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Bitcoin/Ethereum/Litecoin

thesoonerkid

Well-Known Member
Personally I think the bitcoin ship has sailed.
Did you buy @NovemberEcho? What do you do after buying? Set up a wallet? Total newbie here. Trying to find info on the putting Bitcoin into a wallet. Also totally with you on the Blackjack money.
You don’t need a wallet to buy any crypto currencies per se. though it’s a really good idea to have one. (I would suggest a “cold” wallet) This type of wallet is not connected to the internet. The Nano ledger S is really popular and works with most of the popular currencies. This just protects you from losing out on your investment should the website you trade through get hacked, they just close up shop, or decide to halt trading.
 

Louie1975

Well-Known Member
Personally I think the bitcoin ship has sailed.

You don’t need a wallet to buy any crypto currencies per se. though it’s a really good idea to have one. (I would suggest a “cold” wallet) This type of wallet is not connected to the internet. The Nano ledger S is really popular and works with most of the popular currencies. This just protects you from losing out on your investment should the website you trade through get hacked, they just close up shop, or decide to halt trading.
Definitely gonna end up with a Cold Wallet. What’s the easiest way to transfer from an iPad app to the Nano Ledger S? I’m vaguely remembering reading something about not being compatible with iOS?
 

LibTech7

Well-Known Member
So I finally got around to getting coinbase, linked my account, and now I'm terrified of pulling the trigger. I'm only doing $500 for an initial investment so nothing crazy, but BTC is in freefall right now. Anyone know what this Bitcoin Cash is about?
You notice how much you got ripped off buying on coinbase? The price you buy for on there is 2-3% higher than the market price at any given time. Throw in their high fees and the absurd cost to transfer and you need to make some pretty good gains before you even break even.
Before you make a purchase through coinbase, send your funds over to gdax and purchase via a limit order (There are zero fees that way). Coinbase owns gdax, so you can log in with your coinbase info and then use your coinbase wallet to fund the gdax account.

https://support.gdax.com/customer/e...-transferring-funds-between-gdax-and-coinbase

Make sure you do some proper research before you purchase anything. Depending on your goals, you might be better off purchasing something other than bitcoin. I would stay away from bitcoin cash until you understand how it came about (fork from bitcoin), the politics behind it, and how the price may be manipulated by certain individual(s). Please never buy any crypto asset at its all time high. Fear of missing out is a very real and powerful epidemic. It applies to most aspects of life, however, it is especially strong in the crypto space (hence the current bubble that will eventually pop). Be patient. If your terrified of losing $500, maybe drop the amount down to something that you won't lose sleep over. Speculating should be fun, not stressful.
 

A80TRACON

Backpfeifengesicht
Well I took the $500 I was going to use to buy bitcoin and lost it at the casino today. Whoops.
I hope you control better than you gamble ;)

Off to LAS, with the Mrs, in 3 weeks to try my hand at entering the WSOP.

When I say try my hand, I mean I sit at the bar and drink and saunter off to $25 a hand blackjack for a bit and she sits in the poker room for days on end entering satellite tournaments.
 

NovemberEcho

Dergs favorite member
I hope you control better than you gamble ;)

Off to LAS, with the Mrs, in 3 weeks to try my hand at entering the WSOP.

When I say try my hand, I mean I sit at the bar and drink and saunter off to $25 a hand blackjack for a bit and she sits in the poker room for days on end entering satellite tournaments.
Man this was my worst day at the casino in years. I was never up by more than $15.
 
Ripple at $0.22 seems like a good purchase now. Sat low long enough I was wondering.

All this talk of mining Bitcoin though is nuts. Takes too much hashpower now, well since like 2012.

Alt coins can still be mined using decent gaming cards. I have a mix of GTX1070s and 1060s putting out 328M/H or about 1.22 Ethereum a month.
 

LibTech7

Well-Known Member
Ripple at $0.22 seems like a good purchase now. Sat low long enough I was wondering.

All this talk of mining Bitcoin though is nuts. Takes too much hashpower now, well since like 2012.

Alt coins can still be mined using decent gaming cards. I have a mix of GTX1070s and 1060s putting out 328M/H or about 1.22 Ethereum a month.
Doing well with Ripple sir! Enjoy the ride, especially if it gets listed on coinbase. It's a great hybrid. I didn't get in on XRP because of my personal view on traditional banks, however, it will be around for the long term no doubt. If it penetrates 0.000160 it should be another uptrend break. Cheers!
 
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