Bitcoin is tumbling

[HM-PuFFNSTuFF]

How does a complete newb go about buying some Litecoin?

Register with an exchange like Kraken. I own some litecoin and EOS at the moment.

[xer0s]

Alright, after some research, looks like I need to make a bank transfer into Coinbase, move the money over to GDAX for no fee, buy LTC from GDAX, take LTC out of GDAX and put into a hardware wallet...

[losCHUNK]

I cba 2 gas

[Κracus]

Alright, after some research, looks like I need to make a bank transfer into Coinbase, move the money over to GDAX for no fee, buy LTC from GDAX, take LTC out of GDAX and put into a hardware wallet...

Yeah or you can just create a coinbase account, link your bank account and buy litecoins whenever you want. I also own litecoins, bought in when it was roughly 50$ and seeing a nice profit there although I didn't put as much as I did into bitcoin.

If you don't want to store your coins on coinbase then you can move them to GDAX and from there put them into a wallet for almost no fees.

[xer0s]

Why use Coinbase at all? Can’t I make bank transfers and buy coins right on GDAX?

[Κracus]

I don't use GDAX but yeah I think so. Both GDAX and coinbase are owned by the same company though iirc.

Personally as a US citizen I'd use coinbase since it's fairly easy to buy and sell. As a Canadian I can only buy on coinbase and can't sell so using GDAX makes sense.

[xer0s]

Posted just last night from the founder of Litecoin:

https://www.reddit.com/r/litecoin/comme ... h=aac9524a

[xer0s]

He says selling his shares won’t have an influence, but it’s down 11% today...

[Κracus]

11% is a drop in the bucket in comparison to the huge spikes it's been having so far this year. The entire cryptocurrency market could drop 50% in value overnight and would still be worth more than I imagined it'd ever be worth in 2012 when I started following cryptocurrency news.

[xer0s]

Can I store two or more different cryptocurrencies on the same hardware wallet? For example, can I keep my stash of bitcoin, litecoin, and ripple all on the same wallet?

[Doombrain]

Κracus , didn't you lose 200 coins on an HD once?

[xer0s]

Fuck, only a moron wouldn’t write down his keys...

[Doombrain]

I think he lost the HD, not the keys.

[xer0s]

Just ordered a Ledger. I guess I’ll go ahead and buy my coins and get em on the wallet when it gets here...

[Κracus]

Κracus , didn't you lose 200 coins on an HD once?

I have not. I've lost 0.2 coins though as someone once tipped me 0.2 when tipping was a thing on reddit and I have no clue where that went. If I lost 200 coins I'd probably just commit suicide.

[Captain]

Can I store two or more different cryptocurrencies on the same hardware wallet? For example, can I keep my stash of bitcoin, litecoin, and ripple all on the same wallet?

Yes

[Doombrain]

Κracus , didn't you lose 200 coins on an HD once?

I have not. I've lost 0.2 coins though as someone once tipped me 0.2 when tipping was a thing on reddit and I have no clue where that went. If I lost 200 coins I'd probably just commit suicide.

I clearly recall your post about an old mining rig that was lost with a number of coins.

[Transient]

The price just dropped from $15k to $10k overnight and Coinbase halted trading.

I think I'll stick to my IRAs.

[vesp]

Thread title relevant once more.

[Transient]

https://gizmodo.com/bitcoin-crashed-and ... 1821529613

We’re also likely seeing the “bitcoin whales” finally cashing out. A thousand people own 40 percent of the bitcoin market and when that price edged toward $20,000, the writing was on the wall.

Some of the whales have even publicly announced their moves. Litecoin’s founder dumped all of his litecoin holdings this week. An anonymous whale recently announced they’d be giving away $86 million worth of bitcoin to charity through an organization they call the Pineapple Fund. When I asked the founder by email if they recommend that the charities hold the bitcoin or cash out, they told me, “We encourage charities to convert bitcoin to their national currency ASAP, as they shouldn’t be engaging in speculation!” They also added, “On a personal note, I do expect bitcoin and all cryptocurrencies to crash in the immediate future.”

[losCHUNK]

Lots of dealers just shit the bed

[Whiskey 7]

Thread title relevant once more.

Sell, sell, sell..... WAIT.... Buy, buy, buy.... err maybe

[xer0s]

I got some Ripple and Verge bought last night. This is confusing as shit. And a lot more difficult than I imagined. But I’m already up about 25% total between the two coins.

My only problem is I’ve still got my coins on Binance. I need to get them on a wallet. I’ve ordered my Ledger, but it won’t be here for 2 or 3 weeks. Plus, I’m seeing that I may not be able to put Verge on the Ledger. I didn’t realize it wouldn’t just any coin.

Any suggestions? Paper wallet?

[seremtan]

and this is the currency they tell us should replace fiat currency, you know, cuz gubberment

any currency you can't pay your taxes in is intrinsically unstable

[Doombrain]

I got some Ripple and Verge bought last night. This is confusing as shit. And a lot more difficult than I imagined. But I’m already up about 25% total between the two coins.

My only problem is I’ve still got my coins on Binance. I need to get them on a wallet. I’ve ordered my Ledger, but it won’t be here for 2 or 3 weeks. Plus, I’m seeing that I may not be able to put Verge on the Ledger. I didn’t realize it wouldn’t just any coin.

Any suggestions? Paper wallet?

Yes, don't buy anything until you're ready.