Thread: RIP Bitcoin

I am a bit gutted as I tried with coinbase again earlier in the week when dropped below £200 but again same issues and I'd have made a quick 25% which would have been cashed out in full. Shit is too much hassle. Too use to my share trading account where buying and selling shit is a hassle free experience and any issues online and a quick phone call and deal over the phone.

Originally Posted by buriramboy

Lulu you are aware that until you actually crystallize your gains they are only paper gains and while nice to look at essentially meaningless. The trick is knowing when to exit before greed takes over.

Yup.

Probably in 1 to 2 years.


Or legging it to a computer when they all crash 70% in 10 seconds.

Originally Posted by Dillinger

^

Just cleared immigration at Swampy.

BTC -2%
Alts +4%

A rather uneventful 24hrs.

Originally Posted by Mr Earl

well I guess it doesn't take much to do well with it now. Back in 2012 it wasn't the easiest technology to navigate, from my readings.

I only got the clue this year, and I'm quite jazzed about it!
$1,000,000.00 bitcoin is a very real possibility. Or else John McAfee will have to eat his dick!!

$1m btc at full quota of 21m would match the US national debt if it doesn't move...interesting.

Originally Posted by YourDaddy

I sold my condo and bought 15 bitcoins.

Am in the process of selling some stuff in London, certainly won't be as ambitious as you but in the worst case scenario shall we arrange to leap together?

You can not use his condo balcony now

Originally Posted by Dragonfly

I will start shorting those Bitcoin futures next week

the real face of BitCoins

Button finger the on....then fast forward not too far...

Originally Posted by baldrick

You can not use his condo balcony now

Many alternatives, we could rent a place, short time.

I expect everyone has exhausted their end of year bonuses and the market will cool and consolidate for a bit.

I think we are due for a dip soon, I'm hoping anyway, I wanna buy another BTC this year!

Then watch it make a run for 50k or 100k next year.

Im hoping loads sell for xmas, then i can nip in the New Year

Originally Posted by Dillinger

then i can nip in the New Year

You will be too late.

Interesting perspective about how BTC and ETH work together.

I am looking at Platinum and noticed I can buy a nice, wholesome Canadian leaf 1oz Platinum coin for less than $1000 US.

Can some of the BTC boollz tell me why should I buy a computer code which can be replicated and hacked instead of one of the rarest metals on the planet?

I swear to moma I am not trolling.... if you think US buck is doomed and you are collecting crypto for the rarity value, then why not buy Platinum for the same reason?

1BTC = 19oz of platinum at the moment.




Earl: Every video you posted features a used car salesman. Just look at those mugz

Watch some of the Andreas Antonopolous talks and you might come to understand what gives Bitcoin value.

Originally Posted by Mr Earl

Watch some of the Andreas Antonopolous talks and you might come to understand what gives Bitcoin value.

^how about them Beanie Babies...

Baldwin, Luigi, or any other guru: I have some btc in custody of someone I trust, no problem there and it's not really relevant to this post unless I decide to transfer them to myself at some time.

Also, buying some btc and eth increments on bx.in.th.

How do I transfer them from my bx account offline and away from control of the exchange, which quite frankly I don't trust and also believe it's the safest and sensible thing to do?

I have several empty wallets from various sources, they just seemed to appear over the months and I cannot connect any wallet with any source. As I intend at least for now to hold long term, my ideal is to delete all of those wallets and set up a new one, then transfer the btc and eth bits to it from the exchange as I purchase them.

To avoid very basic questions, what is the best place for an absolute newbie?

tia

Ok so I finally got around to opening up a coinbase account. The amount of info you have to fork over is absurd, but I didn't have any trouble getting verified which apparently is a big problem for a number of others. It was still cumbersome but whatever.

Soooo, I thought I was all set to trade and then (surprise) yet another brick wall in the form of my WEEKLY trading limit being $250 US dollars. So, whatever I go to deposit the stupid 250 dollars and apparently it won't be there for 10 days!

What a joke. They have a wire transfer option which I might give a go tomorrow. Shit is exhausting

Originally Posted by jabir

I have several empty wallets from various sources, they just seemed to appear over the months and I cannot connect any wallet with any source. As I intend at least for now to hold long term, my ideal is to delete all of those wallets and set up a new one, then transfer the btc and eth bits to it from the exchange as I purchase them.

Have you thought about buying a physical wallet? If you want your coins totally offline apparently that is the best/easiest way to do it. I think they cost around $50 US or something.

^ Slide that money over too gdax. There should be no fee. Then follow my previous instructions.

Sorry to both, there's so much info up there that it's easy to get totally lost, QED.

Would a physical wallet be compatible with btc and eth, possibly others later?

And are you saying that until I have a physical wallet my stuff has to stay at the exchange? If so, then wtf are those 'wallets' I have, which are just a string of characters?

Would hurt but fair's fair if btc goes belly up overnight, but worst scenario is to be heisted or done by a runner.

Originally Posted by jabir

Would a physical wallet be compatible with btc and eth, possibly others later?

Yes

Originally Posted by jabir

And are you saying that until I have a physical wallet my stuff has to stay at the exchange? If so, then wtf are those 'wallets' I have, which are just a string of characters?

No not at all. Just that those wallets are all still online/hot. If you're looking for safety, taking the money off the grid is apparently the way to go.

Originally Posted by jabir

Would hurt but fair's fair if btc goes belly up overnight, but worst scenario is to be heisted or done by a runner.

Apparently this can still happen with software wallets, but yeah that said I think the right one is clearly better than keeping your money on an exchange, never meant to imply otherwise

Originally Posted by bsnub

^ Slide that money over too gdax. There should be no fee. Then follow my previous instructions.

Right on man, will do! In ten days

UPDATE: When I made the transfer it said it would take 10 days, but the email confirmation says 2-4 days. We shall see...