling my entire portfolio for 10 minutes with a Ugandan.

**redhaze** · 10-01-2018, 01:49 PM

Anyone else own GAS? That's been a big gainer today. Two bad I only own two of them. Still I've got GAS

**jabir** · 10-01-2018, 01:57 PM

Originally Posted by Dillinger

^^Have you took any out yet?

Do you wanna chaperone me down the beach?

I'll buy you a cornetto and a Zambian

Couldn't handle the tonnage.

Seriously, my last ETH cost me more than 38k on bx when it was riding elsewhere for 32-33k, because I'm in with baht that only bx and cohorts accept, and which gives them the upper hand throughout.

Otoh, one problem with localbitcoins is most vendors are asking around or more than bx, which makes no sense at all to deal, and that's assuming they have the goods.

**jabir** · 10-01-2018, 01:58 PM

Originally Posted by Luigi

I have.

Not a lot.

Round 2 weeks ago, sold 10k baht of REP (I think), deposited it to my K-Bank account, 30b network fee and 0.25% of the trade taken out of my REP balance, bought a liter of Gold Label and a nurse.

Was she worth the hassle?

**pseudolus** · 10-01-2018, 01:59 PM

Originally Posted by bsnub

Tanking hard that one. Glad I sold it off last month. All you can do is hold.

So did I, just before it fell, and then I went in again lol. Taking the shine of Ethereum but no choice now - hold and ignore it until it turns green again.

**Luigi** · 10-01-2018, 02:00 PM

^^ Only took 5 seconds.

Yes those 5 seconds were worth the hassle of the withdrawal process.

**jabir** · 10-01-2018, 02:03 PM

(bx) ETH down to 81%, REP catching up at 17%...

**Luigi** · 10-01-2018, 02:07 PM

Think I'll hold off hitting f5 for the rest of the minute.

**PlanK** · 10-01-2018, 02:16 PM

Originally Posted by jabir

Otoh, one problem with localbitcoins is most vendors are asking around or more than bx, which makes no sense at all to deal, and that's assuming they have the goods.

I think the point of localbitcoins is to get some 'street' BTC without going through the KYC of exchanges. Then you can buy your drugs and kiddie porn without any link back.

**bsnub** · 10-01-2018, 02:16 PM

Originally Posted by redhaze

Tron is now my biggest altcoin holding. Let's fucking go!

Are you in the cups?

Originally Posted by pseudolus

hold and ignore it until it turns green again.

I doubt anyone is unscathed from today. I am getting hammered by Cardano. Thankfully I have APPC to offset it.

**Maanaam** · 10-01-2018, 02:17 PM

Originally Posted by Luigi

bought a liter of Gold Label and a whore dressed as a nurse.

FTFY

**redhaze** · 10-01-2018, 02:18 PM

Originally Posted by bsnub

Are you in the cups?

Not yet. Ask me again in an hour

**Luigi** · 10-01-2018, 02:20 PM

Originally Posted by jabir

my last ETH cost me more than 38k on bx when it was riding elsewhere for 32-33k,

This doesn't make any difference, if you are not sending it to other exchanges.

If it goes up 100%, you will sell it on BX at 76k, where on other exchanges people will be selling it at 64-66k.

You still make the same % profit (or loss) as you would on any other exchange.

**jabir** · 10-01-2018, 02:20 PM

Originally Posted by Plan B

I think the point of localbitcoins is to get some 'street' BTC without going through the KYC of exchanges. Then you can buy your drugs and kiddie porn without any link back.

I thought it was to save fees/spreads, and my kids aren't old enough for porn or drugs.

**jabir** · 10-01-2018, 02:23 PM

Originally Posted by bsnub

Are you in the cups?

I doubt anyone is unscathed from today. I am getting hammered by Cardano. Thankfully I have APPC to offset it.

APPC still extremely volatile, down a full baht from its high, I reckon once it settles your patience will pay off...mine too!

**jabir** · 10-01-2018, 02:24 PM

Luigi, tell me about the nano, can't figure it out and would like to start stashing.

Thread: RIP Bitcoin

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