Re: Bitcoin is tumbling
Posted: Tue Dec 19, 2017 10:58 pm
Register with an exchange like Kraken. I own some litecoin and EOS at the moment.xer0s wrote:How does a complete newb go about buying some Litecoin?
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Re: Bitcoin is tumbling
Posted: Wed Dec 20, 2017 12:39 am
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...
Re: Bitcoin is tumbling
Posted: Wed Dec 20, 2017 5:48 am
I cba 2 gas
Re: Bitcoin is tumbling
Posted: Wed Dec 20, 2017 12:41 pm
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.xer0s wrote: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...
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.
Re: Bitcoin is tumbling
Posted: Wed Dec 20, 2017 2:09 pm
Why use Coinbase at all? Can’t I make bank transfers and buy coins right on GDAX?
Re: Bitcoin is tumbling
Posted: Wed Dec 20, 2017 4:06 pm
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.
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.
Re: Bitcoin is tumbling
Posted: Wed Dec 20, 2017 6:35 pm
Posted just last night from the founder of Litecoin:
https://www.reddit.com/r/litecoin/comme ... h=aac9524a
https://www.reddit.com/r/litecoin/comme ... h=aac9524a
Re: Bitcoin is tumbling
Posted: Wed Dec 20, 2017 6:41 pm
He says selling his shares won’t have an influence, but it’s down 11% today...
Re: Bitcoin is tumbling
Posted: Thu Dec 21, 2017 12:44 pm
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.
Re: Bitcoin is tumbling
Posted: Thu Dec 21, 2017 3:54 pm
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?
Re: Bitcoin is tumbling
Posted: Thu Dec 21, 2017 4:07 pm
Κracus , didn't you lose 200 coins on an HD once?
Re: Bitcoin is tumbling
Posted: Thu Dec 21, 2017 4:17 pm
Fuck, only a moron wouldn’t write down his keys...
Re: Bitcoin is tumbling
Posted: Thu Dec 21, 2017 4:21 pm
I think he lost the HD, not the keys.
Re: Bitcoin is tumbling
Posted: Thu Dec 21, 2017 4:28 pm
Just ordered a Ledger. I guess I’ll go ahead and buy my coins and get em on the wallet when it gets here...
Re: Bitcoin is tumbling
Posted: Thu Dec 21, 2017 7:25 pm
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.Doombrain wrote:Κracus , didn't you lose 200 coins on an HD once?
Re: Bitcoin is tumbling
Posted: Fri Dec 22, 2017 3:32 am
Yesxer0s wrote: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?
Re: Bitcoin is tumbling
Posted: Fri Dec 22, 2017 8:11 am
I clearly recall your post about an old mining rig that was lost with a number of coins.Κracus wrote: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.Doombrain wrote:Κracus , didn't you lose 200 coins on an HD once?
Re: Bitcoin is tumbling
Posted: Fri Dec 22, 2017 8:10 pm
The price just dropped from $15k to $10k overnight and Coinbase halted trading.
I think I'll stick to my IRAs.
I think I'll stick to my IRAs.
Re: Bitcoin is tumbling
Posted: Sat Dec 23, 2017 12:34 am
Thread title relevant once more.
Re: Bitcoin is tumbling
Posted: Sat Dec 23, 2017 12:44 am
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.”
Re: Bitcoin is tumbling
Posted: Sat Dec 23, 2017 2:21 am
Lots of dealers just shit the bed
Re: Bitcoin is tumbling
Posted: Sat Dec 23, 2017 4:30 am
vesp wrote:Thread title relevant once more.
Sell, sell, sell..... WAIT.... Buy, buy, buy.... err maybe
Re: Bitcoin is tumbling
Posted: Sun Dec 24, 2017 4:41 am
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?
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?
Re: Bitcoin is tumbling
Posted: Sun Dec 24, 2017 11:59 am
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
any currency you can't pay your taxes in is intrinsically unstable
Re: Bitcoin is tumbling
Posted: Sun Dec 24, 2017 12:37 pm
Yes, don't buy anything until you're ready.xer0s wrote: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?