Yeh I still think it will crash at some point but that doesn't mean you can't triple your money before it happens.
If I could turn 2k into 10k I happily cash out 9k and let 1k ride.
Losing 2k isn't going to really hurt me but it would really piss me off that not only did I miss buying early but I bought in last like a chooch.
Do you guys on Coinbase trust the website? They want Last 4 digits of social, birthday, etc...info that would be handy in stealing your identity
Coinbase is based in the US and backed by major investors and is complying with US regulators. Theyre as legit as it gets.
Any idea on how much I can buy at once with debit card?
I'm thinking the same thing. Public opinion is probably thinking "shit, I missed the bitcoin train, I'll hop on litecoin". And the fact that bitcoin has already soared that high it kinda paved the way for litecoin.
There's really no reason why bitcoin should be worth 80 times litecoin when they are essentially the same thing right? I mean they are both worth the same nothing in reality right?
You can buy 750$/day initially but your limit increases as you spend.
It's low... something like $250 to $500 per day.
And yea, as absurd as that sounds... yes, there really isn't any intrinsic value to Bitcoin that can't be attributed to Litecoin... and if you listen to the crypto nerds, Litecoin is like Bitcoin, just with better tech.
Which should terrify you and humor you all at once.
It starts at 750 and increases immediately once you spend like 400$.... please stop spreading misinformation
So I entered my personal information and then hit next and it asks for my shit again.
I guess it's in crash mode. LiteCoin has gone up like 15 bucks in the same time period.
The volume on the exchanges has been insane today. Especially the litecoin markets. Give it some time, be patient. Get signed up, register for gdax which is owned by coinbase, its a professional trading platform and you can instantly move your coinbase USD and cryptos over to Gdax from coinbase with 0 fees.
Would you mind playing devil's advocate please?
- Argue that bitcoin is a scam and/or will eventually crash. What would need to happen for it to crash and values to plummet?
- Argue that Ethereum and Litecoin will crash. How?
Thanks.
The scams are the 1300+ cryptos that now exist. Most of them will go away once people realize they have no value that pre-established coins dont have.
If I want to argue that bitcoin will crash, its not from a legitimacy perspective.
There's two main ways I could see bitcoin collapsing, one more likely than the other.
Scenario 1)
Bitcoin can't fix its scaling issues. The proposed fixes that are supposedly on the way, never happen, and the transaction times and fees get out of control. Part of the scaling problem, is also the power consumption. As the fees get out of control and transaction times become longer and longer, the power consumption from mining becomes a massive drain on the global power supply and it's an environmental disaster. Word of these issues reaches the public, investors lose confidence and bitcoin collapses.
In this scenario, another crypto or a basket of them takes its place. Here's the thing. Decentralized block chain technologies ARE the future. Does bitcoin stay for good? Thats the big question, not whether decentralized block chain currencies go away.
Scenario 2)
Governments make a big power play and outlaw the buying, selling, and exchanging of the coins with severe penalties. In this scenario investor confidence obviously collapses and the world becomes a much darker place to live in.
Ethereum and litecoin collapsing would happen in the same scenarios. A 3rd scenario for ethereum is that they also never figure out their scaling issues, and the whole thing turns out to not be a viable platform for building decentralized applications.
