Bitcoin currency of the future?

[Luminaire]

I'm gonna move some to gdax when I get home. You can set limit orders through that platform, right?

Be aware that from what I've seen stop-loss orders aren't a good idea... these tend to have flash swings that will trigger your stop loss and cause you to realize a loss.

So if you bought Litecoin at $315 (current) you'd probably have to set a stop loss around $200 to avoid triggering it and even then I'd be worried. Earlier today it had like a $70 flash swing, where it dropped and recovered.

 

[Luminaire]

I believe the final form of bitcoin (if it successfully implements lightning network), will be 1 to 5 million by 2020-2025.

lol... and yet you own none.

Again, if I believed that, I'd be doing nothing but accumulating. Every dip, every pay check, every month... more and more.

1 mil per bit coin... and it's 15k now. How you say stuff like that and own NONE is amazing to me.

 

[SwamiLeoni]

Be aware that from what I've seen stop-loss orders aren't a good idea... these tend to have flash swings that will trigger your stop loss and cause you to realize a loss.

So if you bought Litecoin at $315 (current) you'd probably have to set a stop loss around $200 to avoid triggering it and even then I'd be worried. Earlier today it had like a $70 flash swing, where it dropped and recovered.

Yea, stop-loss orders aren't a 100% safe proof, but they're better than nothing. I hold 90% of my crypto on a ledger. If the market tanks and I'm at work, I'm screwed. That's why I'm thinking about putting my LTC back on Coinbase. At least I'll have a fighting chance. I'm also working on pulling out my initial investment and holding it in my bank as a safety precaution.

 

[Der Eisbär]

You're banking on a bubble "buddy"... I've been trying to temper your expectations ever since my first post in this thread.

Other people seem to have a more measured approach, they understand the volatility and the extreme risk involved. You however seem to think there's only the moon ahead.

This recent surge is the result of a bunch of uneducated buyers trying not to miss the craze, Coinbase is the #1 app suddenly, Cryptos have hit the populace... but that's not sustainable in the least.

Most people are trying to make $'s on their Cryptos, including yourself. And some people will, they always do in bubble environments. But when your plumber is talking about how much "up" he is on his coinbase account... then you know it's about to be over.

I don't know how far the pull back will be, I don't know how long it will last, I don't know how it recovers in the long run. I only know that it's coming and people need to be careful.

You say $360 by Friday at 3pm... I hope you're right, hell... lets hope it soars to $500 on the back of even MORE hysteria. But we both know, it's a guess, and a blind guess at that. You have on clue.

I'll say $240... just for fun, I have no idea, but a 200% run up is bound to have folks taking profits by week end.

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

 

[Der Eisbär]

The first 12 minutes of this is awesome. This guy is the fuckin man.

 

[kahiljabroni]

How much dough of your own money have you guys put in?

 

[CerebralKnievel]

How much dough of your own money have you guys put in?

1600

 

[The Clinch]

How much dough of your own money have you guys put in?

Not much, but may slowly accumulate in time.

 

[kahiljabroni]

Don't be shy fellas. .. Whatchya got tied up

 

[Reyesnuthugr]

Don't be shy fellas. .. Whatchya got tied up

I'll tell ya if you tell us how you finally got through that verification problem with the two credit card verification inputs.

 

[Grassshoppa]

Just wait until the lawsuits start coming in against bitcoin and Coinbase. Americans are sue happy. Someone is going to get the bright idea to sue bitcoin/Coinbase due to some crazy commerce law and the fact that the transaction time resulted in a false price or something. Once the lawsuits start then it'll drop like a rock.

 

[Luminaire]

Lol, you can't sue bitcoin

 

[CerebralKnievel]

Just wait until the lawsuits start coming in against bitcoin and Coinbase. Americans are sue happy. Someone is going to get the bright idea to sue bitcoin/Coinbase due to some crazy commerce law and the fact that the transaction time resulted in a false price or something. Once the lawsuits start then it'll drop like a rock.

..,you can't sue bitcoin any more than you can sue oranges, and you seem to have no concept of how normal commodities are traded to even be envisioning this scenario.

 

[Eyepokesftw]

Just wait until the lawsuits start coming in against bitcoin and Coinbase. Americans are sue happy. Someone is going to get the bright idea to sue bitcoin/Coinbase due to some crazy commerce law and the fact that the transaction time resulted in a false price or something. Once the lawsuits start then it'll drop like a rock.

I already posted this. Nobody cared.
https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

This is Coinbase Insurance Policy straight off their website that was newly posted as of December 11, 2017.


Digital Currency
All digital currency that Coinbase holds online is fully insured. This means that if Coinbase were to suffer a breach of its online storage, the insurance policy would pay out to cover any customer funds lost as a result. Digital currency is not legal tender, is not backed by the government, and digital currency accounts and value balances on Coinbase are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.

The insurance policy covers any losses resulting from a breach of Coinbase’s physical security, cyber security, or by employee theft.

Coinbase holds less than 2% of customer funds online. The rest is held in offline storage.

This insurance policy does not cover any losses resulting from the compromise of your individual Coinbase account. It is your responsibility to use a strong password and maintain control of all login credentials you use to access Coinbase and GDAX.

Fiat Currency
Coinbase stores all customer fiat currency (government-issued currency) in segregated, custodial bank accounts. The funds held in those accounts belong to Coinbase’s customers - not to Coinbase.

If you are a United States resident, your Coinbase USD Wallet is covered by FDIC insurance, up to a maximum of $250,000.

Even if Coinbase were to become insolvent, the funds held in the custodial bank accounts could not be claimed by Coinbase or its creditors. The funds held in those accounts would be returnable to Coinbase’s customers.




Fucking read it.

 

[kahiljabroni]

I'll tell ya if you tell us how you finally got through that verification problem with the two credit card verification inputs.

Original charges were 1.70 and 1.00

Two days later I saw a charge of 1.35

Apparently the 1.00 doesn't count

I entered the 35 and 70 and it worked

 

[Grassshoppa]

Not trying to argue about anything. I only post or type things just to dialogue. With all sincerity, why couldn't I sue bitcoin? Isn't bitcoin a community of users? The whole notion of bitcoin is based on the collective correct? So bitcoin may not be a business, but it is an entity. An entity of users. If all of those users have agreed to a value or action that breaks some type of US commerce law and the IRS has already had the power to obtain user accounts then couldn't I sue the entity under a federal law?

 

[kahiljabroni]

I'm finally in but I don't really want to buy in atm. The prices are just sitting rot around the same all day. Ethereum made a little movement today but nothing major.

 

[Grassshoppa]

Amazon is going to sit back and watch to see if the government crushes bitcoin or not. If the government allows it then Amazon is going to make its own cryptocurrency to dominate everyone. Amazon with one day delivery, its own show network, and its own currency? Amazon is going to take over the world like a boss.

 

[burge13]

Long term hold for people - XBY, DRGN & LUX. Look into them, buy and by mid 2018 you'll have a nie vacation paid

 

[CerebralKnievel]

Amazon is going to sit back and watch to see if the government crushes bitcoin or not. If the government allows it then Amazon is going to make its own cryptocurrency to dominate everyone. Amazon with one day delivery, its own show network, and its own currency? Amazon is going to take over the world like a boss.

A currency that can only be used for one company is called a gift card.