[quote=Badballer]I've been trying to offload some of my BTC but waiting over 24 hours for it to be deposited on the exchange is painful.[/quote]
if your waiting that long you must have had your fees pretty low, you could try a transaction accelerator
So, any way to re-enter the cryptomarket with smaller sums of money? Any altcoins with good outlooks?
[QUOTE=Firewarrior;52929185]So, any way to re-enter the cryptomarket with smaller sums of money? Any altcoins with good outlooks?[/QUOTE]
You can enter with any amount of money. Coinbase charges a fee of about 3.8%, minimum fee $0.99, minimum order $2, for buying.
Altcoins are extremely risky and if you don't need an ROI tomorrow, bitcoins are the better investment.
I'm just holding on to a few litecoin and some omisego, already made $50 due to the spike in litecoin price.
[QUOTE=Disseminate;52929195]You can enter with any amount of money. Coinbase charges a fee of about 3.8%, minimum fee $0.99, minimum order $2, for buying.
Altcoins are extremely risky and if you don't need an ROI tomorrow, bitcoins are the better investment.[/QUOTE]
Don't worry, I know about the risk, but I want to trade, not invest. I mean, that's how I turned some Chinacoins (that was the name of the altcoin) into 36 BTC back then. High risk, high reward.
Question from someone who barely knows anything cryptocurrencies
Is it worth buying bitcoins for like 5-10 bucks just to see what happens?
Its not a big loss if the course starts dropping
[QUOTE=Zovox;52929401]Question from someone who barely knows anything cryptocurrencies
Is it worth buying bitcoins for like 5-10 bucks just to see what happens?
Its not a big loss if the course starts dropping[/QUOTE]
not really. if it doubles in value which is currently a very long term projection, couple years, you'll have $10-20. buy an altcoin if youve got ten dollars you dont mind losing.
[QUOTE=Zovox;52929401]Question from someone who barely knows anything cryptocurrencies
Is it worth buying bitcoins for like 5-10 bucks just to see what happens?
Its not a big loss if the course starts dropping[/QUOTE]
Even if it keeps inflating, at that small of an investment any potential earnings would just be lost in fees.
"Small" investments on bitcoin are still usually 50-100 dollars. But even at that range with it's current price you still might not make anything significant.
The people making a killing in this are the ones who own multiple, whole bitcoins, and not fractions.
With the price of entry for a whole bitcoin in the 10k range you've got to dump a lot of money into a LOT of uncertainty to win big at this point.
[QUOTE=DiBBs27;52929458]The people making a killing in this are the ones who own multiple, whole bitcoins, and not fractions.
With the price of entry for a whole bitcoin in the 10k range you've got to dump a lot of money into a LOT of uncertainty to win big at this point.[/QUOTE]
To be fair they said that when I got in at 4k.
[QUOTE=Rastadogg;52929410]Even if it keeps inflating, at that small of an investment any potential earnings would just be lost in fees.
"Small" investments on bitcoin are still usually 50-100 dollars. But even at that range with it's current price you still might not make anything significant.[/QUOTE]
if you just bought small amounts 5-10 whenever you had cash leftover from something you could just leave it on the exchange until you had an amount worth moving
[QUOTE=Viper_;52929465]To be fair they said that when I got in at 4k.[/QUOTE]
Fair enough. However the higher the price of entry, the more true the statement becomes.
Also in your case, if you got in on BTC when it was at 4k and you bought a whole coin for 4k, you' would have a little more than double your original purchase price.
While that is a decent haul, it's nothing incredible like some people who own 25+ coins from the days it was under $100
[QUOTE=DiBBs27;52929458]The people making a killing in this are the ones who own multiple, whole bitcoins, and not fractions.
With the price of entry for a whole bitcoin in the 10k range you've got to dump a lot of money into a LOT of uncertainty to win big at this point.[/QUOTE]
not really 1000 vs 1000000 your losses or gains are relative to what you can afford
[QUOTE=waylander;52929477]not really 1000 vs 1000000 your losses or gains are relative to what you can afford[/QUOTE]
Exactly, which is why the volatility of this market makes it almost fruitless to get in on it at low value.
Even if you win big at 100 dollars in and the price sky rockets, what you would end up making is negligible.
And if you lose, well, a couple hundred down the drain is better than a couple thousand anyways.
[QUOTE=Crumpet;52929406]not really. if it doubles in value which is currently a very long term projection, couple years, you'll have $10-20. buy an altcoin if youve got ten dollars you dont mind losing.[/QUOTE]
Are altcoins a currency of its or just different ones in general?
Which one would you guys suggest in that case?
[QUOTE=DiBBs27;52929485]Exactly, which is why the volatility of this market makes it almost fruitless to get in on it at low value.
Even if you win big at 100 dollars in and the price sky rockets, what you would end up making is negligible.
And if you lose, well, a couple hundred down the drain is better than a couple thousand anyways.[/QUOTE]
if you only have 100 you probably appreciate what you gain more than someone who is already rich and is just getting richer
[QUOTE=waylander;52929138]if your waiting that long you must have had your fees pretty low, you could try a transaction accelerator[/QUOTE]
Good point I'll probably do that in the future
Question regarding altcoins, where do you lads actually trade them?
I use an exchange that only deals with major coins like BTC and etherium and im interesting in expanding my horizons/taking risks with some of the profits I've been making.
[QUOTE=Zovox;52929505]Are altcoins a currency of its or just different ones in general?
Which one would you guys suggest in that case?[/QUOTE]
Altcoins per definition are any cryptocurrencies other than Bitcoin itself.
What you are looking for (low investment, but potential huge reward) is - to use a term from stock trading -, a "penny stock". If i had an answer as to which one to go for, I'd invest in that particular coin myself. This is the up and downside with penny stocks. High risk because its very hard to know for certain which one ends up winning out, high reward because if you [I]do[/I] pick the right one, the rewards will be explosive growth.
[editline]29th November 2017[/editline]
[QUOTE=archival;52930768]Question regarding altcoins, where do you lads actually trade them?
I use an exchange that only deals with major coins like BTC and etherium and im interesting in expanding my horizons/taking risks with some of the profits I've been making.[/QUOTE]
Gdax.com is considered to be the foremost aswell as most advanced right now.
You can trade many altcoins there aswell as more advanced trading instruments such as making stop loss orders etc. (I.e: If coin *** price drops 10% over short time >then sell all *** coins. Or; If coin ¤¤¤ price goes down to under x amount of dollars >then buy coin ¤¤¤ for 2k usd or whatever you decide)
Only reasons I don't use gdax myself are partly because i only hold bitcoins right now, and also i haven't gotten around to it yet.
Read up on different exchanges and decide for yourself. Gdax seems by far to be the most popular choice by the serious traders right now is all.
Gdax doesn't have many trading pairs at all, I don't trade but if you want to trade something other than btc/eth/ltc you need to go somewhere like poloinex
Just passed 10k, crazy!
[QUOTE=reedbo;52931215]Just passed 10k, crazy![/QUOTE]
That means the pizza that guy bought for 10,000 bitcoins in 2010 would now be a 100 million dollar transaction.
do we have a bitcoin thread? I'm pretty inclined to trust an internet comment with my financial decisions right now
How do people feel about long term investing in etherium or etherium classic? If I had $500 and dumped most of it on a smart decision and some greedy little part of it on a goldrush what are my options?
Any word on the tether thing? Is anyone shorting this shit?
[QUOTE=so;52931484]do we have a bitcoin thread? I'm pretty inclined to trust an internet comment with my financial decisions right now
How do people feel about long term investing in etherium or etherium classic? If I had $500 and dumped most of it on a smart decision and some greedy little part of it on a goldrush what are my options?
Any word on the tether thing? Is anyone shorting this shit?[/QUOTE]
I literally just havent had the income to be able to invest for the past year and I regret it so much
I put in 200 while it was at 6 k and it doubled, I want to invest more because I think theres a good chance itll double (even if it takes a couple of years) but I just don't have that kind of income rn
don't know enough about alt coins or ethereum to know if its worth it
[QUOTE=lum1naire;52931512]I literally just havent had the income to be able to invest for the past year and I regret it so much
I put in 200 while it was at 6 k and it doubled, I want to invest more because I think theres a good chance itll double (even if it takes a couple of years) but I just don't have that kind of income rn
don't know enough about alt coins or ethereum to know if its worth it[/QUOTE]
ethereum's technology is good, and it's actually currently a better coin than BTC if we're talking about its ability to handle transactions as well as scalability. that's why my holdings are in both BTC and ETH.
so far i've almost doubled my money since earlier this year on both BTC/ETH. i dont know how long this can last, but i've put stop orders for 20% drops on my holdings and i update it every few days. the way i see it, if a coin drops more than 20%, then it's going to be a chunky dip.
imagine if you had bought like 200 dollars if this shit when it first came out hahahahah
I wanted to buy 20 euros worth of bitcoin last friday (nov 24). I couldn't cause the site I would've used needed a verification, since I couldn't purchase with my credit card directly. My verification got declined, even though I sent them a picture of my ID as requested, and the second review process still hasn't ended, even though they promise 1 business day for each review.
I'm a bit pissed right now, I know it wasn't a huge amount but still.
[QUOTE=ZuXer;52931991]I wanted to buy 20 euros worth of bitcoin last friday (nov 24). I couldn't cause the site I would've used needed a verification, since I couldn't purchase with my credit card directly. My verification got declined, even though I sent them a picture of my ID as requested, and the second review process still hasn't ended, even though they promise 1 business day for each review.
I'm a bit pissed right now, I know it wasn't a huge amount but still.[/QUOTE]
Did you send them just a picture of it that you took with your phone or an actual scan? That might be the issue. They say "picture" but what they actually mean is "scan".
I've lost the meaning of "correction" by this point. I've been waiting for one for half a year.
Is this the fabled normie adoption or is it the biggest bull leading up to the greatest dump and crash in crypto history...? I don't know what to think anymore.
[IMG]https://i.imgur.com/bx5BBS2.png[/IMG]
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