crypto currency discussion

**ans61201** · 12-01-17, 03:28 PM

Originally posted by shocka1212

How are the fees on Gemini?

Pretty good. And all 3 of my wires to them have been available in an hour of the time I sent the wire. Also 500 per day with your debit card, which is available instantly.

**ans61201** · 12-01-17, 03:53 PM

Coinbase down again as the market goes crazy, these exchanges have some shady shit going on. I'm not concerned cause I don't day trade but still terrrrrrible business practice which threatens everyday joes confidence in btc

**shocka1212** · 12-01-17, 05:06 PM

Originally posted by bobbywaves

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.

You'd have to bank on some heavy volatility to make that work. Aren't credit card advance apr like 25%?

**paco** · 12-01-17, 05:15 PM

Litecoin just hit triple digits. #HODL

**mrpapageorgio** · 12-01-17, 05:15 PM

Originally posted by shocka1212

You'd have to bank on some heavy volatility to make that work. Aren't credit card advance apr like 25%?

Depends if the CC company considers it a cash advance.

**shocka1212** · 12-01-17, 05:18 PM

Originally posted by mrpapageorgio

Depends if the CC company considers it a cash advance.

id rather take out a line on my house... 4% interest. giving yourself a little more room to work with.

**shocka1212** · 12-01-17, 05:18 PM

Guys, stay the hell away from Bit Connect. Shits a scam.

**mrpapageorgio** · 12-01-17, 05:27 PM

Originally posted by shocka1212

id rather take out a line on my house... 4% interest. giving yourself a little more room to work with.

True, but if you only plan on holding for a month, you can buy and sell before the juice comes due assuming it's not a cash advance. Personally I would't put it on a credit card either way, but just saying it's not out of the realm of possibility of not breaking the bank.

**puckk** · 12-01-17, 07:38 PM

Originally posted by pattymayo

jesus.. $10.5K

the herd is coming

**ace7550** · 12-01-17, 07:56 PM

$185,180,670,583

9.58%

**puckk** · 12-01-17, 08:07 PM

James Altucher's 10 predictions about where bitcoin and cryptocurrencies are headed

https://www.cnbc.com/2017/12/01/james-altuchers-bitcoin-predictions.html

**JAKEPEAVY21** · 12-01-17, 08:24 PM

what a recovery across the board

**shocka1212** · 12-01-17, 08:30 PM

Originally posted by JAKEPEAVY21

what a recovery across the board

was hoping it would take a few more days ( closing I'm working on got pushed back a week) but the cme contracts lit a fire under everyones ass today so. I bought some iota and cardano but wanted to buy more.... FUK

**shocka1212** · 12-01-17, 08:31 PM

Originally posted by mrpapageorgio

True, but if you only plan on holding for a month, you can buy and sell before the juice comes due assuming it's not a cash advance. Personally I would't put it on a credit card either way, but just saying it's not out of the realm of possibility of not breaking the bank.

I pay for everything with my credit card but usually pay it off at the same time. only use it for the points and to increase my credit limits.. balances will get you real poor, real fast.

**ace7550** · 12-01-17, 08:45 PM

This prediction is the most interesting:

Despite the optimism, there will be a massive wipeout, and 95 percent of the alt-coins out there will go away — just like the dot-com bust. The surviving coins will go up a ton. This will happen within next four-six months.

**ace7550** · 12-01-17, 08:48 PM

Originally posted by shocka1212

I pay for everything with my credit card but usually pay it off at the same time. only use it for the points and to increase my credit limits.. balances will get you real poor, real fast.

It might make sense if you could find a way to charge your credit card and acquire crypto without fees. Even a small fee might be acceptable.

**shocka1212** · 12-02-17, 01:33 AM

Originally posted by ace7550

It might make sense if you could find a way to charge your credit card and acquire crypto without fees. Even a small fee might be acceptable.

should've been more clear.. I buy everyday things with credit card.. I do bank deposits to gdax to buy btc, eth, and ltc...

**floridagolfer** · 12-02-17, 09:03 AM

I'd give my money to Bernie Madoff before I got involved with bitcoin.

**Bsims** · 12-02-17, 09:07 AM

Originally posted by ace7550

This prediction is the most interesting:

Despite the optimism, there will be a massive wipeout, and 95 percent of the alt-coins out there will go away — just like the dot-com bust. The surviving coins will go up a ton. This will happen within next four-six months.

This makes a lot of sense to me. There won't be a big need for very many cryptocurrencies for payment transactions. Some of the alternatives might prove better then BTC in terms of speed or fees. They would have a chance of surviving, but the world won't be interested in a large number of currencies ala Europe before the Euro.

ICOs used for raising money works, but unlike stocks it's difficult to see an ongoing demand. With stocks, at least I understand the company behind them.

Finally, as far as investing in a particular coin because of belief that it has a better underlying technology, be careful . Remember my history lesson about Fortran, COBOL, and PL/1.

**JAKEPEAVY21** · 12-02-17, 09:08 AM

Originally posted by floridagolfer

I'd give my money to Bernie Madoff before I got involved with bitcoin.

scared money don't make money...

**shocka1212** · 12-02-17, 12:56 PM

Originally posted by floridagolfer

I'd give my money to Bernie Madoff before I got involved with bitcoin.

then get in on bit connect.. its a clear Ponzi scheme.

**shocka1212** · 12-02-17, 12:57 PM

woke up to a nice surprise. Had a limit order for ether at 455 that I thought was good for dead last night, woke up to a nice dip.. should be back to 500 soon.

**reigle9** · 12-02-17, 01:15 PM

Originally posted by shocka1212

woke up to a nice surprise. Had a limit order for ether at 455 that I thought was good for dead last night, woke up to a nice dip.. should be back to 500 soon.

think i should sell some btc and buy some btc like right this second? i can do it as soon as you answer

and don't worry about giving advice as it's very little money ($646 in my account between the two coins)

**shocka1212** · 12-02-17, 01:21 PM

Originally posted by reigle9

think i should sell some btc and buy some btc like right this second? i can do it as soon as you answer

and don't worry about giving advice as it's very little money ($646 in my account between the two coins)

sell some btc to eth? or ltc? I see btc round 12k at the end of this year, eth round 550 and ltc somewhere over 120 so whichever % entices you the most. more volatility in the others, but biggest market cap is in btc so its most likely the safest of the 3, just a matter of what you're looking to do.

**reigle9** · 12-02-17, 01:39 PM

shit, meant sell btc to buy eth

idc about volatility, i try not to even pay attn but find myself clicking this thread at every post

i'll take the eth

**shocka1212** · 12-02-17, 01:55 PM

Originally posted by reigle9

shit, meant sell btc to buy eth

idc about volatility, i try not to even pay attn but find myself clicking this thread at every post

i'll take the eth

Could see eth round 1200-1500 by the end of next year (realistic hypothesis)

**shocka1212** · 12-02-17, 01:58 PM

Ltc and btc run similarly, just a matter of whether or not they can market it correctly to get institutional money in it. I personally think eth has the most potential in the next year, but am certainly not saying that the others are not great options aiming for a portfolio of 50% btc, 30% eth, 10% ltc 10% alt coins by next year. Not that you asked, just lending my .02

**reigle9** · 12-02-17, 02:01 PM

cool, just getting my feet wet now before making any real moves

i don't want you to have to explain it to me, but is there a 1000 word or so link explaining exactly what this stuff is?

when i first got started for sportsbook purposes, i thought it was just something the internet made up and it was worth whatever people agreed to

but now i see it's something physical on a hard drive? i can't wrap my head around it

**ace7550** · 12-02-17, 02:08 PM

You were actually correct the first time. It's something someone on the internet made up and everyone agreed it had value. It does not exist on a hard drive anywhere.
Dollars are kind of similar. They are just pieces of paper someone printed up and everyone agreed they have value.
Money is weird like that

**reigle9** · 12-02-17, 02:12 PM

what was that about a guy throwing out a hd worth 40 mil now?

**shocka1212** · 12-02-17, 02:20 PM

Originally posted by reigle9

what was that about a guy throwing out a hd worth 40 mil now?

Novograts threw 500k into etherum a year ago, made 250million. People can say whatever they want, but a promissory note is a promissory note whether being paper or digital. I'll stand behind the Princeton grad who made billions at goldman and fortress.

**shocka1212** · 12-02-17, 02:25 PM

Also, if you're going to trade alt coins, buy it with ETH, not BTC. Fees will be lower when transferring from gdax to bittrex

**puckk** · 12-02-17, 04:45 PM

Interesting developments. https://www.facebook.com/cnbccrypto/...6467224436518/

**SamsNCharge99** · 12-02-17, 05:29 PM

Originally posted by shocka1212

Ltc and btc run similarly, just a matter of whether or not they can market it correctly to get institutional money in it. I personally think eth has the most potential in the next year, but am certainly not saying that the others are not great options aiming for a portfolio of 50% btc, 30% eth, 10% ltc 10% alt coins by next year. Not that you asked, just lending my .02

I got 2 shares of litecoin at 80.13 on Thursday. Trying to get 10-15 shares in next couple of months obviously at various prices. Paying for a wedding and trying to get involved in this at same time isn't fun haha

**reigle9** · 12-02-17, 05:34 PM

paying for a wedding makes you the most square fukk possible

whatever you do with this, i'll fade no questions ask