Thread: RIP Bitcoin

^What's that Jeff?.

Originally Posted by redhaze

Yeah that's kind of what I was thinking....makes as much sense as anything.

are you trading yet, red?

Originally Posted by redhaze

How is everyone deciding where to put their money? Any rationale or just seat of your pants?

Basic fundamentals for me are: good usecase, seed funding from established businesses, references from respected authorities.
Looking into the storage coins a bit deeper atm, if the technology is successful won't expect it to get established, and profits realised, for a few more years.

hold your bitcoin cash - it has just been listed on coinbase so it will spike - and one of the reasons for the decline in BTC

After months of rumors, it's official: Bitcoin Cash (BCH) is coming to Coinbase.

A blog post on Tuesday has officially confirmed what many have been speculating for months: Bitcoin Cash—a fork of the Bitcoin blockchain—is headed to popular cryptocurrency brokerage Coinbase, effective as soon as there is "sufficient liquidity" on GDAX.

Users will be able to buy, sell, send, and receive Bitcoin Cash on the platform.

This follows a recent surge in price in BCH. Following the announcement, Bitcoin plunged by 12 percent, dropping below $17K, while BCH jumped several hundred dollars, clearing the $3K mark. The current listed price on CoinMarketCap is $3,387.54.

https://www.forbes.com/sites/jesseda.../#14dcd04519f6
https://support.coinbase.com/custome...tcoin-cash-faq

^

They suspended trading on BCH on coinbase cause they couldn't keep up, hence the big drop back down.

Sweet, cheers Baldy.

What I put into BCH yesterday has almost doubled, put in more today.

To the moon!!!!!

What could go wrong?

Just open an account and climb on board...

Originally Posted by Farangrakthai

are you trading yet, red?

My wire literally just processed. Starting to realize I haven't really formulated a gameplan yet.

Since I have to buy into bitcoin first, and its dropping at a pretty good clip, I feel like that gives me some time to assess.

Plan: Buy bitcoin on gdax, move it over to binance, convert it into half btc cash and half alts. Sound reasonable?

Still trying to decide on the alts

Originally Posted by Luigi

But today's pull from BTC into:

35% BCH
40% REP
15% ETH
10% XRP

3 of the 4 down since I bought more today.

Originally Posted by YourDaddy

What could go wrong?

Nothing at all!

Bitcoin price plummets as Coinbase adds support for rival bitcoin cash - NZ Herald

diarrhea in your spacesuit ?

Originally Posted by redhaze

What are you lads throwing your fun money at these days?

A fairly diverse portfolio of 7 cyrptos at around 10-15%each.

BTC, BCH, REP, XPR, ETH, DAS and LTC.


Don't automatically follow me though, I haven't a clue what the fook I'm doing.


Been taking out BTC and putting it into BCH and REP the last 2 days.

Originally Posted by Luigi

Been taking out BTC and putting it into BCH and REP the last 2 days.

Good moves. Those are both up quite a bit by the looks of it......

A lot of the coins besides BTC Gold and Bitcoin cash seems to be correcting down over the last few hours. Might wait to see where things stand in the morning before making any moves

Originally Posted by redhaze

A lot of the coins besides BTC Gold and Bitcoin cash seems to be correcting down over the last few hours. Might wait to see where things stand in the morning before making any moves

My Blockfolio App, which isn't exactly accurate, is showing -4% for the past 24 hrs, and the only ones in the green are REP, BCH and DAS. Those 3 are up an average of around 25-30%.

So I transferred my wire to gdax, and was all set to buy some bitcoin cash as my first investment. And what do you know, trading has been suspended. FML.

I don't even want to hold bitcoin at this point as a first time buy with how fast its plummeting. Seems like waiting until morning is going to be the course of action here. Bummed I can't get in on BTC now though.

Bitcoin looks to break below 16k any minute now...

Originally Posted by Luigi

My Blockfolio App, which isn't exactly accurate, is showing -4% for the past 24 hrs, and the only ones in the green are REP, BCH and DAS. Those 3 are up an average of around 25-30%.

on binance it's up 90% today (24 hours) against btc.

Speaking of the devil, so I went ahead and purchased a grand worth of bitcoin on gdax. Transferred it over to binance. Nothing there. Read on the internets that I should have purchased a different coin because bitcoin transfers are slow as fuck. FML. Guess I'm stuck holding bitcoin.

And that's assuming I did it all correctly. No confirmation codes, no nothing. Money just goes off the screen and disappears into fat air. A little unsettling.

Originally Posted by redhaze

Transferred it over to binance. Nothing there. Read on the internets that I should have purchased a different coin because bitcoin transfers are slow as fuck.

There are also high transfer fees associated with it. I could have swore I told you to buy LTC and transfer that instead. It is much faster and less costly.

Originally Posted by redhaze

And that's assuming I did it all correctly. No confirmation codes, no nothing. Money just goes off the screen and disappears into fat air. A little unsettling.

It will go through just be patient.

Originally Posted by redhaze

Transferred it over to binance.

you deposited it in "funds"/deposits for bitcoin?

it takes 15-20 minutes for the blockchain to do a couple verifications and then it'll be there.

Originally Posted by bsnub

I could have swore I told you to buy LTC

probably a better buy anyway

Originally Posted by Luigi

My Blockfolio App, which isn't exactly accurate, is showing -4% for the past 24 hrs

I wonder if you are confusing yourself ? do you have the front page on USD and the alts you are exchange paired followng are paired with ETH or BTC ? so the dip in ETH and BTC causes the dollar amount to drop but the difference between the pairs is not the same percentage as the dollar drop in value

Originally Posted by bsnub

There are also high transfer fees associated with it. I could have swore I told you to buy LTC and transfer that instead. It is much faster and less costly.

You probably did mate. I may have overlooked it. Classic rook move LMAO

Not sure where the fee part comes in though. GDAX said "its always free to wthdraw BTC" or some asshattery right before I hit the send button

Originally Posted by Farangrakthai

you deposited it in "funds"/deposits for bitcoin?

I did indeed. Its weird though, I don't even see a record of the transfer anywhere on gdax. Perhaps I'm not looking in the right place....

I did pay a fee of US $2.49 on the $1000 dollar BTC buy on GDAX if that's what you mean snub. 0.25% I thought was pretty ok

Originally Posted by Farangrakthai

It will go through just be patient.

Originally Posted by Farangrakthai

it takes 15-20 minutes for the blockchain to do a couple verifications and then it'll be there.

There are people all over the internet saying its taking 8+ hours. Maybe they are exceptions but there seem to be quite a few of them

Originally Posted by redhaze

I did indeed. Its weird though, I don't even see a record of the transfer anywhere on gdax. Perhaps I'm not looking in the right place....

look on binance:history.