BTW - if anyone is interested in a Coinbase account to buy BTC, LTC, or ETH let me know. I can send you an invite and if you purchase $100+ in digital currency we'll both receive $10 in BTC...or approx 0.0036 BTC!
Bitcoin vs Electronic Money https://www.cgap.org/sites/default/files/Brief-Bitcoin-versus-Electronic-Money-Jan-2014.pdf
Selling my bitcoins at 1200 a coin will go up there with not investing in gold during the Bush years. I did buy Ethereum at 17/per tho, not nearly enough.
I started investing in cryptocurrencies and made a little bit of money. Maybe $200? It's really tough now because there are so many startup coins, and now the big fork is coming on August 1st and causing chaos. If you have BTC in an exchange like Coinbase or Kraken, they won't fulfill the split. You have to put it in a private wallet if you want both coins.
So, as per usual, I sat on my hands and still haven't bought any BTC and now they're trading at $4400! Still a lot of room for growth between $4400 and $500K...
I listened to a podcast yesterday and they mentioned McAfee’s bet. They also mentioned that if you bought $100 of BTC 7 years ago, it would be worth millions today. I’m fucking in. I bought some BTC, Etherium and Litecoin yesterday, they all made me a little cash just in the last 24 hours.. Hopefully, one day I will have enough saved up to buy a time machine and then I’ll go back and invest more..
Regretting not learning how to "mine" for bitcoin while I had access to about 50 computers capable of doing so.. it was when mining was much easier than now.
I ended up buying $500 three months ago which has already doubled. I put it all in coinbase as it is the most secure. It takes a while to set up your account. You can but litecoin and etherium through coinbase too and the give you $10 bucks ( in btc) for your first purchase. https://www.coinbase.com/join/5952a7bb825c8200a5e9dbf4 Talk is that it will go up 100x (not 100% but 100x !!!) over the next three years. I make survival money but I am going to try and keep putting more in. Better to forget about 5 years ago and think about three years from now.
How did the coinbase set-up go? I haven't linked a bank account or credit card to mine yet, as I'm still a bit skeptical about it. If I recall, if you link your bank them purchases of BTC can take a few days...curious if your purchase price is when you initiate the order, or when the order is complete a few days later. If it's the latter, then it seems impossible to know what price you're buying at.
Set up did take a few days. My lady is setting hers up now and frustrated that it didn't happen when she was trying to get in at a good rate she wanted. But so it will always go. Once you card is set up you can buy and get it at the current price. My card seems to have a low limit though I just read that on coinbase your max purchase can be set to $25k. Coinbase holds your cryptokey unlike the wallet sites which gives them more leverage but also keeps it safe from you loosing it. Just a thought.
So are you buying using a credit card rather than linking your bank account? If I end up linking a funding source I was thinking that would be the route I'd take...seems a little safer, and you can make instant purchases. But I was concerned that purchases made with a credit card might incur fees if the credit card company views BTC as a currency, and therefore subject to "cash advance" fees. Lately I've been looking at GDAX - Coinbase's exchange - and it looks like you might be able to transfer funds from a bank account into GDAX, similar to transferring funds from a bank account into your Paypal account. And then you can use those funds to make instant purchases, or set up buy orders to be filled if/when your price limits are met. I want to try this, so I can set up an order with a low buy price in case BTC has another momentary collapse. Did you buy through GDAX or through Coinbase?
Right you are on the above. I went through coinbase for that initial purchase with cc. I am updating to add bank account and gdax.
Cool - thanks! I'll probably hit you up if I decide to move forward with my account and have additional questions!
i have about .10 of bitcoin and 8 ether. I had bought ether when it was 8 bucks but sold it shortly for more bitcoin i wish i would have held on. but my ether investment is about double now Im holding off on bitcoin at the moment cus like the advisors say the bubble could burst any day
Kraken and Bittrex both honored the Bitcoin Cash split, so hopefully they will do the same for Bitcoin Gold. Coinbase does not honor splits. EDIT: Bittrex is honoring the split, they just posted an announcement today. No word from Kraken... probably going to be sending my BTC over.
Bitcoin Gold turned out to be one hell of a sham. Apparently the team's Twitter got hacked before the split, and only some sketchy exchanges are trading and/or honoring it. Bitfinex is one of the more reputable exchanges that honored the split, but they're kicking out all US customers soon. Sad because the whole point of Bitcoin Gold was to put power back into the hands of individual miners instead of big mining pools. Oh well, at least the support for the next split in November seems widely supported. Even Coinbase will be honoring the split, and they didn't do so with Bitcoin Cash.
Almost to $8000!! I hope y’all bought during the dip! I actually bought toys at DCON instead of buying the dip. I’m slapping myself with my new Hyper Kraken.. I’m so tempted to pull from my 401K and dump it into BTC. A 44% gain in one month is enough to pay off the penalties for withdrawing early. Definitely throwing my entire tax return into crypto at the beginning of the year. Actually, I’m going to stop investing in my 401K altogether and invest primarily in Bitcoin. The returns are too great not to.. Also, Funko’s stock is about $7 a share. I picked up some of that as well, it seems like it can only go up from there.. But I could be wrong.. lol
