Official Bitcoin Thread

[Betonblck]

Not necessarily. Ideally yes but it takes far more capital to invest in either of the two you just mentioned. Capital that many will never have. If anything crypto can be an introductory to other investments.

Cryptocurrency is a speculative investment. This is like buying stock options before buying mutual funds.

Before buying speculative investments, people should have some solid income generating stock or real estate investments.

If you don't have enough capital to be in the stock market, you shouldn't be in cryptocurrencies. You can buy a mutual fund for 1000.

 

[kickn-since89]

Took me one hour to transfer BTC to XRP lol smh

oh damn!!

 

[hennessy beach]

I understand the excitement..but please everyone do their research on exchanges and fees associated with your transactions.

May be losing out on $ trying to do something the "easy" way

 

[af1 1982]

Coinbase for the big 3
Bittrex for the Alts

Transfer BTC from coinbase go bittrex using the address from each wallet

Is it trending upwards? Don't buy
Is it trending downwards? Buy

Use blockfolio (although some people don't like it) to keep track of your portfolio

If you have a large chunk of money in this ****, buy a wallet

If you are unsure on what to invest in, throw some each in the big 3

If you are in it for the long haul, anyone is the right time to buy

These last few months have been great for crypto but don't forget that the market was pretty much dead until November when these forks happened. Especially ethereum. Yes crypto is volatile in nature but I wouldn't expect these 50%+ daily gains long term. Like any market, it goes up and down

Like fap said, 2018 is mass adoption phase. Especially for the altcoins. Load up and you should head into 2019 very happy

That should take care of a lot of questions that newer guys have

 

[sohi 23]

My ledger nano is coming in next week and I wanna move my ltc into the ledger but I heard the fees to do that on Coinbase are high.

My question is should I transfer my ltc to gdax and then add the ltc to my ledger from there? Or does it not matter if I do it from Coinbase?

 

[cels the younggod]

af1 1982 Good Post. Maybe the OP can edit title to “new to thread check of 383” or something so the regulars aren’t annoyed with the same questions

 

[Rj4147]

af1 1982 thanks bro! Any mastermind groups you guys are apart of? Im just messing around with xrp right now cause I can do low investment on bitstamp until I do enough research on crypto.

 

[EddieDoyers]

My ledger nano is coming in next week and I wanna move my ltc into the ledger but I heard the fees to do that on Coinbase are high.

My question is should I transfer my ltc to gdax and then add the ltc to my ledger from there? Or does it not matter if I do it from Coinbase?

How much is the fee?
It cost me like around 13 cents to transfer 2 Litecoins to LoafWallet

 

[af1 1982]

af1 1982 Good Post. Maybe the OP can edit title to “new to thread check of 383” or something so the regulars aren’t annoyed with the same questions

Yeah man I wasn't trying to come at @ksteezy that much earlier. It's one thing to ask questions where the answer is buried hundreds of pages back. But a lot of questions have been answered in the last week

I'm not trying to be a **** but it really isn't wise to invest in something you don't fully understand. I read this entire thread front to back as a starting point before I even did more research before throwing down any cent.

You have to understand how this whole **** works before you go throwing a few thousand on this **** when the market is at an all-time high.

Don't make the same mistake I made fellas. I bought ETH at $320 earlier this year. Then it crashed pretty hard for months and wasn't until recently that it was up.

Study simple graphs and trends of the coins you're looking at as a starting point

 

[PRIME]

af1 1982 Good Post. Maybe the OP can edit title to “new to thread check of 383” or something so the regulars aren’t annoyed with the same questions

OP is gone rich b. Dude been tried to put cats on in 2011 and nobody was hearing him.

Dude prolly got an island with some *****es now

 

[af1 1982]

af1 1982 thanks bro! Any mastermind groups you guys are apart of? Im just messing around with xrp right now cause I can do low investment on bitstamp until I do enough research on crypto.

No Mastermind groups here. I was on ethtrader Reddit almost daily earlier this year. There's good gems of info on Reddit but I wouldn't use it as your main source of info. Too much trolling. More entertain than anything

 

[PRIME]

Cryptocurrency is a speculative investment. This is like buying stock options before buying mutual funds.

Before buying speculative investments, people should have some solid income generating stock or real estate investments.

If you don't have enough capital to be in the stock market, you shouldn't be in cryptocurrencies. You can buy a mutual fund for 1000.

You know how much bitcoin you coulda gotten in 2012 for $1000 b?

 

[keko jones]

Af1 ...

Since you are dropping knowledge, at what type of lost should anyone decide to sell and buy on the rebound?

 

[jaycruz.]

delete, prob my cell phone

 

[keko jones]

You know how much bitcoin you coulda gotten in 2012 for $1000 b?

Comparing this to the stock market is pretty crazy to me.

I mean you can apply basic fundamentals like selling/buying/trading/maturing/etc ...

But these crypto is not like the stock market.

The share amount of people purchasing on emotion is crazy.

That's where people are cashing in, ridding others emotion. I can't say this won't last since is still in the infancy but if it doesn't only those cashing in on the wave are benefiting. Knowing when to pull out is going to be the hardest thing.

At least the way I'm going about this.

 

[af1 1982]

Af1 ...

Since you are dropping knowledge, at what type of lost should anyone decide to sell and buy on the rebound?

Sell at a loss? People will have their preferences but I'd rather wait and ride things out then take a loss. Only invest what you're willing and able to lose. This is gambling at the end of the day and you must mitigate risk. And the best way to mitigate risk is to set automatic sell orders on trading platforms. So "if" the market were to crash, you'd theoretically be able to cash out

 

[af1 1982]

Comparing this to the stock market is pretty crazy to me.

I mean you can apply basic fundamentals like selling/buying/trading/maturing/etc ...

But these crypto is not like the stock market.

The share amount of people purchasing on emotion is crazy.

That's where people are cashing in, ridding others emotion. I can't say this won't last since is still in the infancy but if it doesn't only those cashing in on the wave are benefiting. Knowing when to pull out is going to be the hardest thing.

At least the way I'm going about this.

I agree, weak hands are great. They panic buy and sell which is great for all of us. Sell at us for cheap. Buy our **** when it's expensive.

In terms of knowing when to pull out, I personally subscribe to the idea of selling once you have met a goal. If your goal is 30-40% ROI and you hit that, sell. Don't get greedy, even if it's worth double in a week.

I also like the idea of once you get a substantial return, sell to recoup your initial investment and okay with profits.

 

[EddieDoyers]

Comparing this to the stock market is pretty crazy to me.

I mean you can apply basic fundamentals like selling/buying/trading/maturing/etc ...

But these crypto is not like the stock market.

The share amount of people purchasing on emotion is crazy.

That's where people are cashing in, ridding others emotion. I can't say this won't last since is still in the infancy but if it doesn't only those cashing in on the wave are benefiting. Knowing when to pull out is going to be the hardest thing.

At least the way I'm going about this.

This happens a lot in the stock market too silly

 

[af1 1982]

Also don't take crypto advice from people who are heavy in the stock market, generally speaking.

How crypto performs goes against a lot of the fundamentals they live by. They want to see crypto fail because it legitimizes their on investments

I have a co worker who was anticryoto for the last year. He's at the point where he said "I want to buy in but I've talked so much **** that I can't"

 

[Chopper]

^that would also entail keeping bags on exchanges which is totally frowned upon.

You have to be willing to lose everything in this game as far as I'm concerned.

The next panic correction and bear market will be telling.

 

[af1 1982]

You have to be willing to lose everything in this game as far as I'm concerned.

100% agree. Cannot stress enough how important it is to only invest as much as you're willing to lose.

 

[PRIME]

I think there’s a lot to learn from the traditional stock market, but I also believe we shouldn’t embrace every aspect.

The volatility of the crypto platform is what makes it so amazing. It’s honestly a rush. Obviously it won’t be this way forever, but gotdamn. WATTBA

 

[af1 1982]

Wild wild west out here fellas. This **** is honestly fun and entertaining. Enjoy the ride

 

[EddieDoyers]

^that would also entail keeping bags on exchanges which is totally frowned upon.

You have to be willing to lose everything in this game as far as I'm concerned.

The next panic correction and bear market will be telling.

I feel like what you’re saying is all common sense but not a whole lot of people know how to wisely invest.

Initially I didn’t believe in cryptocurrency because it was mostly a black market type of currency years ago, but now when you see institutions and countries backing the industry....there must be something good going on

 

[PRIME]

I feel like what you’re saying is all common sense but not a whole lot of people know how to wisely invest.

Initially I didn’t believe in cryptocurrency because it was mostly a black market type of currency years ago, but now when you see institutions and countries backing the industry....there must be something good going on

There was also a lot of porn and illegal **** going on the internet before it became mainstream and acceptable.

Then the dot com boom happened.

People don’t trust stuff until they’re told to trust it.

Get in and make your profit before it’s too late