crypto currency discussion

**firekillex** · 12-07-17, 02:43 PM

when bitcoin rises so fast ALTS drop

this is when you want to invest in some ALTS to gain some ROI

**shocka1212** · 12-07-17, 02:44 PM

Originally posted by firekillex

when bitcoin rises so fast ALTS drop

you're telling me.. what a great day.

**ans61201** · 12-07-17, 03:01 PM

Originally posted by swordsandtequila

Fuk me, at work and missed out on easy cash. At one point there was about a 2K difference in price between Gemini and GDAX.

4K difference at one point, coinbase over 19k, Gemini was still trading 15k+

**ans61201** · 12-07-17, 03:02 PM

But unless you had a bunch of funds on each site there was literally no opportunity to trade them back n forth, the network was completely backed up.

**Demonata** · 12-07-17, 03:32 PM

Network so damn backed up. Doubt i even get a confirmation in time to bet nfl tonight

**shocka1212** · 12-07-17, 03:37 PM

Originally posted by ans61201

4K difference at one point, coinbase over 19k, Gemini was still trading 15k+

I traded on gdax.. got the money instantly.

**shocka1212** · 12-07-17, 03:38 PM

and here comes the purge back into iota.. just wait till it begins trading on bittrex...

**PaperTrail07** · 12-07-17, 03:49 PM

Which is when......? its every week....every week......

Originally posted by shocka1212

and here comes the purge back into iota.. just wait till it begins trading on bittrex...

**raiders72001** · 12-07-17, 04:04 PM

Originally posted by shocka1212

and here comes the purge back into iota.. just wait till it begins trading on bittrex...

Back on it. Let's hope for the best.

**Plaza23** · 12-07-17, 04:28 PM

Originally posted by ans61201

4K difference at one point, coinbase over 19k, Gemini was still trading 15k+

I've been following the prices closely for the last month and the price on GDAX is almost always higher than every other reputable exchange.

Once I get approved on BitStamp, I'll be buying there and transferring them immediately to GDAX for selling purposes.

**shocka1212** · 12-07-17, 04:31 PM

Originally posted by Plaza23

I've been following the prices closely for the last month and the price on GDAX is almost always higher than every other reputable exchange.

Once I get approved on BitStamp, I'll be buying there and transferring them immediately to GDAX for selling purposes.

theoretically It makes sense.. but during times of high volatility, its usually difficult to get the funds transferred quickly.

**shocka1212** · 12-07-17, 04:38 PM

8 hours to get some funds from gdax to binance a few days ago... an expensive 8 hours if you ask me.

**swordsandtequila** · 12-07-17, 04:38 PM

Originally Posted by swordsandtequila
Fuk me, at work and missed out on easy cash. At one point there was about a 2K difference in price between Gemini and GDAX.

Originally posted by ans61201

4K difference at one point, coinbase over 19k, Gemini was still trading 15k+

Originally posted by ans61201

But unless you had a bunch of funds on each site there was literally no opportunity to trade them back n forth, the network was completely backed up.

Originally posted by shocka1212

I traded on gdax.. got the money instantly.

Shocka, you transferred btc from Gemini to GDAX with no time issues? Had no funds/coin in Gemini, my thought was to send ether from GDAX to Gemini, trade for btc, send back to GDAX. Ether prices about the same and block time is supposed to be much quicker (from what I understand). Tell me if this is flawed thinking.

**shocka1212** · 12-07-17, 04:49 PM

Originally posted by swordsandtequila

Shocka, you transferred btc from Gemini to GDAX with no time issues? Had no funds/coin in Gemini, my thought was to send ether from GDAX to Gemini, trade for btc, send back to GDAX. Ether prices about the same and block time is supposed to be much quicker (from what I understand). Tell me if this is flawed thinking.

I don't really roll with gemini.. I buy on Gdax, then send to binance or bittrex for alt coins. Although thats a good idea, just not feasible given how long its been taking to send from one platform to another.

**Plaza23** · 12-07-17, 04:51 PM

Originally posted by shocka1212

theoretically It makes sense.. but during times of high volatility, its usually difficult to get the funds transferred quickly.

I agree. It'd be hard to arbitrage the spread among the exchanges because the transfers are not instant.

But even if you are a buy and hold investor, you should still transfer to Coinbase because going from Coinbase to GDAX is instant and you'll get a higher price for your bitcoins on GDAX than anywhere else.

The only thing that concerns me is I hear many people saying to not keep bitcoins in the Coinbase wallet. But my opinion is that Coinbase is highly regulated and they are FDIC backed up to $250,000.

Taking Bitcoin out of Coinbase is like taking USD out of a regular bank and hiding it in your house. Seems pointless to me.

**swordsandtequila** · 12-07-17, 05:05 PM

Originally posted by shocka1212

I don't really roll with gemini.. I buy on Gdax, then send to binance or bittrex for alt coins. Although thats a good idea, just not feasible given how long its been taking to send from one platform to another.

Thanks for the response. I'm verified at GDAX, Gemini, and Binance. Waiting on slow ass bittrex to fix a name snafu. Main reason for Gemini was because of the big gap in btc price from GDAX.

How are transfer times between exchanges with ether?

**I'm_Lucky** · 12-07-17, 05:15 PM

Any ideas on what will happen to the price when CME futures comes out? I get a feelings whales are preparing for a massive short...

**shocka1212** · 12-07-17, 05:27 PM

Originally posted by Plaza23

I agree. It'd be hard to arbitrage the spread among the exchanges because the transfers are not instant.

But even if you are a buy and hold investor, you should still transfer to Coinbase because going from Coinbase to GDAX is instant and you'll get a higher price for your bitcoins on GDAX than anywhere else.

The only thing that concerns me is I hear many people saying to not keep bitcoins in the Coinbase wallet. But my opinion is that Coinbase is highly regulated and they are FDIC backed up to $250,000.

Taking Bitcoin out of Coinbase is like taking USD out of a regular bank and hiding it in your house. Seems pointless to me.

I've been keeping some in my coinbase.. only reason I do that is because come tax time, I know what I made off trades, and what I held for over a year. 35% of the gdax roll will get taxed, 15% of the coinbase... or thats the assumption I'm operating under. Im not a CPA, but used to share a wall with one so thats what I'm doing.

**shocka1212** · 12-07-17, 05:28 PM

Originally posted by I'm_Lucky

Any ideas on what will happen to the price when CME futures comes out? I get a feelings whales are preparing for a massive short...

lets see if they put their money where their mouths are.. smallest cme contract is going to be 5btc so they'll have to have a strong angle.

**shocka1212** · 12-07-17, 05:29 PM

Originally posted by swordsandtequila

Thanks for the response. I'm verified at GDAX, Gemini, and Binance. Waiting on slow ass bittrex to fix a name snafu. Main reason for Gemini was because of the big gap in btc price from GDAX.

How are transfer times between exchanges with ether?

just as long this week.. those damn crypto kitties on the ether network made this week a nightmare.

**slo mo** · 12-07-17, 05:30 PM

Originally posted by I'm_Lucky

Any ideas on what will happen to the price when CME futures comes out? I get a feelings whales are preparing for a massive short...

I was pondering the same thing. That's when it'll be time to gobble up everything...

**slo mo** · 12-07-17, 05:32 PM

Hey Shocka, how are you feeling about VEN? Still on the up and up you think?

**ace7550** · 12-07-17, 05:32 PM

Originally posted by shocka1212

just as long this week.. those damn crypto kitties on the ether network made this week a nightmare.

**shocka1212** · 12-07-17, 05:34 PM

Originally posted by slo mo

Hey Shocka, how are you feeling about VEN? Still on the up and up you think?

I still like it. bettered my position today when it was in the low .4xx range.

**shocka1212** · 12-07-17, 05:35 PM

Originally posted by ace7550

the amount of times pu$$Y has screwed me for money in my short lived life.......

**slo mo** · 12-07-17, 05:47 PM

Originally posted by shocka1212

I still like it. bettered my position today when it was in the low .4xx range.

Dang, that one got by me.. I sold it to get more IOTA when it took the dive yesterday. Hopefully I could dump some IOTA if it gets on it's nightly tear here in a few.

**shocka1212** · 12-07-17, 05:51 PM

Originally posted by slo mo

Dang, that one got by me.. I sold it to get more IOTA when it took the dive yesterday. Hopefully I could dump some IOTA if it gets on it's nightly tear here in a few.

where are you trading iota? wouldn't sell it yet. if they announce it to trade on bittrex you'll hate yourself. IOTA and ADA are long term for me. Took a shot on VEN, trying to see if it reaches its high again. Waiting it out for a month. Mana was a one day trade and rightfully so. So volatile but 300% profit is better than 300% loss.

**puckk** · 12-07-17, 05:58 PM

Winklevoss twins become world's first bitcoin billionaires | New York Post

https://nypost.com/2017/12/.../winklevoss-twins-become-worlds-first-bitcoin-billionaires...

**shocka1212** · 12-07-17, 06:04 PM

Originally posted by puckk

Winklevoss twins become world's first bitcoin billionaires | New York Post

https://nypost.com/2017/12/.../winklevoss-twins-become-worlds-first-bitcoin-billionaires...

talk about good karma.......

**slo mo** · 12-07-17, 06:09 PM

I'm on Binance, I was just trying to day trade it and make a little scratch between the dips. I plan on keeping IOTA long term though no doubt about that.

**slo mo** · 12-07-17, 06:10 PM

They finally got what was coming to them huh... Good stuff

**shocka1212** · 12-07-17, 06:36 PM

Originally posted by slo mo

I'm on Binance, I was just trying to day trade it and make a little scratch between the dips. I plan on keeping IOTA long term though no doubt about that.

how are you trading iota on binance? its been suspended for days now.

**mngambler** · 12-07-17, 06:41 PM

Originally posted by shocka1212

and here comes the purge back into iota.. just wait till it begins trading on bittrex...

man this sh*t is addicting, of course my ACH hasn't went through yet but I was watching IOTA last night, could have pulled off a helluva scalp if I had funds available, it pulled back to $3.17-3.20 ish in the middle of the night, perfect buy opportunity and could have scalped today at like $4.30 ish...ugh

**slo mo** · 12-07-17, 06:47 PM

Originally posted by shocka1212

how are you trading iota on binance? its been suspended for days now.

Yeah I just saw it suspended today, I'm mad AF too. What's the deal with that? All of my money is in IOTA too

**puckk** · 12-07-17, 07:27 PM

bitcoin is over 22K on Korean exchanges

Bitcoin Is Such a Frenzy in South Korea That It Costs More There ...

fortune.com › Finance › cryptocurrency
1 day ago - The 35-year-old financial analyst got his first taste a year ago, before the cryptocurrency exploded into one of the wildest investment stories of our time, and by the end of last month his personal holdings had swelled to half his liquid assets. “I had this fear when I first bought,” Bae said. “But then I realized, oh ...