Bitcoin currency of the future?

[kahiljabroni]

Yeah, select accounts, select your USD wallet, select deposit, choose your payment method and deposit amount.

When I selected USD account it then asked me to link my bank account.... There was no option to use the card.

My fear is that I but bitcoin with my debit and they won't let me sell for usd for extended period.

 

[Der Eisbär]

When I selected USD account it then asked me to link my bank account.... There was no option to use the card.

My fear is that I but bitcoin with my debit and they won't let me sell for usd for extended period.

Are there any holds on your account or something? If you buy something you should be able to turn right around and sell it

 

[kahiljabroni]

Are there any holds on your account or something? If you buy something you should be able to turn right around and sell it

Not that I know of. I havnt made any transactions yet.

So what is the new buy price we're shooting for?

 

[Der Eisbär]

Not that I know of. I havnt made any transactions yet.

So what is the new buy price we're shooting for?

Litecoin seems to have bottomed out and consolidated around 300. Now would be a good time to buy ltc. You could wait and see if the market continues to cool off, or not.

I really dont know whats going on with bitcoin. Right now could be a buying opportunity.

 

[DrVanNostrand]

Are there any stats on how many people own crypto and spread of demographics?

 

[Luminaire]

Litecoin seems to have bottomed out and consolidated around 300. Now would be a good time to buy ltc. You could wait and see if the market continues to cool off, or not.

I really dont know whats going on with bitcoin. Right now could be a buying opportunity.

From everything I've read from you. I don't think you have ANY clue about what's going on.

You're a decent source of current price movement of BTC, ETH and LTC.

 

[Der Eisbär]

From everything I've read from you. I don't think you have ANY clue about what's going on.

You're a decent source of current price movement of BTC, ETH and LTC.

well.. bitcoin is up 500$ from where I said it would be a good buying opportunity.

 

[Zer]

Once my money clears I think I'm gonna be like 30% BTC, 30% ETH, 20% LTC then 10% Ripple and 10% NEO. Then I'll just let it stew for a while. This short term trading shit is too much stress

 

[Luminaire]

well.. bitcoin is up 500$ from where I said it would be a good buying opportunity.

You also sold Litecoin at $190... and then were miffed when it went to $230, decided you'd wait for it to cool off before you bought back in and then it went to $400 before "cooling" off... now at $300.

(Don't worry, you'll get another shot at it under $200... but you might be too scared to buy then lol)

 

[Luminaire]

Once my money clears I think I'm gonna be like 30% BTC, 30% ETH, 20% LTC then 10% Ripple and 10% NEO. Then I'll just let it stew for a while. This short term trading shit is too much stress

I fully advocate taking a modest amount of money (an amount you can comfortably lose entirely) and spreading it across some Cryptos.

In the case that one of the Cryptos has a huge run up 100 - 200%+... sell some, reassess your position, and make whatever decision makes you comfortable.

If you want to accumulate anything, it seems it would be Bitcoin.

 

[CerebralKnievel]

Once my money clears I think I'm gonna be like 30% BTC, 30% ETH, 20% LTC then 10% Ripple and 10% NEO. Then I'll just let it stew for a while. This short term trading shit is too much stress

Bad time to get into short term trading. All three are descending from huge surges. I'm not touching any at these prices. Ill buy back into LTC if it hits 280, and BTC if it hits 15k

 

[SwamiLeoni]

I fully advocate taking a modest amount of money (an amount you can comfortably lose entirely) and spreading it across some Cryptos.

In the case that one of the Cryptos has a huge run up 100 - 200%+... sell some, reassess your position, and make whatever decision makes you comfortable.

If you want to accumulate anything, it seems it would be Bitcoin.

I agree. I’m spread out across 9 different coins. I took a BIG risk on REQ and QASH and so far REQ has been a great investment. QASH has really stalled but they’re dropping their liquid beta in Q1 2018. REQ is dropping colossus sometime this month. Both of these coins have low market caps and very low buy-ins (REQ = $.25 / QASH = $.60 +/-).

Learn about the tech. Does it have a real world use or is it useless? Are they performing to their roadmap? If they hit their milestones and have good tech they are a company to invest in. But again, don’t take my word for it, do your own research! Also, set up a buyback program for yourself. I plan on selling some of my LTC as a safety net so that I have fiat to buy back in if a crash happens. Something to consider.

BTW, Overstock accepts Crypto. Use your gains if you have any to send some toys to your local Toys4Tots. I was contacted by them this morning (after I sent an email) to help them set up their system to accept Crypto donations.

One more thing, please do some research on what the coin your holding actually does. Is it used soley as a currency? Is it used to provide a discount when transferring between cryptos? Is it used to pay for transaction fees? These are all important questions. Not all cryptos are used like Bitcoin is supposed to be used.

 

[Der Eisbär]

I fully advocate taking a modest amount of money (an amount you can comfortably lose entirely) and spreading it across some Cryptos.

In the case that one of the Cryptos has a huge run up 100 - 200%+... sell some, reassess your position, and make whatever decision makes you comfortable.

If you want to accumulate anything, it seems it would be Bitcoin.

Hilarious. Just days ago you were saying we're all idiots, that it's all going to come crashing down, that it's going to be ending badly for everyone.

Sounds like you actually went and did some research and instead of apologizing and saying you're on board now, you're just going to switch stances like it didn't happen. lol

 

[Der Eisbär]

You also sold Litecoin at $190... and then were miffed when it went to $230, decided you'd wait for it to cool off before you bought back in and then it went to $400 before "cooling" off... now at $300.

(Don't worry, you'll get another shot at it under $200... but you might be too scared to buy then lol)

Everyone makes bad calls in this game. The very best traders are wrong more often than theyre right. So what.

 

[CerebralKnievel]

Everyone makes bad calls in this game. The very best traders are wrong more often than you're right. So what.

I made the same mistake after it flew past 100 up to 200, but I reassessed and still made over 35% on $1600 over about 8 days.

 

[Luminaire]

Hilarious. Just days ago you were saying we're all idiots, that it's all going to come crashing down, that it's going to be ending badly for everyone.

Sounds like you actually went and did some research and instead of apologizing and saying you're on board now, you're just going to switch stances like it didn't happen. lol

Nah, it's still going to crash. It's just when, and to what level.

I never said there isn't opportunity in the space, obviously there is... but it's starting to get carried away and a lot of the money pouring in now, is coming from your regular schmuck that's looking for the next get rich scheme and instead gets smashed... and trust me, there is going to be PLENTY of those guys.

That's what frustrates me about you... you move your goal posts on what's a "buy opportunity" daily, you act like these are can't miss INVESTMENTS, and then you're speculatively day trading them and trying to time the rips and dips, in a market where their simply is no established floor or peak.

You exhibit classic traits of someone getting caught up in hysteria and losing their money. The only consolation is that it doesn't sound like you have much money to lose, and you're young, so it won't matter anyway.

 

[Der Eisbär]

Nah, it's still going to crash. It's just when, and to what level.

I never said there isn't opportunity in the space, obviously there is... but it's starting to get carried away and a lot of the money pouring in now, is coming from your regular schmuck that's looking for the next get rich scheme and instead gets smashed... and trust me, there is going to be PLENTY of those guys.

That's what frustrates me about you... you move your goal posts on what's a "buy opportunity" daily, you act like these are can't miss INVESTMENTS, and then you're speculatively day trading them and trying to time the rips and dips, in a market where their simply is no established floor or peak.

You exhibit classic traits of someone getting caught up in hysteria and losing their money. The only consolation is that it doesn't sound like you have much money to lose, and you're young, so it won't matter anyway.

1) I only have a little bit of cash in this game. I'm practicing and learning before I put serious money in (serious for me at least) and im in the GREEN. So I'm not losing money. Sure, I've missed out on making some money, but I am still up from my initial investment.
2) Yeah, I move my goal posts for buying opportunity because the goal post keeps moving. Duh. Considering LTC just rocketed to 420 and has been coming back down since and moving sideways at 300-315, that is now the buying opportunity. And I only posted that because I was asked.

 

[Luminaire]

1) I only have a little bit of cash in this game. I'm practicing and learning before I put serious money in (serious for me at least) and im in the GREEN. So I'm not losing money. Sure, I've missed out on making some money, but I am still up from my initial investment.
2) Yeah, I move my goal posts for buying opportunity because the goal post keeps moving. Duh. Considering LTC just rocketed to 420 and has been coming back down since and moving sideways at 300-315, that is now the buying opportunity. And I only posted that because I was asked.

Just building up your (false)confidence before you lose "Serious Money" lol

So ok... for LTC, What's the price this time (3pm?) Friday? Keep in mind that 300-315 is a "buying opportunity", your words.

 

[Der Eisbär]

Just building up your (false)confidence before you lose "Serious Money" lol

So ok... for LTC, What's the price this time (3pm?) Friday? Keep in mind that 300-315 is a "buying opportunity", your words.

LOL you're going to ask me for predictions, which as I pointed out, people are wrong on these more often than not, then you're going to turn around on Friday and say SEE I TOLD YOU!!!

My prediction is 360 by Friday 3pm.

 

[Graves The Elder]

next year at this time, bitcoin will be devalued by 75%