crypto currency discussion

Sam Odom · 11-30-17, 10:27 AM

Originally posted by trytrytry

what does that mean?

Sammy just bought it at 1.00... so it is mushed

mrpapageorgio · 11-30-17, 11:12 AM

Originally posted by JAKEPEAVY21

Bitcoin down to ~9400 currently and EVERY single crypto in the top 100 at coinmarketcap is in the red..not sure I've ever seen that before.

I noticed a couple of exchanges last night saying they were halting trading while doing maintenance. I'm speculating if that had any contribution to the correction.

I also think my theory of people taking profit once it crossed $10k contributed.

trytrytry · 11-30-17, 12:23 PM

Originally posted by Sam Odom

Sammy just bought it at 1.00... so it is mushed

just want to understand you used say USD or a bank account to but into Tether?

or did you trade a cyrpto like BTC to tether or protect your price (based on the USD) ?

as I understand tether does not really move in price. its 1.0: 1.0 to the USD stays 1:1 or very close to that.

but it moves in ratio to the value of whatever Crypto your trading it for as they go up and down.

ace7550 · 11-30-17, 12:27 PM

Originally posted by trytrytry

just want to understand you used say USD or a bank account to but into Tether?

or did you trade a cyrpto like BTC to tether or protect your price (based on the USD) ?

as I understand tether does not really move in price. its 1.0: 1.0 to the USD stays 1:1 or very close to that.

but it moves in ratio to the value of whatever Crypto your trading it for as they go up and down.

Correct Trytry, Tether is basically crypto USD. It is always worth very close to the same as USD. Sam is speaking in some code language

ace7550 · 11-30-17, 12:28 PM

Originally posted by SamsNCharge99

i may get into litecoin. hope that's the next big thing to blow up.

Thoughts?

Love litecoin. Most undervalued crypto out there after IOTA.

trytrytry · 11-30-17, 12:30 PM

Originally posted by ace7550

Correct Trytry, Tether is basically crypto USD. It is always worth very close to the same as USD. Sam is speaking in some code language

tether has some web site, it sort of seems you can link accounts or something to put real USD and get tether crypto in a wallet. then I suppose you could move it to an exchange for trading? is that true?
does that web site allow you to send tether back to real USD if you set it up right (Im sure they want all your personal info etc)

Sam Odom · 11-30-17, 12:31 PM

Originally posted by ace7550

Sam is speaking in some code language

Sammy is old...

Sam Odom · 11-30-17, 12:33 PM

T3

was trying to make a joke

lead balloon

mrpapageorgio · 11-30-17, 12:45 PM

Originally posted by trytrytry

tether has some web site, it sort of seems you can link accounts or something to put real USD and get tether crypto in a wallet. then I suppose you could move it to an exchange for trading? is that true?
does that web site allow you to send tether back to real USD if you set it up right (Im sure they want all your personal info etc)

I looked into it and they weren't interested unless you were willing to do at least 5 figures worth.

shocka1212 · 11-30-17, 01:31 PM

picked up cardano yesterday when it dropped 24%, shits up 30% today... missed out on the original offering, theres money to be made fellas.

shocka1212 · 11-30-17, 01:33 PM

Originally posted by SamsNCharge99

i may get into litecoin. hope that's the next big thing to blow up.

Thoughts?

don't see it going up much past $150... nice way to double your money, but may want to pick up equal amounts of ltc and eth... both poised to make a run, worst case scenario you middle out your margin.

GunShard · 11-30-17, 01:38 PM

solring · 11-30-17, 04:21 PM

That chart is five months old...

shocka1212 · 11-30-17, 04:28 PM

Originally posted by solring

That chart is five months old...

ace7550 · 11-30-17, 06:25 PM

And five months in crypto time is like 5 years.
76.5 billion market cap 5 months ago. Today...

Market Cap: $307,218,342,673

ChuckyTheGoat · 11-30-17, 10:23 PM

BtC much more fun when it's blow-torching. Not so much fun when it's bleeding $$.

Plaza23 · 12-01-17, 05:40 AM

Is Bitstamp as slow at deposits as Coinbase? I tried to deposit onto Gdax (the Coinbase exchange), and they said a deposit would take 2-4 days to process. And it's been 4 full business days and still no money in my account. Still says pending. It's already been taking out of my bank account on my side. I hate this shit. I don't understand it.

I'm pretty Coinbase delays this because they want you to buy the Bitcoins directly from them, so if you wanted you could buy at the price they are offering, and even it would take a week to clear you'd still have the Bitcoins at the price you bought them at. But the exchange there's no fee, so I want to just deposit to Gdax directly and buy them off the exchange at the price I want to get with no mark up fee. But when it takes 2-4 days to get those funds in your account to trade, and the market is going crazy, you miss out on the price that you want to buy at.

It's ridiculous. I have a TD Ameritrade account. It doesn't take 2-4 days to process any deposit. I link my bank account, transfer immediately, and the funds are ready to trade immediately.

Optional · 12-01-17, 08:20 AM

Originally posted by Plaza23

Is Bitstamp as slow at deposits as Coinbase? I tried to deposit onto Gdax (the Coinbase exchange), and they said a deposit would take 2-4 days to process. And it's been 4 full business days and still no money in my account. Still says pending. It's already been taking out of my bank account on my side. I hate this shit. I don't understand it.

I'm pretty Coinbase delays this because they want you to buy the Bitcoins directly from them, so if you wanted you could buy at the price they are offering, and even it would take a week to clear you'd still have the Bitcoins at the price you bought them at. But the exchange there's no fee, so I want to just deposit to Gdax directly and buy them off the exchange at the price I want to get with no mark up fee. But when it takes 2-4 days to get those funds in your account to trade, and the market is going crazy, you miss out on the price that you want to buy at.

It's ridiculous. I have a TD Ameritrade account. It doesn't take 2-4 days to process any deposit. I link my bank account, transfer immediately, and the funds are ready to trade immediately.

If you choose to deposit with ACH it takes 5 business days for the Automated Clearance House to guarantee the payment. It tells you there somewhere if you look.

Same for Gemini.com as well as those two.

Coinbase have announced they plan to offer instant ACH deposits at some stage. I believe they are ramping up the level of ID needed to help them manage that.

If you want faster account funding you can usually choose a wire which goes in over night.

Or use Bitstamp card purchase if its for a larger amount.

JAKEPEAVY21 · 12-01-17, 08:30 AM

almost everything is inching back up this morning

trytrytry · 12-01-17, 09:09 AM

Originally posted by JAKEPEAVY21

almost everything is inching back up this morning

20% inch

TheMoneyShot · 12-01-17, 09:28 AM

Originally posted by JAKEPEAVY21

almost everything is inching back up this morning

Originally posted by trytrytry

20% inch

We're back in the daily game fellas.

GunShard · 12-01-17, 10:06 AM

Just sharing that chart for anyone new to Cryptocurrency.

Demonata · 12-01-17, 10:19 AM

What's the easiest way to buy bitcoin cash? It's annoying me trying to figure out how to buy it?

mrpapageorgio · 12-01-17, 11:28 AM

Originally posted by Demonata

What's the easiest way to buy bitcoin cash? It's annoying me trying to figure out how to buy it?

I don't know of any exchanges you can buy it directly using USD. Best bet is to have Bitcoin or ETH and exchange for it on an exchange like Bittrex.

Plaza23 · 12-01-17, 11:49 AM

Gdax is ridiculous. When I went to do a bank account transfer, it said bank account transfers would take 2-4 days. Now it says:

"Bank account transfers are typically credited to your GDAX account in 3-5 business days, but may take up to 7-10 calendar days. You may see the funds immediately debited from your bank account when you initiate the transfer, but they will not appear in your GDAX account until the transfer is complete."

Absolute horseshit. 7-10 days for a bank account transfer are you fckn kidding me?

I'm never buying on GDAX again. Bitstamp or Gemini for me.

PaperTrail07 · 12-01-17, 11:54 AM

10,600

ace7550 · 12-01-17, 12:02 PM

Originally posted by Plaza23

Is Bitstamp as slow at deposits as Coinbase? I tried to deposit onto Gdax (the Coinbase exchange), and they said a deposit would take 2-4 days to process. And it's been 4 full business days and still no money in my account. Still says pending. It's already been taking out of my bank account on my side. I hate this shit. I don't understand it.

I'm pretty Coinbase delays this because they want you to buy the Bitcoins directly from them, so if you wanted you could buy at the price they are offering, and even it would take a week to clear you'd still have the Bitcoins at the price you bought them at. But the exchange there's no fee, so I want to just deposit to Gdax directly and buy them off the exchange at the price I want to get with no mark up fee. But when it takes 2-4 days to get those funds in your account to trade, and the market is going crazy, you miss out on the price that you want to buy at.

It's ridiculous. I have a TD Ameritrade account. It doesn't take 2-4 days to process any deposit. I link my bank account, transfer immediately, and the funds are ready to trade immediately.

Coinbase/Gdax are great for some things but not depositing USD. Use Itbit. Itbit only deals with USD and BTC but they process bank wires very quickly. If I send a wire from my bank at 9am it'll be in my itbit account ready to use by 11am.
Not to mention Itbit actually has a customer service number you can call. Imagine that!

ace7550 · 12-01-17, 12:05 PM

Originally posted by Demonata

What's the easiest way to buy bitcoin cash? It's annoying me trying to figure out how to buy it?

Kraken allows you to trade USD and BCH directly but their user interface is god awful. Buy bitcoin and send it to Poloniex. They offer BCH as well as many other crypto pairs.

Plaza23 · 12-01-17, 12:12 PM

Originally posted by ace7550

Coinbase/Gdax are great for some things but not depositing USD. Use Itbit. Itbit only deals with USD and BTC but they process bank wires very quickly. If I send a wire from my bank at 9am it'll be in my itbit account ready to use by 11am.
Not to mention Itbit actually has a customer service number you can call. Imagine that!

Is Wire different than bank account transfer? I have to physically be at my bank to do a traditional wire transfer and they charge about $30 to do it.

Bank account transfer should be instant too I don't know why it wouldn't be. You aren't using an ACH debit card. It's bank account and router number to your account.

firekillex · 12-01-17, 01:13 PM

Originally posted by Plaza23

Is Wire different than bank account transfer? I have to physically be at my bank to do a traditional wire transfer and they charge about $30 to do it.

Bank account transfer should be instant too I don't know why it wouldn't be. You aren't using an ACH debit card. It's bank account and router number to your account.

do etransfer, i got my money in 2 days doing that
2% fee though

shocka1212 · 12-01-17, 01:34 PM

Originally posted by Plaza23

Gdax is ridiculous. When I went to do a bank account transfer, it said bank account transfers would take 2-4 days. Now it says:

"Bank account transfers are typically credited to your GDAX account in 3-5 business days, but may take up to 7-10 calendar days. You may see the funds immediately debited from your bank account when you initiate the transfer, but they will not appear in your GDAX account until the transfer is complete."

Absolute horseshit. 7-10 days for a bank account transfer are you fckn kidding me?

I'm never buying on GDAX again. Bitstamp or Gemini for me.

How are the fees on Gemini?

ace7550 · 12-01-17, 02:12 PM

Originally posted by Plaza23

Is Wire different than bank account transfer? I have to physically be at my bank to do a traditional wire transfer and they charge about $30 to do it.

Bank account transfer should be instant too I don't know why it wouldn't be. You aren't using an ACH debit card. It's bank account and router number to your account.

Yes, wire is different than bank account transfer. It's just worth it to me to spend the $30 and get my money in a couple hours instead of 3-4 days.
If you are depositing less than $1,000 the bank transfer makes more sense.

Optional · 12-01-17, 02:41 PM

Originally posted by Plaza23

Is Wire different than bank account transfer? I have to physically be at my bank to do a traditional wire transfer and they charge about $30 to do it.

Bank account transfer should be instant too I don't know why it wouldn't be. You aren't using an ACH debit card. It's bank account and router number to your account.

Yes its different. It's bank to bank rather than via the Automated Clearing Center.

I can order a wire via online banking and it costs $15.

bobbywaves · 12-01-17, 03:16 PM

What's the best place to buy bitcoin via plastic, any cheaper than Coinbase 4% fee?

Does anyone utilize their plastic available credit to invest, then withdraw monthly to pay your cc bill?

Despite the fees, it seems you would still profit most months.

ace7550 · 12-01-17, 03:27 PM

This is a beautiful thing:

MARKETS

show only

BTC
ETH
XMR
USDT

BTC	10597.05457155	80821032.287	+10.31	Bitcoin
BCH	1400.00000003	19409616.871	+11.29	Bitcoin Cash
ETH	464.72028125	17249842.962	+9.86	Ethereum
ETC	29.29000000	10041576.831	+14.68	Ethereum Classic
LTC	97.79000000	9340077.814	+21.45	Litecoin
STR	0.08390000	7853921.059	+19.86	Stellar
XRP	0.24751794	5055037.137	+6.69	Ripple
DASH	782.66000000	4341474.818	+6.48	Dash
ZEC	327.98378665	2869545.717	+11.94	Zcash
XMR	184.73219340	2670707.888	+11.34	Monero
NXT	0.20779191	2660691.508	+25.82	NXT
REP	26.77760000	328685.202	+7.88	Augur