crypto currency discussion

[Mac4Lyfe]

I would never buy an account for someone selling it. They could easily find out that you werent the person who initially created the account and shut the account down.

They can't even keep up with the people applying. LOL. Binance don't give a shit. They are in the business of getting new accounts. There's nothing that says that I can't transfer my account to you. There's a reason they have a process to transfer email addresses. I see no problem at all. There's no fraud or deceit here. You are simply taking over an account. It's like me selling my email address to someone.

Why wouldn't you buy an account for $40? That's peanuts. It may be a few weeks/months before they start taking new accounts???

[Money23]

where can I start buying some of these coins? I’ve looked into a few sites and it seems they are backlogged with registrations. Any help or guidance would be helpful.

[biggie12]

got coins to my offline wallet from cyrptopia incase anyone else was freaking out

[ans61201]

I wouldn't have ever thought to do it. Kinda brilliant.

So many simalrities to the Internet boom. When people were just buying domain names in advance. I think one of the larger ones was someone buying mlb.com
And selling it to them.

[ans61201]

To piggy back onto earlier question, say you’re not worried about paying taxes-what is the best route to get a large sum of money to yourself from Coin (when that time comes)

Coinbase has like a 15-20k a limit per week, with a backlog of people on reddit getting slow paid for larger amounts. (My gut tells me they have liquidity issues-so poorly run)

What would be the best way to covert to a larger amount say 400k+ in cash? That is where I think people are going to run into trouble unless there is some super easy way that I’m clearly missing.

[TPowell]

Anybody in on RDD? At 162 satoshis now

[biggie12]

To piggy back onto earlier question, say you’re not worried about paying taxes-what is the best route to get a large sum of money to yourself from Coin (when that time comes)

Coinbase has like a 15-20k a limit per week, with a backlog of people on reddit getting slow paid for larger amounts. (My gut tells me they have liquidity issues-so poorly run)

What would be the best way to covert to a larger amount say 400k+ in cash? That is where I think people are going to run into trouble unless there is some super easy way that I’m clearly missing.

buy 100 kilos of blow and sell it off. your 400k will turn into 4.4million and u can pay via btc or zcash or monero.

realistictly though getting the money out is probably the biggest problem right now.

[Mac4Lyfe]

To piggy back onto earlier question, say you’re not worried about paying taxes-what is the best route to get a large sum of money to yourself from Coin (when that time comes)
Coinbase has like a 15-20k a limit per week, with a backlog of people on reddit getting slow paid for larger amounts. (My gut tells me they have liquidity issues-so poorly run)
What would be the best way to covert to a larger amount say 400k+ in cash? That is where I think people are going to run into trouble unless there is some super easy way that I’m clearly missing.

Your limit is based on your trading history. $20k is not the limit... You can deposit and withdraw SIGNIFICANTLY more.

[ans61201]

Anybody in on RDD? At 162 satoshis now

Yes. Have more coins of this than anything else. Fingers crossed.

[ans61201]

Your limit is based on your trading history. $20k is not the limit... You can deposit and withdraw SIGNIFICANTLY more.

I don't ever use coinbase anymore besides a couple of intial deposits, switched to doing same day wired with Gemini after coinbase screwed me on a couple things. Maybe I'm reading about the few instead of the many but tons of people saying they're waiting a while for 10-15k so not sure how confident I'd be to try and withdraw 6 figures. Still a year + before even getting to that point just hoping when the time comes there's no funny business.

[ans61201]

Coinbase is not the place I'd want 6 figures in limbo with. Their "support" is months behind on a ton of issues. So that may be one of the only current options but I don't know that it's going to be the most reliable when that time comes.

If anyone else has had successful high limit exchanges to fiat would love to hear

[TPowell]

Yes. Have more coins of this than anything else. Fingers crossed.

I need bitcoin but I have it all invested now and I'm waiting until next Saturday for my big bank deposit to come through according to CoinBase. I really need to find a better solution than them but I don't trust that one site where you deal with individual users. Their prices also seemed way too high.

[TPowell]

buy 100 kilos of blow and sell it off. your 400k will turn into 4.4million and u can pay via btc or zcash or monero.

realistictly though getting the money out is probably the biggest problem right now.

If I start raking, a kilo will probably be personal use

[ans61201]

I need bitcoin but I have it all invested now and I'm waiting until next Saturday for my big bank deposit to come through according to CoinBase. I really need to find a better solution than them but I don't trust that one site where you deal with individual users. Their prices also seemed way too high.

Gemini will instant credit up to 500 (can't transfer it right away) they also credit all wires same day with full use to buy/transfer

[Arky]

This business is a little like the casino table, no? You buy your chips (crypto) and play to your hearts content. Uncle Sam doesn't come sweeping in every time you win a hand. No, he waits till you cash in your chips - if you made a profit, he wants his cut. Finding businesses that accept poker chips is one alternative. Evasive? Sure, but not illegal..... that's all I want to say on the subject because it is a big old can o' worms...

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I'm thinking Ether is going to hit 10k this year.... might just be better off sinking everything into Ether (but what's the fun in that?). BTC made the crazy jump last year, why can't Ether do it this year?

I bought 4.4k of Ether @ $985 from CB on Thursday from my bank account. I worried that Ether would devalue while I'm waiting the 7 days for the transaction to complete. Eheh, Ether is going for $1164 as of this writing. So, chances are my 4.4k Ether will turn into at least $5.2k value by the time it clears payment..... Unreal.

If I said to you, "give me $1000 and come back in a year and I'll give you $10,000" a lot of people would do it, dontcha think?

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One has to be careful what they say in this thread because some comments can look ridiculous a month from now..... ;-)

[TPowell]

Gemini will instant credit up to 500 (can't transfer it right away) they also credit all wires same day with full use to buy/transfer

I do have an account there already. I'll check into it. Thanks man. You on Twitter?

[TPowell]

This business is a little like the casino table, no? You buy your chips (crypto) and play to your hearts content. Uncle Sam doesn't come sweeping in every time you win a hand. No, he waits till you cash in your chips - if you made a profit, he wants his cut. Finding businesses that accept poker chips is one alternative. Evasive? Sure, but not illegal..... that's all I want to say on the subject because it is a big old can o' worms...

------------------------------------------------------------

I'm thinking Ether is going to hit 10k this year.... might just be better off sinking everything into Ether (but what's the fun in that?). BTC made the crazy jump last year, why can't Ether do it this year?

I bought 4.4k of Ether @ $985 from CB on Thursday from my bank account. I worried that Ether would devalue while I'm waiting the 7 days for the transaction to complete. Eheh, Ether is going for $1164 as of this writing. So, chances are my 4.4k Ether will turn into at least $5.2k value by the time it clears payment..... Unreal.

If I said to you, "give me $1000 and come back in a year and I'll give you $10,000" a lot of people would do it, dontcha think?

---------------------------------------------------------------

One has to be careful what they say in this thread because some comments can look ridiculous a month from now..... ;-)

Anytime you are dealing with something as unique as this, many people are going to be left looking stupid IMO

[TPowell]

I'm not seeing the instant 500 credit. I'm waiting on ID verification now. Can't believe I forgot to do that last week

[baseballstud]

You guys want a penetrating sign that crypto is blowing up:

With binance frozen up to new users people are selling their binance accounts on twitter 😂😂😂

How much? I’ll sell mine for the right price!


Disregard saw this was asked and answered multiple times.

Side note I tried closing my coinbase account and wouldn’t let me. Couldn’t figure out cause balance $0. Turns out a missing litecoin complaint in November still outstanding I forgot about. Terrible customer service

[TPowell]

These places freezing new user regs should mean get your money down ASAP and it should rise when these new users start coming in yes?

[bonzaii]

They can't even keep up with the people applying. LOL. Binance don't give a shit. They are in the business of getting new accounts. There's nothing that says that I can't transfer my account to you. There's a reason they have a process to transfer email addresses. I see no problem at all. There's no fraud or deceit here. You are simply taking over an account. It's like me selling my email address to someone.

Why wouldn't you buy an account for $40? That's peanuts. It may be a few weeks/months before they start taking new accounts???

I already have an account on Binance and Binance in its self is risky. Who knows if they will ever get "hacked" or disappear with everyone's money. I personally wouldn't buy or sell an account to someone but that's just me.

[TPowell]

I already have an account on Binance and Binance in its self is risky. Who knows if they will ever get "hacked" or disappear with everyone's money. I personally wouldn't buy or sell an account to someone but that's just me.

I have some ICX on there now but not a whole lot. I'll put that in a wallet soon. Everything else of mine is off exchanges.

[TPowell]

Long shot here but what exchange is next to go for new users? Thinking about getting down on some new accounts (100+) in preparation.

[Mac4Lyfe]

I already have an account on Binance and Binance in its self is risky. Who knows if they will ever get "hacked" or disappear with everyone's money. I personally wouldn't buy or sell an account to someone but that's just me.

Everything is a risk. It's a risk walking across the street, getting in your car, flying in a plane. Why would Binance disappear? They are already making a killing? If they have small vision then yes, they could cut and run but why? They are strategically positioned to make a fukking killing in the next decade. The owner of CB is worth more than Zuckerberg at FB. He's done it in the last 3 years. Binance is right behind CB and will probably kick CB's ass in the next 3 years. I keep hearing about this "pump and dump" or people disappearing with everyone's money??? Why? There is no logical reason for any of these exchanges to do that when they have more money coming in than they can handle. Think about that??? They are turning away money because it's more than they can count.

Now, can these exchanges get hacked? Absolutely. That's a risk. That's why I use CB for all my large purchases because they're FDIC insured (although there's questions around what that insurance covers. it might just be your cash and not your coins???). I then moved the cash into coins at other exchanges but I pay low fees and can then use the coins wherever. If you think an exchange can be hacked then move your big coins to offline. I've done it with my BTCs and will soon do it with my ETH, ADA, XVG and TRX. I'm just trying to build up a large amount. I don't touch my BTCs and I hope not to touch the others in a few months. Then just play around with other altcoins.

[paco]

Time to dump Ada and trx

[Crusherrr]

Long shot here but what exchange is next to go for new users? Thinking about getting down on some new accounts (100+) in preparation.

Kucoin is one that I have recently signed up for to buy DeepBrainChain.

[Mac4Lyfe]

I have some ICX on there now but not a whole lot. I'll put that in a wallet soon. Everything else of mine is off exchanges.

This is a very smart move... It's quick, easy and safest. I'm using the exchanges just because I can move in and out of coins quickly.

But, I'll have a Nano S and a Trezor this week. I'll have to figure out how to use them.

[Arky]

Time to dump Ada and trx

Man, I got both and am thinking the same thing. I've only been doing this a few weeks - found a few winners that are carrying the day but there's a growing group of stagnant ones.....

[Mac4Lyfe]

Time to dump Ada and trx

I am deep into ADA, TRX and XVG. I'm talking DEEP. Deep enough that after the Tron CEO did his conference call... I lost ~$20k in those few minutes. Fukker needs to hire a PR guy and stay off of twitter.

TRX has some huge people backing it. It ain't going anywhere. It has to be a long term hold.

ADA and XVG technology is great. XVG is a diamond in the rough once they get it going. It and Spectrecoin may end up the best privacy coins in the business.

https://medium.com/@ekryski/verge-xvg-isnt-a-scam-it-s-misunderstood-ab46fb88e55

You have to control emotions, stay calm and be disciplined. I've been adding to all 3 positions the last few days, while people are selling. The charts are showing that TRX and XVG are going to take off shortly. Now is that days or weeks? Anybody's guess but they are going to go up. Dollar cost average along the way. Now can you move your TRX to some other coin that is going up faster? Certainly, but now you're playing the guessing game. Playing the waiting game is more profitable in the long run, unless you have a crystal ball.

I was sitting on Ripple for 2 years. It didn't do shit. Up, then down, down, down. Up a little, then down, down, down. It sat at $0.20 forever, sat at $0.25 forever, sat at $0.28 forever, sat at $0.22 forever. Folks kept selling, I kept buying. Boom $4. Now down to $3 and people are calling it a shit coin because it went from $4 to $3. LOL.

[Arky]

This is a very smart move... It's quick, easy and safest. I'm using the exchanges just because I can move in and out of coins quickly.

But, I'll have a Nano S and a Trezor this week. I'll have to figure out how to use them.

A couple of weeks ago, I quit 13 years of flip phone use so I could get a smart phone for the Google Authenticator, eheh... true story!

[TPowell]

This is a very smart move... It's quick, easy and safest. I'm using the exchanges just because I can move in and out of coins quickly.

But, I'll have a Nano S and a Trezor this week. I'll have to figure out how to use them.

Some fees associated but I don't plan on being a trader really so I'm okay with the fee for safe storage. Let me know how it is Mac. I was close to buying one a while back but didn't pull the trigger. Trezor has all the EC tokens right?

[TPowell]

Up nearly 40% from OST since I bought on Wednesday or so. Now I just need Ripple and Stellar to rally a little bit. I still like Ripple in general because it could legitimately be used for a ton more things than any other coin but I bought at a stupid high price

[goofyre]

Everything is a risk. It's a risk walking across the street, getting in your car, flying in a plane. Why would Binance disappear? They are already making a killing? If they have small vision then yes, they could cut and run but why? They are strategically positioned to make a fukking killing in the next decade. The owner of CB is worth more than Zuckerberg at FB. He's done it in the last 3 years. Binance is right behind CB and will probably kick CB's ass in the next 3 years. I keep hearing about this "pump and dump" or people disappearing with everyone's money??? Why? There is no logical reason for any of these exchanges to do that when they have more money coming in than they can handle. Think about that??? They are turning away money because it's more than they can count.

Now, can these exchanges get hacked? Absolutely. That's a risk. That's why I use CB for all my large purchases because they're FDIC insured (although there's questions around what that insurance covers. it might just be your cash and not your coins???). I then moved the cash into coins at other exchanges but I pay low fees and can then use the coins wherever. If you think an exchange can be hacked then move your big coins to offline. I've done it with my BTCs and will soon do it with my ETH, ADA, XVG and TRX. I'm just trying to build up a large amount. I don't touch my BTCs and I hope not to touch the others in a few months. Then just play around with other altcoins.

I tried getting a friend into ETH 6 months ago, and used your very same logic of risk is everything. Tried explaining that his 401k is no guarantee, and could crash like 06. Never ended up buying any even with all my suggestions and talking about it.

[Mac4Lyfe]

Some fees associated but I don't plan on being a trader really so I'm okay with the fee for safe storage. Let me know how it is Mac. I was close to buying one a while back but didn't pull the trigger. Trezor has all the EC tokens right?

Yep... The prices keep going up on Amazon. A friend of mine uses both. He moves his alt coins to BTC or ETH in the Trezor or the Nano S, where he stores it offline. When he wants to buy alt coins, he sends the BTC/ETH to whatever exchange than buys the alt coin with it. He really doesn't keep altcoins on them, he mainly keeps BTC and ETH on them.

Trezor - Bitcoin, Ethereum (+ all ERC-20 tokens), Ethereum Classic, ZCash, Litecoin, Namecoin, Dogecoin, Dash and Bitcoin Testnet.


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List of cryptocurrencies supported by Ledger devices

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Bitcoin (BTC)			Ledger Wallet	Documentation
Bitcoin Cash (BCH)			Ledger Wallet	Documentation
Bitcoin Gold (BTG)			Ledger Wallet	Documentation
Ethereum (ETH)			Ledger Wallet Ethereum MyEtherWallet	Documentation
Ethereum Classic (ETC)			Ledger Wallet Ethereum MyEtherWallet	Documentation
Litecoin (LTC)			Ledger Wallet	Documentation
Dogecoin (DOGE)			Ledger Wallet	Documentation
Zcash (ZEC)			Ledger Wallet	Documentation
XRP a.k.a. Ripple			Ledger Wallet Ripple	Documentation
Dash (DASH)			Ledger Wallet	Documentation
Stratis (STRAT)			Ledger Wallet	Documentation
Komodo (KMD)			Ledger Wallet	Documentation
Ark (ARK)			Ark Desktop Wallet	Documentation
Expanse (EXP)			MyEtherWallet	Documentation
Ubiq (UBQ)			Ubiq Wallet	Documentation
Vertcoin (VTC)			Ledger Wallet	Documentation
Viacoin (VIA)			Ledger Wallet	Documentation
Neo (NEO)			Neo Wallet	Documentation
Stealthcoin (XST)			Ledger Wallet	Documentation
Stellar (XLM)			Stellar Account Viewer	Documentation
Hcash (HSR)			Ledger Wallet	Documentation
Digibyte (DGB)			Ledger Wallet	Documentation
Qtum (QTUM)			Ledger Wallet	Documentation
PivX (PIVX)

[Mac4Lyfe]

I tried getting a friend into ETH 6 months ago, and used your very same logic of risk is everything. Tried explaining that his 401k is no guarantee, and could crash like 06. Never ended up buying any even with all my suggestions and talking about it.

There's going to be a lot of "wish I coulda, woulda, shoulda". I have a friend who is one of the biggest crypto skeptics. Every time I see him, he tells me I better sell that BTC shit. He tries to send me emails of all these skeptical "experts" that have been saying it's a bubble for 2 years now. Last year, we went to lunch and I got him so fired up that he said he was going to buy some coins. I told him that he spends $60 on Starbucks each month. Cut back this month and buy $20 of crypto. He tells me, "yes, I'm going to buy some today". I told him to buy Ripple (it was $0.007). He's like "yeah, I like Ripple from Sanford and Son". I show him coinmarketcap and he starts spewing off all these other coins at the time. I'm like dude, you haven't been following this shit. I have, stop trying to out think this shit and go buy $20 ripple. He goes to his Scottrade and Fidelity accounts and tell me that he couldn't buy ripple on either of his accounts. I tell, him "exactly you dumb ass, I'm trying to show you how to buy it". He then tells me that it was too complicated and passed.
I can't wait to talk to him this week and show him where $20 a year ago is now $7,000+. This guy spends hundreds each month on baseball cards and is skeptical about crypto. Dumb ass.