Bitcoins (and other crypto currencies)

[Pistachio]

Yeah I guess so. There is a fee for each transaction though. I don't think I'm playing baller enough :tongueout:

 

[CrippsCorner]

No web page. Have you got funds in your Binance wallet?

I've found the right bit to buy on but how do I add funds, do I need to go through all the authentication stuff first?

Only started getting interested in this stuff over Christmas as my cousin was almost in tears telling me about how he used to have about 40 Bitcoin and sold them all for like £600!

 

[Herr Flick]

Yeah I guess so. There is a fee for each transaction though. I don't think I'm playing baller enough :tongueout:

0.05% FFS.

I've found the right bit to buy on but how do I add funds, do I need to go through all the authentication stuff first?

Only started getting interested in this stuff over Christmas as my cousin was almost in tears telling me about how he used to have about 40 Bitcoin and sold them all for like £600!

We talking about Binance?
You need to buy some BTC/ETH and send it to your Binance wallet. Once it's has been confirmed, it will show up in the app and you can then use your bitcoin to buy whatever altcoin you want.
Make sure you understand the difference between limit and market before you do though.

 

[alistairolsen]

Care to give a brief explanation of the difference?

NEO has risen nicely today, thanks for sharing.

 

[welshname]

XRP

Why does it have to drop all the time

 

[Breamy]

Xrp really is terrible at the moment. I was hoping it would improve this week after the moneygram news

 

[seaneylad]

Blood bath at the mo!
Im deep in LTC and XLM at the moment

Few quid in verge and etn as well. Should pick up soon I hope!

 

[Sir_Dave]

Blood bath at the mo!!

Yup, i just bought another Litecoin ... 😂

 

[Breamy]

Tempted to put another 100 quid into fun while it's so low. Opinions ?

 

[Marc.]

XRP 😧

Why does it have to drop all the time

You’re telling me. I got on the hype train because of my best mate, telling me about his 6 months of research, sharing articles etc. He’s been banging on about how he bought it at $0.30 and was confident in the speculation that it’d be $20-50 by the end of the year, and $5+ by the end of Jan.

I bought it at £2, and it immediately crashed

 

[boultonn]

Yup, i just bought another Litecoin ... 😂

I bought some LTC the last time it was this low, the problem is it doesn't go anywhere, at least ethereum goes up a fair bit. That said, all 4 coins on coinbase have just plummeted :/

 

[Ex-User (60778)]

So much red

 

[AdDaMan]

[emoji23]

 

[Breamy]

You’re telling me. I got on the hype train because of my best mate, telling me about his 6 months of research, sharing articles etc. He’s been banging on about how he bought it at $0.30 and was confident in the speculation that it’d be $20-50 by the end of the year, and $5+ by the end of Jan.

I bought it at £2, and it immediately crashed 😧

I did the same. Bought about 2.20. Luckily only 100 quids worth

 

[Sir_Dave]

I bought some LTC the last time it was this low, the problem is it doesn't go anywhere, at least ethereum goes up a fair bit. That said, all 4 coins on coinbase have just plummeted :/

Im a hodler though. It'll allow me to retire in 2020.
Hopefully 😂

 

[Ex-User (19928)]

I do find it funny how confident some people seem to be in the current coins. On long enough timeline the value of the current coins could easily be zero.

(That's not aimed at anyone here in particular btw, just the general feels on the web is that you should bet your net worth on a bubble)

 

[seaneylad]

Yup, i just bought another Litecoin ... 😂

Wish I had more £ to buy more low!

I got in at the $30-60 range.

 

[seaneylad]

I do find it funny how confident some people seem to be in the current coins. On long enough timeline the value of the current coins could easily be zero.

(That's not aimed at anyone here in particular btw, just the general feels on the web is that you should bet your net worth on a bubble)

Its gambling really....
I went in with £400 few months back, with trading alt coins etc I have £4k now and took my original £400 out.
Id be annoyed if I lose it all, but never had it to start worth so for me its worth the risk.

 

[eugegall]

Everything seems to be crashing.

I'm watching but am unsure entirely where this is going to end.

 

[seaneylad]

I remember watching it crash last time the news came out around China, they dropped something terrible I was like 80% loss on LTC. Bounced back

Fingers crossed this time

 

[welshname]

FUN and XRP have crashed. FUN dropped to about $0.08

I'm almost tempted to buy

 

[seaneylad]

If it was payday id be diving right in!!

 

[eugegall]

If it was payday id be diving right in!!

Into what?

 

[seaneylad]

Into what?

LTC in my opinion is good long term hold.
XLM is good buy for 2018, and XRP as much as people say its the bankers coin due to being centralized.

And if you want more risk and maybe a bigger reward maybe verge xvg.

 

[Ex-User (19928)]

Its gambling really....
I went in with £400 few months back, with trading alt coins etc I have £4k now and took my original £400 out.
Id be annoyed if I lose it all, but never had it to start worth so for me its worth the risk.

I drunkenly bought some stuff on coinbase on Xmas Eve. Sold it last week as I found myself spending way too much time looking at my phone getting excited by green numbers and dreading red numbers.

Tempted to buy something now on the basis that today's probably not the day it dies though

 

[seaneylad]

I drunkenly bought some stuff on coinbase on Xmas Eve. Sold it last week as I found myself spending way too much time looking at my phone getting excited by green numbers and dreading red numbers.

Tempted to buy something now on the basis that today's probably not the day it dies though

Yeah I look daily at mine and since I started, so many green days and so many red days. You can see why people panic sell and it shows a big loss but it bounces just a quick. No where else you get the % gains you can on crypto. Works both ways you can lose just as much in the same period.

My LTC portfolio has been up and down so much, low as $30 dollars and high as $330 per coin

 

[R3k1355]

So whats the difference between market and limit?

Market being the average value and limit being the max/least someone has paid for a given coin?

 

[Ex-User (19928)]

Yeah I look daily at mine and since I started, so many green days and so many red days. You can see why people panic sell and it shows a big loss but it bounces just a quick. No where else you get the % gains you can on crypto. Works both ways you can lose just as much in the same period.

My LTC portfolio has been up and down so much, low as $30 dollars and high as $330 per coin

It's fine saying that when you spend £400 in the first instance. But would you have behaved the same if it was £40,000....

 

[seaneylad]

It's fine saying that when you spend £400 in the first instance. But would you have behaved the same if it was £40,000....

Same with all my investments, stock market or crypto.
Only invest what I am willing to lose.

If I stuck 40k in to crypto, it would be because I would have the money and be willing to lose that amount, all works out the same in % form

 

[boultonn]

I'm hoping people see all these coins going cheap and everyone starts buying and it goes back up

 

[Ex-User (60778)]

Into what?

omisego and ethereum

 

[Ex-User (60778)]

.

 

[Herr Flick]

Asia still dominates in crypto-trading by volume, accounting for the vast majority of money flowing in and out. Guess what is coming up in 3 weeks? Lunar New Year. Lots of money is flowing back to fiat to buy presents and plane/train tickets.

People spend a TON of money on travel and presents during Lunar New Year. This is their Christmas. This is also the largest mass migration of people on the planet, occurring over two weeks. Projections are for $100 billion USD in spending. [https://www.forbes.com/sites/ywang/...on-begins-chinese-new-year-2017/#3a6d5502999a]

Remember that the crypto market is antithetical to the stock market. Stocks boom when business is booming during the holidays. Crypto investors are retail investors, not Wall Street investors. Retail investors sell during holidays, thus the crypto market falls.

This selloff has happened exactly 3 weeks before Lunar New Year each of the last 4 years.

Evidence: https://i.imgur.com/xKFssKT.jpg [credit: u/Secruoser]

So, everybody chill out for a week, the bulls will be back by February. You can't fault these Chinese and Korean bros for taking major gains to buy some cool s**t for their families. Hell, if you want to, buy up their cheap coins in the meantime.

 

[R3k1355]

So the market is going to be depressed for the next few weeks?

 

[Herr Flick]

So the market is going to be depressed for the next few weeks?

If you believe it, yes.

 

[R3k1355]

 

[AdDaMan]

 

[boultonn]

time to buy more ETH!

 

[seaneylad]

Haven't the Korean Gov already said its FUD and its not a total ban, only a ban on anonymous coins?

 

[R3k1355]

Saying you're going to ban it and actually doing it in practise are different things though.

They could shut down exchanges based in South Korea, but they've got little power over foreign ones.
They could try and ban the exchange of crypto to Won (if thats possible?), but I'm sure some smart person would setup an exchange in Japan and Korean users could just go crypto->Yen->Won if they needed to.