Bitcoins (and other crypto currencies)

[Pistachio]

I've still got 1 BCH from the fork in August. Haven't done anything with it yet.

Should be worth a fair bit pretty soon!

 

[Pistachio]

Who's blocked it? It's available to buy on Coinbase.
It's nearly doubled today.

It doesn't let you buy any on the app. Insider trading suspected

http://www.bbc.co.uk/news/technology-42425857

 

[R3k1355]

Can someone explain... if a bitcoin is worth 17k dollars and say for example you had 10 coins; could you sell for 170k? And someone would pay that sum, for a made up computer coin!?

Yes, although I don't know if it's always guaranteed at spot value or exact transaction amount is just negotiated between both parties.
You could also swap bitcoins for other coins, Litecoin, Ethereum or whatever.

It doesn't let you buy any on the app. Insider trading suspected

http://www.bbc.co.uk/news/technology-42425857

Is it even illegal though?
Is anything illegal in an un-regulated market (I have no idea)

 

[rctempire]

I traded a bcash yesterday for a new miner. Glad I did. Hurrah
Going good boys going good.

 

[Mk1T]

Guys, I'm a complete n00b to this but really want to get involved.
Would anyone be able to explain in layman terms how it all works?

I'm looking to purchase some 'xrp'
So far I have downloaded Coinbase and Shapeshifter.

All I understand is this;
Money from bank account into Coinbase.
Purchase eth.
Then go to shapeshifter and 'transfer' from eth to xrp.
Then what do I do with my XRP code?
Where do the XRP's go?

Lost!

Anyone able to advise? Haha.
Cheers all

 

[ColinG]

Guys, I'm a complete n00b to this but really want to get involved.
Would anyone be able to explain in layman terms how it all works?

I'm looking to purchase some 'xrp'
So far I have downloaded Coinbase and Shapeshifter.

All I understand is this;
Money from bank account into Coinbase.
Purchase eth.
Then go to shapeshifter and 'transfer' from eth to xrp.
Then what do I do with my XRP code?
Where do the XRP's go?

Lost!

Anyone able to advise? Haha.
Cheers all

I could literally have typed the same thing, also curious about XRP....

It seems easier just to buy it on etoro??

 

[Mk1T]

I could literally have typed the same thing, also curious about XRP....

It seems easier just to buy it on etoro??

Dude, I'm getting nowhere fast. Wish I understood this stuff..

 

[ColinG]

Dude, I'm getting nowhere fast. Wish I understood this stuff..

I think that no matter how it’s explained to me, I’ll never really “get it”

Your buying a non physical thing that you’ll never hold or actually enjoy, and paying someone that you can never trust, and have to store it in something called a wallet. Which can be hacked, and when you sell it can take days for the transaction to happen..

The whole thing just screams dodgy and corrupt to me, and yet it’s so tempting to possible make huge sums of money.

 

[Ay Ay Ron]

So I got Binance setup. Bought a few coins for the future, only 30 of one and 4 of another. Went to look at transferring out of Binance and I can't. I've not bought enough coins tonvocet my transaction fees! One costs 100 coins. I might have to look at it on the laptop instead of doing in the app.

Already had some money in bitcoin so sold a bit of that for Lite coin and Ethereum, probably should have sold the lot as it's dropped a bit in the last few days.

 

[Gus]

Do people actually use bitcoins as a currency or are they just an investment now?

 

[Stefan.]

I still think this is dodgy as f**k, and definitely not bothering 'investing' just screams scam for some reason. Probavly using people details later on down the line

 

[Pistachio]

I'm out!

 

[botfch]

Well timed if you cashed out before it crashed.

 

[mace¬]

@gally how much you made/invested so far?

 

[Marc.]

I think the real money maker in 2018 is companies that grow Bananas. With the World Cup being held in a Russia, there simply has to be a surge in sales

 

[Ash1751]

Recovering a little, so it could be good to buy when it's low

 

[rctempire]

Full steam ahead for me. Made some money on it. Bought a new miner so cannot wait to upgrade my aging ones. Moving into ICO's and made some off that already. Long game for BTC is key. None of this buy high and sell higher which people keep kidding themselves on

@Gus yep currency that you can spend, i bought the miner and the new psu with BitCoin Cash the other week.

 

[Ex-User (60778)]

A lot of things planned for next year so it should go up a lot more hopefully, although I wouldn't mind if it goes down for a while as it gives me a chance to buy more! Did you buy at around the $7 mark too?

Lowest 6.5 highest just over 10. Started at the end of September, I couldn't have timed it worse haha I just bought the never ending dip

 

[rctempire]

Big dip today. Buy buy buy

 

[adamlstr]

Ethereum seems to be on another uptick this week.

Haven't seen any good press myself?

 

[boultonn]

Ethereum seems to be on another uptick this week.

Haven't seen any good press myself?

Every time I check back it’s gone up more. Happy days.

 

[AdDaMan]

My 300dollar wallet is now at 1500 from only a few weeks. Fingers crossed im rich in 1 year.

 

[Crybert]

I’ve been trying to set up a bitstamp account and verification is taking up to 2 weeks. Missed out on ripple hitting a surge on the 3rd. This is a pain in the arse! Any other way for me to get involved quicker?

 

[AdDaMan]

I’ve been trying to set up a bitstamp account and verification is taking up to 2 weeks. Missed out on ripple hitting a surge on the 3rd. This is a pain in the arse! Any other way for me to get involved quicker?

Yeah i got into ripple a few weeks back luckily. I use Bittrex from the recommendation of someone else on here. Seems good. Verification only took a day or 2 i think.

 

[adamlstr]

My 300dollar wallet is now at 1500 from only a few weeks. Fingers crossed im rich in 1 year.

You mean richER right? Because baller?

 

[AdDaMan]

You mean richER right? Because baller?

ha naa im not CS rich...Im poor.

 

[adamlstr]

Ha, I always said I'd go long-long on the 1 Ethereum I bought, tempted by the quick win now.

 

[Oggy997]

ltc needs to do something

 

[adamlstr]

ltc needs to do something

😂

It did plenty for me last month.

 

[Pep]

I'm running at about 350-400% profit after starting out less than a month ago.
Took my money out of LTC / ETH and gone into the smaller alt coins, XRP, VEN, TRX, XVG & LINK have all done great for me, plus some others than have still done 15-20% up.

Biggest problem is my day job is busy so I don't have much time for research!

 

[welshname]

ltc needs to do something

LTC has plummeted. It started to rise again the last days.

XRP seems the one to have but buying it is a b**ch. I really can't be arsed if it's not on coinbase.

 

[alistairolsen]

I'm running at about 350-400% profit after starting out less than a month ago.
Took my money out of LTC / ETH and gone into the smaller alt coins, XRP, VEN, TRX, XVG & LINK have all done great for me, plus some others than have still done 15-20% up.

Biggest problem is my day job is busy so I don't have much time for research!

What exchange are you using?

 

[welshname]

Yeah what are people using for XRP. Really want to get into it before it goes nuts.

 

[Marc.]

Yeah what are people using for XRP. Really want to get into it before it goes nuts.

I’m currently going through GateHub

 

[welshname]

I’m currently going through GateHub

I've gone through binance. It's hateful.

Wish coinbase would pick it up.

 

[Marc.]

I've gone through binance. It's hateful.

Wish coinbase would pick it up.

It’s a massive pain in the arse. BT email is down, annoyingly, so I currently can’t verify my email to access my account! I have no wallet as of yet, so unable to buy anything.

 

[welshname]

It’s a massive pain in the arse. BT email is down, annoyingly, so I currently can’t verify my email to access my account! I have no wallet as of yet, so unable to buy anything.

I bought etherium on coinbase, transferred it to binance and traded my etherium for xrp.

You also need 20 xrp minimum to use gate hub.

 

[Marc.]

I bought etherium on coinbase, transferred it to binance and traded my etherium for xrp.

You also need 20 xrp minimum to use gate hub.

I’m a total noob at this, so finding it really difficult to get my head around, it’s such a nightmare!

 

[jonzz]

Coinbase rejected my ID. It's so complicated getting so many sites set up lol!

 

[mace¬]

Is there any data on what actually supports the value of these currencies and affects their value?

I mean, the dollar, gold, oil, wheat, tulips, potatoes etc all have strong analytical data behind them that identifies what their value is and why. Does Crypto currency have anything similar?