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re: Official CryptoTalk Thread

Posted on 5/22/17 at 12:04 pm to
Posted by SpaceX
Member since Apr 2015
91 posts
Posted on 5/22/17 at 12:04 pm to
quote:

How can you possibly value these currencies? How do you or anyone decide to exit? I can't see these things as anything other than a pure speculative vehicle at this point. I don't think they are going away or anything but this appears to be CLASSIC FOMO mania. Just don't be the last guy holding the bag


Posted by The Boat
Member since Oct 2008
164339 posts
Posted on 5/22/17 at 12:32 pm to
Bitcoin is nuts right now
Posted by bluemoons
the marsh
Member since Oct 2012
5523 posts
Posted on 5/22/17 at 12:36 pm to
quote:

there is definitely a bubble but even with a crash, a buy-and-hold position on ethereum could end up being very lucrative if its applications start getting incorporated into industry like it's hyped up to


I agree that it's a bubble to the extent that a crash wouldn't come close to a total loss. My rationale here is supported (in my own mind) by the outside investment of these bigger companies.
Posted by Tyga Woods
South Central Jupiter Island, FL
Member since Sep 2016
30368 posts
Posted on 5/22/17 at 12:36 pm to
Can you buy on coinbase with a prepaid Visa card? I'm hesitant to give my account numbers to someone or something that I know nothing about
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423377 posts
Posted on 5/22/17 at 12:39 pm to
Coinbase is a US company that is regulated by the feds (like a bank, iirc). you're safe (that's why it's one of the more expensive options)
Posted by mb810
Member since Dec 2011
257 posts
Posted on 5/22/17 at 12:40 pm to
If news leaks of one of these outside companies actually implementing the platform for use, the price could skyrocket overnight
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66467 posts
Posted on 5/22/17 at 12:58 pm to
Coinbase won't let me link a frickin bank account. Says I've made too many attempts even though I've never tried before. I think the site just can't handle the traffic

I'll be in for $1000 once I get my payment method set up
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423377 posts
Posted on 5/22/17 at 1:02 pm to
i've bought $1k within the last hour

i have a CC set up and have used CB for about 9 months so i am not having any issues

i don't have my bank linked as of now (i've only bought BTC as currency to use as currency so no need to withdraw)
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96028 posts
Posted on 5/22/17 at 1:03 pm to
quote:

Coinbase won't let me link a frickin bank account. Says I've made too many attempts even though I've never tried before. I think the site just can't handle the traffic



i just read this thread and thought i'd try it and got the same error. So yeah its probably overloaded right now.
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
40985 posts
Posted on 5/22/17 at 1:04 pm to
The price has skyrocketed overnight.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66467 posts
Posted on 5/22/17 at 1:05 pm to
I'm really thinking about dumping my savings in here. This could be one of those things that makes you want to kill yourself if you didn't max out early
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
40985 posts
Posted on 5/22/17 at 1:05 pm to
Setting up with CB is annoying af.

Kraken took forever.

Poloniex is another option but I haven't used it.
Posted by 50_Tiger
Dallas TX
Member since Jan 2016
40162 posts
Posted on 5/22/17 at 1:05 pm to
As another user pointed out, should I be waiting to buy in again when the spike comes down? I'm in for 1g right now
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
40985 posts
Posted on 5/22/17 at 1:07 pm to
Here's my rational: I've made some pretty significant money since getting in mostly >$80. Yeah, I'd have a nice return today and be happy.

But I'd rather gamble for the long haul. I know the risk of losing it all, but I guess I'm thankful I'm not in a position I'd have to rely on that initial investment.

Long story short: I'm hoping it goes $2-3000k+ within 2-3 years. And I'll gamble by holding hoping for just that.
Posted by barry
Location, Location, Location
Member since Aug 2006
50361 posts
Posted on 5/22/17 at 1:07 pm to
quote:

I'm really thinking about dumping my savings in here. This could be one of those things that makes you want to kill yourself if you didn't max out early



WOW

I hope you are like 24 and your savings is like 5k
This post was edited on 5/22/17 at 1:08 pm
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
40985 posts
Posted on 5/22/17 at 1:09 pm to
Man it's tough to say. This thing has been all over the place. It dipped to $83 within the last 2 weeks and I snagged more.

I should have bought more >$120 but was extremely busy last week and just didn't have the time.

If it dips below $150 I'll buy more. And who knows if it plateaus at the current value down the line maybe I'll buy more at the rate too.
Posted by bluemoons
the marsh
Member since Oct 2012
5523 posts
Posted on 5/22/17 at 1:09 pm to
quote:

I'm really thinking about dumping my savings in here. This could be one of those things that makes you want to kill yourself if you didn't max out early


Yeah, calm down man. Eth may be a great investment, but don't react emotionally to this most recent rally. Crypto falls just as fast as it rises.
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
40985 posts
Posted on 5/22/17 at 1:10 pm to
Yeah I wouldn't do that.

View it as a gamble and what can you absolutely comfortably lose. Anything above that is not worth it to me.
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
40985 posts
Posted on 5/22/17 at 1:11 pm to
Next level of volatility.
Posted by bluemoons
the marsh
Member since Oct 2012
5523 posts
Posted on 5/22/17 at 1:12 pm to
Such is the downside of trading something with no intrinsic value.
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