Bitcoin currency of the future?

[Deleted member 185048]

first find which exchanges have the coins you want, then from that list read all of the withdrawal restrictions and research online, it can even vary from state to state in the US or country to country. the best exchange for you will depend on where you live. check other specific alt coin forums and sub reddits for better advice on which ones are good.

also never keep it in an exchange too long, as soon as it goes through be ready to withdraw the funds. they can change their withdrawal policies from time to time. also there is always the chance an exchange gets hacked or even exit scams. no one i know has ever had a problem but they've all used exchanges only when needed and withdrawn right away as a precaution.

I use bittrex and have never had a problem. Neo is a good buy right now, significantly undervalued compared to Bitcoin right now. Neo is generally regarded by crypto experts as the "Chinese Ethereum". I expect it to increase towards 80 in the next few days.

Xrp might look tempting but it just gained over 300% in 2 days. Smarter thing to do would be to wait for xrp to dip and then buy.

Also I should add that NO banks have used the xrp token itself for testing. Banks are only using technology provided by the company that owns( and pre-mined a vast majority of xrp tokens) the xrp tokens (the company is called ,"Ripple') , but not the xrp token itself.

What I'm trying to say is everybody buying in to xrp right now has no clue what is really goingon with Ripple, xrp, and banks and is only buying on fomo and fake news

 

[Tamriel Terror]

Binance looks complicated af. I want to buy multiple altcoins before they explode onto things like Coinbase, but damn, I just want a simple and reliable exchange. Binance is complicated, and Kraken is trash and just crashes.

 

[Grassshoppa]

Net neutrality. You didn't think the government could control the internet? Well, now they do. You don't think the government will control bitcoin?

 

[Der Eisbär]

Net neutrality. You didn't think the government could control the internet? Well, now they do. You don't think the government will control bitcoin?

The internet is built on infrastructure that can be controlled. The government could shut down an exchange, they can't control a bitcoin. It doesn't work like that.

 

[Tyrannosaurus rex]

Kraken and Gemini are other exchanges I would trust and they have more. Keep your eye on the news for when coinbase adds a new coin to their exchange because you can expend a surge it's price based on that.

Thanks, I'll keep that in mind!

I'm going to do a bit more reading, but I think I'll open a Kraken account soon and go from there. I probably won't start out with a huge amount of money in it. Maybe 1k or 1.5 k max. Just to try it out.

One thing that irks me about Kraken is that they need a lot of information from you, including social security number etc. Not sure if that's the same in Gemini and Binance though, but that's something I need to read up on as well.

 

[Der Eisbär]

Binance looks complicated af. I want to buy multiple altcoins before they explode onto things like Coinbase, but damn, I just want a simple and reliable exchange. Binance is complicated, and Kraken is trash and just crashes.

What are you finding so complicated about binance? I've sent bitcoin to it before and bought IOTA with ease. I found BTC/IOTA through the search function, and put in the amount I wanted.

 

[Der Eisbär]

Thanks, I'll keep that in mind!

I'm going to do a bit more reading, but I think I'll open a Kraken account soon and go from there. I probably won't start out with a huge amount of money in it. Maybe 1k or 1.5 k max. Just to try it out.

One thing that irks me about Kraken is that they need a lot of information from you, including social security number etc. Not sure if that's the same in Gemini and Binance though, but that's something I need to read up on as well.

Those things are reassuring. Coinbase/Gdax also require you to verify your identity. I'm not sure you can trade anonymously on a stock exchange, why is this any different?

 

[Grassshoppa]

The internet is built on infrastructure that can be controlled. The government could shut down an exchange, they can't control a bitcoin. It doesn't work like that.

I would like to think that. Honestly, I really would.

 

[Tamriel Terror]

What are you finding so complicated about binance? I've sent bitcoin to it before and bought IOTA with ease. I found BTC/IOTA through the search function, and put in the amount I wanted.

Idk it just seems very...jumbled.

IS bittrex any good? My plan is to probably put several hundred into a few altcoins that I feel will eventually go way up

 

[Der Eisbär]

Idk it just seems very...jumbled.

IS bittrex any good? My plan is to probably put several hundred into a few altcoins that I feel will eventually go way up

Haven't used bittrex so I can't comment. I just know it's a popular one.

That's a good strategy and I'm planning on doing the same. Having a core position of maybe 50% of my portfolio in bitcoin and litecoin, a 10% chunk in ethereum and a basket of altcoins that I feel are promising.

 

[Tyrannosaurus rex]

Those things are reassuring. Coinbase/Gdax also require you to verify your identity. I'm not sure you can trade anonymously on a stock exchange, why is this any different?

I suppose you're right.

I'm just not a huge fan of giving out all kinds of information to people I don't know.

 

[Der Eisbär]

I suppose you're right.

I'm just not a huge fan of giving out all kinds of information to people I don't know.

I'm okay with it when I know exchanges like coinbase and gemini are in compliance with the IRS and government regulators and backed by serious investment money. Overseas exchanges like binance and bitfinex I'm a little more iffy about.

 

[mrbaapt]

I use bittrex and have never had a problem. Neo is a good buy right now, significantly undervalued compared to Bitcoin right now. Neo is generally regarded by crypto experts as the "Chinese Ethereum". I expect it to increase towards 80 in the next few days.

Xrp might look tempting but it just gained over 300% in 2 days. Smarter thing to do would be to wait for xrp to dip and then buy.

Also I should add that NO banks have used the xrp token itself for testing. Banks are only using technology provided by the company that owns( and pre-mined a vast majority of xrp tokens) the xrp tokens (the company is called ,"Ripple') , but not the xrp token itself.

What I'm trying to say is everybody buying in to xrp right now has no clue what is really goingon with Ripple, xrp, and banks and is only buying on fomo and fake news

This isn't fake news.


Neither is this.
https://www.marketwatch.com/story/m...-million-cryptocurrency-hedge-fund-2017-11-28

 

[Zazen]

Well the good news is that Cardano (ADA) is doing well and I have quite a bit of those.

 

[Tyrannosaurus rex]

I'm okay with it when I know exchanges like coinbase and gemini are in compliance with the IRS and government regulators and backed by serious investment money. Overseas exchanges like binance and bitfinex I'm a little more iffy about.

I guess I'm just scared of identity theft or something. Probably very irrational though.

 

[Der Eisbär]

Well the good news is that Cardano (ADA) is doing well and I have quite a bit of those.

where did you get them?

 

[Zazen]

where did you get them?

I bought 300 for 9 cents each last week on Binance, now its 22 cents a coin.

 

[Der Eisbär]

I guess I'm just scared of identity theft or something. Probably very irrational though.

1) Use a strong security service on any device you access the internet with like bitdefender (which also has bitdefender mobile)
2) Use strong complicated passwords for your exchange accounts, write them down and keep them safe.

 

[Der Eisbär]

I bought 300 for 9 cents each last week on Binance, now its 22 cents a coin.

good job man.

 

[Tyrannosaurus rex]

1) Use a strong security service on any device you access the internet with like bitdefender (which also has bitdefender mobile)
2) Use strong complicated passwords for your exchange accounts, write them down and keep them safe.

Alright, thanks for the advice man!

I'll probably read up some more and then get started.