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  • trytrytry
    SBR Posting Legend
    • 03-13-06
    • 23650

    #736
    transfer to GDAX and make an easy $300 per btc.

    so after you did that you cashed them out to your bank to lock in this easy 300 per coin?

    can you go GDAX to your bank account?
    Comment
    • raiders72001
      Senior Member
      • 08-10-05
      • 11059

      #737
      Originally posted by milwaukee mike
      what possible way is there for more than a handful of cryptos to succeed? people take v.isa/m.c./discover/amex but nobody is going to take 300 different cards, or 300 different alt currencies. the real purpose of a crypto is to generate money out of thin air (like the federal reserve) which can't be sustainable
      I would agree that long term many of the alts will disappear but right now alts are great for traders. Here are the price changes for the last hour and 24 hours of the top cryptos.


      Comment
      • trytrytry
        SBR Posting Legend
        • 03-13-06
        • 23650

        #738
        Originally posted by milwaukee mike
        where are you try3? no waiting 9 hours for it to go up to 4900 and then accepting
        im in mike. 5150 figure we know each other dont need to post up do we?
        Comment
        • milwaukee mike
          BARRELED IN @ SBR!
          • 08-22-07
          • 26914

          #739
          Originally posted by trytrytry
          im in mike. 5150 figure we know each other dont need to post up do we?
          like i said he waits 9 hours

          yeah that's fine even though it's 4465... odds seriously in your favor, let's use bitstamp

          pm me after i lose to remind me to send the 333
          Comment
          • raiders72001
            Senior Member
            • 08-10-05
            • 11059

            #740
            It seems as though the Chinese ICO ban is temporary and will resume after regulations are put in place.
            Comment
            • TheSideBet
              SBR MVP
              • 08-05-15
              • 2301

              #741
              Originally posted by raiders72001
              It seems as though the Chinese ICO ban is temporary and will resume after regulations are put in place.
              More China news wreaking havoc on the markets this morning with threats to shut down local exchanges?
              Comment
              • trytrytry
                SBR Posting Legend
                • 03-13-06
                • 23650

                #742
                Originally posted by milwaukee mike
                like i said he waits 9 hours

                yeah that's fine even though it's 4465... odds seriously in your favor, let's use bitstamp

                pm me after i lose to remind me to send the 333
                thanks for the mush, well played
                Comment
                • raiders72001
                  Senior Member
                  • 08-10-05
                  • 11059

                  #743
                  Originally posted by TheSideBet
                  More China news wreaking havoc on the markets this morning with threats to shut down local exchanges?
                  crazy stuff.
                  Comment
                  • milwaukee mike
                    BARRELED IN @ SBR!
                    • 08-22-07
                    • 26914

                    #744
                    almost had a heart attack when i saw my balance at kraken, showing btc at 3500

                    it had changed to euros for some reason
                    Comment
                    • juvunits
                      SBR Sharp
                      • 10-17-16
                      • 367

                      #745
                      Does bitcoin fluctuate all day or is unlike the markets where it closes?
                      Comment
                      • TheSideBet
                        SBR MVP
                        • 08-05-15
                        • 2301

                        #746
                        Originally posted by juvunits
                        Does bitcoin fluctuate all day or is unlike the markets where it closes?
                        It's basically forex. Open for business 24/7 but has peak times depending on country trading.
                        Comment
                        • juvunits
                          SBR Sharp
                          • 10-17-16
                          • 367

                          #747
                          Originally posted by TheSideBet
                          It's basically forex. Open for business 24/7 but has peak times depending on country trading.
                          When are the peak times? Should I be buying during these peak times?
                          Comment
                          • techpeter
                            SBR Rookie
                            • 12-23-11
                            • 12

                            #748
                            if you are buying to deposit into a sportsbook best to buy when you have a upwards trend as the time it takes to buy bitcion to your wallet then to deposit it your bookmaker if on a downward trend you can lose a lot of bucks as the value of BTC to USD falls .
                            best to look at some charts i use e-toro.com but lots of of free chats to veiw . have a check bitcoinnews to see if anything might make the market move before you buy
                            best tip do not rush if the market does not look good wait untill next day
                            Comment
                            • TheSideBet
                              SBR MVP
                              • 08-05-15
                              • 2301

                              #749
                              Originally posted by juvunits
                              When are the peak times? Should I be buying during these peak times?
                              Honestly depends on which crypto you are actively trading. Coins are huge in Asia so look at their awake and busy trading time. Massive volume out of Japan and Korea even with the latest round of China news.
                              Comment
                              • raiders72001
                                Senior Member
                                • 08-10-05
                                • 11059

                                #750
                                Originally posted by TheSideBet
                                Honestly depends on which crypto you are actively trading. Coins are huge in Asia so look at their awake and busy trading time. Massive volume out of Japan and Korea even with the latest round of China news.
                                This is true. It depends upon the coin. As an example QTUM is heavily traded by the Koreans and they control the price.
                                Comment
                                • MeanPeopleSuck
                                  SBR Wise Guy
                                  • 04-29-17
                                  • 950

                                  #751
                                  A terrifying rumor for all crypto owners/traders/dabblers: https://www.coindesk.com/report-cast...oin-exchanges/
                                  Comment
                                  • raiders72001
                                    Senior Member
                                    • 08-10-05
                                    • 11059

                                    #752
                                    Originally posted by MeanPeopleSuck
                                    A terrifying rumor for all crypto owners/traders/dabblers: https://www.coindesk.com/report-cast...oin-exchanges/
                                    I'm hoping that this rumor is fake news.
                                    Comment
                                    • MeanPeopleSuck
                                      SBR Wise Guy
                                      • 04-29-17
                                      • 950

                                      #753
                                      Originally posted by raiders72001
                                      I'm hoping that this rumor is fake news.
                                      Me too, but even non crypto news sources are now reporting the rumor:

                                      WSJ: https://www.wsj.com/articles/china-t...ces-1505100862

                                      Barron's: http://www.barrons.com/articles/chin...ges-1505110972

                                      CNBC: https://www.cnbc.com/2017/09/11/bitc...exchanges.html

                                      So it this does happen, how big a hit are we talking?
                                      Comment
                                      • allabout the $$$
                                        SBR Hall of Famer
                                        • 04-17-10
                                        • 9843

                                        #754
                                        everything dropping like a bad habit
                                        Comment
                                        • JAKEPEAVY21
                                          BARRELED IN @ SBR!
                                          • 03-11-11
                                          • 29231

                                          #755
                                          what a bloodbath
                                          Comment
                                          • USCPHILLYGUY
                                            SBR Posting Legend
                                            • 12-15-12
                                            • 21744

                                            #756
                                            3541
                                            Comment
                                            • milwaukee mike
                                              BARRELED IN @ SBR!
                                              • 08-22-07
                                              • 26914

                                              #757
                                              Originally posted by milwaukee mike
                                              almost had a heart attack when i saw my balance at kraken, showing btc at 3500

                                              it had changed to euros for some reason
                                              and now 6 days later it's 3500 in usd
                                              Comment
                                              • triplecrown333
                                                SBR MVP
                                                • 07-13-14
                                                • 1524

                                                #758
                                                3k by the weekend is not out of reach...time to load up on ripple and neo
                                                Comment
                                                • MeanPeopleSuck
                                                  SBR Wise Guy
                                                  • 04-29-17
                                                  • 950

                                                  #759
                                                  Today's crash is 100% being caused by news out of China: the largest, most profitable crypto exchange is being forced to close, which has everyone wondering if ANY Chinese exchanges will be allowed to operate beyond the end of the month. https://www.coindesk.com/btcc-to-cea...ould-continue/

                                                  It's too early to know how far this crackdown's going to reach, but the worst case scenario that everybody, including me, dismissed that China might make some gigantic move to basically wipe out crypto trading entirely is, at a minimum, back on the possibilities board.
                                                  Comment
                                                  • JAKEPEAVY21
                                                    BARRELED IN @ SBR!
                                                    • 03-11-11
                                                    • 29231

                                                    #760
                                                    Originally posted by MeanPeopleSuck
                                                    Today's crash is 100% being caused by news out of China: the largest, most profitable crypto exchange is being forced to close, which has everyone wondering if ANY Chinese exchanges will be allowed to operate beyond the end of the month. https://www.coindesk.com/btcc-to-cea...ould-continue/

                                                    It's too early to know how far this crackdown's going to reach, but the worst case scenario that everybody, including me, dismissed that China might make some gigantic move to basically wipe out crypto trading entirely is, at a minimum, back on the possibilities board.
                                                    I was hoping we were close to reaching the floor of this downswing but I guess not?
                                                    Comment
                                                    • milwaukee mike
                                                      BARRELED IN @ SBR!
                                                      • 08-22-07
                                                      • 26914

                                                      #761
                                                      Originally posted by triplecrown333
                                                      3k by the weekend is not out of reach...time to load up on ripple and neo
                                                      i do like the ripple

                                                      Comment
                                                      • TheSideBet
                                                        SBR MVP
                                                        • 08-05-15
                                                        • 2301

                                                        #762
                                                        Hope everyone used stop loss or just exited all positions and regrouped.

                                                        Things will get better soon. just remember, first they ignore you then they mock you and lastly they attack you. Happens to all disrupters so play the long game if you will. Screw all of the get rich quick stuff.
                                                        Comment
                                                        • Sam Odom
                                                          SBR Aristocracy
                                                          • 10-30-05
                                                          • 58063

                                                          #763
                                                          Originally posted by milwaukee mike

                                                          i do like the ripple

                                                          Last edited by Optional; 09-14-17, 09:30 AM.
                                                          Comment
                                                          • jjgold
                                                            SBR Aristocracy
                                                            • 07-20-05
                                                            • 388189

                                                            #764
                                                            The coins are struggling again because of China
                                                            Comment
                                                            • MeanPeopleSuck
                                                              SBR Wise Guy
                                                              • 04-29-17
                                                              • 950

                                                              #765
                                                              Originally posted by JAKEPEAVY21
                                                              I was hoping we were close to reaching the floor of this downswing but I guess not?
                                                              I think we're getting there. Today seems to be the day that those living in "Fake News" denial of the events in China appear to be coming to their senses. That means the market's getting closer to properly pricing BTC for a post Chinese exchanges world.

                                                              This is only a guess, and I could easily be wrong, but I'd be surprised if the bottom ends up breaking $3k, or even the $3200ish numbers the Technical Analysis guys are so in love with.

                                                              FWIW, I'm buying today. In keeping with the dollar cost averaging prices I outlined last night, I've had 5 different buy orders trigger this morning between $3701 and $3501, and one of the reasons I'm hopeful the recovery will be robust is that lost in all this China news is the fact that SegWit has succeeded beyond anyone's expectations at reducing BTC's fees and wait times.

                                                              Hang in there, Jake. Don't sell into the crash. These things always feel like they're the end of the world, but they never are. Crashes suck, but they pass. Power, brother.
                                                              Comment
                                                              • Optional
                                                                Administrator
                                                                • 06-10-10
                                                                • 60877

                                                                #766
                                                                I'm not a crypto investor and if not for friends having money in it I would love for it to drop back to under $100, so that it is a more useful money transfer mechanism.

                                                                But I think if I had some spare cash right now I would be seriously looking at buying. There is about 30% upside just to the recent high and too many people with big money in this now. The market will factor in whatever China means once it becomes clear and the same upward trend should then resume. And I mean within hours/days.

                                                                And that is probably my first price prediction re bitcoin ever on here.
                                                                .
                                                                Comment
                                                                • milwaukee mike
                                                                  BARRELED IN @ SBR!
                                                                  • 08-22-07
                                                                  • 26914

                                                                  #767
                                                                  Originally posted by Optional
                                                                  I'm not a crypto investor and if not for friends having money in it I would love for it to drop back to under $100, so that it is a more useful money transfer mechanism.

                                                                  But I think if I had some spare cash right now I would be seriously looking at buying. There is about 30% upside just to the recent high and too many people with big money in this now. The market will factor in whatever China means once it becomes clear and the same upward trend should then resume. And I mean within hours/days.

                                                                  And that is probably my first price prediction re bitcoin ever on here.
                                                                  i take the opposite approach, the fact that bigger money is in bitcoin means the swings could be even greater... big money uses electronic trading and autosells stuff on the way down

                                                                  nobody really knows whether bitcoin is worth 0 or 100,000... so to think 3500 is a bargain based on the 5000 high but ignoring that it was 400 a year ago is pretty silly. might be a bargain, might not be
                                                                  Comment
                                                                  • JAKEPEAVY21
                                                                    BARRELED IN @ SBR!
                                                                    • 03-11-11
                                                                    • 29231

                                                                    #768
                                                                    Originally posted by MeanPeopleSuck
                                                                    I think we're getting there. Today seems to be the day that those living in "Fake News" denial of the events in China appear to be coming to their senses. That means the market's getting closer to properly pricing BTC for a post Chinese exchanges world.

                                                                    This is only a guess, and I could easily be wrong, but I'd be surprised if the bottom ends up breaking $3k, or even the $3200ish numbers the Technical Analysis guys are so in love with.

                                                                    FWIW, I'm buying today. In keeping with the dollar cost averaging prices I outlined last night, I've had 5 different buy orders trigger this morning between $3701 and $3501, and one of the reasons I'm hopeful the recovery will be robust is that lost in all this China news is the fact that SegWit has succeeded beyond anyone's expectations at reducing BTC's fees and wait times.

                                                                    Hang in there, Jake. Don't sell into the crash. These things always feel like they're the end of the world, but they never are. Crashes suck, but they pass. Power, brother.
                                                                    I'm not going anywhere. I am not a panic seller and am holding firm.

                                                                    Thanks again for all your insight regarding cryptos
                                                                    Comment
                                                                    • triplecrown333
                                                                      SBR MVP
                                                                      • 07-13-14
                                                                      • 1524

                                                                      #769
                                                                      yeah with crypto, there is no floor or ceiling
                                                                      Comment
                                                                      • USCPHILLYGUY
                                                                        SBR Posting Legend
                                                                        • 12-15-12
                                                                        • 21744

                                                                        #770
                                                                        Originally posted by JAKEPEAVY21
                                                                        I'm not going anywhere. I am not a panic seller and am holding firm.

                                                                        Thanks again for all your insight regarding cryptos
                                                                        Jake talked me down from the bridge this morning
                                                                        Comment
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