Bitcoins and Other Crypto-currencies

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satriales
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PostRe: Bitcoins and Other Crypto-currencies
by satriales » Sat Dec 23, 2017 10:36 pm

pjbetman wrote:I think a good strategy is to put money into crypto when you'd otherwise put money into savings.

Just be aware that it's basically gambling, and so only use money that you can afford to lose.

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No:1 Final Fantasy Fan
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PostRe: Bitcoins and Other Crypto-currencies
by No:1 Final Fantasy Fan » Sun Dec 24, 2017 1:31 am

pjbetman wrote:
No:1 Final Fantasy Fan wrote:
pjbetman wrote:
No:1 Final Fantasy Fan wrote:They are all dropping to quite low at the moment. Might be a good time to buy some more?



I know hindsight is a great thing but I think with the number of previous 'crashes' we've had this past year or more, it was always going to bounce back. But as they say - time in the market is better than timing the market. But it helps if you buy in a dip, of course. Just don't bottle it when it 'crashes'.

Good points you mentioned there
I need to when until another drop and buy in them hold. Also in the short term keep buying and selling


I think a good strategy is to put money into crypto when you'd otherwise put money into savings. So, each month you put £x into it. BUT, choose the dips/mini crashes to invest it. Now is a very good time to start.

Btw, have you set up a Coinbase/gdax account yet? You want to be setting these up now, so that you have an active account when the next dip happens.

I only have coinbase at the moment. Need to link it to something like gdax so that I can get other currencies. Agree with your points about buying when its low and with savings etc.
Actually when you refer to Gdax do you mean its accuracy in tracking the values?

pjbetman
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PostRe: Bitcoins and Other Crypto-currencies
by pjbetman » Sun Dec 24, 2017 3:00 pm

No:1 Final Fantasy Fan wrote:
pjbetman wrote:
No:1 Final Fantasy Fan wrote:
pjbetman wrote:
No:1 Final Fantasy Fan wrote:They are all dropping to quite low at the moment. Might be a good time to buy some more?



I know hindsight is a great thing but I think with the number of previous 'crashes' we've had this past year or more, it was always going to bounce back. But as they say - time in the market is better than timing the market. But it helps if you buy in a dip, of course. Just don't bottle it when it 'crashes'.

Good points you mentioned there
I need to when until another drop and buy in them hold. Also in the short term keep buying and selling


I think a good strategy is to put money into crypto when you'd otherwise put money into savings. So, each month you put £x into it. BUT, choose the dips/mini crashes to invest it. Now is a very good time to start.

Btw, have you set up a Coinbase/gdax account yet? You want to be setting these up now, so that you have an active account when the next dip happens.

I only have coinbase at the moment. Need to link it to something like gdax so that I can get other currencies. Agree with your points about buying when its low and with savings etc.
Actually when you refer to Gdax do you mean its accuracy in tracking the values?


GDAX and coinbase are basically the same company, and for whatever reason, they have 2 separate exchanges. When you get a Coinbase account set up, you will automatically be able to link it to GDAX. The benefit of this is that GDAX has very low fees - and Coinbase has very high fees. Also, for whatever reason, most of the exchanges seem to have different pricings.

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No:1 Final Fantasy Fan
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PostRe: Bitcoins and Other Crypto-currencies
by No:1 Final Fantasy Fan » Sun Dec 24, 2017 8:26 pm

pjbetman wrote:
No:1 Final Fantasy Fan wrote:
pjbetman wrote:
No:1 Final Fantasy Fan wrote:
pjbetman wrote:
No:1 Final Fantasy Fan wrote:They are all dropping to quite low at the moment. Might be a good time to buy some more?



I know hindsight is a great thing but I think with the number of previous 'crashes' we've had this past year or more, it was always going to bounce back. But as they say - time in the market is better than timing the market. But it helps if you buy in a dip, of course. Just don't bottle it when it 'crashes'.

Good points you mentioned there
I need to when until another drop and buy in them hold. Also in the short term keep buying and selling


I think a good strategy is to put money into crypto when you'd otherwise put money into savings. So, each month you put £x into it. BUT, choose the dips/mini crashes to invest it. Now is a very good time to start.

Btw, have you set up a Coinbase/gdax account yet? You want to be setting these up now, so that you have an active account when the next dip happens.

I only have coinbase at the moment. Need to link it to something like gdax so that I can get other currencies. Agree with your points about buying when its low and with savings etc.
Actually when you refer to Gdax do you mean its accuracy in tracking the values?


GDAX and coinbase are basically the same company, and for whatever reason, they have 2 separate exchanges. When you get a Coinbase account set up, you will automatically be able to link it to GDAX. The benefit of this is that GDAX has very low fees - and Coinbase has very high fees. Also, for whatever reason, most of the exchanges seem to have different pricings.

O right I see. Thanks for that I'll set one up now :)

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Slayerx
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PostRe: Bitcoins and Other Crypto-currencies
by Slayerx » Sun Dec 24, 2017 10:23 pm

Nice to see BTC slump again maybe people will by BTC for Xmas :lol:

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Venom
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PostRe: Bitcoins and Other Crypto-currencies
by Venom » Thu Dec 28, 2017 7:27 pm

I now have bought a couple of Ripple XRP! I bought about 72p are now worth £1.05. Roughly a 50% increase. I'm wondering if it's worth putting a few quid into this.

They are stored online. I want to buy a couple more so now have to learn how to store them offline. So am trying to learn about this now.

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Slayerx
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PostRe: Bitcoins and Other Crypto-currencies
by Slayerx » Thu Dec 28, 2017 7:35 pm

Venom wrote:I now have bought a couple of Ripple XRP! I bought about 72p are now worth £1.05. Roughly a 50% increase. I'm wondering if it's worth putting a few quid into this.

They are stored online. I want to buy a couple more so now have to learn how to store them offline. So am trying to learn about this now.


Which exchange did you use?

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Slayerx
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PostRe: Bitcoins and Other Crypto-currencies
by Slayerx » Thu Dec 28, 2017 7:41 pm

Looks like South Korea is what people are speculating for the downswing for BTC.

http://www.telegraph.co.uk/technology/2 ... kdown/amp/

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Venom
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PostRe: Bitcoins and Other Crypto-currencies
by Venom » Thu Dec 28, 2017 7:54 pm

Slayerx wrote:
Venom wrote:I now have bought a couple of Ripple XRP! I bought about 72p are now worth £1.05. Roughly a 50% increase. I'm wondering if it's worth putting a few quid into this.

They are stored online. I want to buy a couple more so now have to learn how to store them offline. So am trying to learn about this now.


Which exchange did you use?



I used Coinbase to buy Bitcoin then sent them to Poloniex.com where I was able to buy the XRP.
I don't want to do anything rash but that is a pretty big increase on my (modest) deposit!

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Slayerx
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PostRe: Bitcoins and Other Crypto-currencies
by Slayerx » Thu Dec 28, 2017 8:01 pm

Venom wrote:
Slayerx wrote:
Venom wrote:I now have bought a couple of Ripple XRP! I bought about 72p are now worth £1.05. Roughly a 50% increase. I'm wondering if it's worth putting a few quid into this.

They are stored online. I want to buy a couple more so now have to learn how to store them offline. So am trying to learn about this now.


Which exchange did you use?



I used Coinbase to buy Bitcoin then sent them to Poloniex.com where I was able to buy the XRP.
I don't want to do anything rash but that is a pretty big increase on my (modest) deposit!


Nice what kind of fee if you don't mind me asking did you incur for moving BTC to the new exchange?

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Venom
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PostRe: Bitcoins and Other Crypto-currencies
by Venom » Thu Dec 28, 2017 8:21 pm

Slayerx wrote:
Venom wrote:
Slayerx wrote:
Venom wrote:I now have bought a couple of Ripple XRP! I bought about 72p are now worth £1.05. Roughly a 50% increase. I'm wondering if it's worth putting a few quid into this.

They are stored online. I want to buy a couple more so now have to learn how to store them offline. So am trying to learn about this now.


Which exchange did you use?



I used Coinbase to buy Bitcoin then sent them to Poloniex.com where I was able to buy the XRP.
I don't want to do anything rash but that is a pretty big increase on my (modest) deposit!


Nice what kind of fee if you don't mind me asking did you incur for moving BTC to the new exchange?


When I sent £95 worth of Bitcoin there was £17 fee. Today when I sent 4x as much there was a £15 fee. So it's something I need to investigate because that doesn't make any sense to me.

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Slayerx
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PostRe: Bitcoins and Other Crypto-currencies
by Slayerx » Thu Dec 28, 2017 8:32 pm

Apparently there's the SegWit2x fork happening today for anyone holding BTC.

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Slayerx
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PostRe: Bitcoins and Other Crypto-currencies
by Slayerx » Thu Dec 28, 2017 8:33 pm

Venom wrote:
Slayerx wrote:
Venom wrote:
Slayerx wrote:
Venom wrote:I now have bought a couple of Ripple XRP! I bought about 72p are now worth £1.05. Roughly a 50% increase. I'm wondering if it's worth putting a few quid into this.

They are stored online. I want to buy a couple more so now have to learn how to store them offline. So am trying to learn about this now.


Which exchange did you use?



I used Coinbase to buy Bitcoin then sent them to Poloniex.com where I was able to buy the XRP.
I don't want to do anything rash but that is a pretty big increase on my (modest) deposit!


Nice what kind of fee if you don't mind me asking did you incur for moving BTC to the new exchange?


When I sent £95 worth of Bitcoin there was £17 fee. Today when I sent 4x as much there was a £15 fee. So it's something I need to investigate because that doesn't make any sense to me.


I believe it changes all the time due to demand etc so you won't ever get the same fee typically I might be wrong.

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Errkal
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PostRe: Bitcoins and Other Crypto-currencies
by Errkal » Fri Dec 29, 2017 6:19 am

You can set the fee in coinbase if not in the android app.

Reducing the fee will increase transaction times but you can drop the fee to 0 if you want it isn't a mandatory thing, however a fee of 0 will probably never process.

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Preezy
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PostRe: Bitcoins and Other Crypto-currencies
by Preezy » Fri Dec 29, 2017 12:54 pm

I wonder how long it’ll take for this Ponzi scheme to collapse like a house of pyramids made from speculation?

Last edited by Preezy on Fri Dec 29, 2017 7:05 pm, edited 1 time in total.
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Slayerx
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PostRe: Bitcoins and Other Crypto-currencies
by Slayerx » Fri Dec 29, 2017 5:17 pm

So I took the plunge and have XRP along with LTC, BTC and ETH.

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No:1 Final Fantasy Fan
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PostRe: Bitcoins and Other Crypto-currencies
by No:1 Final Fantasy Fan » Fri Dec 29, 2017 9:18 pm

Preezy wrote:I wonder how long it’ll take for this Ponzi scheme to collapse like a house of pyramids made from speculation?

Are you going to join in? They are quite low atm maybe worth investing ;)

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Preezy
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PostRe: Bitcoins and Other Crypto-currencies
by Preezy » Fri Dec 29, 2017 11:11 pm

No:1 Final Fantasy Fan wrote:
Preezy wrote:I wonder how long it’ll take for this Ponzi scheme to collapse like a house of pyramids made from speculation?

Are you going to join in? They are quite low atm maybe worth investing ;)

No thanks.

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Karl
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PostRe: Bitcoins and Other Crypto-currencies
by Karl » Sat Dec 30, 2017 12:25 am

The FT ran with this yesterday:

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:simper:

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Hyperion
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PostRe: Bitcoins and Other Crypto-currencies
by Hyperion » Sat Dec 30, 2017 8:27 am

So you're saying now's a good time to buy?

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